|
~~~~~fl TRUST DEED
<br />•~'~,~`4~ ws
<br />THIS DEED OF TRUST, made and entered into this _3lst _ day of_. October __. , ; 9 79___
<br />DAVID ~WERS AND COMMONWEALTH LAND_AIerD_TITI,E_INS$ Trustee,
<br />by. and between nraczrsre s.+z•ng ~,~ .~ __, Tnrator, and
<br />-t.~•~~~~-~~~ , ~ ~Y COMPANY
<br />WIFE
<br />and Postal Finance Company, a Nebraska Corporation. I3cneficiary.
<br />WITNESSETH: That the Trustor do ht these prevents grant, bargain and sell, Conte} and confirm with Pot,er of Sale
<br />r+ :.o t}te Trustee the following described heal Evtate including alt huitdings, impratentents. and tittures of evert kind stair
<br />or her:after enacted or placed on the real estata, vir;atid in F:A.LL Counts, in th•: Mate ~,t \ehra~l^
<br />A21 of Lot 5, Block E, Morris 5th Addition
<br />and pcasasiian of said premises new dalitered unto :aid Trustee:
<br />TO HA\'E A\D TO HOLD the ar°te,„iih all rigl±t_,. pmileges, and appurtinancev thereto hrlonging ante the irttstee,
<br />his axevtors, admitristt-atorr. heirs, and sargns fereter..\nd the Truvtar hereh} exprevsl} waiter, releases. and relinquishes
<br />unto the Trttstea all ri¢ht, title, claint_ interest, benefit, and estate whatever. in and to rite ahot,-described premises and
<br />each and ecen part thereof, which is given by or results from al] laws of the State .~i Neh;.tska per[aining to the esemntion
<br />of hamestead..~nd the Trastar cantenanu w ith the Trustee that hi wilt toretcr xarrant and defand tha titic to the same
<br />against tltt lawful clai.ts of all parsars w homso:tar.
<br />E~ TRLiST HO'~E\~ER, for zhe following described pumoses: \I HERE:\J. the 'rnzstor dial on this dot: execute a
<br />pmrnissorv' not: etidancine a ]non fur the r..^.~i al amount ~+t S _._^ and intarast
<br />}' ' P ~- ~+-- ---- ---- -
<br />thzreon ac~orsdink to the teens of the note: said note being payable in equal monthh instaPunents at the attice of tha
<br />txnafici-an•:and final ga}-ment hemp due on _Nove~+er 5. --.-___-- .----- _ , 1A__gt~_.
<br />It is age by and hetweer, pania+ harete t;+at unlil tiling of Notice of Lkiauh, tha Truvtar shat]: t} i pay all present
<br />a^.d {orate taxas :.ttd assessments, gancrai and spacial, against said propert}' h: fore the same be.omrs delin.-luent ar
<br />actionah}e, i't keep all impn,te„t:nt. crested ~,n the land insurad a;, ma<= be required ir~,rt: rim, ro time by henatician
<br />against Ioss isr fire and ath;r hua:ds, casualties and centingencias. in Hach amounts and for such -nods as are reasanahIe
<br />end may ha rrquu>~ h} hen.,;ci3n~. and so keep all policiev of su.h insurance in farce ur : firer urn the praparfip heroin
<br />det;crihed constant]}' assign:d and dalicereu to 't+eratiiian'. 1? t ra} and camp]. with ail the firms anti conditions of any
<br />Tien. claim ar indebtadness that may be senior to ar take prece3ence of Lhis Trust Iliad as soar. ~ an}' su:lt payment an as
<br />rri stt:h iizn. Maim or indeht~;n~ss ;-hall he.am: du:; and upon :allure of Trustor *.o keep any :aid :rsreIntent., henetictan°
<br />nlay` pay ,.t,~r tax, pat fur ,u~?; inaurane or pa}• off sash lien: rr ~a,m, ca; andeht~dne ss he ,.ant r?ray b.. and the
<br />mono} sn er;panded with ir.tererz st +:.'; per annum s*aall he saiured h}-this Trost Deed. and the 7iuster agrees [c+ rapa}• [he
<br />same upon demand, and upon fai}ura to da ie7 the balance of the attached n.+t~• shall he.omc irnnaediacel~ dirt and payable
<br />at tl:c option of the bcneficiar} . aT ~ spe.ifieally ;onfar upa,n the Trustee tT=e p.~H er of ,ale as prodded to tiehraska taw:
<br />I5 1 retain passe ion of the premises and : olk; t the rents and net utues thrrefrana
<br />L?pon z+a}me*it of aL' :,'te sun,> ,.,_...d ht flit. {r•.rst Lk rd, the )3enci;~t.+r} c±+.al rrt3utat the Tn„tee to rrcor~tr} the
<br />property grad shall surrender ihim Tn;.,t Inc.? :tnu all a.te. e+rdin:~ra~ tn.:ri^[_dn:s, ,e+~nred !,; tttis Lnt=t Deed to the
<br />T~tstaa. Trt25taa shall ream:} the pra;xrt> ~aahout wassnt} tom, the pu%.n or person. irealh entuled theriLr hu? i(
<br />default t*e mfr in Lhe payma^:i of said Hate ar ` r ,mart there:: or an} of the interest thereon wren due or an the f>:thful
<br />performance of any ar either of said agreements as aforesaid, then the whale of sa[d Hate shall become due and be paid a;
<br />hereinafter pratidrd, and this draw shall ramair.:n terc~, ahe trustee ar his atuerrtey may proceed to sell the property in
<br />its etr~r~ty cr ir, parczls ai ~rz option of t;`r_° u;=ze~ Iter.irtbefare desc^bed at },uhlic auctiar., to the higltaat balder, for
<br />caslz_ l;;arrevYr, the power of sate herein conferred upon the teas*.ea shat] net be exercised until ; i l the trustee nhail tics[
<br />file far recnrd, in the affsx tai ttta register of deeds of each county w=heron the trust property ar same part or parcat
<br />thetxof is sitrtstsd, a notice ai default, identif} rug the tnrstee by -stating the names of the trustor and names thee-tin and
<br />givdttg the book and page where the same v racardad, a dascriptian ot" the trust property, and containing a statement that
<br />a bneaclt of art obligation tar which the retest proper[} was Conte} ed as security has o.curred. and setting forth the nature
<br />of sum hrtach anti ~ 23s al~ticm to sell tsr cage to be sold such property= to sari y the vhligatian; and I'_ 1 after the lal+se
<br />of not less than otte month, the tru~ee shall give notice of sale as protide~ h}• Nebraska law. Alter notice of detauh and
<br />)gpse. of Hat irss that[ one month.. tha truster shall give written noti~~a of the time and place ..+f .}ale particularly describ[ng
<br />the ptttperty io be sold by publieatian of such notice, at least Gve times, once a week for five consecutive week;, the Iasi
<br />p»blisatitxt to l~ at least l(3 days tr+a*. not rttare than 3tl days prior to tha sale, in same newspaper patine a genet-tt
<br />circulation in etch .,ounty in which the property to be sold, or some part thereof, is situated. Upon such sale, the trustee
<br />shall exe~tte and deliver a deed of con*-~yttnce of the prapert} sold to the purchaser or purchasers thereot and any
<br />statement or re~'ital of feat in such deed in relation to the exercise of the power of sak and ;ale of the propert} described
<br />259 t tr;E 7 ,.,.
<br />
|