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2� 1 ��3485
<br /> DEED C]F TF�UST
<br /> Lo�n N�: 'I�1��573� ��antinued� Pag� 8
<br /> Pow�rs of Trustee. in addi�ian to all powers vf Truste� a�ising as a matter❑f law, Trustee shail ha�e the pvwer tv
<br /> take the fbliawing actians with respec� to �he Pro�erty upon the written reques� o�F Lender and Trustar: �ay join in
<br /> preparing and �i�ing a map �r pl�t �f the Real Property, including the dedication of stree�s ❑r ather rights to the
<br /> pub�ic; �b� j�in �n gran�ing any easement ar creating any restrictiQn on the Real Prvperty; and �cy join in any
<br /> subardination ❑r ather agr��ment a��ecting this Deed ot Trust ar�he interest o�Lender und�r this Deed of Trust.
<br /> Tru�tee. Trustee sha�i meet all qualifica�ions r�quired �ar Trustee under applicable law. fn additian to the rights
<br /> and rem�di�s set f�rth ab��e, with resp�c� t� a!I or any part ❑�F the Praperty, the 7rustee shall ha�e �he right �o
<br /> tvreclose by na�ice and sale, and Lender sha�l ha�e the right �o foreclas� hy judicial foreclosur�, in either case in
<br /> accordance with and f❑�he full �x�ten#pravided �y appficable law.
<br /> Successor Trust�e. Lender, at Lender's option, may �rom time tv time app�infi a successor Trustee ta any Trustee
<br /> appoin�ed under this De�d af Trust by an insfirument executed and a�l�now�edged by Lender and recorded in the
<br /> af�ice of �he recorder n� HALL County, Sta�� �f Ne�raska. The inst�ument shall c�ntain, in additian to all a�rher
<br /> matters required by stat� �aw, the names vf #he vriginal Lender, Trustee, and Trustor, �he bo�k and page ��r
<br /> c�mputer system referen�e� where this Deed af Trust is reCorded, �nd the name and address af �he successvr
<br /> �rus�ee, and the instrument shall be executed and acknvwiedged by alf the beneficiaries under this Qeed ❑�Trust ar
<br /> their su��essors in interes�, The successar trustee, without conWeyanG� of�he Property, shall suc��ed t� a!I th�
<br /> title, power, and duties can�erred upan �h� Trus�ee in this Deed a�F Trust and by �p�licable law. This �rocedure fnr
<br /> substitu�iQn❑f�'rustee shall goWern ta th�exclusian of all oth�r pr�visions far suhstitution.
<br /> IV�TICES. Any no�ice required to bs gi�en under �his aeed of Trus�, including withou� Eimitation any na�ice of defaul�
<br /> and any n�tic� of sal� shall be gi��n in writin�, and shall be ef�ective when actually delivered, when actually recei�ed
<br /> �y telefacsimiie {unless a�herwise required by law}, when deposited with a natianally recogni�ed oWernight�ouri�r, or, if
<br /> mailed, wh�n deposited in the lJnited 5tates mail, as first class, csrtified nr r�gis�ered mail pos�kage prepaid, direc�ed to
<br /> the addresses shown near the beginning of this Deed af Trust. All capi�s af natices o�f far�cl�sur� from the holder af
<br /> any fien whi�h has priori�y o�er this Deed of Trust shail be sen� ta Lender's address, as sl�own n�ar the beginning of
<br /> this Deed t�f Trus�, Any party may change i�s address for notices under �his Deed ❑f Trus� by gi�ing �Formaf writ�en
<br /> nvtice to the ather parties, speci�ying that the purpase af the notice is ta ch�nge the party's addre�s. ��r notice
<br /> purp�ses, Trus�ar a�rees ta lce�p Lender inform�d at all tim�s of Trustvr's �urrent address. Unless �therwis� pro�ided
<br /> or required by law, if there is more �han ❑ne Trustar, any n��ice gi�en by Lender ta any Trustor is de�med ta be no�ice
<br /> gi�en�o all Trus�ors.
<br /> MESCELLANE�IJS PR�V�Sl�NS. The foliowing miscellaneaus pra�isions are a par�of this Deed o�Trus�:
<br /> Amendments. This Deed af Trust, �ogether with any R�lated D�cumen�s, �anstitutes the en�rire understanding and
<br /> agre�ment �f the par�ies as �a �he ma��ers set f�rth in �his Deed a�Trus�. Na al�era�ian o� or amendment �o this
<br /> Deed ��Trust shall be ��fi�cti�e unless �i�en in wr��ing and signe� by the par�y or parties sought ta be �har�ed ar
<br /> hvund by the a�t�ratian or amendment.
<br /> Annual Reports. #f the Property is used for purpvses ath�r �han Trus�ar's resid�nce, Trus�or shal! �urnish to
<br /> Lender, upon r�qu�s�, a cer�ified s�a�emen�t of n�t aperating income receiWed fram the Pr�per�y during Trustar's
<br /> previous �is�al year in such f�rm and detail as Lender shall require. "N�t �perating in�ame" shall mean all cash
<br /> r��eipts fram the Prvper�y less a[I cash exp�nditures made �n �anne�tian with the operation af ti�� Praperty.
<br /> Cap�tian Headings. Capti�n headings in this Deed a�F 7rust are �far convenience purpases only and are not to be
<br /> used to �nterpre�or define the pr�Wisions of this �eed of Trus�.
<br /> Merger. Ther� shall �e no merger af the interes� ❑r es�ate creat�d �y�his aeed ❑f Trust with any ather intere�t vr
<br /> � es�ate in the Praperty �t any tim� held by or for�he bene�Fit ❑f Lend�r in any �apacity, without the written consent
<br /> of Lender.
<br /> Governing Law. This aeed af Trust wil� be gov�rned by fgderal law appl�cablg to Lender and, to the �xtent no�
<br /> pr�empted hy�ederal law,the laws af th�State of Nebraska wEthout regard#o�ts conf�icts o�law pro�isivns. This
<br /> i]eed vf Trusfi has he�n accepted by Lend�r in�he Sfiate of Nebraska.
<br /> Choice of Venue. I�f there is a �awsuit, Trustor agrees upan Lender's reques� t❑ submit ta �he jurisdiction ❑�F �he
<br /> c�urts af HALL County, State af Nebraska.
<br /> Join� and Se�reral Liability. All �bliga�ians af Trus�or under this Desd of Trust shal! be joint and sev�ral, and all
<br /> references to Trustvr shal� mean each and e�ery Trus�or. This means that ea�h Trust�r s�gning belaw is
<br /> responsible far aE1 abli�a�ions in�his D��d of Trust.
<br /> Na Vllaiver t�y Lend�r. Lender shall not be deemed ta haWe Wvaived any righ�s under this Deed of Trust unless such
<br /> wai��r is gi�en in wri�ing and sign�d by Lende�. No delay vr omission on the part ❑f Lender in �x�rcising any right
<br /> shall aperate �s a wai�er o�such ri�ht or �ny other right. A wai��r by Lend�r o�F a pravis��n of this De�d of Trust
<br /> shall not pr�judice ar consti�u�e a waiWer af Lender's right otherwise ta demand stri�� compliance with that
<br /> pro�isian ❑r any ❑thgr pro�ision of �his ❑eed of Trust. Na pri�r wai�er by Lender, nor any course af d�aling
<br /> between L�nder and Trustor, shall c�nstitute a wa�ver af any of Lender's rights ❑r of any af Trustor's ahligations
<br /> � as to any future transac�ions. 1Nhenever the �ansent Qf Lender 2s required under this Deed af Trust, the granting
<br /> oi` such cansent by Lender in any insfian�e shall not cons��i�kute c�n�tinuing cvnsenfi ta subsequent instances where
<br /> su�h consent is required and in all cases such consent may be granted ❑r withheld in the sole dis�retion o�F Lender.
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