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<br /> ��,,,"� 11,AcaqwitN�1!�O�h�Mj R�1hst�• Upon defauM by Truator in the pnymen4 of or performance of the 4erms and condhfons af
<br /> - ,�. ., the Note,or any renowalt,moQiflcations ar eztensions thereaf,or the poymen4 of cny o4her indobtedrtass setured hereby or tn the performanco ��IY,--,--._._ ___
<br /> ,� of cny of the converbMs or opreemems hereunder,8eneflctary may declare all sums secorod hereby immediately due and po�oble and tfie same _, _� _
<br /> shall thereupon become due and pa�abt�withouf presentment,demond,prote�t or notice of any kind.Thereafter, Beneflciory may deliver to �
<br /> '� � • Trustee a wri4ten deelaration of defauit an6 demand'for sale.Trustee shall hove the power of sole a1 the Property ond if Beneflclary d�cid�s the
<br /> �s P�operty is to be sold it shali deposit with Trustee this Oeed of Trust end the Note or notes cnd any other dauments evldencir�expenditures °"`=`�
<br /> �� ' � tecured fiareby,and shnll detiver to Trustee a written rtot(ce of detautt and election to cause the property to be sold,and Truatee, in turn,:hall —
<br /> �� `-� �� prepere a similor notice in the form required by low which thall bo duly filad for retord by Trustco. �R"�"-
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<br /> °. " ' (a)After the Iapse of such time os may be required by low to�lowing the�eeordation of Notite of Detault,end Notice of Default and Notice of
<br /> ". � � ' Sele havtnp been given as required by law,Truatee,without demand on trustor,shall sell the Property in ane or more porcets and in such order -
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<br /> • as Trusror mey determine on the date and at the time and ptoce designated in said Notice of Sale,at public auctlan to the highest bidder, tha pur- -
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<br /> , � chase price payable(n coah in lawfui money of the United States at the time of sale.The person co�ducting the sale moy,for any cause he or she ,,;_-, -
<br /> � deems expodient,postpone the sale from time to time uMil it sholl be completed ond,in every such cose,notice of postponement shall 6e given y{:i�a='
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<br /> � ° by public dedaration thereof by such person at the time and piace last appointed for the snle,providod,ff the saie is postponed for Ionfler than ��. �--== __
<br /> � orte(1)day beyond the day designated in the Notice of Scle,notice thereof shall be given In the same manner as the originai Notke of Sale. ,:��p-
<br /> `� Trustee shall exetute ond deliver to tha purehaser its Deed conveying the Property so sold,butwithout any conveneM or warranty,express,ar ���- -
<br /> implied.The retitals in the Deed of any matters or facts shall be conclusive proof of the truthfu�ness thereof. Any person, including without �i:y�t,�z-�----�_=_-_
<br /> „ Itmitatton Trustee,may purchase at the sale. .:;%__
<br /> (b).When Trustee selis pursuant to the powers herein,Trustee shall apply the praeeds of the sale to payment of the costs and expenses of �;,-__-
<br /> - -. -..--�- prareising the power of sole and of the sale.indudirto.without limitation,the payment of Trustee's Fees ineurred,whieh Trustee's Fees shall not __ '�',���.`�-
<br /> ' �� < in the aggregate exceed the following amounts based upon the amount secured Nereby cnd remaining unpaid: i percentum on the balonte ,' � _--- -
<br /> � , thereofj and then to the items set forth in subparogrcph(c)hereof in the order therein stated. T`—�
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<br /> (c)After paying the items specified in subparngraph(b),if the sale is by Trostee,or the proper court and other costs of foretlosure ond sole � � 'T.;,.T-^::-
<br /> if the sale is pursuant ro judiciol foreclosure,the proeeeds of sala shall be applied in the order stated below to the payment of� ,-�;�;:;�'-'__.
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<br /> (1) Cost of any evidence of title procured in connection with such sale and of any revenue required to be paid, , : �,�
<br /> • �' ' (2) Attomoysfeesj
<br /> , (3) AI�sums then secured herebys ��4 �,°,r►�_
<br /> (4) Junior trust deeds,mortgages,or other lienholderss and � '✓�
<br /> (5) The remoinder,if cny,to the person or persons legally entitled thereto. �� / �°
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<br /> ------ � � �- (d) if the eeneficiary of this t�eed of trust is o bank as defined by Nebroska law,any statement contained in ony afher setti�r�of Shis desd =_---- � -_
<br /> � notwithstonding,the Beneficiary shall not be ontitled to receive or take and debtor shall not be oblipated to poy or giver any confession of judg• :,, � :,
<br /> � ment,pawer of attorney to confess judgment,power of ottorney to cppeor for a borrowar in a jodiciat proceeding or ugreement to pay the costs � >� '?'
<br /> of collection of the attorneys'fees,unless wch ats of collection would�ot otherwise be prehibited by Nebraska Iew.Provided,however,thot }r � �
<br /> this section does not apply to the Trustee fee referred to in paregraph 6(b).Provided further,thot this paragraph shall not opp�y to this Oeed of �, �;: ;
<br /> Trust,if the Beneficiary is not a bunk. �;�. �
<br /> 12. Addifional kadt�►tn=tromeMt.Trustor,ot its expense,will execute and deliver to tha Beneficiory,prompt�y upon demond,such securi• I,.°� '
<br /> ty instruments as moy be required by Beneticiary,in form and substance sotisfatory to Beneficiary,covering any of the Property conveyed by
<br /> . this Deed of Trust,which security instrume�ts shall be odditionat security for Trustor's fathfW performance of a�l of the terms,covenants and r•
<br /> tonditions of this Deed of Trust,the promissory notes secured hereby,and any other security instruments executed in connection with this tran- .., _:,
<br /> � saction.Such instruments shal�be recorded a filed et Trostor's expense. �;��
<br /> � 13. Appolntmeet o� fueeeuor Tru�tee. Beneficiary may, from time to time, by o w�itter►instrument executed and acknowledged by j
<br /> Bene�jciary,mailed to T�ustor and recorded ia the county or counties in which the Property is laated and by otherwise complying wifh the provi- �' "i`�
<br /> sions o f t he app lic a b le la w s o f t he S ta t e o f Ne brus ka,su bs ti tu te a successor or suc ce s s or s t o t h e T r u s t e e n a m e d h e r e i n o r a c t i n g h e r e u n d e r. f ��
<br /> ' 14. In�pecttons.Beneficiary,or its agents,representatives or workmen,are authorized to enter ot ony reasonabie time upon�r i�► a�y�x�rt f �_ � •
<br /> of the Property for the purpose of inspecti�g the same and far the purpose of performing any of the acts it is authroi:ed to perform under the �
<br /> terms of the Oeed of Trust. I .
<br /> 1 S. Option te kreetose.Upon the occurrence of uny default hereunder,Beneficiary sholl huve the option to fareclose this Oeed of Trust in
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<br /> the manner provided by low for the forectosure of mortgages on real property. I . .
<br /> 16. forebearance E�Benefldary Not o Woiver.Any torebeorance by Beneficiary in exercising any right or remedy hereunder, or vtherwise � �•
<br /> • afforded by appliteble law,shall not be a waver of or preclude the exercise of any such right or�emedy.Likewise,the waiver by 8enefitiary of
<br /> • any defauit of Trustor under this Deed of Trust shol�not be deemed to be a waiver of any other a similar defauHs subsequently acurring.
<br /> 17. Tru�tor Not Released. Extension of the time fa poyment or modification or omorti:otion of the sums secured by this Oeed of Trust
<br /> grunted by Beneficiary to any sutcessor in interest of Trustor sholl not operote to release,in any rtqnner,the liabi�ity of the original Trustor and
<br /> • Trustor's successor i�interest.Beneficiary shal�not be required to commence proceedings agans�such successor or refuse to extend time for
<br /> payment or otherwise modify amortization of the sums setuted by this Deed of Trust by reasan of any demand made by the originol Trustor ond '
<br /> Trustor's successorininterest.
<br /> 18. Benefieiary't Powen.Without affecting the liobility of the Trustor or any other person 1 ioble for the payment of any obligation herein
<br /> ' mentioned,and without affecting the lien or chorge of this Deed of Trust upon ony portion of�he Property not then or theretofore released os '
<br /> - seturity for the full amount of alI unpoid obtigotions, Beneficiary moy,from time to time and wirhour notice,lil release ony person so tiable,li�)
<br /> � � extend the meturity a alter ony of the terms of any suth obligotions, (iii)grant other�ndulgences, tiv) release or reconvey,or cause to be
<br /> . releosed or reconveyed ot any time ot Beneficiary's options any parcel,porrion or oll of the Praperty, (v1 toke or release any other or odditional
<br /> security for any obligation herein mentioned,or(vi)muke compositions or other orrangements wish debtors in relation thereto.
<br /> 19. future Advonces.Upon request of Trustor. Trustee at Trustee's opt�on,prior to recanveyonce of the Property to Trustor moy mnke
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<br /> notes stating thot soid notes are secured hereby,provided thot ot no time sholl the secaed a�ncipot.future advances. not including sums ad•
<br /> � ' � vanced�v protect the security,ezceed an oggregote p��nc�pal omount of S
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<br /> � 20. Reoomeyoeee br Trostee.Upon written reqvest of 8eneficiary stot�ng thet all sums secu�ed hereby hove been pa�d.nnd upon surrender
<br /> � of this Oeed of Trust and the Note to Trustee for corxe�lot�on and retent�on and upon payment by Trustor of lrustee s fces. Trustee sholl
<br /> � retonvey to Trustor, or the person or persuns legally entitled thereto.without worro�ty,ony port�on o(the Property then held hereunder 1he
<br /> ' recitals in such reconveyance of any motters or fac4s sholl be conclusive proof of the trurhful�ess thereof 1he g►antee m ony reconveyance moy
<br /> �� be described as"the person or persons legolly entitled thereto".
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