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TRUST DEED 85,„ 004961
<br />THIS DEED OF TRUST, made and entered into this_41h____day of October ___-------- _ _ 19 g,
<br />by and between W1ibla, n M4 -1 sariand._Conrje . - .Trustor, and First American Title Insurance,Q"MAWy
<br />Nielsen Husband and Wife
<br />and Security Pacific FiMMee Corporation -____ 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 1 In Block 11 In Boggs and Hill -s Addition to the City of Grand
<br />Island, Hall County, Nebraska
<br />Filed for Record
<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 forever. And the Trustor herehy expressly wai%cs, releases, and relinquishes
<br />unto the Trustee all right, title, claim, interest, benefit, and estate whaic,er, 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 alt persons whomsoever.
<br />IN TRUST HOWEVER, for the following described purposes: )VHL-REAS, the Trustor did tin this date execute a
<br />Promissory Note evidencing a loan for the principal amount of S- - 13241_6fl- ___ _______._ and interest thereon
<br />according to the terms of said Promissory Note; said Pn0mi150r Note being pa)ahle in monthly installments at such place as
<br />a `
<br />the Beneficiary may designate in writing from time to time. Notwithstanding am prousion contained herein or in said
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<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 ___ October 9, 1995
<br />4 ,
<br />it is agreed by and between the parties hereto that until liking Of NUti:c of Dclauit, the Trustor shall: 11) 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 comingc•ncics, in uch amounts and for such periods as are reasonable and may be required
<br />by beneficiary, and to keep all policies tit such insurance tit toicc of ctfect upon the property herein described constantly
<br />assigned and delivered to benefioar , (3) pay and :ompls wah ;311 of the terms and conditions of any lien, claim or
<br />indebtedness that may be senior to or take precedcn:c to this I rust Deed as soon as any such payment on such lien, claim or
<br />indebtedness shall become due; and upon tailurc of i rustor 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 rase may he, and the money so expended together, thereon
<br />as provided by the terms of the aRxemcmioned Promissory Note, shall he secured by this Trust Deed, and the Trustor agrees
<br />to repay the same upon demand, and upon tailurc !o do so the balance of the attached note shall become immediately due and
<br />payable at the option of the beneGcran: Id) specil1 :ally conler upon the *Trustee the power of sale as provided in Nebraska jaw;
<br />f5) retain possession of the premises and :olleci the rents and revenues therefrom.
<br />Upon payment of all the sums secured by this lirust Deed, the Beneficiary shall request the Trustee to reconvey the
<br />property and shall surrender this Trust Ueed and all notes evidencing indebtedness secured by this 'rrusL I)ee•d 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 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 be-corne due and be paid as
<br />hereinafter provided, and this deed shall remain in 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 he 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 t herein and
<br />giving the book and page where the same is recorded, a description of the trust property. and containing it surtvinent
<br />that a breach of an obligation for which the trust property was convey d as security has occurred, and vt t ing forth the
<br />nature of such breach and of his election to sell or cause to be sold such profxert,v to satisfy the• obhgal ion; and t2l atie•r
<br />L the lapse of not less than one month, the Trustee Shall give notice of sale as provided y Vbra:ka law lifter noel( of
<br />&,fault and lapse of not less than one month, the Trustee shall rye written rimier c 1 the tint nd pr rte of ilh,
<br />particularly describing the property to to sold by publication of such r•,oticr, et least 1 s urn• t u e ., w r k t „r f .t
<br />consecutive weeks, the last publication to tie at least 10 days but not neon. than 30 d evs
<br />newspapx<r having a gene•rui circ utation in each county in which the properts to !.e• ,old, or s riw part i he -r,•, : :r,•d
<br />l +pxm such sale, the Trwtev shall exe.4ute• arid deliver a deed of c,onre-vnntt- c,t !h,� pr lord „Iii t,. !hr j i �r�."-1 ,,r
<br />purcho —'rs Ifterev,l and an} vt.at�•tncnt oar ri -cital of fact in such d—ti to rnl.au,• .,, 1hr- ,•,••n -i.,. ! !h, •,,,sr �,�i. ;�r,;l
<br />elf• ni the port,jr•rty t.rst:ritxvi !iwrt -in, including
<br />nutu -e nl *iel,wh. till•: to:nimg; end l.h.• f-Mi' ai i,ni ;md t:,f,tir;r.d -' rn %! r:
<br />it r {.:t: i t.. j,r:rr,a t. re• en ;de iris „1 -,r, h • i::+nt •• nn,i , ,nr:.c s. ,,,
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