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TRUST DEED 88- 105157 THIS DEED OF TRU!IT. made and entered into Ihls 22nd day of ~p-p"..mhAt" ,19U- r byandbetweer. Raymond L. Vang and Florence M. V~~stor,and"'''''Q'' am.....,.i,..,.n "'.....lllt 1TJHmrl.lnCft Co,Trulitec, Husband and Wife as JDint Tenants and Security Pacific Financial Services of I'?W!neGn!fury: WITNESSETH: That the Trustor does by these presents gmnt. bargain and sell. convey and confinn with Power of Sale unto the Trustee Ihe following described Real Estate Including all buildings, improvements. and fixtures 01 every kind now or hereafter erected or placed on the real estate. situated in Hall County, in the Stale of NebrasJca, Lot 4, Block 1 in Le Heiqhts Subdivision, in the Northwest ~ of the Northwest \ of Section 11, Township 11 North, Range 10 West of the 6th P~M., Hall County, Nebraska. and possession of said premises is now delivered unto said Trustee: m HAVE AND m HOLD the same. with all rights, privileges. and appurtenances thereto belonging unto the Trustee. his executors, administrators. heirs, and assigns forever. And the Trustor hereby expressly waives. releases. and relinquishes unto the Trustee all right.. title. claim. interest. benefit. and estate whatever. in and to the above-described premises and each and every part thereof, which is given by or results from all laws of the State of Nebraska pertaining to the exemption of homestead. And the Trustor covenants with the Trustee that he will forever warrant and defend t.he title to the same against the lawful claims of all persons whomsoever. IN TRUST HOWEVER. for the following described purposes, To secure full and prompt performance of all the tcnns and condi- tions of that Ii] Revolving Loan Agreement of even date herewith (including particularly, but not exclusively, prompt payment of all sums which are or may become payable from time to time thereunderl and any extensions. renewals. modifications or refinancings thereof. which Revolving Loan Agreement obligates Beneficiary. subject to the conditions stated therein. to advance to Trustor up to $ 35,000.00 . plus finance and other charges (or) o Note of t:ven date herewith. in the principal sum of U.S. $ payable in monthly installments of principal and interest.. with the balance of the indebtedness, if not sooner paid, due and payable on ' 19_, h is agreed by and between parties hereto that until fi!ing of Notice of Default.. the Trustor shall: ( II pay all present and future taxes and assessments. general and special. against said property before the same becomes delinquent or actionable: (2) keep all improve- ments erected on the land insured as may be required from time to time by beneficiary against loss by fire and other hazards. casualties and contingencies. in such amounts and for such periods as are reasonable and may be required hy beneficiary. and to keep all policies of such insurance in force or effect upon the propeny herein described constantly assigned and delivered iO beneficiary; (J) pay and comply with all the terms and conditions of any lien. claim or indebtedness that may be senior to or take precedence over this Trust Deed as soon as any such payment on or of such lien. claim or indebtedness shall become due: and upon failure of TruSlor to keep any said agreements. beneficiary may pay such tax., pay for such insumnce or pay ofT such liens or claims or indebtedness as the case may be. and the money so expended, with interest at 9% per annum. shall be secured by this Trust Deed. and the Trustor agrees to repay the same upon demand. and upon failure to do so the halance of the attached note shall become immediately due and payable at the option of the beneficiary; (4) specifically confer upon the Trustee the power of sale as provided in Nebr.L'ika law: (5) retain possession of the premises and collect the rent, and revenues therefrom. Upon pa)mem of all the sum~ secured by this Trust Deed. the Beneficiary shall requesl the Trustee 10 reconvey the property and shall surrender this Trust Deed and all notes evidencing indebtedness secured by this Trust Deed to the Trustor. Trustee shall reconvey the propeny without warrunt)' to the person or persons legally entitled thereto; but if default be made in the paym~nt of said note or any pan thereof or any of the interest thereon when due or in the faithful performance of any or either of said agreements as aforesaid. then the whole of said note shall becomc due and be paid as hereinafter provided. and this deed shali remain in force: the Trustee or his attorney may proceed to sell the property in its entirety or in parcels a1 the option of the Trustee hereinbefore described at public: auction. 10 the highest bidder. for cash. However. the power of sale herein conferred upon the Tru!otee shall not be ex.ercised until ( II the Trustee shall first file for record. in the oflice of the register of deeds of each county wherein tile: trusl propert) nr !otlme part or parcel thereof is situated. a notice of default, identifying the Trustee by stating the names of the Trustor and nam~ therein and giving the book and 'Page where the same is recorded. a description of the trust property, and comaming a statement that a breach of an ohligation for which the truSI propen)' was conveyerl us security has occurred. and !oetting forth the nature of such breach and of his election 10 sell or cause i.O be sold such property to satisfy the obligation; and (21 afler the lapse of not less than one month. tht: Trustee shall give notice of sale as. provided by Nebraska law. After notice of default and lapse of not less than one month, the Trustee shall give wnllen notice of the time and place of saJe particularl].' describing lhe properly to be sold hy publication of such DoUce, III leilst n\lL' t1me~, once a week for five consecutive weeks. the last publication La be al least 10 days but not m(\rt than )0 days rmor 10 the sule. m snme nev.'Spaper having a general circulation to each count) in which the pmpen~ to be sold. or some parl Ihereof. Il- sll uated, L 'pon such sale. the Trustee !Jta.I1 execute and deliver a deed of convc}uncc of the prol1ert~ sold 10 the purch3scr or purchasers thereof and an) \1!lemenl or recital of fact to ~uch deed 10 relallofl to the c),efClsr pi the pu\\er of sale and sale of the Jlroper1~ Jescnt'lt'J tlll'U'llI, IIll'luJmg reC1lah. conc:e:rning an} mailing.. ~n.onal dcll\'cl) and publlc:ullnn Ill' lhe nlllll;c "I' JclOIuh. ;10) maJlin,!; amllhc puhlll';lIlL11l ,Ind pl'..llf!~ of noUn' of ~h:. and the conductor sale; and such rt'clUll shall con!l.tltutc pnma ra~l(: C\ uklll'(' \11 '-lIdl ~'pmrll,lll' l' ."1.1 ""1\ IU'l\l. n IJC'nn' theft".lf In favor Hf btlOa fide pun:~e~ and cncumhrunccT1i hlr value and \Iollhll1lt n(~tll-l' I Ill" IIIJ..ll'l" dl'l'll ..11,,11 "11('1,111' I", l~n~l"\ ~" ~ .f"Ii1 rv.O?31141. ORiGINAL