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.~ TT;;usr DEED THIS DEED OF TRUST, made and entered into this 2&tb day of Jnlg , i9.$ff= - by and betwsertGus Salvors and Karen Sere Salvos., Trustor, and Gor'~ _~ rh rind sad ~rt~ Ti+merz Husband and wife ~~ and Postal Finance Company, a Nebraska Corporation, Beneficiary. WTTNESSETH: That the Tractor do by these presents grant, bargain and sell, convey and. confirm. with Fower afBate - unto the Tmstee the Following described Real Estate including all buildings, improvements, and fixtures of every kind now ` yr hereafter erected or placed on the real estate, situated in Hall Cvunty,m "the State of Nsizraska: ,_ - l:ot Fifteen (15), Block Ono (1), Dale Roush Second Subdivision, situated in part of the. East Half of the Southwest Quarter (E'~STi'~) of Section 14, Towns[r3g lI_ Rsnge _ IO S7est: of the 6th P.M. , Hall %ounty, Nebraska. .,_ and possession of said premises now delivered unto said Trustee; TO HAVE AND TO HOLD the same, with all rights, privileges, and appurtenances thereto belonging unto the. Trustee, his executors, administrators, heirs, and assigns forever. And the Tmstor hereby expressly waives, releases, and relinquishes unto the Trustee all right, title, claim, interest, benefit, and estate whatever, in and to the above-described premises and each and every part thereof, which is given by or results from all laws of the State of Nebraska pertaining to the exemption of homestead. And the Tmstor convenants with the Trustee that he will forever warrant and defend the title to the-same against the lawful claims of all persons whomsoever. IN TRUST HOWEVER, for the following described purposes: WHEREAS, the Trustor did on this date execute a promissory note evidencing a loan for the principal amount of S bgao 7~ and interest thereon according to the terms of the note: said note being payable in euual monthly installments at the office oI the beneficiary; and final payment being due on Su13LZ9, lags -_ , I~_ It is agreed by and between parties hereto that until iiiing of Notice of Default, the Tntstor shaft: t i) pay aiI present --d future taxes and assessments, aer.eral :;rid special. against said troperty b~fcre the same becomes delinquent ar actionable; t?i keep all improvements erected on the land insured as :nay he required from time to time by beneficiary against toss by fue and other hazards, casualties and contingencies, in such amounts and for such periods as are reasonable and may be required by beneficiary, and to keep all policies of such insurance in force er effect upvn the property herein described constantly assigned and delivered to beneticiary, (3) pay and comply with all the terms and conditions of any lien, claim or indebtedness that may he senior to or take precedence of this Trust Deed as soon as any such payment on or of such lien, claim or indebtedness shall become due; and upon faihue of Trustor to keep env said agreements, beneticiary may pay such tax, pay for such insurance or pay off such Liens or claims or indebtedness as [}te case may be. and the money so expended wish interest at 4~z~ per annum shall be secured by this Trust Deed, and the Trustor agrees to repay the same upon demand, and upon failure to do so the balance of the attached note shall become immediately due and payable. at the option of the beneficiary; (4) specifically confer upon the Trustee the power vl sale as provided in Nebraska law; (5) retain possession of the premises and collect the rents and revenues therefrom. Upon payment of all the sums secured by this Trust Deed, the Beneficiary shall request the Trustee to reconvey the property and shall surrender this 'T'rust Deed and all notes evidenchtg indebtedness secured by this Trust Deed to the Tmstee. Trustee shall reconvey the property without warranty to the person or persons legally entitled thereto; but it default be made in the payment of said note or any part thereof or any of the interest thereon when due or in the faithful performance of any or either of said agreements as aforesaid, then the whore of said note shall become due and be paid as hereinafter provided, and this deed shall remain in force; the trustee or his attorney may proceed to sell the property in its entirety or in parcels at the option of the tmstee hereinbefore described at public auction, to the highest bidder, for cash. However, the power of sale herein conferred upon the trustee shall not he exercised until (i) the trustee shall first file for reeord,in the office of the register of deeds of each county wherein the trust property or some part or parcel thereof is situated, a notice of default, identifying the tmstee by stating the names of the tmstor' and names therein and giving the book and page where the same is recorded, a description of the trust prvperty. and containing a statement that a breach of an obligation for which the tmst property was com~eyed as security has occurred, and setting Corth the name of such breach and of his election to sell or cause to be sold such property to satisfy the obligation; and t?) after the lapse of not less than one month, the trustee shall give notice of sale as provided by Nebraska law. after notice of default and lapse of not less than one month, the tmstee shall give written notice of the time and place of sale particularly describing the property to be sold by publication of such notice, at least five times, once a week for flue consecutive weeks, the last publication to be at least 10 days but not more than 30 days prior to the sale, in some newspaper having a general circulation in each county in which the property to be sold, or some part thereof, is situated. Upon such sale, the trustee shall execute and deliver a deed of conveyance of the property sold to the purchaser or purchasers thereof and any statement or recital of fact in such deed in relation to the exercise of the power of sale and sale of the property describe.i 264! (NE) ,n.. ~a,K~