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��14��459
<br /> �EE� oF TRusT
<br /> �
<br /> Loan No= 87��59563 ���nt�rl[�ed� Pag� 5
<br /> {b� Cammence an action to foreclose this Deed of Trust as a mortgage, appo�n�a recei�er o�sp�cifically
<br /> en�orce any o��he c�venan�s hereof; and
<br /> �c} DeliWer�v Trustee a writ�en dec�ara�ion of defau�t and demand for sa��and a wri�ten no�ice of defaul�
<br /> and elec�ion to cause Trus�or's in�erest in�he Property to be s�ld,which notic�T�-us�ee shaJl cause ta 1ae
<br /> du[y filed far record in th�appropria�e o-��ices of the County in wh�ch�he Proper�y is [ocat�d; and
<br /> �d} 11�i�h respect to al[ or any part of the Persana� Propertyr Lender shali ha�e all the rights and rem�dies
<br /> vf a secured party under th� Nebraska Uni-�flrm Commercial �ode.
<br /> Foreclasure hy Pvwer o�Sa�e. I�Lender elects to fvreclose by exer�ise af�he Power of Sale he�-e�n cvnfiained,
<br /> Lender shall notify Trustee and sha!! depvsi� wi�h Trustee �his Deed of Trust and the �red��t Agreement and
<br /> such receipts and e�id�nce of�xpenditures made and secured by this De�d of Trust as Trus�ee may require.
<br /> {a} Upon receipt of such notiGe from Lender,Trustee sha�� cause�o he recorded, pub[ished and de�iver�d
<br /> to Trustor such Notice of �e�au��and Nati�e vf Sa�e as then re�uired by [aw and by this Deed o�Trust.
<br /> Trus�ee sha�l, withou� demand on Trustor, after such t�me as may then be requ�red by Ialrv and after
<br /> recordation a�such NotQce o� Default and after lVvti�e of Sale ha�ing been gi�en as required by�aw, se[[
<br /> the Prop�rty at the time and p�ace of sale ��xec! by it in such Notice v�F Sa[�, ei�her as a who[e, or in
<br /> separate Iots vr parcels or items as Trustee shal� deem exp�di�n�, ana in such order as i�may determine,
<br /> afi public au�tivn�o the highest bidder fvr cash in Iaw�ul money of the United States payable a�the t�me
<br /> �f sa�e. Trustee sha�l deliver �� such purchaser vr purchasers �hereo� its good and sufficient deed or
<br /> deeds con�eying the property so sold, but w�thou� any c�venant or warranty, express or imp[ied. The
<br /> reci�a[s in such deed a� any ma�ters or fac�s sha�l be conclusiWe proo�o�the �ru�hfu�ness thereaf. Any
<br /> person, €nc�uding withou�[imitation Trus�or,Trustee, or Lender, may purchase at such sale.
<br /> {b,} As may be permitxed by 1aw, after deducting all costs, �ees and expenses of Trustee and af �his
<br /> Trus-�, includ'rng cvsts of e�idence of title in ca�nectian with sale,Trustee sha�! appfy the proceeds vf sale
<br /> to paymen� of {i} alf sums �xpended under the terms of �his Deed of Trust or under the terms ❑f the
<br /> �redi�Agreement not then repaid, inc�uding but no� �i:rnited �a accrued interest and �ate charges, {ii� aff
<br /> �ther sums �hen secured hereby, and {iii} �the rema�nder, E€any� to the person ar persons lega[[y enti�led
<br /> thereto.
<br /> ��} Trustee rr��y in the rrmanner provided �y[aw postpon�sale o�all or any portion�f the Prvper�y.
<br /> Remedies Nat Exclusi�e. Trustee and Lenderr and eac� ❑� �hem, sha[[ b� entitled to en�vrce payment and
<br /> perfvrmance o�any indebtedness or obli.gat�ons secured by th�s Deed of Trus�and to exercise all r�gh�s and powers
<br /> under thEs ❑eed of Trus�, under �he �redit �4greement, under any of th� Re[at�d Documen-�s, or under any other
<br /> agreement ar any laws naw or hereafter in -�vrce; nvtwithstanding, some or all of such indeb�edness and
<br /> �bligat'rons secured by this Deed af Trust may n�w or herea#ter be otherwise secured, wh�ther by mor�gage, deed
<br /> nf trus�, pledge, lien, assignment or atherw�s�. Neither�he acceptance of this Deed of Trust nor its enforc�ment,
<br /> �irhether �y court action ar pu�-suant to the power of sa[e or other pow�rs contained in this ❑e�d at Trust. shal�
<br /> pr�judice or in any manner affect Trustee's or Lender's right to realize upon or enforce any other secur"r�y now or
<br /> hereafter he[d �y Trust�e�r Lender, it being ag�eed that Truste� and Lender, and each of them, shall be enrtitled to
<br /> en-�oree this Deed af Trust and any other se�ur�ty now or hereafrter he['d by Lender or Trustee in such order and
<br /> manner as they �r either of them may in their absolu�e discr�t�on determ'rne. No remedy conterred upon or
<br /> reserved to T�-ustee �r Lender, is in�end�d to be exclusi�e of any other remedy fn �his I]e�d of Trust or by iaw
<br /> pro�ided a�- perr�itted, but �ach shall be curr-tu[afii�e and sha,ll �e in addition ta e�ery other remedy �iWen in �his
<br /> �eed of Trust��n�v�r �r herea-�-ter existing a� latnr or �n e�uity a� hy statute. E�e�y power or rem�dy gi�en by�h�
<br /> �r�dit A.greerr�ent ar any of �he �e�afied Documents to Trustee or Lender or to which ei�her o� them may be
<br /> otherwis� en�i�led, may be exercised, concurr�ntly ar independ�n��y, from �ime �o �ime and as often as may b�
<br /> deemed exped3�nt by Trus�ee or Lender, and either o� them may pursue rncansistent remedies, Nothing in this
<br /> Deed of Trust sha[� �� cons�rued as prohibi�ing Lender f�om seeking a def ciency�udgmen� against the Trustvr to
<br /> the ex-tent such action is permitted by[aw.
<br /> Ele�t�vn of F�emedies. A[I of Lender's rights a-nd remedies will be cumulati�e and may he exercised alone or
<br /> together. lf Lender decides �a spend mone� vr to perfarm any of Trustor's ob[igafiions under this Deed a�Trus-�,
<br /> after Trustor's fai[ure �o d� so; that decision by Lender wi[� not affec� Lender's righ�to declare Trus�ar in de-fault
<br /> and�o e�eer�ise Lender`�remedies.
<br /> Reques�f�r N�tice. Trustor, an beha�f o�Trus�vr and �.ender, herehy r�quests�hat a ��py o�any No�tice of Defau[t
<br /> and a �op�o�any lVa�ice o�Sale under this Deed �f�r�st �e mailed to�hern a-�-�h�ad€d�esses set�or�h in the first
<br /> paragraph�f thrs Deed v�Trust. �
<br /> Atto�rneys' Fees: Expenses. lf L�nder �nstitu�es any sui� or a�fiion to enforee �ny of the terms of this Deed of
<br /> Trust, Lender shall be en�it�ed ta recoWe.r such sum as th� cour-�may adjudg� reasanable as attorneys' fiees at�ria[
<br /> and upon any appea[. llllhether vr not any courk action is inWo[�edr and �o the extent nrot prohibited by law, a[[
<br /> reasonable e�penses Lender incurs �ha� �n Lende�'s apinion are n�cessary at any �ime -Fvr the prvtection �-� its
<br /> interest or the enfvrGement a-�its righ�s shall become a park of the Incieb�edness payab�e on demand and sha[l bear
<br /> interest at the �redi�t Agreement rate from the date of the expenditure un�i[ repaid. Expenses Go�ered by �his
<br /> paragraph include, withaufi limitatEon, hov�re�er subjec��o any Eimits under appi�cabie lainr, Lender's at�orneys` �Fees
<br /> and Lender's [ega;� expenses, whether vr not there is a Iawsui�, �ncluding at�orneys' fees and expenses far
<br /> bankruptcy prviceedings �ine[ud�ng effvr�s �o mvdify or vacat� any aufiomatic stay or in�unc�ivn}, appe�ls; and any
<br /> an�icipated pos��udgment colle�tion se�-�i�es, the cost �f searching records, obtain-ing t�tle reports �in�Iud�ng
<br /> �arec[vsu�� reports3o sur�eyors' reportsr and appraisa! fees, t�t[e ins�rancet ar�d �ees f�r�the Truste�, to�he ex-�ent
<br /> �err-r-�it-��d by a�apficah�e law. Trustor afso v�ri[[ pa�an�j c�u�cvstso �r�additi�n��al[ot�er��€rr-�s pro��ded by lawn
<br /> Right�vf Trustee. Trustee sha�� ha�e a[����he r�ghfis and du�ies o�Lender as se��vrth in�his see-��o�a.
<br /> P�V11E�S AND ��3Li��1TI�NS DF TRUS�'EE. The�.ollowi�g pra�isioris r-��ating�v the �owers and vb[iga�ions o�Trus�ee
<br /> are par�of this Deed a�Tr-us�: ,
<br /> Pvwers of Trustee. fn add�tion to al! powers of Trustee arising as a matter of law, Trustee sha[[ ha�e the power to
<br /> take the �ollow�ng acti�ns �nrith respect to the Proper�ty upon the vtirri�ten request of Lender a�d Trust�r: {a} �o3n in
<br /> preparin� and fii�ing a map or plat of the Real Prvperty, inc�uding �he dedication of s�reets or othe� righ�s ta �he
<br /> pub[ic; �b} join in g�-anting any eas�ment vr crea�ing any res�ri�tion on the Real P�-oper�y; and {c} j�in in any
<br /> subordinat�on or other agreement affecting this ❑eed of Trus�or the in-�eresfi o�Lender under�his�eed af Trust.
<br /> Trustee. Trustee sha�i mee� a[[ qua���ica�ions required �or Trustee unde� appficab�e law. �n additian ta the ri�hts
<br /> and remedies set forth above, with respect �o all or any �art��th� Proper�y, the ��-ustee sha[[ ha�e the right ta
<br /> �areclose b}r notice and sa[e, and Lender wi[[ have �he righ-� �� �orecfose b�judicial forec�osu�e, �n either �ase �r�
<br /> ac�ordance vv�th and#a thie full ext�nt prov�ded �y ap�li�a�fe�a�nro
<br /> 5uccessor Trus#ee. L�nder, a�Lender°s �pt�onr may t�rorr�t�rr�e�v�irr�e appoir��a s�G�essor Tr�s�ee�o ar���'rustee
<br /> appo,inted under this �eed of�rust by an instrum��t ex�cuted and acknov►rledged h� L�nd�r ar�d �ec�rdeC� �n the
<br /> ofi�ice of the record�r of HALL County, Sta�e of Ne�raska. �he instrument shall cantainr in addition ta afl �ther
<br /> matters r�quired by state [aw, the names of the origina! Lender, Trustee, and Trustorr the baak and page �vr
<br /> �omputer system �-eference} wher� this ❑eed of Trus� is recorded, and �he name and add.ress of the successor
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