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200505430
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Last modified
10/17/2011 7:47:52 AM
Creation date
10/28/2005 11:03:19 AM
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DEEDS
Inst Number
200505430
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200505 430 <br />enter upon, take possession of and manage the Property and to collect the rents <br />of the Property including those past due. Any rents collected by Beneficiary <br />or the receiver shall be applied first to payment of the costs of management of <br />the Property and collection of rents, including, but not limited to, receiver's <br />fees, premiums on receiver's bonds and reasonable attorney's fees, and then to <br />the sums secured by this Security Instrument. <br />10. REMEDIES NOT EXCLUSIVE. Trustee and Beneficiary, and each of <br />them, shall be entitled to enforce payment and performance of any indebtedness <br />or obligations secured hereby and to exercise all rights and powers under this <br />Deed of Trust or under any Loan Instrument or other agreement or any laws now <br />or hereafter in force, notwithstanding some or all of the such indebtedness and <br />obligations secured hereby may now or hereafter be otherwise secured, whether <br />by mortgage, deed of trust, pledge, lien, assignment or otherwise. Neither the <br />acceptance of this Deed of Trust nor its enforcement whether by court action or <br />pursuant to the power of sale or other powers herein contained, shall prejudice <br />or in any manner affect Trustee's or Beneficiary's right to realize upon or <br />enforce any other security now or hereafter held by Trustee or Beneficiary, it <br />being agreed that Trustee and Beneficiary, and each of them, shall be entitled <br />to enforce this Deed of Trust and any other security now or hereafter held by <br />Beneficiary or Trustee in such order and manner as they or either of them may <br />in their absolute discretion determine. No remedy herein conferred upon or <br />reserved to Trustee or Beneficiary is intended to be exclusive of any other <br />remedy herein or by law provided or permitted, but each shall be cumulative and <br />shall be in addition to every other remedy given hereunder or now or hereafter <br />existing at law or in equity or by statute. Every power or remedy given by any <br />of the Loan Instruments to Trustee or Beneficiary or to which either of them <br />may be otherwise entitled, may be exercised, concurrently or independently, <br />from time to time and as often as may be deemed expedient by Trustee or <br />Beneficiary and either or them may pursue inconsistent remedies. Nothing <br />herein shall be construed as prohibiting Beneficiary from seeking a deficiency <br />judgment against the Trustor to the extent such action is permitted by law. <br />11. FIXTURE FILING. To the extent that improvements and Property <br />constitute fixtures, this instrument shall be filed in the real estate records <br />of the County of the location of the Property and be deemed a fixture filing. <br />12. GOVERNING LAW. This Deed of Trust shall be governed by the <br />laws of the State of Nebraska. In the event that any provisions or clause of <br />any of the Loan Instruments conflicts with applicable laws, such conflicts <br />shall not affect other provisions of such Loan Instruments which can be given <br />effect without the conflicting provision, and to this end the provisions of the <br />Loan Instruments are declared to be severable. This instrument cannot be <br />waived, changed, discharged or terminated orally, but only by an instrument in <br />writing signed by the party against whom enforcement of any waiver, change, <br />discharge or termination is sought. <br />13. TRUSTEE'S FEE. In the event of default, unless specifically <br />waived in writing by Trustee, Trustor agrees to pay Trustee a fee equal to <br />$50.00, or one -half (',-i) of one percent (1 %) of the entire unpaid principal sum <br />secured, whichever is greater, subject to the limits of Neb. Rev. Stat. §76- <br />1012, as amended. <br />14. RECONVEYANCE. Upon payment of all sums secured by this <br />Security Instrument, Beneficiary shall request Trustee to reconvey the Property <br />and shall surrender this Security Instrument and all notes evidencing debt <br />secured by this Security Agreement to Trustee. Trustee shall reconvey the <br />Property without warranty and without charge to the person or persons legally <br />entitled to it. Such person or persons shall pay any recordation costs. <br />15. REQUEST FOR NOTICES. Trustor requests that copies of the <br />notices of default and sale be sent to Trustor's address which is the Property <br />Address. Trustor further requests that copies of the notices of default and <br />sale be sent to each person who is a party hereto at the address of such person <br />set forth herein. <br />16. NOTICES. Any notice to Trustor provided for in this Security <br />Instrument shall be given by delivering it or mailing it by first class mail <br />unless applicable law requires use of another method. The notice shall be <br />3 <br />
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