|
<br /> j/O ~~
<br /> m
<br /> -n m (II
<br /> c: n:c
<br /> p n Z ii'\;\
<br /> 3:: n c
<br /> m > ~ ().
<br /> ,. n en . \
<br />N ~ ~ x ~
<br />is \J
<br />is
<br />....." 'I
<br />is
<br />~
<br />....."
<br />en
<br />N
<br />
<br /> i....~'
<br /> (~':..J. ("") lie
<br /> ~.:~~
<br /> '-'- --..;I C> --,
<br /> -,[ c: >-
<br /> ,........'" ....,. (
<br />~-l:l ~\ \ c-.:: :z
<br />r'ri --~ -i rT]
<br />C". l"". """-
<br />C-) ',J: -< ("".-.,
<br />0 0 ~T";
<br />\ CO
<br />~l.' -.-,
<br /> ), ( .",;,...,
<br />C) t_:~ - ---'- r: I
<br />p-, l -0 )". 1,.,1
<br />iT-, :3 r-~ _<::1
<br />C) I >)0.
<br />(f) (0
<br /> .--- ^
<br /> J:..
<br /> C) .......... ..........
<br /> W Gn
<br /> Gn
<br />
<br />DEED OF TRUST
<br />
<br />THIS DEED OF TRUST is made on this 7th day of June, 2007. The Trustor (whether
<br />one or more) is Bighorn Enterprises, L.L.C., whose address for purposes of notices in respect to
<br />this Deed of Trust is 3024 Bighorn Place, Grand Island, NE 68803 and is sometimes herein
<br />identified as Borrower. The Trustee is Arend R. Baack, Attorney at Law and member of the
<br />Nebraska State Bar Association, whose address is 104 N. Wheeler, P.O. Box 790, Grand Island,
<br />NE 68802-0790. The Beneficiary is HASTINGS VENTURES, L.L.C., a Nebraska limited
<br />liability company, whose address for purposes of notification under this Deed of Trust is 429
<br />Industrial Lane, Grand Island, NE 68803 and is sometimes herein identified as Lender.
<br />
<br />BORROWER IRREVOCABL Y CONVEYS TO TRUSTEE, IN TRUST, WITH
<br />POWER OF SALE, THE FOLLOWING:
<br />
<br />Lot Eight (8), Block Two (2), Woodland Park Fourth Subdivision, in the City of
<br />Grand Island, Hall County, Nebraska;
<br />
<br />together with all buildings, improvements, fixtures, streets, alleys, passageways, easements,
<br />rights, privileges and appurtenances located thereon or in anywise pertaining thereto, and the
<br />rents, issues and profits, reversions and remainders thereof, and such personal property that is
<br />attached to the improvements so as to constitute a fixture, including, but not limited to, heating
<br />and cooling equipment and together with the homestead or marital interests, if any, which
<br />interests are hereby released and waived, all of which, including replacements and additions
<br />thereto, is hereby declared to be a part of the real estate secured by the lien of this Deed of Trust
<br />and all of the foregoing being referred to herein as the "Property".
<br />
<br />This Deed of Trust secures the total sum of Thirty Four Thousand Five Hundred Dollars
<br />($34,500.00) as evidenced by Borrower's Deed of Trust Note of even date herewith (hereinafter
<br />referred to as "Debt") which has a stated maturity date of June 7, 2008. This Debt shall include
<br />any and all modifications, extensions and renewals thereof or thereto and any and all future
<br />advances and re-advances to Borrower (or any of them if more than one) hereunder pursuant to
<br />one or more promissory notes or credit agreements (herein called "Note").
<br />
<br />This Deed of Trust secures to Lender the Debt evidenced by said Note, the payment of all
<br />other sums, with interest, advanced under the provisions hereafter to protect the security and the
<br />performance of Borrower's covenants and agreements.
<br />
<br />Borrower covenants that Borrower is lawfully seised of such real estate and has the legal
<br />power and lawful authority to convey the same and warrants and will defend title to the real
<br />estate against the lawful claims of all persons.
<br />
<br />BORROWER AND LENDER AGREE AS FOLLOWS:
<br />
<br />1. Borrower shall pay when due, the principal and interest as provided in said Note.
<br />
<br />2. All payments received by Lender shall be first applied to advances that may have been
<br />made by Lender and then to interest due and last to principal due.
<br />
<br />3. Borrower shall pay all general real estate taxes and special assessments against the
<br />Property before the same become delinquent.
<br />
<br />4. Borrower shall keep the improvements on said Property insured against loss by fire
<br />and hazards included with the term "extended coverage" for their insurable value and policies for
<br />the same shall include a standard mortgage clause showing Lender herein. In event of loss,
<br />Lender may make proof of loss if not promptly made by Borrower. Insurance proceeds shall be
<br />applied to restoration or repair of the Property damaged, unless both parties otherwise agree,
<br />except if restoration or repair is not economically feasible or Lender's security is not lessened,
<br />otherwise said proceeds shall be paid on the debt herein, whether or not then due.
<br />
<br />1
<br />
<br />~i
<br />~Gr
<br />-.....1 ~-
<br />C)
<br />
<br />.J:
<br />
<br />~i
<br />NZ
<br />o
<br />
<br />--
<br />
<br />~
<br />.~ ~
<br />
|