201505101 - Laserfiche WebLink

Browse

��15�51U1 - C]EED �F TRUST Lvan No: �o��7��o �Continued� Pag� 7 vccurrence of any event❑f default, including�the right tv exercise the pawer vf sale; ��} Commen�e an acti�n to f�reclose this Deed of Trust as a ma�tgage, appvin�a recei�er or speci�ica�Ey , enfvrce any❑f the co�enants herev�; and • �c} Deli�er�o Trustee a wri��en declara�ivn of de�ault and demand fvr sale and a written nofiice ❑f de�auEt and electivn�❑cause Trustor's interesfi in the Proper�y t❑ be s��d,which notEce Trustee shall cause�❑be duly�iled#ar record in the apprapria�e❑ffices af�he �ounty in which�he Property is lo�a�ed; and �d� 1111ifih respect t❑ a[l❑r any part of the Persona! Proper�y, Lender sha11 ha�e a[f�he righfis and remedies vf a secured party under the Nebraska Unifarm Commercial �ade. Foreclasure by Power af 5a1e. If Lender elects t❑fareclose hy exercise o��he Power af 5ale herein contained, Lender shal� nnti�y Trustee and shall deposit w�th Trustee fhis Deed ofi Trus� and the Note and such t-eceipts and e�id�n�e❑�expend�tures made and secured by this ❑eed of Trust as Trus'�ee may require. �a} Upon receipt o�such no�ice�rom Lender,Trus�tee shall cause ta be recarded, puhlished and deli�ered to Trus�or such No�ice of Default and No�i�e of Saie as�then �equired by law and by this Deed ❑fi Trus�C. Trustee sha11, without demand �n Trustor, after such tirne as may �hen be required by lavw and after recordatian ❑f such Notice of De�ault and att�T Na�ic� ofi Sale having been given as required by law, sell the Proper�y afi the �ime and place af sale fixed by it in such Natice ❑f Sale, either as a whole, or in separa�e lots ar parcels ❑r items as Trustee shall deem expedient, and in such arde�-as it may de�ermine, a�public auctian�a the highest bidder�or cash in �awful money of the United States payab�e at the time of sale. T�usfiee shall deli�er to su�h purchaser ❑r pur�hasers therevf ifis good and sufficient deed or deeds con�ey�ng the property s❑ sold, but wi�thou� any �a�enant❑r warranty, express vr imp{ied. The re�ita[s in such deed a� any ma�t�rs or facts shall b� conclusi�e praaf❑f the truth�u�ness thereof. Any person� inc�uding w�thaut limitation Trustor,Trustee.�r Lender,may purchase a�such sale. [h7 As may be permitted �y 1aw, after deduc�ing alE �osts, fees and expenses vf Truste� and of this Trust, including �osfis❑f evidence❑f titEe in cannec�ion with sale,Trustee shall apply the proceeds ofi sale �a payrnent ot �i} ail sums expended under the terms ❑f fihis �eed ❑f Trust❑r unde�-the terms ofi-the N�te no�then repaid, inciuding but nat limit�d�o accrued interes� and [a�e charges, �ii} all a�her sums fh�n secured hereby, and �iii}the remainder, i�any, to�he persvn❑r persons legally enti�led fihereta. '4c� Trus�ee may in the manner prv�ided by law pos�pone sa�e of al[or any por�ion a�F the Property. Remedies Na� Exclusive. Trustee and Lender, and each o� them, shall be entitled to en�vrce paym�nt and performance❑f any indebtedness ar❑bligations se�ured by this Deed o'�Trust and�v exer�ise all rights and pvwers under th�s.❑eed ❑fi Trust, undEr the Nate, under any ❑f the ftelated D��uments, vr under any❑ther agreemen� or any laws naw or hereafter in farce; no�withstanding, svme ❑r all of such indebfiedness and ❑bligafi�ons secured by this Deed of Trust may naw vr herea-fter be v'�herwise secured, whe�her by mnrtgage, deed �f�rus�, pledge, lien, assignment or atherwise. Neifiher �he ac��ptance ofi this Deed of Trust nvr i�s enforcement, whether by court a�tion or pursuant�❑ the pvwer of sa[e ar other pawers contained in this Deed af Trust, shall pre�udice ar in any . manner af�ect Trus�ee's ❑r Lender's right t� r�a�ize upon or enforce any ❑ther security now ar hereafter heid hy Trus�ee or Lender, i�being agreed that Trus�ee and Lender, and each o�them,shall be entitled ta enfar�e this Deed ❑f Trus� and any ❑ther security now ❑r hereafter held by Lender ❑r T�usfiee in such arder and manner as they ❑r ei�her af them may in their ahsolute discretivn de�ermine. No remedy can�ferred upvn or reser�ed to Trustee ar Lender, is in�ended�o be ex�lusi�e❑f any ather remedy in this Deed af Trust ar by law provEded o�-permitted, but each shafE �e cumulative and shall be in addi�ion to eWery a�her remedy given in this ❑eed of Trust ❑r now ar hersafter exis�ing at law or in equity or by statu��. Every pov�rer ar rernedy g�ven by the IVote ar any a�the Reiated ❑acumen�s to Trus�ee ar Lender or �v which either �f �hem may 1ae ❑therwise entit�ed, may �e exercis�d, cancurrently ar independently, �r�m time to time and as a�F-ken as may be deemed expedient by Trustee or Lender, and either vf �hem rnay pursue inconsistent remedies. Nvthing in this ❑eed ❑f Trust shall be c�nstrued as prahibi�ing Lender firom seeking a deficiency judgment against the Trustor�a the extent such action �s p�rmitted hy law. Election by Lender t❑ pursue any �-emedy shall not ex�lude pursuit �f any v�her remedy, and an e�ection ta make expenditures ar to take a�tivn fia perform an vbligation of Trus#or under this Deed o�Trust, after Trustor's �ailure to perfvrm,shal!na�affect Lender's righfi�t❑declare a default and exe�-c�se its r�medies. Request for No�ice. Trus�or,on behalf❑�F Trustnr and Lender, her�by requests tha�a c�py of any Natice❑f❑e�ault and a copy v�any No�ice af 5ale under this Deed a�f Trust be mailed�o them at the addresses se�farth in the�irst paragraph of this Deed ❑f Trus�. Attorneys' Fees; Expenses. I� Lender institutes any suit �r a��ion ta enfvrce any a�f the terrns ofi this Deed o� Trust, Lender shall be entitled ta rec��er such sum as the court may adjudge reasanabie as attvrneys' fees at trial and upon any appeal. Whether or nat any cvur� a��ion is invol�ed, and t❑ the extent nat prohibited by Eaw, all reasvnable expenses Lender incurs �hat in Lender's apinian are necessary at any tim� �ar �he prvtect�on af its in�erest or�he en�orcement o�its righ�s shaE�become a part of the Indebfiedness payable on demand and shall bear in�er�s�a��he No�e ra�e from th�dafie v�the expenditure until repa�d. Expenses cv�ered by this paragraph include, withaut limt�afiion, howe�er su�ject t� any �imits under applicable �aw, Lender's at�orneys' fees and Lender's legal expenses, whether or not there 15 a �awsuit, including at�vrneys' fees and expenses for bankrup�cy praceedings (including efforts to m�dify❑�-�acate any automatic s�ay❑r injunction}, appeals, and any anticipated past judgment collec�ion ser��ces,the cast a�searching records, ❑b�aining ti�le reports fincluding fvreclasure repvrtsy, sur�eyars'