|
L
<br />TRUST DEED
<br />85-0, 005269
<br />THIS DEED OF TRUST, made and entered into this 218t ____ —day of 19.65_
<br />Company
<br />by and between Richard H Jensen and Howard R ,JPAMM, and Firs Amer n Title naa tLA_t:? , Trustee,
<br />and Security Pacific linan�e Corpatlon 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 County, in the State of Nebraska:
<br />Property known as: Lots 4 -10, Block 1, Robinson Addition to The Village of Cairo, Hall
<br />County, Nebraska.
<br />Filed for Record- -_---------- .______._ -- at
<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 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 54[IR1 _fa6 — 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 _- °bar 25y.14BB__
<br />It is agreed by and between the parties hereto that until filing ill Notice of Detauh, the Trustor shall: (1) pay all present
<br />and future taxes and assessments, general and special, against said property before file same becomes delinquent or actionable:
<br />(2) keep all improvemems 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 be required
<br />by beneficiary, and to keep all policies of such insurance in force or effect 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 scion as any such payment on such lien, claim or
<br />indebtedness shall become due; and upon failure of Trustor to keep any said agreements, beneficial 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 terms of the aforementioned Promissory 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; (4) specifically conler upon the Trustee the power of sale as provided in Nebraska law;
<br />($) retain possession of the premises and collect the reins and revenues therefrom.
<br />Upon payment of all the sums secured by this Trust Deed, the Beneficiary shall request the Trustee to reconvey the
<br />property and shall surrender this Trust Deed and all notes evidencing indebtedness secured by this Trust feed to the
<br />Trustor. Trustee shall reconvey the property without warranty to the person or persons legally entitled therew; but if
<br />default be made in the payment of said note or any part thereof or any of the interest thereon when due or in the faithful
<br />performance of any or either of said agrcvments as aforesaid, then the whole of said note shall become due and be. paid as
<br />hereinafter provided, and this deed shall remain in force; the Trustee or his attorney may proceed to sell the property in
<br />its entirety or in parcels at the option of the Trustee hereinbefore described at public auction, to the highest bidder, for
<br />cash. However, the power of sale herein conferred upon the Trustee shall not be exercised until 0 ► the 'Trustee shall first
<br />Me for r000rd, in the office of the regioW 4t,AmW& of each county wherein the trust property or some part, or parcel
<br />therein is situated, a notice of deb$ th*- Trusteoe by stating the names of the Trustor and names therein and
<br />giving the boost and page wheeze rhea eei i ed, a description of the trust property, and containing a statement,
<br />that a breach of an obligation f[� which trust pr ljerty was conveyed as security has occurred. and set ting forth the
<br />nature of such breach and of his election u, alell or cause W be sold such prolwrty to satisfy the obligation: and 121 after
<br />the lapse of not less than one month, the Trustee shall give notice of sale as provided by Nebraska law. After notice of
<br />default and lapse of not less than one month, the 'Trustee shall give written notice of the time and place of stile,
<br />particularly describing the property to be -sold by publication of such notice, at least five times, once a week for five
<br />conwlcut.ive weeks. the last publication to be at least. ]n days but not more than ;311 days prior to the sale, in some
<br />newspaper having a general circulation in rach county in which the propxrrty to lw sold, or some part thcreol, is it uaal vd.
<br />Upson mx:h sale. the Trustee shall extwotee+ and deliver a decd of eonve'va nct. of 1111, prropxert' . +old to t he pureltnser or
<br />purchasers thertsof and any 4tatvnient car recital of fact- in such dyed in reldt bun to the emends,' of 1114' power of 'ale ,41111
<br />le of the propxerty dew :rilxxl t4wrem, including revitals concerning any mailing, P. ?r'onal dc:n rry and pullhcal nm of t lee,
<br />native of default, atr} mailing and the publication and posting of nw ace u( >.aal" :and t ht ,vndu, t v:alr. uueei "u,'11 I v, meei
<br />shall e:onntit.ute prima facie evideau"r of «will compliance and camclu "n i iwra _a eeu hl, .,r „t lwn;1 ild" pill , 11.r•t r,
<br />ea+.K,..,ass
<br />R
<br />
|