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200403671
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Last modified
10/16/2011 2:51:10 PM
Creation date
10/21/2005 12:39:55 AM
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DEEDS
Inst Number
200403671
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200403671 <br />such party shall be entitled to any rights thereunder without the prior written consent of <br />Beneficiary. <br />Section 9.3 Attorney -in -Fact. Grantor hereby irrevocably appoints <br />Beneficiary and its successors and assigns, as its attorney -in -fact, which agency is <br />coupled with an interest and with full power of substitution, (a) to execute and/or record <br />any notices of completion, cessation of labor or any other notices that Beneficiary deems <br />appropriate to protect Beneficiary's interest, if Grantor shall fail to do so within ten (10) <br />days after written request by Beneficiary, (b) upon the issuance of a deed pursuant to the <br />foreclosure of this Deed of Trust or the delivery of a deed in lieu of foreclosure, to <br />execute all instruments of assignment, conveyance or further assurance with respect to <br />the Leases, Rents, Deposit Accounts, Property Agreements, Tax Refunds, Proceeds, <br />Insurance and Condemnation Awards in favor of the grantee of any such deed and as may <br />be necessary or desirable for such purpose, (c) to prepare, execute and file or record <br />financing statements, continuation statements, applications for registration and like <br />papers necessary to create, perfect or preserve Beneficiary's security interests and rights <br />in or to any of the Trust Property, and (d) while any Event of Default exists, to perform <br />any obligation of Grantor hereunder, however: (1) Beneficiary shall not under any <br />circumstances be obligated to perform any obligation of Grantor; (2) any sums advanced <br />by Beneficiary in such performance shall be added to and included in the Indebtedness <br />and shall bear interest at the rate or rates at which interest is then computed on the <br />Indebtedness; (3) Beneficiary as such attorney -in -fact shall only be accountable for such <br />funds as are actually received by Beneficiary; and (4) Beneficiary shall not be liable to <br />Grantor or any other person or entity for any failure to take any action which it is <br />empowered to take under this Section 9.3. Notwithstanding the foregoing, Beneficiary <br />shall be liable for its gross negligence, willful misconduct, and bad faith in connection <br />with exercising its rights hereunder. <br />Section 9.4 Successors and Assigns. This Deed of Trust shall be <br />binding upon and inure to the benefit of Beneficiary, the Lenders, Trustee and Grantor <br />and their respective successors and assigns. Grantor shall not, without the prior written <br />consent of Beneficiary, assign any rights, duties or obligations hereunder. <br />Section 9.5 No Waiver. Any failure by Beneficiary, the Lenders or <br />Trustee to insist upon strict performance of any of the terms, provisions or conditions of <br />the Note Documents shall not be deemed to be a waiver of same, and Beneficiary, the <br />Lenders or Trustee shall have the right at any time to insist upon strict performance of all <br />such terms, provisions and conditions. <br />Section 9.6 Loan Agreement. If any conflict or inconsistency exists <br />between this Deed of Trust and the Loan Agreement, the Loan Agreement shall govern. <br />HALL COUNTY, NE 17 <br />LAl 570091v2 <br />
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