|
<br />~1
<br />
<br />"
<br />
<br />and wlthO~U( de~.ni:1. _hall be Immedlal31y due 8vable by T ru8101 Inc) Shill
<br />be'~ Intereal litho mIXlmum allow,ble logll fa ovlded howOytll. Ih.t I' Ih,
<br />op1l0n 01 81nlllcllry or T1U81$O ~Udl lums may oe added 10 lhe prlnCIDII blllnCt
<br />of .ny Ina.bttdneu ucur.d hereby and shill but Hill 10m. Inlertl' .. IUCh
<br />Indoblodnellt and ,hili be ply.blG 'alably oyor the remaining hHm thll,ot
<br />
<br />I
<br />
<br />10. AlIl9nmen' of R.ntl. BenollClary shill have tho nohl, powor and authorlly
<br />dutlng the contlnuancB 101 this Trual Dood to collocllhn ronls. issues and proflte o~
<br />1M Provo,.y arv.J 01 any pereonal propeny located Ih~'80n with or wllhout laking
<br />po.....lon 01 the property aflecleo he~eby. and T'uslor horeby IbaoJuloly and
<br />uncoOlllllonllly aaalgna all lUch r8nll, issues and prall's to Benollel.,Y
<br />Ben.Ucllry, how.wer, hlreby coosenlllo Ihe Trustor's collection and retenUon 01
<br />auch renl., 'uuoa and proms .. Ihey accrue and become payabla 80 long 86
<br />Trullor II nOl, al .uch limn, In d.I8ull With lospOCI 10 paymonl 01 any
<br />IndetHednDn a~urlld hereby or In the performance of any agreoment horeundGr
<br />Upon any luch default, Benetlclary may at iny lime, 811ner In person. by agent. or by
<br />. f4~c.lv.r to ~ appointed by . coult, without notice and wlthoul reg.rd 10 tho
<br />adequacy Of any aKurUy lor 1h. Indebledn.ae hereby aecurod. II) enler upon Ind
<br />takl pOIII...lon 01 'hi Prop.rty or any part ttltlaol, and In III own n.me ,ue for or
<br />otherwl.. coUlet luch ronl., IIIU.I and protHa. including Ihose Pili dUI IInd
<br />unpal<1, and apply tM .ame, leBa C05t. and e,lpenses 01 operation and collection,
<br />InchJdlng .,,,oolbl, altorney ieea, upon eny Indobledoeu a6cured hereby. and In
<br />Quch order a. B.nellclary may d.termInG; lb) perform such acla 01 ,ep.ir or
<br />protKllon I' mly be neeeollry or proper 10 conserve Ihe value ollhe Properly; (C)
<br />"aM 1M eame or any pArt lherool for auch reolal. term, and upoo such conditions
<br />II lie Judgement may dlctat.. Unlen Trustor and Beneficiary agree otherwlae In
<br />WTltlog, any appllcaUon 01 rentll, Issues or p,oflts to any Indebtedness S8Culed
<br />hefeby lhall not exlend Of poslpone Ihe due date of Ihe Inslallment plymeols 86
<br />provided In .ald promissory note or change Ihe amount 01 such Installments The
<br />entorlog upon and laking possossion of Ihe Propetly. the collection 01 such lents.
<br />I..uea and prollts, and the application Iheroo' IS aloreuld, snail not waive or cure
<br />any defaull or notlco 01 delault hereunder. or Invalidate any ilcl done pursuanlto
<br />luch notice. Truslor alBo &Bslgns to Beneficiary, as Jurlher security 'or the
<br />perlorri1lnCe 0' the obligations aucured hereby. all prepaid ronts .nd ail monies
<br />whIch may have been 01 may horealler be depOSited With said Truslor by any leuee
<br />of the Property, 10 secure tho payment 01 any renl, and upon det.utl in the
<br />performlnce 0' .ny 0' the provisions hereol, T,uslor agrees 10 dellval such rents
<br />and deposltl to lhe Beneficiary Delivery 01 wflllen nollce 01 Ihe Benellclary'a
<br />&.81clll of tn.! rights granted l'Iereln, 10 any lonanl occupying 58ld plemlses shsll
<br />be lufUclenllo requlr. said t.n80110 pay said lenllO the Benellclary unllllurlhtH
<br />nollce.
<br />
<br />11. LcaHd PI"MnlIM. Within 10 daya after demand. Trualor .h.1I furnlah to Tru.tee
<br />Q tcMdute cMIII.cI 10 ba true. letUng forth .11 1..... of space in Ihe TrUll
<br />Property then In affect, Including. In each C.,., the nlm. of lhe I.nlnll .nd
<br />occupanl'. a description 01 tM apac. occopled by such Ian ani Ind occup.nl, the
<br />rental Plyebla for luch .pace and luch other Information and documentl with
<br />reopecl to auch INNI and tenancl.1 IltM Tn,.," may requ..t
<br />
<br />Without the prlot wrmln con..nt 01 Tru.tee, TruIIOf Ih.lI nol. directly or
<br />Indirectly, with f'NP4Ct to any lei" of apac. In the dl.crlbed pr.mIHI. wholher
<br />IUCh ..... I' now Of herHII" In ..I.lone.; (') 'CC'PI Of pormll .ny prop.ym.nl,
<br />dlocount or advance rant payable thereunder; (b) clncel Of IIImlnall Ihe lame, 01
<br />accept any CAncellation. termlf\llIon or luneodor Ih-traof, or pelmll cny evenl to
<br />OOCUl which ",auld ..,UUo thlll.....hereunder 10 tlrmlnlta or canclllhe 'Ime; (CI
<br />IIm8nd or modify the ume ao a. to reduCI thl term theleof, lhe rlnlal pa'flbll
<br />u..undef. Of to Change any ranewel provl.lon" 'herein conlaln~; (d) w.lwa .ny
<br />default 'hlfoundef or brMch thereol; {f!) Qlwe any COI"IMnt, Wllw.r or approva'
<br />thenundef Of takl aflY othlr actiOn In connacllon lherewllh, or wllh a lell..
<br />thereunder, whICh woukj ba.... the allacl 01 Impairing '~vdlue 0' 1..lor's Inla,.al
<br />thw8und<<, on lhoe Property aublKt thefClIO, or at Impllrlng the polltlon or Inlllell
<br />01 IIlIl Tr"'I" Of _'lelll)'; or (I) lOll, u.lgn, plodge, mortg.", ot 01""""'''''
<br />dlepooe 01, or ancumber, Itl Intweot In any euch I.... or any ranll, 1.I1J.I or proflll
<br />Iooulng ... .,"Ing lheroundlf.
<br />
<br />Ill. CoIIMoMI_1I Ill.. 10 .ny pen 01 IhI I'1operty ,hftllIII lollen In condomn.llon
<br />ptOOMdlng., by rtght 01 emlnenl domain or Ilmlllr action, Or Ih.1I be aold una...
<br />thrMl 01 condemnation, all IVlardl, damapel Ind prOCeeds lie nereby .ulgned
<br />IIld "'-II be pold 10 _'1e1l1)' wIlO .hllI opply auch ...rdo, demeg.. .nd
<br />~ 10 IIII.ums IOCU...:! by IIlIl Truol Ooed, .lIh Ih. ..c...,II ony, paid 10 IIlIl
<br />Trusl.... TrualOf .111 promplly, .nIl .lIh duo diligence, ropolr, tll" .nd ro.lot. IIlIl
<br />_no paI1 ct 1111 Tru.1 Ptoporty 10 II. lotmer condlllon .ubal.nlll1ly 10 IIlIl
<br />_I IIlIlI 1IlIl_ mlY be 11ll.lble .nd 10 It 10 conelllu" . complelollld uMbI.
<br />unI\.
<br />
<br />L
<br />
<br />13. ~ _ Upon reqUlII 01 Tn..IOf, _IICIII)', II _IICIl1)'" opllon,
<br />prior 10 _once 0' IIlIl Pt~ 10 IIlIl Tru.IOf, may mike lu"". __ 10
<br />IIlIl TlllllOf. lklch 1uI.... ll4von-. wllh Inlllf..llher-., lllall be IOC.... by Ihl.
<br />TNOt DMd _ _ by promlooory nol... .tallng IMI oaId nol.. ".
<br />_ IlIlnlly, __ 11111 al no 11m. l1li11 1118 IlCUred prtnolpal, rut",.
<br />~ IlllI InoIudlng ....... __ 10 ptOtlCl IIlIl ......rlly, .._ 0/lI
<br />~ _I (101m) 01 uw. Clf\gIIlIl pMclpaIl/IlOUII" _.......".
<br />
<br />14. -..-. c-II_ AUromIdlal __ In 11111 Truol_ ... dllllnol end
<br />_"'10 lIlY _ r1gIl1 or ~ _lhI. Truol ~ or.1fonIed by". Of
<br />equl\y,IIld!lllY be __ _IIy,I/ldej>endIftllycr 1UOOIIIhoII)'.
<br />
<br />15. . ..--. ~ _ upon dllaull by TrullOf In IIlIl paymanl 01 ony
<br />~odllllod_1ICUred heroby Of In IIlIl PI'10rman0e 01 1111' ._1 herouncill,
<br />~ /illY _ .11....... MCWed ""Illy IIMlIdl.lI/y _.net poy-by
<br />dollI1Ify 10 TIUIJ.. 01 wrllI"" _.11On 01 deloull. TIlIl Tru.l.. lllall "'VI IIlIl
<br />~ of l1li o! 1111 "'-'Y onct II _,lcIary dill... IIlIl Pr-'Y 10 be 1Old, II
<br />_ dIpoIIl.llh Tru<lIM Ihle T'u.1 ~ and all promlooory not.. .net clOc..-nl.
<br />-.clnt upenctlluroo MCUled herllly, end .hall dIl_ I. Tru'llO, . .rllI...
<br />_ 01 dlloulland .1oc11On 10 cou" lhe Ptoporty 10 1lI101<l, end IIlIl Tru.l.. In
<br />Ium oIlIlll_.. olmllll Notlea In IIlIl lorm required by ..., which IllaJI be duly
<br />"lid 101 r_by Tru.I..,
<br />
<br />III AIIM 11lIl1lp.. oIlUch limo u may III requlrod by I.. lollowlng IIlIl record-
<br />IIIOn 01 "'" nollce 01 dll.ull, end nollca 01 dll.ull end nollea 01 .... hI.lng
<br />-. g/YIn ClI required by "., Tru.I.., .,,11"""1 dImancI on Tru,IOf, .11111 lOll
<br />IIlIl Property on IIlIl dill..nd IIIIl1l time .nd ploce dI.lgnoled In ..Id nollC. 01
<br />..... .1 public .ucllOn 10 IIlIl hlg/llll _, tIlIl purch... prtco poy""lo In
<br />..wful _ .'11lIl Unllod Biotal II 1IlIlII/lll 01 l1li. TIlIl _ conctuctlng
<br />1IlIl_ may, 101 any ce.....IlIl-'O ..peeIlenl, poolpotlllhe .... Irom lime
<br />10 111M until 11l1li11 III CCllIIplelod .net, In ~ .uch C..., nollea 01 pool_
<br />_ _ be ..... by public cleclltellOn I_' by IUCh potIOn .1111111/111
<br />IIld plMle ...1 -'nllC! IOf IIlIl ....; proridod, IIIIl1l _ I. poolponod IOf
<br />~ _, (II cloy beyond IIlIl d.y clIolgn.1Id In IIlIl nollce 0' ...., nollea
<br />tIIIIeoI_ be 0'-' In Ih. ...... _ 11Il1o original noIlce 01 .....
<br />
<br />TN.... IIlIllI _II IIId dIl_ 10 IIlIl pur_ hi. ~ conwcylng IIlIl
<br />"""*" _, bul .11'-1 "" _I Of .manly, __ Of Inlpllod. TIlIl
<br />rool..,. In I"" l)(<od 01 fI'I ....u... 01 lOCIO oIlIllI III -..:1_ pn>oI 01 1110
<br />INI~ 1IlonoI. ,.,., ..-. IncludInO _'ICI8ry, IIlIY purcMM 011111
<br />...
<br />
<br />IIlI _ T....lMl 1Il1. pur....,,11O IIlIl -" heflin, IIlIl TI\II1II .....1 _Iy IIlIl
<br />...- 01Il1o .... 10 pcay_1 01 .... coo" IIId 1.1l_ 01 ...,elalnt IIlIl
<br />_.. l1li _ 0I11lIl NIl, 1_ Il1o_1 "" Il1o T_I.... F_
<br />llOtuIlly _, not 10 ""_ ,.. 01Il1o_ p<IGo. _ _ 10
<br />l1li_ 1ft .....ooroph (ell In \lie _1Ilon Ilalad.
<br />
<br />tal AIWIl<JrtnG 1IlIl1...... -""" In "",,*ogrop/IlbI"1IIo _II \lJ Truolll, 0<
<br />lIlIlllfOllOf 00UIl_ _ _ of Ioreclaoun _ NIl 1I11lIl_1I pur.....1
<br />\l)~ '--"Il1o",_01_ _1lI1!lll1iCC1111 \lIO _ ...1Od
<br />10 1IlIl..,- 01:
<br />
<br />lit Cool 01_ ..- 01 lit.. ptOOUred In 00MI011oII."" euoh .... IIld 01
<br />""-~;
<br />
<br />(II) Nl_ _IICUIlld hlfWV;
<br />
<br />CMIl ""_,tI.,,,.,lolllo_.IIy...III~I"""(l.
<br />
<br />.' 100590
<br />
<br />16 Outltl Ind' 'Dtlono 0' Tnn1... (II Tho dulle. and Obllglllon. of TtuII..
<br />,hili be dll,lm OlD I)' by lho 8"prala provlllon. OIUl. TrUI' Ol.d and TrUIIH
<br />,hall not bo 11101,- v.COpl 10/ IhO Pbflo,"lonCI 01 SuCh dull.. Ind oblig.1I0nl II er.
<br />'O'CIlIOllly .,1 lort" hf'9ln, Ind no ImpllttJ OQvln,nte or obligation, ,hall be
<br />Impond upon TrUII'O, ttll No provle1on Qllnll rfl.,llt Deed ,hall rtQulr. Tru'ln to
<br />I. pend or III" his own lundl. or OlhorwllO Incur en)' f1nftnC'11 obligation In 11\1
<br />p.r~orm.nc. of any 0111. dull" h'tlund,r. or In tho ....rel" of Iny Of It. rlghl or
<br />powers. lilt sholl hBve gfounda ror believing lhal lh~ i8p.yment 01 ouch lunda or
<br />adeQl'ale Indomnlty agslnsl 9uch rls'" or i1ablllly Illi nol r..son.Uly .lIured 10 II; (C)
<br />Trus1ee may consull wilh counsel at rlllli own cnoollng Ind ,,.. .dwlc. 01 IUch
<br />counlol ,hall be full and complate 8ulhorluIIon and prolecllon In Ihe ",peel 01
<br />any acllon teken 01 sulf6red by II hereunder In good faith .nd rellanco thereon; (d)
<br />TruMee shall ncl ba liable fOl an)' acllon taken by him In good lalth and
<br />believed by him to be aulhorllOd or wllhln Ih. dllcrelloo 01 rlghll of powar.
<br />conf."t/d upon II by IhlB Trusl Deed.
<br />
<br />17_ AckSltlonll8Kunty Inltrumeoll. Trustor, al its expense. wlllax.cule and deliver
<br />10 tho Trultle, promptly upon demand, ,uch locullly Instrumantl a. mlY b.
<br />required by Trtllt.o. In 'orm Clnd sub.'aneo loUII,clory to Trus'N. covering any 01
<br />thl Proporly con"y'd Oy Ihl. Tru'l Deed, wnlcn "curlly Inalrum.nll .h.1I be
<br />additional aecurll'( for Truslor's falthlul psrlOlmance of ill 01 the lerml, COVlltllntl
<br />and condlllonl of thl, Truel Deed. lhe promlBlOty not.. HCur.cs hereby, Ind any
<br />other HcurUy InlHuments .xeculed In connection with th!1 tr.nlaeHon. Such
<br />In,lrumenl. an.1I III recoroed or lIIed, .nd r.rocotded and relllod, II Tru'IOI"
<br />expon...
<br />
<br />18. III_III"""".
<br />
<br />(I) In the e~.nl Iny one or more of Ihe provisions contained In thl. Truet Deed or
<br />the promleeory nol. or .ny other ..curUy Insllum.nt glvln In connscllon wllh
<br />thll Uansacllon shall lor any ,.ason be held to be InwIUd. llIegll or
<br />unenlorceable In any respect, such Ir.valldlly. llleulllty. or unenrorce.ablllty
<br />shall, at 'he option of Benellclary, nol .ffect any olher prowl lion ollhll Trult
<br />0Md. but thla Trusl Deed shall be conltru~ al If such Invalid, Illegal, or
<br />unenlorceable plovlslon had newer been contlln<<J her.ln or ttwirlln.
<br />
<br />(b) Thll TrUll Deed ah.1I be construed according to the llWI 01 the Slate 01
<br />Nebrlllka.
<br />
<br />tc) Thla TrUll Deed shall Inure to Ind bind the helra, legltee., devl.....
<br />.dmlnlltratora, executors, succauor. Ind asalgnl at lhe partie. hereto.
<br />
<br />(d) Trultor ahall pay all laxes levied upon Ihll Trult Deed or the debt MCured
<br />hereby. togGther with any olher lues or alaellmenll which may bo levied
<br />Igalnsllhe Truslee or Ben.flclary or tha leoal holder of aald promlnory not.
<br />on account of the Indebledn... evidenced thoreby.
<br />
<br />(e) Whenev.r used herein. Ihe slngula! numt)e.r shall Include the plural, the
<br />slngul.r. lhe use of any gendlr ShAll be applicable to all genders, And the term
<br />"Sen.Uclary" shall Include any plyea 01 tile Indebledn... MIRY HCured or
<br />sny Irancfsllhereof. whether by operation of llw or otherwllH.
<br />
<br />19. luccealor Trvat... BenefiCiary may from tlml to limo sub~lIIut. a cuec.llor or
<br />luccellorllo Iny TruslM named her.ln or acting hereunder to execut. Ihll TrUlt
<br />()ee(t. Upon suCh IPPOlnlment end wlthOYI conwev.nee to the luccNaor Trult..,
<br />the laUII Ihlll b4I v.sled with all 11118, powe", Ind dulle! conrarred upon any
<br />Trusl.' her.ln nlmad or Icllng hereunder. Eech luch appolntmant and
<br />lubllllullon Ihall be made by wrmen InalrufT\8nl by Beneficiary, contllnlng
<br />r.ferenc. to thll rrulill Deed cnd It, Plac. 01 record. whlr.h when lecordld In the
<br />olllee ollha Reglltar of Deedl ollhe county or counUe. In which laid property II
<br />Inulled Ih.1l be conclusive proof 01 proper appolnhNnt 01 the IUCceNOl Truat...
<br />The loregolng pow.r of lubstllutlon end the proceduIW therlforl &hIli not be
<br />exclullve 01 the pow.r and procedure provided lor by law lor the luballtullon 01 a
<br />TruI'" or Tru.t... In lhe plae. of the TruIIM.
<br />
<br />20. F_ronce by _''''I.ry Of TN.taI No1 . W._. Any lor_.nc. by
<br />Baneflclary or fru.t" In .x.rclllng Iny rlghl or remedy hereundlt, or OIMrw.H
<br />ellorded by .ppllcabll ,.W, chall no' be a wllwll of or preclude lhe e.ercl.. 01 any
<br />right or remedy hereunder. Uk.wlN, lhe wllver by Banellcllry or TrUll.. of any
<br />del....1t 01 Trullor under Il'Ils TrUlt Deed Ih.1I 001 be dMmed to be. walY6l 01 any
<br />olne..- or Ilmllar de'aultl lubHqU4iltly occurring.
<br />
<br />21. TrualDt No1 _lid. Ex"n.lon 01 lho tlm. lor p.ymenl ot modlllcotlon Of
<br />amortization of the ,"ums HCured by Ihll Tru.t DMd grant.cs by Banollelary to any
<br />tuCClI~ In IntllH' 01 Trultor lhall not opera'l to r......, In anv manner, lhe
<br />lI.blllty ollllll orlglnol Tru'lot Of TruIIOI" ouccoUOlln Inllllll. Banol"'a.ry .11011
<br />nol be requlrod 10 commence plOCOldlng. eg.I..1 .uch .UCCOUOl Of r.tu.. 10
<br />..1_ tI_'ot poyrnonl 01 01""""'''' rnodlly .mortlulloll 0I11lIl .uma lOCured by
<br />IhI. Trull 0Md by rl&lOl1 01 any _ _ by iIltI original TrualOf IIld Truolor"
<br />IUOCMIOI"Iln Int...,.
<br />
<br />22. DoII01i\. IIlhere &11011 be . dlloull under Ihl. ~ 01 Trull Of unclor .ny prior
<br />mort_, IIlIl _lIcll1)' moy CUI' IUCh dlI.ult, .netlllllllllOUnlo _ by,
<br />IIld OIher ooob .nd upon_ 01 1M _lIcll1)' In curing IUCh dlllUl~ .""
<br />Inlel.., II IIlIl dol.ull rol. conlOlned In IIlIl Nol. lOCured IlIl<Illy Irom IIlIlIlllll of
<br />IIlIl_.ncoo 01 P'YmMl. ",.11 be_lo lho'ncllblod....llCUred by Ihl. Truol
<br />~ .nd may III colloclod IlIlroundlr II .ny lime ell., IIlIlII1nO 01 IUCh __
<br />Of poy,,*,l. and .11011 be dIemod 10 be NCUrod hofllly.
<br />
<br />23. Oplton 10 F_ Upon IhI occuronco 01 .ny dol.ull _ndlf, Banol"'llI)'
<br />Il1011 h.VlIIlIl option 10 lotICIOIO Ihl. Tru'llloId In lho manner prov_ by Illw 101
<br />IhI IOfICIoIuro 01 mortg._ on rill propony.
<br />
<br />24. TruolOf'l 1I1g1l\1, _I DoI.uIL Unlll any d.l.ull In IIlIl paymenl 01
<br />Indebted,...e. hNlby MCurw or untlllhe breach of any cov.nant herein cont.IMid,
<br />the Tru.tor, lit .uceel.orl and ...lgIII, lhall pGelR' and .nJoy the property, And
<br />ractlve the rentl and prolll. 'herefrom. Upon payment 01 In auml aecured by ihll
<br />Trusl Deed, BenefiCiary Ihau reQun' TrUlt.. to reconvey lhe property and ahall
<br />1U".OO.r thll Trul' DNd .nd .11 not.. Ivtdanclng Indabtedneal lOCured by thll
<br />TrUll 0Md 10 True'... TruI." ahlll roconvey lha property without w....r.nly and
<br />.lthoul chor", 10 IIlIl pol.on. IfiI.lly entitled 11lIl..IO. TIlIl Gronl" In .ny
<br />rlOOf'\VAYlnce may be d.lcrlbed as "the peraon or P6laGna enUtled therato," and
<br />the reellll. Ihcf~n 01 Iny matl.ra Of Ilcle ehall be conelullve plool 01 lhe
<br />INlhlul_. '''''001. Buch porton Of perllOl1. Ih.1I ply.1I cool. 01 recording, II ony.
<br />
<br />25. ~._ IftIlWl E_I 01 Tro..III.ln IIlIl...nllhl IlIIe 10 .old r..,....I. II
<br />Irlnlll"Id, or contr&Cted 10 be 'ransr..-rld, from lhe undwalgnod '04' Iny rNeon 04'
<br />by any melhOd wf't.ataoev.... lhe ..nllre prlnclpa' aum and accrued Int.....1 ehall al
<br />I)J'IiU become due and p.yable a'the .Iectlon of lhe B~llcl.ry. Fallur.lo Ixerel..
<br />thll ""tlon Me.UN of Irlnlf.,. or 1111. II abov. l'lted Ip one lnatanee &hall nol
<br />eon.tltule e .elwar 01 the rlghllo .xllclr,e the Hme In lhe evenl 01 any a.ubMquent
<br />1Ian.1".
<br />
<br />. m. _ oIlru..I'lunlot 10 0111 dllOCI
<br />
<br />~..~
<br />f!
<br />~~
<br />
<br />_*' lljo Trualof 10
<br />
<br />_ T,.......
<br />
<br />MOwing a principal nole '01
<br />
<br />Dol.... and filed IOf rocord wnh !1lIl Regillll 01 ~11ncI _11I1Id II 1_
<br />
<br />>-0
<br />
|