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<br />89-101044
<br />d. As additional security. Truster hereby gives to and confers upon Beneficiary the right, power and authority, during the continuance
<br />Truster the right; to any default by Trurstor
<br />of these Trusts to collect the rents. issues and profits of said property. reserving unto prior
<br />in payment of any indebtedness secured hereby or in performance of any agreement hereunder, to collect and retain such rents, issues
<br />and profits as they become due and pyvable. Upon any such default, Beneficiary, may at any time without notice, either in person, by
<br />agent. of by a receiver to be appointed by. a court, and without regard to the adequacy of any security for the indebtedness hereby secured,
<br />enter upon and take possession of said property or any part thereof, in his own name sue for or otherwise collect such rents, issues and
<br />profits, including those past due and unpaid, and apply the same upon any indebtedness secured hereby, and in such order as Beneficiary
<br />may determine. The entering upon and taking possession of said property, the collection of such rents. issues and profits and the application
<br />thereof as aforesaid, shall not cure or waive any default or notice of default hereunder or invalidate any act done pursuant to such notice.
<br />5. Upon default by TnL#nr in the payment of any indebtedness secured hereby or in the performance of any agreement contained herein,
<br />all soma secured hereby shall immediately became due and payable at the option of the Beneficiary. In such event and upon written request
<br />of Beneficiary, Trustee shall sell the trust property, in accordance with the Nebraska Trust Deeds Act, at public auction to the highest
<br />bidder. Any person except Trustee may bid at Trustee's sale. Trustee shall apply the proceeds of the gale as follovis (I) to the expense
<br />of the sale, including a reasonable Trustees fee; (2) to the obligation secured by this Deed of Trust; (3i the surplus,. if ass-, shall be distributed
<br />to the persons entitled thereto.
<br />& Trustee shall deliver to the purchaser at the sale its deed, without warranty. which shall come, tom. the p -amber the interest in
<br />the property which Truster had or had the power to convey at the time of his execution of this Deed of Trzw, and wish as he may have
<br />acgdiwd thereafter. Trustee's d d shall recite the facts showing that the sale wag conducted in compliars_ w" all the requirements :
<br />of law and of this Deed of Trust, *hieh recital shall be prima facie evidence of such compliance and cocc_dusiye"wV(&_ -ace thereof in r: ,''...;;'
<br />of bona fide purchzs,--aa and encumbrancers for value.
<br />7. The power oi:,,oJ1e conferred by this Deed of Trust is not an. exclusive remedy; Beneficiary may mux�: lUs. Deed of Trust t-o be+fritedosed
<br />as a mortgage. • .
<br />5.. the event. of the death, incapacity, disability or;. res tiw ` :°'!'! Estee. B ?PPflClAry may 1PV17rIiTi i7; fi73iiitt� a SIUCCeSSOC'tnastee.
<br />amd`upon the recording of such appointment in the of the county in which this Deai Q, nxi t:.irc" vicorded, the successor
<br />trustee shall be vested with all powers of the erigirnl: satri =: The trustee is not obliged to notify of pending sale under
<br />any, ctlter Deed of Trust or of any action or pmrrxding•:a'�hich Truster, Trustee or Beneficiary. fii,idl' Poe a pasty unless such action or
<br />prooeeOag is brought by the Trustee.
<br />9.. Thais Deed cif Trust applies to, inures :6. L2 benefit ;. and is binding not only on the partir:p: :veto, bu: ?r: their heirs, devisees.
<br />legatees, administrators, executors, successors and ass4�—t '74e term Beneficiary shall mean the'61der and- +�Vma of the note secured
<br />hereby, wha °..her or not named as Beneficiary herein.
<br />10. Request -far'.Notice of Default or Notice of Sale. It _ iy zuested that a copy of ay Notice of Default or N3.aae of Sale be mailed to
<br />each person who ismamed in this Trust Dead. t' VI a mailiz address of ruin';: person as set out above.: .
<br />NOTICE TO CONSUMER: L DO'=t Simi th23 paper before you read it. 2. You are entitled to a copy
<br />of #is paper. 3. You may prepay the un;aKd balance at any time without penalty amd may be entitled
<br />to receive a refund of unearned charges in secordance with law.
<br />arr�f;�; "
<br />Signed this " " 2 day of A.D. 19 89
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<br />ST IM. OF NEBRASKA
<br />,ry
<br />Rai COUNTY
<br />4xi *fit+ 2 day of . ";larch , A.D., 19 89 ' , ore me, the underaimed, a Notary Public; duly
<br />mmnr iws ylsed and qualified for and residing in said county, personally came _+lamp_q 4_NPI son and Rose M. Nelson,
<br />husb�`' anx }fife to me known to be the identical person .S_ whose name _S-_ affixed to the foregoing
<br />instrument a " Trustor S and acknousWged the same to be_ their Vol-
<br />untary act ar.•y deed.
<br />Witness my hand and Notarial Seal t k'r day and ya= Is.
<br />11y Commission expires the g MfilAtr �ir�la -
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<br />of Febrtlary _ 1921__ �1M Tim
<br />C S`1' ATE OF
<br />1 Fs.
<br />County I
<br />Entered in Numerical Index and fated for record in the office of the Register of Deeds of said county, the �— .....
<br />day of - - - — w ._ _ . 1y , at — o clock and _.
<br />minutes — —..__ ..__ ___- M., and duly recorded in Book __. -._ -.._ . —___ of.
<br />Mortgages page
<br />Register of Deeds
<br />991 E82 99F:, — - - - -- -- - -- 134aty
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