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<br /> �:� s L,A.: 25� fvar�s ot pefetdt Earh ol tAe M�owing occurrences SAall corrstitute an event of default hereonder,fheieinaltai an Event of Oef�edt l: ,,� .
<br /> .= � T `. �' fal Any emauirt PeNaDJe rmder tRe ObGga�ans secraeA Dy this beed oJ Tiust is not paid when due,alter givieg ellect to any aFplicaDle ` : `�` .-F `�.
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<br /> i?`s' �x' .. grace peaod tlrCrcin, �;�:•
<br /> ' _� t t�_ � (bl Trustor rs otAanvise in defatdt unde►d+a terms of tAe ODligarions. _
<br /> ' �5. � f� fcl Trustor faifs to oAserve or pedmm anv ol the cavenanrs,agseements,or can�tioru in Mis Deed o1 Tn�s4 �� � �� '
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<br /> `; � fd1 aaY+eF�esentauan oi warrant y ine/uding,but not limited to anY warrdntY o1 title made Oy Tiustor in this Qeed ol Tiust is/aJse ar ` F ���
<br /> ``, � m8teriaUyr mrs/esdir+g,or < ��o,:
<br /> f^�, , ,_,. ,�h=. � (ei Trustor se//s o�tonveYs the Tiust Pioperty,or any parr thereof,or an/intemst therein ar is divested ol its ptl�-ar any interest ,
<br /> �,. .� c (\�\` theiein,in eny mai►nei a way,whether volu�rarily o��nvotuntarity,without the pnor wriaen consent o1 Benefciary. ` � �
<br /> . _- �+...-L-- --�----` �"' ��_ - '
<br /> �.�- �. rF lA Z6� AeteferatTan olDeA�foredostna.tipon the xcumence of arry Evera ot DefautL or anY rime Me�eafter untit sacA Event o!Delauf!is .: . . �
<br /> � cured to tAe setfsfactiaa of Benefrciary,BeneSciary may,at ics apGan,dedare all ODligaUans secuied hereby rmmediately due and payaLle u �
<br /> _ ���`,� _ and the same sllap bear interest at tAe delau/t�ete,il any,set lo�th in Me Nete ar fho defaMt rata,i1 eny,set loRh in the moSt recenf '� �"�_
<br /> � ._v�, f R . obfigatian eoveied by the GaarantSr,o�otRerwise at Me ArgAest�ate pe�mitted Dylaw,snd imespectrve of whether 8eneficiary euercisas ,: .
<br /> _.�,;:<' ,� � `"`-' " s8id opdon,er may,ar its oQaon and in its sole dlstretlon,wirhoat any/u�ther notrce oi denrand to oi upon Tiustor,do ona or more of �ti;r ;._�.Z�" :',
<br /> ,�-- � "< ..,. U?e%llowlag: �c.:�....
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<br /> � Y.;-; � -••� �"' fal Benefitlary may errter upon,take possessiar+of,manage and opeiate the Tirrst ProperfY ar any parf tAereof,•maBe iepatis and : _� fG.
<br /> ' ' -`-t: aiterations and do any acts wAicABenefiCiary deems prope�to protect fhe seturiry themof.and eifher W�tA a withou�taking �" '% •
<br /> �.i,;-,_�,..:" �i.�. _'s:�..< :4...
<br /> � � -:.�. <. ': � Possessia►,in its own eame,s:ie fe�oI othervvise col/ect and mceive reals,issttes and pro�Including thOSe p8st due 8nd anpaid,and . �...r� ,;�-
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<br /> G;�:F.:.,..�,,,��.< ' ., aOGA�the same,less costs aad expenses olaperation and to0ectia,lncludng�easonab/e atlomeys'tees and Benefrciary's tosts,upnn .: �•. :-,;
<br /> : , . u; the Qdlfgaaons sacvi+ed Aereey arrd�n sucb order as BenelFciazy may detennirre.Upon�epuest of Bane�rciary, Tsrutor sAal1 a�r+bte an� �, =
<br /> ���� ,:..`:r.4`r � r shal!matre ava�fable to Beoefrdary any o1 the 7�ust Prope�ty wAich has Deen remove�d.The enrering upon and taltirrg possession of the _ ,- . ...,.
<br /> .. _� �� Tiust PropeitY,the co0ettion of anY rents issues and pmnts,and the apP�ation Mesco/as sforesaid,shall not w�e o�wuive eny
<br /> � defaulr rhe�etafore or thereafte�occrrming,a aflect an�r notice of defauft o�noute of sa/e he�eundei or in�date any act done parsnant " , ' ��r`�;
<br /> �ti �Y�•''-'�;<�` to 8ny srrch noac�Norivithstandu�g Benefieiary's eonbnuance in aossesslon or►eceipt and applicaaon ol rents,issues oi prafits, _ �`.-.�
<br /> `''` •t4'•� " `M Be�+eficiary shall6e enOtled to exe�cise every right provided foi in this Oeed al Tiust o�by Iaw upon or ake�tbe ocew�ente oI an Event ;;.. �u
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<br />_�?,, �: ::.�;;;,�' `_ `� 01 Defarilt ti+cludfng Me right ro exersise tha power of safe.Aay of the actlons rafer�ed to�n tAis SecHon ma�r be taken by Benebciary at , a�;•-��'"'
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<br /> - - �_ ,�.;- : sucA time as Beneficiary may derermLre withaut regard to Me aOeQuacy ot any secwitY tor the OhOgations see�rrad hereby. ,_ .'�° _
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<br /> � �.__::��•�.�..?' � Ibi Beneficiary shaJ/, without iegard to tAe adequaty a/anY security for the Obligallons sacnred hereby,be en�ded to the epyointment - •
<br /> �'x � •� of a receivei bY enY coun having%udsdicdon,without aorice,to take possessin�of,pimec�end marrage the•Tiust Property and operata _ � -
<br /> �� ' the same and coUect the rents Issues and piofits tReielrom. '"�, .
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<br />� � � -�-= (c) Beneficiary may bring any aeaon in any cou�t of competent%wisd�ction to/orecJose this Deed o1 Trusi or enforce any o!the __ q' °a�.,
<br /> :j:; :`'�• covenants Ae�eot.
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<br /> � y _�_^ � (d/ Benefrc'rdry may e�ect to cause the 7arst P�operly or any pait UrereoJ to De sold under the power of sale,and in sath event ! r s,-
<br /> s �;" Bene&ciary or Tiustee sAa1lg,Ye aucA notice ot detardt andnviiee ot sa/e ro eseh parry to this aeed of Tiust bymai�et rhe addrass set -a-
<br /> ';1. ` � ` fo�tA herein and amr oMer notice wluth may be then requiied by law. TAeieafter,upan the oxpiradon o/such time and Ne givieg of - `°�!!`
<br /> � �� �` � sach noNce of sale as may tAen De repuiied by faw, 7rustee,at the dme and place sp�ed by tAe notice o/sale,she0 sell sueh Trast �i -
<br /> •`. _ �:•^,^`. 't..,`.
<br /> ,�.�. ° Pmperty,ar aay part thereot speeified by Beneficiary at pubfrc auctian to rhe higAest bidde�for cay+u+IawJuimoney of the United t�� �
<br /> j� � Siates ofAmedca.Upon recerpt of payment ol tAe Did Drite,Tiustee shaU apply the proteeds in tAe follawing order.til t0 the eost and 1
<br /> .� experues of eusroising tAe powe�ol sale and of the sale,ineluding but not hmited to,tnrstee's faes of not moie tRan 85Q0.00 p/us :a -
<br />..-:� �` '. '�� �� one-►+aHof one pertent of theg�ss sale pHcQ and reasonaDle attomeys'fees, �U to the Obrgatiot{S and trii/tha eYCess,lf srry,fo the • ��
<br /> ` � � " '� person nr persons legalry enG et/d therero. '"'��{�'
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<br /> ' �!,�,' •�-y =� , • A/I cosu and exp enses inctrmed Dy BeneCrclaiY in enforcing any riaht unda�this Oeed of Tiust,incfuding withatrt limitatior,aLstract oi Gde .: "�� � ::=
<br /> � � = � ` fees,appraesal fees,premiams/or title inwrance,attomeys'lees aad coua casts,shaJl be and constitute Ob/�gations secured Aere6y. ` ;`;��
<br /> ;�.�`.`�_�'. . . . . • •'�,' '
<br /> � e,L.�_.•-: . �� . _. - ?7. Dut�esolTrps[e�Tiusraagreesthat ' :;'. ;'.'` "`
<br />_ ;.':�:��: ' ' (a1 TAe duties and oDfrgations of Tiustee sAall Ge darermined salery by the exp�ess pmvisions of this Deed of Tast and Trastee sAal!not •,��:.',.•:,-:.
<br /> '��;� �" � . � OB/ia0le except lar the peifoananCe of such duties and ebligatians as are sDecifically set lonh herein,and no implied tovenanfs oi ` ��%_= .:'�:_'
<br /> �`,s4. ;' . ' '.Y`� obligatlons SAa/l be imposed upon Tiustee, �
<br /> ,rr:,,`, �: . .
<br /> � .�� . " , . /b/ No p�ovisian o1 th/s Oeed o/Tiust shall�eQui�e Tiustee to expend or dsk ils own/unds,or othen�vise incur any Cnentral obtigatlon in
<br /> ,"i� �' . Ne pedormante of any ol iJS duties hereunde�oi in the exe�cise ol anY of its dgAts or powers, .
<br /> . . . �.. ��, . . .
<br /> � ,��'�'' °' (cl 7nrstee may consuh wrth cvunsel o/;ts own chaoslng a�d the advice o!such counsel sAeJl be 1ull aad complete authodzatian end � �-� •��
<br /> ... �a.�;_-' .
<br /> ;� :.�t�.-i ,. '; � protacdan in tAe respect of eny actlon teken or snJ/e�eu by it hereunder m good faith and ralianco Mereon,end
<br /> � (dl Trustee sha/f nat ba IiaD/e lor any eation taken Dy lt in good laith and�easonably belleved Dy it to Oe autho�ized or witNn ils
<br /> , discreUon or dghts or powers canfened upon it by thls Oeed o!7nst.
<br /> ��.,�i',. 28. Seeraffy A errt nnd i7rture FiGng.Fiom tAe date ol its reeording,this Oeed of 7rost shal!eonsGwte a secmity agreemenr and
<br /> � ,. fiarture fiGng an er tAe p�ovislons of tAe Nebiaska Uniform Commerclaf Code wtiA respect to GROSe fixtu�es descn0ed In the Qieambles hereol
<br /> , f; es constituting a part of tAe Tiusi PiapBrty,togethe{witA a/1 other p�opErly o!Tit�ta,e:tAe�simi/ar o�d'issimi/ar to tAe sames.now or
<br /> _v_�_`;<'•,.�.� ' ,�• '. '.
<br /> he�eafler loeated at o�on the Tiust Piopaety.For this purpose,Me following inlnrmatlon!s set fonh:
<br /> �� ' fa/ Name and Add�ess olOeDtod7iustor. (bl Name end Address o/Seeured PartYBenebclary: ,. � �•
<br /> ,; . � . ,. •;; .
<br /> i�. '��
<br /> .� - � Reed aad Reed, Inc. Norwest Baak Nebsaska, National
<br /> �;! • , ,.,.' .
<br /> .';s.���. � ' :'` " Assocfation ' '
<br /> ,;' . ..
<br /> � ti=��.�r - ' ' �� . P.O. Box 2015 202 West Third Street . - , -
<br /> _.'i:.:i...; t. � � , , .. .. .
<br /> • { '• .� � �, • Grand island, NE 68802 Grand Island, NE 68802 . . .
<br /> '.�'.��.;,�: • Ic!DeDta's Sacia!Securrty NumOedfederaf Texpayei L D.NumDe�4?0 74 864 S. ''. '
<br /> , �,. :�' , ' Id/This document covers goods w�icn aie oi are to Dacome Iixtu�es. '
<br /> �_.. . .
<br /> ��t���: . fol 7Ae name ol the record owner of rhe Trust Prope�ry+s the OsbtodT�ustor dese��Ded a0ove. ,
<br /> .j.; •.. ;u �
<br /> '� • ?y, iutyrg qdvatiee9.BenehC�aty,at Benellciary's option,pnar to�u���econveyance ol tAe Trust Propsrry by Trusteo to Trusto�,may mnko • ••
<br /> '� � /utore advances to irustoi.SucA Iuturo advances, wrtA mtero9t theieon,shall bo sncured DV M�s Deed oI Trust Af no time Shal/the pnncrpa/ .
<br /> "''�� :1.+ � . . nmount o�Me ODligat,oas secured bv rhis Deed nl Tiust not mNud/ny sums advanced to protect the securrty.exceed tAO tofal sum ol • '
<br /> :.�t:;,,�,. .. S ZS.QOO_�0_..-�—
<br /> `'!° ` ' � Norh/ng hoiein cont�med Shall�mply any oD/IgotNn on/he part ol the 9enefrci�ry to mOko any sncA Bddihona/advances. '"
<br /> : �s. � .
<br /> � � � ' AWantes ot dlsbyrsements made by Benehciary to protect rhe secw�ty,undo�lAV termS Aereol, wh�le d�scietrona�y,sha�l not bo daamed to
<br /> 4.,�.°. . ' � De opbonal advances.
<br /> - �,� . ' ' � 30. RBCOAVeymrce. Upo�paymenf o!all ObGgahons soeu�ed Oy th�s Deed oI 7rust Benelici�ry sh�//rv0uest Tiusloe to rnconvey the Jru9f �
<br /> ; `; . , �opertY nnd sha/i sw�ende�fhrs Doed o/Trust and aN notes ev�dencmg ODLganens secured Oy tms Deed ol Tiust ro husrnn. Trustee sha�/ . .
<br /> �acon�ev tne Trusf Propeiry wuhout warranry and wrthout charge to the pe�so�oi pnisons�ega/!y ent�tled therero. SucA person or persons .
<br /> ; .• . _ Shall p�y J!1 costs of recordat�on.�t any ---_ _..
<br /> . ..�..� -�-- , .
<br /> :' , � 31. Sttb3tnVte Tiu9to9. Benehcfaiy,dt�ts ophon,may 1�om hmB ro hme remove Trustee and app0�nt a Successor I�ustee ro a�r Tn�siee �� �
<br /> - `' " � � anpo�nfod nereunder bv 3n msfrumenr recnrded�n Me county�n wh�cn�hrs Deed o/Trust�s recv�ded. WdAOU�cvnveyanc[t vl Me t�ust �
<br /> " �� . � �ope�ty, the Successoi 7iustee sha��succeed t0��/nUn.pawer and dut+es conferred upon T�ustye he�e�n��,d Dy dPPhCdOlP�JW
<br /> . .. � n
<br /> � .j 3a. PAiseBllonCOU9 A1ghl9 018BneJiCi.7ry. Be�ehc�ar�m<ty al,snv hme vnd lrom nme ro hme. w�mou��once. co�son�•o lAe makmg o�any �. ,
<br /> , (d7f n!fhE'Tr��Sf Pi00P/N 0�fhp C1PJhOn O�JnV PJSCmf/�(�hB�COn O�dny CWBndnlS�PSf�iCDng USP Or pCCUpanCY IhPrE+01 0�J(f/°B 1�J�fM O� � •
<br /> � 1.' .
<br />- ' ' �7mond the re�ms ol lh�s Deed o1 Irusf Q�y personal prope��y rei��:��mny upon rne T�usf p�vae��v i�te•�ne T�usr Prnuerti h�s bee��vssess^d � . _
<br /> � i ! or oCCVroFd br Be���l�e•a�v. �!s JOPnt or any putr.h.rSer lol�ornng trustee's se/.°o����ec/oSUre. O�un�1Cr iny d^^A�n heu o!Trush�r's sNe�v�
<br /> � : ..
<br /> .. - . . ' /orcc�osvr•• snglt Cp�„n.�r.�c�v•��v or�¢.impd to navr•he9n iDanUOneOOV ��95rp� f-�.-- ,
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<br /> .' •. . . ' . 33 �r:ist:�,n.....G��•�'J:i.+:i:•n.�;.�^'O'i 7`.tny rpt�:e o�Je�d1�!i.,���pr��g i,��aip.,�ddP•;�..a.,�u�c�d C� �':IS!an Pu15UJ/1:!7 y"'Urv�•s�o"s ' .
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