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<br />TRUST DEED 87-- iQ� 5j�8
<br />THIS DE fD OF TRUST. made and entered into this 19th day of March , 19 $Z_
<br />by and between ALERT BENATVD7 AND DT NNE RFNAT[mZTruster. andFIRST AMF.RTrAN TTTT.R TNSiTRANf F Trustee,
<br />j" HUSBAND AND WIFE AS JOINT TENANTS WITH FULL RIGHTS
<br />i and OF SURVIVORSHIP e SECURITY PACIFIC g�nfici
<br />CE CORD
<br />WITNESSETH: That the Trustor does by these presents grant. bargain and sell, convey and confirm with Power of Sale unto the
<br />Trustee the following described Real Estate including all buildings, improvements, and fixtures of every kind now or hereafter erected or
<br />placed on the real estate, situated in HALL County. in the State of Nebraska:
<br />LOT 42, BLOCK 1, DALE ROUSH SECOND SUBDIVISION IN HALL COUNTY, NEBRASKA.
<br />and possession of said premises is now delivered unto said Trustee:
<br />TO HAVE AND 170 HOLD the same, with all rights, privileges. and appurtenances thereto belonging unto the Trustee. his executor&
<br />administrators. heim and assigns forever. And the Trustor hereby expressly waives. releases. and relinquishes unto the Trustee all right,
<br />title. claim. interest benefit. and estate whatever, in and to the above - described premises and each and even part thereof, which is given
<br />by or results from all laws of the State of Nebraska pertaining to the exemption of homestead. And the Trustor covenants with the Trustee
<br />that he will forever warrant and defend the title to the same against the lawfirl claims of all persons whomsoever.
<br />IN TRUST HOWEVER. for the following described purposes: To secure full and prompt performance of all the terms and condi-
<br />tions of that
<br />❑ Revolving Loan Agreement of even date herewith l including particularly. but not exclusively. prompt payment of all sums
<br />which are or may become payable from time to time thereunder and any extensions. renewals, modifications or refinancings thereof.
<br />which Revolving Loan .Agreement obligates Beneficiary. subpect to the conditions stated therein, to advance to Trustor up to
<br />S plus finance and other charge& (or)
<br />Ej Note of even date herewith, in the principal sum of U-S. S 5944.40 payable in monthly installments of principal
<br />and interest, with the balance of the indebtedness, if not sooner paid, due and payable on March 2LO, . 199.2—.
<br />It is agreed by and between parties hereto that until filing of Notice of Default the Trustor shalt: ( 1) pay all present and future
<br />taxes and assessments. general and special, against said property before the saute homes delinquent or actionable: i 2) keep all imprcv
<br />ments erected on the land insured as may be required from time to time by beneficiary against loss by fire and other hazards. casualties
<br />and contingencies. in such amounts and for such periods as are reasonable and may be required In beneficiary, and to keep ail policies
<br />of such insurance in force or effect upon the property herein described constantly assigned and delivered to beneffcian: ( ?) pay and
<br />comply with all the terms and conditions of any lien, claim or indebtedness that may be senior to or take precedence over this Trust
<br />Deed as soon as any such payment on or of such lien, claim or indebtedness shall become due: and upon failure of Trustor to keep
<br />any said agreements. beneficiary may pay such tax. pas for such insurance or p w. oll such lien, or claims or indebtedness as the case
<br />may be. and the money so expended, with interest at 9 'k, per annum, shall be secured by this Trust Deed. and the Trustor agrees to repay
<br />the same upon demand, and upon failure to do so the bsiance of the attached note shalf become immedia €ely due and nayal*e at tse
<br />option of the beneficiary: (4) specifically confer upon the Trustee the T k,, %er of saie as pro%ided in Nebraska IaM: ; _5 l retain pos�--ssion
<br />of the premises and collect the rents and revenues therefrom.
<br />Upon payment of all the sums secured by this Trust Deed. the Reneticiary .hail request the Trustee it, reconvey the pn)periy and
<br />shall surrender this Trust Deed and all notes evidencing indebtedness secured b thts Trust, Deed to the 1 ru!,ta,r Trustee shall recomev
<br />the property without warranty to the person or persons legally entitled thereto. but of default fie made in the payment of vt .note or
<br />any part thereof or any of the interest thereon when due or in the faithful performance of at,y or either of 4od agreements as atoresUd-
<br />then the whole of said note shall become due and be paid as hereinafter provided, and this deed shall remwn to farce- the Trustee or
<br />his attorney may proceed to sell the property in its entirety or in panels at the opuon of the Trustee hereinheti?re described it public
<br />auction, to the highest bidder, f o r cash. However, the power of sale herein conferred upon the Trustee shall not he a ed . : , ; a , l .
<br />the Trustee shall first file for record. in the office of the register of deeds of each coum% wherein the trust property or sotne rIart or
<br />parcel thereof is situated, a notice of default, identifying the Trustee by stating the names of ibe Trustor and names therein and t,vtng
<br />the book and page where the same is recorded, a description of the trust property. and comae Wing a statement that a breach of an obligation
<br />for which the trust property was conveyed as security has occurred, and setting forth the nature of such breach and of his election to
<br />sell or cause to be sold such property to satisfy the obligation: and ( 2) after the lapse of not less than one month. the Trustee shall Zoe
<br />notice of sale as provided by Nebraska law. After notice of default and lapse of not less than one month. the Trustee shall give urtten
<br />notice of the time and place of sale particularly describing the property to be sold by publication of such notice. at least five ones.
<br />once a week for five consecutive weeks, the last publication to he at least 10 days but not more than ?Q days prior to the safe in some
<br />newspaper having a general circulation in each county in which the property to he sold or some p:rt thereof: is situated. ('poll such
<br />sale. the Trustee shall execute and deliver a deed of conveyance of lhr property —1d to, the puwhaset nr purchasws thereof and art
<br />statement or recital of fact in such deed in relation to the exercise of the rAmer of sale .utd sale of the property described thereto. mciudnre
<br />recitals c,ntcerntttg any marling. personal delivery and publication , ' the nnticc - +l default. an% taathile tnd tier pubheauoo ,ant; rl- "t rLs
<br />of nonce of sale. and the conduct of sale: and such reenal shall constitute pnni,i true es rdence ,�i surly c,'mpha %Ix c ,rod c,+nd lusn` Cl ,,icuce
<br />thereof art favuf of lion& fide purchasers and encumhrancers lot value and without notlLc IIte Ittaste lord .h.rli �q,,�r.ue trseo
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