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200209279
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Last modified
10/15/2011 4:44:56 AM
Creation date
10/22/2005 9:31:37 PM
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DEEDS
Inst Number
200209279
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200209279 <br />expenses not paid within ten (10) days of written demand shall draw interest at the default rate <br />provided in the Note. <br />5. Eminent Domain. Should the Trust Estate, or any part thereof or interest therein, be taken <br />or damaged by reason of any public improvement or condemnation proceeding, or in any other manner <br />including deed in lieu of Condemnation ( "Condemnation "), or should Trustor receive any notice or <br />other information regarding such proceeding, Trustor shall give prompt written notice thereof to <br />Beneficiary. Beneficiary shall be entitled to all compensation, awards and other payments or relief <br />therefor and shall be entitled at its option to commence, appear in and prosecute in its own name any <br />action or proceedings. Beneficiary shall also be entitled to make any compromise or settlement in <br />connection with such taking or damage. All such compensation, awards, damages, rights of action <br />and proceeds awarded to Trustor (the "Proceeds ") are hereby assigned to Beneficiary, and Trustor <br />agrees to execute such further assignments of the Proceeds as Beneficiary or Trustee may require. <br />6. Appointment of Successor Trustee. Beneficiary may, from time to time, by a written <br />instrument executed and acknowledged by Beneficiary, mailed to Trustor and recorded in the county <br />in which the Trust Estate is located, and by otherwise complying with the provisions of the applicable <br />law of the State ofNebraska, substitute a successor or successors to the Trustee named herein or acting <br />hereunder. <br />7. Successors and Assiens. This Deed of Trust applies to, inures to the benefit of and binds <br />all parties hereto, their heirs, legatees, devisees, personal representatives, successors and assigns. The <br />term "Beneficiary" shall mean the owner and holder of the Note, whether or not named as Beneficiary <br />herein. <br />8. Inspections. Beneficiary, or its agents, representatives or workmen, are authorized to enter <br />at any reasonable time upon or in any part of the Trust Estate for the purpose of inspecting the same <br />and for the purpose of performing any of the acts it is authorized to perform under the terms of any <br />of the Loan Instruments. <br />9. Events of Default. Any of the following events shall be deemed an event of default <br />hereunder: <br />(a) Trustor shall have failed to make payment of any installment of interest, principal, <br />or principal and interest or any other sum secured hereby when due; or <br />(b) There has occurred a breach ,of or default under any term, covenant, agreement, <br />condition, provision, representation or warranty contained in any of the Loan Instruments; or <br />(c) Trustor shall sell or transfer all or any part of the Property or an interest therein <br />without Beneficiary's prior written consent. <br />10. Acceleration Upon Default, Additional Remedies. Should an event of default occur, <br />Beneficiary may declare all indebtedness secured hereby to be due and payable and the same shall <br />
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