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201600134
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Last modified
5/17/2016 12:56:39 PM
Creation date
1/11/2016 11:29:30 AM
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DEEDS
Inst Number
201600134
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261600134 <br /> • <br /> deteriorate. In no event shall the Trustor commit waste on or to the Trust Estate. <br /> 4. ACTIONS AFFECTING TRUST ESTATE. Trustor shall appear in and contest any <br /> Y <br /> action or proceeding purporting to affect the security hereof or the rights or powers of <br /> Beneficiary or Trustee, and shall pay all costs and expenses, including cost of evidence of title <br /> and attorney's fees to the extent allowed by law, in any such action, or proceeding in which <br /> Beneficiary or Trustee may appear. Should Trustor fail to make any payment or to do any acts <br /> as and in the manner provided in any of the Loan Instruments, Beneficiary and/or Trustee, each <br /> in its own discretion, without obligation so to do and without notice to or demand upon Trustor <br /> and without releasing Trustor from any obligation,may make or do the same in such manner and <br /> to such extent as either may deem necessary to protect the security hereof. Trustor shall, <br /> immediately upon demand there for by Beneficiary, pay all costs and expenses incurred by <br /> Beneficiary in connection with the exercise by Beneficiary of the foregoing rights, including <br /> without limitation costs of evidence of title, court costs, appraisals, surveys and attorney's fees. <br /> Any such costs and expenses not paid within Ten (10) days of written demand shall draw <br /> interest at the default rate provided in the Note. <br /> 5. EMINENT DOMAIN. Should the Trust Estate, or any part thereof or interest therein, <br /> be taken or damaged by reason of any public improvement or condemnation proceeding, or in <br /> any other manner, including deed in lieu of condemnation ("Condemnation"), or should Trustor <br /> receive any notice or other information regarding such proceeding, Trustor shall give prompt <br /> written notice thereof to Beneficiary. Beneficiary shall be entitled to all compensation, awards <br /> and other payments or relief thereof, and shall be entitled at its option to commence, appear in <br /> and prosecute in its own name any action or proceedings. Beneficiary shall also be entitled to <br /> make any compromise or settlement in connection with such taking or damage. All such <br /> compensation, awards, damages, rights of action and proceeds awarded to Trustor (the <br /> "Proceeds") are hereby assigned to Beneficiary and Trustor agrees to execute such further <br /> assignments of the Proceeds as Beneficiary or Trustee may require. <br /> 6. APPOINTMENT OF SUCCESSOR TRUSTEE. Beneficiary may, from time to time, <br /> by a written instrument executed and acknowledged by Beneficiary, mailed to Trustor and <br /> recorded in the County in which the Trust Estate is located, and by otherwise complying with the <br /> provisions of the applicable law of the State of Nebraska, substitute a successor or successors to <br /> the Trustee named herein or acting hereunder. <br /> 7. SUCCESSORS AND ASSIGNS. This Deed of Trust applies to, inures to the benefit <br /> of and binds all parties hereto,their heirs,legatees,devisees,personal representatives, successors <br /> and assigns. The term "Beneficiary" shall mean the owner and holder of the Note, whether or <br /> LAW OFFICE not named as Beneficiary herein. <br /> L.L.C.RAD MONCRIEF, 8. SALE OF SECURED PROPERTY. It is hereby agreed between the Beneficiary and <br /> 1239 N.Burlington Ave., <br /> Suite 200 <br /> Hastings,NE 68901 <br /> (402)462-5353 <br /> 3 <br />
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