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99 112080
<br /> 4.As additional security,Trustor hereby gives to and confers upon Beneficiary the right,power and authority,during the continuance of
<br /> these Trusts to collect the rents,issues and profits of said property,reserving unto Trustor the right,prior to any default by Trustor in payment
<br /> of any indebtedness secured hereby or in performance of any agreement hereunder,to collect and retain such rents,issues and profits as they
<br /> become due and payable.Upon any such default,Beneficiary may at any time without notice,either in person,by agent,or by a receiver to be
<br /> appointed by a court,and without regard to the adequacy of any security for the indebtedness hereby secured,enter upon and take possession
<br /> of said property or any part thereof,in his own name sue for or otherwise collect such rents,issues and profits,including those past due and
<br /> unpaid,and apply the same upon any indebtedness secured hereby,and in such order as Beneficiazy may determine.The entering upon and
<br /> taking possession of said property,the collection of such rents,issues and profits and the application thereof as aforesaid,shall not cure or
<br /> waive any default or notice of default hereunder or invalidate any act done pursuant to such notice.
<br /> 5.Upon default by Trustor in the payment of any indebtedness secured hereby ar in the performance of any agreement contained herein,
<br /> all sums secured hereby shall immediately become due and payable at the option of the Beneficiazy.In such event and upon written request of
<br /> Beneficiary,Trustee shall sell the trust property,in accordance with the Nebtaska Trust Deeds Act,at public auction to the highest bidder.
<br /> Any person except Trustee may bid at Trustee's sale.Trustee shall apply the proceeds of the sale as follows: (1)to khe expense of the sale,
<br /> including a reasonable Trustee's fee; (2) to the obligation secured by this Deed of Trust; (3) the surplus,if any,sha11 be distributed to the
<br /> persons entitled thereto. . . , .
<br /> 6. Trustee shall deliver to the purchaser at the sale its deed, without wananty,which shall convey to the purchaser the interest in the
<br /> property which Trustor had or had the power to convey at the time of his execution of this Deed of Trust,and such as he may have acquired
<br /> thereafter.Trustee's deed shall recite the facts showing that the sale was conducted in compliance with all the requirements of law and of this
<br /> Deed of Trust, which recital shall be prima facie evidence of such compliance and conclusive evidence thereof in favor of bona fide
<br /> purchasers and encumbrances for value.
<br /> 7. The power of sale conferred by this Deed of Trust is not an exclusive remedy; Beneficiaty may cause this Deed of Trust to be
<br /> foreclosed as a mortgage. -
<br /> 8.In the event of the death,incapacity,disability or resignation of Trustee,Beneficiary may appoint in writing a successor trustee,and
<br /> upon the recording of such appointment in the mortgage records of the county in which this Deed of Trust is recorded,the successor trustee
<br /> shall be vested with all powers of the original hvstee.The irustee is not obliged to notify any party hereto of pending sale under any other
<br /> Deed of Trust or of any action or proceeding in which Trustor,Trustee or Beneficiary shall be a pariy unless such action or proceeding is
<br /> brought by the Trustee.
<br /> 9. This Deed of Trust applies to, inures to the benefit of, and is binding not only on the parties hereto,but on their heirs,devisees,
<br /> legatees,administrators,executors,successors and assigns.The term Beneficiary shall mean the holder and owner of the note secured hereby,
<br /> whether or not named as Beneficiazy herein.
<br /> 10.Request for Notice of Default or Notice of Sale.It is requested that a copy of any Notice of Default or Notice of Sale be mailed to
<br /> each person who is named in this Trust Deed at the mailing address of such person as set out above.
<br /> NOTICE TO CONSUMER. 1. Do not sign this paper before you read it. 2. You are entitled to a
<br /> copy of this paper. 3. You may prepay the unpaid balance at any time without penalty and may be
<br /> entitled to receive a refund of unearned charges in accordance with law.
<br /> Signed this 17 day of DECEMBER ,A.D. 1999 •
<br /> STATE OF NEBRASKA ) % / �. L�
<br /> )ss.
<br /> HALL COUNTY) Q��
<br /> On this 17 day of DECEMBER , A.n. 19 9 , before me, the undersigned, a Notary Public, duly
<br /> commissioned and qualified for and residing in said county,personally came MITCHELL D. LAU & JONA S. LAU, HUSBAND &
<br /> WIFE AS JOINT TENANTS to me known to be the identical person $ whose name $ affixed to the foregoing instrument
<br /> as Trustor S and acknowledged the same to be THEIR
<br /> voluntary act and deed.
<br /> Witness my hand and Notarial Seal the day an ove written.
<br /> My Commission expires the 8TH day ' 6ENERAL NOTARY-State Oi Nebr9�ka
<br /> of FEBRUARY , 2003• 8HERRI Y.WAT30N '
<br /> ��� • � � No Public
<br /> STATEOF NEBRASKA )
<br /> )ss.
<br /> HALL CoUNTY)
<br /> Entered in Numerical Index and filed for record in the office of the Register of Deeds of said county,the
<br /> day of , , at o'clock and minutes M.,
<br /> and duly recorded in Book of Mortgages page
<br /> �
<br /> 0
<br /> "� Register of Deeds
<br /> Deputy
<br /> NE-991-1 197-2
<br />
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