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05/12/05 :nw 14:~.!'AX 308 3ll.j!l56 Cl"N!\I)"~ LAW OFFICE GI 200603940 DaD or ftml'l' ...\ ~, !.,' L-, ~oo(.., nus TRUST DRBD _de thi. a .~,,\ day of fY)(l .1 .J ,to:O:lt, bet.....en DWIGfl'1' S. LIVINCS'tON "nd JmL,lIN.[E J. LXv:rnGBTON, ~fe, all 'l'RUSTORS, who_ addre&R ill 309 1If. 6"" Street, Grand Uland.. Nebraska 686Ql; JO)!N M. CUWI1IIIlITlDfAM,. a mc=mber of tb.eNebr..ka State sar AI,,"ocillciOl1. .aB TRUSTlllIO, whoae 'u:ldrell is 222 NOrth Cedu .9c_, P. O. !lox 2:.180, Graod. bland, IIl'GraBka 69802; aDd. JOYCE C. CLAlISON, wbole a&1re8lll is 3403 30.h Read, clarkfil, Neb1'allxa 66628, ae BDI'EP'ICIARY. WI'nIJESlll!.TH, Tl:tat TRDSTORS hereby grant, .b1U'g..in. sell, convey and warn.Ilt to 'tRl18TEE. IN TRUST, hiB heir!. devisees. persOI1al representative., .uec.sgor~ acd .asigns, with power of aale, the follawicg-~8Cribed real property' LO'1' 'I.'tfO (21. BLCla SID'KEII 1111. Dl'TD OUl:IDL TOMII. .. CITY OJ' lDAIID ISLUID. HALL c:!OIl-.l'Y. lIIIDlllUIEA. together with all improvementll and appurtenancell thereon- Tb.e TRUSTORS Iwreby covenant and agree with the TRUSTBB and BBNBl'ICIJIJl.Y that they arl: lawfully lIeised and the ownerD 01: the above-dellcribed property; that they have good right and lawful authority to lIell aDd convey s4id premi~es and that /Said premill.1I are free &11d clear of all liens and. enc1.1lllbrance.s, and ~urtb.er, that TRUS'tORS will _=&1\1: aftd. de-rend the title to said premille!l forever aqai~t the 1:1alma of all per.on~ w~lIoeve~- For the puq>oll& of filec\U"ing performance 01' each agr.......-...nt of TRUS'I'ORS herein containlld and. the p4yment of TIIO 'nIOUSAIlD EIGHT Htl1IIDRI!O DOLLARS ($2,800,00), tha TRUSTORB have executed a Trust Deed >>ote bearing even date, at the rate of interest a4d on tha tC~ aDd eoad.i!:iona as set forth in such Tru~t Deed IIl'ote until paid. The principal l!11llI and. iuterellt shall be payable in &caord4nce with ..ad upon the ter1llll and condition.s <If "aid. Trullt Deed !fate of even dB.t:e, and in any event the entire principal ba;tance due hereunder and any accnlell intereet Shall b.. paid on May 1, 2010. All payment III due hereunder shall be paid at the addrell& of the 8ENeVtCIARY all above delcribed, or at such ether place all ~~ch BEHBPICIARY o~ the holders of said IIl1curity shall \'1e~ignate in Wl:"iUng. All in.tall....nt pay11Mlll.tll hereunder _ball be applied fint to th$ payment at intere..t on the IIEIp4id halance. purSU!lnt to tbe AmOrtization Schedule, a copy of which hall been provided ta each of the parties heratO, and the remainder of each payment of 81lr;:h ill.stallllll!Ilt to be applied on principal. It 11 agreed by and beeuten the parties hereto that while title ir;; vested in the rRUSTIE &nd until filing of Notice of Default, the TRUSTOR ~hall: A. Retain. p011l8111icm of the PrClllflrty at all tilll9lJ. eJCl;:ept 4!1 may :be otharwille agreed ~y the p.~tie. in writiDq. 8. Maintain the reaide!lee and any other improvetnents located on the real property in gQOd condition and repair. C. Pay all general iU1d epecid tax.. and all special llUelIS1ll8l1til of every kind levied or allSeesed. as.in.llt or c1u.e upon said. propeJ:ty before delinquency, and to deliver to B:BHB1!"ICIlIAY capies of receipts showing ~t of SUCh taxes each yea~, D. ~ocure and ~iIltain ~olieiea of all-ri.k ill.sut~e on laid imp~nt!l. in IIUlllB >md underwritten by companies acceptabl.. to -1- ~002