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<br /> � � 7,ApPOINTM�NT QF HUCCF.9H()R TRUB'C�I:,&+netici�.�y mv�y,from tlme W time,by a writun inetrument exeeuted Mnd _
<br /> • wcknt�led�ed by Heneficiary, muilr.d ta 7`ruetor and R++corcic+i in �he County in which tho Trunt Fxtato ie Iceutocl xn�by -
<br /> . Wherniw oomplylag with tho�rovfnfanM of the xppuu�ble 1aw��f ihc��tuto of Nebrenlcu aubetitutu e euccenxor or wucce�re tc� _
<br /> � + the'i�wta�u�med herehi ar xcti»�herounder. ,
<br /> � A.SUCCE8.90R8 ANI)A4.91liNA.'1°hiw[leed oP'IYuet.t�p}�li�r�to,�nuree to tho benoiit of xnd Ainds ull particx hereto,thelr 3,
<br /> 1
<br /> helrn,IsRata�,divomnA,�xmonul mpnrK+nta�tivr9,Hucc:cxnnre a�d�e�+ig[u�.Thn term "If�+m�llr.inry'�hnll mean tha owner and
<br /> . � holder nf the Noto,whMhur nr nut nam�d wn Hemelicinry he�rnin,
<br /> A.INSPF•CTION.lionulicinry nr ite ngont muy makc reennrn�lile ontrloe upon und inep.�ctinnx nf thu Nro{�rty, Ifonoflciary
<br /> �� nhnll givc 7Yu�G�r nntim nt tho time nf ur prinr ta ntl(ns[:<<Y:tiun N�.x�cifying reueouublc cnuso for tho Inn{HV;tion. �
<br /> � .. . USTOIi NO'P NF:I�KA:ih:l); FY)RHkARANCF:liY f31:N.1i1�1CIARY NOT A WAIVl:R.E:xtanaian oi'thu limu Cor puyment L,''
<br /> 10.TR
<br /> � oe modiAcation of emartlxNlion of�he eume xocun�d by thia S�x�wity Inatrumont granted by AenaAcinry to nny euca�axor in �,-
<br /> intorost of1Yu++tar Rhall not n{x�ratu ta ralerwe the liability uf tht+��riginal Truxtar or 7'ruetorr+xucccaxore in inwroxR.Ronoficlary [;;
<br /> , ei,.,,,.w�� ehnU not be required to commona+ pmce�.dings egaintt any oun:ei+sor !n int,�mat or refuae W extend Nmo for p�ymoat or ;,
<br /> 1 othorwiee moditjr emortiastion of thc eume securod 6y thia Sccurii.y In�trumont by renson of nnv duaiand mado by the original _
<br /> � 3 Truetar or Truntcir'e eucceaxore in int�reat.Any forbei�rnncYt by Rnnoficiury in exerciHing any right or remwly ehall not bc�a _-
<br /> ! wuiver of or preclude tho axercise of uny right or rontc�l: °°
<br /> '� 11.TRAIVBFER O?�THE PROPEftTY OR A BENF.T'ICIAJ.,INTEREST IN TAUSTOR.If ull or any part of the Property
<br /> � or any intereet in it is aold or trnn�ferred(or if u be.nefir.°.al intctrest in Truetnr is sold or trnnsfemed nnd Trustor is not a _
<br /> F, natural pereon)withaut Beneticiary A prior writt�n c�ns.�:nt,F�unoficinry mny,at ita option,requiro immediate payment in
<br /> full of all sume secured by this Security Inetrume.ni,howe�•er,thia option ehall not be exercised by Heneficiury if exercise
<br /> . Ia prohibit�d by fctiernl ln�s•ns of the dnte of this SSeeurity Inslrument.If Beneficiary oxercisea thle option,Benoficiary ahall
<br />- ' � give Trustor notice of accelerntion.Tha notice shn11 pmv�do n period of not less than 30 dny� fmm the date tha notice iu
<br /> delivered ar mailad within�vhich the Truetor muat��y all Hums aecured by this Security Ingtrument.If Trustor faila to
<br /> pay these sums prior to the e�irntion of thia pc+riai,Rirnefic�iary may invoke any remediea permitted by this Security _
<br /> " Instrument without further notice or demand on 1lrustnr.
<br /> 12,EVENT9 OF DEFAi1LT.My of tho following�ventn ahnll he deemed an event of default hereunder:
<br />- •. a.T�ustor ahall havo failed to mako paymnnt�uf uny inntullment of intereat,principal,or principal and interest or
<br /> any other sum secured hereby whon duo;or
<br />- � b.There has occurred s brc�nch of or dufnult undc�r any term,wvenant,agreement,condition,provision,represen-
<br />: tation or werranty contained in any af tho Loan Instrumc+ntn. _
<br /> ��• � 13.ACCELERATION;REMEDIES.Beneficiary sht�ll brivr notice of default to Truator prior to acceleration following
<br />- , • �ustode breach of uny covannnt or ugreement in tluN Truxt Deed.The notice ahall specify:(a)the default;(b)the action
<br />�;,<<. . .. required to cure the defnult;(c)a datn,not less than 30 dnys from the dute tho notice ia givento'14�uetor,by whictt the
<br /> default must be cured:und(d)tht�t failum to curo tha dc�fault on or before the date sp�2ciSed in the notice msy reault in
<br />�••-. �, � ameleration of the suma secured by this Securtty Ins:rument and sale of the Property.The notice ehall further inform
<br /> '° ' '"`'�. Z4vstor of the right to roinstflte after acceleration and IJse right to bring a court action to aeseri ti�e non-uxiniuuiz of a
<br />='�--� . � default or any other dofenso of'lYuator to acceleratian nnd sale.if the default is not cured on or before tha date epecified
<br />�'"•`�"��'��� in the notice, Beneiiciary at its option may raquirrr icnmediate payment in full of all sumA secured by this Security
<br /> ,.•.;. ,.,�,::.
<br />-::�;:;,�-,�:,,� Inetnunont without further demand and may invoka tho power of sale and any other remediea permitted by applicable
<br />_ _`°-�;'"w'�.� law Trustor ehaU be entitled to collect all expan�es ir+cavred in pursuing the remedisa provided in thie paragraph 13,
<br />=°'°?°�'�'�. +r'�� includin ,but not limited to,reusanable atWrnoy'a fees�nd costs of title evidence.If power of sale is invoked,'I�usteo shall
<br /> --''='��''_�'' rernrrl n notice of defsult in each county in whicfi sny�ctnc of tho Property ia located and ehall mail copiea of such notice
<br />==R�'•:�•.i in the menner pt+encribe3 by applicuble law to'I`tus►or and to the other pereone ps�ecribea by appiicable law Aftor the tima `
<br />�,�`•��: uired b a licsble law,Tru�cee ehall give publia aotice of aala to the pereons end in the manner prescribed by appGc-
<br />= =.7i°#t' �4 Y PP
<br /> =-��`�="`��� able law Tlrustee,without demand on'llrustor,shnll sell tho Property at public suction to the higbeat bidder at the titae
<br /> �-"°""�`'� and place snd under the terme desi�ated in tho notice of salo in une or more parcels end in any order Trusteo determines.
<br /> .--_�aca
<br />�'^� Truatee mny postpone eale of�Il or any parcel of t6v Prnperty by public announcement st the time and place of any pre-
<br /> ----- viouely schedulad sale.Beneficiary or its designoe may Pu�hase the Property at any eale,Upon receipt of payment of the
<br />—�=F��j°'D'=�� prlce bid,Trnetea ehall dalivvr to the purchaser 1`ruF:ee's deed conveying the Property.ZUe recltale in the Truetee's deed
<br /> - ---`°�� shall be prima facie evidence of the truth oF the xtntements made therein.Truetee ehall apply the proceede of the sale in
<br /> ��:�.��
<br /> — ��.�.�� the follotving order:(a)to ull expenaea of tk+e sa1e,incdiiding,but not limited to,Truetee'e feea as permitted by applicable
<br /> " r law and reaaonable attorney'n fees;(b)to a11 sLw���cured by this�ecurity Instrument;and(c)any excess to the pereon or
<br />- `'�� poraone legaAy entitled W it.
<br /> -;�=,��c.:,. -
<br /> -'�"''° 1�. �ENEFICIARY IN POSSESSION. Upoa acceEcration under pusagraph 13 or abandonment of the Property, -
<br /> -`°'� Beneficiary(in pereon,by a�ent or by judicially appoinWd receiver)shnll be entitled to enter upon,ta►ke posseaeion of and
<br /> ----��i� manage the Property and to collect the rente of tlio Property including thoee past due.My renta collected by Beneficiary
<br /> -� os the reoeiver ehaU be applied firat to paymcnt of tho custx uf manegement of the Property and coUection of rents,includ-
<br /> ing,but not limtted to,receiver's feea,promiuma on receive�'s bonde and masonable attomey�s feea,and then to the eums
<br /> _ „��� .�' secured by this Securlty Instrriment.
<br /> _----� '�"� 16.REMEDIE9 NOT EXCLU3IVE.Tru�tae and Beneficiary,and each of them,ehall be entitled to enforce payment
<br /> -�-W.��-�. and performance o f nny in de bt e d neae or o b liga t ions�ecur e d h e r e b y a n d t o e x e r c i s e n l l ri g h t s e a d p o w e r a u n d e r t h i e D e e d
<br /> -^�';,,,�
<br /> - ��•,, �.,��, • of Tcust or under any Lonn Instrument or other agreement or nny laws now or hereafter in farce,notwithstanding sonie
<br /> ' "::�+:!'' or all of the euch indebtednese and obligations secured horeby mny now or horeafter ba otherwiee secured,whethor by
<br /> - � • mortgage,deed of truat,pledge,lien,aesignment or otherwise.Neither the ucceptance of thia Deecl of`l`rust nor its enforce-
<br /> �• �� ment whether by court action or pursuent to thv power of Rale or other powers hei�ein contairied,ghall prejudice or in uny =
<br /> mannor uffoct Truatee's or IIoneficiury's right W realize upon or enforce any other security now or hereafter held by'Pruetee
<br /> - �'.` or l3eneficiary,it bein�agreed that Truetee and$eneficie�ry,nnd each of them,ahall be entitled to enforce this Deed of Tn�et
<br /> � ° nnd any uther security now or hereaftor held by$eneficiary or Truetce in such ordex and mazaner as they or either of them =
<br /> " may in thoir sbsolute diacretion determine.No romedy herein conferred upon ar reaerved to Tru�tee or Beneficiary is �
<br /> intcanded to be exclusive of any ather remedy herein or by luw provided or permitted,but euch shnll be cumulative and
<br /> ehall be in nddition to every other remedy given hereundcr or now or hereafter exieting at law or in equity or by stutute.
<br /> , �'� Every power or remedy given by nny of the Lonn Instruments to Trustee or Beneficiary or to which either of them mny be
<br /> - -
<br /> ...�,o.....m o.,r.*t� mnv M wYnrriand.cnncurrendv or indea�ndentlx from time to timo e�nd ns often ne mqy be deemed expe-
<br /> -: - - - t ..._--••---------�----�
<br /> • • dient by Truetee ar Beneficii+ry and either of them may pureue inconsi�tent remediea.Nothing herein shall tw conatrued
<br /> " ae prohibiting BeneRciury from aeeking a deficiency jud�nent agninet the Trustor to the extent auch action ie permitted
<br /> by law. ;
<br /> 16,GOVEANING LAW. Thie becd of Trust ahaU be governed by the lawa of the Statc+of Nebraskn.In the event thnt
<br /> any provieion or clauso of any�f the Lonn Inetruments conflicta wit.h npplicuble luws,such cantlicta shall not affect othor I
<br /> provieione of euch Loan Instruments which can be qiven et'Ft�ct without the conflicting pmvieioa.und to this end tho pro-
<br /> visions of the Loun Inatrumenty are declured to be severuble.This inetrument cnn��ot be waived,changed,di�charged or
<br /> terminated orally,but only by nn inetrument in writing xigned by the purty againnt whom enforcement of nny waiver, �
<br /> chnnge,dischurgct or terminntion ie sought. �
<br /> 17. AECONVEYANCC. Upon payment of all sums aecured by thie Security Inetrument,Beneficiury ahall request
<br /> Truatee to reconvey the Property and shall surrender this Security Inatrument und all notee evidencing debt�ecured by
<br /> ` this$ecurity Instrument to'fru�tce.Trustee shall recunvey the Property without warrunty cutd withnut churge to the per-
<br /> �on o�pe�p�►�eg��titled to it.Such person or perxon�ehall pay any recordation coats.
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