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~;.::~ $~}- ~~.4 TRUST DEED THIS TRUST DEED made this °~-5 ~ day of April 1980, befiween E. DEAN WOLFE and JUAITH A. WOLFE, as husband and wife, ands} in their own right, as Trustor, whose address is 31211 West'"L' Brentwood Circle, Grand Island, Nebraska 68801; JOHN R. BROWNELL, 231 South Locust, Grand Island, Nebraska 68801, as Trustee; and COMMERCIAL SAVINGS COMPANY OF GRAND ISLAND, whose address is 2121 North Webb Road, Box 97'1, Grand Island, Nebraska, as Beneficiary. WITNESSETH: That Trustor conveys, sells, and warrants to Trustee in trust, with power of sale, the following described real pro- perty: Lot One (1), Wolfe's Subdivision, in the City of Grand Island, Hall County, Nebraska. The intention being to convey hereby an absolute title in fee simple, together with all buildings, fixtures, improvements, and appurtenances thereto belonging. The Trustor covenants and agrees with the said Trustee and Beneficiary that he is lawfully seized of said premises; that he has good, right and lawful authority to sell and con- vey said premises; that said premises are free and clear of all liens and encumbrances; and that Trustor 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 on eaeh agreement of Trustor herein contained and the payment of Fifty Four Thousand Seven Hundred Thirty One and 51j100 Dollars ($54,731.51), as evidenced by a promissory note bearing even date at the rate of twenty percent (208) per annum until paid; the principal sum and interest shall be payable on October 23, 1980. All payments shall be made at the office of the Beneficiary, Commercial Savings Company of Grand Island, or at such other place as the holder may 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 Trustor 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 premises before delinquency, and to deliver to Beneficiary copies of receipts showing payment of such taxes.