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<br />4.
<br />TRM DEED 90-106513
<br />THIS DEED OF TRILBY, made and catered into this 9th day (i November f - .19 90
<br />-, betw•et ward R. Marshall and Karen J. H&T.2W ;r, and TRW Title Insurance Company Trustee.
<br />Husband and Wife as joint Tenants
<br />Securit Pacific Financial Services of is Ifteiiciary;
<br />WITNESSETH: That the Trustor does by these presents grant, barLc un and sell, convey and confirm with Power of Sale unto the
<br />°= the following described Real Estate including all buildings, improvements. and fixtures of every kind now or hereafter erected or
<br />T on the real estate, situated in Hail County, in the Steno of Nebraska
<br />Lot 16, Block 1, Knickrahm 9th Addition to the City of Grand island,
<br />Hall County, Nebraska.
<br />possession of said premises is now delivered unto said Trustee:
<br />TO HAVE AND TO HOLD the same, with all rights, privileges. and appurtenances thereto belonging unto the Trustee, his executors.
<br />heirs, and assigns forever. And the Trustor hereby expressly waives, releases, and relinquishes unto the Trustee all right. i
<br />_ claim, interest, benefit, and estate whatever, in and to the above- described premises and each and every part thereof; which is given
<br />or results from all laws of the State of Nebraska pertaining to the exemption of homestead And the Trustor covenants with the Trustee
<br />- he will forever warrant and defend the title to the same 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 />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 payable from time to time thereunder) and any extensions, renewals, macliftcations or refinancings thereof,
<br />which Revolving Loan Agreement obligates Beneficiary. subject to the conditions stated tbemirr. to advance to Trustor up to f
<br />$ , plus finance and other charges. (or) l
<br />E3 Note of even date herewith, in the principal sum of U.S. S EMU- 92 payable in monthly installments of principal
<br />and interest, with the balance of the indebtedness, if nut sooner paid, due and payable on November 15 19__14_.
<br />f- --
<br />It is agreed by and between parties hereto- that until filing of Notice of Default, the Trustor shall: (1) pay all present and future
<br />%:' !assessments. general and special, against said property before the same becomes delinquent or actionable; (3) keep all improve -
<br />• ;?+ tecmd on the land insured as. may be required from time to time by beneficiary against loss by fire and other hazards casualties i..
<br />contingencies, in such amoraots•:.ecd for such periods as are reasonable and may be required by beneficiary. and to keep all policies i
<br />=rh insurance in force of eti'ect; Ufron the a. -perty herein described constantly ac%i-ened and dtl"ered to beneficiary; (3) My and ;
<br />-'; with all the terms and cand awns of anv. lien, claim or indebtedness that may be senior to ,,. take precedence over this Trust
<br />as 500 n as any such payment on or of such lien, cWm. or indebtedness shall Ce6orne due: and upon failure of Trustor to !:rep
<br />said: at,>a,;emertts, beneficiary nn,* pay such tax, pay for s c t insurance or pay off sans liens or claims or indebtedness as the case jj r
<br />-_ be. width( nrt7nl; w expended. with interest at 9 15 per annum. shall be secured by this Trust Deed, and the Trustor agrees to repay
<br />same upon demand. and upon failure to d,,* so the ba;a -nce of the at.adtcd note shall become irmvediately due and payable at the ;
<br />__ -- of the beneficiary: (4) specifically confe r upon tN Ims:ee the po-lx r of sale as provided in `ti.braska law: (5) retain possession i : ••`
<br />the premises and collect the rents Gird reveries therefmni n.
<br />Upon payment of all the sums secured ray' iris Trust Deed, the Beneficiary shah request the Tnistee to reconvey the property and
<br />surrender this Trust Deed and all notes ctidencing indebtedness secured by this T7ttst Deed to the Trustor. Trustee shall reconvey ;
<br />property without warrant} to the person or persons '_ el ?} entitled [hereto: but if default be made in the payment of said note or f .
<br />pari thereof or any of the interest thereon when due or in the faithful perforrnanc: of any or either of said zsmements as aforesaid.
<br />the whole of said note shall become due and be paid as hereinafter provident. as d- this deed shall remain in force; the Trustee or
<br />- attorney may proceed to sell the property in its entirety or in parcels at the option: of the Trustee hereinbefore described at pnblic .
<br />to the highest bidder, for cash. However. the power of sale her.iin: co ;inferred rtpon the Trustee shall not be exercised ni.mil: (1:)-
<br />Trustee shall first file for record, in the office of the register of deeds of each cc!untg %herein the trust property or some prrt or
<br />- thereof is situated. a notice of default, identifying the Trustee by stating the n,3mes of the Trustor and names therein an& 0-Y ng
<br />book and page where the same is recorded, a dewription of the trust property. and corvaining a statement that a breach of an ohfigamon
<br />which the trust property %as eomeyed as security has occurred. and scitine firth the nature of much breach and of his election to
<br />or cause to he sold such property to satisfy the obligation: and f'1 after the lapse of not less than one month. the Trustee shall give
<br />of sale as provided by Nebraska lase. After notice of default and lapse of not less than tint: mcmth. the Trustee shall give written
<br />- =? of the time and place of sale particularly describing the property to he sold by publication of such notice. at least fire times,
<br />a week for five consecutive seeks. the last publication to he at least 10 days brit not more than 30 days prior to the sale. in some
<br />__-: -r having a general circulation in each county in which the property to be sold. or some pan thereof. is situated. !Upon such
<br />the Trustee shall execute and deliver a deed of conveyance of the property sold to the purchaser or purchasers thereof and any
<br />or recital of fact in such deed in relation to the exercise of the power of sale and sale of the property described therein. including
<br />concerning any mailing. personal delivery and publication of the notice of default. any marline: sand the publication and posting
<br />notice of sale. and the conduct of sale: and such recital shall constitute prima facie evidence of such compliance and conclusive evidence
<br />- in favor of bona fide purchasers and encumbrancers for value and without notice. The Trustee's deed shall operate to convey
<br />- i ao -028? ire ORIGINAL
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