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<br />TRUST DEED
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<br />THIS DEED OF TRUST; made and entered into this 23 day of November E...
<br />Baumgartner
<br />and between Larry R. Baumgartner and Maxine H. , Trustot, and TRW Title Ineuranca Com- pan7�_, ,Trustee.
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<br />Husband and Wife as Joint Tenants
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<br />Security Pacific Financial Services of 1_Pv8encciary;
<br />WiTNESSETH: That the Trustor does by these presents grant, bargain and sell, convey and confirm with Power of Sale unto the
<br />s- the following described Real Estate including all buildings, improvements, and fixtures of every kind now or hereafter erected or
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<br />- on the real estate. situated in Hall County, in the State of Nebraska:
<br />Lot 10 except the North 20 feet thereof, in Routing's Second Subdivision, being a
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<br />part of the southwest of Section 24, Township 11 North, Range 10 WEat of the
<br />6th P.M., Hall County, Nebraska.
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<br />possession of said premises is now delivered unto said Trustee:
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<br />TO HAVE :A N.P 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 aJ1 right,
<br />clWm. interest, benefit, and estate whatever, in and to the above - described premises and each and every part the-ipof, which is given
<br />or reso s from all laws of the State of Nebraska pertaining to the exemption of homestead. And the Trustor covey ;v:,ts 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 ptumpt performance of AR uil, terms and condi- I'yrt'.
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<br />...� t�4 that • '� ' �
<br />ES Revol►.� 7.,S Loan Agreement of even d-ae (?ergo,r.di (including particularly. 1.vi: rot exclusit;e�y. f^roirrr; 1,,m�ment of all sums
<br />which are oc tray, f7ecome payable from <im to uii= M �ewunder) and a %extensions renewals •mv tel<<�tions ec refinancitP Uzi reoi;
<br />which ReuAxcag Loan Agreement ob)igan:s Sezvt7u .,an' subject yes ':L-e conditions stated irietvf to advance to 1ht;,*a up to
<br />S 12.000.0? plus finance and otli,.c���ges (or)
<br />Q Note of even date herewith, in the principal sum 0* U.S. S payable in monthly ins.aliments of principal
<br />interest• with the balance of the indebtedness. if not sooner paid, due and payable on to - --
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<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 />-�= and assessments, general and special, against said property before the same becomes delinquent or actionaNe; 1(2) keep all improve-
<br />-_-'= erected on the land insured as may be required from time to time by beneficia"., : .inst loss by fire and iit� e7 hazards, casualties
<br />contingencies. ice, such amounts and for such periods as are reasonable and ma) :I;•e :.:;wired by to ^ :,iciary, and to keep all policies
<br />such insurance i;n e or effect upon the rlreperty herein describe.',. ;,ar: tam!) zs i.�7,ned and 421tewd to beneficiary: (3) p') and
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<br />with all t'+ w^' S and conditions of am lien, claim •.s indebtec*tess that mi.- t.: senior i.• :. -.a4` pre: en: a over fts Trust
<br />a soon as any such payrre tt on or of such lien, ci, arc sTr indebtedness shall heo�-ne due; and upon faKu -r of Trustor to keep s' r
<br />said agreements, beneficiar?, rosy pay such tax, pay for ssh insurance or pay off such liens or claims or ind:em�-- iedness as the case ' r"
<br />_ -_ bs . and the money so expended. with interest at 9'i per annum, shall be secured by this Trust Deed, and the Trrestor agrees to repay
<br />same upon demand, and upon failure v tea so the balance of the attached note shall become im�mediatefy :treat: and payable at the
<br />::. of the beneficiary: (4) specifically coo e:: upon the Trustee the power of sale as provided in No7mska fwb.; 64) retain possession
<br />the premises and collect the refits and reiedues therefrom.
<br />Upon payment � �f all the sums securer 1,, .;hi% Trust Deed, the tic:ref iciary .hall request the rois.ee to recomey the proper and
<br />surrender this Trust Deed and all note ev.T,.irneing indebtedness sL -vrimd by this Trust Deed to dae Trustor. Trustee shall reconvey
<br />property without warranty to the person cx- persons legally entitled thereto: but if default be made in the R �,.tnent of said note or
<br />17ist thereof or any of the interest thereon when due or l.n. die faithful performance: or any or either of said' �L=einents as aforesaid.
<br />- the whole of said note shall become due and be pard as hereinafter pro'.ided. send, t.Iiis deed shall emain tar farce: the Trustee or
<br />itCdr icy may proceed to sell the property in its entirety or in parcels at the optron of the Tr<isre: I,ere:nlietuce described at public
<br />In, to the highest bidder, for cash. Hos> ever. the poi +er of sale lierta)r conferred uf7tira. the .'f+u�te. };nail not be exercised until l i f
<br />Trustee shall first file for record. in the oliice of the register of decib of each •_O!YnLv lL•i- r !+; t :hz trusr property or some part or
<br />l thereof is situated. a notice: of. default, identifying the Trustee by stating the riarme!s of ihtt Tb3t for and names therein and grind
<br />18 book and page where the tame is recorded. a description of the must property. and coa)taming a st:3timent that a breach of an obligation
<br />which the trust property was conieyed as security has occurred. and setting firth the nature of such breach and of his election to
<br />or cause to be sold such property to satisfy the obligation: and (') after the lapse of not less than tine month. the Trustee shall give
<br />of sale as provided by Nebraska law. After notice of default and lapse of not less than one month. the Trustcc shall gne written
<br />__ ? of the time and place of salt p++rticulurly describing the property to he sold by publication of such notice. ;n least titre times.
<br />- a week for five consecutive weeks, the lust publication to be at least 10 days but not more than 30 days prior to the sale. in some
<br />::5paper having a general circulation in each county in tthich the property to be sold. or some part thereof: is situated. Lpon such
<br />-_ the Trustee shall execute and deli%cr it deed of conveyance of the property sold to the purchaser or purchasers thereof and any
<br />—r�.t or recital of fact in such deed in relation to the exercise of the power of sale and sale cif the proper!} described therein. including
<br />-_ 'i; concerning any mailing. personal delivrry and publication t +1' the notice of default. any marling .end the publication and posting
<br />notice of sale, and the conduct of sale: and such recital shall constitute prima facie er idence of such compliance and conclusive e%idence
<br />.•f in favor of bona fide purchasers and encumbrancers for %,aluc and without notice. The Trustee's deed shall operate to convey
<br />-i70 -0287 NE ORIGINAL
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