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<br /> s,..r. �,:. .�,..t�+f �/Pit�1Y4iM974.m}r.c�.:,i-�sr-�FOth,�wtar�,ra�r:n�:.�&4.�.�ss� r�'j ��ai�•��, r�r�.nr� � .w►t.r„--.._ ..n;•p„w�r�,mM , ,.. .
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<br /> � 11, t!_:�:�:��t��l.��� �L':.`;:::3�P.:��:�'��t f='•�. Upon dofault by Yrostor in iho poynent o4 or p2rformanso of tha torms ar,d conaitions of � �.��'''
<br /> th�I;o4o,or Qny rcn:;::als,r�:adi4icatians oP oxtcnsior��th�rcof,or 4i��paynont c�any oth�r ind�btcdnass scturcd h�rcby or in tfi�p�rfarrianto -
<br /> af any of the conveiwnts er a{reemer�ts hereunder,aenoficiary may declare all sums sncured hereby imnediataly duo nnd payable and the sama
<br /> �� ahall thereupon batom�due and payable without presentment,dartwnd,protes4 or no4ice of any kind.Thereafter,Be�eficiary mny deliver to ,
<br /> Trust�u a written deslaratian of defaul!and demand for sale.Trusteo stx�ll have the power of sale of the Proporty and if Qeneficiary decides tho j
<br />_ ° Property is to be sold it shall deposit with Trusteo this Deed of Trust and tl�o No�e or notos and any other documents evidencing axpenditures I
<br /> � sesured hereby,and shail detiver to Yrustee c vrrittan r+otice of default and alection to causo tha Property to be sold,and Trustee, in turn,shufl
<br /> � prepa�e a sirailar�otice in 4isa fnrrr�i re�ufrcd by laei ertiich shal!ba duly fileQ for rctnr6 6y Trustep.
<br /> � (a) dfPer the loQSe of such time as moy be requfred by law feflowing the recordation of Notice of Oefault,ond Notite of Dafault and Notice of
<br /> Sule hovinfl been given as required by law, Trustee,wifhout demond on Trustor,shall sell the Praperty in one oe mare porcels and in such arder
<br /> as Trustor mny determina on tho�ate and at tho time Und place designated in said Notice of Salo,at public auction to the highest bidder,the pur-
<br /> chase price poyabls in cash in uwful money of tho United Stoses at the time of sale.The person eonducting the salo may,for any causo he or shQ
<br /> � de�ms expedient,postpono the sale from time to time until it sha�l be completed and,in every such case,notico of postponament shall be given � �
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<br /> b ublit declaration thareof b such rson at tho time and lace last a ninted for the sale; rovided,if tha sale is ost ned for lon er thon �
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<br /> " ' one(1)day beyond the day designated in the Notice of Salo, notice thereof shall be given in the same manner as the original Notice of Sale. �
<br /> � "=� Trustee shall exocute and defiver to the purehaser its Deed convoying the Property so sold,but without any comonont or warranty,express,or
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<br /> � -• implie�l.The recitals in the Deed of any matters or facts shall bo conclusive proof of the truthfulness thereof.Any person, including without -�
<br /> ' limitation Trustee,may purchose at the sale. . ,
<br /> " (b)_When Trostee sells pursuant to the powars herein,Trustee shall apply the proceeds of tho sale to pnyment of the costs and expenses of . ` �
<br /> � exercisinp the power of sale and of the sale,including,without limit�tion,the payment of Trustee's Fees incurred,which Tn�stee's Feos shnll not .-.�t riY�,_?�
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<br /> in the aggregate exceed fhe fol�owing omounts 6ased upan ihe amount secured hereby and remaining unpuid: 5 parce�tum on the batance � .-.r,.-�
<br /> thereof;and ihen to tha items set forth in subparagraph(c)hereof in the order iherein sfoted. . �,�:':•,-
<br /> (c) After paying ihe items specified in su6paragruph(b),if the sale is by Trustee,or the proper court and other costs of foreclosure and sale • ":*, .
<br /> „ if ihe sale is pursuant to judicial foreclosure,the proceeds of sale shall be applied in the order stated below to tho payment ot: � ,,,.,,,-:F -
<br /> ;.;,�....�:,���.�
<br /> ;�. : � .; (1) Cost of any evidoRCe of title procurad in tonnection with such sale and of ony revenue required to be poid; • " �,�
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<br /> , � (2) Attorneys fees; "�'•`-;�� -
<br /> " (3) All sums thon secured hereby: �•��"��;'s: =__
<br /> . (4) Junior trust deeds, mortgages,or other lienholders;and .,;�,�,° _
<br /> (5) The remainder,if any, to the person or persons legally entitled thereto. =—
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<br /> (tl) tt tne 8enenciary of Tms �ieeo or�rue��a a uanic us uv����GO t,y�i-vo��s�u��w,u'iiy Siu�Bn�cZ4;.crta�r,�,.��t3T'j.. �S.,L.��R.. l...:L��E.. —
<br /> notwithstanding,the Deneficiary shull not be entitled to receive or take and debtor shall not be obligoted to pay or give;any confession of judg- . � �
<br /> . , ment, power of ottorney to eonfess judgment,power of attorney to oppear for a borrower in a judicial proceeding or agreement to poy the costs "' ' ,,. '
<br /> of collection of the attorneys'fees,unless such ads of r.ollection would not otherwise be prohibited by Nobrasko law. Provided,however,that 3n�`
<br /> 's.�;'' this settion does not opply to the Trustee fee referred to in poragraph 6(b).Provided further,ttiat this paragraph shall not opply to this Deed of , ;�'�.:� `
<br /> � 1rost.if the Beneficiary is not a bonk. : ::r- • '';
<br /> � . 12. Additlond Suwit�►Inttru�nt�.Trustor,at its exponse,will execute ond deliver to the Beneficiary,promptly upon demand,such securi- �;�,. ;'`
<br /> ty instruments os may be reguired by Beneficiary,in form and substance satisfactory to Beneficiary,covering any af the Property conveyed by �"}w; ;, 'f".' :
<br /> , this Qeed of Trust,which security instruments shall be additional security for Trustor's faithful performance of all of the terms,covenants and �;:`'�:f;, �';�
<br /> canditions ot this Deed of Trust, the promissory notes secured hereby,and any other security instruments oxecuted in connection with this tran- I ., _R�:;� , .�;,
<br /> , saction.Such instruments shall be recorded or filed ot Trustor's expense. � • ' �.'
<br /> 13_ AMoi�M��rtt of SYea�sor Tsustt�. Beneficiary may, frorn time to time, by a written instrumont executed and acknowledged by ;�
<br /> Beneficiary,mailed to Trustor and recorded in the county or counties in which the Property is locafed and by otherwise complying with the provi- - ' >`� -� t
<br /> � sions of th0 opplicable laws of the State of Nebraska, substitute a successor or successars to the'frustee named herein or acting hereunder. ` � ��� '�b��`
<br /> 14. Inspees�ons.Deneficiary,or its agents,representatives or workmen,oro aatharized to enter ot any reasonable time upon or in any port ! ��
<br /> of the Property for tho purpose of inspecting the same ond for the purpose of pefl6rii�lA lanyof�the acts it is aushroized to perform under the I ' • ;.±;�•
<br /> terms of the Deed of Trust. • �� 's� �A��'N��" ` 5,�l �'�t'`
<br /> 15. Option to Fortek�e. Upon the acurrence of any default hereu�der, Benoficiory shall havo tho option to foreclose this Deed of Trust in I t �
<br /> the manner•provided by law for the foreclosure of mortgages on real property. � -�f
<br /> . 16. For�b��nnn br Q�n�fkbry Not a Waiver.Any Forebearance by Beneficiary in exerc�sing any right or remedy hereunder, or otherwise • ;� ��:•�t,•��
<br /> . offorded by applicable law,shall not be a waiver of or preclude the exercise of any such right or remedy.likowise, the woiver by seneficiary of � . • ,. '
<br /> an�default ot Trustor under this Deed of Trust sholl not be deemed to be a waiver of any other or similor defaults subsequently acurring. ".�'}
<br /> 11. Tntttor Not Rek�s�d.Extension of the time for payment or modificntion or amortizotion of tho sums secured by this Deed of Trust ; '�
<br /> • gronted by Beneficiary to any successar in interest of Trustor shall not operate to release,in any manner,the liability of the original Trustor and ; �j'
<br /> � :,t Trustor's succossor in interest. Beneficiory shall not be required to commence proceedings against such,uccessor or refuse to extend time for . ��'' .
<br /> ' • • poyment or otherwise modify amortization of the sums secured by this Deed of Trust by reason of any demand made by the original Trustor ond ; „ .�.
<br /> � • Trustor's successor in interest. i "
<br /> 18. Benefitl�ry't Po�rars.Without offecting the liability of th� Trustor or any othQr person liable for the poyment of any obligation herein • =,,
<br /> • mentioned,antl without affetting the lien or chargn of this Oesd of Trust upon nny partion of tho Property not then or theretofore released as � ,
<br /> SeturGty for the full amount of all unp�id obligotions, Benoficiory may,from time to time ond without notice, (i1 release any person so liable, (ii)
<br /> � oxtend tho maturity or olte�ony of the terms of ony such obligations, (iii)gront�ther indulgences, (iv)release or retonvey,or couse to be '.j ,
<br /> � .. r�teased or retonveyed at any time at Beneficiary's options any parcol,portion or all of the Property,(v)take or release ony other or additional ���
<br /> security for any obligation herQin mentioned,or(vi►rnake compositions or other orrongements with debtors in rolation thereto. �'
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<br /> �• ' 19. Futuro Adrances.Upon request of Trustor, T�ustee at Trustee's option, prior to reconvoyance of ihe Property to Trustor,moy moke _ ��I
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<br /> � notns stoting that said notes are secured hereby;provided that ot no time shall the secured principal,future udvances,not including sums ad-
<br /> � vaued to protect tho security,exceed on aggregate principal amount of 5�591 .�?3 ... 'i
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<br /> � 20. Ruonre��te b�Truat�e.Upan written requQSt of�eneficiary stoting that oll sums secured hereby have been paid,and upon surrender T I
<br /> �° `� ., of this Oeed of Trust and ttiQ Noto to Trustoe for concellation and retention and upon payment by Trustor of Trustee's fees. Trustee shall • !
<br /> �etonvcy to Trustor,or tNe person or�ersons legally antitled fhcreto,without worranty,any portion of the Property then held hereunder.The �
<br /> K recitals in suth reconveyante of any matters or fatts shall bo tontlusive proof of the truthfulness thereof.The grantee in any retonveyance moy
<br /> � be descri6ed as"the person or persons legally entitled theroto".
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