|
��14��9�5
<br /> �
<br /> IDEEC� �]F TF�US1�
<br /> Loan No: 'i�'I�8�448 ��onti�u�d} Page S
<br /> interest or�h� en�orcement af its rights shail become a part❑f the Indeb�edness payab�e on demand and shail bear
<br /> interest at the Note rate from th� date af�he expenditure until repaid. Expenses co�ered hy this paragraph include,
<br /> � with�ut �imitation, howeWer subj�ct t❑ any limits under applicable law, Lender's a�tarneys' fees and Lender's lega�
<br /> expenses� whether or not �h�r� is a lawsuit, including attorneys' fees and exp�nses �or banlcruptcy pr�ceedings
<br /> tincluding e�forts�a mvdify ar�acate any au�oma�ic stay�r injurtcti�n}, appeals, and any an�icipated p�st-�u�gmen�
<br /> c�llection ser�ices, the cost o�f searching records, �btaining ti�le rep�r�s �includirtg for�cl�sure reports}, sur��eyars'
<br /> repvrts, and appraisal fees, title insuranc�, and fees far the Trustee, to �h� extent p�rmitted by applicab�e law.
<br /> Trustar also will pay any�ourt c�sts, in addition�o all other sums provided by law,
<br /> Rights of Trustee. Trus�ee shall ha�e a�l o��he righfis and duties❑f Lender as set f�rth in this section.
<br /> P�WERS ►�1NC] (]BLIGATIUNS DF TRUSTEE. The folfowing provisi�ns relating �o th� pvwers �nd abligations ❑f Trustee
<br /> are part af this C]eed ❑f Trus�:
<br /> Pawers of Trus#ee. �n addi�ian ta al! pow�rs a�F Truste� ar�sing as a matter of law, Trustee shali ha�e �he pawer ta
<br /> tak� the following actions with r�sp�ct to the Prap�rty upan the written reques� df Lender and Trustar: (ay join in
<br /> preparing and filing a map or plat af �he Real Proper�y, including the dedication at streets ar ather rights to �he
<br /> pub[ic; �b} jnin in granting any �asem�nt �r creating any restric�ion �n the Real P�aperty; and {c� jai�t �n any
<br /> sub�rdination ar other agreemen�affecting this Deed of Trus�nr the int�r�s�of Lender under this ❑eed af Trust.
<br /> Trus��e. Trus�ee shall mee� all qualifications required for 7rusfiee under applicable law. In additian to the rights
<br /> and remedies set ��r�h abo�e, with r�spect to all �r any part of the Proper�y, �he Trus�ee shall ha�� �he righ� �rti
<br /> ��rec�vse by nvtic� and sal�, and Lender shall ha�e �he right t� for�cl�se by judicial foreclosure, in either case in
<br /> ae�ordanc�with and ta the �uil extent pr�vided by applica�ie �aw,
<br /> Succe$sor Trusfiee. Lender, at Lender's op�ian, may fr�m time to time appoint a su�cessor Trustee to any Truste�
<br /> appointed under this Deed o�F Trus� by an instrum�n� executed and acknowledged by Lender and rscorded in the
<br /> �f�ice af the record�r of HALL �oun�y, Sta�e of Nebraska. The instrument shall contain, in addi�ion ta all nther
<br /> matt�rs required by sta�e law, the names �f the ariginal L�nder, Trustee, and Trustar, fihe bo�k and page �or
<br /> campu�er system ref�rencey wh�re �his De�d of Trust is rec�rded, and the name and address af the successor
<br /> trustee, and�he instrumen�shall b�execu�ed and acknowledged by all�th� beneficiari�s under�his Deed a�Trust�r
<br /> their successors in in�er�st. The successor trustee, withaut conveyan�e o�F�he Proper�y, sha�� suc�eed to ali the
<br /> title, p�W�r, an� duties �on�Ferred upan ths Trustee in�h�s Deed of Trust and by applica��e law. This pracedure f�r
<br /> substitution o�Trustee sha�l g��ern�o the ex�lusion af all other provisians for substitution�
<br /> NDTICES. Any notice required �o he �i�en under this Deed af Trust, including withoufi fimitation any na�ice of default
<br /> and any natice af sale shall be g��en in writin�, and shalE be e�fe��i�e when actuafly d��ivered, when a��ually recei��d
<br /> by telefaCsimile �un�ess a�herwise required by law7, when depa�it�d with a nationafly recogrtized aWernigh�courier, �r, if
<br /> mailed, vuhen deposited in �h� lJnited States mail, as �irst c�ass, cer�ified or re�istered mail postage prep�id, direc��d to
<br /> �he addresses shown near the b�ginning ❑f this De�d af Trus�. A11 copies of natices o� fareclosure fram th� hnlder flf
<br /> any li�n �nrhich has prio�ity o�er this Deed o�F Trus� shalE be ��nt to Lender's address, as shawn near the beginning of
<br /> �his �eed of Trust. Any par�y may change ��ks eddress fvr na�ices under this De�d o� Trust by �i�ing formal written
<br /> notice to the other partiss, spe�ifying �ha�k the purpase of the noti�e is to Chang� the par�y's address. Fvr notic�
<br /> purpases, Trust�r agre�s to keep Lender in�armed at all times of Trust�r's current address. lJn[ess ❑therwise pro�ided
<br /> or r�quired by law, if there is mare than one Trust�r, any nati�e g��en by Lender ta any Trus�or is deemed to be n�tice
<br /> gi�en tn all Trustors.
<br /> 1V�IS�ELLANEt]US PR[3VISIC�NS. The�Following miscellaneaus pravisians are a par�t of�his Deed of Trust:
<br /> Amendmen�s. This Deed of Trust, tvge�kher with any Related ❑acuments, canst�tutes fihe entire understandEng and
<br /> ag�eement vf the parti�s as t� �he matters s�� farth in �his Deed �f Trust. No alt�r�tion ❑f ❑� amendment to �his
<br /> Deed ❑�Trus�shall be effe��ive unless gi�en in writing and signed by the par�y vr parties sou�h�to be charged or
<br /> bound by the alteratian❑r amendmen�.
<br /> Annual Repor#s. €f the Prop�r�y is used far purposes o�her than Trusfiar's residence, Trustar sha�l furnish to
<br /> Lender, upan reques�, a cer�ri�ied sta�ement af net ❑perating income recei�ed fram the Proper�y during Trustor's
<br /> pre�iaus fiscal year in such f�rm and detai! as Lender shall requEre. "hlet apera�ing income" shali mean all �ash
<br /> receipts frvm the Property less all cash expenditures made in c�nnec�ian with�h��peration ❑f the Pro�er�y.
<br /> �aption Headings. �apfii�n headings in this Deed ❑f Trust are for convenienc� purpvses ❑nly and are nat t� be
<br /> used ta interpret�r define�he pra�isions af�his Qeed o�Trust.
<br /> IVlerger. There shall b� no merger a��he interest ar estate created �y�his D��d o�Trust with any ❑ther in�erest ❑r
<br /> estate in the Property at any time held by or for th� benefit vf Lender in any capacity, wi�hout the written cvns�nt
<br /> af Lender. �
<br /> Gaverning Law, This Deed of Trust will be go►rerned hy federal 1aw applicable to Lender and, t� #he extertt not
<br /> preemp�ed by federal law.th�laws of the S#ate of Nebraska wi#hau�k regard ta its conflicts of law provisions. This
<br /> Deed of Trust has been accepted hy Lender in the State of Nebraska,
<br /> �hvice of Venue. If there is a fawsuifi, Trustar agrees upon L�nder's reques� ta submit �a fihe jurisd�ctian af the
<br /> c�urts��HALL County, State Qf Nebraska,
<br /> Jaint and Se►reral Liability. All vbligatians of Trust�r under this Deed of Trust shall be joint and sev�ral, and all
<br />
|