|
84f23l1998 13:36 3846778 H BAh�C pqGE 08
<br /> ' 2. Taxes. Trustot sty� �7s�+ ��1�4Fj . .
<br /> ' t�vied against the l'r45t ESLate q'� �� ' @�Ch ir�rt�ltm�t of af!tBx�S arld s
<br /> Y part thereof. befOr6 defitlque�c �e1ci�t � ,ssmerns of everp kir�d n
<br /> 3. , . Y, without no�ice o�clQtnand. • ow ar hqr�after .
<br /> ; constitut �'�e �nd Ra9p�s. Ttu�tar shall matntain fire and e
<br /> �''B Dart ot tha Trust E�te far such amounts arrd on
<br /> Frape�rty i�sec�red b �ded Cdveldgg 1�1sut�r�e insu�n9 the Improvements
<br /> Y a fr'rs7 deed of trusi or mon � p�h terrris r�sanabt
<br /> � m�+�saee shan �e suft(clent to sad $ 9�, c�m �ance with th Y satisfact�ry to BertefrciarY- Sa tong as the
<br /> , sfy'tt�e ra0uirerr�ents of thPs ara a h� 3 re aturance requir�rtter�ts of the f7rst deed of
<br /> � g� � �Si to insUrancC. trus#or
<br /> ' i"R1�tar 817aN prpm��Y�epaif and r f
<br /> the 7rusC Esrare shaY not deteriorate, tn no ewent�aJfr�st Esiate ar an'Y par# thereflf so that. �xc
<br /> �DP.tfl9it�ny�ci td h�d�rue irt qr uRa� Ltt�7 �Tns�tnr commit weste on ar ta �pt for Qrd'+nb
<br /> ;discharge at Trustor's coai and ►'ust Estate in via N wea�and te�r,
<br /> expense alf liens e t�'°�vf 8ny iaw,o�dinBnGe or re9ula��,'nr�Tr ator��C4r�r►1it. Sufle�4r
<br /> or aqlr Par[ thereGf. , � �►cumbrances and charges l�vied. �npased ar assessed a � PaY and Arornptly
<br /> 9 nst the Trust EstaYe
<br /> �- Actia.�s A!f
<br /> �G�� � T��'�. T�Stor si�8l1 3PPear in 8�7aq �p�te5t an
<br /> tY hereof ar the r�ghts ar powers of 68n8Pfclary or Tru
<br /> bf titJe and atiorneYs" fe�s. in an s �•�d sf�U Pay al(ea$i a�nd�P.nicpen�,Sea�'er c�c d;A�PoRin� tn aFfect
<br /> �Y AaYrrtierrc or to do n Y uch aciion �r proceeding in which 8�n�ticiary or Trusta� ma a ^S r,�st Qf ev�te„ce
<br /> their own d' e Y aCt aS 3hd in the ►r'Ianner prRvidBd if7 a�ty Ot ih� �.o,an Jqs'trumen#s. 8endficta
<br /> �SCretiorJ, withottt abtigaiFvn sa to da and withdut �Y Y PPWr. tf 7'rGSttN fAilS to m8ke
<br /> anY ebligativn. may+t��1ke or do the 3errse tn such m �vtic:e to or Qent�+'td �Y andfor Trustee, e8ch in
<br /> h�ea�f. Tnsatvr ahatl. immediats �er and to such extent as e'�a deQem nQCes�releesin9 Trustor from
<br /> c�nnection with tF�e �:'��on dernand iherefor hY Bene3iciar5+. PaY atl r.osts and ex r'Y ta protact tha secur�ty
<br /> �� exerc;se t�y Behefieiary at the fore9e+ru� ri�hts, incfudi Penses in�urrad b
<br /> . BPpr�sals, sc�rvitys and attnrneys' fees, nB withaut limitarion costs af aviden a af tr't e, o n
<br /> 5' En�lnsR,i�Db.rreii,. if the Trus#�state, ar an
<br /> ��Y A�tiC itt�provem�nt ar Cp��e���� Y A�K thereof or inrie�est tt�erein, be taken or
<br /> it,7'rustar r�eives any notice ar oxher infor�e���'�'�e,ardi�any other+rianner incltxi�n damegad by reasor�ot
<br /> 8 fnoficiary- TrUStor S rt0 such proceedi g deed in �ieu thereof {NCandemnation"1, or
<br /> shatl be en#ti�d to alt comPer,satian, awards anr!other �a �tor shatl give prom t wn
<br /> aptio� to comrr�e��� apF�ar in and A ymentS ar r�ief ther�of antl �� no�� ��reof t,p
<br /> �nY compramise nr setrl�m�nt in con�ctio�w'rth �n ���¢ � a� �r praceedi� �!� �� '�'���at iis
<br /> n9 cr damage. gs. T�ustar shaU at�o b� entitted m make
<br /> ackr�awle+d ed '�PPa�rtme�rt of Sucaas�or Trucces. Beneficiary may, ftvrt� time to trme. by a wrttten insrr
<br /> B bY $eneficiary. rrtailed'to Trt�stor et'td r�c
<br /> cacnply��g with the pravis�an�Qf thes a Q��i��e Cpun#y in wf�i� �e Trust�state is focated and b e�e� and
<br /> nar�ed 1'eerein or a AW�cabte law pt the Stata of Nebraska s�stitute a suce�saar or suceessas to tF,e T�sre,se
<br /> G��'r8 hereundQr.
<br /> �,
<br /> their h�irs, t S��s��As'�'� F�is Second d�ed of Trust appiies to,ir�res Lo the benefi�of and binds aH parti
<br /> e9ate�s, devrsees,Aersnnai repr�eserrC�adves, succQSscxs and�ssigns_ The tarm"8eneti�t�
<br /> hc�der af artY promi�3ury nate es heret�,
<br /> given ra ber�eiiciaN. [whether ar noi named as Sen�eficiary herein�, ��Shalt msan the owner and
<br /> � 8• M�rg�w'. Co,xsollrt,irlar�,
<br /> of any of the TruSt Estate. !n the event t�Tt�ustb�ellg,1e�,4esor othe wn e d st�sest�e til
<br /> m�1! at its �ptiar, �eclere the lndebtetlness seccued hereby immedtatet due and �i sel�, t�as� or atherwise dispase
<br /> a0/1Cf1Ci . p �PBYL Of thB"rPUS#�.SLBLE!r���fJCf�1
<br /> �Y shadt G�ns�nt Yo a Ma,�,sfer�of the Trust Estaxe to a third a y ����t�• w����er ar �ot any defaurt ex�srg.
<br /> cancatned in. ar�d $ssumes the obtigatians ser fQ�th in ihe F'srst Deed af T ust th'�'he co�ve,�ants eha tai ed hereir,
<br /> Proq�rty ar� shalf tBma;� in fufl.force and effect until the lndebted�ss is R r'�Y �eets the requ+remerns
<br /> � . paid in fvU. �ar� �n wirr, r�e
<br /> �� �'vents af Dela�,ft. ,,4riy of the fotlowing events �shail be deem�d an a�en#oE defautt hereunder� .
<br /> t�} default shail be rr�,�d8 in th�p�Ym�nt of#he fr�debt�rtness ar any other �um secured her
<br /> � o� th
<br /> Wy whert duB;
<br /> � fb} 7'rustOr shaf! perform any act in�2�'IktlJ�tcy.' or
<br /> �c} a caurt Of compEte�t jtrrisdtGtio�t gh81t�ter art ord�r, .
<br /> . Tr�ustar Se�kir�p �y�organixatron, diSSOte�pn pr simil�r r�ief und�r e��m@rn Qr deCr��apprpv�� a pQU�Qn#ifcQ ag�inst
<br /> �dw or reg�l0tion reladng ta bankrupt�y, insClvency ar vtt�er reiief tar d i ot�g, artd suth o der�8udst8te w dther statute,
<br /> r�main u+�veGated and unstayed for an�g8,��ate 4f six
<br /> th+e�'e4�; Qr an t'/(60?d$�+s;w h e t h er or not cansecutive) �orr,tha�firct d�te a e n ryR
<br /> Y t rus teQ, rec�eiver or liquidator ar Trustar ar oi �t1 pr anY ��R af the Trust fisiate, or ot any ar alt of th�
<br /> raye�ties,revenues, r�r►t�, i5suL#nt prafits thereQ/. ShaA he a
<br /> ; su,ch aaao�nxmant ahair r�rmain unva aPo�nted without m�consent or�cq�,iesFance rrf T�usta�and
<br /> ; �,. c�ted �nd ureSxayed fQr an aggr�gate pf�
<br /> tv(84l �ays (whether ar not cor,secutive):
<br /> 2
<br />
|