Laserfiche WebLink
a <br />IrullOr <br />I <br />90-- 10557" <br />M1 <br />18. MWCON neoas Provisions. <br />: <br />(s) forrow*r Not Released. 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 not operate to release, In any manner, the liability <br />of the original Borrower and Borrower's successors in interest. Lender shall 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 auccessors In Interest. <br />(b) Lendees 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 />i <br />released as security for the full amount of all unpaid obi; ptioi^s. Lender may. from time to time and without notice (I) release any <br />person so liable, (i1) extend the maturity or alESir any o111he spans of any such obligations, (III) grant other indulgences. (Iv) release <br />or reconvey, or cause to be released or reconweyedl at any tine salt Lender's option any parcel, portion or all of the Property. <br />(v) take or release any other or additional secvrty 107 any obligation herein mentioned, or (vi) make compositions or other <br />I <br />arrangements with debtors in relation thereto. <br />(c) Forbearance by Lender Not a Waiver. Any forbearance by Lender in exercising any right or iremedy hereunder, or <br />otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of arty such viht or remedy. The <br />1 <br />procurement of insurance or the payment of taxes or other liens or charges by Lander shot' not be a waivvr of Lender's right to <br />accelerate the maturity of the indebtedness secured by this Deed of Trust. <br />(d) tl weas*ors and Aeslgns Bound; Joint and Several Liability; Captions. The covenants and agreements herein con - <br />tained shall bind, and the rights hereunder shall inure to, the respective successors and assigns of Lender and Trustor. All <br />covenants and agreements of Trustor shall be joint and several. The captions and headings of the paragraphs of this Dead of <br />• <br />Trust are for convenience only and are not to be used to interpret or define the provisions hereof. <br />(e) Request for Notice*. 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 for any other notice required under applicable law to be given in another manner, any notice provided <br />for in this Deed of Trust shall be given by mailing such notice by certified mail addressed to the other parties, at the address set <br />forth above. Any notice provided for in this Dead of Trust shall be effective upon mailing in 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 />(Q Inspeotksn. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided <br />that Lender shaii give Trustor notice prior to any such inspection specifying reasonable cause therefor related to Lender's <br />i <br />interest in the Property. <br />(g) Reeonveyanee. Upon payment of all sums secured by this Deed of Trust, Lender shall request Trustee to reconvey the <br />Property and shell surrender this Deed of Trust and all notes evidencing indebtedness secured by this Deed of Trust to Trustee. <br />Trustee shall reconvey the Property without warranty and without charge to the person or persons legally entitled thereto. <br />l <br />Truster shall pay all costs of recordation, if any <br />r! <br />(h) Persona) Property; Security Agreement, As additional security for the payment of the Note, Trustor hereby grants <br />„ <br />Lender under the Nebraska Uniform Commercial Code a security interest in all fixtures, equipment. and other personal property <br />used in connection with the real estate or improvements located thereon, and not otherwise declared or deemed to be a part of <br />the real estate secured hereby. This instrument shall be construed as a Security Agreement under said Code, and the Lender <br />shall have all the rights and remedies of a secured party under said Code in addition to the rights and remedies created under <br />and accorded the Lander pursuant to this Deed of Trust, provided that Lender's rights and remedies under this paragraph shall <br />be cumulative with, and in no way a limitation on. Lender's rights and remedies under any other security agreement signed by <br />1 <br />Borrower or Trustor. <br />(i) Liens and EnaaaUirances. Trustor hereby warrants and represents that there is no default under the provisions of any <br />mortgage, fte3 of trust, 'ease or purchase contract describing all or any part of the Property, or other contract, Instrument or <br />agree"mr. cznstitutmg a lien or encumbrance against all or any part of the Property (collectively, "Lions"), existing as of the <br />4 <br />date of this mead of Trust, and that art and all existing Liens remain unmodified except as disclosed to Lender in Trustor's <br />I <br />written disclosure of hens and encurnprances provided for herein Trustor shall timely perform all of Trustor's obligations. <br />covenants, representations and warranties under dmlr and all exisiting and future Liens. shall promptly forward to Lender copies <br />of all notices of default sent in connection with arnp rand all existing or future Liens, and shall not without Lender's prior written <br />consent in an manner mode the provisions of or al,aw an future advances under an existing or future Liens. <br />Y modify Y Y g <br />' <br />u) Applketlon of Payments. Unlesso"erwise required by law sums paid to Lender hereunder, including without timillation <br />payments of principal and interest, rnsorance proceeds, condernnat(or. p,cceeds and rents and profits, shall be applied by <br />I <br />Lander to the amounts due and owing from Trustor ar.d Borrower • swce o -des as Lender m its sole discretion deems desirable <br />(k) SeveraWNty. If any provision of this Deed or Trust conflicts with arnpiwable law or is declared invalid or otherwise <br />a�► +5. <br />unenforceable, such conflict or invalidity shall not affect the other provisorq o' tt i5 Deed ct Trust or the Note which can be <br />i <br />given effect without the conflicting provision, and to this end the provisions of 107.9 DeeC 01 Trust and the Note are declared to be <br />severable. <br />(1) Terms. The terms "Trustor" and' Borrower" shall include both singular avid w'%vial. anu when the Trustor and Borrower <br />are the same person(s), those terms as used In this Dead hall b tR e�CnA ^QeBCie <br />(m) Q"iti ring Law. This Deed of Trust shall be Bove 1 'o' '-� State al r aska <br />%edy <br />Trustor has executed this Deed of Trust as of the date written � (A TRAILE,j� 5ALES, INC. <br />Schroe er, 1 %ovor President <br />IrullOr <br />I <br />M1 <br />V- <br />Mj <br />,1 r •, <br />J' <br />