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85-- 006232
<br />Upon payment of all sums secured by this Trust Deed, Beneficiary shall request Trustee to reconvey the Property and shall surrender
<br />this Trust Deed and all Notes evidencing indebtedness secured by this Trust Deed to Trustee. Trustee shall reconvey the Property,
<br />without warranty to the person or persons legally entitled thereto. If default be made in the payment of instalments on the loan when
<br />due or in the faithful performance of any or either of the agreements made in this Trust Deed, then the whole of the loan shall become
<br />j� due and payable, and this Trust Deed shall remain in force with Trustee or his attorney proceeding to sell the Property in its entirety or
<br />t in parcels at the option of Trustee, at public auction, to the highest bidder and for cash. However, the Power of Sale herein conferred
<br />upon Trustee shall not he exercised until Trustee files for record, in the office of the Register of Deeds of each county in which the
<br />Property is situated, a Notice of Default, identifying the Trustee, stating the names of the Trustor, giving the book and page where this
<br />Trust Deed is recorded, containing a description of the Property, stating that a breach of an obligation for which the Property was
<br />conveyed as security has occurred, and setting forth the nature of the breach and of Trustee's election to sell or cause to be sold that
<br />Property to satisfy the obligation. After the lapse of not less than one month, Trustee shall give Notice of Sale, as provided by Nebraska
<br />law.
<br />After Notice of Default and lapse of not less than one month, Trustee shall give written notice of the time and place of sale, particularly
<br />describing the Property to he sold by publication of that Notice, at least five times, once a week for five consecutive weeks, the last
<br />publication to be at least 10 days but not more than 30 days prior to the sale, in a newspaper having a general circulation in each
<br />county in which the Property to be sold, is situated. Upon sale, Trustee shall execute and deliver a deed of conveyance of the sold
<br />Property to the purchaser or purchasers of that Property. Any statement or recital of fact in that deed, in relation to the exercise of the
<br />Power of Sale and sale of the sold Property, including recitals concerning any mailing, personal delivery and publication of the Notice
<br />of Default and any mailing, publication and posting of a notice of sale, and the conduct of sale, shall constitute prima facie evidence of
<br />compliance with Nebraska statutes and conclusive evidence of such compliance in favor of bona fide purchasers and encumbrancers for
<br />value and without notice. The Trustee's Deed shall operate to convey to the purchaser, without right of redemption, Trustee's title and
<br />all right, title, interest and claim of Trustor, his successors in interest and of all persons claiming by or through or under them, in and to
<br />the sold Property including all such right, title, interest and claim in and to that sold Property acquired by Trustor or his successors in
<br />interest subsequent to the execution of Trustee. Trustee shall apply the proceeds of sale, first, to the cost and expenses of exercising the
<br />power of sale, as well as the cost of sale, including payment of Trustee's fees actually incurred; and second, to payment of the unpaid
<br />balance of the Actual Amount of (Aran plus interest, and the balance, if any, to the person or persons legally entitled thereto.
<br />And Trustee covenants faithfully to perform the Trust herein created.
<br />BENEFICIARY, from time to time, may substitute a successor or successors to any Trustee named herein or acting hereunder to
<br />execute powers created under this Trust beed. Upon appointment and without conveyance to the successor Trustee, successor Trustee
<br />shall be vested with all title, powers, and duties conferred upnn any Trustee herein named or acting hereunder. Each such appointment
<br />and substitution shall be made by written instrument and executed bg Beneficiary, containing reference to this Trust Deed and it' place of record, which, when recorded in the office of the Register of Deeds of the county or counties in which the Property is situated,
<br />shall he conclusive proof of proper appointment of the successor Trustee. The foregoing power of substtrution and the procedure
<br />therefor shall not be exclusive of the power and procedure provided for by law for the substitution of a Trustee or Trusters in the place
<br />of the Trustee or Trustee: named herein.
<br />If Trustors voluntarily shall se•I1 or c•onyey the• Property, in whole or in part, or am interest in that Property or by some art or means
<br />divest themselves (if title to thr Propr•rtc without obtaining the written consent of Beneficiarv, then Beneficiary, at its option, may
<br />declare the entire balance of the loan plus interest on the balance immediate) due and payable. This option shall not apply if (I) the
<br />.ale of the Properly is permitted because the purchaser's creditworthiness is satisfactory to Beneticuan and (2) that purchaser, prior to
<br />the sale, has rxrcued a written assumption afm•ente•nt containing terms prescribed by Beneficiary, including, if required, an increase
<br />in the Rate of Charge.
<br />This Trust Deed shall be construed according to file laws of the State of Nebraska.
<br />Trustor requests that a copy of an} Notice of Default and of any notice ref sale hereunder be mailed to Trustor by certified mail at the
<br />address, as follows:
<br />221 A ho.r. Granci..slr . . ax Nebr._ btlb0�
<br />.............................................................................._.............. .-- ............................
<br />Evidence of such mailing shall constitute evidence• cif reverpt of that Notice.
<br />The waiver by Truster or Beneficiary of Inc default of Trustor under this "Trust Deed .hall not be or be deemed to be a waiver of any
<br />other or sirnilar defaults subsequently ocrurring.
<br />This Trust Deed ±hail inure In and bind the heirs, legatee•, ley lsrr•s. administrators, r xrnturrs, successors and assigns of the parties
<br />hereto.
<br />Wherever the context so requires, singular words shall he ronsttued tin the plural and %ter versa, and the masculine gender shall be
<br />construed to include thr ferninrnc and %u•e %vrsa. e
<br />IN WITNESS Vl'HEREt1F. Trustor has g ed thus Deed of Trust on the day and sear first above written.
<br />Witness_ �� ._ /(; ,�,f•..��(.�;
<br />frurlur
<br />471M► What -ftm N sob"""
<br />STANIV 4 PET F%MN
<br />STATE OF NEBRASKA ) Mil QW& EW Ar& ill. 1917
<br />COUNTYOF ......../ . .... ............................... )
<br />B rte mr, ❑Votary ruble, qualtflr M s;1yl runty. personal) r acne
<br />.. ..................... and
<br />''r 'r .. r.1 t • �f t...._._, known to nn• Io he the tdenur.il {renonls) who signed the foregoing instrument and
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<br />i___ noyfedjted
<br />the therr,l,� I to hr i11s, her ur their %oluolary act anti deed. 1ti r[ness my 111[1111 411111 Notarial Sr•411 on
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