|
2� 1 ��313�
<br /> DEED �F TRL�ST
<br /> L�an N�: 1�'I�958D2 �C�n�inued} Page 9
<br /> trustee, and the instrument shall he�xecuted and ac[cnawledged by al!the beneficiaries under this Deed �f Trust or
<br /> their successors in interest. The suc�essor trus�ee, wi#hflut con�eyar��e of th� Prvperty, shal! succeed �v a!l the
<br /> ti�le, power, and duties con�erred upvn the T�us�e� in�his Deed of Trus�and by applicab�e �av�r. This pracedure for
<br /> substitu�tion of Trus�ee sha[(govern to the exclusian of all vther pro�isiv€�s�or substitution.
<br /> N4TICES. Any notice required t❑ be gi�en under this Deed ❑f Trus�, inciudrng without �imi�ation any na�ice vf de�ault
<br /> and any notic� vf sale sha�l be giWen in writin�, and sha�l be effecti�e when actually deli�ered, when actually recei�ed
<br /> by tele#acsimile �unless otherwise required by�aw�, when deposited with a nationally r�cvgnized ❑�ernight courier, or, if
<br /> mailed, when deposited in�he �nited Sta�es mail, as firs�c[ass� c�rti�ied or registered mail posta�e prepaid. dire�ted t❑
<br /> the addresses shown near fihe beginning ❑f this Deed af Trus�. All copies of no�ices ❑f �oreclosure �r4m �he holder of
<br /> any lien which has priority over this Deed of Trust shal� be sen� to Lender`s address, as shown near the beginning ❑f
<br /> this Deed of Trust. Any party may change its address for natices under this Deed of Trust by �iving f�rmal written
<br /> notice to the other parties, specifying that the purpose of the no�ice is to chang� the party's address. For notic�
<br /> purpvs�s, Trus�or a�rees t� keep Lender infio�med at all �imes of Trustor's current address. Uniess otherwise pra�ided
<br /> �r re�uired by law, i�there is m�re than one Trustor, any notice �i��n by Lender�❑ any Trustor�s deemed �o be natice
<br /> given t� all Trustars.
<br /> IUIISCELLAfVE�US PROV�5I�NS. The fo�lowing misc�lianeaus provisions a�e a part of this Deed v�Trus�:
<br /> Amendmen#s. This Deed o�f Trust,�ag�th�r with any Rslated ❑ocum�nts, �onstitutes the entire unders�anding and
<br /> agreement of the parties as to the ma�ters s�� f�rth in �this Deed of Trust. N❑ alteration of or amendm�nt�o �his
<br /> Deed of Trust shal� be e�f�fec�i�e un�ess �iven in writing and signed by the party ar parties saugh�to be Ghar�ed or
<br /> bound by�the alteration or amendment.
<br /> Annual Reports. I� �he Property Es used for purposes ather than Trustar's residence, Trus�or shal� furnish �o
<br /> Lender, upon r�quest, a cert�fied s�atement af net operating in�ome re��ived firom the Praperty during Trustar's
<br /> preWious fiscal year in such form and detail as L�nder shali r�quire. "N�t operating income" shall mean all cash
<br /> re�eip�s�rom�he Property fess a!I cash expenditures made in cannecti�r�with the operation❑f the Prop�rty.
<br /> Captivn Headings. Caption headings in this Qeed a� Trust are �or conv�nience purpases �nly and are not to be
<br /> used t� interpr�t or define�khe provisions o�this Deed o�Trust.
<br /> �erger. There shall be no merger of the interes�t or es�ate creafied by�his De�d o�Trust with any other interes�or
<br /> esta�e in the Praper�y at any time held by ar for�he b�nefit of Lender in any �apacity, without the vuri�ten �onsent
<br /> of Lender.
<br /> Gv�erning Law. This Deed of Trust will he go�erned by federal �aw applicable �o �ender and, to the extent not
<br /> preempted by�ederal law,�he laws o#th�5�a�e of Nehraska withaufi regard#o its cvnflicts of!aw proWisions. This
<br /> Deed o�Trust has heen accep#ed by Lender in the 5�ate of Nebraska.
<br /> Choi�e of Venue. If there is a lawsuit, Trustor agrees upan Lender's request to submit t� the �urisdictian vf th�
<br /> courts of HALL�vunty, 5ta�te of fVebr�slca.
<br /> Jvint and Several Liabi�ity. All obligatians ❑f gorrawer and Trustor under this ❑eed o� Trust shal{ be �oint and
<br /> se�re�-al, and all referen�es�a Trustor shall mean each an� e�e�y Trust�r, and all referenc�s to Borrower shail mean
<br /> each and e�ery 6arr�wer. This m�ans#ha�each Trustor signing below is responsible far all obligatians in this Deed
<br /> of Trust. Vllhere any ane or more vf the parfiies is a corporation, par�n�rship, limited [iability company or similar
<br /> en�ity, i� is not necessary for Lender�� inquir� into�he povuers of any of the officers, dir�ctors, partners, members,
<br /> or other agen�s a�ting or purparting fio ac� on th� en�ity's beha��, and any obliga�ions made or created in refiance
<br /> up�n the pra�essed e�c�rcise a�su�h pow�rs shall �e�uaranteed under this Deed of Trus�.
<br /> Nv 1Naiver by Lender. Lender shall nvt b�deem�d to ha�re wai�ed any rights under this �eed of Trus� unless such
<br /> wa��er is gi�en in writing and sign�d by Lender. No delay or �mission on�he part of Lender in exercising any righ�
<br /> shall operate as a wai�er of such righ�or any ath�r right. A wai�er by Lender of a pro�is�on a�this Deed ��Trust
<br /> shall nat prejudice or consti�ute a wai�er of Lender's righ� atherwise t❑ demand strict complianc� with that
<br /> provisivn or any other pro��sion of �his Deed of Trust. N❑ prior wai�er by Lender, nvr any course of dealing
<br /> between Lende� and Trustor, shali cvnstitute a wai�er of any of Lender's rights �r of any o�Trus�or's ob[igations
<br /> as to any �Future transactians. Vllhene�er the consent o� Lender is requir�d under this Deed of Trust, the granting
<br /> af such cvns�nt by Lender in any instance shall not c�nstitute continuing cQnsen�to subsequent ins�ances where
<br /> such consent�s requi�ed and in all cases such consent may be granted or withheld in the sole discretian af Lender.
<br /> 5ev�rabili�y. If a c�urt o� comp�tent jurisdi�tion �inds any pra�ision of this Deed o�Trust to be iliegaf, in�alid, or
<br /> unenfor�eabl� as to any circumstance, that find�ng shal! not make the affiending pro�ision illegaE, inWalid, ar
<br /> unen�for��able as to any vther cir�ums�ance. �f feasibfe, the of�fending pro�isiQn shall be cvnsid�red modifie� so
<br /> that it becomes l�ga[, va�id and en�orceabfe. If the affending provision cann�t be so madified, ��k shall be
<br /> considered d�leted from �his De�d of Trust. Unless otherwise required by law, the illegalifiy, invalidi�y, or
<br /> unen�orceability of any proWisian of�his Deed o�f Trus�t shall not affect the legality, Walidity ar enfor�eability of any
<br /> other provisian�f this De�d �f Trust.
<br /> Successors and Assigns. 5ubject ta any �imitations stated in this Deed af Trust an trans�er Q�Trustvr's interest,
<br /> this Deed o�Trust shal! be binding upon and inure ta the bene�it o� �he parties, their su��essars and assigns, If
<br /> ownership o�the Properfy becamas �es�ed in a person other�han Trus�ar, Lender, w�thout nat�ce t� Trustor, may
<br /> deal with Trustor's successors wi�h referenC��to�his De�d o�Trust and fihe Ind�b�edness by way of fo��earance nr
<br />
|