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99109361
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Last modified
3/13/2012 7:27:04 PM
Creation date
10/21/2005 12:48:50 AM
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DEEDS
Inst Number
99109361
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i ` j{/ <br /> . <br /> 99 109361 <br /> ,�; <br />,,/ <br /> 11. Remedies; Acceleration Upon Default. In the event of <br /> any Event of Default, Lender may, without notice, except as <br /> required by law, declare all indebtedness secured hereby to be <br /> due and �ayable and the same shall thereupon become due and <br />� payable� without any presentment, demand, protest or notice of any <br /> kind. Thereafter, Lender may: <br /> (a) Demand that Trustee exercise the POWER OF <br /> SALE granted herein, and Trustee shall thereafter <br /> cause Borrower's interest in the Propertx to be sold <br /> and the proceeds to be distributed, all in the manner <br /> provided in the Nebraska Trust Deeds Act; <br /> (b) Exercise any and all rights provided for in <br />+' any of the Loan Instruments or by law upon occurrence <br /> of any Event of Default; and <br /> 1 <br /> (c) Commence an action to foreclose this Deed of <br /> Trust as a mortgage, appoint a receiver, or specif- <br /> ically enforce any of the covenants hereof. <br /> No remedy herein conferred upon or reserved to Trustee or Lender <br /> is intended to be exclusive of any other remedy herein in the <br /> Loan Instruments or by law provided or permitted, but each shall <br /> be cumulative, shall be in addition to every other remedy given <br /> hereunder in the Loan Instruments or now or hereafter existing at <br /> law or in eguity or by statute, and may be exercised con- <br /> currently, independently or successively. <br /> 12. Trustee. The Trustee may resign at any time with- <br /> I' out cause, and Lender may at any time and without cause a <br /> successor or substitute Trustee. Trustee shall not be liablentoa <br /> any party, including, without limitation, Lender, Borrower or any <br /> purchaser of the Property, for any loss or damage unless due to <br /> reckless or willful misconduct, and shall not be required to take <br /> any action in connection with the enforcement of this Deed of <br /> Trust unless indemnified, in writing, for all costs, compensation <br /> or expenses which may be associated therewith. In addition, <br /> Trustee may become a purchaser at any sale of the Property <br /> (judicial or under the power of sale granted herein) ; postpone <br /> the sale of all or any portion of the Property, as provided by <br /> law; or sell the Property as a whole, or in separate parcels or <br /> lots. <br /> 13 . Fees and Exoenses. In the event Trustee sells the <br /> Property by exercise of power of sale, Trustee shall be entitled <br />, to apply any sale proceeds first to pa�ment of all costs and <br /> expenses of exercising power of sale, including all Trustee's <br /> fees actuall incurred. <br /> ri ht y In the event Borrower exercises any <br /> g provided by law to cure an Event of Default, Lender shall <br /> be entitled to recover from Borrower all costs and expenses <br /> actually incurred as a result of Borrower�s default, including, <br /> without limitation, all Trustee's and attorney�s fees, in the <br /> maximum amount allowed by law. In addition, in the event of each <br /> such cure, Lender shall be entitled to a reinstatement fee of One <br /> Hundred and No/100 Dollars ($100.00) . <br /> � <br /> 14. �Iiscellaneous Provisions; <br /> (a) Borrower Not Released. Extension of the time for <br /> pa�ment or modification of amortization of the sums secured by <br /> this Deed of Trust granted by Lender to any successor in interest <br /> of Borrower shall not operate to release, in any manner, the <br />; liability of the original Borrower and Borrower's successors in <br /> interest. �- Lender shall not be required to commence proceedings <br /> against such successor or refuse to extend time for payment or <br /> otherwise modify amortization of the sums secured by this Deed of <br /> Trust by reason of any demands made by the original Borrower and <br /> j Borrower�s successors in interest. <br />
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