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<br />TRUST DEED
<br />HO'-- l~~~~63
<br />THiS DEED OF TRUST, made and entered into this 6th day of October , jq 80
<br />by and between Serame K S 77 nd Patr c K ,Trustor, and Ajr t { T't7 na r n -q:I'rustee,
<br />Selle, husband and wife, as point tenants with right of servivorehip and not as tenants in common.
<br />and Postal Savings 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 Reat Estate including all buildings, improvements, and fixtures of every kind now
<br />or hereafter erected or placed on the real estate, situated in Hall County, in [he State of Nebraska:
<br />Lot Eighteen (18), Meadow Lane Third Subdivision, Hall County, Nebraska.
<br />and possession of said premises now delivered unto said Trustee;
<br />TO HAVE AND TO HOLD the same, with all rights, privileges. and appurtenances thereto belonging Canto the Trustee,
<br />his executors, administrators, heiss, and assigns forever. And the 'I'ntstor 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 all laws of the State of Nebraska perkaining to Fhe exemption
<br />of homestead. And the Trustor convenants with the Trustee 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 'fnsstor did on this date execute a
<br />promissory note evidencing a loan for the principal amount of S.__~? _'tn4.75 ___________________ and interest
<br />thereon according to the terms of the note; said note being payable ht euual monthly installments at the office of the
<br />6eneticiary: and final payment being due on. __ __ October 10th, _______ __, „ ._____ __._ , 19 ~!p _ .
<br />ft is agreed by and between parties hereto that until tiling of Nut'icr of Detntdt, the'i'rustur Sha1L t 11 pay alt present
<br />and future Grxe~s and assessments, generaE attd special, ;against said property br,t2Dre the same tzecomes delinquent ur
<br />actionable: (=) kcxp ail improvements erected un the land inst.reci as may h~• required from time to ti.*tIC i7} betu~ticiar},
<br />against loss by Jirr and other hazards, casualties and contingencies, in such amounts snot for such periods ss see reasonable
<br />and may be required by beneficiary, and to keep all policies of such insurance in force or effect upon the property herein
<br />described constantly assigned and delivered to beneficiary, 13) I+ay and comply with all [he terms and conditions of any
<br />lien, claim or indebtedness that may be senior to or take precedence of this Trust Deed as soon as any such payment on or
<br />of such lien, claim or indebtedness shall become due; and upon failure of Tntstor to keep any said agreements, henrtsciarv
<br />may pay such tax, pay for such insurance or pay off such liens or Maims or indebtedness as•the case may he, art the
<br />money so expended with interest at 19''r per annum shall be secured by [his Trust Deed, and the Trustor agrees to rep,y~ the
<br />same upon demand, and upon failure io do so the balance of the attached note shall become immediately due and p:tkabte
<br />at the Option of the beneficiary: (4) specifically confer upon the `T'rustee the power of sale as Frovided in Nebraska law;
<br />(S) retain possession of [he premises and collect the rents and revenues therefrom. "
<br />Upon payment of all tim sums secured by this 'I~ntst Deed, the F3uateticiary stall request t_hc Truster ro recunvey the
<br />property and sitttll surrender this Trust Deed and alt notes evidencing indebtedness secured b} this Tru,,t Derd to the
<br />Trustee. Tntstee shall reconvey the property without warranty to the person or persons le~ly entitled thereto, but if
<br />default be made in [he payment of said note or any par[ thereof or any of the interest thereon when due or in the Gtitlttid
<br />perfortttance of any or either of said agreements as aforesaid, then the whole of said nutc• shall become slur and be patd ~.
<br />hercina'fter provided, and this deed shall contain in force, tJtc trustee ur his atrontzy may proceed to sell the property in
<br />its entiq'aty or in parcels at the option of the trustee hereinhe['ore described at public auction, k> the highest bidder, Inc
<br />cash. fiowever, the power of sale herein conferred upon the trustee shall not be rxerciseJ until I l) the trustee shall tint
<br />the for record, in the office of the register of deeds of each county wherein the [rust property or some part or patrol
<br />thereofi is situated, a notice of default, identifying the trustee by stating the names of the trustor and names therein :end
<br />giving the book and page where the same is recorded, a description of the [rust property, and containing a statement that
<br />s breach of an obligation for which the trust property was convep~ed as security has occurred, and setting forth the nature
<br />of such breach and of his election iu sell or cause is be sold such property to satisfy the obligation; and 1 _') after the leper
<br />of not less than one month, the trustee shall give notice of sale as provided by Nebraska law. Mier notice of default and
<br />lapse of not less than one month, the u~ustee shall give written notice of the ante and place ofsak particularly descnhmg
<br />the property to be sold by publication oi' sorb notice, xt least five times, once a week for tivv ronsenmvr works, the la,t
<br />publication [o he at feast 10 days but not more Chen 3(1 days prior to the sale, in wnte newspaper having a general
<br />circulation in each county in which the prupe-rty to he sold, or sonu part thereof, is situated. Upon such +ale. the insatrc
<br />shall execute and deliver a deed of conveyance of the property ,old to the purcha.ar nr purcha~en thereof and :rny
<br />sta[entcnt or recital of tact in such deed m relahnn to the exercise of the power of sale and sale of the pn~pcrty dearnhc d
<br />281 ~ o.~o
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