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<br /> fH:�=`4y'a?K"`�i?�.''.srl� 4. Texas anJ lm,yositiona. ;��r (�,,.,. ��C�q7•7 - .
<br /> - '�,:�, (o) 7n p�y snd to prowdo ESonoftaiary peld n..�cc�tpta of, et lcsast ton (10) days prtor to -
<br /> ' '°r:�k:'�.,. � d�linque�xy� �11 re�l property taxes and asses:�nnts, ganeral end epeelel, nnd n11 othor taxos and , , '��
<br /> • ;.'•--'r assossr.�onts uf eny k1M or naturo Nhatsoavap, Nhich ero assQSSed or imposai upon tho Trust E�Luto, or oay .
<br /> �� �� .� part thoraof, (alt of which taxo3, ess�ssmonto and otNor�overrmontal and nonpovorrwrAntal charqos of 1 iko -
<br /> "`,' '• naturw ara hereinrfter referred to as "ImposiLlona"). '
<br /> " • � (b) If et any timo nfWr tho dato horeof thora uI1C1�I b0 83S�9SCd o� imposed (i) a tnx or „ _�
<br /> `"-" � assossmont on tho Trust Estatu 1n 11eu of or in addiNon to tho Impositions payabla by Trus4or pursuant to -
<br />"';•F �� . :r.f.�'' subparaqraph (a) Iwrcof, ot (ti) maasuro by or bascd tn wholo or in part upon the omounC uf thQ outsGandin9 , �
<br />�;:�� � : ' � - obltpatlons aecuv�d hernby, then all sueh taxoc, assessmonts or fcon sheil bo doerned to bo included M1tN1n
<br /> � t►w term "Imposit/ons"as doflc�cd 1n subparayraph (�) Fwraof, and Trustor shall pay and dischargo tho samo ° � � -
<br /> " us huroln provlded W1th rosp¢ct to thq paymant of Irt:poslNons. Ar�ytMng Eo tho eontrary hnroin °
<br /> ' . notMithstandlrg, Trusto� �hall havo no oblipation to pay aqy francMs�, astatn. 1nhoMWnco, or incano tax • �,,
<br /> '� loviad on lionafteiary or on the obllgatlonc sacurad hcraby.
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<br /> �.^,'�� .• •+y 5. �lctions Affecttna Truat Esteto. To appoar in aM eontost any acS7on or proceading purporttnfl :uee+
<br /> -� w affect the securlty hnreof �r tho HphLS or pa.oro of Benoficlary or Trustaot and W pay a11 cost3 and y,,,,: r��-���"-
<br /> , 'O ' �;, oxpensos. tncludtnfl cost of uvidorxo of titlo und attorney's fees, in any su�:h action or proee;.dtng in vhieh -`- --
<br /> . Bonoficiary or Trustee may nppoar. Should Trustor fails to mako any payment or to do nny act as Bunof�7ciary +••
<br /> - - � „ and/or Trustco, each in its own diserotion. without obliqaiion so W do and��ithout notico to or dcmand upon •:W:••.�'��
<br /> Trustor and without raleasinc� Trustor fran any obligation, may mako or do tho samc� 1� such mannor and to
<br /> � �� • such extent as oither may daem necessary to protect Benaficiary, pay all eosts nnd axp�snsos incurrnd by
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<br /> r &snoficiary 7n eonneetinn with tho exarclso by BoneHalary of tha foregotng rlghts, including, wilhout � , ;.�„•� :
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<br /> ' 11m5tation, costs of widoncc� of tttlo, court crosis, appratsals, survoys, and attornoy's fens.
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<br /> 6. EminQnt DartaSn. Should thu Trust E�taW. or any part thereof or tntarost thorein, bo taScan or ��, ° _ ,
<br /> dama�ed by roason of aqy public lmprovert�nt or condcmnatlon proceeding, or in any othor mannor �
<br /> ("Condcmaution"), or ahould TrusYor raeoiva any notico or othur information n.�qortlinfl such procecding, ;�
<br /> Trustor shall givo pracpt wNtten notleo thoreof to Bnneficiary. � •� .
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<br /> Bonoficiury shall bo entitled to ull carpensetion awards. and othor paymants or reliof tharefor, and 5,�„�,;; ,
<br /> shall bo ontltled at its optlon to ca�menco, nppoar tn, and prosecuCo 1n its own narnn any actl4n or :_��
<br /> ' ° proceeding. Berv�ficiary shall also be entltled to mako any canprantso or sottim�ent in eonneccion witn sucn ���;,e�p
<br /> taking or damago. A11 such car,pansatton, awarda, daoagas. rlqhts of actlon and proceeds awardEtd to Trustor J�f
<br /> (tho "Proceeds") aro hnreby assipned to Bonoficlary, and Trustor agrees to cueecuto such furthnr ussigrvnents , l .
<br /> of tho Proceeds as Benoficlary or Trusteo may requlro. �;�;.
<br /> � ln tho ovent any portion of tho Trust Estato is so taken or damaged, Ben�ficiary shall havo tha ,
<br /> option, 1n its solo and absoluta disarntton, to apply ali sueh Praeeds aftar dedueting thnrc�fram all costs �'�,}"•
<br /> and exp�nses (rnpardloss of whothor incurred M1th or without 9uit), including attornoy's fcws, incurred by �.,�,��•
<br /> �. Y, . it in connaction with euch Proceeds, upon any irdoblednoss secured horoby and in such ordnr as Banoficia�y • �, • �'
<br /> may dotormtnn. Such eppllcation or roloasa shall rat cure or wulvo any dofault or notirn of dnfau7t �k��
<br /> horeundar or invalidato tmy uct done pursuant tn sueh noticc�. �""�. .
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<br /> - 7. Appointrrent of Successor Trusteo. Bemfieiarynay. fran timo to timo, by a NriLton inst+nimenL �• �r
<br /> �t".' oxecuted and acknowledqed by Eioneficiary, matled to Trusto� and recorded in tho offico af tho Repistor of "'(:,
<br /> Oeods of Nuckolla County. Nobraskn, and by otharwisu cnrnply9ng with tho prov7sions of tho applicablu 1a�of � ��t;'� '��y,��-�:
<br /> � !he Stute of Nabraska, substituto n succussor or successors to tha Trustute nwned herc�in or actiny harcundor. ' ''�'•"'r���
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<br /> 8. InspecCions. Benoficiary, or 1ts agents, reprosentaNves, or�rorkmen, aro uuthorized to enter %:;i�
<br /> " ��'�j.;•'+ nt any rousonablo timo upon or in any part of tho Trust Estato for tho purposo of tnspect7ng tho sarna and � 't
<br /> � ;SC;��`` for tho pu�posn of po�forming any of tho aets it is euthor�zed to porform undor tho torms of any of tho Lonn 4
<br /> , Instrumonts. �"
<br /> . 9. Bonoficiar.v's f�oxors. Without affecting tho liabi lity of any othor pc�rson ltablu for tho y,
<br /> � pn�miont of any obllc�ution horoin montioned, artd w9thout affecting tho lten or charge of this Ooed of Trvst • , j�
<br /> • i� upon any portion of the Trost Estate not then or thnroCoforo raleased as sF:curity for tho full onwunt of all j 4 • '%
<br /> _�.:, ';.: unpaid obligatlone, Benofictary may, from timca to ttmo and Ntthout notico, (t) releasn or reeonvay, or causu � �• ,
<br /> to bo rolcasnd or raca�voyed, at any t�mo, at BonoHciury's option any pareol, portion or all of tho Trvst I �?
<br /> EsWta, or (it) tako or roleaso any othor or additimai securlty for any obligatton horoin mentioned. .. ,.
<br />- � ?� " 10. Events of Oofnult. Any of tho follwfng events shall bo der,m¢d an ovont of dofault ' +
<br />-=.,-y. horaundors �� .�' .. .
<br /> �� (a) Dofault shall bv mado in tho payrtront of any installment of prtncipal of intorost or uny uthcr •
<br /> sum secured hareby for a poriod of flfteon (15)dnys afWr �+rittan nottco is doltvorad to tho Trustor thaL ,
<br /> � ho hos fnilal to maka p�ynqnt whnn d�tti or
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<br /> # � (b) Trustar shall ftlo n voluntary pot�tion 1n bankrupt•ey or shall bo ad�udtcuted a bankrupt or � •
<br /> lnsolvent, or shall f110 any potttion or ansxor souking or acquioscing 1n any reorganizetion, arrangement� :
<br /> ,' � eomposltlon, raad�usYraent, 1lqutdation, dissolutton, or cimilar raitof for ltsoif urtdor any present or �
<br />�: futuro federal, sLnto or othar ctatuto, law or rcgulatton ralatin9 to bankruptcy, tnsolveney, or othor I
<br /> � roliof for d�btors; or shall saok or eonson+ to or acqutuaea in tho appotntmont of any Trusteo, recotvar or
<br /> S �� liquldator of Trustor or all or any part of cho Trust Estate, or of any or all of Lho royultios, rnvenuas,
<br /> ranta, issuos, or profits thoraof, or shall mako nny gerwral assigrmont for tha bonefit or ereditors; or
<br />� • �, (c) A eourt of competent ,�urisdtction shall antor an ordor, �udgmant, or decrcio approving a �
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<br />� • or futuro fcdaral, stato. or othar statuto, laN or regulnttion r�lnttng to bankruptcy, insolvuncy, or othor � "
<br />�[. � rolief for dobtors, urd such ordor, ,�udgmont or decrno shall rematn unvacated und unstuyed for an agqregate �
<br /> of sixty (60) days (Nlathar or not consecutivo) fran tho first dato of ontry therec+f� or any TrusLCC, �
<br /> recoivor, ��r 11q��idaWr of Trustor or of t►71 or nny part of tho Trust Estntu, or of any or oll of tho
<br /> a. royaltios, mvon.�os, rents, lssuns, or profits t�ercof, shall bo appointcd without tho eonsent or �
<br />� ncquioscr.neo of irustor aMi �uch appolntn�enz shall rematn unvawtad and unsiaycd for an aggregnto of sixty
<br />� „ (GO) days (Mi�ethor or not consoeuttvo)i ur
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