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2� 1 ��31 ��
<br /> �b[iga�ions secured hereby, be immedra�eEy du� and payable and bear in�er�st a� �he defaui� ra�e
<br /> prvvided �n �he Loan ❑ocuments from �he da�e af payment unt�l paid. The advancemen� by L�nder�f
<br /> any such am�un�s wi[I in no manner limit the righ� vf Lend�r�o dec�are Trustor in defauit or e�ercise
<br /> any of Lender"s other rights and r�medies.
<br /> f. In �he e�en� Lender�s a party to any litigation afFec�rng fhe Property or�his �rus�deed, including any
<br /> actian by L�nder �v �nforce �his trust deed or any sui� in vtirhich Lender is named a defendant
<br /> �including eminenf d�main and bankruptcy procee�ings}, Lender may incur expenses and ad�ance
<br /> paymen�s far abs�ract fees, a�orney's fees ��o �he extent aElowed by Iaw�, costs, expenses, appraisa[
<br /> fe�s, and vthe�charges and any amaunt� so ad�ranced wiCC became part of�he principal �biigatians
<br /> secur�d h�reby, b� immediately due and payable and bear inter�s�at the defaul� ra�e pravided �n �he
<br /> Loan Dacuments from �he date of advance until paid.
<br /> 8. �elay by Lender in e�cerc�sing Its r�gh�s up�n defaul� wilE not be construed as a wai��r �her�eaf, and
<br /> any act�f Lender waiving any specific d�fau��w��� not be cons�rue�l as a waiver of any future d�fault. lf
<br /> fhe prviceeds under sale or for�closure as se� forth abnve are �nsuff�c�en� to pay �h� to�a� �bliga�ians
<br /> secured hereby, Lender will be en�itled to a deficiency judgm�nt.
<br /> 9. Any awards made tQ Trus�or o� �heir successvrs by �he exercise of eminen� domain are hereby
<br /> assigned to Lender; and Lender is hereby au�hor��ed to co�iect and apply the sam� in paymenfi af any
<br /> indebtedn��s, matured or un-matured, secured by �his �rus� deed. Trustor sha[[ �mmedia�ely no�ify
<br /> Lender of any action in eminent domain.
<br /> '��. This trust deed cons�i�utes a s�curi�y agreement with respect to aI[�he Praperty des�ribed her�in.
<br /> 'I'[. No remedy herein conferred upon or reserved �o Trus�ee or Benef�ciary is �ntended �o be exclus��e
<br /> of any o�her ��medy her�in or by [aw provided or� permitted, bu� each w�ll be cumulative, wil� be in
<br /> addi�ion �o e�ery other rem�dy given hereunder �r now or hereafter existing at law or in equi�y or by
<br /> s�a�ute, and may be exercised concurrently, independently or successively.
<br /> '12. Trus�or acknowle�lges �hat the du�i�s and ob�iga�ions of Trus�ee wr[i be defiermined soie[y by �he �
<br /> e�cpress pro�isions of this trus� deed or �he Nebraska Trus� Deeds Act and Trustee will na� be Iiable
<br /> excep� for �he perfarmance af such dufi�s and obligations as are specifically se� forth therern, and no
<br /> implied covenants ar abligatians wi11 be impased upan Trus�ee; Trustee will no� be liable far any ac�ion
<br /> by if in gaod fai�h and reasonably believe� by i� �a be au�horized or wj�hrn �he discretion or rights of
<br /> p�wers c�nf�rred u pon r�by�h is trust deed or s�a�e law.
<br /> '�3. The covenants con�a�ned in �his frus� deed wilC be deemed ta be seve�ab[e; �n the even� �hat any
<br /> partion of�his�rust deed is d�termined �o be vQrd ar unenforceable, that determinatlon will not affec��he
<br /> va[Idi�y�f�he remaining port�ons of�h��rus�deed.
<br /> 'I4. Trus�or hereby requests a copy of any nafice af defaul� or nofiice ❑f sa[e hereunder to be mailed by
<br /> certified mail�o Trustar at the address set forth herein.
<br /> 'I5. A11 nvtices, requ�sts and demands �v ar up�n �he respective parties her�to ta be effecti�e shall be
<br /> in `nrri�ing and, unIess o�herwise expr�ssly prvvided herein, shali be deemed to have been duly given ar
<br /> made when deli�ered by hand, or�hree days after being deposited in �he mail, postage prepaid, or, in
<br /> the case of delivery by a na�ianaIiy recognized Qvernight courier, when receE�ed, addressed �a one or
<br /> more nf the individuals execu��ng th�s ��us�deed on behalf of su�h party a��he addr�ss se�forth above,
<br /> or�v such o�he�address as such party may desrgna�e far itself by[ike no�ice.
<br /> '�6� Trustor shal� pramp�ly pro�ide andlor execute and de[�ver to Lende� such further instrumen�s,
<br /> including, bu� not limited t�, mortgages, deeds of �rus�, security agreements, financing s�atements,
<br /> con�inua�ian s�a�emen�s, assignments, cer�ificates, aff�davits, addendums, amendments ar resalufiions
<br /> in farm and substance sa��sfactory tv Lender tha� Lender may r�quire ta effectua�e, c�mplete, perfec�,
<br /> con�inue ar preserve this��ust deed o�any v�he�Loan ❑vcumen�s, �bliga�ions or liens reiated thereta.
<br /> '[7� Th�s trusf de�d and aIi of the Loan Documen�s constitu�e �he en�ire and comple�e un�e�stand�ng of
<br /> the parties hereto and supers�de all prlo�agr��men�s and unders�andings reCat`r�e fo�he subject maiter
<br /> hereof. This �rus�deed may na� be effecti�e[y amended, changed, al�ered o� m�dified, excep� in wri�ing
<br /> execu�ed by a[I parties. Ta the e��ent �he provrsions contained in �his trus� deed are inconsisten� wi�h
<br /> �hase con�ained in any o�her Loan Dacuments, �h�terms and pravrsions con�ained herein shali contro[.
<br /> �therwis�, such pro�isians shai[ be considered cumuIatf�e.
<br /> '18. This �rust deed may be execu�ed in any numher of cvunter�parts and by ei�her party on separa�e
<br /> coun�erparts, each of which shali be deemed an original, but a�1 of which �ogethe� shall cons�itute one
<br /> and�he same ins�rumen�. �
<br /> �19.Time is of�he essence in the per�ormance of�his trust deed.
<br /> ��. The terms of�his trust deed shall bind and benef���he heirs, [egaI �epr�sen�a�ives, successors, and
<br /> assigns of the parties; pra�ided, howe�er, �ha�Tr�usfor may no� assign this �rus�de�d, or any advances
<br /> App#:�377'n54; �1F#: �32�45; Note#:3�3�'i 97 �4�BM Lega�Dac.I�a�e:May�0,�0�6
<br /> F�RN1 5�'1�,Trust Deed and Assignment of Renfs Page 6 of 1�
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