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<br />agreements, the said Beneficiary may pay such tax, pay for such insurance, or pay off any and all such liens,
<br />or indebtedness as the case may be, and money expended with interst as provided by the terms of the
<br />aforementioned Promissory Note, shall be secured by this Trust Deed, and the Trustor agrees to pay the same
<br />upon demand, and upon failure to do so, the balance of said Promissory note shall become immediately due
<br />and payable at the option of the Beneficiary, (4) specifically confer upon the Trustee the Power of Sale as
<br />provided in Nebraska law; (5) retain possession of the premises and collect the rents and revenues
<br />therefrom; (6) maintain the Property in a condition of maintenance and repair such that the interest of
<br />Trustee and Beneficiary are not reduced in value through waste. Failure to comply with any of the foregoing
<br />provisions shall constitute and event of default under the terms of this Trust Deed.
<br />ABANDONMENT OF THE PROPERTY BY TRUSTOR. In the event that Trustor abandons the
<br />property, or if circumstances reasonably indicate that Trustor has abandoned the Property whether or not in
<br />connection with any other event of default, Beneficiary shall have the right, following filing of Notice of
<br />Default, to enter upon premises for the purpose of securing the same and for carrying out any other
<br />measures necessary to protect and preserve the interests of the Beneficiary in and to the Property. Turstor
<br />specifically agrees to hold Trustee and Beneficiary and their employeees, servants and agents harmless for
<br />any damages unavoidably inflicted upon the Property in connection with the exercise of rights arising under
<br />this Paragraph, and hereby waives any cause of action arising therefrom.
<br />Upon payment of all sums secured by this Trust Deed, the Beneficiary shall request the Trustee, in
<br />writing to reconvey the property and shall surrender this Trust Deed and all notes evidencing indebtedness
<br />secured by this Trust Deed to the Trustee. Trustee shall reconvey the property without warranty to the
<br />person or persons legally entitled thereto; but if default be made in the payment of said Note or any part
<br />thereof or any of the interest thereon when due or in the faithful performance of any or either of said
<br />agreements as aforesaid, then the whole of said Note shall become due and be paid as hereinafter provided,
<br />and this deed shall remain in force. The Trustee or his attorney may then proceed to sell the property in its
<br />entirety or in parcels at the option of the Trustee, hereinbefore described at public auction, to the highest
<br />bidder for cash.
<br />The Power of Sale conferred upon the Trustee shall not be exercised until the Trustee shall first file
<br />for record, in the Office of the Register of Deeds of each county wherein the trust property or some part or
<br />parcel thereof is situated, a Notice of Default, identifying the Trust Deed by stating the names of Trustor
<br />named therein and giving the Book and Page where the same is recorded, a description of the trust property,
<br />and containing a statement that a breach of an obligation for which the trust property was conveyed as
<br />security has occurred, and setting forth the nature of such breach and his election to sell or cause to be sold
<br />such property to satisfy the obligation; and after the lapse of not less than one month, the Trustee shall give
<br />notice of sale as provided by Nebraska Law.
<br />After Notice of Default, and lapse of not less than one month, the Trustee shall give written notice of
<br />the time and place of sale particularly describing the Property to be sold by publication of such notice, at
<br />least five times, once a week for five consecutive weeks, the last publication to be at least 10 days but not more
<br />than 30 days prior to the sale, in some newspaper having general circulation in each county in which the
<br />property to be sold, or some part thereof, is situated.
<br />Upon such sale, the Trustee shall execute and deliver a deed of conveyance of the property sold to the
<br />purchaser or purchasers thereof and any statement or recital of fact in such deed in relation to the exercise
<br />of the Power of Sale and sale of the property described herein, including recitals concerning any mailing,
<br />personal delivery and publication and posting of notice of such sale, and the conduct of sale, shall constitute
<br />prima facia evidence of such compliance and conclusive evidence thereof in favor of bona fide purchasers and
<br />encumbrancer for value and without notice. The Trustee's deed shall operate to convey to the Purchaser,
<br />without right of redemption, the Trustee's title and all right, title and claim of the Trustee's sale, FIRST, to
<br />the cost and expenses of exercising the Power of Sale, and of the sale, including the payment of the Trustee's
<br />fees actually incurred, which fees shall include a reasonable attorneys fee, not to exceed $350.00; SECOND,
<br />to the payment of the obligations secured by the Trust Deed; THIRD, to the payment of junior trust deeds,
<br />mortgages or other lienholders, and the balance, if any to the person or persons legally entitled thereto.
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