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<br />NOTICE OF DEF AUL T
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<br />~ ~ 200509936
<br />
<br />NOTICE IS HEREBY GIVEN that DONALD W. PEDERSON, the Trustee named in that certain Deed of Trust
<br />dated September 23, 1994, wherein ROBERT L. SIEMERS and BETTY SIEMERS, husband and wife, is Trustor and RONALD
<br />A. PAXTON and VICTOR PAXTON is Beneficiary, and wherein said Trustor transferred, conveyed and assigned with power
<br />of sale to said Trustee, in trust for said Beneficiary the following described real estate, to-wit:
<br />
<br />The Northeast Quarter of the Southeast Quarter (NE1/4SE1/4) and the Southeast Quarter of the Southeast
<br />Quarter (SEl/4SEl/4) of Section Three (3), Township Twelve (12) North, Range Ten (10) West of the Sixth
<br />P.M., Hall County, Nebraska,
<br />
<br />which was recorded on September 27, 1994, as Document No. 94-107990 of the microfilm records of the Register of Deeds of
<br />Hall County, Nebraska, has elected to sell or cause to be sold the above described real estate to satisfy the obligation ofthe Trustor
<br />to Beneficiary created by a certain promissory note executed and delivered by Trustor to Beneficiary dated September 3, 1994,
<br />which has been breached on account ofthe failure ofthe Trustor to pay the same, which said Deed of Trust was given to secure.
<br />
<br />Trustors have breached the obligation for which the Trust Estate was conveyed as security. The nature of the
<br />breach is as follows: Failure to pay the note in full upon demand.
<br />
<br />Trustee has elected to declare the entire unpaid balance, together with the interest thereon, immediately due and
<br />payable and has elected to sell or cause to be sold the Trust Estate described in the Trust Deed to satisfy Trustors' obligation to
<br />Beneficiary.
<br />
<br />NOTICE OF RIGHT TO CURE DEFAULT
<br />
<br />TO: Trustors, their successors in interest in the Trust Estate or any part thereof, any other person having a subordinate lien
<br />or encumbrance of record thereon, and any beneficiary under a subordinated trust deed:
<br />
<br />You are hereby notified:
<br />
<br />1. Under Nebraska law, you have the right to remove the default within two months of the date of this Notice was filed for
<br />record in the office of the Register of Deeds as provided in Nebraska Revised Statutes ~ 76-1012;
<br />
<br />2. The entire unpaid principal sum secured by the Trust Deed is $41,376.02;
<br />
<br />3. The amount of interest accrued on the sum described in 2 above, as of September 27,2005, is $135.74. From and after
<br />that date, interest is accruing on said sum in the amount of$7.23 per day;
<br />
<br />4. The amount of unpaid principal which would now be due had there been no default is $41,376.02.
<br />
<br />Be advised that nothing in this Notice is intended to waive or to otherwise relinquish any rights or defenses Beneficiary may have
<br />under the law with regard to any promissory notes, trust deeds, financing statements, security agreements, mortgages, or any other
<br />agreement concerning this loan.
<br />
<br />Dated: October ~, 2005.
<br />
<br />'0~ QQ,~
<br />
<br />DONALD W. PEDERSON, Trustee ~
<br />
<br />STATE OF NEBRASKA )
<br />) ss.
<br />COUNTY OF LINCOLN )
<br />
<br />The foregoing instrument was acknowledged before me this ~ day of October, 2005, by Donald W. Pederson, Trustee.
<br />
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<br />
<br />Notary Pubhc
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<br />Jill GENERAL NOTARY. State of Nebraska
<br />1m ROBYN L. NEAL
<br />My Comln, Exp, July 4, 2006
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