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<br />
<br />NOTICE OF DEFAULT
<br />
<br />TO: Shafer Properties LLC
<br />1004 N. Diers Avenue, Suite #300
<br />Grand Island, NE 68803
<br />
<br />c;;50
<br />Notice is hereby given by the undersigned Trustee that pursuant to a Deed of Trust, ./
<br />made and executed by Shafer Properties LLC, by Joel Shafer, Member of Shafer
<br />Properties LLC, as Trustor, to Geneva State Bank, as Trustee, dated April 8, 2004,
<br />covering the following described real estate, to-wit:
<br />
<br />Lot 3, Crane Valley 4th Subdivision, in the City of Grand Island, Hall County,
<br />Nebraska and
<br />
<br />(More commonly known as: 920 N. Diers Avenue, Grand Island, NE 68803)
<br />
<br />which is also known as the "Real Property" or "Property" to secure certain obligations in
<br />favor of Geneva State Bank, as Beneficiary, such Deed of Trust being recorded on April
<br />9, 2004, as Instrument No. 200403504 in the office of the Register of Deeds of Hall
<br />County, Nebraska. A breach of an obligation for which the above described Real Property
<br />was conveyed as security has occurred in that default has been made in the repayment
<br />of the indebtedness evidenced by Trustor's, (also known as Borrower) Promissory Note
<br />dated December 21,2005, and no cure of such default has been made. All principal and
<br />interest is now due and payable and Geneva State Bank, Beneficiary, has delivered to the
<br />Trustee a written declaration of default and demand for sale and a written notice of default
<br />and election to cause to be sold the Real Property described in such Deed of Trust to
<br />satisfy said obligations.
<br />
<br />Dated this gol day of October, 2007.
<br />
<br />Geneva State Bank, Trustee, the said
<br />Geneva State Bank being a banking
<br />corporation organized and existing under the
<br />laws of the State of Nebraska,
<br />
<br />
<br />BY~
<br />Allan D e son, President
<br />
<br />STATE OF NEBRASKA )
<br />) ss.
<br />County of Fillmore )
<br />
<br />The foregoing instrument was acknowledged before me on this3\.;i--day of October,
<br />2007, by Allan D. Jefferson, President of Geneva State Bank, a Nebraska Banking
<br />Corporation, on behalf of said Corporation, as Trustee.
<br />
<br />
<br />
<br />~ GENERAl. NOTARY -"'" ~ tIe""'~
<br />.j~ i KEVIN D. PARDE
<br />e,J.~ My Comm. Exp. Oct 8, 2010
<br />
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