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TRUST DEED 86- 105814
<br />THIS DEEDOF TRUST, made and entered into this__UtlLdav of --- 0yrnbe = 19 R6_
<br />Howard R. Jensen and Richard
<br />H. Jensen First American Title Insurance, by and between ,Trustor, and ,Trustee,
<br />as Joint Tenants
<br />and Security Pacific Finance Corp, of Iowa 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, improvements., and fixtures of every kind now or
<br />hereafter erected or placed on the real esrate, situated in _ Na ll _ County, y, in the State of Nebraska:
<br />Property known as: Lots 4 - 10, Block 1, Robinson Addition to The Village of Cairo,
<br />Hall County, Nebraska.
<br />Filed for Record
<br />in Book____ of
<br />Page
<br />and possession of said premises now delivered unto %aid Trustee:
<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 Tru >tor itereby expressly waives, releases, and relinquishes
<br />unto the Trustee all right, title, claim, interest, benefit, and estate whatever, to and to the aboie- described premises and each
<br />and every part thereof, which is given 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: ' HI-REAS, the Trustor did on this date execute a
<br />Promissory Note evidencing a loan for the principal amount of Sg6=__- ____ -_--------and and interest thereon
<br />'
<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, if not sooner paid, all sums due and owing under : hr terms of said Promissory Note shall be
<br />=;4
<br />paid on or before — 10- 20 -89___
<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 he 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 effect upon the property herein described constantly
<br />assigned and delivered to beneficiary, (3) pay and comph with ail of the terms and conditions of any lien, claim or
<br />indebtedness that may be senior to or take precedence to this Trust Deed as soon as anv 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 payoff such liens or claims or mdebieine,s as the case may be, and the money so expended together, thereon
<br />as provided by the terms of the aforementioned Promissory 'vote, 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 />payableat the option of the beneficiary: (4) spectlically confer upon the Trustee the power of sale as provided to Nebraska law;
<br />(S) 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 Trustee to rrconvey the
<br />property and shall surrender this Trust Deed and all notes evidencing indebtedness secured by this Trust 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 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, then the whole of said note shall become due and be paid as
<br />hereinafter provided, and this deed shall remain m force; the Trustee or his attorney may proceed to sell 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 power of sale herein conferred upon the Trustee shall not be exercised until (i i the TrusLee shall first
<br />file for rcenacd, in the office of the register of deeds of each county wherein the trust property or some part or parcel
<br />therein is situated, a notice of default, identifying the Trustee by stating the names of the Trustor and names therein and
<br />giving the book and page where the some is recorded. a description of the trust property. and containing a statement.
<br />that a breach of an obligation for which the trust property was conveyed as security 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 satisfy the obligation; and (21 afwr
<br />the it pse of not less than one month, the Trustee shall give notice of sale as provided by Nebraska law. After notary' of J
<br />default, and lapse of not less than one month, the Trustee shall give written notice of the time and place of .sale
<br />particularly describing the property to be sold by publication of such notice, at least five times, once a week for lti,v
<br />conrtf eutive weeks, the Ian publication to be at least 10 days but runt afore than 30 da} s prior it) the s de, in soine
<br />newspaper having a genera) circulation in each county m which the property to to- void. or somt- part i hereof,s a.itutjte�i
<br />Upon such sale. the Trustee shall execute and deliver a deed of convevunce a,f the prupc -rtz vild ce, t)ie purrlt.e.e•t gar
<br />purchases thereof and anv siwtenwrit or rerital of fret in such derd in relation ti the. .•xen;.r ,a 0w 1„ ,•., ; „i 31. ertrl
<br />sak (A thr property described t.hemsin, inccludmg rcicitals conex•rrung tent' rtiailing,. twrw;ral dr la•, , -ry and put,3 .t a, •; ,.; , :,•
<br />notee[ of defauh. art'v- mailing and tht puhtlwatiori and p(wting fif rte3ticY of Vr ir°. And tht condirr i ')i 'ib'.:"tli '-e„ :a n•. �'.ai
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