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<br />THIS TRUST DEED made this ~ day of February, 2007, between LEONARD J.
<br />RAINFORTH, * husband and wife, as TRUSTORS, whose address is 7387 W. Rosedale
<br />Road, Doniphan, Nebraska 68832; JOHN M. CUNNINGHAM, a member of the Nebraska
<br />State Bar Association, as TRUSTEE, whose address is 222 N. Cedar Street, Grand
<br />Island, Nebraska 68801; and WILHELMINA RUTH HINRlKUS, a single person, whose
<br />address is 2919 W. 7th Street, Hastings, Nebraska 68901, as BENEFICIARY.
<br />
<br />* and Diana L. Rainforth,
<br />WITNESSETH:
<br />
<br />That TRUSTORS hereby grant, bargain, sell, convey and warrant to TRUSTEE,
<br />IN TRUST, his heirs, devisees, personal representatives, successors and
<br />assigns, with power of sale, the following-described real property;
<br />
<br />THE NORTHWEST QUARTER (NW1/4) OF SECTION TWENTY-FOUR
<br />(24), TOWNSHIP NINE (9) NORTH, RANGE ELEVEN (11) WEST
<br />OF THE 6TH P.M., HALL COUNTY, NEBRASKA, except for the
<br />South Half of the Southwest Quarter (Sl/2 SW1/4) of the
<br />Northwest Quarter of the Northwest Quarter (NW1/4
<br />NW1/4) and the North Half of the Northwest Quarter
<br />(N1/2 NW1/4) of the Southwest Quarter of the Northwest
<br />Quarter (SW1/4 NW1/4) of Section 24, Township 9 North,
<br />Range 11 West of the 6th P.M., containing approximately
<br />10 acres
<br />
<br />together with all improvements and appurtenances thereon.
<br />
<br />The TRUSTORS hereby covenant and agree with the TRUSTEE and BENEFICIARY
<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
<br />forever against the claims of all persons whomsoever.
<br />
<br />For the purpose of securing performance of each agreement of TRUSTORS
<br />herein contained and the payment of ONE HUNDRED THIRTY SIX THOUSAND EIGHT
<br />HUNDRED DOLLARS ($136, 800 . 00), the TRUSTORS have executed a Trus t Deed Note
<br />bearing even date, at the rate of interest and on the terms and conditions as
<br />set forth in such Trust Deed Note until paid. The principal sum and interest
<br />shall be payable in accordance with and upon the terms and conditions of said
<br />Trust Deed Note of even date, and in any event the entire principal balance due
<br />hereunder and any accrued interest shall be paid on March 1, 2017. All
<br />payments due hereunder shall be paid at the address of the BENEFICIARY as above
<br />described, or at such other place as such BENEFICIARY or the holders of said
<br />security shall designate in writing. All installment payments hereunder shall
<br />be applied first to the payment of interest on the unpaid balance, pursuant to
<br />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 />
<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 />
<br />A. Retain possession of the property at all times, except as may be
<br />otherwise agreed by the parties in writing.
<br />
<br />B. Maintain the residence and any other improvements located on the
<br />real property in good condition and repair.
<br />
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