Laserfiche WebLink
<br />200704139 <br /> <br />Lender, resign at any time without cause, and Lender may at any time and without cause appoint <br />a successor or substitute Trustee. Trustee shall not be liable to any party, including without <br />limitation Lender, Borrower, Trustor or any purchaser of the Property, for any loss or damage <br />unless due to negligence or willful misconduct of Trustee. Ifrequested by Lender to foreclose on <br />the Property, Trustee shall give notice offoreclosure sale as required by applicable laws, and sell <br />and convey all or part of the Property to the highest bidder for cash. Trustee shall be indemnified <br />for all costs, compensation or expenses which may be associated with enforcement of this Deed <br />of Trust. In addition, Trustee may become a purchaser at any sale of the Property (judicial or <br />under the power of sale granted herein); postpone the sale of all or any portion of the Property, as <br />provided by law; or sell the property as a whole, or in separate parcels or lots at Trustee's <br />discretion and with Lender's consent. <br /> <br />14. Fees and Expenses. In the event Trustee sells the Property by exercise of <br />power of sale, Trustee shall be entitled to apply any sale proceeds first to payment. of all costs and <br />expenses of exercising power of sale, including all Trustee's fees, and Lender's and Trustee's <br />attorney's fees, actually incurred to the extent permitted by applicable law. In the event <br />Borrower or Trustor exercises any right provided by law to cure an Event of Default, Lender <br />shall be entitled to recover from Trustor all costs and expenses actually incurred as a result of <br />Trustor's default, including without limitation all Trustee's and attorney's fees, to the extent <br />permitted by applicable law. <br /> <br />15. Miscellaneous Provisions. <br /> <br />(a) Borrower Not Released. Extension of the time for payment or <br />modification of amortization of the sums secured by this Deed of Trust granted by Lender <br />to any successor in interest of Borrower shall not operate to release, in any manner, the <br />liability of the original Borrower and Borrower's successors in interest. Lender shall not <br />be required to commence proceedings against such successor or refuse to extend time for <br />payment or otherwise modifY amortization of the sums secured by this Deed of Trust by <br />reason of any demands made by the original Borrower and Borrower's successors in <br />interest. <br /> <br />(b) Lender's Powers. Without affelJting the liability of any other person <br />liable for the payment of any obligation herein mentioned, and without affecting the lien <br />or charge of this Deed of Trust upon any portion of the Property not then or theretofore <br />released as security for the full amount of all unpaid obligations, Lender may, from time <br />to time and without notice (i) release any person so liable, (ii) extend the maturity or alter <br />any of the terms of any such obligations, (iii) grant other indulgences, (iv) release or <br />reconvey, or cause to be released or reconveyed at any time at Lender's option any parcel, <br />portion or all of the Property, (v) take or release any other or additional security for any <br />obligation herein mentioned, or (vi) make compositions or other arrangements with <br />debtors in relation thereto. <br /> <br />(c) Forbearance bv Lender Not a Waiver. Any forbearance by Lender in <br />exercising any right or remedy hereunder, or otherwise afforded by applicable law, shall <br />not be a waiver of or preclude the exercise of any such right or remedy. The procurement <br />of insurance or the payment of taxes or other liens or charges by Lender shall not be a <br />waiver of Lender's right to accelerate the maturity of the indebtedness secured by this <br />Deed of Trust. <br /> <br />(d) Successors and Assigns Bound: Joint and Several Liabilitv: Cantions. <br />The covenants and agreements herein contained shall bind, and the rights hereunder shall <br />inure to, the respective successors and assigns of Lender and Trustor. The captions and <br />headings of the paragraphs of this Deed of Trust are for convenience only and are not to <br />be used to interpret or define the provisions hereof. <br /> <br />(e) ReQuest for Notices. The parties hereby request that a copy of any notice <br />of default hereunder and a copy of any notice of sale hereunder be mailed to each party to <br />this Deed of Trust at the address set forth above in the manner prescribed by applicable <br />law. Except for any other notice required under applicable law to be given in another <br />manner, any notice provided for in this Deed of Trust shall be given by mailing such <br /> <br />D.Deed of Trust (Nebraska) May 2007(1529784_6) (4).DOC <br /> <br />4 <br />