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200805760
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Last modified
7/3/2008 4:20:16 PM
Creation date
7/3/2008 4:20:15 PM
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DEEDS
Inst Number
200805760
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<br />200805760 <br /> <br />connection with the indebtedness secured by this Deed of Trust; and all such instruments shall <br />be filed and recorded at Trustor's expense; (b) Beneficiary may, from time to time, by written <br />instrument executed and acknowledged by Beneficiary, mailed to Trustor and recorded in the <br />county or counties in which the Real Estate is located and by otherwise complying with the <br />provisions of the applicable laws of the State of Nebraska, substitute a successor or successors <br />to the Trustee named herein or acting hereunder; (c) although the Trustee, or his successor or <br />successors, may be an agent of, or attorney for, or otherwise connected with the Beneficiary, <br />such fact shall not be construed to disqualify him to act as such Trustee, nor shall such fact <br />prevent the Trustee or Beneficiary from bidding at a sale and buying any part or all of the <br />Property at any sale hereunder; (d) that if it should be necessary or appropriate for the <br />protection of the security hereby conveyed or enforcement of the debt hereby secured, for the <br />Trustee or the Beneficiary to institute or become a party to any proceeding or suit in a court of <br />bankruptcy or probate or other court of general or limited jurisdiction, all expenses and costs <br />properly incurred by said Trustee or said Beneficiary (including, but not limited to, reasonable <br />attorneys' fees and related costs and expenses) paid or incurred by said Trustee or Beneficiary <br />in maintaining, prosecuting or defending such proceeding or protecting or enforcing their <br />respective rights hereunder shall be an additional debt secured by this Deed of Trust in like <br />manner with the principal debt herein described; (e) Beneficiary, or its agents, representatives <br />or workmen, are authorized to enter at any reasonable time upon or in any part of the Real <br />Estate for the purpose of inspecting the Property and for the purpose of performing any of the <br />acts it is authorized to perform under the terms of this Deed of Trust; (f) any forbearance by <br />Beneficiary or Trustee in exercising any right or remedy hereunder, or otherwise afforded by <br />applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy <br />hereunder; similarly, the waiver by Beneficiary or Trustee of any default of Trustor under this <br />Deed of Trust shall not be deemed a waiver of any other or similar defaults subsequently <br />occurring; (g) extension of the time for payment or modification or amortization of the sums <br />secured by this Deed of Trust granted by Beneficiary to any successor in interest of Trustor <br />shall not operate to release, in any manner the liability of the original Trustor and Trustor's <br />successor in interest. Beneficiary shall not be required to commence proceedings against such <br />successor or refuse to extend the time for payment or otherwise modify amortization of the <br />sums and indebtedness secured by this Deed of Trust by reason of any demand made by the <br />original Trustor and Trustor's successors in interest; (h) without affecting the liability of the <br />Trustor or any other person liable for the payment of the obligations and indebtedness secured <br />by this Deed of Trust, and without affecting the lien or charge of this Deed of Trust upon any <br />portion of the Property not then or theretofore released as security for the full amount of all <br />unpaid obligations, Beneficiary may, from time to time and without notice (i) release any <br />person so liable, (ii) extend the maturity or alter any or the terms of any such obligation, (iii) <br />grant other indulgences, (iv) release or reconvey, or cause to be released or reconveyed at any <br />time at Beneficiary's option any parcel, portion or all of the Property, (v) take or release any <br />other or additional security for any obligation or indebtedness herein mentioned, or (vi) make <br />compositions or other arrangements with debtors, in relation thereto; (i) in addition to the rights <br />and powers given to the Trustee and Beneficiary herein, the Beneficiary shall have all such <br />other rights both in law and equity for collection of the indebtedness secured hereby as it would <br />have but for this Deed of Trust; U) all covenants and agreements of Trustor set forth in this <br />Deed of Trust shall be joint and several; (k)this Deed of Trust shall be governed by the laws of <br />the State of Nebraska, except and only to the extent the UCC provides otherwise; (I) in the <br /> <br />12 <br /> <br />Initials::J'~ )" L Lie I:) R <br />
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