Laserfiche WebLink
202102386 <br />LOAN #: 001879056 <br />proceeds of sale to payment of (i) the Indebtedness (ii) all other sums then secured hereby, and <br />(iii) the remainder, if any, to the person or persons legally entitled thereto. <br />(c) Trustee may in the manner provided by law postpone sale of all or any portion of the Trust <br />Estate. <br />(d) Any person (including his successor and assigns) receiving title to the Property through <br />foreclosure or deed in lieu of foreclosure shall receive title to such property free and clear of any <br />collateral agreements restricting the use of such property. <br />(e) If any holder of the First Deed of Trust (the "Senior Lien Holder") shall acquire title to <br />the Property pursuant to a deed in lieu of foreclosure, the lien of this Second Deed of Trust shall <br />automatically terminate upon the Senior Lien Holder's acquisition of title, provided that (i) Beneficiary <br />has been given written notice of a default under the First Deed of Trust and (ii) Beneficiary shall not <br />have cured the default under the First Deed of Trust within 30 days of the notice sent to Beneficiary. <br />12. Remedies Not Exclusive. Trustee and Beneficiary, and each of them, shall be entitled to <br />enforce payment and performance of any indebtedness or obligations secured hereby and to exercise <br />all rights and powers under this Second Deed of Trust or under any Loan Instrument or other agreement <br />or any laws now or hereafter in force; notwithstanding, some or all of the such indebtedness and <br />obligations secured hereby may now or hereafter be otherwise secured, whether by mortgage, deed <br />of trust, pledge, lien, assignment or otherwise. Neither the acceptance of this Second Deed of Trust <br />nor its enforcement, whether by court action or pursuant to the power of sale or other powers herein <br />contained, shall prejudice or in any manner affect Trustee's or Beneficiary's right to realize upon or <br />enforce any other security now or hereafter held by Trustee or Beneficiary, it being agreed that Trustee <br />and Beneficiary, and each of them, shall be entitled to enforce this Second Deed of Trust and any other <br />security now or hereafter held by Beneficiary or Trustee in such order and manner as they or either <br />of them may in their absolute discretion determine. No remedy herein conferred upon or reserved to <br />Trustee or Beneficiary is intended to be exclusive of any other remedy herein or by law provided or <br />permitted, but each shall be cumulative and shall be in addition to every other remedy given hereunder <br />or now or hereafter existing at law or in equity or by statute. Every power or remedy given by any of <br />the Loan Instruments to Trustee or Beneficiary or to which either of them may be otherwise entitled, <br />may be exercised, concurrently or independently, from time to time and as often as may be deemed <br />expedient by Trustee or Beneficiary and either of them may pursue inconsistent remedies. Nothing <br />herein shall be construed as prohibiting Beneficiary from seeking a deficiency judgment against the <br />Trustor to the extent such action is permitted by law. <br />13. Request For Notice. Trustor and all other parties set forth herein hereby requests a copy of <br />any Notice of Default and a copy of any Notice of Sale hereunder be mailed to them at the address set <br />forth in the first paragraph of this Second Deed of Trust. <br />14. Governing Law. This Second Deed of Trust shall be governed by and construed in accordance <br />with the laws of the State of Nebraska. In the event that any provision or clause of any of the Loan <br />Instruments conflicts with applicable laws, such conflict shall not affect other provisions of such Loan <br />Instruments which can be given effect without the conflicting provision, and to this end the provisions <br />of the Loan Instruments are declared to be severable. This instrument cannot be waived, changed, <br />discharged or terminated orally, but only by an instrument in writing signed by the party against whom <br />enforcement of any waiver, change, discharge or termination is sought. <br />15. Reconveyance by Trustee. Upon written request of Beneficiary stating that all sums secured <br />hereby have been paid and upon surrender of this Second Deed of Trust and any note to Trustee for <br />cancellation and retention and upon payment by Trustor of Trustee's fees, Trustee shall reconvey to <br />Trustor, or the person or persons legally entitled thereto, without warranty, any portion of the Trust Estate <br />then held hereunder. The recitals in such reconveyance of any matters or facts shall be conclusive proof <br />of the truthfulness thereof. The grantee in any reconveyance may be described as "the person or persons <br />legally entitled thereto." <br />16. Notices. Whenever Beneficiary, Trustor or Trustee shall desire to give or serve any notice, <br />demand, request or other communication with respect to this Second Deed of Trust, each such notice, <br />demand, request or other communication shall be in writing and shall be effective only if the same is <br />delivered by personal service or mailed by certified mail, postage prepaid, return receipt requested, <br />addressed to the address set forth at the beginning of this Second Deed of Trust. Any party may at any <br />time change its address for such notices by delivering or mailing to the other parties hereto, as aforesaid, <br />a notice of such change. <br />NIFA HBA Loan/Form H <br />(10/2015) 4826-5279-3871.2 <br />Ellie Mae, Inc. <br />Page 5 of 6 I1052NEDE 0915 <br />I1052NEDE (CLS) <br />