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5. TRANSFER OF THE PROPERTY;ASSUMPTION. If all or any part of the property or interest therein is sold,transferred or <br /> ot�Serwise conveyed by Trustor without Beneficiary's prior written consent, excluding (a) the creetion of a lien or encumbrance <br /> subordinate to this Deed of Trust, (b)the creation of a purchase money security interest for household appliances, (c)a transfer by <br /> �' devise,descent or by operation of law upon the death of a joint tenant or(d)the grant of any leasehold interest of three years or less <br /> not containing an option to purchase,such action is a breach of this agreement,and Beneficiary may,at Beneficiary's option,declare <br /> all the sums secured by this Deed of Trust to be immediately due and payable, or cause the trustee to file a notice of default. <br /> Beneficiary shall have waived such option to accelerate ff, prior to the sale, transfer of conveyance, Beneficiary and the person to <br /> whom the property is to be sold or transferred reach agreement in wrding that the credit of such person is satisfactory to Beneficiary <br /> and that the interest payable on the sums secured by this Deed of Trust shall be at such rate as Beneficiary shall request. <br /> 6. ACCELERATION UPON DEFAULT;REMEDIES;SALE.The failure by the Truslor to make any payment or to perform any of .' <br /> the terms and conditions of the Note,or any renewals,modifications or extensions thereof,or the payment of any other indebtedness <br /> secured hereby or in the performance of any of the covenants or agreements hereunder shall be a breach of this agreement and the <br /> Beneficiary may declare a defauR and may declare all sums secured hereby immediately due and payable and the same shall <br /> thereupon become due and payable without presentment,demand, protest or notice of nny kind.Thereafter, Beneficiary may deliver � <br /> to Trustee a written decleration of defauk end demand for sale. Trustor agrees and hereby grants that the Trustee shall have the f 'W� <br /> power of sale of the Property nnd�f Beneficiary decides the Property is to be sold it shall deposit with Trustee this Deed of Trust and C,� <br /> the Note or notes and any other documents evidencing expenditures secured hereby,end shall deliver to Trustee a written notice of ` y <br /> default and election to cause the Property to be sold,and Trustee, in turn,shall prepare a similar notice in the form required by law, �• }i <br /> which shall be duly filed for record by Trustee. � <br /> (a) After the lapse ot such time as may be required by law following the recordation of Notice of Default,and Notice of Defauft � <br /> and Notice of Sale having been given as required by law,Trustee,without demand on Trustor,shall sell the Property in one ' � <br /> or more parcels and in such order as Trustor mey determine on the date and the time and p!ace designated in said Notice � <br /> of Sale, at public auction to the highest bidder,the purchase price payable in cash in lawful money of the United States at � <br /> the time of sale.The person conducting the sale may,for any cause he or she deems expedient, postpone the sale from <br /> time to time until it shall be completed and,in every such case,notice of postponement shall be given by public declaration <br /> thereof by such person at the time and place last appointed for the sale;provided,ff the sale is postponed for longer than <br /> one (1) day beyond the day designated in the Notice of Sale, notice thereof shall be given in the same manner as the <br /> originel Notice of Sale. Trustee shall execute end deliver to the purchaser its Deed conveying the Property so sold, but <br /> wdhout any covenant or warranty,express,or implied.The recitals in the Deed of eny manners or facts shall be conclusive <br /> proof of the truthfulness thereof.Any person,including without limitation Beneficiary or Trustee,may purchase at the sale. <br /> (b) When Trustee sells pursuant to the powers herein,Trustee shall apply the proceeds of the sale to payment ot the costs <br /> end expenses of exercising the power of sale and of the sale, including,without limitation,the payment of Trustee's Fees <br /> incurred, which Trustee's Fees shall not in the aggragate exceed the following amounta based upon the amount secured <br /> hereby and remeining unpaid:5 percentum on the balance thereof,and then to the items in subparagraph (c)in the order <br /> there stated. <br /> (c) After paying the Rems specified in subparagraph (b), 'rf the sale is by Trustee, or the proper court and other costs of <br /> foreclosure and sele iT the sale is pursuant to judiciel foreclosure,the proceeds of sale shall be applied in the order stated <br /> below to the payment of. <br /> (t)Attorneys fees and costs of collection; <br /> (2)Cost of any evidence of title procured in connection with such sale and of any revenue required to be paid; <br /> (3)All obligations secured by this Trust deed; <br /> (4)The remainder,'rf any,to the person legally entitled thereto. <br /> 7. ADDITIONAL SECURITY INSTRUMENTS.Trustor,at its expense,will execute and deliver to the Beneficiary, promptly upon <br /> demand, such security instruments as may be required by Beneficiary, in form and substance satisfactory to Beneficiary, covering <br /> any of the Property conveyed by this Deed of Trust, which security instrume�ts shall be addftionel security for Trustor's faithful <br /> performance of all the terms, covenants and conditions of this Deed of Trust, the promissory notes secured hereby, and any other <br /> security instruments executed in connection with this transaction.Such instruments shall be recorded or filed at Trustor's expense. <br /> 8. APPOINTMENT OF SUCCESSOR TRUSTEE. Beneficiary mAy, from time to time, by a written instrument executed and <br /> acknowledged by Beneficiary, mailed to Trustor and recorded in the county or counties in which the Property is located and by <br /> otherwise complying with the provisions of the applicable laws of the State of Nebraska substitute a successor or successors to the <br /> Trustee named herein or acting hereunder. <br /> 9. INSPECTIONS. Beneflciary,or its ngents, representatives or workmen, are euthorized to enter at any reasonable time upon <br /> or in any part of the Property for the purpose of inspecting the same and for the purpose of performing any of the acts d is authorized <br /> to perform under the terms of the Deed of Trust. <br /> 10. OPTION TO FORECLOSE. Upon the occurrence of any breach and upon the declaration of defauft hereunder,Beneficiary <br /> shall have the option to foreclose this Deed of Trust in the mnnner provided by law for the foreclosure of mortgages on real property. <br /> 11. FOREBEARANCE BY BENEFICIARY OR TRUSTEE NOT A WAIVER. Any forebearance by Beneficiary or Trustee in <br /> exercising any right or remedy hereunder,or otherwise afforded by applicnble law,shnll not be e weiver of or preclude the exercise <br /> of any such right or remedy hereunder. �ikewise,the waiver by Beneficiary or Trustee of any default of Trustor under this Deed of <br /> Trust shall not be deemed to be a waiver of any other or similar defaults subsequently occurring. <br /> 12. TRUSTOR NOT RELEASED. Extension of the time for payment or modificetion or amortization of the sums secured by this <br /> Deed of Trust granted by Beneficiary to any successor in interest of Trustor shall not.operete to release,in any manner,the liability of <br /> the original Trustor and Trustor's successor in interest. Beneficiary shall �ot�ie rqqui[e�f to canamence pro�Ceedings against such <br /> successor or refuse to extend time for peyment or otherwise modity amoi�ation-o�the`�um� s�vurt,ci, by this�Deed of Trust by <br /> reason of any demand made by the original Trustor and Trustor's successors in interest " . a �.. `� . <br /> 13. BENEFICIARY'S POWERS. Without effecting or releasing the liability of the Trustor or any other person liable for the <br /> payment of any obligation herein mentioned, and without affecting the lien or charge of this Deed of Trust upon any portion of the <br /> Property not then or theretofore released as security for the full amount of all unpaid obligations, Beneficiary may,from time to time <br /> and without notice at the request of one or more Trustors(i)release any person so liable,(ii)extend or renew the maturity or alter any <br /> of the terms of any such obligations, (iii)grant other indulgences, (iv)release or reconvey,or cause to be released or reconveyed at <br /> any time at Beneficiary's options any parcel, portion or all of the Property, (v)take or release any other or additional security for any <br /> obligation herein mentioned, (v) make composkions or other arrangements with debtors in relation thereto. All Trustors shall be <br /> jointly and severally obligated and bound by the actions of the Beneficiary or any trustor as herein stated. <br /> 14. ATTORNEY FEES,COSTS AND EXPENSES.If the Beneficiary of this Deed of Trust is a bank as defined by Nebraska law, <br /> any statement contained in any other section of this deed notwdhstanding,the Beneficiary shall not be entitled to receive or take and <br /> debtor shall not be obligated to pay or give;any confession of judgment, power of attorney to confess judgment,power of attorney to <br /> appear for a borrower in a judicial proceeding or agreement to pay the costs ot collection or the attorneys'fees, unless the interest <br /> payable by the terms of the Note referred to in this deed is 16%per annum or less,or the note referred to in this deed is repayable in <br /> two or more equesl or unequal installments and over a period of more than one hundred forty-five(145)months. Provided,however, <br /> that this section does not apply to the trustee fee referred to in Paragraph B.6(b). Provided further that this Paragraph 8.14 shall not <br /> apply to this Deed of Trust,ff the Beneficiery herein is not a bank. <br /> RIGINAL(1) <br /> en�n��o�i ��ra��..�..�e�� n�ssw�urs wwsv i.• ....-.�....... . <br />