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<br />88- looi11 <br /> <br />(c) After paying the Items specified In subparagraph (b), If the sale Is by Trustee, or the proper court and other costs of foreclosure and sale If <br />the sale Is pursuant to judicial foreclosure, the proceeds of sale shall be applied In the order stated below to the payment of: <br />(1) Cost of an evidence of title procured In connection with such sale and of any revenue required to be paid; <br />(2) Attorneys fees; <br />(3) All sums then secured hereby and any liens having priority over this one; <br />(4) Junior trust deeds, mortgages, or other lienholders; and <br />(5) The remainder, If any, to tne person or persons legally entitled thereto. <br /> <br />(d) If the Beneficiary of this Deed of Trust Is a bank as defined by Nebraska law, any statement contained In any other section of this deed <br />notwithstanding, The Beneficiary shall not be entitled to receive or take and debtor shall not be obligated to payor give: any confession of <br />Judgment, power of attorney to confess judgment, power of attorney to appear for a borrower In a Judicial proceeding or agreement to pay the <br />costs of collection or the attorneys' fees, unless such acts of collection would not otherwise be prohibited by Nebraska law, provided, however, <br />that this section does not apply to the Trustee fee referred to in paragraph 6 (b), provided further, that this paragraph shall not apply to this Deed <br />of Trust, If the Beneficiary Is not a bank. <br /> <br />(12) Additional Security Inatrumanta. Trustor, at Its expense, will execute and deliver to the Beneficiary, promptiy upon demand, such security <br />Instruments as may be required by Beneficiary, In form and substance satisfactory to Beneficiary, covering any of the Property conveyed by this <br />Deed of Trust, which security Instruments shall be additional security for Trustor's faithful performance of all of the'terms, convenants and con. <br />dltlons of this Deed of Trust, the promissory notes secured hereby, and any other security Instruments executed in connection with this transac. <br />tlon. Such Instruments 'shall be recorded or filed at Trustor's expense. <br /> <br />(13) Appolntmant of SUccellor Truatee. Beneficiary may, from time to time, by a written instrument executed and acknowledged by <br />Beneficiary, mailed to Trustor and recorded In the county or counties in which the Property is located and by otherwise complying with the <br />provisions of the applicable laws of the State of Nebraska substitute a successor or successors to the Trustee named herein or acting hereun. <br />der. <br /> <br />(14) Inapactlcma. Beneficiary, or its agents, representatives or workmen, are authorized to enter at any reasonable time upon or In any part of <br />the Property for the purpose of Inspecting the same and for the purpose of performing any of the acts it Is authorized to perform under the terms <br />of the Deed of Trust. <br /> <br />(15) Option to Foraclosure. Upon the occurrence of any default hereunder, Beneficiary shall have the option to foreclose this Deed of Trust in <br />the manner provided by law for the foreclosure of mortgages on real property. <br /> <br />(16) Forebearance by Beneficiary or Trustee Not. Waiver. Any forebearance by Beneficiary or Trustee In exercising any right or remedy <br />hereunder, or otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy. Likewise, the <br />waiver by Beneficiary or Trustee of any default of Trustor under this Deed of Trust shall not be deemed to be a waiver of any other or similar <br />defaults Subsllquently occurlng. ' <br /> <br />(17) Truator Not Releaaeel. Extension of the time for payment or modification or amortization of the sums secured by this Deed of Trust gran. <br />ted by Beneficiary to any successor In interest of Trustor shall not operate to release, In any manner, the liability of the original Trustor and <br />Trustor's successor In Interest. Beneficiary shall not be required to commence proceedings against such successor or refuse to extend time for <br />payment or otherwise modify amortization of the sums secured by this Deed of Trust by reason of any demand made by the original Trustor and <br />Trustor's successor in interest. <br /> <br />(18) Beneficiary's Powera. Without affecting the liability of the Trustor or any other person liable for the payment of any Obligation herein men. <br />tloned, and without affecting the lien or charge of this Deed of Trust upon any portion of the property not then or theretofore released as security <br />for the full amount of all unpaid obligations, beneficiary may, from time to time and without notice, (I) release any person so liable, (II) extend the <br />maturity or alter any of the terms of any such obligations, (Iii) grant other Indulgences, (iv) release or reconvey, or cause to be released or recon. <br />veyed at any time at Beneficiary's options any parcel, portion or all of the Property, (v) take or release any other or additional security for any <br />obligation herein mentioned, or (vi) make compositions or other arrangements with debtors In relation thereto. <br /> <br />(19) Reconveyance by Trustee. Upon written request of Beneficiary stating that all sums secured hereby have been paid, and upon surrender of <br />this Deed of Trust and the Note to Trustee for cancellation and retention and upon payment by Trustor of Trustee's fees, Trustee shall reconvey <br />to Trustor, or the person or persons legally entitled thereto, without warranty, any portion of the Property then held hereunder. The recitals In <br />such reconveyance of any matters or facts shall be conclusive proof of the truthfulness thereof. The grantee In any reconveyance may be <br />described as "the person or persons legally entitled thereto". <br /> <br />(20) N<:itlces. Except for any notices, demands, requests, or other communications required under applicable law to be given In another man. <br />ner, whenever Beneficiary, Trustor, or Trustee gives or serves any notice (including, without limitation, notice of default and notice of sale), <br />d9mands, requests or other communication with respect to this Deed of Trust, each such notice, demand, request or other communication shall <br />be In writing and shall be effective only if the same is delivered by personal service or mailed by certified mail, postage prepaid, return receipt <br />requested, addressed to the address as set forth at the beginning ot tnls Deed of Trust. Trustor hereby requests that a copy of any notice of <br />default, any notice of sale, required or permitted to be given the Trustor hereunder, be mailed to it at the address set forth at the beginning of this <br />Deed of Trust. Any party may at any time change Its address for such notices by delivering or mailing to the other parties hereto, as aforesaid, a <br />notice of such change. Any notice hereunder shall be deemed to have been given to Trustor or Beneficiary, when given In the manner designated <br />herein. <br /> <br />(21) Governing Lew. This Deed of Trust shall be governed by the laws of the State of Nebraska. <br /> <br />(22) Succnaon enCl Assigns. This Deed of Trust and all terms, conditions and Obligations herein apply to and inure to the benefit of and bind <br />all parties hereto, their heirs, legatees, devisees, personal representatives, successors and assigns. The term "Beneficiary" shall mean the <br />owner and holder of the Note. whether or not named as Beneficiary herein. <br /> <br />(23) Joint and Several Liability. All covenants and agreements of Trustor shall be joint and several. <br /> <br />(24) Severability. In the event anyone or more of the provisions contained In this Deed of Trust, or the Note or any other security Instrument <br />given In connection with this transaction shall for any reason be held to be invalid, Illegal or unenforceable In any respect, such Invalidity, <br />illegality, or unenforceability shall, at the option of Beneficiary, not affect any other provision of this Deed of Trust, but thIs Deed of Trust shall <br />be construed as If such invalid, Illegal, or unenforceable prOVision had never been contained herein or therein. If the lien 01 this Daed of Trust Is <br />Invalid or unenforceable as to any pan 01 the debt, or If the lien Is invalid or unenforceable as to any part of the Property, the unsecured or par- <br />tially secured portion of the debt shall be completely paid prior to the payment of the remaining and secured or partially secured portion of the <br />debt, and all payments made on the debt, whether voluntary or u.nder foreclosure or other enforcement action or procedure, shall be considered <br />to have been first paid on and applied to the full payment of that r,ortlon of the debt which Is not secured or not fully secured by the lien of this <br />Deed of Trust. <br /> <br />(25) Number and Gender; Captions. Whenever used herein, the singular number shall include the plural, the plural, the singular, and the use of <br />any gender shall be applicable to all genders. The captions and headings of the paragraphs of this Deed of Trust are for convenience only and <br />are not to be used to Interpret or define the provisions hereof. <br /> <br />(26) Acceptence by Trust... Trustee accepts this Trust when this Deed of Trust, duly executed and acknowledged, Is made a public record as <br />provided by law. <br /> <br />r-- <br /> <br />L <br /> <br />.. <br /> <br />( <br /> <br />L <br />