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<br /> • 04-�7-1998 DEED OF TRUST Page 5
<br /> Loan No 702175 (Continued) f�k9S•..1(�3569
<br /> Trust or under the terms of the Note not then repaid,including but not limited to accrued interest and Iate charges, (ii)all other sums then
<br /> secured hereby,and (iii)the remainder,if any,to the person or persons legally entitled thereto.
<br /> (c) Trustee may in the manner provided by law postpone sale of all or any portion of the Property.
<br /> Remedles Not Exclusive. Trustee and Lender,and each of them,shall be entitled to enforce payment and performance of any indebtedness
<br /> or oblige6ons secured by this Deed of Trust and to exercise all rights and powers under this Deed of Trust, under the Note, under any of the
<br /> Ralated Documents, or under any other agreement or any laws now or hereaffer in force; notwithsfanding, some or all of such indebtedness
<br /> and obiigafions secured by this Deed of Trust may now or hereafter be otherwise secured,whether by mortgage, deed of trust, pledge, lien,
<br /> assignment or otherwise. Neither the a�tance of this Deed of Trust nor its enforcement,whether by court action or pursuant to the power of
<br /> sale or oth� powers contained in this Deed of Trust, shall prejudice or in any manner affect Trustee's or Lender's right to realize upon or
<br /> enforce any other securily now or hereaft� held by Trustee or Lender, it being agreed that Trustee and Lender, and each of them, shail be
<br /> entiNed to enforce this Deed of Trust and any other securNy now or hereafter held by Lender or Trustee in such order and manner as they or
<br /> either of them may in their absolute discretion determine. No remedy conferred upon a resserved to Trustee or Lender, is intended to be
<br /> wcclusive of any other remedy in this Deed of Trust or by law provided or permitted,but each shall be cumulaHve and shali be in addition to
<br /> every other remedy given in this Dsed of Trust or now or herea(ter existing at law or in equiiy or by statute. Every power or remedy given by the
<br /> Note w any of the Related Documents to Trustee or Lender or to which either of them may be othervvise entitled, may be exercised,
<br /> concunently or independenfly, from time to time and as often as may be deemed expedient by Trustee or Lender, and either of them may
<br /> pursue inconsistent remedies. Nothing in this Deed of Trust shall be construed as prohibiting Lender from seeking a deficiency judgment
<br /> against the Trustor to the extent such action is permitted by law.
<br /> Request For Notice. Trustor,on behalf of Trustor and Lender, hereby requests that a copy of any Notice of Default and a copy of eny Notice
<br /> of Sele under this Deed of Trust be mailed to them at the addresses set forth in the flrst paragraph of this Deed of Trust.
<br /> Walver; Election of Remedks. A waiver by any party of a breach of a provision of this Deed of Trust shall not constitute a waiver of w
<br /> prejudice the party's rights otherwise to demand strict compliance with that provision w any other provision. Election by Lender to pursue any
<br /> remedy provided in this Deed of Trust,the Note,in any Related Document, or provided by law shall not exclude pursuit of any other remedy,
<br /> and an election to make expenditures or to take action to perform an obligation of Trustor under this Deed of Trust aRer failure of Trustor to
<br /> perform shall not affect Lender's right to declare a default and to exercise any of its remedies.
<br /> Attorneys'Fees; Expenees. If Lender institutes any suit or action to enforce any of the terms of this Deed of Trust,Lender shall be entitled to
<br /> recover such sum as the court may adjudge reasonable as attorneys' fees at trial and on any appeal. Whether or not any court action is
<br /> involved,all reasonable expenses incurred by Lender which in Lender's opinion are necessary at any time for the protection of its interest or the
<br /> enforcement of its rights shall become a part of the Indabtedness payable on demand and shall bear interest at the Note rate from the date of
<br /> expenditure until repaid. Expenses covered by this paragraph include,without limitation, however subject to any limits under applicable law,
<br /> Lender's attorneys' fees whether or not there is a lawsuit, including attorneys' fees for bankruptcy proceedings (including efforts to modify or
<br /> vacate any automatic stay or injunction), appeals and any anticipated post—judgment collection services, the cost of searching records,
<br /> obtaining title repoAs (including foreclosure reports), surveyors' reports, appraisal fees, title insurance, and fees for the Trustee, to the extent
<br /> permitted by applicable law. Trustor also will pay any court costs,in addition to all other sums provided by law.
<br /> Righis of Trustee. Trustee shall have all of the rights and duties of Lender as set forth in this section.
<br /> POWERS AND OBLIGATIONS OF TRUSTEE. The following provisions relating to the powers and obligations of Trustee are part of this Deed of
<br /> Trust.
<br /> Powers of Trustee. In addition to all powers of Trustee arising as a matter of law,Trustee shall have the power to take the following actions
<br /> with respect to the Properfy upon tha written request of Lender and Trustor: (a)join in preparing and filing a map or plat of the Real Property,
<br /> including the dedication of streets or other rights to the public; (b)join in granting any easement or creating any restriction on the Real Property;
<br /> and (c)join in any subordination or other agreement affecting this Deed of Trust or the interest of Lender under this Deed of Trust.
<br /> Trustee. Trustee shall meet all qualifications required for Trustee under appliceble law. In addition to the rights and remedies set forth above,
<br /> with respect to all or any part of the Property,the Trustee shall have the right to foreclose by notice and sale,and Lender shall have the right to
<br /> foreclose by judiciat foreclosure,in eitt�er case in eccordance with and to the full extent provided by applicable law.
<br /> Successor Trustee. Lender,at Lender's option, may from time to time appoint a successor Trustee to any Trustee appointed hereunder by an
<br /> instrument executed and acknowledged by Lender and recorded in the office of the recorder of HALL County, Nebraska. The instrument shall
<br /> contain, in addition to all other matters required by state law, the names of the original Lender, Trustee, and Trustor, the book and page(or
<br /> compuler system reference)where this Deed of Trust is recorded,and the name and address of the successor trustee,and the instrument shall
<br /> be executed and acknowledged by all the beneflciaries under the Deed of Trust or their successors in interest. The successor frustee,without
<br /> conveyance of the Property,shall succeed to all the title,power,and duties confened upon the Trustee in this Deed of Trust and by applicable
<br /> Iaw. This procedure for substitution of trustee shall govern to the exclusion of all other provisions for substitution.
<br /> NOTICES TO TRUSTOR AND OTHER PARTIES. Any notice under this Deed of Trust shall be in writing, may be sent by telefacsimile (unless
<br /> otherwise required by law), and shall be effective when actually delivered, or when deposited with a nationally recognized overnight courier, or, if
<br /> mailed,shall be deemed effective when deposited in the United States mail first class,certified w registered mail,postage prepaid, directed to the
<br /> addresses shown�ear the beginning of this Deed of Trust. Any party may change its address for notices under this Deed of Trust by giving formal
<br /> written notice to the other parties,specirying that the purpose of the notice is to change the party's address. All copies of notices of foreclosure from
<br /> the holder of any lien which has prlority over this Deed of Trust shall be sent to Lender's address,as shown near the beginning of this Deed of Trust.
<br /> For notice purposes,Trustor agrees to keep Lender and Trustee informed at all times of TrustoPs current address.
<br /> MISCELLANEOUS PROV,ISIONS. The following miscellaneous provisions are a pa�t of this Deed of Trust:
<br /> Amendments. This Deed of Trust,together with any Related Documents,constitutes the entire understanding and agreement of the parties as
<br /> to the matters set forth in this Deed of Trust. No alteration of or amendment to this Deed of Trust shall be effective unless given in writing and
<br /> signed by the party or parties sought to be charged or bound by the alteration or amendment.
<br /> Applicable Law. This Deed of Trost has been delivered to Lender and accepted by lender In the State of Nebroska. This Deed of Trost
<br /> shail be govemed by end construed in eccordence with the laws of the State of Nebraska.
<br /> Caption Fleadings. Caption headings in this Deed of Trust are for convenience purposes only and are not to be used to interpref or define the
<br /> provisions of this Deed of Trust.
<br /> Merger. There shall be no merger of the interest or estate created by this Deed of Trust with any other interest or estate in the Property at any
<br /> time held by or for the benefft of Lender irt any capacity,witfiout the written consent of Lender.
<br /> Multiple Partles. All obligations of Trustor under this Deed of Trust shall be joint and several,and all references to Trustor shall mean each and
<br /> every Trusfor. This means that each of the persons signing below is r�ponsible for all obligations in this Deed of Trust.
<br /> Severability. If a court of competent jurisdiction finds any provision of this Deed of Trust to be invalid or unenforceable as to any person or
<br /> circumstance, such finding shall not render that provision invalid or unenforceable as to any other persons or circumstances. If feasible,any
<br /> such offending provision shall be deemed to be modified to be within the limits of enforceability or validity; however, if the offending provision
<br /> cannot be so modifled,it shall be stricken and all other provisions of this Deed of Trust in all other respects shall remain valid and enforceable.
<br /> Successors and Assipns. Subject to the limitations stated in this Deed of Trusf on transfer of Trustor's interest, this Deed of Trust shail be
<br /> binding upon and inure to the benefit of the parties, their successors and assigns. If ownership of the Property becomes vested in a person
<br /> other than Trusior, Lender, without notice to Trustor, may deal with Trustor's sucxessws with reference to this Deed of Trust and the
<br /> Indebtedness by way of forbearance or extension without releasing Trustor hom the obligations of this Deed of Trust or liability under the
<br /> Indebtedness.
<br /> Time Is oi the Essence. Time is of the essence in the performance of this Deed of Trust.
<br /> WAivCrB�nd Cons�nts. Lender shall not be deemed to have waived any rights under this Deed of Trust(or under the Related Documents)
<br /> unless suCh wafver is in writing and signed by Lender. No delay or omission on the pa�t of Lender in exercising any right shali operate as a
<br /> waiver of such right or any oiher right. A waiver by any party of a provision of this Deed of Trus1 shall not constitute a waiver of or prejudice the
<br /> party's right otherwise to demand strict compliance with that provision or any other provision. No prior waiver by Lender, nor any course of
<br /> dealing between Lender and Trustor, shall constitute a waiver of any of Lender's rights or any of Trustor's obligations as to any future
<br /> transactions. Whenever consent by Lender is required in this Deed of Trust,the granting of such consent by Lender in any instance shall not
<br /> constitute continuing consent to subsequent instances where such consent is required. , ��
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