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ACKNOWLEDGMENT
<br />THE UNDERSIGNED TRUSTOR hereby acknowledges and understands that (a) the security
<br />document below to be executed is a Trust Deed and not a mortgage, (b) the power of safe provided for in the
<br />Trust Deed provides substantially different rights and obligations to the Trustor than a mortgage in the event
<br />of a default or breach of obligation. The Trustor further represents and agrees that this certification has been
<br />read and executed in connection with, but prior to, the Trustors execution of the following Trust Deed.
<br />DATED DOC -VM�er' Lj 2002
<br />Grand Island Hospitality, LLC
<br />By M.D./3AN4f-
<br />Manager
<br />STATE OF NEBRASKA
<br />SS,
<br />COUNTY OF HALL )
<br />The forpoing was acknowledged before me on the S day of December 2002, by
<br />v�C Manager of Grand Island Hospitality, LLC, on behalf of the Company.
<br />ill l�ll�le 0 VAg"ka
<br />OREGOftY M. NEUNAUs
<br />ken 7.40M
<br />TRUST DEED
<br />THIS DEED OF TRUST is made on this ? day of December 2002. The Trustor is Grand Island
<br />Hospitality, LLC, a Nebraska Company ( "Borrower "). The Trustee is John R. Brownell, Attorney at Law
<br />( "Trustee'). The Beneficiary is the Fort Myers Motel Group, Inc., 123 Evening Wind, Marion, AK 72364
<br />( "Lender "). Borrower owes Lender the principal sum of One Hundred Twenty Five Thousand Dollars
<br />($125,000.00). This debt is evidenced by Borrower's Note dated the same date as this Security Instrument
<br />( "Note "), which provides for monthly payments commencing January 1, 2003, and thereafter until paid in full.
<br />The Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Nate, with
<br />interest, and all renewals, extensions and modifications; (b) the payment of all other sums, with interest,
<br />advanced under paragraph 7 to protect the security of this Security Instrument; and the performance of
<br />Borrower's covenants and agreements. For this purpose, Borrower irrevocably grants and conveys to
<br />Trustee, in trust, with power of sale, the following described property :
<br />Lots One (1) and Two (2), in Block Eighty Three (83) , Original Town, now City of Grand
<br />Island, Hall County, Nebraska.
<br />The mailing address of the Borrower is 507 West Second Street, Grand Island, NE 68801,
<br />TOGETHER W ITH all the improvements now or hereafter erected on the property, and all easements,
<br />rights, appurtenances, rents, and fixtures hereafter a part of the property. All replacements and additions
<br />shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument
<br />as the "Property".
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<br />ACKNOWLEDGMENT
<br />THE UNDERSIGNED TRUSTOR hereby acknowledges and understands that (a) the security
<br />document below to be executed is a Trust Deed and not a mortgage, (b) the power of safe provided for in the
<br />Trust Deed provides substantially different rights and obligations to the Trustor than a mortgage in the event
<br />of a default or breach of obligation. The Trustor further represents and agrees that this certification has been
<br />read and executed in connection with, but prior to, the Trustors execution of the following Trust Deed.
<br />DATED DOC -VM�er' Lj 2002
<br />Grand Island Hospitality, LLC
<br />By M.D./3AN4f-
<br />Manager
<br />STATE OF NEBRASKA
<br />SS,
<br />COUNTY OF HALL )
<br />The forpoing was acknowledged before me on the S day of December 2002, by
<br />v�C Manager of Grand Island Hospitality, LLC, on behalf of the Company.
<br />ill l�ll�le 0 VAg"ka
<br />OREGOftY M. NEUNAUs
<br />ken 7.40M
<br />TRUST DEED
<br />THIS DEED OF TRUST is made on this ? day of December 2002. The Trustor is Grand Island
<br />Hospitality, LLC, a Nebraska Company ( "Borrower "). The Trustee is John R. Brownell, Attorney at Law
<br />( "Trustee'). The Beneficiary is the Fort Myers Motel Group, Inc., 123 Evening Wind, Marion, AK 72364
<br />( "Lender "). Borrower owes Lender the principal sum of One Hundred Twenty Five Thousand Dollars
<br />($125,000.00). This debt is evidenced by Borrower's Note dated the same date as this Security Instrument
<br />( "Note "), which provides for monthly payments commencing January 1, 2003, and thereafter until paid in full.
<br />The Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Nate, with
<br />interest, and all renewals, extensions and modifications; (b) the payment of all other sums, with interest,
<br />advanced under paragraph 7 to protect the security of this Security Instrument; and the performance of
<br />Borrower's covenants and agreements. For this purpose, Borrower irrevocably grants and conveys to
<br />Trustee, in trust, with power of sale, the following described property :
<br />Lots One (1) and Two (2), in Block Eighty Three (83) , Original Town, now City of Grand
<br />Island, Hall County, Nebraska.
<br />The mailing address of the Borrower is 507 West Second Street, Grand Island, NE 68801,
<br />TOGETHER W ITH all the improvements now or hereafter erected on the property, and all easements,
<br />rights, appurtenances, rents, and fixtures hereafter a part of the property. All replacements and additions
<br />shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument
<br />as the "Property".
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