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<br /> , (urtlicr, th(i 'i�ust Oecd may, at Lcndcrs aption, bn Jcclared Irs�medlatcly duc and payablc if (1) Oorrowcr if a � •
<br /> parYncrship and salls or assir�ns by any mcans whatsocvcr any partnenhlp Intorc4t,or(21 If tlorrowcr i�a cor�ar�tion ,i
<br /> ond Oorrov�er or�its parcnt carporation sclls or�ssigna by any mcans whatsouvcr��n`'h or morc o(the stock =_—
<br /> ol tho eotparotton or porent eorporation or if salJ Qorrower or itc parent co�poratlon merqes in sny (orrn with' ' ---
<br /> onother corporatian or mtity,or(31 If Oorrowcr i� a corparatlon and there t�o chane�e fn tho maiorfty of themem• ; �,,,.
<br /> ' I Srera of tha 8oard ol Dircctors ol tha Uorrowcr or ite parcnt corpor�tlon, m (A) (f Ootrowcr if o cornon�ion rnd .-. —
<br /> lhcto is a Chanpo.in tha perlan ol Ch(cf Cxecuttvc Ofl(ccr ol said corporation nr Its parcnt corporatton.Ocnclictsry �;
<br /> shall hovo watved iuch option to occcicrate if�prior to the salc, trans(cr or convcyance,Ocnellctary an�thc person tv _—
<br /> whorn thc property Is to be�old or tronsfcrred reoch nflrecmcnt in wAting th�t the crcdlt o(such person it satis• „ �
<br /> lactory to Ocneflciary and th�t'thQ Intcrc+t payablo or�thc:ums securcd by this Trust Deed sholl bc at such rate•as - �,.
<br /> BenelleiaryshoUtcquest. • ' ' ' �'' -�
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<br /> ' 12. Accelcration upon Oc(sult; Acmedics;Sale.Upon dcfault by Trustor tn�tho paymcnt of or periormance ' . —
<br /> �� of the tmms and conditions ol thc Notc,or any rcncwats,moJitizotions ov cxtcnslon3 thcrca},or thc �syrncnt of �� '.�
<br /> �ny other indebtedne�s sceured hereby or in Iho per(ormance ot any of tho covenants or agreemcrts hcrcundor, •.;r,:. ., . � ,;. �y
<br /> • I3enefici�ry maY dcclarc all sumsscarcd hcreby immediatcly cluc and pay�blo and the s�me shall thcrcupon becomc ` • � '','
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<br /> " du¢and payablo without presentmcnt,dcmand,protest or notice o t any ktnd.Theroafter,Bcneficiary may dclivcr to - • -° •.,�;—
<br /> Trustce a.writton dcclaradcsn of dctauit and demand for sale. 7rustcc shall havc thc powcr of sala of cho Property ;�,�,T_`__�`ii
<br /> ° . ond Qf�OcneficTory dFCidcs tho Propcny is to bc sold it shail deposit with Trustec this 7rust Dced and thc Note or • r•• "
<br /> .. notes and a�y othcr documents evidencing expenditures secur��d hereby,ond shal��deliver to 7ru:tee a writter�notico ������ ����
<br /> f'r._._��<•-•_
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<br /> o(drtault and clection to causc thc Property to bc sold, and Trus�ee,In turn; sliall prepare a simtlar noticc in the •f•,:=n�=��=
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<br /> � form required by Inw,which shail be'duly filcc!(or record by Trustee. ': ;t�t:---
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<br /> ,(�J ' Afte� thc lapse ot such timc as may bc required by law following thc recordation o(Noticc _�—=�=s-•
<br /> of Dclault, and Noticc ot Dclault and Noticc of Sale h�vin9 been given ns rcquired by taw, � " '�'�:•'°';; , ____
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<br /> Trustcc, without demand on 7rustor,shali sctl the Proparty in onc or more p�rccis and in . -_ _
<br /> such ordcr as Trustcc may dctcrminc an thc Jatc and at thc dme and placc dcsic�natcd in said • �.k:�==--�
<br /> Notica of Sale, at public auction to thc hi4hest bidder,Ihc purchase priCC payable In cash in -
<br /> ' � • lawtul moncy o f the United States at thc timc of s�ic.Tho person conducting thc sale may, _�
<br /> ^ for any causc ho ar shc dcems cxpcdicnt, postponc thc salc(rom timc to timc until it shall """�:��� ,
<br /> _....__ ,p ,�.•e�..f n...�nnnrmnnr chall ha ivcn b public d�cl�• . �'•
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<br /> rntton thereof by such person at the time and plaee last�ppointed for the sale;provided,1f �t'
<br /> the sale is postponed for longer than onc (1)day bcyond thc diy desic�nated in the Notice at � �
<br /> . Sale, notice thereof �hall be �iven in the sama manner as the original Notice of Sale.Trustec �_
<br /> shall cxeeutc and deiivcr to chc purchascr its OccJ eorneyin� thc Property so sold, but � ,,;
<br /> • � without any covenant or warronty, ex�ress, or implicd. Thc recitais in the Oeed oi any `" �'
<br /> mattcrs ar facts shall bc conclusivc proof of tlic truthfviness thcrcof.Any person,including
<br /> without limitation Ocnc ficiary or 7rustcc,may purchasc at U�c salc. � � � `
<br /> �E?�1
<br /> Ib) When 7rustec selis pursuant to the U�crs herein,7rvnee shatl appiy the proeeeds of the �'��'�°�
<br /> salc to paymcnc of thc costs and expcnses ol excrcisin9 thc powcr of salc ancJ of thc salc, � �� ;�.�
<br /> includtng,without limiWtion, the paYment of 7rustee.�s Fecs ineurred,which 7rustee�s Fecs ,,_.�,1 ,�=�-
<br /> • shall not in the a�regate excecd the sum af Fivc Hundred and No/100 (S500.00)P�us 1/2 � ;� "� '�'_
<br /> " 00 196 ot thc amount secured hcreby and remaining unpoid and then to thc items set fonh �:�' � '
<br /> in subparograph (c) hcrcof in thc ordcr thcrcin statrd.� � � ,� �p�}l.
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<br /> Ie) Ahcr payinq tho items spceilicd in tubpara9raph (bl, if the salc is by Trustec,or thc proper , "�
<br /> eourt and other eosts of foreclosurn and sale il thc salc is Pursuant to judicial loreclosure, ' ��
<br /> the proeccds of salc shall bc spplicd in thc ordcr statcd bclow to thc payment of: � �'
<br /> . I `Iu., "
<br /> . (1) Co�t o! ■ny evld�nt• of tltle p�oeureJ in eonn�etlon vlth �aeh ��le enJ o( •ny
<br /> � . • [�v�nue r�quti�d to 6e p�ld: � -�
<br /> . , (2) Attorney he�:
<br /> • (�)' All •u�• th�n ��evtrd A�t�4y; �
<br /> (i) Juntor Crwt d�ed�, nort��se�, or otAc r lt�nhelda[�; and ,
<br /> (3� Tr• ee�aindei, tt a�r, to the p�r�on l�t�llr ��tltled ehee�to. �
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<br /> � •13. Addittonal Socurit Instrumcnts. Trustor, at its cx�cnsc,will exeeutc and dclivcr to lhc Deneficiary, �
<br /> , promptly upon demand, sueh secu:ity instruments as may be required by Beneficiary,in form and substance satis•
<br /> factory to Beneticiary, eovering any of the Properry eonveycd by this Trust Deed, which seturity instrvments '
<br /> shall be �dditi0nal tecurity tor 7rustor's (aithful performance ot all ol the terms, covenants and condition:of this
<br /> Trust[)eed, the promtssory notcs securcd hcreby,�nd any othcr sccurity instruments executed in connection with
<br /> thlst�ansact�on,Such Inttruments shall be recorded or f�led at 7rustor�s expense. .
<br /> ' • 14.' AoPointmcnt of S�ccessor Trustc:. Ocneficiory may, from timc to timc, by o writtcn instrumcnt exc•
<br /> cuted and acknowledged by Beneticiary, mailed to 7rustor and recorded in the county or countics in which the �
<br /> � PropCrty(s locatcd onJ by utheiwisc complyfng with thc provitio�s of thc applicablc laws of thc Statc of Ncbraska
<br /> ' • subititutc a Sueecsior or suCCessors to thc Trustcc named hcrcin or acting hercundcr.
<br /> � �
<br /> 15. lnspeetions. �enaficiary, or its agents, representatives or workme��, are authorized to entcr at any
<br /> 4 reasonable ttme upon or in ,ny part of thc Propeny (ar thc purpos^ of►nspecting tho same and for the purpose ol
<br /> �; � ' �Ct�orming 0qy ot tltc oCts it(s authorized to pertorm undcr th c tcrms of thc Trust Decd.
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