98104037 - Laserfiche WebLink

Browse

A ,.r +.� . 1•1. Miscellaneous Provisions. �� 0�� f (a) Bonower Not Eieleased. Extension o( the time tor payment or modification of amortization oi the sums secured by this Deed ol Trust granted by Lender to any successor in interest o1 Borrower shall not operate to release, in any manner, the liability of the original Borrower and Borrower's successors in interest. Lender shall not be required to commence proceedings against such successor or refuse to extend time tor payment or otherwise modify amortization ot the sums secured by this Deed of Trust by reason of any demand made by the origtnal Borrower and Borrower's successors in InteresL (b) Lender's Powers. Wilhout aftecting ihe liability of any other person liable tor the payment ot any obligation herein mentioned, and without af(ecting the lien or charge of_lhis Deed o( Trust uport,any,portion oi;tde Property not,then or_thereto(ore rsleased as security for the (ull amount oi all unpaid obligations, Lender may, lrom time to time and without notice (i) release any person so liable, (ii) extend the maturity or alter any o( the lerms o( any such obligations, (iii) grant other indulgences, (iv) release or reconvey, or cause to be released or reconveyed at any time at Lender's options any parcel, porlion or ail ot the Property, (v) take or release any other or additional security (or any obligation herein mentioned, or (vi) make compositions or other errangements with debtors in relation thereto. (c) Forbea�ance bv Lender Not a Waiver. My iorbearance by Lender in exercising any �ight or remedy hereunder, or otherwise af(orded by applicable law, shall noi be a waiver ot or preclude the exercise of any such right or remedy. The procurement o( insurance of lhe payment of taxes or other liens or charges by Lender shall not be a waiver ot Lender's right to accelerale the maturity ol the indebtedness secured by this Deed ot Trust. (d) Successors and Assiqns Bound; Joint and Several Liabilitv: Captions. The covenants and agreements herein contained shall bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Bonower, subject to the provisions oi paragraph e(e) hereoi. Ali covenants and agreements ot Borrower shall be )oint and several. The captions and headings oi the paragraphs of this Deed of Trust are for convenience only and are not to be used to interpret or define the provisions hereot (e) Request tor Notices. The parties hereby request that a copy oi any notice ot detault hereunder and a copy ot any notice o1 sate hereunder be mailed to each party to this Deed ot Trust at the address set forth below (n the manner prescribed by applicable law. Except for any other notice required under applfcable law to be given in another manner, any notice provided for in this Deed oI Trust shall be given by mailing such notice by certified mail addressed as follows, or at such other address as shall be designated (n writing to the other parties, as provided herefn: Borrower Starostk8 Homes, InC. _ Starostka' Homes Inc. c/o Blauhorn Farm, Inc. 807 West 4th Street 686 U Road Grand Island, NE 68801 Palmer NE 68864 � Lender Archer Cooperative Credit Union 2121 Archer Road PO Box 248 Archer, NE 68816 Trustee Archer Cooperative Credit Union 2121 Archer Road PO Box 248 Archer, NE 68816 ��-.��«,rs:�:�,- v . , 4 A#.�'�.�.... .. � ... ,.. . L i} � % � �� t.P'tii4a�.Y'iT,f�dM�itAW11y0�1dd'4`rv;6:;a�TY:v .. .,.. . Any notice provided for in this Deed ot Trust shali be deemed to have been given to Borrower or Lender when given in the manner designated herein. (Q Ins�ection. Lender may make or cause to be made reasonable entries upon and inspections o( the Properly, provided that Lender shall c�ive Dorrower notice prior to any such inspection specitying reasonable cause therefore related to Lender's interesl in the Properly. (g) Reconveyance. Upon payment o( all sums secured by this Deed o(Tnist, Lender shall request`Trustee to reconvey the Property and shall surrender lhis Deed of Trust and all notes evidencing indebtedness secured by this Deed o( Trust to Trustee. Trustee shall reconvey the Property withoul warranty and without charge to the person or persons legally entitled thereto. Such person or persons shall pay all costs ot recordation, i( any. (h) Personal Properlv. Securitv Aareement. As additional security for the payment ot the Note all fixtures, equipment, and other personal property used in connection with the real estate or improvements located thereon, a�d not otherwise declared or deemed to be a part ol the real estate secured hereby, shall be subject to a security interest in lavor ot the Lender under the Nebraska Unitorm Commercial Code: Thfs insCrument shail be construed as a Security Agreement under said Code, and the Lender sha0� �. . . . :'a�;%• have all the rights and remedies of a secured party under said Code in addition to the rights and remedies created and accorded'" ' the Lender pursuant to this Deed ot TrusL {�« .�. F11368.�MG (B/95) Page 3 ot 4