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<br /> � �4. - -�
<br /> �_,��_. s . 91-108854
<br /> :�m
<br /> �,-�; aation or procaoding in which Bon�fialarY or Tru�too mnY app�ar. Should
<br /> Trustor fail to meke anp PnYnnnt or ta da a►Y act ea ana in th4 �nar
<br /> ��. �.���� providod in an of thQ Loein Iestrut�nts, eeneficiary and/or Trustw, qach in
<br /> �,;� a, 3te own diecre�ion, without obliya�tion, may meko or do tne eanw in euch mannor
<br /> _;, *.. and to auah extont as oithar mey d�an noceseaty to protaat �ha oecurity
<br /> . heraof. Truetor ehall, imaKdiately upon deu�nin � therafor by Benaficiary, Pay
<br />',:•., - -- -��� e�ll costs end �xp�nsos incurre8 by 6eneficiary i� conneation with the wc�rci�e � _
<br /> � by Banofiaiary o� tha foragoing rights, includinq, without limitntion, coctc
<br /> � of ovidenc� o� title, courf costs, epprnisale, aurveys and �ttornay'a fw�•
<br /> ' ' Any such costs and exp�nsea not paid withi� ten (10) daye af writton dwaand
<br /> �-�=�����~ ohall draw intaraat a� tho dofault rate provided in tho Note.
<br /> �=-;=��. .,,.
<br /> _ .��.�.:��$. .
<br /> - ='n�'-''", , , 5. EtyI�IENT DOMAIN. Should the Trust Estate, or any pert thoreof or
<br /> '���u�`��� intereat t ere n, '�'�"acen or demaged by reason of an public improvement or
<br /> s�,:_..._ ,
<br /> ' condeipr►ation roceeding or in any other dianner inclu ing deQd in lieu of _
<br /> � '��., Condemnation �("Condemna�ion"), or should Truetor receive any nokice or othor --
<br /> ,�,�_���:., information reyarding such proceeding Trustor shall give pr t written
<br /> ^�� -�-� � - .. notice thereof to BeneficiarY. Benef�ciarY shall be��stor1�e�efatherefor
<br /> ���c :`•r '• compeneation and condamnation awards and other payme __�
<br /> ��Y` � and shall ba entitled to make any cwapranise or sattlement in connection w�th
<br /> ..,.a��.i. -r..
<br /> ,�,�,r,- auch taking or damage. All auch compensation and condemnation, awar s
<br /> -��`_'`��. demages, rights of action and proceads awarded to Truetor (tlw "Proceeds") are
<br /> �,,,��'���,�- hereby ageigned to Benef iciaiy; and Truetor agraos to exeaute suah further
<br /> �.�;q��;:•� -,.; � - aaeiqnmonts of the PraceQda ae Beneficfery or Trustae may require. _
<br /> :-,.�. •.
<br /> ' � 6, ApppINTMEI�]T OF SOC(E3SOR TRU3TEE. Benef iciary may, from time to _
<br />__�_r�;�,��_ �' time, b a wr en ns rumen execu e an acknowledged by Benef iciary, mailed �_
<br /> ��••�.�.• - to Trus�or and recorded in the County in which the Trust Estate is located end r,
<br /> - by otherwise comp1ying with the provisions of the applicable law of the State ��._
<br /> �"���"'; of Nebraska substiEute a successor or successors to the TruatQe named harofn
<br /> `� '��I �"'� '`� or acking hereunder. -
<br /> �y�, 'inr4o h• ,i{ .y. •
<br /> �-.:-,1� '''�''S'� ..
<br /> k 7, 3UCCESSOR9 AND ASSIGNS. This Deed of Trust applies to, inures to
<br /> ''=�" the benefi o an n s a par ies hereto, their heire, le�atees devisees,
<br /> .��' :�. peraonal re resentatives, succeseore and assigne. The term Benef�ci.ary"
<br /> �w.��' j,� .. • �° shall mean �he awner and holder of the Note, whether or not named ae
<br /> -- �;� � Heneficiary herein.
<br /> �_-------;'�` -'.
<br /> .-_;:��,�m;m.�r �:��:.°°- 8. 1NSPECTI8N8. Bet�ficfary, ar 3ts agent�, rwpresentatives or - --
<br /> �+; � .��.� worlonen, sre au �ior zed to enter at enY reaeonable time upon or in anY Part of
<br />=�:i;�'���''�;�:� the Trust Estate for the pu. se of inspectinq the same and for the purpose of
<br /> .;�t:-:. performing any of the acts �ie suthorized to perform under the terms of any �
<br /> ' - ��•�:'+ of the Loen Inetruments. '
<br />';,.:,,:,� .�a• : ;',1`:.;�'.�'-:
<br />- '�"�•` . .`' '�"a"'' 9. EVENTS OF DEFAULT. Any of the following events ahall be deemed a� ___
<br /> � � :��� � event of de u �reun Qr: f
<br /> .�..',• h�.�.r ..
<br /> � •• (a) T.rustor ehall have failed to make payment of any instalLnent of �..,�=
<br /> •• ' � . when due�foriacperiod ofpfival(5j daysino�rest or any other sum secured hereby
<br />• " � (b) There has occurred a breach or default under any term covenant, �l��
<br /> = , I,~.��' ',.('� M, ofrtheeLoanclnetrumentarovision, represerttation, or warranty con�ained in any
<br /> ,.�. . n ��. .
<br /> �,_a: _,,,,, _ . ,
<br /> -�. .: 10. ACCELERATION llPON DEFAULT ADDITIONAL REML'DIES• Should an event of _
<br /> �=-`- ;.{.>� ,.
<br /> 1�. , default occur ene c ary may ec are a n e e ess secured hereby to e
<br /> �:•u,: �r:�.;:... y
<br /> -:'� : '". °'�{?��.;w;,'� any paresen�rt►�ent; demande P��staiortnotice�ofbany kind Thereafter thehout --
<br /> ��'D" Beneficiary may:
<br /> : , �. . `
<br /> �` � `' ' ` (a) Either in person or by agent, with or without bringing eny action
<br />- • '� ''� � or proceedinq or by a receiver appointed by a Court and without regard to the f
<br /> '}• ";, .b enter u n and take possession of the Truet Estato, t��
<br /> ' adequacy of 3�s security Po
<br />-.=�-ni;"a � ..r'"• , e,: � —
<br />- - „ or any part thereof, in �ts own name or in the name of Truetee, and o any
<br /> ..:•;" ::�.` . ��`?•�" " acte which it deems necessary or desirable to reaerve the value _-
<br /> " � ' � marketability or rentability of the Trust Esta�e or part thereo� or intereat -- -
<br />, � �„ therein, increase the income therefrom or protec� the security horeof, and �==:
<br /> with or without taking possession of the Trust Estate eue for or otherwise
<br /> � � ;,;<<' collect the rents, issues and profits thereof, includ�ng those past due and ��t.:
<br /> • . .,;,•. . unpsid and apply the eame, less costs and expensea of operation and
<br /> collec�ion, including attorney's fees upon any indebtedness secured hereby, �'
<br /> ''�•�ti'��_���� al l in such order ae Benef iciary may �determine. The enter ing upon and taking �•
<br /> , possession of the Trust Estat�, the collection of such rents, issues and
<br /> profits and the application thereof as aforesaid shall not cure or waive any h
<br /> � default or notice of default hereunder or invali�date any act done in response `
<br /> ' to such default or pursuant to such notice of default and, notwithet�nding the
<br /> �t • � continuance in possession of the Trust Estate or the collection, receipt and �
<br /> application of rents, issues or profits, Trustee or Beneficiary shall be �
<br /> entitled to exerciese every right provided for in any of the Loan Instruments i
<br /> or by.law upon occurrence of any event of default, including the right to
<br /> exercise the power of sale; '
<br /> -_ , ' � -•�_.__�_�s___ �h� r.,,�..�o.,.-o a., action to foreclose this Deed.of Truet as a mortgaqe, b
<br /> � >��J appoint�a receiver, or specifically enforce any oi tne covenan�s i�ei.ri.L, ;
<br /> ,�'s�.,•_ -
<br /> • ',.tc
<br /> (c) Deliver to Trustee a written declaration of default auc3 demand for
<br /> sale, ancl a written notice of default and election to cause Trustor's interest
<br /> � � in the Trust EstatP to be sold, which notice Trustee shall cause to be duly
<br /> filed for record Sn the aperopriate official Records of the County in which �
<br /> the Truet Estate is located. :
<br /> 11. FORECLOSURE BY PWVER OF SALE. Should Beneficiary elect to
<br /> foreclose by exere se o e ower o ale herein contained, 8eneficiary shall
<br /> � � andisuchrreceiptedand8evidenceiofWexpenditurestmade�and securedtherebyh88Note
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