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<br />THIS TRUST DEED made this �� day of July 2011, between STEVEN F. CHANDLER
<br />� and TANII L. CHANDLER, Husband and Wife, of 15474 West Old Potash, Wood River, Ha11
<br />" County, Nebraska 68883, as TRUSTORS, and WII.,LIAM A. FRANCIS, A Member of the
<br />� Nebraska State Bar Association, 222 N Cedar St., Crrand Island, Nebraska. 68801, as TRUST'EE,
<br />` and DALE L. WIESEMAN and CYNTHIA L. W�SEMAN, Husband and Wife, 1533 Sta.gecoach _`
<br />` Road, Grand Island, Nebraska. 68801, referred to as BENEFICIARIES. _ `` '`
<br />(�`;
<br />WITNESSETH:
<br />That TRUSTORS hereby grant, bargain, sell, convey and warrant to TRUSTEE, IN
<br />TRUST, his successors and assigns, with power of sa1e, the following-described real property:
<br />A part of the Southwest Quarter of the Southeast Quarter (SWl/4SE1/4) of
<br />Section Fourteen (14), Township Eleven (11) North, Range Twelve (12), West
<br />of the 6�' P.M., Hall County, Nebraska, more particularly described as follows,
<br />` to wit: Beginning at a stake 16 links East of the Southwest (SV� corner of the
<br />�outheast Quarter (SEl/4) of Section Fourteen (14), Township Eleven (11)
<br />�� North, Range Twelve (12), West of the 6 P.M., running thence North
<br />variation 11° 00' East, on a line parallel to the West line of said quarter section,
<br />Eleven and Fifty Hundredths (11.50) chains to a stake; thence North 89° 00'
<br />East, Five and Twenty Five Hundredths (5.25) chains to a stake; thence South
<br />One and Ninety Hundredths (1.90) chains to a stake in the center of Prairie
<br />Creek; thence up to the center of said Prairie Creek to a stake on the South line
<br />of said quarter section, Eight and Eight Hundredths (8.08) chains East of the
<br />Southwest (SV� corner of said quarter section, thence West along the said
<br />south line of the said Southeast Quarter (SEl/4) of said Section Fourteen (14),
<br />to a point of beginning;
<br />together with all buildings, improvements and appurtenances thereon.
<br />The TRUSTORS hereby covenant and agree with the TRUSTEE that TRUSTORS are
<br />lawfully seized and the owner of the above-described property; that he has good right and lawful
<br />right and authority to sell. TRUSTORS will warrant and defend the title to said premises forever
<br />against the claims of a11 persons whomsoever; excepting only the Deed of Trust that sha11 be a first
<br />lien arising in favor of BENEFICIARIES.
<br />For the purpose of securing performance of each agreement of TRUSTORS herein
<br />contained and the payment of Eighty Thousand DOLLARS ($80,000.00), the TRUSTORS have
<br />executed a Promissory Note bearing even date, at the rate of interest and on the terms and
<br />conditions as set forth in such Note until paid. The principal sum and interest sha11 be payable in
<br />accordance with and upon the terms and conditions of said Note of even date, and in any event the
<br />entire principal balance due hereunder and any accrued interest shall be paid on December 1, 2021.
<br />All instaliment payrnents hereunder sha11 be applied first to the payment of interest computed
<br />monthly on the unpaid balance, pursuant to the Amortization Schedule, a copy of which has been
<br />provided to each of the parties hereto, and remainder of each payment of each installment to be
<br />applied to principal. All payments due hereunder shall be paid at the residence of the
<br />BENEFICIARIES or as the holder of said security sha11 designate in writing.
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