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<br /> 10.REYEb1ES NOS Q(CLU8tVE.Trustee ane Beneticiary,and each of them,shatl be entittad to en}orce payment and pertarmance ot any ,
<br /> .indebtednessorphligationssecuredherebyandtoexercisealtoightsartdpawersundartl►isTrostDeeOorunderanyotheragresmentexecuted . ,
<br /> , �� � in conneckon herowith or any lawa now or l�ernaRer in force,noi�ithgtarEding some or au ot the sucA indebtedness aad ohiigations secured � �
<br /> - � - � �[riQreby may now or hpreaftet fle atherwise secure4.'wrtether by r►�ortgaqe,trust QeeA,ptedge,iterr,assignnteat ar athenKise.Neifher the -
<br /> ' acseptartcpofthisT�u�tQeed�eoritseatorcementwh�tRerb3rcourtactiono�pursuaalto',th�powerofsalearotherpdwershereiacontained.si�al! . , -
<br /> � j� preiudEcenrinanymannera�tectTrustee'ser8ertetieEary`srighttOrel�Iiia�ppnarenforceanyolhersecurftynoworhereafterhetdbyTrusteeor . �
<br /> , 4 Beneticiar�,itbeingagrpedtftattrnstesandBene�iciary.andqGhafthqm:ttt�!!�eAtilledfoenforcethisTrusiOeedandanyothersecunrynow •
<br /> .r i or heresfte�held by Beneficiary m Trustee in suctt'afde'r 8�nd m�rtne7 as�t}iey arbitherof trtem may in their absofute disc�etinn determine.No • .
<br /> . � remedyh��ei o f ��u ssotr�wrve Trusteeos8eneficiaryisintertdedtabeexclusiveatanyotherremedyhereinorbytawprovidedor
<br /> � perm[tt sAalf be irt adtlition to every ot�er remedy given hereunder or now or hereafter existing at law or in �
<br /> � i equity ed�rprovidedund$►thisTrustDeedtoTrusteeorBeneticiaryortowhicheitherofthemmaybeotherwise
<br /> � .`��� entittt � �� � independe�r�'�,fromtimetotimean�a$�ftenasmay�edee�nedexpedienttiyTrusteeorBeneticiacy
<br /> • t a�-sf eit �m:m �nc0 s stent remediess�a��hong herein shaH be r�t�''�aed�as prctubiting Heneficiary irom seeking a deficiency ..
<br /> --__� �- _ ----�i3ment agaii�st ihaTrustac tn_ihe extent such actiar�s,oermitted bY taw.� — --, �. -: •--_ -- -- --- - - _— -_ _-— - --—
<br /> ���•�: � i1.TRANSFER OF TH�PROPERTYt;ASSUMPTtOlM.If all or any.part ot the�Property�:°:�.'2reSt tbe�ein,is sold,transferred or otherwise . '
<br /> `�� �., conveysd bg Trustar withpst Beneficiarg;s�rior wririen cansent.E�l:�ding(a�the creation�c`.e!:�n or encumbrance suborGinate to this Trust, ,
<br /> •��� `• 'pee�,�b►etransferbyope�ationoftawu�rttfiedeathotaTrus�or���sajainttenanfor(c)the�anietanyleasehotdinterestolthree(3Jyearsor ' • , '�.,�
<br /> . � � L'�s which does not contai�.ar�i aAtiea L3:�urchase,such act;on is a breach of this agreement,aad Beneticiary may,at 8eneficiary's option, • ,
<br /> , i � . �ectareattthesumssecure���fN�;sTrust�$edtoGeimmediate(yduean�payable.provided.Wrther,thisTrusiDeedmay,at8eneficiary'soption, ` , '
<br /> ; be declaret!immediately Ou�'an0 paya$:i�,if r1)Trustor is a�partnership and any interest in the partnership is sold or assign�d by any means ; • `
<br /> , whatsoever,or S2)if the T4ustor is a cor�a!�,lion and a banster of lhe majority stock ownership interest in the corporation nccurs,or ihe Trustor .
<br /> , i',;;;� corporation merges in any torm with anot�A�corporation or entiry.Beneficiary shatt have waived sucA option to acceterate if,prior to the sate. ,
<br /> transter or convey8nce,Qenef iciary and tlie person t0 wham the Property is to be sold ortransferred reach agreetnent in writing that the credit of
<br /> ! suchparsonissatisfactorSrtaBeneticiaryanQthattheirtterestpayabteortthesomssecuredbythisTrustQeedshaltbeatsuchrateasBerretic�ry ��'�
<br /> i shall request. ' � .
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<br /> • � . 12.ACCELERATION UPOH QEfAU1.T:REMEOtES;SALE.7he failure bythe Trustor,to make any payment or to pedorm any ot the terms and
<br /> ' i canditionsotthisTrustOeed,orlhetermsandconditionsoitheNote,oranyrenewals,modificationsorextensionsthereof,orthetailuretomake , •
<br /> � paymentofanyotAerindebtedness,priorprsubsequenttothisTrusiDeed.andsecuredbythisproperty,arth�CeatfiofoneormoreTrustorsshall •
<br /> � �. +6e a breach anq default of th�s Truat Deed an�the Bene'iciary may declare a detault and may declare all suTS secured hereby immediatety due . , �
<br /> rind payable aqd the same��ShCtthereupon become due and payable without prese:r�ent,demand,protest a r-i:�ice of any kind,provided,Trustoi
<br /> • � shall have any statutory rig`:4 t�c�re the delautt before any aotice ot detault and ct�:nand tor sale may be ae�iuered to the Trustee.Thereafter, , �.
<br /> ;�.'i 8eneficiary may deliver to Trustee�a written decla�ation of defaulE and demand for safe.Trusta'r agrees and hereby grants that the Trustee shall �.
<br /> • � havethepowerpisaleofthePropertya���.'tHeneficiarydecidesthePcopertyisto�e§ptOitsha�feepositwithTrusteeth�sTruslOeedandthelVote , ... .
<br /> �•�'.'' � �ornotesandanyotherdocumernsevidencingexpendituressecuredhereby,and�h��'.•dstivertaTrusteeawrittennotic9otdefaultandetectionto ' �
<br /> ,� causelhspropeitytobesold,andTrustee.inlurn.sha�lprepareasimitarnoticein"��ormrequ�reAbylaw,whichshatlbetlulyf�ledtOrre.�rdby � ?- =�
<br /> } Trustee. . � "
<br /> ., .
<br /> ' � (a) • qfterthelapseofsuchtimeasm.a�berequiredbylawfollowingtherecordationofNoticeolDetauU,andNoticeofDefaultandNotice •
<br /> ; � of Sate having heen given as�e�s�s�.red by law.Trustee,without demand on Trustor,shall sell the Property,it nnt redeemed.in one or '
<br /> � more pa�cets and in such order as Trustee r�3y determine on the date and the time and place designated�h said Notice of Sate,at
<br /> . ` , Dublic auct►on according to Iaw.
<br /> ' # �bj WhenTcusteesellspu�suanttothepowersherein.Trusteeshatlapplytheproceedsofthesaletopaymentotthecostsandexpenses _
<br /> � � of exercising the power of sat��nd o1 the safe,inctuding,without limitat�on,attorney's fees and the payment af Tr�sstee's Fees
<br /> , �• � incurred,w,`�iehTrustee'sFeels;tiallnotintheaggcegateexceedtheioltowingamountsbasedupontheamountsecuredherebyar�� � . •
<br /> � remainingunpaidatthetimesCheduledforsale:5perCentumonthebatancethereoi;andthentotheitemsinsubparagraph�c)inthe ,
<br /> ' drdbr there stated.
<br /> � {c) After paying ihe items specified:n subparagraph(b►,it tho sale is by Trustee,or if tho sale is pursuam to jud�cial foreclosure,the �
<br /> ! prqceeds ol sale ahau b8 app`:_4 sn the toltowing order: � �
<br /> ,•� � . • .
<br /> � • (/�Cost o1 any evi0ence o1 t�t1s procured in connection with such sale and ot any rev�enue transfer fee required tv be pa�d: .
<br /> ' �2)All ob�igations:a�ured by thls Trust De��
<br /> i .�i
<br /> � � (3)Junior trust deewa.mortgages,or oi�e*��.�h0lders. , , '
<br /> • � (4�the remainder,it any,to t�:e�erson�a�ally entitled thereto.� � �^
<br /> � , 13.APPOIHTMENT OF St1CCESSORTRUSTEE.8enet�ciary may,from t�me to t�me,oy a n�•°en�nstrumvnt oxecuted and acknow�ed�ed by � ' ' ,
<br /> ; 8enetici8ry,mailed to TruS*��and recorded in Ihe County or countios in which 1he proporty is IoCated and by othprwise comply,rr, c� th the �
<br /> ' provisionsoltheapplicabte a�vsoftheSteteotNabras�xasubstitutea&uccessoror,.��essorslolhoTrustoenamedheroino�aclmghe:eundor
<br /> • � .
<br /> , � 14.IN8AECTIONS.8onelic�ary,orits�;����nls.rupresectativesoromployeos.aroautkss�ze�3taenteratanyreasonab�ed�i^^euponorinanyparl � - - •
<br /> _ _ of the Property lor the purpose of ins�sc'�^CShe same a-!r'c:±ne�::j�oso ot performing a�.y vf��e acts it is authonzed to�c:�;,rm undor tho torms
<br /> : � ol lhe Trust 08ed. �
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<br /> � 15.OpTtONTOFORECL�SVRE.UponlheaccurrG-.�oofanybroachanduponthcCectarat�onoldefeu��,•:reundor.8enel�c�arysha��a�elho
<br /> ! oplion to toreclose Ih�s Tr�s:iseed�»the manner providod Dy law tor.tho torecl�sure oI martgagos on real property
<br /> � .
<br /> � 16.FOREBEApANCE9Y8ENEFIClAf1YORTRUSTEENOTAWAIVER.Anyfotebe�rante�#8enef�ciarybrTrusteemexerc�smganynghtor •
<br /> ! remedy hereundsr,or otherwiseaHorded by applicab►e 1aw,Sh�ll not bo a wa�ver ol o►preClude Ihe exerc�so of any Such nght or remecfy t.�kew�so, �
<br /> the waiver by 8eneticiary or Trustee o1 any detault of Trustor untler this trust Oevd shall not be deemed to be a wa�ver o!any other or s�m�lar
<br /> • deiaults subsepuently occurnng. ,
<br /> 17. DENEFICIApY'S POWERS.Without aitecting ot releasing Ihe li�b�l�ly of Ihe Trustor or any other person I�able for the paymenl ol any ;
<br /> bbbgatian herem Mentioned,end without atfoCt�ng thv hen or Charge ot this Trust Deed upon any porUOn of the Ptoperty.8enohc�ary may,irorn
<br /> timotohmo andwithoutnotice atthe request otone or moreTrusto�s.(U rdleaso any persnn habte.�nf e�tend or renowlha matunry�r aiter z�ny of � �
<br /> _ ,,.. , the terms of any such o61�qaLons.ZiiiJ grant nihe�indulgences.(iv)�etease or reconve,y.ar cause tn he roteas�td or roc�nveged at ang ume.a► i
<br /> 88net�c�ary's opt�on any p8rcel or all ot the Properly,�v)take or retease any other o�add�t�onal secur�ty Ibr any obbgat�on herem ment�nned.(v�i •
<br /> : make setltAtrleMS or tither an8ngements with Trustor in relatrpn th8r�to All Trustors sha�l be jofntly and severa(ly obligated and bound by Ihe
<br /> actrons ot the gorteficiary or any ano or more Trusto►as statod��►•th�s paragraph , ' '
<br /> L 1 B AITONN�Y�FEES.COSTS ANO EXPElVSES.The�onCliC�ary U11his T�ust Ueed is ent�lled Iv the payment of attorney s fees cvsts and
<br /> o�pnnsos c�s providad�n Ih3s T�ust Oood,o�c8pf�s otlforwist�prohib�tod by�aw
<br /> ' 19 RECOHYEYANCE BY TRtJSTEE.Upbn wn�fen rQq�epst ot �EnP1�c�a�y <ind upv�� �ay�nEnt by Irust�� nf Truste�s tees 7rustee s����u . ��(Q�
<br /> � . - retonveytt�Ttustot.urthep�r5anorpetsanstagaltyenbtledlhereto.vnthoutv�arranly.�rynypt�rt:c�ticrtttiePrt�;icrtyl��(rnt�erc�r,c��eu���s��� k(•c�tti�s��+ jtd
<br /> SllE��►CCU�VQj►ch-I1CQ Of at�jl fi�71tOt5 Of�tlCfS Sh�l1 6@CflflCltISIYB Q(UOf G�1-Fl��[ruti�fulness ih��rtu�. �fiE yr.intE�e in<iny rF�pr.it�y,7nGt� rT�a,� S�E.- ,-� �3R.
<br /> dascnbnd as the parson or persons tegalty enUftetf therotu r.> -�`
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