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<br />]1..11'1 . 30 . 2006 10 : 15A~1
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<br />MCGRATH NORTH (402)341-0216
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<br />NO. 932
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<br />F' . 42./45
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<br />200606084
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<br />(e) Exemise all rights and rem~ies aVqjlable 10 It at law, in equity or under the Nebraska Trust Ofileds Act.
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<br />$. FOReCLOSURE BY POWER OF SALe. Should Benenciary elect to foreclose by exercise of the Power of Sala nerein
<br />cOl"ltalned, Beneficiary shall notify Trustee and shill deposit Witt': Trustee the Real estate Oowmenfs and suell receipts or oth~r evidence of
<br />expendituree made Bnd seoured heNbyas Trustee mey l'$ql.lir~.
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<br />(a) Upon receipt of sueh notice from Beneficiary, Trustee shall cause to be recorded, pUbliShed e~d delivered to Trulitor
<br />such Notice of Default and Notice of S8:e as then required by iawand by this Der;id of Trust TrUSlee shall, wlthol:t
<br />demand on Trustor. aftlir such time as may then I:le requirvd by law and after recordation of such Notice of ~efalJll a"ld
<br />aft&r Notice of SElie having be.n given as required by IIWI', selllh$ Trust Estate at the time and pIece of sale fix$d t;;~, it in
<br />such NotiCil of Sale, either es e whole. or in separate lots, parcels or :telTis ai Trustee shaH d6em expedient, and in is'uch
<br />order IS it may cetermil1e, at pu:,Hc auction to the highest bidder for cash in lawful money of the UI'lltAd States, or
<br />certlfltd ChllOk, payable at the tl"l"lEl of sale. Trustee shall deliver to sueh pllrchall!ler or purchasers t~ereof lts good end
<br />sufficlent trusl.e'5 deed conveying the prOplirfy so sold, but withOut any eoventmt Or warranty, express or implied, The
<br />recite Is in such deed of any matle" or meta shall be conclusive proof of the truthfulnl!l1iiS thereof. Any person, InerUdlr1g,
<br />v.1thOllt Hr't1illtlon, Trustor, Trustee or BenefiCitJry, may purchase at sllch sale, Trustor h~reby covenants 10 forever
<br />warrant arid d$fend the title of such purch8$er or purchaserii 01 any of the Trust Estate $0 convlJyed is if Trustor had
<br />conveyed lhe seme to such purchlssr(s) by general wl'lrl'anty deed.
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<br />(b) As may be permitted by law, after deducting all costs. fa9& and expenses of Trustee and of this Trust iricurred In
<br />connection With any such d.rau!t or ..ale or foreClosure or ell of th~m. including attorney's fee~ and costs 01 evidence cf
<br />title in CQnnlilclion with sale, !!lnd e TrU$tM'. fie, Trustee shall apply thi proceeds of safe to p<wment of; (i) all $\lnlS
<br />expended under the ttrms hereof, not than repaid. with accrued interest at the default rate of 12% per annum; and (il) the
<br />remainder, if any, to tl1e person or persone legelly entitled thereto. The Twstee's fee shall equal 5% of the Purohase
<br />Prl~ IS set fort" in the Purchese Agreement, p1.\m attorneys' fees incunrl' by the Trustee in eonnectior, with performing
<br />its duties under th~ Deed of Trust.
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<br />(C) Trustee may In the manner provided by law postpone sele 01 a!l Of tiny portion of tl1e Trust Estl!lte.
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<br />9. REMEDIES NOT EXCLUSIVE, Trustee and 6e"efiCiary, end eaeh of the!:1, shall be entltle(j to enforce payment and
<br />perfonTIance of any lnaebtsdnesi or obligations secured hereby and to exereise all rights and pow~~ under this Deed of Trust or under any
<br />Loe:'l h'!:9ttum0nt or other agreement or tiny lawe now or hereFlfter ir1 101"1...... notwithstanding some or all 01 Slolch inl:lebtectness l:'ll'l,"j
<br />obligaticns secured her'8by may now or nereafter 1)4. otherWll!l8 6ecu~d, whether by mortgaQG. deed of trust, pledge, lien. i:lssignmer:1 or
<br />otherwise. Naitl".er the acceptance of this Oeed of Tru$t nor it$ enforoamer\t, v.h'\ether by court action or pursuar1t to the power of -sale 01
<br />other powe"$ herein contained, shall prejudice or in any manner effect TrUSleljl'S or eel'ieflClary's rlQ~t to l'eaiizl!I upon or enforce i:lny olna(
<br />security I10W Of herwatter held by Trustee or a,n,nciary, it being agreed that Tll.lslee and Beneficiary, al1d each of them. shall bG entitled to
<br />~ntcrce this :)eed of Trul:lt and any other security now or hQresfter held by eenefieisl)' or Trustee in such order aM mariner as tr$Y or
<br />eitt1/ir of t~1em may in their ablolute discretion determine. No rlimedy herein eenferred \.Ipon or reserved to Trwstee or Bel,eficiary is
<br />Il'1tendsd to be exclusive of al1Y other rlfmlldy hwsin or by law provided or plllrmlttad, but each eMir bEt cumulatIve and shall be in et:lditror'l to
<br />eVery other remedy given hereunder or f'OW or hereafter exIstIng at law or in equity or by statute.
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<br />10. TRANSFER OF THE PROPERTY; ASSUMPTION. If all or any part of the Trust Estate or interest t'lerem is sold,
<br />transferred Or othgfWise conveyed by Trustor, including 8t1y trentfer by operation of law, wit:ncut Beneficia)!" prior written consent. such
<br />aotion give$ rise to I right of acceleratIon under tt,i, Deed of Trust or the Rellll Estate bocumems and Beneficiary may. at BereficiJ:lry'S
<br />OPtion. deelere ell sum$ seCured by tnilO Oeed of Truet to I>> immediately due and payable. or cause the Trustee to file a nOlce of dlllfault If
<br />ell $I,/ch $Jms .lrQ !'lot "aid within thirty (30) .:lays of nollee of ftCCt'lerlliion. 6eneficial)' shell have wzivad such option to acceleratp. if. prior
<br />to the sele, trl!lr!$fer or conveyance. BenefiCiary .nd th9 perso" to whom the proPQrty is to be sole 01' trentferrtd r41iilch sQree,,,er1t In writing
<br />lnilt the credit of suoh pellion is satisfactory to Senefici;aryJl1d that Ihe Interest payablo on the sums secured by this Deoo of TriJst shal! be
<br />at such rate as Bene1'ielery shllll reQUlis1. This provlalon shell not be construed a.Ii impOSing on Beneficiary an obiigstion or cjuty 1':;1 l'$elch
<br />such en IlgrlitMent or to give consent to ill !Sale, tranSfer or Qther CO!'lv@yance, and Beneflclery shaH havtil the nght to wtlhhcld aprrovA! for
<br />any reason"
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<br />11. REQUEST FOR NOTICE. Trustor hereby r,quests a copy of any notice of default or notice of safe hei'eunder be rr;ailid
<br />to it it the address set tonh in the first paragraph of thl$ Deed of TruEt.
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<br />12. RECONVEYANCe BY TRUSTf!l!. iJ~n siltisfaction of all of Trustor's Obligations under the Real E~state Documents.
<br />and upon written request of Beneficiary stating that all sums neurad hereby have been paid, anq upon surrender of thiS Deed 0'/ Trust to
<br />Trustee for eaneellation and upon paymal'lt by Trustor of Tru$tGQ's fees, Trustee shell reconV$Y to Trustor, 0( the person or per.sons llilgally
<br />entitied thC9reto, without wr,rr21nty, <<my portion of the Trust E$\ate then hl!lld hereunder. The recitals in SI.lc!1 reGonveyance of any matters or
<br />facts shell be COnclr.l$ivlll proof of the truthfulness tMrljQf, The grantee In sny reconViYln09 may be described as "the peroon or persoris
<br />legally GnlitJed thereto.'
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<br />13. NOTICES. Whenever Beneficiary, TI1J$tor or Trustee shllll desire to give or serve any notice, demand, requijst cr ot'1er
<br />communication wit" respect to thl$ O(jled of Tl\Jst, each such noUlOliI. oemand, request 0,' other communication shall be in writing and sharI
<br />be effective only if the same Is delivered by person. I service or melled by certified millil. postage prepaid. addressed to thIS i:ldjr$ss sot forth
<br />~t th9 beginnIng 01' this Deed of Trust or at allcn ot/'ler address as l!i party may designate for It~lf by notice to the other parties hereto gillen
<br />In like manner.
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<br />.3.
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