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84 - 008191 TRUST DEED . J THIS TRUST DEED made th~s f~9 coday of between LARRY W. COFFEY, SHERRY . fFEY an TRUSTORS. whose address is P.o. Box 81463, Lincoln, Nebraska ~8~ ; PATRiCK L. ~~ID, as Trustee; and DOLL, INC.. whose address is P.O. Box 927, Grand Island, Nebraska, as Beneficiary. WITNESSETH: That Trustors convey, sell, and warrant to Trustee in trust, with power of sale, the following described real property: Lots Nine (9) and Ten (10), Block Eleven (11), H.G, Clark's Addition, Grand Island, Hall County, Nebraska The intention being to convey hereby an absolute title in fee simple. together with all buildings, fixtures, improvement~, and appl'_tenances thereto belonging. The Trustors covenant and agree with the said Trustee and Beneficiary that they are lawfully seised 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 preoises unto the Trustee and his successors and assigns forever against the claims of all persons. FOR THE PURPOSE OF SECURING performance on each agreement of Trustors herein contained and the payment of Fifty-two Thousand Dollars ($52,000.). as evidenced by a promissory note bearing even date at a fourteen percent (14%) per annum rate of interest until paid; a final payment of the principal sum and all accrued interest shall be payable on the 1st day of December, 1989. It is agreed by and between the parties hereto that while ~itle is vested in the Trustee and until filing of the Notice of l~fault, the Trustors shall: A. Retain possession of the premises and collect the rents and revenues therefrom. B. Maintain the buildings and improvements located thereon in good condition and repair. C. Pay all taxes and special assessments levied or assessed against or due upon said pr~ises before delinquency, and to deliver to Beneficiary copies of receipts showing payment of such taxes, D. Procure and maintain policies of insurance against the usual hazards of fire, hail, windstorm, and other similar risks, in sums and underwritten by companies acce-ptabJe to the Beneficiary, with Iou payable to the parties as th~ir interest may appear. E. P~lY to the Beneficiary, i~ Beneficiary so requirea. t()seth~r with llnd in add:;'tlon to thlll regular monthly p.lyment~ of pr:i.ndpal :.nd int:erelJlt. on the datI!! lilliit f()rth for thll! making 0 f the payment each month. tl\ 9Ur.1 all ~t!ltablbhed by the Bt'lneficiary equal to thli! tdiaEl15 ll:nd spE:cial alUel\lilments nlilxt due on the premilHHI ..J