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<br /> �_— ... .....-"..___.� ' � . . . , .� .,...
<br /> 93-��i�
<br /> io �ition !o a��wity in�urma�, Trv�tors �hail prnvid� and pay th�
<br /> prs�iu�w on �aprah�n�iw ii�biiitx in�vrauia� ooverin4 aao�h px�ei��� �na
<br /> �reft�ctinq tih� W�n�lioi�ry and Trurtor� lso� �il alaiw, �nd�, l�w�uit�, an4
<br /> n�ot• �ri�in� aut o! in�ury top�r�on� or d�aq� to pro�rty xcsuurrinq on
<br /> �ao6 pra�rCy. Th� aawraq� �hall 1� in an �nount o! not 1��� than ;30Q,OO�D
<br /> �inqlw 1lmit !or bodily injury end pro�p�s'ty d�0�. Th� liabilitY in�usano� and
<br /> a��ualry in�urana� m�y b� pxoour� �n � rir►qi� policy or may b� obtiainsd in
<br /> ��p�rat� poliai�s. In any w�nt, �uch poliay or poliai�� sh�ll n� e�n�liaiary
<br /> """ �' and Tru�tior� e� in�uro8o 8o thoir intoreata may appeer, and 8eneficinty ehnZl be -
<br /> provi�lf with a Grtitiatt�o! In�urana� or dupliaat� copy �howinq th� insurana�
<br /> to b� in �ull lora� anE �!l�at at all tiaMS durinp th� t�rm o! thi� DMd o!
<br /> Tru�t.
<br /> 4. ACTIONB AFFBCTINO T_R09T SBTATB• Tru�tor� �hall app�ar in end cont�st
<br /> any action or proa�ee� g purpc n9 o l�at ths ��aurity h�reof or th� riqhte
<br /> � , or paw�rs of A.n�fiaiary or Truot��, and shall pay all ccst� and �ns�s,
<br /> -- including coet of evidence of titla and dttorn�y'e fo��, in any suah 4axion or
<br /> — proc�ding in which H�n�fiaiary or Trustea may appear. Should Truators Pail to
<br /> �aslc� any paym�nt or ta do any aat as and in the men�sr providod in any o! th�
<br /> ,�: Loan Inats�umsnto, eer��ficiary and/or Trustea, esch in ita own disaration, without
<br /> abligation, mny melce or do tho same in such mannsr eu�d to such extont ae either
<br /> �m,y d�em necetsary to pmtact tho sscarity her�of. Truators ehall, in�nediat�ly
<br /> — upon demantl th�refor bp A�neficiary, paY all coats and expone�a incurrad by
<br /> - Benefiaiary in corusection with the acerciae by Baneflciary of tha for�ainq
<br />° righta, includ?n� with�ut limit:�tion, costa of evidence oP title, court costa, __. _
<br /> a pr� aisals, surveys and attorney�s fee�. Any such coats and expensea not paid
<br /> �w�thin ten (10) days of written d�mand �hall drax.interaot at tho d�fault rata
<br /> .. � pranided in the Note. ___.
<br />_a'���� ' ' S. INENT 1'��1• Should the Trust �state, or any part thereof or
<br /> .�•, r• �
<br />��:''•.`:- a.�' :i��t+'' --�-,-^.' �::_--
<br /> r ,;,s• interest t ere3'n, Ae �axen or demaged by reaeon of any ublic ic�rovement or
<br />_.�.Jf., .:,t _ �'_._.
<br /> „� aondemnAti�on roaeedir�g, ax in any other mann�er inalu ing deed �n liQU of
<br /> ���.;�• �� " Condemnation g"Conderaaation"), or ahould Trnatdrs receive any not�ce or other •_
<br /> ,��.�.r,, infoxznation regarding auah proceeding, Truetors shall give pro�npt written notiae _
<br /> "�" ":•�+' t'hereaf ta geneficiary. Beneticiary ehall be entitled to all compeneation an�l
<br /> .- . • ; �•��>. �� condemnation awards and other paymente or relief therefor, and shall be entit�ed
<br /> �:,�;�. ,r _ , ta ma3�e aray cwnprapise or settlament in cotu�ection with auah taking or demage.
<br /> r�._ Al1 auch compensation and conaaranation, awards, damaqes, rights of action anc7
<br /> , `J� :�.�a►����?� prxaeds awarded to irustors (the nFrr�c�dc3s") a.re hereby assigna�ta Eanaf3c3ary;
<br /> v,���
<br /> "'f�:''�„�,1�,,�s,�?;,,��;,,« and Truetors agrees to exaaute auch furthax aseignmenta af the Pzoceeda as
<br /> ' '�'�'"'•��?•�!�� •� .:-`" Beneficiary or Trustee may require. �....
<br /> :�:•::••.,:,� .
<br /> ��.�'%�r.... ,,. ,
<br /> • � 6. APPOINTI�NT OF 30CCESSOR TR03TEE. Heneficiary may, from time to time,
<br />-�,� � " '." ' ` by a writ en ne rumen execu e ac owledged by Beneficiery, mailed to
<br /> , . . . . .
<br /> �•",;�%r,':,'��;;-.;'; :;i ' Tri18tOre and recorded in the County in which the Truet Estate is loaatdd and by
<br /> - �',�;�;��.�.��; ;,,^," otherwiso complying with the provieione of the appliceble law of the State of
<br /> . �-^• 4,� . . Nebraska substituto a eucceseor or succaseors to th� Truetee nemed harein or
<br /> _ .:'�• " � nati.ng hereunder.
<br /> _ , , .;�
<br /> �' y"°""�� � � 7. sUCCESSORS AND A33IGN3. This Deed of Trust epplias to, inures tv tha —
<br /> � ' benefit o an n e a par ee her.eto, the3r hsire, leqatees, devisses
<br /> ' J;�;, .. ,, personal repreeentetives succeseore and assigns. The term "Beneficiary" shel�
<br />-:'��, . � ; ,;.,.: � mean the owner end holc�er of the Note, whether or not nemed ae Benef iaiery �,__
<br /> . ,. .. .
<br /> �:.:,a++ herein. ._
<br /> ��- � �� �• 8. IN3PECTION3. Benef iciary, or ite agents, representativea or worinnen, _
<br /> � '� • ' are author ze o en er at any reaeoneble time u�on or in any part of the Trust
<br /> t�}' ,., � � Estate for the purpose of inspecting the same and for the purpose of performing f�_�"
<br /> - ' ' ��n;, any of the acts it is anthorized to perform under the terms of eny of the Loan ��1-
<br />` . �'�.:;,�':i; , Instruments.
<br />-�' � .. • �. .. ��•a`i::-� .
<br /> �: `:�ir',�'� ,: . 9. EVENT3 OF DEFAULT. Any of the following events ahall be deemed an � `
<br /> -1�-�• • s,, avent of de au exeun er: ----
<br /> �`� . . •...: , . �:Y;
<br />' "" � �� '. '�' �� ' (a) Trustors ahall have failed to make payment of any installment of `� �
<br />`, ::,�„ ... .:`�:';�;;,'.,;.
<br /> e�• •.,��:iil;.. '.� interest, principal, or prinaipal and interest or any other swn secured hereby
<br /> �� -�����•�� �� when due; or,
<br /> �";:'••',ti:: �
<br />.�� �; : . �
<br /> (b) There has occnrred a breach or default under any team, covenant,
<br /> - t;•' �.7,;;" �: agreement, condition, provision, representation, or warranty contained in any of
<br />,;i :�. . � tha I�oan Instrument s. � '•'
<br /> �` ��� ' 10. ACC�I,�RAT ON UPQN D�FAULT ADDITSONAL REMEDIES. Should an event of �
<br /> �'• � default occur, ene c ary me►y ea are a n e e ness secured hereby to be due
<br />� � ared payeble, and the sazne ehall thereupon become due and payable without any ��,
<br /> .. ���' " presentment, demand, protest, or notice of any kind. Thereafter the eeneficiary
<br /> � '` '.x..,;r�i..:tr'�. Y;
<br /> • ,:,..;:::_. . ..
<br /> m8
<br /> -- �- .._���,... (a) Either in person,or by agenta with o�r wi*h�on� b�}h9ing�Y��tr��t�a
<br /> -_-"_"lY ..�, yt�76CCUiiI� a,rt uY sa i��.os.oa ui.Y....:..... ::i _ __-- .— --- -- -- --•- %- .
<br /> � . adequacy o� its security, ent er upon and take poesession of the Trust Estate, or � �
<br /> . . �:'._ '. any part thereof, in its own narr.e or in the neme of Truatee, ant3 do any acts �
<br />�+ . which it daems necessary oz desiralole to preserve the value, marketability or
<br />--- rentebility of the Trust Estste, or part thereof or interest therein, increase
<br />• -� ' • the incane therefrom or protect the security hereof, and with or wit�out tsCcing �
<br /> �r' possesaion of the Trust Esta�te, eue for or otherwise collect the rents, iasaes I
<br /> ; •�-. , � � . and pro€its thereof, inclualing those past dr3e and unpaid, anc� a�pi^1 the game, �
<br /> �e+:; . . :;;'f 1
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