|
��1 5��44�
<br /> C�EED �F TRUST
<br /> L�an Nv� 'I�"f 2893'I� �Continu�d� Page �
<br /> appv�nted by a �ourt and withaut regard�a the adequacy of its s�curity, enter upon and take possession
<br /> af the Property, or any part�hereof, in i�s own name ar in�he nam�of Trustee, and da any acts which it
<br /> deems ne��ssary or desirabl�t❑ preser�re�he �alue, ma�ketability vr rentabili�y of the Property, or part vf
<br /> the Property or in�er�st in the Property; increase the incame from �he Prop�rty or prntec��he security of
<br /> the Prap�rty; and, vuith vr without taking possession of the Prvp�rty� SLIC far or ��herw�se �a[Eec� the
<br /> rents, issues and prafits af the Proper�y, includin� those pas�due and unpaid, and apply the same, less
<br /> cvsts and expenses��operatian and collec�ivn aftorne�s' �fees,t❑ any indebtedness secured by this Deed
<br /> , of Trust, all in such order as Lende� may d�terrnine. The entering upon and taking possession af the
<br /> Proper�t}r, the c��Iectian ❑f such rents, issues and pr�fit�, an� �th� appliGa�ivn thereaf shalf nvt cure vr
<br /> waive any default or natice af de�ault under�his Deed ❑fi Trust or inva�idate any ac�dvne in resp�nse to
<br /> such default�r pursuant to su�h notice o�default; and, nvtwithstanding the cantinuan�e in possession af
<br /> the Property ar the �o[lec�tion, re�eipt and appli�at�vn o� ren�s, issues or pro�Fits, Trustee or Lend�r shall
<br /> be entitled �o ex��cise every right pra�ided �For in the Nate ar the Reiated D�cuments or by law upan the
<br /> occurrence vf any even�a�defaul#, including the right to exer�ise�he pawer of sale;
<br /> {b} Commence an action tv fareclose this Qeed of Trust as a mortgage, appvint a recei�er or specifically
<br /> en�orce any ofi the co�enan�s hereof; and
<br /> �c� Deli��r to Trustee a writt�n de�laration❑f default and demand for sal�and a written notice of defau[t
<br /> and election t❑ cause Trustor's inter�st in the Praperty to be sold, which natice Trustee shall cause�o �e
<br /> duly fiiled far record in th� appropriat�vffices of the Coun�y in v►rhich the Prvperty is lacated; and
<br /> �d� 1Nith respect�o all❑r any part of the Personal Praperty, Lender shail ha�e al�the ri�hts and r�medies
<br /> of a secured party under the Nebrasl�a�ni�Form Camm�rcial Cade,
<br /> �oreclosure by Power of Sale. if L�nder e[ects�o fore�lvse by exercise vf�he Pawer��Sale h�rein cantained,
<br /> Lender shall notify Trustee and shall deposit wi�h Trustee this �eed of Trust and the Nate and such receipts
<br /> and �viden�e of expenditur�s made and secured by this ❑eed o�Trust as Trust��rnay requEre.
<br /> {a) �p�n receipt ❑f such notice fram Lender, Trustee shall cause ta be r�corded, published and deli�sr�d
<br /> t�Trustor su�h Notice of Default and N�tice a�F Sale as�hen required by lav�r and by this Deed of Trust.
<br /> Trustee sha11� withvut demand on Trustor, after such time as may then b� required by law and after
<br /> recordation of such IVotice�f Defauifi and after Nfl�ice of 5a1e having be�n gi�en as required by law, sell
<br /> th� Pr�perty at the t�me and place of sale fi�ed by it in such No�ice af 5a�e, eith�r as a whole, or in
<br /> separate lots t�r parcels or items as Trustee shall deem�xpedient, and in such order as��may deCermine,
<br /> at public auction �o the highest bidder far cash in lawful money af the United 5tatas payable at�the time
<br /> of sale. Trustee shall d�li�er to su�h pur�has�r or purchasers thereof its gvod and sufficient deed vr
<br /> deeds convey�ng th� proper�y so s�ld, but without any cv��nan� or warranty, express or implied. The
<br /> r��itals in such deed ❑f any mat�ers or facts shall �e conclusiv� proaf��the truthfulness �h�revf. Any
<br /> pers�n, inc[uding withaut limitation Trustor,Trustee,o� Lender, may purchase at such sale.
<br /> �b� As may k�� permitted by law, after deducting a[I costs, �ees and expenses af Trustee and of fhis
<br /> Trust, includEng costs Qf��idence vf titie in connection with saie�Trustee shal{apply the proc�eds of sale
<br /> to payment of �if all sums ex�ended under�he terms of�his Deed of T�'ust�r under the terms of the iVvte
<br /> not then repaid, including but nat limited �o accrued interest and late charges, {ii7 all a�her sums then
<br /> s�cured hereby, and �iiz}�he r�maind�r, if any,to the person or persons I�gally enfitled thereto.
<br /> tc� Trustee may in the manner pro�ided by law pos�pone sale af all or any porti�n�f the Property,
<br /> Remedies Nat Exclusir►e. Trustee and Lender, and each af th�m, sha�l be �n�itled ta enforce payment and
<br /> performance of any inde�t�dn�ss ar obligations secured by this Q2ed of Trust and tv exercise al� righ�s and powers
<br /> under this Deed of Trust, under the Nat�, und�r any af th� Related ❑acum�nts, ❑� under any other agreement ar
<br /> any laws now vr h�reafter in forc�; natv►rithstanding, s�m� or aff af su�h indebtedness and obligations se�ured by
<br /> �his a�ed of Trust rnay naw or hereaf�er be oth�rwis� secured, whether by mortgage, deed of trus�, pledge, lien,
<br /> assignrnent or o�her►nr�se. Neither the acceptan�e of this De�d a# Trust nor its enforcement, whether by �aurt
<br /> action or pursuant to the power of sale or other powers contained in th�s ❑eed af Trust, shail prejudi�e or in any
<br /> rnanner affe�t Trus�ee's vr Lender's right tv reali�e upon ar enforc� any other s�curity now or hereafter held by
<br /> Trustee or Lender, it being agreed that Trus�ee and Lender�and �ach of them,sha�i be�n�itled t❑enforce thEs Deed
<br /> af Trust and any other security now or hereafter hald by Lender or Trustee in such Qrder and mann�r as they or
<br /> either vf �hem rnay in �heir absolute discretian determine. No remedy conferred upon or res�r�ed to Trustee �r
<br /> Lender, is intended to be exclusiWe Qf any other remedy in this Deed o�Trust ar by law pro�ided or permitted, but
<br /> each shall be cumulati�e and shail be in additi�n to �ve�'y oth�r remedy giWen in this Deed vf Trust ar nvw vr
<br /> hereafter existing at law or in equity or by statute. E�ery pawer ar remedy given by the Nv�e ar any�f the Related
<br /> ❑acumen�s to Trustee or Lender or to which either ❑f them may be otherwise entitled, may be exercised,
<br /> concurrently❑r ind�pendently. from time to tim� and as of�en as may be deemed expedient by Trustee�r Lender,
<br /> and �ither of them may pursue inconsistent remsdies. IVothing �n this ❑eed of Trust shail be cons�rued as
<br /> prahibiting Lender�rom seeking a deficiency judgrnent against the Trustor to the extent such aGtion is p�rmitted by
<br /> law.
<br /> E1e�tion of Reme�ies. Af! vf L�nder`s rights and remedies vuill be cumulatiWe and may be exer�ised alone or
<br /> together. lf Lender decid�s t❑ spend man�y or t� perfvrm any �f Trustor's obligatians under this ❑eed of Trus�,
<br />
|