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<br />TRUSTDBED 89-- 101950
<br />THiS DEED OF TRUST. tradetand entered into this 171.h day of April .19 119
<br />James E. Hendrickson and Nancy Jo Insurer] Titles Incorporated
<br />by and betwzert Y , Trustor, and ,Trustee,
<br />Hendrickson, Husband and Wife
<br />and Security Pacific Financial ' *cervices of ITMtAflEtary:
<br />WITNESSETH: That the Trustor dares byi% +hese presents grant,!margain and sell, convey and confirm with Power of Sale unto the
<br />Trustee the following described Real Estat: irniveing all buildings, ;,= *nvementr, �andAxtures of every kind now or hereafter erecwl or
<br />pl=dw the real estate, situated in Ball :.t County, in the State :01 Nebraska:
<br />;... Lot 2 in !�bn•k 14 .Liz -.Rp3 fin's Addit ; to the City of .grand Isiiac'�,
<br />a:L• Cottn 'Nebraska..
<br />and possession of s:eci! premises is now delivered ur. :,a said Trustee:
<br />TO HAVE AND TO HOLD the sarn., with as5laghts, privileges, and appurtenances thereto belonging unto the Trustee, his executors,
<br />adminiswators, heirs, and assips. forever Antcl the Trustor hereby expressly waives, releases, and relinquishes unto the Trustee all right.
<br />title. claim, interest, benefit, and estate whateve7. in and to the above - described premises and each and every part thereof, which is given
<br />by or results from all taws of the State of NehTaskal p etaining to the exemption of homestead. And the Trustor covenants with the Tr!istee
<br />that he will forever warrant and defend the title to 1hAsame against the lawful claims of all persons whomsoever.
<br />IN TRUST HOWEVER. for the following described purposes: To secure full and prompt performance of all the terms and condi-
<br />tions of that
<br />❑ Revolving Loan Agreement of even date "he:m%ith (including particularly, but not exclusively, prompt payment of all sums
<br />which are or may become payable fiorn time to tirrn.t thereunder) and any extensions. renewals, modifications or refinancings thereof,
<br />which Revolving Loan Agreement obli:ptes Orm. iciary, subject to the conditions stated therein, to advance to Trustor up to
<br />$ , plus finance and other charg(ss,, (or).
<br />® Note of even date herewith. '.11 tit-, prirecipa4 sun, of U.S. S 7901.23 payable in monthly installments of principal
<br />and. interest, with the balance of thesntidg-rda s, ii-not sooner paid, due: and payable on April 21 . 19 94
<br />It is agreed by and between parties hereto that u.r +tilliiling of INt.aice of Default. the Trustor shall: (1) pay all'present and future
<br />taxes and assessments, general and specW. against sayd p §,n -.rty befoie the same becomes delinquent or actionable: (2) keep all improve-
<br />ments %ected on the land insured as may be required f torn-iime to time by beneficiary against loss by fire and other hazards, casualties
<br />and contingencies, in such amounts and for su; h pericills. as are reasonable and may be required by beneficiary, and to keep all policies
<br />of such insurance in force or effect upon the properrty i.�-rein described constantly assigned and delivered to beneficiary: (3) pay and
<br />comply with all the terms and conditions of any li-*.rL claim or in that may be senior to or take precedence over this Trust
<br />Deed as soon as any such payment on or (if suti kni. claim or indebtedness shall become due: and upon failure of Trustor to keep
<br />any said• agreements, beneficiary may pay stint•+ tarn. pty'"t'or such insurance or pay off such liens or clainn or indebtedness as the case
<br />may be.and the money so e)pendad. with interest a 19';t per annum, shall he secured by this Trust Deed, and the Trustor agrees to repay
<br />the same upon demand. art(# to do so the balanc: of the attached note shall become immediately due and payable at the
<br />option of the beneficiary. (41�sptta :i(iwillj confer urt)n the Trustee the power of sale as provided in Nebraska lzw, ( 5) retain possession
<br />of the premises and collect there -tri and revenues tl<t':refrtlm.
<br />Upon payment of all the sums secured by, tt' :s Trust Deed. the Beneficiary shall request the Trustee to rec(n vey the property and
<br />shall surrender this Trust Deed and ail n, :4tts e•.i6%cing indebtedness secured by this Trust Decd to the Trustor. Trustee shall reconvey
<br />the property without %varranty to the pence w1pl:rsom legally entitled thereto: but if default he made in the payment of said note or
<br />any pan thereof or any of the interest thereonl,wh'en due or in the faithful performance of any or either of said agreements as aforesaid,
<br />then the whole of said note shall becor-e dzctarrd be paid as hereinafter provided, and this deed shall remain in force. the Trustee or
<br />his attorney may proCced to ,ell the p-taft;rtj, in, -its entirety or in parcels at the option of the Trustee hereinbefore described at public
<br />auction, to the highest Nd:ier. for arih Hax.:•er, the p.) ter of safe herein conferred upon the Trustee shall trot be exercised until ( t )
<br />the Tru,,tec Shall first fits: FiLo (1, trr, the office of ih rc"!itEi of drat% ill' eadi ctmmty' v6hurcin the trust
<br />t- pmpert} or stntte l►_trl (.r
<br />parcel thereof is situated. a not ce of defau? , identity�ine'the "frustee by stating the names of the Trustor and names therein and giving
<br />the book and page where the same is rece Mdt .s description of the trust property. and containing it statement that a breach of an obli_1:alion
<br />for which the trust property was conveys(1 as security his Occurred. and setting forth the nature of such breach and of his clection to
<br />self or cause to s e M:1Td s ict, property to satisfy the obligation: and (_') after Eh: lapse of not less than (me nlonth. the Trustee shall give
<br />notice (if s:+le as provided h;: Nebrtska law. After notice of default and lapse of not less than one nwrith. the Trustee shall rive %rnten
<br />L notice of tl:e time and place of site p:articularty d_scrib_ :;!g the priverty to he sold by llubticatton tit' inch notice. at (east fife t11ne�.
<br />once a %eek for tine voincc'uttw Aceks• the last puNitatitin to In at ka,,i fit day, but 110t MOW th,t11 Zit Et.tyi VTlitr:lt tilt: i,tiC. 111 �tllltc
<br />ne;4spapeYr hj',Ing a Ltl?Cra! circul,.tr(trt M eweh COUr1'.y 1r) t,l11d11 th'_ pr(lpm -. tti he still . v! .;Rote lm,t tlicrerl 1N %atuicd I iron sucti
<br />-ale. role fril :tei' "fiLdl CFeCUtte and d0ncr a deed (tf cofive)artce if the pr(TPUM otd to tiK pilrf:h,i�vr ttf Vurdlia,cri Oicr:_*ot ,iti,f X111?,
<br />ttdtcr,unt or rccri -il�t' tact irl it "Cll deed in (cl_iti'm to 111eewtc :5e of fibernwr of'.0cand ial_'t )t th;' htott;.ft: dk! %t;'r!bcd) tilt *clot VILiUaliiL
<br />tC'b llat`� C_4ttC! "u!!1��; JW. !11.1!.= 11.'., perimw) deh %er, and pul'ii,i,ot£ln itt the tii*Lc t --t :}C 1.i!i�t aril 171.. ;!11!7` • Ai Ht toil l ",ti''ItC.f'it •it ,1r.j tYt•�IITT ;•
<br />t•a lktT. : :i t•r y. l'2
<br />and 4wolt:44:0 (-t vti ^_Lind r,udi w0tal •h.liltatllitllBIC (MM E t•ll:: et'(±.';!.e('f stlt.a dt'1TtpaattC,_ arldconclu`.!". t•t It :al.e
<br />ltUt' 1u-,t :t,, aft -1 ftlr t,llu° ,m-d over.oz, t
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