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<br />200512497
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<br />(1) To the cost and expense of exercising the power of sale and of the sale, including
<br />attorney fees, evidence of title and other sale expenses, and a trustee's fee not to
<br />exceed four percent (4%) of the gross sale price;
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<br />(2) To the payment of the obligation secured by this Deed of Trust and Trust Deed
<br />Note;
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<br />(3) To the payment of junior Trust Deeds, mortgages, or other lienholders;
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<br />(4) The balance, if any, to the person or persons legally entitled thereto.
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<br />E. Upon the occurrence of any default hereunder, BENEFICIARY shall have, in addition to
<br />such other options as may be granted herein, the further option to foreclose this Deed of
<br />Trust in the manner provided by law for foreclosures of mortgages on real property.
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<br />F . BENEFICIARY may from time to time substitute a successor or successors to any
<br />TRUSTEE named herein or acting hereunder. Upon such appointment, and without
<br />conveyance to the successor TRUSTEE, the latter shall be vested with all title, powers, and
<br />duties conferred upon any TRUSTEE herein named or acting hereunder. Each such
<br />appointment and substitution shall be made by written instrument and executed by
<br />BENEFICIARY, containing reference to this Deed of Trust and its place of record, which,
<br />when recorded in the office of the Register of Deeds of the county or counties in which said
<br />property is situated, shall be conclusive proof of proper appointment of the successor
<br />TRUSTEE. The foregoing power of substitution and the procedure therefor shall not be
<br />exclusive of the power and procedure provided for by law for the substitution of a
<br />TRUSTEE in the place ofthe TRUSTEE named herein.
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<br />G. TRUSTOR covenants and agrees that upon any attempted conveyance, assignment, pledge
<br />or transfer of any of their interest in the premises during the term ofthe loan secured hereby,
<br />the BENEFICIARY shall have the option of declaring the unpaid balance immediately due
<br />and payable, and if said sum remains unpaid for 15 days thereafter, BENEFICIARY can
<br />cause Notice of Default to be given and the premises be sold as provided herein.
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<br />H. As additional and collateral security for the loan, and effective forthwith upon filing of a
<br />Notice of Default, this instrument shall serve as an assignment by the TRUSTOR to the
<br />TRUSTEE, of all rents and revenues resulting from the property, and TRUSTEE is
<br />authorized to take possession of the property, rent or lease the same on terms he deems best
<br />and to collect the rents and revenues and apply the same upon unpaid interest, principal,
<br />taxes or insurance premiums or for maintenance and preservation of the premises.
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<br />I. The waiver by TRUSTEE or BENEFICIARY of any default of TRUSTOR under this Deed
<br />of Trust, on one occasion, shall not be or be deemed to be a waiver of any other or similar
<br />defaults subsequently occurring.
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<br />1. If title to any part of the property herein shall be taken in condemnation proceedings, by
<br />right of eminent domain, or similar action, or shall be sold under threat of condemnation, all
<br />awards, damages and proceeds are hereby assigned and shall be paid to the
<br />BENEFICIARY, who shall apply such payment, or any part thereof, in its sole discretion, to
<br />the sum due at that time on this Deed of Trust and Trust Deed Note, with any balance above
<br />the amount due hereunder payable to the TRUSTOR.
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<br />K. The BENEFICIARY, its agents or representatives, are hereby authorized to enter, at any
<br />reasonable time, upon any part of the trust property for the purposes of inspecting the samc
<br />and for the purpose of performing any of the acts it is authorized to perform under the terms
<br />of this Deed of Trust and other accompanying documents.
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<br />L. This Deed of Trust and all accompanying documents are subject to, constructed and
<br />governed by the laws of the State of Nebraska for all purposes.
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