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TRUST DEED 103550
<br />THi DEED OF TRUST. made and entered into this 12th day o s 07Tuue. _ , 19-8.7--
<br />by and between T.AW117NVV. t: _ PALACE aNn JArQJ7F.T.T1-TR XTrustor, and FIRST AMERICAN TITLE INSURANCE , Trustee,
<br />PALACZ, HUSBAND AND WIFE
<br />and ' SECURITY PACIFIC FINANCE CORP Beneficiary;
<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 County, in the State of Nebraska:
<br />LOT 68, IN BELMONT ADDITION TO THE CITY OF GRAND ISLAND, HALL COMM, NEBRASKA
<br />and possession of said premises is now delivered unto said Trustee;
<br />TO HAVE AND TO HOLD the same, with all rights, privileges, and appurtenances thereto belonging unto the Trustee, his executors,
<br />administrators, heirs, 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 every part thereof, which is given
<br />by or results from all laws of th-- 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 lawful 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 (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, subject to the conditions stated therein, to advance to Trustor up to
<br />$ , plus finance and other charges. (or)
<br />13 Note of even date herewith, in the principal sum of U.S. $ 5826-19 payable in monthly installments of principal
<br />and interest, with the balance of the indebtedness, if not sooner paid, due and payable on usk'a 77 , 1992 .
<br />It is agreed by and between parties hereto that until filing of Notice of Default, the Trustor shall: (1) pay all present and future
<br />taxes and assessments, general and special, against said property before the same becomes delinquent or actionable; (2) keep all improve-
<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 by beneficiary, and to keep all policies
<br />of such insurance in force or effect upon the property herein described constantly essigned and delivered to beneficiary; (3) pay and
<br />comply with all the terms and conditions of any lien, claim or indebtedness that nay 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 shad bec ime due; and upon failure of Trustor to keep
<br />any said agreements, beneficiary may pay such tax. pay for such insurance or pay cff such liens or claims or indebtedness as the case
<br />may be, and the money so expended, with interest at 9% 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 balance of the attached note shall become immediately due and payable at the
<br />option of the beneficiary; (4) specifically confer upon the Trustee the power of sale as provided in Nebraska law: (5) retain possession
<br />of the premises and collect the rents and revenues therefrom.
<br />Upon payment of all the sums secured by this Trust Deed, the Beneficiary shall request the Trustee to reconvey the property and
<br />shall surrender this Trust Deed and all notes evidencing indebtedness secured by this Trust Deed to the Trustor. Trustee shall reconve!e
<br />the property without warranty to the person or persons legally entitled thereto; but if default be made in the payment of said note or
<br />any part thereof or any of the interest thereon when due or in the faithful performance of any or either of said agreements as aforesaid,.
<br />then the whole of said note shall become due and be paid as hereinafter provided, and this deed shall remain in force; the Trustee of
<br />his attorney may proceed to sell the property in its entirety or in parcels at the option of the Trustee hereinbefore described at public
<br />auction, to the highest bidder, for cash. However, the power of sale herein conferred upon the Trustee shall not be exercised until (t)
<br />the 'trustee shall first file for record, in the office of the register of deeds of each county wherein the trust property or some part or
<br />panel thereof is situated, a notice of default, identifying the Trustee by stating the names of the Truster and names therein and giving
<br />'the book and page where the same is recorded, a description of the trust property. and containing 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 give
<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 wrtten
<br />rn'n`ice of the time and place of sale particularly describing the property to be sold by publication of such notice, at least live times,
<br />once a week for five consecutive week& the last publication to be at least 10 days but not more than 30 days prior to the sale, in some
<br />newspaper having a general circulation in each county in which the property to be sold, or some part thereof, is situated. Upon such
<br />safe, the Trustee shall execute and deliver a deed of conveyance of the property sold to the purchaser or purchasers thereof and any
<br />statement or rec ital of fact in such deed in relation to the exercise of the power of sale and side of the property described therein, including
<br />teCdAls concerning any mailing, personal delivery and publication of the notice of default, any mailing and the publication and posting
<br />of notice of pie, and the conduct of sale; and such recital shall constitute prima facie evidence of such compliance and conclusive evidence
<br />thereof i r favor J bona fide purchasers and encumbrancer% for value and without notice. The Trustee's deed shall openue to convey
<br />A 110029;' NE OFUGINAL
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