|
I
<br />85- 000745
<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. ifpon any such default, Beneficiary may at any time without notice, either in person, by
<br />agent, or by a receiver to he 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 Beneficiary
<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 m tice 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 Beneficiarv. 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 Trustees sale. Trustee shall apply the proceeds of the sale as follows: (1) to the expense
<br />of the sale, including a reasonable Trustee's I'ee: (2i to the obligation secured by this Deed of Trust; (3) the surplus, if any, shall be distributed
<br />to the persons entitled thereto.
<br />ti. 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 Deed of Trust, which recital shall be prima facie evidence of such compliance and conclusive evidence thereof in favor
<br />of bona fide purchasers and encumhrancers for value.
<br />,. The power of sale conferred be this Deed of Trust is not an exclusive remedy; Beneficiary may cause this Deed of Trust to he foreclosed
<br />as a mortgage.
<br />S. 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 shat,' be vested with all powers of the original trustee. The trustee is nit obliged to nntifv any par!.v hereto of pending
<br />any other Deed of Trust or of any action nr proceeding in which Trustor, Tiistee or Beneficiary shall be a unless sale under
<br />proceeding is brought by the Trustee. party unless such notion or
<br />9. This Deed of Trust applies to, inures to the benefit of. and a binding not only on the p :,ere.. hereto, but on their heirs, devisees.
<br />legatees, administrators, executors, successors and assigns. The term Beneficiary shall mean [?'t- 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 \mice of Deluult or '"lice of Sale be mailed to
<br />each person who is named in this Trust Deed at the mailing address of such person as set out above
<br />NOTICE TO CONSUMER: 2. Do not sign this paper before you read it. 'l. 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 - i_1___ day ofbuzrZ!.
<br />A. D. 19
<br />STATE OF NEBRASKA ,.-
<br />v
<br />:al1, ss.-
<br />COUNTY x ;
<br />On this 13 ._..__._ day of _ L� 19-' before me. the undersigned, a Notary Public, duty
<br />commissioned and qualified for and residing in ,aid county, personally came 'i. ^n -
<br />,Z 4iJf3Il._ to me known In be Iht• identical person -hose name s affixed to the foregoing
<br />instrument as Trustor and acknowledged the .same to be ._
<br />untary act and deed. +�3= Vol-
<br />Witness my hand and Notarial Seal the day and year last above written, �t�MOTtttr- State�rapP�a�
<br />My Commission oxptrts the flay, H! EN K NIL!
<br />E
<br />y _� / Eyp.lcb31.198$
<br />- Nw ary Public
<br />sTATE OF
<br />_ - t'oivatc
<br />Is.
<br />Entered in Nunurrical Index and filed for record in the of lce of the Register of Dee(Is of staid county. the
<br />day of
<br />19 al o'clotk and
<br />Mortgages '14., ;and duly recorded in Hook
<br />Vlorigages psis; i. nt
<br />FRei,i.ater of Deeds
<br />491
<br />Deputy
<br />,
<br />r
<br />I
<br />�Fi
<br />
|