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<br />Return To:
<br />Denise Myers
<br />P.O.Box 505
<br />Cairo, NE 68824
<br />TRUST DEED
<br />THIS DEED OF TRUST is made on ✓I( /, 20 The Trustor is Scottie Dog
<br />Properties, L.L.C., A Nebraska Limited Liability Company, (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 East Half (E1/2) of Lot Two (2), Block Seventy (70), Original Town of Grand
<br />Island, Hall County, Nebraska.
<br />The West Half (W1/2) of Lot One (1), Block Seventy (70), Original Town of Grand
<br />Island, Hall County, Nebraska.
<br />The East Half (E1/2) of Lot One (1), Block Seventy (70), Original Town of Grand
<br />Island, Hall County, 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 Instrument
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