Laserfiche WebLink
<br /> <br /> <br /> <br /> r~-- 1 04026 <br /> thereof, the rental payable thereunder, or to change any renewal provisions therein contained: (d) waive any default <br /> t;aw'%;Under or breech thereof, (e) givo any Consent, waiver or approval tN-reunder or take any other action in connection <br /> therewith, or with a lessee thereunder. which would have tie effect of impairing the value of lessors interest. thereunder %u <br /> the property subject thereto, or of impairing the position or interest of the Trustee, or Beneficiary or (f) sell, assign, pledge, <br /> mortgage or otherwise dispose of, or encumber its interest in any said lease orany rents, issues or profits issueing or rising <br /> thereunder. <br /> DUTIES OF THE TRUSTEE:: Trustor agrees that (a) the duties and obligations of Trustee shall be determined solely by <br /> the, express provisions of this Deed of Trust and the Trustee shalt 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 /> Ti ustee. ( b) no proof this Dead of T,-ust shall require Trustee to expend or risk its own funds, or otherwise incur financial <br /> obligation in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if it shall have <br /> grounds for believing that the repayment of such funds or adequate indemnity against such risk or liability is not reasonably <br /> assured l:, it: ( c) Trustee may consult with counsel of its own choosing and the advice of such counsel shall be full and <br /> complete authorization and protection in die 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 pourers conferred upon it oy this Deed of Trust <br /> TRUSTEE'S FEES. Truster expressly covenant3 and agrees to pay and discharge all cl.)st, fees and expenses of 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 t% of tho amount secured hereby and remaining unpaid. <br /> SUBSTITUTION OF TRUSTEE: That Beneficiary may, from timeto time, 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 /> Eleneliciary and recorded in the office of the ref)ister of deeds of the county or d5urrties Where -Ach property is situated, <br /> shall be conclusive proof of proper substitution of such Trustee orTrusteeswtiii rrbairwithptit conveyance from the Trustee <br /> predecessor, succeed to all its title, estate rights, power and duties. <br /> NO WAIVER BY BENEFICIARY- Na waiver by Trustee or Beneficiary of any right under this Deed of Trust shall be <br /> effective unless in writing. Waiver by Trustee or Beneficiary of any right granted to Trustee or Beneficiary under this Deed of <br /> Trust or of any provision of this Deed of Trust as to any transaction or occurrences shah not be deemed a waiver as to any <br /> future transaction or occurenccs. By accepting payme °t of any sum secured hereby after its due date, or by making any <br /> payment or performing any act on behalf of Trustor that Trustor was obligated hereunder, but failed to make or perform or <br /> by adding any payment so made by Trustee o+r Beneficiary to the indebtedness secured hereby, Beneficiary does not waive <br /> its right to require prompt payment when due of all other sums so secured or to require prompt performance of all other acts <br /> required hereunder, or to declare hereunder, or to declare a default for failure so to pay. <br /> iNAIVER OF STATUTE OF LIMITATIONS: Time is o'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 in any action or proceeding for the purpose of enforcing this Trust or any right or remedies hereunder. <br /> INSPECTION AND BUSINESS RECORDS: Beneficiary at any time during the continuation of this Trust may enter ;end <br /> inspect such property at any reasonab!e "rme. Trustor agrees that, when requested by Beneficiary. Trustor will prcnleptly <br /> deliver to Ser,eliciary such certified financial statements and profit and loss statements of such type;l acrd at such intervals <br /> as may be required by Beneficiary whic'rt will be in form and content prepared according to the usual and acceptable <br /> accounting principles and practices, which statements shall cover the financial operations relating to Trustor or such <br /> property and Trustor further agrees when requested by Beneficiary to promptly deliver in writin., such further additional <br /> information as required by Beneficiary relating to any such financial statements. <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. Everypower or remedy hereby given to Trustee or to Beneficiar v or to which either of them may <br /> be otherwise entitled, may be exercised from time io time and as often as may be deemed expedient by them, and either of <br /> them may p,,,rsue in -cnsistent remedies. If Beneficiary holds any additional security for any obligation sect -ed hereby, it <br /> may enforce the -awe thereof at its option, either before, contemporaneously with, or after the sale is made hereunder and <br /> on any default of Trustor, Beneficiary may, at its option, offset against any indebtedness 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 indebtedness of the 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 the <br /> foregoing any savings account, deposit, investment certificate, escrow or trust funds. <br /> LAW APPLICABLE: That this Deed of Trust shall be construed according to the laws of the state of Nebraska <br /> ILLEuALITY: In the event that any provision or clause of this Deed of Trust conflicts with applicable law, such conflict <br /> shall not affect other provisions of this Deed of Trust which can be given effecl without the conflicting provision, and to this <br /> end the provisions of this Deed o!t Trust are declared to be severable. <br /> GENERAL PROVISIONS: (a) This Deed of Trust applies to, inures to the benefit of, and binds all parties hereto. their heirs, <br /> legatees, devisees, administrators, executors, successo-rs and assigns. (b) the term "Beneficiary" shall mean the owner <br /> and holder (including a pledgee) of any note secured hereby, whether or not named as Beneficiary herein. (c) Wherever <br /> the context so requires, the masculine gender includes the feminine and neuter, the singular number includes the plural, <br /> and vice versa. (d) Captions and paragraph headings used herein are for convenience only, are not a part of this <br /> ag: eement, and shall not be used in construing it If more than one person is named herein as Trustor, each obligation of <br /> Trustor shalt be the joint and several obligation of each such person. The rights or remedies granted hereunder, or by law, <br /> shall not be exclusives, but shall be concurrent and cumulative. <br /> TRUSTEE ACCEPTS this Trust when this Deed, duly executed and acknowledged, is made A public record as provided <br /> by law. Trustee is not obligated to notify any party hereto of pending sale under any other Deed of Trust or any action or <br /> proceeding in which Trustor. Beneficiary or Trustee shalt be a party, unless brougta by Trustee. <br /> Mailing address for notices to Trustor. 1110 1st Avenue <br /> Aurora, 14E 68816 <br />