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<br /> ? TnuW�s a6sutmety and nnoonditlonally assi�n all such cesus,issues au�profits �• , � ,y Y
<br /> . '�` < -affected teerehp.and �Y ��on and ' so lon as Tcastass are
<br /> . ,ry go�vevez herelsp wrsENS to'[YusWr� re�sniion of s�uh�enis.�es aad PmSts, & - . �, =�
<br /> l�nefiaary. � I ��
<br /> �� '. ia defauit arith c�to�Yment of aay indebteda�ess sec�u�ed her�y.os in the performance of any ag�eemeat °Y. ' ,
<br /> , .: _- nqt,at such time. � to tbis Deed of Tms�shaU bave oaau�d and be oontinaing.the ; �' .
<br /> ".. `�4 h e�d c r. I f a.uy e v e n i o idefautt d��ttbed here�t� � I'� , '� � ,:
<br /> . 4�����..�' '' B e a e f c i a ry.as a ipaaer of nght and withcut nance co Truswrs or anyrone ctaimn►g u�der Tn�sto�s.sud�vlthoui re g�d to t he v a i u e o f , ,} <<',,�`� ~., A
<br /> or the interest of ILe Ttusto�s thecein,shall have the right to app�y to aay a a n Y t t�a v i a g j u ri s d i�xion w a p p oint a , :ti
<br /> `�� �v'ver iheuf propenY' a or in of the propeity for the � �°�� - �
<br /> � .... .. ..�..:..... w:;_o+,�►:o ar+��ut�ri�.ed to enter at aaY�sonable time upe �Y P� ._.
<br /> .. .�� , �. •a`�`�°�"•�•'• -�'-- af ormin aay of the acts they are suthoiir,�d to perrorm�rier we cerms ai �� �. , .
<br />_ � piupase of inspectin8[he same and for the purposc perf S �;
<br /> --�-�'�''"`� loaa inst�u�enis execated bl+Trasto�s. o encambe�ed without the written < i:: �a:` .�c
<br /> � � - - � af the pmgerty os a�►Y intecest of'Tnutors Is snld,uaa�t'e�sed r fu:ther -
<br /> ':: �-. 9. If ali or any Qart fu ther -- `=`.°,
<br /> � onasent of the BenefisiaiY.tfle 8eue�ciaYY m�Y���a!1 sams s�red bY this Tiast De�to be immedi�et9 dn:and T�aYabte and � - _
<br /> ;� � �r�� proo�d w the temedies ava7abie w rt nnder the defanit Pmvisi�oontained he�ein. -==-
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<br /> ' 10. Atry of the follawing evee�ss sball be de�ed an evept of defaWt heereundzr.or inder�or aay other snms secaned herebY when '£i"�
<br /> . � �,.y,. a Ttastois sbatl have fa�ed w make paymeat of aay instaltment of priuci�al �.:, _.li_;_--
<br /> � ..�•---
<br /> t ' b. 'IY�ere has o�ured a b�ach�F or ttefanit under atry term, ooven�nl.ag�eement. aondition,Pra++isi°?b �on or _ _
<br /> ' .°• .�� :�.:� �varranty oontained in tbis Deed of Tn�st.ti4e note Or a�►Y ottiet loan inctmme�t s�hereby; ',s :_ �: - -
<br /> °:� : :.., c. There has been a default hy tl�e Tmsto�s in the payment of any prior or subsequent lien or encmMrance ia respect ta all or airy
<br /> `. .: part af the propeity; �, _. .� _--_-
<br /> . ',�-5 d Tnutots suall fite a voluntacy petiuon in �n�up�ry or shall be adlndi�banlaaPt or insolveut, or�shaU make an -
<br /> ' gnment for tLe benefit of c�rediwts in�c�gea to thepmperty'.or an action w enfoioe anq lien or encvmbr�moe ar judg�tts
<br /> :� assi �L,� ��/ ����p��l� ' -� -
<br /> ,;_ Fl r"i 'd '�IiS�WT.p��/j���J�$W�s...a.r..�^ • _
<br /> St �j��III�7L�ACSS SCC1JICd hfSt'bY�0 bE dliE 2IId�le dAd 111C 5dA1C ' '
<br />- �� li. In the event of aay defan8,the Benefic�ary maY �d�or nafioe of auq IQad. Thereafter,the Beneficiar�► �,::::.;.,.�, :
<br />_ - : -•�. shall�hheceupoabecame�e and ga3"able without any p� _ -
<br /> I r �� -
<br /> . � persfln or a�ent,witb or withaut bringing anY action or prooeeding, or bp ceaeiver aPPainted try a aaurt and � � -
<br /> :;_� a eit6er in bY a � n and take gasse�Fon of the property,or a�r gazt thereo�in its own �f �:?�r
<br /> ` with'out:egard to the adeqna�y of a�Y s�tY, °� and desirable to pmse,�va the va1u� "��
<br /> � T and do a�+acrs which it deem�s �Y -
<br /> .,, meme os in the name of the T�c,
<br /> - ��� marketabilrt9 or�tabili�Y af the pmpem,or part��4�i�t theran.inc�se tLe inoome tbetefrpm or pratea the i = -:
<br />� . ',i,.. �.��g.�: s�urity hereof and.wittwut taking possession oY the pmpe�tY,'sue for.os a t l�w i s e oollect the rent�is�ses aud PmSts the�4 . -----
<br /> . dae and unpaid,and aPP�+the�� Iess cas�and expenses of ope�a�an and oallection,idchiding . ���r,� ::--
<br /> � �"'�;; 'inclnding thuse pase ��. Tt�e entering apaa n•'�= _-
<br /> ��' indebcedness seaued hereby,all in snch oNer as the BeneSciaty maY � e •- -
<br /> : r�- % • ," . ,' attomeY fe�s,uPot�anY -< _
<br /> �`"��. ��;' aad takin g p o s s e ssion af the anss estat�the ool3e�aa of sacl►r�nis,issaes a�id Profits and aPPlica�on G�as afot+e�aid 'F,>..�; _=
<br /> �.' '�` •• '�:� sha11 not a�re or waive any deEanit or notice oY d�ult he�ermder or invalidate anY act a n d in i e s p o n s e��sl�eh defaalt or ---_
<br /> . the wntinuaac�ia possession of We P�ri9 or t&e co11e�1ion,receiPt .s�,;_:
<br /> . �,+. puzsuant to�ch norice of defanit and notavithsland�S ,. y
<br /> and applicxt�n of ients,issues oT Pro��s.Tmstee or the BsneficiaiY maY be enritled to exercisee�q rigW PTavided for in aaq . �-
<br /> 4 rc�s _
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<br /> : �; : of the loan iamaments or try latv upan oa�oe of acry evem of default,inc�iag the rig,ht w e�icerciss the pawer of sal� `''y' " --
<br /> iai a receiver,or spesi&ca11Y eufarce anY of We - �-__ __-
<br /> ' . ' �� b. commenc�an aaion to forer�ose tlus Deed of Trast as a mastgage, appo . • . .r
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<br /> . . • .�: COV6�2A1S hBI�� � • ..��v,r-
<br /> ,:`. c. detiver to Tmstee a wriuen declaration of defautt and demand for sale;a¢d written aodce of default and elearoa to cas�se :' „�_
<br /> V'��� � Trostors'interest in We pmpertY to be sold,wirich notice Tn�stes shaU caase ta be duty filed for�cotd in the oSdal reca.�d5 ,, ,��-
<br /> � . .r : c iS IOCdiCa.
<br /> �.; of':�ie oountY in wbiah the property� the Benefi si�aU natify Ttustee . '•�:'::+ �'T;.-;-•._
<br /> � �� 12. Should the Benefciary elect to foreclose by exerciss of the power of sale hereia oe�iained, �Y . � 3_ � ,_---
<br /> �� �''� : and sha11 de�t aith Tn�stee this Deed of Trast and We nate a n d suc b rece i p t s and evidence of e x pendimtes made and s�aued � -_—
<br /> °�`� aad upoa reqaest of the BeneSaazY,the Tiustee shall cause w be�oorded,Published and tielivezed �
<br /> ,.;i � he�r a�Tir,stce maY ceq�ri�. law aad by tLis Deed oYTr�.Tnistee sha11 arithaut demaad � ,._ . °•-
<br /> �; eo Trnstor sac4a Katioe oFDefanit and Notice of Sale as then required 1ry
<br /> on T�ustor,aRer such time as maY then he mquired bY!aw and aRer recardation af such Notice af Ddault and a�ter Notice of Sale ���
<br /> nst �,_�.:_'<—�- --
<br />• � ' . �.� having been gi�'e�►as required hY taw,sell the DmpeRy at thc time and place of sale 5xed by it in sncb Notioe of Sate,eiWer as a ,,,_r.�-�.s_ .�_�.�
<br /> ` � � ' � � whoIe,or in separate lots or parceis or items as Tnutee sha11 c�eem exPedlent,aa�u�such°rd��s i��i'determiac, at public _
<br /> auction to the�ighest bidder for cash aad shall deliver to such purchasee os purrhaseis thcmAf a deed w 11is pmper►Y sold,oonsistent - . .
<br /> . .. �vith the law t�in e8ect. Recitats in the Ttastee's deed shall be prima#acie evidence of the ttuth of the siatennents made therein. .���__
<br /> ' Tcustee sha113ppIy the praceeQs of the sale in the foltowin8 order:(a)to all reasanable costs and e�epenses of the�le,incindinS but -;`;:�;�,�,---:�,-�
<br /> r.�t limited ro Tn�stee's fees of not more than 2%of the gross sale price,reasonable a�mey fees and oosts of titic evfdence;(b)to all �.;4 ,��.�.�,.
<br /> . �� snms secnred by this Deed of Trust;and(c)the excess. iP anY• to the person or pec�ons legally e�ii2ed thereto. A�►person. ._ . . .,
<br /> ' , inctuting the Beneficiary•maY Ptuchase said pmpertY at said sa2e. Ttustee maY in the manner pr�vided try law,Postpone sa2e oY all -.�4�::
<br /> . � or any portion of the properiy . � ��
<br /> ' � 13. Trustee and the Beneficlaty.aad each of them.shall be cmitled to enforce payment and perfomiance of any indebiedaess or .
<br /> � oblip�tion secured herebY as►d to exercise all rtg6ts and powers under this Deed of TnLSt or under airy loan instnunent or other .
<br /> �� ' � ageement or a�ry laas nar�h�er enforccd nonviYhstanding same or all of the indebtcdncss and obligations secured het�ebY . ..
<br /> " ' ' ' which may na�w or hemaRer be othezvvise sec�ued. whether by martgage:deed of Uast.P2edSe,licn, assignntent or othemise. . ,
<br /> Neither the aooeptance of this Deed of Tnist nor its enforcement,wflether 1fY wust acti�n or puisnant to the pawer of sale or other
<br /> : ' . powers herein contained.sball prCjudice or in any manner affect Tnutee's or the BCneficlary's right to tpalize upon or enforoe azry . . .
<br /> � � other secvrity nmv or hereaiter held by Truste�or We Bene&ciary, it being agreed that Tn�stee and tl►e Beneficiary.and each of
<br /> � � � them,shall b:entitled to cnforce this Dced of Tmst and anY other security naw or hereafter held by the Beneficiary or Tnutee in , •
<br /> ':
<br /> svch order and manncr as thcy may in their absolutc discretion dcumtine. No remedy herein oQnfemed upon or resencA to Ttustee • • : . � �
<br /> � ' � or Bencficiary is intercded to be exclusivc of any other remedy herein or by la�v provided or pemrittaf,but each sLall be cumulativc . � ,
<br /> t� � and shall be in addition to cvery other remedy giv+en hercunder or now or hereafter existing at taw or equiry or by statute. Evcry .
<br /> ; � power or remedy given iry any of the loan instruments to Trustec or the Beneficiary or to which either of them may be othenvise , • .
<br /> :�• ' tntitled may be exercised.concurcentty or independentty.from time to time and as often as may be dcemed expedient by Tn�stec or
<br /> Beneflciary.and cither of them may pwsue inconsiseent remed�a�Nothing herein sball be wnsnueA as prohibiting the Benefiaary __ •
<br /> from seeIsing a deflcicncy judgment against Tmstors to the exteni such action is permiried bY la�v-
<br /> 14. Tn�stors hcreby request a copy of any notice of dcfaWt and that arry•notice of sale hereunder bc mailed to Tnutors at We .
<br /> � � � address sei forth in 1he first paragaph of this Deed of Tnut. . � '.. :
<br /> � �� � 15. The Beneficiary may.by a written inswment executed and ackno�vledged by Beneficiary.maited to Tnutors and tecorded in ,
<br /> ..:.. .
<br /> ..,
<br /> '' ---- • is ta�ted aac!hy�thcrn�se oamPt!ring zvith the pravisions of ihe applicabte law of 13ie 5tate of
<br /> the(:oumy in n�hich iite pYGpeiiS . . • _
<br /> � ' � Nebraska.substitute a successor to the Tnutee named herein or acting hereunder. - ♦ .. � ' • .
<br /> . .:,.'."".'�.�---�-�- . . . . '- , � � �. . . � . .. . . ' . , . , . .. . `1 �_
<br /> .... .. . . . . - - - ._. . . . . . . . . . _ ... .. _ . ... . . _ _. _ �._ .... _.. ..ri� ._ _ ._ _ . . - --1•-.
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