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200300847
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200300847
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Last modified
10/15/2011 2:53:32 PM
Creation date
10/21/2005 3:56:31 PM
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DEEDS
Inst Number
200300847
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200300847 <br />D. Pay all taxes and assessments against the above-described real estate and, <br />at least ammally, provide proof of payment of such to the Beneficiary. <br />. 4. Default: Trustor covenants and agrees that its failure to make any payment of <br />either principal or interest on the Promissory Note secured hereby when due and payable, or of <br />its failure to comply with any of the covenants and agreements herein, shall cause the whole sum <br />of money hereby secured to become due and collectible at once at the option of the Beneficiary, <br />and the Beneficiary shall have the right to cause Notice of Default to be given and the premises <br />sold as provided herein. <br />5. It is Mutually Agreed That: <br />A. Trustee's Ordinary Duties: At any time and from time to time, upon <br />written request of the Beneficiary, payment of fees and presentation of this <br />Deed of Trust and the Promissory Note for endorsement (in case of full <br />reconveyance, for cancellation and retention), without affecting the <br />liability of any person for the payment of this indebtedness, Trustee shall <br />(a) consent to the making of any map or plat of said property; (b) join in <br />granting any easement or creating any restriction thereof; (c) join in any <br />subordination or other agreement affecting this Decd of Trust or the lieu <br />or charge thereto; (d) reconvey, without warranty, all or any part of said <br />property. <br />B. Reconveyance: When the obligation secured by this Deed of Trust has <br />been satisfied, the Trustee shall, upon written request by the Beneficiary, <br />reconvey the trust property. The Grantee in any reconveyance shall be the <br />Trustor or its successor in interest. The Beneficiary shall deliver to the <br />Truster the Deed of Trust and the Promissory Note shown as satisfied and <br />paid in full. In the event the Beneficiary improperly refuses to request a <br />reconveyance from the Trustee, Ole Trustor shall have the rights and <br />remedies as set forth in Section 76 -1014 of the Nebraska Statutes as the <br />same are constituted at the time this Deed of Trust is executed. <br />C. Default and Deficiency Judgment Procedure: Upon default by Trustor <br />in the payment of any indebtedness secured hereby or in the performance <br />of any agreement hereunder, Beneficiary may declare all sums secured <br />hereby immediately due and payable by delivery to Trustee of a written <br />declaration of default. If Beneficiary desires said property be sold, it shall <br />deposit with Trustee this Deed of Trust and all Promissory Notes and <br />documents evidencing expenditures secured hereby, and shall deliver to <br />Trustee a written Notice of Default and election to cause said property to <br />be sold in the form required by law, which shall be duly filed for record <br />by the Trustee. Sale and distribution procedure shall be as follows: <br />(1) After the lapse of such time as may be required by law following <br />the recordation of said Notice of Default, and Notice of Sale <br />having been given as required by law, Trustee, without demand on <br />Trustor, shall sell said property on the date and at the time and <br />place designated in said Notice of Sale, at public auction to the <br />highest bidder, the purchase price to be payable in lawful money of <br />-2- <br />
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