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<br />TRUST DEED
<br />THZS TRUST DEED made this ~- day of November 1980,
<br />between RAStMOP7D A. WATSON and JUANITA WATSON, as Trustor,
<br />whose address is 1524 Coventry Lane, Grand Island, Nehra~ka;
<br />JOHN R. BROWNELL, as Trustee; and COMbSERCIAL SAVINGS CONEPRNY
<br />OF GRAND ISLAND, an Industrial Loan and Investment Company,
<br />whose address is 2121 North Webb Road, Grand Island, Nebraska.
<br />as Beneficiary.
<br />WITNESSETH:
<br />That Trustor conveys, sells, and warrants to Trustee in
<br />tryst, with power of sale, the following described real
<br />property:
<br />Lots Thirteen (13}, Four*_een (14}, Fifteen (15},
<br />and Sixteen t16}, Piper's Glen Subdivision, being
<br />a Subdivision. of Lots Eight tfl} and Nine (9),
<br />Warren Subdivision, in the City o£ Grand Island,
<br />Hall County, Nebraska.
<br />The intention being to convey hereby an absolute title in
<br />fee simple, together with all buildings, fixtures, improve-
<br />ments, and appurtenances thereto belonging.
<br />The Trustor covenants and agrees with the said Trustee
<br />and Beneficiary that he ~s Lawfully seised of said premises;
<br />that ?te has goad, rivht, an3 lawful au*_hority to sell and
<br />carver saiu .,..ices; .hat 3~..v umises are frees anu' ~lea_
<br />of all liens^and encumbrances; and that Trustor will warrant
<br />and defend the 'itle to said premises unto the Trustee and
<br />his succ~essars aru 3asi~rn= <<arever against the claims of a=
<br />Ci'13~ "1'fiL .-i'Yk'LS~: `.'3t _, ~.~~.. ..?.G I:re rf%;rmanr_e J ii ea r_Yi a4reE,g
<br />7{'.e P.L v. -T 3TtLr :le rf'. lr< ~C5Ft1:i1eC ~i nt1 .. nt' IJ 3z.'IClt.nt :)f :Vln!'t}'
<br />Thousand Dollars {59il,'J~u.il0) as evidenced by a pramisscry
<br />tote bearirq ever. date or. - flaatit;<; rate, not to exceed
<br />nineteen r±ercent {log? ^araiess *_han twelve percer:t {12g),
<br />as more fully° set out thereir„ per annum until paid; the
<br />principal sum and interest shall be payable an demand. all
<br />payments shall be made at the office of the Beneficiary,
<br />2121 North Webb Road, Grard :eland, '~ebraska, ar at such
<br />other place as the holder may designate in writing.
<br />it is agz'eecl b}° and between t e ;:aFtitrs bereft) 'c€iat
<br />while title is vested in the Trustee and until filing of
<br />Notice of Default, the Trustor shall:
<br />Retain possession of the premises and collect the
<br />rents and revenues therefrom.
<br />?. !"-a=n±ain sae <u;lding= and i^~pfe~;as•~nis located
<br />thereor, .,. good ..and it con and re~,a.zr.
<br />C, Pay all taxes and special assessments levied or
<br />assessed aaainst or due upon said premises before
<br />delinquency, and to deliver to Beneficiary apples
<br />of receipts showing payment cf such taxes.
<br />Procure and maintain policies of insurance against
<br />the usual hazards of fire, hail, wind$tprra, axa$
<br />other similar risks, in sums and underwritten. by
<br />cora~aanies a.^.ceptabie r_a the ?eneficiary, with loss
<br />s;ayahle to t_he parties as their interest may
<br />appear.
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