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<br />DEED OF TRUST
<br />THIS DEED OF TRUST is made as of the 18th day of _January, 2011, by and among Oseka ,� �a��
<br />Homes LLC., whose mailing address is _1709 Meadow Road, Grand Island, NE. 68803 ("Trustor"), �
<br />and Thomas C. Huston, an attorney at law licensed to practice in the State of Nebraska, whose mailing
<br />address is 1900 U.S. Bank Building, 233 South 13�' Street, Lincoln, Nebraska 68508 ("Trustee"), and
<br />Little B's Corporation, a Nebraska corporation, having an address of 4444 W. 13�' Street, Grand Island,
<br />NE. 68803 ("Beneficiary").
<br />FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys, and assigns to
<br />Trustee, in trust, with power of sale, for the benefit and security of Beneficiary, under and subject to the
<br />terms and conditions of this Deed of Trust, the real property located in Hall County, Nebraska, and legally
<br />described as follows:
<br />Lot 3, Block 2, Summerfield Estates 7 Subdivision to the City of
<br />Grand Island, Hall County, Nebraska,
<br />together with all rents, easements, appurtenances, hereditaments, interest in adjoining roads, streets,
<br />alleys, improvements, buildings of any kind situated thereon, and all personal property that may be or
<br />hereafter become an integral part of such buildings and improvements, all crops raised thereon, and all
<br />water and mineral rights.
<br />The Property and the entire estate and interest conveyed to the Trustee are refened to collectively
<br />as the "Trust Estate".
<br />For the purpose of securing:
<br />(a) The payment of indebtedness in the total principal amount of Thirty-
<br />One Thousand Eight Hundred Fifty Dollars and 00 / 100
<br />($31,850.00), as evidenced by that certain promissory note of even date
<br />herewith (the "Note") executed by Trustor, which has been delivered and
<br />is payable to the order of Beneficiary, and which by this reference is
<br />hereby made a part hereof, and any and all modiflcations, extensions, and
<br />renewals thereof; and
<br />(b) Payment of all sums advanced by Beneficiary to protect the Trust Estate,
<br />with interest thereon at the default rate provided in the Note.
<br />(c) Performance of all of Trustor's obligations under the Purchase
<br />Agreement entered into by and between Trustee and Beneficiary and
<br />dated as of the 18th day of January, 2011 (the "Purchase Agreement").
<br />This Deed of Trust, the Note, the Guaranty Agreement of even date herewith, and any other
<br />instrument given to evidence or further secure the payment and performance of any obligation secured
<br />hereby are referred to collectively as the "Loan Instruments".
<br />To protect the security of this deed of trust:
<br />2. Payment of Indebtedness; Covenant of Title.
<br />�a)
<br />(b)
<br />{L0550262.1 }
<br />Trustor shall pay when due the principal of, and the interest on, the
<br />indebtedness evidenced by the Note, charges, fees, and all the sums as
<br />provided in the Loan Instruments.
<br />Trustor hereby covenants with Beneficiary that Trustor is lawfully seised
<br />of the property hereby conveyed, that Trustor warrants and will defend
<br />the title to the Property against the lawful claims of all persons
<br />whomsoever, that Trustor has the right to grant and convey the Property,
<br />
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