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TRUST DEED 85-iiii� 004681
<br />THIS DEED OF TRUST, made and entered into this 24th _ day of .. September_ , 19_ -U_
<br />lbnald L. Schachta and Victori Schacht
<br />by and between Aus"im -and WTT'6 ,.. . t rustor, anrffirst atticx-i --Qan Title Insuratnce , Trustee,
<br />Company
<br />and Security Pacific F Carparatioa 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 -__.__ ':all__.__- .._______.__ County, in the State of Nebraska:
<br />Lot 2, Block 13 in Bonnie Brae Addition to the City of Grand
<br />Property known as: Island, Hall County, Nebraska.
<br />s, 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, priviieges, and appurtenances thereto belonging unto the Trustee,
<br />his executors, administrators, heirs, and assigns forever. And the Trustor hcrebv 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'frusicc 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: WHI-REAS, the Trustor did on this date execute a
<br />Promissory Note evidencing a loan for the principal amount of 54»5. -f Y, and interest thereon
<br />- -
<br />according to the terms of said Promissoty 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 pro%ision contained herein or in said
<br />Promissory Note to the contrary, it not sooner paid, all sunns due and owing under the teens of said Promissory Note shall be
<br />paid on or before .- __ -- -- 9/ _10/90
<br />G is agreed by and brtwren the parties hereto that until tiling tit Noticc of Derauit, the T rar,tor 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 erecfed on the land insured as may be required from time to time b% beneficiary against loss by fire
<br />and other hazards, casualties and sontingencies, in such aniounis arid for such periods as are reasonable and may be required
<br />by beneficiary, and to keep all policies rot +uch insurance in force or elfro upon the property herein described constantly
<br />assigned and delivered to brnehoarc. 0) pay and comply with all of the terms and conditions of any lien, claim or
<br />indebtedness that mar be senior to or raise precedence to this Trust Deed as soon as an% +uch payment on such lien, claim or
<br />indebtedness shall become due; and upon lailure of -1'rustot to keep any +aid agreements, heneficiary may pay such tax, pay for
<br />such insurance of 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 Prottnssory 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 bertncciarv: f,4) sprciticalty confer upon the 77ustee 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 suns secured by this Trust Deed, the Beneficiary shall request. the Trustee to reconvey the
<br />property and shall surrender this Trust Deed and all notes evidencing indebtedness secured by this Trust. Deed to the
<br />Trust". 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 />parformance of any or either of said agreements as aforesaid, then the whole of said now shall become due and be paid as
<br />hereinafter provided, and this deed shall remin in fierce; the Trustee or his attorney may pr( weed to still the property in
<br />its entirety or in parcels at the option of the Trustee here.inbefore descritxd at public auction, u, the highest bidder, for
<br />cadent. However. the power of :sale herein conferred upon the Trustee shall not be exercised until (1) the Trustaoe shall first
<br />file for rerrxd, in the office of the register of deeds of each county wherein the trust property or sonx• part or parcel
<br />therein is situated. a notice of default, identifying the Trustee by stating the ranter of the Trustor and tames thherein and
<br />giving the kroolt and page whore the same is recorded, a description of the trust propert v. and containing; a statement
<br />that a breach of an obligation for which the trust property was conveyed as security has exxurred, and setting forth the
<br />nature of such breach and of his election to sell or cause to b+ sold such property to satisfy the ohlivatiom and !: 1 after
<br />the lapse of not less, than one month, the Trustee shall give notice of sale as provide ii by Nebraska ha" After- not ice if
<br />default and lapse of not less than ore month. the Trustee shall give written notice net the time and place of .sale
<br />particularly describing the prepierty to be s<.ald by publication of such notice, at least five times, (mce a week for five
<br />tit iiiii:utive wefts, the last publication faa be at least 10 days but not more^ than 30 daEH prior to the sale, in ~Kane
<br />rwwerpuper having a growral circulation in each country in which the property ur !k wild. err roartt• part tflerr•of, t� •wisuate f.
<br />1_'Pon quch %w)e, tfw'I'ruste*? :xhall exec•utae and deliver a edexoi of conveyance Of rfn' fsrol>JiA -.,,hl err the luurh,av•r or
<br />PUM171811 xn+ tfserrea4 and aay Itateer»ent or rex:itaal of fact in .uch deed it) relation its th» ever+ I- of the power ref sine and
<br />leisft heIrrt4+ertyd!"rrtt1idthaerrsin. lieu, ludi rig rcilAa concerning ant, rnaihnr ;.I »tsanallteii+rr•. zoldpubha;ut,m,rfthe
<br />taar.x'a of default, MW rraillFig .Ar(l tfw- ;lrobbi- litita) and hosting of note<a, <,t '41s4, ^n <f the , ,Julio I + :ri,..irsii >u, h ar4 iiai
<br />#ikt11 e'cuaniltsttr pr.ta:a farsw rre,icharwv of wucli reynaphance asxl aoncln a . v".iafent,• tha•t,vil ,a, is ;ti „i ,,f holes i:,i, 1rur: kiir�.
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