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<br /> 11. Rtcsf��e�3«:�(.;:�a f'af;t;�fil Cr•:�:5'n•'t+�a7�F>iU. U�on dofoult by Trustor in tha�aymcns of or p�riornanco of tit�tcrjna and conAitions af ;�: -
<br /> si�a ttc�o,ar m}y rcrc;;.;�Is,ranC�i4ico9ic�3�?os:��r�aions 4hc�cof,or tl�a payrnonr of uny of�cr i�ldcb4c9rass scturcd irroby or in tha p�7�oT��zonco : �
<br /> ot ony�f the canvenants ar ogre9sn:ats.hrseu�.M�r, 8an�ficiary may declare all sums secured hereby immedlately due and p�ynble and the snme =
<br /> `°'a�' � . �� . shall there�spon become d��o and pay�"�v�ith�:�r presentme�it, demdnd,protest or notice of any kind,Thereafter,Beneficiury may deliver to �;
<br /> `"'".'"�` ` T�usree a written declaruttnn of defa��l4 a:Ji dt�^fmsf for sute.Trustee shall hava the power of sale of the Property and if Berseficiary decides the „ ;;� —
<br />" -•N'-r-':y�;' Prcperty is to be so{d it�f��ll�feposif with T�usqfe this Oeed aP Trust and ihe Notu or notes and any other dauments evidencirg expenditurss ' -
<br /> `�"���'-=` ` seeured hereby,ond shall dolivor to Tnist�o a anrltt�n notice of default ond election to cause the Property to be sold,and Trustee,fn tum,shall �� �! ' � -
<br /> � , • prepare n simi{nr rw9ice in Siio Euri�i r�tyairtrr.i by�iw�s�iith sl�oll be duly fifed for r�atard by TPUStca. ., --
<br /> `•`�'� ��•-*` �'` fi. (a)Aftef the lopse of sush tima as rr�y b�a rcr�uirad by law following the recordation of Notice af Defoult,and Notice of Detault ontl Notice of r' . iY ..`'�:�:+"
<br /> ��"��"`�• Srile Iwving been given as re�uired by law,TivTtaa, without demand on Troctor, sholl sell the Property in one or mae porcels ar+d in such or�er ��:'• '
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<br /> ''-� -"�`� �--- ` as Trustor may determino an the date�osrJ a4 th�p time and ploce desipnated in said Notice of Sale,at public auction to tho hlghfst bid�er,the pur- . � �
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<br /> ' -�'°i:..���� choso �ce able in cash in lawful mrn��t af fiie Unitcd Stotes ot the time of sale.The erson conductin the sale nw for an cause he or she +
<br /> � .�- . P� RoY Y P 8 Y� Y •
<br /> .. • deems expedient,postpono thu sale from timr so timo until it shall be�ompleted and, in overy such case,notite of postponoment sholl be given p�. *'
<br /> . by publit dQtlur�fion therea4 by such p�e+so�e a4 the tims and pince last appainted for Yhe sals;provided,if the sale is postponed for longar than ' ;:S • -
<br /> � one(1)duy beyond the�ay designatnd In tfFr Notice of Salo,notice therQOf shall be given in the same manner as the original Notice of Sale. ..r: �•r;±'..•r:<-.�' ,.
<br /> �� � Trustee shall oxetute anti daliver to ih3 p:rcr.h:�r►er its Deed conveying the Property so sold,but without any eonvenant or warranry,exRress,or ,�.,� .'� ;'�:,� . �
<br /> •. imPliesi.The recita!s in ttu►Deed of n:ay mrnttF�rs or facts shall bo conclusive proof of the truthfulness thereot. Anp perscn,in�laling without a.��:�'��•� �
<br /> r • limitation Trostea,may purchase at ttie so'a�. =:L'�;��°-'"�'°'""•
<br /> `�,�.•� ._.-:.�_`---- _
<br /> �-=f'�,- .�.;; � • (b►.Wf►en Yrostee sells pursuant tn th9 p��Nrs herein,Trusteo shall apply the proceeds of the sale to payment of the costs and expEr��ses�i __- _� °-
<br /> � exercising the power of calo and of ths�sa'e:,including,without limitation,the payment of 7rustee's kes�ncurred,which Trustee's Fees shall not
<br /> ' . in the aggrepate exceed 9ho followircc,� a.r,n.�nts hasad upon the amaunt secured hereby and remaining unpaid: 5 percentum on the batonce �==°�
<br /> thereofJ and then to tho itr�ms sot fanh in�u`,�paragroph(c)hereof in the order therein stoted. ��'�=r�
<br />�� ...,,_. _._ (c) After pnying tho itAms spncified'an suta�parapraph(b►, if the sate is by Trustee,or the proper court and other costs of forec4nsure ond sale �.�"=:-.
<br /> . �—� .::--
<br /> . if the sale is pursuant t�judicial fornclasu�n,t+'te proceeds of sale shull be appliAd in tha order stated below to the payment of: r-�--- -- --
<br /> , . _,�,� (1� Cost of any dvidonce of titlt p�•ncui•nd in connection with such sale and of ony revenue required to be paidj �"'_
<br /> � • �=' (2) Attorneysfeosr �-Y
<br /> �_. �-.:_� --
<br /> <�`�'� (3) All sums then saeurcd hareby; vw...�__.
<br /> (4) Junior trust deods,mortgQIIcs,os olher lienholders;and �"'"'�
<br /> , ' _?�; (5► The remainder,if ony,to ti�e perc,an or persons logally entitled thereto. _
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<br /> -� (a) It itle tSeneficiary Dt ini5 Ueeti o3 inrtt is o omiic as oeiineo oy rieuroskn iaw,an�Siuie�iieiii cciniained in any oiner�eciion oi?nis oeed — _-
<br /> , , ";:} notwithstanding,the Ovneficicery shull i��t Mr entitled to recaive or take and debtor shall not be obligated to pay or give;any confession oi ju�Cj• "
<br /> ' -�• ment, power of a4tonsoy to confoss judgsmr�t,power of ottarney to�ppear for a borrower in a judicial proceeding or agreement fa pay the costs
<br /> " =,".,; of collection of the atsomoys'fees,un�ess such acts of collection wauld not otherwise be prohibited by Neb�askt�law. Provided,however,that
<br /> . this section does not ap�ly to the TrustE,e tEre referred to in pareyraph 6(b►.Provided further,that this paragrop'h shall not apply to this Deed of
<br /> ' :;.T,:,} Trust, if the Beneficiary is not o bank. �
<br /> . _�;..:;;.., „ 12. Adi'iti�l S�twity Iettn�e�Y1n.Trustor,at its expense,will execute und deliver to the Beneficiary,promptly upon demand,such securi- x,.
<br /> �,;:.:. , ty instruments os may ba required b•�r RQniiiciary,in form and substance satisfactory to Beneficiary,covering any of the Property conveyed by
<br /> . � • � ... this Deed of Trust,w6�ich sacw�ity irtstniar,nts shall be additional security for Trustor's faithful pafrormonce of oll of the terms,covenants and '
<br /> conditions of this D�.Mud of Trust,the pra�rrfssory notms secured hereby,ond any other security instruments execu7�ed in connection with this tran- ' �il
<br /> sation.Such instruments shall bo r�cortt,�d or filed ut Trustor's expense. `�°`- �--
<br /> - ;U.°"�;,_ � `
<br /> ••• �� 13. A�i�te�rt ot Syee�ssor Tnr�t�r�. eeneficiary may, from time to tima, by a written instrument executed and acknowledged by � t��%�
<br /> ' Beneficiary,maile�d to Trusta mtd rocordad in the counry or counties in which the Property is locoted and by oti�erwise complying with the provi- "�``"� - P�=-
<br /> - ���.t•. 1
<br /> ., sions of the appliaable lows of th3 Stc�rE�of Nebraska,substituto a suctessor or successors ta the Trustee named herein or acting hereunder, w„ ,�-
<br /> �` � � 14. M: ti�Rr•.Bannficia oe its t�►ts, representntives or workmen,are authorized to enter at an reasonable time u n or in on rt �'M��'�.'
<br /> . � Y::r; � ry, g3" Y Po Y P� .��,�L;�z°�' . ``s.t
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<br /> , of the Property far tho pu►iwse uf ins�+tcting the same and for the purpose of Rerforming ony of the acts it is authroized to perfom�under th� •�� •.�,;;r ' ���.,ti
<br /> � � terms of the Dee�J of 7rust. ';�` `•�}^��•'`
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<br /> 15. OpiM te Pareclos�.Upo�i tt�t occurronce of any default hereunder, Beneficiary shall havP�he option to foretlose this Daed of Trust in � , • �'-
<br /> the manner prov�ed by Inw for the 6cu•e�closure of mortgages on reol proporty. • S �
<br /> .'��.i�Y.
<br /> -` � 16. Fa�M�rtmam b�i�fi�ti�vy No4�W«r�r. Any forebearonce by Deneficiary in exercising ony right or r�medy hereunder,or otherwise � ����;�.
<br /> • affaded by opp'icable law,shull n�7 be a woiver of or preclude tho exercise of any such right or resnedy. likewise,the woiver by Beneficiory�f ��'�'-
<br /> ' any default ot Fr�ustor under thi�Deed of?rust shall not ba deemed to be a waiver of any other or similar defaults subsequently uccurrinc�. ;
<br /> - - 17. Trotta Not Rd��d. E�ceensiai of the time for paymens or modificotion or amortization of the sums setured by this Deed of Trust
<br /> g►ar�od by Berenficiary to any succossor in interest of Trus:or shall not operate to release, in any manner,the liobility of the original Trastor and �
<br /> +� Trustor's successar in interost. Qrneficiary shall not bo required to commence proceedings against such suceessor or refuse to extend time for I
<br /> .� payment or otherwisfl modify amurtizotion of the sums secured by this Deed of Trust by reason of nny demand mede by the original Trustor ond
<br /> :;�' Trustor's successor in interest. �
<br /> . 18. tewe'Htiary'�tew��i.Withen�offecting the liability of the Trustor or ony other person lioble for the payment of any obligation herein i ,
<br /> . . �. . mentinned, an�i without uHecting the lien or charge of this Deed of Trost upon any portion of the Property not then or theretofore released as
<br /> ' •� •ti- .., .�i;: seturity for tbe full amoun4 of all unpaid ohligotions,Benoficiary may,from time to time and without notice, (il relense any person so liable,(ii) !
<br /> �,::•;;�;'.: extend the mcrturity or a1Ler any of the terms of any such obligations, (iii) grant other indulgences, (iv)re!eos�e or reconvey, or cause to tra �
<br /> � � ' releusctd or reeonveye�at any time ut Beneficiary's options any parcel,portion or all of the Property,(v)take or r�leose nny other or additional �
<br /> _ ' " :�.���`; s�eturi4y for any+obligotion herain mentialed,or(vi)maka tAmpositions ar othar arranguments with debtars iro relation thereto. I
<br /> � 19. kttrn Aivw�cea. Upon roquest of Tru�tor, Trustee nt Trustee's option, prior to reconveyance of iQse Property to Trustor, may make �I
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<br />- - � „ �� notes stotirtp that said nuies��a sccurad h�raby;provided that at no time shall the secu�ed principal, future odvances,not including sums ad•
<br /> _ -" "'`� vanced to protoct tha soeurity,excaQd o��aggregate principal amaunt of S � .
<br />. ---- • � :�. ��.a�.�e�i�ee.u,;vn,rrir,en req�est of Deneficiary stating that all sums secured hereby have been paid,ono upon�w�enua�
<br /> of this Deed oi'frust and tlw Note to Trustee for cancellotion ond retention and upon poyment by Trustor of Trustee's feQS, 7rustee shall
<br /> - raconvoy ta Trustor,or tlw person or persons legally entitled ihereto,without warcanty, any portian of the Property then held hereunder.Th�a
<br /> - racitals in such�acanveyanco of dny matters or fa�ts sholl be conclusive proofi of the truthfulness ihereof.The grantee in any reconveyunce moy
<br />-� bu described as"tho pnrson or porsmis legally entitled thereto". __
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