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<br /> 12'-01-1997 DEED OF TFiUST 97„� �1j��3�'� Pa�6 '���;.j��--�-°
<br /> . LoqIV No 803415 (Continued) � . '�..;'„��;
<br /> _�— .�;�'.
<br /> possession o�tne Property or Ihe collecllon, recelpt�nd eppNcallon of renls, Issues or profits,Trustee a Under sh�tll bo antitNd to . „ .
<br /> exercise every right pro•�Idsd for In the Nole or Ihe Related Oooumenis or by law upon the occurrence of any ovenl of detault,Includinq Ihe ,
<br /> dghl lo exerc�se thn power of sflle; „
<br /> (b) Cnmmenca an acllon lo loreclose Ihts Deed of Trust is 4 mo►19eye�aPPdnt a rscNver a speclflr,alty sntac�eny of Iho coven�nts . �,_,•5
<br /> hereoh,and , ., - -
<br /> (c) Doliver lo Truslee a wriften declarallon of default tnd d�mend for stle and a wrilten natiCe of default�nd W�ctlon to caus�Trustore „ :�v;`��
<br /> , '� Inlerosl In Ihe Property to be sdd,whloh notice Trustes shtM c�uss to be duly Rbd for reCad In ths epproprlab offlces d t!w Counly In ^
<br /> which Ihe Properly�s loCaled;and _ -
<br /> ' ' (tl) With respect lo ell or any pert of the Personel Ptoperty�Lendet shaM haw aA ttM riphb�nd nm�dla uf�a�cund party un�r Ih� ' `
<br /> ��.•�� NebrBSka UNform CommerGlal Code. . ___
<br /> ' �""�'' Forecbsuro by Power of Sele. If Lender etecls to(oreclose by ucerclse of tFw Powsr of Saa Iwraln contaln�d,Lender shall nollfy Truste��nd _ ��_.
<br /> ohall depos�l with Truslee thfs Daed of Trust and the Note�nd euah reCelpts�nd avid�r►ca of�xptnditurss mad�and s�cund by tMs ONd ol ��;'y.'�4 :`_��
<br /> � Trust as Truslee may requlre. � ;-'•�s�
<br /> ' (a) Upon recelpl ol such notice hom Under,Trostee ehall Caus�to b�record�d,publfaMd and d�liwnd to Truslor such Notia of QNtult t y•�Y _
<br /> and Notice of Sale as Ihen requlred by law and by lhis�ued ol Trust. Trustee shall,wlthout demnnd an Tru�ta,aflK such MrtN u m�y y�.�W._�'._�_._
<br /> then be requlred by law and efter recordation of such Notia of Dotautl and aflK Nodc�ol SaN havinp bMn piwn as rsquk�d by kw,cM! .,;.�.�J_:_.
<br /> Ihe Property al the time and place of sflle fixed by il In such Notics of Sab,altha as a whoM, a In a�putl�lob or parats a 11tms a
<br /> Truslee shall deem axpedlent,and In such wder as 11 may dstermine,at pubNO aucHon to tlw hlphsst biddrr fa caah In kwful mon�y of ",`r,:;==:
<br /> deeds`con e1ylny he PboPertY so 5o d bul wlthout any ovenei�r wa anty,�sxpross o►pmpHed. The recf4b n auofi d�sdu d any mlltMS �,�-
<br /> or lacts shnll be concluswe proot of 1he Iruthfulness thereo(. Any person, Including wlihoul Ilmllation Yrustor,Trustee, or Lender,may ,�i•.�•
<br /> purChese al SuCh Sele. ���
<br /> . (b) As may be pe�miped by law,atlor deductinp all Costs,lees and expenses of Trustee and of ih15 Trust,Includlny costs of avidence of .�-`
<br /> tltle in conneclion w�tn saie,Trustse shalt epply the proceeds of sale to peyment of (I)ail sums expended under tha terms of lhls Deed ot :«:
<br /> Trust or untler the larms of the Note not then repeld,Inc�uding but not Ilmited to aCCrued interYSt and late charp�s, (��)all other sums lhen ,_,`
<br /> seCUred hereby,end pii)the reme�nder,If eny,to the porson or persans lepaly enlilled thsreto. __-
<br /> � (c) Truslee may in the manner provlded by law postpone ea�e o+a��a any porilon ot the Property. �.:?'
<br /> Remedies Not Exctuslve. Trustee and Lender,and Bach ot them,shall be entitled to enforce payment snd periormar►cs af any Indrbt�dn�ss �;_
<br /> or obligatlons secured by Ihis Deed of Trust and to exerclse 911 riyhts and powNb under thl�Deed oi Ttust,under Ihs Note,undsr any Of Ihs
<br /> ,� Related Documents, or under any other egreemeM or any lavua now or t»reafl�r In(orc�;nolwflhsUandlny,som�a aN of such Ind�bt�dn�s �-
<br /> 6nd obligatlons secured by this Oeed ol Trust may now or hereatter be olherwls�S�cured,whether by mortp�ps,d»d of trust,pNdp�,Nm,
<br /> a s s l p n m e n t or o►herwlse. Neilher tho acceplance of this Oeed ol Trust nu fb snforcemsnt,whNh�r by court�cUOn a purswnt to tM pawK of
<br /> � sale or othor powers contnlned In ihis Deed of TrusL s ha l l pre Ju d i C e o r I n n n y m a n n e r a fl e c t T r u s t e e's o r L e n d e r s r l p h t t o t e all a� u pon or
<br /> '.�• enforce any olher secunty now or hereafler heid by Trustee or Lender,It belnp epreed that Trustee and Lender,tnd e�ah o1 th�m,sh�N b� —
<br /> entitled to enforce Ih�s Deed ol Trust and any other securiry now or hereatter held by Lender or Trustw in�uch ordK and manr►�r a tMY a
<br /> ' eilher ol Ihem mey in Iheir absolulo discretion delermine. No remedy conterred upon or r e s e r v o d to TrustM a L�ndsr,is intended to b�
<br /> � 0%CIUSiv9 of flny Olher rBmeUy�n tniS Gead ul Trt;si or b��:�i.ft�1l�ed�`F!'►n'��!'�!+hut each sheN bs cumuktive�nd�hall be In addRlon to
<br /> . Note orheny of 1�ne9ROateahDce menls toSTrustee orrLende�or�to�which elther�ol hem myay�be Otherwfss enNtlsd,rmay b��xerbCfs�d�
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<br /> concurrently or Independenily, from time to�Ime end as often as may bs d�err�d�xpedient by Trusl�e or UndM,and sl�he+of ih�m rtwy
<br /> pursue Inconsislent remedles. Nolhing In this Deed of Trusl Shall be construed es prohibilinq Lender hom ss�khp a deflclencY�udO�rNnt
<br /> ayalnst Ihe Trustar to Ihe extent such octlon Is permitted by IBw.
<br /> Requeat For Notice. Trustor,on behall of Trustor and Lender,hereby requests that s copy of any NoliCe of DetauR�nd a Copy of Itny NoNCe
<br /> � uf Sale under lhis Deed of Trust be mailed to them et Ihe addresses set forth In tM flrst p�npnph of thfs Oaed of Trust.
<br /> Waiver, Electfon of Remedles. A walver by any perty of a breeCh of a provfslon of thfs Dasd of Trust sh�q no!conttitul�a wuvK of or �
<br /> preJudice the perty's rlghts o�herwlse to demand strict compliara9 wllh thet provislon or any olher provfston. Ebction by Lander to pursw�ny
<br /> remedy provided In INS Deed ot Trust,lhe Note,In any Relnled Document,Or provlded by law shall not excludu pursult of any oth�r nm�dy.
<br /> and an plect�on to make expendilures or to teke actlo�to perlorm en obilpetion of Trurtor under thls Deed of Trust efler failure of Trusla to
<br /> pertorm snnn not a}fect Lender's r�ghl to decia�e n delnult end to exerclse any of Its remetlles.
<br />� Attorneys'Fees;Expenses. It Lender institules any sufl or action lo entorce eny of ihe terms of Ihls Deed of Trusl,Lender shall bo antitNd to
<br /> � reCOVer such sum os Ihe couA moy adjudqe reasonable es e8orneys'�ees a1 trlal �nd on eny eppenl. Whether or nol any Courl�CUOn Is
<br /> Involved,all rensonabie expenses Incurred by Lender whlCh in Lendor'S op�nlon are n9Cessary at nny time fa ths prolsCtion oi Ib Inlw�st Or ihs .
<br /> ' enfwcemeni ot ds righls shnn become a parl of Iho Indebledness peyable on demand end shall bear Interost N the Nois rd�kom th�WN of _ �
<br /> � expenditure unt�l repaid. Exponses covered by Ihls peragreph Inciude,without IlmltaUon,however subJeCt fo cny Ilmits under�ppNCabN Itw,
<br />_ � Lender's ettorneys' �ees whether or not lhere I5 e Iawsuit,Inaludinp ettorneys'(0�fOr bankruptcy proCeodlnQs (InCludlnp�Morit to modNy or
<br /> vacate any automatic stny or InJunctlon), appeals end eny anticlpated post-Judpment cdlsctlon s«vices,the cost of s�archlrp r�cads,
<br /> ob181ning tille reporls pncluding toreClosure reporis),surveyors'reports,appralsal feYS,tRk InsunnC��and fMS fOr ths TtuStN,to fh��xl�nt
<br /> permilted by appi�cabie law. Trustor also wnl pay eny coud cosls,tn addElion to all other sum9 proNded by Itw. � _
<br /> RlphtB Of Trustee. Trustee shell have all of the rigMS and dulles of Lender as sat forth In fhls 6eCti0n.
<br /> , 't POWERS AND OBLIGATIONS OF TRUSTEE. The followinp provlslons relatlnp lo Ihe powort�nd obllgatlons of Trustee are part ot Ih!s DNd ot �—
<br /> Trusl.
<br /> PowerF of Trustoe. in addition to ali powerc ot Trustee artslnp es 8 maltet of IAw,Trustoe 6haN have ihe pow�lo take the foilowlna acUons ____ �
<br /> wfth respecl to tne Proporty upon the written requesl of Lender and Truslor. (a)JWn In prep�dn0 attd MIn9 a m�p a plat ot ttN FiMI Ptopsrty. _�-^�---��_�___
<br /> InClJding the tlotl�Cahon of Slroet5 or other righis t0 Ihe pubUc; (b)Jdn In grantlnq any easement u crettinp any resMction on th�Real Propaty; �,�..�.�o.�_
<br /> end (c)joln in ony subnrd�nat�on or other agreemeM aHectin�thfs�eed ol Trust or thC Interesl of LsndYr und�r thls D�sd 0�Ttus6 ,�t,�;���s�„��,�.
<br /> 7nistee. Trusiee shan meu�ail quaiif�cu�ions requtred fo�Trustee under epplfcable lew. In additlon to lh9 rlyhts end remedtes set forth above, ��;x{;� j
<br /> with respQCl to nll or any part of Ihe Properiy,Ihe Trustee shall have the dght to(oreClose by not�Ce and sa�e,end Lender shell heve 1M riphl(o "=i�- -f, •
<br /> foreClose by�ud�c�Hl loreclosure,in either cese In accordance wuh and to the tull exlenl provided by applleable lew. �:',{,�� '•'•'
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<br /> Successur Trustee. Lender,at Lendar's opuon,may from tlmo to Ilme appo�nl e succassor Truslee to eny Trust6e appolnted hereundar by an ��:�,gr��;�.
<br /> Instrument execu�ed and atknowledged by Lender and reCOrded In the otNCe of the racorda o1 HALL County Nebraska. TM Instrumenl shaN ,
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<br /> contain,in addition to nll olher mattors�equlred by stste lew,the names of the oriylnel Lender,Truslea,and Truslor,lhs book nnd pape�or , .
<br /> Computer sys�em reterencg)where this Deed ot Trust Is reCOrded,end the neme and eddress 0��he succassor truslee,and lhe Instrument Sh41i
<br /> be execuled and acknowlodgRd by all Ihe beneficiaries under Ihe Deed of Trust or Ihelr suCCessa'3�n Interest. The sucCessor trustee,without
<br /> conveyance o��no PrapPrty,shell succeed to all Ihe IIIie,power,end duties conlerred upon ihe Trustea In thls Deed of Trust and by eppliCflble
<br /> law. Th�s procedu�o lor subst�lu��on o�irustee shnll govern lo Ihe exclusion ot ull olher proNSlons for Substltutlon,
<br /> NOTICES TO TRUSTnH ANO nTHER PARTIES. Any notice under IhiS Doed of Trusi Shall be In writing, mfly be 68nt by le�elaCSlmlle(u�1e55
<br /> Otherwise reywred by I:avr),and shall be eHeCt.ve when actuai y �es�ere dfofir�heACdecuAfH d olr real�eredg'meli p�o85ta0e p epald,hdiCeC1 d�to the
<br /> - � rti8118d�Sh�ll DO O�empa enecuve wnen oaNOO�.o��•�.••a•.•...�•• •.•.:___.- - • - _=.—� ... . . -- -
<br /> eddresses shown r�ear �he neyinnmg of this Doed of Trust. Any party may Chnnge its address lor not�es undor lhl,Deed ol TruSt by p�Nnp to�mal
<br /> I wrilten notico to Ihe oiher pnrtios,spocftying Ihal Ihe purpose of fhe not�ce Is lo change the p8rly'S address. All Coples of noliCes ot foreClosu�e hpm
<br /> 1 the h0�der ol any i�en whir,h:�as p�ior�ly over Ihis Deed ol Trusl shaA be senl lo Lender's atldress,es shown near the beylnning o�Ihls De�►d ol Trust.
<br /> FOr no�iCe p�rposc�s.7r usini ag�ees lo koep Londer and Trusloe Informed al ell fimos of 7ruslor s Current flddress. ��
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<br /> ' ti ISCELLdNEOUS PROVISIONS. The to��oufng miscellaneous provislons are a part ol lhls Daed oi Trust: �
<br /> � Amendments. rr,�s OPed ol 7rust,logelhor w�lh eny Reieted DocumenlS,constftutes tho entire unde�stand�ng and agreoment o'tho partles as
<br /> to Iho maue�s sel ro�m �n Ihis Daed ol Trust. No allernhon ol or emendmenl to lhis Deod of Trust sh311 b9 oNeCtive unless giv�n In wriling and
<br /> signed by�he U���Y o�p���"'s sough��o 0o chargea or bound by th9 altarnlion or emendmdnl.
<br /> �` , Appllcable Lm:. This Dced ot Trtisl has been deiwerrA to l.ender end eccepted by Lender In the Stele of Nebrsske. 'fhle Detsf of Truat �
<br /> Shall be guverned bY anA construed In accordnnce wlih the Iewe o}Ihe StetO of Nebreske.
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