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<br />83- 002629
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<br />TRUST DF-ED
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<br />KNOW ALL MEN BY THESE PRESENTS, that C. Dl\.NIEL GINCIG and
<br />RATHEL r,tNCIG, husband and wife, each in their own right and as
<br />spouse of the other, hereinafter referred to as "TRUSTORS", to
<br />secure the payment of a certain Note dated May , 1983, in the
<br />principal amount of Thirty-Seven Thousand Nine Hundred and No/lOO
<br />Dollars (537 ,900.00J, together with interest at the rate of
<br />ten percent 110%1 per annum payable to Frances .J. Elliot, a
<br />single woman, hereinafter referred to as the "BENEFICT.l\.RY", do
<br />hereby grant and convey unto Galen E. Stehlik, Attorney at Law,
<br />his successors in interest and assigns, hereinafter ~eferred to
<br />as the "TRUSTEE", the following-described real estate:
<br />
<br />Suite No. 30, "0" Nindsor Square Con-
<br />dominium Property Regime in Unit 4, Lot 2,
<br />Block H, Replat Continental Gardens, an
<br />Addi.tion to the City of Grand Tsland, Hall
<br />county, Nebraska.
<br />
<br />
<br />TO HAVE ANn TO HOLn the same toqether with all appurtenances,
<br />in trust nevertheless, that i.n case o~ default in the payment of
<br />any sums due pursuant to said Note or any part thereof or interest
<br />thereon, or in the oerformance of any covenants hereinafter set
<br />forth, then the TR1TSTEE shall have the power to sell the above-
<br />described propertv, and upon the request. of the BENF.F'JCTARY, the
<br />TRUSTEE shall ~ile "or recorn, in the Regist.er of need's Office
<br />of ffall COIIDty, Nebraska, a Notice of Default, setting forth the
<br />name of the '"RUS"'ORS, the hook '!.nd page or document number of
<br />this Trust need ,'is recorded in said' Register of need I s Office,
<br />the legal description of the above-described real estate and that
<br />il breach of' an obliGation, For which said real estate was conveyed
<br />as security, has occurred, and settinq forth the nature of such
<br />breach and the TRnSTf:E'S election to sell the real estate to
<br />satisfy the obliqation; and a"ter the lapse of not less than one
<br />month, the TR!lS'l'EB shall give written notice of the time and
<br />place of sale which may be between 9:00 a.m. and 5:00 p.m. at the
<br />premises, or at the Hall County Courthouse, in describing the
<br />real estate to be sold bv its legal description; said notice to
<br />he published in a newspaper of generi'll circulation in Hall
<br />County, Nebraska, 0nce a week for five /51 consecutive weeks, the
<br />last publication to be at 1(~a5t ten (l01 days, but not more than
<br />thirty (30 I davs, prior to the sa Ie; i'lnd the TRUSTEE shall then
<br />sell said property at the time and place designated in the
<br />notice, in the manner provided by the law in effect at the time
<br />of filing said nobce, at DuhUc auction to t.he highest bidder
<br />for cash and shall del i ver to such purchaser a Deed to the
<br />property sold, consistent with the law in effect at the time.
<br />l\.dditionally, TRUST!':R shall mail T1WS"'ORS a coPY of any Notice of
<br />Oefault and Notice of Sale hereunder. Out of the proceeds of
<br />said sale, the TRllSTEF: ahi'lll retain and pay first all fees,
<br />charges, and costs of the sale and all monies advanced in the
<br />exercise of the power of sale including the obligation secured by
<br />the Trust Deed, and the balance, if any, shall be paid to the
<br />TRUSTO~~, their successors in interest and assigns, or in the
<br />discretion of the TRUSTEE paid into a Court of competent iuris-
<br />diction and made the subiect of an interpleader action. Any
<br />person, including the RENEFH,TARY, may purchase said property at
<br />$uch sale.
<br />
<br />
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<br />The TRUSTORS covenant that at the time of deliverv of these
<br />pres!!lnt$, they are seized of said real estate in fee simple, and
<br />tha.j:; said real Elata te is free of encumbrances, except easements,
<br />.rig.i\ts-of-waY, rest;rictions and reservations of record, and they
<br />'<lilt k$ep all huil4inCls on said real estate insured for Fire,
<br />flOQd, liqhtninq. and hazards, including an extended coveraqe in
<br />ll.n amount eq~al to the unpaid balan.ce of the aforesaid note with
<br />:LOS$ P4)'ahla to the RF.NEFrCIARY, and will pay a 11 taxes and
<br />a!U'S:l'l!ss_ntl!l again$t said real estate and amounts due on prior
<br />li.lll9U~fa,n():es, and Lithe'\! ~hllJl fail to pay insurance premiums,
<br />ta:i4e$ot. a:1IlOunt.. due on por lor encumbrances, the ~ENR!"tC'TARY may
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