|
<br />i
<br />
<br />f
<br />i
<br />f
<br />I
<br />I
<br />II
<br />I
<br />I
<br />,
<br />
<br />L
<br />
<br />88 1 ) . C:) . ..
<br />- t 1/",0....
<br />
<br />f
<br />
<br />Ind, wllhoul aemlnd. Ihall be ~mmOdj'lelv duo and payable by Trustor and IIhall
<br />be3r lnt.,eat It th. .mulmuh; l"lbwlble leoal 'ale; provldtld. however. thai al the
<br />option 01 aen,UCI.ry or Trueleo 'uch sum, may be added 10 the prinCipal balance
<br />0' Iny Indebt.dnOn ,.cur.d hereby and ,hall be.' lhe 18ml Inle'n' II ouch
<br />Indtlbtednellllnd ahall be payable ra'ably oye, the remaining lelm Ihereof.
<br />
<br />10. AIIlgnmera 01 Renl.. Benellclary snail have the rlghl. power and authority
<br />durIng the conllnuancelof this Trust Deed 10 collecllhu ronls, issues and prollls of
<br />th, Prope,ty and at any pelsonal properly localed Iha~eon WI!~ or without laking
<br />po..."lon 01 the property affected hereby. and r'....alor hereby ebsolulely and
<br />uncDndltlonally 8ulgna all ouch rent6. Issues and prohls 10 Benellciary.
<br />EMnoflcllry, however. hereby consents to the Tru6lor's coUeelian and relentlon of
<br />IUCh rentl, IUU8a enel proflls 18 they accrue and become payeble 80 Ion" 85
<br />TruDtar II not. al such limes, In defaull with respecl 10 payment of any
<br />IndeblednellS8curoct hereby or In the performance 01 any agreement hereunder.
<br />Upon any such d.faull, Beneflellry may al any time, ellher in person, by agent, or by
<br />. receiver to be Ippolnted by I court, wllhoul notice and Without reglrd to Ihe
<br />adequICY of any lCCurlty 'or thl Indebtedness hereby secured, (S) enter upon Ind
<br />I.k. po.....lon 01 Ih. Properly or .ny p.rt th.,eol. .nd In 11. own n.me .ue lor 0'
<br />olherwl.. coll.ct .uch r.nt., I..u., .nd prolll,. including those pilI due .nd
<br />unpaid, Ind apply the ,.me, leB8 cost, and expenses 01 operation 4.ndi coll8Clloo.
<br />Inciudlng re.lonlbf.e altorney loeD, upon Iny Indebtedness secured hereby, and In
<br />IUch order al Beneficiary may determine; (b) perlorm such acts 01 repllr or
<br />protectlon.1 mlY be necenary or proper to conserve Ihe value 01 the Property; te)
<br />..... the uma or Iny part theroo' for such rent81, term, and upon such conditlona
<br />.1 It I ludgement may dlctlte. Unless Trultor and Beneficiary agree Olherwls@ In
<br />writing, any appllcallon of rent8. ISluss or prolils 10 any indebtednoss secured
<br />hefoby ehall not extond or postpone the due dale of the installment payments 81
<br />provldad In .ald promissory nole or change the amount of such Installments. Th.
<br />entlllng upon and taking possession of Ihe Properly. the coJlecllon 01 such femts,
<br />IllUeS end profits, and the appllcallon lherftOf 8S aforesaid, shall not waiv8 or cur8
<br />any deflult or notice 01 defaull her&under, or Invalidate any act done pursuanlto
<br />luch notice. Trustor alao assigns 10 Boneficlary, as furlher 8ttcurily lor the
<br />performance of Ihe obllgallons S6cured hereby, all prapald rants and all man lei
<br />which may have beer. or may hereafler be deposited With said TruSlor by sny lelBee
<br />of the Proparty, to aecure Ihe payment ot any renl, and upon dellull In Iho
<br />portolmance 0' .ny of the provisions hereol. Tru.tor agr... to d.'lve, 5uch rsnja
<br />and cHipoalta 10 Ihe Beneficiary. Delivery 01 wrlllen notice o' the Benellclary's
<br />e..erclse 01 lhe rig hiS granted herein, 10 any lenanl occuPYing said premises shill
<br />be 8uff&clenl to require said tenant to pay said (enl 10 the BenefiCIary untlllurther
<br />notice.
<br />
<br />11. LMHd PtMn..... WithIn 10 daYI liter demand, Trultor ahall tumllh to Trult..
<br />a achedule certllled to be truo, htUng 'orth all ISIHa of spice In th. Trust
<br />Property then In ."eel, Including, in each cale, the name 0' the lenlnll and
<br />OCCUpanl., a claocllptlon ollhe apac. occOplsd by such .en.nl .nd occupanl. Ih.
<br />1*11&1 PAyable tor luch lpace Ind luch othe: In'OIm.tlon and documenll wUh
<br />I'85PICI to luch Kia... and tlnancl8a .atha Trult.. may requall.
<br />
<br />Without the prior wrmen con..nt of TruIIH. TruIIOI shall not. dlreclly or
<br />Indlrwclty, with rupee. to any 10... of lpac. In the dolcrlbecl preml..., whelheJ
<br />IUCh .... I~ now Of her.ltt.r In 1..lllencl; (I) ICClpt or permU any proPAymenl.
<br />~nt Of edYlnca rant PAyabla thw.under; (b) cancel 01 Ilrmlnatl the s.ma, or
<br />accept any caneallltlon, termlf\atlon or lurrand" thereof, or J*1'T\h any twlnt to
<br />OCCUl whl&h \lfOU1d antlllathe...... ther.under to termlnall or cancel the alme; ec)
<br />_ or modify .he &ami "" m. '0 ledUC. .h. I.rm lher.of, lhe l.nl.1 p.y.bl.
<br />tillfeundor. or to change any renewal provlalon. In.rlln contained; (d) waive any
<br />defaun lhelaundet or brMch tharlOt; (.) glv. any con..nt, walv.r or approv.1
<br />Iil6lIundIf or take any other aClion In connecilon lherewUh, or with . ......
<br />thaOUnder, Whk:h .ouki haM the elllKt of Impairing the vltue a. I..aor'a lnt.r.'1
<br />-...-. on .111 Ptoperly .ubjlc.lhar.to, or ollmp.lrlng lhe po.lllon or Inl....1
<br />01 lIllil T'UI'M or _'!clary; or (I) Mil, ...Ign. pledge. mortg.ge or o.herwl..
<br />dIepoM of. Of' encumber. Itl Int.....1 In any luch I.... or any r~tl,lnull or profltl
<br />IMuIng or arfalng lhafaundat.
<br />
<br />12. CooIlIalMa-. II III" to .ny parl 01 the Ptoparty .hAII be t.k.n In COndamnallon
<br />~"llI, by r.ghl 01 amlnent dom.ln Of Ilmll.r .cllon, /lr .h.1I be IOld uncia<
<br />I!lnIaI 01 condarnnallon, .11 .w.rd., dam.gn .nd proc.ecll are heraby ..alg06d
<br />and aIIaIl be pald '0 Ben.,lcl.ry who ahall _'V auell ...Id., dA_ .nd
<br />~ '0 IIII.umo MCUred by .he T",.t DMd, with .he ..cne. II .ny. paid '0 the
<br />TiUllor. Truator will promp.ly. .nd with due dlllgar."", r&palr. .It.. .nd _t"", lhe
<br />I8mAlnlng ~ 01 lhe T"'.' Ptoperty to It. lormer condition IUbal.nll.Uy 10 lhe
<br />_I lhel the ..".. may be ,...,b...nd 10 u to cona'llut.. comp"l. and u_
<br />unit.
<br />
<br />13. ,.... ~ Upon 1811....1 01 TN.'or, .....lIclary, .1 _lIclary'. OPIIon,
<br />prior to _anca 01 U", Property 10 lIIe Tru.tor, may ....... lulu.. __ '0
<br />lIle T_. IIlcIllulu.. __, with IntarMIIhaf-.. ahall be _ by Ihl.
<br />Trual DMd _ evIdanced by pramlUOfy 00:.. ...lIng thel ..lei not.. ...
<br />- '*-by, ...- llIal .1 no 1'- oIIaJl the MCuI8d principal, lulu..
<br />~ noI including _ _ '0 prDlaCI lIIe _rlly, ...cncl _
<br />......1*DM1 (1""1 oIl11e orftIMI ~ _ta _".,..
<br />
<br />14. ........ ~ All _ prowldad 1ft lIlla Truel DMd .,. dIal!rlc1 and
<br />-... to _ _ rIght".~ _ tIlIa Truel ~ Dr.ltGnI!Id by'" Dr
<br />equIly. and may lIe_lllMd oon.......Uy,I~IyDr~.
<br />
<br />11. , .~ ~ laID. Upon clelaun by Tru.lor In the pa_1 01 any
<br />kldlllt__ NCIlfllCl helMy or In ilia ~ 01 any "",_t __.
<br />~ may cIaclar. .11_ MCUred helMy IrnmecIl.1eIy _ and pay_ by
<br />eIeIlNry to TruaJee 01 wrlllan declar..1on 01 delault. The T",.t.. _It he.. lhe
<br />,.. 01 _ ollila Property and II _llcIary _1_ the Proparty 10 be 1Old, It
<br />...... cIapaaIl wnh T"'.tMlhI. Trull Dead and .11 promlUOfY not.. and _..-nt.
<br />~ upandltUI'" MCUlod helMy, and allall cIaf_ 10 Tru.'M, a wrlttan
<br />noUoe 01 default and ....,11on 10 cauM lhe Property to be 1Old, and lIIe Tru.l.. In
<br />lum II!IaII ~. almllar Hotlce In lhe lorm required by I.w, wlKh ahafl be duly
<br />IlltclIor~byTru."',
<br />
<br />III Allar lhe lap... oIlUch time u may be requlled by law lollowlng lhe record-
<br />.11on 01 aaId nollce 01 clelault. and notice 01 dal.ult and notice 01 .... llavlng
<br />bMn .-- .. l8Qulled by I.w, Trull... wllhou' _ on Trullor, ohelt HlI
<br />ilia Proparly on 1M cIa...nd at 1110 llme.nd j)1~ dcalQnalad In HId noli"" 01
<br />Mia, at ptlbllc Auction to the hlQllMt bidder. U... purchaM price payable In
<br />lawlullllOMy ollila Unlled StalM .llhe lime 01_. The paraon conducting
<br />IIIe _ may, lor any ceu.. he _ ..padlanl, _'_ the .... 110m lima
<br />to lime unllllt ....11 be comp..ted .nd, In .very .uch CUll, notice 01 _!pone-
<br />- aIlalf lie D'-' by public clacl&ra!1on ........1 by ouch PI/8GIl .t the time
<br />and pIeM ...t -'nt8d lor Ilia ....; prcwlded, II lhe .... I. _tpotlad lor
<br />longer Ihen (tl clay beyond 'he clay _Ign.led In the noli"" 01 _. nollce
<br />-.of ahafl be given In lhe...... ""',,,... Ulhe original_ice 01.....
<br />
<br />TN.... ahafl uecula '"'" cIaf_ to ilia pu'cIluar ht. DMd conveying Ilia
<br />Proparty _, bul wlthoul any _I Of warranty, __ Of implied. Tho
<br />__ In Ilia DMd 01 any mallar1l ". 'ecl. _II be _ proof ollila
<br />trutllful_ -.of. ~ _. including _IIclary, may .....- .'Ihe
<br />-
<br />
<br />till Wl*I True... Mil. pur_I 10 ilia __ hellln, Ilia True... aIlaIl _Iy tlla
<br />pr-.da 0Il1la _ 10 pay_t 01 .... ooata and _ 01 ....cia"'" ilia
<br />....... 01 - and of tlla 1Ik'::m' II1a pa_1 01 1M Trusi..'. F_
<br />lICluelly Inoulfllll, noIto .._ _,.!l '" 01 .... _ prloa, and than to
<br />.........111 lUllparaorlp/l (ellll onIar IllIra lilted.
<br />
<br />101 Allar paying lIla Itama apacllled 1ft auIlpatagrap/ll\ll1l .... ....Ia by Trualee, or
<br />lIIe proper COUl1 and _ ooata of Icnoloeur. and .... Illll& _ lalMnl*ll
<br />to judlc'-llcnoloeura, the prClCllllh of _ aIIeJf be applied 1ft lI!a ordef elatalI
<br />tolllll~oI;
<br />
<br />III Coal 01_ _ 0I11tle _1811 In _Ion wtlIllUOlloalll and 01
<br />My-~
<br />
<br />(I/) All _ _ _uled helalloy;
<br />
<br />(Ill) n..__, II any. 101lIa_lllgallyanlllled U-ato.
<br />
<br />16 Outl.. Ind Obllgallona 01 TruItt', Ii) The dulle. and abllgltlona of Trult..
<br />shllll be d.lermlned SOlely by Ihe OllprOO' provl'lon, ollhl TruI' O..d Ind T,u"..
<br />Ihln not be lI.bl, excepl fOt tho p.f1ormanCI of 'uc" dull.1 and obligation, .1 ara
<br />Ip.clfl"IUy ..t forlh h,rt!n, Ind no Implltd "ovtn"'111 0' obllOlllon. ,hall 1)0
<br />Impo..d upon ftutlOe; (b) NO provlllon 0' Ihl, Tru.t O.~ .hlll 'tQulr. TrUll" to
<br />IXp.nd or rll!l~ hll own fundi. or Olherwll' Incur ,ny "OII'\CIII obllglUon In I~
<br />perlormancl ot any at It, dull" htrlund.r, or In thl eXlfol.. Of any of III rlghl or
<br />power3. II II shall have grounds for believing Ihal the repayment 01 luch lunda or
<br />adequa1e Indemnlly against such risk or liability II nol reslIon3bly aDeured 10 II; (c)
<br />Trustee may consult wllh counsel of hiS OWll chaoalng and lho advlcl of eueh
<br />counsol shall be full and complete authorization and prolecllon In the r.specl 01
<br />a.,y acllon laken or sulfered by it hereunder In good faith and reliance I....reon; (d)
<br />Truslee sh.1I nol be liable for .oy Bellon takon by him In good tIlth and
<br />believed by him 10 be authorized or within Ihe dlacrellon or rlghll o. powere
<br />conferred upon It by Ihl! Trusl Deed.
<br />
<br />17. Adelltklnal Securtty Inllrumenl.. Trualor, .Iltl ex pen... wllle..Kule and deliver
<br />to 'hi Trultll, promptly upon demand, luch NCurlly Inllrumenll 8' may be
<br />requlled by Tr~.I... In lorm .nd .ubll.nce UII.'.clory to Tru.t... eovarlng .ny 01
<br />lhe Proparly conv.yad by Ihl. Tru.1 Dead, WhiCh ..cullly jnllrum.ntl Ihall l)I
<br />eddltlon.1 ..ourlly lor Trustor', I.Uhlul perlOlm.nce Of.1I 01 the t.rml, covenan..
<br />and condlllon. of Ihl, TrUll Dead. tho promluory not.. NeUled her.by, .nd Any
<br />other McurUy Inllrumenls OX8-CUled In conn.cUot'! with thll IrantACUM. Such
<br />Inl'rumenll .hlll be r&corded or fIIec1, and r.recorded and remad, II T"'ltOl""
<br />IxpenH.
<br />
<br />18. IIlI_fe_..
<br />
<br />(I) lil the oven' anyone or more of the provlslonl contalntd In thll TrUll Deed Of
<br />lhe promllSory nol. or .ny olher _urlly Inlllum.nl gjv.n In con_lion with
<br />Ihls 'rlns.cllon shIll lor any re..on be held 10 be Invalid. Illegal or
<br />unen'o(ceab~ In any respect, ouch Invalidity, lIIegallly, Of' unenforcMblllty
<br />shall, althe opllon of Beneficiary, not IlIact any olher provlllon 01 'hi I TrUll
<br />DHd. bu! Ihl. Tru,t Died ,h.1I bo con,trued U If .uch Inv.lld. Illegal, or
<br />unentorceable provision had ne'i'er been contll~ herein or therlln,
<br />
<br />(b) Thl. Tru.1 DMd .h.1I IllI con,lrued .ccordlng 10 .he I.w. of lha Stll. 01
<br />N.braskl.
<br />
<br />(C) Thll Trull Deed shall Inure to and bind lhe helra. leg. I.... dt!vl.....
<br />admlnlltratorl. executora, luccel.ora and ...Ignl of lhe parti'l herllO.
<br />
<br />(d) Trullor shIll pay all taxea levied upon Ihls TrUll 0Hd or the debt Neurad
<br />hereby, logelher wllh any other tl!lSI or a.sellmerll. which may be IevJed
<br />Igalnst lhe Truatee or Beneficiary or lhe legal holder of aald promllaory nole
<br />on .ccount 01 lhe Indeblednall8vldenced lhereby.
<br />
<br />(e) When.yer used herein, the singular numb!tr shall Include the plural, lhe
<br />alngullr,lhe UM 01 any genaer shall be applicable to All genae,., And Ihll~m
<br />.'Beneflcllry" IIh.lIlnclude Bny paYM ollhe lndebtednul hafeby HCured or
<br />any lran3ter thereof, whelher by operaUon of law Of otherwl...
<br />
<br />19. ~1tOf TAIIIN. Beneficiary mlY from Umelo Urns lubltltute I IUCt:...or Of
<br />luccellOrl to any TruIIM nlmtKf herein Of acting hereunder 10 l"l(,:ule 11'111 Trult
<br />DHd. Upon .ueh appointment .nd without conveyance to lhe IUCCMeOr Trult_.
<br />lhe IllIer .hlll be yelted wllh III 1It18, powI,., and dul"l conf....red upon any
<br />Tru.t.. herein namld or Icllng heroundlr. eaCh luch appointment and
<br />.ubllllullon .hall be mad. by w,llI.n loat'umenl by _,lei.ry, containing
<br />"flrence to Ihll Trult Deed Ind III place ot rlt'::Ofd, which when recontact In thl
<br />oHlce o"he Ragl.l.r 01 Deed. 01 the counly or coun'lea In which M'" property I.
<br />Inulted Ih&:U be conclullve proof oi proper appolnlment ollhl aucCMaCf Truet...
<br />The IOfagolng pow., o. "JbltltuUon .nd .he procedu.. .hel.'o:a ahall not be
<br />.XCIUllvl Of lhe pow.r .nd procedure provided fOf by Ilw fO( Itw lub&lIIuUon of .
<br />Tru.'M or T",.t...ln'he pl.c. 01 the Tru.IM.
<br />
<br />20 F_ranca by _,IcI.ry 0< TN.... Hot . W._. Any lo_r.""" by
<br />Sensllclaty or TrUll.. In ex.erelalng any rlghl or ramedy hereunder, or aU........
<br />afforded by appllcable'I., .hlll not be . .al.lr of or prKlude the aXlfcl.. of any
<br />right or remldy hereunder. L1klwlM, lhe walYIr by Benellclary or fru1'" of any
<br />dal.ult 01 Trultor under thl. Tru.. Da!Id .helt not bI_ to be . w.l_ 01 .ny
<br />01.... Of .Imll., dal.ult.lUbMq.....tly occurring.
<br />
<br />21. TlIlIlclr Nil __. ElII.n.'on 01 the time lor pay,,*,t or modlllcellon or
<br />amooluUon ollhe .um. _ured by Ihll Tru.. DMd gr.nted by Ben.llcl.ry to .ny
<br />&&Jccal8Of In Inter..1 01 TruIIOf ehall nol opelall 10 r....... In any manner, IhI
<br />liability 01 lhe orlgtnal T'u.IOf or T,u.tor'. IUC_ In In._I. .....,Ie'-ry ahall
<br />not IllI requl_ to cornman"" pr~I"llI _Ioat .ucII --.or or retuM '0
<br />u'and time lor payment or ol"",,"IM modify amortlzallon oI.he IUme MCU_ by
<br />IIlIll .ru.t DMd by.-. 01 any _ _ by.... or1gInal TlUlItor and TlUlIlor'.
<br />-.In Inl_1.
<br />
<br />22. DelaoA Ilt_ ahall be . cIIIlault u_ .hl. DMd 01 Truet Dr u_ any prior
<br />mort_ .... lIeMllcliIIY ....y llIlN IUCIl default, llIId lIIe _nta __ by,
<br />and "'hel ooah and u_ 01 lhe benellclary In outing _ cllllaull, wll1i
<br />Intar..t .llhe clel.ull ,.1. cont.lned 'n Ilia HoI. MCUI8d ".,. lrom .... II.... 01
<br />.... _.nCH or pay,,*,t. allall be __ to'he I_ed_ MCuI8d by IN. Truet
<br />~ .nd ".y be collac.ed __ .. .ny II.... .Itar Ilia lime 0I1UOll __
<br />Of pay....... and.,..1I be _10 be lIeOUl8d helaby.
<br />
<br />23. o,tIool to F......... Upon the occur.""" 01 any clalault __. Benellclary
<br />ahall ha.. the op.1on 10 lOfecloM thl. Tru.' DMd In .he man_ provlcllld by ... tor
<br />lhe IOfeclceUIII 01 mortgegoa on IMI plopany.
<br />
<br />24. T_....... II..... AllMnI Delautt. Unlll any cIeol.ull In .he P.YlMnt 01
<br />I.-.edne.. helMy Neured or unlll.he br..ch ol.ny covenant hel.ln conlalllld,
<br />.he Tru.lor. II. .uccau".. .nd ...Ign.. .1Ia1l __ and .njoy 'he propany, and
<br />....... the ran.. and prom. tller.lrom. Upon paymenl 01.11 au... MeU_ by Ihla
<br />Truel DMd. Benellclary .hall 'Ill..... Tru.t. 10 reconvey lhe prOl*lY .nd ahall
<br />IUrr.ndM Ihl. TN.t DMd and .11 nol.. .vlclllnclng ,__ _ured by Iht.
<br />Tru.' DMd to TIU.tM. Tru.'. .h.1I reconvey the property wllhoul war,anty and
<br />wllhoul cherge to lhe pallOn. lagally enlllled t......o. The GlanlM In any
<br />reoonvey.nce may IllI daacrlbed a. ".he paraon u pallOl1l antltlad thel,",o." and
<br />ilia racll.l. I......n 01 .ny m.II.,. or lact. .hell be conelual.. PIOOI 01 the
<br />'N1hlul~. '.......,. Such parlOn or paraon. .hell pay .11 cael. 01 rac".dlftG, II any.
<br />
<br />25. AooaIar._ III .... E_I 01 T.....I... In lhe .vont .he IItIe to Mid 'MI..t.l. I.
<br />tranafwred, or contraelad to be tr.nlterred, from lhe underalgned for any rulOn or
<br />by an~ melhod whalaoev.... I.... .nllre principal aum and KCf'U6d Inl...1 ahall at
<br />once bocoma due .nd p.yabl. .1 11II.lecllon 01 .he 8eM/lclary. Falluralo ....cl..
<br />u.... opllon bocau.. of Iranafer of 1111. .. above alatad I,p one loalance ahall not
<br />conatltule a wAl., ollhe rlgi'U to ...erel.. IhI..me In the........1 01 any eubMqUIIII
<br />I1omII...
<br />
<br />.. TllIa _ oIlru.t l.junlOf 10 one claled
<br />
<br />N/A
<br />
<br />_lad by Truelclr to
<br />
<br />T-.
<br />
<br />MCIIfIng . prlflClpal no16 lor
<br />
<br />DolIAn and !lied lor record wllh lhe I'lagl.t.. ollle!lda.nd ldanllllad ..'oIlowa;
<br />
<br />r
<br />r'
<br />
<br />,..
<br />
|