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<br /> THIS TRUST DEED made this � dny of klay, 1998, between
<br /> LARI�Y G. GIHREJ►L, I► Sinqle Person, as TRUSTOR, whose w�d L=� �� �
<br /> 1523 S. Sylvan ,�5, Grand Islnnd, Nebraska 68801; \�
<br /> �'RAN�IS� A Memb�r of the Nebraska Stnte Ba�r Assaciation, as
<br /> �,!2USTEE, whose address is 222 N. Cedt�r Street, P. O. Box 2280, \
<br /> Grand 3alaad, Nebra�ska 68802; and PHILIP 8. HAZEN and ARLENE E.
<br /> HAZ�N, Co-Trustees crf the H��sn Fama.ly Trust, of 1204 W. Louise,
<br /> �ramnd Island, Ne�ka�-as�Ca �•E8��1, kn�reinafter ref��red to as
<br /> B�N��'ICIARIES. . ,
<br /> � WITNESS���H: � -,--
<br /> � ��Sat TR'USTOR h�r.eby grants, bargains; sel�.t, conveys and
<br /> war�a'Ats �m tbe TRUS�.°FE� Y�t TRUST, hia succesaors ar�d �assigns, with .
<br /> � � � ��,G� nf ����a.; the followir��t�described rea�. ;��operty:
<br /> � Lat Seven (7), Blcck �3s:�en {1�a, H.�. �C1t�rk's Additica� `:;i ., r�.
<br /> � to t he Ci t y o� Grand Island, Ha�i County, Nebra�ska, . , ,
<br /> together with all buildings, improvements and appurtennnces
<br /> therean.
<br /> The TRUSTOR hersby covenants and aqrees wi.th the TRUSTEE and
<br /> BENEFICIARIES thAt LARRY G. GIBRE�I, ie lawfully eoizQd and thg
<br /> owner of xhe above-de�ccribed proparty; that he ha� good ri�ht and
<br /> law�ul authority to sell and convey the premises and tha�t s�id
<br /> - prerni�es are frae and clear of all lisns and encumbrances, aAd
<br /> � furth�r, that TRUSTOR will warxAnt dnd defend the �itls to said
<br /> premises forever agai.nst the claims of all pereons whomsoever.
<br /> For the purpose of securing performanca of each aqreemeat ot
<br /> _ TRV9TOR heroin contained nnd th� payment of SIX'1'Y-THRBE TH4i7SEND'
<br /> ` THFtgE EIUNDRED EIGHTY-EIGHT DOLLI►RS ($63,388.00), the TRUSTOi� �utat
<br /> } executed a Promissor.y Note bedring even dat�, at the rate nf
<br /> � intereat and an �he terms and conditions ae set forth in such Note
<br /> � until paid. The principol sum and interest sha►11 be pag�ble in
<br /> � accorddnce with and upon the terms and conditions of said lto�e oiE
<br /> ; even dni�e, and in any event the entire principa�l balartce due
<br /> � hereunder and any accrued interest shall be paid on Nove�ber 1,
<br /> 2009. All inete+llment payments hereunder shnll be appli u���nt to
<br /> � the payment of interest computed on the unpnid balance, p
<br /> ; an Amortization Schedule, a copy of which h�s been provid�dlto ench
<br /> of the parties hereto, and the remaindar of each pnyment of Qach
<br /> ; installment to be applied to principr►l. �►11 payments dua hereunder
<br /> -� ofasaid�aecurity shalledesignatefinhwritNngICII►RIES ar th� holder
<br /> , It is agreed by and between the paxties hereto that while
<br /> � ..:..,s �e vo�tRd in the TRUSTEE snd until filinq of Notice of
<br /> �.s v..� ►
<br /> . Defeult, the TRUSTOR shall:
<br /> A be�otihex'�wise aq�ce d �ry the parties in1 r tinq. e��@pt as may
<br />— B. Ma:intain the bu.�2d3.n�r� and its� impravement� and all personal
<br /> prop�.rty sald und�r �he paxties' Cantzact for Sale af Real
<br />— Bs�ate, in qood condi�ic�n anri repg�.r.
<br /> C . pey all general and special. taxes and all special assesa�xents
<br /> of every kind levied or assessed aqainst or due upon sa►id
<br /> property before delinquency, anen�o�f�$uchrtaxes���gICI�IBS
<br />:� copies of receipts showinq paym
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