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DEED OF TRUST ..
<br />p p 10701-0
<br />v�
<br />(Short Form)
<br />"Dicky
<br />KNOW ALL MEN BY THESE PRESENTS: that Brent R. Lloyd and Lloyd, Husband
<br />and Wife hereinafter referred to as the "Trustor ", to
<br />secure a Note bearing even date herewith for the principal amount of Six thousand five
<br />hundred eighty four and 67/100---------------- - - - - -- Dollars ($ 6,584. ) paysble
<br />to the order of GRAND ISLAND INVESTMENT COMPANY, hereinafter referred to as the
<br />"Beneficiary ", providing for payment of the entire principal balance, together
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<br />with interest at the rate of Sixteen -- - - - - -- percent ( 16.0 %) per annum,
<br />in monthly installments of One hundred eighty six and 61 /Rfa- ------- - - - - --
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<br />-- -------- -- --- -- --- Dollars ($ 1C ) each until December 19_
<br />which time all principal and interest provided for by this Note shall have been paid,
<br />do hereby grant and convey until AREND R. BAACK, Attorney at Law, the "Trustee ",
<br />the following- described property:
<br />Lot 12 and the South � of Lot 13, Block 3 Pleasant Hill Addition
<br />to the City of Grand Island, Hall County, Nebraska.
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<br />TO HAVE AND TO HOLD the same, together with all appurtenances, in trust
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<br />nevertheless, and in case of default in the payment of said Note or any part
<br />thereof or interest thereon or in the performance of any covenant hereinafter
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<br />net forth, then the Trustee shall have the power to sell the above - described
<br />property, and upon request of the Beneficiary, the Trustee shall file for record
<br />in the Register of Deeds' Office of Hall County, Nebraska, a Notice of
<br />Default, setting forth that a breach of an obligation, for which the said property
<br />was conveyed as security, has occurred, and setting forth the nature of such
<br />breach and the Trustee's election to sell the property to satisfy the obligation;
<br />and after the lapse of not less than one (1) month, the Trustee shall give
<br />written notice of the time and place of sale which may be between 9:00 a.m. and
<br />5:00 p.m. at the premises, or at the Hall County Courthouse, and particularly
<br />describing the property to be sold; said Notice to be published in a newspaper of
<br />a general circulation in Hall County, Nebraska, once a week for five (5)
<br />consecutive weeks, the last publication to be at least ten (10) days but not
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<br />more than thirty (30) days prior to the sale; and the Trustee shall then sell said
<br />property at the time and place designated in the Notice, in the manner provided
<br />by law in effect at the time of filing said Notice, and public auction to the
<br />highest bidder for cash and shall deliver to such purchases a deed to the property
<br />sold, consistent with the law in effect at that time. Additionally, Trustee shall
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<br />mail Trustor a copy of any Notice of Default and Notice of sale hereunder
<br />upon default addressed to them at 111 W 16, Grand Island,NE 68801 . Out of the
<br />proceeds of said sale, the Trustee shall retain and pay first all fees, charges
<br />and costs of sale and all monies advanced in the exercise of the power of sale,
<br />including the payment of the Trustee's fees actually incurred, and pay second
<br />the obligations secured by this Deed of Trust; and the balance, if any, shall be
<br />paid to the person or persons legally entitled thereto. Any person, including the
<br />Beneficiary, may purchase said property at such sale.
<br />The trustor covenants that at the time of delivery of these presents,
<br />they are seized of said property in fee simple, and that said property is free
<br />of encumbrances, except encumbrances, easements, rights -of -way, restrictions and
<br />reservations of record, and they will properly maintain the property, keep all
<br />buildings insured for fire and extended coverage in an amount equal to the
<br />"unp`sid balance of the aforesaid Note, with loss payable to the Beneficiary, and
<br />will pay all taxes and assessments against said property and amounts due on prior
<br />encumbrances, and if they shall fail to pay insurance premiums or taxes on
<br />amounts due on prior encumbrances, the Beneficiary may pay the same and all
<br />amounts so paid shall become additional indebtedness due hereunder; and in case
<br />of foreclosure, Trustor will pay any reasonable attorney fees incurred by
<br />Beneficiary or Trustee in such foreclosure proceedings.
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