Laserfiche WebLink
<br />200610128 <br /> <br />(b) After deducting a1\ costs, fees and expenses of Trustee and of this Trust, including, but not <br />limited to, costs of evidence of title in connection with sale and a Trustee's fee not in excess <br />of .05% of the unpaid balance secured hereby or the sum of $750.00, whichever is greater, <br />Trustee shall apply the proceeds of sale to payment of: all sums expended under the terms <br />hereof, not then repaid, with accrued interest at the rate of 14% ~ annum; all other sums <br />then secured hereby and the remainder, if any, to the person or persons legally entitled <br />thereto. <br /> <br />(c) Trustee may postpone sale of all or any portion of the Trust Estate by public announcement <br />at such time and place of sale, and from time to time thereafter may postpone such sale by <br />public announcement at the time fixed by the preceding postponement or subsequently <br />noticed sale, and without further notice, except such as may be required by statute, make such <br />sale at the time fixed by the last postponement, or may, in its discretion, give a new notice <br />of sale. <br /> <br />14. Appointment of Receiver. Ifan event of default described in Section 11 of this Trust Deed shall <br />have OCCUlTed and be continuing, Beneficiary, as a matter of right and without notice to Trustor or anyone claiming under <br />Trustor, and without regard to the then value of the Trust Estate or the interest of Trustor therein, shall have the right to <br />apply to any court having jurisdiction to appoint a receiver or receivers of the Trust Estate, and Trustor hereby <br />ilTevocably consents to such appointment and waives notice of any application therefor. <br /> <br />] 5. Security Agreement. This agreement constitutes a Security Agreement under the Uniform <br />Commercial Code ofthe State of Nebraska (herein called the "Code") with respect to any part of the Property which may <br />or might now or hereafter be or be deemed to be personal property, fixtures, or property other than real estate (all for <br />the purposes of this Section 15 called "Collateral") and Trustor, as Debtor, hereby grants a security interest in the same <br />to the Beneficiary, as Secured Party; all of the terms, provisions, conditions, and agreements contained in this agreement <br />pertain and apply to the Collateral as fully and to the same extent as to any other property comprising the Property; and <br />the following provisions of this Section] 5 shall not limit the generality or applicability of any other provision of this <br />Trust Deed but shall be in addition thereto. <br /> <br />(a) In addition to any other remedies granted in this instrument to Beneficiary or Trustee, <br />Beneficiary, as Secured Party, may, in the event of any default, proceed under the Code as <br />to all or any part of the Collateral, including, without limitation, the right and power to sell, <br />at public or private sale or sales, or otherwise dispose ot~ lease or utilize the Collateral and <br />any part or parts thereof in any mal1l1er authorized or permitted under the Code after default <br />by a debtor, and to apply the proceeds thereof toward payment of any costs and expenses and <br />attorneys' fees and legal expenses thereby incurred by Secured Party, and toward payment <br />of the Debtor's obligations secured hereby including the Note and all other indebtedness <br />described above, in such order or manner as Secured Party may elect. <br /> <br />(b) The rights of Secured Party in the event of default shall include, without limitation, the right <br />to take possession of the Collateral and to enter upon any premises where same may be <br />situated for such purpose without being deemed guilty of trespass and without liability for <br />damages thereby occasioned, and to take any action deemed necessary or appropriate or <br />desirable by Secured Party, at its option and in its discretion, to repair, refurbish or otherwise <br />prepare the Collateral for sale, lease, or other use or disposition as herein authorized. <br /> <br />(c) To the extent permitted by law, Debtor expressly waives any notice of sale or other <br />disposition of the Collateral and any other rights or remedies of Debtor or fonnalities <br />prescribed by law relative to sale or disposition of the Collateral or exercise of any other right <br />or remedy of Secured Party existing after default hereunder; and to the extent any such notice <br />is required and call11ot be waived, Debtor agrees that if such notice is mailed, postage <br />prepaid, to Debtor at the address first shown herein at least five days before the time ofthe <br />sale or disposition, such notice shall be deemed reasonable and shall fully satisfy any <br />requirement for giving of said notice. <br /> <br />(d) Secured Party is expressly granted the right, at its option, to transfer at any time to itself or <br />to its nominee the Collateral, or any part thereof, and to receive the moneys, income, <br />proceeds or benefits attributable or accruing thereto and to hold the same as security for the <br />Debtor's obligations or to apply it on the principal and interest or other amounts owing on <br />any of the Debtor's obligations, whether or not then due, first to incidental expense paid by <br />Secured Party on behalf of Debtor, then to accrued interest on the Note, and the balance (if <br />any) to principal ofthe Note. All rights to marshaling of assets of Debtor, including any such <br />right with respect to the Collateral, are hereby waived. <br /> <br />(e) All recitals in any instrument of assignment or any other instrument executed by Secured <br />Party incident to sale, transfer, assignment, lease or other disposition or utilization of the <br />Collateral or any part thereof hereunder shall be full proof of the matters stated therein and <br />no other proof shall be requisite to establish full legal propriety of the sale or other action <br />taken by Secured Party or of any fact, condition or thing incident thereto and all prerequisites <br />of such sale or other action or of any fact, condition or thing incident thereto shall be <br />presumed conclusively to have been performed or to have OCCUlTed. <br /> <br />(f) Secured Party may require Debtor to assemble the Collateral and make it available to <br />Secured Party at a place to be designated by Secured Party that is reasonably convenient to <br />both parties. All expenses of retaking, holding, preparing for sale, lease or other use or <br />disposition, selling, leasing or otherwise using or disposing of the Collateral and the like <br />which are incurred or paid by Secured Party as authorized or permitted hereunder, including <br />also all attorneys' fees, legal expenses and costs, shall be added to the Debtor's obligations <br />and Debtor shall be liable therefor. <br /> <br />16. Remedies Not Exclusive. Trustee and Beneficiary, and each of them, shall be entitled to enforce <br />payment and performance of any indebtedness or obligation secured hereby and to exercise all rights and powers under <br />this Trust Deed or under any Loan Instrument or other agreement or any laws now or hereafter in force, notwithstanding <br />some or all ofthe such indebtedness and obligations secured hereby may now or hereafter be otherwise secured, whether <br />by mortgage, trust deed, pledge, lien, assignment or otherwise. <br />