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<br /> � , �9,..L_ � � � � � 90- �f03249. 46,�� � . ,. .
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<br /> • • (�).ItTrustor i�not dn indtvidu�l,the taauance,eate,transter,asslsement conveyance or ertcumbrance of more tlfan a toW � � � ` � . �
<br /> of�.percent of(if a corporation)its issusd'aad outatandin�st+ock or(if a partnership)a total oi percent af �
<br /> . partr�ership interests dur�n�the period this DeeQ ct Trust remains a lien�on the Property. , •
<br /> `�2 itNnsdi�Aa�taatlon Upon p�tn the event oi eny Event of Defauli LenEer may.without naUce dxceptas requfred
<br /> Faw.dectare ali'indebmQrteas secured hereby to be due and payab(e and the aa�ne shall thereupon become due and payab
<br /> .� without aify pre�enfiner�deman�.Protest or nuttce at eny kind.Thereafter Lender rnay: -•
<br /> . • . _ (a) Demand'that Tru;stee e�eer�ise the POYYER OF SALE grebted herein. and Ttustee shali dhereatte��attse Trust�s, � ` . .
<br /> ° , intefest in the Rropertyt to be aotd and the proCeeds ta 6e dfsUiputed.all trt the ma��her pravided in the 9Vebraska trusi Deeds •
<br /> • /►c� � . , • . .
<br /> , ,� @) Exercise sny and al!r��hb proviEed ior In any ot the Loan Instruments or by taw wpon occurrence oi any Event o1 '
<br /> � � � De�ut�and . � • . -
<br /> . . (c) Commence an acUon W forectose this Deed ot`Tru�as A ntortgage,appoint a receiver,or speCificBtly eMorce any Qf the ' �
<br /> ' , - . - cov9naab hereof. , .
<br /> fYo remedy herein conferred upon'nr reserved W Trusiee or Lqnder is i�:�.�ded to be exclus(ve of any aiher remedy herein an ihe
<br /> i � Loan Instrumants or by tew prcvided or perraitted,6ut eaCh sltali tie cs::;::,��ve,shail be in ad�ition to every other remedy 'y�"ven
<br /> . ; hereunder.in tha Loan tnatruments or now or hereafter exis�ng at law o*:--�q:�ty c*�u�tatute.and may bsexercised concurrentfy, � �
<br /> - f ' independentty or successivety . . .. - - , � � � ,
<br /> 13. TruslN.'Fhe T►ustee may�sign at any time w(thout cause,as�s�Eeader=a�.at any time and without cause appoint a �
<br /> , successorursuDstituteTrustee Trusieeshallnotbetiabtetoanyparry,i^r��:�:tiingwifli��iilirnitationLender,6orrower.Trustor�;�ny • � `
<br /> n
<br /> • � ,. purchaseroltheP�aperty,faranyloss�rda..'r,���u�itesaduetorecktess�;-wiltfutmiscoaduct,andshallnotberequiredtota�ceany� '
<br /> { . ' acdon in''conneCfion wltri the entorCemer,t�s�;is Oeed at:Trust un.es�;ndemn�ed,in writing,for all costa,compens��:s,or . , �
<br /> � , �' expenaes which may be assaciated?t;er�w:�:F7i additiori,�r�iee may tiecome a pcarchaser at arry sate of the Properly(ju��ial or � �
<br /> •� � . under the power_o!sate granted t�a.�;��;{r�one tt�e sa's�af•ap or any�oRion ag�a P�opeRy,as provided�y Iaw•or seit the . �
<br /> � Fr+opeRy aa a whole,or tn separate�ta�-z:ais.�-tots at Trus:�es discretiun. � � " � �
<br /> ! . 14. FNS and Exp�n�a.In the event Tr.:st$e setls the PropeRy by exercise ot pawer of safe,Tiustee shall be enti�ed tm app(y '
<br /> . any sate proceeds first to payment ot ap cas�s.�.�d expenses of exerctsing power ot�ale,includirsg a F Trustee's fees.and Lender's � � ��
<br /> • anQ Trustee's altomey s feas,actually inauvr�5.��xtent perrt�itted by appitcabte Iaw.tr�tfie event Bor�ower or Trustor axercfses any � � .
<br /> � , ri�ht provided by law to cure an Event ot Defau�;Lender shalt be entitled to recover irom Trustor all costs an�e�ipenses actuatty �
<br /> __? 'incurred as a�esutt of TrustoPs defauf�tncluding without a:�nitation a!(1'rust�'A_�rt�atiomey's feas,tQ the extent peamttts0 by
<br /> • { ' appiicable law. . ,
<br /> - 15. Futur�Adv�nc�t.Upon request of�ower.Lender may,a���opiion,make addttioraY and future advances and re- . •
<br /> '_ advances to Bo�rower.Such advances and reah�nces,with interest th�re�n,shail be secu�ed by tAis Deed o!Trust At no time shall �
<br /> the p�incipat amount bf the indebtedness sec4^�by this Dee�ot Trus�-not including sums advanced to protect tt�e security of thfs
<br /> �eed mf Trust,excee�ttre orlginal principat arrtount stated herain,or$ —x—x—x—x—x—x—Whtchevee is greatar_ •
<br /> � • t&. MirC�NNNOYS Provhlotfs. ' � `
<br /> � (a) Borroww Not RN�as�O.Extension of the time tor payment or modification of amortizatian of the sums secured by this `_
<br /> Deed ot Trust grar�d by Lender to any successor i�Interest of 8orrower shail not operate to retease,in any manner.the Iiabillry .�
<br /> ot the ortginaf BoROwer and Borrower's successors in interest Lender shall not tre required to comrr�ertce proceedings against �
<br /> such successot ur refuse to extend time for payment or otherwise modify amortization of the sums secured by this Deed of Trust . 'i '� :
<br /> by reason o!any demands made by the ortginal Borrower and Borrower's successors in interes� � ! .```
<br /> . (b) L�nd�P�Pow�n.Without aifecting the Ilability ot any other person liable for the payment of any obiigation herefn F.. ;�
<br /> mentioned,and without affecting the tien or charge ot this Qeed otTrust upon any paRion of the Property not then or theretotore
<br /> � reteased as securiry for the tutl amount of atl unpaid obligations,Lender may,from time to time arrd withaut notice(1)retease eny �
<br /> , � person so Ilable,(ii)extend the maturity or atter any otthe terms o1 any such obligations.(iii)grar.:ctfter indulgences,(iv)release . . -
<br /> . or recenvey,or cause to be released or reconveyed at any time at Lender's option any parcei,poRIon or alt at.the Property, •
<br /> ; (v)take ar�etease any other or additional securiry for any obligation herein mentioned, or(vi) make compositions or.other �•
<br /> ' arra:tgemenia with debtors in relation thereto. �,�
<br /> (c) Forbfsramc�by L�nd�r Not a Wstv�r.Any torbearance by Le�der in exercising any rgM or remedy hereunder,or �
<br /> otherwlse aftorded by applicabte law,shall not be a waiver ot or preciude the exercise of any such right or remedy.Tha •
<br /> ` procurement ot insurance or the payment o}taxes or other liens or charges by L�nder shatl not be a waiver a!Lender's right to
<br /> . � •accefe►ata the maturity of the indebtedness secured by thia Oeed of Trus�
<br /> (d) Succ�ssors�nd Apt�ns Bound;Joint and S�v�nl�labllity;Captbn�. The covenants and agreements herein con-
<br /> ' 1 tained shail bind,and thA rights hereunder shall inure to,the respective successors and assigns ot Lender and 5'rustor.All
<br /> � � covenants and agreements oi Trustor shatt be joini and severai.The captions and headings ef tl�e paregraphs of lhis Deed ot
<br /> T�ust are for canvenience anty and are not to be used to interpret or deline the provisions herer_'. �
<br /> • (e) R�qu�atfor Notk�s.The parties hereby request vrat a copy o}any notice of defau�t here:.�:�er and a copy ot any notice
<br /> •! ot sate hereunder be mailed ta each party to this DeeC ot Trust at the address set torth above�n tne mar.r.er presciibed by ;��
<br /> 8pplicabte law.ExCept?or 2R�c�ther notice required unaer appliCabte Iaw to be given in another*nanner,any notice provided
<br /> � for in thia Deed af trust s-�+a'��e given by mailing such noUce by ceri�fied maitaddressed to the c�her parties,at the addre�set
<br /> . , farth ebove.Any r.�;ice prav�ded for in this Deed o1 Tr�st shall be eftective upon ma+�ing in tna manner destgnated herein. II '
<br /> TrustOr Is more than one person,notiCe sont to the address set torth abova ahall be notice to all suCh persons. � , '
<br /> (Q insp�ction.Lender may make or cause to be made reasonab�e entries up�n artd inspections ot the Properry,p►ovided
<br /> � -- --�-�- that Lender ahail give Trustcr noi:Ce�prior to any-such inspecNOn specifying re—�sonable cause theretor related to-Lendei's� �� � � �
<br /> . interest in the PropeRy.
<br /> (g) R�conv�yanc�.Upon pay^�er,r ot a1;sums secured by this Deed ot Trust.lender shaii re;��est Trustee to recanvey the
<br /> Rroperty and shail surrender this Deed pf�r.u80 a0�a11 notes evtdencing indebtedness seCUred"c�this Deed o1 Trust to Trustee.
<br /> , , Trustee shall roconvey the i�rope without.N!�(er�ty and without charge to the person or pe►sons legally entitled thereio.
<br /> � TrusWr ahall pay e!1 costs ot►eco�nlpt�yifM�.��,;: •
<br /> . (h) PKtonal Proputy; 'tionsl security tor the payment ot.the Note, Trustor hereby g�ants
<br />. , Lender under the Mebraska Unitorm Commercial Code a secunry interest m an hxts�res,equ�pment.and other persona�propeny
<br /> used in connection with t�e�reaf estata or irraprovements bcated therean,and not othe►wis�d�clared or deemed to be a part ot
<br /> the real estate secured hereby.This instrument sh811 be construed as a Security Agreement under said Code,end the Lender
<br /> shall have atl the righte and remedies of a secured party under said Cods in addit�on to the rights and remod�es croated c,nder
<br /> and�ccorded the Lender pursuant to this�eed of Trust;prowded that Lende►'s►ights and remedies undet this patagraph sha0 ,___� _..
<br /> bs Cumulative with,and irt rto way a limitation o�.Lendei`s rights and remed�es undo►any othet s�cunry agresrr�ent sigrted by • , •
<br /> goriower or T�ustor.
<br /> ' • (i) LtMf�qd EnCUnl6ranCH.Trustor hereby warrants 8nd represents that there is no defau(!under th8 prov,sions o}any
<br /> --- � � mortgage.de8d ottru5t,fA8S9 Or pU�CIS�SA�6itfla�t describing�II or�ny part o1 fT�e Properfy,or othat cOntracf,inStrument or � . �
<br /> sgreement consiituting a lien or encumbrance against ali or any part ol the Pruperry(COltect�vely.°liens"►.existmg as of the ;
<br /> date of this Qeed ot Trust,and that any and atI exlsting Liens remam unmodified except�s d�sclosed to Lender Fn T►ustor's
<br /> wriften disclosure ot Hens and encumbrances p►ovided ior here�n. T��stor shait timely pEiriOrm �II ot Trustor's oDlrgaUOns. � .
<br /> , � covenantg,reprostintations$md warr�nties under any end eIf existirtg an0 tuture Lrens.shalt promplty torw�rd to Lender copres
<br /> Of nll rttltlEOS o!de(autt sent in ConneCtion wiih any and all ox�sUng pr future Ltens.and shall n�t without lender's pnar wntten
<br /> consant in arty manner mod�fy the provis�ons at or allauv any futurp adv�nces untler any ex�stmg or tuture Uens
<br /> Q) Applicat�nof P�yrttmb.Unlass otherwisQ reqwred by law,sums pa�c1 to lender hernUnder,mcludmg wrthout fimitaUon �
<br /> payments of prinsipa►�tid��t�resi,inSUre�CB proC8Bd8,condemn�t�on proCe�:tls�nt�renfs attd prbfrts_shatt�g appfied try W
<br /> Lender ta tfieaiiiounisdue nnd owing iram TEUStor and Borrowes�n such urder es�enrler�n�ts soie d�scrdt�asi cte�ms des�rab�e ,
<br /> . (k) S�v��abillty. �t any provision o!this Oeed oi Trust conthcts w�th appi�cat�l�►avr a► �s cf�c►a►ed �nvalit! or olfierwrSe ' '�"
<br /> F- �
<br /> unpntorCeablp,suCh COntl�ct or tnvatidiry shatf n�t aHecf the other prov�sons of tt��s Deetl at T�usi or the t�tote �r�h��h can o�
<br /> given�fte�t�+�thbuf tfie contficiing provision,and to this en�the provis�ons ot this E3aed o1 frust and tne Note nr�d�cia►ed to be
<br /> sevarable. .
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