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<br />NOTICE OF DEFAULT AND ELECTION TO SELL
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<br />NOTICE IS HEREBY GIVEN of the default of Joel B. Shafer and Marcey A. Shafer,
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<br />husband and wife, (hereinafter referred to as "Trustor") under a Construction Deed of Trust
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<br />dated December 21, 2005 in which Geneva State Bank is named as Beneficiary and Trustee,
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<br />and filed for record on December 23,2005 as Instrument #200512548 in the records of the
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<br />Register of Deeds in and for Hall County, Nebraska.
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<br />The Property of the Trust is described as follows:
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<br />All of Block Five (5), Ponderosa Lake Estates Subdivision in the
<br />City of Grand Island,,_ .;H<:t11CPlln~y,., ,~~braska', {the "Trust
<br />Property") .
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<br />,.'\q'.-.....,.. fr':f.~ " ~'" l'~./~." .:.'\.,., \.... '.1, ~ ..') :"""'J).'..~',
<br />Nb'TICE:i~:rFijR.T}rER dI'0'EN'iiIAT an Event of Default under the promissory note for
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<br />~',.,. "~,,,.,!'\ i:,";',~'. ;~'L'i',::'~:V~;i;:;"".:;'~"';..~ ~..~/r'.:I.'~~:, r~~~~,', ,:'~.~.C ':.";.:".. ....< ,~. :~,~..
<br />which the" above Trust Property was conveyed as security has occurred, the nature of such
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<br />.I.'~'.'. '...:;:.:.. ...'J, :.1<<:' -i:,..'~;/r:~f.:,T~'.r::."'.'J\i') ,.".: ,":;:' ,::""'; :\J""r~T.&j--.'.'..: ~';':t~~.,;.:-~'.:,i.".;'. ;"....:~_..(. .,~
<br />Event of Default being more particularly described as follows: failure to make the regularly
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<br />scheduled monthly payments under the promissory note secured by the construction deed
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<br />.. .. : , . I < .
<br />ot trust;' failure to pay real estate taxes prior to delinquency.
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<br />NOTICE' IS 'FURTHER GIVEN that by reason of such Event of Default under the
<br />
<br />, ,~'" I , :'. . , ., .~ _ ,
<br />promislSory note, the Beneficiary- has elected to sell or cause to be sold the Trust Property to
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<br />,r' ,":';.:.' ': '._ "i,,'.,_~ tL ~;~..1.'~<. ""',-i':o' .I.,' .:.:>.~' ~_ .. .
<br />satisfy the Indebtedness under the promissory 11ote.
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<br />D~'ted t~is~'2'iihd~y'6(N~~~intH;~','2008'.
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<br />'.~..GENEVA STATEBANK,Trustee.:..
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<br />By: CLINE, WILLIAMS, WRIGHT,
<br />JOHNSON & OLDFATHER, LLP
<br />Attorneys at Law
<br />233 South 13Ul Street
<br />1900 U.S. Bank Building
<br />Lincoln, NE 68508. ....
<br />
<br />
<br />(4.7&00/0'
<br />'. ~..
<br />
<br />By:,' ~
<br />. lchard P. Garden, Jr. #17685
<br />
<br />STA 1'E 'OF NEBRASICA .'.
<br />COlJ':'HY OF L/\N(;ASTER'
<br />
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<br />The foregoing instrument was ackno~l~dged hefo~e me ~n this~l~ day of Now:mber,
<br />2':;013 by Richard P Garden, Jr., one of t~e attorneys for the Trus~~e.
<br />
<br />. . . T
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<br />~---~~~ ----~--------
<br />Notary Public '
<br />
<br />J;ENERAl NOTARY-Slale of Nebraska
<br />I DIANE M. HILGER
<br />. My Comm. Exp. Dec. aD, 2008
<br />
<br />0877435. i
<br />
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