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90106941
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10/21/2011 12:31:12 AM
Creation date
10/20/2005 10:08:26 PM
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DEEDS
Inst Number
90106941
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11i;• <br />1 0 �t +r..ylle <br />90-106941 <br />there shall be appointed any trustee, receiver or <br />liquidator of Borrower or of all or any part of the <br />Property, or the rents, issues or profits thereof, or <br />Borrower shall make any general assignment for the <br />benefit of creaitorsl <br />(e) The sale, transfer, assignment, convey- <br />ance or further encumbrance of all or any part of or <br />any :interest in the Property, either voluntarily or <br />involuntarily, without the express written consent of <br />Lender. <br />11. Remediesj Acceleration U on Default. In the event <br />of any Event o efault, Lender may, without notice, except as <br />required by law, declare all indebtedness secured hereby to be <br />due and payable and the same shall thereupon become due and <br />payable without any presentment, demand, protest or notice of any <br />kind. Thereafter, Lender may: <br />(a) Demand that Trustee exercise the POWER <br />OF SALE granted herein, and Trustee shall thereafter <br />cause Borrower's interest in the Property to be sold <br />and the proceeds to be distributed, all in the manner <br />provided in the Nebraska Trust Deeds Act; <br />(b) Exercise any and all rights provided for <br />in any of the Loan Instruments or by law upon occur- <br />rence of any Event of Defaults and <br />(c) commence an action to foreclose this <br />Deed of Trust as a mortgage, appoint a receiver, or <br />specifically enforce any of the covenants hereof. <br />No remedy herein conferred upon or reserved to Trustee or Lender <br />is intended to be exclusive of any other remedy herein in the <br />Loan Instruments or by law provided or permitted, but each shall <br />be cumulative, shall be in addition to every other remedy given <br />hereunder in the Loan Instruments or now or hereafter existing at <br />law or in equity or by statute, and may be exercised concur- <br />rently, independently or successively. <br />12. Trustee. The Trustee nay resign at any time <br />without cause, an Lender may at any time and without cause <br />appoint a successor or substitute Trustee. Trustee shall not be <br />liable to any party, including, without limitation, Lender, <br />Borrower or any purchaser of the Property, for any loss or damage <br />unless due to reckless or willful misconduct, and shall not be <br />required to take any action in connection with the enforcement of <br />this Deed of Trust unless indemn:.fied, in writing, for all costs, <br />compensation or expenses which may be associated therewith. In <br />addition, Trustee may become a purchaser at any sale of the <br />Property (judicial or under the power of sale granted herein); <br />postpone the sale of all or any portion of the Property, as <br />provided by law; or sell the Property as a whole, or in separate <br />parcels or lots. <br />13. Fees and Expenses. rn the event Trustee sells the <br />Property by exercise of power of sale, Trustee shall be entitled <br />to apply any sale proceeds first to payment of all costs and <br />expenses of exercising power of sale, including all Trustee's <br />fees actually incurred. In the event Borrower exercises any <br />richt provided by law to cure an Event of Default, Lender shall <br />berentiitled to recover from Borrower all costs and expenses <br />actually incurred as a result of Borrower's default, including, <br />without limitation, all Trustee's and attorney's fees, in the <br />maximum amount allowed by law. In addition, in the event of each <br />such cure, Lender shall be entitled to a reinstatement fee of one <br />Hundred and No /100 Dollars ($100.00). <br />Miscellaneous Provisions. <br />(a) Borrower Not Released. Extension of the time for <br />payment or modification of'amo— rtization of the sums secured by <br />4G -iii rti..e _ <br />
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