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<br />TRUST DEED 86 -100186
<br />THIS DEED OF TRUST, made and entered into thisl0A;_b____day of -January.- _ , 198 A--- _
<br />by and betweertLester Robert Lentzand _ Trustor, andF_irst_ American Title Insurance �cjtn ,, g ,
<br />Fern Jeanette Lentz Husband and Wife
<br />and _ --- -- -. —_ -- --------------- .5_ecu.ritXflacifie._.Finartm. Corp ratiar>r- - - - - -- Beneficiary.
<br />WITNESSETH: That the Trustor do by these presents grant, bargain and sell, convey and confirm with Power of Sale
<br />unto the Trustee the following described Real Estate including all buildings, improvement,,, and fixtures of every kind now or
<br />hereafter erected or placed on the real estate, situated in
<br />Hall
<br />__- County, in the State of Nebraska:
<br />Property known as: Lot 8, Block 13, Boggs and Hill Addition to Thh City of Grand
<br />Island, Hail County, Nebraska
<br />Filed for Record_- ___- -___ —_ _. ____ at
<br />in Book_ -- of
<br />Page_
<br />and possession of said premises now delivered unto said Trusicc;
<br />- -.M.
<br />TO HAVE AND TO HOLD the same, with all rights, privileges, and appurtenances thereto belonging unto ihe'rrust.e,
<br />his executors, administrators, heirs, and assigns forever. And the Trustor hereby expressly waives, releases, and relinquishes
<br />unto the Trustee all right, title, claim, interest, benefit, and estate whatever, in and to the above - described premises and each
<br />and every part thereof, which is gi%en by or results from all laws of the Stare of Nebraska pertaining to the exemption of
<br />homestead. And the Trustor covenants with the Trustee that he will forever warrant and defend the title to the same against the
<br />lawful claims of all persons whomsoever.
<br />IN TRUST HOWEVER, for the following described purposes: V1'HEREAS, the Trustor did on this date execute a
<br />Promissory Note evidencing a loan for the principal amount of S 35830.25 _ —_____ and interest thereon
<br />according to the terms of said Promissory Note; said Promissory Note being payable in monthly installments at such place as
<br />the Beneficiary may designate in writing from time to time. Notwithstanding any provision contained herein or in said
<br />Promissory Note to the contras, if not sooner paid, all sums due and owing under the terms of said Promissory Note shall be
<br />paid on or before
<br />it is agreed by and between the parties hereto that until filing of Notice of Default, the Trustor shall; (1) pay all present
<br />and future taxes and assessments, general and special, against said property before the same becomes delinquent or actionable;
<br />(2) keep all improvements erected on the land insured as may be required front time to timeby beneficiary against loss by fire
<br />and other hazards, casualties and :onungcncies, in such amounts and for such periods as are reasonable and may be required
<br />by beneficiary, and to keep all policies of such insurance in force or effect upon the property herein described constantly
<br />assigned and delivered to beneficiary. (?) Pay and comply with all of the terms and Conditions of any lien, claim or
<br />indebtedness that may be senior to or take precedence m this -trust Deed as soon as any such payment on such lien, claim or
<br />indebtedness shall become due; and upon failure of 1 nrstor to keep any said agreements, beneficiary may pay such tax, pay for
<br />such insurance or pay off such liens or claims or indebtedness as the Case may be. and the money so expended together, thereon
<br />as provided by the terms of the aforementioned Promissory Note, shall be secured by this Trust Deed, and the Trustor agrees
<br />to repay the same uport demand, and upon failure to do so the balance of the attached note shall become immediately due and
<br />payable at the option of the beneficiary; (4) spceihcally confer upon the I rustee the power of sale as provided in Nebraska law;
<br />(5) retain possession 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 Truster.: to reconvey the
<br />property and shall surrender this Trust Deed and all notes evidencing indebtedness secured by this Tnist. Deed to the
<br />Trustor. Trustee shall reconvey the property without warranty to the person or persons legally entitled thereto but if
<br />default be [Wade in the payment of said now or any part thereof or any of the interest thereon when due or in the faithful
<br />performance of any or either of said agreements as aforesaid, then the whole of said note shall IKA-onte due and he paid as
<br />hereinafter provided, and this deed shall remain in force; the Trustee or his attorney may prxeed to still the property in
<br />its entirety or in parcels at the option of the Trustee hereinbefore described at public auction, to the highest bidder. for
<br />cash. However, the rower cif sale herein conferred upon the l'rustrx- shall not he exercised until Ill tho Trustee, shall first
<br />file for record, in the office of the register of deer s of each county wherein the trust prop erty or some part or barrel
<br />therein is situated, a notice of default.. identifying the Trustee. by stating the names of t by Trustor and names t heroin and
<br />giving the book and page where the same is recorded, a description of the trust propert v. and containing a �-tatenwnt
<br />that. a breach of an obligation for which the trust property was conveyed as sec•uriI % has occurred. and ;cI t intt forth the
<br />nature of such breach and of his election to sell or cause to ite sold such propvrty tt, atisfy till- ('bligation: and ') alter
<br />the lapse of not less than one month, the Trustlsr shall give notice of .ale as pro% Acd by Nchraska Jim Afton notic,• .,t
<br />default and lapse of riot less than eme month, the Tru, :tee shall [ire writ ton notiro of the t:n;o and 111"wo If -ale
<br />particularly describing the properly to fH• sold by prtblication of surh notiro, at le<asl ur,• I lino > :. •nun ;i stook for ii%o
<br />con.re -utive weeks:. the last publication to )x• at )oast Ill days l.ut nol more than, :m ,la±, prim ?o tiw • -air. ut .nr,u
<br />neswtim1 tnr having, a general circulation in each coonf % if-, wltu 11 till' ptrolwrt� t„ i,o sold,. ? part ? 1 � +:f. ;• Ii, ;.It,�i
<br />1lgm �,trh ale, the Tnislo'e, fiafl exea-uu attd deli%cr a rfa "A .,I •-unvcjamv it Ih, pn,jwrtN ..,id l., :Ito pun, 1 ,. t0?
<br />porrha .•rs theri -i amf mi :.rutj•nwfit (it nwital tit tact m >uch df,,,d III r,•lota,,n t.. Ih. x,�t, ! "r . I tlu 1,.,,,a'; ,.t •_i :1,i
<br />,;Ol,• a,f I hr pifr,pit'r•, .i, - 100d therein, including; r,v ital'• r1w, ; rvrtt, anti IMdlhlit', ii w,11,11 ,i, l.. .nd pl:: ,h, ,. i. h,
<br />wilIei of drfnttit, sus relit ➢ling[ ara@ thi• puafrhrati(m'md pn_r.nyr, "t 1;`1; ,-f
<br />-A... 14 t,- r, .,;. f,..-a.� 4" I,f!•n, C It .0 •h t-un,phau. I rna1 11'- . , ;'.. -n ,,..., •.
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