200006340 - Laserfiche WebLink

Browse

200006340 2no 6i8o PARCEL 2: The East Half of the Southwest Quarter (El /2 SW1 /4) of Section Three (3), Township Eleven (11) North, Range Ten (10) West of the 6th P.M., Hall County, Nebraska, excepting therefrom tracts of land more particularly described in Plat of North Fork Subdivision recorded as Document No. 86- 102771, Trustee's Deed recorded as Document No. 86- 104747 and Quitclaim Deed recorded as Document No. 87- 101842. PARCEL 3: The West Half of the Southeast Quarter (W1 /2 SE1 /4) of Section Three (3), Township Eleven (11) North, Range Ten (10) West of the 6th P.M., Hall County, Nebraska. PARCEL 4: The East Half of the Southeast Quarter (El /2 SE1 /4) of Section Three (3), Township Eleven (11) North, Range Ten (10) West of the 6th P.M., Hall County, Nebraska. Five Points Bank of Grand Island, Nebraska, a Nebraska corporation, the Trustee and Beneficiary under said Deed of Trust, has directed the undersigned, as attorneys for the Trustee, to cause this Notice of Default to be filed as required by law. The Trustors under said Deed of Trust have breached the Deed of Trust by failing to make the payment of principal and interest when due on March 15, 2000, under Loan No. 760398. By virtue of Trustors' failure to make the payments when due under the above Note, the Trustee and Beneficiary have declared a default and an acceleration of all of Trustors' obligations under Loan No. 760398, which Note is secured by said Deed of Trust. The real estate described in the Deed of Trust is used in farming operations. The default may be cured within two (2) months of the filing of record of this Notice of Default, and the Promissory Note and Deed of Trust may thereby be reinstated. The nature of the breach by Trustors was the failure to make the principal and interest payments under the above Note as follows: The amount of the entire unpaid principal sum secured by the Deed of Trust is One Million One Hundred Forty -Nine Thousand One Hundred Seventy -Three Dollars and Seventy - Two Cents ($1,149,173.72) with accrued interest through the date of the Notice in the sum of One Hundred Forty - Seven Thousand Six Hundred Ninety -Seven Dollars and Eighty -Six Cents ($147,697.86), with per diem interest of Five Hundred Ninety -Eight Dollars and Twenty Cents ($598.20). The amount of the unpaid principal which would not then be due had no default occurred would be One Million Two Hundred Ninety -One Thousand Four Hundred Eighty -Seven Dollars and Thirty -Eight Cents ($1,291,487.38). -2-