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201603755
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Last modified
7/3/2017 5:40:20 PM
Creation date
6/17/2016 4:09:49 PM
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DEEDS
Inst Number
201603755
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have the option to foreclose this Deed of Trust in the manner provided by law for the foreclosure of <br />mortgages on real property. <br />SIXTH. Trustor specifically agrees that (a) Trustor, at its expense, will execute and deliver <br />to Beneficiary, promptly upon request, such security instruments as may be required by Beneficiary, <br />in a form and substance satisfactory to Beneficiary, covering any of the Property conveyed by this <br />Deed of Trust which security instruments shall be additional security for Trustor's faithful <br />performance of all of the terms, covenants and conditions of this Deed of Trust, the Note and <br />indebtedness secured hereby, and any other security instruments executed in connection with the <br />indebtedness secured by this Deed of Trust; and all such instruments shall be filed and recorded at <br />Trustor's expense; (b) Beneficiary may, from time to time, by written instrument executed and <br />acknowledged by Beneficiary, mailed to Trustor and recorded in the county or counties in which the <br />Property is located and by otherwise complying with the provisions of the applicable laws of the <br />State of Nebraska, substitute a successor or successors to the Trustee named herein or acting <br />hereunder; (c) although the Trustee, or Trustee's successor or successors, may be an agent of, or <br />attorney for, or otherwise connected with the Beneficiary, such fact shall not be construed to <br />disqualify Trustee to act as such Trustee, nor shall such fact prevent the Trustee or Beneficiary from <br />bidding at a sale and buying any part or all of the Property at any sale hereunder; (d) that if it should <br />be necessary or appropriate for the protection of the security hereby conveyed or enforcement of the <br />debt hereby secured, for the Trustee or the Beneficiary to institute or become a party to any <br />proceeding or suit in a court of bankruptcy or probate or other court of general or limited <br />jurisdiction, all expenses and costs properly incurred by said Trustee or said Beneficiary (including <br />reasonable attomeys' fees) paid or incurred by such Trustee or Beneficiary in maintaining, <br />prosecuting or defending such proceeding or protecting their respective rights hereunder shall be an <br />additional debt secured by this Deed of Trust in like manner with the principal debt herein <br />described; (e) Beneficiary, or its agents, representatives or workmen, are authorized to enter at any <br />reasonable time upon or in any part of the Property for the purpose of inspecting the, same and for <br />the purpose of performing any of the acts it is authorized to perform under the terms of this Deed of <br />Trust; (f) any forbearance by Beneficiary or Trustee in exercising any right or remedy hereunder, or <br />otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such <br />right or remedy hereunder; similarly, the waiver by Beneficiary or Trustee of any default of Trustor <br />under this Deed of Trust shall not be deemed a waiver of any other or similar defaults subsequently <br />occurring; (g) extension of the time for payment or modification or amortization of the sums <br />secured by this Deed of Trust granted by Beneficiary to any successor in interest of Trustor shall not <br />operate to release, in any manner the liability of the original Trustor and Trustor's successor in <br />interest. Beneficiary shall not be required to commence proceedings against such successor or <br />refuse to extend the time for payment or otherwise modify amortization of the sums and <br />indebtedness secured by this Deed of Trust by reason of any demand made by the original Trustor <br />and Trustor's successors in interest; (h) without affecting the liability of the Trustor or any other <br />person liable for the payment of the obligations and indebtedness secured by this Deed of Trust, and <br />without affecting the lien or charge of this Deed of Trust upon any portion of the Property not then <br />or theretofore released as security for the full amount of all unpaid obligations, Beneficiary may, <br />from time to time and without notice (i) release any person so liable, (ii) extend the maturity or alter <br />any of the terms of such obligation, (iii) grant other indulgences, (iv) release or reconvey, or cause <br />to be released or reconveyed at any time at Beneficiary's option any parcel, portion or all of the <br />Property, (v) take or release any other or additional security for any obligation or indebtedness <br />herein mentioned, or (vi) make compositions or other arrangements with debtors in relation thereto; <br />(i) in addition to the rights and powers given to the Trustee and Beneficiary herein, the Beneficiary <br />shall have all such other rights both in law and equity for collection of the indebtedness secured <br />hereby as it would have but for this Deed of Trust; (j) all covenants and agreements of Trustor set <br />forth in this Deed of Trust shall be joint and several; (k) this Deed of Trust shall be governed by the <br />laws of the State of Nebraska; (1) in the event any one or more of the provisions contained in this <br />201603755 <br />
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