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2� 1 ��534�
<br /> DEED �F TRU�T
<br /> �Continued� Page �
<br /> this Deed af Trust may naw or he�ea�ter be o�herwise secut�ed, whether by mortgage, deed o�f trust, pl�dge, lien,
<br /> assignment or otherwise. Nei�Ch�r the acceptance vf �his Deed o� Trust nvr 'rts enforcem�nt, whe�her by cvurt
<br /> ac�ion ar pursuant�a the pvwer ❑fi saie ar vther powers con�ained �n �his ❑eed of Trus�, shalf prejudi�e ar in any
<br /> manner a�fect Trus�ee's or Lender's r�ght to realize upvn ar enforce any other security now or hereaft�r he[d by
<br /> Trus�ee❑r Lender, i�heing agreed that Trustee and Lender, and��ch vf them, sha[l be enti�led to enfor�e this ❑eed
<br /> of Trust and any ��h�r securi�y nvv►r ❑r hereafter h�ld by Lender Qr Trustee in such �rder and manner as they ar
<br /> �ither of them may in their absolute discretian determine. Na remedy Cvn#erred upon �r reserved ta Trustee or
<br /> Lende�, is intended to be exclusi�e o�any other remedy in this ❑eed o�Trust ar by lav►r pro�ided ar permitted, �ut
<br /> each sha�� be cumulati�� an� sha11 be €n addit�on �a e�ery other remedy g€�en in this Deed o�F Trus� ot' now or
<br /> herea�t�r existing a��aw or in equity or by statute. E�ery powe�or remedy gi�en by the Nvte ar any a�the Related
<br /> D�cum�nts to Trustee ar Lender ar to which either o� them may be otherwise entitled, may he �xercised,
<br /> con�s�rrent[y or independentlya �ram t�me to �ime and as often as may h� deemed �xpedient by Truste� vr Lender,
<br /> and �ither ofi �h�m may pursue inconsistent remedi�s. Nvthing in this Deed ofi T�ust shall b� cvnstrued as
<br /> prahihiting Lender from seeking a defi�iency judgmen� against the Trustor�o the extent su�h ac�ivn is permitted by
<br /> law, E[e�tion by Lender to pursue any remedy sha�� no� exclude pursuit af any other remedy, and an ele�tion �o
<br /> make expendi�u��s ar �v �ake ac�ivn �o perfvrm an vb��gation of Trus�tar und�r �his Deed of Trust, a��t�r Trustor's
<br /> failur��v perform, shaff not affect Lender's righ�ta declare a defau€t and exercise its remedies.
<br /> Request fvr Nv�ice. Trustar, on behalf of Trus�or and Lender, hereby requests that a eopy vf any Notice vf �efault
<br /> and a copy of any NotiGe o�5aie under this �eed a�Trus�k he mailed to them at�he addresses set forth in the first
<br /> para�raph of this Deed�f Trust.
<br /> Attorn�ys' F�es; Expens�s. If Lender insti�utes any suit vr ac�ion to enfor�e any of the '�erms o� this Deed �f
<br /> Trust, Lend�r sha�[ �e en�itl�d to rec��er such sum as the cour� may adjudge reasana�[e as a�torn�ys' fiees at trial
<br /> and upon any appea[. Whether ar no� any caurt action is in�ol�ed, and �o th� exten�t no�t prahihi�ed by law, all
<br /> reas�nable expenses Lender incurs �ha� in Lende�-'s apinion are ne�essary at any �ime �or the protection of its
<br /> interest ar th� enf�rcement of its righ�s sha11 became a part of the Indebtedn�ss payable❑n demand and shall bea�
<br /> interest at�he No�e rate from the date o�f the expenditure until repaid. Expenses �o�ered by�his paragraph includ�,
<br /> withou� limi�atian, howe�er subj�ct�a any �imi�s under appli�abl� lavv, Lender's attorneys' fees and Lender's I�gal
<br /> expe€�s�s, whether or nvt there is a lawsuit, including attorneys' fees and expenses fiar bankrupt�y proceed�ngs
<br /> �including ef�orts to ma�ify or�acate any automatic stay or in�unctiony, appeals, and any anticipated past-judgment
<br /> cv�fe�tion ser��ces, �he cost o�searching records, obtaining title repor�s �in�luding for�cf�sure reports}, surveyo�s'
<br /> r�pvrts, and appraisal fees, title insuranG�, and fees for the Trustee, to �he �xtent permi��ed hy applicable �aw.
<br /> Trustar also will pay any courfi�osts, in addi�ion ta all oth�r sums pro�ided by law.
<br /> Rights v�F Trus�ee. Trustee sha�l ha�e all of the rights and dut�es of Lender as set�forth in this section.
<br /> P�WERS AND flBL1GATI0N5 �F TRUSTEE. The fallaw�ng provEsions rela�ing to the powers and vbliga�ians af Trustee
<br /> are part o�this Deed�f Trust:
<br /> Pawe�s o�Truste�. fn additivn�o al( powers af Trusfiee arising as a matter of law, Trustee�hall ha�e the power to
<br /> �ake th� follo►rving actians uvith respec�to the Property upon the written r�qu�st fl�Lender and Trusto�: �ay �oin in
<br /> preparing and �iling a map �r p{at of the Real Praperty, including the dedication o� s�r�ets or other rights to the
<br /> pub[i�; �b� join in gran��ng any easement or c�eating any restri�tion on the Real Property; and �c} join in any
<br /> subardinativn ar❑ther agreement affeG�ing this Deed v�T�ust vr the interes�❑f Lende�under�his Deed❑f Trust.
<br /> Trusfie�. Truste� shakl meefi ail qualifica�ions required f�r Trus�ee under applicable law. �n addition to the rights
<br /> and remedies set fvrth abo�e, w��th respeG� �v ali vr any part afi the Prvper�y, the Trustee sha1� have the right to
<br /> fivre�lvse by nvtice and sal�, and Lender sha�� ha�e �he right ta �vrecloss by jud��ial �oreclosure, in either case in
<br /> accvrdan�e with and ta the fufl exten�pravided hy app�i�ab�e law.
<br /> Succ�ssor Trustee. Lender, a� Lender's vpt�c�n, may firom time to time appoint a successor Trustee tv any Truste�
<br /> appoint�d under this Deed vf Trust by an �nstrument �xecu�ed and acknowiedged by �ender and recorded in �h�
<br /> o��i�e vf �he re��rder vf Ha[� County, State o� Nebraska, The ins�rument shal! contain, in additian tv ali �the�
<br /> matters required �y s�ate law, the names af the o�i�inal Lender, Trus�ee, and Trustor, �he boak and page �ar
<br /> �ompu�er sys�em reference� where this Deed of Trust is recvrded, and the name and address of the successor
<br /> trust�e, and�he �ns�trument shall be exe�u�ed and aGknowiedged by all the beneficiaries under this Deed of Trust or
<br /> thei� su�cessors in in�eres�. The successar trus��e, withou� conveyance ❑�the Property, sha�� succeed to a�l the
<br /> tit�e, pow�r, and duti�s�on�erred upon the Trustee in�his ❑eed of Trust and by ap�li�able [aw. This pr�cedure fo�
<br /> suhstitufiion of Trustee shal�ga��rn to the exclusion o�a��o�her pro�isions for subst�tut�on.
<br /> N�TICES, Any notice required ta he gi�en unde�-this ❑eed o�Trust, including withaut �imi�ation any notice of de�au�t
<br /> and any noti�e o�saie shall be gi�en in writing, and shal! be ef�ecti�� wh�n ac�ually de�ivered, when actually recei�ed
<br /> by te�efia�simile �un�ess o�herv►rise required �y�aw}, when deposited wi�h a nationally recognized o�ernight cvurie�, vr, i�
<br /> mailed, when deposi�ed in�he United S�ates mail, as �irst ciass, certified or registered ma�� pastage prepaid, directed ta
<br /> the addresses shawn n�ar�he beginning af�his Deed a�T�ust, All capies of notices Q��ore�losure �ram the holder of
<br /> any li�n which has priari�y o�er this Deed ��f Trust shall be s�nt �a Lender's addrsss, as sh�wn near �he beginn�ng o�
<br /> this ❑eed of Trust. Any party may change its address for noti�es under this De�d o� Trust I�y g��ing formal written
<br /> not�c� �o th� othe� parties, specifying that the purpvse ❑� �he natice is tv change �he party's address. For n�tice
<br /> purposes, Trus�or agrees to keep Lender in�orm�d at all times o�f Trustor's curren�address. Unless oth�rrrvise pro�ided
<br /> or requi�ed by law, i�there is m�re than one Trustvr, any nvti�e g��en by Lender�ta any Trustor is deemed to be not�ce
<br /> gi�en to all Trustors.
<br /> lUIIS�ELL�INEC3U5 PR�VISIDNS. The fallowing m�scellaneous pro�isions are a par�o�this Deed of T�ust:
<br />. Amendments. This ❑eed of Trust, together with any Related aocuments, constitutes the entire understanding and
<br /> agreement of the parti�s as to �he matters set �vrth in this Deed of Trust. N� alte�atian a��r amendmen�to th�s
<br /> Deed af Trus� shai� �e eff�ct��e unless gi�en in writing and signed �y the party or parties sought to �e charged or
<br /> bvund by the alteration or amendrr�ent. �
<br /> Annual Reports. lf �he Praper�ty is used fvr purpases other than Trusta�'s res�den�e, Trustar �hall furnish to
<br /> Lender, upon request, a certified stat�menfi af net opera�ing in�om� re�eived frvm the Praperty during Trustor's
<br /> p���ivus �iscai year in such form and detail as Lender shall require. "'Net op�rating income" sha[1 mean a�� �ash
<br /> receipts fr�m the Property�ess alf�ash�xpend�tures made in conne��ion wi�h the op�ration af�he Proper�y.
<br /> Caption Headings. Capti�n headings in this Deed af Trust are �or con�enience purposes anly and are not to be
<br /> used to interpret or define the pro�isivns o�this ❑eed a�Trust.
<br /> Merg�r. There sha�ll b� no merger of the interest o�estate crea�ed hy this ❑eed of Trust with any other interest or
<br /> estate in the Pr�perty at any tim� held by or�or the b�n�fit�f Lender in any capacity, wi�haut the written �onsen�
<br /> of Lender.
<br /> Go�erning L�w. T'h�s D�ed of Trust will be go►►erned by �ederal law applicabie �o Lender and. tv �he �xten� not
<br />� preempted by federal law,the laws�f the 5ta#e vf Neivraska withvu�regard to its cnn�licts o��aw pror►isions, This
<br /> ��ed of Trust has been accepted by L�nder in the State�f Nebraska.
<br /> Chaice of Venu�, !� th�re is a� �awsuit, Trus�or agr��s upon L�nder's request tv submit tv the jurisdi�tian vf the
<br /> c�urts vf Hall Caunty, 5tate of Nebraska.
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