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<br /> ", n ~ <br /> AJ ~ :c I~ m <br /> m c:;:o OC/1 '~ ~ <br /> c: n :J: c::o <br /> eo o --i <br /> (Y Z ~ ~:p C l> -'N <br /> :1 n 0 z z--i :D <br /> %~ ~ c::;:J -j.fTl m <br />f\..) p m c::: -<0 (::) 0 <br />e 'i ("\(1) :r> <br />s C2- ~% 0"'" 0 en <br />00 -." -.J """z co z <br />s ~ 10 r ::J: rr1 <br /><0 \J fTI ""'1J 1;o-OJ b ~ <br />W ~ fTI ::3 r- ::0 ::JJ <br />f\..) ~ 00 .1;0- co c: <br />-....,J fJ) '" ~ <br /> ........ :;>0;; c..J <br /> !l )> m <br /> ...e -- N ~ <br /> (Tl <br /> ;5 ........ C/1 -.J Z <br /> (J') 0 <br />\....._- NOTICE OF DEFAULT AND ELECTION TO SELL <br /> S'Sa <br /> NOTICE IS HEREBY GIVEN of the default of Shafer Properties, LLC, a Nebraska <br /> <br /> <br /> <br />Limited Liability Company (hereinafter referred to as "Trustor") under a Deed of Trust dated <br /> <br />December 21,2005 in which Geneva State Bank is named as Beneficiary and Trustee, and <br /> <br />filed for record on December 23, 2005 as Instrument #200512551 in the records of the <br /> <br />Register of Deeds in and for Hall County, Nebraska. <br /> <br />The Property of the Trust is described as follows: <br /> <br />Lot Three (3), Crane Valley 4th Subdivision, in the City of Grand <br />Island, Hall County, Nebraska; and <br /> <br />NOTICE IS FURTHER GIVEN THAT an Event of Default under the promissory notes <br /> <br />for which the above Trust Property was conveyed as security has occurred, the nature of <br /> <br />such Event of Default being more particularly described as follows: failure to make the <br /> <br />regularly scheduled monthly payments under the promissory notes secured by the deed of <br /> <br />trust. <br /> <br />NOTICE IS FURTHER GIVEN that by reason of such Event of Default under the <br /> <br />promissory notes, the Beneficiary has elected to sell or cause to be sold the Trust Property <br /> <br />to satisfy the Indebtedness under the promissory notes. <br /> <br />Dated this 6th day of November, 2008. <br /> <br />GENEVA STATE BANK, Trustee <br /> <br />By: CLINE, WILLIAMS, WRIGHT, <br />JOHNSON & OLDFATHER, LLP <br />Attorneys at Law <br />233 South 13th Street <br />1900 U. S. Bank Building <br />Lincoln, NE 6850 <br />(402) 474-6900 <br /> <br /> <br />By: <br /> <br />STATE OF NEBRASKA ) <br />) ss. <br />COUNTY OF LANCASTER ) <br /> <br />The foregoing instrument was acknowledged before me on this k, ~ day of November, <br />2008 by Richard P. Garden, Jr., one of the attorneys for the Trustee. <br /> <br />.j;ENERAL NOTARY-State of Nebraska <br />DIANE M. HILGER <br />. . My Comm. Exp. Doc. 30, 2008 <br /> <br />~N.~ <br /> <br />Notary Public <br /> <br />0877428.1 <br />