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<br />UNION TITLE
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<br />Fax ,402-488-2834
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<br />Jun 12 200B 11; 31am P003/004
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<br />200605215
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<br />and their employees, servants and agents haxmless for any damages unavoidably inflicted upon
<br />the. Property In connec~ion ~it.h the exercise of rights arising WIder this Paragraph, and hereby
<br />waIves any cause of actIon ansmg therefrom.
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<br />Upon payment of all S11lIl$ secured by this Trust Deed, the BeneficiiU)' shall request the
<br />Trustee, m writmg to reconvey the property and shall surrender this Trust Deed and all notes
<br />evidencing indebtedness secured by this Trust Deed to the Trustee. Trustee shall reconvey the
<br />property without warranty to the person or persons legally entitled thereto; but if default be made
<br />III tht: payment of said Note or any part thereof or any of the interest thereon when due or in the
<br />faithful perfonnance of any or either of said agreements as aforesaid, then the whole of said Note
<br />shall become: due and be paid as hereinafter provided, and this deed shall remain in force. The
<br />Trustee or his attorney may then proceed to sell the property in its entirety or in parcels at the
<br />option of the Trustee, hereinbefore described at public auction, to the highest bidder for cash.
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<br />The Power of Sale conferred uP9n the Trustee shall not be exercised until the Trustee
<br />shall first file for record, in the Office of the Register of Deeds of each county wherein the trust
<br />property or some part or parcel thereof is situated, a Notice of Default, identifYing the Trust Deed
<br />by stating the names of the Trustor named therein and giving the Book and Page where the same
<br />is record-ooJ. a description of the trust property, and containing a statement that a breach of an
<br />obligation ror which the trust proPtlrty was conveyed as secunty has occurred, and setting forth
<br />the nature of such breach and his election to sell or cause to be sold such property to satisfy the
<br />obligation; and after the lapse of not less than one month, the Trustee shall give notice of sale as
<br />proVIded by Nebraska law.
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<br />After Notice of Default and lapse of not less than one month, the Trustee shall give
<br />written notice of the time and place of sale particularly describing the Property to be sold by
<br />publication of such notice, at least five times, once a week for five conseculive weeks, the last
<br />publication to be at least 10 days but not more than 30 days prior to the sale, in some newsp3l?er
<br />having Eeneral circulation in each county in which the property to be sold, or some part thereof is
<br />Sltuatecf
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<br />Upon such sale, the Trustee shall execute and deliver a deed of conveyance of the
<br />property sold to the purchaser or purchasers thereof and any statement or recital of fact in such
<br />deed in relation to the exercise 0 the Power of Sale and sale of the property described herein,
<br />including recitals concernip.g any' mailing, personal delivery and publication and posting of notice
<br />of such sale, and the conduct of sale, shall constitute prima facie evidence of such compliance
<br />and conclUSIve evidence thereof in favor of bona fide purchasers and encumbrances for value and
<br />without notice. The Trustee's deed shall operate to convey to the Purchaser, without right of
<br />redemption, the Trustee's title and all rigljt title and claim of Trustor and his successors in
<br />interest subsequent to the execution of the trust Deed. The Trustee shall appl}' the proceeds of
<br />the Trustee's sale, FIRST, to the cost and expenses of exercising the Power of Salei and of the
<br />sale, including the payment of the Trustee's fees actually incurred, which fees sha I include a
<br />reasonable attorneys fee, not to exceed $350.00; SECOND, to the payment of the obligations
<br />secured by the Trust Deed; THlRD, to the payment of junior trust deeds, mortgages or other
<br />lienholders, and the balance, if any, to the person or persons legally entitled thereto
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<br />And the Trustee covenants faithfully to perform the trust herein created. Trustee shall
<br />have po obligations under this Trust Deed other than those expressly provided for herein.
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<br />BENEFICIARY may' from time to time substitute a successor or successors to any
<br />Trustee named herein or acting hereunder to execute the power of Sale under this Trust Deed_
<br />Uyon such appointment and WIthout conveyance to the successor, the latter shall be vested with
<br />al title, powers, and duties conferred upon any uustee herein named Qr acting hereunder. Each
<br />such su\:istitution and appointment shall be made in accordance with the laws of the State of
<br />Nebraska applicable thereto.
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<br />The waiver by the Trustee or Beneficiary of any default of Trustor under this Trust Deed shall
<br />not be deemed to be a waiver of any other or similar defaults subsequently occurring.
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<br />This Trust Deed shall be construed according to the laws of the State of Nebraska.
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<br />This Trust Deed shall inure to and bind the heirs, legatees, devisees, administrators,
<br />executors and assigns of the parties hereto.
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<br />The Earties hereto request that a coPy of any notice of default or notice of sale hereunder
<br />shall be maIled to the Trustor at 2423 W. Anna, Grand Island, Nebraska, 68803 and to the
<br />Beneficiary at P-O- Box 6815, Lincoln, Nebraska, 68506, by certified mail, unless either party
<br />shall be advised, in writing, of any change in address.
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<br />Wherever the context so requires, singular words shall be construed in the plural and vice
<br />versa, and the masculine gender shall be construed to include the feminine and vice versa-
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<br />Pagr.2 on
<br />Fonn &oftware by: Autumatcd Real Estate Servim.ln~. - 800.330.1295
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<br />File, ttstJ3
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