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<br />88- 107064
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<br />11. A,.,""","n Upon DoI..", I,modlll' 5001,. Upon de'oull by Truslor In Ihe poymenl alar perfo,monce of Ihe te,",s and conditions of
<br />I.... Nole, 01 any r,newols, modlllc~f1ons or e.len,lons Ihereof, or Ihe poymenl of anI olher Indebledness secured ',eruby or In Ihe per'ormonce
<br />01 ony 01 Ihe convenonl. or ogruments hereunder, Benellclory may dedore 011 sum' secured hereby Immedlotely due and payable and Ihe some
<br />sbolllhereupon become due and poyoble wlthouI presenlmenl, demond, prol..t er nollce of any kind. Thereoflor, Beneficiary may dellyer 10
<br />Trust.. a written dllCloraflon 01 default and demand lor sole, Truslee sh.1I hoye Ihe power of sole of Ihe Property ond II Beneficiary decides the
<br />Property Is to be sold II sholl depusit with T"4,Iee lhls Deed of Trust and Ihe Note or noles and any olher docum,;nls eyldencing .'pendi,",e,
<br />secured hereby, and sholl ,;,.iO"" ,. Trustee 0 written notice of de'oult and election to couse the Property to be sold, ond Truslee, in turn, sholl
<br />prepare 0 similar noflcel" II;. lorm required by low which sholl be duly filed for record by Trustee.
<br />(0) After the lopse 01 "uch lime os may be required by low lollowlng the recordolion 01 Nolice of Default, and Nollee or Deloult and Netice of
<br />Sole having been glyen os required by low, Truslee, wlthoul demand all T.ustor, sholl sell the Properly in one or more parcels and In such order
<br />os Trustor may delermlne on the dole and ollhe time oo<! place designoled in sold Nollce of Sole, 01 public ouclion to the highest bidder, the pur-
<br />chase price payable in cosh In lawful money 01 the United States 01 tho tlmo of sole. The person conducting Ihe sole may, for any couse he or she
<br />deems ..pedienl, postpone Ihe sole Irom time 10 time until it sholl be compluled and, in eyery such case, nolice of postponemenl sholl be given
<br />by public declaration Ihereol by ,uch person ollhe time and "lace lo,t appointed for the ,ole, provided, il Ihe sole is postponed lor longer Ihon
<br />one 0) day beyond the day designated in the Notice of Sole, notice thereD' sholl be given in the same ",anner 05 Ihe original Notice of Sole.
<br />Trustee shan execule and deliver to the purchaser its Deed conveying Ihe Property 50 sold. hUI wilhout UIIY COllvel1onf or warrnnty, eMpHUjS. or
<br />implied. The recilols in 1he Deed of onv matters or facts sholl be conclusive proof of the truthfulness thereor. Any perSall, including wlthoul
<br />limitolion Truslee, may purchase at the sole.
<br />(bl. When Trustee sells pursuanllo Ihe powers herein, Truslee sholl apply the proceeds ollhe sole to poymenl a' the costs and ..penses of
<br />exercising the power of ,ole and 01 Ihe sole, Including, withoullim;tolion, Ihe poymenl of Truslee's Fees incurred, which Trustee's Fees shollllol
<br />in the aggregate exceed the following amounls based upon the amount secured hereby and remaining unpaid: 5 percen1um on the balance
<br />Ihereof, and then 10 the items set forlh in subporogroph lc) hereof in Ihe order therein ,Ioled.
<br />Ic) Alter paying the items specified in subparagraph (b), if Ihe sole is by Truslee, or Ihe proper courl and olher cosls of foreclosure olld 501.
<br />if Ihe sole i, pursuonl to judicial foreelosu,e, Ihe proceeds of sole sholl be applied in Ihe order staled below 10 Ihe poymenl of,
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<br />(1) Cost of any evidence of title procured in connection with such sole nnd of any revenue required to he paid:
<br />(2) Attorney' fees:
<br />(3) All sums Ihen secured hereby,
<br />(4) Junior trust deeds, mortgages, or other lienholders; and
<br />(5) The remainder, if any, 10 Ihe person or persoos legally entilled Iherelo.
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<br />(d) If 'he Beneficiary of this Deed of Trust is 0 bonk os defined by Nebrosko IlIw. ony ..lutl'lTIf'ut fOlllninl'd ill nny olhl'l "1'c1iOIl of this cff'rd
<br />notwithstanding, the Beneficiory sholl not be entitled to receive or luke and deb lor shoUnot hl' Dbligotl'd tD payor give: nllY cDnfession of judg.
<br />ment, power of attorney to confess judgment, power of attorney 10 oppeor for a borrower in 0 judiciol proceeding or ogreP.lnen1to pay the costs
<br />of collection of the attorneys' fees. unless such acts of collection would nol otherwise he prohihited hy Nebrmkn law. P'Dvided. hawp.ver, rhol
<br />this section does not apply to the Trustee fee referred to in poragroph 6 (b). Provided further, thai this porngrnph ~hnllnot opply to this Veed of
<br />Trust, if Ihe Beneficiary is nolo bonk.
<br />12. AddilianalSelCurit, In.trvment.. Trustor, at its expense, will execute ond deliver 10 the Beneficiory, promptly upon demond. such securi-
<br />Iy instrumenls os may be required by Beneficiary, in form ood substance sOli,foctory 10 Beneficlory, coyering OnY of Ihe Prop.'ly conyeyed by
<br />this Deed of Trust, which security instruments shall be additional security for Trustor's faithful performonce of 011 1:'1 the terms, covenanls and
<br />conditions of this Deed of Trust. the promissory notes secured hereby, and any other securi1y instruments executed in connection with this tran-
<br />saction. Such instrumenls sholl be recorded or filed at Truslor's e'pense.
<br />13. Appointment of Successor Trustee. Beneficiary may. 'rom time to time, by 0 written instrument executed and acknowledged by
<br />Beneficiary, moiled to Trus10r and recorded in the county or counties in which the Property is located and by otherwise complying with the provi.
<br />sions of the applicable lows of the Stote of Nebraska, substitute a successor or successors to the Trustee named herein or acting hereunder.
<br />14. In.pectlons. Beneficiary, or its agents, representatives or wDrkmen, ore aulhDrized 10 enter at ony reasonable lime upon or in any port
<br />of the Property for Ihe purpose of inspec1ing the some and for Ihe purpose of performing ony or .he orl s it i!i aulhroized to perform under the
<br />terms of the Deed of Trusl.
<br />1 S. Option to Foreclose. Upon the occurrence of any default hereunder. Beneficiory sholl have rhe ~1 ta foreclose this Deed of lrust in
<br />Ihe manner provided by low for Ihe foreclosure of marl gages on real properly. ~
<br />16. Forebearance by BeneficiClTJ Not a Waiver. Any forebeoronce by Beneficiary in exercising ony right or remedy hereunder, or otherwise
<br />afforded by applicoble low, sholl not be 0 waiver of or preclude Ihe exercise of ony such r ighl 01 reltlPrly I i\..T'wil>(,. 11ll''I wniver by Rrnrfiricu y of
<br />any default of Trustor under this Deed of Trust sholl not be deemed to be 0 waiver of {Jny olher or similar defoulls sub!icquently occurring.
<br />17. Tru.tar Hot Releo.ed. Extension of the time for payment or modification or amortizalion 01 Ihe 'iums secured by this Deed of 1Iuo;t
<br />granted by Beneficiary loony successor in inlerest of Trustor !iholl nal operole to releose. in any munner. the liahility of Ihe originol TIU,;lnr ond
<br />Trustor's successor in inleres1. Beneficiary sholl nor be required tD commence proceedings ogninst ..tlch "UCCf1~':;or 01 rehl~p 10 r.xlf1mllilHf1 for
<br />paymen1 or otherwise modify amortization of the sums secured by this Deed of Trust by reaSDn of OilY del1H11ld mode by the OIiginallluo;.lOI I1mf
<br />Trustor's successor in interest,
<br />18. Beneficiary's Pa.eu. Withoul affecting the liability of the Truslor or any other person liable for Ihe payment of any obligation herein
<br />mentioned, and without affecting the lien or charge of this Deed of Trust lJpon any portion of Ihe Properly not then or Ihereloforf1 tpleased O"i
<br />security for the full amount of 011 unpaid obligations. Beneficiorv may, from time to time and without notice. (il releost! any person SD liable. Iii)
<br />eM-tend 1he maturity or alter any of the terms of any such obligations, (iii) gront olher indulgences. {iv J release or reconvey, or couse 10 be
<br />released or reconyeyed at any time of Beneficiary's options any parcel, portion or all of the Property. (v) toke or releose any other or additional
<br />security for any obligation herein mentioned, or {vH moke compositions or other arrangements with debtors in relation thereto.
<br />19. Fatvre Ad,ancel. Upon request of Truslor, Trus1ee at Trustee's option, prior to reconveynnce of the Property '0 Trustor, may moke
<br />future advances 10 Trustor. Such future adyonces, wilh inierest thereon. !iholl be secured by this Trust Deed when evidenced by promissory
<br />nates stoting that !;aid notes ore !;ecured hereby; provided 11101 at no lime shalllhe secured principal, future ndvances. nol inrluding sums ad.
<br />vanced.o protect the security, exceed on aggregate principal amount of S_ 11 JQQO_. 00
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<br />20. Il!comeyancl '" Tn.1... Upon written request of Beneficiary stating thai all sums secured hereby hove been fluid. Dnd upon surrel1d~r
<br />0' thit De.d of Trust and .he Nol~ to Truslee for cancellarion and retention nnd upon (layment hy lr-uslor nf Tru'\II?P'1I; fpp,\, Tru,tf'P II;hnll
<br />rKonvey to Trus.tor, or the person or persons legolly entilled Ihereto. wilhout wnt,nnty. OIlY pOftlOIl of rile rlUp(llty Ihpn hplIl hl'lPlIlutPf It....
<br />recitals in such reconveyance of any moUers or focts sholl be conclusive proof of Ihp "uthlulnpl>!' thPI pof The gtnnlf1P in {IllY rf'COnVf1yollrp nlllV
<br />be- dl!!Cri~d 0' "th4- ~rson or pp.r\on'i l..yoUr (lntilled Ihereto"
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