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202109902
<br />(F) All proceeds (including claims and demands therefor) of the conversion,
<br />voluntary or involuntary, of any of the foregoing into cash or liquidated claims, including,
<br />without limitation, proceeds of insurance and condemnation awards; and
<br />FOR THE PURPOSE OF SECURING, in such order of priority as Beneficiary may elect:
<br />(1) Due, prompt and complete observance, performance and discharge of each
<br />and every obligation, covenant and agreement contained in the Secured Promissory Note
<br />between Las Villas Transport LLC and Beneficiary dated as of Ocotber 21, 2021, in the
<br />original principal amount of $110,000.00 (the "Note"), including, without limitation, all
<br />obligations evidenced by the Notes as defined therein, to Beneficiary; and any and all
<br />modifications, substitutions, extensions or renewals of the Notes and whether the entire
<br />amounts shall have been repaid in part; and
<br />(2) Due, prompt and complete observance, performance and discharge of each
<br />and every obligation, covenant and agreement of Trustor contained herein; and
<br />(3) Payment of any other or further indebtedness at any time owing by Trustor or
<br />Las Villas Transport LLC to Beneficiary however the same may be incurred, and in
<br />whatever form it may be, whether contingent or represented by notes, judgments, or
<br />otherwise, and all interest thereon; and
<br />(4) Due, prompt and complete observance, performance and discharge of each
<br />and every obligation, including payment obligations, covenants and agreements
<br />contained in the Notes and any Loan Agreements, Security Agreements, Financing
<br />Statements, Guaranties, or any other documents executed in connection therewith, or
<br />this Deed of Trust.
<br />The foregoing debts and obligations are hereinafter collectively referred to as the
<br />"Obligations").
<br />ARTICLE I
<br />COVENANTS
<br />Trustor covenants, warrants, represents and agrees to and with Beneficiary and Trustee
<br />as follows:
<br />1.01 Payment of Principal and Interest. Trustor will pay the Obligations according
<br />to the terms thereof.
<br />1.02 Warranty of Title. Trustor owns fee simple title to the Property and is lawfully
<br />seized of the Property hereby conveyed, has the right to grant and convey the Property, and has
<br />good and marketable title to the Property subject to no lien, charge or encumbrance—except for
<br />any such liens or encumbrances disclosed to Beneficiary in writing; Trustor owns the Fixtures free
<br />and clear of liens and claims, except as permitted under this Deed of Trust; and this Deed of Trust
<br />is and will remain a valid and enforceable lien on the Property subject only to the exceptions
<br />referred to below. Trustor represents and warrants that Trustor has full power and lawful
<br />authority to grant, assign, transfer and mortgage its interest in the Property in the manner and
<br />form hereby done or intended. Trustor will preserve its interest in and title to the Property and
<br />will forever warrant and defend the same to Trustee and will forever warrant and defend the
<br />validity and priority of the lien hereof against the claims of all persons and parties whomsoever.
<br />Trustor shall promptly and completely observe, perform, and discharge as and when due each
<br />and every obligation, covenant and agreement affecting the Property whether the same is prior
<br />and superior or subject and subordinate hereto.
<br />Borrower: Las Villas Transport LLC
<br />Property Owner: Juan Diaz Valdez and Nancy Lizbeth Sanchez
<br />Address: 1810 S Blaine, Grand Island, NE 68803
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