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E TRUST DEED 87, 103900
<br />THIS DEED OF TRUST, made and entered into this_ nib - day cif. I9
<br />by and between Lester Robert Lentz and Fern Jeanet T
<br />Husband an a as o n bran s an no a en nt
<br />. t jtyj1 ific.Finance_Cor Corporation Beneficiary:
<br />WITNESSETH: That the Trustor does by these presents grant, bargain and sell, convey and confirm with Power of Sale unto the
<br />Truifte the foltolwittilt described Real 6tate including all buildin air rovements, and fixtures of every kind now or he erected or
<br />placed cent the real estate, situated in County, in the State of Nebraska;
<br />Lot B. Block 13, Bogg's and Hill's Addition to the City of Grand Island,
<br />Hall County, Nebraska.
<br />wW 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 />tick. 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 the State of Nebraska pertaining to the exemption of homestead. Arid the Trustor covenants with the Trustee
<br />fltBt 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 />C3 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 />S , plus finance and other charges. (or) 652676
<br />3 Note of even date herewith, in the principal sum of U.S. i . payable in monthly installments of principal
<br />and interest, with the balance of the indebtedness. if not sooner paid, due and payable on July 3, 1992 19 .
<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 />tastes 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 he required from time to time by beneficiary against loss by fire and other hazards, casualties
<br />anid 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 assigned and delivered to beneficiary: (3) 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, pay for such insurance or pay off 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 reconvey
<br />the property without warranty to the person or persons legally entitled thereto; but if default he made in the payment of said note or
<br />any pail thereof or any of the interest thereon when due or in the 2.ithful performance of any or either of said agreements as aforesaid,
<br />then the whole of said tote shall become due and be paid as hereinafter provided, and this deed shall remain in force; the Trustee or
<br />his attorney nmy proceed to sell the property in its entirety or in parcels at the option of the Trustee hereinbelbre described at public
<br />to the highest bidder, for cash. However, the power of sale herein conferred upon the Trustee shall not he exercised until (1)
<br />the T ll first file fix record, in the office of the register of deeds of each county wherein the trust property or some part or
<br />the is situated. a notice of default, identifying the Trustee by stating the names of the Trustor and names therein and giving
<br />thebooli, and pop where the same is recorded, a description of the trust property, and containing a statement that a breach of an obligation
<br />kir 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 caw to be sold such property to satisfy the obligation; and 12) after the lapse of not less than one month, the 'Trustee shall give
<br />nalke (of sak as provided by Nebraska law. After notice of default and lapse of not less than one month, the Trustee shall give written
<br />noticc of the time and ptisce oat sale particularly describing the property to be sold by publication of such notice, at least live tittles,
<br />owe a week for five consecutive weeks. the Iasi publication to he at least 10 days but not more than 10 days prior to the sale, in some
<br />newspsM timing a genetat circulation to each county ill which the property to be sold, our some part thereol, is situated. Upon such
<br />the TruvAt sftll execute and deliver a deed of conveyance of the'property sold to the purchaser or purchasers theter.f and ;my
<br />rit or recital of fact in such deed in relation to the exercise of the power (if sale and sale of the pmpert) described theivin, Including
<br />t+ its ca erring airy mailinx pemotmi delivery and publication of the notice of default. any mailing and the publication and poslinp
<br />of raatioecif pie, and the conduct of +sale; and such recital shall constitute prints, facie evidence of such compliance and conclnsoc o%flIcncc
<br />t a -' m faww 44 txna fide pumhasem and encurnbrancers for value and without notice. f'he. Itw tee's deed shall opertte to convey
<br />"I F010MY sit (AINJNAL
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