201700735 - Laserfiche WebLink

Browse

2� 17��735 : accordar�ce with the terms of the Initial Cred�t Agreement, and upan such declaratior�, a�� �bli�at�ons shall becorne due and pa�able immediately. Sect�on 5.�3. Remedies of the B�neficiary. If ane ar m�re Events of Defau�t sha�l occur and�e continu�ng,t�e Benefrciary[personally ar by attorr�ey�, in its discretian,may: �A) take �mmediate possess�on af the Trust Estate, co�lect and receive a11 �redits, outstand�ng acc�urzts arzd b�iis recei�able of the �rantor ar�d alI rents, incame, revenues, prof�ts and proceeds per�aining to ar ar�sing fra� the Trust Estate, or an� par� thereof, v��ether then past due �r accruzng th�reafter, and �ssue b�r�ding rece�pts t�erefory and manage, cantrol and ❑perat� the Trust Estate as ful�y as the Grantar mig�t da if ir� possession thereof, includir��, vvxthout ��mitat�on,the mak�ng of al�repairs or rep�aceme�.ts deemed necessary or adv�sab�e; �B� pro�eed to protect and enf�rce the ri�hts of the Grantor and the ri�hts of the Benef�ciary by suits or actio�s �n equ�ty or at �a�v �n any cour� or �our�s af competent juri�dict�on,vvhether for specif�c performar�ce of any co�enant ar any agreement contained�erein or in any of the �redit A�reemer�ts or ir� a�d of the execut�on �f any pawer herern granted or for the foreclosure here�f ar hereunder or for the sale of the Trust Estate, or any par� thereof, or ta collect the deb�s hereby secured or for the enforcement of such other or additiona� appropriate Iega� or equitable remedi�s as may be deem�.ed necessary or advisable to pratect and enforce the rights and renledies here�n gra�.t�d or conferred, and in the event of the institut�on af any such act�arz or suit, the Ben�ficiar�shal�have th�rxght to ha�e app�xnted a rec�iv�r❑f t�.e Trust Estate and of all rents, ir�come, revenues, profits ar�d proceed� per�air��ng theret� ar arising therefrorr�, vvh�ther then past due or a�cruing after the appa�r�tmer�t of such recei�rer, der�v�d, received or had frorn th� tim.e ❑f the cammencement af such suit ar action, and suc� rece��er sha�1 have aI1 the usual pawers ar�d duties of rece�v�rs �n I�ke and simxlar cases, to the fullest e�t�nt permitted 'W ;:: �:: by ia�v, and �f app��cat�o� shal� be made for the appaintment of a rece�ver, the �rantor hereby e�pressiy conser�ts that the caur� to wh�� such app��cation sha�� be made may make sa�d appointment e� ar�e; and ::: ��} subject t� co�npliance �vit�the Nebraska Trust Deeds Act [Nebraska Rev. Stat. 7�--1�D1, et seq.), authorize and empo�ver Trustee to fix the day, time, and p�ace of sa1e, to se��the Trust Estate and all estate, righ�, t�tle and �nterest, c�aim and dernand there�n, and right of `� redernptian ther�of, at one or more sales as ar� entirety ar ir� parcels; said sale to be by publ�c =: outcry to the �ighest bidder far cash or cash equivale�nt pursua�.t to the pov�rer af sale granted in �- the Irl�ebraska Trust I�eeds A�t �Nebraska Rev. Stat. 7�-I��l, et seq.�. Beneficiary may bid at 5:: said sa�e and purchase sa�d Trust Estate, or any part thereof, as th� h�ghest bidder therefor. At the for�c�osure sale the Trust Estate ma�be offered for sa�e and so�d i�. ar�y other n�.anne�Trustee may elect. The Trustee shall have ful� power ta canduct any sale throu�h an a�ent appo�nted b� the Trustee for t�e purpose,but said appointment �f agent need nat be recarded. Sectx�n 5.�4. App�i�at�on of ProCe�ds from Remedxal A�t�ons. Ar�y proceeds or ; �: funds aris�ng frarn the exercise of any rights or the ��nf�rcement of a�y remed�es here�n provided ;: ::: aft�r the paymer�t ar pro�is�on for the payment of any and all costs and exper�ses in connection