200315697 - Laserfiche WebLink

Browse

20031569"7 17. The sale of the real estate, which is the subject of this Deed of Trust, without the prior written consent of the Beneficiary is agreed to be a material default by the Trustor, and the Beneficiary shall have the option to declare the whole indebtedness secured thereby to be due and owing and the power of sale conferred upon the Trustee may be exercised pursuant to this document and applicable statutes. The Loan secured by this lien was made under a United States Small Business Administration (SBA) nationwide program which uses tax dollars to assist small business owners. If the United States is seeking to enforce this document, then under SBA regulations: (a) When SBA is the holder of the Note, this document and all documents evidencing or securing this Loan will be construed in accordance with federal law. (b) CDC or SBA may use local or state procedures for purposes such as filing papers, recording documents, giving notice, foreclosing liens, and other purposes. By using these procedures. SBA does not waive any federal immunity for local or state control, penalty, tax or liability. No Borrower or Guarantor may claim or assert against SBA any local or state law to deny any obligation of Borrower, or defeat any claim of SBA with respect to this Loan. Any clause in this document requiring arbitration is not enforceable when SBA is the holder of the Note secured by this instrument. IN WITNESS WHEREOF, Trustor has executed this instrument and the Trustee and Beneficiary are deemed to have accepted their respective rights and duties when a duly executed and acknowledged copy of this instrument is delivered to them. — ---� STATE OF NEBRASKA ) ss. COUNTY OFl/ ) The foregoing instrument was acknowledged before me this 14/ day of November, 2003, by Randall .1. Kathman and Jean M. Kathman, husband and wife. NOTARY PUBLIC GENERAL NOTARY -State of Nebraska SCOTT E. WILTFONG My Comm. Exp. Dec. 11, 2004 2