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<br /> TRUSFDEED �
<br /> �-10i133
<br /> � ' TI�IS QEEQ OF TRUST maQe aRd entered into this ?na �y of March . ._�q 90
<br /> • by 2iid 6etW�Clt TOAy R. Lopez anc3 A2fcia T. Lo�,ez ,Trustor.and �'•W Title Iasurance �ompany ,Trustee.
<br /> � Snsban�3 and Wif� as Jvint Tenant�
<br /> �� Security Pacific Financial Services of ia����a�..
<br /> WiTNESSETH:That the Trastar does b}these presents grant,bargain and sell.convey and confirm with Povvea of Sale unto the
<br /> 73rtzstee t�te foltawing described Real Estate incl�:ding�li buildings,improvements.and fuxures of every icind now or hereaftee erectzd or
<br /> � placed an the teal estate.situated in gall County,in the State of Nebraska:
<br /> �
<br /> East 14 feet of Lot 14 and all. of Lot 15, B1�Ck 5, Dill and Huston's Addi.tlon
<br /> to the City of Grand Island, Hall CQUnty, Nebraska.
<br /> and possessior�af said�remises is naw delivered unto said Trustee; � . .
<br /> TO H!�'u.�AND TO HOLD the same,with all rights.grivileges.and appurtenanc�s chereto bel�nging unto the Trustee,his executcr.,� .
<br /> administrato�:heirs,ared assigns forever.And the Trustor hereb�• expressly waives. releases,and r�linquishes unto the Trustee all ri�#'�:.. . '
<br /> ti�Ie_claim,interest,ber��t.and estate whatever,in and ro the above-described premises and eacl�,>>>.d every part therenf,whic�n is gi•nn� ,
<br /> E:.-��-rasutts.from al�taw��nf the State af Nebraska pertaining to the exemptiar�of homestead.An�3 tt:�7'rustor cavenants vrit:i',t�e Trustee .
<br /> that:L�u-°���t�;�:�ever warcant and defend the title to the same��a.inst the lawful ciaims of all persons whomsoever. �
<br /> IN TRUSi'f-�f5��'EwEK,for the following described �u��ses:To secure full and prompt perforrnance of a11 the tert�ss and condi- � '
<br /> tions of that ,
<br /> ❑ Revolving Loan Agreement oP even date hereviitJi t;acluding particutariy, hat not exclusively, prompt payment of ail surrrr =
<br /> which are or may become payable from time to time tE�E{�:inder)and any extensicr��.renewals,modifications or refinancings thereoY; -:
<br /> which Revolving Loan Agreement obligates Beneficiary. subject to the conditions statec£ ti��rein, to advance to Trustor up to . .
<br /> � ,plus finance and other c1ia..°�es. (or)
<br /> 0 Nc+.e af even date herewith, in the princ:��i s�.:_;,�f U.S. $ 5870.60 payable in manthly installments uf principal '
<br /> and inr6n.�st,with the balance of the indebtedness,if r�c,00ner paid,due an� payable�n March 7 . �q95 —
<br /> It is a;*.ed Eti�ar� bettiveen parties hereto that �ntii r��:ng of Notice of DePault, the Trustor sha1F(1 i t?:.�' all pre��rt:;��d future
<br /> taxes and a�:�:�sments,g�neral and special,against said pra�.e,:�� before the same becc�,�,�s delinquent or actian,l`+'ie:(2)keep all impra��:r �
<br /> , ments ereetc��'�n the land insured as �nay be requireci fr^n� ii,�•.:to tim: by bene�c��,*� against loss by fire anu other hazasds,casua':�::�
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<br /> and eontingencies,in such amounts a:�d for such per,��s,,�;re reasonable and may be required by beneficiary,and to keep all poli.,•ies f
<br /> of such insurance in farce �r ePfect upon the �s��.;'ty herein described canstantly assigned anct delivered to beneficiary: (3)pay and 4�:
<br /> comply with all the terms and conditions oi'any ::�n,claim or indebtedness that may be senior to or take precedence over this Trust
<br /> � Deed as soon as any such payment on or of such lien, ci����. or indebtedness shall became due; and upon iailura of Trustor to keep ��'�
<br /> any said a reements,bene�ciar ma a �uch tax, a Pcr �._�:h insurance or �`�
<br /> g y y p�y . p y pay �fP such liens or claims or indebtedness as ihe case
<br /> may be,and the memey sa expended,with interest at 9'% �er a:�!im,shall he secured by this Trust Deecl,anci the Tcusror agrees to repay �
<br /> the same upon demand, and upan failure tc►do so che balar,:<_ of'the att;ched nate shall become immediately due and payable at the
<br /> option af the beneficiz;v;(4)specifically confer upcn the Tn���r.ee the p�,:-,�r oP sale as pnavidecl in Nebraska law;(5)retain posse5sion
<br /> of'the premi�:�:;and cnliect the rents�nd revenues:herefcor�i.
<br /> Upnn p�yment of al1 ihe sums secured by tRiis 'frust Deed, the Beneficiary shal) request thr.'i'nastee to reconvey the prn�erty and
<br /> shall s��rrender this Trust Deed and 711 notes evidencing�indebteclness secured by thi5 Trust Deed t� the Trust��r. '('rustee shal{ rccanvey
<br /> the property with�ut wurr�my t� the person�r persons letally entiticd thcret�r, but if def<ialt be made in dtc:payment of' said ►�ote��r
<br /> any part thereof or�rry vf the interest thereun when due ur in the faithful pert'osmancc c�f any or cittier uP said�;reements as at'e�resaid.
<br /> then the whole of'said note shall become due :md tse paic! as hereinaf'ter pruvided. and this deed shall remain in force; the Trustee or
<br /> Itis �►itc+rnev may proceed to sell tiie praperty ii� its entirely or ii� �cucels at tf�e �+ption c�f' the'i�ru�tee hereinhcti�re de�crihed .it r��hlir
<br /> auetiun, to the highest biddcr,for casi�. How�cvcr, the pow•er of sale herein c�mferred upu�r thc"I�rustee shall not be exerciseei until (I) _ .__ _ ___
<br /> thr Trustee shall �rst file f�r recc�r�. iil the office of die re ister af deeds�f cach count • wherein the trutt re� ert ��r �ome � �
<br /> g y p P Y p��rt or
<br /> parccl thereof is situatcd.a notice of defauit,identifying thc�Trustec by stating tiie n�unes of' t},e 1'rustor and names Nierein��nd givin�
<br /> the b�rsk artd page wiiere ihe same is rerorded,a descripticm of'the trust�t�pertp.and cuntai�iing a st.itcrocnt lfiat a breach uf�an ubli�atiun
<br /> for whi�h the tru�t pruper�y� was conveyed t�s security� has occurred, vid setting fi�rth the nuturc ��f tuch bre�tch and�f his el.rtion to ,
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<br /> 5c�� ii�t3tt5�iv�'�avlt��tic��;iv�r-riy iv aa:nfq i{ic vi�if�tiiivtt:��tt�f�)u�ict Itic tu�rnr vf ri�,E tr+w t{rttr c+�tr ttn+i�tt�. IIIC TI�7�{CC SIt�lFt�:i4C
<br /> _ �iuti�e uf salc ati pruvid�d b} Nehr;iska law. After�u>tice e+i� dcfiu►1t an�l Ie�nsc uf noi letis tht�n unc intmth. thc �Iruttcc�ha►t gi�c writtcn T�
<br /> � nutice c�f the tiine an� pl:cce of' sale parlirularly� deticribm�thc prapert} t�� h� tiuld by �iuhiir,rt�nn nl' tiitch nutirr. .it leatit lice tuner. ��.
<br /> unte a tseek firr tire cnn.ccutive uceks. ihe latt puhhc.itinn•t�� ne a� tca�t tO days hut nnt mt�ic t(�ari �I) �l,syti �n�i�,t� r�► Ihc �ale. in ��tii�c
<br /> ��etvsp�pet h;evm� a �:er�crel circt�lali�m nt tacFi c��wrty in t�litch tlie pr��ptrty tu tie 5nitf. i�e ti��in_ p�ert tlirrruf. i.��t�i.�trcL 1-puti ti�ich 'h,
<br /> sale. the irustcc ��h;�ll c�ecute au�i deliv�r .� dce�l nt' r���►rcya��cc ��i tlze pr��perly st�ld tc, the pu�•cha��r „r ��nrcfa.ne�, tlu•rc�,t .�n�! anf , ��,L
<br /> _ �tatru�eid��r�ecit.il a,f'fs�t�n�w:Ei dt::�! tri r�hitrnn t��the c�ctcitie i�f tl�c�,t�:+.rs u4 �.dr an�l�air r► Ihc E>>�+��rr tf ilr.ci�hrel tt�cir�n. rn��ucFnig �.
<br /> � t�cifa(v C��tt�ct��l��_,: �h4 ttruf�r�u. �+c��c�i�i dci,�crti anu publtt�tinti ot� tftc r�att�-c ��I cScl�tiit. .li!}" R1:ItJ[l(n:Jii�( t��c t�u(�hc.itmr� .ixiJ ����;trn� :, �
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