THIS DEED OF TRUST is made as of the
<br />among GREGORY E. DOBESH, ( "TRUSTOR "),
<br />Street, Grand Island, NE 68803.
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<br />Z6 day of December, 2001, by and
<br />whose mailing address is: 3500 West 2nd
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<br />and DUANE A BURNS, Attorney, ( "TRUSTEE "), whose mailing address is: P. O. Box
<br />2300, Grand Island, Nebraska 68802;
<br />and TRANSPORTATION EQUIPMENT CO., INC., ( "BENEFICIARY "), whose mailing
<br />address is: P.O. Box 488, Grand Island, Nebraska 68802.
<br />FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys, and
<br />assigns to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of
<br />Beneficiary, under and subject to the terms and conditions of this Deed of Trust, the real
<br />property located in the City of Grand Island, County of Hall, State of Nebraska, and legally
<br />described as follows: (the "Property"):
<br />A tract of land comprising a part of Lots 4 and 5, Bachman & Lester
<br />Subdivision, Hall County, Nebraska, more particularly described as follows:
<br />Beginning at a point on the south line of said Lot 5, said point being 165.35
<br />feet east of the southwest corner of said Lot 5; thence easterly along the south
<br />line of said Lots 4 and 5, also being the north line of Lester Street, a distance
<br />of 130.79 feet; thence deflecting left 89 054'30" and running northerly a
<br />distance of 146.62 feet; thence westerly parallel to the south line of said Lots 4
<br />and 5, a distance of 130.79 feet; thence deflecting left 89 054'30" and running
<br />southerly, a distance of 146.62 feet to the place of beginning
<br />TOGETHER WITH all rents, easements, appurtenances, hereditaments, interests in
<br />adjoining roads, streets and alleys, improvements and buildings of any kind situated hereon
<br />and all personal property that my be or hereafter become an integral part of such buildings and
<br />improvements.
<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 $45,000.00, with interest
<br />thereon, as evidenced by that certain Promissory Note of even date (the "Note ") with a
<br />maturity date of December 20, 2006, executed by Trustor, which has been delivered and is
<br />payable to the order of Beneficiary, and which by this reference is hereby made a part hereof,
<br />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
<br />interest thereon at the rate of twelve (12 %) percent per annum.
<br />This Deed of Trust, the Note, and any other instrument given to evidence or further
<br />secure the payment and performance of any obligation secured hereby are referred to
<br />collectively as the "Loan Instruments ".
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<br />DEED OF TRUST
<br />THIS DEED OF TRUST is made as of the
<br />among GREGORY E. DOBESH, ( "TRUSTOR "),
<br />Street, Grand Island, NE 68803.
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<br />Z6 day of December, 2001, by and
<br />whose mailing address is: 3500 West 2nd
<br />c�
<br />C
<br />and DUANE A BURNS, Attorney, ( "TRUSTEE "), whose mailing address is: P. O. Box
<br />2300, Grand Island, Nebraska 68802;
<br />and TRANSPORTATION EQUIPMENT CO., INC., ( "BENEFICIARY "), whose mailing
<br />address is: P.O. Box 488, Grand Island, Nebraska 68802.
<br />FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys, and
<br />assigns to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of
<br />Beneficiary, under and subject to the terms and conditions of this Deed of Trust, the real
<br />property located in the City of Grand Island, County of Hall, State of Nebraska, and legally
<br />described as follows: (the "Property"):
<br />A tract of land comprising a part of Lots 4 and 5, Bachman & Lester
<br />Subdivision, Hall County, Nebraska, more particularly described as follows:
<br />Beginning at a point on the south line of said Lot 5, said point being 165.35
<br />feet east of the southwest corner of said Lot 5; thence easterly along the south
<br />line of said Lots 4 and 5, also being the north line of Lester Street, a distance
<br />of 130.79 feet; thence deflecting left 89 054'30" and running northerly a
<br />distance of 146.62 feet; thence westerly parallel to the south line of said Lots 4
<br />and 5, a distance of 130.79 feet; thence deflecting left 89 054'30" and running
<br />southerly, a distance of 146.62 feet to the place of beginning
<br />TOGETHER WITH all rents, easements, appurtenances, hereditaments, interests in
<br />adjoining roads, streets and alleys, improvements and buildings of any kind situated hereon
<br />and all personal property that my be or hereafter become an integral part of such buildings and
<br />improvements.
<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 $45,000.00, with interest
<br />thereon, as evidenced by that certain Promissory Note of even date (the "Note ") with a
<br />maturity date of December 20, 2006, executed by Trustor, which has been delivered and is
<br />payable to the order of Beneficiary, and which by this reference is hereby made a part hereof,
<br />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
<br />interest thereon at the rate of twelve (12 %) percent per annum.
<br />This Deed of Trust, the Note, and any other instrument given to evidence or further
<br />secure the payment and performance of any obligation secured hereby are referred to
<br />collectively as the "Loan Instruments ".
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