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TRF7ST REED
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<br />THIS' I'3EED C}F'TI2US'I,', made and entered inter tltts~.,,...; 21st__,,,_,,; :day o,L_1?ecemb+er __ I<)74_:
<br />by and between ,Trustor, and rptt-snwwuar gl T_ ASjD nun mT~rt F rh5 _ , Trustee,
<br />HUSABAND ARID kTIFE COMPANY
<br />and Pos[al 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 aU buildings, improvements, and fixtures of every kind now
<br />or hereafter erected or placed on the real estate, situated in HALL County, in the State of Nebraska:
<br />Lots 2 and 4 Block 11, University Place in addifiion to city of Grand Island,
<br />Hall County.
<br />and possession of said premises now delivered unto said Trustee;
<br />TO EiAVE AND TO HOLD the same, with all rights, privileges, and appurtenances thereto belonging unto the Trustee,
<br />his exzcutats, administrators, heirs, and assig»s forever. 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
<br />each and every part thereof, which is given by or results from alt laws of the State of Nebraska pertaining to the exemption
<br />oChamestead. And the Trustor convenants with the Trustee that he wilt forever warrant and defend the title to the same
<br />against the lawful claims of all persons whomsoever.
<br />IN TRliST HOWEVER, for the following described purposes: WHEREAS, the Trustor did as this date execute a
<br />promissory note evidencing a loan for the principal amount of S 5999-57 ____~~_.- and interest
<br />thereon according to the terms of the note; said note being payable in equal monthly installments at the aftice of the
<br />beneficiary: and final payment being due on-~ December 27, _1988 __. "___,__^„___,_.__.,___ , t9_._.__~.
<br />It is agreed by and between parties hereto that until tiling of Notice of Default, the Trustor sltalL (I j pay all present
<br />and future taxes and assessments, tznerat and special, against said properfy before the same becomes delingtrint or
<br />actionable: t' i keep ail improvements erected on the land instrrzd as may he required from ttmr to time by benifciary~
<br />against loss by fire and other hazards, casualties and contingencie+, in such amounts and far such pitiods as are reasonable
<br />and may be required by henet`s: iary, and to keep alt policies of such insurance in force car effect upon the property herein
<br />- dr5cribcd ~an~t3tt[!V assumed andtlelivrred to beneficiary. t~1 pay and iatitply with all Ihz trtYtl+ and i;c'~ttditlotl5 of an}:
<br />Lien, i:iaim or indebtedness that may be senior to or take prereden4r of this "Crust deed as soon :ts any such payment vn or
<br />= of such lien, ciaint or indebtedness shalt became due; and upon failure of i'rustor to keep any said agreements, binettciar}°
<br />may- pay such titx, pa}° Elie sitctt insurance ar pay ati such hens yr claims fir utdehtettttess as the case Tray bc~ aced Efts.
<br />money sa expended with interest a[ 9'r• per annum shat! hr secured by this Trust Deed, and the `Crustor sgrecs to spay the
<br />same upon demand, and upon failure to do so the balance of the attached carte shall become hnmediaeily due and payable
<br />at the option of the binrticiary; (4) specifically confer upon the Trustee the power of sale as provictrd in \ibraska taw;
<br />tS }retain possession of the premises and collect the rents and revenues therefrom.
<br />Upon payment of all the sums secured by this °Crust L)eod, the Gene-firian~ shall request the Tnrstrr to rrconvey the
<br />property and sha-1 surrender this Trust Deed and all notes evdencing indebtrclnrss srcurid by dus "Trust Lard ro ttu'
<br />Trustee. Tnustee ,hall reconvey the property without warrant}' to the person or persons legally entitizd thereto; but rf
<br />drfaalt he made in the payment of said ttutr ar any part thereof ar any of the interest thereon when due or in the faithful
<br />perforntanee of any or tither of said agreements as aforesaid, then the whale of said note shall breams due and br paid as
<br />hrreinat`ter provided, and this died shall remain in tnrce; the trustee ar his attorney may proceed to szll the property in
<br />its entirety ar in parR.els at the option of the truster hireinbefore described at public auction, to the highest bidder, for
<br />cash. However, the power of soli herein cant'erred upon the trustee shall not he exercised until t 1 1 the trustee shalt tlrst
<br />file. for reerrrd; in the ofttce of tltr register of deeds of each county wherein-the trust property ar same part or patcrl
<br />tlrrreaf is situated, a notice of default, identifying the tnrstei by stating the names of the tntstor and nanlcs therein and
<br />giving the hook and page where the same is recorded, a drscriptian of the trust praprrty, and containing a statement that
<br />a breach of an obligation for which the trust property was conveyed as security hats occurred, and sitting forth the nature
<br />of such breach and of his election to seA or cause to be sold such property to astisfy the obligation; and (21 after the lapse
<br />of not less than one month, the trustee- shall give notice of sale as provided by Nebraska law, After native of default and
<br />(apse of not less than one month, the tntstee shall give written notice of the liens and place of sate particutarty describing
<br />-the ptnperty to be sold by publication of such notice, at least five times, once a week far five consecutive weeks, t hi last
<br />publication to be at least 1Q days but not mare than 30 days prior to the Bali, in some newspaper having a general
<br />circulation in each county in which the property to be sold, or some part thereof', is situated. Upon such sale, the. trustee
<br />shall execute and deliver a deed of conveyance of the properfy sold to the purchaser or purchasers thereat' and any
<br />statement or recital of fact in such deed in relation to the exercise of the power of Bali and sale of the property described
<br />264 t IN E i ~... ,M,.~
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