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<br /> . � (B) Any failure on thg past of the Trustor to meet the repaym�at terms ia respect to the l.oan Agreement end any ��.,��.���
<br /> � `. .' .` � � , . . other edw�nces under thts Deed of Trust hereby setured;en�, � .�::,��-;��a�'�-
<br /> _ ;�� �� , � . , {CI Any ectfon by the Ttustor prohi63ted by the tetms of the i.osn�lgreement or this Oeed ot Trust or any fafiure of , ' �_�`;���`��.
<br /> , . '` � . ' � tf�e Trastor to act as required by the Loan Agreement or 4his Oeed af Trust.each of whtcf�Trustot hereby�greas `"`_'�;�s—�
<br /> � ` ,. , � Qtave an edverse affect on the Bso�eftciary's securky tar ihs line of credit established and the �ights of the '" `��
<br /> �`� `•.. Bsneficiary,in such securi4y. . _ . `
<br /> . .. . � ' ��
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<br /> ____. _ _ __ : . , _ - :: .___ -
<br /> • , , . eaid upon the happenirtg of any such event of defsuft,Beneficiary may declare all sums secur�oi hereby immedtatety, u
<br />• •� , dua and payable by�deliver to Trustee of written doclaration of defautt. The Trustee sha11 have the power of sate of � ��� �-�
<br /> • � � the Pra�perty.and if Beneffdary desirss the Property to bs sotd,it shafi depos�t with t�ustee this pead of Trust and atl '. � ', `•�?
<br /> � • '� "� promissary notes and docurnerrts evidencing expendiwres secured hereby and shatl detiver to 7rustea a wriiten notice - � . �
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<br /> .. , of defautt end�eiect#a�to cause the Propsrty to be sold, and the Trustes in tum shail prepare a notice in the form �"
<br /> � • ' • .. requiFed by law,whicf►shafl be duty filed fcar rea:otd by�TrusTSe. . `�< • �
<br /> ."��� .�. (A) Aiter tha lapse.ot suc�i ttine as lnaY be required by Iaw foltowing the reccrdation of said notice of default,and .f�_'� �
<br /> �: �,
<br /> r � rto�ice of default end na3�c�af�sale having.6een given as required by law,7rustee, wJtho�it demand cn?rustor, � � ' ;
<br />� �. . shail se[t the Prapefty ari the date and at the time arsd ptace daslgnated in aeid noEice of sate,at public auction to ` ,
<br /> ' the hi f�est Btdder;the "urchese r�ce p able in Iawfut money of the United States at the time of sa1e. The � . ��� ��••� �
<br /> '. . 9 P � 81/ '';.f
<br /> . ':� • •� � person condacting the sale may,for any cause he deems e�edient,pcstpone tfee.sate from time to time untit it �� - . �'` �
<br /> , .�:•; ,
<br /> '°: , ., . shall be campleted.and, in every such pse,notice of postponement shall be given by pubtic declaration theteof `�" �_�� _
<br /> :- . .: .- . :��,
<br /> ` • . by such person at the tTme and place tast appoirrted forthe aate,provided,if the sate is postponed#ot tonger than �' • =��s:',
<br /> ' " � � onelt►day bayond the dsy designated in the notice af sale, notice thereof shail be given in ths same martner as ' `` "` •�
<br /> t��.—_.'__ '��`_:: ____._.___ �he.ortginalnotIce�f.sate._7custee_shati..executeend_deliveria_thepurchaseritsDeed_conaeyingtbgl?roperty_s�.__ .. __.. �•�. ."'�"". �
<br /> ' `. •: sold,bsrt without artdy covenant ar�nrasranty,express or implisd. The recitats irt the desd of any matters or acts
<br /> �. � .s6a114�e conctusive proof of the truthfuiness thereof. Any pe[son,including Bene�cisry, may purchase at the s�t�. � �
<br /> ' . • . iBj t`1lhen Trustea sells purs�t to the powers here�ce,the Tnistee shall apply the proceeds of the sate to payment �:,•':���'.�
<br />-:.� ' ' .;. .. • oi the cosi�and expens�ot exercising the pawer of sale and of the sale,�.�ctudirig ihe payment of tha.Trustee's _� �
<br /> � `�- -- `- fees actually incurred;which Triistee's fess shall nof in the aggregafo exce�d-the failow�ing amount based-upan w "� ' �,��
<br /> . . ° the amount secured hereby anQ remaining unpaid;5 percentum on the ffrst$1,000 thereof,1 percentum on the ...,�� _
<br /> . balance theteof and then to the items in subparagraph(C)in the order there stated. �.. ' �
<br /> •� • � iC)After paying the ttems s�eci�ed in subparagra�Fe�6�}if the sata is by Trus�, or the proper court ard other costs Y`:�`�. .,."�:��
<br /> � �� � �•� � of fareclosure and safe ifthe sale is pursuant to jud:a�I foreclosure,the proceads of sate sha0 be appti�ci in the order �' �' � �..?�
<br /> � � • staie�to the payrnent of: . .�: �,•�.
<br />- , . . (q �cst o4 arry evidence of ti*!'a procured in connectia�with suah sale and of any revanue stamps; � ���
<br /> .�`�,,� (II) A.'i sums the secured h�e�►; - ��
<br />_ ...i,. .�.:�
<br />- �_ l���i . The remaind�,if any.to the person tagalty entitled thereto. •��:: �� __ .. ,
<br /> � � ' � ' 13. Duttss artd Obltgetic�czs�f Trustees. la) The duties and obligatians of trustee sha0 be detereseined sotely by r"�`'�;. ".
<br /> ' � the express provtsions of this Deed of Trust,end Trustoe shall not be liabte excc�t for the performance of such duties �,� � ' �
<br /> �� and obligations es ere speci�cafly set fcrtta herein, end no implied covenants or obligaticns shafl be Imposed upon '��j:� ' ;�
<br /> • �•� ` Trustee;(b1 i�to provisions of this Deed of Trust shail require Trustee to expand or risk its own funds,or otherwiss "�' ' `.
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<br />,_ :, i . . incur any finartcial obfigatton in the pertormance of any of its A�ttas hereunder,or in the exercise of 3rty of its rights � ; :' _, � '
<br /> f �_� � . �• ot power,if it shalt have grounds for betieving tha3 the repayment of such tunds or adequate indemrtit�against such ;,. ��;_� f�
<br /> r� . _Y . __ risk or liabitity is not ceasonabty assured to it;(c) Trustee may consult with counsef of its ow�choosing end the adyioe ':f�,�1-"" ,��
<br /> • • ' of such counset shall be ful)and compte:e authorizatlon and ptotection in the respect of any action taken or suffe�ed '�� •�- ' •%
<br />- ' " . by it hereundor in good faith a��retianoa t�ereon;(d) Trustee shali not be Ilabfe for any action taken by it in good fsith � „ � ;�`
<br /> � • �end reasonabty belteved by it to be authorized ar within the discretton or rtghts and powers co�erred upon it by this � � � '•
<br /> . � Qeed OfTrttst. . '.� „ �
<br /> .: - - , 14. Additional Sacurity Irtstruments. Trustor,ai its expense, will execute and deliver to the Trustee, promptly � '` •
<br /> � � upon demand,such security instruments as may be req�ired by Trustee,in form and substance satislactory to 7rustee, � �. . �� +
<br /> : .�.f,f
<br /> � '_ � � cover tng any o f t he Prope rt y conveye d t s y t h ia Dee d o f Tro s t,w h ic h securi t y in s t�umen ts s ha l l be e d di t iona t securi t y •�� � Y� � �
<br /> = tor Trwstor's faithful performance of all of the terms, cov�nants and conditions of thts Deed of Trust, the Loan ��� ��'•
<br /> '+'h''
<br /> Agreement,any promissory notes secured hereby ar.d any other security instruments executed in connection with this �
<br /> ; ; ' � . transaction. Suah tnstruments shai!be racorQed or filed,and rg-recorded and refiied, at Trustar's ex�ce�se. . . , ����.
<br /> . � 15. MiscNtan�ous. . . . ,.�
<br /> � . : � �.„�t:
<br /> � (A} in the event ar�y one or more ot the provtsions contained in the Deed of T�ust, or the Loan Agreement or any , �, ,
<br /> � promissary note,or any other security inst�ument givan in connection with this transaction,shaii for eny�eason � � ; �"
<br /> -_ " . � to 6e held to be invalid,iitega{or urtentorceabte in any respect,sttch invalfdity,illegality or unenfarc�abi0ty shall, : ��}
<br /> • � at the option of Bene�iciary, not aHect any other provislon of this�eed of Trust�that this Oeed of Trust shall be
<br /> � � �� � consVUed as if such Invalid,iltegal or unenforceabte provisivn had never been contained herein or therein. ��;
<br /> �,,,: . �• (B) This Oeed of Trust shatl be construed accarding to the laws of the State of Nebraska. . '�
<br /> � � . .'' (C) the Ceed of Trust sh�il insure to and bind the heirs,tegatees,devisees,adminisuators,executors,sucaessors and :�'•�
<br /> �� ` . sssigns of the parties hereto. � � <<+-��
<br /> .' . (p) T�u�tor shail pay atl texes levied upon thia Deed of T�ust or the dobt secured hereby,togather with any other taxes : � ,
<br /> . . . or essessrnenta which may be levied agalnst tha T►ustea or Boneftciaty or the legal holder of the Loan Ag�eement ':.�r
<br /> , • � �- on account ot the inGebteQness aviQence therehy. .� �� �,�
<br /> :�-�. • � (E) Whenever used herein,the singuler�umber shali include the ptwel,the plural,the singutar,the use ot any gender �
<br /> � . .
<br /> . . � - shall ba eDatieabte to all genders,and t�ee term°Beneticiary°shail inctude any pey�e of the indebtedness hereby 4
<br /> . . secured or any transfer thereof, whether by operaticn of law or o3herwise. � � . �:� .t�
<br /> � 18. Suecqsat TrustN. Baneticlery may irom tlme to time substitute e sueeessor or succossors to any Trustee ,
<br />,_�� ;�, neme0 herein or acting hereundet to exacute thia Trust Oeed. Upon sttcte appolntment end without conveyance to � ' � `'
<br /> • �• . � the snctesso►Trustea,the latter shall he vested with a11 titte,powers and duties conferred upon any Trustee herein � ,
<br /> , , ,,
<br />'„ . �••' ' ' narr�e�or ecting Rereunder. Each such appointment or substitution shafl be made by w�itt�en instrument by Beneficisry, • ' � r
<br />� ` _ :.,`_.•�,__ conialninD�eferonce to this tlesd oi T�ust snd i4s ptace ot record,whfich when reaorded in the offlce of the Re stor.
<br /> __ � '- � ----'_.._._ .".." ��:_.
<br /> ��i •� � � ' of Dasds p0 the caunty or counties in which said prope�ty is situeted.shall be conciusive proof ot proper eppointment � r
<br /> �' � ' � , of tha succossor Trustae. The 9oregning pov�er of subsNiutian artd tha proced�are therefore shali rtot 6s exclusive of j � . ' ' �
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<br />° ` ' � ' 9190 408-3 � . . � ''
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