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<br />� '� •w^, URnn ��_yment nf nll the�.um.�ecurcd hy this Trwt Dze�,the Ceneficlary shall mqucsl the'I'ruste2 to r.eon��ey die property and sh�l1 surcender tt�iv �
<br /> - 7iu.!D;:Fd anA ull no�ca evidencin3 Indchtedness securd by this 1Yns1 Dzed to ih;.Trustor and Tmstee ehall recnn���y the propeny viihom uarranty tu the
<br /> nzr.:on��r n�r".ons Ic��lly cmiticd ihcrin. Hut if dtL•ialt hc m�dc in the p:ryment of s�id notc or ary parl thcu:of or any of thc intcrcst iL•creon nc�n ciuc
<br /> ur In�hc C�itLP�l�-°iG��:i��.ncn u(nny Uf CIUICf UI S.l1Q:IQtC4'IllCIl1S ilti 11GI(i'::IIII.lllCli Ullti lIl'ClI SII:III fl'111110 Ifl GqCC Iiilll IIIU l•lI1�lIC uf�.iid uotc shall I��cnmz
<br /> .� ° due�utd fis��Ci,�.i,i tL':i:.;i;'lici.uy's opUon,as herem;+Rer p:uvidr.J.Thr.'Gustec chall haw U�e rij;ht,up��n demat�d.�u nuy ut ull nf Uic fallne:inl�:tu lake immccQ:!e
<br /> pos<.esslon of Ihe pruperry,to rent the same nt such rcntals ns you m:ry decm pmper,to collect the rents,to makc nny necessary rep�irs ur replacements to
<br /> �; " tiie prupe�ty,and,nRcr paylna the cost of rcntirp Ihe pmpsrty.cullccdng the rents nnd the making of any rcp��rs to the pmperty,tu nppiy ihe b�l�nce on tha _
<br /> '� • • . sums herchy securcd;nnd if cherc is nut Fufficicnl r.ct ren:ai money receiced w pay 1he cost of rep�irs,thcn uny A�lanee shall be securecl liercby alang with __o
<br /> thc nolc nnd Ncar thc same r.ric uf intcicst;nn�in nddidun thc Trustet ur his attomey may �rocccd in scll Ihc properry in its cntircty or in parccis at Ihe �'��
<br /> ' opdon�f the Trustcc hereinhefiae descrihed nt pubiic nuction,to Ihe highc�t bidder,for c.�sh.Ho�cetiet the po�ver of sals Benin cnnfctted upon the Trustee �;:-;:
<br />'3 ' • shall not bo exerciv:U until(I 1 the Truslee Eh�l)fi�st fls for rcenrd,in the oflice of the rcgisier ot deeds nf wch wunty whercin the trust�mperty or some
<br /> " ��. • part or p:ircd ihcrcof is situatcJ.n noticc of dcfauU,identifyinB thc Trustec by statinp thc names of the Trus�or and namcs ther:iu nnd�;ivmg�hc book and �_.�
<br /> - pngt whcr thc�amc is rcwrded..i tJC+CtIO11011 O�U1C INS:propeny.and eontatnin,^,a st:!tement Ih:+t n hre:a.h o£nn ohliLntion for wh!eh Ihe uuct pmperty �- °
<br />-ti wns wnvcy'cd ns Etcurity has eccurrcd,und Ectiing fonh the naturc oP sucli brcach auA of his elccHon�o sell or causc to bc sold such property io satiafy the __^
<br /> - • oblig�tion;nnd(2)nfler the lapse nf not less Ihan o��e month,the Trustee shall give notice of sale ns providcd by Ncbraska taw.ARer notice of defi�ult snA
<br /> lapsc of not Iese than one month,�hc Trustcc sh:dl give�vritten noticc of tlie time nnd ptaco of salc parliculady dcscribh�the property to be sold by publicetion _
<br /> of such notice,at Ieast five times,once n weck for five consecutice weeke,the I;ut publicatton to be nt least 10 days but not more than 30 days prior to tho �_,
<br /> ' sale.In some newspaper liavins a gener�l circulatfon in each county in which tlie property to be sold,or same part tt�creof.is situated.Upon such s:ile,qte
<br /> Trustee shatl execute and deliver 1 deed of conveyance of the property cold ta Ihe purchaser or purchasea ther,of and uny s[atement or rceital o(fact In such =
<br /> dccd in rclation to�he ceercise of the powcr ot salc and salc of the property dcscribed thercin,inr.luding recitals cai7ccrnin�nny mailing,personal dctivery __
<br /> . and publicadon of the nutice of default,auy mait�ng nnd the publication und posting of noUce oP sale,and the mnduct of sale:und such rccitcl shall constitate _..
<br /> . prima facic eviJ�nce ot such compliance and conclusive evidence thereof in favor of bona fide purch:uers and encumbmncers for valuc anJ without notice. __.
<br /> • Thc Trustce's decd shall operate to convcy to the purchnser.wi[hout risht of mdcmption.the Trustcc's tiile and aIl right,tidc,intercst and c!�im ot qu Trustor -
<br /> � � nnd his successors in intercst nnd of all persons claiming by or through ot under thno,in and to the property cold.including all such ri�ht,title,intercst nnd
<br /> � claim in and to such praperty acyuired by the Trustor or his�successors in interest subsequent to the execuuon of ihe Trustee.The Trustee shall npply the proceeds
<br /> of'thc Trustce'e eale,first,to thc cast and expenses of exercisias thc poiver of'salc.and of Ihc Sa1e,including tht payment of the Trusteo's kes acmally incurrcd �°_
<br /> not to exceed the nmount which may he provided for in the ttust deed,second.to payment of the abligations secured by the trust deed,and Ihe balance,iP =
<br /> �� . ony.�o the person or penons legally entiticd thereto.
<br /> � �� And thc Trusla covcnants fnithlLlly to pedorm thc trust hercin crcated
<br />'k RFNFFI('IARY rnay from time to time substitute n successor or successors to any Trustec named hercin or ncting hereunder to execute th(s Trust Deed
<br /> S ., Upon such appuintment and without conveyance to the successor Trustee,tl�e latter el�all be vested with oll title,puwers,:u�d dutics conferred upon s�ny Oiustee
<br /> � hercin named or acting hercunder.C•ach such nppointmCnt and subs[itution shatl be made by�vritten instrument nnd executed by Bentficiary,containing mference
<br /> � to this Trust Deed nnd i�s place of rcco�d.which,+vhen recorGed in the oflice of the Register of Deeds ot the county or counties in which sald property is
<br /> � „ situnted.shall be conclusive proof'of proper appointment uf the successor Trustee.The foregoinB power of substitution nnd the proce�ure thcre(ote shall not ��`_.
<br /> � bc cxclusive of the power and proccdurc provided for by law for the substitution of a Trustec or Trustce�in the place of the Trustee or Truslccs nantcd hercin.
<br /> Should the Truswr or its successor in intercst without the consent in writing af the Bmeficiary sell,transfer,or convey,or permtt to 6e sold,transferted _
<br /> or conveyed,by asrcement for sale or in any manner.its intercst in[he above de�crihed real estnte(or nny part thereof),then Beneficiary may declare nll eums �'
<br /> secured hcrcby immediatcly due and paylble,subjcct to npp8cable law.
<br /> The wai�er by Trustce or Beneficiary of any dcfaul[of Truslor under this Trus[�eed shall not be or be deemed to be a waiver of nny othcr ar similar
<br /> dcfaults subscquently occurring.
<br /> This Trust Deed shall inurc to and bind thc hcirs,legatecs,devisces.administrators,cxecutors,successors and assigns of the partics heneto.
<br /> ' � ," Thc Trust Decd shall be canstrucd according to the laws of the Statc of Ncbrsskn.
<br /> ., The Trustor rcquests thaa a copy of any notice of defnuU und of any notice of sate hereunder be mailed[o him by certified mail at the address hercinbefore - •
<br /> '." . ... -- .' .�•f.�6.....1.otd.,..e...f cur6 mo:lina choll rnnetitnto nvidonrn nf rrroint nf enrh nntirn _���
<br /> � �• V.Trustor rcp�scnts and warrants that the abo�e describcd rcal estate is not uscd for an agricuttural activity.
<br /> ,�, \Vherecer thc context so requircs,singular«•nrJs shall bc construed in the plural and vice versa,and thc masculinc Gcndcr shall be canstrucd to include
<br /> „ the feminine and vice versa.
<br /> 1N WITNESS WHEREOF,thc Truswr has hercunto sct his hand the day and ycar fint abovc wriucn.
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<br /> TRUSfOR All&II ia, oaburn �',�
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<br /> ; TRUSfOR �',�•
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<br /> , SiATE OF Nebraska E.;.i
<br /> Hall �ss. � -.;
<br /> COUNTY OF_ . f :
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<br /> Hefom me.a Noaary Public,qualified by s:�id county.personally came Allan W. Osburn and � � �
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<br /> ,. kno�vn to me to tre ihe identical person(s)who signcd Ihc forcgoing i .
<br /> � n , Deed of Trust Acknowledgement and thcn signed the Trust Deed and acknowled�ed the executiun �hemof to be hi�.her or their voluntary acu and deeds {.�
<br /> � wtness my hand snd Notarial Seul on December 7 ,�q 94 _ �
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<br /> . � �IWIAAYSYM�I Nekist+ �
<br /> � 5������ N(YI�ARY F'l1BLIC i
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