|
Dead of 'rust
<br />(News"s) . 85-- 042794
<br />This ?rust Deed, made this 10thday of June 11985
<br />,
<br />between Thomas Baxter and Elizabeth Baxter, husband and wife, - - - - --
<br />whose address is 4461 West Capital Avenue, Grand Island, Nebraska 68801 1Trustor,
<br />and Vincent L. Dowding ,whOSe addressis P. 0. Box 790, Grand Island, Nebraska 68802,
<br />Ttuatee,
<br />Wl: That Whereas, Trustor has executed one certain Promissory Note bearing even date herewith and
<br />drawn to the order of Metropoliten Life Insurance Company, hereinafter called Beneficiary, for the principal
<br />sum of---------------------------- - - -ONE HUNDRED THOUSAND
<br />($ 100, 000.00 ), payable in lawful money of the United States which shall be 1 - - Dollars
<br />debts and dues, public and payment, legal tender in payment of all
<br />Pu private, at the time of a ment, with exchange on the City of New York, payable in
<br />installments, the final installment due January 15, 2005 , with interest thereon from the
<br />date thereof as therein provided.
<br />And Whereas, Trustor is desirous of securing the prompt payment of said Promissory Note and all interest and
<br />charges thereon, in whose hands soever the same may be.
<br />Now, therefore, Trustor, in consideration of the premises, and for the purpose aforesaid, hath granted, bar-
<br />gained, soli, and conveyed, and hereby does grant, bargain, sell and convey unto the Trustee, in trust, with
<br />power of sale, pursuant to the Nebraska Trust Deeds Act (Section 76 -1001 et. seq.), all the following described
<br />real estate, premises and property, situate in the County of Hall and State of Nebraska,
<br />to wit:
<br />The Southeast Quarter of Section 15, Township 11 North, Range 10 West of the
<br />Sixth Principal Meridian, Hall County, Nebraska, excepting that portion thereof
<br />conveyed to the Grand Island Rifle Club, by Warranty Deed recorded in Book 98,
<br />at Page 255, of the Deed Records of Hall County, Nebraska, together with all
<br />crops grown thereon.
<br />The note secured hereby x f
<br />Y ressl F y provides that the holder thereof may at its
<br />option change or adjust the interest rates set forth therein.
<br />This Deed of Trust is given to secure a deferred purchase money note, which repre-
<br />sents funds advanced by beneficiary to pay for the balance of the purchase price
<br />paid to the grantor for said land and is to be deemed given for the purchase price
<br />and the continuation of the original vendor's lien on said premises.
<br />The note secured by this Deed of Trust is further secured by a Financing Statement
<br />and Security Agreement of even date herewith covering personal property as described
<br />in said Financing Statement and Security Agreement.
<br />It is agreed that all irrigation pumps, electric motors, engines, Pipes, sprinklers
<br />and all other .irrigation equipment connected therewith now or hereafter placed or
<br />installed on said premises together with all water and watering; rights of every kind
<br />and description shall be construed as affixed to and a part of the real estate herein -
<br />above described and subject: to all of the provisions of this Deed of Trust.
<br />a
<br />
|