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DEED OF TRUST <br />2 01305605 <br />KNOW ALL MEN BY THESE PRESENTS: that German De Leon and Monica <br />Santacruz, husband and wife, hereinafter referred to as "Trustor", to secure a note of <br />even date herewith for the principal amount of One Hundred Ten Thousand Dollars <br />($110,000 ga able to the order of Linda Patrice Hoidal, whose address is: <br />S 2 �� Gl � � c � , A.)11. I k , Nebraska 40 , hereinafter <br />referred to as "Beneficiary", providing for payment of the entire principal balance, together <br />with interest at the rate of five percent (5 %) per annum, all in accordance with a Deed of <br />Trust Note executed on July 10 , 2013, do hereby grant and convey unto Steven W. <br />Dowding, attorney at law, the "Trustee ", the following described property: <br />Lot Three (3) and Lot Five (5), in Block Twenty Three (23) in <br />University Place, an addition to the City of Grand Island, Hall <br />County, Nebraska; <br />TO HAVE AND TO HOLD the same, together with all appurtenances, in trust <br />nevertheless, and in case of default in the payment of said Note or any part thereof or <br />interest thereon or in the performance of any covenant hereinafter set forth, then the <br />Trustee shall have the power to sell the above - described property, and upon request of <br />the Beneficiary, the Trustee shall file for record in the Register of Deed's Office of Hall <br />County, Nebraska, a Notice of Default, setting forth that a breach of an obligation for <br />which the said property was conveyed as security has occurred, and setting forth the <br />nature of such breach and the Trustee's election to sell the property to satisfy the <br />obligation; and after the lapse of not less than one (1) month, the Trustee shall give <br />written notice of the time and place of sale which may be between 9:00 a.m. and 5:00 <br />p.m. at the premises, or at the Hall County Courthouse, and particularly describing the <br />property to be sold, said Notice to be published in a newspaper of a general circulation in <br />Hall County, Nebraska, once a week for five (5) consecutive weeks, the last publication to <br />be at least ten (10) days but not more than thirty (30) days prior to the sale; and the <br />Trustee shall then sell said property at the time and place designated in this Notice, in the <br />manner provided by law in effect at the time of filing said notice, at public auction to the <br />highest bidder for cash, and shall deliver to such purchaser a deed to the property sold <br />consistent with the law in effect at that time. Additionally, Trustor hereby requests that <br />Trustee shall mail Trustor a copy of any Notice of Default and Notice of Sale hereunder <br />upon default addressed to them at 1926 No. Howard Avenue, Grand Island, Nebraska <br />68803. Out of the proceeds of said sale, the Trustee shall retain and pay first all fees, <br />