|
._._.n
<br /> ,1� , _ '., :-
<br /> ' .,,�`�il�,.. . .� �, '�'4a�
<br /> - i w4jkh�j�d,RV...t . . .. . . ' ... - . . . . . . .. . ....��; •�e._.—..�.
<br /> ^.L��fi1.
<br /> � ' � ' �.10G8i6 g d��:_�---_
<br /> , to-15-1996 DEED OF TRUST 97 Pe e 5 ;:�;:���..
<br /> -.'..��'-.4i'V���
<br /> Loen No d6080 (Continued) •'`�`�-
<br /> Breech�t OthE� Aqreemont. Any breaClr by�Trustor or Barrower under the terms of any Other�igreemont betwoen Truslcr or Borrower end
<br /> Lender t�at 1s not remedi9d�n�hin any grece period providetl therein,mcluding wdhoul Iimdation Qny ugreemenl concornmg any mdobtedness
<br /> or olher ubligotfon of Trustor or Borrower to Lehder,whether existing now or Inter. _
<br /> I EvEntB AlhlCtlny(iva��ntor. Any ol the proCeding evenis occurs with respec►�o any Ouarflntor ol eny ol ihe�ndoblednes5 or nny Guarantor
<br /> d�es or bacomes incompetent,or revokc:s or disputes the validity of,or hability under.Any Ouaranty ol the Indebtodness. Lender,at ils opt�on,
<br /> . i mny, bul shall not be roqu�rod tu,permit the Guarantor's estate to essume unconditlonnlly Ihe obilpations ans�ng untler iho guaranly�n a
<br /> •i mannor seustactory to Lender,nnd,in doing so,curo Iho Evont of Defaul!. �'
<br /> , I Adverae Chenpe. A matenel adverse change occurs m Borrower'S���anciel conddion, or Lender beheves Ihe prospeCt o� paYmem or
<br /> 1,_.=.
<br /> performance of the Indebtedness is impa�rpd. :
<br /> ��''"° 1 ExlStlny IndEbtednes9. A de�ault shall oCCUr under eny Existing Indeb�edness or under eny ins[rument on Ihe Property secunng any Hxisting ,,f'._,.
<br /> . �'r►' I I ndebtetlness,or Commencement of any suit or qther action lo�oreclose eny existing lien on Ihe Property. _
<br /> RIQht t0 Cure. �}such a fadure is curable and d 7rustor or Borrower has npt been g�ven a not�ce ol a breach of Ihe same prov�s�on o�th�s Deed �: �c::
<br /> o�Tiusl w�th�n th0 preceding lwelve(12)monihs, d may be Cured (and no Event of Default w�ll have occurred) i�T�uslor or Borrower,afler o T,�r^.�
<br /> i Lender senUs�vniten nohce demandinA cure af suCh failure: (a)Cures ing ladure wdhm iwenly(ZO)day5:or (bl�f the cure requues more than Y,.'
<br /> �' twonty(20) days,immetliataly initiateS Sleps suftiaent to cure the fadure and thereSfter conUnues and completes all reasonable and necessary �f"'��
<br /> steps SuN�cteN to produca compliance aS soon as re8sqnably pracUCal. --
<br /> maay exerci eOflny 0 eOoEmore ofEhe fo owi g ights a dc emed es,tin edditioo to any other rghls or remedl0srprovided by law�L�nder, a1�IS opt�on, —
<br /> AccelerMlon upon Oetautt;Addltionel Remedies. If any event of detault occurs as per the terms of the N�te secu►ed hereby, lender may
<br /> declare eu Indebtedness secured by this Deed of Trust to be due and payable and the same shall fhereupon become due and payabie without —
<br /> any prASentmont,domand,protest or notice of any kind. Thereafler,Lender may: p.�_
<br /> (a) Either m person or by agent,with or without bnnginfl any aclion or prceeeding,or by a receiver appointed by a court and wdhout
<br /> �' regerd to the adequacy of its security enter upon and take possession of the Property,or any part thereof,in its own name or in the name ��_�
<br /> ,t , of Trustee,end do nny acts which it deams necessary or desvable to preserve the value,marketabildy or renteb�lity of Ihe PropB�iy,or pari
<br /> � � of Ihe Property or mterest m the Property:increase the mcome from ihe Property or prolecl the secuniy ot Ihe PrOperty:and,wdh or without �
<br /> ' �•''�...'- tak�ng possession of the Property,sue for or otherwise collect the rents,issues end prqtds of lhe Propedy.including those past due and - ��"—
<br /> � .� unpaid,and apply the sflme,lass cosls and expenses of operation and couect�on,inciudmg aflorneys'(ees,to any Indebtedness secured �Y
<br /> by Ihis Deed of Trusi,�II in such order as l.ender may determine.Tho entenng upon 9nd taking possession of ihe Property, ihe collectian .���'`
<br /> � ��
<br /> ��44 of such rents,issue&and prohts,and the app�ication ihereof shall not Cure or warve eny detaulP or notiCe of default under th�s Deed o}Trust
<br /> .,�. or�nvalidate any act dono In response to such default or pursuant to such notice of defnult; and, nolwithstanding the contlnuance in F�-_�
<br /> pouession of the Property or the collectfon,receipt and appiication of rents, issues or profits,Trustee or Lender shall be entitled to �-
<br /> exerCise every right provided for in ihe Note or the Relafed DocumeMs or by law upon the occurrence of any event ot default,mcluding the t:-_
<br /> d. nght to exercise the power ot sale; `--
<br /> �' (b) Commence en achon to foreClose this Deed of Trust as a mortgage,appolnt a receiver or spacificelly enforCe eny of the co•ienants
<br /> '- ___- iinroui,di��
<br /> (c) Dehver to TruslE3e fl written declaretion ot defaull and demand for sale and a wniten nolice of defauil and elechon to cause TruStor's
<br /> mtflresl in the Property lo be sold,whiCh notice Trustee Shall cause t0 be duly fded lor rbcord in the 8ppropnate oHiCes Of the County i�
<br /> + wlueh Ihe Properly is located;and
<br /> ''' r (d► Wdh respect to ell or any part of the Personal Properly.Lender shall have all ihe nghts antl remodies of a secured parly under Ihe
<br />' ' Nebraske Unfform Commercial Code.
<br />- Foreclosure by Power of Sale. if Lender eiects to foreGose by exercise o�the Power of Sale herein contalned,Lender shall notify Trustee end
<br />�� ., shalt deposit wfth Truslee Ihis OeeU o1 Trusl and the Note and such rece�pts and evidence o�expendflures made and secured by this Deed of
<br />-. � Trust a6 Trustee may requiry.
<br />-� • ��� (a) Upon receipt of suCh notice from Lentler,Trustee shall cause to be recorded,publfshed and delivered to Trustor such Notice of Default
<br /> • and Notice ot Sale as then required by law and by thls Deed ol Trust. Trustee shep,without demand on Trustor,aHer such time as may
<br /> . ,,., then be requirod by law and atter recordation of suCh IVotice of Default and aner Nolice of Saie hav�ng been given as required by law,sell
<br /> '' the Property at the flme and place of sale fixed by ft In such Nolice of Sale,either es a whole,or in separate lots or parcels or ilems as
<br /> ;�,,,:�.;. .;; � Trustee shall deem expedient,and in such order as fl may determine,at public auclion to the highest bidder tor cash m Iawful money of
<br /> Ihe United States payable at the time of sale. Truslee shall deliver to such purchase�or purchasers thereof its good and sufficient deod or
<br /> � ' . deeds conveying ihe property so sold,but without any covenant or warranty,express or implfed. Tho recitals In suCh deed of flny mat►ers
<br /> -.:�`KK�. r°��' ' or taCts shall be Conclusive prool of the truthtulness thereof. Any person, fncluding without limdation Trustor,Trustee, or Lender, may
<br /> '�'%� pwchase at such sale.
<br /> � � �� (b) A5 may be permilted by law,after deducting all costs,fees end expenses ot Trustee end ot ihis Trust,�ncludmg costs ol ev�dence ot
<br /> ' h118 in conneCtion with sale,Trustee shall apply the proceeds of sale t0 payment ot (i)flll sums expended under Ihe torms ol thls Deed ot
<br /> � TruSt�r unU4r ihe termS of the Nole not then repafd,inCiuding but not limit8d to atCrued Inlerest end late Cherges, (ii)all other sums ihen _
<br /> :.�ti: • • seCUred hereby,and (Ifi)the remamder,if any,to the person or poTSOns 1eg911y entilled Iherelo.
<br />-.0_ • �c) Trustee may in the manner provided by law posipone sele ot ali or any poriion ot the Property.
<br />—:+w-.�.�����'� Remedles Not ExCtusfve, Trustee and Lender,end eaCh of them,shaU be entllled to onforce payment and pertormence of any indebtedness
<br />- "''"'"` � or oblgations secured by ihfs Deed of Trust and to exerdse an righls and powers under this Deed of Trust,under the Note,under any o�the
<br /> •-,.
<br /> ' .,:,-: . • - Rqlated Document5,or under any other agreement or any laws now or hereaNer in force;notwithstanding,some or all of such Indebtedness
<br /> ` and obligations secured by thls Deed of Trust may now or hereafter be otherwise seCUred,whether by morigage, deed of Irust,pledge,lien,
<br /> �rt ''� � assignment or olherwise. Nelther the acceptance of this Deed of Trust nor its enforcement,whether by courl action or pursuent to ihe power ot
<br /> �,,�.�: sale a other powers conlflinod in this Deed of Trust,shall prejudxe or in any manner eHeCt Trustee's or Lender's right to rea��ze upon or
<br /> , ;,:;,�,. � � enforce any otner security now or hereaNer held by Trustpe or Lender,it be�ng agreed that Trustee and Lander,and each of ihem,shall be
<br /> entitled to enforCe th�s Deed of Trust and any olher seCUrity now or hereafter he�d by Lender or Truslee�n such orde�and manner a5 they or
<br /> � eithe�ot them may in their absolute discretion determine. No remedy conterred upon or reserved to Trustee or Le�tler,is intended to be
<br /> , ,� exC�us�ve o�any other remedy in ihis Deed ot Trust or by Iaw proNdetl ar permitted. but eaCh shall ba Cumulatrve antl She��be in adddion to �
<br /> " every other remedy g��en in thit Deed o�Trusl or now or herea�ter ex�stinq at law or�n eqwty or by statule. Every power or remedy qwen by the
<br /> `,''�� � Noto or uny ot the Relaled Documents to Truslee ar lender o�to �vhiCh @rther of them may be otnerwise enhtied. may be oxerc�satl, ����_--
<br /> • � ConCUrrQnlly or independently,irom lime to hme and as otlen as may be deemed expodient by irustee a Lentler,and e��her of inc�m maY �4 fi
<br /> - pursue �nCOnsistent rernetlles. Nothing in thls Deed of Trust sha�be Construed es prohibdmg Lender Irom seehmg a tle��ciency�udgment �;?.,_
<br /> • against the Trustor lo ihe extent such actlon is permitted by�aw• �"M'�,���
<br /> .s.-,.,._
<br /> Request For Notice, Trustor,on behell ot Trustor and Lendar,heruby requests that a copy of any Notice ot Deiauit and a Copy ot any Notice t<'�,d--_-
<br /> , j of Sale under this Deed of Trust be malled to them at the addresses set forth in the first paragraph of lhis Deed of Trust `'�:!�-;
<br /> Walver, ElCCtbn o1 RemCdlea. A weiver by any perty of e breach of a provislon ol thls Deed of Trust shall nol constilute a waiver of or `�
<br /> �...
<br /> ..u.......n..�e3nn Florlfnn hv 1 AOdGt 16 DIlfSUB BflY -
<br /> •_ .__.�--�-� ..� ...''_ "_.__^
<br /> pr@JUdIC6 ihB perty'S dghi5 Othenwse t0 Qemeno sirici compiiync,v xnn uin�N��v�o�v��.d:::i........ r.-..-.-... _.__.-- -• .- . — -
<br /> remedy provided in Ihis Deed of Trust,the Note,in any RelBted Document,or provided by l8w ShAll not exclude purswi ol any other remedy, �. �
<br /> and an election to make expenditures or lo take actian to per�orm an obligation ol Truslor or Borrower under th�s Deed ol Trusl after la�iure ol
<br /> Truslor or Bcrrower lo per�orm shall not aHect Lender's r�ght to declare e default and to exerc�se any o��ts�emedies.
<br /> Attornelys'Fees; ExpCnSQb. If Lender in5tilute5 eny suit or ection lo enforco any of th0 terms o�this Dead Of Trust,lUnde�shell be entitled to
<br /> recover SuCh 5um es tho court rnay adjudge�easonablo as atto��eys'�ees at ina� and on eny appeal. Whelher or not pny caurt acl�on is
<br /> mvolv0d,all rea5onable oxpenses incurred by Lender which m Lender'S opimon are nctCessary al any Ume�or the protection of ds mleresl or the
<br /> entorcoment o�its nghts shell beCOme a part o}Ihe Indebtedness payabie on demand and shall bear interesl Al lho Noto rnlo t�om the tlate o�
<br /> expend�ture unt�l repaid. Expenses coveretl by Ih�s paregreph inctude.W��hout I�m�tnUOn,however sub�ect lo any I�m�ls under applicab�e iaw.
<br /> Lentler's etlornoys lees whelher Or nol there�s a�awsud, inC�uding attorneys'fees lor bankruptcy pioceedmgs I���ciuding o��o��s�o modify o�
<br /> vacale ctny automal�c stay or �n�unclion), appeu�s and nny nnt�c�pated posl-�udgment colleetion serv�ces, �he cost ol sQa�ch�ng racords.
<br />� obta�mng b�le rppods (including loreclosu�e reports).su�veyor� reports.oppraisal tees.L►le insurnnca. o�tl�QOS�or Ihp liUStee.to ihC 9xlenl i
<br /> , perm�ited by upp��Cable law. Trus�or also wdl pey nny Court casts,m[tdddion lo all othe�sum�prov�ded by�ew �
<br />= RIphI6 of 7ru8tee.Trustee shall have till of the nghts 0nd duUeS oi l-ende�as set lorth�n th�s secbon. I� '
<br /> POWERS AND OBLIGATIONS OF TRUSTEE. The follow�ng prow5ion5 relatmg to the powors and obligati�ns of Truslee are part o�Ih�s Deetl ot
<br /> - , .,•L,�
<br /> . e • R
<br />
|