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99111093
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Last modified
3/13/2012 8:07:09 PM
Creation date
10/21/2005 1:26:46 AM
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DEEDS
Inst Number
99111093
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99 11109� <br /> expenses of operation and collection, including attorney's fees, if <br /> permitted, on any indebtedness secured hereby, all in such order as <br /> Beneficiary may determine. The entering upon and taking possession of <br /> the Property, the collection of such rents, issues and profits and the <br /> application thereof shall not cure or waive any default or notice of default <br /> hereunder, or invalidate any act done in response to such default or <br /> pursuant to such notice of default and, notwithstanding the continuance in <br /> possession of the Property or the collection, receipt and application of <br /> rents, issues or profits, Trustee or Beneficiary shall be entitled to exercise <br /> every right provided for in the Trust Deed or Trust Deed Note, or by law <br /> on occurrence of any event of default, including the right to exercise the <br /> Power of Sale; <br /> (b) Commence an action to foreclose this Trust Deed as a mortgage, to seek <br /> deficiency on the indebtedness after foreclosure, to appoint a receiver, and <br /> to otherwise specifically enforce any of the covenants or provisions <br /> hereof; <br /> (c) Deliver to Trustee a written declaration of default and demand for sale, <br /> and a written notice of default and election to cause Trustors' interest in <br /> the Property to be sold under the Power of Sale contained herein, which <br /> notice Trustee shall cause to be duly filed for record in the appropriate <br /> officiat records of Hall County, Nebraska, all to the extent required by <br /> applicable law; <br /> (d) Such sums as Beneficiary deems necessary to protect the Property and <br /> cure any default of the Trustors; <br /> (e) Exercise all rights and remedies available to Beneficiary under the <br /> Nebraska Trust Deeds Act. <br /> 17. Foreclosure by Power of Sale. Should Beneficiary elect to foreclose by exercise <br /> of the Power of Sale herein contained, Beneficiary shall notify Trustee and shall <br /> deposit with Trustee this Trust Deed and the Trust Deed Note and such receipts <br /> and evidence of expenditures made and secured hereby as Trustee may require. <br /> (a) On receipt of such notice from Beneficiary, Trustee shall cause to be <br /> recorded, published and delivered to Trustors such notice of default and <br /> notice of sale as then required by law and by this Trust Deed. Trustee <br /> shall, without demand on Trustor, after such time as may then be required <br /> by law and after recording of such notice of default and notice of sale, <br /> having been given as required by law, sell the Property at the time and <br /> place of sale fixed by Trustee in such notice of sale, either as a whole or in <br /> separate lots, parcels or items as Trustee shall deem expedient, and in such <br /> order as Trustee may determine, at public auction to the highest bidder for <br /> cash in lawful money of the United States, or certified or cashier's check, <br /> payable at the time of sale. Trustee shall deliver to such purchaser or <br /> purchasers thereof Trustee's good and sufficient deed conveying the <br />
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