201407702 - Laserfiche WebLink

Browse

i � � ��14�77�� � � DEED DF TRUST � . Loan Nv: ��'1�8�3�� Cont�nued} . Page 7 R�GHTS AND RE11JlEDIES �N DEFAULT. �f an E�ent v�F D�fault occurs under th�s Deed o�Trust, at any time fihereafter, Trustee or Lender may exercise any vne ar mare of�he follawing rights and remedies: Acceleration Upvn Defaui�i Additional Remedies. i�any E�ent of Default occurs as per the terms ❑f the Nvte secured here�y, Lender may declare all [ndebtedness se�ured by this ❑eed of Trus�tv be due and payalale and �he same shall thereupvn becvme due and paya�le wi�hou�any p�esen�ment, d�mand, prot�st❑r natice❑�any kind. Th�reaf�er, Lender may: �a} Either in persan �r by agent, wi�h or w��hou� bringing any action ❑r praceeding, ar by a recei�er appoEnt�d by a court and withou�regard tv the adequacy o�its secur�ty, enter upon and take possession vf the Prvperty, ❑r any part�hereof, in its own name or in the name ❑f Trus�ee, and do any acts which i� deems necessary ar desirahle to preserve the�alue, marketabili�y or rentabifi�y af the Property, ar part of the Proper�y ar int�rest in the Property; increase the inc�me from�he Property or prvtecfi the security ❑fi the Property; and, with o�- wi�hout -�aking p�ssession af the Properky, sue ��r fl�- �therwise col[�ct �he . ren�s, issues and pro�its of the Prope�ty, including thase pas� due and unpaid, and app�y the same, less cos�s and e�cpenses of apera�ion and collectivn attvrneys' fees,t❑ any indeb�edness secured by this ❑eed vf Trusfi, afl En su�h order as Lender may determine. Th� ent�ring upon and taking possessian of�he Property, the collection of such renfis, 15SLiB5 and pra�its, and the application th�reof shalf nat cure ❑r wai�e any de#ault or natice ❑f defaul� under fihis Deed of Trust❑r En�alEdate any acfi dane in response�o such de�au�t or pursuan�ta such nv�ice vf default; and, nv#withstanding�he con�inuance En pvssessian of �he Praperty or the callectian, receipt and appl�cation o� renfs, issues or prv�its, T�ustee ❑r Lender shall �e ent�t[ed �a exe�cise e�ery right pro�ided ��r in the Nv�e ❑r the Rela�ed ❑acuments or E�y �aw upon the ' �ccurrence of any e�en�k nf default, including the right�o exercise fihe pvwer v�sale; {b} Commen�e an action ta fvreclase this De�d ❑�F Trust as a mortgage, appoint a rec��rer or sp�c�ficai[y en�force any o�the covenants herev�; and �cy De�i�e��v Trustee a writken declaration ❑f defaul�and demand for saEe and a wrEtten nv�ice o�de�ault � and electiori�v cause Trustar's in�terest in the Property to be so1d, wh�ch notice Trustee sha[[ cause to be duly filed for r��ord in the appropriate❑ffi�es ❑f the Cvunty,in which the Proper�y is loca�ed; and {d} 11�lith �-�spect t❑ al� or any �ar-�❑f the Persana� Prop�rty, Lender shail have all�he rights and remedies ❑�a secured party under�he Nebraska Uni�orm Commercial Code. Fareciosure hy Power v�Sa�e. lf Lender elects to fvreclvse hy exer�ise o��he Power of Sale herein contained, Lender shall na�i�y Trus�ee and shall depas�t with Trustee this Deed of Trust and �he Note and such receipts and e�idence of expendi�ures made and secured by�his aeed vf Trust as Trustee may require. {a} Upvn receEpt af such notice-�rom Lende�-,Trust�e shall cause to be recvrded, pub�ished and deli�ered to Trustvr such Notice o� ❑efault and Notice vf 5aie as fihen required by [aw and by�his Deed of Trust. Trustee shall, wi�hout demand on Trustvr, a-�ter su�h time as may then 1ae required by law and after recardation ❑f such Notice of Defaul� and after Nvtice ❑f 5ale ha�ing heen gi�en as required by law, sell the Property at fihe time and place vf sale fixed by it in such Notice �� 5ale, either as a who[�, ❑r in separate lats ar parcels or i�ems as Trustee shal� deem expedient, and in such order as i� may determine, at public auction ta the highest bidder fv�-cash in lawful maney of�he Uni#ed Stat�s payable at�he time ❑� sa�e. Trus�ee shall deti�er �❑ such purchaser or purchasers thereo�f its good and sufFicient deed ❑�- deeds convey�ng �he proper�y so sv�d, f�ut withaut any covenant vr warranty, express or �mplied. The recitals in such deed vf any matters or fa�ts shall be cvnclusive prvv� ❑�the truthfuln�ss �hereof. Any persvn, including w�th�ut lim�ta�ivn Trustor,Trus�ee,❑r Lender, may purchase a�such sale. {}�} As may be permitted by �aw, a-�ter deducting all costs, ��es and expenses �� Trustee and o# this Trust, inctuding costs of eviden�e of tit{e in cvnnectian wi�h sale,Trustee sha�1 apply the proceeds�f sale - �o payment o� �i} a!E sums expended under�khe�erms af this Deed o�Trus�or unde�-the�erms of the N�te nvt then repaid, including bu� no� limited tv accrued in�erest and la�e charges, ��i} all o�her sums then secu�ed hereby, and �iii}the remainder, i-�any,to�he persan❑�-persans legaily entififed�her�to. �c} Trustee may in�he manner prv�ided by law pastpone sale a�all ❑r any portion af the Praperty. Remedi�s Nvt Exciusive. .Trustee and Lende�-, and each v� them, shall be entitled �� enfor�e paymen� and performance o�any Endeb�edness or obl�ga�ions secured by this Deed❑t Trus�and t❑�xercise a�l rights and pvwers � under fihis ❑eed v#Trust, under the Not�, under any a��he Refated Documents, ar under any other agreement or any laws nvw or hereafter in#orce; natwithstanding, some or ali of such �ndebtedness and obligativns se�ured by . this Deed af Trus�may now ❑r hereafter he atherwise secured, whe�her by mortgage, deed of trust, pled�e, lien, assignmen� or ❑�herwise. Nei�her the acceptance of this Deed �� Trust nor its enfarcement, whe�her by cou�-t � acfiivn or pursuan�to �he pow�r�f sa�e ❑r❑ther pvwers contained �n �his Deed ❑f Trust, shall prejudice or in any manner affe�t Trustee's or Lender's right to realize upvn or enfarce any other security now ar hereafter held by Trustee or Lender, it being agreed thafi Trustee and Lender, and each�#them,shall be entitled to enforce�his Deed � of Trust and any a�her security now vr herea�ter held by Lender ❑r Trustee in such order and manner as they ar either ❑��hem may in the�r abs�[u�e d�s�retion determine. No remedy conferred upon or reser�ed �o Trust�e ❑r Lender, E5 intended to be exGlus�ve o�any❑ther remedy in this Deed of Trust or 1ay Iaw proWided or permi�ted, hut each shalE be cumulati�e and shall be in addi�ion �o e�ery other remedy gi�en in this ❑eed ❑f Trust or now v� hereafter e�isting at law ar in equity or 1�y statute. E�ery pvwer�r remedy gi�en by the Nofie or any o�f the Related 3 � i