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<br />— " , 11,Aculeretion!i/cn G�tasMj R���l lsle• Upon�fault by Trustar tn the payment of or perfarmance of the terms and condhions ot `J .�> �-=:��'�-„
<br /> � � the Note,ar cmy►ertewals,raodificc�ions or extenstons thereof,or the pcyment of an other indebtedness secured hereb or in the performance � • :=;��-. =—-
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<br /> " �r�'¢_ .� :;',�-��-: of any of 1hs convenanta a apreemerrts hereunder,Beneficlary may deelare ali sunes seeured heteby immediately due ond poyoble nnd th�ame r..-f.`_t_
<br /> °'�•� r f; shcp therwpon bacome due ond payabie without presentment,demand,protest or notice of any kind.Thereafter,8eneflciary mo�deilver to � ., . �
<br /> �� � +r TrustN a wrifton dactaratlon of default ord demand for sai�.Trustee stwll have the power of sale of the Propeny and if Beneficiory docide�the . ��Y �-
<br /> �� •�� •• Prope�fy is ta be sold it shull deposit with Trustee this Oeed af Trutt and the Note a notes and any othe�dxuments evidencinp expendlturos ':"� �-��-�H:x��---
<br /> . wcured hereby,ond shoi!dativar to Trostoo o Fnl4ton natice of do9auit and otectfon to cau�A the Property to be soid,and Trustee,tn tan,shall ��`.
<br /> ���;'- � �, prepars a simila nofice in ths form requirad by law which sholl be duly filed for record by Trustee. . , �' •�;;
<br /> ° � (a)Aher tM lopse of such time os may be reQuired b�low following the recordotion of Notiee of Oefault,and Not(ce of Detauh and Notica of ' , �`.'�:'
<br />_ � ' ��� Sole hovinp been given oa requlred by low,Trustee,without demond on Trustor,shdl seQ the Property in one or more parcels and in such ader , . _
<br /> , os Trusttu moy determine on tfie dote and ut the time artd place designated in said Notice of Sale,at public auction to the hfgheat bidder,the pur• ; -
<br /> �� chase price paycble in cash in lawfui mone�of the United States at the time of scle.ihe person conducting the sate moy,for any cause he or she • , °
<br /> � ., deems expadient,postpone the sale from time to time until it shall be completed and,in every such caso,�otice of postponement shall be given :
<br /> by public dectaration thereof by such person at the time and place last appointed for the wle,provlded,if the sale is postponed for longer than -
<br /> � erte tl) day beyond the doy designated in the Notice of Sale,notice thereof shal! he given in the some manner as the origiral Notice of Scle. ''' ��
<br /> � Trustee shail execute and deliver ro the purchaser its Oeed conveying the Property so sold,but without any convenont or warranry,express,or �. -
<br /> �� Implied. The recitols in the Deed of any motters or facts shall be conclusive proof of the truthfulness 4hereof. Any person,intluding without •• •
<br /> IimitationTrustee,may purchase at the sde. ;•�?�•r �.
<br /> (b).When Trustee sells pursuant to the powers herein,Trustee sholl a 1 the raeeds of the sole to ment of the costs and ex nses of � '�N '�•Y�"
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<br /> � , � in the aggregote exceed the following omounts based upon the amount secured hereby and remoining unpcid: 5 percentum on the ba�once . ���_-"`'
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<br /> thereof j aid then to the items set forth in subporagraph(c)hereof in the order therein stoted. , �+rt';!�:'�����
<br /> (c)After paying fhe items specified in subparagroph(b),if the sale is by Trostee,or the proper court and other tosts of forectosure and sale � "-:
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<br /> if the s�le is pursuant to(udicial foreclosura,the proceeds of sale shall be applied in the orde�stated below to the payment of: � .r � .;
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<br /> , (1) fost of any evidence of title praured in connection with such sale and of an�revenue required to be paidr . •r�L`���`��
<br /> . - (2) Attorneys fees� �.
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<br /> `� (3) A�I sums then secured hereby: , t::�..��,�
<br /> (4) lunior t�ust deeds,mortgages,ar other lienholders,and " ��
<br /> • „ (5)The remainder,if any,to the person or persons tega l ly entit l e d thereto. .�. ' ;
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<br /> . (d) If the 8eneficiary of this Oeed of Trust is a bank as defined by Nebraska low,any stotement contained in cny other section of this deed �"�� `�
<br /> notwithstar►ding,the Beneficiory shall not be entitled to receive or take and debtor shalf not be obligoted to pay or give;any confession of judg• � � ��=�!
<br /> � ' ment,power of attorney to confess judgment,power of attorney to appeor for a borcower in o judicial proceeding or agreement to poy the costs . •
<br /> of collection of the ottomeys'fees,untess such acts of collection would not otherwise be prohibited by Nebraska low.Provided,however,thut r� '
<br /> this section does not a 1 to the Trustee fee referred to in aru ru h 6(b).Provided further,thot this are ro h shall not a 1 to this Oeed of .,� ,i� r
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<br /> Trost,if the Beneficiory is not a bank. ' ��it',�.�
<br /> '� 12. Additional Seewify ln�trumeMt.Trustor,at its expense,will execute ond deliver to the Beneficiary,promptty upon demand,such secufi• • �j +�� �
<br /> ty instruments os may be required by Beneficiay,in form and substance satisfector�to Beneficiary,covering any of the Property conveyed by , �i''�''
<br /> this Deed of Trust,which security instruments shall be additional security for Trusta's fathful performance of all of the terms,tovenants and ' "�
<br /> ' � conditiom of this Deed of Trust,the promissory notes secured hereby.and any other security instruments exetuted in connection with this tren• � ,y.
<br /> = � soction.Such instruments sha�l be recorded or tiled at Trustor's expense. , . .. .:�;�!`�
<br /> �• ' 13. Appotnhnent of Suaeuor Trustae. Benefitiary may, from time to time,by a written instrument executed and acknowledged by .: ;,�, �'
<br /> Beneficiay,mailed to Trustor and retorded in 1he county or counties in which the Property is located and by otherwise complying with the provi• � '�:-"�" .
<br /> sians of tho applitoble laws of the State of Nebrasku.subs��tvte o cuccessor or successors to the Trustee named herein or ating hereunder. i _
<br /> 14. ImPeeNons.Beneficiary,or its agents,representotives or workmen,are authorized to enter.eLarly�easonable time upon or in any part i
<br /> , of the Praperty for the purpose of inspetting the same and for the purpose of perfaming any 6f fhe�acts it t3 authroized to perform under the ,
<br /> terms of the Oeed of Trust. � ���"'' `. ' ;' �
<br /> 1 S. Option ro hreelote.Upon the otturrence of any default hereunder. Beneficiory shol�heve the option fo foreclose this Oeed of Trust in � �
<br /> the monner provided by law for the foreclosure of mortgciges on reat property. •�
<br /> . 16. krobeaonte by Beneflciary Not o Wairer.Any forebearance by Benefiaary in exercising ony right or remedy hereunder,or otherwise ;
<br /> offarded by applicable law, sholl not be o waiver of a preclude the exercise of any such right or remedy.likewise,the waiver by Beneficiay of ;
<br /> � ony defadt of Trustor under this Oeed of Trust sholl not be deemed to be a waiver of any other or similor defaults subsequently occurring. ;
<br /> ; 17. Trustor Not telea:ed.Extension of the time for payment or modification a omartization of the sums secured by this Deed of Trust
<br /> granted by Beneficiary to any suttessor in interest of Trustor sholl not operote to release,in any mmner, the liability of the origiral Trustor and ,
<br /> - Trustor's successor in interest. Beneficiay shall not be required to commence proceedings against such successor or refuse to extend time for
<br /> , poyment ar otherwise modify omortizotion of the sums secured by this Deed of Trust by reason of any demand made by the originol Trustor ond
<br /> Trustor'ssuccassorininterest. �
<br /> 18. Benofielory'e Powen.Without affecting ihe liobility of the Trustor or any othe�person liab�e far the payment of any obligotion herein
<br /> ' � meMioned,and without effecting the lien or charge of this Ueed of Trust upon any portion of the Property not then or theretofore released os
<br /> . � security for the full amount of all unpoid obligations.Beneficiary moy,from time to time and without not�ce.(i)releose any person so liable. (i�l
<br /> extend the maturity or alter ony of the terms of uny suth obligations, (iii)grant other indulgences, (iv1 release or reconvey, or couse to be
<br /> � released a reconveyed et any time ut Beneficiary's options any parcel,portion or all of the Property, (v1 toke or releose any other or aiditional
<br /> ' security fa any obligotion herein mentioned,or fvil moke compositions or other arrangements with debtors in relation thereto.
<br /> ! . i 19. iiAura�drertms.Unon reouest of Trustor.Trustee ut Trustee's ontion. nrior to retonveyonte of ihe Property to Trustor, moy make
<br /> ,'r future advances to Trustor. Such future advances,with interest thereon. shall be secured by this Trust Deed when evidenced by promissory
<br /> '. notes stating that said notes are secured hereby: provided thot ot no time shall the secured principol, future advances.not including sums od-
<br /> � • vanced to protect the security,exceed an aggregote printipo►omount of S �
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<br /> � , ; 20. R�eonreyanee b�Tntttee.Upon written request of Beneficiary stating thot all sums secured hereby have been paid, and upon surrender
<br /> �' of this Oeed of Trust ond the Note to Trustee for cancellarion and retention and upon poyment by Trustor of Trustee's fees. Trustee sholl
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<br /> � reconvey to Trustor,or the person or persons Iegal�y entitled thereto,without worranty,any portion of the Property then held hereunder.The
<br /> ' retitols in such reconveyance of any mniters or facts shall be conclusive proof of t he truth(u�ness thereof. The grantee in any reconveyance may
<br /> � be dese�ibed as"the person or persons legally entitled thereto".
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