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<br />88- 103490
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<br />pursuant to judicial foreclosure, the ~ of the sale shall first be
<br />awlied to COUrt costs and other costs Of foreclosure.
<br />(c) '!he proceeds of the sale shall thereafter be applied as follows and
<br />in thE! order s1:ated below:
<br />[i] Cost of any evidence of title ~ocured in connection with such sale
<br />tiil m~WA= ~ to be paid,
<br />ii ] All sums secured hereby,
<br />iv] Junior' trust deeds, IlPrtgages, or lienholders,
<br />v] The remainder, if any, to l:lie person or persons legally entitled
<br />thereto.
<br />(d) Any statement contained in any other section of this deed
<br />notwiths~ the Benefic~ shall not 00 entitled to receiVe or take and
<br />debtor shall ii6t be cbligated to payor give any confession of judament, pcMer
<br />of atto~ to confess jUdgment, pcMer oJ: attomey_ to aP.Qear for. fhe bOrrower
<br />in a judicial proceedlug or agreement to pay the costs of collection or
<br />attorn~' s fees, unless such acts of collection would not otherwise be
<br />PJ:Ohibit:ed ~ applicable law, p'rovided, however" this section does not apply
<br />l:o the TrUStee fee referred to in paragraph 11 (D) above.
<br />12. Mditicmal security IDStruments. Trustor, at its expense, will
<br />execute and deliver to the :Benefici~, pronptly upon demand, siich security
<br />instruments as may be r~uired by tlie g-enefiCl.~~rm and substance
<br />satisfactory to = Benefici!'l%Y, covering any of the convey~~:U~. this
<br />~o;'s~~:I ~~cir ~a~~~~~~land~ti~~
<br />of this Deed of' TtUSt, the pranissory notes secUred h,ereby, and ~ other
<br />l?ecurity instruments executed in connection with this transaction. Such
<br />1nSt:rt.mJ:!hts shall be recorded or filed at Trustor's expense.
<br />13.Appoint'-tt of SltCiCe""~ TnIStee.Beneficj,ary", may fran time to time
<br />by written instrument executed and ackr1cMledged J:Iy ller1ericia]:y,l mailed to
<br />Trustor and recorded in Hall Nebraska cmd ~ otherwise COI..lPIYl.lP3" with the
<br />provisions of the applicabfe laws of the SUite of Nebraska sul5stitute a
<br />successor or successors to the TrUStee named herein or actiD;J hereunder.
<br />14.~. Beneficiary, or its ~ts, representatives or workmen,
<br />are authoriZed to enter at ~ reasonable Ume upon or in aJ1Y part of the
<br />~o !rty for the pU1-pose of inspecting the same and for tlie pllqlOse of
<br />o~ ~ of 1:he acts its is authorized to perfODll under tlie terms of
<br />s Deed of TrUSt.
<br />15. ~ to I.l'cInCloee. 9POn the occurence of 8!lY default hereunder,
<br />Beneficiary _shall have the option to foreclose this Deed of Trust in the
<br />nanner provJ.ded by law for the foreclosure of IlPrt~ em real property and
<br />at such optiem thIs Deed of TrUSt shall fm1Ctiem as such a IlPrtgage.
<br />16. Forebearance by Beneficiary or 'frustee Hot a ..aiver.~n
<br />forebearanoe by Benefici~ or Trustee ln exercisioo ~ right or
<br />hereunderl._ or Otherwise afrorded by applicabl~.:.~ shall not De a waiver 0
<br />or ~luae the exercise of arrj sum right or . Likewise, the waiver by
<br />Beneficicu:y or TIustee of arrj default of TIustor under this Deed of TrUSt:
<br />shall not be deemed to be a waiver of any other or similar defaults
<br />subseqUently occurring.
<br />17. Trustor Hot R.leased. Extension of th time for payment or
<br />no:lification or aIlPrtizat10n of the smns secured py this Deed of TruSt ~ted
<br />by Beneficiary to arrj suoc:essor in interest of TruStor shall not operate to
<br />release, in any manner, the liability of the original Trustor am "TrUstor's
<br />successor in l.nterest. Beneficiary shall not be required to commence
<br />proceedings @~inst sud1 SI,lCCE!$SOI' or refuse to exterd the time for payment or
<br />Ot:herwise-11Dd1fv arrj. anDrtlzation of the sums secured by this Deed of TrUSt l;Iy
<br />reason of any demaiii made by the original Trustor or ""rrustor I s successor ii1
<br />interest.
<br />18. BelleficiaJ:y"s POMerB Without affecting the liability of the TrUStor
<br />or ~ other ~son liable for the payqent of <PlY _ obligation Herein mentioned,
<br />a~nd without affecting the lien or charge of this Deed of Trust uppn any
<br />on of the p~rtY not then" or theretofore released as security for the
<br />11 amunt of all UIJP!llid cbligations, Beneficiary may, fran time to time and
<br />witbx1t noti~" . (i) release arrj I1&SOl'l so liab~le (if} exterd the maturity or
<br />alter ar;y of me terms of arrj SUCh cbligations, ill) grant other indulgences,
<br />~lelease or reconvey, or cause to be relea or reconveyed at ~ Ume a~
<br />re ~~~~~ ~~l,~'tg;'fgi :iJ ~lm:t~~ (;:k~0ne3~
<br />or (vi) llBke compositIOns or other arrangements wi'th debtors J.n relation
<br />thereto.
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<br />19. ~ii'~ by 'f'n8t8e. tJP.:ln written ~st of the Beneficiary
<br />statigg that al sums Secured herebY -have been palo.. and l.IpO!I surrender or
<br />this Died of Trust and the Note to TIustee for cancellation and retention and
<br />UPOI'I~ TrUStor of Trustee's fees., TrUStee shall reconvey to Trustor or
<br />tlle or persons legolly entitlea thereto, without warranty, any ~ion
<br />of Pn:lper9t then held hereurder. The recitals of any matters or facts
<br />shall be c:cnclusive pz;oof of the truthfulness thereof. The grantee in any
<br />r~anoe l1lIIY be described as wthe persoo ot persons legally entitlea
<br />theretO .
<br />20. 1lIaIt1.we lIIIId ~ 'ltm..efan!. Except for Cl!1Y ootices, demands ·
<br />req!J!BBts, or ~COIl'II'llril~catiti~ reauired under applicable ;Law to be Qiven in
<br />anmner f. c :V; Trus' r, ,""Trustee gl ves r setves any
<br />notice (~uftnq, w thout 1 ta~, Not~ oTDefault afid NotYce of Salel,
<br />deaends, req'\JIQS. ta, ~ OOIlIlWlications wi.th re6pect to this. Deed.9f T~t,
<br />each i nOtIce , r t or ot:he Ulication shall be .LII writing
<br />and J:1fi. be eff'ect'le onlyTt:.he same fs ~red ~. personal service or
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