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2� 1 ��25�5
<br /> �]EE�3 �F T'Rl�ST'
<br /> {��r�t��u��� �a�� �
<br /> cvncurrent�y vr independently, �Frvm time to time and as o#ten as may �e deemed expedient by Trustee or Lender,
<br /> and eifiher o� them may pursue incvnsisten� remedies. 1Vvthing in this ❑eed of Trus� shall tae construed as
<br /> prvhibi�ing Lender�rvm se�king a de�iciency judgment against the Trustor�a the ex�ent such action is p�rmit�ed by
<br /> fairv. Electivn by Lender to pursue any remedy shall not ex�lude pursui� of any other remedy, and an ele�tivn to
<br /> make exp�nditures or ta take ac�ion to pertorm an obligativn a�Trus�or under �his Deed of Trust, a�ter Trustvr's
<br /> taifure�o perfarm, shall n�t a�fect Lender's right ta declare a defaul�and exercise its remedies.
<br /> Request fvr 1Votice. Trustvr, vn beha��v�Trustar and �ender, hereby reques�s that a copy�f any IVotice o�Defaul�
<br /> and a c�py vf any Notice �f Sale under�his Deed vf Trust �e mailed tv �hem at the addresses set���th in the firs�k
<br /> paragraph o�this ❑eed vf Trust.
<br /> �4�#orneys' Fees: Expenses. ff Lender insti�tutes any �ui� vr action ta en�orc� any ot �he terms v�F this Deed o�
<br /> Trusfi, Lender sha([ be entitled �o reco�er such sum as�he court may adjudge reasvnab�e as attvrneys' fees at trial
<br /> and upon any app�al. Whether �r not any cour� ac�ion is in�olved, and �o fihe extent nat proi�ibited by law, all
<br /> reasvnable expenses Lender incurs that in Lender's ❑pinion are n�cessary a� any time �or the pr�tection ofi its
<br /> interest or the enforcement vf its rights shall hecame a part vf fihe lndehtedness payab[e on demand and shall bea�-
<br /> in�erest �t�he Note rate from the date of the expenditure until �-epaid. Expenses co�ered by�his paragraph in�lude,
<br /> withvut fimitation, howeWer subject to any I€mits under app[icab�e �aw, Lender's attarneys' fees and Lender's €egaf
<br /> expens�s, whether or na� there is a lawsuit. including attorneys' fees and expenses for bankruptcy proc�edings
<br /> {including ef�orts to mvdify or�acate any autvmatic s�ay or injunctivn}, appeals, and any anticipa'�ed pvst-judgment
<br /> cvllectivn s�r�rices, the �ost o�search�ng records, vbtain�ng title reparts {including fareclvsure repvrts�, sur�eyors'
<br /> reports, and appraisal �ees, ti�l� insurance, and fees #or the Trustee, to the ex�ent p�rmi�ted by appfi�abfe iavv.
<br /> Trus�ar also will pay any court�vsts, in add�tivn�❑all ❑ther sum� pro�ided by law.
<br /> Rights❑f Trustee. Trus�ee shalf ha�e all of the rights and duties of Lender as set�arth in this sec�ivn.
<br /> PD�lIIFRS A1VD �BL1GATl�IVS �F TRUSTEE. The following pro�isions relating to �he powers and vb[�gations v�Trustee
<br /> are par�t❑f this Deed of Trust:
<br /> Powers vf Trus�e�. fn addition ta all powers ��Trustee arising as a mafiter v��aw, Trustee shall ha�e the pvwer�❑
<br /> #ake the f�[fowing actions with resp�ct fiv �he Prvpert�r up�n the vvrit�en request af Lender and Trustvr: �af join in
<br /> prepar;ng and filing a map vr p[a� of the Real Property, including the dedicatian ❑f streets vr ather righ�s #o the
<br /> public; {b; �oin in gran#ing any �asemen� vr cr�ating any restriction vn the Real Praperty; and �c} jo�n in any
<br /> subv�dinativn v�-other agreemen�a�#ec�ing this Deed o�F Trus't or the interest vfi Lender under this Deed o#Trus�.
<br /> Trus�ee. Trustee sha[� meet a[� qualifications required �or Truste� und�r applicabl� [aw. �n addition �o the rights
<br /> and remedies set �vr�h abv�e, with respect to all vr any part of the Prvperty, the Trustee shall ha�e �he right '�v
<br /> �arec�ose by natice and sal�, and Lender sha[� ha�e the righ� to #oreclase by judiciai f��e�fvsure, in either case in
<br /> acc�rdance with and tv the fuf�extent pr��ided by applicabfe [aw.
<br /> Su��essar T�ustee. Lender, at Lender's ❑pt'ton, may from time t�time appoint a successor Trus�ee t❑ any Trus�ee
<br /> appainted under #his �eed af Trust by an instrumen� executed and acknawledged by Lender and recorded in the
<br /> o�fice of the recorder v� Hafl County, 5�ate ofi Nebraska. The instrument shall contain, in additi�n to all vther
<br /> ma��ers required by state �aw, the nam�s �f the original Lende�, Trustee, and Trustflr, �he hvok and page �or
<br /> cvmputer system ref��ence} where this Deed of Trust is re�orded, and �he name and address v� the successor
<br /> trus�ee, and the ins�rument shall be executed and acknow[edged by a[�the benefiiciaries under�his Deed o�F Trust or
<br /> th�ir successors in inte�est. The successor trustee, without cvn�reyance of the Prvperty, shall succeed ta all �he
<br /> title, pow�r, and duties cvn�erred upon the T�-ustee in this Deed ❑f Trust and hy appficable [aw. This prv�edur� for
<br /> substitutivn v�Trust�e shal[ goWern�o the exclusian�f all vther prvvisians�or�uhstitutivn.
<br /> NDTICES. Any notice required ta be gi��n under�this ❑eed of Trust, incfuding without fimitation any nvti�e of de�auft
<br /> and any na�ice of sa(e shall be gi�en in writing, and shall be e�fec�iue when actually deli�ered, when ac�uaffy re�ei�ed
<br /> by�e�e�Fac�imile �unless otheruvise required by law}, when depvsited with a nationa[�y re�ogni�ed v�ernight cauri�r, or, i�
<br /> mailed, when deposited in the United Sta�es mail, as firs� �lass, certified or registered mail postage prepaid, directed �o
<br /> the addr�sses shown near the beginning vf this Deed of Trus�t. AIi c�pi�s of noti�es v� forecl�sure from �he halder v�
<br /> any li�n which has pri�rity over �his Deed of Trust shal� be sent ta Lender`s address, as shawn n�ar the heginning of
<br /> th�s Deed of Trust. Any party may change its address �vr nv�ices under �this ❑eed v� Trust by giving formal wrEtten
<br /> no�ice to the o�her parties, speci�ying tha� the purpose of the notice is to �hang� the party's address. For nvtice
<br /> purposes, Trusfivr agrees t❑ keep Lend�r inform�d at all times o�Trustor's curr�nt address. Unless otherwise prv�ided
<br /> or requir�d by �aw, i#there is mvre than vne Trus�or, any nvti�e gi�en by Lender�v any Trust�r is d�emed tv be natice
<br /> given�o a��Trustors.
<br /> M�SCELLANEaUS PRaV[S1�NS. The fvflouvin� miscellaneous pro�isivns are a par�o�this Deed ❑�Trust:
<br /> Amendments, This ❑eed af Trust, �ogether with any Rela�ed ❑ocuments, cvnsti#utes the enfiire understanding and
<br /> agreem�n�t vf the par�ies as tv the matters s�� f�rth in this Deed o�Trust. No alterati�n a� or amendment to this
<br /> Deed af Trust sha�� be effiecti�e un�ess gi�en in wri�ing and signed by the party�r parties sought�o be charg�d ar
<br /> bound by the al�eration�r amendment.
<br /> ►4nnual Reports. If the Property is used f�r purpases �ther �han Trustor's residence, Trustvr shall furnish ta
<br /> Lender, upon request, a certi�ied statement ❑# ne� operating income received from the Property during Trustor`s
<br /> pre�ivus fis�al year in such -�orm and detail as Lender shall require. "[Vet aperating income" shaf[ mean all cash
<br /> receipts�r�m�he Property less al[ cash expenditures made in cvnnecti�n wi�h�he operation vf the Prvperty.
<br /> Captivn Headings. �aptivn headings in this Deed �f Trust are fvr c�n�enience purpvses only and are nvt �tv be
<br /> used to interprefi or define�he pro�isivns v�this Deed of Trus�.
<br /> Merger. There shall be n� merger v�the interest❑r estate created by this De�d o�Trust with any c�ther �nterest�r
<br /> estate in the Property at any time held by or for the benefi� af L�:nder in any capaci�y, with�ut�he written consent
<br /> v�Lender.
<br /> GQWe�ning Law. This Deed a� Trus� wi�f be governed by #ederal iaw app�icable #v Lender and, t❑ �he ex�ent nat
<br /> preemp�ed hy federal lavv,the �a►nrs a#the State of Nebraska withou�regard tv its cvn��ic�s of law provis�ans. This
<br /> Deed of Trus#has been accepted#ay Lender in#he 5#a�e o�1Vebraska.
<br /> Chvi�e of Venue. �f there is a [awsuit, Trustor agrees upvn Lender's reques� �v suhmit t❑ the jurisdic�ion of the
<br /> cvur�s of Merrick Cvunty, State of Nebraska.
<br /> Jvint and Se�era[ Liabifity. Afl �hli�ativns o# Trustor under this Deed of Trust sha�l be jvint and se�eral, and all
<br /> referenc�s tv Trusto� shall mean each and e�ery Trustor. This means that each Trustor signing below is
<br /> respansible�or all vb�igatians in�his Deed vf Trust.
<br /> N�VIlaiver hy Lender. Lender shall not be deemed tv ha�e wai�ed any rights under this Deed vf Trust un[ess such
<br /> wa��er is gi�en in writing and signed by Lender. No delay�r omissivn vn the par�of Lender in exercising any right
<br /> shall ❑perate as a wai��r o�such righ� or any other right. A wai�er by Lender af a pro�ision of�his ❑eed vfi Trust
<br /> sha11 nat prejudice or constifiute a wai�er of Lender's right ❑�herw�se ta demancl s�tric� cvmpliance with tha�
<br /> prv�ision vr any v�her pro�isivn v� this Deed flf Trust. N❑ privr wai�er by Lender, nvr any cvurse of dea��ng
<br /> between L�nder and Trus�or, shall constifiu�e a wai�er vf any ❑f Lender's rights or v# any �f Trustor's vbligations
<br /> as �v any fu�ure �t�ansaCtians. Whene�er the cansen� of Lender is required under this Deed of Trust, the granting
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