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<br />200205404
<br />will obtain and keep flood insurance in force to cover losses by 8eod as raqui red by Beneficiary and by the National Flood Insurance Act
<br />s amended, and by regulations implementing the same. Trustorlsl further agree that Beneficiary is not and will not be liable for any failure
<br />(s) or by any insurer, for whatever reason. to obtain and keep this insurance m force.
<br />a all buildings, fixtures, attachments, and other improvements now on or hereafter placed on the property occupied and in good repair,
<br />and condition and to neither commit nor permit any acts of waste or any impairment of the value of the property. Beneficiary may
<br />the pmporty to inspect the same or to perform any acts authorized herein or In the loan agreement(.).
<br />vent Trustorlsl fails to pay any liens, judgments, assessments, taxes, rents, fees, or charges or maintain any insurance on the property,
<br />ixtures, attachments, or improvements as provided herein or in the loan agreementls), Beneficiary, at its option, may make such payments
<br />to rents, maintenance, or repairs and any amounts paid therefor will become part of the principal indebtedness secured hereby, be
<br />y due and payable and bear interest at the default rate provided in the corals) from the date of payment until paid. The advancement by
<br />of any such amounts will in no manner limit the right of Beneficiary to declare Trustogs) in default or exercise any of Beneficiary's other
<br />comedies.
<br />,vent Beneficiary Is a party to any litigation affecting the property or the lien of this Trust Deed, including any action by Beneficy to
<br />s Trust Deed or any suit 'm which Beneficiary is named a defendant (including condemnation and bankruptcy proceedings) Beneiarficiary
<br />expenses and advance payments for abstract fees, attorneys fees (to the extent allowed by level, costs, expenses, appraisal fees, and
<br />1es and any amounts so advanced will become part of the principal indebtedness secured hereby, be immediately due and payable and
<br />at at the default rate provided in the notefs) tram the data o1 advance until paid.
<br />ards made to Trustorlsl or their successors by the exercise of emment domain are hereby assigned to Beneficiary; and Beneficiary Is
<br />horized to cullact and apply the same in payment of any indebtedness, mature or unmatured, secured by this Trust Dead.
<br />rent of default in the payment when due of any sums secured hereby (principal, interest, advancements, or protective advances), or failure
<br />er observe any covenants and conditions contained herein, in the noted), loan agreemengs), or any other instruments, or any proceedings
<br />under any Bankruptcy laws, Beneficiary, at its option, may declare the entire indebtedness secured hereby to be immediately due and
<br />d tho whole will bear interest at the default rate as provided In the hotels) and Beneficiary may immediately authorize Trustee to exercise
<br />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 />i� .Ae ,.. —, — ..roan m, iu- r.., run bvn.lneu,r of ,nnrmaans on real concern, incladino the e000int re tit of a Receiver upon ex part.
<br />or pdrmltria
<br />or by stator
<br />11. Tmsto
<br />the Nebrasl
<br />therein, am
<br />reasonably
<br />12. The ire
<br />transfer, or
<br />act
<br />at
<br />of e
<br />3 as
<br />l hereby requests a copy of any Notice or uetadif or
<br />at forth herein.
<br />suit, Beneficiary, either in person or by agent, with or w
<br />y or the sufficiency thereof to discharge the indebtedna
<br />ty In its own name or in the name of the Trustee and i
<br />value of the property or any interestt herein, or increas
<br />to sue for or otherwise collect the rents, Issues, crop:
<br />m any 'indebtedness secured hereby or in the loan ogre
<br />;rein conferred upon or reserved to Trustee or Benefit,
<br />but each will be cumulative, will be in addition to evert
<br />wses, and del-y m
<br />Ivel, rock, or other
<br />i property or any p.
<br />option, may turn o
<br />us to take and rate
<br />a provision for the
<br />)perry. Upon paym
<br />ther force and effe
<br />This Trust Deed
<br />The covenants e
<br />void or unenPorce.
<br />constitutes
<br />t, without r
<br />er r in exercising its right. upon default will not be construed as a waiver
<br />construed as a waiver of any future default. If the proceeds under such
<br />aby, Trustorlsl do hereby agree to be personally bound to pay the unpaid
<br />Beneficiary will notify Trustee who will record, publish, and deliver to
<br />w and will in the manner provided by law, sell the property at the time
<br />lots, parcels, or items and in such order as Trustee will deem expedient.
<br />of Sale hereunder to be mailed by certified mail to Trustorlsl at the
<br />)ringing any action or proceeding and with or without regard to the value
<br />reed hereby, is authorized and entitled to enter upon and take possession
<br />acts or expend any sums it deems necessary or desirable to protect or
<br />.come therefrom; and with or without taking possession of the property
<br />s, and income thereof, including those past due and unpaid, and apply
<br />a).
<br />mended to be exclusive of any other remedy herein or by law provided
<br />remedy given hereunder or now or hereafter existing at law or in equity
<br />Thirdly
<br />. de
<br />II be termined solely by the express provisions of this Trust Deed or
<br />performance of such duties and obligations as are speci tee fically set forth
<br />: Trustee will not be liable for env action by i[ in good faith and
<br />s option, may declare the entire
<br />,ult.
<br />to Beneficiary all rents, royalties,
<br />(state lease or under any ail, gas,
<br />lase of any Kind Including gep[nerr i resources now existing or a a -- y iieieene, cu,,,e n,.o onu.cuw, ---a
<br />f All each sums be received by Beneficiary will be applied to the indebtedness secured hereby; or Beneficiary, at
<br />.liver to Trurnerls) or their successors in interest, any or all of such sums without prejudice to any of Beneficiary's
<br />sums, and without prejudice to any of its other rights under this Trust Deed. This assignment will be construed to
<br />or reduction of the debt, subject to the Beneficiary's option as hereinbefore provided, independent of the lien on the
<br />of the debt and the reconveyance of this Trust Dead of retard, this assignment will become inoperative and of no
<br />is a Security Agreement with respect to all the property described herein.
<br />n this Trust Deed will be deemed to be severable; in the event that any portion of this Trust Deed Is determined to
<br />Jelermination will not affect the validity of the remaining portions of the Trust Deed.
<br />INDIVIDUAL BORROWER ACKNOWLEDGMENT
<br />STATE OF NEBRASKA )
<br />is
<br />COUNTY OF HALL )
<br />On this &12! day of al(56J; before me, a Notary Public, personally appeared
<br />Jerry Tiuhmeicr, a /k /a Jerry L. Teichmeier
<br />to me known to be the personlsl named in and who executed the foregoing instrument, and acknowledged that he executed the same as
<br />his voluntary act and deed.
<br />GENERAL ECHO AI.GORM1
<br />(SEAL) 5LVA� �.L-,i
<br />My Colon. Bap. Much 21, YOOh
<br />Ec.G.o �lc,o rr�
<br />,lam (Type name under signature)
<br />My commission .xpires J N- i+-a�� -� -1 g •i-���" Notary Public in and for said County and State
<br />INDIVIDUAL BORROWER ACKNOWLEDGMENT
<br />STATE OF NEBRASKA
<br />COUNTY OF HALL 1
<br />~ fie. -- ciao,.^ X00
<br />On this (l1i ` day of �� A;-betore me, a Notary Public, personally appeared
<br />Barb Teichmeier, a /k /a Barbara J. Teichn ier _.
<br />to me known to be the personlsl named in and who executed the foregoing instrument, and acknowledged that She executed the same as
<br />her voluntary act and deed.
<br />IsEALI GEWAA 1,11 Y- State ul NehfsW
<br />ECHO ALCORN
<br />- MY Cantu, Ern. March 21, 2006
<br />My commission expires /�l�-° `h I r D-00
<br />(Type name under signature)
<br />Notary Public in and for said County and State
<br />Ap #: 00270973; Primary Customer ID #: 00101298; CIF #: 104705 Legal Dec. Date: September 06, 2002
<br />FORM 5011, Trust Dead and Assignment of Rents Page 2
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