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<br />88-100035
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<br />4, As additional security, Trustor hereby gives to and confers upon Beneficiary the right, power and authority, during the continuance -
<br />of these Trusts to collect the rents, issues and profits of said property, reserving unto Trustor the right, prior to any default by Trustor
<br />in payment of any indebtedness secured hereby or in performance of any agreement hereunder, to collect and retain such rents, issues
<br />and profits as they become due and payable, Upon any such default, Beneficiary may at any time without notice, either in person, by
<br />agent, or by a receiver to be appointed by a court, and without regard to the adequacy of any security for the indebtedness hereby secured,
<br />enter upon and take possession of said property or any part thereof, in his own name sue for or otherwise collect such rents, issues and
<br />profits, including those past due and unpaid, and apply the same upon any indebtedness secured hereby, and in such order as Beneficiary
<br />may detemline. The entering upon and taking possession of said property, the collection of such rents, issues and profits and the application
<br />thereof os aforesaid, shall not cure or waive any default or notice of default hereunder or invalidate any act done pursuant to such notice,
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<br />5, Upon default by Trustor in the payment of any indebtedness secured hereby or in the performance of any ag.eement contained herein,
<br />all sums secured hereby shall immediately become due and payable at the option of the Beneficiary. In such event and upon written request
<br />of Beneficiary, Trustee shall sell the trust property, in accordance with the Nebraska Trust Deeds Act, at public auction to the highest
<br />bidder. Any person except Trustee may bid at Trustee's sale, Trustee shall apply the proceeds of the sale as follows: (1) to the expense
<br />of the sale, including a reasonable Trustee's fee; (2) to the obligation secured by this Deed of Trust; (3) the surplus, ifany, shall be distributed
<br />to the persons entitled thereto,
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<br />6, Trustee shall deliver to the purchaser at the sale its deed, without warranty, which shall convey to the purchaser the interest in
<br />the property which Trustor had or had the power to convey at the time of his execution of this Deed of Trust, and such as he may have
<br />acquired thereafter, Trustee's deed shall recite the facts showing that the sale was conducted in compliance with all the requirements
<br />of law and of this Deed of Trust, which recital shall be prima facie evidence of such compliance and conclusive evidence thereof in favor
<br />of bona fide purchasers and encumbrancers for value,
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<br />7. The power of sale conferred by this Deed of Trust is not an exclusive remedy; Beneficiary may cause this Deed of Trust to be foreclosed
<br />as a mortgage.
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<br />S, In the event of the death, incapacity, disability or resignation of Trustee, Beneficiary may appoint in writing a successor trustee,
<br />and upon the recording of such appointment in the mortgage records of the county in which this Deed of Trust is recorded, the successor
<br />trustee shall be vested with all powers of the original trustee, The trustee is not obliged to notify any party hereto of pending sale under
<br />any other Deed of Trust or of any action or proceeding in which Trustor, Trustee or Beneficiary shall be a party unless such action or
<br />proceeding is brought by the Trustee.
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<br />9. This Deed of Trust applies to, inures to the benefit of, and is binding not only on the parties hereto, but on their heirs, devisees,
<br />legatees, administrators, executors, successors and assigns. The term Beneficiary shall mean the holder and owner of the pote secured
<br />hereby, whether or not named as Beneficiary herein.
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<br />10. Request for Notice of Default or Notice of Sale. It is requested that a copy of any Notice of Default or Notice of Sale be mailed to
<br />each person who ;s named in this Trust Deed at the mailing address of such person as set out above.
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<br />NOTICE TO CONSUMER: 1. Do not sign this paper before you read it, 2. You are entitled to a copy
<br />of this paper. 3. You may prepay the unpaid balance at any time without penalty and may be entitled
<br />to receive a refund of unearned charges in accordance with law.
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<br />Signed this
<br />
<br />31
<br />
<br />day of
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<br />December , A.D, 19....82_.
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<br />On this 31 day of December . A,D" 19~, before me, the undersigned, a Notary Public, duly
<br />commissioned and qualified for and residing in said county, personally came Dona I d F Sonprman & Fmi 1 y
<br />Soderman. husband & wi fe to me known to be the identical person ~ whose name -5- affixed to the foregoing
<br />instrument as Trustor S and acknowledged the same to be thf>i r vol-
<br />untary act and deed,
<br />Witness my hand and Notarial Seal the day and year
<br />My Commission expires the ~ d
<br />of February ,19 91
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<br />STATE OF NEBRASKA
<br />Hall
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<br />COUNTY
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<br />aMI. IlTARY.stIlIt" .......
<br />SHERRI Y. WADON
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<br />STATE OF I
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<br />Entered in Numerical Index and filed for record in the office of the Register of Deeds of said county, the
<br />day of , 19_, at o'clock and
<br />minutes M" and duly recorded in Book _ of
<br />Mortgages page
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<br />Register of Deeds
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<br />991 E82 (NE)
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