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202200922
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2/4/2022 10:27:02 AM
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2/4/2022 10:27:02 AM
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DEEDS
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202200922
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20220092 <br />Default and Notice of Sale hereunder upon default addressed to them at 107 East 9th Street, <br />Grand Island, Nebraska, 68801. Out of the proceeds of said sale, the Trustee shall retain <br />and pay first all fees, charges, and costs of sale, and all monies advanced in the exercise of <br />the power of sale, including the payment of the Trustee's fees actually incurred, and pay <br />second the obligations secured by this Deed of Trust; and the balance, if any, shall be paid <br />to the person or persons legally entitled thereto. Any person, including the Beneficiary, may <br />purchase said property at such sale. <br />The Trustor covenants that at the time of delivery of these presents, they are seized <br />of said property in fee simple, and that said property is free of encumbrances, except <br />encumbrances, easements, rights-of-way, restrictions and reservations of record, and they <br />will properly maintain the property, keep all buildings insured for fire and extended coverage <br />in an amount equal to the unpaid balance of the aforesaid Note, with loss payable to the <br />Beneficiary, and will pay all taxes and assessments against said property and amounts due <br />on prior encumbrances, and if they shall fail to pay insurance premiums or taxes on amounts <br />due on prior encumbrances, the Beneficiary may pay the same, and all amounts so paid <br />shall become additional indebtedness due hereunder; and in case of foreclosure or other <br />proceedings to which the Trustor shall be a party, Trustor will pay any reasonable attorney <br />fees incurred by Beneficiary or Trustee in such foreclosure or other proceedings to the extent <br />permitted by applicable law. <br />Trustor shall make no alterations, improvements, or changes to the above-described <br />property without the written consent of the Beneficiary. <br />Should the Beneficiary hereunder be made a party to any action affecting this Deed <br />of Trust or the title to said property, the Trustor agrees that all court costs and a reasonable <br />attorney fee paid by the Beneficiary shall become additional indebtedness due hereunder, <br />and the Trustor hereby release and waive all claims to said property as a homestead <br />exemption or other exemption now or hereafter provided by law. <br />It is agreed that in case of default in payment of said principal or interest or a breach <br />of any of the covenants herein, or upon any sale or transfer of the property by the Trustor, <br />then said principal sum hereby secured and interest thereon may, at the option of the <br />Beneficiary, become due and payable at once. Anything in said Note and this Deed of Trust <br />to the contrary notwithstanding, upon default, the Beneficiary shall be entitled to immediate <br />possession of said property, together with the rents, issues and profits therefrom, and on <br />failure of Trustors to deliver such possession, the Beneficiary shall be entitled to a Receiver <br />for said property that may be appointed by any court of competent jurisdiction. <br />All the covenants herein shall be binding upon the respective heirs, personal <br />representatives, successors, and assigns of the parties hereto. <br />
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