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Pursuant to Article 10 of Chapter 76 of the Revised Statutes of Nebraska, notice is hereby
<br />given of a default by Red Wolf, Inc., a Nebraska corporation (whether one or more, collectively the
<br />"Borrower "), under that certain Deed of Trust by and between said Borrower and Alan D. Slattery as Trustee
<br />( "Original Trustee "), and Jack A. Luth and Porky's Pub, Inc., a Nebraska corporation, as Beneficiary
<br />( "Lender "), which said Deed of Trust was filed of record with the Hall County Register of Deeds on May
<br />21, 2001, as Instrument No. 2001-0473 1. Per a Substitution of Trustee, F. William Schellpeper III, a member
<br />of the Nebraska State Bar Association ( "Trustee "), has been substituted for the Original Trustee as trustee.
<br />The trust property described in said Deed of Trust is the following:
<br />Parcel 1: The Northerly One Hundred and Five Tenths (N 100.5) feet of the
<br />Easterly Two - Thirds (E 2/3s) of Lot One (1), in Block Fifty Four (54),
<br />Original Town of Grand Island, Hall County, Nebraska; and
<br />Parcel 2: The Southerly Thirty One and Nine - Tenths (S 31.9) feet of the
<br />Easterly Two - Thirds (E 2/3s) of Lot One (1), in Block Fifty Four (54),
<br />Original Town of Grand Island, Hall County, Nebraska
<br />Breaches of obligations for which the above - described trust property was conveyed as
<br />security have occurred inasmuch as the Borrower has failed to pay monthly principal and interest payments
<br />that were due pursuant to the terms of said Deed of Trust and Promissory Note referred to therein (the
<br />"Note "). The indebtedness under the Note and secured by the Deed of Trust has been accelerated and
<br />Borrower is liable to Lender for the full amount of all principal and interest under the Note, plus all future
<br />interest per the terms of the Note, plus all other fees, costs, and expenses to which Lender is entitled under
<br />the said Deed of Trust, the Note, and /or applicable law. Borrower is hereby notified that Borrower has the
<br />right to (a) reinstate the obligation secured by the Deed of Trust by making timely payments in accordance
<br />with the terms of Neb. Rev. Stat. § 76 -1012, and (b) bring a court action to assert the nonexistence of a
<br />default or any other defense of Borrower to acceleration and sale.
<br />Pursuant to the terms of the said Deed of Trust and Article 10 of Chapter 76 of the Revised
<br />Statutes of Nebraska, Trustee, at the instruction of Lender, has elected to sell or cause the above- described
<br />trust property to be sold to satisfy the Borrower's obligations to the Lender under said Deed of Trust.
<br />DATED A, re_ Sz6cS S
<br />TRU
<br />F. William Schellpeper I11, a member of the
<br />Nebraska State Bar Association,
<br />Trustee
<br />STATE OF NEBRASKA )
<br />) ss.
<br />COUNTY OF LANCASTER )
<br />The foregoing instrument was acknowledged before me on h, 2005, by F.
<br />William Schellpeper 111, as Trustee.
<br />L� GENERA�,�
<br />TARY - 5tate of Nebr
<br />i�i. Env. uN GIE FANot ary ublic Mmm. Exp. y ,
<br />Please return to:
<br />Bill Schellpeper
<br />Rembolt Ludtke LLP
<br />1201 Lincoln Mall, Suite 102
<br />Lincoln, NE 68508
<br />(402) 475 -5100
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<br />NOTICE OF DEFAULT"'
<br />Pursuant to Article 10 of Chapter 76 of the Revised Statutes of Nebraska, notice is hereby
<br />given of a default by Red Wolf, Inc., a Nebraska corporation (whether one or more, collectively the
<br />"Borrower "), under that certain Deed of Trust by and between said Borrower and Alan D. Slattery as Trustee
<br />( "Original Trustee "), and Jack A. Luth and Porky's Pub, Inc., a Nebraska corporation, as Beneficiary
<br />( "Lender "), which said Deed of Trust was filed of record with the Hall County Register of Deeds on May
<br />21, 2001, as Instrument No. 2001-0473 1. Per a Substitution of Trustee, F. William Schellpeper III, a member
<br />of the Nebraska State Bar Association ( "Trustee "), has been substituted for the Original Trustee as trustee.
<br />The trust property described in said Deed of Trust is the following:
<br />Parcel 1: The Northerly One Hundred and Five Tenths (N 100.5) feet of the
<br />Easterly Two - Thirds (E 2/3s) of Lot One (1), in Block Fifty Four (54),
<br />Original Town of Grand Island, Hall County, Nebraska; and
<br />Parcel 2: The Southerly Thirty One and Nine - Tenths (S 31.9) feet of the
<br />Easterly Two - Thirds (E 2/3s) of Lot One (1), in Block Fifty Four (54),
<br />Original Town of Grand Island, Hall County, Nebraska
<br />Breaches of obligations for which the above - described trust property was conveyed as
<br />security have occurred inasmuch as the Borrower has failed to pay monthly principal and interest payments
<br />that were due pursuant to the terms of said Deed of Trust and Promissory Note referred to therein (the
<br />"Note "). The indebtedness under the Note and secured by the Deed of Trust has been accelerated and
<br />Borrower is liable to Lender for the full amount of all principal and interest under the Note, plus all future
<br />interest per the terms of the Note, plus all other fees, costs, and expenses to which Lender is entitled under
<br />the said Deed of Trust, the Note, and /or applicable law. Borrower is hereby notified that Borrower has the
<br />right to (a) reinstate the obligation secured by the Deed of Trust by making timely payments in accordance
<br />with the terms of Neb. Rev. Stat. § 76 -1012, and (b) bring a court action to assert the nonexistence of a
<br />default or any other defense of Borrower to acceleration and sale.
<br />Pursuant to the terms of the said Deed of Trust and Article 10 of Chapter 76 of the Revised
<br />Statutes of Nebraska, Trustee, at the instruction of Lender, has elected to sell or cause the above- described
<br />trust property to be sold to satisfy the Borrower's obligations to the Lender under said Deed of Trust.
<br />DATED A, re_ Sz6cS S
<br />TRU
<br />F. William Schellpeper I11, a member of the
<br />Nebraska State Bar Association,
<br />Trustee
<br />STATE OF NEBRASKA )
<br />) ss.
<br />COUNTY OF LANCASTER )
<br />The foregoing instrument was acknowledged before me on h, 2005, by F.
<br />William Schellpeper 111, as Trustee.
<br />L� GENERA�,�
<br />TARY - 5tate of Nebr
<br />i�i. Env. uN GIE FANot ary ublic Mmm. Exp. y ,
<br />Please return to:
<br />Bill Schellpeper
<br />Rembolt Ludtke LLP
<br />1201 Lincoln Mall, Suite 102
<br />Lincoln, NE 68508
<br />(402) 475 -5100
<br />G: \WDOX \clients \27628 \000 \00037044. WPD
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