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<br /> + TRUST D�En 89"° �Oc��A
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<br /> THIS DEEp OF TFeUSi;made and entered intu this 2a�;h day oP November , �g�
<br /> � by�nd bctwoctl QR y A._Lemburq_snd_Franca� La�������•,r»�� TRW T���a T�strance Comnanl► ,T�ustee,
<br /> Bueband and Wife Ae Jaint Tenants
<br /> and sacuzity�,���;��i,s rinanciai Servicea e� (�neticiary;
<br /> towa Inc
<br /> WITNESSETH:That the Trustor does by these presents grant,barguin and sell,convey and c�nfirm with Power uf Sale unto the
<br /> Trustee ihe following describad Real Estate including All bui[dings,improvements,and fixtures af every kind now or hereafter erected or
<br /> placed on the r+eal estate,situated in sal2 County.in the State of Nebraska:
<br /> Lot 2, in Fractional Hlock 12 in Joehnek's Addition to City of Grand Island,
<br /> Hall County, Nebraaka.
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<br /> � and possession of said prEmises is now delivered unto sacd Trustee: �.
<br /> TO HAVE AND TO HOLD the same.with all rights,privileges,and appurtenances thereto belonging unta the?'rustee.his executors,
<br /> administrators, heirs, and assigns forever. And the Trustor hereby expressly waives, releases,and relinquishes unto the Trustee all right,
<br /> title.claim,interest,benefit.and estate whatever,in and ta the above-descriFied premises and each and every part thereof.which is given
<br /> by or resulu from all laws of the State of Nebraska pertane�ing to the exemption of homestead.And the Trustor covenants with the Trustee
<br /> that he will forever warrant an�e��fend the title to the sarne against the lawful claims or all penons whomsoever.
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<br /> Il�TRUST NOWEV ER,for the follow•ing descnibed purposes:To secure full and prompt performance of all the terms and condi-
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<br /> � tions of that =
<br />_ . ❑ RPVnlvinv i na� Ag�emer.t of PL?»�a!� hP�w4*_h(inclt�cling partic:elarl,. �at noi ex�lusizel3. prampt �;,�s.:�i ��a.� �u�;:s- ---- - -
<br /> which are or may become payable from time to time thereunder)and any extensions,renewals,modifications or refinancings thereof,
<br /> which Revolving Loan Ageement obligates Beneficiary, subject to the conditions stated theiein. to advance to Trustor up to
<br /> S ,plus finance and other charges. (or) __
<br /> ; nx Note of'even date herewith, in the principal sum of U.S.$ �i s�56 74 payable in monthly installments of principal
<br /> � and interest,with the balance of the indebtedness, if not sooner paid,due and payable on l2,[11�9b . 19 .
<br /> It is agreed by and betv�een parties hereto that until filing of Notice of Default, the Trustor shall:(1) pay all present and futune '�
<br /> taxes and assessments,general and special,against said propeny beforc the same becomes delinquent or actionable;(2)keep all improve-
<br /> ments erected on the land insured as may be required from time to time by beneficiary against loss by fire and other hazards,casualties
<br /> and contingencies,in such amounu and for such periods as are reasonable and may be reyuired by beneficiary,and to keep all policies i •
<br /> of such insurance in force or effect upon the property herein described constantly assigned and delivered to beneficiary; (3) pay and
<br /> comply with all the terms and conditions of any lien, claim or indebtedness that may be senior to or take precedence over this Trust ' ;�,;;
<br /> Deed as soon as any such payment on or of such lien, claim or indebtedness shall become due: and upon failure of Trustor to keep -�
<br /> any said agreements, beneficiary may pay such tax, pay for such insurance or pay of'f such l�ens or claims or indetz��dness as the case �:-�;' :
<br /> ! may be,and the money so expended,with interest at 9% per annum,shall be secured by this Trust Deed,and the Trustor agrees to repay �
<br /> . the same upon demand, and upon failure to do so the Eralance of the attached note shall become immediately due and payable at the '
<br /> option of the bene�ciary;(4)specifically confer upon the Trustee the power of sale as provided in Nebraska law;(5) retain possession - -
<br /> of the premises and collect the rents and revenues there�'rom. •
<br /> , Lipon payment of all the sums secured by this Tnsst Deed,the Beneficiary shall request ihe Trustee to neeconvey the praperty and
<br /> � , shall sur�ender this Trust Deed and ail notes evidenci� indebtedness secumd by this Trust Deed to the Trustor.Trustee shall reconvey
<br /> • the property withoat warranty to the person or persons legally entit�ed thereto; but if default be made in the payment of said note or
<br /> any part thereof or any of the interest thereQn when due or in the Caithful performance of any or either of said agreements as aforesaid.
<br /> then the whole of said note shall become due and be �aid as hereinaf'ter provided, and this deed shall remain in force; the Trustee or
<br /> his auo�ney may proceed to sell the property in its er��cety or in parcels at the option of the Trustee hereinbefore described at public
<br /> auctia�,,to the highest bidder, for cash. However, the �wee df sale herein conferred upon the Trustee shall not be exercised until (1)
<br /> ' the Trustee shall �rst file for record, in the office af tAe register of deeds of each county wherein the tnist propeny or some part or ' �
<br /> pamel thereof is situated,a notice of default. identifying the Trustee by stating the names of the Trustor and names therein and giving
<br /> � the ti�k and page where the same is recorded,a description of the trust property,and containing a statement that a breach of an��bligation '
<br /> for which the trust property was conveyed as security has occurred, and setting forth the nature of such breach and ot`his election to � �
<br /> sell or cause to be sold such property to satisfy the obligation;and (2)after the lapse of not less :h�tn i�ne mcmth, the Trustee shall give �
<br /> ceotice of sale as prc�vided by Nebr►ska law. ARer notice of default and lapse of nut less than one month. the Trustee shall give written
<br /> � nutice of the time and place of sale particularly describing the property �o be s��ld by puhlication of tiuch n��tire. at le���t (ive times.
<br /> once a week for five consecutive weeks, the last publication to be at least 10 days but nut rnore tt:an ?0 day� pn��r ti� thr �:�le. �r� yome
<br /> ncwsaaper having a general rirculativn in each county in which ihe prc+perty to be sold. ��r sr�me part thrre��f, iti tiituatcd. l:�un tiuch
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<br /> sale, the Trustee shaU execute ��nd deliver a deed of c��nveyance of� the �roner�y� �nld to the purchaser ��r purch,i,rr. tlicrc�+f an�i any pp
<br /> statement nr recitcil�T fact in such deed �n relati�m tc�the exercise��f tlie�+�t�ti•er��f�:�le and tiale��t'the prt��ert: �le.c��hr�! there;n,ntr!udio��; � R�
<br /> recitals c�mcerning any mailing. person:�l �elivcr� and nublication nf thr n��Ucr��1'def��ult. .ui� m,ulin� an�l ihr ��nhlic.�ti��n ,ind �n�tin�; �'
<br />' nf ni,ticc�d ti.Je.��nd the a,nduct c,f sale:and tiuch reatal �hall curnlrtule pr►m.i l;icie e�idenc.rt w�:h r�an�,li.nu r,irnl�nnrlu�i�c r�ulrncc r ,.
<br /> thercnf Itl �dY�U ��� hui1J fidr purchasen anJ cncumbranccrti �0� V;t�UC :tlll� Wlfflt�U1 tl��llCt' ��1C �IU�tt'C� �ICC�1 ��11�� ����1'Idlt' I�� C��il�t'�
<br />- 7�ltY��.l57H7�If 1
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