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<br />THIS DEED OF TRUST is made as of the ��ay of.5�003, by and among GERSON M. ESTRADA and
<br />ARISAYDA ESTRADA, ( "Trustor "), whose mailing address is 1124 West Koenig St., Grand Island, Nebraska 68801, and DAVID C.
<br />MITCHELL, of Yost, Schafersman, Lamme, Hillis, Mitchell & Schulz, P.C., ( "Trustee "), whose mailing address is 81 West 5d' Street,
<br />Fremont, Nebraska 68025, and SID DILLON CHEVROLET - BUICK- PONTIAC, INC., ( "Beneficiary"), whose mailing address is 2500
<br />East 23`d Street, Fremont, Nebraska 68025.
<br />FOR VALUABLE CONSIDERATION Trustor irrevocably transfers, conveys and assigns to Trustee, IN TRUST, WITH
<br />POWER OF SALE, for the benefit and security of 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 described as follows (the "Property"):
<br />Lot One (1), Cornerstone Subdivision in the City of Grand Island, Hall County,
<br />Nebraska;
<br />TOGETHER WITH all rents, easements, appurtenances, hereditaments, interests in adjoining roads, streets and alleys,
<br />improvements and buildings of any kind situated thereon and all personal property that may be or hereafter become an integral part of such
<br />buildings and improvements.
<br />The Property and the entire estate and interest conveyed to the Trustee are referred to collectively as the "Trust Estate ".
<br />FOR THE PURPOSE OF SECURING:
<br />A. Payment of indebtedness in the total principal amount of $12,000.00, with interest thereon together with any future
<br />advances, as evidenced by that certain promissory note of even date (the "Note ") with a maturity date of October 1, 2004 executed by
<br />Trustor, which has been delivered and is payable to the order of Beneficiary, and which by this reference is hereby made a part hereof, and
<br />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 thereon at the rate of sixteen
<br />percent (16 %) per annum.
<br />This Deed of Trust, the Note, and any other instrument given to evidence or further secure the payment and performance of any
<br />obligation secured hereby are referred to collectively as the "Loan Instruments ".
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST:
<br />1. PAYMENT OF TNT)F.RTEDNESS. Trustor shall pay when due the principal of, and the interest on, the indebtedness
<br />evidenced by the Note, charges, fees and all other sums as provided in the Loan Instruments.
<br />2. TAXES. Trustor shall pay each installment of all taxes and special assessments of every kind, now or hereafter levied
<br />against the Trust Estate or any part thereof, before delinquency, without notice or demand, and shall provide Beneficiary with evidence of
<br />the payment of same. Trustor shall pay all taxes and assessments which may be levied upon Beneficiary's interest herein or upon this Deed
<br />of Trust or the debt secured hereby, without regard to any law that may be enacted imposing payment of the whole or any part thereof upon
<br />the Beneficiary.
<br />3. TNST TRANCE AND RF.PATRS. Trustor shall maintain fire and extended coverage insurance insuring the improvements
<br />and buildings constituting part of the Trust Estate for an amount no less than the amount of the unpaid principal balance of the Note (co-
<br />insurance not exceeding eighty percent (80 %) permitted). Such insurance policy shall contain a standard mortgage clause in favor of
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<br />THIS DEED OF TRUST is made as of the ��ay of.5�003, by and among GERSON M. ESTRADA and
<br />ARISAYDA ESTRADA, ( "Trustor "), whose mailing address is 1124 West Koenig St., Grand Island, Nebraska 68801, and DAVID C.
<br />MITCHELL, of Yost, Schafersman, Lamme, Hillis, Mitchell & Schulz, P.C., ( "Trustee "), whose mailing address is 81 West 5d' Street,
<br />Fremont, Nebraska 68025, and SID DILLON CHEVROLET - BUICK- PONTIAC, INC., ( "Beneficiary"), whose mailing address is 2500
<br />East 23`d Street, Fremont, Nebraska 68025.
<br />FOR VALUABLE CONSIDERATION Trustor irrevocably transfers, conveys and assigns to Trustee, IN TRUST, WITH
<br />POWER OF SALE, for the benefit and security of 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 described as follows (the "Property"):
<br />Lot One (1), Cornerstone Subdivision in the City of Grand Island, Hall County,
<br />Nebraska;
<br />TOGETHER WITH all rents, easements, appurtenances, hereditaments, interests in adjoining roads, streets and alleys,
<br />improvements and buildings of any kind situated thereon and all personal property that may be or hereafter become an integral part of such
<br />buildings and improvements.
<br />The Property and the entire estate and interest conveyed to the Trustee are referred to collectively as the "Trust Estate ".
<br />FOR THE PURPOSE OF SECURING:
<br />A. Payment of indebtedness in the total principal amount of $12,000.00, with interest thereon together with any future
<br />advances, as evidenced by that certain promissory note of even date (the "Note ") with a maturity date of October 1, 2004 executed by
<br />Trustor, which has been delivered and is payable to the order of Beneficiary, and which by this reference is hereby made a part hereof, and
<br />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 thereon at the rate of sixteen
<br />percent (16 %) per annum.
<br />This Deed of Trust, the Note, and any other instrument given to evidence or further secure the payment and performance of any
<br />obligation secured hereby are referred to collectively as the "Loan Instruments ".
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST:
<br />1. PAYMENT OF TNT)F.RTEDNESS. Trustor shall pay when due the principal of, and the interest on, the indebtedness
<br />evidenced by the Note, charges, fees and all other sums as provided in the Loan Instruments.
<br />2. TAXES. Trustor shall pay each installment of all taxes and special assessments of every kind, now or hereafter levied
<br />against the Trust Estate or any part thereof, before delinquency, without notice or demand, and shall provide Beneficiary with evidence of
<br />the payment of same. Trustor shall pay all taxes and assessments which may be levied upon Beneficiary's interest herein or upon this Deed
<br />of Trust or the debt secured hereby, without regard to any law that may be enacted imposing payment of the whole or any part thereof upon
<br />the Beneficiary.
<br />3. TNST TRANCE AND RF.PATRS. Trustor shall maintain fire and extended coverage insurance insuring the improvements
<br />and buildings constituting part of the Trust Estate for an amount no less than the amount of the unpaid principal balance of the Note (co-
<br />insurance not exceeding eighty percent (80 %) permitted). Such insurance policy shall contain a standard mortgage clause in favor of
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