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r <br />TRUST DEED <br />~0-=Q04591 <br />THIS DEED OF TRUST, made and entered into this 26th day of Auttuat , i9 Bb <br />by and between~l~ D• Olaon and Virginia A.02~Ars[or, andr at.TH LA6•D AND TETLE INS.CUI'ntstee, <br />Husband and Wife <br />and Postal Finance Company, a Nebraska Corporation, Beneficiary. <br />W[TNESSETH: That the Trustor do by these presents grant, bargain and sell, convey and confirm with Power a€,Sate <br />unto the Trustee the following described Real Estate including all buildings, improvements, and futures of every kind now <br />or hereafter erected or placed on the real estate, situated in Ball County, in the State of Nebraska: <br />Lot Four (4) in Block 1tro (2}, Westroads Estates Second Subdivision, Ball County, Nebraska; <br />and possession of said premises now delivered unto said Trustee: <br />TO HAVE AND TO HOiD the same, with all rights, privileges, and appurtenances thereto belonging unto the Trustee, <br />his executors, administrators, heirs, and assigns 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 pazt thereof, which is given by or results from al] laws of the State of Nebraska pertaining to the exemption <br />of homestead, And the Trustor convenants with the Tnrstee that he will forever warrant and defend the title to the same <br />against the lawful claims of all persons whomsoever. <br />IN TRUST HOWEVER. for the following described purposes: WHEREAS. the Trustor did on this date execute a <br />promissory note evidencing a loan for the principal amount of 56949 57 --.----- --- -.-- and interest <br />thereon according to the terms of the note; said note being payable in eoual monthly installments aE the office of the <br />beneficiary: and final payment being dur on September 2~ ]Q8 „_-______ _ , 1~__. <br />his agreed by and between parties hereto that rmtil filing of Notice ni' Default. [hr TTU<tor shall: t I 1 pay ail present <br />and future taxes and assessments, general and special, against said l+ropcrrty before the satnc becomes driinq ucrrt i,r <br />actionable: (~) keep ail improvrtnrnis erected vn the land insured as [flay P,+r required from [ims= t~ titre h}= laenehci;;r;= <br />against loss by fire and other hazards, casualties and con[ingene:ies, in such ammounts and for su~M t,erucla as err ;easonshlr <br />and may he required by beneficiary, and [o keep all policies of such insurance in force or effect upon the property herein <br />described constantly assigned and delivered to henrticiary, tat psy and comply with all the terms and ronduions of any <br />lien, claim or indebtedness that may be senior to or take precedence of this "Crust Deed as soon as any such payment on or <br />of such lien, Maim or indebtedness shall become due; and upon failure o(~Crustor to keep any said agrrrntents, beneficiary <br />ntay pay such tax, pay for such insurance or pay off such liens or claims er indebtedness as the case may hr. and the <br />money so expended with interest at y'/ per annum shalt be secured ny th+s Crust Deed, and the fnutor agrees to repay Cite <br />same upon demand, and upon failure to do so the balance of the attached note shall become inmteduuely dur and payable <br />at the option of the. beneficiary; (dl specifically confer upon the Ttustrr the power +,f sale as provided ut tiehraska law; <br />(5} retain possession of the premises xnd collect the rents and revenues lherrfrom. <br />Upon payment of all the sums secured by this Trust Decd, the Benrfiriary shall request [he Truster to rrronvey ihr <br />property and shall surrender this Trust Deed and all notes evidencing indebtedness secured by this I-rust Deed to Qre <br />Trustee. Trustee shall recwrey the property without warranty to the person or persona legally entitled thereto; but it <br />default be made in [he payment of said note or any part thereof or :my of the interest thereon when dur or in the laithful <br />performance of any or either nl' said agreements as aforesaid, then [he whole of said note altall became due and be paid as <br />hereinafter provided, and this deed shat! remain in force; dte truster or his attoruey may precred to sell the property in <br />its entirety or ht parcels at ihr nl>tion of the trustee hrrrinbefore described a[ public auction, a, the Int~i~~~.[ t,iddu, ic,r <br />cash. However, the power of sale herein coni'erred upon the truster shall not be exercised unnl t I) the inunx >iudi tint <br />file for record, in the office of the register of deeds of each county wherein the trust property or some part or parrrl <br />thereof is situated, a notice of default, identifying the trustee ny stating the ^ames of the trus[or and names thrmtn uncl <br />giving the book and page where the same is recorded, a description of the truss property, and containing a statement +~.at <br />a breach of alt obligation for which the trust property was co+tveyed as security has occurred, and setting forth the nature <br />of such preach and of his election to sell or cause to be sold auch property to sausfy the obligation: and t] 1 alter the lapsct <br />of not less than one month, the trustee shall give notice of sale as provided by Nebraska law. After noha• of drtat+lt and <br />lapse of not less than ape rnrntth, the trustee shall give written notice of the time and place of sale particularly desrrihing <br />the property to be sold by publication of such notice, at least five ames, on r a week for tier runsrcutivr wr<°k,, the last <br />publication to he at least 10 days but not more than 30 days prior to [he side, in super newspaper having a general <br />circulation in each county in which the property to be sold, or some part thereof, is situated. Upon sorb .ale, Ute trustee <br />sitali execute and deliver a deed of conveyance of the property sold to tl~te purchaser nr purciu+sc+~ thereof and any <br />statement or recital of fact in such deed in relation to the exercise of the power of sale and sale of ti+e property descnhe~i <br />16A1 INE) ~_ ~. ~, <br />