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200100989
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Last modified
10/14/2011 12:08:53 AM
Creation date
10/20/2005 7:55:11 PM
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DEEDS
Inst Number
200100989
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200100989 <br />all costs and expenses, including cbst of evidence of title and attorney's fees, in any such action or proceeding in <br />which Beneficiary or Trustee may appear. Should Trustor fail to make any payment or to do any act as and in the <br />manner provided in any of the Loan Instruments, Beneficiary and /or Trustee, each in its own discretion, without <br />obligation so to do and without notice to or demand upon Trustor and without releasing Trustor from any obligation, <br />may make or do the same in such manner and to such extent as either may deem necessary to protect the security <br />hereof. Trustor shall, immediately upon demand therefor by Beneficiary, pay all costs and expenses incurred by <br />Beneficiary in connection with the exercise by Beneficiary of the foregoing rights, including without limitation costs <br />of evidence of title, court costs, appraisals, surveys and attorney's fees. Any such costs and expenses not paid <br />within ten (10) days of written demand shall draw interest at the default rate provided in the Note. <br />5. EMINENT DOMAIN. Should the Trust Estate, or any part thereof or interest therein, be taken or <br />damaged by reason of any public improvement or condemnation proceeding, or in any other manner including deed <br />in lieu of Condemnation ( "Condemnation "), or should Trustor receive any notice or other information regarding <br />such proceeding, Trustor shall give prompt written notice thereof to Beneficiary. Beneficiary shall be entitled to all <br />compensation, awards and other payments or relief therefor, and shall be entitled at its option to commence, appear <br />in and prosecute in its own name any action or proceedings. Beneficiary shall also be entitled to make any <br />compromise or settlement in connection with such taking or damage. All such compensation, awards, damages, right <br />of action and proceeds awarded to Trustor (the "Proceeds ") are hereby assigned to Beneficiary and Trustor agrees to <br />execute such further assignments of the Proceeds as Beneficiary or Trustee may require. <br />6. FUTURE ADVANCES. Upon request of Trustor, Beneficiary, at Beneficiary's option, prior to <br />reconveyance of the Property to Trustor may make future advances to Trustor. Such future advances, with interest <br />thereon, shall be secured by this Deed of Trust when evidenced by promissory notes stating that said notes are <br />secured hereby. <br />7. APPOINTMENT OF SUCCESSOR TRUSTEE. Beneficiary may, from time to time, by a written <br />instrument executed and acknowledged by Beneficiary, mailed to Trustor and Recorded in the County in which the <br />Trust Estate is located and by otherwise complying with the provisions of the applicable law of the State of <br />Nebraska substitute a successor or successors to the Trustee named herein or acting hereunder. <br />8. SUCCESSORS AND ASSIGNS. This Deed of Trust applies to, inures to the benefit of and binds all <br />parties hereto, their heirs, legatees, divorcee, personal representatives, successors and assigns. The term <br />"Beneficiary" shall mean the owner and holder of the Note, whether or not named as Beneficiary herein. <br />9. INSPECTION. Beneficiary or its agent may make reasonable entries upon and inspections of the <br />Property. Beneficiary shall give Trustor notice at the time of or prior to an inspection specifying reasonable cause <br />for the inspection. <br />10. TRUSTOR NOT RELEASED; FORBEARANCE BY BENEFICIARY NOT A WAIVER. Extension <br />of the time for payment or modification of amortization of the sums secured by this Security Instrument granted by <br />Beneficiary to any successor in interest of Trustor shall not operate to release the liability of the original Trustor or <br />Trustor's successors in interest. Beneficiary shall not be required to commence proceedings against any successor in <br />interest or refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security <br />Instrument by reason of any demand made by the original Trustor or Trustor's successors in interest. Any <br />forbearance by Beneficiary in exercising any right or remedy shall not be a waiver of or preclude the exercise of any <br />right or remedy. <br />11. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN TRUSTOR. If all or any <br />part of the Property or any interest in it is sold or transferred (or if a beneficial interest in Trustor is sold or <br />transferred and Trustor is not a natural person) without Beneficiary's prior written consent, Beneficiary may, at its <br />option, require immediate payment in full of all sums secured by this Security Instrument, however, this option shall <br />not be exercised by Beneficiary if exercise is prohibited by federal law as of the date of this Security Instrument. If <br />Beneficiary exercises this option, Beneficiary shall give Trustor notice of acceleration. The notice shall provide a <br />
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