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y or insolvency of the Borrower or the value of the Property, shall be entitled to take possession of, repair, t and manage t� / O�
<br />rents, revenues and income therefrom and it may pay out of said income all expenses of reppair and costs incurred in renting and to coLti ct the
<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 presentingg a cagy of this Trust Deed and demand to any lessee, tenant or contract purchaser of the
<br />Property, g e the Property
<br />rents, payments and profita accrued or thereafter accruing to the Lender until further notice from the Lender.
<br />such person shall pay all
<br />13, if all or any part of the Property or any interest therein is deeded, sold b,v land contract or otherwise conveyed, alienated or further encum-
<br />bered either vdqf� the or involuntarily without Lender's prior written consent, or if the Trustor is a corporation and there is a change in ownershi of
<br />er sttpre $ ,the corporation's stock or if the Trustor is a partnership and there is a change in the m corporation
<br />hi or a cxdudithg (a) i transfer by operation of law upon the death of a 'Dint tenant or b the P dissolution of the
<br />chase with a lease term of two years or less, or (c) chc creation of the purchase move security p�er�uP.
<br />() grant of any lusehold interest not containing an option to put-
<br />or declare ail suns secured by this Trust Deed to be immediately due and Y ty interest in household appliances, then Lender may, at its
<br />ship, control e 8 dissolution ms se or transfer of all or any part i the Pro Payable, In the event the Lender consents to any such change in owner. rate of
<br />interest that is charged on new secured loans of the type secured Property, Trust Deed at the time option
<br />f the dchhange innownership, control, dissolution or
<br />transfer and may charge 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 stuns
<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 and/or any other remedies permitted b applicable
<br />in the manner provided by law for the foreclosure of mortgages on real estate. Lender shall entitled o ctoll collect autrea reasonable costs and this e��t ncu -
<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 coup
<br />provide notice thereof in the manner prescribed by applicable law. After the lapse of such t me in which the as may be required by applicable )aW 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 suchh order as Trustee may determine. Trustee may postpone sale of all or an
<br />time and place of any previously scheduled sale. Lender or Lender's designee may purchase the Y parcel of the Property by public announcement at the
<br />Upon receipt of property at any sale.
<br />The recitals in the Trustee'snDeed of the oe maf acieuevidence�odeliver ruth of the autementsrmade tthrein.Truo tee shall pply the proceeds of'pthe sale ;n_
<br />the following order: a) to all reasonable costs and ex warranty, conveyhpianng the Property sold.
<br />No /100 ($500,00) plus 1/2 of 1% of the amount secup expenses
<br />hereby d remaingu but and costs of tide seviden e; b) totall sums seed by thu ale , and
<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 tight or remedy hereunder, or otherwise afforded by applicable law, shall not be a waiver
<br />of or preclude the exercise of any such right or remedy in the evert 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 Dad or afforded by law or
<br />equity, and may be exercised concurrently, indepenoently or successively. If Borrower has given 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
<br />option to first foreclose t on said personal property without prejudice ur its right to thereafter sell or foreclose the Propem or to pursue all security at the
<br />same time or to pursue the personal property after the sale or foreclosure of a Property, �t and
<br />17. Upon payment of all sums secured by this Trust Deed, Lender shall request Trustee to reconvey the Pro shall
<br />Deed and all notes evidencing indebtedness secured by this Trust Deed to Trustee. Trustee shall reconvey the Pro a lutith and without wts err anty to the person or
<br />surrender this Trust
<br />try
<br />p
<br />persons legally entitled thereto. Such person or persons shall
<br />28. Lender, at Lender's option, may from time to ti pay all costs of recordation, if any,
<br />me remove Trustee and appoint a successor trustee to any Trustee a
<br />instrument recorded in the County in which this Trust Deed is recorded. Without conveyance of the Pro
<br />tide, power and duties conferred upon the Trustee herein and b a applicable law, Ppointed hereunder by an
<br />Y PP • perry, the successor trustee shall succeed to all
<br />19. Except for any notices, demands, requests or other communications required under applicable law to be given in another manner, 9vbenever
<br />Lender, Borrower or Trustee gives or serves any notice (including, without limitation, notice of default and notice of sale), demands, requests or other
<br />communication with respect to this Trust Deed, each such notice, demand, request or outer commur»cation shall be in writing and
<br />if the same is delivered by personal service or mailed by certified mail, g shall be effective only
<br />the beginning of this Trust Dad. A co postage prepaid, return receipt requested. addressed to the address as set forth at
<br />Person who is a PY of any notice of default, any notice of sale, required or qq
<br />party hereto at the address set forth at the begt'tutong of this Trust Deed, An permitted co be given hereunder, shall be mailed to each
<br />delivering or mailing to the other parties hereto, as afor esaid, a notice of such change, Any notice hereunder shall be deemed co have been given to Bor-
<br />rower or Lender, when given in the manna designated herein.
<br />20• The covenants and agreements herein contained shalt bind, and the rights hereunder shall inure to the respective heirs, representatives, suc-
<br />cessors and assigns of the parties. All covenants and agreements of the Borrower shall be,'
<br />hereunder, it shall include the pleural and the plural shall include the singular, :i t and Feral• Whenever reference is made to the singular
<br />IN WITNESS WHEREOF. Borrower has executed this Trust Deed.
<br />a
<br />_ I.
<br />XrD. ttth Bono
<br />Ta:Taxpayer I.D— . No. or S—oci— al Security No. - - --
<br />P i,9 E E. Ruth Borrower —
<br />ACKNOWLEDGEMENT$
<br />STATE OF NEBRASKA The foregoing instrument was acknowledged before me this _ LZttl_-
<br />County of Lancaster
<br />SENINAL NOTA -
<br />Nl1CHA — — -' 19-- -' by Larry D�Ruth and
<br />1L�bd and wi f 0 . _
<br />m `tt_;. �Y COMM. frvw:jug 5._=985 °---
<br />STATE o f of The foregoing instrument was acknowledged before me this Notary public
<br />County
<br />----day of
<br />by
<br />STATE OF NEBRASKA The foregoing instrument was acknowledged before me this Notary public
<br />County of Lancaster day of
<br />E9_ —__ by
<br />o
<br />a corporation, on behalf of said corporation.
<br />STATE OF NEBRASKA The forcgoi;rtg instrurrnent was acknowledged - before me N® Public of Lanncastet day of
<br />by
<br />a partner, on behalf of
<br />...... _.._ __.— ..._.. __.._ ®.._a_... _ __..,._____.. ..e.___ • a partnership,
<br />STATE OF
<br />y Pubhc
<br />County of ,•- Notar a
<br />Entered on numerical index and tiled for record in the Register of Deeds Office of so"d
<br />county the day of
<br />at_ _
<br />o 'clock And _
<br />&)()k ruututcs AI•�
<br />Brad recorded in &)()k _ �_
<br />..___. at page
<br />RegiS te 1. IL of Clecds
<br />�y
<br />iFi�t ilf;`
<br />
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