201307953 - Laserfiche WebLink

Browse

201307953 Property ID 847 Property Address 960 Allen Drive Grand Island,NE 68803 awards, or other claims, property or rights assigned to Beneficiary under this Deed of Trust; (iv) Beneficiary makes a site visit, observes the Property and/or conducts tests thereon; (v) Beneficiary receives any sums under this Deed of Trust or any proceeds of any collateral held for any of the Secured Obligations, and applies them to one or more Secured Obligations; (vi) Beneficiary, Trustee or any receiver performs any act which it is empowered or authorized to perform under this Deed of Trust or invokes any right or remedy provided under this Deed of Trust; or (vii) Any notice of default and election to sell under this Deed of Trust is cancelled. 7.2 Powers of Beneficiary and Trustee. (a) Trustee shall have no obligation to perform any act which it is empowered to perform under this Deed of Trust unless it is requested to do so in writing by Beneficiary and is reasonably indemnified against loss, cost, liability and expense by Trustor. (b) Beneficiary may take any of the actions permitted under Paragraphs 6.3(b) and/or 6.3(c) regardless of the adequacy of the security for the Secured Obligations, or whether any or all of the Secured Obligations have been declared to be immediately due and payable, or whether notice of default and election to sell has been given under this Deed of Trust. (c) From time to time, Beneficiary or Trustee may apply to any court of competent jurisdiction for aid and direction in executing the trust and enforcing the rights and remedies created under this Deed of Trust. Beneficiary or Trustee may from time to time obtain orders or decrees directing, confirming or approving acts in executing this trust and enforcing these rights and remedies. 7.3 Merger. No merger shall occur as a result of Beneficiary's acquiring any other estate in or any other lien on the Property unless Beneficiary consents to a merger in writing. 7.4 Applicable Law. This Deed of Trust shall be governed by the laws of the Commonwealth of Massachusetts without regard to its conflict of laws principles, except for such laws as pertain to the creation, perfection and enforcement of the lien related to the Property in which case the laws of the State of Nebraska shall govern. 7.5 Successors in Interest. The terms, covenants and conditions of this Deed of Trust shall be binding upon and inure to the benefit of the heirs, successors and assigns of the parties. However,this Paragraph does not waive the provisions of Paragraph 6.1. 7.6 Interpretation. Whenever the context requires, all words used in the singular will be construed to have been used in the plural, and vice versa, and each gender or neutral pronoun will include Deed of Trust.CFT Developments.NE#847 Page 15