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<br /> CORRECTIVE DEED OF TRUST
<br />
<br />THIS CORRECTIVE DEED OF TRUST is given to correct a Deed of Trust heretofore
<br />recorded as Instrument No. 0200508246 on August 22, 2005, in the office of the Hall County
<br />Register of Deeds to correct the acknowledgment in said document.
<br />
<br />THIS TRUST DEED made this ~ day of AJ~ ' 2005, between
<br />FLORIBERTO SANCHEZ BENITEZ, a Married Person whose Wife is living in Mexico, as
<br />TRUSTOR, whose address is Grand Island, Nebraska; WILLIAM A. FRANCIS, A Member of the
<br />Nebraska State Bar Association, as TRUSTEE, whose address is 222 North Cedar Street, P. O. Box
<br />2280, Grand Island, Nebraska, 68802; and BUCK'S RENTAL, INC., A Nebraska Corporation, of
<br />Grand Island, Nebraska, hereinafter collectively referred to as BENEFICIARY.
<br />
<br />=J
<br />o. c:-
<br />...c;>c;
<br />
<br />WITNESSETH:
<br />
<br />That TRUSTOR hereby grant, bargain, sell, convey and warrant to TRUSTEE, IN TRUST.
<br />his successors and assigns, with power of sale, the following-described real property that is not a
<br />homestead:
<br />
<br />The Westerly 51' of Lot Seven (7), Bluck Ninety-Ei~~ht (98) of the Railroad Addition ofthe
<br />City of Grand Island, Hall County, Nebraska.
<br />
<br />together with all buildings, improvements and appurtenances thereon.
<br />
<br />The TRUSTOR hereby covenant and agree with the TRUSTEE and BENEFICIARY that
<br />TRUSTOR are lawfully seized and the owners ofthe above-described property; that they have good
<br />right and lawful authority to sell and convey said premises and that said premises are free and clear
<br />of all liens and encumbrances, and further, that TRUSTOR will warrant and defend the title to said
<br />premises forever against the claims of all persons whomsoever.
<br />
<br />For the purpose of securing performance of each covenant of this agreementtogether with a
<br />payment of Seventy Thousand Dollars ($70,000.00), the TRUSTOR have executed a Promissory
<br />Note bearing even date, at the rate of interest and on the terms and conditions as set forth in such
<br />Note until paid. The principal sum and interest shall be payable in accordance with and upon the
<br />terms and conditions of said Note of even date, and in any event the entire principal balance due
<br />hereunder and any accrued interest shall be paid on or before September 1, 2008. All installment
<br />payments hereunder shall be applied first to the payment of interest computed annually on the
<br />unpaid balance. pursuant to an amortization schedule, a copy of which has been provided to each of
<br />the parties hereto, and remainder of each payment of each installment to be applied to principal.
<br />All payments due hereunder shall be paid at the residence of the BENEFICIARY or the holder of
<br />said security shall designate in writing.
<br />
<br />It is agreed by and between the parties hereto that while title is vested in the TRUSTEE and
<br />until filing of Notice of Default, the TRUSTOR shall:
<br />
<br />A Retain possession of the property at all times, except as maybe otherwise agreed by the
<br />parties in writing.
<br />
<br />B. Maintain the building and its improvements and all personal property sold under the parties'
<br />Contract for Sale of Real Estate, in good condition and repair.
<br />
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