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99111883
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Last modified
3/13/2012 8:27:21 PM
Creation date
10/21/2005 1:45:53 AM
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DEEDS
Inst Number
99111883
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.— - <br /> 99 111883 <br /> sums secured by this Security Instrument, whether or not then due. <br /> Unless Beneficiary and Trustor otherwise agree in writing, any <br /> applications of proceeds to principal shall not extend or postpone <br /> the due date of the monthly payments referred to in Section One <br /> hereof or change the amount of such a ments . <br /> P Y <br /> 5 . APPOINTMENT OF SUCCESSOR TRUSTEE. Beneficiary may, from time to � <br /> time, by a written instrument executed and acknowledged by ; <br /> Beneficiary, mail to Trustor and Recorded in the County in which the <br /> Trust Estate is located and by otherwise complying with the <br /> provisions of the applicable law of the State of Nebraska, <br /> substitute a successor or successors to the Trustee named herein or <br /> acting hereunder. <br /> 6. SUCCESSORS AND ASSIGNS. This Deed of Trust applies to, inures <br /> to the benefit of, and binds all parties hereto, their heirs, � <br /> lega�ees, devisees, persor.al r�pre�entative�, sacce.�sors and <br /> assigns . The term "Beneficiary" shall mean the owner and holder of <br /> the Note, whether or not named as Beneficiary herein. � <br /> 7 . EVENTS OF DEFAULT. Any of the following events shall be deemed <br /> an event of default hereunder: <br /> a. Trustor shall have failed to make payment of any installment <br /> of interest, principal, or principal and interest or any other <br /> sum secured hereby when due; or <br /> b. There has occurred a breach of or default under any term, <br /> covenant, agreement, condition, provision, representation or <br /> warranty contained in any of the Loan Instruments . <br /> 8 . ACCELERATION UPON DEFAULT, ADDITIONAL REMEDIES. Should an event <br /> of default occur, Beneficiary may declare all indebtedness secured <br /> hereby to be due and payable and the same shall thereupon become due <br /> and payable if not corrected within 30 days of written notice to <br /> Trustor. Thereafter Beneficiary may: <br /> a . Commence an action to foreclose this Deed of Trust as a <br /> mortgage, appoint a receiver, or specifically enforce any of <br /> the covenants hereof; <br /> b. Deliver to Trustee a written declaration of default and <br /> demand for sale, and a written notice of default and election <br /> to cause Trustor ' s interest in the Trust Estate to be sold, <br /> which notice Trustee shall cause to be duly filed for record in <br /> the appropriate Official Records of the County in which the <br /> Trust Estate is located. <br /> 9 . FORECLOSURE BY POWER OF SALE. Should Beneficiary elect to <br /> foreclose by exercise of the Power of Sale herein contained, <br /> Beneficiary shall notify Trustee and shall deposit with Trustee this <br />
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