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<br />TRUST DEED
<br />:tie -0929
<br />THIS DEED OF TRUST, made and entered into this 17th day of February .19 89
<br />by and between Daniel Flores. Jr. and Gloria Flor$!'rustor, and Insured Titles Inc.. . Trustee,
<br />as joint tenants
<br />and 3geurity Pacific Financial Services of igiftneficiary;
<br />Inc
<br />WiTNESSETH: That the Trustor does by these presents grant. bargain and sell. convey and confirm with Power of Sale unto the
<br />Trustee the following described Real Estate including all buildings, improvements, and fixtures of every kind now or hereafter erected or
<br />placed on the real estate, situated in gall County, in the State of Nebraska:
<br />Lot 3, tilssr,..c' 31, Packer and Basr'snAddition. tc Grand island, Hall
<br />county, me- raska.
<br />t31g possession of said premises is now delivered rititra said Trustee:
<br />TO HAVE AND TO HOLD the saute, with all rights, privileges, and appurtenancmtltfmto belonging unto the Trustee, his executors,
<br />administrators. heirs, and assigns forever. And the Truster hereby expressly waives. ref* x, and relinquishes unto the Trustee all right,
<br />title, claim. interest, benefit, and estate whatever, in and to the above- described premises and each and every part thereof, which is given
<br />by or results from all laws of the State of Nebraska pertaining to the exemption of hom.:t) And the Trustor covenants with the Trustee
<br />that he will forever warrant and deferrd.. the title to the same against the lawful claims of atll. persons whomsoever.
<br />iN TRUST HOWEVEP for the following t[e_cribed purposes: To secure full and prompt perf4rinance of all the terms and condi-
<br />timi s of that
<br />❑ Revolving Loan Agreement of even date herewith (including particularly, but not exclusively, prompt payment of all sums
<br />which are or may become payrlhie f:cm time to time thereunder) and any extensions, renewals, modifications or refinancings thereof,
<br />which Revolving Loan Agreement obligates Beneficiary, subject to the conditions stated therein, to advance to Trustor up to
<br />S , plus finance and other charges. lor)
<br />® Note of even date herewith, in the principal sum of U.S. S 8397.44 payable in monthly installments of.Grincipal
<br />and interest, with the balance of the indebtedness. if not sooner paid, due and payable on - 2/23/ , 19 44 .
<br />It is agreed by and between parties hereto that until tiling of Notice of Default, the Trustor. tiball: (1) pay all present and future
<br />takes and assessments, general and special, against said property before the same becomes delinquent or actionable; (2) keep all improve-
<br />ments erected on the land insured as may be required from time to time by beneficiary agAnst loss by fire and other hazards, casualties
<br />and contingencies, in such amounts and for such periods as are reasonable and may bN r+:,';uired by beneficiary. and to keep all policies
<br />of such insurance in force or effect upon the property herein described constantly assigned and delivered to beneficiary; (3) pay and
<br />comply with all the terms and conditions of any lien, claim or indebtedncs4,.that may �e senior to or take precedence over this Trust
<br />Deed as soon as any such payment on or of such lien, claim ur indebtedness shall bsa :ume due; and upon failure of Trustor to keep
<br />any said agreements. beneficiary may pa; such tax, pay for such insurance or pay eff reach liens or claims or indebtedness as the case
<br />may be, and the money so expended, with interest at 9'% per annum, shall be secured t�f this Trust Deed, and the Trustor agrees to repay
<br />die Same upon demand, anal upon failure to do so the balance of the attadied note shall become immediately due and payable at the
<br />option of the beneficiary: (4J specifically confer upon the Trustee the pov.w, t.,X <al.- as provided in Nebraska law; (5) retain possession
<br />of the premises and collect the rents and revenues therefrom.
<br />Upon payment of All illy! strt7a ,ecured by this Trust Deers. the Her;.ceYiciary shall request the . Trustee to reconvey the property and
<br />stWI surrender this Trust heed art.' all notes evidencing indeMediiess secured by this Trust Deed to the Trustor. Trustee shall veconvey
<br />the property without warranty to flat: prison or persons legal!v,emt tied thereto; but if default be made in the payment of said note or
<br />any part thereef or any of the interest thereon when due or in the faithful performance of any or either of said itt;.eements as aforesaid."...
<br />then the whole of said ni)w- shall become due and be paid as hereinafter provided, and this deed shall remain in force. the Trustee or
<br />his attorney may proceed '.a sell the property in its entirety or in parcels a *. the option of the Trustee hereinbefore described at public
<br />auction, to the highest bidder, for cash However, the power of sale herein conferred upon the Trustee shall not be exercised until (1)
<br />the Trustee shall first file for record. in the office of the register of deeds of each county wherein the trust property or some part or
<br />parcel. thereof is situated, a notice of default, identifying the Trustee by stating the names of the Trustor and names therein and giving
<br />the book and page where the same is recorded. a description of the trust property. and containing a statement that a breach of an obligation
<br />for which the trust property was conveyed as security has occurred. and setting Furth the nature of such breach and of his election to
<br />sell or cause to be sold such property to satisfy the obligation; and (2) after the lapse of not less than one month. the Trustee shall give
<br />notice of sale as provided by Nebraska law. After notice of default and lapse of not less than tine month. the Trustee shall give written
<br />notice of the time and place of sate particularly describing the property to be sold by publication of such notice. at least five times.
<br />once a week for five consecutive weeks. the last publication to be at least 10 days but not more than 3(t days prior to the sate. in some
<br />newspaper having a general circulation in each county in which the property to be sold, or some part thereof: t, situated. Upon such
<br />sate. the Trustee shall execute and deliver a deed of conveyance of the property sold to the purchaser or purchasers thereof and Inv
<br />statement or recital of fact in such deed in relation to the exerciseof the powerof bale and sale of the property &:scrOled thercu;. including
<br />recitals concerning any trailing. personal delivery and publication of the notice of delauit.:tr: o ,wd tine vublication and pitsttnf*
<br />t,f notice cif sale. and the conduct of sate: and such recital shall constitute prima facie evidimce o: srich cti;ta+galice and c oncluws a C%, idence
<br />thetevf in favor (if hona fide putchaser3 and encumbrancers for value and %sainewt notice The trustees decd shall tiper.tte tr 1.011%e1V
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