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<br />TRUST DEED
<br />82--uo25~9
<br />THIS DEED OF TkUST, made and entered into ehis_ 14 day cf June , 19 82
<br />by and between Charles E. Carpenter. and _ ,Trustor, and 1st American. Title Insurance ,Trustee,
<br />itarilyn M. Carpenter, Husband and Wife Company
<br />and Postal Finance Company, a Nebraska Corporation, Beneficiary.
<br />WI'iNESSETH: That the Trustor do by these presents grant, bargain and sell,conuey and confirm with Power of Sale
<br />unto the Trustee the following described Real Estate including all buildings, improvements, and fixtures of every kind now or
<br />hereafter erected or placed on the real estate, situated in
<br />Hall
<br />County, in the State of Nebraska:
<br />Property known as:
<br />Lot Five (5), in Block One (1), in Le Heights Second Subdivision,
<br />Hall Couaty, Nebraska
<br />.Filed for Record at __.Iv1.
<br />in,Book of
<br />Page
<br />and possession of said premises now delivered unto said'Trustee;
<br />TO HAVE AND 70 HOLD the same, with all rights, privileges, and appurtenances thereto belonging unto the Trustee,
<br />his executors, administrators, hdrs, and assigns forever And the Trustor hereby expressly waives, releases, and relinquishes
<br />unto the Trustee all right., title, claitn, 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.
<br />IN TRUST HOWEVER, for the following described purposesi WHEREAS, the Trus[or did on this date execute a
<br />Promissory Note evidencing a loan for the. principal amounrof 3 8018.51 and interest thereon
<br />according to the terms of said Promissory Note; said Promissory Note being payable :nmonthly installments at such place as
<br />the Beneficiary may designate in writing from time to time. Notwithstanding any provision contained herei^ or in 'said
<br />Promissory Note to the contrary, if not sooner paid, all sums due and owing umder theterms of said Promissory Note shall be
<br />paid on or before June 18~ 1987
<br />It is agreed by and bcrween the parties hereto that until fi)ing of Notice of Default, the Trustor sha1L (1) pay alfpresent
<br />and future taxes and assessments, general and special, against satd property. before thesaine brxomes delinquent or actionable;
<br />(2) keep all improvements erected on the and insured as'may,be required from'time to time by beneficiary;against loss by'fire
<br />and other 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 beneitciary, (3) day and comply with 'all of the Corms and conditions of any'Iien, claim or
<br />indebtedness that may be senior to or lake 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 paysuch tax, pay. for
<br />such insurance or pay ofC such Iicns or claims or indebtedness as [he case maybe„and the money so expended together, hereon
<br />as provided by the teems of the aforementioned-Promissory Note, shall be secured by this True, Deed, and the Trustor agrees
<br />[o repay the same upon demand, a: d upon faitureao do so thebalance of the attachednote shall become immedaatelg due and
<br />payable at the option of the beneficiary; (4) specifically confer upon the Trustee thepowerof sale as provided in Nebraska law;
<br />(5) retain possession of the premises and collect the rents and revenues [herefroin:
<br />Upon payment of all the sums secured by this Trust Deed, the Beneficiary shah request the Trustee to reccnvey the
<br />property and shall surrender this Trust Deed and all notes evidencing indebtedness secured by tfiis Trust Deed to the Trustor.
<br />Trustee shall reconvey the property withou[ warranty to the person or persons legally entitled thereto; but if default be made in
<br />the payment of said note or any part [hereof yr any of the inieres[ thereon whemdue or in the faithful performance of any or
<br />either of said 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; the Trustee or his. attorney may proceed to sell the property in its entirely or in parcels at the
<br />option of the Trustee hereinbefore described at public auction, to the; highest bidder, Por cash:;Hvweyer, the power of sale.
<br />herein conferred upon the Trustee shall not be exercised "until {1) the Trustee shall firsC file forrecord,` in the office of the
<br />register of deeds of each county wherein the trust property. or some part or parcel therein is situated, a notice of default,
<br />identifying the Trustee by stating tt.e names of the Trustor.and names therein and giving the book'and page where the same is
<br />recorded, a description of the trust property, and containing a statement that abreach,of am obligatiom for which'. the trust
<br />property was conveyed as security has occurred, and setting forth the nature of such breach and of his election ro senor cause
<br />to be sold such property to sati;;fy the obligation; and Q) after the lapse of not less than one month, the Trustee shall give
<br />notice of sale as provided by Nebraska law. Afar notice oC default and lapse of not less than one month, the Trustee shall give
<br />written notice of the lime and place of :ale particularly describing the property to be sold by'pnblication of suslznotgce, at least
<br />ftve times, once a week for five consecutive weeks, the last publication to be at least 14 days but not more than30 days prior to
<br />the sale, in some newspaper having a genera( circulation in each counn in which the property to basold, or some part thereof,
<br />is s][vatui. Upon such sale, the Trustee shall execute and deliver a deed of cem~cyance Of Cho property-sold toahe purchaser or
<br />purchasers thereof and an•: statement or recital of f ac[ :n such deed in relation to iheexercise of thcpower ofsale andsate of
<br />;he property described t'rercin, including rccitafs concerning any mailing, nasona} delivery and-publication of thenotice of
<br />default, any mailing aced the , ublicatio*: and posting of notice of sale, and theconduct ofsale: aodsoch recital'shail constiiute
<br />prim facir e~s~idrnse of such compliance andconclusivc eyidcncethereof in fa~•'or of bona:fide purchasers and encumbranccrs
<br />of sa€uc and w~it;ou; r,otie. The Trusier's decd :hall operate taeom~e; to the: purchaser, withs+ut right of redemption, ttae
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