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<br /> fiFIITB TItUBT DEED made �aia �t�day o� �� � ��'�.�'�
<br /> ►
<br /> . �� " 1g94 , betwec�n MERLI2d P. D��BERN and VICKIE L. DIBHERPY, Hu�banc� and �li'� °
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<br /> , W�Ra, �e �USTOY�s, wliose adc3roe�s i9 322� N. H1uEt Centgr Liond, • � ;���'�,_°—
<br /> Cairo, Nebraaka 68824; WYY,LII�K A. FYa�'�T�IB� � �Iembe�r oP the A7ek►ses�sa ._�,;;u•__'�-�i;_
<br /> � State Har Assaaia�ion, as �R�JSTEE, whose addroes i� 222 N. Ceder _ _
<br /> � 3traet, P. +0. Box 2280, Grand i�land, Nebraska 68802; and ANGEL�NE �:�r?:�r��;
<br /> It. DIBSERN and PE�I'ER Aa OIBBEkiN, A�xsband astd WiPe, Rl6 �oiY1t oWPierB, . �.,.�,.:u•,�.___
<br /> _•��::��_,_- _--
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<br /> hereinaPter aol�activaly refex��d to ae BEN�FIC�AR�ES, in .n..;�,,;j���,(,,_
<br /> ° propar�ion to �heir respecti�ra owixershi.p interest. p==—�_°=°�.° __
<br /> �••�-��:n:
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<br /> ' ' WITNESSETH: - -=-- -----
<br /> �':is�,_.,=--Q=:.,
<br /> Tha� TRUSTO1ZS he�ceby gra.nt, bar�ain, eali, aonvey and warrant �_,�z�.��__
<br /> to TRUSTEE, TN mAUST, Yii.s eusaesaorg and aesigns, wi�h power oP (�f��r'.f�-��=�=�=
<br /> s�.�.
<br /> sa].�, ttie fpllowing-describad real prope�ty: =--_�--
<br /> The West Ha1f of the 3outheast Quarter (W1/2 3F1/4) and �'�-= -
<br /> �_'_m Faz..�...._ _
<br /> � the East Ha1P of the East �I�if oP the Bas� Ha].f of the ----��-�--���
<br /> 6outhwest Quar�er (Ei/2 Ei/2 Ei/2 �Wi/4) oP Ssation �*�.��;��,�;..
<br /> Triirty-Two (32) , Township Twelve (12) N�rth, Range Twelve i4��s�°�=-
<br /> �' (12) , Weet of the 6th P.M., 1Hall County, Nebraslca, �}Y��
<br /> �r,.�y.:�'_=---
<br /> togeth�r with alY Y,uildine�s, improvotaentB and appurtenanrseo �.�__
<br /> ther�on. '� -
<br /> • r...--_--_
<br /> Tho TYtUSTORS �ereby aovenant and agree with fihe TRUSTEF �nd �'�
<br /> B�NF:FTCIAAIES th�t the TRUSTORB are lawfullx Beized and the owner �����-, ; .._
<br /> _i _ _a
<br /> � oP the above-d�saribed proper�y; that titey nave gvod ragna. �i�a ::�;�{�
<br /> lacaPul authority to sell and canv�y said premises and that said ;,, ��
<br /> gremiaee are free and clear of al]. lions and encumbranaes, and ;, ,. ��
<br /> further, that T1tiJSTORS will wrarrant and defand the titlo to oaid �'• _
<br /> premises foxever ac,�ainst iche alaf.ms of a11 p��'�ons whomsoaver. _.
<br /> •
<br /> , For the purpose oF seauring perPormance of e�c�h agreement of �r'�-
<br /> TRUSTORS herein cc�ntained and the payment oP FIFTY-SIX TIi0U3AND � � ��
<br /> � °`"._
<br /> DOLLARS ($56,000), the TRUB�'ORS �iave exgcuted a Promissory Note ,,,,,��� i , _
<br /> baaring even da�e, at the rate of intersst and on the terma and r, •c,-,'� �
<br /> conditions as �st forth in aiach Note until paid. The principal sum t-
<br /> � , . and interest shall be payabie in accordanae witti and upon the terms � --�c ,�__
<br /> � � and conditions of sa3d Note of even date, and in any evenfi tho � '� �'�"w��_
<br /> entire prinaipal balanae due hereun der a n d a n y accrued interest ' „-
<br /> sha11 be paid on March 1..�a, 2010. All installment payments °';%' , � '
<br /> • her�undar shall be applied firat to the payment o� intereet
<br /> � � , aomputed annually on the unpaid balance, pursuanti tc an � .��'�
<br /> � ' Amortization Schedule, a copy of which Y�as been pravided to each of � �• ,
<br /> � the partiea hereto, and romai�der oP each payment of eaah I ,� . j�:.: l
<br /> � ' inetallment t� be applied to principal. All payments due hereunder I P`:,;:.;
<br /> ., sh�ll bs paid at the residenc� of the HENEFICIARIES or the holder i ��'� � ..•����
<br /> � of said securi�y shall deBignate 3n writing. ;.�
<br /> . � T�;
<br /> � It ia agreed by and betweea� the partias hereto t�iat while ;
<br /> . . :itle is �restad in the TRL7STEE ar►d until Piling of Notice of "��`
<br /> � • � Default, the TRUSTORS sha11: , a�
<br /> ,. '�.'
<br /> � A. Retain posaessimn of the property at all �imes, except as may : �;.:
<br /> � bca o�herwise agreed by the partias in writing. ,
<br /> B. 1Nlaintain the buildinq �nd itg improvements and all personal ' �
<br /> propar�y sold under the partios' Contract for Sale of Real � ;�� --
<br /> " � E�ta�e, in qcod conditior► and zepair. f�
<br /> ' _„ _1_, ..�.. � � ;
<br /> C. Pay all generai and apeciai LS][CB fu—�tu ntt O�IC�i141 noocvviuos+..o
<br /> oY every kinc3 levied or asseased against or due upon said �,��
<br /> " property before delinquency, and to deliver to BENEFaCIARIE3
<br /> „ � copies af receip�t� showing payment of such taxes. �'�
<br /> . � i
<br /> � TI2USTORS covanants and agreos that a failure to make any �
<br /> � 't „ payment, either principal or interest, on tche Nnta �ecured hereby ' '
<br /> � f wMen due and payable, or a failure tca comply with any af the
<br /> ; � c�vonanta and agreemente herein made shall cause the wYiale sum of
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