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<br />88- 105051 <br /> <br />II. ........ Upooo Dot.ll, ......, Wo. Upon def...lt by Truslor in tho paymenl of or performance o'the torms ond conditions 0' <br />t'" Not.. or any _Is. modiflcollons or exlenslons thereof. or lho payment of ony othor Indebtedness secured hereby Dr In the performonce <br />of any of tho conVlllCll1ts or ogreements hereunder. Beneficiary may declare all sums secured hereby Immedlotelr due and parable and the some <br />sIloIl thereupon bIc:omto due and payable without presentment. demond. protest or nollce of onr kind. Thereolter. Beneficiary may dellyer 10 <br />Trust.. a written declarolion of default and demand for sal.. Trusl.. shall have Ihe pawer of sale of the Property and If BeneflcllJl'll decldeslhe <br />PnIportv Is to be sold it shall deposit wllh Trust.. this Deed of Trusl and the Note ar noles and any other documents evidencing e.pendltures <br />IICUrtCI hereby. .... shall deliver to Trust.. a written notice of defaull and election to cause Ihe Property to be sold. and Truslee, In lum, sholl <br />_. a similar notlc. in the farm required bV low which sholl be duty filed far record bV Trust... <br />(a) Alter t'" lapse of such lime as mar be required bV law following lhe recordation of Notice of Defoull. and Notice of Default and Notice 0' <br />Sole having""" given os required by law. Trust... wilhout demand on Truslor, shall selllhe Property In one or more parcels and In such order <br />a! Trustor may detorm... on the doleand at Ihe time and place deslgnoted In sold Nollee 01 Sole. at public aucllon to the hlghesl bidder. lhe pur. <br />chase price payable In cash in lawlul money a' the Uniled Slates 01 the lime of sole. The person conducting lhe sale may. 'or any couse he or she <br />deems expedienl. pastpone the sole from time to lime until it sholl be compleled and. In every such case. notice of postpanement shall be given <br />bV public declaration lhereof by such person at the time and place last appalnted lar the sale, provided, If the sale Is postponed for longer than <br />one (1) cloy beyond the doV designoted in the Notice of Sole. notice therelll sholl be given in the same manne. as the original Notice of Sole. <br />Trustee sholl execute and deliver '0 the purchaser its Deed conveying .he Property so sold, but without any convenant or warranty, express, or <br />implied. The recilols in the Deed of any matters or focls sholl be conclusive proof 01 the truthfulne.. thereol. Any person. including without <br />limitation Trustee. may purchase at the sole. <br />(b). When Trustee sells pursuant to the powen herein, Trustee shall apply the proceeds af the sale to payment of the costs and expenses of <br />exercising the power of sole and of the sole, Including, without limitation, the payment of Trustee's Fees incurred, which Trustee's Fees shall not <br />in the aggregate exceed the following amounts based upon the omount secured hereby ond remaining unpaid: 5 percentum on the balonce <br />thereof; and then to the Items set forth In subporograph fc) hereof in the order therein stated. <br />(c) Alter paying the Items specified In subparagraph (bl. If the sole is by Trustee. Dr the proper court and other cost, 01 foreclosure and sale <br />if the sale is pursuant to judicio I foreclosure, lhe proceeds of sole sholl be applied in the order stoted below to the payment ofl <br /> <br />(I J Cost of any e'/idence of title procured in connection with such sole and of any revenue required to be paid: <br />(21 AIlorneys lees, <br />(31 All sums then secured hereby, <br />(4) Jtmior trust deeds, mortgages, or other lienholders; and <br />(51 tho remainder, il any, to the person or persons legolly entitled thereto. <br /> <br />(d) If the Beneficlcry of this Deed of Trust is 0 bank os defined by Nebraska low, any statement contained in any other section of this deed <br />notwithstanding, the Benef,tiary shall not be entilled 10 receive or lake and debtor sholl not be obligated to payor give, any confe..lon of judg. <br />ment, power of attorney to confess judgment, power of attorney to appear for 0 borrower in 0 judicial proceeding Dr ogreement to pay the costs <br />of collection of the attorneys' fees, unless such octs of collection would not otherwise be prohibited by Nebraska law. Provided, however, that <br />this section does not apply to the Trustee fee referred to in paragraph 6 (b). Provided further, that this paragraph sholl not apply to Ihis Deed of <br />Trust. II the Beneficiary Is nor a bank. <br />12. ........ Security Iatruntetd.. Trustor. at its expense, will execute and deliver to the Beneficiary, promptly upon demond, such securi- <br />ty Instruments as may be required by Beneficiary, In form and substance satlsfocfory to Beneficiary, covering ony of the Property conveyed by <br />Chis Deed of Trust, which security instruments sholl be additional security for Trustor's faithful performance Df all of the terms, covenants and <br />conditions of this Deed of Trust, the promissory notes secured hereby. 000 any other security instruments ellecuted in connection with this tran- <br />saction. Such instruments shall be recorded or filed at Trustor's expense. <br />13. Appollrt-.nt If Secullor T".'H. Beneficiary may, from time to time, by a written Instrument executed and ocknowledged by <br />Beneficiary, mailed to Trustor and recorded in the county or counties in which the Property is located ond by otherwise complying with the prDvi- <br />sions of the applicable laws of the State of Nebraska, substitute 0 successor or successors to the Trustee nomed herein or acting hereunder. <br />14. ....,.ctInI. Beneficiary, or its agents, representatives Dr wDrkmen, ore authorized to enter at any reasonable time upon or in any port <br />of the Property for the purpose of inspecting the some and for the purpose of performing any of the acls it is authraized to perform under the <br />terms 01 lhe Deed of Trust. <br />15. Option 10 hr.do... Upon the occurrence of any default hereunder, Beneficiory sholl have the option to foreclose this Deed of Trust in <br />the manner provided by low for the foreclosure of mortgages on reol property. <br />16. .........1Iy "Mile'" NoI. Walllr. Any forebeorance by 8~neficiory in exercising ony right or remedy hereunder, or otherwise <br />afforded by applicable law, sholl not be 0 waiver of or preclude the exercise of any such right or remedy. likewise. thl' waiver by Beneficiary of <br />uny default of Trustor under this Deed Df Trust sholl not be deemed to be 0 waiver of any ather or similar defoults subsequently occurring. <br />17 _ ,....... lilt, .......tI. Extension of the time for payment or modification or amortizotion of the sums secured by this Deed of Trust <br />grunted by Beneficiary to any successor in interest of Trustor shall not operate to release, in ony manner, the liability of the original Trustor ond <br />Trustor's successor in interest. BenefICiary sholl not be required to commence proceedings agoinst such successor ar refuse to extend time for <br />payment or otherwise modify amortization of the sums secured b)' this Deed of Trust by reason of on)' demand mode by the original Truslor and <br />Trustor's SUCCISSor in interest. <br />1 B. 1tMfhIwr', Pe".,.. Without affecting the liability of the Tru!>tor or an)' other person liable for the payment of onv obligation herein <br />mentioned. and without affecting the lien or charge of this Deed of Trust upon any portion of the Property not then or theretofore released as <br />security for the full amount 0' all unpaid obHgotions, Beneficiary may, from time to time and without naHce. Iii releose any person so liable, (iil <br />e.'end tM mattJ'ity or alter dny of the terms of any such obligation!>, (iii) grant other indulgences, (iv) release or reconvey, or couse to be <br />released or reconv..,ed at any time at Beneficiary's options any porcel, portion or 011 of the Property, (v) toke or release any other or additionol <br />security 'arony obligation herein mentioned, or ('Ii) make compositions or other arrangements with debtors in relation thereto. <br />.19. ...... an.cu. Upon request of Trustor, Trustee at Tru5tee's option, prior to reconveyance of the Property 10 Trustor, mov make <br />future odvonclS to Trustor. Such futW"1I advances, with interest thereon, sholl be secured bv this Trust Deed when evidenced by promissory <br />notel stating that said notIS.... secured hereby; provided that at no time shalt the secured principal. future advances. nol including sums ad- <br />vanced to protect the security, exceed an aggregate principal amount of 50. <br /> <br />20. .Iaanr-a'" ""'H. Upon written request of Beneficiary staling thot 011 sums secured hereby have been paid. and upon ')urrender <br />of this Deed of Trust and the Note to Trustee for concellation and retenlion and upon payment by Trustor or lrustee's fee'), Trustee sholl <br />reconvey to Trustor. or the person or penonslttgOlly entitled thereto. without wDrranty. Dny portion of the Property then held hereunder The <br />recitals in such rlKonveyonce of ony matler, or focts shall M conclusive proof or the truthfulne\s thereof The grontee in OilY reconveyance rnnv <br />be MKribed as "the penon or persons legally ,"tined thereto" <br />