A power of sale may be conferred upon the trustee which the trustee may exercise and under which the trust property may be sold in the manner provided in the Nebraska Trust Deeds Act after a breach of an obligation for which the trust property is conveyed as security, or at the option of the beneficiary a trust deed may be foreclosed in the manner provided by law for the foreclosure of mortgages on real property. The power of sale shall be expressly provided for in the trust deed.
Neb. Rev. Stat. § 76-1005
Power of sale conferred on trustee
Applied in 5 court decisions — leading case PSB Credit Services, Inc. v. Rich (1997)
Most recently applied in David Anderson v. Bank of the West (January 2022)
Laws 1965, c. 451, § 5, p. 1426; Laws 1984, LB 679, § 19; Laws 1993, LB 547, § 2.
How often courts cite this section
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Official source: Nebraska Legislature. Reproduced from public-domain Nebraska statutes; confirm against the official source for the current text. Not legal advice.