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200313159
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Last modified
10/16/2011 7:23:26 AM
Creation date
10/28/2005 3:43:26 PM
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DEEDS
Inst Number
200313159
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200313159 <br />expenses shall be, until so paid, part of the Indebtedness and Beneficiary shall be entitled, to the <br />extent permitted by law, to receive and retain the full amount of the Indebtedness in any action <br />for redemption by Trustor, for an accounting for the proceeds of a Foreclosure sale or of <br />insurance proceeds or for apportionment of an eminent domain damage award. <br />SECTION 10.13 Beneficiary's Right to Counsel. <br />If Beneficiary retains attorneys to enforce any of the terms of the Loan Documents or <br />because of the breach by Trustor of any of the terms thereof or for the recovery of any <br />Indebtedness, Trustor shall pay to Beneficiary attorneys' fees and all costs and expenses, <br />whether or not an action is actually commenced and the right to such attorneys' fees and all costs <br />and expenses shall be deemed to have accrued on the date such attorneys are retained, shall <br />include fees and costs in connection with litigation, arbitration, mediation, bankruptcy and/or <br />administrative proceedings, and shall be enforceable whether or not such action is prosecuted to <br />judgment and shall include all appeals. Attorneys' fees and expenses shall for purposes of this <br />Deed of Trust include all paralegal, electronic research, legal specialists and all other costs in <br />connection with that performance of Beneficiary's attorneys. <br />If Beneficiary is, by reason of being the holder of this Deed of Trust, made a party - <br />defendant of any litigation concerning this Deed of Trust or the Premises or any part thereof or <br />therein, or the construction, maintenance, operation or the occupancy or use thereof by Trustor, , <br />then Trustor shall indemnify, defend and hold Beneficiary harmless from and against all liability <br />by reason of said litigation, including reasonable attorneys' fees and all costs and expenses <br />incurred by Beneficiary in any such litigation or other proceedings, whether or not any such <br />litigation or other proceedings is prosecuted to judgment or other determination. <br />SECTION 10.14 Other Representations and Warranties. <br />All statements contained in any loan application, certificate or other instrument delivered <br />by or on behalf of Trustor to Beneficiary or Beneficiary's representatives in connection with the <br />Indebtedness shall constitute representations and warranties made by Trustor hereunder. Such <br />representations and warranties made hereunder and thereunder shall survive the delivery of this <br />Deed of Trust, and any misrepresentations thereunder shall be deemed as misrepresentations <br />hereunder. <br />SECTION 10.15 Limitation of Interest. <br />It is the intent of Trustor and Beneficiary in the execution of this Deed of Trust, the Note <br />and the other Loan Documents, to contract in strict compliance with the usury laws of the State <br />of Nebraska governing the Note. In furtherance thereof, Beneficiary and Trustor stipulate and <br />agree. that none of the terms and provisions contained herein, in the Note or any other Loan <br />Documents shall ever be construed to create a contract for the use, forbearance or detention of <br />money requiring payment of interest at a rate in excess of the maximum interest rate permitted to <br />be charged by the laws of the State of Nebraska. Trustor, or any guarantors, endorser or other <br />party now or hereafter becoming liable for the payment of the Note shall never be required to <br />pay interest on the Note at a rate in excess of the maximum interest that may be lawfully charged <br />under the laws of the State of Nebraska and the provisions of this Section shall control over all <br />15311/53;09/30/03 -29- <br />
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