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TRUST DEED ®~ TiiIS DEED OF TRUST, made and entered into this 2?*+~ day of February 19 80 by and between ETHE}rBROSS xFVaxar ~~ Trustor, and COt~PtOtVWSSt •rtt t aw-n non? mrmr 1: rnrcrma'i4„ACtee, CARL RSZABEK, Husband and Wife and Postal Finance Company, a Nebraska Corporation, Beneficiary. WITNESSETFi: That the Tnustor do by these presents grant, bargain and sell, convey and confirm with Power of Sale unto the Trustee the following described Real Estate including all buildings, improvements, and tixtures of every kind now or hereafter erected or placed on the real estate, situated in BALL County, in the State of Nebraska: The Northerly Fiftp-Sin and Tiro Ttlirds Feet of the Easterly Six Feet of Lot Seven and the Noztherly Fifty-Sin and Ttao Thirds Feet of Lot Eight (8), Block One Hundred Twenty- Seven (127) Koenig and Wiebe's Addition to Lhe city of Grand Island, Hall County, Nebraska and potssessian of said pr°mises Haw delivered unto said Trustee: TO IiAti E AND TO FiOLD the same, with ail right;, pr-m•Heges, and appurtenances thereto belonging unto [he Trustee, his executors, administrators, heirs, and assi>;rls forever. And the Trustor hereby expressh' walt•es, releases, and relinquishes unto the Trustee all t>„rht, title, .lain?. interest, hrneitt, and estate whatever, in and to the ai?ove-described premise and resit and every pare thercaf. which is given by ar results fn?m all laws of the State of'~ehraska prttaining to the exemption of homestead. Artd the Truster ct?m=tnants with the Trustee thaw he will ialrver uarrsnt and defend the title to the same against the lawful claims of ail pelv'?ns whomsoever. IN TRd.?ST HOYtt'EVER, far the fallowing described purposes ~HERE,AS. the Tnlsu~r did on this dart rtircute a promissory Wort evidencing a lean for the principal amount of ~ggg~------- __ _.._ ____ ..-_ --. __--,-_---.._ and interest thtreur accoading to the terns of the note: said Hate being payable in eoual monti?h mstallnlents at the afhcr of [hr beneFrciary:and final payment beinedue on February ?7, 1989 ___-_ ____. _ , l`_? .~. Ii is agreed by and betty=ern parties hereto that until ftling of !`Drier of Default, the Trustor shall: t 1 t pay all present and future taxes and assesartents, general and special, against said prr?prtty hrt`orr thc~ :amt br.'omrs delinquent or actionable: t'_t keep all improcrments rrrclyd on the land insured as nlay br rraulrrd in:tn tm?r ro urnr by brnefirian against kiss try firt and ether hazards, s asualtirs and :antingrncies, in suctl amounts grid for .ugh ;~_ rods as are rrasenable and may br xtquir~i b1, benefician, and u> keep all policies of sub insurance in far.'e i,r effect upon the property herein desrn7bed constantly assignri and ~rlivrred to beneticiarl, t+t pay and romph uiih all the iern?s and conditions of any Bert, claim ar indebtedness that may br senior to or take precedence of this 'Trust l3rrd a, soon as any such payment on t,r of ~tta'~7 lien. clairrl or indebtedness shall became due: and upon failure of Trustor to keep an> said aLrrrmrnts, hrnefician ;slay pay ~cA toz, pay far su_-h tnsuranfe er pay off su:21 urns ar .lauats or mdet+trdness as the case ma}' he, and the tt~t3ney so espentied with inaetrst at q`" per annum st1aH hr aerated t±v this Trust Drrd_ anti the Trustcsr agree; to repay the same upon demand, and upon failure to da sa the balant~ of the ara~hed note shall l+rt~mr immediately due attd payable at the option i`f the btneftriary: 1.3) specitt:ally confer upi,rr the Trusarr the pt,wrr „f ;ale a. prcnidrd m \rhraska law: (5) stain p'iarr of th ~ premises and collect the trnu and revenues therefrom. Upon paymrnr of ail the sums secured lty this Trust Deed, [he Btnefraan shall request the Tnlstee to reconvey the pert}= rand shall ~rrrttdrr this Trust L3rv+ii and all notes evidencing indebtedness secured ht this Trust Derd to the Trustee. Tn~ee stroll recanvec ihr property witiloul warranty in the person or persons ieeaily entitled thereto; t,ut if deiattlt bt made in the payment of said Harr ar any part thereof ar any of the interest thereon when due or in the faithful perfottrtancx of arty ~ either of said agreements as aforesaid, then the whole of said Harr shall Income due sod br paid as ~r psovitltd, and this dew shall remain in force; the trustee ar his aTtarney may proceed to sell the property in its trrtiuety or ~ patraels at the option of the trustee hereinbtfore described at public auction, to the highest bidder, for t~h_ Iiowevrr, the posers of salt herein conferred upon the trustee shall not be exercised until t 1) the trustee shall first filx for r~trd, in the vf3ice of the regisstrr of r;erds of each county wherein the trust property or some part or parcel theaetaf is situated, a ttcsiicx of default, identifying the truster by staling the names of the trvstor and names therei_,} and gvipg the book and page where the saute a rtcarded, a description of the trust property, and containing a statement that a breach of an obligation for which the tr9tsr property was canveyrd as security has occurred. and setting forth the nature of suelt breadt arai of hs tlection to sell or cause to be sold such property to satisfy the obligation; and (? 1 after the lapse of not kss one month, the iru,-tce shall give native of sale as provided by Nebraska law. After native of default and htp>ze of riot ~ rhea one month, tht trustee shall give written notice of the time and place of sale particularly describing rite p;:t~erty to let sold by pubiit~2ion of sucfi native, ai least five times, once a week for five consecutive weeks, the last patblirabtaa to ire at least 3U days but not more than 30 days prior to the sale, in some newspaper having a general tatxatlatiwr in eaclt county in which rfie property to he sold, ar some part thereof, is situated. Upon such sale, the tnrster shaII execute and deliver a deed of conveyance of the property sold to the purchaser or purchasers thereof and any statement ar rrrital of fact in such deed in -:-,lotion to the exercise of the power of sale and sale of the property described ~di tfit£3 r ~«.-.