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<br /> , � !�1 Any 4ailura on the part of the Trustar to meet Eiie rep�ymeM terms in resDect io the lcan Agreement and arry �, � ` `, �-
<br /> � ., • other edvances unde�this peeri of Yn,st here6y secure�;and, • , . ;==
<br /> '. � � � `.` (C) A�y actlon by the Trustor prohibited by 4he terms of tl�e Lcan i�greement ar this Deed of Trust os any faiture of � � • , �-
<br /> � � � � ' the Trustos to act es required by tha toan Agreement or this�eed of Trustt each of wh6ch Trustor hereby agrees ,, T'_
<br /> ` - . • have an adverse affect on the Beneficiary's security for the lina of credit 'estabtished and ihe rigtrts of the � �`, . �_
<br /> ; , • ` �eneficiary tn such sscurity. � " � . � _.
<br />: - –v- ' and upon the happerting of any such event of detautt, �erteflcfary may declare ali sums secured here6y immediately ' � . ` , �.- `-�-_
<br /> ° � . � � dus end payahte by deliver to T►ustea of vrritten dactaratton of defautt. The TruStee shall have the powor of sale of �� . .• � '
<br /> ' � '. � t�e Property,and if Beneficiary desires the Prap�rty to be so[d,it shalt deposit with Trustee this Deed of Yruat end ell . '
<br />- , , promissory notes and docurnenis evidencing expenditures secured hereby and shall deliver to Trustee a written notice -� � � � �" - .
<br /> � - : �� . of defauit and etectlon to cause the Froperty to 6e sold, and the Trustee in tum shall prepare a notice in the form -.�:� . „ •
<br /> • . reqvired by law,whfch shali be duty fried for recard by T�ustee. ' ( , . �: �
<br />- . � ' �� (A1 Afterthe�Sa.of�'s}tci�ti�rts as may be required by law following the recordation of said notice af defau{t, and , ' . �:,.,; :• .
<br /> . � ' .no8�f pf iiefiauft�nd-nQJsCe:of sale having 6eeo given as required by taw, Trustee, without demand on Trustor, ' `
<br /> • , shall s�jl ths Property on.tRe date artd at the time and ptace designated in said aatice of sale,st pubiic euctton to . •� •� � �:,-
<br /> �, � • the high�st bidder, the purchase price payable in tawrful money af the United States at the time of sete. The` - ' `•", ��
<br /> . ` person conducting the sale may,for eny cause he deems expedient,postpone the sate from time to time untit it ��" "' , _
<br /> � shatl be completed and,in every sach case, notice of postponement shali 6e given by public dectaration thereof ' � " __
<br /> `� • by sucf�person ai the time and ptace last appointed for the sate,provided,if tho sais is postponed for tanger than `` •� : f�
<br /> � onetll day beyond the day designated in the notice of sate,notice thereof sha41 foe given in the same mannar as . ` " � ,t-
<br /> . ' . the ori�inai nouce of sa�e. Trus2es sha8 execute and deliver to the pvrchaser its Deed conveying the Property so .• �. ���� , - �_
<br /> • � ' sold,hut without andy covenant or warranty,ex�ress or imptied. T'he recitels�fn t�fie deed of any cna�fers"�ects . '.r---`--, '�---�-
<br /> ' , , shall be condusive proof of the truthfulness the7e�of. Any person,ficiuding Beneflciary,may purc6�ase at tha sale. �" • -
<br /> • _ � �B) When.Trustee selts pursuant to the powers hsrein,the 7rustee shaii epRly the proceeds of the sale to payment - . . � _ j�"7�
<br /> • _ � of the costs and expenses of exer�.sng the power of sale and of the sale.lncluding the payment of the Trustee's �� ��
<br /> fess ectuafty incurred,which Trustee's fees shall�ot in the aggregate exceed the#altowing amount based upon ;�: a..-_
<br /> �, the amount secured here�y and remaining unpaid;5 percentum on the f(rst S'1,000 thereof, 1 percentum on the , `;;���
<br /> � ,.
<br /> ' ;°" f.� .. '. balanca thereof and th�as io the items in subparagraph(C1 in the order there steted. • . ,,. � �
<br /> �, . (C)After paying the items specified irs subparagraph(B)if the s�!e is by Trustee,ur the�roper court and other cosis �. . ''� `
<br /> " of foreclosure and sele if the sate is Fcersuant to judicial forecles.�e,the proceeds of sa{e sha�i be apptied in the order � - �� ' �.
<br /> • . � ' stated to the payment of: - >.�• ; .
<br /> . , . (q Cost of 2a�evidence of title procured in connection with such sate and of any reven�e stamps; � , .� �
<br />- ' Qq All sums tt�e secured hereby; _
<br /> . . . Ulq The remainder,if any,to the person lagalty er�tted thereto. �
<br /> - - �. - 13. Duties artd 06Qgattona at Trustees. (a) The duties ar.d obligaYions of ttustee shafi be determined sotety by �. �' ����'r `
<br /> . ' � the express provfsions of this Qesd of Yrust,and Trustee shal!not be liable except for th�pe►formance of such duties � . ��' �
<br /> � � ar�1 obligat(ons as are s�a�calty set forth hereio, and no implied covenants or obligations shali C�e imposed upon '� � '
<br /> � Trustee; Qb) 11lo provisions of this Deed of Trost shall require Trustee to expand or risk its own funds,or otherwise � . . ,_
<br /> incur any flnancial obltgation in the p�rfarmance of any of its duiies hereunder,or(n the exercise of any of its rights ��. � . !'���'��
<br /> • �• � �. � or power,if it shail have grounds for y�?eving that the repayrr�e�t of such funda or adequate lndemnity against such ' `"����'����'� `
<br /> � riak or liability is nat reasonebfy assured to it;(c) '�rustee may cansult with counsel of its own choosing and the advice � . �•�,.�� . �
<br /> of such counse!sha11 be full end comptete authoriza��n ertd protection in the respect of any action taken or suffered '�
<br /> ='- .� . � . � by it hereundet In good faith and reiiance thereon;{cf1 '�rustee shall not be tiable for eny action taken D y it in good faith . - .' . . �,_
<br /> snd reasona��befieved by it to be authorized or v,;it�in the disaretion ot rights and powers conferred upon it tay this . . . ;
<br /> . : � � Deed ot Trus�. •����
<br /> � , � 14. Addition�Secu�ity Instrumerets. Trustor,at its expense,will execute and deSiver to the Trustee, promptfy � ' �r
<br />. = . � _ a�pon demand,such security instruments as may be requIred by Trustee,in form and substance satisfactory to Trustee, 7 '�• ' . �,'
<br /> • cavering any of the Property conveyed by this Deed of Trust,whtch securi4��insiruments shall be additional sc3eurity ; � x
<br />=; .: '" � for Trustor's faithful performance of ai� of the terms, covenants and conditions of this Qeed of Trust, the Loan f
<br /> • � . ,.. Agreemeni,any promissory notes secured hereby and any other security instruments exacuted in conrtection with t�is i „ . .
<br />- • . . transaction. Such instruments shall be recorded or�led, and re-recorded and refit9d, at Trustor's expense. �'
<br /> � � 75. Miaceilaneous. ; • .
<br />= :..��t;,: . .� (A) In the event any one or more ot the provisiorts contatned in the Deed of T�ust, or the Loan Agreement or any ; . �
<br /> . � promissory note,or eny other securlty instrurrtent given in connection with thia transaction,shall to�eny�eason �
<br /> . .� . to 6e held to be lnvatld,itlegal or unenforceabte in eny respect,such invalidity,illegafity or urtenforceability shatl, � ,
<br />_ � . at the option of Beneficiary, not affect eny othe►provision o4 this Deed of Trust,that this Qeed of Trust shall be �-
<br /> ' . cons4rued as If such Invatid,iitegal or unenforceable provision had never been conteined herein or therein. '
<br /> � ' (8) This�eed o!Trust shall be construed according to the laws af the Stete of Nebraska. � . � ."'
<br /> � ' • (C) the Deed of Trust shatl insur�tv and bind the heirs,tegatees,devisees,administrators,executors,successors and � �-
<br /> ' _ esstgns of tha parties hereto. �
<br /> � , , � �� �� (0) Trustor shall p�y att taxes tevied upon this Deed of Trust or the debt secured hereby,together with eny ather taxes f� ' � �
<br /> � � ' or_essessments which may be tevled against the Trustee or Beneficiary or the legai hotder of the Loan Agreement �' �
<br /> 'h . • � on account uf the Iadebtedness evidence thereby: �
<br /> '� � (E) Whenever used herein,the singular number shail inctude the plural,the pfurai,the singutar,the use of eny gender �•. , �
<br /> �� shall be applica6le to a11 gendars, end the term °Beneftciary"shafl include any payee of the indebtedness hereby � .
<br />_ •..;� . � socurfld or any uansfer thereof,whethet by operation of lew or otherwise. � � -•
<br /> ' 96. Succesaar Tnutes. Beneticiary may irom time to time substitute a successor or successors to any Trustee ' �
<br /> �
<br /> � � • . �. named herein or acting hereurtder to execute this Trust Oeed. Upon such appointment artd without conveyance to. � `
<br /> ' the successor Truste�,the latter shail b�ve�ted with atl titte,powera and duties confec�ed upon any Trusteo herein
<br /> ' � . . . named or acting hereunder. Each such apgointment or substitution shall be made by written instrument by Heneficiary, .
<br /> i � � � conteining�eference to this Oeed of Trust and its plsce of record,which when recorded in the office of the Ragister ;
<br /> , _ .._ .._�—___._ of iJee�s oftise covrtts►or eourrtias in witicfi saidr prop�rty is situate8,shaif be eonefusive prr��f oi{�topet appoini�net�4 `--• -
<br /> , , � oi the successor Trustee. The foregoing power of substitution and the procedure therefore shaU rtot he exclusive of
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<br /> � ��_ . � 9I94 40&3 (. .
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