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200207270
<br />The Power of Sale conferred upon the Trustee shall not be exercised untR the Trustee shall first file for record, in
<br />the Office of the Register of Deeds of each county wherein the fruit operly or some part or parcel thereof is rimmed,
<br />a Notice of Default, identifying the Trust Decd by stating the names he Truster named therein and giving the Bookend
<br />P ggc where the same is recorded, a description of the trust property, and containing a statement that a breach of an
<br />obligation for which the trust property was convoyed as security has occurred, ands envy forth the nature of such breach
<br />and his election to sell or muse to he sold such property to satisfy the obligation; and after the lapse of not less than one
<br />month, the Trustee shall give notice of sale as provided by Nebraska law.
<br />After Notice of Default and lapse of not less than one month, the Trustee shall give written notice of the timeend
<br />pleas of sale particularly describing the Property to be sold by publication of such notice, at least five times, once a week
<br />for five consecutive weeks, the last publication to be at [cast 10 days but not more than 311 days prior to the sale, in some
<br />newspaper having general circulation in each county in which the property to be sold, or some put thereof, is situated.
<br />Upon such sale, the Trustee shall execute and deliver a deed of conveyance of the property sold to the purchaser
<br />or purchasers thereof and any statement or recital of fact in such deed in relation to the exercise of the Power of Sale and
<br />sale of the property desaihed herein, including recitals concerning any reading, personal delivery and publication and
<br />posting of notice of such sale, and the conduct of sale, shall constitute prima facie evidence of such compBaoce and
<br />conclusive evidence thereof in favor of bona fide purchasers and enci mbrancers for value and without notice. The Trustee's
<br />deed shall operate to convey to the Purchaser, without right of redemption, the Trustee's title and all right, title and claim
<br />of Truster and his successors in interest subsequent to the execution of the Trust Deed, The Trustee shall apply the proceeds
<br />of the Trustee's sale, FIRST, to the cost and expenses of exercising the Power of Sale, and of the sale, including the payment
<br />of the Trustee's fees actually incurred, which fees shall include a reasonable attorneys fee, not to exceed $350.0 e SECOND,
<br />to the payment of the obligations secured by the Trust Decd; THIRD, to the payment of junior trust deeds, mortgages or
<br />other tic d olders, and the balence, ft any, [o the person or persons legally entitled thereto.
<br />And the Trustee covenants faithfully to perform the trust herein created. Trustee shall have no obligations under
<br />this Trust Deed other than those expressly provided for herein.
<br />BENEFICIARY may from time to time substitute a successor or successors to any Trustee named herein or acting
<br />hereunder to execute [be Power of Sale under this Toast Decd. Upon such appointment and without conveyance to the
<br />successor, the flatter shall he vested with all title, powers, and duties conferred upon any trustee herein named or acting
<br />hereunder. Each such substitution and appointment shall be made in accordance with the laws of the State of Nebraska
<br />applicable thereto.
<br />The waiver by the Trustee or Beneficiary of any default of Truster under this Trust Decd shall not be dccmod to
<br />be a waiver of any other or similar defaults subsequently occurring.
<br />This Trust Deed shall he construed according to the laws of the State of Nebraska.
<br />This Trust Deed shall inure to and bind the heirs, legatees, devisees, administrators, executors and assigns of the
<br />parties hereto.
<br />The parties hereto request that a copy of any notice of default or notice of sale hereunder shall be mailed to the
<br />Treater at Lot 12, Grand West Subdivision, Hall County, Nebraska and to the Benehdary at 2511 Lakewood Drive, Grand
<br />Island, NE 68801, by certified mail, unless either party shall be advised, in writing, of any change in address.
<br />Wherever the context so regones, singular wards shall be construed in the plural and vice versa, and the masculine
<br />gender shall be construed to include the feminine and vice versa.
<br />WITNESS OUR HANDS this 9th day of July, 2002.
<br />"J�v.�j
<br />KMKVSa, CS t .
<br />KMK Custom Huildc s, Inc.
<br />STATE OF NEHRASKA
<br />COUNTY OF HALL
<br />The foreKK ' instrument was arlmowledged before me this 9th day of July, 2012 by Michael J. Voss, President of "K Cus[o Ru' Eerw,
<br />v 6FNHiAL N01ul, J. col NeOrasMa
<br />nary ic cE .EJ.lm 30.
<br />My Corm. 4p. Jun 90, N01
<br />NOTICE
<br />When this Trust Decd has been paid in full, the Beneficiary, in order to release the fieq must
<br />L Mark the original Promissory Note and Trust Deed 'Paid In Full' over the signatures of all beneficiaries and dale
<br />all signatures.
<br />2. Advisc the Trustcc, in writing, that all amounts secured have been paid in full and authorize the Trustee to issue
<br />a Dead or Reconveyance.
<br />3. Mail the on al Promissory Note, Trust Deed and written authorization to the Trustee at the address indicated
<br />on the first page of this Trust Decd.
<br />Paramount to Nebraska law, the Trustee cannot and will not issue a Deed of Reconveymece unless and until the
<br />foregoing Items 1., 2., and 3. have been compiled with.
<br />paver ram, 9oMVe by aommM Real Bw SIMI, .me. raewaa -rzn 02 a,u r at 0119
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