�� _ ��os��
<br /> Trustor a�gr�ees to 2x�cute siar;F further assignments of th� Procee-ds as Beneficiary or
<br /> Trustee rnay reo��ir�. � '
<br /> 8. A�SIGN�I�NT ;Z�ENTS. Beneficiary shaH have the right, pQwer, and
<br /> auth�rity during th� continuar�ce� of this Deed of Trust to collect 1�he remts, issues, and � ,
<br /> profits of th� prc�perty and nf��riy personal prap�.rty lo�ated thereori with or without t�king
<br /> possessi�n of the prop�rt�r a�,ffected hereby, and Trustor h�ereby absolutely �a.nd
<br /> unconditnon�lly assig�s a;1 s,u�ch rents, issues, ar�d pr�fits to Be;nefici�iry. Benefciary,
<br /> however, he���b�� cansents to Tru.:�tor's collecti��n and r�tention of such rE;nts, issue�, an�
<br /> profits a:� tfiey �ccrue ancl i�ecome payable, so long as Trustor �s not, at s�.9ch time, in ,
<br /> default with respect to payme:nt of any indebted�uess secured hereby, or in the performance
<br /> of any agree�ment here►�ndec. I�F any event of�je,`ault described hr�reafter in respect to this
<br /> De�d of 1�rus�t s�.�all have ocrurrecp and be comtinuing, Beneficia�, as a m.atter of right an.9
<br /> without n�atic:��to Trustor or��nyon�� ctaiming und��r Trustor, and writhout re�gard to the valuE�
<br /> of the tru:st e�;�tatc� or the inta:res�t of the Trustc�r tr��erein, shall have the rigl�t to apply to an,y
<br /> court having juri:�dic�ion to app��int a receivEr o�the property.
<br /> 9. TRAIV�SFER OF PFt��'ERTY. if all or any part of the property or any inierest
<br /> of Trustor therein is sold, t48RSfE''ff°c�, or further f�ncuinbered without the express or writteri
<br /> cansent cff�e�nefciary, Be:n�fici<�nr may, at i2s sc�de option, dec4are all sum:�secured by this
<br /> Deed of�n.�st to be immediateiy� due and p;ayab�le and procef�d to the rer�nedies av�ilable
<br /> to it under the� default prc�vision:� ¢;ontain�d! herE:�in.
<br /> 10. AF'POINTNsENT OF �11CC�S��OR 1�RlJSTEE. 13eneficiary may, from time to
<br /> time, by a�written instrument exea�ted and ackr�c�wledged by Beneficiary, rnailed to Trus�or
<br /> and recorded in the C.aunty in �which �he Tn.�st Estate is located and �y otherwise
<br /> complying with th+e pro�risions o:if tlie applicable� 'aw of the .3tate of Nebra:�ka substitute a
<br /> successor ar:;uccessors to the Trustee n,amecl herein or�i�ting hereund��r.
<br /> 11. ��C��URS A�J'Cf fi�.C�N . This Deed c�f Trust applies to, inures to the
<br /> benefit c�f an�d bindt> a!I partne:� hereto, their heirs, legatees, devir�ees, personal
<br /> representatives, successors and <<ssigr��s. The� term "Be:neficiary" sha{i mean the owner
<br /> and holde�r of the Not�a, whether�r not named �as Beneficiary`herein.
<br />_ 12. �SPECl'IONS. Benetician,/, ar its �igents, representatives o��wc�rkmen, are
<br /> authorized to enter a,t any reaso��able time upon or in any p��t of the Trust Estate fo�the
<br /> purpose �f inspe�ting the same and fc�r the pr�rpose +�f performing any ��f the acts it is
<br /> authorized to perfon n urider the t�sRns of any of�he Loar� Instruments executed by Trustor.
<br /> Z 3. EVENT,�; OF Q,FF�,ULS. Any of the 1`allowing events shafl be de��med an event
<br /> of default hereundr:r:
<br /> a. Tru:�t�or staal! h,�vE: failed tc r�ake paymenfi of any installment
<br /> of interest, principal, or princi�aal and iritE:�rest or an�� other sum s;ec�ired
<br /> hereby when due; nr
<br /> b. There has occi�rred a breach of, or default under any term,',, ' ._
<br /> covenant, agreernent, condition, provi:,ic�n, representati�on, �or w,arranty ��
<br /> containe�� ir� this f.)eed of Tr���yt, the Deed r�f Trust No1�e, or any othe�r Loan -
<br /> Instrument secured hereb�r,
<br /> c. There has been a default by the Trustor in the payment of any
<br /> prior or subs�equent lien or encumbrance in respect to ail or any part of the
<br /> property;
<br /> d. Trustar shall file a valuntary petition in bankruptcy or shall be
<br /> adjudicated. bankrupt or insolvent, or shall make an assignment for the
<br /> benefit of creditors in respect to the ,property; or an action to enforce any lien
<br /> or encumbrance or judgments against the property is commenced.
<br /> 3
<br /> s..� _ _
<br />
|