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<br /> , �' ?b. Erer��%�Arn/r Each o/the follow/ng oecunenco�shafl conatttuto en ovont of deleu/t hnrounclni, /Aoit�mnitn►r3n'fvant nl no►nulf"1: • �-
<br /> ' ��� /a1 A�y amount payabfe under the Otrllgatlona socuiod by thls Doed o1 Tivat!a not pald whan dun,oRrtr�iHrrp ol/E�r.�ro�my npfrl�r.rrhlo r�
<br /> grace p3Nod therefn, e
<br /> .,,{ �.
<br /> � (b/ 7niatoils othenvlse In defeult under the terma ol tho ODltpetlons,
<br /> : � L 1'i fcl Tiustor Ial/s to obseive or perlorm any oI the covenanta,agraements,ar conditlon8!n lhls Oood o/Tiust, �-
<br /> w Vi —
<br /> /d1 An y re preaentallon or v�arrentylnc/uding,bat not/!mlted to,eny wa►ronty o/tltlo made by Tiusto�In fhis Dood o/Tiust�s lolsv or �
<br /> ,_ n� � meterially misleading,oi =
<br /> - • � lel Tiusto�se11s or conveya the Tiust Piopeit y,or any paR theieol,or enylnterest theroln,or is�livaa�xa�t:!cs ti:ua,or any inrerest
<br /> " " thereln,ln an y manner or way,whether vo/untarlly or/nvoJunter/ry,wlthout the pdor wrinen consent of BeneNclary. ��
<br /> ,x��ti�� 1 -
<br /> _ �16. Acceleratlan ofQebt Foroek►sure.Up on the occurrence of any Event of Delev/t,o►eny Nme therealter untll such Event o/Deleult Js �,_=.
<br /> �cured to tha saNsfactfpn ot Bene!lciary,8enef/c/ary mey,et!ts optlon,declere e//Ob/1gallona socured hereDy immedlately due end payab/e =-
<br /> and the same shall Daa�Interest at the delau/t rete,if an y,set fonh/n tho Nore or the de/au/r iere.N an y,aet lo►th in the most recent
<br /> obllgarlon eovered by the Guaranty,or othervvlse at the highest rate permltted by/aw,and,/rroapeetive of wliethei Benel/clary exe�c/ses __
<br /> . sald opUon,!t may,et Jta optlan and!n!ta ao%dlscretron,without Any IUrther not/ce or demend to o►upon Trmatoi do one or more o/ __
<br /> ., s. thB/ollowing: -
<br /> � . +• (al Benel/clary me y entei upnn,take possession of,manage snd ape►ate the Tiust Propeity or any part�hereol,•make iepalrs end `
<br /> alteieNona end dp eny acts which Beneflclary daer»s proper-to protect the secu�ity Mereof,end eJthe�with or without taking
<br /> � � po9sBaslon,�n lts own name,ave/or or otherwise co//ec�end�ecelve renta,lasuea end p�ofits,including those past due and unpald,end
<br /> � app/y the same,less costs and expenses o/operadon and colleai/on.Inc/ud/ng reasoneble ettomeya'fees and Beneliciery s costs,apo»
<br /> ihe Ob!lgatlon8 securad he►eby and/n auch order as Benef/elory mey determJne.Upon re uest of Benellciery, Tiustor ahall assemble and
<br /> shal!make availeb/e to Benellciery any o/the Trust Property whlch has been removed. 7�e entedng upon end takrng possession ol the
<br /> � Tiust Pmperty,tho col/ecdon oJ any ients,lssues snd proflta,and the appUeatlon thereof as aforesaid,ahaU�ot cure pi walve ony
<br /> ' defaalt theretolore or tAereafte►occu►rJng,or a/lttct eny not/ce o/defau/t oi not/ce o/sa/e hereunder orinvalldate any act dvne pwsuant
<br /> • to eny auch noNce.Notwlthstanding Beneficiary's cont/nuance!n possesslon or ieeelpt and epplicaf/on of renta,lssues or proRts,
<br /> - Bene/1QIary shall be en�ltled to exerclse every dght p�ovlded fo�/n this Deed of 7ivat or by Jaw upon or after[he occur�ence ol an Event
<br /> � ot De/ault,lncluding the dght to exe�clse the power o1 se/e.Any of the acUona ivlei�ed to Jn this SecNors mey ba teken by Benel/clary at
<br /> �;';art',;• BUCh UmA 88 BBp9fldary may deteanlne wlfhout regerd to the adequncy o/any seaudty/or the Ob/IgaHona aecured hereby.
<br /> '-'>�,'v.,�CS..,
<br /> r.a:,�.5•,,.
<br /> i��:��;},f� •h. • !b/ Benellclary sh611,without regard to the adequacy o/any aecurit y 1or thn ObllgaHons secured hereby, be enNNed to lhe appolntment • �,
<br /> ,+�'�•1;"-• of o recelver by any court havlag Jndsd/Ctlon, without noNce,to take possesslo»o%protecL and menaga the Tiusr Pioperly and operate
<br /> , '•;',t' the$sme and caUact the rents,/sauea and ptofits thoretrom.
<br /> rtr��
<br /> ;?--,;,�;�•�. /e1 Beneflelery may bring any sodon/n eny court o/competeRt judsdlcdon to Joreclose thls Deed ol Tiust a enfome any of the
<br /> ,.�.,,
<br />-- ..;.:�,;.r•f cavenant8 herepf.
<br /> � '� .,�,.
<br /> '�:�,�.
<br /> -• 't l��. /d/ Berrel/olsry may e%et to cause the Tiust Properf y or any pa�t thereo/to be ao/d under the power o!sale,and Jn suah evear,
<br /> � � '� Benefielery a�7rt�stee sha!!give such notice of delault and qaNce of sa/e to each parry ro thla Deed ol Tiwt by maii at tAe adtlresa set
<br /> forth Aereiq pnd enyothernotice whlch map be then requ/red Ay law.The�eehei upon the expiraHon ol auch tlme and the gIving ol -
<br />��•-� �� auch nodce oJ sa/e as may then be required by/aw,Tiustee,at Ih9 Nme end place apec!lled by the notic�of sale,.�hal/aell�such Tiust
<br />��;�r,;r:. Property,or eny pan thereo9 apeclred by Benellclery et publlc auadon to tha hi hest bldder lor cash!o lawla/monBy of the Unfted
<br /> + l.�•, Srares of AmeNea.Upon recelpt of�yment o/the bId pdce,7�ustee ahall eppPy rhe prooeeds In the foNowing order.fi1 to the oost and
<br /> _ ,,;;�s�:�„," : axpsnsas af sxarclsh+p ths�war of aal.^.�n�dt thc sale,kscluding ltrrt net!lmltest!o.t/!�?t?e R lanv nf n�t mere then SS00.00 plets .
<br />�;,.�,,:,,��,..:-� one-helf of one pe�cent a/tha gross sala pdeo,und reasansbfo attomeys'feea,!l!!to N►e Ob/IgaUons,en�(NI/the excess,i!any,to ihe
<br /> ;;.;,�t .��y person or persons lega/ly enrhled Mereto.
<br />_"ti i,��,"t A//aosts and exp enses incurred by Benellc/ary in enlo�cing eny dght under thla Deed oJ Tiust,IncJuding wRhout limiration,absvact or tlfle
<br /> _;n�;�e�'�� /ees,eppralsa//ees,pra»lums Ior titJe/nsurence,attomeys'Jees and aouK costs,shal/be and constltute Ob/lgatlons secured hereby.
<br /> ---=--,`�=='�� 27. DuNst ot Tiratss. Tiustor agrees that:
<br /> �'K'�""'� fei The duNes snd obllgat/ona ot Titrstea shal/be determined ao%y by the express,�o vlalons o/rhia Deed o!Tirist eod Tiustee ahal!not
<br /> °-���� bo/leWe except lor the perlormenee O!such duUes and ob!lgadona e8 ere apeelAcalry set forth here/n,end no lmplled tovenents or
<br /> -_;��,�;,� oDllgedons shall be/mpased upon Truatee,
<br />_-='�++��"� fbl No provlslon oJ th/s Deed o0 Trt�at shal/requlre Troatee to expend or dsk/te own lunds,or otl�eiwlsa(ncur eny pnanc/el vbllgatlon/n
<br />-- - - tAe�eNonr+anee ofany ollta dutJes Aoreunder,oiln the exercise o/any o/!ta dgAta or powera,
<br />-- -iz,e���� lc! Tiusree may eonsu/t w/th coanse/ol!ts own choos/np and the advlce ol sueh eounael8hall ba/ull and comp/ete eutAoNzet/on end
<br /> _ protectlon/n the respect ol eny acNen taken or suflered by!t hereunder/n good laitA end�/lenee thereon,end
<br /> fdl hustee ahal/not be fiable/or any eeUon teken Dy/t/n good/elth and reesonab/yDelleved by It ro CD euthodted oi wlthln!ts
<br /> __-_ d/seretlon or Nghts or powera eon/ened vpon!t by Mls Oeed of Tivat
<br /> 28. Seca�its►Agrsenrent end/7irtu»fLRnp.Fiom the dete oflta reconding,thla Deed ot Tivat shel/coastltuta a security egreement and
<br /> � � /ixturtz�/!ng under the provislons o/the Nebraske Unlfom►Commemla/Code with�espect to those 1lxtures deaedGed/n tho pmamb/as hemol
<br /> —°� as constlluting a Rart o/the Tiust Property,togethe�whh el/other propsrty ol Tnrstor,eltAer slml/ar or dls�lrs�Aer to the same,now or
<br /> _�- --?�� hereafte�located at or on Me 7rust Piopa�ty.For Mls pu�pose,the follow/ng/nformeNon fs set Ionh:
<br /> .r���
<br />_ -_-=_�� /s/ Name and Addresa of DebtoN7'irrsror. fDJ Name snd Address of Secured Pe�ty/Benel/clary: _
<br /> -�-'��� William P. zi.11er and Jnlaaa K. Ziller Norwest saak Nebraska, National
<br /> _--�a•n
<br /> �" -�' Aesociatfon
<br /> --=,.�
<br /> ���=^�:�a 1611 N. St. Paul Road 202 Weet Third Street
<br /> --��-'�"��':. Orand island, NE 68801 draad Seland, NB 68801 _ _
<br /> -_: t:�=:'::-. .
<br />_ • fcl0ebtor's SoclalSecu�ltyNumber/Federal Taxpayerl.D.Number 505566562 _
<br /> ` ld17Als document cove�s goods whfcA are or ere to become flxtuies. -
<br />- '. _ /e)TAe»ame o�tha iecord owner of the Trvst Proparty Fs the Debtor?rustor desedtred ebove. _
<br /> � � ?9 l�turo Advences.Benef/clary,at 8erre�cfnry s opUon,pdor to fu!/reco»veyance o/the TiuBt Pmpeny b y Trustee to Tiusror,may make �
<br /> �� /utum advartcea to Tiusror.Suah Iuture advanees,wlth lnterest thei+eon,sAa//De secured by th/s Deed of Tie�at At no Ume aha//the princ/paf _
<br /> �- � ..•;��, einount ol the Obl/gatfo�seeured by thts Oeed ol Tiust,not/nc/uding sums advanced to pnotect the secadty,exceed ehe toral sum ol :
<br /> . .. .�; s�.9�QO =
<br /> �' Nothing here/n conte/ned shall imply eny obl/gatlan on the part o/the Beneficlery to make any auch addit/ona/advanees. _
<br /> �'�� Advances o/disbmaements made by BeneNclary ro protect tAe seturlry,ender the teima hereol, while dlsor6Uonary,sha!l not be deemsd to _
<br /> __�" bBOpNOOBlBdvBncBS.
<br /> �-' S0. Reeonve��nea l/pon pa ent ol el/Oblrgatfons satuied by thts Deed of Tius6 Bene/Iclary shal!reques t Trusree to reconvey tAe riust -
<br /> Property and shal!sumendei /s Deed o1 Tiust end e!/notes evldenclng ODllgotion8 seeured by thls Deed of 7NSt to 7rustee.Tiusree shal/ _
<br /> :����:,� ieconvey the 7rust Praperty without warranty end wlthout charge to the peison or persons legal/y enNtled Hse�oto.Such person ar psrsons -
<br /> shall pay all costs of ietordallon,!t eny. �
<br /> .�.� -
<br /> � $1, $ebatitute 7nwtsn.Bs»e/iclsry,at/ts optian,may lrom Ume to Nme iemove Tiustee end appofnt e SucCetso�Tiustee ro a»y 7rustee _
<br /> appolntod hereundar by an lnstrument recorded!n fhe eounty!n wh/eA thls Deed o/Tivsrls iecaMed. Wlthout eo»vo yenee of the Tiasr -
<br /> ,,�.�le�'• PropeRy,lns SuCCessOr Tirrsiee 8he//suCCeed to ell tltle,power aad dvdes conferred upon trustee he�ain and by appliceble law. _
<br /> �t�':•ti;��' 32. Mlacell�rareotn A/ghts of8w�a41cfiry. Beneflc/ery may at any 1/me and hom Hme to time,without noHce.consent to tRe making of eny
<br /> 1'�%���°�• � plat ol the Tiust Property oi rhe creDtlon of any easement theroon or any covenanra resmctieg use or occupancy Mereo/or agiee to e/ter or
<br /> `'����i`,'` ` a�nend,the tam>a ot fhla Deed of Truet.Any peraona/propertv remaln/ng upon the Trust Pioperty elter the Tiutt Propeity has been possessed =.
<br /> � oi oocupled by Benefitlary,Its egent or any pumhase�/ollowing Tiustee's se%or/oroclosuie,or under any deed!n lleu of Tiustee s safe or _
<br /> IoreclAaure,shall be conc/usive/y prosumed to have Deen abandoned bY Tiustor. =-
<br /> 33. Tiustor hereby reAuests thBt e copy of eny noBce of default and noGco of sale made or executed by Tiustee pwsuant to the provlslons =
<br /> • Perer+6e ssnt ro Trusror at!ts rnalling addresa set/orM above. -
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