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<br />CUNNINGHAM, BLACKBURN, FRANCIS,
<br />BROCK & CUNNINGHAM
<br />ATTORNEYS AT LAW
<br />P.O. BOX 2280
<br />GRAND ISLAND, NE 68802
<br />Deed of Trust
<br />together with all improvements and appurtenances thereon.
<br />DEED OF TRUST
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<br />THIS TRUST DEED made this "( day of December, 2012, between DOUGLAS M. WESTERBY and
<br />MIKAELA N. WESTERBY, husband and wife, as TRUSTORS, whose address is 3620 Catfish, Grand Island, NE
<br />68801; JOHN M. CUNNINGHAM, a member of the Nebraska State Bar Association, as TRUSTEE, whose address is
<br />--'+ 222 N. Cedar St., Grand Island, NE 68801; and WILLIAM L. GULZOW and MARY GULZOW, husband and wife, as
<br />joint tenants with right of survivorship, not tenants in common, whose address is 2312 Viking Ct., Grand Island, NE
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<br />68803, as * *BENEFICIARIES.
<br />r 1 WITNESSETH:
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<br />That TRUSTORS hereby grant, bargain, sell, convey, and warrant to TRUSTEE, IN TRUST, their heirs,
<br />'g devisees, personal representatives, successors and assigns, with power of sale, the following- described real property:
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<br />Lot One (1), Block Seventy-Seven (77), Original Town, Grand Island, Hall County, Nebraska
<br />The TRUSTORS hereby covenant and agree with the TRUSTEE and BENEFICIARIES that they are lawfully
<br />seized and the owners of the above described property; that they have good right and lawful authority to sell and convey
<br />said premises and that said premises are free and clear of all liens and encumbrances, and further, that TRUSTORS will
<br />warrant and defend the title to said premises forever against the claims of all persons whomsoever.
<br />For the purpose of securing performance of each agreement of TRUSTORS herein contained and the payment
<br />of Seventy-Five Thousand and 00 /100 Dollars ($75,000.00), the TRUSTORS have executed a Trust Deed Note bearing
<br />even date, at the rate of interest and on the terms and conditions as set forth in such Trust Deed Note until paid. The
<br />principal sum and interest shall be payable in accordance with and upon the terms and conditions of said Trust Deed
<br />Note of even date, and in any event the entire principal balance due hereunder and any accrued interest shall be paid on
<br />January 1, 2018. All payments due hereunder shall be paid at the address of the BENEFICIARIES as above described,
<br />or at such other place as such BENEFICIARIES or the holders of said security shall designate in writing. All
<br />installment payments hereunder shall be applied first to the payment of interest on the unpaid balance, pursuant to the
<br />Amortization Schedule, a copy of which has been provided to each of the parties hereto, and the remainder of each
<br />payment of such installment to be applied on principal.
<br />It is agreed by and between the parties hereto that while title is vested in the TRUSTEE and until filing of
<br />Notice of Default, the TRUSTORS shall:
<br />A. Retain possession of the property at all times, except as may be otherwise agreed by the parties in
<br />writing.
<br />B. Maintain the residence and any other improvements located on the real property in good condition
<br />and repair.
<br />C. Pay all general and special taxes and all special assessments of every kind levied or assessed against
<br />or due upon said property before delinquency, and to deliver to BENEFICIARIES copies of receipts
<br />showing payment of such taxes each year.
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