201603426 - Laserfiche WebLink

Browse

2� 1 ��342� DEED �F TRUST Laan No: �D'i 293924 �Continued} Page 3 Lender may d❑ sv. I# any ac�ion ❑r pra�eeding is �ammenced that would materially afifect Lend�r's interests En the Prop�r�y, then Lender vn Trus�or's behal� may, but is not required to, �ake any acti�n �hat Lender beiie�es to be appropriate t❑ protec� Lender's interests. All expenses incurred vr paid by Lender �or such purp�ses will �hen i�ear in��rest a� �he rate charged under �h� Credit Agre�ment from �he date incurred ar paid by Lender to the date af repayment by Trust�r. Ail such expenses will become a par� of the Ind�btedness and, at Lender's aptivn, wE�f {A} be payabfe an demand; {g� be added t❑ the ba[ance ❑f the Credit Agreemen� and be appvrtianed among and be payable with any installment payments to become due during ei�her �1 y the term o�any appE�cable insurance policy; ar �2� the remaining term ❑f�he Credi�Agreement; or �C� be tr�a�ed as a bal[ovn payment which wiEl be due and payable at the ��-edit Agreement's ma�urity. WARRANTY; DEFENSE QF TITLE. The�ollowing pro�isions relating�v❑wnership of#he Praperty ar�a part af�hrs ❑eed vf Trus�: Tit1e. Trustor warran�s that: {a� Trustor hvlds gvod and mark�table title v� recard ta the Property in fee simple, ��-ee and clear ❑f all liens and encumbrances other than thvse se� forth in the Real Property descrip�ion ar in the Existing Endebtedness sec�tion befow vr in any title insurance poiicy, ti�le repvrfi, or#inal title �pinian issued in fa�ar of, and accep�ed by, Lend�r in connectivn wi�h �his []eed of Trust, and tb� T�ustor has �he �ull right, pawer, and au�harity t❑ex�cute and d�li�er#his Deed af T�-ust ta Lender. Defense o�Titie. Sub�ect to �he ex�eptivn in the paragraph abvve, Trustar warrants and will fore�er defend �he �i�Ee tv the Property agains�the {awful c�aims af a[I persvns. EXISTING �NDEBTEDNESS. The fo�iowing prv�isions concerning Exis�ing lndeb�edness are a part o��his Deed n�Trus�: Existing Lien. The lien a� this Deed v� Trust securing the Indeb�edness may be secvndary and in�erivr ta an existing �ien. Trustor expressly �o�enan�s and agrees to pay� or see to �he paymen� ❑f, #he Existing Indebtedness and to pre�en�any default an such indebtedness. any default under�he instruments e�idencing such indebtedness. ar any defau[�t under any securi�y dvcumen�s�or such Endel��edness. EVENTS OF DEFAULT, Trus�ar wil� be En default under this Deed af Trust if any of the following happen: {A} Trustor commits #raud or ma�es a materiaf misrepresen�ation at any time in connection with the Credi� Agreement. This can include, �or example� a �aise statemen� abaut Trustar's income, assets, I�abilities, or any vther aspects o� Trus�or's #inancial cvndition. {g� Trustor dves not mee�the repayment terms ❑f the Credit Agreement. tC� Trustor's activn flr inaction ad�ersely af�ec�s the coliateral or Lender's righ�s in the coilateral. This can include, for exampie, �ailure ta maintain required insurance, wasfie❑�des�ructi�e use a�r the dwelling, �ailure to pay taxes, death ❑f all persvns liable vn the account, �ransfe� of ti�le or sale a� �he dwelling, creation of a seniar lien on �he dwe�Iing withvu� Lender's pe�mission, fioreclvsure by the holder❑#anather 1ien, or the use o��unds ar the dwell�ng�or prahiE�ited purpvs�s. RlGHTS AND REI�liED�ES DN DEFAULT. Upon the occurrence o� any E�ent ❑f De�aul� under any indebtedness, or shauld Trustor fai�to comply w��h any of Trus�or's obEigations under this i]eed o�Trust, Trustee ar Lender may exercise any vne ar more v�the fallowing rights and remedies: � Acce�eration Upon De�aul�;Addi#ivna! Remed�es. F-F any E�ent o�De�ault a�curs as p�r the terms ❑�th� Credit Agreemen� secured hereby, Lender may d�clare a1� Indebtedness secured by this Deed af Trus��v be due and payab[e and the sam� shall �thereupon become due and payable without any p�esentment� demand, pratest or na�ice of any kind. Thereafter, Lende�may: {a� Either in person vr by agen�. with or withou� br�nging any ac�ion or praceeding, ar by a recei�er appointed by a �ourt and wi�hou�r�ga�d to the adequacy o� its security. en�er upan and take possessian of the Proper�y, vr any part thereof, in its awn name ar in the name af Trustee, and do any acts which it deems necessary ❑r desirable t❑ preser�e�he �alue, marke�abili�y or ren�abiEity ❑f�he Prvperty, or part❑f �he Property ❑r int�res� in the Proper�y; increase the in�ome from �he Property v� prvtect the se�uri#y o� the Prope��y; and, wi�h ar wi�hvut taking pvssession of the Property, sue �ar ❑r o#herwise �v�leGt �he ren�s, issues and p�-vfi#s ❑f ths Property, including thvse past due and unpaid, and apply the same, less casts and expens�s o�operation and colfe�tian a��orneys' �ees, �❑ any indebtedness secured by�his Deed o� Trus�, all in such order as Lende� may determine. The en�ering upon and �akEng pvssession a� �h� Property, the callec�ivn ❑� such rents, issues and profits, and the application thereof shall na� cure or wai�e any de�ault❑r nvtice o# default under�his fleed o�Trus�or En�alidate any ac� done in respanse tv such de�ault vr pursuant ta such notice a�de�aul�; and, nv�withstandEng�he continuance in pvssessivn of �he Prvperty vr the c�llection, receip� and appii�ation o� rents. issu�s or pra�i�s, Trustee or Lender sha�� be entitled �o exercise every right pro�ided �or in �he Credit Agreemen� or the Rela�ed Documents or by iaw upvn the occurrence of any eWen�t❑f defaul#. including the right to exercise#he powe�v�sale; �by Cvmmence an activn�❑foreclose�his Deed of Trust as a mvrtgage, appoin� a recei�er or specifEcaily enfiorce any af�he co�enants hereo�; and �c} De�iWer tv Trustee a writ�en declaration v�de�aul�and demand for sale and a wri��en na�i�e of default and elec�ivn to cause Trustor's in�eres�in the Prvper�y tfl be sold. which n�tice Trus�ee shalf cause to be duEy filed for record in the apprvpriate❑ffices af the Cvunty in which the Proper�y is laca�ed; and �d} Vlli�h respect�o a!I or any part of�he Persona! Prvperty, Lender shall ha�e aIl the righ#s and remedies o�a secured party under�he Nebraska Uni�orm Cvmmer�ial �ode.