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<br />83- 000~4~
<br />DEED OF TRUST
<br />
<br />THIS DEED OF TRUST, is made as of the day of .Tanuary ,
<br />19 83 by and among Stanley S. Sedlacek and ancy Sediace us-
<br />bantl and wife, jointly and severally,
<br />("Trustor"),
<br />whose mailing address is 529 Ravenswood Court, Grand Island,
<br />NE b8801,
<br />Stewart Title Guaranty Company, ("Trustee"),
<br />whose mailing address is Grand Island Abstract Company, 106 North
<br />Locust, P. 0. Box 627, Grand Island, NE 68802
<br />Frieda Habe, an undivided one-half interest, and
<br />and Leonore Lockhorn, an undivided one-half interest(,~~Beneficiary"),
<br />whose mailing address is Frieda Habe, 141'0 'v7est 3rd, Grand Island, NE
<br />68801
<br />Lenore Lockhorn,464 43rd Ave. Apt. i06, San Francisco, Calif. 94121
<br />FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, con-
<br />veys, and assigns to Trustee, IN TRUST, tdITH POWER OF SALE, for the
<br />benefit and security of Beneficiary, under and subject to the terms
<br />and conditions of this Deed of Trust, the real property located in
<br />the City of Grand Island County of Hall ,
<br />State of Nebraska, and legally described as follows the "Property"):
<br />l..ot Six (6), Block Eight (8), Kernohan
<br />and Decker's Addition to the City of
<br />Grand Island, Hall County, Nebraska.
<br />In the event of the sale or transfer of the property,
<br />whether by outright conveyance, installment contract,
<br />or lease purchase agreement, the interest rate on the
<br />Trus[ors' promissory note of even date herewith shall
<br />increase from 10% to 11.5x.
<br />'POGETHER WITH, all rents, easements, appurtenances, heredita-
<br />ments, interests in adjoining roads, streets and alleys, improvements
<br />and buildings of any kind situated thereon and all personal pro}u~rty
<br />that may be or hereafter become an integral part of such buildings
<br />and improvements.
<br />The Property and the entire estate and interest convoyed to
<br />the Trustee are referred to collectively as the "Trust Estate".
<br />FOR THE PURPOSE OF SECURING:
<br />'a. Payment of indebtedness in the total principal amount or
<br />~ 42,OQ0.00 with interest thereon, as evidenced by that
<br />certain promissory note of ever. date {the "Note") with a maturity
<br />date of ten dears from date hereof cxeeuCed by TTUSt;at', which
<br />has been delivered and is payable to the order of Beneficiary, az~cl
<br />which by this reference is hexeby madf. a part hereof, and any and
<br />all modifications, extensions and renewals thereof, and
<br />b. Payment of all sums advanced by Beneficiary to protect the
<br />Trust Estate, with interest thereon at the rate of 15 percent
<br />per annum.
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