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<br /> aff�cted tureby,as�d Trustors hcreby absolutcly ai�d unconditioiu�lly assign 111 s��cb rents,issues and pro Us to t beneficiary- The
<br /> . �;. bentficiary,however,hemby constnts to Trustots'c.ollection and retenti�n of s+ich rcnts,issues and prollts,so long as Trostors nre ___
<br /> not, at such time, in default with resPect to payinent oF any indcbtedness sayuccl t�creby, or in the pedamwnee of aery agceement
<br /> � hereunder. If any�vent of ckfault dcscribed h�rtatter in respe�ct to ihis�tod of Truat shall have occurcod and ba oondnuing,tt►e _
<br /> t� � geneficiary,as a madcr of right and wittsout notico to Tmstors or any�one clafming under Trustors,and wlthout regard ro the valae of —
<br /> o-.,t� �� the uust est�te or 11►e inurest of!hc Tnutors therein,shall have thc right eo apply to any court hsving juristliction to ap�wint a ---
<br /> receiver of the property.
<br /> 6. The Boueficlary, or its agcnts, an authoriuxl io enter at any rc;ucnat�lr. timc ugon or in any psrt of thc pro�srty for the �-
<br /> :�;,�?�, :. pucpose of inspxting the same and for the purpose of perfomnin�any of�b�acts they are authori�.td to pedorm under tt►e t�mu of
<br /> �� `,.� - any loan inurumenu exocuted bY Tn�stors.
<br /> � 9. If all or any part of the propertY or nny interest of Tructar�is sa�d, tr:�n,sfernd or fwtt►cr encumbctai witt►out thc writtcn
<br />-����` consent of tha Bene6ciary,the Beneficiary may doclare all bums sec►uPCi b��this"i'tu�t Doa1 to be immediately due and payable and —
<br /> • �!' proc,�ad to tLc re�nedies availabk to it under the default provisions contnint�ti l�roin.
<br /> 10. My of tht following c+ents shA�j be da�ncd�n�►'ent af dcfault tuircunckr: -
<br /> '' � a. Tnutors shaU have failed to maicc payment of a��y installn►ent�f i�rinc.ipal or intcrest or any othcr sums secu�rod t�reby when
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<br /> �'� � ;° b. Tt�ere has oocurnd a breach of or default uuder any term, cavenKnt, agreement, condition_ provision, rcpresentatian or
<br />°_;��`�iE',� ` war�aty c�tained in this Qxd of Trust, the�note or any othor loan in.Ftn�annnt secuic+d hereby.
<br /> r.��:�; e. '('txro has ban a default by the Tn�stors in the paymeat of nny pdor or�soquent litu or encuu�b�anas iui Rrspect to all or any
<br /> "`--•= p3rt of the gcoperty;
<br /> '`�'`'"''�� d. Tnutors stull file a voluntary petition in bankniptcy or shall ba a�iudi�atod bankntpt or insotvent, or shall mske au
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<br /> -��<,,,- _ assignment for the bene5t of creditors in rrs�oct to th�s pmperty;or an acction to enforce airy lirn or encvmbranoe or j nts
<br /> s a��� against the P[opettp is cemmenoed.
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<br /> -.�.._ 11. Ia tlie event of any default,tLe BeneSciary may declare all►ndebteciness seaued hereby eo b�due and payable s�
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<br /> •;:• � � shall ihenupon bocome due and pay�ble witLout any prescntment,de:r.and.Prota�c or notice of airy kind. Thereafter,the Bene ctatY
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<br /> -• x, oithr in person or by agent,with or without bringing any action or pmcAedi�ng, or by reoeiver apgointod by a oa�rt and
<br />.�`���;� without regard m the adaluxy of anY axurity,enter upon and tak�s possessioa of the property. or any patt tl�a+�a�in its own
<br />__�;;�;�'2�d� name or in the name of the Tnutoe, aad do any acts which it doems no�aq' and desirable io p�av�e tbe value.
<br /> � � � auuketability or[entability of ttoc PmpertY.or part tt►ereaf, or intcrest thcrein,incr�eas�We iacome thanfmm or pmtax tl�e
<br /> __� _" �:siri�.*�'9��ttuw�t ta{cin¢oossession of the P�nY,sue for or atr.nvise oolloct the rents�issues azd prod'its tberoo�
<br /> —�°� tnctudin�,ttiosa P�t due and unpaid and apply thc same, kss oosts and expenses of opaauon aad ooiiaxiau, inciud�n�
<br /> _._...__.ti.� ��f� �n ury,iadebtodness socur�d tie�'.all in such oerler�u t?x;Beneficiary m�!'determine. The eataiag upon
<br /> �--° and taldng possession of the bust esta!� the collaYion of such reuts,issues and pcofits an�applirstion thereof as aforesaid
<br /> °"'ffi.� �t�ll not caue or waive any def�ult or natioc of default M.�auxkr or invalidate a�act and in c+esponse eo s�ch default or
<br /> --- putw�nd.to sach n�tioe of defa�lt�u►d notwitt�tanding thr continuaoce in poascssion of the property or ttie oolloctio�o,rxuP�
<br /> ---- - bnd tq�li�ttio�a d t�ents.issues or profits.Trustx or th�Beneticaary mty be entitle�to�xecdse every dght pmvi6od for in�ny
<br /> ��1��wnents or by law upon x,nurcnce of aqY eveat o�f cl�fau]t,including tt�c rigl�t to exerdse the pawer of sale;
<br /> b. oomtneox an acdon to forecluse this Aaed of Trust ns a mrtitP,age, appoint a rxdvar>a specifically�foroe an3' a�ihe
<br /> oova�ants Ixreof�
<br /> e. delivcr to Tms�tee s wriuen doclarabe sold,whi ht notia T�eef ostaall cause t be duly 51ed for�t in tbe o�icial r000rds
<br /> Tcmtors'inta�e,st in tL�ProP�Y
<br /> of tba oour,ty in ryhich the pmperty is located.
<br /> 12. Should the Bac�ciuy eloct ta foc�xlose by exercise of the pmver of sak herein contained,the Ba�ciuY shaU notlfY Trustee
<br /> ---- aad chall depoeit wltb Tn�sia this Dood of Tn�st and t2ie note�nd svch noeipts and evidenoe oF expenditure� m�de and exurod
<br /> _ hcirby a�Tcu�tee may req�dn•ud upo�ro4uese of the�3endiauy,the Teusla shall caur.to be rooadod,lx�blisried aud deliverod
<br /> to'I'�us�or such riatjoe of Default and Notia of Sale as Uxn roquired by 1aw and by this Doed of Tcust.Tsusta�hall witLout dea�and
<br /> on Tcuttor,after such rime as msy then be roquirod by law and after noordstioa of such Notioe oF I�uilt aad atiu Notia of Sa1e
<br /> �6 boea givea as toquirod iry law.seU tha propeRY at tl�e time and plaoe of sale fixod by it in such Notia of Sale.dther u a
<br /> wLok, or ia yep�u lots or parals or items as Tcustee sha11 deem expedient,and in such ocder ag it may detamine.at pubGc
<br /> aucxion to th,e highest bidder for cash and ahall deliva to sucb p�u�chaser or purchaseis theoeof a doed to tt�pt�operty sold,oonsi�ent
<br /> with ttre law the�in elfect. RxitaLs in thc Tnutee's daed shall be prima facic evidena of thc mdh af the statemaus made therein.
<br /> T�u�ee slnll�pply tbe proceeds of We sale in the fdbwiag order:(a)to all reasonable oosts and expenses of the s�{s.i�luding but
<br /> not limitad to Trusto�'s fas of not more tt�an Z'Y•of the gross sale pria,masonabk attomey foes uid oosts of tiUe evideaoe:(b)to all
<br /> ;s�::� su�soarod b'Y this Deed of Tnui; and(a) th� exoess, if any, ro the persnn or persons legally enuUod thereto. Any person.
<br /> _ �'_� ����g��y,may purchase said propectY at said sala Tnutee may in the manner providod by law.postpone sale of all
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<br /> ----"- or ac►y pottion of the propertY•
<br /> -"���� 13. Trosteo and tho Beneficiary,and each of ttrem,sliall be enaUod to enforoc payment and pedormance of any inclebtodness or
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<br /> 0.��� oblig�tioa 9aaau+ed bereb�'and to exercise ali nghts and pm�'crs under this Deod of Tnist or under azry loan instnimeat or
<br /> a
<br /> �`j�„i t�t ag�+eaoeot or aay laws�r or t�treafter enforcod notwitl►uan�ia�g some or all of the indebtedness and abligerions sooured hereby
<br /> -�''^�, �r which mry now or hereafter be otherwise sea�ned whether bY ��F,�S�• � of truu,pled�e. lien, assignmeat or othawiee•
<br /> �:iG"�"`-^"�:,,. Nather the aooe�na of this Dad of Tnut nor its enforamcnt,whetha ls�'oourt actioa or pura�ant to the power of sak a ottKr
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<br /> =.::.z.r poy�ers ba+ein oauained,sball Pt�ejudia or ua any manner affoct Tnutee's or the Bendiiciaty's right ro realize urpon or eaforx u�y
<br /> -`,�:� � otha savriry nrnv or hercafter t�eld by Tmsta or the HeneSciary. it being agrood that Tn�sta and the Benet"ciary,a�each of
<br /> -- ._�._ �W.�:_n..,�..s�T�.d�.�,i��„c�trr sesuritv aowr or t►emafler held bY the Benefiduy or Trustee in
<br /> _"-�:-`�."".-- [IKpb S6at1 oC cuuuw w aanv.w....o.......,.� ._—.—-- -
<br /> °-`�~�,. �:' , such order and man�r as thcY maY�n thcir absolute discretion detemune. No�emcdy hercin oonfcrrad upon or nsecvod to Trustee
<br /> `�'''1�': or Benc�ciary is inteadai to bc exclusive of any othcr c�cux�y hcrcin or by law providod or perndtted but each s1�11 bc cvmulative
<br /> - ' �• ••v� and shall be ia addition to every other ccrtbdY Bivcn lic�under or now or hencafter cxisting at law or equity or by statute. Evcry
<br /> _ � powtir or r�emody givcn by any of the loan instnnments to Trustce or the Beneficiary or to which either of them may be othecwisc
<br /> -= ' � enriUed may be exercised,ooncurrently or indepcndendy,fmm tin�e to time and as often as may be decmod expedient by Trustce or
<br /> - • •. � Scneficitiy.and either of them may pu�s►�e inoonsistent c�emedies.Nothing hercin shall be const►ued as prohibitiag the Bsneticeary
<br /> -; Crom saking a delieicnry jadgmcnt against Truston ro tl►c c�ctcnt such action is pern�itted by Law.
<br /> . 14. Tcustors 6ercby roqu�xt a oopY of any notia of default and that any notia of salc hercunckr bc mailod to Tnutors at the
<br /> •. ' 1�� addn�s.s set forth in the�irsi parrgra�h of this Dosd of Trust.
<br /> '� � 15. 7be Beneficiary may,by a writtcn insirumcnt cxocutrd and acknowlodgcd by Beneficiary.mailed to Trustnrs and reoorded m
<br /> ��:��►'+- the County in which the prope�ty is locatad and by dhenvise uomplying with tl�e provisions�f the applicable law of the State of
<br /> � � Nobraska,substilute a sucocs.wr to tNc Tnutc�namod hcrcin or acting hcrcundcr.
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