87103276 - Laserfiche WebLink

Browse

4-4 74Y ! *87-103276 84 1 006168 by the-• - .. , nrnrfiriur:• hold. :env ndditi,a ..,, ri; horcby. it may crforce the sale thereof. At, its option -ithrr ' :ontemporaneously with. or After the Dade Is made herrutider. And an any' default of Trustor, Beneficiary may, At its option, offset against ane indebtedness secured hereby, and the Beneftelary is hereby authorized and empowered at its option, without any obligation so to do, and without affecting the obligations hereof, to apply toward the payment of any indebtedness of the Truster to the Beneficiary any and all sums of money of Truster which Beneficiary may have in its possession or under its control, including without limiting the generality 'of the foregoing, any savings account, deposit, investment certificate, escrow or trust funds. 2S. Acknowled ant: Truster agrees and acknowledges that prior to the executon o t to Deed of Trust, Truster did acknowledge in writing and hereby confirms again that (a) thin Deed of Trust is not a mortgage, but a deed of trust, (h) that the power of sale provided for herein provides substantially different rights and obligations for Truster than a mortgage in the event of a default or breach of any obligation hereunder. And (c) the Aforementioned written acknowledgment was executed prier to the execution of this Decd of Trust.. 26_ Law Appllenhie: That this Dced of Trust shall be construct) according to the laws nrthe State of \rhrnskn. -7. IDegality: In the r—At that any provision er clause of this Deed or Trust con Girts with npplicable law, such conflict shall not Affrrt other provlsion� of this Decd of Trust which can be given effect without the conflicting provision. and to this end the provisions of this Deed of Trust are declared to be severable. 2a_ (cam ov s, Prisions: (a) This Deed of Trust applies to, inures to the hear tt c. , and binds all parties hereto, their heirs, legatees, devisers, administrators, executors, successors and assigns. (b) The term -11— ficinry" shall mean the owner and holder (including a pledgee) of any note secured hereby, whether or not named as Beneficiary herein. (c) Wherever the context so requires, the masculine gender includes the feminine and neuter, the singular numder includes the plural, and vice versa. td) Captions and paragraph headings used herein Are for convenience only, are not a part of this Agreement, and shall not he used in construing it. If more than one person is named herein as Trustor, each obligation of Truster shall be the pint and several obligation of each such person. The rights or remedies granted hereunder, or by law, shall not be exclusive, but shall be concurrent and cumulative. 29. TRUSTEE ACCEPTS this Trust when this Deed of Trust, duly executed and acknowledged. Is made a public record as provided by law. Trustee is not obligated to notify any party hereto of pending sale under any other Deed of Trust or any action or proceeding in which Trustor. Beneficiary or Trustee shall be a party, unless brought by Trustee. 30. Address for luailin Notices: Truster hereby requests that e copy of any not c,s a Au_t an s copy of any notice of sale hereunder shall be mailed to each person itemised below at the address indicated: Truster: Grand Island South Investors Address of Truster: cio John P. Chudy 11605 Neat Dodge Road Omaha, Nebraska 66154