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<br /> ���° io7o�s
<br /> r nEED OF TRUST
<br /> �
<br /> (Sliur�: F'c�rraj
<br /> KNOW ALL MEN BY THESE PRESENTS; that JAMES P. WTECK and
<br /> C. ANN WIECK, Husband and Wife, hereinafter referred to as the
<br /> "Trustor", to secure a NotP bearing even date herewith Eor the
<br /> � principal amount of Eleven Thousand Four Aundred and No/100
<br /> Dollars t�11,400.00) payable to the order cf ROSE MARY STAAH and
<br /> KENNETH W. STAAB, Wife and Husband, as joint tenants with rights
<br /> of survivorship, hereinafter referred to as the "Beneficiary",
<br /> providing for payment of the entire principal balance, toqether
<br /> with interest at the rate of ten percent (108) per annum, 3n
<br /> • annual installments at which time all principal and interest
<br /> � provided for by this Note shall have been paid, do hereby grant
<br /> and convey unto AREND R. BAACK, Attorney at �,aw, the "Trustee" ,
<br /> the �ollowing-describe8 property:
<br /> Lot Eight (8) , Hlock Thirty-Eight (38) .
<br /> � Packer and Harr's Second Addition to the City
<br /> � of Grand Island, HaYl County, Nebraska.
<br /> i
<br /> ' TO AAVE AND TO HOLD the same, together with all appurte-
<br /> � nances, i�n trust nevertheless, and in case of default in the -
<br /> payment of said Note or any part thereof or interest thereon or :�;
<br /> in the performance of any covenant hereinafter set forth, then � ..
<br /> the Trustee shall have the �ower to sell the above-described : ��.�'.
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<br /> file for record in the Register of Deeds' Office of Hall County, - -
<br /> ' Nebraska, a Notice of Default, setting forth that a breach of an
<br /> • obligation, for which the said property was conveyed as securi�y. `
<br /> � has occurred, and setting €orth the nature of such breach and the .
<br /> Trustee's election to sell the property to satisfy the obliga-
<br /> tion; and after the lapse of not less than one (1) month, the
<br /> ; Trustee shall give written notice of the time and place of sale '
<br /> which may be between 9:00 a.m. and 5:00 p.m. at the premises, or �
<br /> ; at the Hall County Courthouse, and particularly describing the
<br /> property to be sold; said Notice to be gublished in a newspaper �
<br /> ; of a general circulation in Hall County, Nebraska, once a week
<br /> � for five (5) consecutive weeks, the last publication to be at
<br /> �' least ten (lOj days but not more than thirty (30) days prior to . �
<br /> the sale; and the Trustee shall then sell said� property at the ,�;
<br /> i time and place designated in. the Notice, in the manner provided �--
<br /> ; by law in effect at the time of filing said Noti.ee, and public �
<br /> ; auction to the hi.ghest bidder for cash and shall deliver to such �:
<br /> ! purchaser a deed to the property sold, consistent with the law in ' -
<br /> . effect at that time. AdditionaZ}.y, Trustor hereby requests that
<br /> : Trustee shall mail Trustor a copy of any Notice of Default anc3
<br /> � Notice of Sale hereunder upon default addressed to them at Route
<br /> �, Box 31, St. Libory, Nebraska 589?2. Otit of the graceeds of
<br /> said sale, the Trustee shall retain and pay first all fees,
<br /> , , charges and costs of sale and all monies advanced in the exercise
<br /> of the power of sale, including the payment of the Trustee' s fees
<br /> actually incurred, and pay second the obligations secured by this
<br /> Deed vf Trust; and the balance, if any, shal.l be paid to the
<br /> person or persons legally entitled theret�. Any person, includ- �
<br /> ing the Beneticiary, may purchase said prop��r*1 �t such sale. -
<br /> The Trustor covenants that at the time of delivery of these T �
<br /> ' presents, they are seiz�d of said praperty in fee simple, an8 �
<br /> that said property is fre� of encumbrances, except encumbrances, j 3
<br /> easements, rights-of-way, restrictions and reservations of .
<br /> record, and they will properly maintain the prop�rty, keep all �
<br /> buildinqs insured far fire and extended covera�ge in an amount
<br /> Lequal to the unpaid balance of the aforesaid Note, with loss
<br /> payable to the Bene£iciary, and will pay all taxes and assess-
<br /> ments again�t sai@ property an@ amounts due tsn prior encum- t-
<br /> bra:�c�s, and i£ they shall. fail to pay insurance premiums or
<br /> -1- �r ,
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