|
<br />
<br />
<br />
<br />
<br />
<br /> [rTRUST DEED
<br /> 'i. ,rAC. t'1"tyr t~.t'}r:••ts ~ v• e.r.'- .ti'..,r • 86 -,1-100287
<br /> -THIS OBEY OF TRUST. made and etnteted into this ~ • day/of'! , 19 66
<br /> . _ r l l1 , -`1 A s . Y.7 L.w.Y I%= Rti::. Hrl .:rte y. '
<br /> yand V bciwern Yr+ytttUT lll~',r CIM 140" Md J+~i mstor,;and>frl Mt Tins
<br /> b AMMMA Trustee,
<br /> F; .
<br /> ~e:
<br /> Lee=
<br /> and PACUIa !3f>etetanota ratim t Beneficiary.
<br /> j
<br /> WITNES.SETW That the Trustor do by these .pi-mrits grant, bargain and sell, convey and confirm with Power of Sale
<br /> unto the Trustee the following described. Real Estate including all buildings, improvements, and fixtures of every kind now or
<br /> hereafter erected or placed on the real estate, situated in County, in the State of Nebraska:
<br /> Property known as: S. IM= 13~ 'rte AM 11M, A=== TO, TIM CM OF CRAM MM,
<br /> TALL NORAM ,
<br /> .tif.
<br /> Filed for Record at
<br /> in Book..-_ _ of . .
<br />
<br /> and possession of said premises now delivered unt.~ said Trustee:
<br /> TO HA'V'E. AND TO HOLD the same, with all rights, privilcgcs, and appurrenanecs thereto belonging unto the Trustee.
<br /> his exv.utors, administrators, heirs, and assigns forever. And the 'rrustor hereby exptessly waives, releases. and relinquishes
<br /> unto the T rustce all right, title, claim, interest, benefit, and estate whatever, in and to the above-described premises and each 1
<br /> and every hart thereof, which is given by or results from all laws of the State of Nebrasklt pertaining <o the exemption of
<br /> homestead. And the Trustor covenants with the Trustee that he will forever warrant and defend the title to 'he same against the
<br /> lwf ul claims of all persons whomsoever.
<br /> IN TRUST HOWEVER, for the following described purposes; WHEREAS, the Trustor did on this,date execute a
<br /> .Promissory Note c%idcncing a loan for the principal amount of S__--M,9 a,42_____,-. and interest thereon
<br /> according to the towns 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 Notc to the contrary, if not sooner paid, all sums due and owing under the terms of said Promissory Note shall be
<br /> paid on or before JA-MM 3► 224 M6
<br />
<br /> 1
<br /> It is agreed by and Uetwecn the parties hcret-) 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 b;-comes delinquent or actionable.:
<br /> (z) t.ccp all improvcments erected on the land insured, as may be required from time to time by beneficiary against loss by fl:c
<br /> 1 and other hazards, casuj!iies and contingencies, in such amunnts and for such peri-)ds w, ;.re reasonable arid may be required
<br /> by beneficiary, and to k::cp all policies of such insurance in force or effect upon the pr;)Ferty herein described cor•s:'intly
<br /> assigned arn1 delivered t•, beneficiary, (3) pay and r-omply %.ith al; of the terns aari conditions of any lien, :7a•~, or
<br /> indcbf,t•dnes~ that r,trwy be senior to or take prc.i:dence, to this t rust Deed as soon as ai,y :-rich payrr• mt on suc lir,,.. t sine or
<br /> indcbu.dnezs shall b.cconic due; arid upon failure of •rrustor to k;ep any said agrcemen's, braef;eiary ~oay pay such tax, pay for
<br /> such insurance p! ;:;ay oir _,uc,i ii^ns .-,r claims -r indchicdri,-ss as the case may be, and the money so expr•n0ed.to nether, 01ercon
<br /> as provided by thr , ci'm i or tm; afortment;•(;ned Promissory ?ls:etc, shall be secured by this Trust Deed, and t`., Trustor agrees
<br /> to repay the same up un ,c!emard, and upon failure to do so the hal,vice of the attached note shall become immediarcly due and
<br /> Payable at the option of the hrmeficiary; (4) specifically confer upon the Truster the powr.+ of talc as provided in thcbraske law;
<br /> (5) retain possession of the ptrnrises and colt-ci the rents and revenues therefrom.
<br /> Upon, payment. of all the sums sec.vred by thi,'()rust Dead, the Beneficiary shall request the Trustee tie. reconvev the
<br /> property and shat! surrender this Trust Deed and ell notes !,,idzncing indebilAne" secured by this Tru it Dc"d to the
<br /> 'IYtlst,or. Trustee, shall reconvey the property without wr:rrav y to the persan or persons legally entid'edirhereto: but if
<br /> defxu:t be made in thi payment of said note or any part them-of or any of the interest thereon when due or in the faithful
<br /> perf an=t nc.e of any c.• either of said aEr*eements as aforesaid, then th'e whole) of'said note shall beconie date:und'be Nid as
<br /> tier einafter• pr'ovidecl, and this deed shall,rernain in force; the trustee or his attorney may proceed to sell the property in
<br /> its enr.ir'ety or in parcelo at the option of the Trustee hereinbofore described at public auction, to the high'^at bidden, for
<br /> cash. I;crwe}ver, the power of sa)e herein conferred upon the Trustee stilt), not be exercised until (1) the Trustee shall first
<br /> file V-r r.curd, in die office of the register of deods of each county wherein the trust property o: some part or parcel
<br /> r fyrthcrein i:+ siturttt4.i,:3 notice of default, identifying the.Trustee by ntating the rumors of the Tnistor and names therein and
<br /> Ckr giving isle b uC, and page where the same is recorded, a dereription of the trust property, and ccr•iulining a statement
<br /> that a breach o'. pin obligation.for which the tryst property was vonveyetl as security has occurred, and setting forth the
<br /> nature of such breach and of his elt-:U-n to hell or cause to r:e sr-(d iu;ch property to satisfy the obligation; and 12) after
<br /> the, lapse of not less than one month, the Trustee shall give notice of sale as provided by Nebraska law. After notice of
<br /> default and lapse of not less than one month, the Trusters shall give %Titten notice of the th to and place of sale
<br /> pahicularly describing the property to be sold by publication of such notice, at least five times, once a week for five
<br /> conseCudve wecks, the last publication to be at least 10 days but not more than 30 days prior to the sale, in soma
<br /> newspaper paving a general circulation in each county in which the property to be sold, or some part theref, is situated.
<br /> Upon such sale, the Trustee shall execute and deliver a decd of conveyance of the property sold to the purchmwr or
<br /> ptrrr-h.Yrers thereof and any statement or recital of fact in such deed in relation to the exercine of the power of sale and
<br /> sale of the p!•operty descrribect therein, including m-6tels concerning any mailing, personal delivery and publication of the
<br /> notice of default, any mailing aml the publication and posting of notice of sale, and the e. -nduct of sal-: and such recited
<br /> r shall constitute prima facir- evidence of such con,p4w-ce and conclusive evidence thereof in favor of bona fide purchasers
<br /> k t►rmorts .
<br />
|