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200808234
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Last modified
9/26/2008 4:15:49 PM
Creation date
9/26/2008 4:15:47 PM
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DEEDS
Inst Number
200808234
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<br />200808234 <br /> <br />SECTION 5.09. Application of Proceeds. Unless otherwise prescribed by applicable <br />Nebraska law, i.e., Nebraska Revised Statute 76-1011, the proceeds of any sale of any of the <br />Mortgaged Property made pursuant to this Article V shall be applied as follows: <br /> <br />(a) First, to the payment of all costs and expenses incident to the enforcement of <br />this Deed of Trust paid or incurred by Trustee, Beneficiary or the agent for enforcement, protection <br />or collection, including, without limitation, reasonable costs, attorneys' fees, stenographers' fees, <br />costs of advertising, costs of documentary evidence of title (including title search and insurance), all <br />other related charges and costs, and a reasonable compensation to the agents, attorneys and in-house <br />counsel of Trustee, Beneficiary and of agent; <br /> <br />(b) Second, to the payment or prepayment of the Obligations, in such order as <br />Beneficiary shall elect; and <br /> <br />(c) Third, the remainder, if any, shall be paid to Trustor or such other person or <br />persons as may be entitled thereto by law; <br /> <br />provided, however, if applicable law requires such proceeds to be paid or applied in a manner other <br />than as set forth above in this Section 5.09, then such proceeds shall be paid or applied in accordance <br />with such applicable law. <br /> <br />ARTICLE VI <br /> <br />GENERAL <br /> <br />SECTION 6.01. Fixture Filing. To the extent that the Mortgaged Property includes <br />items of personal property which are or are to become fixtures under applicable law, and to the <br />extent permitted under applicable law, the filing ofthis Deed of Trust in the real estate records of the <br />county in which such Mortgaged Property is located shall also operate from the time of filing as a <br />fixture filing with respect to such Mortgaged Property, and the following information is applicable <br />for the purpose of such fixture filing, to wit: <br /> <br />(a) Name and Address of the Debtor: <br /> <br />Concord Neighborhood Corporation <br />1701 Windhoek Drive <br />Lincoln, Nebraska 68512 <br /> <br />(b) Name and Address of the Secured Party: <br /> <br />Bank of America, N.A. <br />101 North Tryon Street <br />Mail Code: NCI-001-15-14 <br />Charlotte, NC 28255-0001 <br /> <br />-18- <br />
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