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<br />4. As additional security, Trustor hereby gh—es to and uavics upon Beneficiary the right, pov•er and authority, during the continuance
<br />of these Trusts to collect the rents, issues nnd,prefita of t3 '. ypeerty. reserving unto Trustor the right, prior to any default by Trustor
<br />in payment of any indebtedness. tecuriA beret or in get' , i,Yr: cf any. agreement hereundef..to r+llect and retain such rents, issues
<br />and profits as they. becomes due: and' payable -JI- pon anv at liae&iary may at any :late w,;bout notice, either in person, by
<br />agent, or by a receiver. to bo:�appoiusf�vi liy.a:t du> zu'd soit>s!e $[ � +i the adequacy of a-uy sesnrity i the indebtedness hereby secured,
<br />enter. a and take poarssston gf:rgirE,lt ''.: i a er j pat ttkmf, in his own name sue for or otherwise collect such rents, issues and
<br />pw&.s, i=luding those past due :earl -' , " r ti : apply the ensue upon any indebtedness secured hereby, and in such order as Beneficiary
<br />may dete^rniae_ The entering upon' tai fipvsression 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 oi• invaiida%b any act done pursuant to such notice.
<br />5. Upon default by Trwtor in the payment of any indebtedness secured hereby or in the perforinuzzim of any agreement contained herein,
<br />all aura secured hereby shall immediately become 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 Trustees sale. Trustee shall apply the proceeds of the sale as follows: alt to the expense
<br />of the sale, including a reasonable Trustee's fee; (21 to the obligation s ecurctl by this deed of Trus w 131 the surphia, if arty, shall be distributed
<br />to the persons entitled thereto.
<br />fi. Trustee shall deliver to the purchaser at the sale its deed. without warranty, which shall convey to the purchaser the interest in
<br />the 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
<br />acquired thereafter. Trustee's deed shall recite the facts showing that the sale was conducted, in compliance with all the requirements
<br />of tavw said of this Deed of Trost, which recital shall be prima facie evidence of such compliance and conclusive evidence thereof in favor
<br />otbana fide p-archasers and encumbrancers for value.
<br />T. The power of sale'eonferred by this Deed of Trust is not an exclusive remedy; Beneficiary may cause this Deed of Trust to be foreclosed
<br />as a mortgage.
<br />8. In the event of the death, incapacity; disability or resignation of Trustee. Beneficiary may appe:nt in writing a successor trustee,
<br />aril upon the recording of such appoi» tment in the mortgage records of the county in which t:ais Deed of Trust is recorded, the successor
<br />trustee shall be vested with all pa.1ori:ar the original trustee. The trustee is not obliged to ao:ify any garty hereto of pending sale under
<br />any other Deed of Trust or of limy,- .i&fmr or proceeding in which Trustor, Trustee or Benef Cary sb441 be a party unless such action or
<br />proceeding is brought by the Titifi ft. :
<br />9. This heed of Trust appliev, ij; mares to the. benefit of, and is binding not only -m +�_e parties r ereto, but on their heirs, devisees,
<br />legatees, administrators, execufi;r puccessors'and assigns 'ne term Heneficiary shai'l grin the holder and owner of the note secured
<br />hereby, whether or not named qp Z ficiary herein.
<br />10. Request for Notice of Dt R'(dt• in - Nw.cerrif Sale. It is requested that a copy of and• :16-r7 of r36ault or Notice of Sale be mailed to
<br />each person who is named in this I'N -Vat MwA -oi: A.p mailing address of such person as set cwt a'�cve_
<br />NOTICE TO CONSUMES: 1. Do itot `sign tbhs paper before you mFad iz. 2. Tou are entitled to a copy
<br />of this paper. 3. You miiy prepay the unp4d' fsalance at any time without penalty and may be entitled
<br />to receive a re£umd of unearned. charges in accordance with law.
<br />S" d this t da of ? Ltiay. AD 19 89
<br />rgrte
<br />STATE OF NEBRASKA -
<br />-
<br />Hall _..—_ COUNTY ,): � -,�
<br />On this _ ! — day of May . A.U., 19- gg_ -. -, before me-. Cnz undersigned, a Notary Public, duly
<br />commissioned and qualified for and residing in said county, personally cs.L•r. �Onald E. Logue and Beverly( K. Loyje,
<br />husbanJ and wife me klrown to be the identical person $L vo ase name S affixed to the foregoing
<br />instrument as Trustor _- S _. _. __ -- . _ -. _ and acknowleU&J. the <:rme to be -_. _.. _ their
<br />untary act ar_A deed.
<br />Witness my hand ani Notz., sl Seal the; d' ay and year 1 =4WMy-4ryZX6*
<br />My Commission expires t�� ..._ .- -. --Q:. -- _ da
<br />of _�._�_ Y i I «al�y_. 1x91 _ V. WAYBnt�c
<br />It lft Public
<br />9iA7t:,0i' ....- -- )
<br />County t
<br />Entered rh Xti ne-ical Index and feted for record in the office of the Register of Deeds of said county. the
<br />day of -- --- .------- •--- -•__ -- 19_ - -. at _.__ o'clock and
<br />minutes _...__ _. ..._ ._ . M., and duly recorded in Hook of
<br />Mortgages page
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<br />9Jl F:82rNF)
<br />Register. of Deeds
<br />Deputy
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