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<br /> aotw3thstandiag the aontinuanae in posseesion of the Truet Estate ���;;
<br /> ' or the aolleokion, receipt, a►nd appliaation of rents, issues, or :��
<br /> • E�r-� profits, Truetee Ar Henefiaiary ahall be entitled to exercise ����
<br /> every right provided for in any of the Loaa inatruments or by law ti
<br /> upon ocaurrence of any event or default, including the rigH� to �-,
<br /> `~'' exorcise the �ower of sale; =_
<br /> �� (ii) Commence an actian to foreclose this DeeB of Trust as =
<br /> a mortqaqe, appaint a reaeivex, or specifioally enforce any of ___
<br /> �:�,�� the covenants hereof;
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<br />°,�,R�� (iii) Deliver to Trustee a written declaration of default
<br />_'�._:� aad demand for sale, and a written notice of default, and
<br /> --- election to aause Trustors' interest in the Trust Estate to be
<br /> '�'�� sold, which notice Trustee shall cause to duly f iled fox record
<br />-��V in the offiaial records of Sherman County, Nebraska.
<br /> .:;M,, --
<br /> '�^°'' Forealo ure bv Power af Sale. Shoulcl Benefiaiary ��
<br /> 12.
<br /> °' elect to foreclose by exercise of the pawer of sale herein
<br /> contained, Beneficiary shall notify Trustee and shall deposit
<br />'�'-`�`�� with Trustee this Deed of Tzust and the Note and such receipts
<br />�;;�� and evidenae of expenditures made and secured hereby as trustee
<br />_ �.�:�
<br /> - may requixe.
<br /> �� (aD Upon receipt of such notiae from Benefiaiary, Tru�tee -
<br /> ahall c�use to be recorded, published, and delivered to Trustoss
<br /> sanch Notice of Default and Election to Sell as required by law
<br /> and b�r this_Deed of Trust. Trust�e shall, without demand on
<br /> __w� Trusfors, atter Iapse or suvi� Li�a a� �aa then bs r�uf.re+3 �y law ,-__
<br />=� and a�ter recordation of such Notice of YDafault and after Notice
<br />-�-�� of 3ale having been given as requ�red by law, sell the Trust
<br /> '°`=�-� Estate at the t�.me and place of sa►le fixed by it in such Notice
<br /> of Sale, either as a whole, or in separate lots ar parcels or
<br /> items as Trustee shall deem expedient, and in such order as it ,
<br /> - - may dete�cmine, at public auction to the hiqhest bidder for cash __
<br /> � ' in lawful money of the United States payable at the time of sa2e. __
<br /> Trustee shall del iver to such p�a�cchaser or purcRaasers thereof so
<br /> sold, bu� without any covenant m� warranty, expsess or implied.
<br />- The ree��als in suah deed or an�r•raatter oar facts shall be
<br /> conclusive proof of the tiuthfu��ess t�ae�reof. Any person, .
<br />--°°— includinq, witheut limitation, �z`ustor&,_ Trustee or Heneficiary,
<br /> .`'� � may purchase a�: rxach sale and �'s��astors hereby covenants to
<br />',�r.�i�'. ; s�arrant and c�eg�me3 the title oP� such notwithstancIliaq or
<br /> � purchasers. �
<br />- _- db) After deduat�rec� al]� costs, fees, and expen�es qf
<br /> .�.�rustee and of this Trust, 3.ncYan�ing costs of e�idence of titl�.
<br /> �', in conn�ction wikb sale, Trust�� ghall apply ttae proceed� of s�i�.�_
<br /> to paym�t of: all swas expended under the terms hereof, not thsn
<br /> repald," aith aacrued iatezest at twelve per cent (12$) per annum:
<br /> all other sums then secured hereby and the rema►inder, if aay, to
<br /> the person or persons leqally entitled hereto.
<br /> ,- (c) Trustee may, in the manner pravided �my law, postpone
<br />- - sale of all or any portion of the Trust Estate.
<br />='=-"�"� 13, A���*.{•++ment of Reaeiver. If any e�ent of default
<br /> -~"-� shall have occwacred and be aorr.��nuing, Benef ic�.�:sy, as a matter , «_
<br /> =�=� � �f right and without notice to 'Y'rustors or anyone claiming under ,
<br /> -=_;e�� Trustors, and without reqard to the then value of the Trust
<br /> �;:;"�;,�� Estate or the interest of Trustors therein, shall have the right
<br /> `�_�;�� to apply to any court having iurisdiction to appoint a reaeiver
<br /> ---- ._.. ..e..e�..o,-a nf the �rust Estate, and notice of any app2ication
<br /> ... - ----- -- -
<br /> �°=`�� therefor. _
<br />-°��"'� '' 14, Remedies Not Ex�i ve. No remedy herein conferred
<br />;:�,��.. _
<br /> � �`�"�� upon or reserved to Trustee or Beneficiary is intended to ba _
<br />. � .`. �£,�: exclusive of any othes remedy herein or by law provided or �
<br /> _ :;,; permitted, but such shall be cumulative and shal]. be in addition �.
<br /> � • � to ev�ry other reme�y given hereunder or now or hereafter _
<br /> ;;s: � existing at law or in equity or by statute. 6very power or �
<br />-- � remedy given by any of the Loan Znstruments to Trustee or ;
<br /> '�-,�� Beneficiary or to which either of them may be othe�co�ise entitled, �
<br /> ` , „� may be exercised, concurrently or independently, fzom time to �,`
<br /> ��• � time, and as often as may be deemed expedient by Trustee or _
<br />
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