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<br /> <br /> N NO rn (A 4=0 C-3 CD <br /> <br /> 4'f e _ CA, r~~ c r i ~ m <br /> P, rn R N n CD 3:1, <br /> CD X N) Cn <br /> (S) CD <br /> 00 <br /> a) :eu CO <br /> F~ 71 <br /> CID <br /> a , <br /> NO ry <br /> 200908641 <br /> NOTICE OF DEFAULT AND ELECTION TO SELL y~ <br /> S <br /> NOTICE IS HEREBY GIVEN of the default of Joel B. Shafer and Marcey A. Shafer, <br /> husband and wife, (hereinafter referred to as -rrustor") under a Construction Deed of Trust <br /> dated December 21, 2005 in which Geneva State Bank is named as Beneficiary and Trustee, <br /> and filed for record on December 23, 2005 as Instrument #200512548 in the records of the <br /> <br /> Register of Deeds in and for Hall County, Nebraska. <br /> The Property of the Trust is described as follows: <br /> <br /> All of Block Five (5), Ponderosa Lake Estates Subdivision in the <br /> City of Grand Island, Hall County, Nebraska (the "Trust <br /> Property"). <br /> <br /> NOTICE IS FURTHER GIVEN THAT an Event of Default under the promissory note for <br /> which the above Trust Property was conveyed as security has occurred, the nature of such <br /> <br /> Event of Default being more particularly described as follows: failure to make the regularly <br /> <br /> scheduled monthly payments under the promissory note secured by the construction deed <br /> <br /> of trust; failure to pay 2008 real estate taxes prior to delinquency; breach by Trustor under <br /> the terms of other agreements between Trustor and Trustee. <br /> <br /> NOTICE IS FURTHER GIVEN that by reason of such Event of Default under the <br /> <br /> promissory note, the Beneficiary has elected to sell or cause to be sold the Trust Property to <br /> <br /> satisfy the Indebtedness under the promissory note. <br /> <br /> Dated this 28t`' day of October, 2009. <br /> GENEVA STATE BANK, Trustee <br /> <br /> By: CLINE, WILLIAMS, WRIGHT, <br /> JOHNSON & OLDFATHER, LLP <br /> Attorneys at Law <br /> 233 South 13th Street <br /> 1900 U.S. Bank Building <br /> Lincoln, NE 68508 <br /> (402) 474-6 0 <br /> <br /> By: <br /> R'char P. Garden, r. #17685 <br /> <br /> STATE OF NEBRASKA ) <br /> ss. <br /> COUNTY OF LANCASTER ) <br /> The foregoing instrument was acknowledged before me on thiV&day of October, <br /> 2009 by Richard P. Garden, Jr., one of the attorneys for the Trustee. <br /> <br /> <br /> GENERAL NptARY State of Nebraska <br /> 111 DORENE CASEY Notary Public <br /> My Appt. Exp. Feb. t, 2013 <br /> <br /> 1077906.1 <br />