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<br /> DEED OF TRIIST � c�,+ �
<br /> 9 9 1 U 9 1 5 � Short Form
<br /> KNOW ALL MEN BY THESE PRESENTS: that Rosalene J. Huffman, a single
<br /> �Pr�on , hereinafter referred to as the "Trustor", to secure a Note
<br /> bearing even date herewith for the principal amount of Twelve thousand seven �
<br /> hnnclrPrl GiXr_� two and 46/100------ Dollars ($ 12,762.46) payable to the order
<br /> of GRAND ISLAND FINANCE COMPANY, hereinafter referred to as the "Beneficiary",
<br /> Qroviding for payment of the entire principal balance, together with interest
<br /> at the rate of 15.9 percent (15.9 y� per annum, in monthly
<br /> installments of Three hundred nine and 68/100 Dollars ($ 309.68 )
<br /> each until September 21, 2004 xxxx�� , at which time all
<br /> principal and interest provided for by this Note shall have been paid, do
<br /> hereby grant and convey unto AREND R. BAACK, Attorney at Law, the "Trustee",
<br /> the following-described property:
<br /> Al1 of Lot One Hundred Twenty Seven (127) and the North Twenty Four (24)
<br /> feet of Lot One Hundred Twenty Eight (128) of Hawthorne Place, an Addition
<br /> to the City of Grand Island, Hall County, Nebraska.
<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 or in the performance of any covenant hereinafter
<br /> set forth, then the Trustee shall have the power to sell the above-described
<br /> nroperty, and upon request of the Beneficiary, the Trustee shall file for
<br /> record in the Register of Deeds' Office of Hall County, Nebraska, a
<br /> Notice of Default, setting forth that a breach of an obligation, for which the
<br /> said pro�erty was conveyed as security, has occurred, and setting forth th�
<br /> nature of such breach and the Trustee's election to sell the property to
<br /> satisfy the obligation; and after the lapse of not less than one ( 1) month,
<br /> the Trustee shall give written notice of the time and place of sale which may
<br /> be between 9:00 a.m. and 5:00 p.m. at the premises, or at the Hall County
<br /> Courthouse, and particularly describing the property to be sold; said Notice
<br /> to be published in a newspaper of a general circulation in Hall County,
<br /> Nebraska, once a week for five (5) consecutive weeks, the last publication to
<br /> be at least ten ( 10) days but not more than thirty (30) days prior to the
<br /> sale; and the Trustee shall then sell said property at the time and place
<br /> designated in the Notice, in the manner provided by law in effect at the time
<br /> of filing said Notice, and public auction to the highest bidder for cash and
<br /> shall deliver to such ourchaser a deed to the property sold, consistent with
<br /> the law in effect at that time. Additionally, Trustee shall mail Trustor a
<br /> couy of any Notice of Default and Notice of Sale hereunder upon default
<br /> addressed to them at 1204 W Anna ��3, Grand Island, NE 68�e� of the proceeds of
<br /> said sale, the Trustee shall retain and pay first all fees, charges and costs
<br /> of sale 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
<br /> be paid to the person or persons legally entitled thereto. Any person,
<br /> including the Beneficiary, may purchase said property at such sale.
<br /> The Trustor covenants that at the time of delivery of these, presents,
<br /> they are seized of said property in fee simple, and that said property is free
<br /> of encumbrances, except encumbrances, easements, rights-of-way, restrictions
<br /> and reservations of record, and they will properly maintain the prooerty, keep
<br /> all 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,
<br /> and will pay all taxes and assessments against said property and amounts due
<br /> on prior encumbrances, and if they shall fail to pay insurance premiums or
<br /> taxes on amounts due on prior encumbrances, the Beneficiary may pay the same
<br /> and all amounts so paid shall become additional indebtedness due hereunder;
<br />. and in case of foreclosure, Trustor will pay, any reasonable attorney fees
<br />
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