|
2� 1 ���718
<br /> aEEC� [�F T'RU�`T
<br /> Loan 1V�: 'I D 7���5�� 4�or�t�nu�d� Page 7
<br /> c�f the Praperty, �r any part thereaf, in its own nam� �r in the name o�Trustee, and do any acts which it
<br /> de�ms necessary or d�sirable to p�eser�e the value, marketability or r�ntability af th� Proper�y, or par�af
<br /> the Pr�per�y vr interest in the Property; increase the incom� from �he Property or pro�e��k the security of
<br /> the Property; and, with or without tal�ing passessi�n of the Praperty, sue �Far ar otherwise coliect the
<br /> rents, issues and prafits af the Property, including �nose past dus and unpa�d, an� app[y �he same, less
<br /> costs and expenses a�op�ra�ion and callecti�n a�fio�-neys' f��s, t� any indebtedness secured by�his Deed
<br /> af Trust, a�l in such arder as Lender may det�rmine, The entering upon and ta�cin� possessian of th�
<br /> Property, �he collection of such rents, �ssues and pro�its, and the appfica�ion thereof shall no� cure or
<br /> waive any default vr not�ce of de�ault under�his Deed af Trus�or in�aiida�e any act done in resp�nse to
<br /> such de�au[t ar pursuant�a such nati�s of de�ault; and, notwi�hstanding the cont�nuance in possession of
<br /> the Prop�rty or the collec��on, receipt and application af ren�s, issues or profits, Truste� or Lender shall
<br /> be en�itled ta exercise ��ery righ� pr��ided for in �khe Note or�khe Relat�d Documents or by law upon the
<br /> Q�currence of any ev�nt o�d��ault, including the right�a exercise�he power�f sale;
<br /> �b� Commence an a�tion to �orecIose�his Deed �f Trus� as a mortgage, appo�nt a recei�er�r specifically
<br /> enforce any af the �ovenan�s hereof; and
<br /> {c} ❑e�i�e�to Trust�e a v►rri�ten declaration o�F defaul�and demand for sale and a wri��en natice �f defauft
<br /> and electian tfl cause Trustor's in�erest in the Praper�y to b� soid, which no�ice Trustee shall cause ta �e
<br /> duly�Fi�ed f�r recvrd in�he apprapriate�ffices af the County in whi�h the P�-oper�y is �Q�ated; and
<br /> {dy 1!Ilith respect fo a{I ar�ny part of the Personal Property, Lender shali have all the rights and remedies
<br /> of a secured party under the Nebraska Uniforrn Commercial Code.
<br /> Fore�losure by Pawer of Sa�e. If Lender elects to�orec�ose by exercise of th� Povuar�f Sale herein cantained,
<br /> Lender sha�l noti�y Trus�ee and shall deposi� wi�h Trus�ee this Deed afi Trust and the Note and such receipts
<br /> and evidence❑f expendi�ures made and se�ured by this Deed �f Trus�as Trustes may require.
<br /> �a} Upon r�c�ip�t of such no�i�e from Len�er, Trus�ee shall �ause�o be rec�rded, published and deii�ered
<br /> to Trus�or such Notice �f De�ault and Notice af Sale as then required by law and �y�his aeed vf Trus�.
<br /> Trustee shall, wi�hout demand �n Trustor, a�ter such time as may then be re�uired by �aw and after
<br /> r�cordation of such N��ice of Defau�t and after hla�ice af Sale ha�ing b�en giWen as required by law, sell
<br /> the Propsrty at the tim� and place ot sale fixed �y it in such Notice af 5a1e, either as a �rvhole, ar in
<br /> separa�e [ots or parcels or items as Trustee shail deem expedien�t, and in such ❑rder as it may d�te�mine,
<br /> at publi� auction to fihe highest bidder f�r cash in lawful mQney of the lJnit�d 5tates payable at�he time
<br /> �f sa1e. Trus�ee shall d��iver t� such pur�haser or purchasers there�f i�s good and sufficient deed or
<br /> - deeds cvnveyin� the pro�erty so sold, but withou� any covenan� or warranty, express or impl�ed. The
<br /> recitals in such deed o�f any ma�ters ar facts sha�l be c�nclusi�e pr�of a� �he truthfuln�ss thereof. Any
<br /> pers�n, including with�ut�Emitatian Trustor, Trustee, or Lender, may purchase at such sale.
<br /> {k�� As may b� permit�ed by law, after deduc�ing ali cas�ts, �e�s and expenses of Trustee and o�� �his
<br /> TruSt, including costs of e�iden�e of�i�l�in cannection with sale,Truste�shal� apply th� proceeds of sale
<br /> to payment of �i� afl sums expended under the�erms of this Deed of Tru�t or under the�t�rms�f the Note
<br /> not #hen repaid, in�luding hut n�t fimited to accrued int�r�st and la�e charges, �iiy a�l ofiher sums then
<br /> secured hereby, and �iii} �h� remain�er, if any, to th�person or p�rsons legaliy entitled there�a.
<br /> �c� Trusts� may 3n the mann�r provided by law pastpone sa�e��all or any portion a�th� Pr�p�rty.
<br /> Remedies Nvt Exclusi►►e, Trus�ee and Lender, and each �f �hem, shall be entit[ed �o enf�rce paym�nt and
<br /> performance of any indebtedness �r obligat�ons secured by this Deed ❑f Trus�and �a exercis�all rights and powers
<br /> under this Deed vi`Trust, und�r the Note, under any af�the Related Documen�s, or under any other agreemen� or
<br /> any laws now or hereafter in forc�; nvtwiths�anding, snme or all of su�h indeb�edness and ab�igatians securetl by
<br /> this Deed vf Trust may now �r her�af�er �e otherwise secured, wh�ther by mor�gage, deed o�trust, pledge, lien,
<br /> assignmen� or otherwis�. Neither the acceptance of this Deed of Trust nor its en�Forcement, whether by court
<br /> actian ar pursuanf ta �h� power af sale or other powers containsd in #h�s Deed a�Trust, shall prejudice �r in any
<br /> manner affect Trus�ee's vr L�nder's right fio reali�e upan ar enf�r�e any ofiher security now ar hereaft�r held by
<br /> Trustee ❑r Lender, it being agreed that Trustee and Lenderf and each of them, shall be entitled to enforce this Deed
<br /> af Trust and any �ther security naw ar h�rsafter held by Lender or Trus�ee in such order and manner as th�y or
<br /> �ither of them may in their abs�lu�e d�scretion de�ermine, N❑ remedy con�err�d upon or reser�ed to Trustee or
<br /> L�nder, is intended to be exclus��� of any �ther remedy in this Deed of Trust or by law pro�id�d or permitted, but
<br /> each shall be cumulati�e and shall be in addition t� e�ery other remedy gi�en in this Deed vf Trus� or nvw ❑r
<br /> herea�ter exis�ing at law or in e�uity or by statute. E�ery power or remedy gi�en by the Not�or any o�the Related
<br /> Documents t� Trustee or Lender or �� whi�h ei�her af them may bs �therwise entit�ed, may be exercised,
<br /> concurren�iy�r independen�ly, from �ime to time and as often as may be deemed expedient by Trusfiee or Lend�r,
<br /> and either of �hem may pursue incansistent remedies. Nothing in this Deed o� Trusfi shali be construed as
<br /> prohibiting Lender from seelc�ng a deficiency judgment against the Trus�or to the �xt�n�such action is permifited by
<br /> law, Election by Lender �a pursue any remedy shall not ex�lud� pursui� of any other remedy, and an �lecti�n ��
<br /> make expenditures or to take ac�i�n t� per�orm an obliga�ion of TrustQr und�r this Deed of Trust, af�er Trustor's
<br /> failure to per�orm, shall n�t atfiect Len�er's righ�t❑ declare a d�fauit and exercis�i�s remedies.
<br /> Request for Natice. Trust�r, �n behalf❑f Trustar anci Lender, hereby requ�sts tha�a capy of any N�tice t��D�fault
<br />
|