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<br />4. As additional security, Trustor hereby gives to and confers upon Beneficiary the right, power and authority, during the continuance of
<br />these Trusts to collect the rents, issues and profits of said property, reserving unto Trustor the right, prior to any default by Trustor in payment
<br />of any indebtedness secured hereby or in performance of any agreement hereunder, to collect and retain such rents, issues and profits as they
<br />become due and payable. Upon any such default, Beneficiary may at any time without notice, either in person, by agent, or by a receiver to be
<br />appointed by a court, and without regard to the adequacy of any security for the indebtedness hereby secured, enter upon and take possession
<br />of said property or any part thereof, in his own name sue for or otherwise collect such rents, issues and profits, including those past due and
<br />unpaid, and apply the same upon any indebtedness secured hereby, and in such order as Beneficiary may determine. The entering upon and
<br />taking possession of said property, the collection of such rents, issues and profits and the application thereof as aforesaid, shall not cure or
<br />waive any default or notice of default hereunder or invalidate any act done pursuant to such notice.
<br />5. Upon default by Trustor in the payment of any indebtedness secured hereby or in the performance of any agreement contained herein,
<br />all sums secured hereby shall immediately become due and payable at the option of the Beneficiary. In such event and upon written request of
<br />Beneficiary, Trustee shall sell the trust property, in accordance with the Nebraska Trust Deeds Act, at public auction to the highest bidder.
<br />Any person except Trustee may bid at Trustee's sale. Trustee shall apply the proceeds of the sale as follows: (1) to the expense of the sale,
<br />including a reasonable Trustee's fee; (2) to the obligation secured by this Deed of Trust; (3) the surplus, if any, shall be distributed to the
<br />persons entitled thereto.
<br />6. Trustee shall deliver to the purchaser at the sale its deed, without warranty, which shall convey to the purchaser the interest in the
<br />property which Trustor had or had the power to convey at the time of his execution of this Deed of Trust, and such as he may have acquired
<br />thereafter. Trustee's deed shall recite the facts showing that the sale was conducted in compliance with all the requirements of law and of this
<br />Deed of Trust, which recital shall be prima facie evidence of such compliance and conclusive evidence thereof in favor of bona fide
<br />purchasers and encumbrances for value.
<br />7. The power of sale conferred by this Deed of Trust is not an exclusive remedy; Beneficiary may cause this Deed of Trust to be
<br />foreclosed as a mortgage.
<br />8. In the event of the death, incapacity, disability or resignation of Trustee, Beneficiary may appoint in writing a successor trustee, and
<br />upon the recording of such appointment in the mortgage records of the county in which this Deed of Trust is recorded, the successor trustee
<br />shall be vested with all powers of the original trustee. The trustee is not obliged to notify any party hereto of pending sale under any other
<br />Deed of Trust or of any action or proceeding in which Trustor, Trustee or Beneficiary shall be a party unless such action or proceeding is
<br />brought by the Trustee.
<br />9. This Deed of Trust applies to, inures to the benefit of, and is binding not only on the parties hereto, but on their heirs, devisees,
<br />legatees, administrators, executors, successors and assigns. The term Beneficiary shall mean the holder and owner of the note secured hereby,
<br />whether or not named as Beneficiary herein.
<br />10. Request for Notice of Default or Notice of Sale. It is requested that a copy of any Notice of Default or Notice of Sale be mailed to
<br />each person who is named in this Trust Deed at the mailing address of such person as set out above.
<br />NOTICE TO CONSUMER. 1. Do not sign this paper before you read it. 2. You are entitled to a
<br />copy of this paper. 3. You may prepay the unpaid balance at any time without penalty and may be
<br />entitled to receive a refund of unearned charges in accordance with law.
<br />Signed this 21st day of AUGUST , A.D. 2000
<br />STATE OF NEBRASKA )
<br />) ss.
<br />HALL COUNTY)
<br />On this 21st day of AUGUST , A.D. 2000 , before me, the undersigned, a Notary Public, duly
<br />commissioned and qualified for and residing in said county, personally came WILLIAM E. AND MARLA L. SLATTER.HUSBAND
<br />WIFE AS JOINT TENANTS to me known to be the identical person S whose name S affixed to the foregoing instrument
<br />as Trustor S and acknowledged the same to be THEIR
<br />voluntary act and deed.
<br />Witness my hand and Notarial Seal the day ear last above written.
<br />My Co issi 11�119bi M Ml�
<br />of ill EL 1W'j*1tFW
<br />STATE OF NEBRASKA )
<br />) ss.
<br />HALL COUNTY)
<br />Public
<br />Entered in Numerical Index and filed for record in the office of the Register of Deeds of said county, the
<br />day of
<br />and duly recorded in Book of
<br />NE- 991 -0700
<br />Mortgages page
<br />, at
<br />o'clock and minutes M.,
<br />Register of Deeds
<br />
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