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200000390
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Last modified
7/20/2017 7:13:59 PM
Creation date
10/20/2005 7:39:03 PM
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DEEDS
Inst Number
200000390
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� 200000390 <br /> for the payment of said charges one month prior to the due date thereof <br /> and that they will furnish Beneficiary with proper statements covering <br /> the same 15 days prior to the due dates thereof. In the event of <br /> foreclosure or sale of the premises herein, or if the Beneficiary <br /> should take a deed in lieu of foreclosure, the amount so a�cumulated <br /> will be credited on account of the unpaid principal or interest. If <br /> the total of the monthly payments as made under this paragraph shall <br /> exceed the payments actually made by the Benef iciary, such excess shall <br /> be credited on subsequent monthly payments of the same nature, but if <br /> the total of such monthly payments so made under this paragraph shall <br /> be insufficient to pay such taxes, assessments, and insurance premiums <br /> when due, then said Trustor shall pay the amount necessary to make up <br /> the deficiency which payments shall be secured by this instrument. To <br /> the extent that all the provisions of this paragraph for such payment <br /> of taxes, assessments and insurance premiums to the Beneficiary are <br /> complied with, said Trustor shall be relieved of compliance with the <br /> covenants contained in the above two paragraphs as to the amounts paid <br /> only, but nothing contained in this paragraph shall be construed as in <br /> any way limiting the rights of the Trustor at its option to pay any and <br /> all of said items when due. <br /> 5. ACTIONS AFFECTING TRUST ESTATE. Trustor shall appear in and <br /> contest any action or proceeding purporting to affect the security <br /> hereof or the rights or powers of Beneficiary or Trustee, and shall pay <br /> all costs and expenses, including cost of evidence of title and <br /> attorney' s fees, in any such action or proceeding in which Beneficiary <br /> or Trustee may appear. Should Trustor fail to make any payment or to <br /> do any act as and in the manner provided in any of the Loan <br /> Instruments. Beneficiary and/or Trustee, each in its own discretion, <br /> without obligation so to do and without notice to or demand upon <br /> Trustor and without releasing Trustor from any obligation, make or do <br /> the same in such manner and to such extent as either may deem necessary <br /> to protect the security hereof. Trustor shall, immediately upon demand <br /> therefor by Beneficiary, pay all costs and expenses incurred by <br /> Beneficiary in connection with the exercise by Beneficiary of the <br /> foregoing rights, including without limitation costs of evidence of <br /> title, court costs, appraisals, surveys and attorney' s fees. Any such <br /> costs and expenses not paid within ten (10) days of written demand <br /> shall draw interest at the default rate provided in the Note. <br /> 6. EMINENT DOMAIN. Should the Trust Estate, or any part thereof <br /> or interest therein, be taken or damaged by reason of any public <br /> improvement or condemnation proceeding, or in any other manner <br /> including deed in lieu of Condemnation ("Condemnation") , or should <br /> Trustor receive any notice or other information regarding such <br /> proceeding, Trustor shall give prompt written notice thereof to <br /> Beneficiary. Beneficiary shall be entitled to all compensation, awards <br /> and other payments or relief therefor, and shall be entitled at its <br /> option to commence, appear in and prosecute in its own name any action <br /> or proceedings. Beneficiary shall also be entitled to make any <br /> compromise or settlement in connection with such taking or damage. All <br /> such compensation, awards, damages, rights or action and proceeds <br /> awarded to Trustor (the "Proceeds") are hereby assigned to Beneficiary <br /> and Trustor agrees to execute such further assignments of the Proceeds <br /> as Beneficiary or Trustee may require. <br /> 7 . APPOINTMENT OF SUCCESSOR TRUSTEE. Beneficiary may, from time <br /> to time, by a written instrument executed and acknowledged by <br /> Beneficiary, mailed to Trustor and Recorded in the County in which the <br /> Trust Estate is located and by otherwise complying with the provisions <br /> of the applicable law of the State of Nebraska substitute a successor <br /> or successors to the Trustee named herein or acting hereunder. <br /> 8 . SUCCESSORS AND ASSIGNS. This Deed of Trust applies to, <br /> inures to the benefit of and binds all parties hereto, their heirs, <br /> legatees, devisees, personal representatives, successors and assigns. <br /> The term "Beneficiary" shall mean the owner and holder of the Note, <br /> whether or not named as Beneficiary herein. <br />
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