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<br /> __ erry lown ln�m�mcnl�cxc�ued by'1'nictc�ra. __ ,-.
<br /> 4. If n�l or eny�x+n ot'�ho prc►prrty ur eny intcierl �►t'7'n�aror� is sold, In+n!s(crrod or furlher cncumbcrod wittrout tha written
<br /> ' catuent af Iho I�e�xfic:iary,tl►a Ilc�xticiary a��ay Qcclao�a all sums sc�cucal by this 7i n�st Qucd ta bc in3meQiateiy duc�end payable aud
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<br /> pra�eett to lhc rtmodle�wvnilut�le to it i�r,d;�r th�ckfauU provi�ion9 com»lnod harcin.
<br /> �"v�"� �J. An;af 1hC fU1�J!�1!?�^,�L�tc!ta eh�l�kr���r.wyl�,�c�c��t of c!c!'�iu!t hcrctin�lcr�
<br /> •. Tnutors shal!tu►vc failcd t�makc paymcnt af any instalimcnt oP pdncipal ar interest or nrr�oii�er sums socurod herebq whcn
<br /> d��c;
<br /> L.�ri b. Thero has occurrcd n htcach of or dcfault undet any tsrm, cavenunt, agreement, conditEon, proyision, rc�presentation or
<br /> �varrnnty containcd in tttis Dccd of Tn:st,thc notc ar any othcr la�n insecumcnt scc�ued hcreby;
<br /> - -__-= c. There l�as becn n default by tl�e Tmstors in die p.�ymcflt of nny prior or st�sequent lien or cncumbrancc in respect to all or sury
<br /> -�!°`-"'°-•�`� �a�t of thc pra�.,^rty; �--
<br /> -= d. Trustors shaU filc n voluntary pctiliun in bankruptcy or siu�U be adjudicatcd battkr�ipt or insolvcnt, or shall malcc an
<br /> __ -----R�� ;tssignmcnt for the benefit of creditors in respect to the property;or 1n acuon to enforce Any lien ar encu�ribr.ince or juQgments
<br />�,,�� against 3he propercy is conunencuf. _
<br /> ------�� 11. In the cvcnt of arry cfcfault,thc Bcneficiary anay declarc all indcbtcdncss securcd hcreby to be duc and payable and tlic sune
<br /> �--�� shall thcrcupon Mxomc duc nnd payable without any presentmcnt,dcmand,protest or noticc af an;•kind. Thereaftcr,tl�c Beneficiary F--
<br /> �y:
<br /> _f',��»-���'� a. eitt�er in person or b� agent, with or ailhout brin��any actiu�i or prur,cxi7iug, or i�y receiver ap�o�ted �y a oaurt and =--"��
<br /> ...L..._.r ���out rc td to ttte ad ua of any security,enter u n and take posscssion of thc ro rty,or stn art thereof, in its own `�-°°°-
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<br /> �t:�'_�`_`.�' � �.-une or in the namc of ihc T[us4ee, and do any acts which it decros nec�s And desirable to preserve tbe v�lue, - --
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<br /> ` �••��•d:ti:..� a......�.:r....�.rc,_ne.n—,b;R�o nf rhw nrnnrrfer nr nart�hereof. or interest Werein,iner�ase the income thereirom or prateci uie -- �
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<br /> T� security hercof and,without taking possession of the property, sue for or othenvise collect the rcnts, ismes and profits ther�o� -
<br />� +,r,;� �!� j inciuding those past duo and ungaid, and apply the same, less wsts and e.�penses of operation and coUection, including ��'+�'`,'�-
<br /> '' ' attomey fees,upon any endebleclnos5 sec�uerl hereby,all in a�uh order as the 8eneficiary may deternune. The entering upon _�_,.
<br />`�'�`� ''""°". ' and takin�possesslon of the tmst esmte,the call�tian of such renu, issues and profits and appli�tion Wereof u�aforesaid �"
<br />' '� ' ��'� shall not cure or�vaive any default or notice of default hereunder or invalidate a►►y act and in res�an�;.to �ch default or ���_--
<br /> • pursuant to such notice of defauit and nonvithstanding the continuancc in possession of the property or the oollection,receipt ��.;_
<br /> �' :';;;r�`��� � and applicauon of rents,issues or profits.Trustec or the 8eneficiary may be entitled to exercise every right provided for in any
<br /> R „'3;<��, -'S: oY'ihe loan instruments or by lativ ugmn occurrence oi any eveni oidefauii,iudu�fi.�g ti�c�abi�i to eiici�isc ihe��r:,:�a�: �'�
<br /> ��,';�'-`!".��'���'� b. oommence an action to foreclose this Deed of Tr�st as a mortgage, appoint a receivcr, or specifically enforoe any of the �:^_--
<br /> • •'�;:;;,?,�t'�.;S�� covcnants hercof, i���.
<br /> ,•' �. '{'�'+��,� c. deliver to Trustee a �vritten declaration of default and demartd for sale, and�vritten nouce of default and election to cause r���-
<br /> '• '���::`t'f '�� Tnutors'interest in the praperty to be sold.�vhich notice Tnestee shall cause to be duly filed for record in the official records `�'�'�
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<br /> , ;' '• � r of ihe wunry in�vhich thc property is located. '`
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<br />=��t`�!1L��: •° i�.. 12. Should the Beneficiary elect to foreclose by exercise of the po�ser of sale herein wntaine.�l.the Beneficiary shall not�ify Trustee
<br /> •�~� � •-� ~r_•.� and shall deposit with Trustee this Deed of Trust and the note and such rexipts ai►d evidenee of e�cpenditures made and securod ".
<br /> "�•`` '�� ''�"°' '� hereby as Tnistce may roquice,and upon roquest of the Beneficiary, the Tcustee sl��tll cause to bc rc:corded,published and delivercd
<br /> .-�.,,.,.
<br /> � � '� •�^��. to Tnutor such Notice ogDefault and Notice of Sale as tiien required by law and by this Decd af Trust.T�ustee shaA without demand
<br /> .•�'� on Tnutor,aft�er svch timc as may thcn be required by law and after rec�rdation of such Notice of DcfaWt asnd after Noticc of Salc t
<br />:;��:�.:: .� �� haWng bc:cn givcn as rcc{uiued by law, scll the prop�:rty at the time and Place of sale fisal by it in such Noticc of Sala either as a •
<br /> •` •_ :�f<� whole, or in separste lots or parccls or items as Tnistee shall deem cxpedient, and in such order as it may deternune, at public
<br />"��'''"""'r`1�1[;, auction to tho hi�est bidder for cash and shall deliver to such purchaser or purchasers thereof a deed to the property sald,consistent
<br /> . . ••'..;�r� _ wiW thc la�v then in e8ect. Etecitals in the Tnutee's decd shail be prima facie evidence of the truth of the statements made therein.
<br /> � � Trustee shall apply the proceeds of the sale in the following order:(a)to all reasonable costs and expenses of the sale,i«cluding but ,.
<br /> �- ,,�' not liauted to Tcustee's fees of not more than 2%of the gross sale price,n;asanable attorne}�fces and costs of title evidence;(b)to all
<br /> sums secttrcd by tlus Deed of Trust: and (c) the excess, if any, to tlu person or p�rsons legally enutled thereto. Any person.
<br /> � ". 4� ,. including tlie Beneficiary, may purchase said propem�at said sale. Tcustee may in the manner provided by law.postpone sale of all
<br /> .. ��• � or any portion of the property.
<br /> . , 13. Tcustee and thc Hencficiary, and cach of thcm.shap bc cntitled to enforcc paymcnt and performance of any indebta�incss or
<br /> - �;:,; „ obligauon secured hereby and to exercise all rights and po�cers imder this Deed of Trusl or under any loan instrument or other
<br />� . , ., , ' . agreement or any la�tis nor on c�reatter enforced nonvithstanding same or all of the indebtcdness and obligations secuced hereby
<br /> , � , which may no�v or hereafter be othenvisc sccured. whether by mortgnge. decd of tru�t, plcdgc, licn, assignment or othenvise.
<br /> .., , Neither the acceptance of tlus Deed of Trust nor its enforcement.�vhether by court action or pwsuant to the po«�cr of sale or other
<br /> �'��`� � po«ers herein contained.sl�aU prejudice or in any manner affeet Trustx's or the Heneficiary's right to reali�e upon or c:nforce any ,
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<br /> ,. , other secwity now or here�er held by 7'rustee or the Beneficiary. it being agrecd that Tnistee and the Beneficiary. and cach of i
<br /> � � Wem,shall be enUtled to enforee this Deed of Tnist and any othcr secunty no��•or hereaRer held by the Beneficiary or Tn�stce in
<br /> suclt order.and manner as they may in their absolute discretion determine. No remedy hercin conferred upon or reserved to Tcustee �
<br /> ° � or Bencficiary is intended to be exclusi��e of any odier rcmedy herein or by la�v provida!or permitted,but each shall bc cumulativc �
<br /> ' and shall bc in addition to every other��cmody given hcrcander or no�v or�►ereaftcr existing at la�v ur equity or by statute. Every !
<br /> ' ' po«�cr or rcmcdy�ivcn by any of tl�e loan iustruments to Trustec or thc Bcncficiary or to which ciQier of them may bc othenvise
<br /> - � entitlod nli�y bc exerciscd, conc�uncndy or independently,from timc ro t�mc and as oftcn as may be dcemed expedicnt by Trustec or i
<br /> _��i�•___.__ r�„,s�;,,�, and e;t�,er of dicra mav nucsue inconsistent remedies. Nothing herein shall be construed as prohibiting the Beneficiary �
<br /> � from seeking a deficicnry judgment against Tcustors to the extent such action is permitted by lmv. (��
<br /> � 14. Trustors hercby ecqucst a copy of any noticc of defauit and that any notice of sale hereunder bc mailed to Tn�stors at the
<br /> . „ addcess sct forth in thc first paragraph of tius Deed of Trust.
<br /> .. 15. Tlic Beneficiary may,by a�vritten instnunent e�ecutcxi and asknowledgcd by Beneficiary,mailcd to Tmsiors and recordod in �
<br /> tlic County in which die property is locatal and by othcrnisc complying wtith thc provisions of thc��pplicablc la�+•of Yhc Statc of
<br /> Nebraska,substitute a successor to tlie Trustce named herein or acting hercunder.
<br /> 1G. This Daxi of Trust applies to and inures to the beneGt of and binds�11 parties hercto. thcir heirs.personal representativcs.
<br /> . , succcssors and assigns. Thc term"Bencficiary"shali mcatt thc o��•ner and hol�cr of thc nate.�vhethcr or not named as Beneficiar}• �
<br /> - hercin.
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