|
� �
<br /> 8 ETIMM D01lNIII.40ndQr i4 hBrOby d94�gn@tl tll�COmpOn9p1�0� AW1tdS UITAQC9�7�tl bl�Bt p.7ymOn19 Or rChP)�hnre�n81t0� PrOCOOd!)in COnnOCUO�wdn �
<br /> tonQemnsti0�otothOrtaM�nt�olinePropertyorpartihoroof orlorconvoynncoinl�euolcontlomnnt�on Londorsh011poontillodlt�isopliOnlocpmmance.app0:t�i�nn0
<br /> t�rUS8Cu�0 m AS pwn ndmp Any ACbOn p�pip�000���9.ArtQ ShA�I A�80 DO Rn1�1ICC1 IO mAko Any comprJm�58 or s�tttOmont in cOnnect�on with such tak�ng or damdg0 In iho
<br /> o�ent any pnrt�on o1 l�e Property i!eo taken or oamagod lonCer ehail�avo ino opt�on m its soie anO absaluto tl�sc�otion.to apply all such PrOCOeds.ditat daducting
<br /> tn1lMl►O�II11f I co�tsllntl��peMe�incUtreA by�I in connection w�ih�uch proCnACl.lipon Any�ntleDtednes9 securOd hereby d�et�n 9uch oidor AB LontlPr mAy tlete�minp,or to
<br /> pppty�II�uC�ProcoaCS.�ita�eucn tletluci�one to t�e rolloratlon o1 1he P�openy upon suCh conG�t�on5 as LenBrr may determ�ne Any appl�c�tian o1 Proceetls to
<br /> �nd��taQnfaf�hetl not a�tRna or pn�tpone t�e tlue tl�te o}eny peyments unCor Ihe Note.or cure eny default ihereunde�o��oreuntler
<br /> � hAanNne��yLMdu.lntheevenlolBorrpwer'sla�lut�toperiprmanyotlhecovenentehore�nprmaNeanypaymenlsrequiretlhoreby.or�tanyacti9laMenOr
<br /> Iapalpracaad�npcammancntlwh�chmatar�anyatWctsLOnOarsmtarast�nthaPropacty.Lnntlarmay�n�lauwnJ�ac�aban.Dutiw�tnoutoDl��auantotlaso andw�thoutnolice
<br /> � tourWmandupo�8orrow�randwrthoulreleafinpBorrowerlrOmpnyobligat�on.doonyactwhichthoBorrowerh��agreedbutfa�lstodoandmayalsodoanyotheractit '
<br /> Ae�mf MC��fary ttf proNCt the feCUniy hereof Borrpwer a�1111,immeC��tety uAOn Aemend Ihe►etor by�enAer,pay to Lender ett co�i�anA expense��ncu►re0 and sum4
<br /> •,�p�nAW dy L�ntl�r�n eann�ct�an w�th t�e axerC�se by LanAer ot the foragoing ng�ts.togethar w�tn�ntoresl t�eroo n at tne rate prov�tletl�n tho Noto.wh�ch sna11 Ce nCded to
<br /> 1M indoOtWnn�pcured heaby LenAO��hal1 npt mcur any personai nab�l�ty Decause o1 anyth�ng�t may do ur om�l to do nereunCOr
<br /> 8 [wnY N Gf�4i1.jA�fottowmg inall canst�tute an event ot detault u�der th�s peed of Trust:
<br /> • �"t1 (+�) Fa��u►etop�y�nyin�l�Ilmenlofpnnr.ipalo�lnteresto�anyothereumsecurBdAerebywAandue.orlaiiuretopaywhendueanyotherindebtadnessol
<br /> � Qorrow�r to l�ntltr
<br /> � (b) A Or�aCA of or datautl untler any prov�sion contained�n the Noto,ihis Oeed ot Truat,eny document which aec�re�the Note.and any other
<br /> ancumOnnc�upon t�a Prope►ty;
<br /> • � (cl A writ of axaeut�o�or attachment or eny aimdar process aRall Da cnteretl ags�mt Borrower which nP�all Cecomea tien on the Property or pny portion
<br /> ihare0l O►fntOtlftth�rlln;
<br /> � (d) Thera fhall bs tilad by or a9ainll Barrower an actfon under a�y presem or lutura fede�al.etate or ot�er statute,law or requlation relatiny to
<br /> bankruptcy,insoivancy or other rellel for debton:or there ahall be appointca any vuetee,�eceive�:,:::auidator o1 Borrower or ot ail or any part ott�e Property,or
<br /> iM ranb,i�swa ar prolits thsreof,o►Borrower ahall make eny general assignment for the Cenetit o1 cred�tors
<br /> � t (e) Tha sate,iranate�,auignmenl,conveyance or furt�e�encumbranco of ai1 or any pah o1 or ony interest m ihe PropeAy,e�ther vplu�tanly or
<br /> � �nvoiuntaaty,witrioui lna expre�writtan consent ot Lendar.
<br /> � (f) N Borrowe�I�not dn indivldual,the aale,tranefgr,ess�gnment,conveyanCe or e�cum6rance ot more►han percent oi(i1 a CarpOratlon)ita
<br /> iuwd and outetandiny ntxk or(it a parinerehlp) percent ot partnership m;erests.
<br /> 9. R�M�db�;ACC�Nntbn UpOn M1�uM.ln the evpnt p1 any Event of Oetault LenCer may declare all indebtednes9 secured hereby tP be due and payable and ihe
<br /> � sams sha11 theroupoa E�eome due and payabte without sny presentment,demand,proteat or notica o1 any k�nd.Thereafter Lender may:
<br /> i (a) Dama�alhatTruateeexerclaethePOWEROFSAIEgra�tedhereln,antlTrustees�alll�ereeit8rtauSe80rrower'9intereatmlhePrOpsrtytabesold
<br /> and the prceeeCa to be diatnbuted,ail in the manner provitled in the Nebraska Truat Deada Act:
<br /> �b1 EithEr in perlOn or by agEnt,with or without bnnging any aCtion or proteedi�g.or by a receiver appointed by a court and w�thOUt regard to the
<br /> edequacy o11ta security.enter upon and take possession ot the Property.or any paN thereol,in its own neme or m the name of tne Trustee.and d0 eny acts w�ieh
<br /> �1 daeme neceasary or desirabte to proserve the value,marketabiiity or rentab�lity o1 the Propehy.or paA thereof or interest therein.increase the income
<br /> t�ere}rom or protect the security hereol a�tl,witn or without takmg possession ot the Property,sue tor or otherw�se coilecf the renta.ieeues and profitsihareof.
<br /> incluCiny ihose past tlue and unpaid,and epply ihe same,less costs and expenses of operation and collect�on including attorneys'tees.upon any indebtedness
<br /> � seCUred herEOy,ell in such order aa Lender may determ�ne.The entenng upon antl takmg possess�on ol the Property,the coileetion o1 suCh rent9,ilsue�and
<br /> I protda�nd the apptication t�ereot ea atoreaaid.Shall not cure or wa�ve any delauH o►not�ce pt tletaup hereunCer or mval�date any aCt Cona in response to such
<br /> � dehult or purouant t0 suth notite 01 default antl,notwrthstandfng the continuance�n possess�on ot the Property or the co118ct�on,reteipt and appliCation of
<br /> �enis.issuea o�prof�ts.Trustee or Lender shall be enM7ed to exerc�se every nght prov�ded tor in any o1 the Loan Instruments or by law upon occurenCe of any
<br /> event o1 defauN.including the right to exercise the pawer of sate:and
<br /> (cl ComminCO an aGt�on to foreclose this DeeO Of Trust as a rt:oRgag9.appomt a recerve►,or 9pecd�cally eMorce any of the cOVenanl9 here0l: . ,
<br /> No�emedy herein conterrM uROO o�reeerveOtoTr�stee or lender q intended toCeexclusive of any ot�er remedy herein or by law provfdetl or permdted,but each s�all be �
<br /> cumul�tive,shatl be i��tlditiort teevery otner remeQy given hereunder or now pr�ereafter existmg at law or�n equ�ty or Dy statute.antl may be eaerc�sed concurrentty. � "i
<br /> iodependently or suecsssively. , =
<br /> 10. T�usM�.The Trustee may resign at any time w�thout eause.and lender may a1 any t�me and w�tnout cause appo�M a successor or suOSUtuta Trustee.yceistee ;__�
<br /> ishall not Ce liable for any losa or damage untess due to act�onable neghgence or wiufui m�sconduct,and shall nol be reqwred to iake any aet�on�rt connection witb the
<br />. IIII:C:C'T�r2 a:SAi'o�'�L'!T:.io L•M oS fR� ... .�d.art•::r:tc=ia.tar�t!ta�tS.tOmF,^,ri�s:E...^.II: -p8n�� xhiLh m°'i E^,3............ ••w�r�°i!h !.^.�Qd:liatt,?•1S!°°!!!°� - -- ---- ..- .__..
<br /> � beCOmsapurChaseretanysalbOltheProperty(jud�a�alorunde►thepOwerofsalegrantedhere�n):postponethesateofa�toranypor:��noltheproperty.asprovid80bytaw: i—
<br /> or sell the Property sa e whole.or in separate parcels or Iots-
<br /> 11. Fulun Adv1���.Upon raquBSt o1 BorrOwer,Lendev may,at�ts opLOn,make atltl�UOnal a�tl future ativances antl readva�ces to Borrower.Such adva�ces and
<br /> rESdvanCes.with interl3t therOOn.ahell he aecured by th�9 Oeed Ot Trust.At n0 t�m0 Shall th0 pnnci�al emOUnt ot I�B�ntlebt¢CnesS S¢CUt@d Dy thi9 OB@d OS TtU51.n01 In-
<br /> c�udingsumsadvanceAtoprotectthesecurityollnisDeedotTrust.exceedthoer�gmalpnnc�paramountstatedhere�n,or5 7.�Z�0-QQ .wnicneveris � �
<br /> greater.
<br /> 12. YheM�mo�n Prorhlons.
<br /> (a) Sortowr Not RthaNd.Extension ot 1he t�:+�8 tpr payment o�moEil�Cat�On pt amort�tation ot the sums Secured by th�9 Deed o1 Trust granteC by
<br /> Leader t0 any Successar in interest o1 Borrower sha11 nOt Op�ra14 to release.in any manner,th9 I�atility of the ong�na�BOrrower and Borrower 9 suCCeSSOrs�n �
<br />, interast.lender Shall not be requited to Commence prp�eedi ngs against such sucCessor o►re�use to extend a me tor payment or otherw�sa modify amorf izat�on
<br /> � ot ttie sume secu�ed by th�a Deed ot Trust by reason o1 any demands made by the ongmal Borrower and Borrowei s successors m interest.
<br /> i (b) L�nd�I�POwln.W�th0u18ftetfingthPliabibtyotanyotherpersonl�ablelortbepaymentotdnyobl�gaUOnheremmentroned.andwithou181tectmg
<br /> the tien Or Chprye 01 thi�Oeed O1 Trust upon any port�on o1 the Property nol then or theretolore released eS secunty}or the tull amounl0f all unpaiA oDltgat�ons,
<br /> Lender may,irom tlme to dme and without nottce(i)retease any p0rson so liable,(��)extend the matunty or alter any of the term!ot any such o�t�gat�ona.(u�)
<br /> gant othsr indulgence�.(iv)release or reconvey.or ca�se to be released or reconveye0 at any hme at Ler,aer's opuons a ny parcel.portion or a11 of the Property. �'�
<br /> { (v)take or release a�y otheror adAiUOnal security for any obl�gat�on herem menboned.o�(v�1 make composd�ons or oVte-arrangements w�th debtors m relation ��
<br /> 1 tneroto. '^'"�"
<br /> • ���
<br /> (C) Fo�b�M�c�by L�nd��Not�Wafv�►.Any forbearance by LenGer�n exerc�sing any nght orremedy hereunder.or Otherwe5e giforded by app��tabt0 �
<br /> � law.Shil)ROt b!8 waivl�01 Of pfBCludE thB OxCfC�SO Ot 8ny Such right O�rOmedy.ThB ptpCUr6m@nt ot i n5urance Or thg p8ym8nt 01 taxQS Or OthBt IIBns or charg85
<br /> , by LenCer nhall�ot be a waiver of Lendei e ng�t to accelerate the matunty of the�ndebtedness secured by this Oeed ot Trust.
<br /> (d) lua�NOn M�d bslyns SouM;Jolnt and S�wnl Llabllltr;Capllon�.The Covenants antl dgreements herein conta�ned shall binC.an0 the ngAts
<br /> . hereunder shall inureto.the respective successors and ass�gns o1 Lenaerend Borrower,subject to tne prov�s�ans ot parag.aph 8(e)hereof An covenan;s and �
<br />; agreemenU ol8orrower shall be Joint end several.The captions antl heaGmgs ot 1he paragraphs ot th is Deed o1 Trust are for convenience onty and are not to be •
<br /> used to interpret or define the provisions hereol. �
<br /> � (e) MqwstlwNoBCN.TheDartroahe�ebyrequestthatacopyotanynot�ceofaefauithereuncierandacopyofanynot�ceotsa�ehereunde►bemailedto 1
<br /> eaChpartytOtAisDeedolTrustattheeQdreS9settOrthabovemthemannerprescribedbyappl�tabie�aw Except}oranyothernotitereqwreduntlerappl�cable
<br /> ? law to bE yiven in anothEr manner,any notic0 prov�dBd/0�in th�s Oeed of Trust shall be gwen by mail+ng suth not�te by tertitied mail atldressetl t0 thB Other �
<br /> partisa,at the address set torth above.
<br /> - Any notiCe provided fo►in thts Deed of Trust shatf be deemed to havB been gwen to 6orrower or Lender when g�ven in the manner des�gnaled Aerein.
<br /> • (t) In�etlon,lender may make or causeto be maae reasona5teentnes upon antl mspect�ons of the Property.prov�0ed that Lende�shau g�ve Borrower
<br /> ' • notice pti0�to any such irtapeetion spet�fy�ng reasonable cause theretor�elated to LenOei s interest�n tne Property
<br /> (g) R�ea�wyine�.Upon payment o1 all suma secured by this Deed of Trust.Lender snaU request Trustee to reconvey the PraFerty antl shall surrender
<br /> thla Oeed ot Trust and all�otes evldencing indebtedness secured by this Oeed of Trust to Trustee.Trustee shan reconvey the Property without warranty and
<br /> • without eharge to the person or persons legatly ent�tleA thereto Such person or persona shalt pay att costs of recordat�on.�1 any.
<br /> (h) P�nonNP�Op�rty,i�curNyAy�NnMnt.A9additionalsetuntyforthepaymentolthoNOteallf��tures.equ�pment.andotherpersonalpropertyusetl
<br /> �n cannection with tha real estate or imp►ovements located thereon,and not otherw�se declared or deemed to be a part of the reai estate secured nereby,shau be
<br /> aubJECttoaaecuntyinterE3liMavotoltheLenderund�rtheNebraskaUndormCommeraalCode-TM1�9mst�um9nt5haltbeconslrueOasaSecunlyAgreement _ ___ __ _
<br /> undEr 38id COtle.and thp LlndEr Shell have e11 the rights end t@medies O}a 5@tured party undet Sa�d Code�n addit�on to the nghts anQ remedi@9 created under � ^
<br /> and accorded the Lender pursuant to th�s Oeed of T�ust. �
<br /> p) S�wt�bWlr.IntheeveMt�atanyprpv�s�ono�thi50eeCOtT►uslconlhclwrthappt�cabtelAworaretleclare0mvahtlorotnerw�seuneMorceaDle.sucn �
<br /> CO�(IIC10t�nv�IldilySA�I1n0181fBC1thBOtA9►prOV�SiOn901thi40eBA01T�uStO��h8N010w1�iChCanbegwBnLf}@C1WitAOUt�h@CO�11iCt��gprOV�Si011.OndtOt�iS � �
<br /> � end the prov�s�on!of the Oeed of Trust and tne Note are tleclared lo De severabte� ;
<br /> Borrower nae oxecute0 ma beed o1 Trus�the Oate wntten above.
<br /> . � �� � • (�(�
<br /> '`�?Cbt�..-- '�s�\ .- -
<br /> � --� --- ----------
<br /> (Norman L. Nietfeldt) ����� e•
<br /> (Char ene M. Nietfeld B�«owe� � �
<br /> , .
<br /> � �
<br /> J
<br />
|