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200602927
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200602927
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Last modified
4/4/2006 4:40:10 PM
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4/4/2006 4:40:09 PM
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DEEDS
Inst Number
200602927
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<br />200602927 <br /> <br />pay all costs and expenses incurred by Beneficiary in connection with the <br />exercise by Beneficiary of the foregoing rights. including without <br />limitation costs of evidence of title. court costs, appraisals. surveys and <br />attomeys' fees. Any such costs and expenses not paid within ten (10) <br />days of written demand shall draw interest at the default rate provided in <br />the Note. <br /> <br />5. Eminent Domain. Should the Trust Estate. or any part thereof <br />or interest therein. be taken or damaged by reason of any public <br />improvement or condemnation proceeding. or in any other manner <br />including deed in lieu of Condemnation ("Condemnation"), or should <br />Trustor receive any notice or other information regarding such <br />proceeding, Trustor shall give prompt written notice thereof to <br />Beneficiary. Trustor shall be entitled to all compensation, awards, and <br />other payments or relief therefor. and shall be entitled at its option to <br />commence, appear in and prosecute in its own name any action or <br />proceedings. Beneficiary shall also be entitled to make any compromise <br />or settlement in connection with such taking or damage. All such <br />compensation, awards, damages, rights of action, and proceeds awarded <br />to Trustor (the "Proceeds") are hereby assigned to Beneficiary and Trustor <br />agrees to execute such further assignments of the Proceeds as Beneficiary <br />or Trustee may require. <br /> <br />6. Appointment of Successor Trustee. Beneficiary may. from <br />time to time, by a written instrument executed and acknowledged by <br />Beneficiary, mailed to Trustor and recorded in the County in which the <br />Trust Estate is located and by otheIWise complying with the provisions of <br />the applicable law of the State of Nebraska substitute a successor or <br />successors to the Trustee named herein or acting hereunder. <br /> <br />7. Successors and Assigns. This Deed of Trust applies to. inures <br />to the benefit of and binds all parties hereto, their heirs, legatees, <br />devisees, personal representatives, successors and assigns. The term <br />"Beneficiary" shall mean the owner and holder of the Note. whether or <br />not named as Beneficiary herein. <br /> <br />8. Inspections. Beneficiary, or its agents. representatives or <br />workmen, are authorized to enter at any reasonable time upon or in any <br />part of the Trust Estate for the purpose of inspecting the same and for <br />the purpose of performing any of the acts it is authorized to perform <br />under the terms of any of the Loan Instruments. <br /> <br />9. Events of Default. Any of the following events shall be deemed <br />an event of default hereunder: <br /> <br />(a) Trustor shall have failed to make payment of any installment <br />of interest, principal, or principal and interest or any other sum secured <br />hereby when due; or <br /> <br />3 <br />
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