200301501 - Laserfiche WebLink

Browse

11. Miscellaneous Provisions. 200301501 (a) Borrower Not Released. Extension of ilia lime for payment or modilicalion of amortization of Ibe sums secured by this Deed of Trust granted by Lender to any successor In Interest of Borrower shall not operate to release, In any mariner, the liability of the original Borrower and Borrower's successors In Interest. Lender shall not be required to commence proceedings against such successor or refuse to extend time for payment or ollmedse modify amortization of the sums secured by this Deed of Trust by reason of any denmod made by the orlglnnl Borrower and Borrower's successors In Interest (b) Lender's Powers. Without affecting the liability of any other person liable for the payment of any obligation herein mentioned, and without affecting the lien or charge of this Deed of Trust upon any portion of The Property not Ilion or theretofore released as security for the lull amount of all unpaid obligations, Lender may, from time to time and without notice (I) release any person so liable, (ti) extend the maturity or alter any of the terms of any such obligations, (iii) grant other Indulgences, (iv) release or reconvey, or cause to be released or reconveyed at any time at Lender's options any parcel, foli or all of the Properly, (v) lake or release any other or additional security for any obligation herein mentioned, or (vi) make compositions or other arrangements with debtors In relation thereto. (c) Fa(bearance by Lender Not a Waver. Any forbearance by Lender In exercising any right or remedy hereunder, or otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy. The procurement of insurance of Ilm payment of taxes or other liens or charges by Lender shall not be a waiver of Lender's right to accelerate the maturity of the indebtedness secured by this Deed of Trust. (d) Successors and Asslnns Bound Joint and Several Liability CaplVous. The covenants and agreements herein contained shall bind, and the rights hereunder shall Inure to, the respective successors and assigns of Lender and Borrower, subject to the provisions of paragraph ale) hereof. All covenants and agreements of Borrower shall be joint and several. The captions and headings of the paragraphs of this Deed of Tmll are for convenience only and are not to be used to Interpret or define the Provisions fiercer. (e) ficnuesl for Notices. The parties hereby request That a copy of any notice of default hereunder and a copy of any notice of sale hereunder be mailed to each party to this Deed of Trust at the address set tooth below In the manner prescribed by applicable law. Except for any other notice required under applicable law to be given In another manner, any notice provided for in this Deed of Trust shall be given by mailing such notice by modified mall addressed as follows, or at such ether address as shall be designated in writing to the other parties, as provided herein: Borrower StataxtRa Hares, Inc. Staxoitka Hicree, Lie. % Blauharn Edna, Inc. 907 W. 4th &. 686 U lied (card Lsla>•d, NE 66801 Palter, NE 68864 Lender Anger Cocizieratisia Q'slit Lhlm 2121 fader Ft d Archer, NE 68816 Trustee Archer arp Uw Credit adm 2121 Archer Idsd Archer, NE 68816 Any notice provided for in this Deed of Trust shall be deemed to have been given to Borrower or Lender when given in the manner designated herein. (q Insecllon. Lender may make or cause to be made reasonable entries upon and Inspections of the Property, provided that Lender shall give, Borrower notice prior to any such Inspection specifying reasonable cause therefore related to Lender's Interest in the Properly. (9) Reconvevence. Upon payment of all sums secored by this Dead of Trust, Lender shall request i"rustee to reconvey the Properly and shall surrender this Deed of Trust and oil notes evidenclaq Indebtedness secured by this Deed or Trust to Trustee. Trustee shall reconvey the Property without warranty and without charge to the person or persons legally enthied [hereto. Such person or persons shall pay all costs of recordation, it any. (h) Personal Properly Security Agreement, As additional security for the payment of the Note all fixtures, equipment, and other personal propedy used In connection with the real estate or Improvements located thereon, and not otherwise declared or deemed Io be a pan of the real estate secured hereby, shall be subject to a security Interest in favor of the Lender under the Nebraska Uniform Commercial Cade, This Instrument shall be construed as a Security Agreement under said Code, and the Lender shall have all ilia rights and remedies of a secured parly under said Code In addition to the rights and remedies created and accorded the Lender pursuant to this Deed of Trust. 'n Mil.Lmo tell, Page 3 of 4