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<br />TRUST DEED 85--;;� 005168
<br />THIS DEED OF TRUST, made and entered into this._— _jTth__day of
<br />Warren L. Farrar and Lori D. Farrar
<br />by and between Trustor, and Firet _Amelriean_Tit1e._Iasuraace Corustee.
<br />Husband and Wife
<br />and cific Finttmce_ 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 estatc, situated in __ _. tea}}___________._._.__._______ County, in the State of Nebraska:
<br />Lot 55 and the Borth 10 Feet of Lot 54 in Fonner Vol— v :)
<br />Property known as: Subdivision in the City of Grand Island. Hall County, Nebraska.
<br />Filed for Record
<br />and possession of said premises now delivered unto said rrusice;
<br />- - _ at
<br />in Book
<br />- of - --
<br />Page
<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. Arid 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 tares cr 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 S6113- 0-- ______ _____ 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 anc provision contained herein or in said
<br />Promissory Note to the contrary, if not sooner paid, all sums due and owing under the tarts of said Promissory \ote shall be
<br />paid on or before
<br />It is agreed by and between the parties hereto that until tiling of Notice of Default, the Trustor shall: f 1) pay all present
<br />and future taxes and assessments, general and special, against said propetty betore 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, in such amounts and for such periods as are reasonable and may he required
<br />by beneficiary, and to keep all policies of such insurance in force or ettect upon the property herein described constantly
<br />assigned and delivered to beneficiary, (3) pay and comph with all of file 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 anc such payrneni on such lien, claim or
<br />indebtedness shall become due: and upon failure of Trustor u, 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 case may be, and the money so expended together, thereon
<br />as provided by the terns of the aforementioned Promissory Note, shall be secured by this 1 -rust Decd, and the Trustor agrees
<br />to repay the same upon demand, and upon failure to do so file balance of file attached note shall become immediately due and
<br />payable at the option of the beneficiary; t4) speciltcally confer upon the Trustee the power of sale as provided in Nebraska law;
<br />(S) retain possession of file 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 TruSt.ve to reconvep file
<br />property and shall surrender this Trust Deed and all notes evidencing indebtedness secured by this Trust. Deed to the
<br />TrusWr. Trustee shall re convey the property without warranty to the person or persons legully 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 clue or in the faithful
<br />performance of any or either of said agreements as aforesaid, then the whole of said note Shull b ecorne clue and be paid as
<br />hereinafter provided, and this steed 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'1'rust.ee hereinbefore deseribed 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) f he Trustee e shall first
<br />file for record, in the office of the register of deeds of each country wherein the trust property or some part or parcel
<br />therein is situated, a notice of default, identifying the'I'rustee 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 contnining a stalemont
<br />that a breach of an obligation for which the trust property was conveyed its security bar: ocrurt•ed, and sett ing forth the
<br />nature of such breach and of his election to sell or causer to Iw sold such property to satisf;v t he ohlikal lot); and 1:,I titter e1
<br />the lapse of not less than one month, the'1'rustee shall )rive notice of sale as provided by Nabruska lav . Atter not ice mt e
<br />default rend lapse of not less than out, month, the 'Trustee shall give written notice of the time and place mf Salo
<br />particularly describing the property to he sold by publication of such notice, tit least five time.. mire= a wee =k fin- h%u
<br />consecutive wcarks, the last publication to he tit least 10 days but not more than :30 day = prior h, 0w stele, m 111v W
<br />n(rwspap per having a general circulation in each county in which the proport v t(dw salt, or n,u• p:ert t hrn =mt, i. sit uaUvt
<br />Upoll such vstle, tilt. Trustee 4111111 execute and deliver u deed of 4-0nve = } :uere.4 the 10rup•tlt •.)ld t'l the• hurt -has, ter
<br />purrtrasers theruot and any tatenu•ert or reettUll nt fact, in such deed in refellon to the. , xe•t. ,i ! In" pmwe =r nl ".0, arni
<br />4r+le uF th4, prr,lna t r eb =verll,e� :I lhrrein, inrludinF; rerilals conre•rnint; nay m:uhn};, pe r�,mnl ,l, In � r: ;uni intl,ln at t,ai •�l i !n
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