|
m
<br />"t. As additional security, Truator hereby gives to and conform upon Haneftaiary the right, power and authority, during the contbnnance
<br />of thow Trusts to collect the rents, issues and profile of said property, reoerving ante Truster the right, priar to any default by Tr
<br />in payment of any i secured hereby or in paeforntenoe of any Agreement hereunder, to Who and retain such rents,
<br />must is am they become dram and yable. Upon any much default, Beneficiary may at any time without notice, either in n, b
<br />Writ, or by a fver to he a n by a hurt, and without regard to the Adequacy of any trity for the indolit I mocur
<br />enter upon and take possession of maid pr 6 y ur any part thereof, in his own name sue for or otherwise called a rents, and
<br />including the peat due and unpa' , and apply the same upon any indebt@duess secured hereby, and in each ormhor as Its .
<br />determine. may The entering upon and taking possession of maid property, the collection of such rents, iowas and profits and the application
<br />thereof as afisrovaid, shall not cure or waive any default or notice of default hereunder or invalidate any act dons puramiat t m much notoce.
<br />b. upon default by Trainor in the payment of any indelatedmaim secured hereby or in the perfiormaruw of any agreement contained herein,
<br />all mossis secured hereby shall immediately become due surd payable at the option of the Beneficiary In such @vent and upon written request
<br />of IlAniallbaory, Trustee shall all the trust property, in Accordance with the Nebraska Trust DOWN Act, at public aucumin to the highest
<br />b' Any person except Trustee may bid at Trustee's sale. Trustee shall apply the procoodmi of the male as follase: 11) tst the expianir
<br />of the aide, including a reasonable T 's fee; t21 to the obligation gyred by this teed of Trust; f8i the surplus, if any, shall be distributed
<br />to the perms entitled thereto.
<br />b. Trustee shall deliver to the purchaser at the sale its deed, without warranty, which shall convey to the purchaser the interest in
<br />the property which Trustor had or had the power to convey at the time of his execution of this Dead of Trust, and such as ba may have
<br />ae"ired thereafter, Trustee's shall recite the facts showing that the male was conducted in compliance with all the roquiroments
<br />of law and of this teed of Trust, which recital shall be prima facie evidence of much compliance and conclusive evidence thereof in favor
<br />of bona fide purchasers and encumbrancer@ for value.
<br />7. The power of sale conferred by this Deed of Trust is not an exclusive remedy; Beneficiary may cause this teed of Trust to he foreclosed
<br />as a mortgage
<br />H. In the event of the death, incapacity, disability or resignation of Trustee. Beneficiary may appoint in writ :_; : successor trustee,
<br />and upon the recording of such appointment in the mortgage records of the county in which this Deed of Trust is recorded, the successor
<br />trustee shalt be vested with all powers of the original trustee. The trustee is not obliged to notify any party hereto of pending sale under
<br />any other Deed of Trust or of any action or proceeding in which Trustor. Trustee or Beneficiary shall bye a party unless such action or
<br />proceeding is brought by the Trustee.
<br />b. This Ill of Trust applies to, murex to the benefit of, and is binding not only on the parties hereto, but on their heirs, devisees,
<br />legate". administrators, executors, successors and assigns The teen Beneficiary shall mean the holder and owner of the note secured
<br />hereby, whether or not named as Beneficiary herein.
<br />10. Itequest for Notice of Default or Notice of Sale. It is requested that a copy of any Notice of Default or Notice of Sale be mailed to
<br />each person who is nomed in this Trust Deed at the mailing address of such person as met out above.
<br />NOTICE TO CONSUMER: 1. Do not sign this paper before you rend it. 2. You are entitled to a copy
<br />of this paper. S. You may prepay the unpaid balance at any time without penalty and may be entitled
<br />to receive a refund of unearned charges in accordance with law.
<br />Signed this _ 1. ._. day of ..._ p- tembef_. _.. A.D. 19__.$7.__.
<br />^l 9
<br />STATE OF NEBRASKA
<br />COUNTY
<br />On this __ 15 __ .. day of 5eptef bur.. . A D., 19 .$!_ . . before me, the 4mtersigned, a Notary Public, duly
<br />fiU t B an*,gualifed for and residing in said county, personally came. James W. Nelson & Rose A4. Nelson
<br />ft _ __. _ __
<br />_..._. to me known to he the identical person `�_.. who name S affixed to the foregoing
<br />instrunterit as Trueior and acknowledged the same w be _.. th21 r _.__ _ vol-
<br />untary act. and deed.
<br />Wit my hand and Notarial Seal the day and year 1
<br />.Nly Comm ton ex iris the 8 __ _._ _ _ do
<br />p ,
<br />19_9]___ s1liN r
<br />X�Public
<br />STATE O
<br />as.
<br />County
<br />Entered in Nuamrwal Index and filed for record in the office of the Register of Deeds of acid county, the
<br />day of __ _ _ -- _. -_.. 19._. __.. -. at .____ _ .. o'clock and
<br />trunutee M., and duly recorded in Book __ _ ._ _ of
<br />mis"gages pow
<br />s
<br />Register of Deeds
<br />Deputy
<br />N
<br />
|