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<br /> ; foc coaveyance in Iieu af condemnatian, ar$ assiqnsd� t4��and sha21
<br /> be paid to Bene£iciary.
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<br /> 22. TRUST�R [3�T RELEASED; FORBEAEtAN�E BY HENEFI�CIARY �NOT A
<br /> WaZVER. Extension of the time fot pa�rMent ot modzfication of . .
<br /> amo— rt ation of the sums secured by this Trust De�d- g�anted 6y �..
<br /> Beneficiary Lo an� successos in interest of Trustar : shaTl not � °
<br /> operate to release the 1 iabil fty of Trustiis or Trustor's
<br /> � suc�essors in interest. Beneficiary shall not be required to
<br /> commence proceedings against any successQr in interest or refuse • ,
<br /> to exterid. ti.cne for payment or otherwise modify amaistization of
<br /> � the sunr�..;�s��tired by this Trust Deed by reason af an�°�demand made
<br /> � hy.. th�� br�g_�i•al Ttustor vr Trustoc's successors .i� i�lt-erest. Any ;
<br /> for����ari.ce: by 8�aeficiary in axercising� any �ight or remed�r :�,;.`�..
<br /> � sha1T- nat �ti�" a waiver of or preclude the exercise of any right ar � � .�.:,,,-
<br /> � . . remedy. . ,n;�:.
<br /> .. ... .�. ;.;, �,
<br /> 13....�GOVERNING LAW. This Trust peed shall be govern�d by Ghe law � . ;;,,,;,;,,,, ,� �
<br /> of ..the State of Nebraska and, in particular, the Nebraska Trust �
<br /> D��c�s Aet, Section 76-1001 to 76-1018, �.Revised Statutes of�
<br /> ' t3ebcaska, 1943. . , .
<br /> � 14.�i I�.�OWER OF"SALE OF TRUSTEE. T�is Trust Dee�d eupressly: cor�.f�lrs;' � . ;.
<br /> � � u�on "�the Trustee a power af sai�, . tar sale of ttz�. trust p�op.erC.`Y;r .. .
<br /> . - ' ' by tbe Trustee after a breach a€ an ab��igation for� whi,rf�� t�h�'�� ; ,•. �; , �
<br /> trust prop�e�y is conveyed as serurity., In the alterna��ive,:. at;��;'' � � � :�
<br /> the �aption af the Heneficiary, th�.s ,Trust Ueed may.- be:,fo�e��.i�e�ci,-� , . � -�„'
<br /> in the mar►ner pravided by lar� for. the foreclasuxe o€� cnortgages•�oii� • ; __
<br /> reai property. In exercising the power of sale, �o� sale of the r �
<br /> ,. tcust property , the T•rus�ee shal�l comp;ly;,w���h� all of the _
<br /> . requirements of the Nebra$ka` Trust Deeds Ac,,t�. -
<br /> 15. SALE OF TRUST PR4P�RTY� BY� T�RU�TEE. [�para;�r���f f iaat ion by the '..�
<br /> Benef iciary to the Tru��ee o� a� bre�i�tv'� �of� an obligat ion �by � �� : �
<br /> � Trustor for which the trust praper�y,�;�•f�::�conveyed as security by � ''�
<br /> this Trust Deed� the Power of� Sa�e conf�rred by this Trust Deed � , ':�
<br /> , upon the Trustee shal2 be exerciEed in the manner provided ia t?�e � �
<br /> Nebr�aska Trust Deeds Act, Sections 76-1001 to 76-1018 , Revtsed . �
<br /> . Statutea of NeSrastca 1943.
<br /> ; � 16:�. DIaPOaT2ION� OF PROCEEDS OF SALE OF TRUST PROPERTY. As .,�X
<br /> ' prv�ided,,by,�,5e�t�ion��� -1 11, Recrised Statutes of Nebraska 13A3, ,,. ;'�,_
<br /> tne �rustee stiall� apply the� proceeds of the Trustee's sale, , �,r,:.
<br /> first, to��;tYt�e costs and expenses of exercisfng the Power of Sale . > ��..
<br /> and o€ th`e�' sale, including the payment of the Trustee's fees
<br /> actually ineurred not to exceed the amount which may be provided
<br /> for in the Trust� Deed, second, to payment of the obl igation "
<br /> .. ............ ......sacured.._by__the_..Trust__Deed, third, to the payment of junior trust
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<br /> deeds, mortgages or other lien holders.�� and the b�a �aiiee;--- � any; � � �- -�
<br /> � to the person or persons legally entitled to thereto. .
<br /> 17. RECONVEYANCE AY TRUSTEE. Upon written request of the '
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