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<br />TRUST DEED
<br />87-- ~~c~o~ss
<br />THIS DE$f"f OP TRUST, made amt entered into this 29th___-__ day of_ tan+~=rc,~.__ _ , 19_$L_
<br />by and between )fd1iTYB +~ HAl?F,__.Sl~2plttstor, and Firet• ~+ iron Title nWf,tanru ,Trustee,
<br />T2115BARL All W1Fir Ca~asny
<br />and Postal f'inartee Comgany, a Nebraska Corporation, $enefifiiary.
<br />WTTNESSETH: That the Trustor do by these presents grant, bargain and sell, convey and confirm with Power of Sale
<br />ante the Trustee the following described Real Estate including all buildings, improvements, and fixtures of every kind now
<br />or hereafter erected or placed on the real estate, situated in Eiall County, iri [he State of Nebraska:
<br />Lot Five (5), Block Three (3), 7n John Gt. Latrdtert's Addition to the City
<br />of Grand Yslaad, 1ts11 Cotmtp, 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 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 part thereof, which is given by or results from all laws of the State of Nebraska pertaining to the exemption
<br />o~r homestead. A~*td 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 'Trustor did on this date execute a
<br />promissory note evidencing a loan far the principal amount of 5 c~~i-rT-s~c ___ _-.._ _ and interest
<br />thereon according to the terms of the note: said note being payable in eoual monthly installments at the office of the
<br />beneficiary; and final payment being due on Fphr,.ar,. ~_ t4a5 ___ ___._______ _.. 12s
<br />It is agreed by and between patties hereto that until sling of Notice of Default, the Trustor sha31: (1) pay all present
<br />and future taxes and assessments, general and special. against said property before the carne becomes delinquent or
<br />actionable; (2} k?eg all improvements erected on the land insured as may he required from time to time by beneficiary
<br />against loss by fire and other hazards, casualties and caniingencies, in such amounts and for such periods as are reasonable
<br />and may be required by beneficiary. and to keep ail policies of such insurance ir, force or effect upon the property taerein
<br />described constantly assigned and deliverer to beneficiary, (~) pay and comply with all the terms and conditions of any
<br />lien, claim or indebtedness that may be senior to ar take precetleace 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 Trustor to keep any said agreements, beneficiary
<br />may pay such tax, pay far such insurance or pay off suet[ [fens or claims or indebtedness as the case may be, and the
<br />money sa expended with interest at q<< per anmun shall be secured by this "frost Deed, and the Trustor agrees to repay the
<br />carne upon demand, and upon failure to do so the balance o€ the attached note shall become immediately due and payable
<br />at the option of the bene.5ciary; (4J specificaiiy confer upon the Trustee the power of sale as provided in Nebraska law;
<br />{5 } retain possession of the prentlses and collect the rents and revenues therefrom.
<br />Upon payment of all the sums secured by this 'T'rust Deed, the Beneficiary shalt request the Trustee to reconvey the
<br />property and shall surrender this Tntst Deed and all notes evidencing indebtedness secured by this Trust lleed to the
<br />Trustee. Trustee shall recanvey the property without warranty to the person or persons IeLrally entitled thereto; but if
<br />default be made is the payment of said note or gray part thereat or any of the interest thereon when due ar in the faithful
<br />performance of any or either of said agreements as aforesaid, [hart the whore of said note shall become due and be paid as
<br />hereinafter grov~ed, and this deed shall remain in force: the trustee or his attorney may proceed to sell the property in
<br />isffi ontir~ty or in parcels at the'ogtion ref°tt~ trustee hereinbcfore described at pubiic auction, to the highest bidder, for
<br />carJ•t. However, the power of sale herein conferred upon the trustee shall not be exercised until (1 }the trustee-shall first
<br />fi~ f~ :__or'~°-; i*: '?:o of::~ ; .r tt:a rzgistzr at' dz~s of each c snty w,h4rvin thz trust p=roperty or some part or paroel
<br />titoraof is sittat€ed; ~ notice a€ 4efault, identifying the trustee by stating the names of the truster and names therein and
<br />giving tree book and page where the same is recordrd, a description of the trust property, and a:onEeining a "statement that
<br />a breach o#' an otsligation far which the trust property was conveyed as security has occurred, and setting forth the nature
<br />of tuclt breach atrd_ of his elec#ion to se}l t>r cause to be sold such property to satisfy the obligation; and (2) after the lapse
<br />of not than. ane mvttTli, Ilia trustex shall give notice of sale as gmvided by Nebraska law. After native of default and
<br />of sat ltd theft Date month, the trustee shall give written notice of the ame and place of sale particularly describing
<br />[rte- pccrperky to he sold kty publication of such notice, at least five times, once a week for tiv;~ :rnsecutive weeks, the last
<br />publ~atirtn tt~ be at feast lU day_a but not mart than 3G days prior to the sale, in some newspaper having a mineral
<br />C€rs'~atlon fit. a axruniy in wlsiclt the property to be said, or same part thereof, is situated. Upon such sate, the trustee
<br />~kialt eatectrtt~ and deliYSar a deed of conveyance of the property said to the pure-baser or purchasers thereof and any
<br />tint cx t~citaT of foes- to h deed in relation to the exarcisr of the power of sale and safe of the property described
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