|
89-- 10IL 754
<br />10. REMEDIES NOT EXCLUSIVE. Trustee and Beneficiary, and each of them, shall be entitled to enforce payment and perfarmance of any
<br />indebtedness or obligations secured hereby and toexercise all rights and powers under this Trust geed or under any other agreement executed
<br />in connection herewith or any laws now or hereafter in force, notwithstanding some or all of the such indebtedness and obligations secured
<br />hereby may now or hereafter- be otherwise secured, whether by mortgage, trust deed, pledge, lien, assignment or otherwise. Neither the
<br />acceptance of this Trust Deed nor its enforcement whether by court action or pursuant to the power of sale or other powers herein contained. shell
<br />prejudice or in any manner affect Trustee's or Beneticiary's right to realize upon or enforce any older security now or hereaftet held by Trustee or
<br />Beneficiary,ttbeing agreed. that Trustee and Beneficiary, and each of them, shall be entitledto enforce this Trust Deed and any other security now
<br />or hereafter field by HenaN dary or Trustee in such order and manner as they or either of them may in their absolute discretion determine. No
<br />remedy herein confetredd ai far reservedto Trustee or Beneficiary i5 intended lobe exclusive of any other remedy herein or by law provided or
<br />permitted, but each shall be zurrOative and shall he in additf an tats xiiY.. other remedy given hereunder or now or hereafter existing at law or to
<br />equity or by statute. Every p, werdr remedy provided urds 3thfisTu s^'C.7eedto Trustee or Beneficiary ortowrhict T either of them maybe otherwise
<br />!1
<br />entitled, maybe exercised. con currently or independyrn4,46H U`,re-1.0 It meand as often as maybe deemed exTredient by Trustee or Beneficiary
<br />and either of them may pursue inconslstq'nt ramedies: �Tercr. shatl be construed as prohibiting Beneficiary from seeking a deficiency
<br />jsdgment against the Trustor to the exfC! -,1'Q z actio*1 is permuted_-njs 3w
<br />c1. TRANSFER OF THE PROPERTY; ASSUMPTION. If all or z^;: part of the Properly or interest therein i-_Sold. transferred or otherwise
<br />c:a�, :Lvyed by Trustor w the:tLt:Ei,- neficiary *s prior wetter, :z'absent, exr,! ud,ng tai thecreat,on of a Icen or er.cu�br.ance subordinate fothis Trust
<br />P 4 ,lb)a transfer byoper:aiion + -,f lawuponthedeathel: yt.:Js: rN)tap ;ajorrtte s; ;r+,r ;c)thegrantotany ;a . ehotdirteresratth *ee(3)yearsor
<br />'
<br />-_ I
<br />tt=w; 'which does not confa;ai ary option to purchase, st ;T ry ti 3a.iy:.a.f; =each cf, s; :3:i greemenr. and Beneficiary may. at Eangf•eiary',: tin t_on,
<br />ririr 'areall the sums secured by this Trust Deed to beimN i trH din tirii! p3yahr ovidedju,^ -irr this Trust Deed may, a±tkrr! ,+V74r?:4; = ion.
<br />immediately due and payabrrr ; i? +1► Trust: `s s r Nitres ,huh and any interest in t' a partnership s sold or 3SSiC1i� lean
<br />. 'whatsbever, or (2► if the Trustor is a carpyt ti ;r;i and z Mar -,sfer of the majority stock ownership interest )n trhe corporation cre rs_ or ,;?e T- rustor
<br />;-, :-�6iWzialion merges in any tome with entity. Beneficiary shall have waived such op ^ +crt rc. aaccelerate if; prior 0-11.70-'sale,
<br />„`,1 •.
<br />. !r- nhsferor conveyance, Beneficiaryanw ail£ lzersontg,! 0s. omtheProperlyistobesoldortransferredr eachagre,: .rentinwritingthattnei;l-03ttof
<br />a`
<br />suchpersonssatisfactoryto8enetictaly,a aill- hattheinterestpayableonthesumssecuredbythisTrust Deed s°. altbea ; such rate asBeni?.rir:.,ary
<br />shat) request.
<br />12. ACCELERATION UPON OEFAf !;7'�+m"EMEOIES; SALE. The failure by the Trustor• to make any paymei. or'u perform any of the teyrls and
<br />cp(nddtons of this Trust Deed, or t.r :�i and conditions of the Note, or any renewals, modifications or exter iinn-sthereot• o: the failurelrstrake
<br />aymentof any other ndebte5 ^fLss p, -�3ror subsequent to this Trust Deed, and sr_turaedby this property. aril- ,iiJi3litt J } one pr more T(USIOYSShaII
<br />D;a a breach and default of this TruS1'Da:i� and the Beneficiary may declare a defaut and may declare all surr:, ii+ :reo tin ?r,, immediately due
<br />,;d payable and the same shall thereua- - Acome due and payable wil. }:out presentment. demand, protestor notice ofanibirild provided. Trustor
<br />.
<br />sralt have any statutory right to cure the f1-slault before any notice of default and demand for sale may be c O-vered to the Trustee. Thereafter.
<br />Sg7 - Ciary may deliver to Trustee a written declaration of default and demand for sale. Trustor agrees and Nit ttcy grants that the Trustee shall
<br />nnvethe power of sale o}the Propertyand d Beneftaary decides the Property is to be sold it shall deposit with Tits ,1(?e this Trust Deed and the Note
<br />or ratites and any other documan isav ;dencing expenditures secured hereby, and shall deliver to Trustee a va %itti_r1,-ottce of default and election to
<br />causethe property to be sold, and Trustee, in turn, shalt prepare a similar notice in the form required fay law. v.Wi--h shall be duly tiled for record by
<br />Trustee
<br />z
<br />(a) After the lapse ofsti6timeas may be required by law following the recordation of Notice ofDefault .,.nd Notice of Default and Notice
<br />of Sate having been given as required by law, Trustee, without demand on Trustor• shall sell the Prcuetly, if not redeemed, in one or
<br />`
<br />more parcels and to such order as Trustee may determine on the date and the Irme and place design aled in said Notice of Sale. al
<br />public auction according to law.
<br />(b) VVt-. rnrrus tee set ispursuant10 the powersherein. TrusteeshaIIappfyIhe pro ceedsofIhes ale topa3yrr ,.enfr,Y4hecirnt3andex pen ses
<br />at exercising the power of sale and of the sale, including, without limitation, attorney s fees and'.tlle I'mvi>,eni of Trustee s Fees
<br />`.
<br />incurred. whichTrustee's Fees shall not inthe aggregate exceed the following amounts based upatiihn iliv.ount secured hereby and
<br />remaining unpaid atihe time scheduled forsale 5 percenturn on the balance thereof, and then folilil i1ollis in subparagraph (c) in the
<br />order there stated
<br />(c) After paying the items sp ;:,: ;,< -: J to subparagraph (b), if the sale is by Trustee. or if the sale 1s pdr,titIVt to judicial foreclosure. the
<br />proceeds of safe s.N „ to applied in the following order -
<br />(1) Cost of any evidence of title procured in connection with such sale and of any revenue transfer f a required to be paid
<br />12) All abligations secured by this Trust Heed.
<br />(3)Juninc trust deeds. mortgages. or otherhenholders.
<br />(4) Thu remainder. if any. to the person legally entitled lherelo
<br />C'J APPOINTMENT OF SUCCESSOR TRUSTEE. Bru fill tte• ary may. from li me to.lhne, by a written rrlstIun•tfinI execuled and acknowledged by
<br />Unilet,clary mailed to Trustor and recorded in the rounty,t;r t;ounlies in which the Properly is located aniMay otherwise complying with the
<br />provisions of the applicable taws oflhe State ofNebraskaa ,ubstituteasuccessor wsiccesswatt;Ihe Trustee named herein or acting hereunder
<br />14 1NSPE C'TIONS. Beneficia ry, or its agents, re presentalives of employees. are authorized iu Cnter at any reasonable time upon or to any part
<br />lit (hri Property (or the put pose a f inspecting the sa me attd tot the purpose of pe i lot nting an y of the acts tt is aktthnrized to perform under the terms
<br />of the Trust Deec,
<br />IS OPTIONTO, FORECLOSURE. Upon,the occutience of any bf each and upon the declarallonof delaull hereunder Benef,c,ar)p shall Have trio
<br />.
<br />option to toroclose this Trust Deed in the man rer provided by law -for the foreclosure of mortgages on teat properly
<br />,
<br />16 FOREBEARANCEBY BENEFICIARVORTRUSTEE NOVA WAIVER. Any Iorebearanceby Beneficiary or Trustee in exercising any r:ght(+r
<br />ieinedy here under. orotherwise afforded byapph cable Iaw shall not be a waive rotor preclude the exercise of any such right ortemedy bkew� ;e
<br />file waiver by Beneficiary or Trustee of any defau'tol Trustor under this Trust Deed snail r. ,t be deemed to Ge ,, t +a,.er of :rny ;.tr,e ur
<br />defaults subsequently occurring
<br />17 BENEFICIARY'S POWERS, Without affect:rg or releasing the r,anttiry of the Trustor or any other persz)n i ab!e for me Gayrnenr of am
<br />obligation he Fein mentioned, arid without aftec't,nglho lion or charge otYh,iTrusf Deed upon any port,ono! the Properly Benefciary ma.i `•rcm
<br />time totimeandwithoutvot• ceat the request o 'oneor more Trusters hi telease any person liable. (it,extendorrenew the maturitywa:ta•ar,,-.'
<br />the terms o` any such obf,gvttons ;in), gran! other ,ndt.tgerces. (,r) refeasf o• reconvey- at cause to be-re, eased or fecory_'ye'i at any t'•rre a'
<br />genef -ciaiv s ool:on any oaf cel cir 2!i of the Trine: ty 1v: take rtr rpirtago any nthtrt lit avtrhttrinat car,,:,ty fn- ntny nhhwhin harn.n manfcnr.. n i
<br />make Sett en:enl9 9r UtIner rra ^ge T iris with Tr,usiof in rE:'a':on hereto All Trustors Sha.l ht, IUintly ar.d ;e.era -V r yi +tilt it 11
<br />ect un; 6'Me Beneficiary ,.- aa-t ore or more Trustor as stated ,n this paragfaph
<br />t ATTORNEY FEES,CGSTS AND EXPENSES 'rte Seref.ciary of tns trust U +ren ; er; t E9 a t ^e prtyTOnt �r ,air •tr, ; :, •, . h .1r ..
<br />oar pr•nv,f 5 0-5 pr v tied ,e I' •? Tt u5: Due-, _xcC-pt asotr-ery,se prohtb,ted by 1�aw
<br />r RECOkVEYANCE by TRUSTEE. ,lot ;r. �v r:nert revue >t or 8rret:r•at; iir<f .,p:;t: „a.,,,,_. • ,,; -r;,y , ,.! ?,.,... ...- T,,
<br />.nflC. T•:,r.'r.r .. ;.._:- s,.5, -11 C., gip.. 6,.,C it ect-T! Ihhrn,r3 r r - n . uta •r fir,' .,,,.,
<br />ga y C!1 w'1!' iLt 83 '3 ly a ^1.. .�L -p }.r_1; , IrP” -•,, ,.' -
<br />•.vC' f<aC Lh.l C(' LL. ^• .,.::i• ; :i: •f -. , .t:" .if , .. , , r ,.. y. �.,,. ., , . +:•, .,, ,. Ji.�..- r tr ,
<br />r
<br />r,, ;,:. f ,: �,. ,.. .. L.r,r i': ,;,1 `.''_,'(, il:f .(gr.pr e�1°, rltEt`.G
<br />1•
<br />
|