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DEED OF TRUST
<br />(Short Form) 90-100560
<br />KNOW ALL MEN BY THESE PRESENTS: that HLUE& L. MIi1FdM AND 811 K. '��•
<br />i UMM AND WIFE , hereinafter referred to as the "Trustor ", to
<br />secure a Note bearing even date herewith for the principal amount of IWM W 11U S"
<br />SEW HMM SEMM MR AND 25/ too- - - - - - - - - Dollars ($ 22,774.25 ) payable
<br />to the order of GRAND ISLAND INVESTMENT COMPANY, hereinafter referred to as the
<br />"Beneficiary", providing for payment of the entire principal balance, together
<br />with interest at the rate of TWELVE percent ( 2.00 Z) per annum,
<br />In monthly installments of FM HlN= SIR AM 60/ 100 —
<br />Dollars ($ 508.60 ) each until NMWR 6 , 19 93 , at
<br />which time all principal and interest provided for by this Note shall have been paid,
<br />do hereby grant and convey until AREND R. BAACK, Attorney at Law, the "Trustee ",
<br />the following- described property:
<br />Wr 7ANW 7W (22), IN M= UM (3), LAKE 1 AVIS AWES SUWIVIBION, KUL O[XWY, WRASKA
<br />TO HAVE AND TO HOLD the same, together with all appurtenances, in trust
<br />nevertheless, and in case of default in the payment of said Note or any part
<br />thereof or interest thereon or in the performance of art covenant hereinafter
<br />set forth, then flora Trustee shall Gmve the power to sell the above - described
<br />property, and upon request of the Beneficiary, the Trustee shall file for record
<br />in the Register of Deeds' Office of. HAIL County, Nebraska, a Notice of
<br />Default, setting E•Prth that a 'breach of an obligation, for whicb the said property
<br />was conveyed as se-- -urity, has occurred, and setting forth the nat=e of such
<br />hreaeh And the Trtiss ee's election to dell the property to satisfy the a" 21aa ion;
<br />and after the lapse of not less than one (1) month, the Trustee shall s� e
<br />written notice of the time and place of sale which may be between'S:-CO .e..a. and
<br />5:00 p.m. at the premises, or at the HAIL County Courthouse, =2 particularly
<br />describing the property to be sold; said Notice to be published in a newspaper of
<br />a general circulation in HAIL County, Nebraska, once a week for f-ce (5)
<br />consecutive weeks, the last publication to be at least ten (10) days but not
<br />more than thirty (30) days prior to the sale; and the Trustee shalt then sell said
<br />property at the time and place designated in.'the Notice, in the miner provided
<br />by law in effect at the.tfine of filing said Notice, and public auction to the
<br />highest bidder for cash and shall deliver to such purchases a deed to the property
<br />sold, consistent with the law in effect at that time. Additionally, Trustee shall
<br />mail Trustor a copy of any Notice of Default and Notice of sale hereunder
<br />upon default addressed to them at 910 BELL ELM, GRAM ISLAM -If 68801 Out of the
<br />proceeds of said sale, the Trustee shall retain and pay first all fees, chitrges
<br />and costs of sae and all monies advanced in the exercise of the power of sale,
<br />including the payment of the Trust�a's fees actually itcurred, and pay second
<br />the obligations secured by this Deed of Trust; and the balance, if any, s14all be
<br />paid to the person or persons legally entitled theretca. Any person, including the
<br />Beneficiary, may purchase said property at such sale.
<br />The trustmr covenants that at the time of delivery rs£ these presents,
<br />they are seized of said property in fee simple, and that said graperty fis free
<br />of encumbrances, except encumbrances, easements, rights -of -way, restrictloas and
<br />reservations of record, and they will properly maintain the property, keep all
<br />.buildings insured for fire and extended coverage in am amount equal to the
<br />unpaid balance of the aforesaid Dote, with loss payable to the Beneficiary-, and
<br />will pay all taxes and assessments against said property and amounts due on prior
<br />encumbrances, and if they shall fail to pay insurance premiums or taxes on
<br />amounts due on prior encumbrances, the Beneficiary may pay the same and all
<br />amounts so paid shall become additional indebtedness due hereunder; and in case
<br />of foreclosure, Trustor will pay any reasonable attorney fees incurred by
<br />Beneficiary or Trustee in such foreclosure proceedings.
<br />Lam:
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