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L 85- 003417 rTRUST DEED THIS TRUST DEED made this L-LL day of July 1985, between Larry W. Fowle and Barbara , A. Fowle, husband and wife and Sylvester ). Chody, Jr. and JoAnne J. Chody, husband and wife as TRUSTORS, whose address is 1517 West Koenig, Grand Island, Nebraska; TICOR Title Insurance Company in care of Larry Schager, President, P. O. Box 627, 207 North Pine, Suite 100, Grand Island, Nebraska, as TRUSTEE, and Emelia T. Kellogg Nicholas, whose address is P. O. Box 65, Palmer, Nebraska 68864, as BENEFICIARY. WITNESSETH: That TRUSTORS convey, sell and warrant to TRUSTEE IN TRUST, with power of sale, the following described real pro- perty: The Northerly Seventy -Three Feet (73') of Lot One (] ) and the Northerly Seventy -Three Feet (73') of the Easterly Sixteen Feet (16') of Lot Two (2), all in Block Seven (7), of the Original Town of Grand Island, Hail County, Nebraska The intention being to convey hereby an absolute title in fee simple, together with all buildings, fixtures, improvements and appurtenances thereunto belonging. The TRUSTORS covenant and agree with the said TRUSTEE and BENEFICIARY that they are lawfully seized of said premises; that they have good, right and lawful authority to sell and convey said premises. that said premises are free and clear of all liens and encumbrances and that TRUSTORS will warrant and defend the title to said premises unto the TRUSTEE and his successors and assigns forever against the claims of all persons, FOR THE PURPOSE OF SECURING performance of each agreement of TRUSTORS herein contained and the payment of TWENTY THOUSAND FIVE HUNDRED DOLLARS AND NO /100 ($20,500.00), as evidenced by a promissory note bearing even date at tl,e rate of interest as set forth on such note until paid; the principal suet and interest shall be payable in accordance with a note of even date and in any event on the lst day of June, 2000. Any I