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201402195
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201402195
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Last modified
8/19/2014 2:25:50 PM
Creation date
4/16/2014 8:20:17 AM
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DEEDS
Inst Number
201402195
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201402195 <br />may, from time to time, by written instrument executed and <br />acknowledged by Beneficiary, mailed to Trustor and recorded in the <br />county or counties in which the Property is located and by otherwise <br />complying with the provisions of the applicable laws of the State of <br />Nebraska, substitute a successor or successors to the Trustee named <br />herein or acting hereunder; (c) although the Trustee, or Trustee's <br />successor or successors, may be an agent of, or attorney for, or <br />otherwise connected with the Beneficiary, such fact shall not be <br />construed to disqualify Trustee to act as such Trustee, nor shall <br />such fact prevent the Trustee or Beneficiary from bidding at a sale <br />and buying any part or all of the Property at any sale hereunder; (d) <br />that if it should be necessary or appropriate for the protection of <br />the security hereby conveyed or enforcement of the debt hereby <br />secured, for the Trustee or the Beneficiary to institute or become a <br />party to any proceeding or suit in a court of bankruptcy or probate <br />or other court of general or limited jurisdiction, all expenses and <br />costs properly incurred by said Trustee or said Beneficiary <br />(including reasonable attorneys' fees) paid or incurred by such <br />Trustee or Beneficiary in maintaining, prosecuting or defending such <br />proceeding or protecting their respective rights hereunder shall be <br />an additional debt secured by this Deed of Trust in like manner with <br />the principal debt herein described; (e) Beneficiary, or its agents, <br />representatives or workmen, are authorized to enter at any reasonable <br />time upon or in any part of the Property for the purpose of <br />inspecting the same and for the purpose of performing any of the acts <br />it is authorized to perform under the terms of this Deed of Trust; <br />(f) any forbearance by Beneficiary or Trustee in exercising any right <br />or remedy hereunder, or otherwise afforded by applicable law, shall <br />not be a waiver of or preclude the exercise of any such right or <br />remedy hereunder; similarly, the waiver by Beneficiary or Trustee of <br />any default of Trustor under this Deed of Trust shall not be deemed a <br />waiver of any other or similar defaults subsequently occurring; (g) <br />extension of the time for payment or modification or amortization of <br />the sums secured by this Deed of Trust granted by Beneficiary to any <br />successor in interest of Trustor shall not operate to release, in any <br />manner the liability of the original Trustor and Trustor's successor <br />in interest. Beneficiary shall not be required to commence <br />proceedings against such successor or refuse to extend the time for <br />payment or otherwise modify amortization of the sums and indebtedness <br />secured by this Deed of Trust by reason of any demand made by the <br />original Trustor and Trustor's successors in interest; (h) without <br />affecting the liability of the Trustor or any other person liable for <br />the payment of the obligations and indebtedness secured by this Deed <br />of Trust, and without affecting the lien or charge of this Deed of <br />Trust upon any portion of the Property not then or theretofore <br />released as security for the full amount of all unpaid obligations, <br />Beneficiary may, from time to time and without notice (i) release any <br />person so liable, (ii) extend the maturity or alter any of the terms <br />of such obligation, (iii) grant other indulgences, (iv) release or <br />reconvey, or cause to be released or reconveyed at any time at <br />Beneficiary's option any parcel, portion or all of the Property, (v) <br />take or release any other or additional security for any obligation <br />or indebtedness herein mentioned, or (vi) make compositions or other <br />arrangements with debtors in relation thereto; (i) in addition to the <br />rights and powers given to the Trustee and Beneficiary herein, the <br />Beneficiary shall have all such other rights both in law and equity <br />for collection of the indebtedness secured hereby as it would have <br />but for this Deed of Trust; (j) all covenants and agreements of <br />Trustor set forth in this Deed of Trust shall be joint and several; <br />(k) this Deed of Trust shall be governed by the laws of the State of <br />Nebraska; (1) in the event any one or more of the provisions <br />contained in this Deed of Trust, or the Note or any other security <br />instrument given in connection with the indebtedness hereby secured <br />
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