|
2� 1 �� 1 �88
<br /> DEE� �F TRUST
<br /> Lflan N�: 87���D4�� ��ont[nued� Pag� �
<br /> enforce any af the c�wenants h�r�of; and
<br /> �c} ❑eii�er�o Truste� a written dec[aration of default and d�mand �or sale and a rivri�t�n natice of defau[t
<br /> and efe�t�4n�a cause Trustar's interest in th� Property t� be safdf which natice Trustee sha11 caus�t� be
<br /> duly fi[ed for re�ord in the apprapriate�ffic�s af the C�un�y in whi�h the Prop�rty is Iocated; and
<br /> td) With respe�fi fio a�l ar any part ofi�kh� Personai Prvp�rty, Lender sha�� ha�e all the rights and rem�dies
<br /> of a secured party under th� hle�ras�a Unifarm �ommerc�a[ Code.
<br /> Fareclasur� by Power of Sal�, !f Lender ele�ts to farecfose by ex�rcise of the PQw�r�f 5ale herein cantained,
<br /> Len�er shall n�ti�y Trustee and shall deposit with Trustee this Deed of Trusfi and the �redit Agre�ment and
<br /> such receipts and ev�d�nce�f e�penditures made and secured �y this Deed of Trust as Trus�ee may require.
<br /> �a} lJpan receipt af such n��i�e from Lender, Trus�se shalE �ause to be recorded, pubf�she� and defivered
<br /> t❑ Trustar su�h No�ice a�F D��aul� and Notice ❑# Sa�� as then required by law an�1 by this Qeed af Tru�t.
<br /> Trustee shal�, wifihaut demand on Trus��r, after su�h time as may th�n t�e required �y la�rv and af�er
<br /> recarda-��an of such IV�fiic� o� Default and a�ter Natice of Sa[e having b��n given as required by law, s�ll
<br /> the Proper�r at the tim� and place af sal� fixed by it in 5L1Gh IVQ�IG� �f 5ale, either as a wh�l�, ❑r in
<br /> s�para�e lats ❑r parcefs �r items as Trust�� shal[ c�eem expedient, and in such �rder as it may det�rmineE
<br /> at pub[ic �ucti�n ta the highest bidder�ar cash in iaw-fui money ��the Llnited 5tates payabl� at the time
<br /> of sa�e. Trustee shall de�fWer ta su�h purchaser ar purchasers �#hereof its gotid and sufficient deed or
<br /> deeds �on�eying the pr�p�rty �a �old, but withaut any cav�nant ar warranfiy, express ar impfiede The
<br /> r�ci�als in suGh deed af any ma�t�ers �r faets sha�l be c�ncfusi�e proof o� the truthfu�nsss thereof, Any
<br /> per�on, inGluding with�ut fimitat�on Tr�ustor, Trustee, ar Lender, may pur�has� at su�h sale.
<br /> {�y As may be permitt�d by law, after deducting all costs� ��es and expens�s af Trustee and o� this
<br /> Trust, inc�uding casts❑f e�idence ❑f tit[� in conn��tian with sale. Trustee sha[I appiy�he prtice�ds a�sale
<br /> t� paym�nt o� {i} alf sums exp�nded und�r th� ��rms vfi this �eed af Trust ar under the terms of the
<br /> Credi� Agreement n�t then repaid, including but nat limited ta accrue�! in��r�sfi and late charges. {ii] all
<br /> ather sums �hen secured h�reby, and {iii� th� r�maind�r, if any, to the p�rsan �r persans legally entitled
<br /> thereto.
<br /> �c� Truste� may�n�he manner praWided by law postpane sale of all or any p�rtion❑f�h� Proper�y.
<br /> R�me�i�s N�t Exc[usive. Truste� and Lend�r, and each of th�m, shall be entitled ta entorce payment and
<br /> per�ormance of any indebfi�dness �r obfigations secured by this D��d�f Trust and ta e�ercise a11 righfis and p�wers
<br /> under this Deed af Trust, under the �r�dit Agreement, under any af th� Re[ated Docurn�nts, flr und�r any ��her
<br /> agr�emen� or any �aws n�w ❑r hereaf�er in ��r�e; natw'sthstanding, some or ali ❑f such indebt�dness and
<br /> obligat�ans secured by this ❑eed af Trus� may now ❑r her�after be ath�rWise secured, whether by mortgage, �eed
<br /> of trustr pl�dge, lien, assignment ar ath�rwise. Neither the acceptance of this Deed af Trust nor i�s �nforc�ment,
<br /> whether E�y ��urt actian or pursuant to the power of sale ar ather p�w�rs contained in this Deed of Trust, shal!
<br /> prejudi�e or ir� any manner af�ect Trustee's or Lender's r��h�t to rea�ize up�n flr enfarGe any ath�r s�curity naw ar
<br /> herea�ter h�ld by T�ustee ❑r Lend�r, i-� b�ing agreed that Truste� �nc� L�nder, an� each af them, shalf be enti�led��
<br /> enfor�e �his D�ed o� Trust an�1 any ❑-ther se�urity naw or hereafter hefd by L�nder ar Trustee in such arder and
<br /> manner a� they ❑r either ❑� them may in their absolufie discretion d�fiermins. No remedy con��rr�d upon ar
<br /> reserved t❑ Trustee ar Lend�r, is intended �� be e��lusiv� of any ather remedy in this De�� o� Trust or by [aw
<br /> provid�d or permitted, but each sha[l b� cumulatiWe and shalE !�e in addition �a e�ery a#her ��medy gi�en in �his
<br /> ���d of Trust ar r�c�w ❑r her�a#ter exis�in� at law or in equity flr by statute. E�rery p�wer ❑r remedy gi�en by the
<br /> Credit Agreement vr any a� th� Relat�d Documents to Trustee ar Lender ar -�o which �ith�r �f th�m may b�
<br /> ��herwise entitled, may be exercised, �on�urrently or independently, fr�m tim� �o tim� and as aften as may be
<br /> deem�d exp�dient by Truste� or Lender, and either o# them may pursue in�ansis�en# remedies. No#hing in �his
<br /> Q��d a# Trust sha1� be �onstrued as prohib�ting L�nder fram s�eking a deficiency judgment against the Trustar to
<br /> the extent such action is �ermitted by�av�re
<br /> E�ec�ian of R�medi�s. AI[ of Lender's rights and rerned�es W3II b�: �umulativ� and may b� e��rcised �lone ar
<br /> together. If Lender de�id�s t❑ spend mar�ey ar ta p�rform any af Trust�r's abligati�ns under fihis Deed of Trustr
<br /> after Trustar's failure to �lo so, that d��ision by L�nder will nat affect Lender's right to dec�are Trus�or in detauft
<br /> and t� exercise Lender's r�medies.
<br /> R�quest for IVoti�e. Trust�r, an hehalf❑�Trustar and Lender, h�reby requ�sts tha�a �apy a�any Nfltice��Detau[t
<br /> and a cnpy o�any Nati�e �f Sale under this De�d of Trus� b� mailed to th�m at the addresses se�t fiarth in the first
<br /> paragr�ph❑f this aeed of Trust.
<br /> Att�rneys' Fees; Exp�ns�s. Ifi Lender institutes any suifi or a�tion to enfarce an}� of the terrns af this D�ed of
<br /> Trust, Lender shall b� enti�ie�1 to re�o�er such sum as th� caur#may adjudge reasanable as a�torneys' fees at trial
<br /> and upan any appeal. 1lVhe�her ar n�t any court actian is in�of�ed, and to fihe ex�ent not �rnhihited by law, all
<br /> reasonabl� expenses Lender incurs that in L�nder's opini�n are n�c�ssa�y at any �ime far �he pratection of it�
<br /> interest or th� enforc�ment o�its rights shali became a part a#the [ndebt�dness payab[e on demand and shall bear
<br /> ir�terest afi the Credit Agre�ment rate from the date of th� e�penditure unti� repaid. Exp�ns�s caWered by this
<br /> paragraph includ�r with�ut limitati�n, hawev�r subj�ct to any �imits under appli�a�le law, Lender's at�arneys` fees
<br /> and Lend�r's legal expenses, whether o� not there is a lawsuit, including attorneys' f�es an�i expenses fi�r
<br /> bankrup#cy proceedings �in�luding effart� to modify or vaca�e any autamati� s�ay or injun�tEon}, app�a�s, and any
<br /> anticipa��d past-judgmenfi coflectian services, the cast af searching recards, �bfiaining �i�le reports �including
<br /> fvre��osur� reparts)r sur�eyors' repc�rts, and appraisa� '��es, title insurance, and fees far th� Trustee, t❑ the ext�nt
<br /> perrr�i#ted by app[icabl� law. Trustar als�wiil pay any court,c�sts, in additian to al!ather sums provided by�aw.
<br /> Rights of Trus�s�. Trustee shall hau� al[ o�the righ�s anr��uties of Lender as se���rth in this se�tic�n.
<br /> P�lJ1fERS �4ND QBL1�ATi�NS �F TRUSTEE. The foll�wing pro�is�ons relating t� the p�wers and ab�igations af Trustee
<br /> are part a�F this Deed�f Trus�:
<br /> Rawers at T�ustee. In addition ta a�l p�v�r�rs of Trus��� arising as a mat�er�fi�aw, Trus�t�e sha�i ha�e the power ta
<br /> take the fall�wing actians with r�spect fi� the Praperty up�n the wri��en request af Lend��- and Trust�r: �a� j�in in
<br /> pr�paring and f�ling a map or p�at ❑f the Rea! Prapsr�y, including th� dedicatiQn r�f streets �r other rights ta �he
<br /> public� �b} jain in gran�ing any easement �r cr�a�ing any restric�ian an the Real Praperty; and �c} join in any
<br /> sub�rdination or ather agreement affecting this Deed ❑f Trust or-�he interest�f L�nd�r und��this ❑ee�f of Trust.
<br /> Tru�tee. Trustee shal� meet all qualificati�ns r�quired for Trustee under appficable law. In addition tv th� ri�hts
<br /> and r�m�dies set farth abave, wi�th resp�ct to a�l �r any part ❑f the Property, th� Trustee shalE have th� right �a
<br /> forec[o�e by natice and sale, and Lender wil� have �he right tc� far��lase b� �udicia[ farec[osur�, in ei�her cas� in
<br /> accardance with and t❑the full e�tent proW�ded b�applicabie law.
<br /> 5u��essor Trustee. Lend�r, a�Lender's o�ation, may fram time to time appoint a successar Trustee ta any Trus���
<br /> app�inted under this De�d of Trust by an instrument execut�d and acknavv[edged by L�nder and rec�rd�d En the
<br /> office of th� recard�r of Hall G�unty, State o� Nebras�a. The instrum�nf shal� can�ain, in additFan to ai� a#her
<br /> matt�rs requ�red by state la►nr, the names of the arigina[ Lender, Trustee, and Trustor, the b�ak and pag� �or
<br /> camputer sys��m r�ference� wher� this aeed o# Trust is rec�rd��l, and the name and addr�ss af the success�r
<br /> firustee, and the insfirumen�shall �e exe�uted and acknow[edged by ali�he beneficiaries un�ier�his ❑eed ❑f Trust ar
<br />
|