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<br />DEED CAF TRUST 87— 102332
<br />Q
<br />1811ort. Norm)
<br />KNOW ALL MEN BY THESE PRESENTS: that Donald E. 'Terry and Nadine R,
<br />Terry, Husband and Wife , hereinafter referred to as t e
<br />Trustor", to secure a Note bearing even date herewith for the
<br />principal am ount of Eighty Five Thousand and No /100---------------- - - - - --
<br />Dollars ($85,000.00 payable to the order of GRAND ISLAND
<br />SlVESTWW CMGWU hereinafter referred to as the "Beneficiary ",
<br />providing for payment of the entire principal balance, together
<br />with interest at the rate of 'Pen and one- hiMrcent (10�g ) per annum,
<br />in monthly installments of Seven Hu_nU_r_eT Seventy Seven and 531100- -- ; - --
<br />------- 'Dollars ($ 777-53 ) each until ri�1 , 1980, at
<br />w c time all princaY_and interest provided for by t9rs 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 />the -;ier ee - F�atteF -E ,i and- paFt- v € -6ko- Vast -iisl� s�- tha- Nartlawost_
<br />Qsrarter- EE12NWk*}- sf-See i6ft- *1*eteen- F19 }r -#fr -T Koftghip -1 sebve- F�� }- lieRE#f- RspSa - --
<br />&le+rea -E�1} emcee- a €- Nte- s#xEir P. sr- (mere- po-rt#ear}er�y- desefi�e� -#� -the GQP%:j -
<br />SEE EXHIBIT A ATTACHED
<br />TO HAVE AND TO HOLD the same, together 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; 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) days prior to the sale; 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 shall mail Trustor a copy of any Notice of Default and
<br />Notice of Sale hereunder upon default addressed to them at
<br />1409 West Stolley Park Rd, Grand Island,NE, Out of the proceeds of
<br />said sale, the Trustee s all 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 Trn.st; 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 />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 />record, 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
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