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<br />88- 100649
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<br />FeBD 501 I
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<br />(c) The repayment in full by Trustor(s) of all amounts advanced by Beneficiary, at its option, to or on behalf of Trustor(s) as proteclive
<br />advances aulhorlzed herein, in the loan agreement(s), or in other Inslrument(s) which may be given to evidence such advances, plus interest
<br />on all such advances, payable as provided in the note(s), loan agreement(s) or other instrument(s).
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<br />(d) The payment In full of any and all other past, present or fUlure, direcl or contingent, debts and liabilities of Truslor(s) to Benellclary of
<br />any nature whatsoever.
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<br />This Trust Deed will be due Jan uary 1, 2008 or upon Ihe payment in full of all sums secured hereby.
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<br />Trustor(s) hereby warrant that they hold tee simple title to the above described p,oparty, that lhey have good and lawfulaulhorlty to deed and encumberlhe same,
<br />that sold property Is free and clear of all liens and encumbrances, except encumbrances o' record, and Ihat lhey will warrant and delend said property agalnsl all
<br />clalmanls whomsoever. Yrustor(s) also hereby waive one! relinquish all rig hIs of dower, homestead, dlslrlbullveshare and exemplion in and to Ihe above described
<br />property.
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<br />Truslorls) lInd each of lhem furthe, coYfJnanl and ag.... with B_flclllry u followa:
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<br />(1) To pay all liens, judgments or other assessments against said Trusl Eslate, and to pay when due all taxes, ,ents, lees or charges upon seid Trust Eslale or under
<br />any lease, permit. license or privilege assigned to Baneflclary as additional securlly 10 Ihls Trusl Dead, Including Ihose on public domain.
<br />(2) To Insu,e and keep insured buildings and olher improvements now on or hereafter placed on said Trust Eslate 10 the salisfactlon of Beneficiary. Such
<br />Insurance shall be approved by and daposlled wllh Beneficiary, and endorsed with loss thereunder psyable to Beneficiary. Any aumaso received by Beneficiary may
<br />be used 10 pay lor reconstruclion oflhe deslroyed Improvemenls or if not so applied may, at the option olthe Beneficiary, be applied In payment of any Indebtedness
<br />matured or unmatu,ed aecured by Ihls T,usl Deed.
<br />(3) To keep all buildings, flxlures and other Improvemenls now on or herealler placed on said Trust Eslale occupied and In good ,epalr, malnlenance and
<br />condllion and 10 neilher commit nor permit any acts 01 waale or any Impairment 01 the value of Ihe Trusl Eslate. Beneficiary may enler upon the Trusl Eslate 10
<br />inspect the same or 10 perform any acls authorlzad he,ein or in Ihe loan agreement.
<br />(4) In the evenl Truslor(s) laillo pay any liens, judgments, assessments, taxes, 'ents, feesorcharge8 or mainlaln any Insurance on Iha property, bulldings,flxlures
<br />or improvements as provided herein or in the loan agreemenl(s), Beneficiary may, ollIS opllon, make such paymenls or provide Insurance, malnlenance or ,epalrs
<br />and any amounls paid therefor shall becoma pert of Ihe principal indebledness secured hereby, b<llmmedlately due and payable and bear intereat from Ihe dale of
<br />paymenl as r>rovlded In the note(s) or loan agreemenl(s). The advancement by Beneficiary of any such amounts shall In no manner IImillhe ,ighl of Seneficisry 10
<br />declare Truslor(s) In defsult or exercise any of Beneficiary's other rights aild remedias.
<br />(5) In Ihe evenl Baneliclaryis a party to any lltigalion affecting Ihe security orlhe lien oflhis Trusl [ned, including any action by Baneficlaryloenfo,celhls Trust
<br />Deed or any suit in which Beneficiary Is nsmed a defendant (including condemnation and bankruptcy proceedings) Beneficlsry msy incuraxpenses end advance
<br />payments for abstraclfees, allomeys fees (excapt 10 Ihe extent prohlbiled by lew), costs, expenses, appraisal fees and olha, chargas and any affiounls so advanced
<br />shall become part of the principal indebtedness secured hereby, be Immediately due and payabla end bear inlereslas provided in Ihe loan agreemenl(s).
<br />(6) Any awards made to Trustor(s) ortheir successors by the exercise of eminent G-omain are hereby assigned to Beneficiary; and Beneficiary is hereby authorized
<br />to collect and apply the same In paymenl of any indebtednass, malu,ed or unmalured, secured by this Trust Deed.
<br />(7) In the event Trustor(s) delault in the payment whan due 01 any sums secured he,eby (p,incipal, inle,est, advencements, or protective advances), or fail 10
<br />perform or observe any covenants and conditions conlainad herein, in the nOle(s), loan agreemenl(s), or any othe, inslrumenls or any proceeding is brought by or
<br />againsl Truslor(s) under any Bankruptcy laws, Beneficisry may, al its option, declare Ihe entire indebledness saeured hereby to be Immediately due and payable and
<br />bea, intereslallhe delault rale as provided In the nole(s) or loan agrll8ment(s) and Beneficiary may Immedialely aulho,ize Truslee 10 exercise Ihe Power of Sale
<br />granted he,ein in Ihe mannarprovided in ths Nebraska Trusl DeadsAct, or, al\he oplion olthe Beneficiary, mayforecloselhe Trust Dead in Ihemanner provided by
<br />law lor tho loreclosure of mortgagas on real property, including Ihe appointmant ola Receivar upon ex parte application, nolice being hereby expressly waived,
<br />without regard 10 Ihe value of Ihe property orlha sufficiancy Ihereof 10 discharge Ihe indebtedness secut')(! hereby or in Ihe loan agreamenl(s). Delay by Beneficiary
<br />in exercising lIS ,Ighls upon dofault shall nol be consl,ued as a waiver Ihereoland any acl 01 Beneficiary waiving any speclllc dafaull shall nol be conslrued as a
<br />waive, olany fulure oefault. If Iha proceeds under such sale or foreclosure are insufficlenllo pay Ihalotal indeblednaas hareby secured, Truslor(s) do hereby ag,ee
<br />to be parsonally bound to pay Ihe unpaid balance, and Beneficiary shall be entitled 10 a deficiency judgmenl.
<br />(8) Should Benaficiary elaet 10 exarcise Ihe Power of Ssla granlC!<! herein, Beneficiary shall notlty 100 Truslee who shall record, publish and delivar 10 Truslor(s)
<br />such Notice of Default snd Notice of Sale as than ,equired by law and shall in Ihe manner provided by law selllhe Trusl Estate allhe time and place 01 sale IIxed in Ihe
<br />NOlice 01 Sale, either as e whole or in sepa,ate lOIs, psrcels or Ilems and In such ordar as Iha Trusfee shall deem expecllenl. Any person may bid at the selalncludlng
<br />Trustor(s), Truslee or Beneficiary.
<br />(9) TrusIOr(8) heraby ,equasla copy 01 any Notica 01 Delault or Notice of Sale hereunde, 10 be mailed 10 Ihem allhe addressles) sat forth herein by certified mall.
<br />(10) Upon dalault, Beneficiary, ailhar in person or by aganl, wilh 0' wilhoul bringing any action or proceeding and wllh 0' wlthoul regard 10 Iha value of Ihe
<br />property orlhe sufficiancylhereoflo discharge tho indebtednass SBCured hereby, is aulho,ized and enlilled laenle, upon and take possession of Ihe T,ual Estale In
<br />its own nsme or in Ihe name of fhe T,ullee and do any acls o,expend any sums il deems necasaary or desirable 10 prolect or preserve 100 vslue of the Trusl ES18le or
<br />any inle,esllherein, or increase Ihe Income Iheral,om; and wllh orwilhoul18klng posaaslon ollhe Trull Es18le Is llulhorized 10 sue fo, or.olOOrwise collecllhe renls,
<br />issues, c,ops, p,ollts and income Ihereof, Including those past due and unpaid, and apply Ihe sama upon any indablednllllS secured hereby or In Ihe loan
<br />agreement(s). exceot as the Trust Estate is limited on the face hereof,
<br />No ramedy heretn conferred upon orr8S€lrved 10 Truslee or Beneficiary is intanded 10 be exclulive olany olherremody herein or by law provided or permitted,
<br />but each shall be cumulative, aha II be in addilion 10 every olher ,amedy given heraunde, or now or herealler axtsling at law or in equity or by slalute, and may be
<br />exe,cised concurrantly, independenlly 0' lucceuively.
<br />(1 1) Trustor(s) acknowledge thallhe dulies and obligalions of Truslee shall be delarmined solely by Ihe express provisions ollhls Trust Deed or Ihe Nebraska
<br />T,usl Deeds Act and Truslee shall nol be liable except 10' Ihe performance 01 such dulles and obllgallonl as are specifically E9t forth lherein, and no implied
<br />covenanls Ot obligslons shall be Imposed upon Trust....; TruSI... shalt not be liable for any action taken by II In good faith and ,easonsbly belteved by 1110 be
<br />authorized 0' within the discrotion or ,Ighls 01 powers conferred upon it by this Trust Deed or IlIte law.
<br />(12) The integrity snd rnponsibifity ot the Trustor(s) conslltules s pert of the con.lderalion for the obligations ,"""urad hereby. Should Tn,;stor(., ...11, lran.f.r or
<br />convey Iha property dascrlbed herein, wilhoul prior wrinan conl8nl of Beneficiary, B6neliciary may, at III option, declare Ihe enlire indebledneas immedletely due
<br />and payable and may p,oceed in the enforcemanl 01 its rights as on any other delault.
<br />(13) Assillnmenl of Renls including Proceeds 01 Mlnera! Lease. Truslor(s) hereby transfar, let over and convey 10 Beneficiary all rents, royaltias, bonuses and
<br />delay moneys Ihal may I,om time 10 time become due and payable under eny real esta181eue 0' uncle, any oil, gn 0' other minerai lease of any kind now axisting or
<br />Ihal may hereafter come inlo exislence, covering Iha above Trusl Estala or any part thereof. All such luml so received by Beneficiary shall be applied 10 Ihe
<br />indebtedness secured heraby; or said Beneficiary may, at Its oplion, turn over and deliva' 10 Ihe Trullo'(I) 0' lhel, IUccessors in inleresl. eny or all of such sums
<br />wllhoul prejudice 10 enyol Beneficiary's rillhls 10 lake and retain fulu,a sums, 6nd wilhoul prejudice 10 any of III olha, rlghls unde,lhis Trusl Dead. The lransfer and
<br />conveyance hereuncle, to Beneficiary 01 said ,enls, royaltias, bonuses and delay moneys shall be conDlrued 10 be a provision for Iha paymant or raduclion 01 the
<br />debl, subjecl 10 Ihe Beneficiary's option as he,einbefore provided, independenl ollhe lien on said Trull Es18le. Upon paymenl in full of Ihe debt and Iha
<br />reconveyance ollhil Trusl Deed of ,acord, Ihis conveyance shall become inoperalive and 01 no further force and effect.
<br />(14) The covenants conlainod in Ihis Trust Deed shall be daemed 10 be severable; In Ihe ovenllhal any portion ollhis TruSI Deed is d91ermined to be void or
<br />una~ble. Ih I delannlnation Ihall not affect Ihe validity.. of Ihe remaining portions of th Trusl
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<br />wis Verda ~l. 'den Le .i s c1.
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<br />Verda 1-!. Uden, a Partner
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<br />Larrv den, a Partner
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<br />STATE OF NEBRASKA
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<br />COUNTY OF c;t/ ~
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<br />Onthis2-daYOf':'- ---;~
<br />Lewis c1. Uden & Verda 1.1. Ude ,
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<br />husbacd and
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<br />,A.D., 19 ,fid' ,belore me, a Nolary Public, personally appeared
<br />v..ife, and Larry Uden & Cynthia l'den, husband an<;l
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<br />T,ust Deed, and acknowledged
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<br />to me known 10 be the person Is) named in and who executed the foregoing Acknowledgment and
<br />thaI they executed the same as thei r voluntary act and deed.
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<br />I~olary Public In and lor said Counly and Slale
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