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<br />88-
<br />
<br />106469
<br />
<br />DEED OF TRUST
<br />
<br />(Short Form)
<br />
<br />,
<br />.,
<br />KNOW ALL MEN BY THESE PRESENTS: that Richard G. & Javne A. Decker
<br />Husband and Wife , hereinafter referred to as the
<br />"Trustor" I to secure a Note bearing even date herewith for the
<br />principal aJl'.ount of Four Thousand Three Hundred Eighty One and 35/100----
<br />Dollars ($ 4,381.35 ) payable to the order of GRAND ISLAND
<br />FINANCE COMP~rr, hereinafter referred to as the "Beneficiary",
<br />providing for payment of the entire ~rincipal balance, together
<br />with interest at the rate of 15.90 percent (15.%) per annum,
<br />in monthly installments of One Hundred Twenty Thret" and Ninety Four Cents
<br />Dollars ($ 123.94 ) each until November 25 , 1992, at
<br />,mich time all principal and interest provided for by this Note
<br />shall have been paid, do hereby grant and convey unto AREND R.
<br />BAACK, Attorney at Law, the "Trustee", the following-described
<br />property:
<br />Lot Five (5), in Block liB" in Parkview Subdivision located in the
<br />Northeast Quarter (NE 1/4) of SEction Twenty Nine (29) and the
<br />Northwest Quarter of Section Twe:1ty Eight (28), in Township
<br />Eleven (11) North Range Nine (9) Hest of the 6th P.M., in Hall
<br />County, NebTaska
<br />
<br />TO HAVE AND TO HOLD the same, together with all appurte-
<br />nances, in trust nevertheless r and in case of default in the
<br />payment of said Note or any part thereof or interest thereon or
<br />in the performance of any covenant hereinafter set forth, then
<br />the Trustee shall have the power to sell the above-described
<br />property, and upon request of the Beneficiary, the Trustee shall
<br />file for record in the Register of Deeds' Office of Hall
<br />County, Nebraska, a Notice of Default, setting forth ~
<br />breach of an obligation, for which the said property was conveyed
<br />as security, has occurred, and setting forth the nature of such
<br />breach and the Trustee's election to sell the property to satisfy
<br />the obligation; and after the lapse of not less than one (1)
<br />month, the Trustee shall give written notice of the time and
<br />place of sale which may be between 9:00 a.m. and 5:00 p.m. at the
<br />premises, or at the Hall County Courthouse, and particularly
<br />describing the property to be sold; said Notice to be published
<br />in a newspaper of a general circulation in ~ County,
<br />Nebraska, once a week for five (5) consecutive weeks, the last
<br />publication to be at least ten (10) days but not more than thirty
<br />(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
<br />manner provided by law in effect at the time of filing said
<br />Notice, and public auction to the highest bidder for cash and
<br />shall deliver to such purchaser a deed to the property sold,
<br />consistent with the law in effect at that time. Additionally,
<br />Trustee shall mail Trustor a copy of any Notice of Default and
<br />Notice of Sale hereunder upon default addressed to them at
<br />2018 Pioneer Blvd. , Grand Inland, NebraB~a Out of the proceedSOf
<br />sa1d sale, the Trustee shall retain and pay first all fees,
<br />charges and costs of sale and all monies advanced in the exercise
<br />of the power of sale, including the payment of the Trustee's fees
<br />actually incurred, and pay second the obligations secured by this
<br />Deed of Trust; and the balance, if any, shall be paid to the
<br />person or persons legally entitled thereto. Any person,
<br />including the Beneficiary, may purchase said property at such
<br />sale.
<br />
<br />The Trustor covenants that at the time of delivery of these
<br />presents, they are seized of said property in fee simple, and
<br />that said property is free of encumbrances, except encumbrances,
<br />easements, rights-af-way, restrictions and reservations of
<br />record, and they will properly maintain the property, keep all
<br />buildings insured for fire and extended coverage in an amount
<br />equal to the unpaid balance of the aforesaid Note, with loss
<br />
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