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146859 DEED OF TRUST THIS TRUST DEED made this 17th day of Nomriber , between FAITH S. ANDERSEN —and VERNON L. ANDERSEN, wire and husband, as rRUSTORS, whose address is 110 Brook - line Drive, Grand Island, Nebraska; JOHN M. CUNNINGHAM as TRUSTEE; and DELMER D. HOLZ and CHERYL K. HOLZ, whose address is 904 W. 5th, Grand Island, Nebraska, as BENEFICIARIES. WITNESSETH: That TRUSTORS hereby grant, bargain, sell, convey and warrant to TRUSTEE IN TRUST, his successors or assigns, with power of sale, the following- described real property: Lot Five (5), Roush's Pleasantville Terrace Subdivision to the City of Grand Island, Hall County, Nebraska, together with the personal property described in the purchase agreement dated the 23rd day of October, 1987, between the TRUSTORS and BENEFICIARIES. The TRUSTORS hereby covenant and agree with the TRUSTEE and BENEFICIARIES that they are lawfully seized and the owners of the above - described property; that they have good right and lawful authority to sell and convey said premises and that said premises are free and clear of all liens and encumbrances and further, that TRUSTORS will warrant and defend the title to said premises forever against the claims of all persons whomsoever. For the purpose of securing performance of each agreement of TRUSTORS herein contained and the payment of Thirteen Thousand Dollars ($13,000.00), the TRUSTORS have executed a Promissory Note bearing even date, at the rate of interest and on the terms and conditions as set forth in such Note until paid. The principal sum and interest shall be payable in accordance with and upon the terms and conditions of said Note of even date, and in any event the entire principal balance due hereunder and any accrued interest shall be paid on November 15, 1992. All installment payments hereunder shall be applied first to the payment of interest computed monthly on the unpaid principal balance, pursuant to an amortization schedule, a copy of which has been provided to each of the parties hereto, and remainder of each installment to be applied to principal. All payments due hereunder shall be paid at the residence of the BENEFICIARIES as above - described, or at such other place as such BENEFICIARIES or the holder of said security shall designate in writing. - 1 - I i � w