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<br />I <br />'co <br />co <br /> <br />.. ........ ~ Lind" I, htI"b~ ''''gRed .11 compenUtlon, ...rds. dlmlg.. .nd oth.r payment. Dr rell"r thereln.fler "Proc..ds") In cooneello" with <br />condIi""""on Of oth.r 'Ilclng O'lhe Propertw Of p8rt .M,.'. or tor convey.nCltn Ilau 0' condemn.tlon. Lend., shill be .nUlled.t Itl optlan to commence, appelr In and <br />ptOIKUIIIln III own name.nr action or prOCMdlngl. Ind Ihall Ilia .,ntltlld to mike any compromise Dr IllUlmenl In connocl!on with luch t'liIlng or dlmage. In the <br />_..., portion oIlhe P,oport~ '.10 qk.n or dalNged, L.nda, .""11 h.welh. oplIon, In II. .010 .nd .bloluld dllcrellon, 10 .ppl~ oil luch Proceed., OnO' doducllng <br />,,*,,"-,aaCOllland .Ipenanlncurred b~ II In COMKtlon with IUch prOCeedl. upon anY' Indlbtedn",.lcur.d hereby and In such orde' II Lllndtrmlydllermlne. or to <br />eppIr.. IUCfI ProceedI. after ,uch deduction., to lhe ,,,'of.tlon ollhl Property upon luch condlllo". a. lender may determine, Any Ippllullon of Proceedl 10 <br />tndIb.............. not e.tend Dr poatpOne the due dlle 01 an)' PIIvmentl under the Nole, or cure Iny default thereunder or hereunder. <br /> <br />f. ............... LeedIr~ Int"e..,.nto.8orro..r'".llure 10 perform anyot the covenenl. herein or meke IIny pl)'ment&requlred hereby. orlt Iny le.tstlken or <br />1agaI...-I"II commenced whlchmal....II~.lIocll Lender'.lnl._In the P'operl~, Lender mo~ In 1I.0wn dl.crellon, bul wllhout obllgollon lodo .0, ond wllhoul nollco <br />toordlmlrtdupon Borrower and without relHllng Borrower 'rom any obllgltlon, do Iny aCI which the Borrow,r hi' egreed but 1.I'sto do and mlY alia do anyolher act it <br />diems f'IeeeIIaJY to protect the MCt.Irlty "'reof. Borrower IhIU.lmmltdl.tely upon demand thl'.'or by Lender, pav 10 lender all COlt.lnd IlCpen.e.lnt;urred and lum. <br />upended by Lender In connection wilt. theeaerclH byllnder 01 Ihe'oregolng righl', Iogltherwllh Interell thereon atlhe rale provided In the Nole, which Ihan be Idefed to <br />tile ~_ ORU"" "'reby. Lend., shall nol Incu, In~ pellOnalll.bltll~ becau.. ot .nylhlng II m.y do or omll 10 do horeundor, <br /> <br />e. 1_..0alaIIIL T...,olI....."II.""1I conotIM..n ...nl 01 dal.ull uncler Ihl. Deed 01 T,uII: <br /> <br />e'l F.l1u"IO"'~ .nylnlqllrnenlOf p,lnclpol 0' 'nl....1 0' .n~ othe..um lecu,od horeb~ whendu., o,tol1urelo po~ wh.n duo .n~ olho, Indoblodneu 01 <br />_10 L.nder; <br /> <br />lb. A breactl of or dllault under Iny provlllon contatned In Ih. Nate, Ihl, Deed of TrUll, any document which securel Ihl Nol., and .ny olher <br />_limb...... upon Ih. Property; <br /> <br />(e) A wrlloll.eculJonor aibcnmlnl oranv Ilmlllfprocl.lh.U b. .nt'rec:lagainst Borrower which shan become. n.n on the Propert'l or any portion <br />._ 0' Inl....llh.""": <br /> <br />Cd) There shalt be filed by or agatnlt 90ffOWllr an acllon under any pretent or 'uture lederel, Ilat. or other ItatulI, law or reglJlatlon relating 10 <br />bankruptcy.lnsolvenc)' or other renet 'ordeblors; or there shallbe appointed any Irulln, reeetver or IIquidatorol Borrow.ror or all or any Plrt 1:1 the Properly. or <br />1M ""8. ague. or ptotlll thlreof. or Borrower Ihall make any general..llgnmenl for Ih. benefit 0' credllors. <br /> <br />(e, The Hie, 1ransfer. alllgnmenl, conv.yance Or further encumbrence at all or anv pan of or any InleresI In ttie Property, either volun,arlly or <br />InvoIunllrily, wilhout tha ...pml written consenl 0' Lender. <br /> <br />Cf) If Borro..r J. "011" Individual. the .ale, Iranlf.r. a..ignment, conveyance or encumbrance of more than _ percenl of (if. corporallon) JlI <br /> <br />....... and out'tlnding Itock or (I'. partnership) _ ;lBrC8nl of partnership Inte,-."tl <br /> <br />9. R""-": AcceIenUon Upon De.IUIL In the evenl 01 any Evenl 01 Der.ull Lender may declare aUlndebledness secured hereby 10 be due and payable and the <br />..me shall thereupon become dUI and p.yab.. withoUI Iny presentmenl, d.mand. prolell or nOllce 0' Imy hind. Tharealler Lender may: <br /> <br />CI) Demand thai Trustee...rclse the POWER OF SALE granted h.r.ln, and Trustee shalllhereafter cause Borrower'llnterest In Ihe Property 10 be sold <br />.nd the proceeds to b4!I dlltributed. .11 In thl manner provided In the N.bruka Trust Oeedl Act; <br /> <br />(b) Either In person or by agenl, with or withoul bringing any acllon or proceeding, or by 8 receiver appointed by a court and without regard to Ihe <br />.dlquacy of illlltCurjly. .nler upon and lake poslftlion of the Properly, or any part Ihereot,ln ill own name or in the name o'lhe Truslee.and do any aell which <br />It deeml nec....'Y or d.llrable 10 prflerve Ihe value, marketabillly or renlabillly of the Property, or parllhereof or intereltlhereln. IncreBIe the income <br />therefrom orprolect the security hereof Ind. with or without IIlking possession o'lhe Properly. sue lor or otherwise collect the rents.lssuBsand prolllsthereo', <br />Including Iho... palt due and unpaid. and .pply the lime, IIISlcoslland expenses ot operation and collection Including attorneys' tees, upon anv indebt.dness <br />secured he,.by. all In auch order allender may determine. The entering upon and laking posseSSion of the Property. Ihe collection of such reota. illues and <br />pro~1I1 Ind lhlllppllcation thareo' Ilaloreuld,lhaU not cure orwailfe any deflult or notice of default hareunder or Invalldale any act done In relponlltoluch <br />detlult Of' pu,.Ulnt 10 IUch nollce of default and. notwithstanding the continuance In poneulon of fhe Property or Ille collec1ion, receipt and Ippllc.Uon 0' <br />renla,loun or profltl, Trult.. or lender Ihlll be entitled to ..ercIH eVlry right provided for In any of the lOin Inslrumenll or by Ilw upon occurence 01 any <br />....,t of dIIaulI, Including the nght to eaerclM the power of Hie; and <br /> <br />Cc) Commlncl In .cUon 10 loreeloae this Deed 0' TrusllS I mona.ge. appoint II receiver. or tpecj'lcl!llly enforce an~ of the co,...,nanll hlreo'; <br /> <br />No ntmedy herein con'erred upon or reserved to TrUltee or Lender Is Intended to be e.clullve 0' any olher remedy he,el" or by law provided or permitted, but each sh.1I be <br />cumulative, lhall be Irl addition to every other remedy given her.under or now or here.fter uiltlna allaw or In equity or by Italule. and may be exerclled concurrently. <br />I.....-I~ or ouc:ceui..Iy, <br /> <br />10. T....... The TrUltH ml)! ,..Ign II any lime without cause, and lender may al any time aod wilhoUl cause appolol a succe!lSor or suballtute TrustH. Truslee <br />IhIP not be IlatQ for Iny 1011 or d.mege untol du. 10 actionable negligence or willful misconducl. and shall nol be reqUired 10 take any .cllon In connBcllon wilh the <br />anforcImenl of Ihl. 0Md at Trult unteulnd.mnj'led, In wrt1lng. 'or all COltl. compensalion or eJtpenaes which may be 8Isociated therewith. In addition, Truslee may <br />become. purcttaer I' In" ....of U.. Property (judicial or under the power of ..Ie grlnled hlreln~; pOltponl the ,ale of all or any portion of the properly. as provided bylaw: <br />or.... thCI Ptopsrty III whole. or in Mparale parcell or lots <br /> <br />11. ,...... ~ Upon requnl of Borrower, lendlr may. allll option. make additional and fulure advances and readvanees to Borrower Such adv.nculand <br />~Vancel. Mth In......t thenan. Ih.1I be secured by Ihit Deed o. Tru't. At no time Ihlllthe principalllmount olthelndeblednBIS secured by this Deed of TrUll. not In. <br /> <br />c:fucI1ne lumaldwanced to protect 1M security 0' Ihil Deed 01 Trult. ..cnd the originll principal amount Ilated h.reln, or S " , Cj 1.., R' , whichever is <br />_tar, <br /> <br />12.__ <br /> <br />Cat 8orrower Hal........... Elttenllon 01 the time for paymenl or modification ollmOJllzalion of the sums !!ecured by Ihis Deed 01 Trust gflmted by <br />Lender toany IUCC8UOr In tnt.....1 at Borrowet' ahan not operate 10 rel'lse.ln Bny manner, Ihe lIabUlly or the ariglnalBonowor and Borrower', luccetsors in <br />Inte.....l.nder.,.lI no' be required to commence proceedings agall'lstluchluccelsor or relule 10 Bxtend lime 'or payment or otherwise modi.y amortlzalion <br />of the IUl'ftl,~;ed by Chll Deed 0' Trult by rUlKln of Iny dlmlnd, m.de bv the orlgln.' Borrowe, Ind Borrower'. succes.ors In Inlernl <br /> <br />(b) LendIr'IPowet'a. WlthoulaUecllng the Il.blflty of any other peraon liable lor Itle pavment 01 any obligation herein menlloned,and wlthoulaflectlng <br />the lien Of'charge at Ihlll\eed 0' TruI' upon any portion of the Property not then or theretofore relealed.. securlly for the full.mount of III unpaid obllgatlonl, <br />Lender may. rrom timet to Ilml and without notice (I) rele... any person 10 IIlble, CU) extend the maturity or alter any ollhR term. of an~ such obllgallons, (ill) <br />grant other indulgences.liv) rein.. or reconvey. 0' cause to be rele.sed or reconveyedat an)' time at Lender', opllon'lny parcel. portion or all 0' the Property, <br />Cwl ...or........ any olher or addltJonalaecurlty 'or any obligation herein menlloned, or lvi) mike composlllons or 01her a,rang.ment. with debtors In relalion <br />-, <br /> <br />Ce, ~ '" LendlIrNoI. ..ner. Any forbearance b)' Lender In exerciSing any right or remedy horeunder. or otherwise afforded by applicable <br />"'.shlll nol be..alveror or preclude the ...rel.olany such righl or remedy The procurement of Insurance or Ihe plllyment 01 'a.elor other lien. or charge. <br />by Lender llhall not be a ..Iver at Linder'. right to _cceter.le lhe maturity ot the IndeblednelllllCured by this Deed or Trust. <br /> <br />Cd) 1uccaIora... AaIgna aound; JoInl Md .....raI Liability; cepUon.. The covenant. and agreements herein contained shall bind. and Ihe righls <br />helwunder Ih8U inure to, the rllpICllv'lUccllsoraand Inlgns of Lender and Borro.er. subject to the provlllons 01 parlllgraph 8 (e. hereof All covenanls and <br />IIgf1IefftefIII d. Borrower shall be iolnl Ind ...,.r.1. Thl cepUons.nd heading. of the paragraphs at this Deed a' Trusl are fer conlfltnience only and .re not to be <br />.... to interpret Of "'iMlhe provlsionl hereof. <br /> <br />(I) ....... lor Nottcea. The partin hereby requelllhBI a copy of any nollee at derault herounder and III copy of Bny notice of sale hereunder be mailed fa <br />uch party lolhll0Hd0'Trutt81lhl ICldreu HI 'onh ab0Y8ln lhemanneJ pr..crlbed b)'lppllcablel.. EIClp1 'or any o1her nollCI required under.I'pIiClble <br />... to be given in another mannlr. Iny notice prOylded for In this D.ed 01 TrUlllh.n be given by m.lllng luch notice bV certified m.lI.ddt....d 10 Ihe 01her <br />partiIa,., 1111 _.... HI lorth .bo.., <br /> <br />Any notice provided for in Ihll Deed of Trultlhlll be deemed 10 hl'tll been given 10 Borro....r or lender when ~iven in Ihe manner designated herein. <br /> <br />Cf) ~ Lendar m.l' rnakeorcauMlabe madere..onabl.enlrlel upon and Inlpectlonl of the Property, provided thlt Lenderlhlll give Borrower <br />naIIcI priof 10 any -such inape:c:llon apecifylng reuonable CI~ therelor rel.ted to Lend.r'llnt.rett tn the Property. <br /> <br />C5U necon...,ece. Upon payment or allluml secured by thll Deed 01 Trust. Lender ,hall request Truatee to reconvey Ihe Property and shlllllSUHonder <br />thtIo.ctol TrUlt end aU notnevidlinclng Indebtedne.. ..cured by thll Deed of Trult to Trullee. Trult" shall reconvey the Properly withoul warranty and <br />wIIhouI tharglllO thIi penon or ..,.,. legally mtttYet IMmo. Such person or personslhalt p.y all COlts of recordaUon. If any. <br /> <br />(hi .........~, IecutttrAgfMllllftLA.addltion.lleCurit)' 'orthepaymentoftheNoteaU fixlures. equipment and other personal property used <br />lnc:on.cUonwtlh Iha.......... or ImprDYImentllocet.d thereon, and not olherW"8 dec'lredor deemed 10 be I part of Ihe real ellate secured hereby. shill be <br />IUbiIcI toaMCUrity Interat In 'avor of lhe land., undPr It'll Nebruk. Unllorm Comm.rcla' Cod.. Thll lnllrum.,nl shan M construed 1.1 Security Agreement <br />..... u1d Coa. and ,"lAnder ahlll ha... al1lhe flgh" and r.medl.. 0" ..cured party under said Code in .ddition 10 the righlland I1Imedlll cre.ted under <br />__1111 ~ pu......" to Ihll DIod 01 Tru." <br /> <br />(I) .......... In the ewenIlhaI any Pfovilion of th.. Deed at Trult confllCI with applicable la. 0' are declared Invalid or otherwise unenforce.bl., luch <br />conlicl_indIldlty IftIU not aHeC1 thl other prowlllOM 01 thll Deed 01 Trult or lhe Noll ",hlch Cln be given effect wUhout the conflicting provlllon. and to thil <br />_.. ~ OIl tile _01 T,uot_1hI NolI..._..., 10 be_rablo, <br /> <br /> <br /> <br />~;i~;;::rl:::nl <br /> <br /> <br />~ <br />..ao <br />.... <br />C'f <br />c::> <br />... <br />I <br /> <br />-:n..e-<:~trM... <br />Borrower <br />(Raymond Zimmerman, A Married Person - Husband) <br />