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201206742
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Last modified
9/10/2012 2:53:07 PM
Creation date
8/16/2012 9:03:40 AM
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DEEDS
Inst Number
201206742
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20��0���� <br />at the rate of 9 percent per annum from the date of advancement. Nothing contained <br />herein shall require the Beneficiary to advance money for any such purpose or to <br />othenr�ose remedy any default by Trustor. <br />In the event that foreclosure proceedings are commenced, Beneficiary <br />shall be entitled to immediate possession of the Trust Property and the Court may <br />appoint a receiver to take possession thereof without regard to the adequacy of the <br />security. <br />If all or any part of the Trust Property is condemned or taken by eminent <br />domain proceedings, all or such part of any award made to Trustor shall be assigned <br />and thereafter paid to Beneficiary in such amount as Beneficiary shall, in their sole <br />discr�tion, determine a�pr��ariate and �he amou�ts so �a�d shall be applied to th� <br />payment of indeb�edness §«�cured by this tr�ast d��d. <br />Beneficiary, by and through authorized agents, may inspect the Trust <br />Property at any reasonable time and may perForm any acts authorized hereunder. <br />Beneficiary, without affecting or releasing the liability of Trustor or any <br />other obligor liable for the perFormance of the obligations for which this trust deed is <br />security, and without affecting the lien of this trust deed upon the Trust Property, may, <br />from time to time, and without notice, do any of the following: <br />(1) Release any obligor from liability hereon; <br />(2) Extend or renew the maturity or alter any of the terms of any obligation secured <br />hereby; <br />(3) Release or reconvey any part or all of the Tr�st Property; <br />(4) Take or release any other or additional security for any obligation secured <br />hereby. <br />Beneficiary, at any time within three months after the sale of the Trust <br />Property under this trust deed, may commence an action against Trustor to recover any <br />balance remaining due on the obligation secured hereby, as provided by the Nebraska <br />Trust Deeds Act. <br />DEFAULT <br />Should Trustor default in the perFormance or discharge of any obligation <br />in this trust deed or in the perFormance or discharge of the promissory note or should <br />any individual Trustor be declared a bankrupt, insolvent, or make an assignment for <br />benefit of creditors, Beneficiary has the option, with or without notice, to declare the <br />entire amount of the indebtedness secured hereby immediately due and payable, with <br />or without notice to Trustor. <br />Upon receipt by Trustee of notice from Beneficiary that there has been a <br />default, the Trustee shall proceed with the filing of the notice of default and if this trust <br />deed is not reinsfated, th� �°ruste� �hall prQCen� with sale of the Trust Property, all as <br />provided by and in conformity with Nebraska Trust Deeds Act. TFtUSTOR <br />SPECIFICALLY GRANTS TRUSTEE THE POWER TO SELL THE TRUST <br />PROPERTY AS HEREIN PROVIDED. ' <br />Trustee shall be entitled to a fee of 1 percent of the entire indebtedness <br />owing to Beneficiary at the time of the default if sale is completed by Trustee pursuant <br />to the provisions of the Nebraska Trust Deeds Act. <br />3 <br />
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