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,. . <br />Apr <br />101202 <br />> _ <br />4. As additional security. Trustor hereby gives to and confers upon Beneficiary the right, power and authority, during the continuance <br />of these Trusts to collect the rents, issues and profits of said property, reserving unto Trustor the right, prior to any default by Trustor <br />in payment of any indebtedness secured hereby or in performance of any agreement hereunder, to collect and retain such rents, issues <br />and profits as they become due and payable. Upon any such default. Beneficiary may at any time without notice, either in person, by <br />agent, or by a receiver to be appointed by a court, and without regard to the adequacy of any security for the indebtedness hereby secured, <br />enter upon and take possession of said property or any part thereof, in his own name sue for or otherwise collect such rents, issues and <br />profits, including those past due and unpaid, and apply the same upon any indebtedness secured hereby, and in such order as Benefidary <br />may determine. The entering upon and taking possession of said property, the collection of such rents, issues and profits and the application <br />thereof as aforesaid, shall not cure or waive any default or notice of default hereunder or invalidate any act done pursuant to such notice. <br />5. Upon default by Trustor in the payment of any indebtedness secured hereby or in the performance of any agreement contained herein, <br />all sums secured hereby shall immediately become due and payable at the option of the Beneficiary. In such event and upon written request <br />Of Beneficiary, Trustee shall sell the trust property, in accordance with the Nebraska Trust Deeds Act, at public auction to the highest <br />bidder. Any person except Trustee may bid at Trustee's sale. Trustee shall apply the proceeds of the sale as follows: ill to the expense <br />of the aide, including a reasonable Trustee's fee; W to the obligation secured by this Deed of Trust; i31 the surplus, if any, shall be distributed <br />to the persons entitled thereto. <br />6. 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 Deed of Trust, and such as he may have <br />acquired thereafter. Trustee's deed shall recite the facts showing that the sale was conducted in compliance with all the requirements <br />of law and of this teed of Trust, which recital shall he prima facie evidence of such compliance and conclusive evidence thereof in favor <br />of bona fide purchasers and encumbrancers for value. <br />7. The power of sale conferred by this Deed of Trust is not an exclusive remedy: Beneficiary may cause this Deed of Trust to be foreclosed <br />as a mortgage. <br />H. In the event of the death, incapacity, disability or resignation of Trustee, Beneficiary may appoint in writing a 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 shall be vested with all powers o£ 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 be a party unless such action or <br />proceeding is brought by the Trustee. <br />9. This Deed of Trust applies to, mares to the benefit. of, and is binding not only on the parties hereto, but on their heirs, devisees, <br />legatees, administrators, executors, successors and assigns. The term Beneficiary shall mean the holder and owner of the note secured <br />hereby, whether or not named as Beneficiary herein <br />10. Request 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 named in this Trust Deed at the mailing address of such person asset out above. <br />NOTICE TO CONSUMER: 1. Do not sign this paper before you read it. 2. You are entitled to a copy <br />of this paper. 3. You may prepay the unpaid balance at any time without penalty and may he entitled <br />to receive a refund of unearned charges in accordance with law. <br />Sighed this _-- �.1 —___ -_ day oi' ___MaC.Ch.__._. _..__. A.D. 19$5____. <br />STATE OF NEBRASKA <br />COUNTY <br />On this __1 <br />L1_. —_._- day of -_ MaCeatl_.________, A.D., 19. 86 before me, the undersigned, a Notary Public, duly <br />commissioned and qualified for and residing in said county, personally came Ger_a.1d_.R.__K1ndig_and _Patricia A. <br />Kindig,._.husbzmd._wW__wi_fe to me known to be the identical personS-_ whose name$__. affixed to the foregoing <br />instrument as'frustor 5 - -- _ _ .. and acknowledged the same to be. __.__ thel r <br />- -- -- - - - - -- - .- vol- <br />untary act and deed. <br />Witness my hand and Notarial Seal the day and year la t a 'ems'��hsbslgslresy <br />,My Commission expires the -_ _ __ day IERIN Y. iMATBON <br />of ._.C�...rs..� lit _ - I�.COM1. `�•:..._- ,ice /. r:.: :,�;. <br />r Public <br />c <br />m <br />Q <br />STATE OF -- <br />-- -- County <br />Entered in Numerical Index and filed for record in the office of the Register of Deeds of said county. the <br />day of 19. - -_ - - . at __ __ - _ . o'clock and <br />minuws __ _. M.. and duly recorded in Book __ __--- -_- -- --___._ of <br />'Mortgages page <br />sit F:611NF., <br />r. <br />Register of Deeds <br />Deputy <br />u <br />