|
` . .;w,.� .. . . . ' "_ .--
<br /> .,T
<br /> -;7M_-�,,.-_.
<br /> - . , . .��, __--_
<br /> a �!.�ww'+qp�nfiewrRM�1MR+1�!l4Atil�11�� `-���.�'.".�l'�`e��ftll�';�s..`�,���:..-- .—_.. ...._... �----
<br /> �i ��}- .�. -
<br />. ... �� '�•`�
<br /> 1�I IR�
<br /> �-�•1
<br />-'� �:�,...;a • (e)The sals,tranater, Ieaee,asslqnment, conveyance or turther encumbrance of all or eny part of or any lnterest In the
<br />'�;`���`�i�� PrupeRy,either wlunta�ily or Involuntarily,wlthout the express written consent oi Lender,provlded that T�ustor shall be patmlt-
<br /> �.• �� ted to execute a lease ot the PropeAy that doea not contaln un optlon to purchase end the term of whlch doee not exceed one�
<br /> .. ;�►� year;
<br /> �( � (�A6andcnment ot the Property;or v —
<br /> v.,'t •: (p)Ii Trustor ie not an Indlvldual,the Issuence, aale,traneter, assl�nment,conveyance or encumbrence of more thsn(11 a �
<br /> & oorporetl�n)a total o} percent of Ita Issued and outstandlnp stock, or(11 a partnershlp) e total of per-�
<br /> cent ot partnerehlp Interests,or(If a Ilmlted Ilablllry compnny)a total of percent of ihe Ilmlted Ilablllry compa- �
<br /> ':�r.; ��S ny Interoate or votlnp rlqhte durinp the pe�Iod thle Deed of Trust remelns a Ilen on the pruperty.
<br /> ' 12.R�n�dNs;AccN�ntlon Upon Mf�ul�In the event ot eny Event of De}ault Lender may,without notice except ea requl�ed
<br /> � by law,dectaro ell Indebtedness aecurad hersby to ba dua nnd qayaDto and the a.qme shell thereupon become due and payable wllh- �
<br /> ;`F,^.�' out any presentment.demand,protest or not�e of any klnd.Theroafter Lender may:
<br /> - (a)Demand that Trustee exercise the POWHR OF SALE prented hereln,and Trustee shall thereaHer cause Trustors Inter�
<br />_' eat Ibn t�e��a to bea d�nd tghp y�f O��n any ofthe Loannl stn�ments or bydl wI upon occurrence of a�E ent of
<br /> :-T�, 11 y 9
<br />_ Default;and int a recetver,or speclflcally entome any of the
<br /> � ��� (o)Commence an actlon to loreclose thls Deed of Trust as a mortgage,appo
<br /> covenants horeot.
<br /> No remedy herein conlerred upon or reserved to Trustee or Lender Is Inte�ded to be excluslve of any other remedy herein,in the Loan
<br /> ,... Instruments or by Iaw provlded or permltted,but each shall be cumulat(ve,shall be In addltlon to every other remedy glven hereuoder.
<br /> i: �` in the Loan Instrumenta or now or hereafter exlsting at Iaw or In equlty or by statute,and may be exercised concurrently,independently
<br /> ••� or succesively.
<br /> . ;���' 13,TrustM.The Trustee may resign at any ttme wlthout cause,end Lender may at any Hme and wlthout cause appdnt a suc-
<br /> �::s�'� cessor or aubsUtute Trustee.Trustee shatl not be lieble to eny parhh�nc�ud�n9 wlthout��mftaticn Lender,Borrower,T�ustw or any pur-
<br /> _�t"'�`� chaser of the Property,for any loss or damege unless due to reckless or wlllful misconduct,and shall not be requlred to take any actlon
<br /> '��`'�:� - In connection wlth!he entorcement of thls Oead of T�ust untess Indemnified,in w�ldng,for all costs,compansatlon or expenses wh�h
<br /> ''�"�"���. may be assoclated therewlth.In addttlon,Trustee may become a purchaser at any sale ot the Property Qudiclal or under the power of
<br /> '`�� � " sale granted hereln);postpone the sale of aIl or any poRlon of the Property,as provlded by lew;or sell the Property as a whole,or ln
<br />_�_�..1�'�R
<br />. ��� • , separate parcels or lots at Trustee's dlscreUon.
<br /> .;_�li;'�:»:= 14.Fess�n d E xpans�a.In t he even t T�u s t e e s e l l s t h e P r o p e r ry b y e x e r c i s e o f p ower of sale,Trustee shall be entftled to epply
<br /> ..:n��`-° - any sale proceeds flrst to payment of all costs and expenses of exerclsing power of sale,Including all TNStee's fees,and Lenders and
<br />;?�;j-: � Truatee's attomey's fees, actually incurred to extent permltted by appllcable law. In the event Borrower or Trustor exerclses any rlght
<br />—_=:�,��� provlded by Iaw to cure an Event of Default,Lender shall be entiUed to recover trom Trustor all costa end expenses actually Incurced as
<br />-���:�?• a result of Truator's default,Including w,thout Ilmltatton all Trustee's and attomey's fees,to the extent permitted by appl�able law.
<br /> _;-R� 15.Futuro Advanc�s.Upan request of BoROwer,Lender may, at its optlon,make addltlonal and future advances and read-
<br /> vances to Borrower.3uch advances and readvances,with Inte�est thereon,shall be secured by thla Deed of Trust.At no tlme shall the
<br /> '�'�i='��'� princtpal amount of the indebtedness secured by thls Deed of Trust,not including sums advanced to protect the secudty of thls Deed oi
<br />.��=�� Tn�st,exceod the origlnal prinatpal amount stated hereln,or$ ,whlchever(s greater.
<br /> "_-= -- 16.Mlsce�tenaus Provlstom.
<br /> (a)BoROVwr Not RelNS�d.txtension oi f�e iimn iur pny�ent or mcd�tcailon af ars:ostlzsilon of tt!Q�!�mR�!�red by this ,
<br /> • _ _ Deed of Trust granted by Lender to any successo�In Interest of Borrower shell not operate to release,In any manner,the Ifablli-
<br /> --- ry of the orlglnal Borrower and BoROwer's auccessora In Inte�est. Lender shall not be requlred to commence proceedings
<br /> agafnst such aucces�or or refuse to extend tlme for payment or otherwise madlfy amortization of tho sums secured by thls
<br /> so
<br /> :��� Deed of Trust by reason of any demands made by the odgtnat Borrower and 8orrowers successors In tnterest.
<br /> (b)Lende►'s Pow�n.Wlthout attecting the Uablllty of any other person�lable tor the payment of any obllpatton heretn men-
<br /> �;�� tioned,and wlthout attecting the Ilen or char�e of thls Deed of Trust upon any poRion of the Property not then or theretofore
<br /> released e�s secudty for the tull amount of all unpald obllgstlons.Lender may,trom tlme to Ume and wlthout noUoe(I)rebase
<br /> any person so IIaWe,(li)extend the matudry or atter any of the terms oi any such obllgations. (III)grant other tndulgences,(iv)
<br /> -- releaeo or convey, or ceuse to be released or reconveyed at any tlme at Lenders opUOn any parcni, puriia�u� uii ui u�u
<br /> -�� Property,(v)take or release any other or addlUonal securlry ar reconveyed at any tlme at Lenders optlon any parcel,portton or
<br /> a11 of the Property,(vl)take or release any other or addlUonal secudty tor any obllgation hereln mentioned,or(vfl)maka oompo-
<br /> sltlons of other ar�angements wlth debtora in relation thereto.
<br /> (c)Forbe�ana by I.�nd�r Not a W�iv�r.Any torbearance by Lender In exercising any rlght or remedy hereunder,or oth•
<br /> erwlse at(oriied by applt rr..�haU.not ba•a.+walvacof or preclude the exerclse of any such right or remedy.The procure-
<br /> ment of Insurance or the f�iw�MM�M1100t charges by Londer shalt not be a walver cr Lenders�ight to acceler-
<br /> ate the matudty of the I bt ss a�IONlY��IIM�of:Trust
<br /> (d)Succason�nd ss � �y;i9Miwrl Llablllty;Captlom.The covenants and agreementa heretn con•
<br /> talned shall bind,and �tienannderafmll�inure to;the respe�Wve successo�s and asslgns of Lerxier and Trustor.Alt
<br /> covenants and agreements of Truator shall be joint and several.The capUons and headtnga of the paragraphs ot thls Deed d
<br /> Trust are tor convenlence only and are not to be used to Interpret or deflne the provlslons hereoi.
<br /> (e)Rpu�+t for Notic�s.The pertles hereby requeat that a copy oi any notice ot deMult hnreunder and a copy of any notk:e
<br /> ot sale hereunder be malled to each parly to this Deed of Trust et the address set foKh at�ove In the manner presc�lbed by
<br /> appllcable law.Except tor any other notice requlred under appltcablo law to be glven In another manner,eny notice provtded tor
<br /> tn th(s Deed of Trust ahall be gtven by malling such notice by ceNfled mail addressed to the other parttes,at the eddress set
<br /> forth above.Any notice provlded tor In thls Deed of Trust ehalt be ettective upon malling In the manner deslgnated he�eln. If
<br /> Trustor Is more than one person,nottce sent to the address set forth ebove shall be not�e to alt such pensona.
<br /> -- _ (�In�p�ctlon.Lender may make or cause to be made reasonable ent�les upon and Inspectfons of the Property,provlded
<br /> — that Lender shall glve Trustor notice prfor to any such(nspectlon specltying reasonable cause Merefor retated to Lenders Inter-
<br /> -_�.== est In the Property.
<br /> --°°�-=•_ (g)R�convsy�ncs.Upon payment o}alI sums secured by thls Oeed oi Trust,Lender shall request Trustoe to reconvey tho
<br /> ';�'rn� Property and shall surrender thls Deed of Trust and alI notes avidencing indebtednese secured by thls Deed of Trust to
<br /> T►ustee.Truatee shall reconvey the Property,without warranry and wlthout charge to the person legally entlHed thereto.Trustor
<br />-"��'�::�:..�F shall pay all costs or recordatlon.If any.
<br /> ��*���r•� (h) Peraonal Property; Secudry Agreement.As addltlonal secutlty tor the payment of the Note,Trustor hereby grants
<br /> . �r.w... •��.
<br />--�_!'T`�=*• ; Lender under the Nebraska Uniform Commerclal Code a security Interest In all flxtures,equfpment,and other personal property
<br />:---_�,�;;r.,r,�,
<br /> •.s�,,:�;,�, uaed In conneotlon wlth the real eatate or improvements located thereon,and not otherwlse declared or deemed to be a part of
<br /> ..:�••:�•a: the real estate secured hereby.Thts instrument ehall be construed as a SocuNry Agreement under sald Code,and the Lender
<br /> P=��`�'.',:,�;•.' shatl have all the rights and remedles of a secured parly under saW Code in addltlon to the rights and remedles under thls
<br /> :-j.a paragraph shatl be cumulative w(th,and In no way a IimltaUon on,Lendera dghts and remedles under any other securily sgree-
<br /> .t„c ment signed by Borrower or TrustoG �,�,_,,�,�,��„,,,,,��e..�►.�►���te�nnn nf s�nv
<br /> __y�•'-�".�_"_ �— ���L�QflB Cfl'1�F.11CU111DfaflC1lS. I rueior�ereoy warr&�iib 6ini ivNto6otua u�Qa u�v�v..�...................�. �•��•�-._._.� _.._.�
<br /> �':�j.,�� moRgage, deed of trust,lease or puvchase contract descrlbing all or any part oi the Property,or other contract,lnstrument or
<br /> ����•»� � - agreernent amstituting a Ilen or encumbrance agalnat atl or any part of the Property(collectfvely.'Uens`�,oxlsUng as of the
<br /> date of this D6ed of Trust,and that any and all exlsting Liens remafn unm o di fle d excep t as d lsc lo s e d t o L e n d e r I n T r ustors writ-
<br /> '�' ��• ` � , ten dlsclosure of Ilens and encumbrances provlded tor hereln. Trustor shall timely pe�torm all ot 7rustor's obllgatfons,
<br /> t:-� covenants,representatlons and warranUes under any and all exlstlng and tuturo Llens,ahell promptly forward to Lender oopiea
<br /> ot all notices of detault sent In connectfon wlth any and alI exlsting or future Llens,and shall not wlthout Lenders pdor wdtten
<br /> � •� consent in any manner modiiy the provlslons ot or allow any future advances under any exlating or future Ilens.
<br /> .. �t•' Q)Appllc�tlons of P�ym�nta.Unless otherwlse requlred by law,sums pald to Lender hereunder,includinD without Imita- �.�
<br /> ', + tlon paym�nts of princlpal and Interest,Insurance proceeds,condemnetton proceede und rents and profits,shall be applied by
<br /> Lender to the amounts due and owlnp irom Truator and borrower in such order as Lender in Its sole dlscretfon deerrss deslr-
<br /> , • '•° able.
<br /> . , � • (k)Ssvanbility.If any provlslon ot thts Daed of TNSt contllcts wNh appllcable law or(s declared Invalld or otherwlse unen-
<br /> ...,.,,..
<br /> , . ��y
<br /> -- _
<br /> �,.-w,-=:,-�,_ ..,..a.f.-R�.-�.:.�,�.er� . -------°----- -.-._ _.-_..-�_
<br />
|