200407541 - Laserfiche WebLink

Browse

200407541 bonuses, and delay moneys or other proceeds that may from time to time become due and payable under any real estate lease or under any oil, gas, gravel, rock, or other mineral lease of any kind including geothermal resources now existing or that may hereafter come into existence, covering the property or any part thereof. All such sums so received by Beneficiary will be applied to the indebtedness secured hereby; or Beneficiary, at its option, may turn over and deliver to Trustor(s) or their successors in interest, any or all of such sums without prejudice to any of Beneficiary's rights to take and retain future sums, and without prejudice to any of its other rights under this Trust Deed. This assignment will be construed to be a provision for the payment or reduction of the debt, subject to the Beneficiary's option as hereinbefore provided, independent of the lien on the property. Upon Payment in full of the debt and the reconveyance of this Trust Deed of record, this assignment will become inoperative and of no further force and effect. 14. This Trust Deed constitutes a Security Agreement with respect to all the property described herein. 15. The covenants contained in this Trust Deed will be deemed to be severable; in the event that any portion of this Trust Deed is determined to be void or unenforceable, that determination will not affect the validity of the remaining portions of the Trust Deed. - �� i y,GGC� v_ ay orne ius INDIVIDUAL BORROWER STATE OF NEBRASKA. ss COUNTY OF HAT'T' ; On this 29th day of Jlly 2004 , before me, a Notary Public, personally appeared Wayne Cornelius and Janna R. Cornelius. husband and wife to me known to be the person(s) named in and who executed the foregoing instrument, and acknowledged that they executed the same as their voluntary act and deed. GENERAL NOTARY - State of Nebraska /tom (SEAL) ECHOAICORN My Comm. Up. March 21, 2006 1 Echo Alcorn My commission expires March 21, 2006 (Type name under signature) Notary Public in and for said County and State Ap #: 00346469; Primary Customer ID #: 00036994; CIF #: 38311 Legal Doc. Date: July 29, 2004 FORM 5011, Trust Deed and Assignment of Rents Page 3