M
<br />89--'- 1.0398 1
<br />thereof, the rental payable thereunder, or to change any renewal provisions therein contained; (d) waive any default
<br />thereunder or breech thereof. (e) give any consent. waiver or approval thereunder or take any other action in connection
<br />therewith, or with a lessee thereunder, which would have the effect of impairing thevalue of lessors interest thereunder or
<br />the property subject thereto, or of impairing the position or interest of the Trustee or Beneficiary; or (f ) sell. assign, pledge,
<br />mortgage or otherwise dispose of, or encumber its Interest in anysaid lease orany reef% issues or profits issueing or rising
<br />thereunder.
<br />DUTIES OF THE TRUSTEE: Trustor agrees that; (a) the duties and obligations of Trustee shall be determined solely by
<br />the express provisions of this Deed of Trust and the Trustee shall not be liable except for the performance of such duties
<br />and obligations as are specifically set forth herein, and no implied covenants or obligations shall be Imposed upon the
<br />Trustee; (b) no proof this Deed of Trust shall require Trustee to expend or risk its own funds, or otherwise incur financial
<br />obligation in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if it shall have
<br />grounds for believing that the repayment of such funds or adequate indemnity against such risk or liability is not reasonably
<br />assured to It (c) Trustee may consult with counsel of its own choosing and the advice of. such counsel shall be full and
<br />compllels authorization and protection in the respect of any action -taken or suf ored by it hereunder In good faith and in
<br />reliance thereon; (d) Trustee shall not be liable for any actle n tzlr<ken by it in goad faith and reasonably believed by it to be
<br />authorized or within the descredon or rights of powers wnfermO capon it by this Deed of Trust
<br />TRUSTEE'S FEES: Trustor expressly covenants and agrees to pay and discharge all cost, fees and expenses of this
<br />Deed of Trust, including in the event of sale by the Trustee of such prc"rty,theTrustee's costs, expenses and fees. which
<br />fees shall not exceed $W.W plots Ira of 1% of the amount secured herebyapd, remaining unpaid.
<br />SUBSTITUTION OF TRUSTEE: That Beneficiary may, from..timetotime, by instrument,in writing, substitute a successoror
<br />successors to any Trustee named herein or acting hereund4r which instrument; executed and acknowledged by
<br />Beneficiary and recorded in the office of the register of deeds of.N� county or counties where such property is situated,
<br />shall be conclusive proof of propersubstitution of such Trustee or Trustees whoshall without conveyance from the Trustee
<br />predecessor, succeed to all its title, estate rights, power and duties.
<br />NO WAIVER BY BENEFICIARY: No waiver by Trustee or Beneficiary of any right under this Deed of Trust shall be
<br />effective unless in writing. Waiver by Trustee or Beneficiary of any right granted to Trustee or Beneficiary under this Deed of
<br />Trust or of any provision of this need of Trust as to any transaction or occurrences shall not be deemed a waiver as to any
<br />future transaction or occurences. By accepting payment of any sum securedhereby after its due date, or by making any
<br />payment or performing any act on behalf of Trustor that Trustor was obitgiated hereunder, but failed to make or perform or
<br />by adding any paymentso madebyTrustee cri3eneficiary tothe indebtedinessaecured hereby, Beneficiary does not-waive
<br />its right to require pror tpt payment when due of all other sums so secured iatto require prompt performanpeof alilotheracts
<br />required hereunder, or to declare hereunder, or to declare a default for failure so to pay.
<br />WAIVER OF STATUTE OF LIMITATIONS. Time is of the essence in all T'rustor's obligations hereunder, and to the extent
<br />Permitted by law, Trustor waives all present or future statutes of Iimitatichs with respect to any debt demand or obligation
<br />.^,i°"viir `dal' hereb iii. ally action or prose virS iv: ft pio'iWas of enfor;:ing iiiis Truo —Zi or any right or res-nedles iieiY"ua"i4or.
<br />INSPECTION AND BUSINESS RECORDS: Beneficiary at any time during the continuation of this Trust may enter and
<br />inspect such property at any reasonable time. Trustor agrees that when requested by Beneficiary, Trustor will promptly
<br />deliver to Beneficiary such certified financial statementsand profit arid lossstatementsof such types and at such intervals
<br />as may be required. by Beneficiary which will be in form and content prepared according to the usual and acceptable
<br />accounting principles and practices, which statements shall cover the finaq,901, operallons„relating to Trustor or such
<br />property and Trustor further agrees when requested by Beneficiary to pro l detivw M writing such further additional
<br />information as required by Beneficiary relating to any such financial stptemew
<br />REMEDIES: No remedy herein provided shall be exclusive of any other remedy herein or now or hereafter existing by
<br />law, but shall be cumulative. Every power or remedy hereby given to Trustee or to Beneficiary or to which either of them may
<br />be otherwise entitled, may be exercised from time to time and as often as may be deemed expedient by them, and either of _
<br />them may pursue inconsistent remedies. If Beneficiary holds any additional security for any obligation secured hereby, it
<br />may enforce the sale`: thereof at its option, either before, contemporaneously with, or after the sale is made hereunder and
<br />on any default of Trustor, Beneficiary may, at its option] offset against any indebtedness secured hereby, and the
<br />BeneficiM,is hereby authorized and empowered at its option, without any obligation so to do, and wf:thout affecting the -
<br />obligatidas hereof, to apply toward the payment of any indebtedness of the Trustor to the Beneficiary. any and all sums of
<br />money of Trustor which may have in its possession or under its control, including without limiting the generality. of the
<br />foregoing any savings account, deposit investment certificate, escrow or trust funds.
<br />LAW APPLICABLE: That this Deed of Trust shall be construed according to the laws of the state of Nebraska
<br />ILLEGAUTY. In the event that any provision or clause of this Deed of Trust conflicts with applicable law, such conflict
<br />shall not affect other provisions of this Deed of Trust which can be given effect without the conflicting provision, and to this
<br />end the provisions of this Deed of Trust are declared to be severable.
<br />GENERAL PROVISIONS: (a) This Deed of Trust applies to, inures to the benefit of, and binds all parties hereto, their heirs.
<br />legatees, devisees. administrators, executors, successors and assigns. (b) the term "Beneficiary" shall mean the owner
<br />and holler (including a pledgee) of any note secured hereby, whether or not named as Beneficiary herein. (c) Wherever
<br />the context so requires, the masculine gender includes the feminine and neuter. the singular number includes the plural.
<br />and vice versa. (d) Captions and paragraph headings used herein are for convenience only, are not a part of this
<br />agreement. and shall not be used in construing it If more than one person is named herein as Trustor, each obligation of
<br />Trustor shall bathe joint and several obligation of each such person. The rights or remedies granted hereunder, or by law,
<br />Lshall not be exclusive, but shall be concurrent and cumulative.
<br />TRUSTEE ACCEPTS this Trust when this Deed, duly executed and acknowledged, is made a public record as provided
<br />by law. Trustee is not obligated to notify any party hereto of pending sale under any other Deed of Trust or any action or
<br />All
<br />proceeding in which Trustor, Beneficiary or Trustee shall bo a party, unfoas brought by Trustee.
<br />Mailing address for notices to Trustor
<br />�.
<br />
|