Checked it all out and the only 'problem' was with power applied she wanted to climb.
That's exactly what happened the first time my LT-40 went up too! Ended up having to adjust the elevator control linkage to set in some permanent 'down.'
I've been flying the LT-40 for a grand total of two months now and I have to say that I love it. It's been such an easy and gentle trainer to me that I'm now starting to get more confident with it and am flying it around the pattern inverted - it's wonderfully docile and very predictable.
Have fun with yours, and congratulations on the first flight! If you think THAT was fun, just wait until you solo!
Neil.