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<br />'CRUST DEED 89_ 4000108
<br />THIS DEED OF TRUST, made and entered into this 16th day of June , 1 q 89
<br />by and between Paul R. E ors and Vicki L. Liters Insured Titles Inc. Trustee.
<br />Joint Tenants as Husband and Wife 'Trustor. and _
<br />and Security Pacific Financial Services of 141la Aiciary;
<br />WITNESSETH: That the Trustor does by these presents grant, bargain and sell, convey and confirm with Power of Sale unto the
<br />Tirtutee the following described Real Estate including all buildings, improvements, and fixtures of every kind now or hereafter erected or
<br />Owed on the real estate, situated in Hall County, in the State of Nebraska:
<br />The Nest 56.6 Feet of Lot 7 and • the Last 4 ft, of Lot 6 all in 810 bk 1,
<br />Neaterhoff's let Subdivision in the City of Grand Islandit gall Cbunty,
<br />Nebraska.
<br />and possession of said premises is now delivered unto said Trustee,
<br />TO HAVE AND TO HOLD the same, with all rights, privileges, and , purtenattm.thereto belonging unto the Trustee, his executors,
<br />administrators, heirs, and assigns forever. And the Trustor hereby expressly writes; ¢elea�es� and relinquishes unto the Trustee all right,
<br />title. claim, interest, benefit, and estate whatever, in and to the above - described premises and -each 4nA every part thereof. *1116 is given
<br />by or results from all laws of the State of Nebraska pertaining to the exemption of homaestead.:,4nd the Trustor covenants with the Trustee
<br />that he will forever warrant and defend the title to the same against the lawful claims of all persons whomsoever.
<br />IN TRUST HOWEVER, for the following described purposes: To secure full and prompt performance of all the term's and condi-
<br />tions of that
<br />-LJ - Revolving Loan Agreement of even date herewith (including y'- of _ exclusively. p .pt payment of all sums.
<br />ng particularl .but not
<br />i which are or may become payable from time to time thereunder) and any extensions. renewals, modificatipn or refinancing thereof, '
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<br />which Revolving Loan Agreement obligates Beneficiary, subject to the conditions stated therein, to advance to Trustor up to
<br />plus finance and other charges. (or)
<br />© Note of even date herewith, in the principal sum of U.S. $ 8923.34 payable in monthly insfallmentiof principal
<br />and interest, with the balance of the indebtedness, if not sooner paid, due and payable on June 21 19 94
<br />It is agreed by and between parties hereto that until filing of Notice of Default, the Trustor shall: (1) pay all present and future
<br />taxes and assessments. general and special. against said property before the same becomes delinquent or actionable; (2) keep all improve-
<br />ments erected on the land insured as may be required from time to time 'by beneficiary: against loss by fire and other hazards. casualties
<br />and contingencies, in such amounts and for such periods as are reasonable and may be required icy beneficiary, and to keep. all policies
<br />of such insurance in force. or effect upon the property herein described constantly assigned and delivered to beneficiary; f3) pay and
<br />Comply with al):theiltetrrrrs and conditions of any lien, claim or indebtedness that may be senior to or take precedence over this Trust
<br />Deed as sdbar.as arty such payment on or of such lien, claim or indebtedness shall become due; and upon failure of Trustor to keep
<br />any said agreements. ben.efrciary may pay such tax, pay for such insurance or pay off such liens or claims or indebtedness as the case
<br />Jn# be. and the money scaexpended, with interests &L-9% per annum, shalt besecured by this Trust.l3eed. and the Trustor agrees to repay
<br />,the same upon demani a; td upon failure to dot szaithe balance of the atrv*ed note shall become' immediately due and payable at the
<br />option of the beneficiaryc (4) specifically confer -4' o' n the Trustee the pa"er of sale k-provided in Nebraska taw; (5) retain possession
<br />of the premixes and collect the rents;and;revenues therefrom.
<br />Upon payment of all the sums sCMrcd:`,hy,: tliis Trust Deed, the Beneficiary shall request the Trustee to reconvey the property and
<br />sball surrender this Trust Deed and a1:1' :rwo s evidencing indebtedness secured by this Trust Deed to the Trustor. Trustee shall reconvey
<br />the property without warranty to the: person or persons legally entitled thereto; but if default be made in the payment of said note or
<br />any part thereof or any of the interest thereon When due or in the faithful performance of any or either of said agreements as aforesaid.
<br />then the whole of said note shall become due and be paid as hereinafter provided, and this deed shall remain in force; the Trustee or
<br />his attomey may proceed to sell the property in its entirety or in parcels at the option of the Trustee hereinbefore described at public
<br />auction. to the highest bidder, for cash However, the power of sale herein conferred upon the Trustee shall not be exercised until (1)
<br />the Trustee shall first file for record, in the office of the register of deeds of each county wherein the trust property or sonic part or
<br />parcel thereof is situated, a notice of default, identifying the Trustee by stating the names of the Trustor and names therein and giving
<br />the book and page where the same is recorded. a description of the trust property, and containing a statement that a breach of an obligation
<br />for which the trust property was conveyed as security has occurred, and setting forth the nature of such breach and of his election to
<br />sell or cause to be sold such property to satisfy the obligation; and (2) after the lapse of not less than one month. the Trustee shall give
<br />notice of sale as provided by Nebraska law. After notice of default and lapse of not less than one month. the Trustee shall give written
<br />notice of the time and place of sale particularly describing the property to be sold by publication of such notice, at least five times.
<br />once a week for five consecutive weeks. the last publication to be at least 10 days but not more than 30 days prier a► the sale. in some
<br />newspaper having a genenl circulation in each county in which the property to be sold. or some part thereof is situated. Upon such
<br />sale, the Trustee shall execute and deliver a deed of conveyance of tine property sold to the purchaser or parcha�.crs there4if .itid any
<br />statement or recital of fact in such decd in relation to the excrcise of the power of s tle and sale of the property described therein. mcluding
<br />recitals concerning any mailing. personal delivery and 00lication of the notice of default, any matting and the publicatuut .rid
<br />of notice of sale, and the conduct of sale; and such recital shall constitute prima facie et idcnce cif tiuch compliance and ctmclimw C% idence
<br />thereof in favor of bona tide purchasers and encunibrancers for value and without notice. 'fhe lrustcc'% decd shall opecttc t(i c�m,r%
<br />29110-0281 NE
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