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<br />TRUST DEED C?,�
<br />THIS TRUST DEED is made and entered into this 9th day of July, 2012 by and between KMK Custom Builde s, c
<br />Inc., TRUSTOR, whether one or more; and Fidelity National Tille Insurance Company, TRUSTEE; and James S. Reed
<br />and Precious A. Reed, BENEFICIARY, whether one or more.
<br />WITNESSETH: That the Truster does by these presents grant, bargain, sell, convey and confirm unto the Trustee,
<br />with Power of Sale, the followure described real estate including all buildings, improvements, and fixtures of every kind now
<br />or hereafter erected or placed on the real estate situated in hall County, Nebraska, described ax
<br />Lot Twelve (12), Grand West Subdivision in the City of Grand Island, Hall County, Nebraska.
<br />In We event of the sale, transfer or conveyance of the above - described property to any third party, all sums secured
<br />hereby shall be at once due and payable.
<br />TO HAVE AND HOLD the same, with all rights, privileges, and appurtenances thereuvm belonging, unto the
<br />Trustee, his executors, administrators, hens and assigns forever. And the Truster hereby expressly waives, releases, and
<br />relinquishes unto the Trustee all right, title, claim, interest, benefit and estate whatever, in and to the above described
<br />premises and each and every owl thereof, which is gives by or results from all laws of the State of Nebraska pert to
<br />the exemption of homestead. And the Trustor covenants with the Trustee Oat he will forever warned he t and defend tithe
<br />to the same against the lawful claims of ad persons whomsoever.
<br />IN TRUST, HOWEVER, for the following described purposes: WHEREAS, the Trusmr did on this date execute
<br />a Promissory Note evidencing* a loan for the principal sum of $27,024.09 and interest thereon according to the items of said
<br />Promissory Note, being payable in monthly installments at such place as the Beneficiary may designate in writing from time
<br />to time. Notwithstanding any provision contained herein or in said Promissory Note to the contrary, if not sooner paid, all
<br />sums due and owing Ruder the terms of said Note shall be paid on the 9th day of July, 2013.
<br />In the event of default, Beneficiary's remedies shall not be limited to those provided for herein. This Trust Deed
<br />may be foreclosed as the manner pemmibed by law for foreclosure of mortgages.
<br />IT IS AGREED by and between the parties hereto that the Trustor shall (t pay all present and future taxes and
<br />assessments, general and special, against said property before the same become clivquent or actionable; (2) keep all
<br />improvements erected on the land insured as may be required from has to time by Beneficiary against loss by fne and other
<br />hazards, casualties and contingencies, in such amounts and for such periods as are reasonable and may be required by the
<br />Beneficiary, and to keep all polities of such insurance in force and effect and delivered to the Beneficiary, and naming
<br />Truster and Beneficiary as loss payees, as their interests may appear; (3) pay and comply with all of the terms and conditions
<br />of any Gen, claim or indebtedness that may be senior to and take precedence over this Trust Deed as soon as such payment
<br />on or of such Gen, claim or indebtedness shah become due; and upon failure of the Trustor to keep any of said agreements,
<br />the said Beneficiary may pay such tax, pay for such insurance, or pay off any and all such liens, or indebtedness as the case
<br />may be, and money expended, with interest as provided by the terms of the aforementioned Promissory Note, shall be
<br />secured by this Trust Deed, and the Trustee agrees to pay the same upon demand, and upon failure to do so, the balance
<br />of said Promissory note shall become immediately due and payable at the option of the Beneficiary, (4) specifically confer
<br />upon the Trustee the Power of Sale as provided in Nebraska law; (5) retain possession of the premises and collect the rests
<br />and revenues therefrom; (6) maintain the Property in a condition oPP maintenance and repair such that the interest of Trustee
<br />and Beneficiary are not reduced is value though waste. Failure to comply with any of the foregoing provisions shall
<br />constitute an event of default uder the terms of this fruit Deed.
<br />ABANDONMENT OF THE PROPERTY BY TRUSTOR. In the event that Truster abandons the property, or
<br />if circumstances reasonably indicate that Trustor has abandoned the Property whether or not in connection with any labor
<br />event of default, Beneficiary shall have the right, following filing of Notice of Default, to enter upon the premises for the
<br />purpose of securing the same and for carrying out any other measures necessary to protect and preserve the interests of
<br />the Beneficiary in and to the Property. Trustor specifically agrees to hold Trustee and Beneficiary and their employees
<br />servants and agents harmless for any damages unavoidably in upon the Properly m connection with the exercise of
<br />rights wising under this Paragraph, and hereby waives any cause of action arising therefrom.
<br />Upon payment of all sums secured by this Trust Deed, the Beneficiary .shall request the Trustee, in writing to
<br />resurvey the property and shall surrender this Trust Decd and all notes evidencing indebtedness secured by this Trust Deed
<br />to the Trustee. Trustee shall reconvey the property without warranty to the person or persons legally entitled thereto; but
<br />if default be made in the payment of said Note or any part thereof or any of the interest thereon when due or in thefaithful
<br />performance of any or either of said agreements as aforesaid, then she whole of said Note shall become due and be paid
<br />as hereinafter provided, and this deed shall remain in force. The Trustee or his attorney may then proceed or sell the
<br />E eett in its entirety or in parecls at the option of the Trustee, hereinbefore described at public auction, to the highest
<br />Page Form Inner as commerce Real some Re,.aee, Inc. ,.aoo.rx.,as aeaurrm.n,r
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<br />1.
<br />TRUST DEED C?,�
<br />THIS TRUST DEED is made and entered into this 9th day of July, 2012 by and between KMK Custom Builde s, c
<br />Inc., TRUSTOR, whether one or more; and Fidelity National Tille Insurance Company, TRUSTEE; and James S. Reed
<br />and Precious A. Reed, BENEFICIARY, whether one or more.
<br />WITNESSETH: That the Truster does by these presents grant, bargain, sell, convey and confirm unto the Trustee,
<br />with Power of Sale, the followure described real estate including all buildings, improvements, and fixtures of every kind now
<br />or hereafter erected or placed on the real estate situated in hall County, Nebraska, described ax
<br />Lot Twelve (12), Grand West Subdivision in the City of Grand Island, Hall County, Nebraska.
<br />In We event of the sale, transfer or conveyance of the above - described property to any third party, all sums secured
<br />hereby shall be at once due and payable.
<br />TO HAVE AND HOLD the same, with all rights, privileges, and appurtenances thereuvm belonging, unto the
<br />Trustee, his executors, administrators, hens and assigns forever. And the Truster hereby expressly waives, releases, and
<br />relinquishes unto the Trustee all right, title, claim, interest, benefit and estate whatever, in and to the above described
<br />premises and each and every owl thereof, which is gives by or results from all laws of the State of Nebraska pert to
<br />the exemption of homestead. And the Trustor covenants with the Trustee Oat he will forever warned he t and defend tithe
<br />to the same against the lawful claims of ad persons whomsoever.
<br />IN TRUST, HOWEVER, for the following described purposes: WHEREAS, the Trusmr did on this date execute
<br />a Promissory Note evidencing* a loan for the principal sum of $27,024.09 and interest thereon according to the items of said
<br />Promissory Note, being payable in monthly installments at such place as the Beneficiary may designate in writing from time
<br />to time. Notwithstanding any provision contained herein or in said Promissory Note to the contrary, if not sooner paid, all
<br />sums due and owing Ruder the terms of said Note shall be paid on the 9th day of July, 2013.
<br />In the event of default, Beneficiary's remedies shall not be limited to those provided for herein. This Trust Deed
<br />may be foreclosed as the manner pemmibed by law for foreclosure of mortgages.
<br />IT IS AGREED by and between the parties hereto that the Trustor shall (t pay all present and future taxes and
<br />assessments, general and special, against said property before the same become clivquent or actionable; (2) keep all
<br />improvements erected on the land insured as may be required from has to time by Beneficiary against loss by fne and other
<br />hazards, casualties and contingencies, in such amounts and for such periods as are reasonable and may be required by the
<br />Beneficiary, and to keep all polities of such insurance in force and effect and delivered to the Beneficiary, and naming
<br />Truster and Beneficiary as loss payees, as their interests may appear; (3) pay and comply with all of the terms and conditions
<br />of any Gen, claim or indebtedness that may be senior to and take precedence over this Trust Deed as soon as such payment
<br />on or of such Gen, claim or indebtedness shah become due; and upon failure of the Trustor to keep any of said agreements,
<br />the said Beneficiary may pay such tax, pay for such insurance, or pay off any and all such liens, or indebtedness as the case
<br />may be, and money expended, with interest as provided by the terms of the aforementioned Promissory Note, shall be
<br />secured by this Trust Deed, and the Trustee agrees to pay the same upon demand, and upon failure to do so, the balance
<br />of said Promissory note shall become immediately due and payable at the option of the Beneficiary, (4) specifically confer
<br />upon the Trustee the Power of Sale as provided in Nebraska law; (5) retain possession of the premises and collect the rests
<br />and revenues therefrom; (6) maintain the Property in a condition oPP maintenance and repair such that the interest of Trustee
<br />and Beneficiary are not reduced is value though waste. Failure to comply with any of the foregoing provisions shall
<br />constitute an event of default uder the terms of this fruit Deed.
<br />ABANDONMENT OF THE PROPERTY BY TRUSTOR. In the event that Truster abandons the property, or
<br />if circumstances reasonably indicate that Trustor has abandoned the Property whether or not in connection with any labor
<br />event of default, Beneficiary shall have the right, following filing of Notice of Default, to enter upon the premises for the
<br />purpose of securing the same and for carrying out any other measures necessary to protect and preserve the interests of
<br />the Beneficiary in and to the Property. Trustor specifically agrees to hold Trustee and Beneficiary and their employees
<br />servants and agents harmless for any damages unavoidably in upon the Properly m connection with the exercise of
<br />rights wising under this Paragraph, and hereby waives any cause of action arising therefrom.
<br />Upon payment of all sums secured by this Trust Deed, the Beneficiary .shall request the Trustee, in writing to
<br />resurvey the property and shall surrender this Trust Decd and all notes evidencing indebtedness secured by this Trust Deed
<br />to the Trustee. Trustee shall reconvey the property without warranty to the person or persons legally entitled thereto; but
<br />if default be made in the payment of said Note or any part thereof or any of the interest thereon when due or in thefaithful
<br />performance of any or either of said agreements as aforesaid, then she whole of said Note shall become due and be paid
<br />as hereinafter provided, and this deed shall remain in force. The Trustee or his attorney may then proceed or sell the
<br />E eett in its entirety or in parecls at the option of the Trustee, hereinbefore described at public auction, to the highest
<br />Page Form Inner as commerce Real some Re,.aee, Inc. ,.aoo.rx.,as aeaurrm.n,r
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