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TRUST DEED
<br />85-00620.4
<br />THIS DEED OF TRUST, made and entered into this_ L !��i day of
<br />;G a
<br />n, e gd 14azl1 J, Cani ey,
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<br />by and between - nc.' a:i _a _ e` Trustor, and - -�, -
<br />-s - '
<br />_. -''n ea:3 —i? a , Trustee,
<br />and Security Pacific r'inance Corporation c.ot~r) any
<br />- - - - -- — _ - -.. - -- -- -- - -- - -- 13eneficiarv.
<br />W'ITNESSETH: 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 />Lot 1' in 1. �c ?: 5 in ;, r, s aril I At [1 .�.'. Li. J;; 11 -o Y e?
<br />Property known as: Casty of 01ar,6 Irian 1,
<br />Filed for Record _ _ -- ----- _ - -_._ _ ._ at .... .....
<br />----- ___ - --
<br />in Hook -- -____— of
<br />Page
<br />and possession of said premises now delivered unto said Truster:
<br />TO HAVE AND TO HOLD the same, w ith all rights, privileges, and appurtenances thereto belonging unto the Trustee.
<br />his executors, administrators, heirs, and assigns forever. And the Trustor herehy expres,ly 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 5_ =`' _' _ 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 [line. Notwithstanding an% 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 />lnC ^:' is . 1 7 }
<br />paid on tit Wore -- - -- - --- -- - - - --= --r- -1= L- -
<br />It is agreed by and between the parties hereto 0141 until ([prig of 'police of De!ault, the Trustor shall: (1) pa% all present
<br />and future taxes and assessments, gen m
<br />eral and special, again said property bet ore Itic same becomes delinquent or actionable;
<br />42► keep all improvements erected on the land insured as may be required firm ,me to time by beneficiary against loss by fire
<br />and other hazards, casualties and contingencies, in such amounts and !or such periods as arc reasonable and may he required
<br />by beneficiary, and to keep all policies of such insurance In fore• or effect upon the PlOperl% herein described constantly
<br />assigned and delivered to beneflciar%. (3) pay and comply wuh 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 Norm as any such payment on such lien, claim or
<br />indebtedness shall become due; and upon failure of 1 rustor to keep any Bald agreements, hnefician may pay such tax, pay for
<br />such insurance or pay off such liens or clauns or Indehlednes, a, the case mac be, and the money so expended together, thereon
<br />as provided by the terms of the aforementioned Promissory Note, shall be secured b% this Trust Deed, and the Trustor agrees
<br />to repay the same upon demand, and upon failure Io do ,r the balance of the attached note shall become immediately due and
<br />payable at the option of the benc•tictar%; 04) specil ically contc•r upon the i rustee the power of sale as pro% ided In Nebraska law;
<br />(S) retain possession of the premise, and collect the rents and revenues therefrom.
<br />Upon payment of all the Sums securmi by this Trust Deed, the Beneficiary shall request the Trustee to reconvev. the
<br />property and shall surrender this Trust DecA and all notes evidencing indebtedness secured by this Trust Deed to the
<br />Trustor. Trustee shall reconvey the property without. warrant.- to the person or persons legaliv entitled thereto; but if
<br />default he made in the paynu:nt 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 agreements 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 prolxrty in
<br />its entirety or in parcels at the option of the Trustee hereinlxrfore 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 111 they 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 6 situated, a notice of default, identifying the Trusu.-es by stating the name- of the Trustor and names therein and
<br />giving the lxx>k and page where the r+anre is recorded, a description of the trust prolxrty, and containing a statement
<br />that a breach of an obligation for which the trust property was conveyed as secur•it.y has occurred, and sett ing tort it the
<br />nature of touch breach and of his election to sell or cause to be sold such prolxrty to s,rtisfv the obligution: and r�! alter
<br />L tfte lapse of net less than one month, the Truta.ve shall give notice of ale as provided 1ieLraska Iuw ,tiller not of
<br />default and lapse of not kiss than one month, the 'Trustees shall give written notice of the time and place of rode
<br />particularly describing the property to lx+ sold by publication of such notice, at least five fam-, once it week for five
<br />c.onw+cut.ive wmks, the Last publication tit Iw at least If) days but not more than 311 [keys prior to div iidl% m Snlne r:
<br />new -paper having( a getteral circulation in each county in which t ho prolxrty to Iw. sold. or some lgli t there of 1, �n uat,ri to
<br />IJfx,n %uch sale. fill, Tru"lee shall execute and deliver a det-d of corivevnlco, of the prolwy -1 % "obi to the. pAll"ha'ly or
<br />pnlrcha%ers thermtf an0 irny sl.citeetnrnt or res•ital of fact In Truth deed to relat ion ro if1,, ,•xer, Rr „f t ht lii,, .,1 ••ale 11110
<br />sped. of till, 1tr t)x,Kl c descrliwtf the,rvul, inclueiing recitals concl•rnIrig 111% n14111m i 1 r.oral .!,•le. ,..,, ,,n! 1�uhltr;ti u,•1 „f ; !u
<br />•e, rtu +. „f d0uu)t, ii m- in„litng and till, pultlicvl lute 11110 pomtIng if u„Iu!. .,f .a l.' <,n0 iIll• � „Ln i ,t _.,L .,rill •..� •• , � �0,,i
<br />oflai.H W4, p) imil fist lc el, 'it ;Ili 11 rolllpllalwi` 11110 coll,'hi.,i% ° t °l III -).
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