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<br /> . o4-o6a�94 D�ED OF TRUST ��� 6 . -:�::�..<. ..,
<br /> . . Loen No Z43:i8 (CoMinued) -:,,�'�_��-Y--
<br /> � " _ _ " � •'R. . `:i..wwu
<br /> (a) Elthar fn po�eon o►by a�nt, wNN a wllhout bdn�irg any eoUon or proceading,a by a reptvqr eppolMod�y a aourt and wNhout , ,, :
<br /> regard to tleo adequtcy af I�i seourity,ontgr upon end take possesslon of ihe Property,ar any pert thareot,Irt Itu o�vn n.ame or M Ihe mme �°� �� �
<br /> ot Trwies,and do any eote whtoh it t}aems neoesssry or desirabte to preserve the va►uo,mark�tabl!Ity or rontabiciy ot thA PropeAy.or Rsrf °, �' �
<br /> flb
<br /> •• of the Pro9edy or Intere�t tn the Property;increaso th0 Income hom the Properly or proteot the security ot Iho Rroper4+t 8nd,with or wifhout � , , --
<br /> tnking pOSSesslOn of the Preyorly.aua fa or othsrwlso co�e�'t the ronte,Issuos and protits of tho Pro�arry,trtatuding lNssta past duo and -
<br /> ' - u�pat0,end�ppiy the samo,less costa and expernos of opsratlon and coitecdon,fneludinp attqrrteye faaa,to ar►p Indebtttdnese sACUred , -
<br /> by thla Deecf of Tnist,ett tn such order es tsnder mny datamine. 7he eMednp upon and takinp poss@selon of lhe FrapertY�t�re ootkctton -
<br /> � of such ronts,issu`s nnd profds,nndlh�e.�puctsttAn thereof shail not cure or wNva eny dcstaulf er nollaa ot de4auil undor thla 1?ued o}Tru�t � .
<br /> or invalidat�eny act don9 In response to such default or pu�swtnt to such notice o!dofault;and, nohalthatandlrt0 tho oorttinuano9 in �. .
<br /> � possesslon ot tha Property or ths�o�!tectlon,recetpt and appQnatton of renb,issues or proffla,Trusfea ot Lender shnd ba or►tiHad to - _
<br /> exercise evary�ht provtded for In ths Note or tha Rel�ted Oooumerds or by taw upon tha ecourronco ot eny eveM ot dofuult,inoiuding the �
<br /> dght to exercbe ths povrar ot snlo;
<br /> {by CommFnoe an action to forectosa this O�ed of Trust as a mortgaQe,appolnt a raceiver or apecl8culty entarca any af the covon�tnts
<br /> h3raah,and
<br /> (a) Qellver to Trustee a wrift9n docleraUon ot defauB and demand for sa►e and a written notice of detauft and elsatlon to cause Trusto�s
<br /> int9rest in the Proparty to be sdd.whECh rtotice Trustee shsli cause to be duiy filad tqr rc�ord in the appropriate oHices ot dfe Counry In
<br /> wh�h tha Property Is Ioatod;and �
<br /> (d) With raspeot to ail or amr pert of the PeBOnai Proparly,lender shall heve ell the dghts and remedies of a seoursd party under the • -
<br /> t�tebraska Cfnitorm Commercial Carle. ' �
<br /> Foroctoeure by Power of Sate. If Lender atects to faedose by exerclse of the Power ot Sate fiereln contained,Lender sfieil noUly Tn�stee and , :-:;;.;,:•,
<br /> shali deposit with Trustee lhis Qeed of Trust and the Note end such recelpts and evidence of expendltures made and securE�d by thb Deed ot �•, .;J•;�.�..:,;:;.,�.;;',;
<br /> Trust as Trustee may require. ' ' �c`s� '..-
<br /> , (a) Upon receipt of such noHce hom L�nder,Truslee shaN cause to be recorded,pubiished snd delivered to T�uslor such Noiice ot Detauit {!,� ,. +' � 4!'Sr� , �;s
<br /> ' and NoUce of Sate as then requked by law and by this Deed of Trust Truste�sheli,�hthout demand on Tnlsta,aHer such tlme as may r�•�.`,�.:;.,:::��;;,fr,'�}�;•:;:;.:�,::,:.
<br /> then be required by taw and after reeordaflon of such Nodce of Oefault and after Nodce of Seie having been given as rctqufred by law,sell • '`;;•s�.;;;;.,r.
<br /> the Praperty at the 8m0 end piflo0 d sele fbced by It in such Notic�of Sale,either es a whala,or in separato tab ar parcels a items as '� .:�
<br /> • Trustee ahali deem expedlent,and In such arder as It may determine,at publia auction to the hlghest bldder for cash in Iawfui manay of ,\''� _
<br /> the United Slates payabte at the Ume ot salo. Trustee shall deUver to such purohaser or purchasers thereot Ita good and auftic[e�deed or `° ' .
<br /> deeda conveying the proparty so soid.but v�ithout any covenant or werranty,express a Implled. The reGtels in such deed ot any maMers .
<br /> or facts shall be conduslve proof d the truthfutness thereof. Any person,inciuding wfthouf IlmNaflon Trustor,Trt�stee,or Lender,may . ��
<br /> purohase at sueh sele. ".;'��r.��--
<br /> (b) As may b0 parmttted by taw,after deducHng a1 costs,tees and expenses ot Trustee and af thls Trost,IncludUg costs of eNdenoe of , r,_-
<br /> tltle In Conrtectlon with sele,Trustee shail apply tho proceeds of seie to payment of (1)ell aums e�WendOd under the terms ot this Oeed of . �;- °'
<br /> Trost or under the terms ot the Note no!then repaid,Inctudtng but not IfmRed to accrued Interest and late charges, pl)aIi other eums then �� + •
<br /> seoured hereby,and (Ilq the remalnder,It any,to the peraon or persons tepa�ty entltled thereto. ?'
<br /> {e_sj Tnmtea may In the man�rer provided by lew poatpone saio of ell or nny pottlon ot tho PtopOtty. _____ .__ r �
<br /> Remedles Noi ExClu=ive. Trustee ana lenGer,and eaeh of them,ahail be enflUed to entorce payment and pertormance ot any tndebtedness `
<br /> or obtipatlons secured by lhls Deed of Truat and to exerdse aU dghts and powers under this Deed of Trusf,under the Notg,under any ot the `
<br /> Retated Documents,or under any ol�er agreemont or any lawa now or hereatter in torce;notwithstsnding,some or ait of suah tndebtedrtess �' �
<br /> aM obllgatlons secured by thls Oeed of Trust may now or hereafter be otherwise secursd,whether by moAgape,desd ot trusf,piedge,llen, �
<br /> assignmont a otherwise. Neither the acceptance of this Deed of Trust nor Its entoreement,whether by court actlon or pursuant to the�SO�rer ot
<br /> sa�e or other powers confatned tn thls Deed of Trust,shalt preJudlce or In any manner atlect Trustee's or Lender's rfght to mailra upon or °>
<br /> enbr�oe any othrdr secudty now or herearter held by Trustee or Lender,it being agreed that Trustee and Lender,and each of them,shall be � 'r}
<br /> rr
<br /> enUded to enforce this Deed of Trust and arry other secudty now or hereaHer hetd by Lender ot Trustee tn such order and manner as they or ! �
<br /> efther of thsm may In their absolute disaeUon determine. No remedy coMerted upon or reserved to Trustee or lender,is intended to be � �
<br /> exdushre ot any other remedy In thia Deed of Trust or by taw provided or permitted,but each shali be cumuiative and shetl be in addl9on to
<br /> every other remedy given in thfs Deed of Trust or now or herea(ter existlng at Iaw or In equity or by statute. Every power or remedy given by the I t,.
<br /> Note or any of the Re�ated Documents!0 7rustee or Lender or to which either of them may be otherwlse enlHled, may be exsrdsed, � ��f�
<br /> concurrently or independently,from time to dme and as often as may be deemed expedlent by Trustee a Lender,and either of them msy � . �,
<br /> pursue Inconsistent remedles. NotNng h tMs Oeed of Trust shall be construed as prohiblHng Lender ham seeking a defldency Judgment � .�d��
<br /> agalnst the Trustor to the extent Such actlon is permitted by law. '
<br /> � �,i
<br /> Request For Notke. Trustor,on behaH of Trustor and Lender,hereby requests that a copy ot any Notice of Defauft and a copy of any Nodce .� ..,
<br /> of Sste under this Oeed of Trust be maited to them at the addresses set fodh In the first paragraph of this Deed of Ttusl �
<br /> I Waiver;Eteetlon ot Remediea A wahrer by any parfy of a breach of a provlsion of this Deed of Trust shell not consdtute a weiv�of or ;
<br /> prejudice the parl�s rights otherwise to dernend sMct compllance with that provision or any other prodslon. ElecHon by Lender to pursue any
<br /> remed�+provided In this Deed ot Trust.the Note,In any Reiatad Document,or provlded by law shali rat exclude pursuit of any other remedy, •
<br /> � and an eleC6on to make expenditures or to teke actlon to perform an ob�teaflon of Trustor or 8orcower under this Deed of Trust 8fter tailure of . �"
<br /> Trustor or Borrower to perfotm shali not el►ecl Lender's�ight to declare a defaulf and to exercise any of Its remedles. • . •
<br /> Attomey8'Fees;ExpEnses. If Lender Mstitutes any suit or action to entorce any of the terms ot this Deed of Trust,Lender shell be entHled to
<br /> reCOVer such sum as the court may ad�udge reasonabte as attorneys'fees at klai and on any appeai. Whether w not any court actlon Is
<br /> � InvNved,8ti reasonabie expenses IncuRed hy lender whlch in Lenders opinlon are neCessery 8t any dme for the proteCdon of Its Interest a the
<br /> eMorcement of its rights shali become a parl of the Indebtedness payabte on demand and shatl bear interest at the Note rate from the date of
<br /> ' expenditure unrii repafd. E�enses covered by this paregraph include,witnout Ilmltadon,however subJect to any timits under appl�able law,
<br /> Lenders attomeys'fees whether or not ihere Is a iawsuit,including attorneys'fees for bankruptcy proCeedinps(Induding eiforts to modi(y or
<br /> vacate any autornaflc stay or Injuncdon),appeais and any andcipated post-�udgment caBectlon services,the cost of searching rocords,ob�ining
<br /> title reports(InCluding fueCiosure reporlsl,surveyors'reports,appralsal fees,tiBe InsuranCe,and fees fa the Trustee,to the extent permflled by
<br /> appllcabte Iaw. Trustor also wiil pay any cou�cosls,in additlon to ali other sums provlded by 1aw.
<br /> Ripht8 of TntstEe. Trustee sheli have a0 ot ihe rights and duHes of Lender as set torth in this SeCUOn.
<br /> POWERS AND OBLOGATIONS OF TRUSTEE. The fdlowing provisfons relatlng to the powers and obltgations of Trustee are p8rt a}thls Oeed of
<br /> Trust.
<br /> POwe►s Of TntstBe. in addifion t0 eA powe�s Of Trustee arising as a matler of iaw,TruStee sh811 h8ve the power to�ake the following acdons
<br /> wlth respect to the Property upon the wNlen request of Lender and Trustor: (e)Join 1�prepa�ing and filing a map w plat at the Rea►Praperty,
<br /> InCluding the dedicaflon of streets or other nghts to the pubilc; (b)Joln In granting a�y easement or creaHng any restr�tlon on the Real Property;
<br /> and (c)Join In any subordination or other agreement aftecring this Oeed ot Trust or the Interest of Lender undsr thls Deed of Tru6t.
<br /> Trustee. Trustee shatl meet all quaNficaBOns required for Trustee under appltcabte taw. In additlon to the riphts and remedies set forth ebove.
<br /> wilh respecf to 81 or any part of the Property,the Trustee shell heve the rfght to foreclose by notice and sale,and Lender shall heve the right to
<br /> . foreciose by)udfclat toreclosure,in enhercase In accordance wfth and to the full extent proWded by app�tcabie law.
<br /> Succeeso►Tntstee. Lender,at Lenders ophon,may hom time to Nme appoint a suoCessar Trustee to any Trustee appointed hereund�r by an
<br /> tr�strument exeCUted and acknowledged by Lender and recaded In the afNce ot the reCOrder of Hall County,kebraska. The instrument shall
<br /> confatn,in addition to all other matters required by state taw,the�ames of the original Lender,Trustee,and 7rusta,the book and page (or
<br /> computer system reference)where this Oeed of Trust is recorded,and the name and addrass of the successor trustee,and the Instrument shell
<br /> � be exscuted and acknowledged by ell the beneflc�ades under the Deed of Trust or their suocessors In Interest. The successor truslee, wAhout
<br /> ,� Conveyance of the Property,shell sucCeed to ali 1he tltle,power,and duBes con}erred upon the Trustee in this Oeed ot Trust and by eRp�Cable
<br /> Iaw. Thls procedure tor substituHon of trustee shali govern to the ezclusion of all other provislons for subsfltutlon.
<br /> NOTICEB TO TRUSTOFi AND OTHER PARTIES. Any not�e under this Deed of Trust shall be In wriHng and shall be eHective when actually
<br /> delivered, or when deposited with a natlOnaly r6cognizsd overnlght courler,ar,if mailed,shalt be deemed ettecflve when deposited in the United
<br /> Stetes matl flrst cless,reglstered mali,postage prepald,directed to the addresses shown near the beginning of this Deed of Trust. Any party may
<br /> ' change Hs address for noflces under this Deed Of Ttust by giNng tormai writlen notice to the other partles,specifying th8t the purpose of the�otice Is
<br /> � to charge!he party's address. All coples of notices of toreciosure from the holder of any Ilen wh�h has prlority over this Oeed of Trust Shall be se�t
<br /> � to Lende�'s add�ess,as shown near the beginning of Ihis Deed of Trust. For notiCe purposes,Trustor agrees to keep Lender end Trustee fntamed
<br /> at 811 tlmes of Truslor's current address.
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