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Deed of Trust, Security Agreement and Fixture Filing 200507252
<br />(Nebraska)
<br />This Trust Deed, made this 27th day of July, 2005, between Little B's Corp., a Nebraska Corporation, whose address
<br />is 4444 West 13th Street, Grand Island, NE, 68803 Trustor, and Bruce I. Smith, Attorney at Law, whose address is P.
<br />O. Box 790, Grand Island, NE 68802, Trustee,
<br />Witnesseth: That Whereas, Trustor has executed one certain Deed of Trust Note bearing even date herewith and drawn
<br />to the order of Metropolitan Life Insurance Company, hereinafter called Beneficiary, for the principal sum o--- FOUR
<br />HUNDRED SIXTY -FIVE THOUSAND - -- Dollars ($465,000.00), payable in lawful money of the United States which
<br />shall be legal tender in payment of all debts and dues, public and private, at the time of payment, payable in installments,
<br />the final installment due July 15, 2025, with interest thereon from the date of disbursement as therein provided.
<br />And Whereas, Trustor is desirous of securing the prompt payment of said Deed of Trust Note and all interest and charges
<br />thereon, in whose hands soever the same may be.
<br />Now, therefore, Trustor, in consideration of the premises, and for the purpose aforesaid, bath granted, bargained, sold,
<br />and conveyed, and hereby does grant, bargain, sell and convey unto the Trustee, in trust, with power of sale, pursuant to
<br />the Nebraska Trust Deeds Act (Section 76 -1001 et. seq.), all the following described real estate, premises and
<br />property, situate in the County of Hall and State of Nebraska, to wit:
<br />The Southwest Quarter; the Northwest Quarter of the Southeast Quarter and the Southeast Quarter of the Northwest
<br />Quarter in Section Sixteen, Township Eleven North, Range Ten West of the Sixth Principal Meridian, Hall County,
<br />Nebraska, EXCEPT a strip of land 60 feet in width lying over and across the southern part of the Southwest Quarter
<br />deeded to the State of Nebraska for road purposes AND EXCEPT a certain tract more particularly described in Joint
<br />Tenancy Warranty Deed recorded as Document No. 98- 100016.
<br />The West Half of the Northeast Quarter of Section Twenty- seven, Township Eleven North, Range Ten West of the Sixth
<br />Principal Meridian, Hall County, Nebraska.
<br />Together with all and singular tenements, hereditaments, privileges and appurtenances, now or hereafter located upon or
<br />belonging to or in anywise appertaining to the above described property, or any part thereof, including any right of
<br />homestead and every contingent right or estate therein.
<br />This Deed of Trust is given to secure a Deferred Purchase Money Note, which represents funds advanced by
<br />Beneficiary to pay for the balance of the purchase price paid to the grantor for said land and is to be deemed given for
<br />the purchase price and the continuation of the original Vendor's lien on said premises.
<br />It is agreed that all irrigation pumps, motors, engines pipes, sprinklers, control panels and accessories, and all other
<br />irrigation equipment together with all water and watering rights of every kind and description, and all improvements,
<br />fixtures and appurtenances connected therewith now or hereafter placed or installed on said premises shall be
<br />construed as affixed to and a part of the real estate hereinabove described and subject to all of the provisions of this
<br />Deed of Trust.
<br />The Note secured by this Deed of Trust is further secured by a Financing Statement and Security Agreement of even
<br />date herewith, covering all equipment, improvements, fixtures and appurtenances as described in said Financing
<br />Statement and Security Agreement.
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