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TRUST DEED 87-104651 <br />the Tcustor, in consideration of the indebtedness of <br />Five Thousand Nine Hundred and no /JO()— ----- - - - - -- ----- <br />LOV.:40L.M ea 00 ) arw the Trust created Herein, grants, <br />oxiveys, sells an warrants to Trustee, in trust, with power of sale, <br />for the benefit of the Beneficiary, the following real estate: <br />Lot Ten (10) Western Heights, Fourth (4th) Suba.vision of Hall County, <br />Grand Island, Nebraska <br />hereinafter "I' led "Trust Property;" and, <br />WHERI S, the Trustor hereby conveys the said real estate in absolute <br />title in fee simple, inciuding 411 the rights of homestead and dower, <br />together with all buildings, fixtures, irqpcovefawnts and appurtenances <br />thereto, for the purpose of securing the performance of each agreement <br />and convenant of Trustor contained herein, including payment under the <br />terms of a Promissory Rote in the principal anuunt of Forty Five Thousand <br />Nine 5 + /100-------- .---- €dallaes ($ 4 <br />o they same date �ncorpveated hereiin by reference. <br />NCW, IMEREF RE, the Tcustor dw the Beneficiary hereby conversant <br />and agree: <br />i. TRUST DEEDS ACT. That this Treat Dead shall be governed <br />by the term of Section 76 -1001, and following, of the Revised Statutes <br />Of the State of Neaska, also ka as the raska Trn�t Act. _ <br />2. PAYMENT. That the Tcustor shall pay to the Beneficiary <br />the principal and interest under the terms of the Promissory Note. <br />3. TAXES. That the Trustoc shalt pay all general, real estate <br />taxes and species - nts levied hereafter against the Trust Property. <br />4. INSURANCE. It►at the Tcustor shall insure the Trust Property <br />in an amount not lass than Forty Five Thousand Nine Hundred and no /100 -- <br />Doliars ($ 45,900.00 ) with a company qualified in the State of Nebraska <br />by a Pu:icy containing a clause foc loss payable to the Beneficiary <br />and the Trustoc as their cesixctive interests exist at the time of the <br />i and to provide evidence of payment of the premium of the said policy <br />upon reascNiable "mad by the Beneficiary. <br />5. WASTE That the Tcustor shall not ca"rnit oc suffer any <br />wastm of the Trust Property. <br />0 <br />J <br />