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TRUST DEED 86--101728
<br />THIS DEED OF TRUST. made and entered into this Tth.____dav of
<br />by and between _ Michael S Graff and Alice M Gra�ustor, and First American Title InsWrgce, Trustee,
<br />Husband and Wife as Joint Tenants Company
<br />and .__.__Security Pacific irinanee Corp Beneficiary.
<br />WITNESSE TH: 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, improvements, and fixtures of every kind now or,
<br />hereafter erected or placed on the real estate, situated in Hai _l . _ .__ _. _. ('aunty, in the State of Nebraska:
<br />Property known as:
<br />Lot 86 and the South 10 feet of Lot 87, in Hawthorne Place, City
<br />ofGrand Island , Hall County, Nebraska
<br />Filed for Record-------- ---- - -____- a[ -- __.Iii.
<br />in Book - -_ of —
<br />Page__
<br />and possession of said premises now delivered unit said Tru,tce;
<br />TO HAVE AND TO HOLD the same, with all rights, privileges, and appurtenances thereto belonging unto the Trustee,
<br />his executors, administrators, heirs, and assigns forever. And the Trustor hereb% 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 gisen by or results from all laws of the State 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: VV'HEREAS, the Trustor did on this date execute a
<br />Promissory Note evidencing a loan for :he principal amount of 5_- ___(16b9_9& -_— —_ 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 contrary, it not sooner paid, ail suns duc and owing under the terms of said Promissory Note shall be
<br />paid on or before April _1_1,_1990.
<br />It is agreed by and between the parties hereto that until filing of Nonce 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 inured as may be required from time to time by beneficiary against loss by fire
<br />and other hazards, casualties and contingencies, 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 eftect upon the property herein described constantly
<br />assigned and delivered to beneficiary, (3) 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 to this Trust Decd as soon as any such payment on such lien, claim or
<br />indebtedness shall become due; and upon failure of Trustor 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 upon 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) spectf ically canter upon the Trustee the power of sale as procrded in Nebraska law;
<br />(5) retain possession of the premi,e, and collect the rents and revenues therefrom.
<br />Upon payment of all the sums secured by this Trust. Deed, the Beneficiarn shall request. the Trustee to recornev the
<br />property and shall surrender this Trust Deed and alt notes evidencing indebtedness secured by this Trust. Deed to the
<br />Trustor. Trustee shall reconvey the property without warranty to the person or persons legalh entitled thereto; hut. if
<br />default be made in the payment of said note 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, them the whole of said note shall become due and 'D paid as
<br />hereinafter provided, and this deed shall remain in force; the Trustee or his attorrre v may, proceed to sell the property in
<br />its entirety or in parcels at the option of the Trustee hereiribefore described at public auction, to the highest bidder, for _
<br />cash. However, the power of safe herein conferred upon the Trustee shall not be exercised until 111 the Truster shall first
<br />file for record, in the office of the register of deeds cif each county wherein the trust. property or some part or parcel
<br />therein Ls situated. a notice of default, identifying the Trustee by stating the names of the Trustor and names therein and
<br />giving the hook and page where the same is recorded, a description of the trust property, and containing it statemmnt
<br />that breach of an obfigation for which the trust property was c•onveved as se curit%- has occurred, and setting forth the
<br />nature of such breach and of his election to sell or cause to be sold such property to satisft the obligation: anti (2) after
<br />Lim (apse of not less than one month, the Trustee shall give notice of ate as pi,ivided by Nebraska taw. After notice of
<br />default and lapse of not less than one month, the 'Trustee shah tin • •.sntten notte(, ui the tide, and place of sale
<br />particularly describing the propert y to he sold by publication of such notice, at lest =t five titers, tire., it :vo'k for tier
<br />rxmserutive weeks• the last publication to he at least 10 days but nut morn than 30 ;car, 1?ra,r to the 'alt. +t: ,,,•err to
<br />rtewspaper having a witera:l circulation to each count s in which the prorwriv to tw, r >id, ,:r s+ +rrn p ,rt t fv•rrnt. +, at a :rt,�i
<br />Upon such sale, the Trustee shall exevote and deliser it (6441 .,t -,"I WI rhi,
<br />Itntn:ita�ers 0* --ry t anti ary vtatenscrnt or rtwaiti of fact. jr, ,acb vie,nl ;u :.•car f.. s,•�r +.. , . tlr• i�„se•r +,t [,.n;
<br />�erle t,f thr properi -p %iexcritx%i therein. Including lvcitalt r,ot ;crznu ;s: tor.
<br />tx,t
<br />4, 44 tiOattit. .0 .,st,aHy! Atnd the pui.,l,cret ton :trod lrr t -tif r_ ne,t .'v ar <i u, !.
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