<br />, .
<br />
<br />200611517
<br />
<br />appear, and will deliver the policy or policies of insurance, accompanied by premium receipts to the Beneficiary
<br />hereunder, as further security for the indebtedness aforesaid. And in case of the refusal or neglect of Trustor to thus
<br />insure and deliver such policies of insurance or to pay such taxes or assessments, then the holder of said Deed of Trust
<br />Note may procure such insurance, or pay such taxes or assessments, and all moneys thus paid, with interest thereon at
<br />16.000 percent per annum, shall become so much additional indebtedness, secured by this Deed of Trust, and shall be
<br />paid out of the proceeds of the sale of the lands and premises aforesaid, if not otherwise paid by said Trustor.
<br />
<br />Each party to this Trust Deed requests that a copy of any notice of default and a copy of any notice of sale hereunder be
<br />mailed to each such party at the address set forth herein, as provided by the Nebraska Trust Deeds Act.
<br />
<br />And in the event of the foreclosure of this Deed of Trust, Trustor covenants and agrees to pay the cost of extending the
<br />abstract of title or obtaining a certificate of title from the date of recording this Deed of Trust to the date of filing suit,
<br />and upon failure of said party to do so, all money so advanced by Trustee shall bear interest at the rate of 16.000 percent
<br />per annum and shall be secured by this indenture. In addition, Trustor agrees to pay a reasonable attorney's fee for the
<br />prosecution of a foreclosure action, which shall be added to the principal balance at the time a foreclosure decree is
<br />entered or shall be paid by the Trustor if Trustee agrees that the default may be cured after the institution of a foreclosure
<br />suit.
<br />
<br />And in the event Trustee sells the Property by exercise of power of sale, Trustee shall be entitled to apply any sale
<br />proceeds first to payment of all costs and expenses of exercising power of sale, including all Trustee's fees, and Lender's
<br />and Trustee's attorney I s fees actually incurred to the extent permitted by applicable law. In the event Borrower or
<br />Trustor exercises any right provided by law to cure an Event of Default, Lender shall be entitled to recover from Trustor
<br />all costs and expenses actually incurred as a result of Trustor's default, including, without limitation, all Trustee's and
<br />attorney's fees, to the extent permitted by applicable law. Such costs shall be added to the principal sum due hereunder
<br />and draw interest at the default rate of 16.000 percent per annum.
<br />
<br />The Trustee shall have the right to release with or without consideration or credit on the indebtedness hereby secured, any
<br />part of the property herein described by adequate legal instrument without regard to the existence of any junior
<br />encumbrance and without the consent of such junior encumbrancer, and such release shall have no further effect upon the
<br />rank, lien or estate conveyed hereby or against the Trustee than is therein expressed.
<br />
<br />Beneficiary may at any time and from time to time appoint a successor Trustee by filing for record in each county where
<br />the trust property or part thereof is located a notice of Substitution of Trustee.
<br />
<br />Trustor also agrees that in the event the mortgaged premises, or any portion thereof, or any interest therein, are sold,
<br />mortgaged or conveyed or become subject to an agreement to sell, mortgage or convey prior to the time this loan shall
<br />have been paid in full, then the entire indebtedness shall become immediately due and payable at the option of the
<br />Beneficiary. A sale, assignment or transfer in any manner whatsoever of 10% or more of the capital stock of the grantor
<br />corporation shall be equivalent to a sale or conveyance of the security or an interest therein, and in that event Beneficiary
<br />shall have the option to accelerate the debt, declare the entire loan balance due and enforce collection of same, including
<br />foreclosure of the Deed of Trust lien.
<br />
<br />That if the property, or any part thereof, be condemned under any power of eminent domain, or acquired for public use,
<br />the damages, proceeds, and the consideration for such acquisition, to the extent of the full amount of indebtedness upon
<br />this Trust Deed and the Deed of Trust Note secured hereby remaining unpaid are hereby assigned by Trustor to the
<br />holder of said Deed of Trust Note and Trust Deed and shall be paid forthwith to said holder to be applied by it firstly to
<br />the payment of any expenses said holder may incur in the condemnation proceeding, and secondly on the indebtedness
<br />
<br />4
<br />
<br />J;i
<br />
|