<br />88~i 11n~891
<br />
<br />thereof, the rental payable thereunder, or to change any renewal provisions tllereih contained; (d) waive any default
<br />thereunder or breech thereof; (e) give any consent, waiver or approval thereunder or take any other action In connection
<br />Iherewith, or with a lessee thereunder. which would have Ihe effect of impairing the valueaf lessors Interestthereunder or
<br />Ihe property subject thereto. or of Impairing the position or Interest ofthe Trustee or Beneficiary: or (f) sell, assign, pledge,
<br />mortgage or otherwise dispose of, or encumber its Interest in any said lease or any rents, Issues or profits Issueing or rising
<br />thereunder.
<br />
<br />DUTIES OF THE TRUSTEE: Trustor agrees that: (a) the duties and obligations of Trustee shall be determined solely by
<br />Ihe express provisions of this Deed 01 Trust and the Trustee shall not be liable except for the performance of such duties
<br />and obligations as are specifically set forth herein, and no implied covenants or obligations shall be Imposed upon the
<br />Trustee; (b) no proof this Deed of Trust shall require Trustee to expend or risk its own funds, or otherwise incur financial
<br />ol-'igation in the performance of any of its duties hereunder, or In the exercise of any of Its rights or powers,lf it shall have
<br />grounds for believing that the repayment of such lunds or adequate indemnity against such risk or liability Is not reasonably
<br />assured to it; ( c) Trustee may consult with counsel of its own choosing and the advice of such counsel shall be full and
<br />comple!a authorization and protection in the respect of any action taken or suffered by it hereunder in good faith and In
<br />reliance thereon; ( d) Trustee shall not be liable for any action taken by it in good faith and reasonably believed by It to be
<br />authorized or within the descretion or rights of powers conlerred upon it by this Deed of Trust
<br />
<br />TRUSTEE'S FEES: Trustor expressly covenants and agrees to pay and discharge all cost, fees and expenses 01 this
<br />Deed of Trust, including In the event of sale by the Trustee of such property, the Trustee's costs, expenses and fees, which
<br />fees shall not exceed $500,00 plus ''<' of 1 % of the amount secured hereby and remaining unpaid,
<br />
<br />SUBSTITUTION OF TRUSTEE: That Beneficiary may,lrom time to lime, by instrument In writing, substitute a successor or
<br />successors to any Trustee named herein or acting hereunder. which Instrument, executed and acknowledged by
<br />Beneficiary and recorded In the office of the register o. deeds of the county or counties where such property is situated,
<br />shall be conclusive proof of proper substitution 01 such Trustee or Trustees who shall without conveyance from the Trustee
<br />predecessor, succeed to all its litle, estate rights. power and duties.
<br />
<br />NO WAIVER BY BENEFICIARY: No waIver by Trustee or BenefICIary of any right under this Deed 01 Trust shall be
<br />effective unless in wrihng, WaIVer by Trustee or Beneficiary of any right granted to Trustee or Beneficiary under this Deed of
<br />Trust or of any provision ollhis Deed of Trust as to any transaction or occurrences shall not be deemed a waiver as to any
<br />future transaction or occurences. By accepting payment 01 any sum secured hereby after its due date, or by making any
<br />payment or performmg any act on beha" 01 Trustor that Trustor was obligated hereunder. but tailed 10 make or perform or
<br />by addinlll'lny payment so made by Trustee or Beneficiary 10 the indebtedness secured hereby, Beneficiary does not waive
<br />its right to require prompt payment when due of all olher sums so secured or to require prompl perlormance of all other acts
<br />required hereunder, or to declare hereunder, or 10 declare a default for failure so to pay.
<br />
<br />WAIVER OF STATUTE OF UMIT A TlONS Time is of the essence In all Trustor's obligations hereunder; and to the extent
<br />permItted by law. Trustor waives all present or future statutes of limitations with respect to any debt, demand or obligation
<br />secured hereby on any action or proceeding tor the purpose 01 enforcing this Trust or any right or remedies hereunder.
<br />
<br />INSPECTION AND BUSINESS RECORDS BenefiCIary at any time during the continuation of Ihis Trust may enter and
<br />onspect such property at any reasonable tIme Trustor agrees that. when requested by BenefiCiary, Trustor will promptly
<br />deliver to Beneliclary such certified fInanCial statements and profit and loss statements 01 such types and at such Intervals
<br />as may be required by Benellciary which will be on form and content prepared according to the usual and acceplable
<br />accounting principles and practices. which statements shall cover the financial operatio~ relating to Trustor or such
<br />property and Truslor further agrees when requested by BenefiCiary to promptly deliver In Wl'ltlng such further additional
<br />information as requIred by BenefiCiary relatong 10 any such finanCial statemenlS.
<br />
<br />REMEDIES No remedy herein prOVided shall be exclUSIve of any other remedy herein or now or hereafter existing by
<br />law, but shall be cumulatIve. Every power or remedy hereby gIven 10 Trustee or to BenefiCIary or to which either of them may
<br />be otherwise entitled, may be exerCised from tIme 10 tIme and as olten as may be deemed expedienl by them, and either of
<br />them may pursue onconsistent remedies. If BenefICiary holds any additional security tor an,' :;iJligation secured hereby, it
<br />may enforce the sale thereof al its opllon, ellher belore. contemporaneously with, or after the sale is made hereunder and
<br />on any delaull of Trustor, BenefiCiary may. at ItS option. offset agaonst any ondebtedness secured hereby, and the
<br />Beneficiary is hereby authOrized and empowered at ItS option, without any obligation so to do, and without affecting the
<br />obligations hereof, to apply toward the payment of any ondebtedness oflhe Trustor to the Beneficiary, any and all sums of
<br />money of Trustor which may have in Its possession or under its control. Including without limiting the generality of Ihe
<br />foregoing any savings account depOSIt. In\lestmenl certificate. escrow or Irust funds.
<br />
<br />LAW APPUCABLE. That this Deed of Trust shall be construed according to Ihe laws 01 the state of Nebraska
<br />
<br />ILLEGAUTY: In the event that any prOVISIon or clause of this Deed 01 Trust conflicts with applicable law, such conflict
<br />shall not affect other provisions of thiS Deed of Trust which can be given effect withoul the conflicting provision. and 10 this
<br />end the provisions 01 this Deed of Trust are declared 10 be severable.
<br />
<br />GENERAL PROVISIONS: (a) ThIS Deed of Trust applies to, inures to the benefit 01, and binds all partIes hereto. their heirs,
<br />legatees, devisees. administrators. executors, successors and assigns. (b) the term "Beneficiary" shall mean the owner
<br />and holder (including B pledgee) of any note secured hereby. whether or not named as Beneficiary herein, (c) Wherever
<br />Ihe context so requires, the masculine gender Includes the feminine and neuter, the singular number includes the plural,
<br />and vice very, (d) Captions and paragraph headings used herein ere for convenience only. are not a part of thiS
<br />agrtlfrlneflt. and shall not be Ulled in construing it " more than one person is named herein as Trustor, each obligation 01
<br />Trustor IIhall be the jOlOtaod several obllgalion of each such person. The rights or remedies granted hereunder. or by law,
<br />shall not be excluSive, but shall be concurrent and cumulalive
<br />
<br />TRUSTEE ACCEPTS this Trusl when this Deed, duly executed and acknowledged. IS made a public record as prOVIded
<br />by law Trustee is not obllgaled to nouly any party herelo of pending sale under any olher Deed ot TrusI or any actIon or
<br />proceeding In which Trustor. Beneficiary or Trustee shall be a party. unless brought by Trust~
<br />
<br />Ma.hnll address 10' notlCilS to T ruslo.
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