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<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
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