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<br />I <br />RE.RECORD~w 08- <br /> <br />f\ IfftlMflI OOlft.ln. UI/'Of" II ""'I!hw ""Gooa aU (OmpC"Illllon "...,udl ItllmnOI" ItnO IIlnl'! pn~mn"I' OfQ I Itlf'llllltl0489lQ conn"cll,," will, <br />Lono"mn.llOnOl nlh.,! 1.~"'g 01 ,,,.. PIOPCII'l'OI PllltltllHC'loI OltOI conYOr,mco In 1,01/01 condomnnl.on Lonllol '"ftll tl(>nnllll(l~ III ,t. opllon locommonco.npponr In Inu <br />"1011leulClII\ 'II OWTl n,uTIIt'oy IICllon Of PIOclltujlngl. ''112 III'" alia btl onhl1ed 10 mahll any comJllomllu Of lel11nmenl In connoctton wllh BUCh 10"'"11 or damn DO In tho <br /> <br />o ~:,:t,~:~ :,~~~~~' ~~~:.';Or:t~~nl~:r~::~~l~l~~ ~~~::C~~O~~~I~Il:U'C~a~r~~~:~~~I~:~~oann;~~~~~~~~~~:G ~~~~1,~1: :~:~~~I~On~ ,I~ :.~:~~~~~~:~.:~~~~~:v ~~I~:,~~~~.C~~~~ <br /> <br />,..., ..pp1r all IUCI'l Proceed!. allef lueh deouCl10nl 112 1nll lO"Qlllll0n of lno PropOlly upon such condll10na III L.ender mlly dotllrmlne An., apphcallon 01 Procoods 10 <br />CZ) Indebl.one-u Ihall nol (I_lend 01 pOllponelhe due dale 01 any PAVmenlt under It>!' N'lle, Ot cutO any dolaulllhotDundor or horounder <br /> <br />~ T PerlDI..~b, lHChr. In lho 1I"...nl 01 OOffowor'II"lllure 10 perform nny 01 11\0 covononls helom or mllke al 'i' f\/lymonla requited horo!JV. or II any ltcl Illakon or <br />r 0 legel proceeding commencea wnlcn mellmaUy .lloctsL.ondor'1IInteresl In Ihe Proporlv Lender may In III own dllcrollon. !Jul wllhoul oblloallon 10 do ao, and wllhoul nouco <br />tOOl dllmandupon BonowlII and wllhoul rolllllllno BOffOWIH from any obligation do any act which Ihe BOrlowor hllsagroed !Jul hlllllo do and may 01110 do ony olhol oct II <br /> <br />'P4 ~=na~c::~~d':r ~~~:~~~~~I~~~~~~nneO;:~:c~~~~~:~~~~~1 :~:;~~~~~g ~~gOh~:~:9ae~~:~=:~~~~I:ro~~~:eQt~::~I'.~;~;,~O;r~I~I~~~:nat~~ ~::n~~~~~~~~l~~:;~dsou~~ <br /> <br />lhe mde-blodness .ocured hOlllby Londel 'hall nollncur any personalllatllhty becaulo ot anyttllng 11 may do 01 omlllo do heleunder <br /> <br />8 E.....tI 01 Del.ult. The lollowlng llhal~ consltlule an evanl 01 dafault undel thlll Dead 01 Trusl <br /> <br />lal Falluloto pay any Inltallmonl 01 prmClpal or mlOlesl or 8nyolher lum llocured hereby when due. or lallure 10 pay when due any olher Indetllednelll 01 <br />Bonower 10 Lendcll; <br /> <br />Ibl A broach 01 or delaull under any prOVISIon con lamed m tno Nole Ihls Deed 01 Trust. any documenl which secures Ihe Nole. nnd any other <br />encumbr.nce upon lhe Propert,.. <br /> <br />Ie) A wrll 01 e.ecullon or llllachment Of IIn\!llilmllar procossshall be enlered agarnslBorrower wnlch shall become j] hen on Ihe Properlv or any portion <br />fhomol or inlellllt theretn. <br /> <br />ldl Thoro sh.n be 'lied by or agamst Borrowel an acllon under pny presenl or hJlure Jodernl. state or othel slalulo. law or regulation relalmg 10 <br />b.nkruplcy_ Insolvency orolhor lehel lordeblors., or tnerellhall be appomted Any truslee. receiver or IIquldalor 01 BOHOwer 01 01 all or any part ollhe Property. or <br />the rents, Issues or profits thereol ot Borrowel shall malle any general as!llgnmeflt for Iho benetll 01 crodltors <br /> <br />let The ule. uanller IlSSlgnment, conveyance Of lur1fH!f encumblance of all or any pari of or nny mleresl In Ihe Propelty. ellher volunlarlly or <br />mvolunlallly. wlthoul the e.prllss wllllen com;onl of L.endt'f <br /> <br />ill II Boftower IS not an indIVidual. tne s.ale, Hansfer IIS5lgnm!.'nt conveYllnce Of encumbrance 0' more than __ ___ _ percent 01 (If a corporallonllls <br /> <br />ISllUed and outstanding !ilOCk or fll a paflnershlp) u_ _ _ perc!.'nl 01 parlnerShlp InlllreSls <br /> <br />9 ~ .r.cc......Uon Upon Delault.ln the event of any Evenl 01 Delault Lt>nd.H mny declare all Indebledness secured hereby 10 be due and payablo and Ihe <br />I!ImfI shalllheroupon De1:Ome due and payable Wllhoul any presenlmenl. demand proteSlor nOllce 01 any ktnd Therealler Lender mnv <br /> <br />{a} Demand Ihal TrusteeeKerc,sethePQWER OF SALE granted herem and Trustee shalllheleafter cause Borrowor'smlelesl m the Properlv lobesold <br />and Ihe proceeds 10 be dlSlnbull!'Cl, ellm Ihe manne, proVided In Ihe Nebraslla T.ust Dl"eds Ac! <br /> <br />(b) Either In person or by agenl wllh or wllhoul brmgmg /'Iny /'Ichon OJ proceeding or by a reCeIVer appomled by a cour1 and wllhoullegafd 10 Ihe <br />adequacy otlt!lllecutlty enler upon IInd lake pos5esslonollheProperly or IInV palllhl"leol m ,IS own n/'lme or In Ihenameollhe Tfuslee, and doanyaCI!lwhlch <br />II deems necHsery or dl!l'Slrable 10 prc..erve Ihe ~aluc rnllrkelablrlty or renlab,lIfy 01 the PfOpt~rly 01 parI thereat or Inlefesllhoreln. Increase Ihe mcome <br />lhereltomorprolllcllhe leCurll\! haleol and With or wllnoul18",m9 possession 01 ll',e P'opertv 5110 '0' o. ofhel""150 collect Iho tenls, Issues and plofllSlhereol. <br />mcludlnglh01epll.sl due ana unpaid and apply ltle same lesscosls IIno ekpen:!es 01 ope.at,on and collechon mcludlngallorneys' lees, upon any mdebledness <br />secured hereby, all In such ordlH as Lender mly delDr,mne The IlnlermQ upon and tl1~lflg POSSeSSIOn of Ihe P.operly the collecllon 01 !luCh rents. IlIlIues and <br />plohtaand Ihoapphcallon Ihcleol In aforesaid snail nol cilia 01 waIve any oelault 0' notl(:(>ot delilull hereunder Ollnvahdale any act done In respohselo such <br />delault 0' pursuanllo such notll:e 01 delaull and n..lwllh!ltandlng Ihe COnhnUilflCe ,n PO'!oSD!l!hon o'lhe P.opmly or Thll collecllOn. recelpl Bnd apphcalton Or <br />fIImls. 15Sue5 or plohlS Tluslce or Lent/er shall tIC enlllred 10 eKerC'Sl;! e~f!IY "9hl pro~'d~d tor In ,1ny ollhe loan ItI!itrumeflls or by Inw upon occurence 01 any <br />!!!Yenl 01 del.ult. ,nclud,ng Ihe fight to eKl;!'CISe the po...el of sale and <br /> <br />Icl Commence an aCllan 10 10leclQSe Ih.5 Dl;!ed at Trusl a~ a maflgage Ill/po,nr a rece'vtlr or SPl'ClfICBlIy enlo.ce any alii'll' covenanlS hereol <br /> <br />NOfomedy helern conlerred upon 01 H!lerved 10 T'uslee or LI~nd(!l 'Sllllllndedlo bee.Clu!),veot .ln~ Olner rl'mel1v 'U'rem ur by raw prOVided or permlllod. but each shall be <br />cumulal11lt!. sn.tll toe In addrtlon 10 every Olhur rt!m!!d~ glv,.n ne.ell",:!!!1 Of no" 01 hIHenl1!!. ...,~llng III In"" or on "QI"ly or by sIalul1l and may be eKerclsod concurfcnlly. <br />mdependenll)l or successively <br /> <br />10 Trua.... The Tlustee may fltSlgn al any lime wltnoul causo ,1n1.1 llml1l" "'lOr 'H ;In~ r,m" ,lno ...'Ihoul Cl"'~f> 1I1'1'0.nl a successor O' subslllule Truslee Tru51ee <br />lhall not be IIlble lor .n'flou or demage unleSS due to aCllOnllblf.! nugllgenct! or ""Ilitul """I_O'll:!UCl oIno shall nol I'" r..quIIPd 10 lake any action Ifl connecllon With the <br />enlorcemenl ollnlS Deed 01 Trult unless Ifldemn,llf'd In wfllm~ 10' all coSI!! compe'ls.ll,nn or ",pl!nst'!. ...nKh ''l''V tw a"l-5ocuUed Ihetftwllh In addlllon. Truslee mall <br />bec01n01I purchaser alany saltl oftntl Properly IludlClal o. undur Iho po...e. of slIlegr"nl"(! "I'If'ln, po,lponf' ltlp s.alfO 01 II11 or any porI Ion of the ploperTy aspro~lded bVlaw <br />01 sell the PropertV.I a whole or In tepllr.le p.lfcr.ls OlIo'S <br /> <br />11 FulureAchIlflC." UPOn reque5t 01 Bor.o",,,' Ltmdf!r mlly 01 ,Iii opllon mo~t. dddl"onlll dt1d 'I/Tu'P advlln(.,~ Ilnd rt'adv,1nCeslo Bonowt'r SUCh Bdllances and <br />readvance., wllh mlerell thereon shall be secu,ed hy 11\1' DeNI 01 Trusl Al no hmf' '1T'lalllhl' p"nt:lp~ll1mou"l 01 tile ''ldeb'edness 5~cured by Ihts Deed 01 Trust. nOI in- <br /> <br />cluding sumlad"Am:eO 10 proll!1:tthe"ec;urtly QJ Ih" D~...o 01 T'U,I ~KC"I'd InpOl'9111al flr,nt,p~l jjmounl51~INI h~.rt'H> fI' 5 121 ~ 0.00 ._0_0 . whIchever IS <br />vre.ler <br /> <br />, <br />00 <br />00 <br /> <br />'2 ~PrvttMon.. <br /> <br />till lIonower NDI R....MCl. EK1I'lns,on 01 If\r Ilmr rOf p.,~mrnl ()' mO(l'''~lIhon ul amu.lllal,on 0' Ill>' .."no5 s.ecured by Ull!! Deed 01 Trusl granted by <br />Lender to any auccesllor In rnlefesl ot Borrowe' ,hall not oplllllle 10 'ele.:I5t' '" any mannl'll the hilDlt'lv oltT'l.. 0"9rnill Bmruwm and BOllowo"s $UCC05Sors In <br />Inltlrll5t Lender snail not bltltlQurred locommt'nco plOl:redlngsagll,ns.t such ~lJcc,.s.,or or It'luselO I.'ltcnfl 'I.ne lor payml'nl or otherWlIle mOdlly amOIU18110n <br />01 the ,"um!! secured by thl~ D~d 01 Trust by .eason 01 ,/I"y oflmllnds made r,'1 Ihe OtlQU1111 BOIIO"'I" iHld BUflowl>I' "UCCI!SSOI!lIn IntllftlSI <br /> <br />lbl Llftde....Pawen. Wllhout at!t'cI..lO;llht'llll.!J<lII~ of any olhtlr pelson Illlbll-' '0111'11' paymenl 01 any \)b1l911110n hNt'ln menlloned, IInd Wllhoul affecting <br />tnehen archalgeollh,s Deed 01 Trusl upon any porllonoll'le Property no' Iht'n Olth..rolo'om 'ehlolst'd AS. s.tKUrlly lor The full amount 01 all unpatdobhgallons. <br />Lender may. 110m ume 10 lime and .llhoul nOhclllrl rei!lase an~ ne',on '0 haOle 1"1 ~kl..nd Ihl! nl/tlu.'lv ur lItlor any of Irm lerms. 01 an\! such obllgallons. (ml <br />grant other tndulgences, (Ivl'elea!!e or reconvey or c"uselo D"rel"'ll~ea or 'l!(ony...veCl III ;In, l,m...1 L~n(h.,. II opllonliitny parClJol_ pori Ion or all ollheProporlv. <br />Ivllak.1Il or release any Olh&toraddlllonal st!"C-ullly 'or IIny obllgallon tWle,n n1l'nllont'U 0' "'1 ma~~ r OtTll1051t'ans. or olhur IItfangllmenl5Wllh dcbtorslfl relation <br />lherelo <br /> <br />leI Forbear1lftC.b, Lander NoI a Wal.,.,. Any JUlbeilrtonCe 0'1' Len,le' III l!.t!rc,s.nQ itnV "IPlt or rl'fIlt'dy l1erellnder O' olhorWlse allorded by apohcable <br />la..ltutll nol bea ....,"'" of 01 pf('Cludelheeullcl,e 01 any 'lICh rlgl'lt 01 .ometly The procurpmt't11 or ,n!>ur.ln,e or Ihl! pdVmenl of laKe!! Of olherllensor charges <br />by L.endef ahall nol be II ...alver 01 Lender's 119h110 lIccelerale tne malullly 0111'10 mdl!DINrH'SS "l!(u,,'(j hv Ih,s De~d of T.ust <br /> <br />tdl Succeuon and ...."'.IIOUncl; .Iolnl and h,.rlll UIlbllll'i Caption.. Tn!! cuvenanl!l .1nd ,,~r~'f'menIS nele,n (.onlaoned shllll blnd_ and Ihe rlghls <br />herltUnde-r sn.UlnurtllO. Ihe fMpecttve Succe5sorsand ;usI~ns 01 Lendel ana Borro....... SubllKllo Inu pro~l!olons of paragraph a (eJ heleof All covenanls and <br />."r"menlsot Borrowel.hlU be IOlntand several The c;aphonsand heaorn9' 01 'he pa.ag'i1ph' 01 II", Df'ed 01 TrU!ltl!.fe 10rCOlwl;!nlanceonly and are nollobe <br />used to IIIlrrfpllrl Of dllhne me plO'tlSlons hereof <br /> <br />let R....t lor Motleta. The partIes nereby rl!lquMllh.1 a copy 01 an)' nohce 01 d~'lautt hereunder IIt.d a copy 01 any nohce 01 sale helllunder be mailed 10 <br />e.Ch paflyto Ih.$. OMd 01 Trull at the addreslsellonn abovelntnomanner PltlSCllbed by appllc;ab1e la"" E.cepIIQ' any olhernol'cerequlled unde, applicable <br />~. \0 be gnren '" anOlner mannel, an, nOhce provldeC lor In Ih'S Deed o' Trust sIlall Ot' gl~n bV ma,lIng SuCh nohc;e b~ cerlllled mall addressed 10 Ihe other <br />PlrtIOS, at thll addrns $oellorlh .bolle <br /> <br />Any !'lOhC" plO'flded lor In IhlS Deed 01 TluSI snail bt' deemed 10 nlve been gl~en 10 Borro.er or Lendef Wnl!n gIven In Ihll manner deSignated herem <br /> <br />(II IlUIplCUon, lender ma,m."'e 01 cauHlobe madereasonableentr.t'!l uponano lII!!pechon. ollhe Properly pro~lded !hat Lender shall gIve Borrower <br />notice pflOllo any lucn Inspachon .pec.lylng leasonable CllUle tnerelDr .elated 10 LClnde,. mle,e51III Ihtl P'operty <br /> <br />I~J .~8I1Ce. Uponpll)'Tnenlol.UsumllltlCuntt1 b'fthtl 01:'('0 01 T'u,1 ll!"".... ,nail '''qullsl T'u'Ii'"10 reconveylhe Properly and shall surrender <br />trus Deed ot T'U$1 .nd all notes hldenClm;J mOetlleaness $oecured Oy Iflrs D!l'ed 01 T ...." la T ,,,sl_ T ...sl...n Ihalt ,..eon\fDY !he Prop9tlv wllnoutlli'arr.nt\! and <br />Wlthoul ~rge 10 tne person or persons. leg.lly entitled IhefelO Such person D. Pt!flions shall Pl1Y all cOII~ 01 recordatton II any <br /> <br />lhl Pwn.ofteIlJrDperty.lKuttlJAg....ment. As.t1dltlonalsecunlyfor Ihe paymenl 0' Ihe Noll.all '..lule, eqUIpment and other petSOhal plOp&rty used <br />In connectIon .Itn the I..t elt.le Of improvemenll toe.led tnOfeon. .nd not othe..'se declared 01 deernotllo be a par1 ollhe real eslale secured hereby, Ihall be <br />lublft:IIO a IeCUflt)' Intl!"fe,I,n laVal oftn.lendef und.., the Nebrask.a Unllorm Commt"clIll Code Th" ."strum..nl shlltl be conSI'ued as a Secullly Agreemenl <br />under MId Code, and the Lender ahall h....e.n lhe IIghtl Ind ,eme<hes ot a secured parly undlll saId COl:lllln addlhon to Ihe ngnls and remedle5 c,eahrd under <br />and IKCCPd<<Ilnelltnar purli...ant 10 Ih,. Otoed 01 Tru'l <br /> <br />II) ~.In the ...-n1 tnalany prOVISion Ottnl" OHd olTrusl conlhel.-ITh apphc;"ble.a"" or ale d"clared In~ahd O. olher"'luounenlorceable_ such <br />c;onlhC1 0' Invalidity 1Inan RolaUect lhe othe, plDYIllonl ollhrl Dfltd of Trult or the Nole wtHcn can be iJI...en effect wllhout lMe conlhclmg prOVlllon Ind to Ii'll I <br />eod the pmv,..onl at thl! o.ea 01 T,ulI and the Nohlr are aeoa..-.a to be levllrable <br /> <br />L <br /> <br />r:i!':,-' _.'Kut.. 'h~ "- o. t.~. ,,,., ..." .n'!"._~ <br /> <br />"",U",""J fZ ~AA. .;, <br />~. Essink . <br />o:D- ~ &.~ <br />(Kenneth G. Esslnk) <br /> <br />~ J~ (! ~ <br />"(~ ESSin,kl ~o,,_' <br />'J J:J <br />'flt~ q, <br />(Marjo/le L. Esslnkl'ono... <br />