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200407501
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Last modified
10/16/2011 7:05:11 PM
Creation date
10/21/2005 3:04:31 AM
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DEEDS
Inst Number
200407501
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200407501 <br />Trustor and without releasing Trustor from any obligation, may make or do the same in such manner <br />and to such extent as either may deem necessary to protect the security hereof. Trustor shall, <br />immediately upon demand therefor by Beneficiary, pay all costs and expenses incurred by Beneficiary <br />in connection with the exercise by Beneficiary of the foregoing rights, including, without limitation, <br />costs of evidence of title, court costs, appraisals, surveys and attorney's fees. Any such costs and <br />expenses not paid within ten (10) days of written demand shall draw interest at the default rate <br />provided in the Note. <br />5. Eminent Domain. Should the Trust Estate, or any part thereof or interest therein, betaken <br />or damaged by reason of anypublic improvement or condemnation proceeding, or in any other manner <br />including deed in lieu of Condemnation ( "Condemnation "), or should Trustor receive any notice or <br />other information regarding such proceeding, Trustor shall give prompt written notice thereof to <br />Beneficiary. Beneficiary shall be entitled to all compensation, awards and other payments or relief <br />therefor and shall be entitled at its option to commence, appear in and prosecute in its own name any <br />action or proceedings. Beneficiary shall also be entitled to make any compromise or settlement in <br />connection with such taking or damage. All such compensation, awards, damages, rights of action <br />and proceeds awarded to Trustor (the "Proceeds ") are hereby assigned to Beneficiary, and Trustor <br />agrees to execute such further assignments of the Proceeds as Beneficiary or Trustee may require. <br />6. Annointment of Successor Trustee. Beneficiary may, from time to time, by a written <br />instrument executed and acknowledged by Beneficiary, mailed to Trustor and recorded in the county <br />in which the Trust Estate is located, and by otherwise complying with the provisions of the applicable <br />law of the State ofNebraska, substitute a successor or successors to the Trustee named herein or acting <br />hereunder. <br />7. Successors and Assigns. This Deed of Trust applies to, inures to the benefit of and binds <br />all parties hereto, their heirs, legatees, devisees, personal representatives, successors and assigns. The <br />term "Beneficiary" shall mean the owner and holder of the Note, whether or not named as Beneficiary <br />herein. <br />8. Inspections. Beneficiary, or its agents, representatives or workmen, are authorized to enter <br />at any reasonable time upon or in any part of the Trust Estate for the purpose of inspecting the same <br />and for the purpose of performing any of the acts it is authorized to perform under the terms of any <br />of the Loan Instruments. <br />9. Events of Default. Any of the following events shall be deemed an event of default <br />hereunder: <br />(a) Trustor shall have failed to make payment of any installment of interest, principal, <br />or principal and interest or any other sum secured hereby when due; or <br />(b) There has occurred a breach of or default under any term, covenant, agreement, <br />condition, provision, representation or warranty contained in any of the Loan Instruments; or <br />Ki <br />
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