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TRUST DEED ~~„",~}f,)~:~+~!>~
<br />THIS DEED OF TRUST, made and entered into this 13th _ clay of Novetber , 191 _
<br />by-and betweenttonald H. Putscher sad Dorthaa E.Trustor,andFirst American Title Insurance Co; Trustee,
<br />b 1'utether, husband-and wlfe as joint tenants vrith right of survivorship and not as tenants is
<br />and.Postai Savings Company, a Nebraska Corporation, Beneficiary. co>®an.
<br />WITNESSETH: That the Trustor do by these presents grant, bargain and sell, convey and confirm with Power of Sate
<br />unto 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 Hall County, in the State of Nebraska:
<br />All of Lot 4, Block 7, in Dodd and Marshall's Addition to Wood River, Hall
<br />County, Nebraska, excepting the Easterly 16 feet thereof and all of Lot 5,
<br />Block 7, in Dodd sad Marshall's Addition to Wood River, Hall County,
<br />Nebraska, excepting the Westerly 12 feet thereof.
<br />and possession of said premises now delivered unto said Trustee,
<br />TO HAVE AND TO HOLll 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 />ea^h and ; . :; part thee, of. which .s given by ur results Cretn all la::=, of the Sta*.e of Nebraska per*.ainirtg to the exemption
<br />of homestead. And the Trustor convenants with file -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 s
<br />promissory note evidencing a loan for the principal amount of S..__1SL555.52__ ______ _ _____ _ ~____ and interest
<br />thereon according to the temts of the note; said note being payable in eoual monthly installments at the office of the
<br />beneficiary; and final payment being due on_-_ ___-__ November. 18th.. _________________^ , I9 86 ,
<br />It is agreed by and between parties hereto that until tiling of Notice of Default, the Trustor shalt: t t 1 pay all present
<br />and future taxes and assessments, general annd sprci;d, against saki preaperty hr(arr the same hecornes delinquent or
<br />actionable; 121 keep all irnpravrmrnis rrectrel un the land insured as may be required from time to tune icy henetieiary
<br />against toss by fire and other hazards, casualties and can[ingrncies, in such amounts and far such periods as are reasonable
<br />and may be rrtluired by hr?trticiary, and to keep all policies of such insurance in force or effect upon the praperty herein
<br />described constantly a?ssignrd artd delivered to beneficiary, i31 pay ?rid comply with all the terms and conditions of any
<br />lien, claim or indebtedness that rnsy be senior to ar take prrrrdrncr c.Tf this l stet herd as loan as any such payment an ar
<br />o=` stsh 1atrr, ~°iaint err" indebtedness s..all brcarnr due; and up nn failure of ~1`rustar to kRpp a y said agreements, bYnefici»r;'
<br />may pay suer. t»x, pay for such insur:~ncr ar pay off sorb liens ar maims ur ind~bteiinr-;s as-the cast-may hr, and ihr•..
<br />money so expended with interest at 195 per annum shall he srcurrd by this "trust Dred, :md the Truster agrees to repay the
<br />same upon demand, and upon failure to do so the balance of the attached note shall become immediately due and payable
<br />at the option of the beneficiary; (4) specifically confer upon the Trustee the paver of sale as provided in Nebraska law;
<br />t5) retain possession of the premises and collect the rents and revenues therrln>rn.
<br />Upon payment of all the sums secured by this ['rust Used, the Beneficiary shall request the "Truster to reconveyy ihr
<br />property and shalt surrender this Trust I~rd and all notes rvulrnrntg indrbtrdnrss srcurrd by this "Trust Deed to the
<br />Trustor. Trustee shall reconvey the property without warranty to the person or persons legally entitled Ihrrrta; but if
<br />default he made in the payment of said note or any part thereof ur any of the intrrrst lhrreon when due ar in Ihr faithful
<br />performance. of any or either of said agrrentrnts as aforesaid, then the whole ul'said note shall become due tmd hr paid as
<br />hereinafter provided, and this deed shall remain in toter; the truster or his attorney ?nay proceed to sell Ihr property in
<br />its entirety ar in parcels at the option of the truster hereinbeforr described at public auction, to the highest bidder, for
<br />cash, However, the power of sale herein conferred upon the trustee shall sat br exorcised until t I 1 the truster shall first
<br />ftte for record, in the ol'flce of the register of deeds of each toasty wherein the trust praperty oe some part or parcel
<br />thtrt~.f is sittttite~,, a r,otiee of default, identifying the trustee by statintt the names of the truster and names therein and
<br />giving the hook and page where the satnr i rrcarsird, a drscriptiun at ihr trust pruprrty, attd arrttainirtg a statement that
<br />a breach of an obligation for which the trust pruprrty was conveyed as security bus occurred, ;utd setting furlh the nature
<br />a# such breach and of his election to sell or cause to he sold such property to satisfy the abhgatian; and i~ 1 alter the lapse
<br />of not Irss than one month, the trustee shall give notice of sale as provided by Nebraska law,. After notice of default and
<br />lapse of not less than one month, the truster shall give written suttee: al the time and place of sale particularly descributg
<br />the property to be sold by pubhcatian al such m,rticr, at least tia~r times, utter a week for five ronserutiv°r weeks, the I:rit
<br />publication to be at bast 10 days but nut mare titan i0 days prior to the sale, in some newspaper having a general
<br />circulation in euelt county in which the property to br said, ur some part thereuC, is situated. Upon wrh sale, the truster
<br />email execute and deliver a deed of cuuveyancr of the pruprrty sold to the ptJy~~;}~,i and any
<br />statement ar recital al fact in stub Geed in r, lattan to the excreter of the puw~r ~if satecsta#ri.~i~i~lt~hr n~ rty described
<br />Tart ~w. n.,,, -. _. ... _.
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