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<br />THIS TRUST DEED made this � day of �, , 2012, between William
<br />Scott Van Wie and Jana Gay Van Wie, Husband and Wife, referred to as TRUSTORS, whose
<br />address is Grand Island, Hall County, Nebraska; and William A. Francis, A Member of the �� �,�'
<br />Nebraska State Bar Association, as TRUSTEE, and Ronald E. Lukesh and Jean L. Lukesh,
<br />Husband and Wife, of 4548�' Ave., Palmer, Nebraska, hereinafter collectively referred to as
<br />BENEFICIARIES.
<br />WITNESSETH:
<br />T'hat TRUSTOR hereby grants, bargains, sells, conveys and warrants to TRUSTEE, Il�1
<br />TRUST, his successors and assigns, with power of sale, the following-described real property:
<br />Lots Seven ('n and Eight (8), Block Two (2), Packer and Barr's Addition to the
<br />City of Grand Island, Hall County, Nebraska, more commonly known as 1924
<br />West 6 Street, Grand Island, Nebraska,
<br />together with all buildings, improvements and appurtenances thereon.
<br />The TRUSTORS hereby covenant and agree with the TRUSTEE that TRUSTORS are free
<br />and clear of all liens and encumbrances except for the currently existing first mortgage indebtedness
<br />to Equitable Bank that was created by BENEFICIAR�S, and further that TRUSTORS will warrant
<br />and defend the title to said premises forever against �the claims of a11 persons whomsoever.
<br />For the purpose of securing performance of each agreement of TRUSTOR herein contained
<br />and the payment of 5eventy Six Thousand Five Hundred DOLLARS ($76,500.00), the
<br />TRUSTORS HAVE executed a Promissory Note bearing even date, at the rate of interest and on
<br />the terms and conditions as set forth in such Note until paid. The principal sum and interest sha11 be
<br />payable in accordance with and upon the terms and conditions of said Note of even date, and in any
<br />event the entire principal balance due hereunder and any accrued interest sha11 be paid on or before
<br />September 1, 2018. All installment payrnents hereunder sha11 be applied first to the payrnent of
<br />interest computed monthly on the unpaid balance, pursuant to the Amortiza.tion Schedule, a copy of
<br />which has been provided to each of the parties hereto, and remainder of each payment of each
<br />installment to be applied to principal. All payrnents due hereunder sha11 be paid at the residence of
<br />the BENEFICIARIES or as the holder of said security sha11 designate in writing.
<br />It is agreed by and between the parties hereto that while title is vested in the TRUSTEE and
<br />until filing of Notice of Default, the TRUSTOR shall:
<br />A. Retain possession of the property at all times, except as may be otherwise agreed by the
<br />parties in writing.
<br />B. Maintain the building and its improvements and a11 personal property sold under the
<br />parties' Contract for Sa1e of Real Estate, in good condition and repair.
<br />C. Pay a11 general and special taxes and all special assessments of every kind levied or
<br />assessed against or due upon said property before delinquency, and to deliver to
<br />BENEFICIARIES copies of receipts showing payrnent of such taxes.
<br />D. Procure and maintain policies of a11-risk insurance on said improvements, in sums and
<br />underwritten by companies acceptable to the BENEFICIARIES, in an amount of at least
<br />Seventy Six Thousand Five Hundred Dollars ($76,500.00), which policies shall name the
<br />BENEFICIARIES as additional insured(s), with the loss proceeds payable to the parties as
<br />their interests may appear hereunder. TRUSTORS agree to provide BENEFICIARIES
<br />with copies of such policies or certificates of insurance during the term of this
<br />indebtedness, which policies of insurance may not be cancelled by said carrier without
<br />fifteen (15) days written notice to BENEFICIARIES.
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