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. 99 111093 <br /> Trustee: Anna L. Stehlik <br /> Attorney at Law(#15621) <br /> P.O. Box 609, 12th and Brentwood <br /> Hastings, NE 68902 <br /> Beneficiary: Morrison Enterprises <br /> P.O. Box 609, 12�'and Brentwood <br /> Hastings, NE 68902 <br /> Consideration: Purchase of Real Estate and Construction <br /> Of Improvements thereon- $600,000.00 <br /> Trustor, in consideration of the sum of $600,000.00, receipt of which is hereby <br /> acknowledged, conveys to Trustee, in trust, with power of sale, the following described <br /> real estate (as defined in Neb. Rev. Stat. § 76-201) described on Exhibit A attached to <br /> and made a part of this Trust Deed: <br /> This is a Purchase Monev Trust Deed <br /> All of the real estate described on Exhibit A attached to this Trust Deed is referred <br /> to in this Trust Deed as the"Property". <br /> Trustor covenants that Trustor is lawfully seised of such Property and that it is <br /> free from encumbrance, subject, however, to patent reservations, existing roads, any <br /> outstanding oil and gas or other mineral leases, and to existing easements of use or of <br /> record; that Trustor has legal power and lawful authority to execute this Trust Deed; and <br /> Trustor warrants and will defend title to the Property against the lawful claims of all <br /> persons. <br /> Trustor and Beneficiary covenant and agree as follows: <br /> 1. Payment of Note. Trustor shall promptly pay when due the principal of and <br /> interest on the debt evidenced by this Trust Deed and Promissory Note dated <br /> February 15, 1999, the last installment of which is due April 14, 2000, together <br /> with all sums advanced by Beneficiary to protect the Property, with interest <br /> thereon at the default rate provided in the Promissory Note. <br /> 2. T�es & Assessments. Trustor will pay all real estate taxes levied on the <br /> Property, including any tax levied on the debt secured hereby, when they become <br /> due and before they become delinquent. <br /> 3. Insurance. Trustor shall maintain hazard insurance, at least on 80% fire and <br /> extended coverage on the replacement value of the improvements on the <br /> premises, or its equivalent, with mortgage clause providing loss payable to the <br /> parties as their respective interests may appear on and after this date, until such <br /> time as the entire debt secured hereby is paid in full. In case of loss under any <br /> such policy, Beneficiary is authorized to adjust, collect and compromise all claims <br />