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<br />TRUST DEED 8+004810
<br />17th Se tember 19.8? _
<br />THIS DEED OF TRUST, made and entered into this_Z�TH_-._ _day of __.P___.___ ____._- ___ -- ,
<br />Company
<br />by and between Daniel L Welch and Ann C_Welch Trustor, and First__A�ni c�rt_t -lei s ngc Trustee,
<br />Husband and Wife
<br />and _— _ _^ T ___ ____ _ Securtty_ Pacific FinanceCorpgratigq___ _ 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, situai tcl in ___.. _ _Hall__- ____ ------ ___ County, in the State of Nebraska:
<br />Property known as: Lot 8, Block 126, Union Pacific Railway Company -s 2nd
<br />Addition to the City of Grand Island, Hall County,
<br />Nebraska.
<br />Filed for Record.._ _____ __ ___ at _.M.
<br />in Book_ - -_-._-_..-_.___ of
<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 assign, torecer..Arid the Trustor hcrehc cypressty w "ancs, releases, and relinquishes
<br />unto the Trustee all right, title, claim, interest, benefit, and estate whatcse•r, in and to the abose- described premises and each
<br />and every part thereof, which is given by or results from all law, of the State of Nebraska pertaining to the exemption of
<br />homestead. And the Trustor covenants with the Trustee that he will fnret cl warrant and defend the title to the same against the
<br />lawful claims of all persons whomsoever.
<br />IN TRUST 1f10%EVER. tot the following described purpose,. N%fil REAS, the Trustor did on this date execute a
<br />Promissory Note evidencing a loan for the principal amount of S __ _ 5120,79- ___ _.__ and interest thereon
<br />"
<br />according to the terms of said Promissory :rote: said Protnissor% Note being payable u1 mo�thiy installments at such place as
<br />the Beneficiary may designate in writing front time to tittle. Notwithstanding any provi,ion contained herein or in said
<br />Promissory Note to the contrary, it not sooner paid, all stem!. due and owing under the ten", of said Promissory Note shall be
<br />paid on or before -- - -Sidi �..0. ctober_2., 1949_
<br />It is agreed by and between the parties hereto that l+ntil Idling of Notice of Dctauli, the i rustler shall: (1) pay all Present
<br />and future taxes and assessments, general and special, against ,,led pcoperty" before the same becomes delinquent or actionable;
<br />(2) keep all improvements erected on the land insured as may he icquued from tittle to time by bencliclary against loss by fire
<br />and other hatards, casualties and contingencies, in such anlomlt, And lot such petlods as are reasonable and may he required
<br />by benchoary. and to keep all policies of such insurance in loice or afoot upon file property herein described constantly
<br />assigned and delivered to beneficiary, 13) pay and col"Ply 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 hen, claim or
<br />indebtedness shall become due; and upon failure tit Tt uslor to keep any ,:rid agreements, beneficiary may pay such tax, pay for
<br />such insurance or Pay off such liens or claims of indebtednc„ d, the case stay be, and the money so expended together, thereon
<br />as provided by the terms lit file it foremen i lolled Prollu%sory 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 halance of the attached note shall become immediately due and
<br />payable at the option of the benef'iciarv; (4) specifically copier upon the T rugcc the power of sale its provided in Nebraska law;
<br />(5) retain possession of the premises and collect the rent, and rcscouc, therefrom.
<br />Upon payment of all the sums secured by this Trust Deed, the Beneficiary shall request the Trustor! w reconvey the
<br />property and shall surrender this Trust DeA and all notes evidencing indebtedness secured by this Trust Deed to the
<br />Trustor. Trustee shall rec:onvey 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 int!rest thereon when due or in the faithful
<br />pesrformanc:e of any or either of said agreements as aforesaid, then the whole of said note shall become due and he paid as
<br />hereinafter provided, and this deerd shall remain in force; the Trustee or his attorney may proceed to self the property in
<br />itm entirety or in parcels at the option of the Trustee hereinhatore described at public auction, to the highest bidder, for
<br />cash. However, (he power of sale herein conferred upon the Trustee shall not he exercistid until (I f the Truster! 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 situ&". a notie:e of default, identifying the. Trustee by seating the names+of the Trustor and names (herein and
<br />giving the book and page where the same is recorded. a description of the trust properl;v, and containing a statenxml
<br />that, a broach of an obligation for which the trust property was conveyed as 1omllrity has occurr(d, and set t ing tort It t he
<br />nature of such breach and c+f his election to sell or cause to be :wet' .ouch prulM rty to satisty the obligatiom and (`S) after
<br />life impale of not less than on ntartt.h. the Trusttou silrall give notice of ! +ale as provided by Nebraskaa law'. After noticc of
<br />default and lapse of not less than one month, the Trustee shall Rive written notice of the time and place of gale
<br />deow,•ribing the property to 11e sold by publication Of such noti(,P..+t tc`ust live tinu•<. once ++ w,r`k for flco
<br />particularly
<br />cot *ecutive. weeks, the last publication to lie at least 10 da) s but alit nr.lre than ail days prior to the - ,. +II`, tit son :e
<br />ncwslMpvl having a general circulation in each vounty in which the, projivrty a, bP sold. - vomv pile i thereof, v- -loud od.
<br />pearl ^flea() Ile, tha •Trlmev shall execute and dulivPr a det-d of crmvc-s'unco` of t1w plojwl!y 'odd to the
<br />lN,r rr, fla„,.s4 tht'levol i;nef ally Stal.f!tne'nt or recital ell fa('.t 1fl ouch e1e44.1 Ill refa111111 le} IIle ! \e'ri'; til „t if!,- )h1w'e•I
<br />,alt' o,f Ow jivgx-ri4 Ile. 7111*41 th -voi, inclittfmg rtwil lk 1_eirtt'Prning.lnl n)1tilitlf ?, pe °i 4a :11.11 ovhi 1`t\ ;lilt) 1111:tif1'i1I;11`; r hl'
<br />r1(,t k.'a eel clef 9 .._ ,rf?Y n'IkeblFrt}! i1 n14 elk' putlivaliml and lHo,tivir "t !lr,l;1'1 + , iii 1,', ;l;ld t f 1 ::`11111;:1 „I •,., .1 1.:1. -1:: ?• :r .'.I :SI
<br />�lawu Iiial tlii <t,;rrenetlf;tit' iv Pc tilt-ill 4' 'if Much I ompliant and iolnrlu`.;:o1'eitto n <11. >'n r1 "t !nia�l,. !r`•n: ,•pw err;
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