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<br />TRUSruEED 82--EI(.139~~
<br />7-FiE5DE6©QFTRUST,made:mdentered3ntothisls,~_~dagof ___Seotem~x___ .___,19_82
<br />
<br />bysnd between Deaa F, En elhawC- and Yvette_ , Trttsror, aod>'iLle Insurnn~~~o~i inn gg~ nTrustee,
<br />Engelhaupt, husband and wife.
<br />and Postal Savings Company, a '~ebraska Corporation, Beneficiary.
<br />'WfTNFSSETH: That the Truster do h}~ these presents grant, bargain and sell convey and confi;-m -with Power of Sale
<br />unto the Tnutee the following descril>zd Real Estate including ail buildings, ;mprovements, and fixtures of every kind now or
<br />hereafter erected or placed on the real estare. si_ruated in ____~1~ _ _ County, in the State of Nebraska:
<br />Property known as: Lot Five (5), in 81ock !'ive (5) n Bel-A1r ®ddltion'to the Citv of
<br />Grand Island, Hall Co~mty, 2iehraaka •
<br />Filed for Record _._-- at _-- .~q
<br />in Book--- _-_ of
<br />Page
<br />and possession of said premises now delivered unto said Trustee;
<br />TQ HAVE AND TO HQLD the same, with all rights, privileges, and appurtenances thereto belonging unto the Trustee,
<br />his executers, admintstrators, holes, and assigns foreseer. And the Trustor hereby expregsly w-oyes, 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 pan thermf, which is gsven by or results froth all laws of the State of Nebraska percaining to the exemption of
<br />homestead. And the Trustorooveaanu with the?rtrstee that he vrilirforcvcr warrant and defend the title ~a the same against the
<br />lawful claims of all persons whomsoever.
<br />IN TRUST' HOWEVER, for the following descrbed purposes: WHEREAS, the Trustor did nn this date execute a
<br />Promissory Nutc evidencing a loan for the pnlteipal amount of 5__,_._-_--?LT.~DU~...C~ __ and interest thereon
<br />according to the terms of said Promissory Notes said'Promissvty Note fixing,payable ;n monthky installments at such place as
<br />the Beneficiary may designate in writing fram4 time to time Notwithstanding any prevision contained herein or in said
<br />Promissory Note to [he contrary, if net sooner`paid, all suros due and ~wtngunderthe terms of said Promissory Note :;hall be
<br />paid vn or before --__cTr_lr,~r,~,a~~y~ . --- - _-
<br />It is agreed by and. between the parties hereto that until filing of Notice of Default, the Trustor Shall (1) pay ail present
<br />and furore taxes and assessments, general andspeciaf, against said propertyhefare the samebecomes delinquent or actionable;
<br />I'2) keep all improvements erected on the land insured as may be required from time to time by beneficiary against loss ny fire
<br />and other hazards, casualties and centingencics• In wch amounts and for such periods as are raasonable and may be required
<br />by beneficiary, and to keep alt policies of such insurance in force or effect upon the property herein described constantly.
<br />assigned and de6cered to beneficiary, 13! pat and comply wirh all of the terms and conditions of any lien, claim or
<br />indebtedness that may be senior tv yr take precedence tc this Trust Deed as soon as any such paymen[ 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 pay off such liens yr claims or indebtednesi as the case may be, and the money so expended together, thereon
<br />as provided by the terms of [he aforementioned Promisson~ 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 shalt become immediately due and
<br />payable at the option of ttu benefician; (3) spccificalh confec upon the Trustee the power of sale as provided in Nebraska law;
<br />(S) retain possession of the premises and cvllcet the rents and revenues therefrom.
<br />Upon payment of afl the sum, secured by this Trust Deed, the 13ene6ciary shalt request the Trustee to recom~ey the
<br />properly and shag surrender [his Trust Deed and all notes evidencing indebtedness secured by this Trust Deed to the Trust; .
<br />Trustee shat! recorvey the property without warranty to the person or persons legally entitled thereto; but if default be made in
<br />the payment ot's.ud note or any part thereof or cry of the interest thereon :vhee due or in the faithful performance of any er
<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 shat] remain in force; the Trustee ar his attorney may proceed to sell the propetxy in its entirety or in parcels at the
<br />option oi, the Trustee heteinbefure described at pubilc auction, to [he highest bidder, foe cash. F-low~yer, t}te ppw-e( of sale
<br />herein conferred upon the Trustee shall nut be exercised until i f) the Trustee shall fi7st file fur:rtcoed; in the,vffice of the
<br />register of deeds of each county wherein the .r~ir. pronerry nr ~nmr Hari nr n ~Ni th~i to ra"siti.ia7rrt, a'n'~`fiee bf riPf>t~tr
<br />identifying the Trustee by stating the names of the T:wtor and names therein and giving the book and page ~.vhere the same is
<br />recorded, a description of the mist property, and cooauing z statement that a bs,acr of as obligation for whk': ;he trust
<br />property. was ecnveyed as security has occurred, anti setting forth the nature of such breach and of his elecion to sell yr -gust
<br />to be sold such property ro ratisfc the obligation; and (_j attar the Lapse of no: less [ha^ one month, .he Trustee shalt give
<br />notice of safe as provided by Nebraska law. After notice of default and larse of no: less than one month, the TYustec shalt give
<br />written notice vF the time and place of sale parilco':arh° descr,bing the prof~ertq to be ; Hid by publication of ;urh satire, at least
<br />fis'dtimes, once a wool for.frve consecutioe weeks ti,c last pubs:catic,n to hg at least. 70 days but not more than 3{)days pnor to
<br />the sate, in sonic newspaper having a gene i' circulation in en f t ~;.~~~ty ~n :vh;ch the prnpe •o b:- sold, ar s~~me part rhereei,
<br />is situatec!_ l:~pon such sale, the Truste. shall cx~u.~ a.rd t•cii.er:: ce~1 ~. ~am~c}arce ::: the proprr_y s,,ld to the ~ urchaur ,.
<br />purchasers thert~f and at:y ;ta[ement c+r .e;itat o fact in st~c`t Mead ;n c:uc+or. t,: the etrr~ise o' the p„rer r~i ~~lc .~nd,a!e n~
<br />the property' described thcrrir ..nif,rcir,~ r ,-tales t t.,~..;.:,, ar.y maituty;, pce;~:_.~el 6tive a, a yu~L~ait~r < i t u - ~.~„ c(
<br />default. :. ny. mailing and the p,,tncatior. ..nd p~+-tit :; tt:-,[tc .. .a i._•. ._, ti: ~t< vu vu ._: c-k, -..~, -; ~t t,,: tai t ~l v.±mntu;u
<br />prima fade eti~idenoe , r;u~it eariplian~~ -ind.onav.av, rv9~ __<_ i-~ ._ .. `ati-or > non, . ~~ ~„r:-~c~,~.-. ., t:i ~ ,,~n,h:;tu._:r9
<br />.ji valet and Fa;th,:~t r~.'ice , _.~<;,, _,etd ai, <3,-~;, t~ .. c ..~ , _, r;, a,<:. ~ ~ c.., : cl r..iv, t-: ,,t»t, the
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