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<br />TRUST DEED g,2 --.~ ~ i 1;, _( •# ; '
<br />THIS DEED OF TRUST, made and entered into this 24 day of Nove r , 19~_
<br />by and betweenRENNETH A. RIF4IINAU AND JOAN I ' f, and Title Insurance Company of Minq~p~e,
<br />8trsband and Hife ` '
<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 Real Estate including all buildings, improvements, and fixtures of every kind now or
<br />hereafter erected or placed on the real estate, situated in Hall County, in [he State of Nebraska
<br />Property known as: Lot Two (2), Block Seventeen (17), Bonnie Brae Addition to Grand Island,
<br />Hall County, Nebraska.
<br />Filed for Record at _.M.
<br />in Book of
<br />Page
<br />and possession of said premises now delivered umo said Trustee:
<br />TO HAVE AND TO HOLD the same, with a!1 rights, pns ileges, and appurtenances thereto belonging unto the Trustee,
<br />his executors, administrators, heirs, and assigns forover. 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 pan thereof, which is gisen h}' or rrsuhs frvm all laws of the State of Nebraska pertaining to the exemption of
<br />homestead. And the Trustor cosenams w ith 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 HO\\'E\'ER, fnr the follow mg descnhed purpases: \\'HERFAS, the Trustor did on this date execute a
<br />Promissory Note evtdencing a Ivan for the principal amoum of 8544fi_fi4 and interest thereon
<br />according tv the terms of said Promtssory Nute; ,aid Pmmisson Nare being Dayable m monthly installments at such place as
<br />the Beneficiary may designate in writing from time to time. Nvtwnhstanding an} provision contained herein or in said
<br />Promissory Note to the contrary, if not sooner paid, ail ,ums due and owing under the terms of ,aid Promissory Note shall he
<br />paid on or before _ t 7J~4lR7 _
<br />It is agreed b} and hetwren the parties hereto that until filing of Nonce of Default, the Trustor shall (1) pap ail present
<br />and future taxes and assessments, general and special, against said property hrfvre the same becomes delinquent or actionable;
<br />(2) keep all improvements ttertrd on the land insured as ma} he rrgaired trom time tv nine hp beneficiary against loss by fire
<br />and other hazards, casualties and conungrn:ies, in such amounts and for such penods as are reasonable and may be required
<br />by benefician', and to keep all policies of such insurance in force ur effect upon the properh• herein described constantly
<br />assigned and delivered co benefictary, (3) pay and smply with all of the terms and conditions of any lien, claim or
<br />indebtedness that may be senior to or take prurdence to this Trust Dred as soon as any such payment on such lien, claim or
<br />indebtedness shall become due; and upon failure of Trusror to keep an} said agreemenu, benefician' may pay such tax, pap for
<br />such insurance or pay ofi such liens ur claims or indebtedness as the cast may hr, and the money so expended together, thereon
<br />as provided by the terms of the aforementioned Promissory Note, shall he secured by this Trust peed, and the Trusror agrees
<br />to repay the same upon demand, and upon failure to do so the balance of the attached note shall become immediately due and
<br />payable at the option of the benefician; (J) specificallc confer upon the'Trustee the power of sale as provided in Nebraska law;
<br />(5) retain possession ivi the premises and cullut the rents and revenues therefrom.
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<br />Upon Dayment of all the wins secured by this Trust Dyed, the Beneficiary shall toques[ the Trustee to recom•ey the
<br />property and shall surrender this Trust Decd and all notes evidencing indebtedness secured by this Trust Deed to the Trustor.
<br />Trustee shall ruonvey the propene without warranty to :he person or persons legally entitled thereto; but if default he made in
<br />[he payment of said note yr any part (hereof or any uF the interest thereon when due or in the faithful performance of any or
<br />richer of said agreements as aforesaid, then the whole of said note shall become due and be paid as hereinafter provided, and
<br />this decd shall remain in force; the Trustee or his attorney may' proceed to ,ell the property' in its eniiretc or in parcels at the
<br />option of the Trustee hereinbrfore described at public auction, to the highest bidder, for cash. However, the power of sale
<br />httein conferred upon the Trusttt shall not be exercised until (I) the Trustee shall first file for record, 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 Trtrstee by stating the names of the Trustor and names therein and giving the book and page where the same is
<br />resordcd, a description of the trust propetty, and containing a statement that a breach of an obligation for which the trust
<br />property was conveyed as seturitp has vcrurred, and setting forth the nature of such hreach and of his elution to sell or cause
<br />to be sold such property to satisfy the obligation; and (2) after the lapse of nut less than one month, the truster shall glee
<br />notice of sale as provided by Nebraska taw. After notice of defauh and Lapse of not less than one munch, the Truster shall give y
<br />wntten notice of the flint and ptacc of sale pnrticularly describing the property to be sold M puhiicauon of such notice, at least tIG
<br />foe times, once: week for five consecutive works, the last pubhcation to brat (cast !0 days but not more than }Q days prior to ~
<br />the sak, in come newspaper having a general eirvvlauvn m each.euunty in which the property to be saki, or some part ihrreot, giyi
<br />is.xttuatcd. tSDon such sale, the Truster shall txuutc and deflect a deed of conveyanir of the proprn) sold to the purchaser yr ~
<br />pu+rhasen the€eof and any vtatcmem or recital of fact m such decd in relauun to the exercise of the power ul salt and sale of
<br />the property deuait±td thereof. includiog [rcnak avncrr n:ng app malting, prrsoaa; drhvcrv and puhlicauon of the Wooer svl
<br />dcfavit, any matting and the pubircanun and pusotrg of nonce of sale, and the ., n +.., t „f sale; and .ugh coital vhall :ien,trtutr
<br />Drtnra facia rvtdera-e vi' such ccsmplian.r and concluseve rvidrncr iherrat m i.,. '^.ma !rdr pu:;ha,rts and rncumhran:cn
<br />n! latµe and w~uhout notrt r. 7hr T'r usfrr'. deed shalt oprr s.c t,. convey ttr ;?x ~.h;t,rr, wr,hout rrKht ,~I trdem pui~ir, ;tic 1
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