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<br /> � i l.ASC�MnANw 1f��tMdtt R�st fcl�. Upon defautt by Trustor in tho payrt�ent of as perfanwnca at t t�erm-s an�ce�ndltioro o! _-__—
<br /> the Note,ar cny ranewcla,moditications or extertsions t9+ereof,or the payment ot any other Inda�teAness secured hereby ar tn tM pRrEamanu _
<br /> ° ., ot anr of ihe convenonts a apreemems hereunder,Bensflciary moy Oeciors oll sums sewreE hereby immediately�s ard parobM and the some _
<br /> • �hull theteupon Isacome due and poYeb�e without preseMn►eitt,demons,protest a notice of any kind.Thereafte�,8meefictary may Mliver to - -
<br /> � T►ustee a written dacloratlon of default ad demond for sa1e.Trustee shall have the power of w!a of ths Praperty antl if Benefieiary decidei the �`�"—` �-��
<br /> �'��° � Properry is to be sold it shail deposit with Tnrstee this Deed of Trust and the Note or not�s ant!any other documents evtdenc3�g expenditures -
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<br /> " �� secures hereby,and shnii dativer to Tro:tee o wri9ten rw4ice of defaul4 rmd a�ection to cau�o M�Prop�rty to ba sotd,ond Trust�;e,tn turn,�hali ���-;���'�
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<br /> . �� prepor�o similar notice in the form required br low whith shalt bedvly filed fa�eeord by Trustee. ��`
<br /> (a)Aftar the tapte of such time as rrtoY b0�e9uired by law fol4owing tlie retordotion oi Notico of Default,and Notice of Oetauit and Nottce of `'��r--
<br /> -- -- -- - Sale huvinfl been fliven a:required by low.Tnrstee,�vitlrout demond on Trusta,sholl sell the Property in one or more pacels and in such orEer _-i'�_
<br /> ' as Trustor may determine on the date and ut the time and place destgnated tn scid Notice of Sols,at publtc auttion to the hIgfiest 6ldder,the pur• -"'`i:°:=..
<br /> �,, chose price payobie in cosh in lawful money of the Unitsd Stotes m the time of snlo.The person conducttng the snte may,for any couse he or she ':'�''• �=:
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<br /> � deems expedient,postporie the sote from time to time until it sFwll ba comptatcd and,in eeery such tuse,notice of postponemeat sholl be giren . +.,,�'
<br /> by pablic declaratla�a Qteereaf by sueh pe�son at tha time end plaee tast appoir�ed for the salej provided,if the saie is postponed far longer 4hon ,,
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<br /> one(1)day beyw�d sC�e day desigrtated In the Notice of Saie,notice thereof shall be givea in tha same manner as the orlginof Nothe of Sale. � ,, ,`���
<br /> Trostee shQil ett�tue�e�zd deti�er to tha p�rtQ�ase�its Q�ad conveying the Properry so sold,but without any convenant or warcantp,express,or ':�:�=:
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<br /> .:.:;;':__:.s�•�•' impli¢�i.i�na racitals @n 4Co��d o9 an�mm9t�rs er far4s s4e�tl b�ceaelusive proof of fhe truth9utrtess thereof.Any person.�rttl�disrg mit(tovt �.:
<br /> ;:,;.;�:;,�'�„; ; limita4ion Lrust¢�.rteaY Purehuse a4 tha sele. ..
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<br /> �;_„ lb).YYhen TPUStee sefis pursuant to the powers hQrcie�,TPUStee shmU opply the proceeds of tha sale to payment of the costs�oxpe�ses of
<br /> :.;'�;•'�•� exercising the powe►of sata and of the sale,inclu�irtg,+aithaat�nmo4ation,the�bra2ret of��ust¢�a's�es incuned,rrhich Teustc�'s�ees sPax�l e�ot
<br /> ��:;'`�t"�� in the oggregate exce�d tbe following amounts bosed upan the mmQUnt secar¢d R�reby and c�raainirtg anAaid: S giert�ntana on the baEu�te _.
<br /> �. • thereaf;and then to the items set forth in subparagrapfi(c)hereof in t�e order tharein sto�¢d.
<br /> � (c)After paying the items specified in wbparngroph(b),if the sole is by Trustea,or th�ptop�r court und oth2r costs of for�tlosute and sat�
<br /> s � if the sale is pursuant to jttdicial forecloswe,the proceeds of sale shall be applied in th2 orc9er stated below to th�payment of: ,
<br /> (1) Cost of any evidence of title praured in connection with suth sale and of any revemie required to ba pukQ� ��•:
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<br /> (2) Attomeys fees; �'
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<br /> (3) All sums then secured hereby; �
<br /> (4) Junior trust deeds,martgoges,a other lienholders;and :
<br /> (5) The remainrlel,if any,to the person or persons legally entitled thereto.
<br /> .���� ] (d) If the Bene�ciary of this Deed of Trust is a 6�n�a as define�b�e Nebrasko law, any stmemenr cQnteined in ony other section of this deed
<br /> • .,� notwithstanding,the Beneficiury sh�c��n�t be entu�led ea receive or ta�ce and debtor shall not be obligoted to pay or give;any confession of judg-
<br /> , ment,power ot attorney to confess judgmer��.powe�o*r attorney to appear for a borrower in o judicial proceeding or agreement to pay the eosts
<br /> ��� of collection of the ar�o�neys'fees,unless such acts o:'collection would not otherwise be prohibited by Nebrask:,low.Provided,however,thot ,
<br /> �'�f� this section does no4 a�r�ly to the Trostee fee referre�!to in paragraph 6(b).Provided further,that this paragrap:�shall not opply to this Oeed of
<br /> �,�,. .
<br /> • Trust,if the Beneficiary is not a bank.
<br /> � 12. AddHiorai Soutrhy hatntmerth.Trusta,at its expense,will exetute and deliver to the Beneficiary,promptly upon demand,such securi-
<br /> � ty instruments as moy be required by Beneficiary,in form and substunte satisfactory to Seneficiary,covering any of the Property conveyed by
<br /> this Oeed of Trust,vrhich security instruments shull be additional security for Trustor's fuithful pe�formance of all of the terms,covenonts and
<br /> conditions of this Qeed of Trust,the promissory notes secured hereby,ond any other security instruments ezecuted in connectionwith this tran-
<br /> saction.Such instruments shall be recorded or filed at Trustor's expense.
<br /> 13. Appointmettt of Suctessor Trustee. Beneficiary may, from time to time, by a written instrument exetuted ond acknowledged by •
<br /> Beneficiary,moiled to Trustor und recorded in the county or counties in which the Property is located and by otherwise comp�ying with the provi-
<br /> sions of the applicable laws of the Stote of Nebroska,substitute u successor or successors to the Trustee named herein or acting hereunder.
<br /> 14. ln�peettons.Bene�ciory,or its agents,rep�esentatives ar workmen,are outhorized to enter ot any reasonoble time upon or in uny part
<br /> of the Propany for�e puFpqgeo'f inspecting the same and for the purpose of performing uny of the acts it is authroized to perform under the
<br /> terms of the Deed of Tt�Mt.'
<br /> 15. Optiore to Foreelose.Upon the occurrence of any default hereunder,Beneficiary shall have the option to foreclose this Oeed of Trust in
<br /> the monner provided by taw for the foreclosure of mongages on real property. ��
<br /> 16. Forehearancro sy BenRfiefar�r Not o Waiver.Any forebearance by Benef�ciary in exercising any right or remedy hereunder, or otherwise
<br /> afforded by applicoble law,sholl not be a waiver of or preclude the exercise of any such right or remedy.likewise,•rhe waiver by Beneficiary af
<br /> ony default of Trustor under ihis Deed of Trust shall not be deemed to be o waiver of any o ther or similar defaults subsequently acurrirg. � •;`.
<br /> 17. Trustor Not Releosed. Extension of the time for payment or moditicotion or amartization of ihe sums secured by this Deed of Trust
<br /> c.::
<br /> granted by Beneficiory to any successor in interest of Trustor shall not operate to release, in any monner,the liability of the original Trustor and ���`��• �
<br /> Trustor's sutcessor in interest.Beneficiary shc� net be required to comme�ce proceedings against such successa or refuse to extend time for ' I
<br /> ' payment or otherwise modify amortization of the s��ms secured by this Deed of Trust by reoson of ony demand made by the originol Trustor nnd f
<br /> � TruStOr's Sutce55or in intere5l. . �i,.'�
<br /> 18. Beneftciary's Powers. W�tfiou� aifectinq the liability of rhe Trustor or any other persan liable for the payment of any obligatan herem
<br /> r!�entioned,and without affecting tne lien or charge of this Oeed of Trust upon any portion of the Property not then or thereYOfore releosed as -'���'
<br /> . security for the fulf amount of oll unpaid obligat�ons Beneficiory rnay,from t:^�e tc time and w�thout notice,li)release any person so liable Iii1
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<br /> extend the maturity or olter any of the terms of ony such obligot�ons. (iii•gronr other indulgences, (iv)release or reconvey,or cause?o Ae !
<br /> , � � released or reconveyed at any time ot 8eneficipry's options any parcel,pert�or,or oll of the Property, (v1 take or release any other or oddit�crol ! .
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<br /> security for any obligotion herein mentioned,or (v�;mnke composit�ons or other arrnngements with debtors in relotion thereto. �'�
<br /> :.. . : ... . ' ' .�..__"' u................�..t T..-.•... T....�...,..� Tr..afnc'c nM�n� rri�r 1n roMnvavOflfP Of 1hP Prooertv to Trustor. mav make . .
<br /> � 17. NtYf6 AYtY��rva. vr����cy���� v. �.�.��..., .......... ... ........�� �� _� � . . � . .
<br /> ' future advances to 7rustor. Such future advar,ces with interest thereon, sholl be secured by th�s Trust Deed when evidenced by promissary •
<br /> � � notes stnting thot said notes are secured hereby ��ovided thut ot no time shalt�he sec�red principal,future advonces,not including sums ad- ;
<br /> � vonced to protect the security,exceed on oggregote principal arnoont of S •
<br /> � 20. Reeonveyanee b�Trustee. Uron written request of Beneficiary statirg thot all surns secured hereby hove been paid,ar,d upon surrender !
<br /> of this Deed of Trust and the Note to irustee for cancellation and retention ond upon poyme�t by Trustor o{Trustee's fees. Trustee sholl
<br /> ' + reconvey to Trustor,or the person or persons legally entitled thereto,without worranty, any portion of the Property then held hereunder.The
<br /> i recitals in such reconveyance of ony maners or facts shall be conclusive proof of the truthfulness thereof.The grontee m any reconveyance may
<br /> � Ee described as"the person or Fersons legally entitled thereto"
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