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85- 004134 1 DEED OF TRUST THIS TRUST DEED made this <� / day of August, 1985, between TIMOTHY J. MOHANNA and LOUISE M. MOHANNA, husband and wife, as TRUSTORS, whose address is 104 West Oasis Place, Cairo, Nebraska 68824; B. J. CUNNINGHAM, JR., Attorney at Law, 222 North Cedar Street, P. O. Box 2280, Grand Island, Nebraska 68802 as TRUSTEE; and GLENN LaVERNE ROBERTS, whose address is 606 West Egypt Street, Cairo, Nebraska 68824 as BENEFICIARY. 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 Eiqht (8) of Harb Subdivision of Block Two (2), Inqalls Turner Sub - Division in the Village of Cairo, Hall County, Nebraska. together with all buildings, improvements and appurtenances thereon, together with the personal property described in the Installment Sale Contract dated the 9 day of August, 1985, between the TRUSTORS and BENEFICIARY. The TRUSTORS hereby covenant and agree with the TRUSTEE and BENEFICIARY 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 FORTY -THREE THOUSAND SIX HUNDRED FIFTY DOLLARS ($43,650.00), as evidenced by 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 September 1, 2001. All installment payments here- under 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 the remainder of each installment to be applied to principal. All payments due hereunder shall be paid at the residence of the BENEFICIARY as above described, or at such other place as such BENEFICIARY or the holder of said security shall designate in writing. It is agreed by and between the parties hereto that while title is vested in the TRUSTEE and until filing of Notice of Default, the TRUSTORS shall: A. Retain possession of the premises at al]. times, except as may be otherwise agreed by the parties in writing. B. Maintain the buildings and improvements and all personal property sold under the parties' Install- ment Sale Contract, in good condition and repair. C. Pay all general and special taxes and all special L assessments of every kind levied or assessed against or due upon said property before delin- quency, and to deliver to BENEFICIARY copies of receipts showinq payment of such taxes.