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B <br />N <br />B <br />01 <br />0 <br />rn <br />n <br />-L <br />nn <br />rn <br />S D <br />V1 <br />Return To: <br />Denise Myers <br />P.O.Box 505 <br />Cairo, NE 68824 <br />4M 1NM15NI SV 01310 <br />TRUST DEED <br />THIS DEED OF TRUST is made on , 202a. The Trustor is Scottie Dog <br />Properties, L.L.C., A Nebraska Limited Liability Com any, (hereinafter "Borrower"). The Trustee <br />is Denise D. Myers, of Myers Law Office, 415 S. High St., P.O. Box 505, Cairo, Nebraska 68824, <br />("Trustee"). The beneficiary is J & B Rentals, L.L.C., A Nebraska Limited Liability Company, <br />(Hereinafter, "Lender"). Borrower owes Lender the principal sum of One Hundred Eighty <br />Thousand and 00/100 Dollars ($180,000.00). This debt is evidenced by Borrower's note dated <br />the same date as this Security Instrument ("Note"), which provides for payment of principal, plus <br />accrued interest in monthly payments. The Deed of Trust (sometimes referred to herein as <br />"security instrument") secures to Lender: (a) the repayment of the debt evidenced by the Note, <br />and all renewals, extensions and modifications; (b) the payment of all other sums advanced under <br />paragraph 4 to protect the security of this Security Instrument; and (c) the performance of <br />Borrower's covenants and agreements. For this purpose, Borrower irrevocably grants and <br />conveys to Trustee, in trust, with power of sale, the following described property located in Hall <br />County, Nebraska: <br />The Southerly Forty-four Feet (S44') of the Northerly Half (N1/2) of Lot Five (5), in <br />Block Sixty-five (65), in the Original Town, now City of Grand Island, Hall County, <br />Nebraska. <br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all <br />easements, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water <br />rights and stock and all fixtures now or hereafter a part of the property. All replacements and <br />additions shall also be covered by this Security Instrument. All of the foregoing is referred to in <br />this Security Instrument as the "Property". <br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby <br />conveyed and has the right to grant and convey the Property and that the Property is <br />unencumbered. Borrower warrants and will defend generally the title to the Property against all <br />claims and demands, subject to any encumbrances of record. <br />COVENANTS. Borrower and Lender covenant and agree as follows: <br />1. Payment of Principal; Prepayment and Late Charges. Borrower shall promptly pay <br />when due the principal on the debt evidenced by the Note and any prepayment and late charges <br />due under the Note. Prepayment of principal or any part thereof, shall not be allowed without <br />the prior written consent of Lender. <br />2. Charges; Liens. Borrower shall pay all real estate taxes and assessments <br />attributable to the Property which may attain priority over this Security Instrument, and leasehold <br />payments or ground rents, if any. <br />Borrower shall promptly discharge any lien which has priority over this Security <br />Instrument unless Borrower: (a) agrees in writing to the payment of the obligation secured by the <br />lien in a manner acceptable to Lender; (b) contests in good faith the lien by, or defends against <br />enforcement of the lien in, legal proceedings which in the Lender's opinion operate to prevent the <br />1 <br />