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<br /> " t. �M� ���j R�st S�{�. Upon default by Trustor in the payment of or performance of the terms and conAitions of
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<br /> � fhe Note,or any�enewcls,modificctions ar extensions therQOf,or tho paymont of any uii�e�����o��Q���s•�.•.,..,..••..�' -�-� ��
<br /> of any of the convenants ar opreements hereu�der,Beneflciary moy dedare aii sums secured hoteby immediafely duo and poycbie and the smrr�e ,
<br /> sha11 thareupan become duo end poyuble without presentment,demond,protest or notice of any kind.Thereafter,Berroflclary moy deliver to
<br /> Trostee a written declumtlon of default ard demand for sele.Trustee shall hove the power of sale of the Property and if Beneflclary dectdes the
<br /> �� Property is to be sold it sholl deposit with Trustee this Desd of Trust and the Note or notes and any other dauments eviderocing expenditures
<br /> secured hereby,aM shail deliver to Trustee o written notice of dofeult end election to couse the Proyerty to be sold,and Trustea,in turn,shah
<br /> •� �• prepare o similar notice in thA facm roWired by taw whlcb shalt be duiy f;ted fa record by Trastee.
<br /> (o)Aftor the tapse of sueh time as may be required by low foilowing the�ecordation of Notice of Oefault,and Notite of Default and Notice of
<br /> � _ �.� ,� Snle laving been given as required by law,Trustee,without demand on Trustor,shall seli the Prop�rtr in one or more pnrcels and in such order
<br /> � � �� as Trustar may detetmine on the date and ot the time ond ploce designated in said Notite cf Sale,at pubiic auction to the highest bidder,the pur•
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<br /> `�" " ehose price poyebie in cash in lawtul money of the United States at the time of sole.The parson conducting the sole may,for any cause he or she
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<br /> deems expedisnt,postpoae the sate from tima to time ur»ii it eholl be compteted and.tn every auch case,notice of postponement sholl be given
<br /> by pubiic declaration thereof by such person at the tlme and piace iast oppointed for the sote:providad,if the sale is postponed for longer than
<br /> . one(i) day beyond the day designated in the Notiee of Sale, notice thereof shall be given in the same manner a�ths original Notice of Sate.
<br /> Trustea shaii execute and deliver to the purchoser its Deed conveying the Property so sold,but without an�tonvenant or waRanty,express,or
<br /> , . implied.The recitals in the Deed of any matters o�facts shall be conclusive proof of the truthfulness thereof.Any persan,inclading without
<br /> � � limit�tlon Trustee,may purchase at the snle.
<br /> (b).When Trostee selis pursuant to the powers herein,Trustee sholi opply the proceeds of the sale to pnyment of the costs and expenses of
<br /> •• � exadsirtg the porrer of sale and of the sale,includirtg,without limitation,the poymer�t of Trustee's Fees incuRed,wfiich Trostee's Fees shall not
<br /> " in the oggregate exceed the fotlowing amouMs based upon the amount secured hereby and remaining unpaids 5 percer�tum on tire batance
<br /> " ther¢of r and then to the items set forth in subporagraph tc)hereof in the order therein stoted.
<br /> . ° � , � (c)After paying the items specified in subpuragraph(b),if the sale is by Trustee,or the proper�ourt ond otht.r costs of foretlosure and sale _ .
<br /> , �� „ if the sale is pursuarit to iudiciol faeclosure,the proceeds of sale shall be applied in the order stated below to the paymeM of: ,
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<br /> '� � • (1) Cost of amr evidence of title procured in connection with such sa�e en�of any revenue required to be poid: ',
<br /> ��,:P1 (2) Attomeysfeosj �
<br /> „ ., .�' � i3) All sums then secured hereby: ` ' .
<br /> (4) Junier trust deads,mo►tgages,or other lieaholders:and � .
<br /> (S) The remainder,if any,to the person or persons legaliy entitled thereto. `;;�` ,
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<br /> ' . (d) If the Beneflciary of this Qeed of Trust is o bank as deflned by Nebrasko law,any statemem comoin8a in any�itmr satt+an at this tlett! „w:�:
<br /> „ '� notwithstanding,the Beneficiary s4all rtot be entitlad to receive or take and debtor shall�ot ba obiigated to pay or give:any cor�fession of judg- ,��r�.
<br /> .� , meM,power of ettomey to canfess judgmeM,power of attorney to appear for a bonawer in a judiciel proteading or ugreement ro pay the costs �.;�'�;,,.•
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<br /> ' of wilection of the ottomeys'fees,unless such acts of collection wouid not otherwise be prohibited by Nebraska imir.Provided,however,tlat , .
<br /> '�',��:�; this section does�ot opply to the Trustee fee referred to in paragroph b(b1.Pv�vided further,thut this parngraph shall not cppty to this Oesd of �,�;-
<br /> • Trust. if the Bene4idary is not o bank. ry
<br /> �� - �q, ����I�at�s�tt.Trostor,at its expense,will execu9v and deliver to the Beneficiory,promptly uFon demand,such secui• ��{�
<br /> ty i�tromeMs os rt�ay be required by Benefitiary,in form cnd substance satisfactory to Beneficiary,cavering any of the Property conveyed by �,•
<br /> � " � � � this Deed of Trust,which seeurHy instrumeMs sholl be additionel securiry for Trustor's faithful performance of oll of the terms,tovenarits and ��'.
<br /> �� "%'������ eorditions of this Deed of Trust,the promissory nates secured hereby,and any other security instrumsMs exetuted in tonnection with this tron- �'�;-
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<br /> .� ,�;i;S sactbn.Such instn�meMs shali be recorded or filed at Trostor's expense. ��,.`
<br /> �,G..` ' � :i: : �3. Ap�intws�o}3�p�r Tnsta. Beneficiory may, from time tc time, by e written instrument executed and ocknowledged by �;._„
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<br /> •'�; • ''`� Beneficiary,mailed to Trustor and recorded in the eounty or countiss in which the Property is locoted and by otherwise compiying with the prori- ��;.sy;__
<br /> �V � � ' �•"-""� " stons of the applfceble laws of tha Stete of Nebroska,substitute a successor or succossors to thQ X�usfee tamed herein or acting hereunder. R'�?��
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<br /> • �` 14. I�s�etk�a.Beneficiary,or its ageMs,represeMotives or workmen,are outhflti:ed to edter at any reasonoble time upon or in any part ��L;,_
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<br /> • of the Properry for the purpose of im�xtinp the same and far the purpose of performing anr of'the aets it is authroi:ed ta perforrte under the "'�"_
<br /> " � terms of the Deed of Trost. � �`"'�-�
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<br /> iS. pptio�to knebn.Upon the occurcence of any default hereunder,8eneficiary shatl have the option to foreclose this Dead of Trost in �;
<br /> _ � ° �' � : the maru�er provided by luw for the forecloswe of moMgages on real property.
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<br />_ - • __ �� �6. Ey�;���y�1�ot Q w�i��r.Any forebearence by 8eneficiary in exercising any rigM or remedy hereunder,or otherwise �__.:
<br /> by
<br /> - � � �� � offordad by applicable low,sholt not be a waiver of or preclude the exercise of cny such rigbt ur remedy.likewise,the waiver by Beneficiory of t:..t':_
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<br /> ��;. �� ' any default of trostor under this Deed of Trust shall not be deemed to be a waiver of any other or simNar defaults subsequently acuRing. • �;
<br /> '�� � � 17. Tnsta Not Releaed.Extension of the time for payment or modification or amortizotion of the sums secured by this Dned of Trust •, .
<br /> .� � granted by BenefEciury to am►successor in iMerest of Trostor shali not operute to releose,in any monner,the liobility of the origi►al Tiustor and .�� '`
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<br /> - , ' ,,, . Trostor's successor in iMerest.Beneficiery shall not be required to tommence praeediegs oguinst such successor or ref�se to extend time for
<br /> ,. , poyment or otherwise modifq nmortization of the sums secured by this Deed of Trust by�eason of any demar�d made by the aiginal Trustor and .,
<br /> . ° • Tnn4or's successor in interest.
<br /> 18. BeMficirry't Powen.Witl+out offe�ting the liability of the Trustor or any other person licble for the payment of am/obligation herein
<br /> � � mentioned,aad without offecting the tien or charge of this Deed of Trust upon any portion of the Property aot then ar thoretofore released as
<br /> � �� • - security Por the full amount ot all unpaid ob�igations,8ene�eiory may,from time to time anrl without notice,ti)release ony person so liable,(ii)
<br /> extend the maturiry or alter any of the terms ef any suth obligations, tiiil grant other indulgences, (iv)release or reconvey, or cause to be
<br /> l releosed or reconveyed at any time ut 8eneflciory's options any parcel,portion or all of thQ�roperty,(v)take or release any other or additional
<br /> :, I seturity for anp obligation herein mentioned,or(vi)make compositions or other arcangements with debtors in relation thereto. '� •
<br /> _____—_ .,_, = 1 19. Futur.�domee�.Uaon reQuest of Trustor,Trustee at Trustee's option, prio� ro reconveyance of the Property to Tn�stor, may make
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<br /> future advances to Trostor.Such future edvences.with interest thereon,Sholl be s@LtRen Dy mis irusT veed wnen e��aa�aa+u��nv��..��, =
<br />-. notes statirtg that said notos are secured hereby;provided that at no time shall the secured printipol,future advances,not including sums ad- ,
<br /> � , vonced to protect the security,exceed an aggregate principal amount of S •
<br />— 20. Re�oar�yanee br Tws4te.Upon written request of 8eneficiary stating thot all sums setured hereby hove been paid,ond upon surrender
<br /> �� of?his Qeed of Trust and the Note to Tntstee for contellation and retention and upon payment by Trustor of Trostes's fees,Trustee shall
<br />- reconvey to Trustor,or the person or prsnons legally entitled thereto,without warranty,any portion of the Property then heid hereunder.The
<br /> ". recitols in sach reconveynrtce of ony rteatters or fcds shall be conclusive proof of the truthfulness thereof.The gmntee in any reeonveyanee moy
<br /> be described as"the penon or persons�ega11Y entitled thereto".
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