|
<br />~;
<br />
<br />I
<br />
<br />,~ f;'i{'. ", 88-t00180
<br />and w~Mt.lJeA,.U lhitt1be Immediately due and pavable by Truslor and shall 18. Dutl.. and ObUgutlonl at Trul!8I. (a) The dulles and obUgallona 01 TrUlt"
<br />bel; Inllrls; at the ~a.lmum allowable legll rate; provIded. howevet, that at th, ahall b, d.t.rmlnld 10lely bV Ihe exprul provlllonl of (hi TrUll DHd end Trual..
<br />option of Benlflclarv'or TrulIl.I such lums may be addld 10 the principal ba'anc, 'hili nol M lIabl' ,>>cupl 10' Ihe plrlo,mlnel of luch dulll' and Obllgltl0:11 I' I,.
<br />o. Inv Indebtedn,.. ..cured hlreby I.nd .han blar the ..me Int,r.., al luch IP.c;lflOllly ..1 forlh h,r,ln, Ind no Impll.d oov.n.n'l or obligation. thin 1M
<br />Indeblednlll and .!'tall be payable ratably O'i'lr the remaining Ilrm '''Ireot. Impoled upon TrUll,,: (b) No pro...I,lon 01 thllt Trult OlltCl I"'IU rlQulrl TrUll" 10
<br />..plnd or rllk hll own fundi. or oth,r...11I Incur Iny IInlnclll obllgltlon In lhe
<br />pertormancl ot Iny of II, dull.. h"lundlr, or In thl II.reIH 01 Inv 0' Ii. right or
<br />pOWlr., II II ahall have grounds for belle'i'lng that tM rlpayment of lueh fundi or
<br />adequate Indemnllv 8galns. suCh risk or lIablllly la not rNaonlbly ...urMllo It; (e)
<br />Trust" may consult wllh COllnsel of his own choosing and thl advice of IIUch
<br />couns.1 ,hall be full and complete authorization and protection In the r.specl 0'
<br />any action taken or suffered by II hereunder In good fanh and r.UancI lhenton; (eI)
<br />TrUltee shall nol be liable for any Action laken by him In good f,lth end
<br />believed by him to be authorized or ",Uhln lhe dlacretlon or right. of pow....
<br />confltred upon It by thll Truat Deed.
<br />
<br />I"
<br />
<br />10. AII.......I 01 111""1. aenellclary IIhall havo the righl. power and authority
<br />during the contlnuancl Jof this True' Deed to collBCllha rents. issues and profile of
<br />t.... Property and ot In}" ~rl5onal properly located thereon wllh or wllhoul taking
<br />poueaalon of the pr"perty a"ected hereby, and Trustor hereby absolutely and
<br />uncondlllonaUV ...Igna III .uch r.nts, Issues and proflls to BenefiCiary.
<br />Beneficiary, however, hereby conunls to the Trustor's collecUoo and relenllon of
<br />I14.1Ch rentl, IlIutl and prom. .. tMY accrue and become payable so long as
<br />Trultor I. not, II luch Ilmel, In defaull with respect 10 paymenl of any
<br />IncMtled"", HCurld Mrebv Dr In Ih. performance at any agreement hereunder.
<br />Upon any luch dellull. Beneficiary may.t .ny lime. IIIr\er In person, by Ig8nt, or by
<br />. recelvsr 10 be appointed by . court, wlthoul nollce and withoul regild to lhe
<br />adequICV of any Meurlly fOl I.... Indebtedn,.. hereby IICUflKf. (a) enler upon and
<br />..... poIMlllon 0' lIMo Properly or .ny perl '1Mo'101, .nd In It, own n.m. su. 'or or
<br />olhalwlM collie. .uch r",'", I....., .nd profits, Including lho.. pili duo .nd
<br />unpafd, and apply the .Ime, I.a. COil. and ..penses of operalion and collectlon,
<br />Including r'lIOMbte attorney f.... upon any 'ndebtadnasa secured hereby. Ind In
<br />auch onl., .. Benetlclary may detlrmln'; (b) perform such Icta of repair or
<br />prolectkm II may be nee....rt or proper to conserve lhe value ollhe Property; (C)
<br />..... the AmI' Of any pari thereof for luch ranlal. term, and upo... such condition I
<br />.. Itl Judgement may dictate. Unfa.. Tru.lor and Beneficiary agree otherwl.1 In
<br />writing, .ny .ppllcallon of flnl.. IlIula or protlls to .ny Indebtedness secured
<br />herebW- ahall nol ..I,nd or poItpone lhe due date ot the Inslallment plyments .1
<br />~OW'kItd In Mid promll.ory not. 01 chlnge Ihe amount of such Install men's. ThIi
<br />tnlll'lng upon and laking pollelslon of lhe Properly. the colleclion 0' such rents.
<br />Juutl and profll., and the application tl\ereof as aforesaid, shill not waive 01 cur.
<br />any dlflutl or noUCI 01 del.ull hereunder, or Invalidale any acl done purluanllo
<br />MICh notice. TrultOf allO a..lgnl 10 aeneficlary, a. turther security for lhe
<br />performance of the obllglUona l8Cured hereby, all prepaid rsnts and an monlel
<br />which may hav. bien or may her.lfI.r be deposiled with said Trustor by any la....
<br />0' tM Property, to .-cUll the payment 01 any rent Ind upon delaull In lhe
<br />performancI of Int 0' lhe provlllonl hereof, Trustor agrHs 10 deliver such rents
<br />and dIpo'". to lIMo 81nal/cl.ry, Dailyif)' 01 wrillen notice 01 tlMo Benellci.ry's
<br />.....cl.. 0' IhI rights gr.nled Mr.ln. to Iny lenlnt occupying Illd premise. Ihlll
<br />be au"5c1tn1 to require Hid lenlnt 10 pay Illd renl to the Beneficilry until funher
<br />notlcl.
<br />
<br />11. '--.......... Wllhln 10 dQ,. .ltll dIm.nd. Tru..or .halllurnllh to Tru...
<br />. _II c:artlllad 10 ... lrue. .tt1"l1 lorth .11 1M_ 01 lpace In the TrUll
<br />PropMtr tIIIrt In e"acl. Inciudlng. In NCh c.... the neme of I.... tlnantl and
<br />_II, . -..pIlon 011""_" occ~plld bJ ouch I_nt .nd occupanl. tlMo
<br />_ pey_ lor _ IpICI and ouch OIher Inrormallon and dOCUrMnt. wllh
<br />_110_ _ and I_1M ..lIMo Tru... ma, IICI.....,
<br />
<br />W_I l1li pIlor wrll"" con_I 01 TlUlt.. Tru.lor alIall not. dlraclly or
<br />1rldItIe!/J. willi _110 111, _ 01 IpICI In lIMo _rlbld proml_. whellMor
<br />_ _II _ or _It II In ..1.1_ (I) accapl or parmll .n, pr_,rMnl.
<br />_ or _..... r"'l peyabllllMor...-; (b) CIJICII or IlImlnat. lIMo ....... or
<br />-' _ _lallon. lannlrlallon or ....._ IlMoreo!, or PMOflIll' _110
<br />__-.IcI..IIII.IIII_lIlar.._IO IIImlnal. or _lhI......; (C)
<br />_ or _Iy lIMo ..... 10 .. 10 _ lIMo 111m IIMor...I. lIMo r...t.1 PI'-
<br />___, or.o __ _ _II pr_.llMoreln conlll_; (d)..... .n,
<br />...._ _ or ~ 1_; (.) gl.. 111, con_I. ..._ or _"".1
<br />_ or _ ..., _ lCliOn In con_lion 11Mor_lIh. or wllh . _
<br />__, _ would 1Mo" lIMo a1'acl ollmpalrlng lIMo y.lue ollll...,..lnlll.1
<br />_. ...l1li "'-" ........llIlar.IO. or ollmpalrlng lIMo ~11on or InlllMI
<br />ol IIla T/III'" or _1cIary; or III Mil. Ullgn. plldge. "*'_ or OIhalwlM
<br />"",-ol, or""""""', I.. "'_I '" lilY ouch _ or 111, r"'ll, _or prom.
<br />.........orlllllng _.
<br />
<br />12. C' -.lIl11l1lo...y pelt olllll Pr-'1 alIall"'IIII...ln condImnallon
<br />" I r...... rtgIll ol ....I'*'I __ or _liar acllon. 6t IhaII ... IOId .-
<br />IIlNIl ol _lion, III ........ __ and prGClld. III IMorIllJ UIIg_
<br />_ _ .. paid 10 ~ _ _ appIJ _ .01...... __ _
<br />"-10 1Ila_ _"'l1li TRIIlIIMd, willi lhI.._ II ...,. paid 10 lIMo
<br />T_. T_ wlIl-'IJ, _ willi _ d11'-. rapIIr...... _ _ION lIMo
<br />__ pari ollhl Truel "-" 10 II. lor,,* _Ion -1aIIJ 10 I'"
<br />_ ...1Ila..... _"1IuIllII and 1O..lo_.c....,aoII__
<br />-.
<br />la. .....-l/llOlI_1 ol T_.IllllltcIely..1 ~ option,
<br />"'10 ._........ ollhl PropMtr 10 IIla TIUIIOr. _IIIIU Iul_ ...........10
<br />..T_.IlloIlIul...__ _ ~ __ _.._..._
<br />TnIII DI-' _ ___ ... ...-r _ IWIng _ _ _ ...
<br />_ IlINIlr. __ \llal .. 110 _ _ IIla _ ............. 1\It...
<br />-...-. .. -..... _ _ 10 ~ IIla -.. _ _
<br />................Iol..............__....,..
<br />M. ...............AII.-. __....... TIUII DMd...___
<br />............,_.......-._IllIITIUII DMd._.,_or
<br />.................... ~....... ..~...III.1lI . ..q.
<br />
<br />L
<br />
<br />.. . . .. _ ........... Upon ...._ ... T_1n lhI...-1 ol...,
<br />~ fIll If dH _....,. or In lhe ..,10...__ ol...,...-_,
<br />.........-....... - --....,. -..., - -...,.....
<br />...... .. T...... ol _ _ ol ...._. TIll T/IIIIII ..... _ lhI
<br />_ ol_ ol.. "-" .... II ..........., _lhI PropMtr 10.. -. II
<br />.....___T_....TNltDMd......~___.
<br />.......... ............ _ ....,., _ ..... _ 10 True.... a _l1li
<br />_.. _.... _Ion 10 _lhe l'rOI*tJ 10.. _, _lhI T.......1n
<br />_............ a......... _In lhI_................, _ _.. CIuIJ
<br />....._...T_....
<br />lit AIlIr IIla '- ol _ 1_ . may ... requI/Id ... IIw IolIowIng lIMo _
<br />_ ol_ nol.... ol......II. _ nol.... of ......11_ _ ol_ hiving
<br />_..... M .......... ... .... T~ wl_l_ ... T/IIIIor, ..... MIl
<br />........"...1Ila _ and..IIla...... _ ~ .........1IlI1n _ nollCll ol
<br />-. .. ,... _Ion 10 l1li ........ _. lhe __ "..,. ...,_ In
<br />_ -... ol \IleUnl1lll_ ..lhIl..... ol_ TIlI_ _ling
<br />1Ila__. ..__..._....-.1. -'-lhI_I"""I_
<br />lo_llIIItI"_..__-,In-.-~nol....ol_'-
<br />_ _........... "** __ -.of... _ _ .llhI_
<br />.... .... 1M. ~ .. IIla __ ""......" " lhI .. II _1jlOllId for
<br />__ -111..., __ I"''''' .......... In lhI nac.... ol -. _
<br />.......... ..........l1li__ Mlhe.......... nol....ol_
<br />T_"'" _ _ _ ..1Ila.....- ilia DMd -"" lhI
<br />"-" -. ....._..., _ . ........." _ ........... TIMo
<br />_In IIla DMd ol..., ___. _. _.. __ pnIol ollhe
<br />1nItIlIuIlIMI......"", _..-.~, _ __......
<br />...
<br />... _T_lIa....-' ..1Ila__,lhIT__.,.,;/le
<br />..- ol.. _.. __ ol"_ _ _ol.........lhe
<br />_.. _.... ollila -. -",lhe __ ollhe T_._
<br />...... -... so_ .L:J ,. ol.... _....... _ _ so
<br />......... - "rr .......tct.....-...-
<br />lit _....... ........__ III -+, ............ II l1li_"" T-. Of
<br />.._-....--ol-------IIIIla_..-'
<br />. ..)IldIaIII--..a. ....-..-.......__....-_
<br />.......-01:
<br />" CIII.....,..-oltllll--'IIl--._IllOIl__ol
<br />.., -........
<br />.. AII____IMorIlly.
<br />... TIlI_,"..."Io...._...,..m..._..o.
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<br />
<br />17. AclcIItJonallecurtty InetNrnenla. Trultor, ., 1I1..pen.., will ..ecut. and deliver
<br />10 thl Trusl.., PfOmptly upon demand, luch MCurlty In.trumenll ., may be
<br />rlqulrld by Trul..ln 'o,m .nd subll.nc. 1I1I,'octory 10 Tru.I.. _1"0 .n~ 0'
<br />lIMo Properly cony.yld by Ihll TrUll DMd. which MCurll~ Inllrumenl. alIall ..
<br />oddlllon.1 ..curlly lor Trullor',I.llhful parlorm.ne. 0'.11 0' lIMo I.""a, CO'tInInl.
<br />and condlllon. 01 Ihl, TrUll DMd, lIMo promlsaory nol.. _urlll herIIly, .nd lilY
<br />other MCurlty In.crumlnll .xeculed In connecllon with Ihll IIanaacUon. Such
<br />In.trumentl lhall be rf'/Cordad Or flied, Ind r.,lCOfded and rarued. a' Truator-.
<br />ellptnH.
<br />
<br />11.11_.
<br />
<br />(a) In the Ivent anyone or more ot 1M provlslonl conlllMd In Ihll Trult Deed Of
<br />.1Mo promlllOry not. 0' .n, 011Mo. _urllJ In.lrumenl glvan In con_lion willi
<br />Ihll uanllctlon Ihlll for any r..,on be held to be Invalid. Illegal or
<br />unanlorcoabll In .n, rllpac'. .uch Iny.IIdIIJ, 1l1ega1l1J, or u,*,'orCllbUlIJ
<br />Ihlll, at the option 01 Benlflclary, no' affecl Iny at...... prowlllon 01 thl. Trull
<br />DMd. 001 Ihl. TrUll DMd Ih.1I ... con.11UId .1 II aucIl Iny.IId, Illegal. 0/
<br />unenfOlcNble provlllon had never been contained hat.ln ~ thtfeln.
<br />
<br />(b) Thll TrUll Deed lhall be coni trued Iccordlng to lhe lawI ot the Stili of
<br />Nebr.....,
<br />
<br />(c) Thl. Trutt Deed Ihall Inull to .nd bind the hel,., IlQIt... devI....
<br />admlnl.trltorl, a..eculorl. lucce.lora anc:lultgM 0' IhI pan_ heralo.
<br />
<br />(d) Tru.lor 1ll.11 PI' .11 t.... 1..11d upon Ihl. Tru.1 DMd or lIMo dlblllCUrlll
<br />hereby, logather with .ny other t.... or ......ment. which may be levied
<br />agalnll the TrUll" or Benatlclary or thllega' holder of aald promluory nota
<br />on accounl of thllndeblldne..rddlnced thereby.
<br />
<br />(II WhanewtN' uMd herein, the singular number Ihall Include lhe plural, the
<br />Ilngul.,. lIMo u. 01 .n, gancllr lhalll>l.ppllcalllllo.1I ~. .nd lIMo I.....
<br />"8eneUelary" Ihalllnclude any pay.. of the Indeblldneu hefabr MCUred or
<br />Iny Iranltar thereof, whllher by operation of .a. or olherwl...
<br />
<br />la. SuccMsor TRIG..... Bln.llcllry may from lime to time RUbelllule. 'ucceUCM' or
<br />IUCCHlQfI to an1 Tru.t.. namad hlr.ln Of acUng "".uncJar 10 a..acute WI ,,.,
<br />Deed. Upon luch appointment .nd without conveyance 10 lhe I~ TNaI_
<br />lIMo IaUII ....11 ... _lad .lth .11 11111. _If.. .nd dullM conll//ad upon _
<br />Trult.. herein nameet or .cUng hI:>lUndlf. Eeeh luch appointment end
<br />IUllIlllullon alIall ... made II, wrlllln InalrurMnl bJ 8InaI!cIaoy, conllllllnll
<br />r_'erance 10 Ihll Tru.t 0Md and Itl pJece 0' record, whk:h when rKOr'tWIln ""
<br />"'Ilea 01 lIMo 1IIg1.I.r 01 DMd. 01 lIMo c:oo.nl, or c:oo.nllM In _ _ P<-'Y Ia
<br />Illueladlll.lt... conclully. prool 01 pr_ .ppolnlrMnl 01 lIMo _T/IIIIM.
<br />TIlII-'ng _ 01 aullItllullon .net lIMo prOCldura I_ON -.1 not ..
<br />..c....l.. 01 lIMo _ and proclClur. pr",,_ lor bJ law lor lIMo _lIlullon ol .
<br />Trua'" or Tru.I_ln lIMo pilei 01 lIMo TrullM,
<br />
<br />
<br />20, F_ ., -.cII/y .. T_III _ . W_. An, I_.nca ...
<br />BeneIlCllry or Trual.. In ,..relllng Iny rlghl or remedy I'MIreundef. or ot,*-,..
<br />.Uor_ by ~_I... .hall nol... . 0111_ 0' or prac:1_the ..orclM 0'_
<br />rlghl or r-, 1Mor.._. U....IM. lIMo .._ ... _Iclary or Tru.IM 01 _
<br />daI..1t 0' Tru.lor u_lhl. Tru.1 DMd alIall nol.. _10". w_ ol...,
<br />0lhII 01""'11.. dlllOIIl.IUbMq,*,11y occurrlng,
<br />
<br />21. T_ _ _ &1_ olllMo I..... lor peynwlI or modlllclllon or
<br />_"'11011 olllMo 1U....llCUrad bJ IIlIa Trull DMd ll"lIIlad'" _'lclary 10_
<br />_ '" "'_I ol TNltor IhaII not _... 10 -. In _ _, lhI
<br />_Illy 01 lIMo original Trualor or Trualor'. _ In In_I. IIIIIItcWJ -.,
<br />nol" ~I/Id 10 __....-- .nal_ _ or _ SO
<br />.._I_'or ...,_1 or_~ _....Ion ollhl....... _...
<br />_TIUIIDMd..._ol...,__...lhI..........T__T/IIIlor'.
<br />_In In_
<br />
<br />II.IIIIIaIL II _ _... ~ _ _ DMd ol TRIll or _..., ""'"
<br />-...... lIlII-...y _ _ _....-. .... .... _11...... ....
<br />_ __II__ollhl--, In """'" _-._
<br />_ .11'" ......" rail conI_in lhI_ _ ....,. "-lIlII_ ol
<br />lhI_orper-I.IhaII"'_IOIIMo~ Jill f __"'_TIUII
<br />DMd _ _ ..coIllelad_ .1..., I_.....lhe _ ol___
<br />._1.__..._10..._....,..
<br />
<br />23. o,-."F_ Upon lIMo occur..... 01...,...._ _, ~
<br />....N _lIMo opllon 10 'orac_IhlI Truel DMd In I'" _ pIOWIdad... .....
<br />....__ol__onr..pr-'J.
<br />
<br />2., T_. ....... _ lIIIIOIII. Unlll .n, daI..11 In lIMo per-I of
<br />l_hlrlllJ _urlllor unlllllMobrMChol__I_ftconlll_.
<br />lIMo Trualor. II. IUCCMIOfI and ....ll"'1, alIall_ and I/lJoy lIMo pr-'1, and
<br />_lIMo r..... and prollt.I_/01Il, Upon per-I ol.N _ ...../Id ",lhItI
<br />T/UlI_. _1clAry alIall '_I Truel_IO _1M pr~ __
<br />IUfr_lhII Tru.I_.nd.1I no... _Ing 1__ _urad",_
<br />TNIt DMd 10 TrueIM, TIUIIM alIall r_ .1Mo ~ wllhoul Wl//I/IIJ _
<br />_. charlll '0 I'" _ IagaIIJ ..III.... 1_0. TIll Gr_ In ...,
<br />__..... ma, .. -.._ .. ..lhI....1OII or _ ....1I1ad _0," _
<br />.... roeU.I. I_n 01 .ny ....11... Of lacl. alIall ... _.... proof 01 lhI
<br />IMhlulnMI 1.....101, SUCh....aon Of...._ ohIIlpe,Ill_..ol_ng, "_.
<br />
<br />25, . . _.. "1_1 ol T/lMIer.ln lIMo _I lIMo 1111110 Ilk! r.III....I.
<br />Irena'",_, or contracted to be tranaf.red, from 1l'1li undlqlgMd for.n, reuon Of
<br />... _ n"II""'_'_, lIMo ...lIr. prlnclpel aurn _ICCIUICI Inllllll -.1 ..
<br />_"'01IlI_ and PlY- .1 lIMo ....11on olllMo _!clely. Flllura 10"_
<br />_ opIlon _. 01 lI.n.rll 01 mil .. _ ...Iad lit OIIIlna...- -.1 nol
<br />_"ute. w_ '" the rlghllo PIICIMIIMo ......In lIMo _I ol_...........
<br />_.
<br />
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<br />
<br />. TNI_ oll/Ullle junior 10 _ dllad
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<br />......... . prlftclpII ...... 'or
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<br />___"_wllh""'"",,lal. 01 DMdI_ _11II1II.'''"'''"=
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