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r" ,., w F ~~ ~I-= OU331'7 TRt3ST REED TFZS TRUST A$ED made this 24 day of June 1481, between $ISON INVESTORS, LTD., as Trustor, whose address is P. O. Box 1365, 2121 North Hebb Road, Grand Island, Nebraska 68802; JACK ZITTERKOPY', as Trustee; and COMMERCIAL SAVINGS COMPANY ~sF GRAr7D ISLAND, whose address is 21.21 North Webb Road, Grand Island, Nebraska 68801, as Beneficiary. i~iITNESSETH: That Trustor conveys, sells, and warrants to Trustee in trust, with power of sale, the fallowing described real pro- perty: Lot Six (6? in Black Nine (3), Continental Gardens, an Addition to the City of Grand Island, Hall County, Nebraska. The intention being to Canvey hereby an absolute title in fee simple, together with all buildings, fixtures, improve- ments, and appurtenances thereto belonging. The Trustor covenants and agrees with the said Trustee and Beneficiary that he is lawfully seised of said premises; that he has good, right, and lawful authority. to sell and convey said premises; that said premises are free and clear of all liens and eneu~abrances; and that Trustor will warrant and defend the tS.tle to said premises unto the Trustee and h..^s successors and assigns forever against the claims of all persons, FOR THE PURPOSE OF SECURING performance on each agree- ment of Trustor herein contained and the payment of TWO HUI~ARED FORTY THOUSAND DOLLARS ($240,000.00), as evidenced by a pxomissary note searing even date at the rate- of_21.457I percent 1 per annum until paid: the arincipal sumyand inta;cest 1 Ise payable on Dyer 2i 14 S All payments shall be rxade at the~o face o t e Beneficiary, 2121 North Webb Road, Grand Island, Nebraska 68801, 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 tYte premises and collect the rents and revenues therefrom. H. Mpintain the buildings and improvements located thereon in good condition and repair. C. Pay all taxes and special assessments levied or assessed against ar due upon said premises-before`. delinquency. and to deiiyer to Beneficiary copies of receipts showing Payment of such taxes: D. Procure and maintain policies of insurance against hhe uBakal hszarde of tine, hail, windstorm, and c~th~e~r sisailar risks, in sums and underwritten ray ~#~ea acceptable to the Beneficiary, with loss paya,#+l+s- to tiu~ parties as their- interest may. ~gp~ar. E. Rq~• ra t HeneEieiary, if Beneficiary sa requires, tv~l~~hez _t¢th and in additicr~ to the regular src+n~y ~aya-ez-ts of princigal and interest, on the