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202101845
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Last modified
3/5/2021 11:52:25 AM
Creation date
3/5/2021 11:52:23 AM
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DEEDS
Inst Number
202101845
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LAW OFFICE <br />BRAD MONCRIEF, <br />L.L.C. <br />1239 N. Burlington Ave., <br />Suite 200 <br />Hastings, NE 68901 <br />(402)462-5353 <br />202101845 <br />4. ACTIONS AFFECTING TRUST ESTATE. Trustor shall appear in and contest any <br />action or proceeding purporting to affect the security hereof or the rights or powers of <br />Beneficiary or Trustee, and shall pay all costs and expenses, including cost of evidence of title <br />and attorney's fees to the extent allowed by law, in any such action, or proceeding in which <br />Beneficiary or Trustee may appear. Should Trustor fail to make any payment or to do any acts <br />as and in the manner provided in any of the Loan Instruments, Beneficiary and/or Trustee, each <br />in its own discretion, without obligation so to do and without notice to or demand upon Trustor <br />and without releasing Trustor from any obligation, may make or do the same in such manner and <br />to such extent as either may deem necessary to protect the security hereof. Trustor shall, <br />immediately upon demand therefor by Beneficiary, pay all costs and expenses incurred by <br />Beneficiary in connection with the exercise by Beneficiary of the foregoing rights, including <br />without limitation costs of evidence of title, court costs, appraisals, surveys and attorney's fees. <br />Any such costs and expenses not paid within Ten (10) days of written demand shall draw <br />interest at the default rate provided in the Note. <br />5. EMINENT DOMAIN. Should the Trust Estate, or any part thereof or interest therein, <br />be taken or damaged by reason of any public improvement or condemnation proceeding, or in <br />any other manner, including deed in lieu of condemnation ("Condemnation"), or should Trustor <br />receive any notice or other information regarding such proceeding, Trustor shall give prompt <br />written notice thereof to Beneficiary. Beneficiary shall be entitled to all compensation, awards <br />and other payments or relief thereof, and shall be entitled at its option to commence, appear in <br />and prosecute in its own name any action or proceedings. Beneficiary shall also be entitled to <br />make any compromise or settlement in connection with such taking or damage. All such <br />compensation, awards, damages, rights of action and proceeds awarded to Trustor (the <br />"Proceeds") are hereby assigned to Beneficiary and Trustor agrees to execute such further <br />assignments of the Proceeds as Beneficiary or Trustee may require. <br />6. APPOINTMENT OF SUCCESSOR TRUSTEE. Beneficiary may, from time to time, <br />by a written instrument executed and acknowledged by Beneficiary, mailed to Trustor and <br />recorded in the County in which the Trust Estate is located, and by otherwise complying with the <br />provisions of the applicable law of the State of Nebraska, substitute a successor or successors to <br />the Trustee named herein or acting hereunder. <br />7. SUCCESSORS AND ASSIGNS. This Deed of Trust applies to, inures to the benefit <br />of and binds all parties hereto, their heirs, legatees, devisees, personal representatives, successors <br />and assigns. The term "Beneficiary" shall mean the owner and holder of the Note, whether or <br />not named as Beneficiary herein. <br />8. SALE OF SECURED PROPERTY. It is hereby agreed between the Beneficiary and <br />Trustor, in the event that the Trustor shall sell the property then the Deed of Trust and <br />Promissory Note shall become due and payable immediately. <br />
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