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<br /> O <br /> m <br /> ■ C n_ ti : A C~y <br /> 1,T1 Z! <br /> 47 <br /> B ti t11 N c7 ` !U G t CD 0 <br /> CA tp <br /> 1 <br /> ~ ~ ~ ! I ~7 A F77 cz) C}? <br /> (0 <br /> MINEENEEM NA a <br /> -1 <br /> co Z <br /> a O <br /> + NOTICE OF DEFAULT AND ELECTION TO SELL <br /> S <br /> NOTICE IS HEREBY GIVEN of the default of Joel B. Shafer and Marcey A. Shafer, So <br /> husband and wife, (hereinafter referred to as "Trustor") under a Construction Deed of <br /> Trust dated December 21, 2005 in which Geneva State Bank is named as Beneficiary and <br /> Trustee, and filed for record on December 23, 2005 as Instrument #200512548 in the <br /> <br /> records of the Register of Deeds in and for Hall County, Nebraska. <br /> <br /> The Property of the Trust is described as follows: <br /> All of Block Five (5), Ponderosa Lake Estates Subdivision in <br /> the City of Grand Island, Hall County, Nebraska (the "Trust <br /> Property"). <br /> <br /> NOTICE IS FURTHER GIVEN THAT an Event of Default under the promissory note <br /> <br /> for which the above Trust Property was conveyed as security has occurred, the nature <br /> <br /> of such Event of Default being more particularly described as follows: failure to make the <br /> regularly scheduled monthly payments under the promissory notes secured by the <br /> <br /> construction deed of trust; breach by Trustor under the terms of other agreements <br /> <br /> between Trustor and Trustee. <br /> <br /> NOTICE IS FURTHER GIVEN that by reason of such Event of Default under the <br /> <br /> promissory note, the Beneficiary has elected to sell or cause to be sold the Trust Property <br /> to satisfy the Indebtedness under the promissory note. <br /> <br /> Dated this 24t1i day of August, 2010. <br /> <br /> GENEVA STATE BANK, Trustee <br /> <br /> By: CLINE, WILLIAMS, WRIGHT, <br /> JOHNSON & OLDFATHER, LLP <br /> Attorneys at Law <br /> 233 South 13" Street <br /> 1900 U.S. Bank Building <br /> Lincoln, NE 68508 <br /> (402) 474-69 <br /> <br /> By: <br /> 4eK-6121= <br /> Ric and P, Garden, Jr. # 17685 <br /> STATE OF NEBRASKA ) <br /> ss. <br /> COUNTY OF LANCASTER ) <br /> The foregoing instrument was acknowledged before me on this ~ day of August, <br /> 2010 by Richard P. Garden, Jr., one of the attorneys for the Trustee. <br /> <br /> III GENERAL. NOTARY State of Nebraska <br /> DIANE M. HILGER Notary Public <br /> M Comm. Exp. Dec. 30, 2012 <br /> 1272012,1 <br />