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NOTICE OF DEFAULT
<br />NOTICE is hereby given this 11tlday of February, 2004, to GALEN B. MCHUGH, a single
<br />man, Trustor, by MARTIN P. PELSTER, a member of the Nebraska State Bar Association,
<br />Successor Trustee, on behalf of FIRST NATIONAL ACCEPTANCE COMPANY, Beneficiary,
<br />under that certain Deed of Trust executed by Trustor on or about August 15, 2002 and recorded on
<br />December 26, 2002 as Instrument No. 2002 - 14437, Hall County, Nebraska, covering real property
<br />described therein as follows:
<br />The Westerly thirty -three (3 3) feet of Fractional Lot Six (6), in Fractional Block One
<br />Hundred Forty -three (143) of Union Pacific Railway Company's Second Addition,
<br />and all that part of Fractional Lot Seven (7), in Fractional Block Eleven (11), of
<br />Russel Wheeler's Addition, lying West of the Easterly thirty -three (33) feet of said
<br />Fractional Lot Seven (7), in said Fractional Block Eleven (11), both being additions
<br />to the City of Grand Island, Hall County, Nebraska
<br />1. That a breach of an obligation for which the Trust Property was conveyed has
<br />occurred in that Trustor, as borrower, has failed to pay that certain Real Estate Balloon Note dated
<br />August 15, 2002 in the original principal amount of $40,376.96, and that there is due and owing the
<br />total sum of $43,924.15 including principal, accrued interest, fees, and other charges as of February
<br />11, 2004, with interest continuing to accrue thereafter at the rate of $13.66 per day;
<br />2. That in order to cure such breach, Trustor must pay the past due principal, accrued
<br />interest, fees, and other charges as set forth above;
<br />3. That said breach must be cured within thirty -one (3 1) calendar days from the date of
<br />this Notice, and no other breach of an obligation for which the Trust Property was conveyed as
<br />security shall have occurred and remain uncured; and
<br />4. That in the event Trustor fails to cure said breach as provided above, the Trustee has
<br />elected to sell or cause to be sold the Trust Property to satisfy the obligations of Trustor thereunder.
<br />IN WITNESS WHEREOF, the Trustee has executed this instrument the day and year first
<br />above written.
<br />Martin P. Pelster, Successor Trustee
<br />STATE OF NEBRASKA )
<br />) ss.
<br />COUNTY OF DOUGLAS )
<br />The foregoing instrument was acknowledged before me this 1►`'� day of February, 2004
<br />by Martin P. Pelster, Successor Trustee.
<br />GENERAL. NOTARY. State of Nebraska
<br />KATHRYN A. KORTN I LILAA
<br />MY Comm. 4 Oct 24,2W Notary Pu lic
<br />00232393.WPD
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<br />Martin P. Pelster, Esq.
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<br />CROKER, HUCK, KASHER, DEWITT,
<br />ANDERSON & GONDERINGER, L.L.C.
<br />2 0 0 4 012 8 9
<br />2120 South 72nd Street, Suite 1250
<br />Omaha, Nebraska 68124
<br />NOTICE OF DEFAULT
<br />NOTICE is hereby given this 11tlday of February, 2004, to GALEN B. MCHUGH, a single
<br />man, Trustor, by MARTIN P. PELSTER, a member of the Nebraska State Bar Association,
<br />Successor Trustee, on behalf of FIRST NATIONAL ACCEPTANCE COMPANY, Beneficiary,
<br />under that certain Deed of Trust executed by Trustor on or about August 15, 2002 and recorded on
<br />December 26, 2002 as Instrument No. 2002 - 14437, Hall County, Nebraska, covering real property
<br />described therein as follows:
<br />The Westerly thirty -three (3 3) feet of Fractional Lot Six (6), in Fractional Block One
<br />Hundred Forty -three (143) of Union Pacific Railway Company's Second Addition,
<br />and all that part of Fractional Lot Seven (7), in Fractional Block Eleven (11), of
<br />Russel Wheeler's Addition, lying West of the Easterly thirty -three (33) feet of said
<br />Fractional Lot Seven (7), in said Fractional Block Eleven (11), both being additions
<br />to the City of Grand Island, Hall County, Nebraska
<br />1. That a breach of an obligation for which the Trust Property was conveyed has
<br />occurred in that Trustor, as borrower, has failed to pay that certain Real Estate Balloon Note dated
<br />August 15, 2002 in the original principal amount of $40,376.96, and that there is due and owing the
<br />total sum of $43,924.15 including principal, accrued interest, fees, and other charges as of February
<br />11, 2004, with interest continuing to accrue thereafter at the rate of $13.66 per day;
<br />2. That in order to cure such breach, Trustor must pay the past due principal, accrued
<br />interest, fees, and other charges as set forth above;
<br />3. That said breach must be cured within thirty -one (3 1) calendar days from the date of
<br />this Notice, and no other breach of an obligation for which the Trust Property was conveyed as
<br />security shall have occurred and remain uncured; and
<br />4. That in the event Trustor fails to cure said breach as provided above, the Trustee has
<br />elected to sell or cause to be sold the Trust Property to satisfy the obligations of Trustor thereunder.
<br />IN WITNESS WHEREOF, the Trustee has executed this instrument the day and year first
<br />above written.
<br />Martin P. Pelster, Successor Trustee
<br />STATE OF NEBRASKA )
<br />) ss.
<br />COUNTY OF DOUGLAS )
<br />The foregoing instrument was acknowledged before me this 1►`'� day of February, 2004
<br />by Martin P. Pelster, Successor Trustee.
<br />GENERAL. NOTARY. State of Nebraska
<br />KATHRYN A. KORTN I LILAA
<br />MY Comm. 4 Oct 24,2W Notary Pu lic
<br />00232393.WPD
<br />
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