Laserfiche WebLink
Document management portal powered by Laserfiche WebLink 9 © 1998-2015 Laserfiche. All rights reserved.
G"i ,40 <br />o ~ <br />C <br />A <br />r <br />n <br />Z <br />t <br />rn <br />0 <br /> <br />tl N <br />~ <br />M <br />Ul <br />z <br />4 <br />W <br />T <br />Ln <br />D m <br />r -10 <br />00 <br />m <br />r D <br />U) <br />o <br />GJ <br />a <br />D <br />.1 • . <br /> <br />M <br />o <br />`s> <br /><A <br />U > <br />Return to: Denise Myers <br />611 N. Diers Ave., Ste 1 <br />Grand Island, NE 68803 <br />TRUST DEED <br />THIS DEED OF TRUST is made on S t 4 , 2011. The Trustor is JAYNS, <br />L.L.C., a Nebraska Limited Liability Company, (hereinafter "Borrower"). The Trustee is Denise D. <br />Myers, Attorney at Law, of Myers & Daugherty, P.C., L.L.O., 611 N. Diers Ave., Ste. 1, Grand <br />Island, Nebraska 68803, ("Trustee"). The beneficiaries are Donald A. Dubas or Lynda M. Dubas, <br />husband and wife, #33 Lillian Lane, Doniphan, NE 68832, (hereinafter "Lender"). Borrower owes <br />Lender the principal sum of Two Hundred Twenty Thousand and 00/100 Dollars ($220,000.00). <br />This debt is evidenced by Borrower's note dated the same date as this Security Instrument <br />("Note"), which provides for payment of principal, plus accrued interest in monthly payments. The <br />Deed of Trust (sometimes referred to herein as "security instrument") secures to Lender: (a) the <br />repayment of the debt evidenced by the Note, and all renewals, extensions and modifications; (b) <br />the payment of all other sums advanced under paragraph 4 to protect the security of this Security <br />Instrument; and (c) the performance of Borrower's covenants and agreements. For this purpose, <br />Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following <br />described property located in Hall County, Nebraska: <br />Lot Six (6), Mehring & Kelly Subdivision to the City of Grand Island, Hall County, <br />Nebraska. <br />TOGETHER WITH 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 this <br />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 title to the Property against all claims and <br />demands, subject to any encumbrances of record. <br />COVENANTS. Borrower and Lender covenant and agree as follows: <br />1. Payment of Principal; Prepayment and Late Charges. Borrower shall promptly pay when <br />due the principal on the debt evidenced by the Note and any prepayment and late charges due <br />under the Note. Prepayment of principal or any part thereof, shall be allowed without the prior <br />written consent of Lender, provided that Buyer pays a penalty equal to ten percent (10.0%) of the <br />then outstanding principal balance of the loan. <br />2. Charges; Liens. Borrower shall pay all real estate taxes and assessments attributable <br />to the Property which may attain priority over this Security Instrument, and leasehold payments or <br />ground rents, if any. <br />Borrower shall promptly discharge any lien which has priority over this Security <br />Instrument unless Borrower: (a) agrees in writing to the payment of the obligation secured by the <br />lien in a manner acceptable to Lenders; (b) contests in good faith the lien by, or defend against <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 />this Security Instrument, Lender may give Borrower a notice identifying the lien. Borrower shall <br />satisfy the lien or take one or more of the actions set forth above within 10 days of the giving of <br />notice. <br />3. Hazard Insurance. Borrower shall keep any improvements now existing or hereafter <br />erected on the Property insured against loss by fire, wind, or other natural disasters, hazards <br />included within the term "extended coverage" and any other hazards for which Lender requires <br />C~ <br />fV <br />O <br />~a <br />d <br />s <br />w <br />CO <br />ZO-IF <br />1 <br />