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<br />C71t'^ 11 f ( J +FS ~ J TRUST DEED
<br />THIS TRI;ST DEED made this ? day of November 1980,
<br />between RAYMOND A. WATSON and JUANZTA WATSON, as Truster,
<br />whose address is 1524 Coventry Lane, Grand Island, Nebraska;
<br />JOHN R. BROWNELL, as Trustee; and COMMERCIAL SAVINGS COMPANY
<br />OF GRAND ISLAND, an Industrial Loan and Investa~nt Company,
<br />whose address is 2121 North Webb Road, Grand Island, Nebraska,
<br />as Beneficiary.
<br />WITNESSETH:
<br />That Truster conveys, sells, and warrants to Trustee in
<br />trust, with power of sale, the following described real
<br />property:
<br />Lots Nine (9), Ten (10), F.Ieven (I1), and Twelve
<br />;12i, Piper's Glen Subdivision, being a Subdivi-
<br />sicn of Lrts Eight (8) and Nine (9), Warren Sub-
<br />division, in the City of Grand Island, Hall County,
<br />Nebraska.
<br />The intention beiaq to convey hereby an absolute title in
<br />fee simple, together with all buildine;s, fixtures, impzove-
<br />ments, and appurtenances thereto belonging.
<br />'^~~ `^rlstor covenants and a~srees with the said Trustee
<br />and Beneficiary that he is I.awfulli~ seised oY. said premises;
<br />that he has :food, right, and lawful aut'lcrity !.o sell and
<br />caanvey said premises; that said premises sre free and clear
<br />ca€" all liens and encumbrances; ::rrd ±ha*_ Truster will warrant
<br />arz•a .re;€'vnd t!12 ._..,_le to card '~rc~mi.a~~ ~ ,t. c7 the "°rli:ster and
<br />)3:.e Sils:~a,,,~arc and ..., .. .'.,nS .. .re.F*r 3:ia li,St rile .. isim5 i5T dll
<br />F'e r5an a,
<br />EUR 'I"HE PURPLrSl .iF ~ECtiRI`,C ,,erfs~rmaryce --., -_. _. . ,;rF>~-
<br />ment of Truster herein conraired arrd the payment 'of•3_ irety
<br />Thousand Dollars t$90,000.~", 0) as evidence4 by a ;promissory
<br />note bearing even date or, :i floating rate, not to exceed
<br />nineteen percent t19~1 nor less than twelve ^e=cent (1?R),
<br />as more fully set out therein, r~er annum until laid; the
<br />principal and interest shall be payable on demand. All
<br />payments shall be made at the office of ±he Beneficiar•,•,
<br />3121 North Webb Road, Grand island, `7braska, or at such
<br />other place as the holder may designate in writinu.
<br />It r.s agreed by and between the oarti.es hereto !-.hat
<br />while title is vested in the `^rustee anti until f.ilinq of
<br />Notice of Jnf.:aur_, the Truster shall:
<br />A. Retain possession of the pra~mises and collect the
<br />rents and revenues therefrom.
<br />B. Yiaintain the bulidinys and improvements located
<br />*_hereL.^. _.. good ..cndi ~a.an and repair .
<br />... Pay all takes and special assessments levied ar
<br />assessed against or due upon said premises before
<br />deli::quency, and to deliver to Beneficiary copies
<br />of rPCe i;7Y5 4rSOW1rl<, :Javment '~f ~l1 r-h 4ax,+a
<br />D. Pr~•ure and r..aintain policies of insurance aclainst
<br />the usual hazards of Fire, haai, winds.erm, and
<br />other similar rrsks, ~n sums and underwa~ittr:l by
<br />companies acceptable to the 3enef~ciary, with loss
<br />csayalrle to the parries: .:~s th..,r .n*er°st ^:a=•
<br />
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