|
.,,,� 'nl�- -
<br /> Rr�.:i.�� -S�T�'�_`" — �"�:n. _
<br /> � .1 ,'`' _..
<br /> �.� i������"
<br /> ., .
<br /> . - _�__.�...n,..�1. .�"10�.�'75
<br /> 0. The B�'� a its a�enu, an sutborized W enur�t aay re�uonabk ticpe upoa or ia airy part ot the pro�paty far t6e
<br /> p�u�ae cf i�ttpeclln�the�me ud for thee pu�poco of pedormin�+nY of the adi thay aro authorizad a patorm uatbr the temu d
<br /> nty lo�n in�tnimeatf execWOd bry'Ttu:ton.
<br /> -_ !. If all a any put of the prq�tY o�ury interat of Tnawcc is wid,tranderred or Ncther enaunberod witLout the written
<br /> con�rs►t af the Heneficia�y,the Benrficiary may dec4irc all wa�securod by this Tnut Deod to be iauuedi�tely due iod p�yabk aad
<br /> � --�--- ptooeod to the cranedies avallable to it uoder tLe ddwlt prwi:ions oontaiued bercia.
<br /> .': � 10. My of thc following cvents shall be damed An event of defsult hercuader: !
<br /> :��� a. TnWoc�shW 6ave failed to make paymcut of aay inst�Uaxut of principal or uucrest or any ot4er sums sccured lxre�by when __
<br /> due;
<br /> - --�--�°�-� ---- b, Thcre has occurnd a brcach of or defauU undcr any term, oovenac►t, agrament, conditlon, prm�icioa, repraeatation or
<br /> —:�•.;r::!y;:�t.`�. �
<br /> .�:�.:��;�,� warrantY aontminod ln ttds Dood of Tnut.the note or any ot6er loan insuumeat savrod here�sy:
<br /> --�. . c. There has bcen a ddault by tbe Tn�ston M tUe paymant of any prior or s�ibsoqueat lien or eacumbraaoe in respoct W all ot aay
<br /> �i-z�-�_t.u�.issu�..SA�v_��ii�
<br /> — _�.:�..-• ; �::�.,�{ — putofthepropeny:
<br /> - - :. `„�4''"''`��"'�` d. TnutoTS shall file a voluatary petition in bankruptcY or shall be adjudicated bankrupt or insolvent, or shaU meke an --
<br /> '9������-�.• ',�: � � or an action to enforce any licn or encumbrauce or judgments
<br /> _—, ;�....,. " assi nt for thc benefit of creditors in r t to the pmpeny:
<br /> 't � ' against the property is commenced.
<br /> _- �� �� ':'.:•.� -�� li. In tbe cvent of any default,the Beneficiary may declare all indebtcdness secival hcreby ta be due and payFwle aad thc same
<br /> t+'�.Q...� , � �,s
<br /> _.-:-� _ °,.u�:�:..°^..°•'. shell t h ereupon b o come due a n d p a y a ble without an y prescntment,demand,protest or noqce of any Wnd. Thereafter,t!►e Benefidary
<br /> � a�.�.�,�•:,�.��.:� �y{�
<br /> "" 'h :'� .. . * «^`�•
<br /> • � a. either in person or by agent, with or wittwut bringing anY action or proceeding, or by tecxiver appointed by a eourt and
<br /> -,� without regard to the adequacy of any stcurity.entcr upon and takc possession of the property,or any part thereef,in lu own
<br /> �. • '. namc or in the name of the Tnutee. and do any acts which it deems n�ssary and desirablc w praerve tbe value, _
<br /> marketability or rentability of the propetty,or part thercof,or interest therein, increase the income therefrom or protoct the
<br /> ; . security lureof and,without taking possescioa af the propecty,sue for or othenvise coAect d►e renu,issues and profits theroof, �_
<br /> � . � including those past due and unpaid and apply the same, Iess costs and expenses of operation and wllectioa, including �,
<br /> ' � attorney fces,upon any indcbtcdncss secured lurebY.all in such order as thc Beneficiary may dctermine. Thc entering upon �,�
<br /> and taking possession of the trust estate, tt►e collection of such rents,issues and profits and applicat�on thereof as aforesaid -_
<br /> shalt not curc or waive any default or notice of default hereunder or invalidate any act and in response to such default or �W
<br /> pursuant to such noticc of default and notwithstandln8 the wntinuancc in possession of tlu property or the callection.raxipt __v
<br /> � and application of renu,issucs or profits.Trostce or thc Bcncficiary may be entltlai to exercise acry right provided for in any _
<br /> —___.._ .,. : of shc loan instn��nrs or by law upon occurrenct of any�event of default,including the right ro exercise the power of s�le; �,;�
<br /> _. ... .
<br /> � b. commence an action to foreclose this Dced of Tnut as a mortgage, appoint a receiver,or spoc�licaliy eaforcc uiy of thc
<br /> � �,cnants h�rc�f:
<br /> e. deliver to Trnstee a written doclarauon of default and demand for sale, and wnt[en notice of deCauIt wul elc:,tian ta cawc �,.,
<br /> , Tn�stors'interest in the property to be sold,which notix Tcustee shall canse to be duly filed for record in the official mcords __
<br /> .. of thc county in which thc propert}�is locatcd.
<br /> 12. Should the Beneficiary clect to foreclose by exercise of the pow�er of sale herein contained.the Beneficiary shall notify Tnutee
<br /> - and shall deposit���ith Trustec this Dcxd of Trust and the note and sucli receipis and evidence of expenditures made and secured ��
<br /> a hcrcby as Tnulcc may rcquirc.and upon rcqucst of the Bcneficiacy.the Trustcc shall puse to bc recordcd,publishcd and delivercd �•�
<br /> ��`.:.
<br /> �. . to Trustor such Notice of Default and Notice of Sale as then required by law�and by this Deed of Trust.Trustee shall without demand �:.
<br /> , on Trustor,afier such time ns may then be required b��lau�and after recordation of such Notice of Default and aiter Notice of Sale �w
<br /> • having been given as required b}•la�r.seU the propem•at the ume and pluce of sale Tixed by it in such Notice of Sale.either as a �
<br /> � whole, or in separatc lots or parccls or items:�s Tnutcc shaU deem e�pedicnt. and in such ordcr as it may detcrmine, at public �•
<br /> auction to the highest bidder for cash and shall deli�•er to such purchaser or purchasers thercof a deed to the propert}�sold.consistent '
<br /> � � with the la�v thcn in cfiect. Rccitals in thc Trustcc's dccd shall bc pnma facic c�•idcnce of the truth of thc statements made thcre►n.
<br /> Tn�stee shalt a It�the roceeds of the sale in the follo�tiing order:(a)to all reasonab(c costs and expenses otthe sale.including but �'
<br /> PP. P
<br /> not limited to Trustce's fecs of not morc than 2"/.�of tl�c gross s:de pricc.rcasonable attorne�•fecs and costs of tiUc c�ndencc:(b)to all
<br /> sums sccurcd b}� this Dced of Trusr, and (c) thc c�ccss. iC am. to thc person or persons Icgalh• cntitlu! thcrcro. Any perwn. �.
<br /> � including the Beneficiary•. ma}•purchasc s:i�d propert��at s.�id sale. Trustee ma�•in thc manner pro�•ided by law,postpone sale of all ��
<br /> � or any portion of thc propem�
<br /> 13. Trustee and the Benef3cian.:►nd each oC Ihem.shall be entitled to enforce pa�•ment and perfomiance of any indebtedness or
<br /> , obligation sccured hcrcb} and to cxcrctsc ali nghts and po��crs undcr th�s Dced of Trust or undcr any loan insuumcnt or other �
<br /> agrccmcnt or am• lat�•s nor ot hcrc:tRcr cnforccd not���thstanding somc or all of thc mdcbtcdncss and obligations sccnrcd hcrcb}•
<br /> w•hich ma�• no�c or here.�fter be othern�se secuted. ��hethcr b� mortgage. decd of'trust. pledge. lien. ass►gnment ot othen�tise.
<br /> �• I Ncithcr th�acceptancc of th�s Dccd of Trust nor rts cnforccmcnt.���hctt�cr b� caurt acuon or pursuant to thc po���cr of salc ar othcr
<br /> � �. powcrs hcrcin containcd.shi�ll prc�udicc or m an) m:tnncr afTcct Trustcc's or thc Bcncficein�'s nght to rcal►rc upon or cnforcc anc
<br /> othcr sccuritc uo�c on c�rc:�flcn c�ld b��Trustcc or thc Bcncfic�an. U txxing ��grccd thai Trustcc and tlic Bcncflct:►n•.and cach of
<br /> .� thcm. shall bc cntiUcd to cnfurcc th�s Dced of Tmst�tnd am othcr sccurm noa on c�rc:►ftcr held b}�thc BencPiciun�or Trustcc m
<br /> • • such ordcr and manncr as thc��m�i>� ui thc�r absalutc d�scrcuon dctcmunc No rcmcd� licrc►n confcrrcd upon or rescn•cd to Trustcc
<br /> ` or Benetician•is►ntended to be esc�us►ce of am other remed��hercin or b��la�c pror�ded or perm�tt��d. but cach shall be cumulan�•e
<br /> and shall bc in addttion to c�•cn•athcr rcmcdc g��'cn t�crcundcr or no�ti or l�crcaftcr cxtsung:u la��•or cquin or b�• statutc E�•cn•
<br /> . powcr or remcd�•gn'cn b}•an} of thc loan�nstrumcnts to Trustcc or thc Bcnefic�an•or to ahuh c�thcr of ihcm ma}•bc othcrn•�sc
<br /> entit(ed n�a}�be exere�sed. concutrentl�or mdependently.from tuue to tune and:is often as ma�be deemed cxpedient by Trostee or
<br /> i j Benefician•.xnd cither of them ma��pursue inconststent renud�es Nothmg herem shalt be construed as prot►ibuing the Benefac�an•
<br /> c___..a.:.....,a,.r:....,..•:...1�m.�ne_.oa�nc�Tn�ctnrc�o thc c�lCnt SuCh acuon�s permtttcd by 1.1«
<br /> .: , NV�tt.7bbN��£juv�.�w.�..•.;J..��...�..._.o___'_.
<br /> ' i4. Trusrors hcrcbc rcqucst a cop� of.u�� not►cc of dcfaUlt and tbat am nottcc of sulc hcrcundcr bc maticd to Tntstors�t thc
<br /> � address set forth in thc f rst paragraipt�of th�s Dccd of'frust
<br /> i IS. Thc Bcnct'ician�ma}•.b> a��nttcn�nstrumcnt c�ccutcd and:ickno�►I�dgcd bc Bcncftc�an.mailcd to 1'rustors and recordcd tn
<br /> � . ;R thc Counq� in which thc propca}� is locatcd and b��othcn�is� comphm�;��uh thc pro�•�s�ons of thc.�ppltcablc law�of thc Statc of
<br /> • � . Ncbraska.substitutc a successor to thc Trustcc namcd hcrc�n or actmg hcrc�►ndcr
<br /> 16. This Dccd of Trust :►ppltcs to and inures to thc bcncfit of and biuds all pantcs hcrMo. thc�n c��rs. personal rcprescntau�•cs.
<br /> ' � succcssors and ass►gns. Thc tcrm"Bcnc�cctn"sh:�ll mc,iu�hc oti�n�r aud holdcr oC thc notc. ��hcthcr o�not uamcd as Bcncfic►an
<br /> � ' hcrcin.
<br /> ,
<br /> � '
<br /> ,
<br /> e '
<br />
|