|
., . .�•�..:'
<br /> AiY 4� �
<br /> .M....lil. r'1�� .
<br /> , �h�
<br /> • .•'.�1.. . . . . . . . . . . 1. . ..y�.. �}� t"!'� I� _' . .
<br /> • '� .�.�� . .. ._ __.... ....._,.. ..._�.�._ �
<br /> .. .. . ��iiR . . . . . - _. .._.. . '_ �W7�-..�..
<br /> . .�.rs.ae.1 . . . .. . _,. ..
<br /> .. . ��,__._.:L
<br /> �..
<br /> - . . —`'.n--
<br /> 9�- �,0��� .
<br /> . i
<br /> . �
<br /> .. �� 3.2 iE the security or any part thareof i� damaged b�► fire or other cause
<br /> -��-""*� • lncludi ng conc7e�nnation, Trus�or shall give immed�ate wr itten notice of tho event
<br /> ""'' to the Beneficlary. Trus�or ehall use any Qroceeds of compensation for tho ,
<br /> damagod fron the inaurance, condemnation avard oz otherwise to re3toXC or.
<br /> replace the proceeda t:o tho Heneflcia=y at the option of tho eonoficiary. If
<br /> patt oE the security ls daruaged, the Truator shall roatore, repair, or alter the
<br /> remaining property in a mdnnex satisfactory of the Henefici�+ry. ,�,=�"'°
<br /> 3.3 The eeneflciary or !t •a representative !s horeby authorized to make or •
<br /> cau9e ta be made reasonable entries upon and Snspectiona of the premises . '�='
<br /> 3.9 The Trustee ahall pcomptly comply vith all present and future lava, ;,;�
<br /> ordinancea , rulos and regulations of any governmental autharity affecting thn •-
<br /> ' � ' preniaes or any part thereof . This shall apply to any construction upon the '-'��
<br /> .1 pcemises as well as the operation of any business upon the premises. `
<br /> ,�• . 4. 7�nsurance. isustor ehall keep C{ie secuxity insur.od aqain�t: tl) lo9s by AT�;
<br /> � perilu covered by standard f ire polScy with standard extended coverage '4'°
<br /> . �� endorsement, in an anount equal to 100a of the full rep lacernent value of the `�
<br /> � � �ecuxitywithout deducL•lonfoz depreciatinn; (21 llability lnsu=ance for the
<br /> benefit nf the Heneflciary and Trustee to pr.otect ths Seneficiary and Trustee �-��`
<br /> from any and all claims of p�isonal in9uzy o= pzoperty damage asising fron or.
<br /> �� out oE the premise6; and (3D other insurance normal anc] customa=y for avners and
<br /> ��:-
<br /> � of similar property. Furthez, Beneficlary may requf�re any other reasonabl� C�M�
<br /> insurance to protect the security. All insuran�e shall be paid for by the �?
<br /> 'Prustor, shall be in focm arnd by company approved by the Beneficiaxy, shall '"
<br /> insure the Heneficiary, Truatee and Trustor as their interests appear, and
<br /> shall pxovide that the insurance company shall notif.y the Beneficiary ici vriting
<br /> • at least 30 days befare any cancellation or Y.ermittation becomes effective as ta
<br />- the Beneticiazy.
<br />- 5. Taxes, Assessments, anc3 charqes. Trustor shall pay all taxes, J►ssessments, —
<br /> . liens, and other charges including utility ch�rges vhich may af£ect the security
<br /> as they are due and before they are delinquent. Upon raquest, Trustor shall
<br /> s,:•• •� • . show Heneflciary proo£ o£ payment. Ttustor shAll pay all taxes and AssQSSments
<br /> ahicii may be leviec;l upon Heneficiary's interest herein or upon this Deed of
<br /> ;���; . Trust without xeqa�� �o any law in effect or that may b� enacted imposing
<br /> j�,. ,, , payment of the whole or any part of therefore upon the Heneficiary.
<br /> - 6. Condemnatlon. The p=oc�eds of a condemnation avard are hereby assigned and _
<br />- " • � � shall bo paid to Lender and shall be Applied to the sums �ecuzed by this Deed of
<br />- � . ' Txuat, vhethec or no� then due, vlth any excess tu be �paid to Borrower.
<br /> _�.. 7. Additional Liens and P�cotection of 8ecurity and 5ubiogation. Senefi¢�r��ry
<br /> -4:� � r in sole d iscsetion may make any payment, expend or advance any funds it dee:rns
<br /> ��'`;•?``.:'.;,..: necessaxy to protect the security of this Deed of '�russt. Such payment, '
<br /> _��<.� .. .
<br />���._ . � = expend it�:xes ot advancements vlth shall become secured here,by.
<br />-° ";`„� •� �� 8. Default, RemediQS, �cc�leration, 3ale. If the Trustor does net: (1) pezfoYm
<br /> '� '��-•'�' '� any of the covenants of the Deed of Trust; oc (21 if the Beneficiary has to
<br /> '.�'� ` � expend sums to pxo�ect the security, then Trustoz has bzeached his ag=ee�ent, is
<br /> =`�`�:.���' •�.G; in de£au l t an d t he mene f ic iaxy m a y d e c l a r e d e f a u l t a n d ma y declare all suas
<br /> _ �--'1:• 'y� �• •�+ secured hereby SaRediately alue an� payable an8 such sums immediately beco�e due
<br /> ��'- ��•�;.� and payable vlthout presen�taoant, demand, protest, or notice, of any kind except - -
<br /> `'~` ' � as may be provided ln the Deed of Trust Note and may invoke the pover of sale
<br /> ,Y�„��_.::.� and/o� any othes remedlen permitted by appllcabie law inciuding the right to _
<br /> =-''';,;�;;_;.'^ fo=eclase thie Deed of Trust in the manner provided by law for the foreclosure _
<br /> ._a�••• ••� of mortgaqes on real estate . Benef9ciacy aha11 be entiCled to collect all =_
<br /> •'t'?}-•. , reasonable costs and expenaea incurred in puzsuing such zemedl.es inc�uding, but
<br /> -"''" ,t " not limitod to, reasonable pttorney'a fees. ' __
<br /> - n.. , f�.,,
<br /> �' ' �'•��'��s'"� A. Zf the power n£ sale A� invokecl, the Trustee shal.l proceed �m sell the -
<br /> - '�?���," . property complying vikh fihe Nebraska Trust beeds Act in regard to notice, t1me,
<br /> . . �' and manncr vf sale. The Truatee may sell the property ln one oz moze pazcels
<br /> � , � and ln such ordor as the Trustee may designate, at publlc auction to tho hiqhest _
<br /> �'r � �•,:.;'�::�:'� bidder, purchaae price payable in cash oz as othervise suitable Co the Tcustee
<br /> s. ":���;,:�, at the t�1ne of 3ale. The Txustee may postporu�: the sale from tim� to time. Tho ir.
<br /> �� Trustee shal l executQ and dollvQr to the pugc3�a,ser a Trustee's de�d cvnveying
<br /> . ; the pzop�rty sold, but vittaout any r.ovena�� or vacranty, exp=esa or implied. �r
<br /> The recitals in the deed o£ any mattezr� ox £acts shall be conclusive proof of �;
<br /> " the trutt�fulness thereo�. Any persorrt, including without limitation, Bene£Sciary �
<br /> -,. • ox Truatca, �nay purchase at the sale.
<br /> ` B. �ihQn Trustee sells pursuant to the powea� herein, Trustee shall apply thQ �°
<br /> • �
<br /> `� proceeda of the sale to the Qaymen�: of the costs and expenses of exercising the
<br /> -- -� - -
<br /> - -- � powe= oe saie and oi tne saie, inciudinq, vitnout iimiiaiion, ine paymenc vi cne
<br /> Trustee's fee� incurred_ Tcustee's fees hereunder uhall be deemed reasonable if
<br /> - . they axe the g�eater oF elther the actual costs incurred by the Trustee's ot
<br /> �t of tihe balance uf thQ oriqinal amount secu=ed hezeby. After the payment of
<br /> _ the Trustee's feea, if the sale is by a 'Prustee, o= the proper court and oL-hez
<br /> costs of foreclosure and aale pursuant to judicial foreclosure, the proceeds of
<br /> the sale shall be ap�li�d in the order stated belov to the payment of: (11
<br /> Attorney•o fees and coste of collsction; (2l Cost of any evidence of title
<br /> procure8 in connection with such sale and any revenue or tex requixod to be
<br /> paid, 13 ) All obligations secured by this Deed of Trust, (�1 The zemaindeY, if
<br /> any, to the person leqally entltled thereto.
<br /> i
<br />
|