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DEEb OF TRUST 89-- 103933
<br />(Short Form)
<br />1 KNOW ALL MEN BY THESE PRESENTS: that Richard V. Mendyk and Annette
<br />M. Mendyk, husband and wife , hereinafter referred to as the "Trustor ", to
<br />secure a Note bearin even date herewith for the principal amount of Forty three
<br />thousand scorn vaffwaud sixty and 5W1- Dollars ($ 43, 760.50 ) payable
<br />to the order of GRAND ISLAND INVESTMENT COMPANY, hereinafter referred to as the
<br />"Beneficiary ", providing for payment of the entire principal balance, together
<br />With interest at the rate of Thirteen _percent ( 13.0 X) per annum,
<br />in (�7f�jl one installment o orty four t ah usand seven hundred
<br />nine-- Dollars ($44,709. 10 ) giWKlWXM on September 25 , 1989 ,. at
<br />which tim all principal and interest provided for by this Note shall have been paid,
<br />do hereby grant and convey until AREND R. BAACK, Attorney at Law, the "Trustee ",
<br />the following- described property:
<br />Lor.Fifteen (15), in Black Three (3), in Morris.Seeaae4 Addition to the.
<br />i City of Grand Island, Hall Cotait y, Nebraska.
<br />TO HAVE AND TO HOLD the same, together with all appurtenances, in trust -
<br />nevertheless, and in case of default in the payment of said Note or any part
<br />thereof or interest thereon or in the performance of any.covensnt hereinafter i..
<br />set forth, then the Trustee shall have the power to sell the " ibove - described
<br />rrn"Artv__ send. "nnr ranstant nf 010 Renefi_ierv_ the Trs—ljstei& shall _ f-11 for record _ __ --
<br />f in the Register of Deeds' Office of WALL County, Nebraska, a Notice of
<br />Default, setting forth that a breach of an obligation, for which the said property
<br />i vac conveyed L a ecaM _ity, has aaCarrcl, and ovttJ isa i3r«�L si the nature of
<br />such — —
<br />breach and the Trustee's election to sell the property to satisfy the obligation;
<br />and after the lapse of not less than one (1) month,.the Trustee shall give
<br />written notice of the time and place of sale which.may be between 9:00 a.m. and
<br />5:00 p.m. at the premises, or at the WALL County Courthouse, and particularly
<br />describing the property to be sold; said Notice-to be published in a newspaper of
<br />a general circulation in WALL County,.-Nebraska, once a week for five (5)
<br />consecutive weeks, the last publication to beat least ten (10) days but not
<br />more than thirty (30) days prior to the sale, and the Trustee shall then sell said
<br />property at the time and place designated in the Notice, in the manner provided
<br />by law In-effect at the time of filing said Notice, and public auction to the
<br />highest bidder for cash and shall deliver to such purchases a deed to the property
<br />sold, consistent with the law in effect at that time. Additionally, Trustee shall
<br />mail Trustor a copy of any Notice of Default and Notice of sale hereunder 'f
<br />upon deface -"t addressed to them at 216 E TS, Grand Island, NE' Out of the
<br />proceeds' said sale, the Trustee shall retain and pay first all fees, charges
<br />and costs' of sale and all monies advanced in the exercise of the power'of sale,
<br />Iux4udigg the payment of the Trustee's fees actually incurred, and pay'. second
<br />the obligations secured by this Deed of Trust; and the balance, if any, shall be
<br />paid to'tBe person or .persons legally entitled thereto. Any person, including the
<br />Beneficiary, may purchase said property at such sale.
<br />The trustor covenants that at the time of delivery of these presents,
<br />they are seised of said property in fee simple, and that said property is free
<br />of encumbrances, except encmbrances, easemeii[cs, rights -of -way, restrictions and'
<br />reservations of record, and,;
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