|
66-00 111 8 8
<br />4. As additional wcuruy, Trustor hereby give: .o and confers upon Beneficiary the right, power and authority, during the continuance
<br />of these Trusts to collect the renti,, issue. and profit-+ of said propem, reserving unto Trustor the right, prior to any default by Trustor
<br />in payment of any indebtedness. secured hereby or in perfurnance of any agreement hereunder, to collect and retain such rents, issues
<br />and profits its obey 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 secunty for the indebtedness hereby secured.
<br />enter upon and take possession of said property or any part thereof, in his own name Hue 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 Beneficiary
<br />may determine. The entering upon and taking possession of said property, the collection of such rent,, 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 performtame of any agreement contained herein,
<br />all sums secured hereby shall emmwiiately become due and payable at the option -d 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 or Trustee's sale. Trustee shall apply the proceeds of the sale as follows: al' to the expense
<br />of the Male, including a reasonable Trustee's fee; '2t to the obligation secured by this teed of Trust. 1 3% 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 �,r had the power to convey at the time of his execution of this Iced 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 Deed of Trust, which recital shall he prima facie evidence of such compLance and conclusive evidence thereof in favor
<br />of bona fide purchasers and encumbrancer+ for value
<br />7. The power of'sale conferred by thi, Deed at Trust i, not an txch:: ive ii—medy. Bvnefict iry may cause this Deed of-Trust to he foreclosed
<br />as a mortgage.
<br />K In the event of the death mropactty. disability or resignation of Trustee . fieneficiary may appoint in writing a successor trustee.
<br />and upon the recording of such appointment ia.thc mortgage record, of the count.• nt which toes Deed of Trust is recorded. the successor
<br />trustee shall be vested with all power, rd the original trustee The tro,tee is not obitged to notify any party hereto of pending sale under
<br />ant' either iced of Trust or of anv acttrm or proceeding in which Tr ,,tor. Trustee or Beneficiary shall he a party unless such action or
<br />pro-_eeding is brought by the Trustee
<br />9. This 1)ted of Trust applies tn, inure., to the benefit 4 and hording not .ink on the parties hereto, but on their heir.:, devisees.
<br />legatees, administrators, executors, --e—s and assigns The. term 13erc-flctar-. -.h al! ni-an the holder and owner of the note, ceeureci
<br />hereby, whether or not named as Beneficiary herein -
<br />10. Request for Notice of Default or Notice of S.•tle It is requested that a cojip =:f any Nonce rf Detault or Notice of Sale he mailed to
<br />each ners—n who is nain d in this Trust Dewd at it,, nriilmG addre,< of sue h pees. t. — =et nut ahoy:-
<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 the -a ._ 20_ _ day of Hay A D 19 86
<br />-f
<br />'-
<br />S TATE OF NEBRASKA
<br />i
<br />=* 11
<br />On this
<br />20_ day of May A D. tq 36 before me the undersigned. it Notary Public, duly
<br />_-
<br />commissioned and qualified far and to -:A:ri it -,aid c>untt pter,nnal1v same Jiro D. Findley and, Betty_ E. Findiey,
<br />hus_bded_ and 11112 _ vi me known to be the identical person 5 whose trune S affixed to the foregoing
<br />instrument as Trustor 5 and ackni,wledved the same to he tllel i vol-
<br />ttntary act and decd
<br />Witness my hand and Notarial Seal the day and rear i
<br />11y Commission expires the da iYWIMiAt�WATSDN
<br />M February 1987 SHERI V. Y tetyr
<br />STATE OF
<br />Entered in Numerical Index and r0t-d for recorii :r. the :jff` e it the Regi,tcr :,t Deeds id said county, the
<br />day of ,l- k i,nd
<br />minutes _ _ - - M . and dulc recorded !n H <sok ni -
<br />Nlortgages page
<br />Rel;is[t•r of Deeds
<br />431 E;> NF. ilrputy
<br />u
<br />
|