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<br /> bEED OF TRUST G
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<br />THIS TRUST DEED made this -~ day of , 2010, between
<br />JORDAN B. BARNHART, a single person, as TR TOR, whose address is
<br />.~, 5 ~ 'fir°"~ N~ JOHN M. CUNNINGHAM, a member of the Nebraska State
<br />Bar Association, as TRUSTEE, whose address is 222 N. Cedar Street, Grand
<br />Island, Nebraska 68801; and GREGORY M. CRAMER and SHANNILEE BARNHART CRAMER,
<br />husband and wife, whose address is P. 0. Box 42$, Wood River, Nebraska 688$3,
<br />as BENEFICIARIES.
<br />WITNESSETH:
<br />That TRUSTOR hereby grants, bargains, sells, conveys and warrants to
<br />TRUSTEE, IN TRUST, his heirs, devisees, personal representatives, successors
<br />and assigns, with power of sale, the following-described real property:
<br />LOTS THIRTEEN (13) , FOURTEEN (14) , FIFTEEN ( ].5) ,
<br />SIXTEEN (16) AND SEVENTEEN (1 "7 ) IN BLOCK ONE (1) ,
<br />CLARK'S ADDITION TO THE VILLAGE OF WOOD RIVER,
<br />HALL COUNTY, NEBRASKA
<br />together with all improvements and appurtenances thereon.
<br />The TRUSTOR hereby covenants and agrees with the TRUSTEE and
<br />BENEFICIARIES that he is lawfully seized and the owner of the above described
<br />property; that he has good right and lawful authority to sell and convey said
<br />premises and that said premises are free and clear of all liens and
<br />encumbrances, except subject to a Deed of Trust given by Beneficiaries in favor
<br />of Five Points Bank and further, that TRUSTOR will warrant and defend the title
<br />to said premises forever against the claims of all persons whomsoever.
<br />For the purpose of securing performance of each agreement of TRUSTOR
<br />herein contained and the payment of THIRTY THOUSAND DOLLARS ($30,000.00), the
<br />TRUSTOR has executed a Trust Deed Note bearing even date, at the rate of
<br />interest and on the terms and conditions as set forth in such Trust Deed Note
<br />until paid. The principal sum and interest shall be payable in accordance with
<br />and upon the terms and conditions of said Trust Deed Note of even date, and in
<br />any event the entire principal balance due hereunder and any accrued interest
<br />shall be paid on April 1, 2025. All payments due hereunder shall be paid at
<br />the address of the BENEFICIARIES as above described, or at such other place as
<br />such BENEFICIARIES or the holders of said security shall designate in writing.
<br />All installment payments hereunder shall be applied first to the payment of
<br />interest on the unpaid balance, pursuant to the Amortization Schedule, a copy
<br />of which has been provided to each of the parties hereto, and the remainder of
<br />each payment of such installment to be applied on principal.
<br />It is agreed by and between the parties hereto that while title is vested
<br />in the TRUSTEE and until filing of Notice of Default, the TRUSTOR shall:
<br />A. Retain possession of the property at all times, except as may be
<br />otherwise agreed by the parties in writing.
<br />B. Maintain the residence and any other improvements located on the
<br />real property in good condition and repair.
<br />C. Pay all general and special taxes and all special assessments of
<br />every kind levied or assessed against or due upon said property
<br />before delinquency, and to deliver to BENEFICIARIES copies of
<br />receipts showing payment of such taxes each year.
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