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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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I <br /> 201600134 <br /> Trustor, in the event that the Trustor shall sell the property then the Deed of Trust and <br /> Promissory Note shall become due and payable immediately. <br /> 9. INSPECTIONS. Beneficiary, or its agents, representatives or workmen, are <br /> authorized to enter at any reasonable time upon or in any part of the Trust Estate for the purpose <br /> of inspecting the same and for the purpose of performing any of the acts it is authorized to <br /> perform under the terms of any of the Loan Instruments. <br /> 10. EVENTS OF DEFAULT. Any of the following events shall be deemed an event of <br /> default hereunder: <br /> (a) Trustor shall have failed to make payment of any installment of interest,principal,or <br /> principal and interest or any other sum secured hereby when due; or <br /> (b) There has occurred a breach of or default under any term, covenant, agreement, <br /> condition, provision, representation or warranty contained in any of the Loan Instruments or in <br /> any mortgage or security instrument which is superior to this Deed of Trust upon the Property. <br /> 11. ADDITIONAL EVENTS OF DEFAULT; TRANSFER OF PROPERTY. If all or <br /> any part of the Property or any interest therein is sold or transferred by Trustor's without <br /> Beneficiary's prior written consent, excluding (a) the creation of a lien or encumbrance <br /> subordinate to this Deed of Trust, (b) the creation of a purchase security interest for household <br /> appliances (c) a transfer by devise, descent or by operation of law upon the death of a joint <br /> tenant or(d) the grant of any leasehold interest of three years or less not containing an option to <br /> purchase,Beneficiary's may, at Beneficiary's option,declare all the sums secured by this Deed of <br /> Trust to be immediately due and payable. <br /> 12. ACCELERATION UPON DEFAULT, ADDITIONAL REMEDIES. Should any <br /> event of default occur Beneficiary may declare all indebtedness secured hereby to be due and <br /> payable and the same shall thereupon become due and payable without any presentment, <br /> demand,protest or notice of any kind. Thereafter Beneficiary may: <br /> (i) Either in person or by agent, with or without bringing any action or proceeding, or by <br /> a receiver appointed by a court and without regard to the adequacy of its security,enter upon and <br /> take possession of the Trust Estate, or any part thereof, in its own name or in the name of <br /> Trustee, and do any acts which it deems necessary or desirable to preserve the value, <br /> marketability or rent ability of the Trust Estate, or part thereof or interest therein, increase the <br /> income therefrom or protect the security thereof and, with or without taking possession of the <br /> LAW OFFICE Trust Estate, sue for or otherwise collect the rents,issues and profits thereof,including those past <br /> due and unpaid, and apply the same, less costs and expenses of operation and collection, <br /> BRAD MONCRIEF, <br /> L.L.C. including attorneys' fees to the extent allowed by law, u p on any indebtedness secured hereby,� all <br /> 1239 N.Burlington Ave., <br /> Suite 200 <br /> Hastings,NE 68901 <br /> (402)462-5353 <br /> 4 <br /> r,—,------J <br /> 7 <br />
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