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I" TRUST DEED 88-101454 THIS DEED OF TRUST. made and entered into this 22nd day of r-1arch ,19~ by and between James Oqden and Geraldine Oqden, , Trustor. <IndFirst American Title Insurance Co . Trustee. Husband and Wife as Joint Tenants with Rights of Survivorship and Not as Tenants in Common andSecurity Pacific Financial Services of Im-lq.Bencficiary: Inc WITNESSETH: That the Trustor dol'S by these presents grant. bargain and sell. convey and confirm with Power of Sale unto the Trustee the following described Real Estate including all buildings, improvements. and fixtures of every kind now or hereafter erected or placed on the real estate. situated in Hall County. in the State of Nebmska: Lot 6, Block 7, George Loans subdivision to city of Grand Island, Hall county, Nebraska. and possession of said premises is now delivered unto said Trustee: TO HAVE AND TO HOLD the same, with all rights. privileges. and appurtenances thereto belonging unto the Trustee. his executors. administrators. heirs, and assigns forever. And the Trustor hereb) e\pressl) waives. releases. and relinquishes unto the Trustee all right. title, claim. interest. benefit. and estate whatever, in and to the above-described premises and each and every part thereof. which is given by or results from aU laws of the State of ~ebr..lska pertaining to the exemption of homestead. And the Trustor covenants with the Trustee that he will forever warrant and defend Ihe title to the same againsl the lawful claims of all persons \\'homsoe\'ec IN TRUST HOWEVER. for the t<.1l1nwlllg described purposes: Tn sel'ure full and prompt performance of all the terms and condi- tions of that D Revolving Loan Agreement nf even date herewith (includlllg particularly. but not exclusively. prompt payment of all sums which are or may become payahle from tllllC to time thereunder! and any extensions. renewals. modifications or refinancings thereof. which Revolving Loan Agreement ob\lgates Beneficiary. subject to the conditions stated therein. to advance to Trustor lip to S , plus linance and other charges. (Or) ~ Note of even date herewith. in the principal sum of L'S S 6412.83 payable in monthly installments of principal and interest. with the balance of the mdebledness. If not sooner paid. due and payable on March 28 , 19~. Ii is agreed by and between parties hereto that until liling of Notice of Default. Ihe Trustor shall: ( I ) pay all present and future taxes and assessments, geneml and special. against said property before the same hecomes delinquent or actionable: (2) keep all improve- ments erected on the land JI1sured as maj be reqlllfed from time to time by bendicmry against loss by fire and other hazards. casualties and contingencies. in such amounts and I'm such periods as are reasonable and Illay be required by beneficiary. and to keep all policies of such insurance in force or effect UpOIl (he properly herein described constantly assigned and deli\ered to beneficiary; (3) pay and comply with all the lerms and condllloll' of all)' lIell. daim or indebtedness that may be senior to or take precedence over this Trust Deed as soon as any such paymel1l Oil l1r <,i" 'ouch lien. claim or indebtedness shall become due: and upon failure of Trustor to keep any said agreements. beneficiary ma) pay 'll\:h tax. pay I<.)r such insumnce or pay olT such liens or claims or indebtedness as the case may be. and the mOne)' so expended. \\ IIh IIltl're~t al 9'\. per annum. shall be secured by this Trust Deed. and the Trustor agrees to repay the same upon demand, and upon 1;lIlun: 10 do ~o Ihe halalll'e of the attached no Ie shall become immediately due and payable at the option of the beneficiary: (4) specllil:,t1I) n>nh:r upon the Trustee the power of sale as pRwided in Nebraska law: (5) retain possession of the premises and collect the rents and n:WIllI~" therefrom. L Upon payment of all the sums sel'ured by tlm Trust Deed, the Beneficiary shall request the Trustee to reconvey the property and shall surrender this Trust Deed and all notes evidem:lI1g iIldebtedness secured by this Trust Deed to the Trustor. Trustee shall recollvey the property withoul warral1ty to the rerson or persons legally entitled thereto: but if default be made in the payment of "aid nole or any part thereof or any of the interest Iherwll \\ hen due or in the faithful performance of any or either of said agreements a" aforesaid. then the whole of said note shall becl'llle due ami be paid as hereinafter provided. and this deed shall remain in t<.1rce: the Trustee or his attorney may proceed to sell the property in Its entirety or in parcels .It the option of the Trustee hereinbcli.ne desnihetl at pllblic auction, to the highest bidder. for cash, HmH'vcr. the power of sale herein conferred upon the Trustee shall not he exerl'lscd IInul ( I ) Ihe Trustee shall first file for record, in the office of the register of deeds of each county wherein the trust prorl'ft) or ..~'me pari or parcel thereof is situated. a notice of default identifying the Trustee by stating the names of the Trustor and names Ih~'reill amI ginng the book and page where the same is recorded. a description of the trust property. and cOlllallling a statement that a hre:lch <II an <'hh!!atinn for which the trust property was corn'eyed as security has occurred, and setting forth the nature of such hreach and nf III, l.'ICl'lInn to sell or cause to be sold such property to satisfy the obligation: and (2) after the lapse of not less than one 1I10mh. Ilw Irmtcl' ,hall ~1\"C notice of sale as provided by Nebraska law. After notice of default and lapse of not less than one month. lhe '1 ruslee ,hall I:!i\';,~ wnllell notice of the time and place of sale particularh' describing the property to be sold by publication of such notllT. ,II 1e."1 flH' tlllle', once II week for five consecutive weeks, the last publication 10 be al least 10 days but not more than 30 da), Pfll'! tn Ilw ',alt:. III "'Ill~' newspaper having iI general circulation in each coullly in which the property to be sold. or sOllle part therl'of. i, 'IlUall'sale, Ihe T rustec shall execute and deliver a deed of I:onveyance l,f the property sold to the purchaser l'r pureha,c!' llll'r<'pl ,Illd .lilY statement or recital of fact in such deed in relation to the exercise of the power of sale and sale of the property describnllhl'll'llI. 1I1dlldlllg reciI;lI~ concernIng all) malllllg.. pe.....onal delivery and publication of Ihe lll)lice of default. any mailinl! .\11<1 (he pllbl;LIIIPII .llhl !,,'..llIlg or nolter of sale. alllllhc Cllllduct of ..ale; ami such recital shall constitute pnma facr~' l.'Vllk,Kl' <,I' 'lKh complli\l1l'c alld "'lldll"IH' t'\ "kiln' thereof III 1',1\")( llf hOlla fide purchasl'r~ and elll:umbl1lnccrs for ""llIc and WlthOlll nnlll'e, Th~' hll'll'l'" d"'l.'d ,h,111 PI'l'lal~' h' (<'Il\C\ ;'(111('11)161 'If OnlGlNAL