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<br /> � ,� ` . ,, • 8. The Acncficiary�or ita ngenus, arc authodzed to enter nt a rcasonable dme u n or in tu► part of the prepczty for the '- ""� -
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<br /> . � � ;; purpose of inspecting the samo and for the purposc of performing s►r�y of the ncts they arc autherii.ed ta perform unde�the terms of —_.
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<br /> nny to�u�insuuments oxecu[cdby Trustors.
<br /> . �`• .. . ` 9. If nll or any parl of the prope�ty or any lntcres�of Trustors la sotd��'eri�or t�her encumbcrcd witizout tho writtea �_ .
<br /> •. le aad
<br />, �. i.� - .,;` oonseat ot dee BcneRciary, tho Aencticiary may dcclare all siuns secured bY this Ttust Aecd to bc immcdlately duo and pt►yab
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<br />- � :�. ptoceod to thc remedica svaiiable to it under thc defautt pcovisions contained herein. __
<br /> " 10. Aay of the following events st►alt be decmed an event of dcfault hereutuicr: � - -- -_
<br /> ' ' , " � s, Trustors shall have failcd w make pAymont of aay installneent of prlacipal or interest or aay other eums securod hcreby whon
<br /> . <� due; --
<br /> " b. Therc hes oxuned a breach of or default under any tcrm. oovenant, agreement, candidon, prav[sion, representatioa or
<br /> � • �vatranty coatained in this Aeed of T►ust.the note or any othet loan instmment secured hereby; to all or any �
<br /> �� e. There has becn a default by the Trustors In the payment of any prior or subsequent lien or encumbrance in respect =-=---
<br /> � " � part of the property: or shail be sc}�udicated bankrupt or insolvont, or shall make an
<br /> ' . ,, d. Trustors stiall �1e a voluntary petition in bankruptc7' or an actlon to enforce any Uen or encumbrance or Judgments —_=—
<br /> ' asslgmnent for tho benefit of crediwrs In respect to the property; _._—
<br /> • against the propeny ie commenced.
<br /> �� '' I1. Ia the eveat of a�ry default,the BeneRcia�v may declare all indebtedness scxural hereby to be due aad payable and the same ,�:�
<br /> sball thereupon becorne due and payable wlthout any presenunent,demand P�test or notice of any kind. Thereafter,the BenaficIary ,:��;�•
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<br /> , may: --
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<br /> ;:--� � �� --'` - --� a. elther fn persan or by sgent, irtth or witbent bflnging any action or proceedin�,or by receiver appointed a coure an Y
<br /> w�ithout cegard to the adequacy of any secudty.enter upon and take possession of the property,or at►y part thareof,in its owi► ��`-;�,-,:,_
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<br /> ' name or in the narne of the Trustee, and do any acts which it deerns necessary and deslrable to prescive ttie value. .
<br /> ° marketability or rentability of the property,or part thereof,or interest therein,increas�s the income therefrom or pmtect the
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<br /> � securlty hereof and. �vithout tAking possession of the property,sue for ar otherwise collect the rents,issues and pmfits thereof. Y
<br /> � includiag those past due aad unpaid, and apply the same. less costs and expenses of operatlon and oollecUon, lncludin$ � . :.—
<br /> a tt o rn e y f ce s,u p o n a n y indebtedness secured hereby,all in such order as the Beneficiary may determine. The entering upon '""
<br /> and taldng possesstoa of the uust estate.the collection of such rents.Issues and profits and application thereo f as a fo r e s a i d '' ..�� .t'
<br /> s h a l l n o t c u r e o r w a i v e a n y d e f a u l t o r n o t i c e o f d e f ault heteunder or invalidate any act and in response to such default or = _
<br /> � . . p u r s u a nt to such notix of default and notwithstanding the conUnuancc ln possession of tha properiy or t h e oo U e c t lon,rece ip i •� , � :
<br /> .--: -: . _ . and appli�tion of rents.issues or prof ss.Tnutce or the Beneficiary may b e en t i t l e t i to exercise e v c r y ri g h t p r o v i d e d f o r i n a a y ��
<br /> • of the loan instnun�nts or by law upon uccurrence of any avent of defaWe,1II int anrecei er�.�or���lcall eaforce anY of the
<br /> b. commence an action to foreclose this Deed of Trnst as a mortgage, appo sP�ft Y
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<br /> cavcnants hctcof; � -
<br /> e. deliver to Tn�stee a�vritten declaradon of default and demand for sale, and wrltten notice of default and elertion to cause ;��i'`
<br /> to be sold,which notice Tniscee shall cause to be duly filed for record in the officiai reco:ds r
<br /> � Tmston'interest in the property . ,. b. I
<br /> of the county in which the property is located.
<br /> lt. Should ihc Bencficiary elat to foreclosc by excrcise of the powcr of salc herein contained.the Beneficiary sball notify Tmstce , V,s��
<br /> and shall deposit with Trustee this Deed of Trust and the note and snch receipts and evidence of eupendihues made and secured
<br /> ' hereby as Tn�stce may requirc, and upon requcst of the Bcneficiary.the Tn�stec sliall ca�se to be rccorded published and delivered „ ;Y. :�:
<br /> to Teustor such Notice of Detault and Nolice of Sale as then required by la�r and by tttis Dced of Trust.Trustee shall without demand •r
<br /> on Trustor,after such time as may thcn bc rcquircd by law and aftcr rcxordation of such Notice of Default and after Nolice of Sale �. N��
<br /> having been given as rcquircd by la�v, sell the property at the timc and placc of sale fixed by it in such Notice of Sale,either as a , ��,y.���
<br /> whole, or in separate lots or parcels or items as Tnutee shatl deem expedient,and in such order as it may determine, at public • ,�/ ,�
<br /> auction to the highest bidder for cash and shall deliver to such purchaser or purchasers thereof a dced to the property sold consistent
<br /> with the taw then in effect. itecitats in the Trustee's deed shall he prima facie evedence of the truth of the statements made therein. I .
<br /> Trustee shall apply the proxcds of the salc in the following ordcr:(a)to all rcasonablc costs and expenses of the sale,including but ,
<br /> not timite�t to Trustc;e's fces uf not more than 2`%of the�ross sale price.reasonabie attorne��fees and costs of titie cwidence:(b)to all
<br /> sums sextued by this Deed of Tcust: and (c) the excess, if any�, to the person or persons legally entitled thereto. My person. •r
<br /> �• including the Bcneficiary.may purchasc said propertm•at said salc. Trustcc ma�'in thc manncr provided by law,postpone sale of all
<br /> or any portion of thc property. � �
<br /> 13. Tmstee and the Benefician•.and each of them.shail be entitled to enforce payment and performance of any indebtedness or
<br /> •� obligation senued hcreby and to cxercise all rights and po���crs under this Da�d af Trust or undcr any loan insttument or other ,
<br /> agncment or any la�vs nor on c�rcafier cnforced not��•ithsianding somc or all of thc indebtedncss and obligations secured hereby !
<br /> which may now� or hereafler be othen��se secured. whether by mortgage, deed of trust. pledge. lien. assignment or othenvise.
<br /> ; Neither the acoeptana of this Decd of Trust nor iis enforcement. w•hether b}� court action Ar pursuant to the power o!'sale or other
<br /> powers herein contaitxd.shail prejudice or�n an}�manner atTect Trustee's or the Benefician•'s right to realir.e upon or enforce any
<br /> other securit� noa� on c�rcafter held by Trustce or the Benefic�an•. it being agreed that Tmstce and the Beneficiaty�. and each of
<br /> them. shall be entiticd to enforce this Dced of Trust and au��othcr securin•now or hercaftcr held by the Bcneflciary or Trustee in �
<br /> such order and manncr�ss thcy ma}�in iticir absolutc discrction detcrminc No remedy herein confcrred upon or rescrved to Tmstee
<br /> or Beneficias��is intended to bc exclusn•c of acn•other renied}•hercin or b}�Ia��•pro�•ided or permitted.but each shall be cumulati�•c
<br /> and shall be in addiuon to c�•en• other rcmed�•gi�'cn hcrcundcr or no��or herc.�ilcr c�isting at law or cquit}•or by statute. Even�
<br /> t j power or remedy gi��cn ln•am•of thc loan�nstrumcnts to Trustcc or thc Bcneficiun• or to�vhich cithcr of thcm may bc othcn�isc
<br /> entitled may be exercised.concurrenth•or independentl�•.from umc to time and as often as ma}•be deemed e�cpedient by Trustee or
<br /> � fl__�..:.,... .,..a a:+�..,r��,�ro�,.a�•nursue�mm�sistent rcmedics Nothu►g herein sh311 bc construed as prohibiting the Benefician•
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<br /> � from seeking a de�ciencc judgment against Trustors to the extent such action is permitted b�la���.
<br /> t 14. Trustors hereby request a cop�• of am• notice of defnn(t�nd that am• notice nf sale hereunder be muiled to Trustors at the
<br /> address set forth in the f rst paraSraph of this Decd of Trust.
<br /> 15. The Heneficiary rna}�.by a wntten instrument executed and ackno���ledged b�•Benefic�an•.mailod to Trustors and mcorded►n
<br /> '; ' :r the County in which the propem•is loc:ued and b�•othern•�se compl�•mg��•ith the prov�s►ons of the applicablc la���of the State of _
<br /> i ; Nebtaska,substitute a suaessor to the Trustec numcd hcrcin or acung hercundcr.
<br /> , 16. This Decd of Trust applics to und inures to thc bcncGt of and bmds aU part�cs hcrcto, thc�n c�irs.personal rcprescntat��•cs.
<br /> . , i successors and assigns. The tcrm"Benefician�"shall mcan the o��ncr and liolder of the note. ���hether or not named as Beneftcian•
<br /> hcrein.
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