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<br /> � ra��o or �tusT 97� 9.015�6 ... �=:,=
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<br /> THI3 TRUST DEED made this Za�t day of February, 1997, between ��,`� ��, .___
<br /> � GLEN F. SHORE and ARLA DFLL��0 E Hu,�b,a' a Wife, s TRUSTORS, � :;,��
<br /> .. . whose addreas is /�oZ�G S�ct/• ���8�����e$�' A6sociacivn, ��'f"�'�_:
<br /> " WILLIAM A. FRANCIS, A Member o� the _.�,j,91
<br /> �� ae TRU3TEE, whose address is 222 N. Cedar Street, P. 0. B�x 22fl0, ,,��F�
<br /> � Grand Island, Nebraska 68802; and VADARON INVESTMENTS, INC., a .s,,,
<br /> � Nebraska Corporation, as BENEFICIA1tY. ,4�:.��='"�
<br /> .�. ���;
<br /> WITNESSETH: +'•' ��+
<br /> ��.z�.�.__
<br /> .4.'-
<br /> That TRUSTORS hereby grant, bargain, sell, convey and warxant ��
<br /> to TRUSTEE, IN TRUST, his successors and asaigns, with power of
<br /> " � sale, the following-described real property: _=
<br /> • � Lots one (1) , Z'wo (z) , Tnree (s j, Fou� t 4). r iv$ t�3 , �=��
<br /> East One-half (E1/2) of Lot Seven (7), and all of Lots
<br /> Ei.ght (B) , Nine (9), and Ten (10), a11 in Alock Eleven —
<br />, �.. , � .
<br /> (11), in Baker's Addition to the City of Grand Island, �
<br /> , Hall County, Nebraeka, andin Hakerrs Addi fonheabutting —
<br />: ,,, �'� alley in Block Eleven (11),
<br /> ��-::�;�-�-� said above-described Lots.
<br /> -. �� ;m
<br />___ �.wy.��'.y
<br /> -' ,1�......�:r.
<br />- . �. toge'ther with all buildinqs, improvements and appurtenances
<br /> _ -.�:.z,;";:;° thereon. �.-
<br /> y�,'���-��`�k�� The TRUSTOR3 hereby covenant and agree with the TRUSTEE and
<br /> _.�.�,='k�'
<br /> _.��`:;t�r:, BENEFIC�ARY that they are lawfully seia.ed and the owner of the
<br /> .M,�;��r above-dQSCrfbed property; and that they have good and lawful
<br />-���"� authority to sell and convey said prsmises and that said premises
<br /> "`s'-'-���:•� are free and clear of �11 liens and encumbrances ex�ept Eor a first
<br /> -.,:,��'�`�:s:. mortgaqe l�en to First National Bank of Marquette, Marquette,
<br /> -'""`���''� Nehraska, and further that TRUSTORS will warrant and defend the
<br /> �������� title to said pxemises forever against the claims of all persons
<br />��'�""` • whQmsoever.
<br /> „�..._<.__..: _
<br /> ._�,�,qjr'.. .
<br /> �;����;;�-r` : This Deed of Trust is given to secure performance of the terms -
<br />=�`y��=�:: and conditions of a Contract for the Installm�nt Sale of Real
<br /> Property� between TRUSTORS and BENEFICIARY dated February ► __-
<br /> ' 1997. The principal sum and interest payable under sai.d Contract _
<br /> � , � has a final payment due dAte af February 15, 2009. All installment �,____
<br /> payments made pursuant to said Contract shall be first applied to ��-
<br /> ' � the paymant of interest computed annually on the unpaid balance, L�:_��.
<br /> - . , �;;, pursuant to an amortization schedule, a copy of which has been
<br /> � �' provided to each of the parties hereto, and remainder of each � _-
<br /> ` payment o� each installment to be applied to principal. All •��<-_:,t____
<br /> � �.�• � payments due hereunder shall be paid at the residence of the ���;Y;�;:�;----
<br /> �=�� RF.NEFICIARY or the holder of said securi�y shall designate in :;�;«;=:
<br /> _ ..;.:_,.-
<br /> _.- -.' = r.� writinq. -. ;----
<br /> - �,.� .:•
<br /> �' � It is agreed by and between the �arties here�o that while � ,�
<br /> title is vested in the TRU3TEE and until filinq of Notice of
<br /> ; Default, the TRUSTdRS shall: ,
<br /> l A_ Retain poesession of the praperty at all times, except as may : �
<br /> be othexwise agreed by the parties in writing. .
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