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<br />86, 102317
<br />J. As additional security. Trustor herehy gives to and confers upon Beneficiary the right, power and authority. during the continuance.
<br />of chest 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 anv indebtedness secured hereby or in performance of anv agreement. hereunder, to collect and retain such rents, issues
<br />and profits as they become due and payable Upon am such default, Beneficiary may tit 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 securit.v 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 saute upon any indebtedness secured hereby, and in such order as Beneficiary
<br />may determine. The entering upon and taking possession of said property, the collection of such re nt:, issues and profits and the application
<br />thereof as aforesaid, shall not cure or waive any default or notice of default hereunder nr invalidate any act done pursuant to such notice.
<br />5. Upon default by Trustor in the payment. of any indebtedness secured hereto or m the performance of any agreement contained herein,
<br />all sums securer( hereby shall immediau•h• 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. Anv person except Trustee may bid at Trustee's sale.. Trustee shall apply the proceeds of the sale as follows: iii to the expense
<br />of the sale, including a reasonable Trustee's fee; t2t to the obligation secured by this Deed of Trust 3 the surplus. if any, shall l e distributed
<br />to the persons entitled thereto
<br />6, Trustee shall deliver to the purchaser at the it., deed. without warranty, which shall convey to the purchaser the interest in
<br />sale i
<br />the property which Trustor had or had the power to convey at the time of his execution of tins heed of Trust. and such as he may have
<br />acquired thereafter. Trustee's deed shall recite the fact., showing that the sale was conducted in compliance with all the requirements
<br />of law and of this Deed of Trust, which recital shall he prima facie evidence of such compliance and conclusive evidence thereof in favor
<br />of bona fide purchasers and encnmhram•cr:: for value
<br />;. The power of sale conferred by this Derr! of Trust is not an exclusive remedy. BeneGcmry may cause this Ueed oC'Trust to be foreclosed
<br />as a mortgage.
<br />H In the event of the death, incapr.in, disability or resignation of Tntstef. benefieiary may appoint in writing a successor trustee.
<br />and upon the recording of such appointment, m'the mortgage iecor& rf tilt couute to which this Deed of Trust is recorded, the successor
<br />trustee shall he vested with all powers of the ongin;tl trustee The trustee is not obliged to notify an} party hereto of pending sale under
<br />anv other Deed of Trust or of anv action or proceeding in wvhich Trustor. l'ru;[ee or Genetic tar}' shall he a party unless such action nr
<br />proceeding is brought by the Trustee
<br />il. This Deed of Trust applies to, inures to the henefit Of. and c holding not only on the parties hereto, hot on their heirs, devisees.
<br />legatees, administrators, executor.., successor= and assigns_ The term Geneficcary 4h:dl rietm tf,e holder :tad owner ..f the note ecured
<br />hereby. whether or not named is lienefic+:iry herein
<br />lli_ Request for Notice of Default or Notic • of Sale. it is requeited that a ee pe ,.f am Notice of Default or Notice oC Sale he mailed to
<br />each person who is named in this Trust Deed art the mailing address Of uch person �k, sort cut 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 be entitled
<br />to receive a refund of unearned charges in accordance with law.
<br />Signed this
<br />r l s May
<br />_ day of .y 86 � {' ' ✓ "/ �' -
<br />STATE; OF' NEBRASKA x
<br />Hail. COUNT)' X
<br />On this . 8 . clay Ut May A 1) . i;) 86 , befor,• ine, the undersigned, a Notary Public, duly
<br />commissioned and qualified for and residing in sold c,ainR. p,•r-sonally time Lyle W. Wilke and _.Leola -M. -- Wilke,
<br />Hus-b -and Wife to nit, known to be tilt iilentirai person S w4wsr names their
<br />to the foregoingvol-
<br />ins
<br />trument as Trustor _S ind acknowledged tho sane to be
<br />untary act and deed.
<br />Witness my hand and Notarial Seal the da> and veer — tnbMM�Nab
<br />ilv (rrnmission expires the 8 1 v
<br />SHERRI Y. WATSON
<br />,.
<br />February lt) 87 0"W �e FeCr a. Is
<br />'Vtlrrtia I'uhlu�
<br />STATE OF
<br />Count
<br />Entered m Numerical index and lilrd for re<„rd ni this i,tlice of ttir Kr•gistr r ..I ile,'d� t„rkarind aunty. ?hc
<br />day of v e:
<br />'. `1 and duly r,.rnrdr.d :n li;,,,k •i
<br />minutes
<br />Nlortga;;es page
<br />Re, I It "t Ili ds
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