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<br /> •,' ��x �sntitled to all campensationt awards, and other paymeats or. relief
<br /> -�• � there�Eor, and shall be eatitled at its option to cotam�nce, appear in, and . . .
<br /> ",. � grosecute in its own name any action or psoceedings. HenePiciary �hal1
<br /> '� �'°"� also be entitled to make any compromise or settlement in connection with
<br /> ` � ' ,''M�-';' such t�king or damag�. All such compensation. a�aards, damages, rights oP
<br /> �� " action, and proceeds awazded to Trustor (the "`Proaeeds") are hereby � �.
<br />-_V��=' r:��.:�-�'"- assigned to 8eneffciary, and Trustor agrees to execute such further << -
<br /> ' �..�<_ . . . . assignments o� Lhe Proceeds as Beneficiary or Trustee may require. ��
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<br /> .- �'�.;���' 6. �g�y*m*rt"-*T �F �JCGL'SSO T�S�F'x'. Heaeficiary may, from time
<br /> .��ti;_".;�;��� ' � ta time, by a wr�tten insts�ent exe�ted and acknowledqed by Heneficiary,
<br /> ?,� ''��'�`"'"�' ma3led to TYUS�ar and Recosded in the County i� which the Trust Estate is :•� _
<br /> .°r,.:�:ti.`x�,,rt:�a .: ,. .�.:" .
<br /> :'' '-����TL'�"�y��'�� Iccated and by otherwise complying ws.th the Provisions of the app�icable
<br /> .t,. . :;°�:.��....:.
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<br /> �.� �.�.�,�z<�.:,�• law of the State of Nebsaska; substituLe a successor or successozs ta.�e
<br /> �� �i:�;;�,si:;��ti;;;._.,� . ,
<br />�:���,•�„Y.:+ Trnstee named hereia os acting hereande�. , _
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<br /> - �:; ?, cr� ruaSORS ANT� ASSZGNS. This IIeed of Tseyst applies.to, inur�s � �;
<br /> �• �_ � �o the benefit of, and binds all parties hereto, their heirs, legatees, .;;?,, ..
<br /> . ..�,, � ,..._.
<br /> - devisees, pgrsonal repxesentatives, successoss and assigns. The term. ��t�•_
<br /> � � . . ;..<<-�� �Hene£�ciary" stiall mean the owner and holder of the Note, whether or not . .�;�- _
<br /> ° " • n�uteg�;� Beaeficiary herein. � �.:,;:
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<br /> � . ';i��. �g E�C�tONS. eenefiaf.arY,. or its aqents, representatives, or � `
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<br /> wost�n, are authorized to ent�r;:'�'t any reasonable tiuce upon or in. any_part . �'-_.*
<br />.-.,-�{•'.�.- tL�I of the Trust Estate �ar the p�pose of inspectfng the same and for the �
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<br /> � . <„ � purpose of performing am�..of the acts it is authorized to perform under the �
<br /> . ' .,� teuas �of any of the I,� Instrvments.
<br /> • g. �NTS oF DEF'AQI,T. The occurrenCe of any of the following �,�� '-
<br /> - ,, ev�nts shall be an event of detault under this Deed af Trust:. =
<br />� 's � �,.� ,a. faikr,�e to pay any a�cz�:�,oa the,Notes,w� due: or 3. �-:
<br /> ` �f . . ` If��' . _��.d '���,3f�.to pa�;�.g �Cr���indebtedness beL#k��c� Trustor and ���
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<br /> ,`,�����„%�'1,�;�3 � `„ �.%,�eilef�.c�� whei��due, w�e�a�:� SeGi}red Hereby ar not Secured:,�xeby; _
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<br /> tiY�,y �tS°�'°{�3�d .. � .•.t .Or . . ' .t• � , ' �.. . ' ':,
<br /> r}�e,,t r t� .�' ' . •. . . , c r -
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<br /> �`.y`� �c. dePa��t os breach by the Trustor unde.,� it�e terms and ,� :;;�..;.: ��.��
<br /> . . ,. -
<br />- •- conditious of thie Construction'Loan, Note No. 32I80�'�ated September ..;�;.',.�.,' . ��;__
<br /> �-,�� � 10, 1995, executed by the Trnstor and given to the Benefici.ary: or . • o�a�_
<br /> ..���',. . . �YiWY'.
<br /> d. default oz breaah of any covenant or agreement of �the. - � "l�,;G�
<br /> � " ;��' Trustor or any co-maker, endorser, guarantor or surety of the Note � r;�-
<br /> � '%. :`�,� . � , � in the Note, this� Deed bf Trust, or any other agreet¢ent, instrutueat � :;'�_�;
<br /> ` • ' - _�r 'writing, whether or .not contemplate8 by or mad�' or delivered � . .
<br /> t;��i . � > . ;, .��r�rsuats�':�o or in• conaec��a w4th the Nate o�;.thie DeeB oY Tr�2�,or ��,�.,
<br /> tt��t�i ; ". ; :, .. . .: .. .•_ ,: •,;'_ `;'•:, :;. . �, ....,.:• •.. ,,
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<br /> ��Kr .-� r . -���r ,�`� @ i: ' � any ,s+�a�eme:�t'.�made�by the '1'rustE+�5i"'.•"�'.t2".�.,��`.,tsxtCh co�iftgker. : ••�: ,-:
<br /> ����; �.��ndorser, gua�ra�.��• or surety to the Benefi�f��,�y �� �ny time shall ',;'.;:;'.` ; . ,r, ;
<br /> � prove�to have b�.� iACOXrect or misleadfnq .it�� �u�'�?��ria.l sespect , . � ;.
<br /> '";��a: � when made: �oi, . , � ;�;:�'.
<br /> � '. . '. , . �• ` �=
<br /> ,��+ .: �C,:�. the. ��.tstor cr, any such �co-maker, e�do�...,�r.� guarantor or . �C��
<br /> � � �� � surety��'sisa2i.�be:�r. becaz�e 3nsolvent, or initiate. r��z,��ave initiated.
<br /> � '� ' � against' it an�...��t,. process or proceeding .unde�;��.:a;.�y insolvency, �;•'��,., .
<br /> ; , � `': .. . •��bankrugtcy or.sixsilar laws or � `.� . . . . .
<br /> .c r�,E. :. ' ;' � . �, . .
<br /> '` � � � . . c�,. ;.�.the T�ustor or any such co-make��;;;'�qrser,' quaraator or
<br /> � `'� � � ' � • sure�y' ��11:. d��.,, be dissolved or liqui,d�;�„',r�����„_. •consolidate,
<br /> .;kfA�� �. transfeY�;�.subs+¢�a;�ial part, of thefr psope�t,�r ?s�:a ,��,�����artnershfp, �
<br /> �. � . ;��j' . :snffes kir$. .Q�a�l�+? �3issolut�on or liquidatia�x'.��i:.:ar�y�:�?��tnez. �� �
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<br /> • .;, ' `,;`,` 10. f^"`�R°°n"TIO1V UPDIv II�FAIILT AADiTZOt71� '•I���A�I�S. Should an �%
<br /> � � ' event of default occur, Beneffciary may declare ��1 fnd�t��edness secu�ed H��.`
<br /> � hereby to be due aad payable and the same shall thereupa%�::become due and � '
<br />-�� � payable without any presenttaont, demand, protest or not.i.ce� of any kind. •
<br /> `� ` Thereafter, Henefic3ary may:
<br /> . . ,
<br /> ' a. Either in person or by agent, with or without brfngfng any : ,
<br /> ' . action or proceeding, or by a seceiver appofnted by a court and ;
<br /> � �� . � without regard to the adequacy of its security, enter upon and take
<br /> . � � poassssiori of the �ruat Estate, or any paxt thereof; ia its own name
<br /> ' - or in, the name of Tinstee, and do any acts which it deems necessary
<br /> � or desirable ta preserve the value, marketability or rentability of,
<br /> , ' . . 3 .
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