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201701492
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3/8/2017 3:52:56 PM
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3/8/2017 3:52:56 PM
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DEEDS
Inst Number
201701492
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3 <br />201701492 <br />any such action or proceeding in which Beneficiary or Trustee may <br />appear. Should Trustor fail to make any payment or to do any act as <br />and in the manner provided in any of the Loan Instruments, Beneficiary <br />and /or Trustee, each in its own discretion, without obligation to do so <br />and without notice to or demand upon Trustor and without releasing <br />Trustor from any obligation, may make or do the same in such manner <br />and to such extend as either may deem necessary to protect the security <br />hereof. Trustor shall, immediately upon demand therefore by <br />Beneficiary, pay all costs and expenses incurred by Beneficiary in <br />connection with the exercise by Beneficiary of the foregoing rights, <br />including without limitation costs of evidence of title, court costs, <br />appraisals, surveys and attorneys' fees. Any such costs and expenses <br />not paid within ten (10) days of written demand shall draw interest at the <br />default rate provided in the Note. <br />5. Eminent Domain. Should the Trust Estate, or any part thereof <br />or interest therein, be taken or damaged by reason of any public <br />improvement or condemnation proceeding, or in any other manner <br />including deed in lieu of Condemnation ( "Condemnation "), or should <br />Trustor receive any notice or other information regarding such <br />proceeding, Trustor shall give prompt written notice thereof to <br />Beneficiary. Trustor shall be entitled to all compensation, awards, and <br />other payments or relief therefore, and shall be entitled at its option to <br />commence, appear in and prosecute in its own name any action or <br />proceedings. Beneficiary shall also be entitled to make any compromise <br />or settlement in connection with such taking or damage. All such <br />compensation, awards, damages, rights of action, and proceeds awarded <br />to Trustor (the "Proceeds ") are hereby assigned to Beneficiary and <br />Trustor agrees to execute such further assignments of the Proceeds as <br />Beneficiary or Trustee may require. <br />6. Appointment of Successor Trustee. Beneficiary may, from <br />time to time, by a written instrument executed and acknowledged by <br />Beneficiary, mailed to Trustor and recorded in the County in which the <br />Trust Estate is located and by otherwise complying with the provisions of <br />the applicable law of the State of Nebraska substitute a successor or <br />successors to the Trustee named herein or acting hereunder. <br />7. Successors and Assigns. This Deed of Trust applies to, inures <br />to the benefit of and binds all parties hereto, their heirs, legatees, <br />devisees, personal representatives, successors and assigns. The term <br />"Beneficiary" shall mean the owner and holder of the Note, whether or <br />not named as Beneficiary herein. <br />8. Inspections. Beneficiary, or its agents, representatives or <br />workmen, are authorized to enter at any reasonable time upon or in any <br />
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