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12. As additional securin Borrower do- kcrcbw assign, a-*- —4 set — to Lender, in tax of default in the performance of any of the tam
<br />or conditions of thus Trust Deed, the Now, our the terms of any mdebtvibmus secured hereby. all of The rest, revenues and any income of =7 type . act-
<br />land F&Vaieeoi. Lender. M person, by agent or JXV -Zre�', With I rag" to the solve"
<br />or gooloombeeT 40-f _dW sia"W"o4w- cnuded . take pomession of, repar, rent and manage the PO4roperry, and to cobacs the
<br />rr-p-t",
<br />teas, mvenum and income
<br />sue'" so therefrom and a may pay am of mad =come aa expenses ofr clue sad costs incurred an verearigand %be proverry
<br />MM& =4 for Pa"Ment of with ary remaining balance to be applied to the Wt maturing payments debt secured
<br />this ;=a",;cCr== .o any lessee, team% or contract purchaser of the property. such person sliall pay all
<br />0.
<br />psi #'rc*!TAMI a copy at
<br />V-4 Payments and proua av-Tued or shoroafter accruing to the Lender anti fie aci some from the Lender.
<br />Q 13. If all as joy part of the rropert), or any interest therein n deade4L sold by land contract or otherivii sc conwcyc& alienated or further eft-urn-
<br />*VwJ hued either volimuerily or j without Lender's prim writes consent, or if taw Tractor is a corporation and there is a change in owricniap of
<br />50% or sore of the 'a stock& or if the Truster is a Partnership and there is a change in the membership or a disso" of the partnership.
<br />(a)& fi, operation of law upon the d"ith of a=- venmi IN (b'� the pant of any leavehold imerest line contain" SO option to PW-
<br />dow umb a law of TWO v ic) she creasson purthase monew , Intercit
<br />vets ar less, of . security in household appliances, than Leader may, at its
<br />aptian decUrt all soma second by dus Trust Dead to be immediately due and payabit, in the event the Lender consents to any such change = owaer-
<br />ra
<br />A* control or dissoluxam or %xvisfer of all or any part of the Properry, then Lender may at m, option adjust the mterest -ate to the pacruffieig is: *I
<br />00 mrsanist that in duNqpd on new secured loom of she type seem" by rka; Trust Deed at the time of the change in ownership, conuml, dissolution
<br />transfer and may charge a transfer sec -
<br />14- Upon Somowers breach of any covenzat or agreement of Borrower in this Truss Deed, including the covenants to pay wheat due any saw
<br />secured by this Traw Deed, Lender at is option my declare all of :he notes secured by dus Truss Deed to be immediately due and payable without
<br />farther demand and may invoke the power of sae andfor any other remedies permitted by applicable law vtduJmg the n& to foreclose this True Deed
<br />in the manner provided by law for the fareclosure of mortgages an real estate. Lend-- shall be enoded to collect all reasonable cam and expenses incur-
<br />red in parsisisig sucis nemezlies iochadmg But am limited to, and to the extent permitted by law, reasonable attorney fees.
<br />tf the power of ask in invoked, Trustee shall record a notice of default in each county in which the Property or some part thmofis located and
<br />provide nonce thereof in the maimor prescribed by applicable law. After the I" of such thrie as may be required by applicable law, Trustee iluill give
<br />public aogee of ask to the persons and as the manner prescribed by applimble Ia.. Trustee, or the attorney for the Trustee, without demand on Bot-
<br />, " so the ?ropes ry an public auction to the h3gliest bidder at the time and place and under the terms designated in the notice of sale in one or
<br />move parcels and m such order as Trustee may Jeterrrune_ Trustee may postpone sate of all or any parcel of the Property by public announcement at the
<br />time and place of any previously scheduled sale. Lender in Leader's designee in&) purchase the properry at any sale,
<br />Upon receipt of payment of the price bid. Trustee sh➢ dcbv= to the ptuchaaer a Trustee's Deed, without warranty, conveying the Properry sold.
<br />Mae recisals is the Trussee's Deed shall be prima facie tvadence, of the truth of the statements nude therein- Trustee shall apply the proceeds of the sale in
<br />the following order. a) w all reasonable costs and expenses; of the sole, including, but not limited to, Trustee's fees of not more than Five Hundred and
<br />Noi:100 (S500MI plus V2 of IS of the amount secured hereby and remaining Unpaid, and cam of title evidence. b) to all sum secured by this Trust
<br />Deed: and c) the excess, if maw, to the person or persons legally entitled thereto.
<br />15. Any forebearasace by Lender in exercising any right or remedy hereunder, at Otherwise afforded by applicable law, shall not be a jiv-
<br />of or preclude the exercise of airy such right or remedy in the event of continuing or future breaches by the Borrower.
<br />16- All remedies provided in this Trust Deed am distinct and cumulative to any other right or remedy undo this Trust Or afforded by law or
<br />equity, and may be exercised concurrently, independently Or successively. if Borrower has given Lender achartei mortgage, or security erg on
<br />personal property as ad security for the debt secured bereby, m the event of default hereunder or thercunder, Lender shall have righ t and
<br />option to first foreclose on said personal property, without prejudice to its right to thereafter sell or foreclose the Property or to pursue all security at the
<br />mine time at to pursue the personal property after The sale or foreclosure of the Property.
<br />17. Upon payment of all sums secured by this Trust Deed, Lender shall request Trustee to recouvey the property and shall surrender dus Trust
<br />Dead and all news evidencing sudebtedneas secured by this Thist Deed to Trustee. Trustee shall reconvey the property without warranty to the person or
<br />pdttsoos legally entitled diereto. Such person or persons shall pay all costs Of recordation. if any.
<br />19. Lender, at Lesader's option, tray from time To time remove Trustee and appoint successor trustee to any Trustee appointed hereunder by an
<br />insm-ament recorded in the County in which flus TTust Deed is recorded, Wnhout conveyance of the Property, the successor trustee shall succeed to an
<br />=k, power and duties conferred upon the Trustee herein and by applicable law.
<br />19. Except for any unsicM demands, requests or other communications required under applicable law to be given in another manner, whenever
<br />Borrower or Trustee gives or serves any notice (including, without linrutation, nonce of default and notice of sale), demands, zezVuesz; at other
<br />communication with respect to this Trust Deed, each such notice, demand, request Or other communication shall be in writing and shat be effective only
<br />if the nine is delivered by personal service Or marled by certified mail, postage prepaid, return receipt requested, addressed to the address as set forth at
<br />the beginning of this Trust Deed- A copy of any notice of default, any nonce of sale, required or permitted to be given hereunder, shall be misled to each
<br />;=am who is a party bereto at she address set forth at the beginning of this Trust Deed, Any party may at any time change its address for such notices by
<br />delivering or maiimg to the other parties bereto, as aforesaid, a nonce of such change. Any nonce hereunder shall be deemed to have been given w Bor-
<br />rower or Leader. when given in the manner designated l,-rem.
<br />20. The covenants and agreements Herein contained shall bind, and the rights bcrcundcr shall inure to the respective heirs. representatives. suc-
<br />oxasars
<br />and astiguc of the patties. All covenants and agrecinents, of the Borrower shall be joint and several. Whenever reficrcncr is made to the mng-ular
<br />hereunder, n shall include the plural and the piural shall include the singular.
<br />IN WITNESS WHEREOF, Borrower has executed this Trust Deed.
<br />7;7.
<br />Robert E. Der�orrawcr
<br />Taxpayer ID. No. or Social Security No.
<br />STATE OF NEBRASKA
<br />Counry of Lancaster
<br />sTATEoF Nebraska
<br />County of ii''l-1—
<br />Norma J. Derr
<br />ACKNOWLEDGMENTS
<br />The foregoing instrument was acknowledged before me this
<br />day of 1 19 by
<br />.Notary Public
<br />The foregoing ms=dmqnL. was acknowledged before me this
<br />19 86 by Robert E. Derr
<br />Notary Public
<br />STATE OF NEBRASKA The foregoing instrument was acknowledged before me this
<br />county of Lancaster day of by
<br />af
<br />a corporation. On behalf of said corporation.
<br />Notary public
<br />STATE OF NEBRASKA 7%c foregoing instrument was acknowledged before me this
<br />County of Lancaster day of 14 by
<br />-------------------
<br />Piartner, an behalf of
<br />a partnership.
<br />Notary Public
<br />STATE OF
<br />Counryof Enraed an numerical -ndez and filed for record at the Reguiter. of Deed$ Office of said
<br />L co;.mry be dad of
<br />at '6—k and minutes
<br />and recorded ir, Book at pa9v
<br />o7 Dds
<br />
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