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<br />�• I8) Any f allure on tho pert of the Trustor to meet ths repayment terms in roapect to the Loen Agreement and any ',._
<br /> other advancea under thle Daed ot Trust hereby eecured; and. --_
<br /> : (C) Any ection by the Trustor prohlblted by the term� of the Loe� Agreement or thf�s Deed of Trumt or eny feiiure ot _
<br /> the Trustor to ect ee requlred by the Loan Agreement or thle Deed of Truat,erch ot whlah Truator hereby agreea �
<br /> •� I have en adveree affeat on the Be,nefieiary'8 securlty for tho Itno of credit eetebllaha� and the rights of the ��-"
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<br /> .�;;� Beneffciary in such eecurity. `
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<br /> end upon the happening oi eny such event of defeuit, Banefialery may declare ali auma eecured hereby immedletely _
<br /> �a� due end payable by deliver to Trustee of written decleratlon of defeult. The Truatee shell heve the power of sele of -__
<br /> � tha Property, end if 8enaficiary desl►es the Property to be eold,it shail daposit with 7ruatee this Deed af Truet end all !
<br /> promlaeory notea and documente evidencing expendltures aeGUred hereby end ehAll deliver to Trustee a written notice
<br /> �, of default and eleation to ceuas the Property to be aold. end the Trustee in turn ahatl prepere a notice in the form
<br /> �• requlred by lsw, whioh shall be duty filed fo�record by Truetee.
<br />- " 1A) After the lepaa of euch time aa mey be required by law following the recordation of said notice of default, and
<br /> • notice of defeult end notica of sele having baen given es required by law,Trustee, without demend on Trustor,
<br /> shall sell the PropsRy on the date And at the time end ptace deafgnated fn aeid notice of sale, at publia euction to
<br /> � the highest bidder, the purcheae price peyable in lawtul money of tha Unfted Stetes at the time of sele. The
<br /> '� person conducting the asle may, for eny cause he deems expedient. postpone the sale fram tfine to time until it �
<br /> � shalt be completed end, in every such caae, notfce of postponement ahall be given by public daclaration thereof
<br /> by auch person at the timA and plece last eppointed for the aele,provided,if the �ele is poatponed tor longer than -
<br /> : one11)day beyond the day dealgneted in the notice of sale, notice thereof shall be given in the seme manner aa
<br /> ' the originel no4ice of sale. Truatae ahell execute and deliver to the purchaaer its Deed conveying the Propsrty�so
<br /> - sold, but without andy covenent or warranty,expreas or ImpUed. The recitala in the daed uf any matters or acts
<br />� sheil be conclusiva proof of the truthfulnese thereof. Any peraon,including Beneficiery, may purchase at tha eale.
<br />� (B) When Trustee sells pursuent to the powera herein, the Trustee shall epply the proceeda of the aele to peyment
<br />''j of the coats and expensea of exerciaing the power of aale end of the aele,includinp the peyment of the Trustae's
<br />�=�_w : <; fees ectually inaurred, which Trustee's fees shell not(n the aggregate exceed the following amount besed upon
<br /> � ��� the amount secured hereby end remaininp unpaid; 6 percentum on the firat S1,OO�J thereaf, 1 perce�tum on the
<br />��:r�'�'"'F� belance theroof end then to the itema in eubperagreph iC)in ihn i,�u'er thass stsisd.
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<br />- � (C)After paying the itema specified in subparagreph(B) (t the sale is by Trustee,or the proper court end other coste
<br />���''� � � of forecloaure end sale if the aele is pursuent to judicial forecloswe,the proceeda of aele shall be epplied in the order
<br />;„�;;;y;�-. �� steted to the payment of:
<br />=_��s,y� (It Coat of any evidence of title procured in connection with such aale and of any revenue stampa;
<br />--���'4 R• (11) All suma the securad hereby;
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<br /> (111) The remainder, if eny, to the peraon tegally entitled thereto.
<br />_+;;_�:,�.�� 13, puld�s and Obqpations oi TrustNS. (a) The duties and oblipetions of trustee shell be determined solely by
<br /> the expreas provislons of thia Deed of Truat,end Trustee shall not be Ifable except for the performance of auch dutiea
<br /> """'�:��� end obligations as ere apaclficelly set torth herefn, and no implied covenente or obiigetlons ahell be imposed upon
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<br /> ' �., Trustee; (b) No provisions of this Deed of Trust sheli require Trustee to expend or risk fts own funde, or otherwise
<br /> — tncur any financial obllgatlon In the performence of eny of its duties hereundar,or in the exercise of eny ot its ri�hts
<br />��y�,��� or power,if it shall heve gruunds for belfevinQ that the repayment of such funda or edequete Indemnity epafnst euch
<br /> ri:k or liabiiity is not reasonably eaeured to it;(c) Truatee may conauit with counsel of Its own choosing end the advice
<br /> -- - -- of auch aouneel ahall be tu0 end complete euthvrization end protection U the roapect of any action taken or suffered
<br /> --- ��v� by it hereunder in good feith and reifence thereon;(d) Truatee shail not be Ifable for eny actton taken by it fn 9ood faith
<br /> --_�'�,��=�"� end reasAnebly belfeved by(t to be euthorized or withtn the discrotion or rights and powers conferred upon it by th(s
<br /> =-�-;�� Deed of Trust.
<br /> - 14. Addttlonal S�curity Insuum�nU. Trustor.at ita expanse, will execute and deliver to the Truatee, promptly
<br /> �""�'�� upon demand,such security inatruments as mey be required by Trustee,in form and substence setisfactory to Truatee,
<br /> '�"'�'��= covering any of the Property conveyed by thla Deed of Trust,whlch security instruments shell be edditionai secu�iry
<br /> 'j'�`-�-`��� for Trustor's faithtul periormence of elt of the terms, covenants and conditlons of this Deed of Trust, the Loan
<br /> ;�-° ���'!� Agreement,any promissory notes aecured hereby and any other security inatruments executed in connectlon w(th this
<br /> `���;'�-a':�. • tranaaction. Such Instruments shell be recorded or filed,and re-recorded and refiled, at 7rustor's expense.
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<br /> - 16. Mitc�llaneous.
<br /> (A) In the event any one or more of the provisions contained in tho Deed of Trust, or the Loen Agreement or any
<br /> promissory note, or any other security insxrument given In connectton with this transectlon,ahall for eny reason _
<br /> � � to be held to be invalid,filegal or unenforceabie[n eny respect, such invaUdity, Illegelity or unenforceability shell, _
<br /> ;, h' et the option of Beneficiary, not effect eny other provision of this Deed of Trust,that this Deed of Truet shall be
<br /> � ' �` construed as if auch invelid,illegal or unenforceable provision had never been conteined herein or therein. -
<br /> � � (B) This Deed of Trust ahall be construed according to the laws of the State ot Nebraska.
<br /> � ��• IC) the Deed of Trust shall insure to and bind the heirs,legatees,deviaees, administretors,executors,successors and
<br /> � assigns of the parties hereto.
<br /> - ��������- (D1 Trustor ahall vay all taxes levied upon this Deed of Trust or the debt secured hereby,together with any other taxes
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<br /> or essesaments which may be levied against the Trustee or esener�c�ery or cne, �vya���..��a� �••.•����....o.__..._•--
<br /> � �� on account of the indebtedness evidence thereby.
<br /> (El Whenever used herein,the stngular num6er shall include the plurel,the plurai, the singular, the uso of any gender
<br /> shatl be applicabio to eil genders,and the term "Beneficfery" shall include any payee of the indebtedness he�eby _
<br /> secured or any trensfer thereof, wheYher by operation of law or otherwise. _
<br /> 16. Succos�or T�uste�. Beneficiary may from time to time substitute a successor or successors to any Truatae
<br /> nemed herein or acting hereunder to execute this Trust Deed. Upon such appointment and without conveyance to
<br /> the successor Trustee, the latter shall be vested with all title, powers and duties conferred upon any Trustee herefn
<br /> named or acting hereunder. Each auch appointment or substitutfon shall be mede by written instrument by Beneficiary,
<br /> conteining reference to this Deed of Trust and iis place of record, which when recorded in the oNice of the Regiater
<br /> of Deeds of tha county or counties in which said property is situated,shall be conclusive proof of proper appointment
<br /> of the successor Trustee. The foregoing power of substitution and the procedure therefore�hall not be oxclusive of
<br /> � 408-3
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