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<br /> � pt�ee p!► T�UST
<br /> � THI9 TRUST DEED aade this .s� d�ay of October, 1996 , between�
<br /> \� as TRUSTOR, whose
<br /> �
<br /> C T:IE OLE COW PALlICE, 1► NQbraska Pa�nership, � UC
<br /> addrass ie 3602 W. SQCOnd Streax, GrauYd Island, Nebraska 66803; `
<br /> y,1ii,I,I1lM l�. FRaNCIS, A Membsr o£ the I�Tebraska State Bar Assocf.atfon,
<br /> C.��r StrBeT.� �w Q. �X 2200�
<br /> as TRUSTEE, whose sddrebs is 222 �• T.B.T. INC. , 11 Dtel�rasjca
<br /> Grand Island, Heb�c��ka 6B802; aad +
<br /> Corporation, hereinafter r�Eerred to as BENSFICI]►RY.
<br /> WITliESSETH:
<br /> That TRUSTOR hereby grants, barqains, sells� convQys and
<br /> waxrants to TRUSTEE, IN TL�QsT. his succQSSOrs and assign�� with
<br /> power of sate, the followi.ng�-described real property:
<br /> N:setw� !'! .'��
<br /> part of Sectio�z Ten (Sb)• a.ad part at the� tiorthweat
<br /> � Qu�er �HW l�4:� and the SoutYivr�st Quarter (�e4 Nine
<br /> 3ecticn. �ant� {20), Tvwnship LZeven (11).
<br /> ' �g), W� of the 6th P.t�«� Hall County, Nebraska, as aore
<br /> particuiarly descriL�� on attached Exhibit "3"
<br /> incorporated hc�r�i.n by refereace,
<br /> toqether with all bu�lldiaqs, isprovements and appurtenances
<br /> ---= - -� .. .----
<br /> LIICLetVU• --- �------ -- - - --._
<br /> The TRUSZ'oit aereny covenants and agrees with the TRUST�E and
<br /> BENEFICIARY t2�at TH� Oi,E COW PALAGS, A Nebraska Partn�rs2f�P► ��
<br /> lawfully seized aad the owner of the above-described �roperty�; and
<br /> that the partners execute tbis Deed of Trust for gurpases of
<br /> conveyinq �� p1�Qing the gartnership, iaterest in 4:he abave
<br /> � described pz�opertY: that they ha�ve .�ood ri9ht and lawful authority
<br /> to �ell and. convey �a pr�ses and that said pre�.ises a=e free
<br /> � and clear of ald defend the tit�lertccsaid Pr us seforever aclainst `
<br /> will warraat an
<br /> . the clai�as af all persons w�hwesoever.
<br /> For the purpose of securing performance of eacsta agree.�ent of
<br /> TRIISTOR herein contained and the payment af SEVS�1'i"Y-a2�E TH��1S�
<br /> Dpyi,ARS ($T3,000.00), the TRUSTOR has executed a Promissory Kote
<br /> benring eve�o date, at the rate of �nterest and on tdQ teri.� �nd
<br /> coa,ditions as set forth in such �Iote until paid• The princa.patl sun
<br /> an� �terest shall be payable in accordanae with and upoa the terms
<br /> and conditions of said Note of even cYate, and fn any event the
<br /> eatire principal balaace due hereuader and sny accrued interest
<br /> • � shall be pai,d cn i+sarch 1, 2Q�1. 7►11 instal].meat payments hereunder
<br /> shall be agp�lied pursuant to the Amortizatioa Schedule attac�$d to
<br /> the Prcaissory Ncte• A11 payments due hereunder shall ba paid to
<br /> �ue SD��ZCIL.RY c+r to th� agent e� BENEFICIARY as BENEFICI�RY aaY
<br /> dQSiqnate in writinq.
<br /> � It is agreed by and between the partfes hereto that while
<br /> title is vested in the TRUSTEE and uatil filing of Notice of
<br /> Default, the TRUSTOR shall:
<br /> a. Retain possessioa of the property at all times, ezcept as may , '
<br /> be otheYwise agreed by the partiQS in writing.
<br /> ' B. Maintain the bui�dinq and its improvements and all �ersonal
<br /> property, sold under the pa�cties' Contract for Sale of Real
<br /> Estate, ia qood condition and ropa�r•
<br />
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