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<br /> txanaforr�d and Trua�or i� not u nrztural pezaon) without Benoficiary's ���-
<br /> ' ..� prior wri�ton con��n�, BanoQ�ciary mr�y, at its aption, requiro immediata ____
<br /> `�. � paymont in Qull oY a].1 sums socured by this security instrumont. �_,
<br /> Hootover, thi.s optf.on shall not be exeraiae by eQneficiary iP exoraise is ��
<br /> � prohfk�ited by Qado�a2 larrs as o£ the d�te oP this security instsumc�nt. �.
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<br /> • ' � � �'�. 9. APPOINTMENT oF SUCCESSOR TRUST��. Banoficiary mr�y, Prom timo to �--
<br /> �� time, by a wri�ton instrument executed and acknowledgnd by 8enoficiary, __
<br /> u�`�', mailod to Trustors and reaorded in the County in which the Truat Estate
<br /> � is located and by atherwise complying with the provisions oE tha _
<br /> �1 applicnblo lae� of tho 3tate of Nc�braska substitute a successor or
<br /> .� auaceasors to tho Trustoe namc3d heroin or acting hereunder.
<br /> , ;� 10. 9UCCE980RS AND A83IGN. This Deed of Truat applies to, inures Co _
<br /> the benofit of and binds al]. parties hF,reto, thoir heirs, 2egatees,
<br /> � devicees, �ersonal representatives, successors and assigns. The term
<br /> -�:.�.4.,•N�
<br /> �,i..�.•:.-,. �'Benaficiary" shall mean the owner and holder oP tho Noto, ahether or n�
<br />�=°'°�:'.; `� n�mc�s as Benefieiazy herein. �
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<br /> "' �� 11. I�TSPEC'�IONS. B�nagiciary, or its agents, representatives or
<br />__..��� � workmen, aro authorized to ��nter at any reasonable time upon or in any _
<br />"•`s'�°;�: part of the Truat Estate for the purpose of inspecting the samo and Por
<br /> ' ,t5,:w
<br /> .:., . the parpose of p�rforming any of ttse acts it is authorized to per orm
<br />;�,°��,.. unde.r the terms of any oE the Loan In$truxnents.
<br />- 12. FUTURE ADVANCES. Up�n request of Trustors, Lender at its optguch
<br />;,�v`���;�;,�'�� may make a�3ditional and Puture advances and readvanaes to Truotors.
<br /> :..:y.,�},�, advancea and readvanc�s, with interest thereon, shaZl be sacured by thia
<br /> ��'�ar•��� aeed of Trust. A� no ti.me ahall the principal amount of �he indabtedneas
<br /> _�°�����,�r� secured by this Ur�ed of Trust, not including sums e+��ancs8 ta grot�ct the -
<br />:�;'TS::':.p.'�t�41
<br /> -r��� oresixty thousandDdollaraTandt00/100�(S60e000.00)alwhichever�isggreatern�
<br />_.�,����s 13. EVENTS OF DEFAULT. Any of tho folloaing events shall be deemod
<br /> - an event o� doPault hereunders
<br /> � (a) Txustors shall have failc�d to m�ke payment of. any installmon�
<br /> _ - of interest, principal or principa]. and interest or any othsr sum secursd
<br />::,'�r';�;� herek;y whon dues or
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<br />-- (b) Ttiere has oocurrod a brQach �g or default under any eYm,.
<br /> N� covenant, agre�ement, condi�ion, provision, reprasentation or warranty ,
<br /> -- con�ain�d, 3.n any of the �,cr�n Instruments. rovisi�n
<br /> — (c) Ther� has occu�red � breach of ox default undex� �ny p
<br />�;.u_� af any othor 3.�E� or encumbranco upan tho property.
<br /> ,�.�y�— 14. ,ACCCLEItATIdN UPON DEFAULT, ADDITIONAI+ REMELIY'ES• Shauld an ev�n�
<br /> -`�`� of defa�aC oce.ur Bancficiary may 8ectare �1�. �ndebt�dness secured horeby
<br /> to be due and payab3.e and the same shall ttnereupon.�baaome due and payable
<br /> _ w�rhrnet any presentment, demand, protest or notice oP any kind. `
<br /> —�--�--� .�here�ftes Beneficiary ntay: -
<br /> '��`� (i) Either iri person oz by agent, with or wi.th,�ut bringing any�a��1An
<br /> '�=-�''''�`;�� or proceed3ng, or by a �:@�eiver appoir�ted by a court and u��.�hout rogard
<br />`- =rn=-^�t� to the adec�uacy af its secuz�ity, entor up��n and take posaQ�mion of tho
<br /> J` Trust Estate, oac �ny p�rt thereof, in its own name or 3n ��� name of
<br /> �-��=s� .� Trustea, and do �a�y acts which it deems necessary or desirable to
<br />_`�-`�"`F°''��°'"� preserve the vnlue, markotability or rontabili.ty a� the Trust Es�atta, suQ
<br />` =�_="�'-Y for or ot�aerwise collect the rents, issues and profits and the
<br /> .�.'�1�'.d.�
<br /> :�:��•�•�=�ri� application thoreoE aPorosaid, shall not csnse or waive any default or
<br /> -.. ,.-.s:....
<br />..°_;:;fti,},,,�.;;;�:�' notico of doPault hQreundar or invalidat� uay aGt dono in responso 0
<br /> ..�;i�� •-�-_=�, such default or pursuant to such notice of defaul� and, notwithstanding
<br />"`''����'""" the continuance in possession of tho Trust Estato or the collection,
<br /> :..v:.:,;:;u t�,:
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<br /> - : :.,,,,,,,,�,; soceipt and applic�tion or rents, issues or profits, Txu���e ox -
<br /> ' t� �,, �:` Benogiciary shall be �ntitl�d to exercisa Evory ri.ght px+u���c9od for in any
<br /> ���.� *�- ef the Loan Instrumonts or by law upon occurrence of any �a'ent of
<br /> :;:'k.:,�� de�sult, including the right to oxeraise ttae power oi sa�e.
<br /> ' :-�.,'� (ix) Gointnaezecoivor�nor�specif3.callyhanforce anyTo�sthes a
<br /> . . . .:.� mortgago� apP
<br /> ,; � 7� covenants here�f.
<br /> • (ii.i) Doliver to Trustee a written declarat3.on oP dofault �nd
<br /> • demand for sale, and a written notico oE d�fault and eYection to cause
<br /> � Trustors intc�res� in �he Trust �staLe to b� �old, Yrhich notice Trustee
<br /> �' � shall cause to be duly filed fox xecord in the approgriate Offici�al
<br /> � Records of the Coun�y 3n which tihe Trust Estate is located and Truotoo
<br /> ,.�,.•,� " shall proceed with �ereclosure by power of sale.
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