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<br /> , ; : �. � �, : � 91-- - -
<br /> ans�t,� su����+�t=as��ither sny c�eis nacessnt7F to grotsct thf sacuritY •. . �
<br /> h�s�ct�.. �t�4�s<shall: ��t�ly aPon.de�end th�rsfar by 8en�ficiar7[.�PaY
<br /> ali costs:u�d�e�sn�es incurr�d b�f Henaffcini7F ia cann�fcn Witi� thr�oircfs�
<br /> blE B�u�if� 4f t�►s for�going�riqbta, 3nalud3a�J. �it3�oot�13miCatioa,,coets
<br /> o�_a+t��-titl�. court costs, ���•. �� � attorney'ti f�s.
<br /> lla� strc��:�sL� and �nses aot.gaid�tithit� tan f i81 �Ys af srr#tt�tu d�msne3 .
<br /> sba11�dra+�r 3�erest at'th�► defanit.rate�pravf8ecl iri Lhe lbt�.
<br /> 5y . .� �lAIP. 9hculd tbie�Tsust 8state. or aay part thereof or
<br /> = inLer�s�. �t���.a� ��'����n of aay_public 3nps�varnt or
<br /> cond�a��:F�x�4.:or in•.a�tY•�ther mnnnar inaluding deec2 in.lieu of --
<br /> �ta���G'-`C7ondaoaation'.'!., or shauld Trnator recsiva any natice or other
<br /> �1t.�Ct�#a��`aa:,,re�fttg sucl►.proceadirr9.,Trustar shall 9�va FraePt irritten
<br /> _-- �,c+��s�-tl�rsa��to Henefici�.Y- Heneficfary, shaLt �e entftled ta all _
<br /> - �a'�,.3,vq�:as�ar8s aa3 other paY�nents or relief the�refcr, aad shall�be
<br />�`�:�',: ea�i:t�td:tYi��A�ake aay campraoise or sattlement ih�connection Mitit.suah takfng
<br />-::f.;,• -- d,�:.�g�;;,.'.N3 snch co�enstttion,:arards,.�daamqes. r�� of action and
<br /> - .:�.bi�vcae+3`�°•awarded to Trustor (ttce '�Piaceeds"� are 1�erebY assigaed to
<br /> ' ���°�.;�B�nef�i�i�arlt: and Tsvstor aqreas to execute saicb fitrther assigtn�eats of the
<br /> -:�.'„ - , `:Pi�eeaas as Beneficiary or �ruste�e SaY reg�ita• , : ' ' "
<br /> �r.�,� `';�:.,;_.:_."' —
<br /> ��_ . , 6. APPOIl1Tl�NT OF StTCCESSOR TRUSTEF. Beneficiarg mag, frc�ae titae to
<br /> timeR�bg a xr tten strudent execu acknoule3ged by Bene�iciarY. mail� —
<br /> ` to�'rastor aad recorcTed.in the County in which tha Truet Esta�s`is located aad —
<br /> . � by otheririse c�adiplyfnq with the prov�iaiona of the applicsble law af 1:he State � ___ _
<br /> - .1 � of Nebras#a s�itnte a successor or successors to �lce Trustee named hereit� —°'---, .
<br /> , : . or actin9 her�der. .. . _ . ... ..�'�
<br /> `, �'' : �.� SIIC S30RS AND AS3IGNS. Tbis Deed•of Tsust applies to, inures to , ��
<br /> f'�. the beuefit o �aa in s f p�'azt3.es hereto� thei.r heirs, l�gateea, devisees, �
<br /> ,+t�r,- - personal, representatives, succes�rs and assfgns. '�e term "BeneficiarY° . .� =
<br />�'�3z••� � shall mean the c9mer aud holde�,cz�the Nots,. +�het3ies.;ar aot named as ,�:.-�_��H=
<br /> �ti;� ' ' Beireficiary herein. - ` ...:, • , -
<br /> '�+ . ..,.� ��i�'e---
<br /> " c-.�r�u�n t.
<br /> �,.` ,' � , g. IHSPECTIONS � .�anefiai.ary, or its aqents. s*3Pr�e��f.�es or � . !�„�<�
<br /> ' � war�eaen, are au or ed'�o eater at any reasonable �.3�e.�'� �s anY�'�.�g:';, ,- , . V��
<br /> the Trustee Estate for the purQose of inspectin9 tti� ��e.aca� �+�� �ce`g�ra� `� � r f�,��� ,
<br /> ' of performing anY of the aots it is authorized to g�r€�.t���������"�� ° � . �5 ��lY-"�°�"¢_
<br />� 4 �� - � - . .. . ' . • iFi;".ar.�7a,'��-
<br /> . , , any�of the Loan instruments. . 4
<br /> . E.`-'��'- �
<br /> ' :,..:--� : 9. LryEtsTS OF DEFA[JI.T. Any of the following events sIiall be deemed an ��:,:.:•`:'. "`
<br /> event of de 2r t ereun er: ' �
<br /> . �;_
<br /> � � (a) ��estuar sha11 have failed ta make paymeat of any installment of '.:,=�.��(•;�:_
<br /> ' - interest, pri.��ipal,,ar Prinoipal and interest or any other svm secured hereby • ' ... �,
<br />. ' � - When due; or, , �.. , "� ��; :.
<br /> - - (bj T�e has ao�xrred a braach of default under any term, aovenant, �(y�:. : ` :� -i`_
<br /> agreement, c�.r.�ition� $ronisior�, �epresentation. or' ia�rranty containec3 3rs any ;,:<<;�F ,,,�,,; ,�_�:
<br /> � � of the Loan��truments. � � p��;j��' `�
<br /> �� ' . ,. , ��,:. .� ( �,_
<br />``�.r y :�� ID. ACCLLERATION UPON DE�AUI.T. ADDI���'�AL IES S�s�.�d an evabt af ^ . , _ , � :_
<br /> ��' ' de.a��lt occur—.Hene� c�deZa�e ag�� e�te ♦ ess se�3 hareby to be � „ , �..;__
<br /> � . � - due an8 payabie, and the same shall th e r e upo i s b e c� d ue arsd �pable v�#thout . �;� ,., :s__`
<br />' �� any preaenttae:^.t, demand, protest, or notice of ar�� �3nd. Thesea�ter �a ��,f,,._ � . ...�_
<br /> �;,^.i
<br />.tt,_ ' : Beneficiary may: ' �• � ' ;.rr�., ;°�+:,;,�`�
<br /> '.� . ..-,.;;,�;,
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<br /> ,�.,��.r,p;;. (a) Either in �-.c-�an or by agent, *�3th or without brs:nr�'ing any action
<br /> - • a'��' or proceeaing, or by a '�ceiver appointed by a Court and wi�3.Rsa=t regara to the � •����,'��
<br /> � �.:��`-�` adequacy o! ite securi.t��, enter upon and take possession of the Trust Estate, f •
<br /> ��� �`'�� � or any part thereof, �:.�ts awn name or in the name of Truatee, and da as�y t
<br /> ���. � aots �vhich it deems r.e�essary or deairable to preserve the value, t
<br />;,�;�, �.. �`J p�� marketability or ren�ility of the Trust Eatate, or part thereof or fnterest `
<br /> :,. � �
<br /> �`• � ` =�"�=r• ' th�rein, increase th� incane therefrosn or 1�rotect the secursty hereof, ancl
<br /> E-` •'tF.' � ' ,
<br /> • �. ;,�., , with or without takiseg"possession�of the Trust Estate, sue for`or otherwise �
<br /> � :.�� rr. colleat the rents, 3ssues and prof its Lr.ereof, incluc]ing those past chse and
<br /> - unpaic3, and apply the same, less costs anc3 exgenses of operation an� �
<br /> .,�:�. :��� ' collection, includimg attorney's fees, npost any indebtedness secured hereby,
<br /> � -•;`�: ' . all in such order as Heneficiary may determine. The enter3ng upon atsd talcing
<br /> �� � poasesaion of the Trust Eatate, the collection of such rents, issues ana
<br /> � � .���� ' , pmfits an8 the applicatian thereof as afvresaid, shall noi cure or xaive any . • ,
<br /> � �-~�~---��- � default or notice of default hereunder or invalidate any act done in response .
<br /> to sueh defaulti or pursuant to such notice of default� an8, notwithstanding the
<br /> . ' � continuance in posseasion of the Trust Lstate or the callectfon, recefpt anc7 -
<br /> =�• �� ` � app2fcation of reats, issues or profits, Trustee or Beaeficiary shall t�e
<br /> _ -�- '�,;�S:i • � entitle�3 to exercise evary righL provide@ fo_* in any, of the I,c�an instruments __ ____
<br /> � � or by law upon occurrence of any event af default, iac2uding the right to • �
<br /> . . ,..� . �' exercise the pa�rer of sale:
<br /> -.r
<br /> � ,_...._______�_ � '-=__, . Eb) C�muoenr.e an action tn foreclase this Deed of �retst as a mort age, _ �
<br /> �� � � appafnt a rece3ver. or speCffically en�6�ee any af the caveri�ts hez�ci�g � ---_---
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