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<br />Return to: Kevin P. Walsh
<br />104 N. Wheeler Avenue
<br />Grand Island NE 68801
<br />IN3W11111SNl SV 43d31.N
<br />DEED OF TRUST
<br />This DEED OF TRUST is made effective as of the <fay of July, 2022. The Trustor is
<br />HASSELMANN DEVELOPMENT, LLC, a Nebraska limited liability company, whose mailing
<br />address is 3761 Starwood Avenue, Grand Island, Nebraska 68803 (herein, "Trustor" or
<br />"Borrower"). The Trustee is Kevin P. Walsh, Attorney -at -Law, whose mailing address is 104 N.
<br />Wheeler Street, Grand Island, Nebraska 68801. The Beneficiary is RAYMOND J. O'CONNOR
<br />whose mailing address is 2502 N. Webb Road, Suite A, PO Box 139, Grand Island, Nebraska
<br />68802-0139 (herein, "Lender").
<br />For valuable consideration, Trustor irrevocably grants, transfers, conveys and assigns to
<br />Trustee, in trust, with power of sale, for the benefit and security of Beneficiary, under and subject
<br />to the terms and conditions of this Deed of Trust, the Trustor's interest in the following -described
<br />property located in Hall County, Nebraska, to -wit:
<br />Lot Two (2), Continental Gardens Second Subdivision, in the City of Grand Island,
<br />Hall County, Nebraska;
<br />together with all improvements, fixtures and appurtenances located thereon or in any way
<br />pertaining thereto, and the rents, issues, profits, reversions and the remainders thereof, including
<br />all such personal property that is attached to the improvements so as to constitute a fixture, all of
<br />which, including replacements and additions thereto, are hereby declared to be a part of the real
<br />estate conveyed in trust hereby, it being agreed that all of the foregoing shall be hereinafter
<br />collectively referred to as the "Property".
<br />This Deed of Trust shall secure (a) the payment of the principal sum and interest evidenced
<br />by a Promissory Note of even date herewith having a maturity date of April 20, 2032, in the original
<br />principal amount of One Hundred Twenty Thousand and No/100 Dollars ($120,000.00), and any
<br />and all modifications, extensions, and renewals thereof or thereto, and any and all future advances
<br />and re -advances to Borrower hereunder pursuant to one or more promissory notes or credit
<br />agreements (herein called the "Note"); (b) the payment of other sums advanced by Lender to
<br />protect the security of the Note; (c) the performance of all covenants and agreements of Trustor
<br />set forth herein; and (d) all present and future indebtedness and obligations of Borrower to Lender,
<br />whether direct, indirect, absolute, or contingent and whether arising by note, guaranty, overdraft,
<br />or otherwise. The Note, this Deed of Trust, and any and all other documents securing the Note or
<br />otherwise executed in connection therewith, including without limitation guarantees and security
<br />agreements shall be referred to herein as the "Loan Instruments".
<br />TRUSTOR COVENANTS AND AGREES WITH LENDER AS FOLLOWS:
<br />To protect the security of this Deed of Trust, Trustor hereby covenants and agrees as
<br />follows:
<br />1. Payment of Indebtedness. To pay when due, the principal of, and the interest on,
<br />the indebtedness evidenced by the Note, charges, fees and all other sums as provided in the Loan
<br />Instruments.
<br />2. Title. Trustor is the owner of the Property and has the right and authority to execute
<br />this Deed of Trust in respect to the Property. The Trustor further warrants that the execution and
<br />delivery of this Deed of Trust does not violate any contract or other obligation to which Trustor is
<br />subj ect.
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