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<br /> � nEEn o� TRt�sm
<br /> (Shor� Form� ��� i'Q���`�
<br /> KNOW ALL MEN BX TNESE PRESENTS: that ROY T. SCHRUNK and
<br /> DEBRA S. SCHRUNK, husband and wife, hereina£ter referred to as
<br /> � the "Trustor.", to senure a Note bearing even date herew3th for
<br /> � the principal amount of NINETY-FIVE THOUSAND AND NO/100 DOLLARS
<br /> � (�95,000.00) payable to the order of JACK P. SORENSEN and
<br /> . � ROBERT L. SORENSEN, ,
<br /> , hereinafter referred to as �he BenePiciary , providing for pay-
<br /> ' ment o£ the entire principal balance, together with interest at
<br /> � the rate of ten percent (10�) per annum, in monthlY installments
<br /> ' � , of One Thousand Two Hundred and Na/100 Dollars ($1,200.00) each
<br /> until May 1, 1g95, at whiah time all remaining principa3 and
<br /> ; interest provided for by thi.s Note sh211 have been paid, do
<br /> � � hereby grant and convey untm AREND R. BAACK, Attorney at Law,
<br /> i P. O. Box 790, Qrand Is�and, NE 68802-0790, the "Trustee", the
<br /> � following-described property:
<br /> � Lot Fifteen (15) in "Holcomb's Highway Homes", a aubdi-
<br /> � v3aion of a part of the Northeast Quarter of the North-
<br /> � east Quarter (NE'�NE�C) and a part of Lot Four (u) (Main-
<br /> � land), all in Section Twenty-Eight (28) , in Township -
<br /> : Eleven (11) Norths, Range Nine (Q) West of the 6th P.M., ' :
<br /> � in Hall County, :�rebraska and Lot Two (�) in Bartz Sub- �
<br /> i di.vision in the City af arand Island, Hall County, ;
<br /> ; Nebraska, � _
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<br /> -- - TO HAVE AND TO HOLD the same, together with all appurte- t'�`
<br /> - -! na�nos: 1 r tm�nt nAy�ntt28�°$8 32:t1 '!Y2 L`�S� ^f` L7ef'o�1� 3,�. �Y.° - -
<br /> --s a ., .. .�.. ,. ....
<br /> j payment of said Note or an9 part thereof or interest thereon or -
<br /> ; in the performance of any cove�ant hereinafter se� forth, then °
<br /> ! the Trustee shall h�ve the power to sell the a�ae�e-described
<br /> � property, and upon requ�st of the Benefi.ciary, the�mrustee shall
<br /> � file for record in the R�gister of Deeds' Office of Hall �Gounty,
<br /> � ! Nebraska, a Notice of Default, setting forth that a breac22 of an
<br /> • . . obligation, for which the said property was conveyed as security,
<br /> ' has occurred, and set�ing forth the nature of such breach and the
<br /> Trustee's election to sell the property to satisfy the ob liga-
<br /> f 'tion; and after the lapse of not less than one (1) month, the
<br /> � Trustee shall give written notice of the time and place o�' sale '�
<br /> � which may be between 9 :00 a.m. and 5:00 p.m. at the premises, or � —
<br /> , at the Hall County Courthouse, and particularly descr�bing tlze `:���
<br /> ; prvperty to be sold; said Notice to be published in a newspaper � �
<br /> • of a general circulation in Eall County, Nebraska, once a week
<br /> for f�.ve 45) consecutive weeks, the last publicatiion to be at -
<br /> . least ten (10) days but not more than thirty (30) dayy prior to
<br /> • the saZe; and the Trustee shall thera sell said property at the
<br /> time and place des3gnated in the Notice, in the manner provided
<br /> � by law in ef°ect at the time of filing said Not3ce, and public
<br /> auction to the highest biflder for cash and shall �eliver to such
<br /> purchaser a deed ta the� graperty so2d, consistent �ith the 2aw in
<br /> ePfc�� at tha� ��ne. id�itioral�y, Trust�� shall muil Tru�tor a
<br /> copy of any Nmtice of Defa�alt and Notice af Sale hereunder upon
<br /> � � default addressed to them at Route I, Doniphan, NE 68832. Out
<br /> o£ the proceeds of said sale, the Trustee shall retain and pay '
<br /> first all fees, charges and cost� of sale and all monles advanced �-- -�
<br /> — in the exerGise of the power o2' sale, including the payment of � -
<br /> the Trustee's fees actually lncurred, and pay second the obliga- .
<br /> tions secured by this Deed of Trust; and the balance, if any, �
<br /> sha.Zl be paid to the persons legally entitled thereto. �
<br /> person or
<br /> Any person, includin�; the Beneficiary, may purchase said property
<br /> Lat such sale.
<br /> The Trustor covenants that at tihe time of delivery of these �
<br /> presents, they are seized of said property ir. fee simple, and �
<br /> that said property is free of encumbrances , except encumbrances , � , ;
<br /> ea�ements, ri�hts-of-w=iy, resL-rictions �nd reservat3ons of }., •
<br /> - . rec�rd, a�d the,y .:ill �roperl,l r,a�ntalr� the r�,�f�nL2��:;, ;;;:�;� �z17.
<br /> bu'1ldiri�s Snsured for fire arid exteridecl covera.c*,e in �n �mount
<br /> e!�ual to t.he unpald ba�anee c��' ��c� hrore:��±�i "ote, :•rj th ' �s�
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