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200208568 following conditions, as specified in the Trust Deed, authorize this conveyance: 1. Breach and default were made under the terms of the Trust Deed in the particular set forth in the notice of default hereinafter referred to, which default continued until the time of sale. 2. There was filed for record on April 8, 2002, as Instrument No. 200203771, a Notice of Default in the Office of the Register of Deeds of Hall County, Nebraska, and of election to sell the property to satisfy the obligations secured thereby and thereafter notice of the filing of the Notice of Default was sent in the statutory manner to all persons entitled to a notice thereof. 3. That thereafter Notice of Trustee's sale was properly made stating that Trustee would sell at public auction to the highest bidder the property hereinbefore described, fixing the time and place of the sale as the 11th day of July, 2002 at 10:00 o'clock A.M. at the Lower Lobby of the Hall County Courthouse in Grand Tsland, Hall County, Nebraska and caused copies of said notice to be published once a week for five consecutive weeks in the Grand Island Independent, a legal newspaper printed, published and of general circulation in the County of Hall, Nebraska. The first date of publication was May 28, 2002, and the last day of publication was June 25, 2002. Notice of such Trustee Sale was sent to the Trustors and all persons entitled to notice thereof in accordance with applicable law. 4. All applicable statutory provisions of the State of Nebraska and the United States of America and all provisions of such Trust deed have been complied with as to acts co be performed and notices to be given. The Trustee at the time and place of sale fixed as aforesaid, then and there sold, at public auction, to Grantee, who was the highest bidder therefor, the property hereinbefore described for the sum of $56,392.74. Dated this 11th day of July, 2002. -2-