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<br /> �'`'•'' The Power of Sale confened upoa thc Trustee shalt noi be excrciacd unW the Trustco shaq first filc for rCCOrd, in
<br />-�y ��,;?;,� tha pfficc of the Re tcr of Deeda of each caunty whcrein the trust praperty or some part or parcel thercaf ia �situated
<br />��=��-�'.�:' a Notice of Default,�eetifying thc Truat Dced by stating the nuaes of tha Truetor aamed thcreIn end ving the Hoc�k dnc{
<br />.����,., P�ge where the samc is recorded, a deacription of the truat proparty� and contaiaiap a statcment t�at a braach of an
<br />;_-;j;�; obligatlon for which the tru�t propecty waa caavcyed as securlty has occurred, and sctttng forW the natura of such bre�ch
<br /> . . and his election to sell or cause to bc sold such property to satisfy thc obGgation; and afRcr the lapsc of not Icss than one
<br /> ;+•� � month,the Trustca shaU give aotica of sale as provided by tVabraaka lnw. '
<br />";�� Aftcr Nodcc of Default and lapsc of not lesr than oaa moath,the Truatee shall givc written noticc of the time and
<br /> lace of sale particularl describing tha Property to be sold by publication of such notice, at least five dmes, once a week
<br />-�..•.� �or five cpnsecutiva weeks, the laat publlcation to be at least 10 days but not more than 30 days pr�or to tho sale, ia 6ome
<br />-' , newspaper having generel circulation in eaeh county in wlrich thc property ta bc sold, or sonie part tl;ereof, is situated.
<br /> ��: • '� Upon such sale, the Truatee shall execute and deliver a daed of canveyance �f the property sold to tha purcheser
<br />-::._;;������ or purchasers thereof and any statement or redtal of fact in such deed in rclation to the cxercise of the Power of 3ale and
<br /> r- � sale af the propercy described herein, inclu d i n g recitals eoncerain g an y mailin g, p ersoaal delivery end publication aad
<br />- ='''�x�� s of natice of such sale aad the conduct of sale, shall constitute rima facie evidencc of such comgliance snd
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<br />=�- ;� �,;, conclusive evidence theroof in�avor of bona fide purchasers and encumbranccrs for valua and without nottce.The Trustee's
<br />�'�`�" �, deed ahall operate to convey to the Purchaser� wdhout right of redemption, the Trustee's title and all rlght, title and claim
<br />--•=�'ii�?;,�„� of Trustor and his successors in intcrest subsequent to the execuuon of the Trust Decd.The Truatee shall apply W'e pracxeds _
<br /> ;_=��r^.�':� of the Trustee's sale,FIRST,to the cost and expenses of exercising the Power of Sale,and of tbe bale�including the payrnent
<br /> "�--��'j'��� of the Trusteds fees achially ineurred,wiuch fees shall iaclude a raasonable attorncys fee,not to exceecl S35Q.00; SECOND� �
<br /> L� '��' 4 �� to the payment of the obligations secured by the Trust Deed; THIRD, to tho payment of junior truat deeds, mortgages or
<br /> ..��..�w''" othcr licnholders and thc balanco,lf an ,to the �
<br /> .:,j���� , y person or persons legally endtled thereto.
<br /> � And the Trustee covcaaata faithfully to perform the trust herein created. Tn�stee shaU have aa obligations under
<br />=--i`'.;;�;�, this Trust Decd other than those cxpressly provided for herein. _
<br /> ' BENEFICIARY may from time to time sttbstitute a successor or succesaors to aay Trustee named herein or acting
<br /> �;�'.`� ���• hereunder to execute We Power of Sale under this Trust Deed. Upon such appoiatment and without coaveyana to the '
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<br />,-- successor� ehe latter shall bc vested with all tide, powess, and duties confened upon eny trustee herein named or acting
<br /> ' ' hereunder. Each such substitution and appointment shall be made ia accordancc vtinth the laws af thc State of Nebreska
<br /> =;�'�'',•,�' applicable thereto.
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<br /> _ s . The waiver by the Trustec or Beaeficiary of any dcfault of Trustor under this Trust Deed shall not be decmcd to
<br /> .;' . ��. �e e w2�y�*of�y othPr or siml�r sl�fanits sttbseguentl;ocruzriag.
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<br /> - ��'�'�� This Trust Deed shall be construed according to the laws of the Stata af Nebraeka.
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<br /> "'-'�'` Tlris Trust Deed shall inure to and biud the heirs, le�atees, devisees, adminixtrators, executore and assigns of the
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<br />= ��h� ' parties hereto.
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<br /> Thc parties hereto requcst that a copy of any natice of default or nadce of sale hcreunder shall bc mailcd t� thc
<br /> -___�_�.� Tn�stor at 28Z6 BREN'lyVOOD BLW, GRaND ISLAND� Nebraska 68801 and to the 6eneficiary at 2511 LAKEWQOD
<br />__.�� URIVF, GRAND ISLAND� NE 68801, by certified mail� unless either pazty shall bo advised, in writiug, of uny cbeago in
<br />_-4i���,� address.
<br /> �``�� Wherever the coatext so re uires singuler words shall be conatrued ia the plural end vice versa,and the musculine
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<br /> _—��,, gendcr ahall be construed to include the femininc and vice versa.
<br /> �������� WITNESS OUR HANDS thih 18th doy ot December,1997. ,�"-
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<br />�"���'"�'' STATE OF NEBRASKA
<br /> '-`:�i�;:+�. COUNTY OF NALL
<br /> -c`.�;�+��� The fore oin instrument was acknowlcd ed before me this 18tL
<br />-`=""''`''� ` SINGI.E�E�ON. g day of December, 1997 by SIAMAK KARIMIA,N� A
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<br /> eNsep�N�o����5•dtlfllON 1YH3N3J �
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<br /> When this Trust Decd has bcen paid in full, the Beneficiary, in order to releasc the lien, must: =
<br /> 1. Mark thc original Promissory Notc and Trust Decd 'Paid In Full' ovcr �hc signaiures of all bcncficiarics and date F-
<br /> all signatures. • -.
<br /> 2.Advise the'Trustec, in writing, that all amounts secared have been paid in full and authorize the Trustee to issue -.
<br /> a Ueed o[Recanveyance. -
<br /> 3. Mail the oriq'u�al Promissory Notc, Trust Beed and writtcn authorization to thc Trustee at the address indicated
<br /> ou the first page of tFusTrust Deed,
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<br /> -�-—•— a uwuau► w a�cvtaout �av� �`vE it`U3LCC CNOIIU[ iIRU NIII ROL tB9UC 9 I!C!O Oi xeconveyance U�I!'98 Uda UApI TIIE -
<br /> foregoing items 1.,2.,and 3.have been compiled with.
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