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84006368
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Last modified
4/30/2008 4:19:50 PM
Creation date
4/2/2008 9:43:01 AM
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DEEDS
Inst Number
84006368
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<br />12,4884/4X <br /> <br /> <br />r <br /> <br />84;-' 086318 <br /> <br />connection with such property including, but not lbnited to, all <br />equipment, fixtures, furniture, appliances and articles. of~ <br />property owned by Trustor and now or hereafter Joeated em, ~'!tO; <br />or used in and about the Improvements which. are <br />complete and comfortable use and occupancy o( the I <br />purposes for which they are intended and such olh..... <br />and personal property owned by Trustor as ... <br />furnished in operating the Improvements, or the <br />therein, and all renewala or repiaeements th....r <br />therefore, whether or not the same shall be <br />Improvements in any manner. and all building materi&li <br />hereafter situate on or about the Real Eatate or. the, IIIlI! <br />foregoing security intarest shall also cover Tru8tox"S .,' <br />in any of the foregoing items which are leased by <br />shall, from time to time, upon request orB <br />Beneficiary with a current inventory of all of the pe~ .... <br />which the Beneficiary is granted a security interest here1an~. <br />detail as Beneficiary may require. Tru8tor covenants' <br />Improvements will constantly be equipped with such quantity ,... ..' <br />of personal property as shall be reaaonably required to. fW17'/ .,.... '.. .!~;i <br />Improvements as an operating, first-class sixty-two (62) rooe" ~i <br />motel. Items of personal property which become worn out,lIb.lul!>OIt' <br />otherwise no longer available in satisfaction of the foregoinrr req~ <br />shall be promptly replaced by Trustor. <br /> <br />L <br /> <br />t fl . SAt'.UMtv A1fieement:, This Deed of Tr <br />security agreement be ween Trustor and Beneficiary with respeetto,aIl <br />peraonal property in which Beneficiary is granted a security tntenet <br />hereunder, and. cumulative of all other rights and rem.dIes of <br />Beneficiary hereunder, Beneficiary shall have all of the rtchta ami <br />remedies of a secured party under the Nebraska Uniform COIDIIIel'Cial <br />Code, Trustor hereby agrees to execute and deliver on demand and <br />hereby irrevocably constitutes and appoints Benefic1ary the <br />attorney-in-fact of Trustor to execute and deliver and, if appropriate, <br />to file with the appropriate filing officer or officers such security <br />agreements. financing statementll, continuation statements or other <br />instruments as Beneficiary may request or require in order to impose, <br />perfect or continue the perfection of the lien or security interest created <br />hereby, Upon the occurrence of any default hereunder not cured within <br />any applicable grace period. Beneficiary shall have the right to cauee <br />IulY of such propeJ~ty which is personal property and subject to security <br />interest of Beneficiary hereunder to be sold in one of public or private <br />~ ales as permitted by applicable law. including at a sale held In <br />ct. '1junction with the sale of such property by Trustee. as provided for <br />in this Deed of Trust. and Beneficiary shall further have all rights and <br />remedies, whether at law in equity or by statute, as are available to <br />secured creditors under applicable law, Any such disposition may be <br />conducted by an employee or agent of Beneficiary or Trustee. Expenses <br />of retaking, holding. preparing for sale, selling or the like shall be <br />born by Trustor and shall include Beneficiary's and Trustee's fees and <br />legal expenses. Beneficiary shall have the right to enter upon the Real <br />Estate and the [mprovements or /lny other real property or any personal <br />property which is the subject of the security interest granted herein as <br />located to take possession of. assemble and collect such personal <br />property or to I'ender it unuliable, or Trustor. upon demand of <br />Beneficiary. shall 1UI~<!mble such personal property and make it available <br />to Beneficiary at II p18('e deemed reasonably convenient to Beneficiary. <br />If notice is requirod by law. Beneficiary shall give Trustor at least five <br />(5) dayo' prior written notice of the time and place of any public ule or <br />other disposition of such property or of the time of or after which any <br />private sale or other intended disposition Is to be made. and. if such <br />notice is sent to Trustor, /IS the same is provided for the mailing of <br />!lotices herein. It illl hereby deemed that such notice shall he and is <br />reasonable noth~e to Trustor. Any Mle mAde llursuant to the provisions <br />of thi8 parllgraph Jl>hll.ll be deemed to have b"n a public mlle conducted <br />In II reaoonobly eommerclal manner if held contemporanoou!!ly with the <br />!lale undor the power of Nale gt'Rnted in this Deed of Truflt upon giving <br />the IIIU1Ut notief! with rfHilplll1t to the sale of the pl't'501HII proPll1.ty <br />hlitNlI.Ulder IUI ill requirf!d with rcspeet to tho flltle Imdln the power of <br />19l1le glvlm the Trustee IUHler this Deed of Truut. <br /> <br />. <br /> <br />I....'...........,....~.".... <br />,""" <br />;'0".-.'" <br /> <br />v <br /> <br />-' <br />
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