201503102 - Laserfiche WebLink

Browse

201503102 5. Additional Security Instruments:Trustor,at its expense,will execute and deliver to the Beneficiary, promptly upon demand,such security instruments as may be required by Beneficiary,in form and substance satisfactory to Beneficiary,covering any of the Property conveyed by this Deed of Trust which security instruments shall be additional security for Trustor's faithful performance of all of the terms, covenants and conditions of this Deed of Trust, the Promissory Note secured hereby, and any other security instruments executed in connection with this transaction. Such instruments shall be recorded or filed at Trustor's expense. 6. Appointment of Successor Trustee: Beneficiary may,from time to time, by a written instrument executed and acknowledged by Beneficiary, mailed to the Trustor and recorded in the county or counties in which the Property is located and by otherwise complying with the provisions of the applicable laws of the State of Nebraska, substitute a successor or successors to the Trustee named herein or acting hereunder. 7. Inspections:Beneficiary,or his agents,representatives or workmen,are authorized to enter at any reasonable time upon or in any part of the Property for the purpose of inspecting the same and for the purpose of performing any of the acts they are authorized to perform under the terms of this Deed of Trust. 8. Option to Foreclose: Upon the occurrence of any breach and upon the declaration of default hereunder, Beneficiary shall have the option to foreclosure this Deed of Trust in the manner provided by law for the foreclosure of mortgages on real property. 9. Forbearance by Beneficiary or Trustee Not a Waiver Any forbearance by Beneficiary or Trustee in exercising any right or remedy hereunder, or otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy hereunder. Likewise, the waiver by Beneficiary or Trustee of any default of Trustor under this Deed of Trust shall not be deemed to be a waiver of any other or similar defaults subsequently occurring. 10. Trustor Not Released: Extension of the time for payment or modification or amortization of the sums secured by this Deed of Trust granted by Beneficiary to any successor in interest of Trustor shall not operate to release,in any manner,the liability of the original Trustor and Trustor's successor in interest. Beneficiary shall not be required to commence proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums secured by this Deed of Trust by reason of any demand made by the original Trustor and Trustor's successors in interest. 11. Beneficiary's Powers:Without affecting or releasing the liability of the Trustor or any other person liable for the payment of any obligation herein mentioned,and without affecting the lien or charge of this Deed of Trust upon any portion of the Property not then or theretofore released as security for the full amount of all unpaid obligations, Beneficiary may,from time to time 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 of the terms of any such obligations; (iii)grant other indulgences; (iv)release or reconvey, or cause to be released or reconveyed at any time at Beneficiary's option any parcel, portion or all of the Property; (v)take or release any other or additional security for any obligation herein mentioned; (vi)make compositions or other arrangements with debtors in relation thereto.All Trustor shall be jointly and severally obligated and bound by the actions of the Beneficiary or any Trustor as herein stated. 6 ' l