201104269 - Laserfiche WebLink

Browse

"� �� - - A � � �� N �� � � �� - �� - - � � � �� �� � � � .� "�I � W � � P o- � p � � � � � � r ` �9 �O ..� �� � � � � � � Z Q ff1 ;;' � .1■ _ � �� DEED OF TRUST STATE OF NEBRASKA COUNTY OF HALL s� A r r� r �, c� ,- c �. � �� m �' _-. � � �� � r� � o {� _�: j � O S_` f 'rl � 1'+1 Q C+) � n � � � rn � � � � �� C'� (/� d �--1 C A z --i -i m � o o � '.'� z � � � m r � r n. v� � � � � O fU O a--a !� � � N � � 2011042G9 This Desd of Trust, executed �day of May, 201 l, by and between Theodare F. Soukup ("Borrower") and Robert A. Wallace and Mildred M. edallace, husband and wife, ("Lender"). k �� � � rl� THAT WHEREAS, the Lender agrees to ad�ance to �e Borrower the sum of One Huadred Twenty Thousand Dollars ($120,000.00) (the "Loan"), evidence by the Promissory Note {"Note") from tlie Borrower to the Lender, dated the s�ne date as this Deed of'IYust, wlrich together with any amowtrts advanced to protect the security of this Deed of Trust shall be the total amount secwed. AND WHEREAS, it has l�n agreed the Loan will be advanced, subjext to the terms and conditions for repayment and use of the property as set forth in the Note and this Deed of Trus� AND WHEREAS, it has been agreed the Loan shall be secured by the conveyance of the land descn`b�ed in this Deed of Tivst. NOW, THEREFORE, in consideration of the premises and for TEN DOLLARS ($ lO.OQ) paid by die Tn�stee, the receipt of which is hereby acknowledged, the Borrower has bargained and sold by these preseats does bargain, sell and convey unto the Trustee, and the Trustee's heirs, with all heating, plumbing and lighting fixtures-and equipmeut now or hereafter attached to or used in connection with the premises (the "Property"). S�e Eghibit A attached 8ereto and incor�r�ted herein by reference 'T� HAVE AND TO HOLD the Property, with all privileges and �purtenances thereunto belonging to the 'IYustee, the 'lYustee's heirs, sucessors and assigns foreverm upon the trast, terms and conditions and for the uses set forth in the I?e�i of TYust If there shall be azry default in any of the terms, convenents or cond'utons of the Nate, the terms uf which are made a part of this I�ed of Trusst and 'mcor�rate.d by reference, or any failure or neglext to comply to the satisfaction of the Lender with the covenants, terms or conditions contained in this D�ed of Trust, then, and in any such events, if the default is not made good within the time period set out to cure such default, or if none is set out withing tlurty (30) days, the Note shall, at the option of and upon demand of the Lender, ax once become due and payable, and it sball be lawfi�l for and the duty of the Trustee, u�n request of tbe Lender, to sell the Praperty at Public Auction for cash, after having first given such notice of hearings as to then required by law and giving notice of and advertising the time and pl�ce of saale in the manner as may be �en provided by law and upon sale aa�d any resale and upon compliance witi� the law then relating to foreclosure proceedings and obtain findings or leave of court as may be then required by law and giving notice of and advertising the time and place of sale in the manner as may be provided by law, and upon sale and any resale and upon compliance with the law tlien reiating to foreclosure proceedings to convey the title to the purchaser in fee simple. The proceeds of the sale, after the Trustee retains the Trustee's commission, sha11 be applied to the costs of sa1e, the amount due on the Loan and otherwise as required by the tben existing la.w relating to foreclostires. The Borrower d+nes hereby covenant and agrce with the trustee and Lender as follows: