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<br /> ' " ��,Q����;�,�,�,�u;�;,:��iJ;;,�t?1��.;�"��;���. ltpan d�4aul4 by Tr�star in 4i�a pay:n�nt of or p�rSorncnr,o of tho tcrms and conditions a} �
<br /> 9i��Noto,Gr a�y rcn;,,:u15,r�i0ilii(eG4ian5 ar oa4trsions 4it�rCa�,o"9ii7 pDyncn4 0�or�y olli�r in�cf�tc��ass��curcd hcTC�y cr fn 9h�p;�rfarraai�co �
<br /> ���;:•�e?����:r;;�;e:a.��-.n?y hvf�ued^r,C��R��ICifi7V fitGV(�=CIUfO 9II SLidS scturcd h�rebY ir��r„��i;utcly Gu�nr,fl payc�!�e;�d 4ha sc��n
<br /> sholf lheraupon Decome due ond pa};able wi4hout prosentniont,demand,pratest a�otico o}ary kind.YheraoNer, aenofic?ory n�ay Gelivcr 40
<br /> Trus4Ee a wri4tan declarntion of def�ult and dern�nd}or sale.Trusteo shall have the power o}soto of the Property ond if Be�eticiory decides 4he ;
<br /> � Praperty is to bn sold it shail deposit with Trustee this Oeed of Trost and tl�e Note or notes and ony athsr documents evidenting exper�ditures _.w •_
<br /> � set�red heroby,and shall duUvor to Trustea a written notice of default and elettfon to cause the Prap�rty to be sold,and Trustee,in turn,shall 4��,�
<br /> prepare a similar notice in the form required by law which siwll be duly iiled for rs�oc�6y 1�ustc�. �_" �
<br /> �� �o)After the lopse of such time as r►�y be required by luw followinp the recadatioo of Notice of Default,aiad No4fce of Ikfault ond NoticA of
<br /> � � Salo havliw baen given as requiretl hy law,Trustee,without demand on Trustor,sha11 sell the P�operty in one or more porcels and in such order _
<br /> ' as T�ustor mny determina an the date and at the time and p!ace designated in said Notise of Sale,at public auctton to the hiyhest bidder,the pur-
<br /> chase pr'ice payable in cash in la�vful money of the United Stotes at the time of snla,The person conducting tho sole may,for any cause he or she
<br /> � deems expedient,postpone the salo from time tQ time until it:hall be completed and,in every such case,notice of postponement shall be given r
<br /> by pu6lic declaration Shereof by such person at the time and p�ace lost appointed for ihe solai providad,if th3 sale is postponed for lonfler tiwn �____
<br /> one (1)day beyond the day desipnated in the Notice ofi Sule,notice thereof shall be giren in the same mmmer as the original Notice of Sak.
<br /> Trustee shall execute and deliver to the purchasee its Deed conveying fhe Property sa sold,but withnut any convenant or warranty,express,or
<br /> „ •• implied. ihe recitals in tha Deed of any matters or facts shall be conclusive proof vf the tru9hfulness thereof.Any pErson, inclurling wi4hout
<br /> limitation Trustee,may purchase at the sale.
<br /> (b►,Wl�en Trustee sells pursuant to the powers heroin,Trustee shall apFly the proceeds of the sale to payment of the cos4s ond expenses of
<br /> exercising the power of sale and of the sale,including,without limitotian,the payme�t of Yrustee's Fees incurred,which Trustee's F+res sholl not
<br /> in the aggregate exceed the following omounts bosed upon the amount secured hereby and remaining unpaid: 5 percen4um oi� 4,`�e talc��ta
<br /> theraof j and then to the items set forth in subparagraph(c)hereof in the order thereio stated.
<br /> �� (c)After paying the itoms specified in subparagraph(b),if the sale is by Trustae, or the proper court and other costs of foretlosure and snle
<br /> " if tho sale is pursuont to judiciol foreclosure,the proteeds of sale shal!be applied in the ordar stated below to the payment of: _
<br /> , (1) Cost of any evidence of tetle procured in connection wifh such sale and of any revenue required to be pnidr
<br />�.', ,: ° ' (2) Attorneys fees;
<br /> (3) All sums then secured herebys �
<br /> � (4) Junior trust deeds,mortgages,or other lienhalders;and
<br /> -- - � (5) The remainder,if ony,to the person or persons legatly en4itied tnerero.
<br /> � (d) If the Beneficiary of this Deed of Trust is a bunk as defined by Nebroska law,ony statemeni conPoine$in any oii��5c�;��'v��s`i`���o�
<br /> + ' � notwithstanding,the Beneficiary shall not be entitled ro receive or take ond debtor shall Rot be obligated to pay or give;any confession o4 judg-
<br /> ' - ment,power of attorney to confess judgment,power of attornay to appear for a barrower in a judicial proceeding or ogreement to pay the costs
<br /> ', of collec9ion of the attorneys'fees,unless such ucts of collection would nos osherwise be prohibited by Nehraska luw.Provided,however,thut _
<br /> this section does not opply to tne Trustee fee referred to in parog�aph 6(b).Provided further,that this paragraph sholl not apply to this Deed of _
<br /> ' Trust,if the Beneficiary is not a bank. —
<br /> ' 12. AdditioMl Sotrrity Innr�ert».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 substance satisfactory to Beneficiary,covering any of the Praperty conveyed by
<br /> � this Deed of Trust,which securiry instruments shall be additional security for Trustor's foithful performance of all of tho terms,covenants and �,:.,.:�
<br /> conditions of this Deed of Trust,the promissory notes secured hereby,and any other security instruments executed in connection with this tran-
<br /> saction.Such instruments shall be recorded or filed ot Trustor's expense.
<br /> . . , 13. Appointin�nt of Sxue:wr Trostes. Beneficiary moy, from time to time, by a written instrument executed and atknowledged by .
<br /> � Beneficiary,mailed to Trustor and recorded in the county or counties in which the Property is located and by otherwise complying with the provi-
<br /> ' sions of the applicable laws of the State of Nebrosko,sabstitute a successor or successors to th�Trustee named herein or acting hereunder.
<br /> 14. Inspections.Beneficiary,or its agenis,representatives or workmen,are authorized to entor ut ony reasonabfe time upon or in any part
<br /> ' of the Property for the purpose of inspecting the same ond for The purpose of performing ony of the octs it is authroized to perform under the
<br /> • terms of the Deed of Trust. „
<br /> ,. 15. Opfion to Forecb:e.Upon the occurrence of any default hereunder,Beneficiary sholl have the option to foreclose this Deed of Trust in
<br /> the manner provided by low for the foreclosure of mortgages on real property.
<br /> ' � 16. Forebearance by Benefielary Hat a Walver.Any forebearance by Beneficiory in exercising any right or remedy hereunder, or otherwise
<br /> � , offorded by applicable low,shall not be a waive�of or preclude the exercise of any such right or remedy. Likewise, the waiver by Beneficiary of
<br /> • any default of Trustor under this Deed of Trust shall not be deemed to be a waiver of ony other or similar defoults subsequently occurring.
<br /> 17. Trustor Nat Released. Extension of tha time for payment or modification or amortization of the sums secured by this Deed of Trust i
<br /> granted by Beneficiary to any successor in interest of Trustor shall not operote to releose, in ony manner,the liability of the originol Trustor and i
<br /> Trustor's successor in interest. Beneficiary sholl not be required to commence proceedings against such successor ar refuse to eutend time for
<br /> poyment or otherwise modify amortization of the sums secured by this Deed of Trust by reason of any demond made by the original Trustor and
<br /> � Trustor's successor in interest. I
<br /> 18. &naficfmry'i Powen.Without affecting the liobility of the Trustor or any other person�iable for the poyment of any obligation herein I
<br /> mantioned,and without affecting the lien or chorge of this �eed of Trust upon any portian of the Prapeny not then or theretofore released as
<br /> seeurity for the full amount of oll unpaid obligntions,Benoficiory may,from time to time and without notice, (i)relQase any person so liable, (ii) ;
<br /> extend fhe maturitq or alter any of the terms of any suth obligations. (iii)grant other indulgences, (iv)release or reconvey, or cause to be '
<br /> released or reconveyed at uny time ut Beneficiory's options any parcel,portion oroll of the Property,(v)take or release any other or additionnl
<br /> seturity for any obfigation herein mentioned,or (vi)mpke compositions or other orrangements with debtors in relotion thereto.
<br /> 19. Futuro Adrmce:. Upon request of Trustor,Trustee at Trustee's option,prior to reconveyance of the Property to Trustor, may make
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<br /> future advances to Trustor. Such future advances,with interest tnereon, snan ue secureu oy rms trusr ueea mien vvwv���n, �r N������»��,
<br /> � notes stating that said notes are secured hereby:provided that at no time shall the secured principal,future odvances,nat including sums ad-
<br /> � � • vcxnced to pro4ect the security,exceed an ac�gregate principal amount of S _•
<br /> � 20. �texarerme�e by Trwtee.Upon ivritten request of Eieneficiory stafing thot all sums secured hereby have been paid,ond upon surrender
<br /> ` • of this Deed af Trust ond th2 Note to Trustee for cancellation and retention and upon payment by Trustor of Trustee's fees, Trustee shall
<br /> reeonvey to Trustor, or the person or persons legally entitl�d thcreto,without �rarranty,uny portion of the Property then held hereunder.The
<br /> + . recituls in such reconveyance of any matters or facts shall be conclusive proof of the truthfulness thereof.The grantee in any reconveyance may
<br /> �` be described as"the person or person5 legally entitled thereto".
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