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<br />l <br />r <br /> <br />I <br /> <br />I <br /> <br />(d) Beneficiary may elect to cause the Trust Property or any part thereof to be sold under the power of sale, and in such event, <br />Beneficiary or Trustee shaf! give such notice of default and notice of sale as may be then required by law. Thereafter, upon the <br />expiration of such time and the giving of such notice of sale as may then be required by law, Trustee, at th'i! time and place specified <br />by the notice of sale, shall sell such Trust Property, or any part thereof specified by Beneficiary, at pUblic auction to the highest <br />bidder for cfJsh in lawful money of the United Stat,9s oi America. Upon receipt of payment of the price bid, Trustee shall apply the <br />proceeds in the following order: (i) to the cost and expenses of exercising the power of sale and of the sale, including but not limited <br />to, trustee's fees or not more than $500.00 plus one-half of one percent of the gross sale price, and reasonable attorney fees, (ii) to <br />the Indebtedness, and (iii) the excess, if any. to the person or persons legally entitled thereto. <br />All costs and expenses incurred by Beneficiary in enforcing any right under this Deed of Trust, including without limitation, abstract or title <br />fees, appraisal fees, premiums for title insurance, attorney fees and court costs. shall be and constitute Indebtedness secured hereby. <br />27. Duties of Trustee. Trustor agees that: <br />(a) Duties and obligations of Trustee shall be determined solely by the express provisions of this Deed of Trust and Trustee shall not be <br />liable except for the performance of such duties and obligations as are specifically set forth herein, and no implied covenants or <br />obligations shall be imposed upon Trustee, <br />(b) No provision of this Deed of Trust shall require Trustee to expend or risk its own funds, or otherwise incur any financial obligation in <br />the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, <br />(c) Trustee may consult with counsel of its own choosing and the advise of sllch counsel shall be full and complete authorization and <br />protection in the respect of any action taken or suffered by it hereunder in good faith and reliance thereon, and <br />(d) Trustee shall not be liable for any action taken by it in good faith and reasonably believed by it to be authorized or within its <br />discretion or rights or powers conferred upon it by this Deed of Trust. <br />28, Security Agreement and Fixture Filing. This Deed of Trust sha/J constitute <l security agreement and fixture filing under the provisions of <br />the Nebraska Uniform Commercial Code with respect to those fixtures described in the preambles hereof as constituting a part of the <br />Trust Property, together with ail other property of Trustor. either similar or dissimilar to the same, now or hereafter located at or on the <br />Trust Property, <br />29, Future Advances, Upon request of Trustor, Beneficiary, at Beneficiary's option, prior to full reconveyance of the Trust Property by <br />Trustee to Trustor, may make future advances to Trustor_ Such future advances, with interest thereon, shall be secured by this Deed of <br />Trust, At no time shall the principaf amount of the Indebtedness secured by this Deed of Trust. not incfuding sums advanced to protect <br />the security, exceed the total sum of $ 7').000. on . Advances of disbursements made by Beneficiary to pratsct the security, <br />under the terms hereof, while discretionary, shall not be deemed to be optional advances. <br />30_ Reconveyance, Upon payment of aI/Indebtedness secured by this Deed of Trust, Beneficiar}' shall request Trustee to reconvey the <br />Trust Property and shal/ surrender this Deed of Trust and all notes evidencing Indebtedness secured by this Deed of Trust to Trustee. <br />Trustee shall reconvey the Trust Property without warranty and without charge to the person or persons legally entitled thereto, Such <br />person or persons shall pay all costs of recordation, if any. <br /> <br />31. Substitute Trustee, Beneficiary, at its option, may from time to time remove Trustee and appoint a Successor Trustee to any Trustee <br />appointed hereunder by an instrument recorded in the county in which this Deed of Trust is recorded. Without conveyance of the Trust <br />Property, the Successor Trustee shall succeed to all title, power and duties conferrf:d upon Trustee herein and by applicable law. <br />32, M:scellaneous Rights of Beneficiary. Beneficiary may at any time and from time to time, without notice, consent to the making of any <br />plat of the Trust Property or the creation of any easement thereon or any covenants restr,-c;ting use or occupancy thereof or agree to <br />alter or amend the terms of this Deed of Trust. Any personal property remaining upon the Trust Property after the Trust Property has <br />been posf!~ssed or occupied by Beneficiary, its agent or any purchaser following Trustee's sale, foreclosure, or under any deed in lieu <br />of Trustee's sale or foreclosure, shall be conclusively presumed to have been abandoned by Trustor. <br />33. Notice to Trustor, Trustor hereby requests that a copy of any notice of default and notice of sale made or executed by Trustee pursuant <br />to the provisions hereof be sent to Trustor at its mailing address set forth hereinabove. <br />IN WITNESS WHEREOF, this Deed of Trust has been duly executed the dID' and year first above written. <br />Niemoth Fa' Partner hi Ltd.' <br />.> <br /> <br />COUNTY OF <br /> <br />) <br />)ss. <br />) <br /> <br /> <br />H:J 11 <br /> <br />~~~~:::::::"' <br /> <br />STATE OF NEBRASKA <br /> <br />On this 25..th1ay of Aprf 1 , 19 -8B., before me, a notary public in and for said county, personally cameR""",, t"h F. Ni emoth <br />General Partner ,and Lois L. Niemoth C:pnpr,ql p,qrtner , <br />of Niemoth Family Partnershi p. Ltd. ,known to me to be the identical persons who <br />signed the foregoing Deed of Trust and acknowledged the execution thereof to be their voluntary act and deed, and the voluntary act and <br />deed of said corporation. <br /> <br />WITNESS my hand and notarial seal on this the day and year last above written, <br /> <br />COUNTY OF <br /> <br />Hall <br /> <br />) <br />)ss. <br />) <br /> <br /> <br />(SEAL) <br /> <br />STATE OF NEBRASKA <br /> <br />On this .25.d1day of Apri 1 , 19....sa. before me, a notary public in and for said county, personaJ/v came K pnn p t h J<' Ni.en1o t <br />and Lois L. Ni pmnt.h , known to me to be the identical persons who <br />\ signed the foregoing Deed of Trust and acknowledged the execution thereof CO be 'heir voluntary act and deed, <br />~ \ WITNESS my hand and notarial seal on this the day and year last above written, <br /> <br />.~(SEAL) <br /> <br />}' <br /> <br />1 <br />c <br />u.J <br /> <br />xc <br /> <br />~i~> <br />N ~w~:. ~. <br />L' , j -.;j' . <br />. ~'~ U, J . <br />~ I Q .. '1:;: . . <br />. r:l1~'- <br />::= ~ :.."!. <br />, <.: ~, ;;>' <br />00 <br />"f.) <br /> <br />No! aty Public <br /> <br /> <br />.... <br /> <br />L <br /> <br />- <br />c <br />tl <br />E <br />g <br />Cl <br />;1 <br /> <br />I""-J <br /> '..,~ ) I' Mr COi1lmJSSJOn l- <br /> I. <br /> U <br />I:..... <If( <br /> a:: <br />'" t- <br /> (f) <br />. >oJ . <br />i; c( <br />. -. . <br /> - <br />r , . " . <br />i ; ... Cj <br /> <br />I... <br /> <br />',; l, <br />