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<br />Retum to: Denise Myers
<br />611 N. Diers Ave., Ste 1 ��
<br />Grand Island, NE 68803 �O
<br />TRUST DEED
<br />THIS DEED C?F TRUST is made on August 31, 2011. The Trustor is Tophat Properties,
<br />L. L.C., a Nebraska Limited Liability Company, (hereinafter "Borrower'�. The Trustee is Dernse D.
<br />Myers, Attomey at Law, of Myers & Daugherty. P.C., L.L.O., 611 N. Diers Ave., Ste. 1, Grand
<br />Island, Nebraska 68803, ("Trustee"}. The beneficiary is J 8� B Rentals, L.L.C., a Nebraska Limited
<br />Liability Company, 1611 N. St. Paul Road, Grand Island, NE 68801, (hereinafter "Lender"}.
<br />Borrower owes Lender the principal sum of Twenty Nine Thousand Eight Hundred Twenty and
<br />34/100 Dollars ($29,820.34). This debt is evidenced by Borrower's note dated the same date as
<br />this Security Instrument ("Note"), which provides for payment of principal, plus accrued interest
<br />in monthly payments. The Deed of Trust (sometimes referred to herein as "security instrument'�
<br />secures to Lender. (a} the repayment of the debt evidenced by the Note, and all renewrals,
<br />e�ctensions and modifications; (b) the payment of all other sums advanced under paragraph 4 to
<br />protect the security of this Security Instrument; and {c} the performance of Borrowe�'s covenants
<br />and agreements. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust,
<br />with power of sale, the following described property located in Hall County, Nebraska:
<br />Part of Lot Thirteen (13), of the Caunty Subdivision of the UVest Half of the
<br />Southwest Quarter (1N1/2S1N1/4) of Section Fifteen {1�) in Township Eleven (11)
<br />North, Range Nine (9) VNest of the 6�' P.M., in Hall County, Nebraska, more
<br />particularly described as follows: Commencing at a point on the South line of
<br />Charles Street, 417 feet East of the East line of Locust Street, in the City of Grand
<br />Island, Hall County, Nebraska; running thence East along and upon the South line
<br />of Charles Street for a distance of 54 feet; thence South at nght angles for a
<br />distance of 65 feet to the South line of said Lot Thirteen (13); thence West on the
<br />South line of Lot Thirteen (13) of said County Subdivision for a distancs of 54 feet;
<br />thence North at right angles for a distance of 65 feet to the place of beginning.
<br />TOGETHER VVITH all the improvements now or hereafter erected on the property, and all
<br />easements, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water
<br />rights and stock and all fixtures now or hereafter a part of the property. All replacements and
<br />additions shall also be covered by this Security Instrument. All of the foregoing is referred to in
<br />this Security Instrument as the "Property".
<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed
<br />and has the right to grant and convey the Property and that the Property is unencumbered.
<br />Borrower warrants and will defend generally the t�tle ta the Property agamst all claims and
<br />demands, subject to any encumbrances af record.
<br />COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal; Prepayment and Late Charges. Barrower shall promptly pay
<br />when due the principal on the debt evidenced by the Note and any prepayment and late charges
<br />due underthe Note. Prepaymentof principal orany partthereof, shall be allowed withautthe pnor
<br />written consent of Lender.
<br />2. Charges; Liens. Barrower shall pay all real esta4e taxes and assessments attributable
<br />to the Property which may attain priority over this Security Instrument, and leasehold payments
<br />or ground rents, if any.
<br />Borrower shalt promptly discharge any lien which has priority over this Security
<br />Instrument unless Borrower. (a) agrees in writing to the payment of the obligat�on secured by the
<br />lien in a manner acceptable to Lenders; (b) contests in good faith the lien by, or defend agamst
<br />enforcement of the lien in, legal proceedings which in the Lender's opinion operate to prevent the
<br />enforcement of the lien or forfeiture of any part of the Property; or (c) secures from the holder of
<br />the lien an agreement satisfactory to Lender subordinating the lien to this Security Instrument. If
<br />Lender determines that any part of the Property is subject to a lien which may attain priority over
<br />
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