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<br /> • ', `• ��,�j��� p��1 R����l�M. Upon defaulo by 4ruator in the poyrrtent of o�pertormcnce of the terms and sonditlons of �`�°=—=�''�'�`�°`=-�
<br /> �
<br /> � � tho flots,ar an�r�enerrols,mcdiflcations ar extensions thereof,ar tha paymant of cny other fndebtedness secured hereby or tn the performance ���y3�`,���_'^
<br /> • ' of an�of tt�e comenants u aflroomanti hareunder,Bene�ciary moy deelore atl sums sewro0 hereby immediately due on9 payaDte aM t6�e same ,.. �__
<br /> ;. ..r�, �.,�- _
<br /> - shall thereupon become�and payabla without pressntment,demartd,pmtest ar notico ot any kirtd.Thereafter,llenAftcicry may deliver to ,,w.►.;;�.:-° _
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<br /> Trustee a written declaration of dotault nnd demmd 4ar sale.TNStee shalt hove the powar of sale of tha Proporty and if aonaftciary decides the ���, :�•,._:,R��� -°
<br /> ,�...__
<br /> . � �ropert�r is to be sold it shaii depoait with TnisteR thls Deed of Trust ard the Note or notes and any other dacur�ents evidencing enpenditures
<br /> �:���:��_�
<br /> , ,,; s�carcd hrreby,artd shall daliver to Trustee a written notk�of defadt artd election ro cause the Propeny to be sold,and Trostea,in turn,sholl ,;;,.,..
<br /> ,, ... . - �.Y-�.:-=-
<br /> � prepore a stmilar notice in the form required by law whtch shall be duir filed for record by Trostee. ;•'^;;•��::,.::u�=��-�
<br /> , (a)After the lapse of suth time os may be�equired by law folloaiing the reeordation of Notice of Qefault,and Not(ce of Qsfault and Notice of � •� `t;� �'��:��;�:
<br /> :- � ... . . v
<br /> -`=��° �-"�-�-� Snie hovirt�been given as required by kvt,Trust�,+xi►hoel demand an Trustor,shall sell the P�operty in one or more purcels and in such crder �
<br /> _ _-.;.L__,�. ..__._:.+'-
<br /> � os Trustot may determirte on the date ond ot the time and place designa3eA in said t�lotice of Sale,at public auction to the highest bidder,tha par• . � t� `� i•:�''"`�
<br /> . chase price payable in wsh in lawful money of the United States at the 4ime of salo.lF�e person condacttng the sale�X.4or nny cause he or she �
<br /> deems expedient,postpoTe the sale hom time to time until it shall6e completed and,in overy such eese,ceattce o�RQS9pctm�m2n9 shati be given - .
<br /> by pubiic declamtlon thsreof by suth person ot the time and place last appointed for tha sale;provided,if 4ha scle is�s4►�a:r�d ferr to�a�r than
<br /> one(1)day beyond the aEay desigeated in the Notice of Sale, notice thereof sholl be giv�n in 4ha sacno mran�r ps 4R��rigino!�o4ice Of Sate. ?
<br /> � Trustee shall execute an�9 d�Ge+er po thz�urchaser its Deed conveying Yha Property so sold,but without�,�p carwenan9 vQ a�arrun4y,ex�ross,or Y _
<br /> implied.Tha retitals in Rfha Q��d mf any me���s or facts sholl be coR�.luso�a proof of the truthfulness tba�eof.Any person, inclu�inY�cithout
<br /> ttmitatien Trustea,rrtoY�n�rchsxse c�t tRa s�9t. � � �. ,
<br /> ' tb).!'Yh�n Truste�seiQs purstasxt to 9Re powers her¢in,�eu�tee shall appty the proceeds of the sale to payment of the costs and expenses of ; . „ �,1,L
<br /> • ex�rcisirtg 4ho porrer of smte�•r.doC ihe sale,including,wiaE:ou�limitation,the payment of Trustee's F�.es incurred,wfiich�irustee's Fees sholl not �`': ,.,,::�,., ..
<br /> � in the aggrea�ate exceed the fdlowing amouots based upon the amount seeured hereby ond remaining unpaid: 5 Ra-centum on the balance f ,�,��?��;:;r;,.�;..:-.
<br /> �',��'�. thereof�and then to the items set forth in sul�ynrpgroph(c�hereof intheorder therein stoted. �-i;-�;,:�:=
<br /> �''t=•'�` c After in the items s ified in su� ara ra h 4b?.if the sale is b Trustee,or the pr¢,oer cm,a�i ar+d other costs of foreclosure and sale � '��.m ' �.
<br /> �;.,;,s ( ) po9 9 P� R 9 P Y ,;•`�`,�'�;,.> .
<br /> , � if the sale is pursuant to sudiciol foreclosure,the praea�s ofi sale shall be applied in the ar�iar staied below fo the payment of: , •.�:�N�r�:;r��.
<br /> � ' .`��';'r�t�� (1) Cost of eny evidence of title procured in connection with such sale and of any revenue required to be paid; ":ts,.;��;��ti��,� �+:�I '
<br /> ,:. ;.�. �qJ Attorrteys fees; �;.,f":.fi:;':;�;�,
<br /> � I.��k� (3) Allsums4hensecuredhereby; 'y'�:•'kc,}�• � •�
<br /> . � (4) Junior trust deeds,mortgagas,or other lienholders;and , ',,'�'.���
<br /> (5) The remainder, if any,to the person or perso�s tec�atly e�titled thereto. ' `�''
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<br /> �--�: . (d) ff the Benefitiary of this�eed of 7rost is a bonk os defined by Nebroska law,any statement contoined in any other section of this deed -.`t��� •��
<br /> ' '1����' notwithstanding,the Benefitiary shall no�ba Bntitled to receive or tak�ond debtor shall�ot be obligWed to pay or giva;any confession of judg• �';:r4;::;� �
<br /> � �.
<br /> � '. �•'��"� ment,power of attomey to confess judgment,power of ortomey to appear for a borrower in a judicial proceeding or agreement to poy the costs "' �„•'���' f' ;v.
<br /> � • of collection of the attorneys'fees,unless such acts ot colleclion would not otherwise be prohibited by Nebrosko low.Provided,however,thut .� �.,
<br /> this section dces not opply to the Trustee fee referred to in paragraph b(b).Provided further,thot this poragraph sholt c�ot apply to this Deed of „
<br /> Trust,if the Beneficiary is not o bank. �
<br /> ., 4
<br /> • 1 q, pddNtonal Seenrify lnstnnneM�.Trustor,ot its expense,will execute and deliver to the Beneficiary,promptly upon demand,such securi• , ;���
<br /> ' ty instruments as may be required by Beneficiary,in form and substunce sat isfatory to Beneficiary,covering any of the Property conveyed by
<br /> this Doed of Trust,which security instruments shall ba additional security for Trustor's faiiMul performance of all of tfie terms,covenants and , ; `` • �
<br /> _ �t�.:; conditions of this Deed of Trust,the promissory notes secured hereby, and any other security instruments executed in connection with this tran- ' ;
<br /> ••, �,r:ti� sation.Such instruments shall be recorded or filed nt Trustor's expense. ��",,,;;_:,�6
<br /> �•:�.'�i� 13. Agpointment of Suaeuor Trustee. Beneficiary may, f�om�ime to time, by o written instrument executed and acknowledged by ' �•/r,
<br /> '`���'''� Beneficiary,mailed to Trustor and recorded in the county or counties in which the Property is locoted and by otherwise complying with the provi- � ,. 'i��,�''�
<br /> sions of the applicable lows of the Stote of Nebraska,substitute o successor or successers to the'trustee named herein or acting hereunder.
<br /> 14. tn:peetion:.Beneficiory,or its agents,representatives or w������to ente�at any reasonable time upon or irt any part ,
<br /> `:�"''� of the Pro for the o ose of ins ectin the same and for the r REokafti�an of the acts it is authroized to perform uoder the ;, .
<br /> � ..>.:. t PertY P�P P 9 P�P�i� � Y.. I ,:•,.. ::
<br /> � �s:•.:;�5 terms of the Deed of Trust. '��'����' .
<br /> ':��. 4 I. . IN• •• {'1!:::�� .
<br /> � 15. OptEoa 4o Ponelose.Upon the ocwrrente of any default hereue�er, 8eneficiary sholl hove the option to foreclose this Deed o%Trost in '. ••�,�,.�,i,;�
<br /> the menner provided by tow forthe foreclosure of mortgages on real property. • � �
<br /> 16. Forobearance by Beneflcimy Not a Waire�.Any forebeorance by Beneficiory in exercising any right or remecfy hereunder, or otherwise . : .
<br /> . offorded by applicable law,shall not be a waiver of or preclude the exs�tise of any such right or remedy.tikewise,!he waiver by eeneficiary of f ,;•;,.;,.
<br /> �• •,�r. any default of Trustor under this Oeed of lrust shall not be deemed to�e a waiver of any other or sim]ia•defaults subsequently acuRing. ' �
<br /> ':� �� 17. Tro=tor Not Releated.Exiension of the time for poyment a rt:oditication or umortizotion of•ne sums secured by this Oeed of Trust r . • '-�, : �,,
<br /> r��;�., .�
<br /> ' gronted by Beneficiory to any successor in interest of Trus!or shall rat operafe to releose,in any manner,the liubility of the originol Trustor and �
<br /> � � Trostor's successor in ir9terest.Beneficiory shall not be r�quired to commence praeedings aga�nst such successor or refuse to extend time for .
<br /> ,,.;��%:.:� payment or otherwise rroodify amortization of the sums secured by this Reed of Trust by reason of ar.r•demond made by the original Trustor and
<br /> :�'�,� -:" Trustor's s�aessor in interest.
<br /> < i''.`�� ��' 18. BoaE'tieiorq'�Poaen.Wi4hout ef��.s:ng the liability of the Trusr�r or ony other person liable for the poyment of any obligation herein
<br /> �� `,�':'�' mentioned,an3 withoutr affecting the lian oc charge cf rh�s Deed of Trust upon any portion of the Property not then or theretofo�e released as
<br /> � � ' �`�: security for the full amounr Qf utl unpoid ob�igotioos.�e�e��ciary may. from t�me to t�me and without notice, (i)releose ony pe�son so liable. t���
<br /> • extend the moturity or olter my of the terms of ony such oblgotions. (iii)grant ather indulgences.I�v)release or reconvey. or cause to 6e
<br /> � released or reconveyed at any time ot Barteficiary's options any parce t.portion or all of the Property l�1 take or release any other or odditionol
<br /> secari4y far any obligotion herein menrioned,or(vi)moke composit�ort s or other arrangements wrth debrors in relotion thereto.
<br /> 19. �orPur�Advances.Upon request of Trustor, Trustee at Trusree s option. prior to reconvEyn�ce of the Property to Trustor.may make
<br /> ^ future advances to lrustor. Suth future advances,with interest thareon, shall be setured by th�s Trust Deed when evi0encee by promissory
<br /> notes stating thot soid notes are secured hereby;provided thot ot no r�me shall the secured pr�nupol.future odvonces,not includirg sums ad-
<br /> vQnced so protect the seturity,exceed an aggregote principal amounr of 5 None
<br /> 20. RetonreYmtoe b�Tnrstee.Upon written request of Benef iciory stoting that alI s�ms secured hereby have been paid,and upon surrender
<br /> of this Deed of Trust ond the Note to Trustee for cantellntion and retention and upon payment by Trustor of Trustee's fees. Trustee sholl
<br /> reconvey to Trustor,or the person or persons legally entitled thereto,without warronty,any portion of ihe P�operty then held hereunder. The
<br /> retitals in such reconveyonce of ony motters or facts shall be conclusive proof of the truthfulness thereof.The grantee�n ony reconveyance moy
<br /> be desuibed os"the perwn or persons legnlly entitled thereto".
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