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F- `'{ Y TRUST DEED 101506 87- THIS DEED OF TRUST, made and entered into this 18th day of March .19 87 by and between ROGER W POPPERT SINGLE PERSON , Trustor, and FIRST AMERICAN TITLE INSURANCE COMI')'AMee, rand SECURITY PACIFIC FINANCE CORP Beneficiary: WITNESSETH: That the Trustor does by these presents grant, bargain and sell, convey and confirm with Power of Sale unto the Trustee the following described Real Estate including all buildings. improvements. and fixtures of every kind now or hereafter erected or placed on the read estate. situated in HALL County, in the State of Nebraska LOTS 197 AND 198, BELMONT, AN ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. and possession of said premises is now delivered unto said Trustee. TO HAVE AND TO HOLD the same. with all rights. privilege-, 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 the 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 terms and condi- tions of that ❑ Revolving Loan Agreement of even date herewith (including particularly, but not exclusively, prompt payment of all sums which are or may become payable firm time to time thereunder) and am extensions. renew als. modifications or refinancings thereof which Revolving Loan agreement obligates Beneticiary, subfect to the conditions stated therein, to advance to Tntstor up to S . plus finance and other charges. tare El Note of even date herewith, in the principal ! :tu of U-S_ S 7411 71 payable in monthly installments of principal and interest. with the balance of the indebtedness, if not sooner paid, due and payable on 3.1 23.( . 19" , It is agreed by and between parties hereto that until filing of Notice of Default. the Trustor shall: (I 1 pay all present and future tastes and assessmenm general and special, against said property before the same becimnes delinquent or actionable: (2) keep all improve- ments erected on the land insured as may be required from time to time lsy heneficiary against loss by fire and other hazaids, casualties and contingencies, in such amounts and for such periods as are reasonable and may be required by beneficiary. and to keep all policies of such insurance in force or effect upon the property herein described constantly assigned and delivered to beneficiary: tat play 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 Trustor us keep any said agreemenm beneficiary may pay such tax. pay for such insunance or pay ofT such liens or claims or indebtedness as the case may be. and the money so expended. with interest at w" 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 balance of the attached note shall become immediate)_ due and payablc at the - option of the beneficiary: t41 specifically comer upon the Trustee the power of sale as provided in Nebraska last: y? retain pc+sseasi <?n of the premises and collect the rents and revenues therefrom. Upon payment of all the sum. secured by this Trust Deed, the Beneficiary shall request the Trustee to reconvey the properiy and shall surrender this Trust Deed and all notes evidencing indebtedness secured by this Trust Deed to the Trustor. Trustee shall recon%ey the property without warranty to the person or persons legally entitled theito: but if default be made in the payment of said note or any part thereof or am of the interest thereon when due or in the faithful performance of any or either of said agreements as aferesaid then the whole of said note shall become due and be paid as hereinafter pmvided and this deed shall remain in force: the Trustee or ;- his attorney may proceed to sell the property in its entirety or in parcels at the option of the Trustee hereinheiore descritxd at public auction, to the highest bidder, for cash. However. the power of sale herein conferred upon the Trustee shall not he exercised until t 1 t the Trustee shall first file for record, in the office of the register of deedi of each coun.rt [therein the trust property or soiree hart or parcel thereof is situated. a notice of default, identifying the Trustee by stating the names of the Trustor and names therein and =_wing the book and )rage where the same is recorded, a description of the trust property, and containing a statement that a breach of an obligation for which the trust property was conveyed as security has occurred, and setting forth the nature of such breach and of his election to sell or cause to be sold such protrerty to satisfy the obligation: and (2 ) after the laps if not less than one month. the Trustee shall give notice of sale as provided by Nebraska law. After notice of default and lapse of not less than ixte month. the Trustee shall give written notice of the time and place of sale particularly describing the property to he sold by publication "t such notice_ at least five times once a week fix five consecutive weeks. the last publication to be at least 10 dais but not more than 30 d-ivs prior to the fade in some newspaper having a general circulation in each county in which the property to be sold or some pan thereot. is situated_ Lp *n .uch sale, the Trustee shall execute and deliver a deed of conveyance of the property sold to the purchaser or purchasers there"[ and am statement or rcvital of fact in such (feed in relation to the exercise of the power of Life and sale of the property de,ci ibed therein. utcludins xexilal3 conceretng any mailing. pei3onal delivery and Pub f:calurn of the noiac or uc'i.ti n. ano m;riianc and the panirc;fiwn end pohux i of notice of s41e, and the conduct of sale: and such recital shall const;iute pnrna lack e: idence -f such conipli.rnt c and cords, to ,v idence thereof at favor of bona fide purchasers and encumbrancers for waluc and without notice Chr truster s deed ,hail nperatc t,+ onto riftlf,,fiAt f