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<br />RE-RECORDED -
<br />90-- 107210 --
<br />DEED OF TRUST pp
<br />(Short Form) (}0-- -•,,OG J V 0 _ _
<br />lF a'
<br />KNOW ALL MEN BY THESE PRESENTS: that MICW_4L �� MIItlE1JGE AM WEN K • MM EM,
<br />HUSBAND AND WIFE , hereinafter referred to as the "Trustor". to
<br />secure a Note bearing even date herewith for the principal amount of TWEW 1W INISAD1D
<br />SEVEN HUNDRED S'L11EMT FUR AND 25/ 100- - - - - - - - - Dollars ($ 22,774.5 ) payable
<br />to the order of GRAND ISLAND INVESINMT COMPANY, hereinafter referred to as the
<br />"Beneficiary", providing for payment of the entire principal balance, together :.;.Y;•F,t. ,
<br />With interest at the rate of II)EL.VE ercent ( 12.007.) per annum,
<br />in monthly installments of FIVE HlN7M SIX AND 60 100 -
<br />Dollars ($ 506.60 ) each until 6 , 19 93 . at II
<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 />Un TOM 'ilk (22), IN BLOCK UW (3), ( :A-E UAVIS ACRES WEDIVISMON, HAU. 011UM, NF.BRA"
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<br />'9tE-ii D%= MU OF TRUST TO OORIt CT NNE Ot IRUSTOit"
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<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 cr in the performance of any 'covenant hereinafter
<br />set forth, than the Trustee shall have 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 HML Counter, Nebraska, a Notice of
<br />Default, setting forth that a breach of an obligation, for which the said property
<br />was conveyed as security, has occurred, and setting forth the nature of such
<br />breach and the Trustee's election to sell the property to satisfy the obligation;
<br />and after the lapse of not less than one (1) month, the Trustee shall give
<br />written notice of the time and place of sale which may be between 9:00 a.m. and
<br />5:00 p.m. at the premises, or at the - � County Courthouse, and particularly
<br />describing the property to be sold; said Notice to be published in a newspaper of
<br />a general circulation in HALL County, Nebraska, once a week for five (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 shall then sell said
<br />property at the time and place designated in the Notice, in the manner provided
<br />by law in effect at the time 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 a1: BELL BLVD, MAN? IS6N.V,W 68801 . Out oz the
<br />proceeds of said sale, the Trustee shall retain and pay first all fees, charges
<br />and costs of sule and all monies advanced in the exercise of the power of sale,
<br />including the payment of the Trustee's fees actually incurred, and pay second
<br />the obligations secured by this Deed of Trust; and the balance, if any, shall be
<br />paid to the person or persons legal! y entitled thereto. Any person, including the
<br />Beneficiary, may purchase said property at such sale.
<br />The trustor covenants that at the rime of clelivery of these presents,
<br />they are seized o: said property in f•ee simple, and that said property is free
<br />of encumbrances, except encumbrances, easements, rights -cf -way, restrictions and
<br />reservations of record, and they will properly maintain, the property, keep ail
<br />buildings insured for fire and extended coverage in an amount equal to the
<br />unpaid balance of the aforesaid Note, with loss payable to the Beneficiary, and
<br />will pay all. taxes and assessments against rain FroperiLy and amuuuL6 uuc 3u Prior
<br />encumbrances, and if they shall fail to pay insurar.ze 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.
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