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200313100
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Last modified
10/16/2011 7:18:51 AM
Creation date
10/28/2005 3:41:43 PM
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DEEDS
Inst Number
200313100
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94000313100 <br />Nebraska. Out of the proceeds of said sale, the Trustee shall retain and pay first all fees, <br />charges, and costs of sale, and all monies advanced in the exercise of the power of sale, <br />including the payment of the Trustee's fees actually incurred, and pay second the obligations <br />secured by this Deed of Trust; and the balance, if any, shall be paid to the person or persons <br />legally entitled thereto. Any person, including the Beneficiary, may purchase said property <br />at such sale. <br />The Trustor covenants that at the time of delivery of these presents, he is seized of <br />said property in fee simple, and that said property is free of encumbrances, except <br />easements, rights -of -way, restrictions and reservations of record, and he will properly <br />maintain the property, keep all buildings insured for fire and extended coverage in an <br />amount equal to the unpaid balance of the aforesaid Note, with loss payable to the <br />Beneficiary, and will pay all taxes and assessments against said property and if he shall fail <br />to pay insurance premiums or taxes, the Beneficiary may pay the same, and all amounts so <br />paid shall become additional indebtedness due hereunder; and in case of foreclosure or <br />other proceedings to which the Trustor shall be a party, Trustor will pay any reasonable <br />attorney fees (not to exceed 2 %) incurred by Beneficiary or Trustee in such foreclosure or <br />other proceedings to the extent permitted by applicable law. <br />Trustor shall furnish Beneficiary written proof on January 1 and July I of each year <br />that the insurance is in full force and effect. Trustor shall make no alterations or additions <br />to the above described real property without written prior consent of the beneficiary. <br />Should the Beneficiary hereunder be made a party to any action affecting this Deed <br />of Trust or the title to said property, the Trustor agrees that all court costs and a reasonable <br />attorney fee (not to exceed 2 %) paid by the Beneficiary shall become additional <br />indebtedness due hereunder, and the Trustor hereby releases and waives all claims to said <br />property as a homestead exemption or other exemption now or hereafter provided by law. <br />It is agreed that in case of default in payment of said principal or interest or a breach <br />of any of the covenants herein, or upon any sale or transfer of the property by the Trustor, <br />then said principal sum hereby secured and interest thereon may, at the option of the <br />Beneficiary, become due and payable at once. Anything in said Note and this Deed of Trust <br />to the contrary notwithstanding, upon default, the Beneficiary shall be entitled to immediate <br />possession of said property, together with the rents, issues and profits therefrom, and on <br />failure of Trustor to deliver such possession, the Beneficiary shall be entitled to a receiver <br />for said property that may be appointed by any court of competent jurisdiction. <br />All the covenants herein shall be binding upon the respective heirs, personal <br />representatives, successors and assigns of the parties hereto. <br />2 <br />11� <br />
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