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86-- 106391 DEED OF TRUST THIS TRUST DEED made this 5th day of NoF Rmb IER 199AND between KINNEY E. KIDDAGH, as TRUSTOR; ISLAND, N.A., as TRUSTEE; and MIDDAGH MARITAL TRUST, as BENEFICIARY. wITNESSETH: That TRUSTOR hereby grants, bargains, sells, conveys and warrants to TRUSTEE IN TRUST, its successors or assigns, with power of sale, the following- described real property: Westerly One -Half (W1 /2) of the Easterly Two - Thirds (E2 /3) of Lot Seven (7), in Block Fifty - Eight (58), in Original Town, Now City of Grand Island, Hall County, Nebraska, together with all buildings, improvements and appurtenances thereon, together with the personal property described in the Installment Sale Contract dated the 2z day of September, 1986, between the TRUSTOR an=jAMES D. LIVINGSTON, Personal Representative of the Estate of Ivan R. Middagh. The TRUSTOR hereby covenants and agrees with the TRUSTEE and BENEFICIARY that he is lawfully seized and is the owner of the above- described property; that he has good right and lawful authority to sell and convey said premises and that said premises are free and clear of all liens and encumbrances and further, that TRUSTOR will warrant and defend the title to said premises forever against the claims of all persons whomsoever. For the purpose of securing performance of each agreement of TRUSTOR herein contained and the payment of Forty-Five Thousand Dollars ($45,000), the TRUSTOR has executed a Promissory Note bearing even date, at the rate of interest and on the terms and conditions as set forth in such Note until paid. The principal sum and interest shall be payable in accordance with and upon the terms and conditions of said Note of even date, and in any event the entire principal balance due hereunder and any accrued interest shall be paid on December 1, 1996. All installment payments hereunder shall be applied first to the payment of interest computed monthly on the unpaid principal balance, pursuant to an amortization schedule, a copy of which has been provided to each of the parties hereto, and remainder of each installment to be applied to principal. All payments clue hereunder shall be paid at the residence of the BENEFICIARY as above- described, or at such other place as such BENEFICIARY or the holder of said security shall designate in writing. - 1 - Li