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200315999
<br />applied upon any indebtedness hereby secured in such order as the Beneficiary shall determine. Such application by the
<br />Beneficiary shall not cause discontinuance of any proceedings to foreclose this Deed of Trust or cure or waive any
<br />default or notice of default or invalidate any act done pursuant to such notice. In the event of foreclosure, all rights of the
<br />Trustor in insurance policies then in force shall pass to the purchaser at the foreclosure sale.
<br />4. To obtain the written consent of Beneficiary before selling, conveying or otherwise transferring the property or
<br />any part thereof and any such sale, conveyance or transfer without the Beneficiary's written consent shall constitute a
<br />default under the terms hereof.
<br />5. To defend any action or proceeding purporting to affe4t the security hereof or the rights or powers of Beneficiary
<br />or Trustee.
<br />6. Should Trustor fail to pay when due any taxes, assessments, insurance premiums, liens, encumbrances or other
<br />charges against the property hereinabove described, Beneficiary may pay the same, and the amount so paid, with interest
<br />at the rate set forth in the note secured hereby, shall be added to and become a part of the debt secured in this Deed of
<br />Trust as permitted by law.
<br />IT IS MUTUALLY AGREED THAT:
<br />1. In the event any portion of the property is taken or damaged in an eminent domain proceeding, the entire amount
<br />of the award or such portion thereof as may be necessary to Mlly satisfy the obligation secured hereby, shall be paid to
<br />Beneficiary to be applied to said obligation.
<br />2. By accepting payment of any sum secured hereby after its due date, Beneficiary does not waive its right to
<br />require prompt payment when due of all other sums so secured or to declare default for failure to so pay.
<br />3. The Trustee shall reconvey all or any part of the property covered by this Deed of Trust to the person entitled
<br />thereto, on written request of the Trustor and the Beneficiary, or upon satisfaction of the obligation secured and written
<br />request for reconveyance made by the Beneficiary or the person entitled thereto.
<br />4. As additional security, Trustor hereby gives to and confers upon Beneficiary the right, power and authority, during
<br />the continuance of these Trusts to collect the rents, issues and profits of said property, reserving unto Trustor the right,
<br />prior to any default by Trustor in payment of any indebtedness secured hereby or in performance of any agreement
<br />hereunder, to collect and retain such rents, issues and profits as they become due and payable. Upon any such default,
<br />Beneficiary may at any time without notice, either in person, by agent, or by a receiver to be appointed by a court, and
<br />without regard to the adequacy of any security for the indebtedness hereby secured, enter upon and take possession of
<br />said property or any part thereof, in his own name sue for oo otherwise collect such rents, issues and profits, including
<br />those past due and unpaid, and apply the same upon any indebtedness secured hereby, and in such order as Beneficiary
<br />may determine. The entering upon and taking possession of said property, the collection of such rents, issues and profits
<br />and the application thereof as aforesaid, shall not cure or waive any default or notice of default hereunder or invalidate
<br />any act done pursuant to such notice.
<br />5. Upon default by Trustor in the payment of any indebtedness secured hereby or in the performance of any
<br />agreement contained herein, all sums secured hereby shall immediately become due and payable at the option of the
<br />Beneficiary. In such event and upon written request of Beneficiary, Trustee shall sell the trust property, in accordance
<br />with the Nebraska Trust Deeds Act, at public auction to th6Cghest bidder. Any person except Trustee may bid at
<br />Trustee's sale. Trustee shall apply the proceeds of the sale as follows: (1) to the expense of the sale, including a
<br />reasonable Trustee's fee; (2) to the obligation secured by this Deed of Trust; (3) the surplus, if any, shall be distributed to
<br />the persons entitled thereto.
<br />6. Trustee shall deliver to the purchaser at the sale its deed, without warranty, which shall convey to the purchaser
<br />the interest in the property which Trustor had or had the power to convey at the time of his execution of this Deed of
<br />Trust, and such as he may have acquired thereafter. Trustee's deed shall recite the facts showing that the sale was
<br />conducted in compliance with all the requirements of law and of this Deed of Trust, which recital shall be prima facie
<br />evidence of such compliance and conclusive evidence thereof in favor of bona fide purchasers and encumbrances for
<br />value.
<br />NE- 0979NOWLINE -0703 (also used by IA)
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