Laserfiche WebLink
86- 107300 <br />10. ACCELERATION UPON DEFAULT ADDITIONAL. REMEDIES. Should an event of default occur Beneficiary <br />may declare all indebtness secured hereby to be due and payable and the same shall thereupon become due and payable <br />without any presentment, demand. protest or notice of any kind. Thereafter Beneficiary may: <br />(i) Either in person or by agent, with or without bringing any action or proceeding, or by a receiver appointed by a court <br />and without regard to the adequacy of its security, enter upon and take possession of the Trust Estate, or any part thereof, in <br />its own name or in the name d'Tr aMee, and do any acts which it deems necessary or desirable to preserve the value, market• <br />ability or rentability of the Trust Estate, or part thereof or interest therein, increase the income therefrom or protect the <br />security hereof and. with or without taking possession of the Trust Estate, sue for or otherwise collect the rents, is Sues and <br />profits thereof, including those past due and unpaid and apply the sane, lees costa and expensesof operation and collection <br />including attorneys fees, upon any indebtedness secured hereby, all in such order as Beneficiary may determine. The <br />entering upon and taking possession of the Trust Estate, 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 in response <br />to such default or pursuant to such n otid of default and, notwithstanding the continuance in possession of the Trust Estate <br />or the collection. receipt and application of rents, issues or profits. Trustee or Beneficiary shall be entitled to exercise every <br />right provided for in any of the Loan Instruments or by law upon occurrence of any event of default, including the right to <br />exercise the power of sae. <br />(ii) Commence an action to foreclose this Deed of Trust as a mortgage, appoi nt a receiver, or specifically enforce any of <br />the covenants hereof: <br />(iii) Deliver to Trustee a written declaration of default and demand for sale, and a written notice of default and election <br />to cause Ttustor's interest in the Trust Estate to be sold, which notice Trustee shall cause to be duly filed for record in the <br />appropriate Official Records of the County in which the Trust Estate is located. <br />11. FORECLOSURE BY POWER OF SALE. Should Beneficiary elect to foreclose by exercise of the Power of Sale <br />herein contained, Bereficiary shall notify Trustee and shall deposit with Trustee thin Deed of Trust and the Note and such <br />receipts and evidence of expenditures made and secured hereby as Trustee may require. <br />(a) Upon receipt of such notice from Beneficiary, Trustee shall cause to be recorded, published and delivered to Trustor <br />such Notice of Default and Notice of Sale as then required by law and by this Deed of Trust. Trustee shall, without demand <br />on Trustor, after such time as may then be required by law and after recordation of such Notice of Default and after Noticeof <br />Sale having been given as required by law, sell the Trust Estate at the time and place of sae fixed by itin such Noticeof Sale, <br />either as a whole, or in separate tots or parcels or items as Trustee shall deem expedient, and in such order as it may deter- <br />mine, at public auction to the highest bidder for cash in lawful money of the United States payable atthe timeof sale. Trustee <br />shall deliver to such purchaser or purchasers thereof its good and sufficient deed of deeds conveying the property so sold, but <br />without any covenant or warranty, express or implied. The recitals in such deed of any matters or facts shall be conclusive <br />proof of the truthfulness thereof. Any person, including, without limitation, Trustor, Trustee and Beneficiary, may purchase <br />at such sale and Trustor hereby covenants to warrant and defend the title of such purchaser or purchasers. <br />(bi As may he permitted by law, after deducting all costa, fees and expenses of Trustee and of this Trust, including costs <br />of eviden a of title in connection with sale, Trustee shall apply the proceeds of sale to payment of all sums expended under <br />the terms hereof, not then repaid, with accured interest at — percent t__') per annum, (ii) all other sums then secured <br />hereby, and (iii) the remainder, if any to the person or persons legally entitled thereto. <br />(c) Trustee may in the manner provided by law, postpone sale of all or any portion of the Trust Estate. <br />12 REMEDIES NOT EXCLUSIVE. Trustee and Beneficiary, and each of them, shall be entitled to enforce payment <br />and performance of any indebtedness or obligations secured hereby and to exercise all rights and powers under this Deed of <br />Trust or under any Loan Instrument or other agreement or any laws now or hereafter in force, notwithstanding some or all <br />of the such indebtedness and obligations secured hereby may now or hereafter be otherwise secured, whether by mortgage, <br />deed of trust., pledge, lien, assignment or otherwise. Neither the acceptance of this Deed of Trust nor its enforcement whether <br />by court action or pursuant to the power of sale or other powers herein contained, shall prejudice or in any manner affect <br />Trustee's or Beneficiary's right to realize upon or enforce any other security now or hereafter held by Trustee or Beneficiary, <br />it being agreed that Trustee and Beneficiary, and each of them. shall be entitled to enforce this Deed of Trust and any other <br />security now or hereafter held by Beneficiary or Trustee on such order and manner as they or either of them may in their <br />absolute discretion determine. No remedy herein conferred upon or reserved to Truster or Beneficiary is intended to be <br />exclusive of any other remedy herein or by law provided or permitted. but each shall be cumulative and shall be in addition <br />to even• other remedy given hereunder or now or hereafter existing at law or inequity or by statute. Every power or remedy <br />given by any of the I oan Instruments to Trustee or Beneficiary or to which either of them maybe otherwise entitled. maybe <br />exercised, concurrently or independently, from time to time and as often as may be deemed expedient by Trustee or Bene- <br />ficiary and either of them may pursue inconsistent remedies. Nothing herein shall be construed as prohibiting Rencfician• <br />from seeping a deficiency judgment against the Trustor to the extent such action is permittd by law. <br />REQUEST FOR NOTICE. Trustor hereby requests a copy of anv notice of default and that any notice of sale hereunder <br />be mailed to it at the address set forth in the first paragraph of this Deed of Trust_ <br />14. GOVERN I NG DA W. This Deed of Trust shall he governed by the laws of the State of Nebraska. In the event that <br />any provision or clause of any of the Loon instruments conflicts with applicable laws, such conflicts shall not affect other <br />provisions of such Loari Instruments which can be given effect without the conflicting provision, and to this end the pro - <br />visions of the Loan Instruments are declared to be severable. This instrument cannot be waived, changed, discharged or <br />terminated orallv, but only by an instrument in writing signed by the party against whom enforcement of any v. giver, <br />change, discharge or termination is sought. <br />15 RECONVEF:4'vCE BY "fRUSCEE. U1x n written request of Beneficiary stating that all sums secured herebv have <br />been paid, and upon surrender of this Deed vt T'rust and the Note to Trustee for cancellatrcn and retention and upon pay- <br />ment bi; rustor of Trustee's fees, Trustee shall reninvey to Trustor, or the person or persons legally entitled thereto, without <br />warranty, any pension of the Trust Fstate then held hereunder. The recitals in such recomveyance of any matters or facto <br />shall he conclusive proof of the truthfulness thereof. The grantee in any remriveyamce may be described as "the person or <br />persons legally entitled thereto" - <br />16. NOTICES. Whenever Beneficiar•. T'rustnr or Trustee shall desire to give or serve any notice. demand, request or <br />other communication with respect to this Ikeei of Trust, each such notice, demand• request or other communication shalt he <br />in writing and shall Fee effective only if the same is delivered by personal service or mailed by certified mail, postage prepaid, <br />return receipt requested. addressed to the address set forth at the beginning of this Deed of Trusl_ Any party may at this time <br />change its address for such notices by delivering ,rr mailing to the other parties hereto, as aforesaid, a notice of such change. <br />IT ACCEPT'ANC'E, BY TRUSTEE.. Trustee accepts this Trust When this Deed of Trust, duly executtyl and acknow <br />ledged, is made it public record as provided by law <br />IN WITNrss wtiF,REOF.'1'rum--, has exwuted this Deed of Trust as of the day and veer first abiwe written <br />TRUSTEE 'frusive accepts this Trust when this Deed of Trust., duly executed and ackaow <br />iedgeri, is made lei public reeexd as pro idmi by law. <br />N WITNESS WHEREO , Trustm has t,%--Wed tht,- Devil of T'/nsf ipT4,the day' .ual year fiisr alwiet, wi Mein <br />-- �. <br />p� r-- <br />a... aw�..rtarr; -,;ire i q,�U TranSDCt'Ldtlrn, '-re. Av „hPr' ltihe_r?. _ <br />fi 'Q <br />Cu t. ox f a1Y :f TNGL7 ry 7`513 ie 2V .)s' :oak <br />zi.Sr� , 3is: , r . "K'r �� fF!g$}'Yij '� J n4 Tb., - -•' , r <br />��.i ^�� �1C fi'L4�3ti �t ���' -� Tr,. � '.t e• P.* , a 'z7ta, <br />