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<br />TRUST DEED
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<br />THISDEEDOF TRUS:r, made and entered into this
<br />Lester' Robert Lentz and Fern
<br />by:'_and'betw~n;'T':':SIn-a."''''p :T--pn';"~-j h1~~h~_n-n-, h"- Wi-TP
<br />
<br />25th
<br />
<br />day of
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<br />AUgust
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<br />83- 004542
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<br />, Trustor, and.,Ti 1:1 e Inst-lTA~e
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<br />WlTNESSETH:Thanhe Trustor do by these presents grant, bargainandseH. conveyandconfirirrwitIiP<1~er;9f~le', .
<br />unto the Trustee the following described Real Estate including all buildings, improvements, and fixtures of everyl>ind;uow:'or,:
<br />
<br />hereafter erected or placed on the real estate. situated in
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<br />Hall
<br />
<br />.,."----- ,-'- -
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<br />County,.in theStateofNibt;iSka:
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<br />Property known as:
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<br />Lot'Eight (8), Block Thirteen (13), Boggs and Hill Addition to the
<br />City of Grand Isaland, Hall County, Nebraska.
<br />
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<br />Filed for Record
<br />
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<br />at
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<br />
<br />in Book
<br />
<br />of
<br />
<br />Page
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<br />and possession of said premises now delivered unto said Trustee;
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<br />TO HAVE AND TO HOLD the same, with all rights. privileges. and appurtenances thereto belonging unto the Trustee,
<br />his executors, administrators, heirs, and assigns foreveL And the Trustor hereby expressly 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.
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<br />IN TRUST HOWEVER, for the following described purposes: WHEREAS. the Trustor did on this date execute a
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<br />Promissory Note evidencing a loan for the principal amount of $ ?/', 7?4 40 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 time. Notwithstanding any 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 />
<br />paid on or before
<br />
<br />August 30. 1993
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<br />It is agreed by and between the parties hereto that until filing of Notice of Default, the Trustor shall: (I) pay all present
<br />and future taxes and assessments. general and special, against said properlY before the same becomes delinquent or actionable;
<br />(2) keep all improvements erected on the land insured as may be required from time to time by beneficiary against loss by fire
<br />and mher hazards, casualties and contingencies, in such amounts and for such periods as are reasonable and may be required
<br />by beneficiary, and to keep .all policies of such insurance in force or effect upon the property herein described constantly
<br />assigned and delivered to beneficiary, (3) pay and comply with 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 soon as any such payment on such lien, claim or
<br />indebtedness shall become due; and upon failure of Trustor to keep any said agreements, beneficiary may pay such tax, pay for
<br />such insurance or payoff such liens or claims or indebtedness as the case may be, and the money so expended together, thereon
<br />as provided by the terms of the aforementioned Promissory Note, shall be secured by this Trust Deed, and the Trustor agrees
<br />to repay the same upon demand, and upon failure to do sO the balance of the attached note shall become immediately due ancl
<br />payable at the option of the beneficiary; (4) specifically confer upon the Trustee the power of sale as provided in Nebraska law;
<br />(5) retain possession of the premises and collect the rents and revenues therefrom.
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<br />
<br />Upon payment of all the sums secured by this Trust Deed, the Beneficiary shall request the Trustee to reconvey the
<br />property apd shall surrender this Trust Deed and all notes evidencing indebtedness secured by this Trust Deed to the Trustor.
<br />Trustee shall reconvey the properlY without warranty to the person or persons legally entitled thereto; but if default be made in
<br />the,paymenrof said note. or any part thereof or any of the interest thereon when due or in the faithful performance of any or
<br />either of said agreements asaforesaid. then the whole of said note shall become due and be paid as hereinafter provided, and
<br />thisdeed:shalLremain in force; the Trustee or his attorney may proceed to scll the property in its entirety or in parcels at the
<br />optionoLthe Trustee hereinbefore described at public au<'tion, to the highest bidde',", for cash. However, the power of sale
<br />hereinC\lnferredupon,the Trustee.shall not be exercised until (I) the Trustee shall first file for record, in the office of the
<br />(e,gisler-of'deedlii of eai.~h,-cOlmty- whp.rf'l-n the frll>;t !lTOpt'rly or ,omi' fl::lff or r~rcf>1 th.~rt"i.n i, ,itll~te'(t. ~ norke of c1i.:'f?',df,
<br />identifyingth"Trustee by stating the names of the Trustor and names therein and giving the book and page where the same is
<br />re~Qrded.a;descriptionoflhetrust .property, and containing a.statement that a breach of an obligation for which the trust
<br />I'rQ~rty,Wi\sCO!l"eyedl\s.se"urityhas occurred, and setting forth the nature of such breach and of his election to seil or cause
<br />to',beso1(j'suchproperty tosaiisfy the obligation; and (2) after the lapse of not less than one month, the Trustee shall give
<br />n{)ti~eof~!e.as.provided by i'>lelltaskalaw. Afternotice of default and lapse of not less than one month, the Trustee shall give
<br />writt.ell,nqticej)fthe [ime. and place of sale particularly describing. the property to be sold by publication of such nOlice, at least
<br />fi~time~,{)nce;aweekfQtfiv,e consecutive weeks, the last publication to be at least 10 days but not more than 30 days prior to
<br />th,esaje;insgmenewsgaperhaving a general circulation in each county. in which the property to be sold, or some part thereof,
<br />. iSsitu,\tlld.Upgn SU~ltsale, the Trusleesh,dlexecute and deliver a deed of conveyance of the property sold to the purchaser or
<br />~U.l'\)ha.$erHhj:reof<llldan;ystaternentorrecilaloffaclin such deed in relation to the exercise of the power of sale and sale of
<br />the property descri.pedtherein. including recitals concerning any mailing, personal delivery and publication of the notice of
<br />d~fal,llt, any ml\i1ing and the publication. and posting of notice of sale, and the conduct of sale; and such recital shall constitute
<br />prima f<icie evidence of suClicqffipliance anti conclusive evidence thereof in favor of bona fide purchasers and encumbrancers
<br />of value and without notic.e.The Truslec'sdeed shalloperalC to convey to the purchaser, wilhout fight 01 redemption, the
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<br />29:';20..1282
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<br />ORIGINAL
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