|
.r•�. ,-.ss>r�nA.�.+,...•, _ .. . ___
<br /> ;
<br /> ma.r.n�a. y����f�i{blPi%oc, ... � t. — - ...:..
<br /> _ —_ '7�St���,.,,.q �'' . .��� .... . . __ _`. .. . ... —. _ . °
<br /> � cJLj`= T �,4�t����*��',� �-.- .
<br /> 1.,., .•.
<br /> �b) Cc�mmonce an aaCion to �oreclo�e th�ie fieed �f Truwe an a mo�tc�a�te.
<br /> appoint a xeceivosc, or r�g�ecifically en£orce eny oP Che aove�ente hsreoA t _
<br /> �r,1 Daliver to 'Cruetae a Written deciaretion of detaul� anQ deatwn.d !or
<br /> eale, auA s s:�it�e;� no�ic:3 oi doPcault aac�c3ect�r•� t� erauee �zver.ozp'e i�iterest �
<br /> in ttae Tsuet �ot�ste to be erald, r+hich r�otice Truetee �hail causa to be ciuly ftilad
<br /> for racard in tho agprop�ia►te Official Recaxde of the+ County 3n Wk�ich tlad Trust
<br /> Setd�e ie locaC@d.
<br /> 11. �FSCL08URS $X T>OWEF� 0�S�,, Should Benefiaiery elect to forefalosa
<br /> by� exeraise oE the PnWer of Shce here�ln c�ntainnd, Beneficiary ehall noLi�y
<br /> �xuatee nrad ehall depoe�t with Truc�tee thie Deed vt Truet and the Note aaid euch f
<br /> receipte and evidence of expendituroe made and secured hetek�y ae Tru�te�e may
<br /> require.
<br /> (a) Upoa reCelpt of euch notice from Beneficiary, '�ruetee ehall cause to =_
<br /> be recordad, publiehed and delivexed to '�'ru�ture �uch Noticd of DeEa.ult and
<br /> Notica af Sale ae then required by laM end by thig Deed of Truot. Truetee ehall,
<br /> without c�emarid an Truntors, aEter ouch time d8 ItLQj► t$@ll be rec�uired by lnv aad
<br /> nftex Y�cordation o� euch N�t.�.ca of Default and a�ter Notice of 9a1e having been
<br /> given ae required by law, aell the Trust Setate at the time and place of eale
<br /> Eixed by it in such Notice of 9ele, either aa a ahole, or in eegarate lote or
<br /> parcalE or item� as T�ustee Ahali dec3m ea�edient, and in euch order ae it may `,_ _
<br /> _�a__ ..,, .a,,, t.1..t�aeo� t+�AAer f�r ��wh. in lavful moAeY oE
<br /> aetezmina, ai.. Nu'a'+iia, d'1..�+v,. .,.. . .. .��.---- ---�--- --- --
<br /> tha United StaCee, payabie at the��ime of eale. Truatee shall daliver to such
<br /> �•urchaser or purcheaere thexeof, ite good and suEf:lcient de�d or deede, canveying —
<br /> Ck�e Property ao sold, buc wfthout any novenant os xarranty, expreee or i:nplied.
<br /> The xecitale in euch doed of amy maL•terA or £acte shall be conclueive �roof of
<br /> �h� truthful!nsee therenF. any pereon, includinq, without limitation, Trustore,
<br /> Trustee, and Senoffciasy, may purchaee at euch eale, an8 Trustors horei�y _
<br /> covendnts to ora�rant and defend the title of euch purcY�aser or purchaeese.
<br /> (b� As may bo Permitted by laa, after ded�xctiag a7.1 coeta, £eee, �xpeneae .
<br /> o! Tsuatoe and of thie Trudt, including coeCO oi evid9nce of cicle in GVI�liQV4J•viI
<br /> with gale, Tzuetee �hall apply the proc8ede of eale to payment o£ (i) all sume �
<br /> ex}�crn��d �c�er tY,e Cerme heroof, not then repaid, with accrued intexeet at �;
<br />:- fourteen (14�C) percent per annum, (ii) all other pume then secured hereby, asid �
<br />- (iii) the zentiaindeY, if any, to the person or persons loga33y entitle�ithereto.
<br /> (c) Truetee may, in CD�e mt+unner provide8 by law, poet�one eR2e o� ali or =�_'
<br /> any portion of the Truet Hetate. �%�
<br /> �`,�f,r°
<br /> 12. �DiBS NOT 6xCLVSiV�. Truetse and Beneficio,ry, and eech vf. them, f �,
<br /> ahall be entitled to enforce payment and perPormance of any indebtedneae or �.:y�
<br /> obligestionn aecured hereby and to oxerciee all righta and powere under thie Deed
<br /> of Truet or under any Loan Inetrument or other agreement or any laws now or �"::�
<br /> hereafter ia £orce, notwithetanding same or all of the euch indebtedriess and G.°_
<br />- obligatione secured horeby may now or hereafeer be othorvrise secured, phether by "'''
<br />- mortgage, deed oE truet, pledge, lien, aseignment or otherwise. Neither the `
<br />- acceptance o� thia Daed of Truet nor ite enforcement whether by court action or `�
<br />= pursuant to Cho poxer o£ eale or other poaere herein contained, ehsll prejudice �ti=�•
<br />- or 3n any manner affect Trustee's or Beneficiary'e right to realize upon or E;.r=-
<br />= anEorce any other securiCy now or hereafter held by Truetee or Beneficiary, it
<br />- beirig agreed Chat Truetee arid Benegiciary, and each of them, shall be entitled
<br />- to enforce thie Daed of Truet and any other eecurity now or hereafter held by
<br />- BenePici.axy or Trustee, in such order and ma�er uo they or either of tham m�y
<br /> in thefr absolute diecreti�n detersnine. No remedy harein conferrnsd upon or
<br /> zegerved to Truetee or Bane�iciary ie intendecl to be exclusive af any other
<br /> remedy herein or by law provided or psrmitted, b�at each ehall be cumwlative and
<br /> ehaii bo in additian to every other remedy given hereunder or now or heXeafter
<br />'; exieting at law or in equity or by 3tatute. Svery power or remedy given by any
<br /> oE the Loan Inetrumente to Trueteca or Senefir_iary or to which either ef them may
<br /> bo otherMiae enti�led, may be exercisc�d, concurrently or independently, from time
<br /> - to time, and as often �xe may be deemed expedient by TrueCee or Soneficiary; and
<br />= either of them may puraue inconeietent remediee. Nathing herein ahall be
<br />= conc�tx�uoc� as prahibiting Seneficiary from eeeking a deficiency judgment against
<br />-= the Truetors Co the extent euch action is permitted by law.
<br />= 13. �2BOtIRST FOR NATiCS� Truetore hereby requeet a copy of any r.otice of �
<br /> dofa�ult, and thast any noti�e of sale hereunder ba mailed to it at the addrese set �
<br />- forth in the firet paragraph of thie Daed of Trust.
<br /> ia_ �flvr�rtintd 7�w. Thie Doed of Truet shall be 3overned by th� lav�e of i _
<br />� the 3tate� of Nebraektt. In the event that any provieion or clauso o£ aL-ay of the
<br />= 3,oan InAtxumente conflictd with applicable lawa, such conflicte shull not a£foct I
<br />° other provieione of such Loan instrumente which can be given effect without ehe �
<br /> - con�lic�ing provieione; and to thie end, the previeions of the Loan inetrumeate ;
<br />= are daclared tv be sever�ble. Thie inetrument cannot bo waived, changed, �
<br /> dir�charged, or teYminated orally, but only by an inetrument in writing �igned by �
<br /> � the party againot whom enforcem�nt of any waiver, change, diec2�arge ar �
<br /> � tor:ninution ie sought.
<br /> I
<br /> � �
<br />= I .
<br /> � �.
<br /> � I
<br /> ; I
<br />
|