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200503788
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Last modified
10/17/2011 5:24:44 AM
Creation date
10/28/2005 10:34:27 AM
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DEEDS
Inst Number
200503788
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200503'788 <br />annum from the date of the expenditure; (4) all sums then secured hereby; and (5) the remainder, if any, to <br />the person or persons legally entitled thereto, or to the Trustee, in its discretion, may deposit the balance of <br />such proceeds with the County Clerk of the county in which the sale took place. Grantor agrees to surrender <br />possession of the Real Property to the Purchaser at the aforesaid sale, immediately after such sale, in the <br />event such possession has not previously been surrendered by Grantor. Upon the occurrence of any default, <br />the Beneficiary shall have the option to declare all sums secured hereby immediately due and payable and <br />foreclose this Deed of Trust in the manner provided by law for the foreclosure of mortgages on real property <br />and Beneficiary shall be entitled to recover in such proceedings all costs and expenses incident thereto, <br />including a reasonable attorneys fee in such amount as may be fixed by the court. Beneficiary's exercise of <br />any of its rights and remedies shall not constitute a waiver or cure of a default. Beneficiary's failure to <br />enforce any default shall not constitute a waiver of the default or any subsequent default. In the event the <br />Loan Documents are referred to an attorney for enforcement of Beneficiary's rights or remedies, whether or <br />not suit is filed or any proceedings are commenced, Grantor shall pay all Beneficiary's costs and expenses <br />including Trustee's and reasonable attorneys' fees (including attorneys' fees for (1) any appeal, (ii) relief from <br />stay motions, cash collateral disputes, assumption/rejection motions and disputes regarding proposed <br />disclosure statements and plans in any bankruptcy proceeding or (iii) for any other judicial or nonjudicial <br />proceeding or arbitration), appraisal and inspection fees and cost of a title report. <br />26. Cumulative Remedies. All Beneficiary's and Trustee's rights and remedies specified in the <br />Loan Documents are cumulative, not mutually exclusive and not in substitution of any rights or remedies <br />available in law or equity. In order to obtain performance of Grantor's obligations under the Loan <br />Documents, without waiving its rights in the Property, Beneficiary may proceed against Grantor or may <br />proceed against any other security or guaranty for the Note, in such order and manner as Beneficiary may <br />elect. The commencement of proceedings to enforce a particular remedy shall not preclude the <br />discontinuance of the proceedings and the commencement of proceedings to enforce a different remedy. <br />27. Sale of Personal Property After Default. The Personal Property may be sold separately or as a <br />whole, at the option of Beneficiary. In the event of a Trustee's sale of all the Property, Beneficiary hereby <br />assigns its security interest in the Personal Property to the Trustee. Beneficiary may also realize on the <br />Personal Property in accordance with the remedies available under the Uniform Commercial Code or at law. <br />In the event of a foreclosure sale, Grantor and the holders of any subordinate liens or security interest waive <br />any equitable, statutory or other right they may have to require marshaling of assets or foreclosure in the <br />inverse order of alienation. <br />28. Appointment of Receiver. In the event of a default, Beneficiary shall be entitled, without <br />notice, without bond, and without regard to the adequacy of the security for the Loan, to the appointment of <br />a receiver for the Property. The receiver shall have, in addition to all the rights and powers customarily <br />given to and exercised by a receiver, all the rights and powers granted to Beneficiary by the Loan <br />Documents. <br />29. Foreclosure of Lessee's Rights; Subordination. Beneficiary shall have the right, at its option, <br />to foreclose this Deed of Trust subject to the rights of any lessees of the Real Property. Beneficiary's failure <br />to foreclose against any lessee shall not be asserted as a claim against Beneficiary or as a defense against <br />any claim by Beneficiary in any action or proceeding. Beneficiary at any time may subordinate this Deed of <br />Trust to any or all of the Leases except that Beneficiary shall retain its priority claim to any condemnation <br />or insurance proceeds. <br />30. Reconveyance After Payment. Upon written request of Beneficiary stating that all obligations <br />secured by this Deed of Trust have been paid, Trustees shall reconvey, without warranty, the Real Property <br />then subject to the lien of this Deed of Trust. The recitals in any reconveyance of any matters of fact shall <br />Doff- Nebraska -12/04 NC L.GL 9 Symetra Loan No. SBOL1508 <br />
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