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<br />DEED OF TRUST
<br />THIS TRUST DEED made this y of , 2010, between April C.
<br />Liske-Clark and Jill J. Liske-Clark, as Trustors, whose ad ess is Chelsea Place, Grand Island,
<br />Nebraska, and William A. Francis, A Member of the Nebraska State Baz Association, as
<br />TRUSTEE, and I;eo C. Liske and Maxine M. Liske, Husband and Wife, as Saint Tenants,
<br />hereinafter collectively referred to as BENEFICIARIES.
<br />WITNESSETH:
<br />That TRUSTORS hereby grant, bargain, sell, convey and warrant to TRUSTEE, IN
<br />TRUST, his successors and assigns, with power of sale, the following-described real property:
<br />Lot Twenty-five (25) Kentish Hills Subdivision, Hall County, Nebraska
<br />together with all buildings, improvements and appurtenances thereon.
<br />The TRUSTORS hereby covenant and agree with the TRUSTEE and BENEFICIARIES
<br />that the TRUSTORS are lawfully seized and the owners of the above-described property; that they
<br />have good right and lawful right and authority to sell and convey said premises and that said
<br />premises are free and clear of all liens and encumbrances except a Deed of Trust recorded as
<br />Instrument No. 200710526 recorded in the Office of the Hall County Register of Deeds, and
<br />further, that TRUSTORS will warrant and defend the title to said premises forever against the
<br />claims of all persons whomsoever.
<br />For the purpose of securing performance of each agreement of TRUSTORS herein
<br />contained and the payment of One Hundred Fifty Six Thousand Five Hundred DOLLARS
<br />($156,500.00), the TRUSTORS have executed a Promissory Note bearing even date, at the rate of
<br />interest and on the terms and conditions as set forth in such Note until paid. The principal sum and
<br />interest shall be payable in accordance with and upon the terms and conditions of said Note of even
<br />date, and in any event the entire principal balance due hereunder and any accrued interest shall be
<br />paid on or before January 1 S, 2013. All installment payments hereunder shall be applied first to the
<br />payment of interest computed monthly on the unpaid balance, pursuant to
<br />the Amortization Schedule, a copy of which has been provided to each of the parties hereto, and
<br />remainder of each payment of each installment to be applied to principal. All payments due
<br />hereunder shall be paid at the residence of the BENEFICIARIES or as the holder of said security
<br />shall designate in writing.
<br />It is agreed by and between the parties hereto that while title is vested in the TRUSTEE and
<br />until filing of Notice of Default, the TRUSTORS shall:
<br />A. Retain possession of the property at all times, except as may be otherwise agreed by the
<br />parties in writitrg:
<br />B. Maintain the building and its improvements and all personal property sold under the
<br />parties' Contract for Sale of Real Estate, in good condition and repair.
<br />C. Pay all general and special taxes and all special assessments of every kind levied or
<br />assessed against or due upon said property before delinquency, and to deliver to
<br />BENEFICIARIES copies of receipts showing payment of such taxes.
<br />D. Procure and maintain policies of all-risk insurance on said improvements, in sums and
<br />underwritten by companies acceptable to the BENEFICIARIES, in an amount of at least
<br />One Hundred Fifty Nine Thousand Dollars ($159,000.00), which policies shall name the
<br />BENEFICIARIES as additional insured(s), with the loss proceeds payable to the parties as
<br />their interests may appear hereunder. TRUSTOR agree to provide BENEFICIARiF,S with
<br />copies of such policies or certificates of insurance during the term of this indebtedness,
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