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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 /> � otherwise conveyed by Trustor without Beneficiary's prior written consent, excluding (e) the creation 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 e 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 paynble, or cause the trustee to file a notice of defauft. <br /> B�neficiary shall have waived such option to accelerate'rf, prior to the sale, transfer of conveyance, Beneficiary and the person to <br /> whom the property is to be sold or transferred reech agreement in writing that the credit of such person is sntisfactory 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 Trustar to make any payment or to perform any of <br /> the terms and conddions of the Note,or any renewals,modifications or extensions thereof,or the peyment 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 defauk and may declnre ell sums secured hereby immediately due and peyable and the same shall � <br /> thereupon become due nnd paynble without presentment,demend,protest or notice of any kind.Thereafter,Beneficiary may deliver <br /> to Trustee e written declarntion of defauft end demand for sale. Trustor agrees end hereby grnnts that the Trustee shall have the F.�► <br /> power of sele of the Property and rf Beneflciary decides the Property is to be sold it shall deposit with Trustee this Deed of Trust and Q <br /> the Note or notes and any other documents evidencing expenditures secured hereby,and shall deliver to Trustee a written notice of � <br /> defauR and election to ceuse the Property to be sold, and Trustee, in turn,shall prepare a similar notice in the form required by law, � <br /> which shell be duly filed for record by Trustee. <br /> (a) After the lapse of such time as may be required by law following the recordation of Notice of Defauk,and Notice of DefauR � �. <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 may determine on the date and the time and p!ece designated in said Notice <br /> of Sale,at public auction to the highest bidder,the purchase price peyable in cash in lewful 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 shell be completed and,in every such case,notice of postponement shall be given by public declaration <br /> thereot by such person at the time and plece last appointed for the sale; provided, 'rf the sale is postponed for longer than <br /> one (t) day beyond the day designated in the Notice of Sale, notice thereof shall be given in the same manner rss the <br /> originel Notice of Sale. Trustee shall execute nnd deliver to the purcheser its Deed conveying the Property so sold, but <br /> without eny covenant or warrenty,express,or implied.The recitals in the Deed of any menners 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 shell epply the proceeds of the sale to payment of the costs <br /> nnd expenses of exercising the power of sale nnd of the sele, including,without limitation,the payment of Trustee's Fees <br /> incurred, which Trustee's Fees shall not in the nggregate exceed the following nmounts based upon the amount secured <br /> hereby and remaining unpeid:5 percentum on the belance thereof,and then to the items in subparagraph(c)in the order <br /> there stated. <br /> (c) After paying the ftems specified in subparagraph (b), rf the sale is by Trustee, or the proper court and other costs of <br /> forecloeure and sale ff the sele is pursuant to judicial foreclosure,the proceeds of sale shall be applied in the order stated <br /> below to the payment of. <br /> (1)Attorneys fees and coste of collection; <br /> (2)Cost of any evidence of title prxured 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,if 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 Beneflciary, covering <br /> any of the Property conveyed by this Deed of Trust, which security instruments shall be additional securiry 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 connedion wfth this trensection.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. Beneficiary,or its egents, representatives or workmen,are authorized to enter at any reasonable time upon <br /> or in any part of the Property for the purpose of inspecting the same end for the purpose of performing any of the acts it is authorized <br /> to perform under the terms of the Deed of Trust. <br /> 10. OPTION TO FORECLOSE. Upon the occurrence of nny breach and upon the declaration of defeuk hereunder, Beneficiary <br /> shall have the option to foreclose this Deed of Trust in the manner provided by law for the foreclosure of mortgages on real property. <br /> 11. FOREBEARANCE BY BENEFICIARY OR TRUSTEE NOT A WAIVER. Any forebearence by Beneficiary or Trustee in <br /> exercising any right or remedy hereunder, or otherwise efforded by applicable lew,shall not be a waiver of or preclude the exercise <br /> of any such right or remedy hereunder. Likewise,the waiver by BeneCrcinry or Trustee of any defauk of Trustor under this Deed of <br /> Trust shall not be deemed to be a waiver of any other or similar defeuks subsequenty oxurring. <br /> 12. TRUSTOR NOT RELEASED. Extension of the time for paymelpx Q,�„,modiflcation or nmortization of the sums secured by this <br /> Deed of Trust grnnted by Beneficiary to any successor in interest of Tnystaif•ah�q�"riq r y`�,[qJ��se,in any manner,the liability of <br /> the original Truetor and Trustor's sucxessor in interest Beneficiary s�ell npt�-¢�re� ired"!a aorocfb�c,� edings against such <br /> successor or refuse to extend time for pnyment or otherwise modify eiPlot¢iz�et�ora o�t�5b'"'s`Lns secutetl b this Deed of Trust by <br /> reason of any demand made by the original Trustor and Trustor's successors irt intaiest ��?`� h'"� -� <br /> 13. BENEFICIARY'S POWERS. Wfthout affecting or releesing 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()release any person so liable, (i)extend or renew the maturity or aRer any <br /> of the terms of any such obligations, (iii)grant other indulgences, (v)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, (w) make compositions or other arrangements with debtors in relation thereto. All Trustors shall be <br /> jointly and severally obligated and bound by the actions of the Beneflciary 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 ngreement to pay the costs of 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 equal or unequal instellments and over a period of more than one hundred forty-frve(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,'rf the Beneficiary herein is not a bank. <br /> , <br /> RIOINAI.(1) <br /> lS07ff71 RFV_17-OB Ndxw�Ya eneenw�n nnnv i.� ..,,��_.._. . <br />