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<br /> nE�D Q� _� 98—ios�rs
<br /> THIS TRUST DEED made this �_ d�►y o� Mny, 1998, betweea TxM ( i�
<br /> C. PLATE, A Single Person, ds TRUSTOR, whosa address is 2608 Old �
<br /> Fair Road, Grdnd Island, Nebraekm 68803; WILLII�!! 11. FRaliCIS, A ���Gy
<br /> Member of the Nebraska Str�te Bar Association, as TRUSTEB, whose
<br /> address is 222 iv. Cedar Street, P.O. Hox 2280, Grand Island,
<br /> Nebraska 68802; and DAVID WETHERILT and 3U3AN WETHERILT, Husband
<br /> �nd Wife, ae joint owners with rights of �urviv�rship, all
<br /> hereinafter collectively referred to as BENEFICIARIES.
<br /> WITNES3ETH:
<br /> That TRUSTOR hereby qrants, barqains, sells, conveys and
<br /> warrante to TRUSTEE, IN TRUST, his successors and dssic�n�, with
<br /> power of sale, the following-described reel property:
<br /> �,o�ce aix��sn (15� an� ��:'°=�t°pT1- (?�� : of slock Three (3 j ,
<br /> Southern Acres Addition, to Gr.and I�land, �Idll County,
<br /> Nebreska,
<br /> ... a ..,....rron,.rraa
<br /> tOq8th8L' W�.th all bullCtlnqs� iuiyi:vvaaucia..o .::� -rr--------
<br /> therson.
<br /> The TRUSTOR hereby coveriants and aqzees with the �RUSTEE and
<br /> BENEFICIARIES that TIH C. PLATE is lawfully seiz�d nnd the �wner af
<br /> the above-described property; that he has qood right and lawfu�. .
<br /> authority to sell and conv�y said premises and that said prentises .
<br /> are free a�d clear of all liens and encumbrances excepting only a
<br /> First beed of TrusL to Equitable Buildinq and Loan 1►�ciatio�hat
<br /> Grand Island, Nebraska, in a maucim�+e sum of $ 2 Jo�. �
<br /> TRU3TOR w�.11 warrant and defend the title to sa d prem see forever
<br /> ' agninst the claim of all persans.
<br /> For the purpase of securinq performance of ea�h agr@ement of
<br /> TRUSTOR herein cnntained an.d tha payme�nt of THIRTY•-�SEV�I7 THOU31►ND
<br /> FIVE HUNDRED DOLLI►RS ($37,500.00) , the TRUSTOR has e�tecuted a:
<br /> Promissory Note bearing even dm�e, at the rate of interest and on
<br /> the terms and conditions as set farth in such Note until paid. �he
<br /> principal aum and interest shall be payable iii accordanc� with and
<br /> upon the terms and conditions of said Note of even date, and in any
<br /> event the entire principal balance due hereunder �nd any accruad
<br /> interest shall be psi� on ,7une 1, 2003. All installment paymet�ts
<br /> hereunder shall be applied first to the payment of Lnter�st
<br /> computed on the unpaid balance, pursuant to an Amortization
<br /> ScYiedule, a copg c+f wh3ch hus be�n provided to each of the partie:�
<br /> he.reto, and remsi�der of each payanent of each i�stall�cr:ent to he
<br /> thelresidence of1the�BE EFI I�TES or the holder f aid eecurity
<br /> shall designate in writinq.
<br /> ,_ _ __.� s... ....a ti,et�soon the narties heseto th�t Wh�l@
<br /> 1L 1Lf aajicvv �+j �
<br /> ..,�,.. :� ;,°a±o�a i n the�TRU3TEE and until filing of Notice of
<br /> Vi�riv +.
<br /> Default, the TRl'JSTOR shall:
<br /> A. Retain possession of the property at all times, except as may
<br /> be otherwise agreed by the parties in writ3nq.
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