Laserfiche WebLink
<br />..... <br /> <br />'. <br /> <br />200705456 <br /> <br />proper appointment of the successor TRUSTEE. The foregoing power <br />of substitution and the procedure therefore shall not be exclusive <br />of the power and procedure provided for by law for the substitution <br />of a TRUSTEE in the place of the TRUSTEE named herein. <br /> <br />G. TRUSTORS covenant and agree that upon any attempted conveyance, <br />assignment, pledge or transfer of any of their interest in the <br />premises during the term of the loan secured hereby, the <br />BENEFICIARY shall have the option of declaring the unpaid balance <br />immediately due and payable, and if said sum remains unpaid for Ten <br />(10) days thereafter, BENEFICIARY can cause Notice of Default to be <br />given and the premises be sold as provided herein. <br /> <br />H. As additional and collateral security for the loan, and effective <br />forthwith upon filing of a Notice of Default, this instrument shall <br />serve as an assignment by the TRUSTORS to the TRUSTEE, of all rents <br />and revenues resulting from the property, and TRUSTEE is authorized <br />to take possession of the property, rent or lease the same on terms <br />he deems best and to collect the rents and revenues and apply the <br />same upon unpaid interest, principal, taxes or insurance premiums <br />or for maintenance and preservation of the premises. <br /> <br />I. The waiver by TRUSTEE or BENEFICIARY of any default of TRUSTOR <br />under this Deed of Trust, on one occasion, shall not be or be <br />deemed to be a waiver of any other or similar defaults subsequently <br />occurring. <br /> <br />J. If title to any part of the property herein shall be taken in <br />condemnation proceedings, by right of eminent domain, or similar <br />action, or shall be sold under threat of condemnation, all awards, <br />damages and proceeds are hereby assigned and shall be paid to the <br />BENEFICIARY, who shall apply such payment, or any part thereof, in <br />their sole discretion, to the sum due at that time on this Deed of <br />Trust and Trust Deed Note, with any balance above the amount due <br />hereunder payable to the TRUSTORS. <br /> <br />K. The BENEFICIARY, their agents or representatives, are hereby <br />authorized to enter, at any reasonable time, upon any part of the <br />trust property for the purposes of inspecting the same and for the <br />purpose of performing any of the acts they are authorized to <br />perform under the terms of this Deed of Trust and other <br />accompanying documents. <br /> <br />L. This Deed of Trust and all accompanying documents are subject to, <br />constructed and governed by the laws of the State of Nebraska for <br />all purposes. <br /> <br />M. In the event anyone or more of the provisions contained in this <br />Deed of Trust, Trust Deed Note, or any other instrument given in <br />connection with this transaction, shall for any reason be held to <br />be invalid, illegal or unenforceable in any respect, such <br />invalidity, illegality, or unenforceability shall, at the option of <br />the BENEFICIARY, not affect any other provisions of this Deed of <br />Trust or Trust Deed Note, but this Deed of Trust and Trust Deed <br />Note shall be construed as if such invalid, illegal or <br />unenforceable provision had never been contained therein, it being <br />the intention of the parties that the provisions of this Deed of <br />Trust are declared to be severable. <br /> <br />N. TRUSTORS hereby waive their right to designate the property subject <br />to this Deed of Trust as a homestead under Neb. Rev. Stat. 940-101 <br />(Reissue 1993). <br /> <br />O. <br /> <br />This Deed of Trust shall <br />personal representatives, <br />hereto. <br /> <br />inure to and bind the heirs, devisees, <br />successors and assigns of the parties <br /> <br />The TRUSTORS request that a copy of any Notice of Default and of any <br />Notice of Sale hereunder be mailed to them at the address herein set forth, or <br />such other address as he may provide to the TRUSTEE and BENEFICIARY. TRUSTORS <br /> <br />-4- <br />