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� � �� � �� N � 0 � � �� 0 � � = N m = � � � � �� � Return to: CUNNINGHAM, BLACKBURN, FRANCIS BROCK & CUNNINGHAM P.O. BOX 2280 GRAND ISLAND, NE 68802 DEED OF TRUST � C f°1�� �� • �.� �� DEED OF TRUST S� A r r �-. . c� r - ,- - o �. .,� tA _ ' "� -- i� � �. _,. -a r� :� �-' �i � c� `�� . _ `.' � �'-- � r L ��_ r W O - 1r7 � h--� �''J r_ -^.) � O H N O � N O � �, � D � THIS TRUST DEED made this �� day of 2012, between James Rennau and Maureen Rennau, Husband and Wife, of ood River, all County, Nebraska, as TRUSTOR, and William A. Francis, A Member of the Nebraska State Bar Association, as TRUSTEE, and Joseph O. Knight and Dorothy K. Knight, Co-Trustees of the Dorothy K. Knight Living Trust, collectively referred to as BENEFICIARIES. 1�.��MII�I�I.X��*A That TRUSTOR hereby grants, bargains, sells, conveys and warrants to TRUSTEE, IN TRUST, his successors and assigns, with power of sale, the following-described real property: The West �wg�Five (25) feet af Lot thr�e (3) and all of Lot Four (4), Block Four (4), '�arshall's AddiHon to the City of Wood River, Hall County, Nebraska together with all buildings, improvements and appurtenances thereon. The TRUSTOR hereby covenants and agrees with the TRUSTEE that TRUSTOR is lawFully seized and the owner of the above-described property; that he has good right and lawful right and authority to sell. TRUSTOR will warrant and defend the title to said premises forever against the claims of a11 persons whomsoever. For the purpose of securing performance of each agreement of TRUSTOR herein contained and the payment of Fifty Thousand DOLLARS ($50,000.00), the TRUSTOR has executed a Promissory Note bearing even date, at the rate of interest and on the terms and conditions as set forth in such Note until paid. The principal sum and interest shall be payable in accordance with and upon the terms and conditions of said Note of even date, and in any event the entire principal balance due hereunder and any accrued interest sha11 be paid on or before April 1, 2013. All installment payments hereunder sha11 be applied first to the payment of interest computed monthly on the unpaid balance, pursuant to the Amortization Schedule, a copy of which has been provided to each of the parties hereto, and remainder of each payment of each installment to be applied to principal. All payments due hereunder shall be paid at the residence of the BENEFICIARIES or as the holder of said security sha11 designate in writing. It is agreed by and between the parties hereto that while title is vested in the TRUSTEE and until filing of Notice of Default, the TRUSTOR shall: n � O �--1 c n z -+ -� m � o O �l � I D w r �� r n Cn � v cn� cn L �■ �: `;s. : � s: A. Retain possession of the property at a11 times, except as may be otherwise agreed by the parties in writing. B. Maintain the building and its improvements and a11 personal property sold under the parties' Contract for Sale of Real Esta.te, in good condition and repair.