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<br /> r (B► Mny fellure on 4he part of the Truator to meet the repayment terms in respect to the LoHn Agreement and any .
<br /> other advenot�s under tMs Deed of Truat hereby secured;and,
<br /> � lC) Any nctton by the Truator prohibitod by the terms of the Loan Agreement ar this Deed of Trust or any failure of
<br /> the Trustor to act as required by the Laan Agreement o�this Oeed of Trust,each of which Trustor hereby agrees
<br /> . • � heve an edverse effeat on the Beneficlery'a security for the Ilne of credit eatebifshed and the rights of the _.
<br /> • Beneilciery in such eecurity. --
<br /> �v.�i..h•^!�.
<br /> end upon the heppening of eny auch event of defeult, Beneficiery may declere eil sums secured horeby immediately ,�`
<br /> �a;�+!?"'�', dua and payable by deliver to Trustee of wr(tten decleration of defeult. The Tru�stee shelt have the power of sele of
<br /> �---..1.1 t�.1...11 d..nnwi��ul�►�Tn�etoP tF1{o�PAfI f1f T/IIR�Allt�AII �"y.
<br />- �'� tne rroperry, 8tlp IT COf1BTIC19ry atlairefs iiin rtVFlo�iy iv uv o..w��•��•�����r��•• •..... -
<br /> , .,,;} promissory notes and doauments evldencfng expenditures secured hereby end shall dellver to Trustee a wr(tten notice
<br /> of defeult end eleotion to cause the Property to be sold,and the Trustee in tum shall p�opare a notice in the form �.�:
<br /> `� required by law,whlch ahall ba duty fiied for racord by Trustee. -'
<br />- ' (A) Aft�[thB.J,ppas Af..bulih,Il[ite.� mey be requlred by law followinp the recordatlon of safd notice of default, and �--
<br />- � n4tic�,o�dNaalt&r�d�eioticy.of•sate having been gfven ea requ(red by lew,Trustee, without demand on Trustor, �
<br /> a1�all�b11 x�,�P'+rori�b�ty/.`�ttt��dete and ot the tfine and place designated in said notice of sale, et public auction to `:
<br />_ . .: ttie.,h�ph��`t:bidd�C,'tHH�SurA��e price payable in lewful money of the United States at the time of sale. The _
<br />- person conducting the salA may,for eny ceuse he deems axpedient, postpone the sale from time to tfine untit it
<br /> � she11 be completad end, in every such case,notice of postponament ahall be given by pub�ic doclAration thereof
<br /> � by such pereo�at the tfine and plece last appointed for the sale, provided,lf tlie sele is postpaneri tor longer tha� �
<br /> � �..'�•� onell)day beyond the day deaignated in the notice ot sale, notice thereof shall be given in the same mannar as
<br /> ' �� the originel nottce of sale. Trustee shatl execute and deliver to the purchaser its Deed conveyfng the Property so
<br />�-r': ;. " sold,but wlthout endy covenant or warranty,express or Implled. The recltals in the deed of any metters or acts
<br />- ahell be conclusiva proof of the truthfulnesa thereof. Any pereon,including Beneficfary,mey purchase et the sele.
<br />�:.,,, . • � (B) When Trustee sells pursuent to the powera herein, the Trustea shall apply the proceeds of the sele to payment
<br /> of the costs and expenses of exercising the power of sale end of the sale,Including the peyment of the Trustee's
<br />"'�•,'�`�• `• � fees actuelly incurred,which Trustee's fees shall not in tha aggregate exceed the followUg emount based upon
<br />=-�-� r:^�r' the amount secured hereby and remeining unpaid; 5 percantum on the first 81,000 thereof, 1 percentum on the
<br />�.`T,�;'^�,.,�' balance thereof and then to the ftems in aubparegreph (C) i�the order there steted.
<br /> -���:,';,�: (C1 Aiter paying the items specified in subparagraph(B1 if the sale is by Trustee, or the proper court and other costs
<br /> a��ti:��"- of fo►eclosure and sale if the sate Is pursuant to judiciei ioreciosura, ii�v N�u�eatis af sals sh�!!bC sppl38d 3n Ltts Qldgt
<br />__.�:�,:
<br /> __=�w�� stated to the payment of:
<br /> ,.::s�•..,
<br />�_:��:.? (1) Gost of eny ovidence of title procured in connection with such sale end of any revenue stamps;
<br />��,,;;� (Ii) All sums the secured hereby;
<br /> ___;;;=-� (Ilq The remeinder, if any,to the porson legelly entitled thereto.
<br /> �:o.�� 13. Duti�s a�d Oblf�ations ot TrustNi. (e) The duties end obligations of truatee shall be determined solely by
<br /> �-" — the express provisions of this Deed of Trust,snd Trustee shall not be Ilable except for the performance of such dutfes
<br /> - --T'a end obtigationa as ere specificalty set forth herein, end no implled covenants or obligetions shall be imposed upon
<br /> -�`-""'�'g"� Truatee; (b) No provistons of this Deed of Trust ahall require Trustee to expand or risk ita own funda, or otherwise
<br /> _=�
<br /> --�-_----- incur any financiel obliga2lan in the performence of any of its dutles hereunder,or In the exercise of any of its rights
<br /> _-���� or powor,if it ehall heve prounds for believing that the repeyment of such funds or edequate indemnity egainst such
<br /> �; rlak or Itability la not reaaonably easured to it;(c) Trustee may conault with counael of ita own choosi�g and the advice
<br /> ---- of&uch couneel shali ba full and complete euthorfzetion and protection in the respect of any action tekan or suffered
<br /> bY it hereund�gr In good feith and relfenee thereon;(d1 Trustee ahell not be Ilable for eny action taken by it in good feith
<br /> ---"--- and reasonebly believed by It to be authorized or within the dfscretion or rights and powers conferred upon it by this
<br /> � Doed of Truat.
<br /> -�----�• 14. Addltlond 8�cudty Instruments. Trustor, at its expensa, will execute and dol(ver to the Trustee, promptly
<br /> - -`-"`""— upon demand,such security instruments es may be required by Trustee,tn form and substance satfsfectory to Truatee.
<br /> -- covering any of the Praperty conveyed by thia Deed of Trust,which security(nstruments sheli be edditional security
<br /> for Trustor'a faithful peHormence of ell of the terms, covenents end co�ditions of this Deed of Trust, the Loan
<br /> -�� Agreement,any promiasory notea secured hereby A�d any other security ins�ruments executed in connectlon wlth this
<br /> � transection. Such inatruments shall be recorded or filed,and re•recorded and refiled, nt Trustar's expense.
<br /> `�.'"°`='�'� 16. Miscellsneous.
<br /> —__:-��,c�
<br /> r�� iA) In the event any one or more of the provisions conteined in the Deed of Trust, or the Loan Agreement or eny
<br /> =;,��� promiasory note,or any other security instrument gfven In connection with thfs transaction, ahall for eny reason
<br /> �--°���� to be held to be fnvalid, illega! or unenforceable in eny respect, such invalidity,Iliegality or unenforceabflity shell, _
<br /> - ``'':'��?-�� at the optlon of Beneficiary, not affect any other provision of this Deed of Trust, that this Deed of Trust shell be -._
<br /> :,'�;s*.,. ;. ,
<br /> �Y.`.:�:;; construed as if such Invalid,tltegei or unenforceable provision had never boen contained herefn or therein.
<br /> (B) This Deed of Trust ahell be construed according to the lews of the 5tate of Nebraska. ��`
<br /> `r� ` (C) the Deed of Trust ahall insure to and bind the hefrs, legetees,devisees, admMistretors,executors,successors end
<br /> � _ essigns of the parties hereto.
<br /> � ' (Dl Trustor ahall pay alt taxes levied upon this Deed of Trust or the debt secured hereby,together with any other taxes
<br /> ' or assessments which may be Ievied against the Trustee or Beneficiary or the legat hoider of the Loen Agreement
<br /> -'_. -,:�
<br /> on account of the indebtedness evidence thereby.
<br /> .1� �L� �t �J� �,..
<br /> ". Y`� (EI Whenever uaoa herein,tne singuier numoer sneii inciude ine piurai, LnB piurnt.iitn biityu�ai� u�o ii6o v� ci�y yo�woi
<br /> =. shall be epplicable to all ganders,end the term "Beneticlary"shall include any payee of the indebtedness hereby
<br /> secured or eny transfer thereof, whether by operetion of law or other4vise.
<br /> 16. Succa�or TrustM. Beneficiery may irom time to time substitute a successor or successors to any Trustee
<br /> named herein or actin9 hereunder to execute this Trust Deed. Upon such appointment and without conveyance to
<br /> the successor Trustee, the letter shall be vested with all titie, powers and duties conferred upon any Trustee horein
<br /> nemed or aating hereunder. Each such appointmont or substltution shell be mede by written instrument by 8eneficiary,
<br /> containing reference to thia Deed of Trust and its place of record, which when recorded in the oifice of the Register
<br /> of Deeds of the county or countias in which safd property is situeted,shall be conclusive proof of proper appointment
<br /> of the successar Trustee. The foregoing power of substitution and the procodure therefore shall not be exclusive of
<br /> , 9194 � .�•.., � . �408-3 (
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