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bear interest at the default rate provided in line hotels) from the date of advance until paid. 200302224 <br />6. Any ewerds made to Tmeterla) or their successors by the exercise of eminent domain are hereby assigned to Beneficiary; and Beneficiary is <br />hereby authorized to collect and apply the same in payment of any indebtedness, mature or unmal secured by this Trust Deed, <br />Y. In the event of default in the payment when due of any sums secured hereby (principal, interest, advancements, or protective advances), or failure <br />to perform or observe any covenants and conditions contained herein, in the notaph, loan agraemanted, er any ether Instruments, or any proceedings <br />Is brought under any Bankruptcy laws, Beneficiary, at Its option, may declare the entire indebednese semued hereby to be Immediately due and <br />payable and the whole will hear interest at the default rate as provided in the noted) and Beneficiary may immediately authodza Trustee to exercise <br />the Power of Sale granted herein in the manner provided in the Nebraska Trust Deeds Act, or, at the option of the Beneficiary, may foreclose the <br />Trust Deed in Thu manner provided by low fur the fureclosure of mortgages on real property, including the appointment of a Receiver upon as parts <br />application, notice being hereby expressly waived, without regard to the value of the Property or the sufficiently thereof to discharge the <br />indebtedness secured hereby or in the loan agreements). Delay by Beneficiary in exercising ns rights upon default will not be construed as a waiver <br />themnf and any not of Beneficiary waivingp any specified default will net be construed as a waiver of any future default, If the proceeds under such <br />ale or foreclosure are insufficient to pay the total indebtedness specter] heeby, Tucslon.) do hereby agree to be personally bound to pay the unpaid <br />balance, and Benehciaryy will be entitled to a debcepusy judgment. <br />B. Should Beneficiary elect to exercise the Power of Sale granted herein, Beneficiary will notify Trustee who will record, publish, and deliver in <br />Fostoria) such Notice of Default and Notice of Sale as then required by law and will In the manner provided by law, sell the property at the time <br />and place of sale fixed in the Notice of Sale, either as a whole or in separate lots, parcels, or items and in such sugar as Trustee will deem expedient. <br />Any ppit e ay bid at the sale including Trustorla), Trustee, or Beneficiary. <br />9. Tmarorud hereby requests a copy of any Notice of Default er Notice of Sale hereunder to be mailed by certified mail in Truslurlel at the <br />acdic"(as) set forth herein_ <br />10. Upon default, Beneficiary, either in person or by agent, with or without bringing any action or proceeding and with or without regard to the value <br />of the properly or the sufficiency thereof to discharge the indebtedness secured hereby, Is authorized and entitled to enter upon and take possession <br />of the property in Its own name or in the name of the Trustee and do any acts or expend any sums It deems necessary nr desirable to protect or <br />preserve the value of the property or any interest therein, or increase the income therefrnm; and with er without taking possession of tiro property <br />Is authorized to sue for or otherwise collect the rams, taco s, nr ,,, profits, and income thereof, including those past dun and unpaid, and apply <br />the same upon any indebtedness secured hereby or in the loan a9pemental. <br />No remedy herein conferred upon or <br />reserved to Trustee or Baneficiory is intended to be exclusive of any other remedy herein or by law provided <br />or permitted, but each will be cumulative, will be in addition to every other remedy given hereunder or now or hereafter existing at law or in equity <br />or by statute, and may be exercised concurrently, independently or successively. <br />11. 1rustor(s) acknowledges that the duties and obligations of Trustee will be determined solely by the express provisions of this Trust David Or <br />the Nebraska Trust Deeds Act and Trustee will not be liable except for the performance of such duties and obligations as are ap soflually set forth <br />therein, and no implied covenants or ohligatinns will be imposed upon Trustee; Trustee will not be liable for any action by it in good faith and <br />125 ably believed by it to be authorized or within the discretion or igghts of powers conferred upon it by this Trust Deed or state law. <br />1 fie integrity and responsibility of Trustor(s) constitutes a part ofrtha consideration for the obligations secured hereby. Should Trustogd) sell, <br />transfer, or convey the pro pparty described herein, without prior written consent of Beneficiary, Beneficiary, tits option, may declare the entire <br />indebtedness immediately tlue and payable and may proceed in the enforcement of its rights as on any other default. <br />13. Assignment of Rents including Proceeds of Mineral Leases. Tmsmrls) hereby assigns, transfers, and conveys to Beneficiary all rents, royalties, <br />bonuses, and delay moneys or other preteens that may from time to time become due and payable under any real estate lease or under any oil, gas, <br />gravel, rock, or other mineral lease of any kind including geutharmal resources now existing or that may hereafter come into existence, covering <br />the pmpertm or any part thereof. All such sums so received by Beneficiary will be applied In the Indebtedness secured Twenty; or Beneficiary, at <br />Its option, ay turn over and deliver to Truster(s) or their successors in interest, any or all of such sums without prejudice to any of Beneficiary a <br />rights to take and retain future sums, and without prejudice to any of its other rights under this Trust Deed. This ssignrecnt will be construed to <br />be a provision for the payment or reduction of the debt, subject to the Benaflrlary's option as herembefore provided, independent of the lien on the <br />property. Upon payment in full of the debt and the rear nveyance of this Trust Deed of record, this assignment will become inoperative and of no <br />further force and effect. <br />14. This Trust Deed constitutes a Security Agreement with respect to all the property described herein. <br />15. The covenants contained in this Trust Deed will be deemed in he severable; in the event that any portion of This Trust Deed is determined to <br />be void or unenforceable, that determination will not affect the validity of the remaining portions of the Trust Deed, <br />THE ROH F MILY L MI I ED PAR NERSHIP, A Limited Partnership <br />a or <br />.r I Partner yy/yy///AA <br />CLARA M ROIIWER, Trustee of the lara M. Rohwer Trust, a General Partner <br />LIMITED PARTNERSHIP BORROWER ACKNOWLEDGMENT <br />STATE OF NEBRASKA <br />COUNTY OF DOUGLAS jaa <br />On ihls '�" -'�`— day of February 2003, before me, a Notary Public, personally appeared <br />to me known to be the Pannonian named In and who executed the foregoing instrument, who did say that he /they is /ere the general peprav r) of <br />The Rohwer Family limited Partnership , a limited partnership, <br />and that the instrument was signed on behalf of the limited partnership by authority of Its partners and the general partners acknowledged the <br />execution of the Instrument to be the voluntary act and dead of the Incited partnership by it and by them voluntarily executed. <br />KAREN A. MAY <br />GENERAL NOTARY -Slate N IN i <br />(SEAL) _ My Comm. Exp.JAy24,2003 <br />QYeI� er, 111tUL( <br />(Type name under samptr>r�) <br />My commission expires �%/v141 �3 Notary Public in and for said County and State <br />STATEOF NEBRASKA <br />I as <br />COUNTY OF DOUGLAS I <br />On this t,-2- day of February , 2003 . before me, a Notary Public, personally appeared <br />John IL Rohwer, attorney -in -fact for Clara M. Rohwer, Trustee of the Clara M. Rohwer Trust <br />to me known to be the personud named in and who executed the forename Instrument, who did say that he /they is /are the 9pri pentnpds) of <br />The Rohwer Family Limited Partnership , a limited partnership, <br />and that the instrument was signed on behalf of the limited partnership by authority of its partners and the general partners acknowledged the <br />execution of the instrument to be the voluntary ant and deed of the limited partnership by it and by them voluntarily executed. <br />GENERN.VKAREN R. of Nebraska T <br />I6EAL1 �FNJMWN Flf/�L L�(il" <br />A `OTTIAEV Hr� <br />slgnp(ur l <br />MY rnmmissinn expires /l Notary Public In and fora county and SCOW <br />An #: 00290033; Primary Customer ID #: 00100061; CIF #. 104226 LeOSI Doo, Data February 21, 2003 <br />FORM 5011, Trust Dead and Assignment of Rents Page 2 <br />