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<br />C.11
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<br />THIS TRUST DEED made this 11,ci1 day of U < U L , 2004, between
<br />JEFFREY D. BULIN and KATHY R. BULIN, husband and wife, as TRUSTORS, whose address
<br />is 3509 Schroeder Avenue, Grand Island, Nebraska 68801; JOHN M. CUNNINGHAM, a
<br />member of the Nebraska State Bar Association, as TRUSTEE, whose address is 222
<br />N. Cedar St., P.O. Box 2280, Grand Island, NE 68802 -2280; and DONALD D. JAMES
<br />and BONNIE MAE JAMES, husband and wife, as joint tenants with right of
<br />su ivorsh'p not tenants in common whose address is � O. 30
<br />fro r� c� 1 j ate-, a'. N� (Q �z
<br />as BENEFICIARIES.
<br />WITNESSETH:
<br />That TRUSTORS hereby grant, bargain, sell, convey and warrant to TRUSTEE,
<br />IN TRUST, his heirs, devisees, personal representatives, successors and assigns,
<br />with power of sale, the following- described real property:
<br />Lot One (1), Block Two (2), Westroads Estates Second Subdivision to the
<br />City of Grand Island, Hall County, Nebraska,
<br />together with all improvements and appurtenances thereon.
<br />The TRUSTORS hereby covenant and agree with the TRUSTEE and BENEFICIARIES
<br />that they are lawfully seized and the owners of the above - described property;
<br />that they have good right and lawful authority to sell and convey said premises
<br />and that said premises are free and clear of all liens and encumbrances, and
<br />further, that TRUSTORS will warrant and defend the title to said premises forever
<br />against the claims of all persons whomsoever.
<br />For the purpose of securing performance of each agreement of TRUSTORS
<br />herein contained and the payment of SEVEN THOUSAND FOUR HUNDRED TWENTY -FIVE
<br />DOLLARS ($7,425.00), the TRUSTORS have executed a Trust Deed Note bearing even
<br />date, at the rate of interest and on the terms and conditions as set forth in
<br />such Trust Deed Note until paid. The principal sum and interest shall be payable
<br />in accordance with and upon the terms and conditions of said Trust Deed Note of
<br />even date, and in any event the entire principal balance due hereunder and any
<br />accrued interest shall be paid on September 1, 2009. All payments due hereunder
<br />shall be paid at the address of the BENEFICIARIES as above described, or at such
<br />other place as such BENEFICIARIES or the holders of said securi,:y shall designate
<br />in writing. All installment payments hereunder shall be applied first to the
<br />payment of interest on the unpaid balance, pursuant to the Amortization Schedule,
<br />a copy of which has been provided to each of the parties hereto, and the
<br />remainder of each payment of such installment to be applied on principal.
<br />It is agreed by and between the parties hereto that while title is vested
<br />in the TRUSTEE and until filing of Notice of Default, the TRUSTORS shall:
<br />A. Retain possession of the property at all times, except as may be otherwise
<br />agreed by the parties in writing.
<br />B. Maintain the residence and any other improvements located on the real
<br />property in good condition and repair.
<br />C. Pay all general and special taxes and all special assessments of every
<br />kind levied or assessed against or due upon said property before
<br />delinquency, and to deliver to BENEFICIARIES copies of receipts showing
<br />payment of such taxes each year.
<br />D. Procure and maintain policies of all -risk insurance on said improvements,
<br />in sums and underwritten by companies acceptable to the BENEFICIARIES, in
<br />an amount at least equal to the property's full insurable value, which
<br />policies shall name the BENEFICIARIES as additional insureds, with the
<br />proceeds payable to the parties as their interests may appear hereunder.
<br />TRUSTORS agree to provide BENEFICIARIES with copies of such policies or
<br />certificates of insurance during the term of this indebtedness, which
<br />policies of insurance may not be cancelled by said carrier without fifteen
<br />(15) days written notice to BENEFICIARIES.
<br />E. In the event the TRUSTORS fail or neglect to pay taxes and procure
<br />casualty insurance, all as above set forth, then BENEFICIARIES may pay
<br />such taxes and procure such insurance, and all sums expended and advanced
<br />by BENEFICIARIES and TRUSTEE in accordance with the provisions contained
<br />-1-
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<br />C.11
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<br />THIS TRUST DEED made this 11,ci1 day of U < U L , 2004, between
<br />JEFFREY D. BULIN and KATHY R. BULIN, husband and wife, as TRUSTORS, whose address
<br />is 3509 Schroeder Avenue, Grand Island, Nebraska 68801; JOHN M. CUNNINGHAM, a
<br />member of the Nebraska State Bar Association, as TRUSTEE, whose address is 222
<br />N. Cedar St., P.O. Box 2280, Grand Island, NE 68802 -2280; and DONALD D. JAMES
<br />and BONNIE MAE JAMES, husband and wife, as joint tenants with right of
<br />su ivorsh'p not tenants in common whose address is � O. 30
<br />fro r� c� 1 j ate-, a'. N� (Q �z
<br />as BENEFICIARIES.
<br />WITNESSETH:
<br />That TRUSTORS hereby grant, bargain, sell, convey and warrant to TRUSTEE,
<br />IN TRUST, his heirs, devisees, personal representatives, successors and assigns,
<br />with power of sale, the following- described real property:
<br />Lot One (1), Block Two (2), Westroads Estates Second Subdivision to the
<br />City of Grand Island, Hall County, Nebraska,
<br />together with all improvements and appurtenances thereon.
<br />The TRUSTORS hereby covenant and agree with the TRUSTEE and BENEFICIARIES
<br />that they are lawfully seized and the owners of the above - described property;
<br />that they have good right and lawful authority to sell and convey said premises
<br />and that said premises are free and clear of all liens and encumbrances, and
<br />further, that TRUSTORS will warrant and defend the title to said premises forever
<br />against the claims of all persons whomsoever.
<br />For the purpose of securing performance of each agreement of TRUSTORS
<br />herein contained and the payment of SEVEN THOUSAND FOUR HUNDRED TWENTY -FIVE
<br />DOLLARS ($7,425.00), the TRUSTORS have executed a Trust Deed Note bearing even
<br />date, at the rate of interest and on the terms and conditions as set forth in
<br />such Trust Deed Note until paid. The principal sum and interest shall be payable
<br />in accordance with and upon the terms and conditions of said Trust Deed Note of
<br />even date, and in any event the entire principal balance due hereunder and any
<br />accrued interest shall be paid on September 1, 2009. All payments due hereunder
<br />shall be paid at the address of the BENEFICIARIES as above described, or at such
<br />other place as such BENEFICIARIES or the holders of said securi,:y shall designate
<br />in writing. All installment payments hereunder shall be applied first to the
<br />payment of interest on the unpaid balance, pursuant to the Amortization Schedule,
<br />a copy of which has been provided to each of the parties hereto, and the
<br />remainder of each payment of such installment to be applied on principal.
<br />It is agreed by and between the parties hereto that while title is vested
<br />in the TRUSTEE and until filing of Notice of Default, the TRUSTORS shall:
<br />A. Retain possession of the property at all times, except as may be otherwise
<br />agreed by the parties in writing.
<br />B. Maintain the residence and any other improvements located on the real
<br />property in good condition and repair.
<br />C. Pay all general and special taxes and all special assessments of every
<br />kind levied or assessed against or due upon said property before
<br />delinquency, and to deliver to BENEFICIARIES copies of receipts showing
<br />payment of such taxes each year.
<br />D. Procure and maintain policies of all -risk insurance on said improvements,
<br />in sums and underwritten by companies acceptable to the BENEFICIARIES, in
<br />an amount at least equal to the property's full insurable value, which
<br />policies shall name the BENEFICIARIES as additional insureds, with the
<br />proceeds payable to the parties as their interests may appear hereunder.
<br />TRUSTORS agree to provide BENEFICIARIES with copies of such policies or
<br />certificates of insurance during the term of this indebtedness, which
<br />policies of insurance may not be cancelled by said carrier without fifteen
<br />(15) days written notice to BENEFICIARIES.
<br />E. In the event the TRUSTORS fail or neglect to pay taxes and procure
<br />casualty insurance, all as above set forth, then BENEFICIARIES may pay
<br />such taxes and procure such insurance, and all sums expended and advanced
<br />by BENEFICIARIES and TRUSTEE in accordance with the provisions contained
<br />-1-
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