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<br /> THIB TRUST D�BD lllad� thl.s _� dsy o! S�pt.�llbes'r 1��3,
<br /> b�tv��n LO�illi8 D. D11VI8, o! 1609 Rcb�rta 11va►u�, arand Ioland,
<br /> H�braska 66801, as TittJBTOR. sn4 PJ1TRiCK A. HAOCiC• Za� H. C�•
<br /> GrAnd isiand, �i�bras]ca, �i 1l��r o! th� N�brarka Stat.� HS �
<br /> Assoaiation, as TRT)BTEB, and �i�1RY L. PEDBR88N u�� � •
<br /> F PBDffit88N, Husband and Wite, as Joint T�nants, hsr�inatt�r ��t�rs�d
<br /> �, , � ,, ..
<br /> � tp as 88NBFICIIIRIBB.
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<br /> ""�';��:�';'"''�Y', Tliat TROSTOR hsroby graa�s, barqains, a�ll!�, aonv�ya and
<br /> ' `� �.�� • • wnrrasits t,o TR08T8E, IN TAUf3T, t.hoir auaaessors and aosiqrw, wi,th
<br /> � " �:rst�:+�:d
<br /> �,. :,"�: .. ;;. por�er o! aals, tho following-daaaribod raal propsrtY:
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<br /> All o! Lot Three (3) s�nd the Narthorly 15.5Z� a! Lot cur
<br /> . ',���, ,:!:�;'-%•':,� . _ "`� (4) Wolle�s Subdivision to the Cl.ty ot Grand I�land,
<br /> ��,!' . ��.:.4°• Hell County, ldebr�ska,
<br /> , ^ `f�'�� together with all fntereat that the TROSTaR now has or maY
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<br /> • . "`-;''"' "":..• ` hersalter acquire in �nd to s�id propsrty and in and to (a) all
<br /> �� .`: ,���"'`.6���..�"����-s I. aasements and riqhts o� way appurtenant thereto and (b) all
<br /> ��4. � buil8ings, struaturee, improvements, =ixturea, equipmeat,
<br /> '. � .,�.�'',. , . "' ' ,`. furnishinqs and appurtenanaes now or attor placad tharoon and aa
<br /> ��'':�;��:f� � � •� deearibed in the Offer to Purahase Real Estate as exeauted betwaen
<br /> :1 t.•y,;.� ., the �tUBTOR and BENBFICIARIEB. The TROSTOR agrees to exeautA and
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<br /> doliver, f�om time to time, suah Purther inf�truaenS� aa �ay 1�
<br /> ' �' �`` � � � � requeated by the BENEFICIARiES to aonfirm the lien ot tt►ia Doad o!
<br /> , .. j, .. ��,:
<br /> ; � . i�• '. � ,,, , Trust on any of the a�orementioned property. The property so
<br /> �'���1-+:�i� aonveyed hereundar is hereinafter referred to aa the "proporty".
<br /> t� ; � •�..�: �.
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<br /> 4 �� '�' • The TRUf3TOR hereby covenants and agrees with the TRITSTEE that
<br /> �' � they are lawfully seised an�9 the ownere of the above-desaribed
<br /> fi�'• ' , propertyt that TRUSTOR wili warrant and defend tha title to said ,1V
<br /> ., ,� � • premises forever againat the claims of all peraons whomeoevar.
<br /> :� .
<br /> �;.� � gor the purp�se of securing perfor�aance of each agreement of
<br /> ���� TRUSTOR herein contained and the payment of EIGHTY THOUSAND DOLL11R8
<br /> ' . '�`°''`' '. ($80,000.00) , the TRU3TOA has exeauted a Promissory Note bearinq
<br /> ; � �� •T���:�`+� even date, at the rate of interest and on the terms and aonclit3ons •�
<br /> '''`'"�"•� as set forth in such Note until paid. The prinaipal sum and :T�
<br /> '� interest shall be payable in aacordanae wifi.h and upon the tormn and F „ .
<br /> � conditions of said Nots of even date, and in any event the entire t .
<br /> �S .. . prinaipal balance due hereunder and any accrued interest shall be �
<br /> paid in full on or bafore September 5, 1998. Ali installment � .
<br /> � payments hereunder shall be applied first to the paymenfi of �:•..-
<br /> � r�. interest aomputed annually on the unpaid balance, pursuant to ths
<br /> � " ;:`��`''�'°` � torms af the note, a copy of which has been provided to eaah of the
<br /> �': . �.
<br /> ;• ' .
<br /> ;�,;.�:. � �;�:,,.,.,� parties hereto, and remainder of each payment oP eaah inatallmen S,
<br /> .'� ��• . : �'r;. to be applied to principal. All payments due hereunder shall bs �
<br /> � " paid at the residenae of the BENEFICIARIES or ae the holder of said
<br /> ti : p. seaurity shall designate in writing. ;
<br /> , f; .�:. .
<br /> t`4 � It ie agreed by and between the parties hereta that while �
<br /> ;� ; : � title is vested in the TRUSTEE and until f il3ng of Notiae of .
<br /> : Default, the TRUSTOR shall:
<br /> . ' � A. Retain possession of the property at all times, exaept as may
<br /> ;�-_ . be otherwise agreed by the parties in writing. .
<br /> '�'� _,
<br /> i� � �—��� ' � ;�����. B. Maintain the building and its improvemen�s and aii �:.s��+oi
<br /> �_;_;:�' property sold under the parties' Aqreement for sale of Real
<br /> , � � Est�te, in qood condition and repair.
<br /> ,`�_ ' C. Pay all qeneral and special taxes and all epecial assessments
<br /> I of every kind levied or assessed against or due upon said
<br /> 1 ; • ._ f property before delinquency, and comply with tho provisions of
<br /> ' ti � ' � Paragraph E as hereinafter set forth. .
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