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<br /> n <br /> _ N m U7 <br /> <br /> N > CH rn + M~ <br /> f7 NA C)c <br /> 7C _ ca Cb -TI ;Z7 V7 <br /> 00 cu Cn <br /> d] r m ' L7 r- 70 <br /> Q --i <br /> 4~6 C7 =3 r- X~ CAD ~J <br /> N m ► (f) rn <br /> <br /> N <br /> NOTICE OF DEFAULT AND ELECTION TO SELL <br /> NOTICE IS HEREBY GIVEN of the default of Shafer Properties, LLC (hereinafter ~00 <br /> referred to as "Trustor") under a Deed of Trust dated Decerber 11, 2003 in which Geneva <br /> <br /> State Bank is named as Beneficiary and Trustee, and filed for record on December 18, 2003 <br /> <br /> as Instrument #200316179 in the records of the Register of Deeds in and for Hall County, <br /> Nebraska. <br /> <br /> The Property of the Trust is described as follows: <br /> <br /> Lot Five (5), Mehring and Kelly Subdivision, to the City of Grand <br /> Island, Hall County, Nebraska (the "Trust 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 pay the promissory <br /> <br /> notes, loan number 128984 and loan number 128985 upon maturity. <br /> <br /> NOTICE IS FURTHER GIUFN-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 <br /> <br /> to satisfy the Indebtedness under the promissory note. <br /> <br /> Dated this 28`h 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 8508 <br /> 0 <br /> <br /> By: <br /> (4Xcha-.~P.-G-ff <br /> <br /> ST <br /> ATE OF NEBRASKA ) <br /> ss. <br /> COUNTY OF LANCASTER ) <br /> The foregoing instrument was acknowledged before me on this day of October, <br /> 2009 by Richard P. Garden, Jr., one of the attorneys for the Trustee. <br /> <br /> <br /> GENERAL NOTARY-Slate of Nebraska <br /> II DORENE CASEY Notary. Public <br /> MY ARpt• Exp. Feb. 1. 2013 <br /> <br /> <br /> <br /> <br /> 1078026.1 <br />