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TRUST DEED THIS DEED OF TRUST, made and entered into this 2nd day of per . 191 by and betweenTiilNt Farmrell and Sandra S. penwgkMstor, and Firs mar enn Tit't g losttranna Cp ,Trustee, Husband and Wife as Joint Tenants and SeCurity RaeifIc Fi an a Corporation , 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 plamd on the teal estate, situated in Hall Cou to tin Sta oC eb s ►e OIrthettst � of Lot 14 and Lot 15,Except the Northeast 20 feet �iar otf, n B�oc� `Second Additiotu Ho Drab s A ghwa Aomes Subdivision to the City of Gr�nd Is and,f County ebi1rrasG,more partieu .t.. . :..r41KMA AA nllews:CotmmencinQ at the Southwesterly_corner of_said Lot.. ,thencesNortheasterly a1 the Mortherly ri at —or —wa or anaocce OC=CCL LVL Y�•.ry c�c. .. ,. -- - - - ®-- - - - ®. Nortnwesterly and parallel to t e Wes erl ropert line of a id �,o 4 for 11 .1 feet to a point on the North 1 r e t line of said Lot IMhence Tortheasterlly along the Northerly propperty line of said Lot It Jot 31!f feet to the Northeasterl corner of said Lot 15 for 22.1 feet to ttte Northwest refycorner of said Lot 15,thence Northeasterly along the Northerly prop,rty line of said lot 15 for ..W fget to a oint 20 feet westerly from the NortTieaster corner f said Lot 15,thence southeast - erly and parallel to the Rasterlq pro erty line of said Lot �5 for 13 .2 feet to a point on the Northerly right -of —way of Wyandotte S reet,thence Southwesterly along the Northerly righrof —way of Wyandotte Street 105.3 feet to the point of beginning. and possession of said premises is now delivered unto said Trustee; TO HAVE AND TO HOLD the same, with all rights, privileges, 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 from time to time thereunder) and any extensions, renewals, modifications or refinancings thereof, which Revolving Loan Agreement obligates Beneficiary, subject to the conditions stated therein, to advance to Trustor up to S , plus finance and other charges. (or) © Note of even date herewith, in the principal sum of U.S. $6719..71; payable in monthly installments of principal and interest, with the balance of the indebtedness, if not sooner paid, due and payable on Septem►+er Rth . 1992_. It is agreed by and between parties hereto that until filing of Notice of Default, the Trustor shall: (1) pay all present and future taxes and assessments, general and special, against said property before the same becomes delinquent or actionable; (2) keep all improve- ments erected on the land insured as may be required from time to time by beneficiary against loss by fire and other hazards, 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; (3) pay 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 to keep AM any said agreements, beneficiary may pay such tax, pay for such insurance or pay off such liens or claims or indebtedness as the case 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 the same upon demand, and upon failure to do so the balance of the attached note shall become immediately due and payable at the option of the beneficiary; (4) specifically confer upon the Trustee the power of sale as provided in Nebraska law; (5) retain possession of the premises and collect the rents and revenues therefrom. Upon payment of all the sums secured by this Trust Deed, the Beneficiary shall request the Trustee to reconvey the property and shall surrender this Trust Deed and all notes evidencing indebtedness secured by this Trust Deed to the Trustor. Trustee shall reconvey the property without warranty to the person or persons legally entitled thereto; but if default be made in the payment of said note or 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, then the whole of said note shall become due and he paid as hereinafter provided, 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 hereinbefore described at public auction, to the highest bidder, for cash. However, the power of sale herein conferred upon the Trustee shall not be exercised until (1) 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 parcel thereof is situated, a notice of default, identifying the Trustee by stating the names of the Trustor and names therein and giving 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 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 property to satisfy the obligation; and (2) after the lapse of 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 one month, the Trustee shall give written notice of the time and place of sale particularly describing the property to be sold by publication of such notice, at least rive times, once a week for five consecutive weeks, the last publication to be at least 10 days but not more than 30 days prior to the sale, in some L newspaper having a general circulation in each county in which the property to be sold, or some part thereof, is situated. Upon such sale, the Trustee shall execute and deliver a deed of conveyance of the property sold to the purchaser or purchasers thereof and any statement or recital of fact in such deed in relation to the exercise of the power of sale and sale of the property described therein. including recitals concerning any mailing, personal delivery and publication of the notice of default, any mailing and the publication and posting of notice of sale, and the conduct of sale; and such recital shall constitute prima facie evidence of such compliance and conclusive . videnee thereof in favor of bona fide purchasers and encumbrancers for value and without notice. The Trustee's deed shall operate to convey 29170.0287 NE 0MINA1_ _.._.