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<br /> DEE�1 O! TR176T Q�
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<br /> THIS TRUST DEED made this .?9�h'" day of �����`� � 19 , �
<br /> between SUSAN A. MAYHEW and C.1►RL MAYHEW, Wife and Husband, as �
<br /> TRUSTORS, whose address is Grand island, Nebraska; WILLIAM A. �a,
<br /> FRANCI3, A Member of the Nebraska State �ar Association, as
<br /> TRUSTEE, whose address is 222 N. Cedar Street, P. 0. Box 2?.80,
<br /> G�and Island, Nebraska 68802; and BARBARA A. FOWLE and L.ARRY W•
<br /> FOWLE, Wif� and Husband; JOANNE J. CHODX and SYbVESTER CHODY, Wife
<br /> and Husbn�nd; all here3nafter cnllectively referr�d to as
<br /> SENEFICIARIES, in proportion to their re�spective ownership
<br /> interest.
<br /> WITNESSETH:
<br /> Th�.t T.°.LTemr�p� rArpt,q c�rant, bargain, sell, c�nyey and warrant
<br /> to TRUSTEE, IN TRUST, his successors and assiqns, with pnwer of
<br /> sale, the following-described real property:
<br /> One Half eofe the 1 Ea.st r One-Half � (E1/2 3 El/2)f and E�he
<br /> Easterly Six Feet (E 6' ) of �he West One-Half of the East
<br /> One-Half (W1/2 E1/2), all being in Block Fift�en (15), in
<br /> Windolph' s Addition to the City of Granrl Island, Hall.
<br /> County, Nebraska,
<br /> together with all buildinqs, improvem�n�s and appurtenances
<br /> thereon.
<br /> The TRUSTORS he�eby covenant and agree with the TRUSTEE and
<br /> BENEFICIARI.ES that they are lawfully seized and the owner of the
<br /> above-described property; and that they esecute this Deed of Trust
<br /> as her spouse for purposes of conveyinq and pledginq his spousal
<br /> interest in the above d�scxibed property; that they have good riglit
<br /> and lawful authority to sell aiid convey said premises and that said
<br /> premises are free and clear of all liens and encumbranees, and
<br /> further, that TRUSTORS will warrant and defend the title to said.
<br /> premises forever against the claims of all persons whomsoever.
<br /> For the purpo�e of securing performance of eaah agreement of
<br /> TRUSTORS herein c�r�tained and the payment of SIXTEEN THOUSAND
<br /> DOLLARS ($1",000.00), the TRUSTORS have executed a Promissory Note
<br /> bearing even date, at the rate of int�rest and. on the terms and
<br /> conditions as set forth in such Note until paid. The principal jum
<br />� and i�terest shall be payable in accordance w:i±!! ?.^.� 4�+n the terms _
<br />- and conditions of said Note of even date, and in any event the
<br /> � entire principal balar_ce aue hereunder and ang accrued interest
<br /> shall be paic3 on December 15� 2003. All installment payments
<br /> = hereunder shall be applied first to the payment ot in�terest
<br /> - ..,,«o.� anni�allv on the unpaid balance, pursuant to an
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<br /> k' amarti�atian schedul�, a copy of whict� has been provi entL ofdceach
<br /> the parties hereto, and remainder of each paym
<br /> instal2ment �o be applied to principal. All payments due hereunder
<br /> sha].1 be paid �t the residence of the BENEFICIARIES or the h�lder
<br /> of said security shall designate in writing.
<br /> It is agreed by and between the parties hereto that while
<br /> � title is vested in the TRUSTEE ana ttntil. filing of ttotice of
<br /> ; Default, the TRUSTORS shall: �'.
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