<br />\,
<br />
<br />200600578
<br />
<br />designee may purchase the Property at any sale. Upon receipt of payment of the price bid, Trustee shall deliver to the
<br />purchaser Trustee's deed conveying the Property. The recitals in the Trustee's deed shall be prima facie evidence ofthe
<br />truth of the statements made therein. Trustee shall apply the proceeds of the sale in the following order: (a) to all
<br />expenses ofthe sale, including, but not limited to, Trustee's fees as permitted by applicable law and reasonable attorney's
<br />fees; (b) to all sums secured by this Security Instrument; (c) to junior lienholders; and (d) any excess to the person or
<br />persons legally entitled to it.
<br />
<br />15. ASSIGNMENT OF RENTS. As additional security, Trustor hereby assigns to Beneficiary
<br />the rents of the Property, provided that Trustor shall, prior to acceleration hereunder or abandonment of the Property,
<br />have the right to collect and retain such rents as they become due and payable. Upon acceleration as provided herein
<br />or abandonment of the Property, Beneficiary (in person, by agent or by judicially appointed receiver) shall be entitled
<br />to enter upon, take possession of and manage the Property and to collect the rents of the Property including those past
<br />due. Any rents collected by Beneficiary or the receiver shall be applied first to payment of the costs of management of
<br />the Property and collection of rents, including, but not limited to, receiver's fees, premiums on receiver's bonds and
<br />reasonable attorney's fees, and then to the sums secured by this Security Instrument.
<br />
<br />16. REMEDIES NOT EXCLUSIVE. Trustee and Beneficiary, and each ofthem, shall be entitled
<br />to enforce payment and performance of any indebtedness or obligations secured hereby and to exercise all rights and
<br />powers under this Deed of Trust or under any Loan Instrument or other agreement or any laws now or hereafter in force,
<br />notwithstanding some or all of the such indebtedness and obligations secured hereby may now or hereafter be otherwise
<br />secured, whether by mortgage, deed of trust, pledge, lien, assignment or otherwise. Neither the acceptance ofthis Deed
<br />of Trust nor its enforcement whether by court action or pursuant to the power of sale or other powers herein contained,
<br />shall prejudice or in any manner affect Trustee's or Beneficiary's right to realize upon or enforce any other security now
<br />or hereafter held by Trustee or Beneficiary, it being agreed that Trustee and Beneficiary, and each of them, shall be
<br />entitled to enforce this Deed of Trust and any other security now or hereafter held by Beneficiary or Trustee in such order
<br />and manner as they or either of them may in their absolute discretion determine. No remedy herein conferred upon or
<br />reserved to Trustee or Beneficiary is intended to be exclusive of any other remedy herein or by law provided or
<br />permitted, but each shall be cumulative and shall be in addition to every other remedy given hereunder or now or
<br />hereafter existing at law or in equity or by statute. Every power or remedy given by any of the Loan Instruments to
<br />Trustee or Beneficiary or to which either of them may be otherwise entitled, may be exercised, concurrently or
<br />independently, from time to time and as often as may be deemed expedient by Trustee or Beneficiary and either or them
<br />may pursue inconsistent remedies. Nothing herein shall be construed as prohibiting Beneficiary from seeking a
<br />deficiency judgment against the Trustor to the extent such action is permitted by law.
<br />
<br />17. FIXTURE FILING. To tlle extent that improvements and Property constitute fixtures, this
<br />instrument shall be filed in the real estate records ofthe County of the location of the Property and be deemed a fixture
<br />filing.
<br />
<br />18. GOVERNING LAW. This Deed of Trust shall be governed by the laws of the State of
<br />Nebraska. In the event that any provisions or clause of any ofthe Loan Instruments conflicts with applicable laws, such
<br />conflicts shall not affect other provisions of such Loan Instruments which can be given effect without the conflicting
<br />provision, and to this end the provisions of the Loan Instruments are declared to be severable. This instrument cannot
<br />be waived, changed, discharged or terminated orally, but only by an instrument in writing signed by the party against
<br />whom enforcement of any waiver, change, discharge or termination is sought.
<br />
<br />19. TRUSTEE'S FEE. In the event of default, unless specifically waived in writing by Trustee,
<br />Trustor agrees to pay Trustee a fee equal to $50.00, or one-half (Y2) of one percent (1 %) of the entire unpaid principal
<br />sum secured, whichever is greater, subject to the limits of Neb. Rev. Stat. 916-1012, as amended.
<br />
<br />20. RECONVEYANCE. Upon payment of all sums secured by this Security Instrument,
<br />Beneficiary shall request Trustee to reconvey the Property and shall surrender this Security Instrument and all notes
<br />evidencing debt secured by this Security Agreement to Trustee. Trustee shall reconvey the Property without warranty
<br />and without charge to the person or persons legally entitled to it. Such person or persons shall pay any recordation costs.
<br />
<br />21. REQUEST FOR NOTICES. Trustor requests that copies of the notices of default and sale
<br />be sent to Trustor's address which is the Property Address. Trustor further requests that copies of the notices of default
<br />and sale be sent to each person who is a party hereto at the address of such person set forth herein.
<br />
<br />22. NOTICES. Any notice to Trustor provided for in this Security Instrument shall be given by
<br />delivering it or mailing it by first class mail unless applicable law requires use of another method. The notice shall be
<br />directed to the Property Address or any other address Trustor designates by notice to Beneficiary. Any notice to
<br />Beneficiary shall be given by first class mail to Beneficiary's address stated herein or any other address Beneficiary
<br />designates by notice to Trustor. Any notice provided for in this Security Instrument shall be deemed to have been given
<br />to Trustor or Beneficiary when given as provided in this paragraph.
<br />
<br />23. ACCEPTANCE BY TRUSTEE. Trustee accepts this Trust when this Deed of Trust, duly
<br />executed and acknowledged, is made a public record as provided by law.
<br />
<br />IN WITNESS WHEREOF, Trustor has executed thi
<br />
<br />
<br />st as of the day and year first above
<br />.
<br />
<br />written.
<br />
<br />riesen
<br />
<br />
<br />~(Ju~A ~
<br />
<br />3
<br />
<br />il.
<br />
|