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<br /> DEED OF TR61ST g�'�,03U�� Page 4 , •h ; -
<br /> 04-•17-1997 (Contlnusd) � • -
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<br /> • FURTHER A38UAANCEB;ATTORNEY-ft�FACT. Thn follovNp provislons rolOtln(�lo turlher nssurances and attornoy-In-facl aro e�arl o!Ihls � .
<br /> Deed o}Trust.
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<br /> Futther Aawrlw�C�s. A4 eny timo,flnd from Ilme fo Iime,upon roquesl al l.ander,Truator will mnke,er.ecut�end deliver,or vrill cnuse to e
<br /> � mnde,sxecuted or delWereU, to Londar or to Lendor'B dos!�neo, nnd �vhon roquo'ltod by l.ondor, causo to bo I�IOd, rocordod, ro6led, or ..
<br /> � reseCOrded,7l9 Iho Cese mey bo,nt 3uCh Ilmaa nntl In suCh ottica�and p�acoa nn Londar mny cloom appropnnto,uny nntl all sucli moAqagos.
<br /> doods of Iru31.,ncunty tlooda,ancurlty upreomonf3,hnnncinp�inlemenlo,aonilnunuon stntomant3,In3trumonls ol turtnor assurunco,caddicatos.
<br /> und olhar �ocumonts ns mny, ����hn 5010 opinion ol Londor, bo nncosnnry Or c9o3�rnbla In ordar to oltoctu�to,comploto,porloct,conhnuo.or „
<br /> , pr65eN8 (a)tho obilpalions of Trostor undnr Iho RoTO.Ih19 Daetl 01 Trw1,fintl lho�aolntad Documonls,And (b)Ih�hon�and scCUnty���orosts
<br /> created by thla Doad ol7ruot ao hrst end pnor Ilens on tha Pioperly,whetlior now ownod or hereattor nCquired by Trustor. Unles�prohlDited by
<br /> law or apreed to fne Contrary by Londcr In wrllinfl,Trusta ehell«�imburno l.onder lor nll cosis nnd exponsos Incurrod in conneClion wfih the
<br /> maltera referrsd lo in this parapraph.
<br /> '� Attoraey-fn-FOCt. II Trustor fnds to do any ot the things.oforrod to In ihn procadlnp parnprnph,Londer may do so for pnd in ihe neme o1
<br /> Trustor and nt Tructars expensA. For such purposes,Truslor hsroUy Irrnvor,nUly nppolnte Londer ns Trustor's nitornoy-In-fact tor sha purpose
<br /> � of making,exoCUlinp,deliverinp,Iilinp,recording,and ddng aii other ihlnpn aa mny bo necessary or deslrablo,In Lender's sole opinfon,to
<br /> � accomplish Ihe mattore reterted io fn the precodinp puragreph.
<br /> � FULL PERFORMAN6E. IlTrustor pnys all tho Indebtedness when duo,t►nd olhonvlse per(orms ail the obligatlons Impased upon Trusto►under Ihis
<br /> Deod ot Trust, Lender shail executo and doliver to Trustee e request tor tull ruconveynnce nnd shall oxacute and daliver to Tnistor sultable
<br /> ; statements of terminatlon of any financinp stntomont on file eddencinp Londor's socurity Interost In Iho Rents end the Personal Properlyr. AnY .. , :�
<br /> '� roconveyance fee rrtqulrod by law shull be peld by Yrustor,II permitied by appllcnbio law. �` -?+^.F���__
<br /> � DEFAULT. Eaoh of the toilowfng,at Ihe option o4 Lender,shali constllute en pvnnt of default('Evenl b}Detnult")under thls Deed of Trusl: ,,,_ ��
<br /> � Detault on Indebtedneas. Faiiure of Trusta to make anypayment when duo on the Indebtedness. � �_^
<br /> I De4ault on Other Paymente. Fallure ot I rustor within the�rme requVed by�his Dcad ot Trust to makA 9ny�►ayment far tnxes or Insurflnce,or I :?� ����
<br /> � any other payment necessary to prevent filfnp ot or to eHecl dischnrge o1 nny Ilen. �.f
<br /> ir` .,.}pwii�
<br /> J CompllAnee Detduit. Felture o1 Trustor to comply with eny other torm,obllpatlon,covennnt or candition contefned m this Deed of Trus�,IhE �, _v
<br /> . Note or in any af the Reiatod Documents. � �
<br /> � FAlse Statements. Any werrnnty,representatlon or slateme�t made or furnished to Londer by or on behall ot Trustor under this Daed of Trust, �, �-._
<br /> the Nota or the Rfllated Documents is taise or misleading In a�y matedal rosgoct,olther now or ut the time mado or furnished. ' T;`�s��
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<br /> � Retective Colintcrdlmtion. This Deed of Trust or any olihe Retated Documents ceases to be In tull force and eftect(inctuding faliure ot eny
<br /> � collaternl documents to create a vulid and p�rtected securiy i n�erest or Ilen)ut any time and for any reason.
<br /> Death or Insolvency. The death ot Trustor,the insolvency ol Trustor,Iho eppolntment of a receiver tor any part ot Trustor's p�operty,any
<br /> i gssignmont for the benefit of creditnrs, any type of creditor workout, or tho commencement of any procaeding under any bankruptcy or
<br /> ' � Insolvanay laws by or against Trustor. �t
<br /> � Forec�osure,Forieilure,etc. Commencement of foreclosure or foAelture proceedir�ps,whelher by Judlcial proceeding,sels-fietp,repossessfon ,.
<br /> �' ar nny omer meinao,oy any crodiio��i T�u��:C��r.y e�:�^r.^._nt�!a�en!w naainst any of the Properqr. Howover,this subsection shall not `
<br /> ;';.,,` apply in the event ol a good talih disputo by Trustor as b the valldily or roasonableness of the cialm whlch is the basls ot tne ioreclosuro W .��_,
<br /> • `;`f roroiaiiuro�r�cri.�:.��v� w�������!n�!T„'°-}'-°���°� i p^�1r`wdllen notice ot such clalm and fumfshes reserves or a surety bond for the ctalm ,��>,,,
<br /> 1 satisfsntory to Lender. '�.
<br /> �'j� BreaCh of Other Apreement. Any breach by Trustor under the terms of eny other apreemont between Trustor and Lender that 13 not remedied '�j
<br /> � �'' wlthin uny grace pedod provided lhereln,InUuding withoullimitati�n any apreement concerning any Indebtedness or other obligalion of Trustor ,�
<br /> � to Lender,whether oxisting now or later. '4�j: , ;
<br /> Evente AHe�ting Guer�ntor. Any oF the preceding evenLS occurs�vith respoct to any Guarentor ot eny of the Indebtednsss ar any Guarantor r,:,: ,._ �`
<br /> dles or becames incompetent,or revokes or di�putes thevaHdity of,or Ilsblllty under,uny Guaranty of the Indebtedness. ,
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<br /> ..; inaeCU�ity. Lender In pood fallh deems itselt Insecure.
<br /> . m'sy exoraise any one�orESmore o�AfoLowing rights and r modles rin a dllion to any olher ghtsaory omect 9srprovidod by ew r Len�,at Ils option, _ ;��_
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<br /> � Acceteratlon upon Detauik AddfUond Remedles. It eny ovent of detault occurs as per the terms of the Note secured hero6y, Lender may � i��,��
<br /> �;,�p deciuro ali Indebtedness secured by this Deed of Trust to be due end payable and the snme shall thereupon become due end payablo without ��i,�,._.
<br /> `•�• • any prosentment,demand,pralest or notice of any kind.Thereafter,Londer mny: •���`--
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<br /> �"Rf'�'�J' (a) Either m per�on or by agent,�Wth or�rithout b�nging eny aatlon or proceeding,or by a recelver c,p;.o:nted by a court and withoul -+�,g•-�,,,;;;;
<br /> ;,. �, . . rogard to the adoquaCy ot Its security,enter upon end take possesston of the Property,or any part thereot.In its own name or In the name __-�--
<br /> �• � of Trustee,and do nny acls which it deems necessery or dasirable 1a preserve ihe value,mazketablliry or rentablilty ot ihe Propertyr.or pazt (`1,,';_IrvA =
<br /> ' "' ' o t t h e P ro p e r ty o r In t erest In the Pro perf y;Increase Ih0 income tom the Proporty or protect the secudly of the Properly:nnd,with or without ,,4y�.,:�,
<br /> '' 1. taking possesslon ot tho Property,sue fw or othenris9 co�lect the rents,Issues and profits o t t he Prope r t y,Inc l u d i n g 9 t+a s o p a s t d u e n nd �4,�A,;�_:.-,
<br /> unpald,und eppry the same.less cosls end expenses oi opereHOn and COIloction,Inciuding attorneys'fees,to any In�ebtedness:.eCUred „f� ����9.,�
<br />' �� by thl�Deed of Trust,all In such order as Londer may detormine. The ontering upon end taking possos3lon of the Prop9rry,the collecdon �,,�--
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<br />� of such renis,Issues end profits,and the epplication thereof shall not cure or walve any delault or notico ot detnuit under thls Deet1 ot Trust i��____�
<br /> � � ; or Invalidate any act done in response to such dalault or pursuant 4o such notico ot detaulh, and, notwith5tandinp the ConlinuanCe In .�5,'t,,,�,�_
<br /> � , passosston o�lhe ProAe�Y or the collecllon,recelpt and eppllostlon of rents, Issuos or profits,Trustee or Lender shNl be ontiNed!o
<br /> � axorolse every dght provided for In the Note or tho Re1�ted Documents or by Iow upon the occurtence of any ovent of dehtult,Including the ;;4�, ~';��,�-.��,'�7�`
<br />- riQht to exarclse the power ot seie: `,'t":" • = �+5
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<br /> . ..� (b) CammenCe an aadan to forecloso thls Deed al Trust as a modgage,flppolnt a recelver or speoltically enforce any ot the covenants .�.:__
<br /> heraof;and
<br /> ' (c) Detivor to Trustee a writtan deCiaratlon of dofeult and damand Pot sale and a wrilton nollce ol dofault end eleCtlon to csuse?rustoPs
<br /> interost In the Proporty to be sold,whlch nodce Trustee shall cause to be duly filed for record in tha eppropriate olllces ot the County In .
<br /> � which tho Property is tacated;nnd '
<br /> ' � '�' (d) With rospect to nIi or any part ot tne Personal P�operty.Lender shull have all tho rights end romodles of a secured parly under the , r:
<br />_ •� Nabraska UNlorm Commerclai Co�o. �.,�r.
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<br /> � Forocloauro by Power of Sale. If Lender elects to foroclo38 by exerolse o1410 Power ot Snie herein cuntoineci,Lender shall noHiy Trustc0 flnd ,;�:•�;>,.;.�
<br /> shall deposit with 7rustee this Deed ot Trust and the Nole nnd such rocolpts and evidoneo of expendituros made and secured by thls DeeO af �•i;•�.� -
<br />- TrusS ss Trustee may roqutre. M��'.,,�.',:. ., �
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<br /> (n) Upon racelpt of such notice hom Lender,Truslee shsll ceuse io be roCOrded,publlshod and dalivered to Trustor such Not�e of Detaull •�,. ;,[ ,
<br /> � and NuBce of Sale os then requlrod by Iaw and b►thls Deed ot Trust. Trustee shall,without demnnd an Trustor,alter such Hme as may r�,.'' - ,, (
<br />"� ___ ;_ then be roqulrttd by la�v and aller raCOrdntlon of suc�h NoNCO o�De�ul�ac e�tdlho�o�ea whola hor in senerae9 ot�orrptir�Cei9 oy t ms fl�l � • �` �'
<br /> � . . _ th0 Ptoperty at tne nme ano piu�v a�anro��w ��..�•��....� ... .. _ ...._. _ _ — •- ...
<br /> Trustee shell dc3em oxpedfent,and In such ordor as it may deterrnlne,at publia nuclion to Ihe highsst biddor for cash in lawfui monoy ot r ----�°�---
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<br /> ine Unitod Stutes pnyable at the time ot sale. Truslae shall dellver to such purchaser or purchasers thereof Its good end sufiicient doed or r
<br /> or�tBCts shall be conclu5p o ps of oalhe t uthtul�Sy�her o(.nAny�parson,��nc uding wifholut�limitatlon T ulstor,7 us oe,o�lenderBm y
<br /> purchnse al such sale.
<br /> a (b1 AS may bo pormftled by It�w,a0er deducting all costs,teos und expenses of Trustee and of Ihis Trust,InCluding costs oI evidence oi
<br /> title In connectfan�vith snle,Trusten shall appiy the proCaeds ot saio to payment ot (I)nll sums expended und¢r Ihe terms of Ihis Deed of
<br /> 7rust or under tho lerms of thp Note not thon repa�d,Includlnp but not Ilmitsd to nccruod Interest flnd Iate charQes, (II)all othor sums thon
<br /> secured hereby,and (lu;tl�e rpmafndor,If nny,tolho person or parcons Iegeliy enfltioct ihernto.
<br /> (c) Trustee may fn the mannor provided by law postpone sulo of all or any poAlon o}Ihe Proporty
<br /> Remedles ti:►t Excluslve. Trustas and Londor,and each oi thom,shali be entitled to anforce payment und partormanCO ot nny Indebtedness
<br /> or obligatlons secured by this Deetl of 1'rust and to exercise all rights and po�vors unde�th�s Deed ol Trust.undQr the Note,under nny of the �
<br /> Re�ated Dceumenls,or under any other aqroemont a n�y I�ws now or hereafinr in forCe: notwiihstnndinp,some or all o�such Indebtodness I
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