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<br />� (8) Any feilure on tho part of the Trustor to meet the repoyment terms in reapect to tho Loan Agroement and any • _
<br /> other edvencos under thfa Deed of Trust hereby eecurod;and, ' �'-
<br />` (C) Any actlon by the Truetor pvohlbited by the ternie of the Loan Agreement or thls Deed of Truet or any fallure of
<br /> tho 7ructor to nct u�roqulrod by tho l.o�n�flre�ment or thi�Desd oi Truet,oaah af which Truetor hereby aflrees �-�
<br /> heve en adverse effoct on the Baneficiery's securlty tor the Iine of credit esteblished and tha rlghta of the �
<br /> . �� t:: .,
<br /> � Beneflcfery In such security. .' �_~
<br /> end upon tho happening of eny such event of default,Beneflciery ms•� declere nil sums secured hareby Immediatoly ' ° � 4��;:
<br /> duo ond peyeble by deliver to TrusteA of written declaration of default. The Truatee shell heve the powev oi sele of • �`'
<br /> the Proporty,und if 9eneffclery deelres tfie Property to bo sold, It ehnll deposit with Trustee this Deed of Trust tsnd ull �• . ,.
<br /> � promissory notea end documents evldencing expenditures secured hereby and shell deliver to Trustee a written notice `��---
<br /> of default end election to ceuse the Property to ba sold, end the Trustee in turn shall prepere e notice in the form „ . ��
<br /> required by low, which.shall.be dury illed for record by Truatee. -
<br /> (A) Af���ttt9�ip3awf,suati i�m�.�ae rney be requlred by law following the recordation of sAid notice of default, and .`��t''�
<br /> notic�of defblylo���id�hbll�e of sate having been given es re�uired by lew, Trustee, w(thout demand on Trustor, '• •••
<br /> shell sell t'�e�Prope�t�l dh_twe date end et th�time end place designated in said notice of sale, at public auction to �4:�:#�
<br /> � ' the hlghest bidder, the purchase price payeble In lewful maney of tho Un(tad States at the tlme of sale. The ' :-�,; •- •
<br /> ' person conducting the sale mey, for any cause he deema expedient, poatpone the sele from Yime to time untll It � . � '�
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<br /> shall be completed nnd, In every suah case, notice of poatponemont ahall be given by public doclaretion thereof . . •�'�
<br /> ° ' i e end lace last a olnted for the salo,provided, if tho sele Is postponed for longer then •�•>M .�-
<br /> by such psrson at the t m p pp -
<br /> ° one11) day beyond tho doy dosignated in the notice of sale, notice thereof ehall be glven In the same mene�er a& : �:�.�'���-.:�.�
<br /> � the orlg(nal notice of sale. Trustoe shalt execute end deliver to the purchaser its Deed conveying the Property so ..�-
<br /> � sold,but without endy covenent or warranty,express or Implted. The recitels in the deed of any matters or ects ;.�!'��•. _ •
<br /> • shell be conclusfve proof of tha truthfulneas thereof. Any person,including Beneficfary, may purcheae et the sele. � �
<br /> (8) When Trustee sells pursuant to the powers he�eln, the Trustee ahall apply the proceuds of the s�le to peyment •�� `�_=-
<br /> of the costs end expenses of exerclsing the power of sele end of the sale, fncluding the peyment of the Trustee's ` 'n.�-�—"
<br /> faes aatually incurred, which Truateo's fees shell not in the aggregate oxceed the following emount based upon •?�• ���-••
<br /> _.... _ . _.. . _ .---u. r. . �., I .. Q fhn• f n P tl l„ n 1 thA ? ' -
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<br /> tne amount secured'nereby ana ftllTltllltilly t�1��7[aW� :,�a�co��tur a�ihv}�i.�t v�rQ���•�-•�Q•r � rQY_@1!_ 1n _!. _ _ -
<br /> ' b�lence thereof end then to the (tems in aubparagraph IC) in the order there stated. ' — -
<br /> (C) After payln8 the items specifled in subparagraph IBI(f the sale fs by Trustee, or the proper court and other costs • � , �V
<br /> of foreclosure end sele if the ssle is pursuent to Judiclal foreclosure,the proceods of sele ahall be applied in the order , � ,�:
<br /> • ' ateted to the peymen4 of: � F � ,'
<br /> (q Cost of any evidence of title procuped In connectfon with such sele end of any revenue stemps; ,
<br /> ' (II) All suma the socured hereby; '
<br /> (111) The remainder, ff eny,to the person legally entitled thereto. �' :"'`� ,
<br /> 13. Duties end Obltpatlona of Truatees. (a) The duties and obligations of trustee shell be determined eolely by ` ` �`•�
<br /> ,...��d „
<br /> the express provisions of this Deod of Trust,end Trustee shell not be liable except for the perforrnance of such duties .! ,
<br /> and obligetfons es aro opecifically set forth hereln, end no Implied covenants or obligatio�s shall be Imposed upon .`;,�y
<br /> Trustee; (bi No provisions of thls Dead of Trust shell requlre Trustee to expend or risk Its own funds,or otherwise ;� � `
<br /> Incur any finenciel obligetion in the performence of eny of its dutles hereunder,or in the exerclse of eny of(ts rights �•� �
<br /> or power, if It shall have rounda for believin thet the rgpayment of such funds or adequete indemnity agalnst such
<br /> risk or Ifabillty is not reas nebly essured to it;c) Truatee may consult with counsel of its own choosing and the advice . ���"�
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<br /> of such counset ahall be full end complete authorizatlon and protection in the reapect of eny actfon teken or suffered ,
<br /> by ft hereundor in goad felth end roli�nce theroon;(d) Trustee shell not be liable for eny ectian teken by It in good taith
<br /> end reesonebly belfeved by it to be euthorized or within the discretfon or rlghta s�nd powors conferred upon it by this %�� •��
<br /> Deed of Trust. � "(S'•T,
<br /> �.��
<br /> 14. Addittone) Securlty lnatruments. Trustor,at Its expenso, will exocute end deliver to 4he Trustee, promptty ;_ �� f� -�
<br /> upon demend,such security fnstruments as mey be required by Trustee,in form and substance setisfactory to Trusteo, �� .., �y'�I�
<br /> covering eny of the Property conveyed by this Deed of Trust, which oecurity instPUments shall bo add(tlonal security , •� ` " +.';�'i
<br /> �� for Trustor's fafthful performence of all of the terms, covonants and conditfons of this Dsed ot Trust, the Loan i ' �;I
<br /> . � ,, ,.
<br /> Agrooment,eny promfssory notes sacured heroby end eny othor security fnstruments executed in connection with this r.�
<br /> � trensactlon. Such in8trumenCs shail be recordod or filed. end re-recordad and refiled, at Trustor's expense. ;
<br /> . r•
<br /> 76. Mlacellsneous. �'j
<br /> - (A) In the evont ony one or moro of the proviefone contained ln the Deed of Truat, or the Loan Agreement or eny �
<br /> promissory note,or eny other sacurity instrument given in connection with this transactlon, shnll for any res.son , i
<br /> � to bo held to be Invelid,illegel or unenforceeble In eny respect,such invelidity, fllegellty or unenforcoebility shal l, • :•�'
<br /> et the optfon of Benoficiary,not offect eny other provision of this Deed of Trust,thet thia Deed of Trust shall be = �
<br /> construed as if such Involid,illegel or unenforceable provision had never been contefned her9ln or therein. .. .
<br /> . (B) Thia Deed of Trust shall be constru�d accordf�g to the lews of the Stete of Nebraska.
<br /> (C) the Deed of Trust shell Insure to end bind tho helrs,legatees,dovisees,edministrc�tors. executors, successora end ... d I
<br /> esalgns of the parties hereto. �
<br /> .� ..._
<br /> _ ___ - _.._ . _-:- - � • - - • • -----�--._.: _._..__
<br /> (D) Truator shail pay olt taxes lovleU upon this ueoa or I�USt Of Ifle�eOL secured iiere�y,tua�vu�tst w�u� ciiy a�u�o. .o�.00 =_`Q��
<br /> or essessmonts which may be lovfed ngefnst the Trustee or Bennficiary or tho legal holder of the Loan Agreement � j
<br /> on eccount of the indebt�dnoss evidonce thereby. ��
<br /> (E) Whonevar used haroin,the sfneula� number shall include tho plural,the plurol,the sfngular, tho use of any gender �'i
<br /> ahall be epplicablo to ell gendors,end the term"[3onoficir►ry" shell fncludo eny peyoa of the indebtedness hereby ,�i
<br /> � , secured or any tronsfer thoroof,whath�r by oporeti�n of lew or uthorwise.
<br /> 18. Succeasor Truatee. Bnnoficla�y mey frorn tirno to time substituta a successor or succossors to any Trustea , �
<br /> ' namnd horofn or acting hereunder tn exa�uto this Trust Dood. Upon such appointment end wfthout convoYance to , _
<br /> ; tho auccossor Tru�stoo, the iettor sholl bo vostad wiYh e{I title, powors and dutios confarred �.�pon any Trustoo harein
<br /> , nomed or acting heraundor. Eoch such appo{ntment or substitution shall ba mado by writton instrumont by Beneticiary,
<br /> containlnp rofarenco to thia Daud of 7rust ond Its ploco of rocord,which when racordod in tho oftico ot tho Reeister �
<br /> of Doeds of tho county or cour'Ios in which safd proporty is sltuatod, shalt bv concluaivo proof of propor eppolntment �
<br /> of tha succossor Trustoo. Tho forepoing powar of aubstitution and tho proceduro thoroforo sholl not bo exclusivo of ,
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<br /> +r 9�9,� 408•3 I
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