|
2� 1 ����38
<br /> DEEQ �F T�UST
<br /> ���r�t�nu�d� Page s
<br /> reparts, and appraisal �ees, t�tle insuran�e, and fees for�the Trustee, to the extenfi permit�ed by applicahle �av+r.
<br /> Trus�or also wil�pay any cvurk cvsts, in addEtion�o al�vther sums pravided by law.
<br /> R'rgh�s of Trustee. Truste�shall ha�e ali of�he rights and duties af Lender as set forth in�his sectivn.
<br /> PaWE�S AND �]BLIGATI�NS OF TRUSTEE. The following pro�isians relating�o�he pawers and❑bligativns vf Trustee
<br /> are par�of this�eed af Trus�:
<br /> Pvwers of Trustee. [n addition to all powers of Trustee arising as a matter o�law, Trus��e shall ha���he powe�fio
<br /> �ake fihe�Fallowing actions with respe���a the Proper�y upon the wri�ten requ�s�o�f Lender and Trustor: �a}join in
<br /> preparing and filEng a map o�- plat a#�#he Real Property, includ�ng th� dedica�i�n af sfreets or o�he�-rights ta �he
<br /> publi�; �b}join in gran��ng any easement or cr�ating any res�riction �n the Real Property; and {c} join in any
<br /> subordination or other agreement afif�cting this Deed of Trust or the interes�a�f Lender under this Deed afi T�ust.
<br /> T�ustee. T�ust�e shall meet all qualifications requir�d �o�Trustee under applicable law. In addit�on �a�he rights
<br /> and remed�es set for�h abo�e, wifih respe�t t� a[I or any part af fihe ProQerty, the Trustee sha�� ha�e the righ�t�
<br /> forec[ose by na�ice and sale, and Lender shafl have �he right�o foreclose by judicial forecl�sure, in either case in
<br /> aGcardance wi#h and�o the�u[l extent pro�ided by a�plicable law.
<br /> Succsssar Trustee. Lender, at Lender's optian, may from time to fime appoint a successar Trustee to any Trustee
<br /> appo�nted unde�this Dee� of Trust by an instrument executed and acknowledged by Lender and recorded in the
<br /> office �f the recarder vf Hall Coun�y, State af Nebraska. The Ens�rumen� sha[[ contain, in addition �v all vther
<br /> matters required by state law, �he names of the �riginal Lender, Trustee, and T�-ust�r, the i�oak and page �or
<br /> cvmputer system referen�e} wher� this Deed af Trusfi is recorded, and the name and address o�the successor
<br /> trustee,and#he instrum�nt shaf[be execu�ed and acknawledged by all�he beneficia�ries under fihis ❑eed�f Trust or
<br /> their successors in interes�. The successv�trustee, wi�hvut con�eyan�e of the Proper�y, shall su�ceed ta a[I the
<br /> title, pawer,and dut�es canferred upan fih�Trustee in this Deed v�Trus�and by applicable law. This prv�edure for
<br /> subs�itution vf Trustee sha[[gov�rn to the exclusion of all athe�pr�Wisions for substitution.
<br /> NDTlCES. Any notice required �a be gi�en under this Deed afi Trust, includ'rng wi�hout limita�ion any noti�e of default
<br /> and any natice of sa[e sha[[ be given in writing, and shal[ be effe�ti�e when actual�y deli�ered, when actually recei�ed
<br /> by telefacsimile�un[ess�therwise r�quired�ay law},when deposi�ed w��h a nafiiona��y racogni�ed a�ernigh�courier, ar, if
<br /> mailed,when deposited sn the Vnited State�mail, as first class, cerki�ied ar regis�ered mail postage prepaid,directed ta
<br /> �h�addresses shown near the beginnin� at this Deed v�T�ust. A[[ capies�f notices��foreG[osure�ram the holder of
<br /> any lien which has pri�rity o�er this ❑eed v�Trust shall be sen�to Lender's address, as shawn near the beginning of
<br /> �his ❑eed �f Trus�. Any par�y may chang� its address fvr notices under this Deed af Trust by gi�ing �armai writ�en
<br /> n�ti�e fia the vfher parties, specifying that the pu�pvse �f #he noti�e is �a change the party's address. For no�ice
<br /> purpvses, Trustar agrees to keep Lender in�ormed a�ali times af Trus�or's current address. Unless othenrvise provided
<br /> ar rer�uired by law, if there is mare than one Trus�or,any nvti�e�i�en by Lender ta any Trust�r�s deemed to be no�ice
<br /> gi�en to all Trustors.
<br /> ELECTRDNIC CDPIES. Lender may copy, eiec�ronically or otherwise, and thereafter destroy, the originals o� �his
<br /> Ag�-eement andlor Related D�cuments in the regular �ourse of Lender's business. All such copies produced from an
<br /> elec�ronic farm ar by any other reliable means �i.e., photagraphic image Qr fia�simile}shall in a[I respec�s be cansiderecl
<br /> equi�a[ent tfl an vrigina[,and BorrQwer he�eby v�raives any rights or obJections ta the use of such copies.
<br /> 11Al5CELLANE�US P��VISIflNS. The fallvwing miscellaneous pro��sions are a par�of#his Deed of Tru��:
<br /> Amendments. This De�d a�Trus�,fiogether w�fh any Re�ated Dacumen�s, �anstitu�e�the en�ire understanding and
<br /> agreement of the par�ies as ta�he matters set�a�th in�hrs Deed of Trust. N❑ a[�eration o�❑r amendment tv this
<br /> Deed of Trust shall be eff�cfiive unless�i�en �n writing and signed by the party❑r parties sought fo be charged Qr
<br /> baund by the aiferation❑r amendment,
<br /> Annual Reports. If the Prope�ky is used for purposes other than Trustor's r�sidence, Trus�or shall furnish ta
<br /> Lender, upan request, a �er�ified s�atement a�ne# aperating income re�ei�ed from �he Property during Trus�or's
<br /> pre�ious fiscal year in such f�rm and de�ail as Lender shall require. "Net opera�ing in�ome" shall mean a[I cash
<br /> r�ceipts from the Praperty[ess a�l�ash expenditures made in connection with the operatian o�the Praperty.
<br /> Gapt'rvn Headings. �aption headings in this ❑�ed af Trust are far con�enience purposes �nly and are not to be
<br /> used to interpret vr def ne�he provisions of fhis Deed of Trust.
<br /> �lerger. T�ere sha�l be no merger o�the inferest or estate created by fhis De�d a�Trust w3�h any ath�r in�e�esf or
<br /> estate in�he Property af any time held by or for the benefifi of Lender in any capacity, withauic the written consent
<br /> of Lender.
<br /> Go�erning Law. Yhis ❑eed of Trust will he gv�erned by f�deral law applicahle ta Lender and, ta the extent no�
<br /> preempted by�Federal law,the laws vf the State o�lVebraska without r�gard�o its conflicts of��w prarr�si�ns. This
<br /> fleed af Trus�has been acGep�ed by Lender in the 5�at�o�r Nehraska.
<br /> Choice of Venue. �f�here is a lawsuit, Trustor agrees upon Lender's requ�st ta suhm���a the�urisdiGtian af the
<br /> cour�s of Hall Cvunty, State af Nebraska.
<br /> Joint �nd Se�era[ Liability. A�� obligations of Trusfar under th�s Deed a�F Trust shall b�j�int and se�era[, and al[
<br /> references to Trustor shal[ mean ea�h and every Trustor. Th�s means �ha� each Trustor signing befow is
<br /> responsible fror all vbliga#ions in this Deed o�f Trust.
<br /> Na l�aiver hy Lender. Lende�sha�� not be deemed�to ha�e vuai�ed any righ�s under#his Deed of Trust un[ess suGh
<br /> wai�er is given in writing and signed by Lender. No delay❑r omission on the part of Lender in exercis�ng any right
<br /> shall vperate as a wai�er af such right vr any v�her righ�. A wai�er by Lender o�f a pro�ision af this Deed a�F Trusf
<br /> shall not pre�udice o� cansti�ute a waiu�r of Lender`s righ� otherwise to demand stric� c�mpltance with that
<br /> pra�isivn vr any o�her pro�ision af this Deed �f Trus�. Nv p��or wai�er by Lender, nor any cou�-se o� dealing
<br /> between Lender and Trus�or�, shall constitute a wai�er of any af Lender's rights ar of any�f Trustar's obligations
<br /> as tfl any future�ransactinns. INhene�er the �onsent af Lender is required under this Deed of Trus�, the granting
<br /> of such �vnsen�by Lender in any instance sha11 nvt�onstitu'�e �ontinuing �onsent to subsequent instances where
<br /> such consen#is required and in all�ases such consent may be granted vr wi�hheld in the sole disc�eti�n of Lender.
<br /> S��erabi[i�y. �f a cvurt vf�ompetent jurisdiction finds any pro�isivn of fhis ❑eed af Trus#to be illega[, in�alid, or
<br /> unenfvrceable as�o any person or�ir�umstance,fihat finding shall nvt rnake�he offending pro�ision illega�, in�alid,
<br /> or unenforceah�e as ta any o�her person ar circumstance. ��feasi�le, fhe of�ending pro�isian shall be considered
<br /> mvdifed so�ha�it becvmes legal, �alid and enforceab[e. If the offending pro�ision Ganno�be sa modified, i�sha��
<br /> he considered de�eted �ram �his Deed of Trust. Un[ess ��hen►vise required hy law, �he iIlegaEity, in�a�idity, or
<br /> unenforceahili�y vf any pro�isfan of this ❑eed of Trust shall not a�fect the Iega�ity, �alidity or enfvrceabiiity of any
<br /> o�her pra�ision of i�his Deed vf Trust.
<br /> 5uccessors and Assigns. Subject�o any limitations stated in this Deed �f Trust�n�ransfer af Trustvr's interest,
<br /> �his Deed of Trust shal[ he bindin� upvn and inure�o �he benefit o�the partEes, their success�rs and assi�ns. lf
<br /> ❑wnership af the Prape►ty be�omes�ested in a person o�her#han Trustor, Lender, withaut notice ta Trus�vr, may
<br /> deal wifih Trus�ar's successors wi-th reference ta this❑e�d of Trust and�he Indebtedness by way vf�arbearance or
<br /> extensian withou�releasing Trustar�rvm the abligafiians of'this❑eed of Trust or liabilifiy under the Indebtedness.
<br />
|