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Prepared by and when recorded return to: Kutak Rock 4 Campbell 1650 Farnam Street Omaha, NE 68102 Attention: Raymond J. Fehringer,..Ee ... NOTICE OE. TO �r1 . LT ` G' .ANCERLi: : . Gicand liiland ta 11, .Ltd. , as trustor ( "Trul�tor l , on September 26; 1964 made, executed and delivered to William W.. Barney ( "Barney "), as trustee.and Balcor /American Express Real Estate Finance Inc. (now known as Balcor Real Estate Finance Inc.) ( "Balcor "), as beneficiary, a deed of trust (the "D.-.-.d of Trust ") covering the property (the "Premises ") described as follows: Lots 2, 3, 4, 5, 11, 12 and 16 Grand Island Mall Eighth Subdivision (formerly known as Lots 2, 3, 4, and 5, Grand Island Mall Fifth Subdivision) in the City of Grand island, Hall County, Nebraska WHEREAS, the Deed of Trust was given as security for the repayment of the indebtedness evidenced by the Trustor's note dated September 26, 1984 to Balcor in the original principal amount of $3,150,000, which Deed of Trust was recorded in the office of the Register of Deeds of Hall County, Nebraska as Dacument No. 84- 005068; and WHEREAS, Barney has been replaced as trustee by D. Charles Shoemaker, Esq., a member of the Yebrcatka state Bar Asscciatian ( "Trustee "); and WEREAS, a breach of the obligations of Trustor for which the Deed of Trust was made has 'occurred, to wit: -- Trustor has failed to tender payments of interest due in the aggregate amount of $362,760.26 as of February 28, 1989 and has further failed to pay real•ast.a4e takes relating to the Premises as the same became delinquent ire the amount of $257,619.03 (including interest thereon) as of February 28, 1989; THEREFORE, notice is hereby given that the undersigned Trustee, at the request of Balcor, has elected to consider all of the indebtedness to be due and payable in consequence of this breach and has elected to sell the real property described in the Deed of Trust to satisfy this obligation. ~� r NE 15405 Re& c MS hQ {G r`