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<br />DEED OF TRUST
<br />
<br />88- 1070(}6
<br />
<br />(Short Form)
<br />
<br />KNOW ALL MEN BY THESE PRESENTS: that Richard G.Decker and
<br />Javna A. De.cker, t-usband and wife , hereinafter referred to .as the
<br />"Trur:..;;,i", to secure a Note bearing even date herewith for the
<br />princ.i.1-a1 amount of Six thousand one hundred six and 04/100------
<br />Dollars ($ 6106.04 ) payable to the order of GRAND ISLAND
<br />FINANCE COMPANY, hereinafter !"';!ferred to as the "Beneficiary",
<br />providing for payment of the entire principal balance, together
<br />with interest at the rate of 15.9 percent r.;.9%) per annum,
<br />in monthly installments of One hundred seventy two an073/100-----
<br />Dollars ($ In. 73) each until December 21 , 19:12, at
<br />which time all principal and interest provided for by this Note
<br />shall have been paid, do hereby grant and convey unto AREND R.
<br />BAACK, Attorney at Law, the "Trustee", the fOllowing-described
<br />property:
<br />Lot Five (5), in Block "Bn in Parkview Subdivision located in the,Northeast Q~arter
<br />(NE%) of Section Twenty Nine (29) and the Northwest Quarter of SectJ.on TWI:mty EJ.ght
<br />(2B), in Township Eleven (11) North Range Nine (9) West of the 6th P.M., J.n Hall
<br />County, Nebraska
<br />
<br />TO HAVE AND TO HOLD the same, togeLher with all appurte-
<br />nances, in trust nevertheless, and in case of default in the
<br />payment of said Note or any part thereof or interest thereon or
<br />in the performance of any covenant hereinafter set forth, then
<br />the Trustee shall have the power to sell the above-described
<br />property, and upon request of the Beneficiary, the Trustee shall
<br />file for record in the Register of Deeds' Office of Hall'
<br />County, Nebraska, a Notice of Default, setting forth that a
<br />breach of an obligation, for which the said property was conveyed
<br />as security, has occurred, and setting forth the nature of such
<br />breach and the Trustee's election to sell the property to satisfy
<br />the obligation 1 and after the lapse of not less than one (1)
<br />month, the Trustee shall give written notice of the time and
<br />place of sale which may'be between 9:00 a.m. and 5:00 p.m. at the
<br />premises, or at the Hall County Courthouse, and particularly
<br />describing the property to be sold; said Notice to be published
<br />in a newspaper of a general circulation in Hall County,
<br />Nebraska, once a week for five (5) consecutive weeks, the last
<br />publication to be at least ten (10) days but not more than thirty
<br />(30) d~s prior to the salel and the Trustee shall then sell said
<br />property at the time and place designated in the Notice, in the
<br />manner provided by law in effect at the time of filing said
<br />Notice, and public auction to the highest bidder for cash and
<br />shall deliver to such purchaser a deed to the property sold,
<br />consistent with the law in effect at that time. Additionally,
<br />Trustee shal~ mail Trustor a copy of any Notice of Default and
<br />Notice of Sale hereunder upon default addressed to them at
<br />2018 Pioneer Blvd. Grand Island,Ne 68BOI . Out of the proceedSOf
<br />said sale, the Trustee shall retain and pay first all fees,
<br />charges and costs of sale and all 'monies advanced in the exercise
<br />of the power of sale, including the payment of the Trustee's fees
<br />actually incurred, and pay second the obligations secured by this
<br />Deed of Trust; and the balance, if any, shall be paid to the
<br />person or persons legally entitled thereto. Any person,
<br />including the Beneficiary, may purchase said property at such
<br />sale.
<br />
<br />The Trustor covenants that at the time of delivery of these
<br />presents, they are seized of said property in fee simple, and
<br />that said property is free of encumbrances. except encumbrances.
<br />easements, rights-of-way, restrictions and reservations of
<br />recora, and they will properly maintain the property, keep all
<br />buildings insured for fire and extended coverage in an amount
<br />equal to the unpaid balance of the aforesaid Note, with loss
<br />
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