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<br />200709590
<br />
<br />NOTICE OF DEFAULT
<br />
<br />TO: Shafer Properties, LLC
<br />1004 N. Diers Avenue, Suite #300
<br />Grand Island, NE 68803
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<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 December 21,2005,
<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,
<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
<br />December 23, 2005, as Instrument No. 0200512551 in the office of the Register of Deeds
<br />of Hall County, Nebraska. A breach of an obligation for which the above described Real
<br />Property was conveyed as security has occurred in that default has been made in the
<br />repayment of the indebtedness evidenced by Trustor's, (also known as Borrower)
<br />Promissory Note dated December 21,2005, and no cure of such default has been made.
<br />All principal and interest is now due and payable and Geneva State Bank, Beneficiary, has
<br />delivered to the Trustee a written declaration of default and demand for sale and a written
<br />notice of default and election to cause to be sold the Real Property described in such Deed
<br />of Trust to satisfy said obligations.
<br />
<br />Dated this31 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 tliUJ~
<br />Allan ~ erson, President
<br />
<br />STATE OF NEBRASKA )
<br />) ss.
<br />County of Fillmore )
<br />
<br />The foregoing instrument was acknowledged before me on thisMday 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 />_l~ l~ ,1\ J\~
<br />
<br />Notary ~
<br />, GENERAL NOTARY. State of Nebraska
<br />II!~ KEVIN D. PARDE
<br />",~,,_ My Comm. Exp. Oct. 8, 2010
<br />
<br />
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