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TRUST DEED
<br />86-- 103023
<br />THIS DEED OF TRUST, made and entered into this 20th day of October 1986
<br />Douglas E Pribbeno 5 Tracy 3 Pribbeno Comapay
<br />byand between s Trustor, and First Amerman Ti tl a Znsi,r__iaGe Trustee.
<br />and not as tenants in common
<br />and Security va_sa,., Firu _ Gerp OE Z� —__ —� 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 estate, situated in Hall— County, in the State of Nebraska:
<br />Property known as:Lot 11 in WEst Lawn Addition to the city of Grand Island, Hall County, Nebraska.
<br />Filed for Record.._______._ —___ at _.M.
<br />in Book_ __ of
<br />Page
<br />and possession of said premises now delivered unto said 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 toreser. 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 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: WHEREAS, the Trustor did on this date execute a
<br />Promissory Note evidencing a loan for the principal amount of 5_St 7 S t 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, if not sooner paid, all sums due and owing under the terms of said Promissory Note shall be
<br />paid on or before 10 -24 -90
<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 from time to time by beneficiary against loss by fire
<br />and other hazards, casualties and contingencies, to such amount, 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 effec, 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 Deed 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 hens or claims or mdebtedness as the case may be, and the money so expended together, thereon
<br />as provided by the terms of the aforementioned Prom »son 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: ism specifically confer upon the Trustee 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 Trustee to reconvey the
<br />property and shall surrender this Tryst 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 tote or any part thereof or anv 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 es
<br />hereinafter provided, and this deed shall remain in force; the Trustee or his attorney mat 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 (1) the Trustee shall first
<br />file for record, 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 same 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 42) after
<br />the !apse of not leas than one month. the Trustee shall give notice of stile as provided by Nebraska law. After notice of
<br />default and lapse of not less than one month, the Trustee shall give wTitten 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 five
<br />consecutive weeks, the last publication to be at least 10 days but not more than :30 days prior to the .ale, ;n u.;ne
<br />newspaper having a general circulation in each county in which the property to tie sold, or .ome part t here•ttt. ;, sit bated
<br />Upon such :tale, the Trustee shall execute and deliver a deed of conveyance of the property told t,+ the purchaser or
<br />purchasers thtwoof and an statement or rivital of fact in such deed in relation to the exen•! of the;xr Nwvr „f male ;nd
<br />,Ai4e of the prF4xwty described tht !m. including recitals concerning anv nunitng. jwr.,,na; deh%en and peti,tti.at „•n .,f , h,
<br />notice of default. any mailing and the publication and pasting of notice of sale. one; .,111 ":, h t" ,tai
<br />shit!! eawistitute pr9nw facie Pvidc•nre of stx:h cxanapGantsr grid cUnclastve evuit na e t her,v,r , r. !,s „> , t ! •., =u, t:,1e faun ltas,r�
<br />9PeD�rab
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