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89-102688
<br />4 As additional easy, Trustor herehy give-4 to and confers upon Ileneficiar% the right, power and authority, during the continuance
<br />of these Tyustil tq IC jhe rents, issues and profits of said property, reserving unto Truster the right, prior iii any default by Truster
<br />in payment of any indebtedness secured hereby or in perfortrtance of any agreement hcreundtir. to collect and retain such rents, issues
<br />and profits as they become due and payable Upon any such default, flenefciary may at any time without notice, either in person, by
<br />agent, or by a receiver to be appointed by it court, and without regard to the adequacy of any security for the indebtedness hereby secured,
<br />enter upon anti take pam"4ton of said property or any part themif, 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 Renefiaiary
<br />may determine. The entering upon and taking poasession of said property, the collection of such rents, issues and profitx and the application
<br />thereof as aforesaid, shall tint cure or waive any default or notice of default hereunder or invalidate any act done pursuant to such notice.
<br />S. Upon default by Truster in the payment of any mdohtednesa secured hereby or in the performance of any agreement contained herein,
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<br />all sums secured hereby shall immediately bctxim due and payable at the option of the RenePiciary. 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 sale as follows: I D to the oxpenfte
<br />of the sale, including a reasonable Trustees fee• •1'.r to the obligation secured by this Wed of Trust: tali the surplus, if any, shall be distributed
<br />to the persona entitled thereto.
<br />6. Trustee, LOWt.deimer to the purchaser at the salt, its deed, without warranty, which shall convey to the purchaser the interest In
<br />the propert,_ %h:c3t'1mAvc had or had the power to cunvey at the time of hta execution of this Deed of Trust, and such as tie may have
<br />ajWireft thksreOler. Tmstiea's deed shall recite the facts showing that the sale was conducted in compliance with all the requirements
<br />of; raw avi of t)ws Atrd vS Trust, which recital shall be prima facie evidence- of such compliance and conclusive evidence thereof its, Nvor
<br />of bona fide pw rA-Isers and encumbrancers for i alue.
<br />7. The Yo w•etr 4 sale conferred by this Deed of Trust is not an ex.IvvtS rietriedy: Beneficiary may cause this Deed of Trust to be forec sed
<br />as a mortgmW
<br />8 In the event of the d;; .th, incapacity, disability or r"ignation of Trustee. Beneficiary may appoint in writing a successor trtrsttile.
<br />and upon the recording of quO appointment in the mortgage records of the county in which thin Peed of Trust is recorded, the successor
<br />trustee shall be vested wtr~h alt powers of the original tru-itcw fhe trustee is not obliged to notify any party hereto of pending sale under
<br />any other geed of Trust ur of any.sctimy or proceeding in which Truster. 'Trustee or Beneficiary shall be 'a party unless such action or
<br />proceeding is brought by this Trustt ,
<br />9 This Deets of Trust aprlt„s. t; . Inures to the her K:6f (if, and t, hinding not only un the partes hera;t;•.• but on their heirs, devisee"
<br />legatees• adminurtrators. er- ,,=ors .yuccessor9 .rod. i�vi�is Tht• terns Beneficiary %hall inPan the' holder anti owner of the note: secum -d
<br />hereby whether or not ftb=j?Ai cg t$neftciar• herein
<br />10 Request for Notice of Default nr. NQUce of Sales. [i: ie, rtr;ur..0,rrr that it ropy of any Notth of Default or Notice of Sale be mailed to
<br />each person txho.is named in this Trust. L4mf at.t!ata mi :h-vi; addrf?w. cF :•ach pem in ac set out ahk w.
<br />NOTICE TO CONSUMER: 1. Do not ttrgn this paper before you read it. 2. You are entitled to a copy
<br />of this paper. 3. You may prepay the unpaid balance at any time without penalty and may be entitled
<br />to receive a refund of unearned charges in accordance with law.
<br />Si►tned this _ 24 day of May.. - - -. _ J)_ to 89 _
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<br />T�ATE OF h FhkASKA i X
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<br />Nall ___ -
<br />_.—. COUNTY X r : - -- On this 24 _.. day of :. < - A 1). 19 89 , before me. the undersyed a Notary Public duly
<br />commissioned and qualified for and residing ira.said county, personally came �uq! _ . J. audde and Nadine J. Budde,
<br />husband & wife - to me known to he the identical person S whose name .5 _ affixed to the foregoing
<br />instrument as Trustor 5 __..__.. _ . _.... .. and acknowledged the same tot _.% _ _� Vol-
<br />untary act and deed.
<br />Witness my hand and Ne>Wrial dal the day and year 1, «..
<br />My Commission exp;res the 8 day 1,
<br />of _T ___ �_- February Iy g1_ W V. WATSW _--
<br />1 - -- - -- _ - - --
<br />' -� Public _� J
<br />STATE OF
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<br />countF i
<br />Entered tea. Numerical index and fa!L4 for record in the africe of the Register of Daveds i;.f.satid county, the ..-_. —.._
<br />day of t9__ _. . at —__ --
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<br />minutes —__• -_ -•- M and duly recorded i,n. &Y)k
<br />Mortgages page - - - - - -- - - -
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<br />- - Register of Deeds
<br />mil EKt •tiF :� .•.:.. -_..._ ..,__,.
<br />Deputy
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<br />MR
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