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88106939
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1988
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88106939
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Last modified
3/9/2007 5:41:57 PM
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3/9/2007 4:45:20 AM
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DEEDS
Inst Number
88106939
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<br />88- 106939 <br /> <br />bidder for cash and shall deliver to such purchaser a deed to the property sold, <br />consistent with the law in effect at the time. <br /> <br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser, <br />Trustee's deed conveying the property sold. Recitals in the Trustea's deed shell <br />be prime feci a evidence "f tt.e truth of the statemants made therein. Trustee shell <br />apply the proceeds of the sale in the following order: (e) to all reasoneble costs <br />and expenses cf the sale, including but not limited to, Trustee's fees of not more <br />than ~% of the gross sale price, reasonable attorney fees and costs of title <br />evidence; (b) to ell sums secured by this Deed of Trust; end (c) the excess, if any, <br />to the person or persons legally entitled thereto. Any person, including Beneficiary, <br />may purchase said property at said sele. <br /> <br />The person conducting the sale may, for any cause he or she deems expedient, <br />postpone the sale from time to time until it shall be completed and, in every such <br />case, notice of postponement shall be given by public declaration thereof by such <br />person at the time and place last appointed for the sale; provided, if the sale is <br />postponed for longer than one (1) day beyond the date designated in the notice of <br />sale, notice thereof shall be given in the same manner as the original notice of <br />sale. <br /> <br />13. Remedies Not Exclusive. Trustee and Beneficiary, and each of them, shall <br />be enti tIed to enforce payment and performance of any indebtedness or obligation <br />secured hereby and to exercis8 all rights and powers under 'htIis Deed of Trust or <br />under any loan instrument or other agreement or any laws now or hereafter enforced, <br />notwithstanding some or all of the indebtedness anl;J obligations secured hereby which <br />may now or hereafter be otherwise secured, whether by mortgage, deed of trust, pledge, <br />lien, assig~l1ent or otherwise. Nei theI' the acceptance of this Deed of Trust nor <br />its enforcement, whether by court action or pursuant to the power of sale or other <br />powers herein contained, shall prejudice or in any manner affect Trustee's or here- <br />after held by Trustee or Beneficiary, it being agreed that Trustee and Beneficiery, <br />and each of them, shall be entitled to enforce this Deed of Trust and any other secur- <br />i ty now or hereafter held by the Beneficii3ry or Trustee in such order and manner <br />as they, or either of them. may in their absolute discretion determine. No remedy <br />herein conferred upon or reserved to Trustee or Beneficiary is intended to be exclu- <br />sive of any other remedy herein or by law provided or permitted, but each shall be <br />cumulative ami shall be in addition to every other remedy given hereunder or now <br />or hereafter existing at law or in equity or by statute. Every power or remedy given <br />by any of the loan instruments to Trustee or Beneficiary or to which either of them <br />may be otherwise entitled may be ex.ercised, concurrently or independently, from time <br />to time and as often as may be deemed expedient by Trustee or Beneficiary, and either <br />of them may p~rsue inconsistent remedies. Nothing herein shall be construed as prohi- <br />biting Beneficiary from seeking e deficienty judgment against Trustor to the extent <br />such action is permitted by law. <br /> <br />14. Request for Notice. Trustor hereby requests a copy of any notice of default <br />and that any notice of sale hereunder be mailed to Trustor at the eddress set forth <br />in the first paragraph of this Deed of Trust. <br /> <br />15. Appointment of Successor Trustee. Beneficiary may, from time to time, <br />by written instrument executed and acknowledged by Beneficiar-y, mailed to Trustor <br />and recorded in the County in which the property is located and by otherwise complying <br />with the provisions of the applicable law of the State of Nebraska, substitute a <br />successor or successors to the Trustee named herein or acting hereunder. <br /> <br />16. Successors and Assions. This Deed of Trust applies to and inures to the <br />benefit of and binds all parties hereto, their heirs. legatees, devisees, personal <br />representatives. successors and assigns. The term "Beneficiary" shall mean the owner <br />and holder of the note, whether or not named as Beneficiary herein. <br /> <br />17. Beneficiary's Powers. Without affecting the liability of any other person <br />liable for the payment of any obligation herein mentioned, and without affecting <br />the lien or charge of this Deed of Trust upon any portion of the property not then <br />or theretofore released es security for the full peyment of all unpaid obligations, <br />Beneficiary may, from time to time and without notice: <br /> <br />(a) release any persons 50 liable: <br /> <br />(b) extend the maturity or alter any of the terms of any <br />such obligation; <br /> <br />(c) grant other indulgences; <br /> <br />-4- <br />
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