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89102097
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Last modified
10/19/2011 11:21:15 PM
Creation date
10/20/2005 9:28:56 PM
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DEEDS
Inst Number
89102097
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F <br />16. MisceftrA ors Provisbns. 89- 102097 <br />(a) filorrower Not Relassed. Extension of the time for payment or modification of amortization of the sums secured by this <br />Deed of Trust granted by Lender to any successor in interest of Borrower shall notoperate to release, in any manner, the liability <br />of the originaf Borrower and Borrower's successors in Interest. Lender shat! not be required to commence proceedings against <br />such successor or refuse to extend time for payment or otherwise modify amortization of the sums secured by this Deed of Trust <br />by reason of any demands made by the original Borrower and Borrower's successors in Interest <br />(b) Lender's Powers. Without affecting the liability of any other person liable for the payment of any obligation herein <br />mentioned, and without affecting the lien or charge of this Deed of Trust upon any portion of the Property not then or theretofore <br />released as security for the full amount of all unpaid obligations. Lender may, from time to time and without notice (I) release any <br />person so liable. (ii) extend the maturity or after any of the terms of any such obligations, (iil grant other indulgences, (iv) release <br />or reconvey, or cause to be released or reconveyed at any time at Lenders option any parcel, portion or all of the Property. <br />(v) take or release any other or additional security for any obligation herein mentioned, or (vi) make compositions or other <br />arrangements with debtors in relation thereto. <br />(c) Forbearance by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or <br />otherwise affdrded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy. The <br />procurement of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver of Lender's right to <br />accelerate the maturity of the indebtedness secured by this Deed of Trust. <br />(d) Succppooti and. Assigns !Bound, Joint and Several LlabiNty; Captilons. The covenants and agreements herein con - <br />tained shad i Whit. and the rights hereunder shall inure to, the respective successors and assigns of Lender and-Trustor. All <br />covenants airdagreements of Trustor shall be joint and several. The captions and headings of the paragraphs of NO Deed of <br />Trust are for convenience only and are not to be used to interpret or define the provisions hereof. <br />(e) Request for Modbee. The parties hereby request that a copy of any notice of default hereunder and a copy of any notice <br />of sale hereunder be mailed to each party to this Deed of Trust at the address set forth. above in the manner prescribed by <br />applicable law. Except forany other notice required under applicable law to be given Iri another manner, any notice provided <br />for in this Deed of Trust shall be given by mailing s4ch notice by certified mail addressed to the other parties, at the address set <br />forth above. Any notice provided for. In Ibiti Deed of Trust shall be effective upon mailing Irr the manner designated herein. If <br />Trustor is more than one person, notice. sent to the address set forth above shall be notice to all such persons. <br />'(9 Inspection. Lender may make :or, cause to b& made reasonable entries upon and inspections of the Property. provided <br />that Lender shall give Trustor notice Orior to any auch inspection specifying reasonable cause therefor related to Lender's <br />infra in the Property. <br />iQe Rmico tvoyanee. Upon payment of all sums secured by this Deed of Trust, Lender shall request Trustee to reconvey the <br />Pirpa_iti•and shall surrender this Deed of Trust and all notes evidencing indebtedness secured by this Deed of Trust to Trustee. <br />riuOae shall reconvey the Property without warranty and without charge to the person or persons legally entitled thereto. <br />t hAtor shall pay all costs of recordation, if any. <br />(h) Personal ProWy.,4laecurftr Agreement. As additional security for the payment of the Note. Trustor hereby grants <br />Lender under the Nebraska u *niform Commercial -Code a security interest in all fixtures. equipment, and other personal property <br />used in connection with the real estifa or inprovernents located thereon, and not otherw se declared or deemed to bea part of <br />the real estate secured hereby. This instrument shall be construed as a Security Agreemervunder said Code, and the Lender <br />shall have all the rights and remedies of a secured ,party under said Code in addition to the mints and remedies crwtsd under <br />atyd accorded the Lender pursuant to this Deed at Trust: provided that Lender's rights and re:rredies u.+-.derthis paragraph shall <br />he ,emulative with, and in no way a limitation on, Lender's rights and remedies under any ddl.er seventy agreement signed by <br />13orrower or Trustor. <br />(i) Liens and Encumbrances. Trustor hereby warrants and represents that there is no di fa;rlt'under the provisions of any <br />mortgage. deed of trust. tease or purchase contract describing of is or any part of the Pr cfaul t, or other contract, k7sfrument or <br />agreement c nstitutmq a lien or encumbrance against all or any part of the Property �'G.de:tivety. "Liens "). existing as of the <br />date of this Caed ci Trust, and that any and all existing Liens remain unrnacbfi.ed excely. ;is disclosed to Lender In Trustor's <br />written disdrii .re of hens and encumbrances provided for herein. Trustor shall time;; I1erform all of Trustor's obligations. <br />covenants, r(Wpresentations and warranties under any and all exisiting and future Liens, skull promptly forward to Usnrter copies <br />of all ne* cry of default sent in conn6+ rsn with any and all existing or future Liens. and shall not without Lender's f r l arf written <br />consent in° any manner modify the ptuvisions of or allow any future advances under any existing or future Liens <br />0) Apptieation of Payments. Unless otherwise required by law, sums paid to Lender hereunder, inc '4h. ing with". ;imitation <br />payments of principal and interest, insurance proceeds, condemnation proceeds and rents and profn14 shall be applied by <br />Lender to the amounts due and owing from Trustor and Borrower in such order as Lender in its sole disci�:ticrt deemzx desirable. <br />(k) S4verability. If any provision of this Deed of Trust conflicts with applicable law or is declared invalid Cr 01^erwise <br />unenfor4eable, such conflict or invalidity shall not affect we ott ar provisons of this Deed of Trust or the Note kidiic;lT can be <br />given effect without the conflicting provision, and to this end this provisions of this Dead of Trust and the Note are declared to be <br />severable. <br />(1) Tema. The terms "Trustor" and " Borrowei" shall inclu -1a both singular and plural, and when the Trustor and Borrower <br />are the same person(s), those terms as used in iris Ceed rf Trust shall be interchangeable. <br />(m) Goveming Law. This Deed of Trust shah he governed the laws of the State of Nebraska. <br />Trustor has executed this Deed of Trutl.aa of the date; �rritten abo e. 9 1 <br />a r 1 L. Pena*) Trustor amela Penas),� <br />(Vernon D. Perias) Trustor (Patricia N. Penas) <br />____7 <br />r_ <br />N. <br />z <br />
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