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5. TRANSFER OF THE PROPERTY;ASSUMPTION. If all or any part of the property or interest therein is sold, transferred or <br /> � otherwise conveyed by Trustor without Beneficiary's prior written consent, excluding (a) the creation of a lien or encumbrance <br /> • subordinate to this Deed of Trust, (b)the creation of a purchase money security interest for household appliances, (c) a transfer by <br /> •• devise,descent or by operation of law upon the death of a joint tenant or(d)the grant of any leasehold interest of three years or less <br /> not containing an option to purchase,such action is a breach of this agreement,and Beneficiary may,at Beneficiary's option,declare <br /> all the sums secured by this Deed of Trust to be immediately due and payable, or cause the trustee to file a notice of default. ZV <br /> Beneficiary shall have waived such option to accelerate if, prior to the sale, transfer of conveyance, Beneficiary and the person to O <br /> whom the property is to be sold or transferred reach agreement in writing that the credit of such person is satisfactory to Beneficiary Q <br /> and that the interest payable on the sums secured by this Deed of Trust shall be at such rate as Beneficiary shall request. � <br /> • 6. ACCELERATION UPON DEFAULT; REMEDIES; SALE.The failure by the Trustor to make any payment or to perform any of � <br /> the terms and conditions of the Note,or any renewals,modifications or extensions thereof,or the payment of any other indebtedness 0 <br /> secured hereby or in the performance of any of the covenants or agreements hereunder shall be a breach of this agreement and the � <br /> Beneficiary may declare a default and may declare all sums secured hereby immediately due and payable and the same shall 0 <br /> thereupon become due and payable without presentment,demand, protest or notice of any kind.Thereafter, Beneficiary may deliver W <br /> to Trustee a written declaration of default and demand for sale. Trustor agrees and hereby grants that the Trustee shall have the <br /> power of sale of the Property and if Beneficiary decides the Property is to be sold it shall deposit with Trustee this Deed of Trust and <br /> the Note or notes and any other documents evidencing expenditures secured hereby, and shall deliver to Trustee a written notice of <br /> default and election to cause the Property to be sold, and Trustee, in turn,shall prepare a similar notice in the form required by law, <br /> which shall be duly filed for record by Trustee. <br /> (a) After the lapse of such time as may be required by law following the recordation of Notice of Default,and Notice of Default <br /> and Notice of Sale having been given as required by law,Trustee,without demand on Trustor,shall sell the Property in one <br /> or more parcels and in such order as Trustor may determine on the date and the time and p!ace designated in said Notice <br /> of Sale, at public auction to the highest bidder,the purchase price payable in cash in lawful money of the United States at <br /> the time of sale.The person conducting the sale may,for any cause he or she deems expedient, postpone the sale from <br /> time to time until it shall be completed and, in every such case, notice of postponement shall be given by public declaration <br /> thereof by such person at the time and place last appointed for the sale;provided, if the sale is postponed for longer than <br /> one (1) day beyond the day designated in the Notice of Sale, notice thereof shall be given in the same manner as the <br /> original Notice of Sale. Trustee shall execute and deliver to the purchaser its Deed conveying the Property so sold, but <br /> without any covenant or warranty,express,or implied.The recitals in the Deed of any manners or facts shall be conclusive <br /> proof of the truthfulness thereof.Any person,including without limitation Beneficiary or Trustee, may purchase at the sale. <br /> (b) When Trustee sells pursuant to the powers herein, Trustee shall apply the proceeds of the sale to payment of the costs <br /> and expenses of exercising the power of sale and of the sale, including, without limitation,the payment of Trustee's Fees <br /> incurred, which Trustee's Fees shall not in the aggregate exceed the foliowing amounts based upon the amount secured <br /> hereby and remaining unpaid:5 percentum on the balance thereof;and then to the items in subparagraph (c)in the order <br /> there stated. <br /> (c) After paying the items specified in subparagraph (b), if the sale is by Trustee, or the proper court and other costs of <br /> foreclosure and sale if the sale is pursuant to judicial foreclosure,the proceeds of sale shall be applied in the order stated <br /> below to the payment of: <br /> (1)Attorneys fees and costs of collection; <br /> (2)Cost of any evidence of title procured in connection with such sale and of any revenue required to be paid; <br /> (3)All obligations secured by this Trust deed; <br /> (4)The remainder,if any,to the person legally entitled thereto. <br /> 7. ADDITIONAL SECURITY INSTRUMENTS.Trustor, at its expense,will execute and deliver to the Beneficiary, promptly upon <br /> demand, such securiry instruments as may be required by Beneficiary, in !orm and substance satisfactory to Beneficiary, covering <br /> any of the Property conveyed by this Deed of Trust, which security instruments shall be additional security for Trustor's faithful <br /> performance of all the terms, covenants and conditions of this Deed of Trust, the promissory notes secured hereby, and any other <br /> security instruments executed in connection with this transaction.Such instruments shall be recorded or filed at Trustor's expense. <br /> 8. APPOINTMENT OF SUCCESSOR TRUSTEE. Beneficiary may, from time to time, by a written instrument executed and <br /> acknowledged by Beneficiary, mailed to Trustor and recorded in the county or counties in which the Property is located and by <br /> otherwise complying with the provisions of the applicable laws of the State of Nebraska substitute a successor or successors to the <br /> Trustee named herein or acting hereunder. <br /> 9. INSPECTIONS. Beneficiary, or its agents, representatives or workmen, are authorized to enter at any reasonable time upon <br /> or in any part of the Property for the purpose of inspecting the same and for the purpose of performing any of the acts it is authorized <br /> to perform under the terms of the Deed of Trust. <br /> 10. OPTION TO FORECLOSE. Upon the occurrence of any breach and upon the declaration of default hereunder, Beneficiary <br /> shall have the option to foreclose this Deed of Trust in the manner provided by law for the foreclosure of mortgages on real property. <br /> 11. FOREBEARANCE BY BENEFICIARY OR TRUSTEE NOT A WAIVER. Any forebearance by Beneficiary or Trustee in <br /> exercising any right or remedy hereunder, or otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise <br /> of any such right or remedy hereunder. Likewise, the waiver by Beneficiary or Trustee of any default of Trustor under this Deed of <br /> Trust shall not be deemed to be a waiver of any other or similar defaults subsequently occurring. <br /> 12. TRUSTOR NOT RELEASED. Extension of the time for payment or modification or amortization of the sums secured by this <br /> Deed of Trust granted by Beneficiary to any successor in ir�terest.ofTrustor shaA�ot op,erate to release,in any manner,the liability of <br /> the original Trustor and Trustor's successor in interes�^ B.en�ficisry shali�not be required to commence proceedings against such <br /> successor or refuse to extend time for payment or otherwise modify amorti�ation of the sums secured by this Deed of Trust by <br /> reason of any demand made by the original Trustor and Trustor's successors in interest. <br /> 13. BENEFICIARY'S POWERS. Without affecting or releasing the liability of the Trustor or any other person liable for the <br /> payment of any obligation herein mentioned, and without affecting the lien or charge of this Deed of Trust upon any portion of the <br /> Property not then or theretofore released as security for the full amount of all unpaid obligations, Beneficiary may,from time to time <br /> and without notice at the request of one or more Trustors(i)release any person so liable, (ii)extend or renew the maturity or alter any <br /> of the terms of any such obligations, (iii)grant other indulgences, (iv)release or reconvey,or cause to be released or reconveyed at <br /> any time at Beneficiary's options any parcel, portion or all of the Property, (v)take or release any other or additional security for any <br /> obligation herein mentioned, (vi) make compositions or other arrangements with debtors in relation thereto. All Trustors shall be <br /> jointly and severally obligated and bound by the actions of the Beneficiary or any trustor as herein stated. <br /> 14. ATTORNEY FEES,COSTS AND EXPENSES. If the Beneficiary of this Deed of Trust is a bank as defined by Nebraska law, <br /> any statement contained in any other section of this deed notwithstanding,the Beneficiary shall not be entitled to receive or take and <br /> debtor shall not be obligated to pay or give; any confession of judgment, power of attorney to confess judgment,power of attorney to <br /> appear for a borrower in a judicial proceeding or agreement to pay the costs of collection or the attorneys'fees, unless the interest <br /> payable by the terms of the Note referred to in this deed is 16%per annum or less,or the note referred to in this deed is repayable in <br /> two or more equal or unequal installments and over a period of more than one hundred forty-five (145)months. Provided, however, <br /> that this section does not apply to the trustee fee referred to in Paragraph 6.6(b). Provided further that this Paragraph B.14 shall not ; <br /> apply to this Deed of Trust,if the Beneficiary herein is not a bank. <br /> ORIGINAL(1)� <br /> e,.�e-..o�„ ..„e.,_,..__,._ f� e..es.....�s....s..... ,�„-,�.,..,,. <br />