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<br />DEED OF TRUST
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<br />THIS TRUST DEED made this ,301 day of _J1CC �rh 1
<br />CHRISTOPHER G. KX�!n y Y �OX,� husband i
<br />address is U m D & &
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<br />200, between >
<br />TRUS RS, whose
<br />JOHN M. CUNNINGHAM, a member of the Nebra ka State Bar Association, as TRUSTEE,
<br />whose address is 222 N. Cedar St., P.O. Box 2280, Grand Island, Nebraska 68802;
<br />and WARREN H. HOUGHKIRK and ELLEN E. HOUGHKIRK, husband and wife, as joint
<br />tpanv with rig of survi�vorshiQ not tenants 'in com ,Q� hose a ress/i'! ' V-K
<br />as BENEFICIARIES.' 3 3 -7!_/
<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 real property located at 1209 Warren Lane, Grand Island,
<br />Nebraska 68801, and legally described as follows:
<br />Lot Three (3), Levering Subdivision in the City of Grand Island, Hall
<br />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 NINETEEN THOUSAND ONE HUNDRED TWENTY -FIVE
<br />DOLLARS ($19,125.00), 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 in one final balloon payment on February 1, 2010.
<br />All payments due hereunder shall be paid at the address of the BENEFICIARIES as
<br />above described, or at such other place as such BENEFICIARIES or the holders of
<br />said security shall designate in writing. All installment payments hereunder
<br />shall be applied first to the payment of interest on the unpaid balance, pursuant
<br />to the Amortization Schedule, a copy of which has been provided to each of the
<br />parties hereto, and the remainder of each payment of such installment to be
<br />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.
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