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201200156
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1/9/2012 9:06:32 AM
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1/9/2012 8:55:54 AM
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201200156
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��������� . <br />20�.20015� <br />2011091�3 <br />garnishment, receivership or other provisional remedies from a court having jurisdiction to <br />preserve the rights of or to prevent irreparable injury to Lender or Grantor; or foreclose against <br />any property by any method or take legal action to recover any property. Foreclosing or <br />exercising a power of sale, beginning and continuing a judicial action or pursuing self-help <br />remedies will not constitute a waiver of the right to compel arbitration. <br />The arbitrator will determine whether a Dispute is arbitrable. A single arbitrator will resolve any <br />Dispute, whether individual or joint in nature, or whether based on contract, tort, or any other <br />matter at law or in equity. The arbitrator may consolidate any Dispute with any related <br />disputes, claims or other matters in question not arising out of this Transaction. Any court <br />having jurisdiction may enter a judgment or decree on the arbitrator's award. The judgment or <br />decree will be enforced as any other judgment or decree. <br />Lender and Grantor acknowledge that the agreements, transactions or the relationships which <br />result from the agreements or transactions between and among Lender and Grantor involve <br />interstate commerce. The United States Arbitration Act will govern the interpretation and <br />enforcement of this section. <br />The American Arbitration Association's Commercial Arbitration Rules, in effect on the date of <br />this Security Instrument, will govern the selection of the arbitrator and the arbitration process, <br />unless otherwise agreed to in this Security Instrument or another writing. <br />27. WAIVER OF TRIAL FOR ARBITRATION. Lender and Grantor understand that the parties <br />have the right or opportunity to litigate any Dispute through a trial by judge or jury, but that the <br />parties prefer to resolve Disputes through arbitration instead of litigation. If any Dispute is <br />arbitrated, Lender and Grantor voluntarily and knowingly waive the right to have a trial by jury <br />or judge during the arbitration. <br />SIGNATURES. By signing, Grantor agrees to the terms and covenants contained in this <br />Security Instrument. Grantor also acknowledges receipt of a copy of this Security Instrument. <br />GRANTOR: <br />YOGI MOTEL, INC. <br />�� �� <br />By 91���'� Date �G1/ �Gt 2� <br />MA,NM HAh! PATEL, President <br />ate � I �� Z� I / <br />SHA L, SECR TA Y/T ASURER <br />` ; �aM"�OJ� "�� Date �� � � � \ <br />MANMOHAN PATEL <br />Individually <br />l �i�. <br />�' z_�..w' �. � - �. r <br />�� ,, — <br />Individually <br />LENDER: <br />Security First Bank <br />y Date / .�� Z��/ <br />Terry Ak , ice President <br />„ <br />YOGI MOTEL, INC. <br />Nebraska Deed Of Truat <br />NE/4XTMADDEN000000000006240b3112911N Wolters Kluwer Financial Services �1998, 2011 Bankers Page 8 <br />SystemsT'" <br />
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