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82=)i.t227O TxusrDEED
<br />THIS DEED OF TRLST, made and entered into this. ~~ day of 3ms ; 19~g
<br />by and between HH~~ yey Q •~,~ _~id (:1 ar ys T.., Trustor, and First l~n+ert an Ti t P ,zt ranr~ Trustee,
<br />Larsen Hus ab nd and Wife Companq
<br />and Postal Finance Company, a Nebraska Corporation, Beneficiary.
<br />WITNESSETH: That the Trustor do by these presents grant, :bargain and sell, convey and confirm with Power of Sale
<br />unto the Trustee the following described Rea! Estate including all buildings, improvements, and fixtures of "every kind now' or
<br />hereafter erected or placed on the real estate; situated in Hail County, in the State of Nebraska:'
<br />Property known as:
<br />-:Lot Five (5)p in Block Tkrelve (12), in Clausen,.
<br />Country 41ev Addition to the. Citq Filed for Record at _.ht.
<br />of Grand. Island, Bali Countq, Pebraska
<br />in Book 'of
<br />Page
<br />and' possession of said. premises now delivered unto said Trustee;
<br />TO HAYS AND TO HOLD thESame, with all rights, privileges, and appurtenances thereto'belonging unto the Trustee,
<br />his executors, administrators, heirs, and assignrforevtr: And the Trustor hereby expressly waives, releases, and relinquishes
<br />unto thtTrustee 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 alt laws of the State of Nebraska pertaining torthe exemption of
<br />homestead. And. the Trustor covenants with theTrustet that he will forever warrant and defend the title to the sameagainsrthe
<br />lawfut;claims of all persons whomsoever.
<br />fN TRUST HOWEVER, for the. following described purposes: WHEREAS, .thee Trustor did on this date execute a
<br />Promissory Note evidencing a loan. for the.. principal amount of $ 'tn,100 Oh and interestthereon
<br />according to the terms of said Promissory Note; said Promissory Notebeing'payable in monthly insialhnents at such platens
<br />tht Beneficiary may designate in writing from time to timei Notwithstanding any provision :contained herein or in'said
<br />Promissory Notc o tht contrary, iFnot sooner paid, alCSums due and owing-under the terms of said Promissory Noteshall be
<br />paid on or btforr bl7/87
<br />]t,is agreed by and between the. parties hereto thatuntii filing of Notice. of Defauh, she Trustor shall: (1) pay all present
<br />and future taxes and assessments, genual and special, against said property beforeahc ame becomes delinquent or actionable;
<br />(2) kelp alt improvements erected on the land insured as may beYtquired from time to time by beneficiary against loss by firs
<br />and other hazards, casualties and contingencies,: in such amounts and for such periods as are reasonable and may be equired
<br />by beneficiary, and to keep. ail policies of such insurance in force br effect upon thr property, herein described constantly
<br />assigned and deli~tred to- benefiaary, {3) pay and comply, with all of the terms and conditions of `any lien, claim' or
<br />indebtedntss that may be senior to or take precedence to his Trust Deed as soon as any such payment on such lien; claim or
<br />indebtedness shall become due; and upon failure of Trustorzo keep any said agreements, beneficiary may pay such tax, pay. for
<br />such insurantt or pay off such liens or claims or indebtedness as the ease may: be, and the money so,expended together; thereon
<br />as provided by thrterms of the aforementioned Promissory Note, sha8 be secured bgthis Trust Deed, and the Trustoragrees
<br />to repay the same upon demand, and uponfailure ro do soxhe balance of the attached note shalt necome immediately diteand
<br />payable at the option of thtbeneficiary; {4) specificatty confer upon the Trustee the power of sale as provided in Nebraska law;
<br />(S) retain possession of the premises' and collect the-renu and ree~nues therefrom.
<br />Upon payment of alt'the sums secured bg:inis Trust Deed, the Beneficiary shall request the Trustee to reconvey the
<br />:property and shat[ surrender this Trust Deed and alt notes evidencing: indebtedness secured by this Trust Deed to the Trustor.
<br />Trustee hall reconvey the property without warranty to the person ocptrsons legallycnti$ed thereto; but if default be made in
<br />the payment of said note or any part#hereof or any of the interest thereon; when due or in the faithful performance of any or
<br />either of sold agreements as aforesaid, then the whole of said note shall become due and-be paid as hereinafter provided, and
<br />this deed shall remain in force; [he Trustee or his attorney may proceed: to sell the property in its entirety or in parcels at the
<br />option of the Trustee hereinbefore described at pub€icauction, to the highest bidder; for cash. however, the power. of sale:
<br />herrin conferred upon the Trustee shall not be exercised until (I) the Trttstee shall first file For record; in the office of the
<br />registry of deeds of each county wherein the trust property or-some pazt or parcel therein is situated, a notice of default,
<br />idemifying the Trustee by stating the names of ehe Trustor and names therein and giving the book and pagewhere [he same is -
<br />recorded, adescription of the trust property, and containing a statemem that a breach of an obligation for which the trust
<br />prop`rty was conve}=ed as security has occurred, and setting forth [he nature of such breach and of.his election to sell or cause
<br />to 6e sold ,uch property to sarsfy the obhgaeion; and {2) after the lapse of not less than pne month, the Trustee shalt give
<br />potter of sale as provided by Nebraska law. After notice of defauh and lapse of not less than one month, the Trustee hallgive
<br />wnuen nonce of the time and place of lair particularly describing the property lobe sold by publieatian ofsueh notice; at least
<br />fntr r.;mes., once a week for Five ennsrcuuve weeks, tht Iasi publication to beat Ieasti0days but not more thou 3f) days prior ro
<br />the nose, in some newspaper ha} ing a general circulation. in each county in which the property to be sold, or some part thereof,.
<br />,s siruated upon such ,a e the Tru ae shall execute and deliver adeed of conveyance of tltc properry• Bald ro the purchaseror
<br />pcrchasers therec7t a-,d an,~ ,tatcn.c..t or recital of fact in such deedsn relation :o the exercise elf the. power of ale and sale of
<br />he pro~rry de,;crit~d rherein :~[;tding recitals s:oneerrung any mai}ing, personal delivery and publication of late trotlcc oi`
<br />:Srfautt, anv rr.s~ling one theparh:ica:ioa and posting of notice of salt„.and the canductof salt; and such recita. shall consti¢utc
<br />prima fa~;ir aidrr,: e of such c«rupliar:ce and conclusive ovidence thereof in favor of bona ''ide purc?:a4cs`s and ene u~mbrancecs
<br />.rt ~alu% anv K~ethaat notice. 'the °Trasteo'a deed shall otirrate tocons~ty to :fie purchasrr, without right of zetfr[nption, the
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