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TRUST DEED 7_. 106750
<br />THIS DEED OF TRUST, made and entered into this 18th clay of Nrmpmhor , 19 RZ_
<br />by and between Anton Polacek and Brenda Sue Pnlacelifrustor, and First Ampriran Ti tl p Tna„r —ce ro _ , Trustee,
<br />Husband and Wife as Joint Tenants and Not as Tenants in Common.
<br />and Sprurity Parifir Financial Sprvir a . 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 Hall County, in the State of Nebraska:
<br />Lot 20, Western Heights 3rd Addition, Hall County, 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 the 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 />® Note of even date herewith, in the principal sum of U.S. S 5555.81 payable in monthly installments of principal
<br />and interest, with the balance of the indebtedness, if not sooner paid. due and payable on November 23, .19 92
<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 he 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"i. per annum, shall be secured by this Taut 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: ( 9) 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 Tnutor. 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 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 he paid as hereinafter provided. and this deed shall remain in force: the Trustee or
<br />his attorney may proceed to sell the property in its entirety or in parcels at the option of the Trustee herembefore described at public
<br />auction. to the highest bidder, for cash. However. the poiser of sale herein conferred upon the Trustee shall not he exercised until (1 )
<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 />parcel thereof is situated, a notice of default, identifying the Trustee by stating the names of the Trustor and names therein and giving
<br />the look and page where the same is recorded. a description of the trust property, and containing a statement that it 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 riot less than one month. the Trustee shall give
<br />notice of sate as provided by Nebraska law. After notice of default and lapse of not less than one month. the hrustee shall give written
<br />` notice of the time and place of sale particularly describing the property to be sold b} publication of such notice. at least five times.
<br />once a week for five consecutive weeks, foe last publication to he at least 10 dais but not more than ?t) d:ns prior to the sale. in some
<br />newspaper having it general circulation in each county in which the riropert} to be sold, or Borne part thereof. is situated I pon such
<br />sale, the Trustee shall execute and deliver a deed of con%eyance of the propert> �o!d tr the purchaser or purchasers thereof and am
<br />statement or recital of fact in such deed in relation to the exercise of the power A sale and sXe of the property described therein. including
<br />recitals concerning any mailing, personal delivery and publication A the ranee ". detaull, an) marling and the publication and r—tin ,v
<br />of nonce of s alc. and the conduct of sale: and such recital shall consillule pima facie ci idenec of Such Compliance and conclusrhe e� Nett'.
<br />thereof to favor of bona title purchasen, and encumbrartcers for %aluc and wnhou; norice The Tru.tec,'iced .11.111 ope!aw 10 r,nr,
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