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NOTICE OF DEFAULT
<br />TO WHOM IT MAY CONCERN:
<br />WHEREAS, Edison C. Satterly, Jr. and Dinah Satterly, As
<br />Trustors, on October 25, 1982, made, executed, and delivered to
<br />Stewart Title Guaranty Company, as Trustee, a Deed of Trust
<br />covering the following described property, to wit:
<br />Lot Seven (7), in Fractional Block Six (6),
<br />in Wallich's Addition to the City of Grand
<br />Island, Hall County, Nebraska.
<br />WHEREAS, said Deed of Trust was given as security for
<br />the payment of a certain note on the same date by Edison C.
<br />Satterly, Jr, and Dinah Satterly, to Superior Mortgage, Inc., the
<br />Beneficiary of said Deed of Trust, which Deed of Trust was
<br />recorded on October 26, 1982, as Document No. 82- 004629 of the
<br />Mortgage Records; and
<br />WHEREAS, the said Superior Mortgage, Inc. duly executed
<br />a written Assignment of the Deed of Trust to Banco Mortgage
<br />Company on November 4, 1982, and thereupon delivered the Deed of
<br />Trust and said written Assignment thereof to Banco Mortgage
<br />Company in the regular course of business and for a valuable
<br />consideration, which Assignment of Deed of Trust was recorded in
<br />the office of the Register of Deeds for Hall County, Nebraska, on
<br />November 12, 1982, as Document No. 82- 004834 of the Mortgage
<br />Records; and
<br />WHEREAS, the said Banco Mortgage Company duly executed
<br />a written Assignment of the Deed of Trust to The Lomas & Nettleton
<br />Company on February 28, 1985, and thereupon delivered the Deed of
<br />Trust and said written Assignment thereof to The Lomas & Nettleton
<br />Company in the regular course of business and for valuable
<br />consideration, which Assignment of Deed of Trust was recorded in
<br />the office of the Register of Deeds for Hall County, Nebraska, on
<br />October 21, 1985, as Document No. 85- 005230 of the Mortgage
<br />Records; and
<br />WHEREAS, the said Lomas & Nettleton Company duly
<br />executed a Substitution of Trustee on July 1, 1987, removing
<br />Stewart Title Guaranty Company as original Trustee and appointing
<br />Michael F. Coyle as successor Trustee, which Substitution of
<br />Trustee was recorded in the office of the Register of Deeds for
<br />Hall County, Nebraska, on September 23, 1987, as Instrument No.
<br />87- 105650 of the Miscellaneous Records; and
<br />WHEREAS, a breach of the obligation for which the trust
<br />property was conveyed as security has occurred, to wit: Edison
<br />C. Satterly, Jr. and Dinah Satterly, have wholly failed, neglected,
<br />and refused to pay the principal and interest due for the months
<br />of June 1986 through September 1987, inclusive, on said note, to
<br />the Beneficiary;
<br />THEREFORE, notice is hereby given that the undersigned
<br />Trustee at the request of the Beneficiary, and in consequence of
<br />said default, has elected to sell, or cause to a sold, the
<br />above - described real e9ltate to satisfy id oblige n.
<br />DATED this dCW day of Octcjb?r j 1987.
<br />Micnaei F. coyie, rustee
<br />of: FRASER, STRYKER, V ACH, VAUGHN,
<br />MEUSEY, OLSON, BO R & BLOCH, P.C.
<br />500 Electric Buil ng
<br />Omaha, NE 68102
<br />(402) 341 -6000
<br />STATE OF NEBRASKA
<br />) SS..
<br />COUNTY OF DOUGLAS )
<br />Before me, a Notary Public in and for said County,
<br />personally came Michael F. Coyle, Trustee, known to me to be the
<br />identical person who signed the foregoing instrument and acknowl-
<br />edged the execution thereof to be her voluntary act and deed.
<br />Witness my hand and notarial seal this _1,,_,_ day of
<br />October, 198
<br />�q�
<br />I.M1®A.P. T4ATIN c
<br />11, Notary Public __.- ..._._.__.
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