|
Return to:
<br />Title Services of the Plains, LLC
<br />PO Box 929
<br />North Platte, NE 69103-0929
<br />ri
<br />rruLA
<br />=
<br />DEED OF TRUST
<br />r
<br />202400900
<br />L L —1
<br />- —.4
<br />CD
<br />cn
<br />THIS DEED OF TRUST, is made as oftheS4J day of .! ice 2016, by and
<br />among, Justin J. Dillion, a single person, ("Trustor"), whose mailing address is po7 W. 1/11" St., Grand Island,
<br />NE 68801; Gary D. Byrne, a member of the Nebraska State Bar Association ("Trustee"), whose mailing
<br />address is P.O. Box 929, North Platte, NE 69103-0929; and Plate Enterprises, LLC, ("Beneficiary"), whose
<br />mailing address is 2209 East Stolley Park Road, Grand Island, NE 68801.
<br />FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys and assigns
<br />to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of Beneficiary, under and
<br />subject to the terms and conditions of this Deed of Trust, the real property located in the County of Hall,
<br />State of Nebraska, and legally described as follows (the "Property"):
<br />Lot Two (2), Block Ten (10), Gilbert's Addition to the City of Grand Island, Hall County, Nebraska.
<br />TOGETHER WITH, all rents, easements, appurtenances, hereditaments, interests in adjoining
<br />roads, streets and alleys, improvements and buildings of any kind situated thereon and all personal property
<br />that may be or hereafter become an integral part of such buildings and improvements, all crops raised thereon,
<br />and all water rights.
<br />The Property and the entire estate and interest conveyed to the Trustee are referred to
<br />collectively as the "Trust Estate".
<br />FOR THE PURPOSE OF SECURING:
<br />a. Payment of indebtedness in the total principal amount of $86,000.00, with interest thereon,
<br />as evidenced by that certain promissory note of even date (the "Note") with a maturity date of July 1, 2026,
<br />executed by Trustor, which has been delivered and is payable to the order of Beneficiary, and which by this
<br />reference is hereby made a part hereof, and any and all modifications, extensions and renewals thereof, and
<br />b. Payment of all sums advanced by Beneficiary to protect the Trust Estate, with interest
<br />thereon at the rate of 5% m• annum, and
<br />c. The performance of Trustor's covenants and agreements.
<br />This Deed of Trust, the Note, and any other instrument given to evidence or further secure
<br />the payment and performance of any obligation secured hereby are referred to collectively as the "Loan
<br />Instruments".
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST:
<br />1. PAYMENT OF INDEBTEDNESS. Trustor shall pay when due the principal of, and
<br />the interest on, the indebtedness evidenced by the Note, charges, fees and all other sums as provided in the
<br />Loan Instruments.
<br />2. TAXES AND ASSESSMENTS. Trustor shall pay all taxes and special assessments
<br />of every kind, now or hereafter levied against the Trust Estate or any part thereof directly without notice or
<br />demand as each installment comes due and shall provide the Beneficiary with evidence of the payment of the
<br />same.
<br />3. INSURANCE AND REPAIRS. Trustor shall maintain fire and extended coverage
<br />insurance insuring the improvements and buildings constituting part of the Trust Estate for an amount no less
<br />than the amount of the unpaid principal balance of the Note (co-insurance not exceeding 80% permitted).
<br />Such insurance policy shall contain a standard mortgage clause in favor of Beneficiary and shall not be
<br />r—
<br />r— ;.
<br />
|