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<br />88- 105086
<br />
<br />NOTICE OF DEFAULT
<br />
<br />TO WHOM IT MAY CONCERN:
<br />WHEREAS, Jerrold H. Jenson and Sally J, Jenson, husband
<br />and wife, as Trustors, on June 27, 1983, made, executed, and
<br />delivered to Stewart Title Guaranty Company, as Trustee, a Deed
<br />of Trust covering the following described property, to wit:
<br />
<br />Lot Eleven (11), Western Heights Second
<br />Subdivision, Hall County, Nebraska
<br />
<br />WHEREAS, said Deed of Trust was given as' security for
<br />the payment of a certain note on the same date by Jerrold H.
<br />Jenson and Sally H. Jenson, husband and wife, to Superior Mort-
<br />gage, Inc., the Beneficiary of said Deed of Trust, which Deed of
<br />Trust was recorded on June 28, 1983, in the office of the Regis-
<br />ter of Deeds, Hall County, Nebraska, as Document No, 83-003408 at
<br />of the Mortgage Records; and
<br />WHEREAS, the said Superior Mortgage, Inc. duly executed
<br />a written Assignment of the Deed of Trust to Norwest Mortgage,
<br />Inc. on June 27, 1983, and thereupon delivered the Deed of Trust
<br />and said written Assignment thereof to Norwest Mortgage, Inc. in
<br />the regular course of business and for a valuable consideration,
<br />which Assignment of Deed of Trust was recorded in the office of
<br />the Register of Deeds for Hall County, Nebraska, on June 28,
<br />1983, as Document No. 83-005393 of the Mortgage Records; and
<br />WHEREAS, the said Norwest Mortage, Inc. duly executed a
<br />written Assignment of the Deed of Trust to The Lomas & Nettleton
<br />Company on February 28, 1985, and thereupon delivered the Deed of
<br />Trust and said written Assignment thereof to The Lomas &
<br />Nettleton Company in the regular course of business and for a
<br />valuable consideration, which Assignment of Deed of Trust was
<br />recorded in the office of the Register of Deeds for Hall County,
<br />Nebraska, on September 3, 1985, as Document No. 85-004260 of the
<br />Mortgage Records; and
<br />WHEREAS, sometime after the execution and delivery of
<br />the Deed of Trust and Note and prior to the maturity dates
<br />thereof, Jerrold H. Jenson and Sally H. Jenson, husband anu 'iJife,
<br />transferred and conveyed the Property to Farid Zarasvand and
<br />Debra Lee Zarasvand, who are now the owners and holders of record
<br />title thereto; and
<br />WHEREAS, the said Lomas & Nettleton Company d~ly
<br />executed a Substitution of Trustee on June 20, 1988, remO\'1ng
<br />Stewart Title Guaranty Company as original Trustee and appointing
<br />Kevin L. Reiner, Attorney at Law as successor Trustee, which
<br />Substitution of Trustee was recorded in the office of the Regis-
<br />ter of Deeds for Hall County, Nebraska, on August 19, 1988, as
<br />Document 88-104577 of the Miscellaneous Records; and
<br />WHEREAS, a breach of the obligation for which the trust
<br />property was conveyed as security has occurred, to wit: Farid
<br />Zarasvand and Debra Lee Zarasvand have wholly failed, neglected,
<br />and refused to pay the principal and interest due for the months
<br />
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