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001845
<br />10. AC('ELE RATION UPON 1)EFA1'I :I', ADDITIONAL Itl•:iN1;hiE:S
<br />should, evenulf default issue Reneficiury
<br />may declare all indebtnes s secured hen•by to he due and
<br />payable and the same shall thereupon defame due cold payable
<br />without any presentment, demand, protest or notice of any kind. Thereafter Bene•fician• nu1v:
<br />(i) Either in person or by agent, with or without bringing any
<br />action or proceeding, or by a receiver appointed by a court
<br />and without regard to the adequacy of its security,
<br />enter upon and take possession of the Trust Estate, or any part thereof, in
<br />its own name or in the name of Trustee, and do any acts which it deems necessary or desirable
<br />to preserve the value, market-
<br />ability or rentability of the Trust Estate, or part thereof or interest therein, increase
<br />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, issues and
<br />profits thereof, including those due
<br />past kind unpaid, and apply the same, less costs arid expenses ufoperation and collection
<br />including attorneys' fees, upon any indebtedness
<br />secured hereby, all in such order as Beneficiary may determine. The
<br />entering upon and taking possession of the'Irust Estate, the collection of such rents, issues
<br />and profits and the application
<br />thereof as aforesaid, shall not cure or waive any default or notice of default. hereunder or invalidate
<br />any act done in response
<br />to such default or pursuant to such notice of default end, notwithstanding the continuance in
<br />Possession of the Trust Estate
<br />or the collection, receipt and application of rents, issues or profits, Trustee or Beneficiary shall he entitled to exercise even
<br />right provided for in any of the Loan Instruments
<br />or by law upon occurrence of an
<br />v event of default, including the right
<br />exercise the power of sale; t1
<br />iii) Commence an action to foreclose this Deed of Tust as a mortgage, appoint a receiver. or.specific•ally enforce any
<br />the covenants hereof;
<br />of
<br />(iii) Deliver to Trustee a written declaration ofdefault and demand for sale,
<br />and it written notice of default and election
<br />to cause Tustor's interest in the Trust Estate to lie sold, which notice Trustee shall cause to be duly filed for
<br />e record in the
<br />appropriate Official Records of the C.yunty in which the Trust Estate is located.
<br />11. FORECLOSURE. BY POWER OF SALE. Should Beneficiary elect to foreclose by exercise of ill(- Power of Sale
<br />herein comItained. Beneficiary shall notify Trustee
<br />and shall deposit with Trustee this i)eed of Trust and the vote and such
<br />receipts and eidence of exlmnditures made and secured hereby its Trustee may require.
<br />ta! l'p(x, receipt ,f such notice from Beneficiary. Tustee shall cause to be recorded, publishes( and delivered to Tustor
<br />such Notice of l)efault and Notic(• title
<br />of ;ts then n•quired by taw and by this Deed of Trust_ 'Iruste(• shall, without deuland
<br />on Trustor. after such time as may then Ile regtaref by law and afterreor(lation
<br />,]'such N,ticeof llefaultand after Notic•eof
<br />Sale having been green as rt.•quired by law. sell the'Irust F.statent the time and place (it 'sale fixed by 'Sale.
<br />it in such Nuticeuf Sale.
<br />either as a whole or m separate lot. ,r parcels or iterns as Truster shall deem exlxdient. and in o
<br />such order as may
<br />mine, at public aucti,n to the highest bidder for sash in lawful nlonsw tit till, l `nrted States payable At the order itf sale. Trustee
<br />shall deliver to such purchaser or purchase•, thereof its
<br />Payabl'in t
<br />good and sutti lent Jly•11,t deeds the property le surd, but
<br />without anv covenant or warrant%, express ,r implied. The recitals in such
<br />(i1.-d „t anv matter. or I,( is shall be conclusive
<br />, of'ofthe truthfulness thereof An} person. Including, without liiiiit;itioll,,I'rustoi-,'I'rust(r •iintI Beneficiary,
<br />niavpul-,base
<br />At such sal, and Trastir hereby; favc. ^.ants t:. ]:•arrant and deh•r.sl the utL• Id such •larrd:,ser or -
<br />thi As may he by law,
<br />permitted after (led acting all costs. fees an(d exloenses of Truster and ofthis T usttinc•ludingcosts
<br />of evidence of tide in tan n(•c•aon with sale, Trustee sha I! a the
<br />pph' proceeds of sale• to payment of ( i) all su ms ex pended u n der
<br />the terms hereof not then repaid, l Uh assured inten•st at '.)
<br />1' _ percent IzJ Ill ;un,urn. liir all other Burns then secured
<br />hereby, and Ili,o the n•mamder, if any. to the person ,r porn n.s Icgnlly ,'nfaltKi thereto.
<br />tcl Trustee may in the manner provided by law p,stlwne .ale ,I all ,r ;in,% pott-11 ,f tilt, Trust Estate.
<br />12. HEMEUIES NOT EXCLUSiVE. Trustee ;,till Brnelictarv'. and each lit them. shalt heentfticd to enfiorce payment
<br />and performance of any indebtcdnc ss or obligations secured h(•mho,
<br />;sod to exercise all nghts and powers under this Deed of
<br />Trust or under any Loan instrument or other agreemmtit ,rang Jaws
<br />oily ,r hereafter to fort•(•, notwithstanding some or all
<br />of the such indebtedness and obligations secured hereby may n,w,r hereafter
<br />be othenvtse secured. whether by mortgage.
<br />ded of trust, pledge, lien, assignment or ntherw•tse. Neither the "Trust
<br />acceptance,(lfas Ued of nor ice enfor< ernentwhether
<br />by court action or pursuant to the lsrwer,f sale s (•tiler lnr\vcrs hen•in
<br />contaaled, shall prealdi(e nr in ;uac manner affect
<br />T ruste' s or Beneficiary's right to realize upon ,renfirrce anv othersecuniv
<br />it,w or hereafter held b% I'rust,c,r Benefici : u•v
<br />it being agreed that Truster and Beneficiary, and each of thrill, shall he (•retitled "]'rust
<br />to enforce this heed of and any other
<br />so-urity now or hereafter held by Benefic•iar IIr Trustee in such order and
<br />noanner as they ,r either ill fit vin play in their
<br />absolute discretion determine No rem,riy ht-rein miterrf-d ul>,m or
<br />rrseived too i'ruste (or Beneficiary is intended to be
<br />exclusive of cult' other remedy hen-in or by la,v provided or but
<br />mrinitted. each shall he curnulAt"'e• and .hall he in addition
<br />to every other remedy given hereunder or now' or la -re :deer existng at law '
<br />by
<br />g1% ,it or In vgtni (,r f) o, statute. Every puw'er onesned\
<br />any of the Loan (mtrumentti to Trustee or Beneficiary or to which either. ,t'them be,therwiseentitled.
<br />lady Inay be
<br />rxvrrased, concurrently ,r independentN'. roan that• t, tau• ; I)d ;is ,Dien
<br />to, na:r\ he (teemed expedient by Tnist•,• ,r Rene-
<br />ficiary :old either of then, may pursue mconatstent remedies Noshing herein shall he
<br />nmstrued as prnhlhltmg Benoit( duty
<br />from seeking it deficiency judgment against the Trunt,r to rb( exr,nt such
<br />action I., perouttd Icy itny
<br />REQUEST FOR NOTICE:. Truster hereb } reluosts
<br />it copy ,(ally n,tre,f default and that arty n,tccufsale hereunder
<br />he smiled to It ill the address c,•t R,rth In the first paragraph ,f Ihls heed ,f ]'rust
<br />i 1. GOVERNiNG LAW ']'his l)ersf ofTrust.sh;all lx•gnve•nud hytllelaw's,(titetitaleuf
<br />ill('
<br />Xebraska. in theeycntthdt
<br />u:y pn,yision rlr clause of tan} ,I the 1,,an Instruments conflicts with "abL' hays, such r•,nllbr s.ka. I nor
<br />provisions of such (erua instruments
<br />uvo,ex : tthat
<br />wf11( 11 ('a) fit• gi \•eel eff(41 without the r,nllirting pr,visi,n.:u)d I, thfo- tend the pro
<br />\ositlns ,1 the• lean Instruments are declared to he seeernhle. This instrument cannot he
<br />waived, rhaung , . rfisrhnrl•:,1 ,.r
<br />terminated ,rally. but ,nil by tut Instrument In writing sighed by the pttrt_y ngtunst wham en thrcl
<br />change discharge
<br />or termin t u l Is sought. nu tit (Ilan% w:uyer%
<br />1', RECONVEYANCP, Bf "fltl'S'PF :1: t;pon written rotlue:st rut Benetician staling that all s;unsslr'I hcrelly has,
<br />fill it paid, and ulwn 'Unt•oder ,f thus heed of Tl'ust the N,te.
<br />and t,'1'rustee fir , :en, .- i1leh,n :,red rotenn,n .Ind opine ll;n
<br />mentbyTrustornfTrustee 'sfees.Trusu., li, oilers ,rive }t "T'rust,r. orlh,•p,•rs,n
<br />n- lows,tjsivg :llk 11111;ellh,•rei,.lclh,ut
<br />warranty. any luirtion of the Trust E:stat• then h:ld hereunder. 'I'h,•
<br />n•elt:ifs ui sorb resin rt %:uu't• 1, nap Induces 'r facts
<br />shail be conclusive Ion.-1 the t•uthlillness Ihere, I T'hr
<br />lfr;,,Irr In ace,'. re(,Ir \ ,
<br />lxersons fegally entitled thereto' i e\.Incc tic,} f,: >I rl�I•,!.:. "rh, to ls,n,r
<br />Ili. NI)Trt'ES. Whenev er Ben,ticli o \. frutioror 1'rustce,:1all d(aIn•I, iavo,r scree
<br />,t her
<br />communica u,ri with rtes Peel t(' .utY n,W', -. lientdrnl, rev uesl ,I.
<br />l this heed of nIS[, each such nohb mind,
<br />rcgucst „r,.lh,l ,,,rnlnuni,nu,t shall h,.
<br />itw-nting :uad shalt}x•rlfecu \,'loll] irne: „ssIssedt,•t1o1n\K,•hrattheluhy.t-
<br />eel h\ I„
<br />\•Iirthe
<br />, rtltinny fI ,:•Iu.Ilhilnn1r;slta rturn
<br />rr•itrequ,steel, addrssedtoItfIefua•dB da k•n,onnnll nBi,er
<br />,„sr lIn :ule,l .i:,i ;±,•tfhn'l, , nl.lun1lr 1.
<br />change• Its addre,. to such n,uctw h\ dclrcering,r
<br />miming t, the „th,v p;lrtc s (n•r•.•t,, -o' w ,ll,ns: :ill ,I rn u,r,t •, h rh:un,
<br />17 :%C('E('T'AN('E: BY 'I'it('F 1'}!f': 'llaisty "I'nlsl
<br />accepts this when Ili,, I civil .d Ilusl .1,1: • v•I un•11 ;Intl nliln, :,r
<br />Hlg,rl. is mode a pubhe Its'ord ns pt „'Id,•d fly Ica.
<br />iN WiTNI.ss WIfF"Itl•,tah "I'ntst,r It,,,, Sry•ote(1 IL
<br />II :.
<br />,f..lt U"' TE, E• 'I'ru.o., ervt t L' If11r I rn, 1 , \r ttr •I
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<br />�ettµ,eq IM »idle, ,I pre hlu' n•c ,td ;es I,r,:: ule,I I,, , .. ., • �• I It
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<br />IN A'I IA tSIfKP fro II:
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