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<br /> _ � TRUST DEED gp_:1 o i 19 s
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<br /> THIS DE€d O�TRUST,made and ent�red into this �th �ay�g rt�rch , �c�0
<br /> � Steven D_ Tia�ons and Cheryl K. T TIt�T Title Insurarice Company
<br /> by und between i?44�►r,and .Trustce.
<br /> Sasbana and Wife as Joint Tenants
<br /> and�ecurity Pacfffc Pinancial Sernfces of Iowag���l�.y,.
<br /> Wt€NESSETH:'Chat the Trustor does by these presents grant,bargain and sell,convey and canfirm with Power of Sale unto the
<br /> Trustec the following descnbed Real Estate including all build'mgs.improvements,and fixtut�s uf every 6cind r�ow on c�reaf'ter erected or
<br /> pla�ed on the real estate,situaud in A$11 Co�ty,irt the State of Nebraska: ,
<br />� � The Snutb � of Lot 4, Bloak 1 ia Dodd and Marsha2l's Addition to the .
<br /> Viilaqe pf Woat Riner, Hall County, Nebraska.
<br /> - and possessior�of said premises is naw delivered unto said Trustee: � _,
<br /> . . .. '�� . .
<br /> TO HAVE AND TO HOLD the same,with�1l.ii�:�,privileges,and aprurtenaa�es thereto be!r_�:�ng unto theTx��str.r;Y;::�xecutors, ' � .
<br /> adminisVators, E�eirs, and assigns forever. And th-:"T�-tor hereby expressly waives,releases,ane� r;:;:�.��.:ishes unto t�i� ?'r_�.,�11 right,
<br /> �
<br /> title,claim, interest,benefit,and estate whatever,in;:;r.�3 to the�ove-described premise�;�:.d eac�:�:�:s:.���very gar� t�,.reot;wt,ich is give� .,
<br /> by or results from all iaws of the State of Nebraska r erc�inir.g r:,`F.e exemption of homer..:.��.,�r,,L:�:;Trustor c��c:���ts with the Tr,�stra: :
<br /> that he will forcver warrant and defend the title totn:�;.same aga��t the lawfud claims of a:'r'p�rc���'��msoever � � . � . , . ;
<br /> � � � . � �
<br /> � IN 7RUST HOWEVER,for the following described purposes:To secc*e full ar�c,��mpt performance a�.�:'.;�the terms and con�� " �.
<br /> , tions of that " � ; �
<br /> ; ❑ Revolvins Loan Agreement of even date herewith (including ��r'ticularly, buf not exclusively, prompt payment of all sums -
<br /> which are or may become payable from time to time thereunder)and any extensions,renewals,modifications or ref inancings thereoP, �
<br /> which Revolving Loan Agreement obli�ates Beneficiary, subject to the conditions stated therein, to advance to Trustor up to
<br /> , S, ,plus Gnance and ather charges. ,� 4or} • .
<br /> � Nate of even date herewith, in the principal sum �r�+J.S.� 6025.96 payable in monthly installments of principal
<br /> and interest,with the batance of the indebtedness,if no!sooner paid,due and payable on March 12 , t9 95 ,
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<br /> '� f It is agreed by and between parties hereto that ur.til fi�er�.:of Notice af Defau:��the Trustor shall:(i)pay all present and future. .
<br /> taxes and assessments,genera!and special,against said property'trefore the same becorres delinquent or actionable;(2)keep all improve-
<br /> � . ments erected on the tand insured as may be req�.�:-:,�from time to tinie I���uenefciary against loss by �re and other ha[ards,c:asualties
<br /> � artd contingencies.in such amaunts and for such �riods as are reasonable and may be required by beneficiary.and to keep all policies '�
<br /> of such insurance in force or effect upon the proper�y herein described constantly assigr+ed and delivered to beneficiary; (3) pay and �'
<br /> � comply with al! the terms and conditions of any lien,claim or indebtedness that m:iy�be senior to or take precedence over this Trusl �
<br /> Deed as soon as�any such payment on or af such lien, claim or indehted�,r,ss shall become due: and upon failure of Trustor to keep ,�.
<br /> , any said agreements, beneficiary may pay such tax,pay f�r such insuranr,��sr pay aPf such liens or claims ur ii�debtedne�:�a,y the case
<br /> . may be,and,the r�oney�'o expended.�vith interest at 9%per annum,shall';te secured by this Trust Deed,and the Trustor ag�:�:3 to repa?J
<br /> ; the same upon demand,and upon failure to do s� the balancG cf the at,2thed note sh�ll become amr►tediately due and par;���ie at t�a�
<br /> ' option of the benef'tciary:(4)speci�cally confer upon Ihe"Ih::,.ec: the po,.:^ of'sale as provided irr Nebraska faw:(5) retain i.-:��:�:�;ir,r4 �
<br /> of the premises and collect ths rents and revenucu t.fusref'ram.
<br /> Upo� paymcnt of all the sums secured by this Tnist [3eL�2, the BencGciary shail r��j�.cest ti:e 7rustee to recona•ey the property and,
<br /> shall surrender this'f'rust beed and all notes evidencin�indebtedness scru~:u hy tl::�.s 'C!'i.:st becd to the 1'rust�r. Tre�stee s�all reconve�
<br /> the property withotit warranty to the person or persons legally e�titled ti��:r::.r, but if default be�t�:.�de in the payment af said note or
<br /> any part thereoP or any of Shc interest therean when due or in the faithf u� ;;erformance uP any a:z-it':�r of s�ud�igrcements�s:�foresaid.
<br /> then the whote at'said note shall become due and be paid as hereinaf'ter provided,w�r�;this deed shall remain in fvrce:the Trustee ar
<br /> h:s attotney may pruceed ro sell the property in its entirety ur in parcels at the up2i.c>n of' the Tre�stee hereinbei'c�re descrihed at public
<br /> auction,to the highest bidder,for cash. However,thc pow•er of sale herein cc�nferred upon the 7rustee sh.iil nut be exercised until(!l ---- ------
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<br /> �the Trustee sh�ll �irst fiie for record, in the of'fice of' the rebister af deeds c�f each county wher�in the trust rrc�perty or some part or �
<br /> parcel thereof is siw��ted a notice c�f default,identii'ying the Trustee by stating the n�mes aF the 7�rust�r and names thercin and giving '
<br /> the b�wic and p:�qe where the same is rec�rded.a description of the t�ust property,�tnd cont3ining x statement that a breuch of an��bli�tian ,
<br /> . for whirh the t.rust property was conveyed as security has aerurred, and setting forti� thc nat�ar� of sttch breach anci c�f'hQS electiun ta s
<br /> seii Qr eaase ro be sofci sueh praper[y co satisiy the c�$t��ation:,ind(Z)alter tf�e lapse of not tess ti�an pi�e munffl.Ihe'Trustee�hall give �
<br /> notice of's:ile as �ruvided bv Nehraska law. After notice uf defaolt and l�pse of nc�t less than �ne month,thr'Trustce�hall �icr wriUcn �
<br /> � � notice of' the time.Iil(I pI�CC OP 5:tIC FY,IftICUIJfIy desrri�ing the pruperty to be ���Id hy puhlic.iti��n ��I' Such n��tice. ��t Icatit t��e times.
<br /> nrtce�s w�eek fi�r five c��nsecutive �reeks,t}�o last public.�tioi� tc►be at Icast 10 dags but nut �rtote ihaai 3t1►da�ti�rte�r tc.thc tialc. ir� tis�me
<br /> � newspaper havin�a �,:ener,il cireul�tiun in eucFi c�,umy ii► �vAich thc propetty to he suld. e,r snn►e p�ut there�,t: i���t�iate�i. t!�u�n �uch t+
<br /> l �IC, thC 7rutilce �lit�{! Crccule t�t�d dcl►vrr u Qced uf' c�,ncey�ance nf' the propert� 5oW to the pu��hasc�• „r ��urct�.itcr� ilie:'e�,f� un�� arjy ��
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<br />— s:utentei�l c►r reciE.d�,t fact in Such dced m relat��+n U,Nie ereni�e c,f the�o�eer c�f�air.en�l�ale��F tiie�,nq�ert� e1�.�r�hcJ there�n.iirchi�l�n�; �, ��,�
<br /> _ riCitsls i��E,eerFti!n=a��� n�aili��� �e�zc,��aI deI':vety au�! puhlie.�tiu►i E�f 1}rt�na�ti�;c�,f clei:�i�l€_:i»: ni��ilii���=��id tfi� {�tii�l�caf���ir ,tF1E� Etf��ttil� � • -
<br /> ; uf nulicC u�safe.and the cemtluct id'`�te:an�l ruri�re�:ittd�h�dl rt�ra�ti[ute pnnn,e f<ICIC C�Itll'IICC k+f�uc!�cui����li��tue anJ rtmrlu���e e��dencc
<br /> tfiereul in ;.�4��r �,1 ham:i tide pu�eha�,ers i!IiII�II1U111I)ia1111'EFti �f�P 4dI111' and �:�!h�,ut ri��hce. !he Ir�E.tc�;�terei �tiaH n�,er,ete i���„i�rec
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