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002089
<br />and. wlthouf demand. Shan t,P ,,,.medtateiy due and Payable by Trustor and shall
<br />h@al fnt@f gt of it, malumu" of ifwawe legal rate prnv!ded. however. that at the
<br />option of Beneficiary- or Trustee rich sums -,V he added to Ifle principal balance
<br />Of any lndeptAdnrss srcurdd nereby and shall new !ne same Interest as such
<br />indebtedness and shat! De pavabte rataDiy over the rfrn•a,ning term thereof
<br />10 Assignment of Rents. B@!^ehc,ary Shan nave tre tght. power and authority
<br />during the continuance /o! this Trust Deed to collect the rents, issues and profits of
<br />the Property and of any Personal ProPefty located thereon with or without taking
<br />P0SSAAS!On of the properly affected hereby. and Trustof hereby absolutely and
<br />unceinditionaity assigns a!! such rents, Issues and profits to Beneficiary.
<br />Beneficiary. however hereby consents to the Trustor's collection and retention of
<br />such rents, issues and prc.€its as they accrue and become payable so long as
<br />Trustor is not, at such times " default with respect 10 Payment of any
<br />indebtedness secured hereby ,r In the! performance of any agreement hereunder
<br />Upon any such default, Ben@ficiary may at any time, either in person, by agent, or by
<br />a f *ccivef to D@ appointed Off a court. without notico and without regard to the
<br />adeouacy of any security for the indebtedness hereby secured. (a) enter upon and
<br />take Prppptty of any part thereof and m its own name sue for or
<br />otherwise coli'aCt such rents. issues and profits. including Ihose past due and
<br />unPard and aPP;l the same less costs and expenses of operation and collection,
<br />including raasoriat:ie at!Ofney fees. upon any indebtedness secured hereby, and in
<br />such order As Beneficiary n'av determine; :,of perform such acts of repair or
<br />protection as may tut necessar -; or proper to conserve Ina value of the Property. (cl
<br />tMa" the same Ur any pert thereof ter such rental term. a:rd upon such conditions
<br />as Its iudgement may d<rfalf, InieSS Trustor and Beneficiary agree otherwise in
<br />writing, any app'i,ca!,nn Of "'"' Issues ilr profits t0 any Indebtedness secured
<br />nWffby shall not extend of pos!pcne tfre due date of In(. . installment payments as
<br />ofovided in said proam,Sscny note cf change the artx,unt of such inet.q!!.. -g-ts „e
<br />'-.• ;-�� ••�`�� - "'" ••`.-- - - --, ,,I !ne ur,,T. @r!v the collection of such rants.
<br />t33ue2 and Profits, and the applic &tiOn thereof ;r, afc5rasaid. shall not waive or ewe
<br />any tfefautt or notice of Belau!! rry @linos• _ a l Ada ?? any act donne pursuant fD
<br />such notice T!Ua1ol also assigns !n B acv al; further security for the
<br />Performance of the obi: gahons secured "-ehv d,f Pfena,d rants and ail monies
<br />which may have Dien Or may hereafter be ;lep..750f,0 with 5a,:1 Trustor by any If.`ssee
<br />of the Property. to SeCUr@ ire paVmer't of dry rent
<br />and upon delauit rn ins
<br />performance of any of the ;rev,stons n,,, ',uS!o, agrees !n deliver such cants
<br />and deposits to the Beneficiary Dehvery %ol,ce. of the Beneficiary's
<br />exarcise of the rights granted herein ;0 a,lv 'soar = f�,,n9 said prenf,sas 5ha!i
<br />DO sufficient t0 rpgU,re said !snan! ft..,
<br />notice pa -r Sa!;) 'r ., HPnefl(_,ary ;)nhl further
<br />11. Leased Prelates*. within to days &flat demand Trustor shall lurnish to Trustee
<br />a schedule certified to o& flue. Selling form Si! leases of apace in the Trust
<br />Property than in Affect :n each -ase. the Ham@ fit the tenants and
<br />occupants.. a descnp ±tot? or Ina spate occupied DV such tenant and occupant, the
<br />rental payable for such SP" and Such Other information and documents with
<br />feflpecf f0 Such 108205 ar?d tenancies as the Trustee may reCuest
<br />withOUt the prior written consent of Trustee Trustor Shoji not. directly or
<br />fndi.ectty, w,4n respect tit any ;ease of spare in the `ell; r!te9 pr n ,ses whams?
<br />nuch'De" is now of hat0att0+ •n existence, :4) accept Crr Permit any prepayment
<br />d@sc%"? Or Advance r@nt PaY &Die Tnetaundw lbf &nr :ei of terminate the same or
<br />aLctspt any cancedladi.T ;). to +m ;naflon or surrender thereof. car , mt, any event to
<br />occur wiS!ch "''Ou &otitis the tea"@ Ihefeu floor to terminate cr r :ancel the same -.;cf
<br />tfhend or modify °nor same s0 a$ to !ad"It the term thereof the rental payable
<br />theraundef. of to change any rDnawa! °eurislOns tnete,n contained; (d) waive any
<br />dOtW fner0u' =iipr o' b) Tact' !'- terdpl {e) give any consent, waiver or approval
<br />tttefftntwr pr idles any Otnes action rr connfachor, therewlth, of with a infi80e
<br />tDIVOIL cit wh :cn w. >uid f'ave nit effec, t mpa,r,ng the .* :ue of lessor -s internal
<br />thateuntier ^ ih6 c,Gwty suo ecf thefoM r ;d ,mpa,,,ng the P03!hOn Or interest
<br />of the ","trio nr CI, CI, 1 Se,, assign ;'Doge ^or!gAge .;r otherwise Of. ' 0n% ;.mta�. �tA rr,!ereAS ',+t a',y 9ui:n ,6486 pr any rents. Issues or profits
<br />IMCaeng cif stfs >ng !rwreurtder
<br />12. den. >" t :1 SL ae,y irate pt ItSe Pop
<br />Dfocaedfnjjs Ay rt n1 Pefly shall tie taken in condemnation
<br />g of & =Her'! ds }main, ;,.r SO1,081 action, 'If shall be sold under
<br />f sal of condemnation- ak awards. daMsgts and proceetlS are hereby assigned
<br />and shell for PAW fc r,afrc<ary *no shall apply such awards . damages and
<br />teft`Xfled'A to the Auras secu'Ov, bv'he Tr; st Dono, with the excess, if any. patd to the
<br />f;0tor , eUadt)r w,s: p'o'nGf,r. ar,y+ w, ,, .1,,e ,t ;ttg@n Crf repair, altar and f &$torn inn
<br />F*M*infng part cf the Trust Prc,P@ttv'n ,t5 lnfinet Condition substantially ifs the
<br />extant The?'" same re,ay Ds fdd2•D +e acid sc, AR COnst4ul@ a complain and usabia
<br />unit
<br />t3 FOt;pe Uczf r�3u@st cif TruSlor Benehclary at Beneficiary s option,
<br />prior t0 recon'"A"nte c *! the FTC-P.arty tc' Then !ustOr, may make future aitval,ces to
<br />tne Trustof Such 4utore advances. wffh ;nt &rest 1RAreOn. Shall be socufad by this
<br />Trust Deed when avidenced by rU� =SSarr noise stating that said nOteS are
<br />IMCUr@d hereby. provides: Tr'at a1 r,. „n•,® shit the Aec„fed pr,ne pal, future
<br />advances, not int.iud,ng sums advanced 10 PtotOCt 1110 s@cunty, e■r"Gdl one
<br />hundred percent; tOfi °ro or the cr,g,r,Ai P „nc. ;Pa, ®mounts secur
<br />ed n er@Dy
<br />14' Cumutattan. 0.11 rpM00105 Provided in th S Trust DOW are distinct and
<br />Cumulative to any other right or remedy under this T!USt (%sett c! afforded Dy i8w or
<br />putty, &rid may tin Axdrei cant: unnnhy, lndeperidenlly or Succes$lvsly
<br />15• ten€: WO: Sale. Upon default by Trustor In the payment of any
<br />irKfttodooss snaufnd hereby of in The Performance of any agreement herst,nder,
<br />Beneficiary may d0cfare all sums secured hereby Immediately due and payable by
<br />delivafy to Trust ,3f written dill0aralton of default. The Trust*@ Shall have the
<br />Water Of s&le Of the Property and if Beneficiary desirea the Property to be Sold, it
<br />Shalt it with Trulteo this Trust Dead and all PraM133oly notes And QOCUmenta
<br />ovldsncing AxppndituraS soc.ur*d hereby. and shall dollver to Trust*&, a written
<br />nodes Of default and election to cruse trip Property to ne sold, and the Trustee In
<br />turn Shall prepare n Slfnllar Notice ir, th@ fofm required by law. whfc.h Shall be duly
<br />head tot fecord by TruSteo
<br />W After the lapse of such time as !nay be raquifed by law fgl;owing the !,II
<br />allon Of laid notic@ Of default, and nOtic* Of default snd notice Of sale having
<br />given as rDquerpd by law. Tr,u Sfee, without demand on Tnistor. Shall Sell
<br />the PrOOD"y or-. Ins' Mate and of the nme And PIOLO designated in Said notice cf
<br />sails, at public Aur.tion to trio highest bidaler. In* pun�hese price Parable Ill
<br />iawfur money of the United :hates a1 the time of SAID The pePric conducting
<br />Phi ease may ibt Any cause h0 clients svp *tfient, po Stpone the $a is from time
<br />to time until it shelf be completed and, in every such case notice M postpone
<br />"lit shall be given by public'ieclaratlort fherectf by Rur_h portion at the time
<br />and placA lASt appa)intad to! "A sale, Provid0d, If the 9010 IS pontponed for
<br />tengftr Fnan (1f day heyond th* dey designated in the noticir of Role, node*
<br />dfYDre'ap snan given In the Aame mar,n Ar as thA ongfnai notI Act Safe
<br />TruslAe Shell A."';ute aid ael1ror fr, file Purc.ha%a, hie CDted convoying the
<br />Pr °rC,Arty a d. ,rut antr.crul ar.y "olonar,l Or warranty. Axp,e9A. ryr Implied. The
<br />p;lfAfs +r. ! ao :10011 of arty r Att@rs nr 18,11 Shall tie 1;on0,ugjvo Proof of tore
<br />t I.ltrifu €rI@s9 thonsof Any „pig , lri,.l „tl rig BpnAhe ;lorry. may purchase of top
<br />s *4
<br />bi vii”, Te Str,RA Selig P Irviiae,t ti,, the p,iw0f9 horefr,, Ilse l'oltA@ Ahail aolfly the
<br />P frN..ap' }A Iri he ";o @ f,; payl,en€ 1'%19 14 ) Avoq,i�.q l:1 A.0,:,sln` €f,,
<br />Gfrwer of Role @nd €)f the sate, i1V:I,f1lin0 it* PAYh! "fIf ,If It," f fusPAA s f'An9
<br />flv naafi, tnCdrrw'i, n °r€ erY err: l t, of the saip t)•f =:ren 0• „f I
<br />I” i10m% frt au €kit &a& a vn I, i In I r,r
<br />gf d the der there RlatAfl
<br />6 MW ,pay r d'Pwil'10 -,y 1pW,,f,WI s ii :di ti. Bled Ai. fi It . :.a: «•
<br />gf� f... °r„rp+ ru+' art 54ra+vr �„seq If f,ar
<br />.,, - 4: rrn e,,.! l
<br />r d;r,i air fAe•..r9 A If@ f f ^s 1`,rq_,art
<br />'v f4v@ i &y d` f r,r H Aori9 ' 9a Ix 91,aii fsN de„ a }ere qr 511x€ Art
<br />16 DutNa and Obtt a pation of Trusts c
<br />s, (a) The duties and obligations of True
<br />Shall be determined solely by the express provisions of the Trust Deed and Trustee
<br />shall not be liable except for the performance of such duties and obligations as are
<br />specifically set forth herein, and no implied covenants or obligations shall be
<br />imposed upon T rustee; (b) No provision of this Trust Deed shall require Truste, to
<br />expend or risk his own funds, or otherwise incur any financial obligation In the
<br />Performance of any of its duti@r hereunder, or in the exercise of any of its right or
<br />Powers, if it shall have grounds tot believing that the repayment of such funds of
<br />adequate Indemnity against such risk or liability is not reasonably assured to it; (C)
<br />Trustee may consult with counsel of his own choosing and the achlce of such
<br />counsel shall be full and complete authorization and protection In the respect of
<br />any action taken or suffered by It hereunder in good faith and reliance thereon; (d)
<br />Trustee shall not be liable for any action taken by him in good faith and
<br />believed by him to be authorized or within the discretion or rights of powers
<br />conferred upon if by this Trust Deed,
<br />17. Addfflonat Security Inetrunfenta. Trustor, 81 118 expense, will execute and deliver
<br />to the Trusted, promptly upon demand, such security Instruments as may be
<br />required by Trustee, in form and substance satisfactory to Trustee, covering arftr of
<br />the Property conveyed by this Trust Deed, which security lostrumenH aMq be
<br />additional security for Trustor's faithful P*dOfm&nCe of Ali of the terms, covenarne
<br />and conditions of this Trust Deed, the PrOmissrny not** secured hereby, and my
<br />other Security instruments executed in connection with this trarmUtfon. SuCh
<br />instruments shall be recorded or filed, and fe•r*cordW and refll♦d, at Tru*W6
<br />expense
<br />18. AsNf ensneotfa.
<br />(a) in the event any one or more of the provisions cOntained Mt this Trtet Dead of
<br />the promissory note or any other Security Instrument gtvan In Comfaotlmt w#eh
<br />this transaction shall for any mason be held to ile IR+rated, M"W of
<br />unenforceable in any respect, such invalidity, Illegality, or unentoonabiliffy
<br />shall, at the option of Beneficiary, not affect any other provision of this Truel
<br />Deed, but This Trust Dead shall be construed es If Such Invalid, Illegal, or
<br />unenforceable Provision had never been contained hersift or trereln.
<br />(b) This Trust Dead Shall be construed according to the laws of the State of
<br />Nebraska
<br />fc) This Trust Deed shall inure to and bind the heirs, Wgatsae, devtesse,
<br />administrators, executors, successors and assigns of the WWO hereto.
<br />(d) Truster shall pay all taxes levied upon this Trust Deed or the dew secured
<br />hereby, together with any other fallen or &*sessmenta which may be levied
<br />against the Trustee or Beneficiary or the legal holder of said promissory note
<br />on account of the Indebtedness evidenced thereby.
<br />(bl Whenever used herein, the singular number shall include the plural, the
<br />Singular, the use of any gender shall be applicable to all genders, and the term
<br />Beneficiary'' shall include any pays@ of the indebtedness hereby secured or
<br />any transfer thereof, whether by Operation Of low or otherwise.
<br />1g Successor Trustee. Beneficiary may from time to time substitute a successor or
<br />successors to any Trust” named herein or acting hereunder to execute this Trust
<br />Deed. Upon such appointment and without conveyance to the successor Trustee,
<br />the tatter Shalt be vested with all title, powers, and duties conferred upon any
<br />Trustee Herein named or acting hereunder. Each such appointment and
<br />substitution shall be made by written instrument by Beneficiary, contflfnfflg
<br />reference to this Trust Dead and nor DISCO of record, which when recorded to the
<br />office of the Register of Deeds of the county or counties In which sold property is
<br />situated shall be conclusive proof of proper appointment of the SUCCeseor Trustee.
<br />The foregoing Power of substitution and the procedure therefore shatl not be
<br />exclusive Of the power and procedure provided for by law for the substitution of a
<br />Trustee or Trustees in the place Of the Trustee.
<br />20 Forbeersnee by BMWIClery or Trustee Not • Walwr. Any forebatarlce by
<br />Benefietary or Trustee In exercising any right or rOmWy rW@undW or otherwlae
<br />afforded by applicable law, shall not be a waiver of or preclude the OXWCles of any
<br />right of remedy hereunder Likewise, the waiver by Beneficiary or Trust** of any
<br />default of Trustor under this Trust Deed shall not be deemed to be a waiver of any
<br />')Thor or similar deflluds subsequently occurring.
<br />21 Toaster "Of Released. Extension of the time for Payment or modification or
<br />amortization of me sums secured by this Trust Deed granted by Beneficiary to any
<br />successor in interest of Trustor Shall not operate to Millions, In any manner, the
<br />liability of the original Tr,rstor or Trustor 's successor in Internet Beneficiary shall
<br />not be required 10 commence proceedings against such Successor or refuse to
<br />extend time for payment or Otherwlss modify amortization of the SUMS Secured by
<br />this Trust Deed by reason Of any demand made by the original Trustor and Trustor's
<br />succossofs'n interest
<br />22 Default If thefe Shall De a default under this Dad of Trust of under any prior
<br />f Iurtgage, the Beneficiary may curd such dil li, slid the amounts advanced by,
<br />And other casts and expenses Of the beneficiary in curing such default, with
<br />tnt@rast At Ina default rate contained in the Note secured hereby from the time of
<br />the ddv&nrns of payrrnents snan be added to the Indebtedness secured by this Trust
<br />Dead and may be CullOctW hereunder at any time after the time 01 SUCH advances
<br />of payments and shall be deemed to be Secured hereby.
<br />23 Option to Forecclae. Upon Ins occurance of any default hereunder, Beneficiary
<br />shS" nay@ the OPhun TO foreclose this Trust Deed In the Mannar provided by law for
<br />nee foreclosure of mortgages on fool property.
<br />24 ThasiWo RIStffe, Atls*ht O*IAUll. Until any default In the payment of
<br />ndebtedn@ss "Araby SeGufed Of until the broach of any covenant herein contained,
<br />'rie T /i /2T07, its successors and assigfla. shall possess slid @nfoy the properly, and
<br />!Ar :vivo tor@ rents and profits th@'OffGm. Upon payment of ail Sums secured by this
<br />Trust Dead. Benehr ;lary shat= rpqueat Trustee to reconrey the Properly And shall
<br />Suner +sir !HIS Trust Deed a ct all n;,fos evidencing Indebledn@sS Securad by this
<br />Trus9 [SeAd !u Trustee T•u +too anal, reconv@y Ins property without warranlY and
<br />wllhOul t. harga t:, ore I lulluns Ingatuy nnhtied Ih@foto. The Gfenten in any
<br />Ar;onv@ya!tce .nay he d@s "boa as the d:prsoh W Poisons Ontlited ther@to," and
<br />tho recitals ?het.", ren a..y tilto'N ,;r €$its shall to, conclusive proof of the
<br />truth !ulness fns A .w 11 r p s„r, IP I pts,_,ns shelf p &y all costs of recording, if Any
<br />25 ACcateratfen In the went of Tranafef. In IIla event the title Ir.+ said real astate is
<br />frens!AfrAd.. ,„ :, :,anlferled to ho I•a -r; er, A�j, Iron 'the and &rslgnec9 for ®fly reastrn Or
<br />DY
<br />any nothz rf what4oxavAr the n.,li A p incrpai sum and Aar,fu@d tnnii Shall at
<br />,nsA D@cnmp dt!A And payahtn a1 the 01001011,1' it'@ Honoli0o ry Failure to exercise
<br />lots aptlor bdcause „r O ,sfe, )f It A AS Anpvp stated fn tone Instance final, not
<br />1 ;OhliNfulA a wal"Of M n,p ,grit Iq Oil., Rp file 40'Tie in the pvnnt of any subsequent
<br />franafar
<br />Thla e1**tt Of trust !R !uni,fr le, ,,na net'll
<br />ofiftufflid by t'val,ir rr,
<br />Trustee,
<br />t.rrtil ®ren Ari.1 !;,Mf f„ ,p, "I'! w'!e'. If -, Ifngrm!a, ..f f)eW, lP &,,,1 tip <,!1rl&f1 afi I 0li Clw&
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