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NOTICE OF DEFAULT $5 005540
<br />TO WHOM IT MAY CONCERN:
<br />You are hereby notified that Terry L. Giboney and Pattie G.
<br />Giboney „ Trustors, did on or about the 10 day of April 1981,
<br />make, execute, and deliver unto James Simdorn, as Trustee, a
<br />Trust Deed, wherein said Trustors conveyed the following
<br />described real property:
<br />West Seventy Seven (77) Feet of Lot Two Hundred Twenty
<br />Eight (228), in West lawn, an Addition to the City of
<br />Grand Island, Hall County, Nebraska,
<br />as security for repayment of a loan which the Trustors obtained
<br />from State Bank of Dannebrog, Beneficiary of said Trust Deed,
<br />which Trust Deed was recorded on the 10 day of April 1981, in the
<br />Office of the Register of Deeds of Hall County, Nebraska, as
<br />Document No.' 81- 001779. Said Dead of Trust was assigned to The
<br />Nebraska Mortgage Finance Fund, on the 10 day of April 1981, and
<br />said Assignment of Deed of Trust was recorded in the Office of
<br />the Register of Deeds of Hall County, Nebraska, on the 19 day of
<br />May 1981, as Document No. 81- 002575, which Assignment was re-
<br />recorded on February 5, 1982, in the Office of the Register of
<br />Deeds of Hall County, Nebraska, as Document No. 82- 000468. A
<br />Substitution of Trustee was filed naming Lawyers Title Insurance
<br />Corporation as successor Trustee, on August 19, 1981, in the
<br />Office of the Register of Deeds of Hall County, Nebraska, as
<br />Document No. 81- 004257, and subsequently John k. Brownell was
<br />named successor Trustee in a Substitution of Trustee document
<br />filed on October 31, 1985, in the Office of the Register of Deeds
<br />of Hall County, Nebraska, as Document No. 85- 005428.
<br />You are fur her notified that there has occurred a breach of
<br />an obligation ei the Trustors for which the trust property was
<br />conveyed as security, to -wit: That the Trustors have failed to
<br />pay the Beneficiary payments which were cont-ractually due on
<br />May 1, 1985, through this date, together with interest accruing
<br />thereon.
<br />You are further notified that the Trustee has elected to
<br />declare the entire unpaid principal balance, together with
<br />interest thereon, at once due and pavable and has elected to sell
<br />or cause to be sold the real property described in said Trust
<br />Deed to satisfy said obligation.
<br />DATED this 17� day of November 1985.
<br />John R. Brownell, Trustee
<br />STATE OF NEBRASKA) }
<br />) SS. J
<br />COUNTY OF HALL )
<br />The foregoing Notice of Default was acknowledged before my
<br />on the day of November 1985, by John R. Brownell, Trustee,
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<br />i O1 ry Public
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