200411512
<br />be applied, at the option of Beneficiary, in
<br />in an amount at least equal to the lesser
<br />oT I dod, as amended, and by regulations implementing the same. I restons) further agree that benenciary is not and will not be liable for any (allure
<br />by Trustorlsl or by any insurer, far whatever reason, to obtain and keep this insurance in force.
<br />3. To keep all buildings, fixtures, attachments, and other improvements now on or hereafter placed on the property occupied and In good repair,
<br />maintenance, and condition and to neither commit nor permit any acts of waste or any impairment at the value of the property. Beneficiary may
<br />enter upon the property to inspect the same or to perform any acts authorized herein or In the credit agreementlsl.
<br />4. In the even[ Trustorlsl fails to pay any liens, judgments, assessments, taxes, rents, fees, or charges or maintain any insurance on the property,
<br />buildings, fixtures, atachments, or improvements as provided herein or in the loan agreementlsl Beneficiary, at its nation, may make such payments
<br />or provide Insurance, maintenance, or repairs and any amounts paid therefor will become part of the principal indebtedness secured hereby, be
<br />immediately due and payable and bear Interest at the default rate provided in the notels) or credit agreementlsl from the date of payment until paid.
<br />The advancement by Beneficiary of any such amounts will in no manner limit the right of Beneficiary to declare Trustorlsl in default or exercise any
<br />of 8eneficimy's other rights and remedies.
<br />5. In the event Beneficiary is a party to any litigation affecting the property or the lien of this Trust Deed, including any action by Beneficiary to
<br />enforce this Trust Deed or any suit in which Beneficiary is named a defendant (including condemnation and bankruptcy proceedings) Beneficiary
<br />may incur expenses and advance payments for abstract fees, attorneys fees Ito the extent allowed by law), costs, expo se appraisal and
<br />im
<br />other charges and any amounts so advanced will become part of the principal indebtedness secured hereby, be medlately d
<br />due and payable and
<br />bear interest at the default rate provided in the notels) or credit agreementlsl from the date of advance until paid.
<br />6. Any awards made to Tructogs) or their successors by the exercise of eminent domain are hereby assigned to Beneficiary; and Beneficiary is
<br />hereby authonzed to collect and apply the same in payment of any indebtedness, mature or annotated, secured by this Trust Deed.
<br />T. In the event of default In the payment when due of any sums secured hereby (principal, interest, advancements, or protective advances), or failure
<br />to perform or observe any covenants and conditions contained herein, In the notels), credit agreementlsl or any other instruments, r any
<br />proceedings is brought under any Bankruptcy laws, Beneficiary, at its option, may declare the entire'mdebtednesssacured hereby to be immediately
<br />due and payable and the whole will bear interest at the default rate as provided in the notes) or credit agreementlsl and Beneficiary may immediately
<br />authorize Trustee to exercise the Power of Sale granted herein in the manner provided in the Nebraska Trust Deeds Act, or, at the option of the
<br />Beneficiary, may foreclose the Trust Deed In the manner provided by law for the foreclosure of mortgages on real property, Including the appointment
<br />of a Receiver upon ex parts application, notice being hereby expressly waived, without regard to the value of the property or the sufficiently, thereof
<br />to discharge the indebtedness secured hereby or in the loan agreements). Delay by Beneficiary in exercising Its rights upon default will not be
<br />construed as a waiver thereof and any act of Beneficiary waiving any specified default will not be construed as a waiver of any future default. If
<br />the proceeds under such sale or foreclosure are insufficient to pay the total indebtedness secured hereby, Trustorlsl do hereby agree to be personally
<br />bound to pay the unpaid balance, and Beneficiary will be entitled to a deficiency judgment.
<br />8. Should Beneficiary elect to exercise the Power of Sale granted herein, Beneficiary will notify Trustee who will record, publish, and deliver to
<br />I ruster(s) such Notice of Default and Notice of Sale as then required by law and will in the manner provided by law, sell the property at the time
<br />and place of sale fixed in the Notice of Sale, either as a whole or in separate lots, parcels, or items and in such order as Trustee will deem expedient.
<br />Any parson may bid at the sale including Trustorlsl, Trustee, or Beneficiary.
<br />9. Trustorlsl hereby requests a copy of any Notice of Default or Notice of Sale hereunder to be mailed by certified mail to Truetor(s) at the
<br />address(es) set forth herein.
<br />10. Upon default, Beneficiary, either in person or by agent with or without bringing any action or proceeding and with or without regard to the value
<br />of the property or the sufficiency thereof to discharge the indebtedness secured hereby, is authorized and entitled to enter upon and take possession
<br />at the property In its own name or In the name at the Trustee and do any acts or expend any sums it deems necessary or desirable to protect or
<br />preserve the value of the property or any interest therein, or increase the income therefrom; and with or without taking possession of the property
<br />is authorized to sue for or otherwise collect the rents, issues, crops, profits, and Income thereof, including those past due and unpaid, and apply
<br />the same upon any indebtedness secured hereby or in the loan agreement(s).
<br />No remedy herein conferred upon or reserved to Trustee or Beneficiary is intended to be exclusive of any other remedy herein or by law provided
<br />or carmi0.ed, but each will be ciasubh rye, will be m addition to every other remedy given hereunder or now or hereafter existing at law or in equity
<br />or by statute, and may be exercised concurrently, independently or successively.
<br />11. Trustorlsl acknowledges that the duties and obligations of Trustee will be determined solely by the express Provisions of this Trust Deed or
<br />the Nebraska Trust Deeds Act and Trustee will not be liable except for the performance of such duties and obligations as are specifically set forth
<br />therein, and no mplled covenants or obligations will be Imposed upon Trustee; Trustee will not be liable for any action by It in good faith and
<br />reasonably believed by it to be authorized or within the discretion or rights of powers conferred upon it by this Trust Deed or state law.
<br />12. The integrity and responsibility of Trustogs) constitutes a part of the consideration for the obligations secured hereby. Should Trustorlsl sell,
<br />transfer, or vey the property described herein, without prior written consent of Beneficiary. Beneficiary, at its option, may declare the entire
<br />indebtedness immediately due and payable and may proceed In the enforcement of its rights as on any other default.
<br />13. Assignment of Rents including Proceeds of Mineral Leases. Trustogsl hereby assigns, transfers, and conveys to Beneficiary all rents, royalties,
<br />bonuses, and delay moneys or other proceeds that may from time to time become due and payable under any real estate lease or under any oil, gas,
<br />graval, rock, or other mineral lease of any kind including geothermal re existing or that may hereafter come Into existence, covering
<br />the property or any part thereof. All such sums so received by Beneficiary will be applied to the indebtedness secured hereby; or Beneficiary, at
<br />Its option, may turn over and deliver to Tructord) or their successors in interest, any or all of such sums without prejudice to any of Beneficiary's
<br />rights to take and retain future s' s, and without prejudice to any of its other rights under this Trust Deed. This assignment will be construed to
<br />be a provision for the payment or reduction of the debt subject to the Beneficiary's option as herembefore provided, independent of the lien on the
<br />�uoperty. Upon payment in full of the debt and the reconveyance of this Trust Deetl of record, this assignment will become Inoperative and of no
<br />rther force and effect.
<br />14. This Trust Deed constitutes a Security Agreement with respect to all the property described hereln.
<br />15. The covenants contained in this Trust Deed will be deemed to be severable; in the event that any portion of this Trust Deed is determined to
<br />be void or une fordeabfe, that deturrony( ion will not affect the validity of the remaining portions of the Trust Deed.
<br />STATE OF PLN'NSYLVAi
<br />as
<br />CDthis oD�F.�,y , l �n )
<br />On this '& day of NoVP3gbeT 2004 , before me, a Notary Public, personally appeared
<br />Gene K. Cangwish and Carol J. G,angwi sh, husband and wife
<br />to me known to be the demonist named in and who executed the foregoing instrument, and acknowledged that they executed the same as
<br />Chet r voluntary act and deed.
<br />(BEAU 01A
<br />I
<br />IA
<br />SFAL
<br />Megan T. McClain. Notary Public
<br />City of Harrisburg. Dauphin County
<br />My rmuminon expires November 18, 2006
<br />My commis ion expires
<br />L6Mr�w— M<<lach
<br />(Type name and , and)
<br />Notary Public In and for said County and State
<br />Ap #: 0035)68]; Primary Customer ID #:00063589; OF #: 38220 Legal Doc. Date: November 22, 2004
<br />FORM 5011, Trust Deed and Assignment of Rents Page 2
<br />0,-11-L L� .) c.
<br />dock
<br />,y anywlsTi v
<br />Carol J urogwisTt —V
<br />INDIVIDUAL BORROWER
<br />ACKNOWLEDGMENT
<br />STATE OF PLN'NSYLVAi
<br />as
<br />CDthis oD�F.�,y , l �n )
<br />On this '& day of NoVP3gbeT 2004 , before me, a Notary Public, personally appeared
<br />Gene K. Cangwish and Carol J. G,angwi sh, husband and wife
<br />to me known to be the demonist named in and who executed the foregoing instrument, and acknowledged that they executed the same as
<br />Chet r voluntary act and deed.
<br />(BEAU 01A
<br />I
<br />IA
<br />SFAL
<br />Megan T. McClain. Notary Public
<br />City of Harrisburg. Dauphin County
<br />My rmuminon expires November 18, 2006
<br />My commis ion expires
<br />L6Mr�w— M<<lach
<br />(Type name and , and)
<br />Notary Public In and for said County and State
<br />Ap #: 0035)68]; Primary Customer ID #:00063589; OF #: 38220 Legal Doc. Date: November 22, 2004
<br />FORM 5011, Trust Deed and Assignment of Rents Page 2
<br />
|