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<br /> - � � Niacted t�cr�Dy,nnd Tn�r�tosy hc�y nbsolutcly uad unaondittonally nssi�n ali sucil�nn�s,i�sac9 And proBls ta tteo bencitcittry. Ths
<br /> , 6anct�cinry. h�n��a�cr, hc�cby oonsonte ta Tnisto�'callcctinn a�uf rctcntlon of such rcnte,issucs n�id pi�Dte,fiQ IonB ns Tn+sto�aro
<br /> ___�:� ctol,nt such d�ito,in defiult with r�poct to paymant of nny iiulcbtcslncss scc�rcd hemby, ar iu tho psrfon�[wo of uny a�ncmcnt
<br /> hcrtuadet. If any e��ent of dcfaWt dcscdbcii hcnatier in Fes�t ta�ids I?ccd ot'TruSt al�all t�a�o occuttcd tuul tr�co�un��►II,�►e .
<br /> . ... .. ^ EicnofZcl��Into ar tha intcrcsl of tl�Tro tore ther�in,(uenafl h�tt�right at�y tc�gny�court�jh�vioA Jadrt�lc�on to ap�sainl n
<br /> -- . ,� Iho txusi '_..
<br /> �ecei�cr of thc pmperty. � for�ho
<br /> - - - .. - e. 'fho Beneticin�Y, nr its agenia. cuo uuitto:iztd ta enies at any cea._�o�!�!� lin�e a or In nny p�art of tho prop�ny -
<br /> � purpose ot iaspccUng tho samo ns►d for�ho pu�poso of porfamUng any of tho ucta thcy aro authori•r.cd ta perform wtdcr t�o temu of , ,
<br /> � .. - any loan tnstmmonts oxccutcd by Tn�.�to�s.
<br /> � �°""`��` 9. IP a�l or aay pact of the pmpony �r�9 intu�l n1'Tn�srors ie cold, transtcrccd or ti�rlhor oncumbered�vitttout tho�v�itten
<br /> � �"` consem of tho 8enariclury.tho Beneficiury mny doclt�ro Q���um��u��'this Tnist Dccd to bo immedintcly due and paynblo and
<br /> • � ' � pruoeod to tho remedles uvailablo to it under tho dofnult provisions conu►Inod berein. � :-
<br /> �r t � � 10. Aqy nf tho followinB won�g ahnll bo dcenead un cvcnt of deTault homutidcr. ,
<br /> a. TNStora shnll d�mro!'aited ta mako p.'�►en�of anY inst�llment af pdncipal or i�tcrest or any other sums scxured hereby�vhen
<br /> duo: ��.
<br /> � b. There has oocur�ed A brcach of or dePaiilt ander uny tcm�. oovcnant, ngreament, condidon, pmvlsion, tcpccscntt�tion ot r;_
<br /> � • wtinunty Gontained in thi�De�d of Tnist,tho noto or nny aiher la�n Instnuncnt sccum�!hercby;
<br /> c. Thare has bo�n u defnult by the Tn�stors in thoµ�ymcnt of any pdor or subsequcnt licn or encumbmnoo in cespcct ta all or nny �'�`_��
<br /> .. `,� pari uf tbo prc�peny:
<br /> • d. Teustora ehall tile �voluntcuy petition in bankroptcy or sha�1 be ndludicatod bankn�pl ar insoivent. or shiill make an ___
<br /> " � Assignmant far ttr:benefit of credltors in respeet to tho pmperty:or un:iction to entotw�nny licn ar cncumbtRnca or Judgments �;_-
<br /> . ` ap,3ut�st ttut properiy i�aomtaeazcts�l. _-:
<br /> , ;.;i�i'�i�:�� .;'` _
<br /> :.::i,�,:�•,�. 11. io�itCt.evont oi ttny deTuult,lfi��s^•�eficiary may declnre tal!iadebtedness soctu�lh�sa2n¢o hc due und p+'U'ablo�nt!t�v samo --
<br /> . shnll t'Asarcupt�nn beoamfl du9 and pa�y'ab9k�vlthnut tt�pm�cr►trn��t,dlzmand,praicst or oa�ae�aafi«���ynd. "t�tv�n+�cr,t!��Bem�ctit�.
<br /> ... p m cr _
<br /> • . ��;�.'.��'; ---
<br /> � .,,<�.� ,nny:
<br /> `� � a eil3ier in pe�son ar by agent, with or�vithout luin�ing any action or p�oeodln�, or by c�eeeiver�pointed by n ooiut and =
<br /> �thereof in its ovm
<br /> � ' � �r1t�oW reb�u+d to t'he adeguaoy of nny's�u�h',onter upon and take possaslon of tha propc�ty,os su�y�u. . -
<br /> .. namo or in ihe n�'tmo of th� Tn�stee, nnd do s�ny acts�vhlch il deem.c neotssar7+ and desi�ttblo to preseive the valuo. -
<br /> '„''..,. �,,�'"'•,`,, '� m�ufcetubility os rentabittty df tlte A�oPOhY•or p�ct theraof,or interest thereiu,lncreuse the ittoomo thereibom or protoct tt�e
<br /> .,. . � .,,::..
<br /> � '�� � " secndty heraof and,�v{thout lnking possesston of iha pmgecty.suo fo:or oihenvise aollcxt the renta.issues und pmRte thereof,
<br />_ ,:�� . � includin�thoso Past duo nnd una�id, pnd apply tho sama. less oosta and c�pen�s os opemtlon aad oollection� 1acludinB
<br /> ---_ �-_---_ � �4n_m_ey foes.upon an�►indcbtoducss s�cured hetclby.ull in such ardcr as Ihe Btneficiary may dct le9s3c�e l�strf a�e.�
<br /> ptid tafcing passesslon of tha Wst cstuta,�he oolicctton of sacfi n�.i�a�"�d�am!�!
<br />. �� � shu��not curo or�vuivo any dci�ult or notioo of dcl�ult hcrcundar or invuUdoto any act and In ccspo�►so to such default or
<br /> - qstsuant to such noaioo of dei8ult nnd notwlthstnnding the c�ontlnt�auoo i�pass�ssion of���o�0°vidod t�ir�anY
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<br /> �.: .'?�:u;� a�d ppg!lr,�}ion�f r�nt�,wwca nr P�.�ras�oo vi ino•�•o•
<br /> ��� of tla loan insin�mcnts ar by!nw��pon oocurrenoo ut any cvcnt of dafaut�tncluding tho dghi to oxar�lw tt�a patwr of r.alac
<br /> . � b ����a�ia���o tbtcclaso�hie L�cc�of Tnist ns n morlgngo. uppoim n rc�clvcr,or spociticalty cnforao Any of tho
<br /> �=.; ., � oovctttttite t►sraos
<br /> : ,;.:." • .,'. c. dclivcr to T�ustca o writtcn dccl�bo sold,�ivhich not�ica T�usteof ehaQ causo to rbot�duty tilod f r rcoord in 1ha officlnl t�coords
<br /> ,� ,.� .-.:;: -"-. Trustors'inucest in tho properq+
<br /> . '�1r��:'• :` of t0o oounty in which tl►e praperty is lo�tod•
<br /> :�"�`:�d�t.����,.
<br /> � , �}�:.�. . 17. Should ttw BancAciary'cloct tu forooloso by oxcrciso of tl►o powcr of s�lu hcreia oont�►itr�xl,tho Bencflelaty et�all notlfy oa
<br /> ► ; ..,:�}�•"�•, nnd stiall depesit wlth Tn�st►.o tWa Decd of Tmsl�nd tho now und such rcoeipts and avidenoo of axpcndlt�and dell�vcr d
<br /> ...,, hereby as TnWeo caay�equire,and upon request of tho Beneficiury,tho T�ust�shap causo to bo roodrdal,Pub
<br /> re
<br /> �r: ``' to T�ustor such Notioo of Default and Notice af Sule As thca requircd bY!uw und bY thia Dced of Tnist.Tcustoo ehall without dc
<br /> °• s��•!'�' on Tnutor,after cuch time as may then bo ro9uired bY �aw su�d aRor�eoorda�ion of such Notioo of Datault und aRer Notioo of Snle
<br /> " � � =����° + paving�een glven As requirod by law, seA the propotty at the dmn a�1d placo of snlo Hxed by it in such Notiao of Salo.either s�v u
<br /> �,�j... .fi��'•�,
<br /> whole�or in separate tWa ar pareela or items as Tn�stec+ehAll dc�em e.�p�ient, und in such order us it�oay dctcrmine. At pn c
<br /> �: ��` '�- '�'A��= auctlun ta it►o l�igh�sl bidd�er for caeh and shall delfivet to such purchaser or purchnsore themaf n detd ta tho Property sold,oonslstent
<br /> . ..F�.,,;•, ,,. � with the law then ia�ffect. Etoeiwls in the Tcusteo's dc�ed sbaU bo pdma facio evidanoe of the uuth of the statements��b t
<br /> r.�,•�`��_`. . . Tn�ste�e sl+all apply tho prooeods of tho salo in tha followiag otdor:(a)to ull reasonablo auts and:a.�pe�of tho salo�
<br /> �f �"".�^"T:�� not limita!to Tiust9e'e feas of not morc thtu►2%o f t he Bro���P��•��b l o a t t o x t a s y f e e 9 an d o o s l s of title evidenao;(b)to all
<br /> ����, � sums secured bY tt�is Decd of Tiust; and(c)the exoes�, lf uc►y. to tho person or persons leg,tttily entitled thCreto, �Y�Pa f�Jl
<br /> � �,; � includlag tho Bcneflcis�ry',may purchaso said propertY at snid salo. Tn�stec may in the manner providad by lAw,postpo
<br /> ,`�""� ar any portlan of tha Prop�rlY• _
<br /> 13. Truatco�u►d tho Beneflciary'.and each of them,shall bo or�UticA to onforeo payment and pedora�anoo of nny Mde�Diedness or
<br /> obligatl9n s�ured horeby and to uxcrciso ail dghts and powors under this Dced af Tmst or under nny loan instnuaent ar other ,
<br />_ - -_- , ���-� �gmeme�at or aay law�s aor ar hemattor enforoed iwnvitUsstanding somo or eU of ihe ladebtedness And obligatlons securod herebp �.
<br /> . ; which may now on c�rcaftcr bo othenrlso sccured��yhccher bY u�i�gega. dccd af ieuss. pled$e. !�,as�S�IIs�'r�enedee. _
<br /> � � IJoither tho uooeptanoa of this Deed pf r�ust na•ite er+forasment.whcther by court action or pursuant to tt►o power of sale or other -y
<br /> �, , powers herein oontalued,shnll preJudlce or ln any manner af�'ect Trustec's or the Aeneficlnry's dgh4 to ccallxo upan or enforoe ai►y _
<br /> � other scxudty now or hor�tRen c�ld by Tn�stea or tho Beneflciary, it boing pgroed that Tiustee and the Boneftcis►ty. tuid cach of
<br /> ' `'"'�� thom,ahAll bo aatitled to enforoo thls Deed of Tnut anu uny other secudty now ar hem�ttor heltt by the HeneRciAry or Tiustoe in =
<br /> � ,: .
<br /> suc6 ordor and mcuuwr as thcY mr�Y�n thMr absoluto dlscretion determine. No rorrtedy hcrein conferted upon or resorvcd to Ttusteo =
<br /> �- ' or Heneficlery ie intended to bo axclueive of any other temedy herein or by l�w providcd or portNried,but oach shal be cumulative
<br /> and sb�ll ba in addition to cvcry othuc rcmedy givon hcrcundcr or now or hereafter onist�ng at law or c�quiity or by statuto, Every
<br /> , `.`,�,,;�,;;;, powet or remedy given by any of the toan instruments to Ttusteo or the Beneficiary or to which eithei of ih�m mAy bo othcnvis9
<br /> ,� ,�,,: •:a ..
<br /> . �. .�,. ,. endUlr.d maY bo exerclsed.con�vreeudy or independently,from timo to time and as often as may bo deem:d ox�dient tustee or
<br /> .,�,;,.�;�,;<'
<br /> .;,,•�;;. .:., Benefic�ary.and�itd��r of them may puzsuc am�'nsiatent romedies.Nothing hcrein shall be conatrued as proWbiting the Hen uia�y
<br /> ... , �'����.1
<br /> from seeking a dc�f'icicncy judgm�3e1 s.�raifst Tcusoilao�o det'a�and that laz�}� aarioe og sala hercundcr bo mailed to Tnutors at t�e
<br /> '� ' .''�°` 14. Tnistore hereby re4u�i a orr�y aAY
<br /> �� address sot forth in tt�o flrst par�re�ph of�hia Deed of Ttust.
<br /> - 1S. The Beneflcn-a+ry may,bY a wr�tten instnunent executed and acknoxD�lged by Heneficiary.mnil�d to Tnistors and tecorded in
<br /> " �0��� ;0 �u a suxes,sor o�he Trusteo named heroln or s ng h r�eunder.��pro��ons of the Applicable iaw of tho State o�f
<br /> NebrasWi,substi tt�
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