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$1-.'~~t~430~
<br />TRUST DEED
<br />THIS TRUST DEED made this `~-~ day of August 1981, between
<br />FRED M. JANISCH and DONNA M. JANISCH, husband and wife, and
<br />DAVID E. PKILIPPI and NAOMI 'f~ILIPPI, husband and wife, as
<br />Trustor, whose address is 260~'~d Fair Road, Grand Island,
<br />Nebraska X8801; JOHN R. BROWNELL, as Trustee; and COMMERCIAL
<br />SAVINGS COMPANY lJF GRAND ISLAND, whose address is 2121 North
<br />Webb Road, Grand Island, Nebraska 68801, as Beneficiary.
<br />WITNESSET}I
<br />'That Trustor conveys, sells, and warrants to Trustee in
<br />trust, with power of sale, the following described real pro-
<br />perty
<br />A tract of land comprising a part of the ?IOrtheast
<br />Quarter (NE 1/4) of Section Twenty Faur (23), Town-
<br />ship Eleven {11) North, Range Ten (10) West of the
<br />bth P.M., in Fall County, Nebraska, more particularly
<br />described as follows: Beginning at the center of
<br />said Section Twenty Four t233; thence Northerly
<br />along and upon the West line of said Northeast
<br />Quarter {NE l/3} a distance of Seven Hundred Fif-
<br />teen and Eight Tenths (?14.8) Feet, to a point on
<br />tine Sautherly right-of-way line of U.S. Highway No.
<br />30; thence deflecting right 60° 33' and running
<br />T3ortheasterly slang and upon said right-of-way line,
<br />a distance of Thirty Seven and ?dine Tenths (37.9)
<br />Feet to the actual place of beginning; thence con-
<br />tinuing Nor±heasterly along and upon said right-of-
<br />way line, a distancw_ of Twa Hundred Eighty Seven and
<br />Eight Hundredths (287.08) Feet: thence deflecting
<br />right 90°00' and running Southeasterly a distance
<br />of Two Hundred (204.0) Feet; thence deflecting right
<br />90°00' and runnincl Southwesterly a distance of Four
<br />hundred (300.0) Feet to a mint Thirty Three 133.0}
<br />Feet East of the West line of said Northeast Quarter
<br />{NE iE°4!: thence Northerly parallel to West line cif
<br />t!-,e >urtl;east Quarter {~,E ls'3) , a 3i.stance of Tw«
<br />~,~~#~d 'fin ty ':ins g„d Sixty Ei,.ght Hundredths {229.8)
<br />1?t t~ the actua.? pia=~ ~f beginr_j ng.
<br />The intention being to convey hereby an absolute title in fee
<br />simple, together with all buildings, fixtures, improvements,
<br />and. appurtenances thereto belonging.
<br />The Trustor covenants and agrees with the said Trustee
<br />and Beneficiary that he is lawfully seised of said premises;
<br />that he has <xQOd, right, and lawful authority to sell and
<br />ecsnvey said premixes; that said premises are free and clear
<br />of ail liens and encumbrances; and that Trusta.r will warrant
<br />~ defend the title to said premises unto the Trustee and
<br />his successors and assigns farever against the claims of ale
<br />peI st~i r
<br />g0l~ 't'H~ °#~-'SSE !?!!' -CURING perfgx~anee on Aach a€~reea'~::t
<br />~~ '.rustcar herein cgntained and the payment of One Hundred and
<br />Pity B:i.ght Thousand Dollars {$148,940.00}, as evidenced by
<br />a prs~-iasaozy nuts wring even date at a variable rate of ,,..
<br />interest, Cq-wit: Five percentage paints above the six-month
<br />money ssarket r,~te of Crcial Savings Company o£ Grand rq ~,
<br />Tsiand ad juffit.~ad every six zsantha beginning on February ..a-, ~ ~
<br />3.3Ss. ~ initial rata sl',ail be 17.50a through °ebruary,~';~'
<br />196~d k'rinci.patl and interest shall be payable monthly be-
<br />ginning on August ~, 1981, and on the first day of each
<br />
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