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o 45-- 001792
<br />or ins vency of the Borrower or the value of the Property, shall be entitled to take possession oC, repair, rent and manage the Property and tc collect the
<br />rents, revenues and income therefrom and it may pay out of said income all expenses of repair and costs incurred in renting and managing the Property
<br />and collecting rentals and for payment of insurance premiums with any remaining balance to be applied to the last maturing payments of the debt secured
<br />hereby. Upon presentin a copy of this Trust Deed and demand to any lessee, tenant or contract purchaser of the Property, such person shall pay all
<br />rents, payments and profits accrued or thereafter accruing to the Lender until further notice from the Lender.
<br />13. If all or any part of the Property or any interest therein is deeded, sold by land contract or otherwise conveyed, alienated or further encum-
<br />bered either voluntarily or involuntaril wir..out Lender's prior written consent, or if the Trustor is a corporation and there is a change in ownership of
<br />afro; gt ;of the fcortorarion's stock, or if the Truttor is a partnership and there is a change in the membership or a dissolution of the partnership,
<br />at u g r( ) a transfer by operation of law upon the death of a 'oi nt nt tena or (b) the grant of any leasehold interest not containing an option to pur-
<br />chase with a lease term of two years or less, or (c) the creation o}! the purchase money security interest in household appliances, then Lender may, at its
<br />option, declare all sums secured by this Trust Deed to be immediately due and payable. In the event the Lender consents to any such change in owner.
<br />ship, control or dissolution or transfer of all or any part of the Property, then Lender may at its option adjust the interest rate to the prevailing rate of
<br />interest that is charged on new secured loans of the type secured by this Trust Deed at the rime of the change in ownership, control, dissolution or
<br />transfer and may chugv a transfer fee.
<br />14. Upon Borrower's breach of any covenant or agreement of Borrower in this Trust Deed, including the covenants to pay when due any sums
<br />secured by this Trust Deed, Lender at its option may declare all of the sums secured by this Trust Deed to be immediately due and payable without
<br />further demand and may invoke the power of sale andlor any other remedies permitted by applicable law including the right to foreclose this Trust Deed
<br />in the manner provided by law for the foreclosure of mortgages on real estate. Lender shall be entitled to collect all reasonable costs and expenses incur-
<br />red in pursuing such remedies including, but not limited to, and to the extent permitted by law, reasonable attorney fees.
<br />If the power of sale is invoked, Trustee shall record a notice of default in each county in which the Property or some part thereof is located and
<br />provide notice thereof in the manner prescribed by applicable law. After the lapse of such rime as may be required by applicable law. Trustee shall give
<br />public notice of sale to the persons and in the manner prescribed by applicable law. Trustee, or the attorney for the Trustee, without demand on Bor.
<br />rower, shall sell the Property at public auction to the highest bidder at the time and place and under the terms designated in the notice of sale in one or
<br />more parcels and in such order as Trustee may determine. Trustee may postpone sale of all or any parcel of the Property by public announcement at the
<br />time and place of any previously scheduled sale. Lender or Lender's designee may purchase the property at any sale.
<br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser a Trustee's Deed, without warranty, conveying the Property sold.
<br />The recitals in the Trastee's Deed shall be prima facie evidence of the truth of the statements made therein. Trustee shall apply the proceeds of the sale in
<br />the following order: a) to all reasonable costs and expenses of the sale, including, but not limited to, Trustee's fees of not more :ban Five Hundred and
<br />No1100 ($500.00) ?lus 112 of 1% of the amount secured hereby and remaining unpaid, and costs of title evidence; b) to all sums secured by this Trust
<br />Deed; and c) the excess, if any, to the person or persons legally entitled thereto.
<br />15. Any forebearance by Lender in exercising any right or remedy hereunder, or otherwise afforded by applicable law, shall not be a waiver
<br />Lit or preclude the exercise of any such right or remedy in the event of continuing or future breaches by the Borrower.
<br />16. All remedies provided in this Trust Deed are distinct and cumulative to any other right or remedy under this Trust Deed or afforded by law or
<br />equity, and may be exercised concurrently, independently or successively. If Borrower has liven Lender a chattel mortgage, or security agreement on
<br />personal property as additional security for the debt secured hereby, in the event of default hereunder or thereunder, Lender shall have the right and
<br />option to ftrst foreclose on said personal property without prejudice to its ncht to thereafter sell or foreclose the Property or to pursue all security at the
<br />same time or to pursue the personal property after the We or foreclosure of the Property.
<br />17. Upon payment of all sums secured by this Trust Deed, Lender shall request Trustee to recom-ev the Property and shall surrender this Trust
<br />Deed and all notes evidencing indebtedness secured by this Trust Deed to Trustee. Trustee shall reconvey the Property without warranty to the person or
<br />persons legally entitled thereto. Such person or persons shall pay all costs of recordation, if any.
<br />18. Lender, at Lender's option, may from time to time remove Trustee and appoint a successor trustee to ally Trustee appointed hereunder by an
<br />instrument recorded in the County in which this Trust Deed is recorded. Without conveyance of the Property, the successor trustee shall succeed to all
<br />title, power and duties conferred upon the Trustee herein and by applicable law.
<br />19. Except for any notices, demands, requests or other communic�aticros required under applicable law to be given in another manner, whenever
<br />Lender, Borrower or Trustee gives or serves any notice (including, without limitation, nonce of default and notice of sale), demands, requests or other
<br />communication with respect to this Trust Deed, each such notice, demand, request or other communication shall be in writing and shall be effective only
<br />if the same is delivered by personal service or mailed 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 an notice of default, anv notice of sale, required or permuted to be given hereunder, shall be mailed to each
<br />person who is a parry hereto at the address set forth at the begptning of this Trus[ Deed. Any parry may at any time change ill address for such notices by
<br />delivering or —ling to cite other parties hereto, as aforesaid, a notice of such change. Any notice hereunder shall be deemed to have been given to Bor-
<br />:awer or Lender, when given in the manner designated herein.
<br />20. The covenants and agreements herein contained shall bind, and the rights hereunder shall inure o the respective heirs, representatives, suc-
<br />cessors and assigns of the parties. AD covenants and aBeements of the Borrower shall be joint and s`veral., enever reference is made to the singular
<br />hereunder, it shall include the plural and the plural chart include the singular,
<br />W WITNESS WHEREOF, Borrows has executed this Trust Deed.
<br />501 9863 _ __
<br />r
<br />Tupayer I.D. No. Or Social Sccunty No. - - -- — n
<br />t Borrower i - --
<br />ACKNOWLEDGEMENTS
<br />STATE OF NEBRASKA The foregoing instrument was acknowledged before :tie this 8th
<br />County of Lancaster day of A f" 1) –
<br />____L— . 19 85 by Richard L.
<br />wtguu.cr.er s,aractM.a =..w Tig�t en and Nan�L. TietLIen= husba -a an- wife - --
<br />MICHAEL J THRASHER .y3�i asp. / /L �. �� .i: - - -__ --
<br />My . Up. Aug. 5, 1915 – - -- –
<br />Notary Public
<br />S _�– _ - -� -- The foregoing instrument was acknowledged before me this
<br />— --------------- --
<br />County of clot of 19 , by
<br />-- -- �------- --- -' --�– Notary Public
<br />STATE OF NEBRASKA The foregoing instrument was acknowledged before me this
<br />County of Lancaster day of 19 , by
<br />of
<br />a corporation, on behalf of said corporation.
<br />'-- -- -'--- _.r— __— __--- -- -'-- -----. Notary Public
<br />STATE OF NEBRASKA The foregoing instrument was acknowledged before me this
<br />-- --- -' -- -._ County –_..___-------- -- - - ---
<br />of Lancaster day of 19 by
<br />a partner, on behalf of
<br />.__-_. a partnership.
<br />- - - - - -
<br />STATE OF Notary Public
<br />County of _ Entered on nuinencal index and filed for record in rite Register i f Dredt Olntr nl said
<br />County the day of 19 t
<br />at o'clock and -- _ memnes
<br />and recorded in Ito rk _.. ,( at pall,
<br />Regnier al (reeds - --
<br />Rr I�n•��n
<br />F•,
<br />1
<br />._. aI
<br />
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