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<br /> .. , . . (the"Ptoceads)a�e hereBy assigned to Benefia8r�a�.t1'�tag`�os agirees to ese�.-ute euc}�fnr6her assignnaent�of tlie Ftaoceede � . �:�`��,�-:_
<br /> � , . as Beneficiary and Truawr agre�s t,o esecute susls ftxrther es�ents of ttue Prnpeeds as Beneficiary or Trustes may ��.. s_
<br /> ' � require. . . . � e�-. —
<br /> . 6. FLITURE ADVANCE3.Upon request of Tr�stor.Beneficiary.at$eneficiary's option,prior to re�nveysnce of Lhe � __ __
<br /> � . Pmperty W'Mistor way make futu�e advanoes to Truatar. 3nch fi�ture addances,wiLh interest therean,sha11 be secured . . �--- -
<br /> , „ bp this Deed of Truat tivhen evidence�by P:Rmiasorq notes statin�that esid notes ar�eecured hereby. ' -- �"_
<br /> . . • ?. APPOII�37�NT OP SUCCESSOR TIiUS'�'EE. Heneficiary may,f r om time w t i me.by a w r t t t e n ina t r u tt}e nt �__ir�,:=�---�..�—
<br /> ` . • , ' eaecuted and ecknawIedged by Beneftciasy.msiled W Truator and Recorded ia the County in whicb the Tr�sE Eatate is � �;�;;��---�
<br /> a tu_�-��
<br /> , � � . tocated and byothanvise complying arith the provisians ofthe applicable law of the State of Ne6tar+ka sabstitute a s}�o¢essor �__��._� _
<br /> � •' , or successora to the Truatee named herein or acting l�ereundea ` l��-�._�,o,_
<br /> � 8. SIICCES30RS ANI)ASSIGN3. This Deed of Trust applies fio.inures to the benefit of aad binds all partie9 her�to, ,�.-..__��
<br /> .. -- - �t't '.._� le tees devicees, ersonal representatives,euccessora and assigna. 'IR�e term"Eeneficiary'sltall mean the �:`°'_'.:-.-�=�—�
<br /> -� -- ..'..,_-' their heus, B� p . • � •� ' -
<br /> ocener and holder of the Note,whether or not named es Beneficiar9 herein- .�3�;, -
<br /> -- -- - -- 9. INSPEC�ION. Beneficiary or its agent msy make�resso�ble entries apon sad inspecE�ons of the Progesty: ° -----
<br /> ` BeaeSciary sball give Trustor notice nt the time of ar pzinr to aa inspeetian specifying reasonabte cause far the inspection, �-- -
<br /> � 10. TRU3��TI:NO'r A:ELEASEB;FURBEARAPTC�'BY�ENEFICIARX N�T A WATVER E�ension oFthe time for �,� -^-
<br />_ , = ... _ _ pgyrment or modification of amortization of the sums secured by this 8ecurity Instr�ment granted bq Beaeficiary to any `g�,--.�3�_-
<br /> ` ,� surxe.ysor in interest of Tn:stor ahall nnt operate to release the liability of the o*iginal Trn.stor or Trustor a euccessors in ' �
<br /> -� �._ interest Beneficiary shall not 6e required W cammence praceedings against anp successoz in interest or refuse to eatend
<br /> � • ' time for payment or otherwise madify amortization of the sums secur�ed bY this 8ecuritY Instniment by reason of any
<br /> ' � . mand made b t6e ori ' al Tru.gtor or�ustoi s successors in interest.Any forbearance 6y Beneficiary ia eaercisiAg any�
<br /> de
<br /> . �
<br /> .. . y
<br /> . . • - rigltt ot remedy'shall not 6e a waiver of or preclude the eaercise of any right or remedy.
<br /> . 11:TRANSFEROFTHE PROPERTYORABENEFtCIALIIJTERE3TINTRUSTOR. IfalloranypartoftheProperiy .Y,t-�
<br /> �:
<br /> . .._ . or any iaterest in it is sold or transferred(or if a beneScial interest in Tnistor is sold or transferred and Tra.qtor is not a _�
<br /> ' natural person)without Beneficiary's prior written consent,Beneficiary may,at its option,reqnire immediate payment � �''�.+• __
<br /> � in full of alt snms secured by this Security Instcument,however,this option shall not be exercised by Benefieiary ifeaereise -
<br /> � is prolubited by fed�sal law as of the date of this Securlty InsLrumen�If Beneficiary esercises this aption,Beneficiary sb,all
<br /> . . . � . ' give Trustor nntiae of acceleration The notice shaU pmvide a period of noL less than 30 da�►s from the date the notice is �___
<br /> . . L - detivered or mailed within which the Trustor muat pay aIl sums secured by this Security Instrumeat. If Trustar fails to +"_-----
<br /> ' ` • pay these sums pdor to the expiration of this period,Beneficiary may inwhe anq remediss permitted by this Secarity _--___— _
<br /> .•. , �..� ..-..:. �.� . . � - -- -
<br /> _ ;_.•}._ .: ____._ ,.._ _._IAstiument w'rthout further notice oz demand on Trustor. _____
<br /> ----,-�--�.__.. . .. ` -
<br /> . 12. EVENTS OF DEFAUI.T: Anq o�`�3ieTo1lowuig ev"eate a�h�il�tre deemed arr�event-of default hereunder.-�-�-�----- ---�-- ; =
<br /> • � � ' ' a TrusWr shall have failed to malte payment of eny installment of intereat,principel,or principal end inteseat __
<br /> �' or any other sum secured here6y when due;or ����
<br /> ' b. There 6ae occurred a breach of or default under any term,coeenant,agreament,condition,provision,repre- - -
<br /> . :x-_.r.�
<br /> • , - • sentation or warranty contained i»any of the Laan In.4tn�raeats. �- .
<br /> -- --=�.,�, �- . - - 13.-ACCEL-ERATION;RE111EDIlE3. BeneSciary shall give notice of default to TresLor.prior to acceleration following _ . • ,
<br /> "' Trustor s breach of any coveuant or agi�eement�n this Tivst Deed. The notice ahall s�ecify:(al the default; (b)the action ..'�I .
<br /> � : ;;,, sequired to cure the default; fci a date,not less than 3U days from�the date the notsoe is given W Trustor,by which the `: �
<br /> m
<br /> "':' default must 6e wred;and(d)that failute Cfl cure the defauIt on or befare the date speeified in t1ig aatiee may result in � �
<br /> � � " acceleration of the s�ma secured by this Security Instrument and sale of the Property. The notioe shaU further inform .�°,,;�.
<br /> �� � TrasWr of the right to reinstate aRer acceleratiott and the right W bring a court action to�assert the non�ffistence of a ,
<br /> • � deW.lt or any other defense oiTruaWr to acceleration and sale. If the default is not cnred on or before the date s�cified ..
<br /> • in the notice,Beneficiary at its option may require immediate payment in full of alI aums secured by this Security A •
<br /> • � � Instrument without further demand and may invoke the power of 4�1e and any other r2mediea permitted by applicable law. • �,'"" ,•�� �i'F
<br /> Trastor shail be entitled to coltect all expenses incurred in pursuing the remediea protizded in this paragrap1213,incIuding, .
<br /> ' ' ' reasonable attorne 's fees and wata of title evidence. If power of sale is invoked, Trustee ahall record '.,,:�.; M�
<br /> . . . ,_.::� __. butnothnn�tedto, Y _ __
<br /> � a notice of default in each county in which any part of the Praperty is located and shall mail copies of euch notice in the .�E • �
<br />- � . • manner prescribed by applicab!e law to Trnator and to the other persons preseribed by applicable law. After tlle time .�:� .���
<br /> ' required 6y applicab2e law, �rustee ahall give public notice of eale to the persons and in the manner prescribed by ,;"�", . . . � .
<br /> applicable law. Teustee,without t�emand on Truator,shall seA the Property at public auction to the highest bidder at the �• ;; . . .
<br /> � � " � time and place and under the terms designated in the noLice af sale in one or more parcels and in any order Trustee :,��� .. .. •.`.
<br /> • • • detetmines• Trustee may postpone sale of all or any parcel of the Property by public announcement at the time and place . � k�
<br /> • � ' of any previously scheduled sale. Beneficiary or its designee may purchase the Property at any eale. Upon receipt of • j,�=,,�'•. _—�-
<br /> � �, payment of the price bid,Trustee shaU deGver to the purchaser Trustee a deed canveying the Praperty. The recitala in the :,�� �-�=
<br /> � . TrnsLee s deed shall be priuna€aee evidence of the tmth of the slatements made therein. Trustee aha11 apply the�roceeds • . ,.. '�;
<br /> '' . of the sale iu the following order: (a)to all expenses of the eale,including,but not li�aited to,Trustee a fees as permitted � � - __
<br /> ': � �� , , by applicable law und reasonable attorney's feea: (b)to aD suma aeeured by this Sacurity Inatrument;and fc)any excess
<br />- � ' to the person or pe�ons legally entitled to it. -. . , �
<br /> '' � � 14. BENEFICIARY IN POSSES$ION. Upon acceleration under paragraph 13 or abandon�sent of the Property, . � ;•. !
<br />,� � . ' . . . Benef c�ary lin person,by agent oi by judicially appointed receiver)ahall be entitled to enter upon,take possession ot And �' � =r,r��
<br />- ' , manage t�e Praperty and to col'.ect the,rents of the Property including those past due. any rents collected by Beneficiary � �^
<br />- �• or the receiver ehall be applied first to payment of the coats of management of the Property and collection of renta, ��`' r;�:•r��
<br />.•�'� • . � iacluding,but not limited to,receiver a fees,premiums on receiver a bonda and reasonable attomey's feea.and then W the � �� '
<br /> � . • . sams secured by this Security Instrurr.e�-*_ ' ''�.;
<br /> i '. � ib. REMEDIES NOT EXCLUSIVE. Trustee and Beneficiary.�nd each of them,shall be entitled to enforce payment • ��:
<br /> and performunce of any indebtedneas or obligations secured hereby and to exercise all rights and powera under this Deed '"' �•••
<br />- ' ' � of Trust or under any Loan Inetrument or other agreement or any lawa nuw or hereaft,er in force,notwithstanding some '� ��`�
<br /> ' - �� • or:]l of the such indebtednesa and obligations secured hereby may now or hereafter be otherwise secured,whether by �j;-
<br /> � ;`t. • ',��,�� • � mortgage.deed of trust,pledge,lien,asaigament or othenvise. Neither the aceeptance of thia Deed of Truat nor its en• • . : �:
<br /> '� ' ' forcement whether by court action or pureuant to the power of sale or other powers herein contained,ahall prejudice or � � � $�:
<br /> � � :� . -• in any manner affect Truatee e or Beneficiary'a right to realize upon or enforce any other aecurity now or hereafter l�eld �
<br /> . � F ��' � � • by Truatee or 8enef ciary,it being agreed thaE Trustee and Heneficiary,and each of them,ahali be entitled to enforce this � �..,�,
<br /> ,}� . • . DeeB of Truet and any other security now or hereafter held by Beneficiary or Trustee in such order and manner as they *
<br />-° or either of them may in their absolute discretion determine. No remedy herein conferred upon or reserved to Truatee or {I
<br /> .��. . Beneficis;ry ia intended to be eaclusive of any other remedy herein or by law provided or permitted,but each shaA be I �.,.r•.t['
<br /> cumulative and ahall be in addition to every other remedy given hereunder or now or hereafter e�risting at lnw or in equity ! . Y� �
<br /> � � . or by statute. Every power or remedy given by any of the F.oan Instraments to Truatee or Benef ciary or to which either � • •.����
<br /> . ' of them may be otherartse entitled,may be exercised.cancurrently or inde�endently,from time to time and as often as may . �'' �
<br /> - . • be deemed expedient by Truetee or Beneficiary aad either ofthem may pursue inconsistent remedies. Nothing herein shall t �°,�+
<br />--'=��r����� • • � be construed as prohibiting Heneficiary from seeking a deficiency judgment against_the Tkustor to the estent such action � �
<br /> :_ � � - is permitted by luw. - • ��
<br /> :Y, 16. GOVERIJING LAW. This Deed of Trust ehall be governed by the laws of the State of Nebraska. In the event that I , , _.!.�
<br /> ' � �� � � � . •eny provision or clnuse of any of the Loan Inatr�smenta conflicts with applicable lawa,such wnflicts shall not affect other
<br /> � . '. � provisiona of such Laan lnstrnmeata wMch can be given effect without the conflicting provision, and to this end the � . � .. _ 4
<br /> •- - � provisions af the Loan lnstruments are decl8red to be severable.Thia instnunent cannot be waived,changed.discharged �� _ .+
<br /> . ' or termimuted orally.but only by an instrument in writing sip►ed by the party against whom enforcement of any�vaiver. �
<br />-= • . .. . chenge,discharge or termination ia sought. . � . . �
<br /> 7.IiECONVEYANCE. Upor►payment of all suma secured by thia Security Instrument,Bene�iaary shall request f
<br /> ' : • , �tee to reconvey the Property and shall aurrender this$ecurity Inatrument and ull notes evidencing debt secured by � �
<br /> . . , this Security Instrument to Trustee.Trustee ehF►ll reconvey the Property without warranty and without charge to the Ef ' 'f
<br /> �'� .�- • -� •-- persoa or persc+ns IA�►11y pntitled to it.Such person os persans shall pav anY recordntion coyts.
<br /> � 18. REQUEST FOR NOTICES.Trustor requesta that wpies of the notices of default and eale be sent to Truators ` � � ���-�i
<br /> ��.�_r:.
<br /> . • . nddress which is the Property Addmss.Truator further requests that copies of the notices of default ond sale be sent to � � .. :�
<br /> • . euch person who is a party hereto at the address of such person set forth herein.
<br /> .� �� .�
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