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200610688
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12/1/2006 4:18:12 PM
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12/1/2006 4:18:11 PM
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DEEDS
Inst Number
200610688
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<br />200610688 <br /> <br />b. Payment of all sums advanced by Beneficiary to protect the Trust Estate, with interest <br />thereon at the rate of ten (10%) percent per annum (default rate). <br /> <br />This Deed of Trust, the Note, and any other instrument given to evidence or further secure the <br />payment and performance of any obligation secured hereby are referred to collectively as the <br />"Loan Instruments". <br /> <br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST: <br /> <br />I. PAYMENT OF INDEBTEDNESS. Trustor shall pay when due the principal of, and <br />the interest on, the indebtedness evidenced by the Note, charges, fees and all other sums as <br />provided in the Loan Instruments. <br /> <br />2. REAL ESTATE TAXES. Trustor shall pay the annual real estate taxes to the Hall <br />County Treasurer before the taxes become delinquent and shall furnish tax receipts to <br />Beneficiary on or before May 1 and September 1 each year. <br /> <br />3. ACTIONS AFFECTING TRUST ESTATE. Trustor shall appear in and contest any <br />action or proceeding purporting to affect the security hereof or the rights or powers of <br />Beneficiary or Trustee, and shall pay all costs and expenses, including cost of evidence of title <br />and attorney's fees, in any such action or proceeding in which Beneficiary or Trustee may <br />appear. Should Trustor fail to make any payment or to do any act as and in the manner <br />provided in any of the Loan Instruments, Beneficiary and/or Trustee, each in its own <br />discretion, without obligation, may make or do the same in such manner and to such extent as <br />either may deem necessary to protect the security hereof. Trustor shall, immediately upon <br />demand therefore by Beneficiary, pay all costs and expenses incurred by Beneficiary in <br />connection with the exercise by Beneficiary of the foregoing rights, including, without limitation, <br />costs of evidence of title, court costs, appraisals, surveys and attorney's fees. Any such costs <br />and expenses not paid within ten (10) days of written demand shall draw interest at the default <br />rate provided in the Note. <br /> <br />4. EMINENT DOMAIN. Should the Trust Estate, or any part thereof or interest therein, <br />be taken or damaged by reason of any public improvement or condemnation proceeding, or in <br />any other manner including deed in lieu of Condemnation ("Condemnation"), or should Trustor <br />receive any notice or other information regarding such proceeding, Trustor shall give prompt <br />written notice thereof to Beneficiary. Beneficiary shall be entitled to all compensation and <br />condemnation awards and other payments or relief therefore, and shall be entitled to make <br />any compromise or settlement in connection with such taking or damage. All such <br />compensation and condemnation, awards, damages, rights of action and proceeds awarded <br />to Trustor (the "Proceeds") are hereby assigned to Beneficiary; and Trustor agrees to execute <br />such further assignments of the Proceeds as Beneficiary or Trustee may require. <br /> <br />5. APPOINTMENT OF SUCCESSOR TRUSTEE. Beneficiary may, from time to time, <br />by a written instrument executed and acknowledged by Beneficiary, mailed to Trustor and <br />recorded in the County in which the Trust Estate is located and by otherwise complying with <br />the provisions of the applicable law of the State of Nebraska substitute a successor or <br />successors to the Trustee named herein or acting hereunder. <br /> <br />6. SUCCESSORS AND ASSIGNS. This Deed of Trust applies to, inures to the benefit <br />of and binds all parties hereto, their heirs, legatees, devisees, personal representatives, <br />successors and assigns. The term "Beneficiary" shall mean the owner and holder of the Note, <br />whether or not named as Beneficiary herein. <br /> <br />7. INSPECTIONS. Beneficiary, or his agents, representatives or workmen, are <br />authorized to enter at any reasonable time upon or in any part of the Trust Estate for the <br />purpose of inspecting the same and for the purpose of performing any of the acts it is <br />authorized to perform under the terms of any of the Loan Instruments. <br /> <br />8. EVENTS OF DEFAULT. Any of the following events shall be deemed an event of <br />default hereunder: <br /> <br />2 <br />
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