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<br />(Space Above This Line for Recording Data)
<br />DEED OF TRUST
<br />Loan #: 2022101
<br />THIS DEED OF TRUST ("Security Instrument") is made on this 1st day of April, 2022. The Trustor
<br />(whether one or more) is 828 Enterprises, L.L.C., a Nebraska Limited Liability Company, whose address is
<br />929 S Locust Street, Grand Island, NE 68801, and is sometimes herein identified as Borrower. The Trustee is:
<br />McDermott Family Limited Partnership, which is organized and existing under the laws of State of Nebraska,
<br />and whose address is 923 Austin Ave Grand Island, NE 68801 ("Trustee"). The Beneficiary is McDermott
<br />Family Limited Partnership, which is organized and existing under the laws of State of Nebraska, and whose
<br />address is 923 Austin Ave Grand Island, NE 68801, and is sometimes herein identified as Lender. Borrower
<br />owes Lender the principal sum of Two Hundred Ninety Thousand dollars and No/100 Dollars
<br />($290,000)
<br />This debt is evidence by Borrower's note dated the same date as this Security Instrument ("Note"),
<br />CO which provides for monthly payments, with the full debt, if not paid earlier, due and payable on April 1, 2032.
<br />This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with
<br />interest, and all renewals, extensions and modifications of the Note; (b) the payment of all other sums, with
<br />interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the
<br />yperformance of Borrower's covenants and agreements. For this purpose, Borrower irrevocably grants and
<br />conveys to Trustee, in trust, with power of sale; the following:
<br />Unit Four (4), Park Island Square II Business Condominiums, in the City of Grand Island, Hall County,
<br />Nebraska, as shown in the Declaration of Park Island Square Business Condominiums filed of record on
<br />December 23, 2021 as Instrument No. 202110859 in the Office of the Register of Deeds of Hall County,
<br />Nebraska;
<br />which has the address of 3537 W 13th St, Grand Island, NE 68803;
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances and fixtures now or hereafter a part of the property. All replacements and additions shall also be
<br />covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the
<br />"Property".
<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has
<br />the right to grant and convey the Property and that the Property is unencumbered, except for the encumbrances
<br />of record. Borrower warrants and will defend generally the title to the Property against all claims and demands,
<br />subject to any encumbrances of record.
<br />THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform
<br />covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real
<br />property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal and Interest; Prepayment and Late Charges. Borrower shall promptly
<br />pay when due the principal of and interest on the debt evidenced by the Note and any prepayment and late
<br />charges due under the Note.
<br />2. Funds for Taxes and Insurance. Subject to applicable law or to a waiver by Lender, Borrower
<br />shall pay to Lender on the day monthly payments are due under the Note, until the Note is paid in full, a sum
<br />("Funds") for: (a) yearly taxes and assessments which may attain priority over this Security Instrument as a
<br />lien on the Property; (b) yearly leasehold payments or ground rents on the Property, if any; (c) yearly hazard or
<br />property insurance premiums; (d) yearly flood insurance premiums, if any; (e) yearly mortgage insurance
<br />premiums, if any; and (f) any sums payable to Borrower to Lender, in accordance with the provisions of
<br />paragraph 8, in lieu of the payment of mortgage insurance premiums. These items are called "Escrow Items."
<br />Lender may, at any time, collect and hold Funds in an amount not to exceed the maximum amount a lender for
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