|
<br />and wllho,' demand. ,hill b.im"!.d""', d~aJ~e ~ ~,~, ~~"~a"
<br />
<br />
<br />bear interest at lnf:' mallllTl.um allOWiible I"gal rate: provided, however, lI'al alH>e
<br />optlon of Beneficiary Of Trustee sucn sums may be atid~ 10 Ihe principal balance
<br />of any indebtedness secured hereby and $haH bear H'l>. same interest as such
<br />Indebtedness and shall be Pd\,abfe ratably over tt1e HI!'l'ainmg term thereof
<br />
<br />r
<br />
<br />10. Assignment 01 Rents. 8en~hclary shaH ha...e Ihe right. po....er and aulhority
<br />during the conlinuance JOI this Trust Deed 10 collec! the tents. Issues and prolils ot
<br />the Property and 01 any personal property tor-a led thereon with or Without taking
<br />possession of Ihe property allected hereby_ and Trustor hereby absolutely and
<br />unCdndltlonallY assigns "if SuCh renls, ISS(J8S and prO!'ts 10 Beneflciary.
<br />Beneficiary. however. he-reby C-(lnsents 10 the Trustor's COllection and retenlion of
<br />such rents, issues and profits as mey accrue and become payable so long as
<br />Truslor Is not. al suCh limes, ,n default ....Ith respect 10 payment of any
<br />Indebtedness secured herab;' or in the perlor'Hance of any agleement hereunder
<br />Upon any such delauft, BenefiCIary may al any lime, either in pefson. b~' agenl, or by
<br />a receiver to be appointed by a court, Without notice al1ct w'thout regard 10 the
<br />adequacy 01 any security for the indebtedness hereby secured, (aj enter upon and
<br />take possession of the Property or al1;' part thereot_ and In It5 own name sue for or
<br />otherwise collect such r~nts, issues and prollts. includIng trlose past due and
<br />unpaid, and apply the same-, less COst5 3<ld e;>;penses of operation an(J collection.
<br />includIng reasonable attorney fees, upon ;'Iny indebtedness secured hereby_ and in
<br />such -order as Beneficiary may determine: (pI pertorm such acts of repal( or
<br />protection a5 may be necessary Or proper to conserve the ~aluil of 1he Property: IC~
<br />lease the same or any part tl1eteol !or such rental. term. .)nd upon such conditions
<br />as its ju<:tqernent may dictale_ Unless Trustol and Benehc.ary agree otherWIse in
<br />writlng. any application of rents_ Issues or I,Hot;!S !o any mdeNedness secured
<br />hereby shall not extend 01 postpone Ihe due date ot the Installment payments a5
<br />provided in said prom.s!!ory note or change the amount of such Installments The
<br />entering upon and taking possession oj lhe P'Qperty, the collection 01 such renlS,
<br />issues and profits, andlhe application thefBol as aforesaid. shall nol waive or cure
<br />any default or notice of default hereunCler. or Invalidate any act done oursuant 10
<br />SUCh i"!olice. Trustor alsc ass;gl1s 10 Bene/iciar,!" as further securily jor the
<br />performance of the oblig3tlO:iS secured hereby, all PH!03:d fents and all momas
<br />which may have been or may herearter be de-pus lied With said Trustor by any lessee
<br />of the Propert,!,. 10 secure the oayment of an\' r.;!flt Cll1d upon default .n lhe
<br />performance ot an)' oi trle PfO'.I1SlOns ne-reo' ~rU5t(!r agrees :0 dehvef such renlS
<br />and deposits. te the Benehcl3ry Dellve'. ,;>' \-\'riHen n8tJce 01 the Benet;ciar~'s
<br />exercJse ot the rights granted hee'" w an'{ 'e<"lant o.:cuoylng sa!d premises snal!
<br />be suttie'ent to re<!u,re said tenant ~0 t:'a,' &;>Id rent 10 tt":e Beneilclarv ;Jntll further
<br />notice.
<br />
<br />11. L..-.d Preml.... Wllhin \0 days alter demand. Trustor shall fumlsh to Trustee
<br />a schedule certifl-t!<:l 10 be t~ue. setting forth all leases o! space In the Trust
<br />PrOperty Il'Ieo In effect. including, i<'l aach case, the name of the tenants and
<br />oc:cupants, B l1eacrlptlon of th.tl ~pac6 OCCUPII!td by suc/1tendnt and occupant the
<br />rental payable for such ~pace and such other ;:')formallon and documents wllh
<br />respect to such tease!! ana tenancies as the Trl,;stee may request
<br />
<br />Wlthoul the prior wrltlen consent of Trustee, Tru'Stor shall no:. Cirectly at
<br />Indlreclly, wUh respect 10 any lease ot space 111 the deSCribed premIses, whether
<br />such Iea..~ is now 01 hereafter In eXlstence_' (a) accept or perml! any prepayment
<br />discount cr aavance rent payable thereunder; 'I)) cancel or tE!lmlnate the same, or
<br />ACcept any cancellation, lermll1atlOn or surrender tnereof. or ceH1lit any event 10
<br />occur which V(oult: entUJe the I&S'~ H'flreunoer to term mate or cancel the same: Ie)
<br />amend or modify the same!!o as to reouee tne term thereol, the rental ~ayaDle
<br />thereunder, or to chenge any renewal proviSIon!! tharam contained; jd) waive any
<br />default Ihltf6Under or br-eacn thereoi, (8) give any consent, waiver or apptoyai
<br />thereunder or taMe any olher action in connection It'erewlth, or with a lessee
<br />thereunder, which would have Ine allect at ,mpalllng the ~atue 01 Jessor's II1ter8st
<br />thereunder, on the1"'roP6rt)- s.ubjectthf!lo~IO, 0r 01 ,mpiwmg the position or mlerast
<br />of the Trustee 01 Benellclary, or It) se", ass'Gf1, pip-dge, "\O'lgag8 O( otherwIse
<br />dispose of, or encumt>er, its lntere:.lt m any SUCh le~se or !In)' lents. Issues or prolits
<br />issuing or arisIng th8feunoer
<br />
<br />12. ConcMmMtlon If t,I!Ee! 10 any part or Il1e Property shaH be taken 111 condemnallon
<br />proceedings, b~ rlQn1 l'f if/nlnent tlomam or similar acHon. Or shall be sold under
<br />Un.al of condemnation, all t\l/Ifards. damages and proceeds are hereby assigned
<br />and shall be paid to BeneiichHY who shall apply such awafds, damages and
<br />pt'oc4HKIa to t~e sums secured by the Trust Deed, wilh the 6.1lcess, it any, paid 10 the
<br />Trustor. Trustor will pmmpti)", ana w!l1'l due dlhg1:l!lce, fepair. aller ano restore the
<br />remaining pert 01 the Trust Property to lIS lormer conaition subslantially to the
<br />extent that the same ma)' be feaSIble ana so as to constllute a complete and usable
<br />unit.
<br />
<br />13. ~ Advancu. Upon requitst oj TrustOf, Beneflciaf)', a: Beneliclary's option,
<br />prior to HtCoo'O'eyance ot me Property 10 tf".e T'\.ISli,)r. may make ,,-;tufe aa..-anees 1.:0
<br />the Trustor, Sucn lull,re eo.'anctls, ....IUl inhlltost the/5ofl, snaH be secuteo tly ttHS
<br />T~ust Deeci when e~i!ii.lnclloQ by ;;~om;SSOI}- notes sldllnQ lhat said notes ilre
<br />secured hereby. pro,,;aeCl tt,al at no I'me :!ohall !he seCUfOO p(jnc~pa;. fl..itl.lfe
<br />advar.;:es, not jncluo;n~ S",ffiS 8i;lliancva ;0 protect tile s@cur.ty, i!'AC~ o~
<br />hundreu percent \ tOIH'.j ot t/1t:l (rf'WHla1 prtn.:;Jpa\ am<JlJnt~ S6CuriKl 08reOy
<br />
<br />14. R~ Cumul.itv., Ail reil'ledies PfQ~ii.l&G in this Trust Deea "f8 distinct ana
<br />cumulatl..-e to any oiner right Oi feffieOl ufldElr thiS Trust Oeea or alford-ad D~ law or
<br />&quity. a~ may beeli.erc.s6ct concurrentl!" mdepenQllnll!, 0,1 succes:m-ely
<br />
<br />L
<br />
<br />15. ~tion; twm.d.tH. Sa~. Upon defaull by TfustOr in the pa,)'me:nt Of any
<br />lndebt&dM&a securUd heteb~. Of Hl tn8 purtormance of an)' iiagl&effi&flt ner&undet.
<br />8eoelIctary may deelau" all sums seculoo l\6rab)' immediately due and payable by
<br />delivery to TruS16& o~ ....11tt611 decljl,ralion ot default, ThtI TflJstee shail nave the
<br />POWef of "Ie of the Property a!'IC ]f Benehclal)' O&air" the Propen,. tQ De sola, It
<br />.hail dep03l1 wlln Trustee trHa Tf\J!S-t ~ and all promlsSOty noles and documents
<br />~id.n<:lnQ expendllufet:i secured "tHeby, .rld shall de!l~er to Tfust... iI lNrlU<iln
<br />nollotl of default aod ellM;th:m to Cilu:le lI'Ie PIOP8rt)' to be sold. and the Trust" In
<br />lurn _"-Ii ptep.&I& a similar Nollce in 1M fQrm f&QUile.::! by la., \/Ionle\"! shall btl dul,
<br />fUtd for record b)' Trustee
<br />
<br />ial Ah.- ttle lapu ot sucr. lime .u Tnol)' be r~lJlred by law follOll!olng lhe ~rd.
<br />aUon of .ald nOllce 01 d&tal.i-ll. ano Mllce 01 Qelaulf and nOllC$ of saie ha'iing
<br />bMn ijli~n .S fOquiroo b} law, TtuSIH, w.thout tiemand on Trustar, Sh.115(lU
<br />the Property on the \late ann at (he Ume ana place deslgniltiKi jn u.1<i notice of
<br />Mia, at public !lItJClIOn 10 the highe~1 blddtJlr, tl16 pUrchase price payable m
<br />lawful m..mey 01 the United States a1 tn.e time oj sale Thlt p$!SOf1 cQOduC1ing
<br />tho atie may, lo! .n~ cause M dooms 8Jl?$dlltl'lt. post;xme the sale Irom time
<br />toUme until!: Shall be comp:et9a ."0, in every ~uc-h c.a$6, nQtlCl!I ct ~tpoM
<br />ment ~ll be given b)' pub!!;: >1ecliuatlon thereof tw su;;:l1 ~rson at the Um.
<br />and plaCf' I&'$t appointed tor Ihe $3i~, prO'ilaed". tl tNt s.:r.;a is POStponea tot
<br />~ than 11) day rnt)'ond ;he, -ail, OilStQfHatod in the <1OtiCO of ~\e. notice
<br />thereof ."hall be ghan !n!f>e um\J m..n~&, as ttle orlQin,ai notice <.'1 sale"
<br />
<br />Truatee ahall eJ(ftCula al':j rjl!lil~~f to ~h8 purchase, l'llS O&&t! convo)"ing the
<br />Pu..Perty $VIa. but .....Ithm;; ,:).r'~,- ~-~1,,<"!n.rq 01 ..;\Ha"l), t>..pa.ss, 01 implied.. Th&
<br />U,e-Itata in the Dee..1 c.! ''T',itttiH) or fac!$ ,t'.a!; be conclusive plool of the
<br />trutht~ll\e&s tn.reo'- -"fli '''':~u:1L'''-Q 8tl-!1$tici.ar), may purchase .tthe
<br />.....
<br />
<br />(b) WMn T'uS'H s~H'I PUN)uant to the po~. herein, the Tn,ls:<M! Shill! apply t~
<br />Pfoce.ds of the sale to paymenl cf the CO:!lls. line ell.pel':It1$ :e-t $\it;cl,ing the
<br />POWOt of aaJe .nO of thtt sale. includ'ng the payment ot U'6 TllJstee's Fees
<br />lCtuaU., lnc.ul"-CI. not loe)(c~ _., _ _, _. _..~~ % \)flhe~lI!e Pfll;;&, and then to
<br />the Item. In subparqrlq)h {J;:j tn the 01',* thete- slated
<br />
<br />(c:l "-fte;r paving the l1emt $peCil*t11'l subj)alagraph tbl if th6 $,,1,;, is th' Trustee, C-'
<br />the PfOpIIr COUI1 .ndotttor C'OlStS o! fOfe<:I06uft: III'lt1 sal@; d ;.....~ ~~tt;> !'S p"r'lHi-f'<t
<br />10 Iu4itlal fotee!o.sut., tt'te proceed" of nta ah,,1l be .ppli~'J ,'" l~ I.1r"or Mate-J
<br />to lhe paym.nt ot
<br />
<br />t11 Coat 01 atlW ~~<<. of lllle jl!OC"t"'" In C\;HlflIlltCUO" ~.: \ 'hiell :s..I@<w\:1 Cl
<br />.fW rovonut ,,'amps,
<br />
<br />(II) All ~Itl, tNtJ'l-'oc~\'''' !'I~r.b",
<br />
<br />lill) rhe~!n~(_ if anY,to t~~Sl"II~~.l!r tirttlt!eQ \",'.-~.i,
<br />
<br />16. Dull.s and Obllga11ons 01 Trullhte (a) Tile dutlf:l5 and obl!gatrons 01 Trustet1
<br />shall be determined SOlely 0, the e._press prOVisions at the Trust Deed and Trustee
<br />shall not be Hable excepf for the performance of suel1 duties and obJlgallons as are
<br />specifically set forth here-in. itnd no Implied covenants or obligations shall be
<br />Imposed upon Trusl~!l: (bl No Drovlsfon of this Trust Deed shaH require Trustee to
<br />expend or risk his own funds, or olherw;se inClir any finant;lal obligation In the
<br />pertormance of any "f Its dultes hereunder. or in the exercise of any of Its right or
<br />powers, if II Shall have grounds lor belleylng that the repayment of such funds or
<br />adeQuate Indemnity agaInst such risk OT ilablllty Is not reasonably assured 10 It; Ie)
<br />Trustee may consult with counsel of his OWIl choosing and the' advice of such
<br />counsel shall be fuU ar,d complete aut.lurlzafion and protection In the respect of
<br />any aclion taken or suffered by it hereunder In good faith and reliance thereon; (d)
<br />Trustee shall not bEl liable ror any acllon 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 It by this Trust Deed
<br />
<br />17. Addllional Security Instrumenta. Trustor, at ils expense, will execule and deliver
<br />to the Trustee. promplly upon demand. such security Instruments as may be
<br />required by Trustee, In form and substance satisfactory to Trustee, covering any of
<br />the Propeny cOnveyed by this Trust Deed, WhiCh security Instruments shall be
<br />addltlona! security for TriJstor's faHhlul perfOf'mance of all of the terms, covenants
<br />and condlUons of thIS Trust Deed, the promIssory notes secured hereby, and anv
<br />other security instruments executed in connecllon with this transaction, Such
<br />Instruments shaH be recorded or Wed, and re--r6{:!)rded and reflled, at Truslor',
<br />expense
<br />
<br />18. M~I"neou.,
<br />
<br />is) In the eyent anyone or more of the provlsfons contained In this Trust Deed or
<br />the promissory note or any other security Instrument gfven In connecUon with
<br />this Iransactlon shall lor any rENlSon be held to be InvaUd, illegal or
<br />un&nforceabl& I!'\ a.ny respacl. such Invalidity, lJIegallty, or unenforcaablllty
<br />shari, at tne option of Benellclary. not affect any other provision of this Trust
<br />Deed. but thIS TruSI Deed shall be construed 8S if such Invalid, illegal, or
<br />unenlorceable prOVIsion haa never been contained herein or therein.
<br />
<br />{ol Thl!! Trust Osea Shall be constru6d according to the lawa of the Stata of
<br />NeDraska
<br />
<br />(C; ThIs Trust Deea shall inure to and bind the heirs, legatees. devl.sees,
<br />admtl'llstralor~, executors, successors and assigns of the parties hereto.
<br />
<br />\di Trustor shall oay aU taxes levied upon this Trust Deed or the dabt secured
<br />I'>ereby, IOgether w,th any Olher taxes or assessments which may be teYIed
<br />agall1st tne Trustee or Beneficiary or the legal holder of said promissory note
<br />on aeeounl ol'he IOdebt80ness evidenced thereby,
<br />
<br />{e) WheneYtll used herem. the smgular number shall :nc!ude the plural, the
<br />slngu!ar, ttle use ot any gender shaH be applicable 10 all genders. and the term
<br />'BeneficIary' shall 'nc!udl'l any payee of the indebtedness hereby secured or
<br />a'ly lransler thereof, whether oy operation of law Or otherwise.
<br />
<br />19, SucceuOf Tru.IM. Beneficiary may from time to tIme substitute a succa3SOror
<br />successors to any Trust96 named herein or acting hertlunder to execute this Trust
<br />Deed. Upon SuCh appointment ana without conveyance to the succenor Trustee.
<br />thE> latter shaH be vesled with aU title, powers, and duties confelT8d upon any
<br />Trustee herein named or aCllng hereundel. Each !!uch appointment and
<br />sub:!ltlluHon shall be made by Wtfrltten inslrument by BenefiCiary, containing
<br />flitlerence to thiS Trust Deed and its place of reooro, which wnen recorded In the
<br />office of the R~.star of Oattds of the county or countle. In which said property It
<br />sItuated shali tie conclUSIVe ploof 01 proper appointment of the aucceMOf Trust...
<br />The foregOIng powet 01 SUb$lltutlon and the procedure ttlerefore shall not be
<br />ellclusiV8 oi tne p\)W61 and procedure proYlded lor by I.w lor the aubslltutlon of .
<br />Tru~n65 or Tru~!ees In the place 01 the Trustee
<br />
<br />211 FOfbMr.nc. by BQMtlclary or Trusl.. Not . Watver. Any forebMr.~ by
<br />Beneficiary Of Truslee In eAe'cislng any rlgtlt or remlSdy hereunder, or otherwlM
<br />atlordeo by applicaDle law. shall not be l:l walvel 01 or preclude the axerclse of any
<br />nghl Of lemedy hereunder Llj;;ewlH, the .....".r by BeneUclary or Truet.. of any
<br />aela\.llt ot Tl'Ustor under !hls TluS! DeOO shall not be deemed to be a waiver of ~)'
<br />O:hef Of simIlar defaults subsequently occurring"
<br />
<br />21 Tru.tor Not R....Md. Extension 01 the time lor payment or modification or
<br />amortlzahcn of the sums Se.;ur80 by IhlS Trust Dilled granted by Beneficiary to any
<br />~"'CC8SSOt In mtel~$1 of Trustor shall not operate to rele4lse, In any manner, the
<br />liability 01 the ongmal Tr....stCl or Trustor's successor In lnletest BeneflclltJy shall
<br />not De requlrBa to commence proceedings again$t :luch :lU(;C8SSOf or refuse to
<br />e:ll.lena lime for pcliyffi8nl or otherwIse modify amofUution 01 the sums secured by
<br />tt>.s Trosl O&ed by reason of any .]$maM made bY' theorlglnai Trustor and Trustor's
<br />su(;cessors In !rHef8S:
<br />
<br />22_ o.tauh.. " 1001* Snil;H De 4 cefaull unl;J8f this Deed of Trust or under any prior
<br />morlQaQ6, the Beneficl<lry mil,' cure StIch delault, and the amounts advanced by,
<br />ana other costs aoo expanses ;)1 (he benellciary In curing such default, with
<br />mtlNesl at the ;Jet.,,!l fale coi"ltalned In the Note secufed hereby hom the Ume of
<br />the ~\;ances \')t payments shall be aaded to the lnoebtedne$S secured by this Trust
<br />Qet,d i.nd m.)' be collected hereunder at any time attar the lima; 01 such advances
<br />or- pajimlilnls and shilll be deemed 10 be secured hel'eby.
<br />
<br />23 0pU0n 10 Fonc:ioM. Upon the occurance 01 any default hereundef, Beneficiary
<br />~Nlll na..e tM option to loreclOse thIs Trust Coed In llle IM.nnef provided by law for
<br />lhe tOIl~Cl05i,lItl 01 ffiQrtg4ll"$S on r9a1 properly
<br />
<br />24 Tnntor'. Rltha. AlMtnt o.fault. UnlH aoy delault In the payment of
<br />("debt.aneu htKell)' SecUled 01 untH the t)r8&ch of any covenant hat.ln contained.
<br />lhe Tr-ustOf. Its aUCC8UOfS and assigns, shall poSNlSS and enjoy the property, and
<br />rec~ll"e the rant, .me prolits IhlMefrom. Upon pil)'m.nt 01 all sums secured by thi$
<br />Trust Deed. BeneliCial)' slial! r&Quest Trustee IQ r&Convoy the propel'ty and shall
<br />slJrf8IlQel tf'lIS Try"t Oeee and ail nOI6S evIdencing Indebtedness secured by this
<br />Ttust D8e;:lto Trus:ee. Trustet:l stlall r&Cooliey the property wlthoul wamanly and
<br />..-l\hout charge 10 the p-alsons legally enlitled thereto. The Grantee in an)'
<br />fOCOnlie)anCe may !:Ie described as ..the person or persons antltlll!N1 ttlereto," and
<br />tho! r&Cl:als thelfll1i of oOy ~naU",rs, or tact!! $hail be conclusive proof of lhe
<br />trulnlulness t~eot_ Such person or persons shall PiilY a.ll cost$ of recotdlng.1l Any.
<br />
<br />Z'5_ Accele,atlon In t~ Eftnl 01 Tr.n.t.r. In the a..entlhe title to said r8al estate Is
<br />lfans~effoo, 01 >;()(IHdc!eu to ~ traflsltm&o, !rom the undersigned fm an)' reason or
<br />by an)' methQd ""hatsoo..a!, 11'1<9 entire Pfl!1cipai sum and accrl.i6d inlerest shall al
<br />once become due and pa,a~!e..t thif tl>:ecllon of the Beoet!C:laf)<'. Failure to exercise
<br />Ihls option btKalJse 01 tfamslet of I'\(e as above sta.led In one instance shall not
<br />COnstltule a Wdl.--er of the r,,,nIIO e:>.ere.se the same ,Il .he event of any subsequent
<br />lfansle!
<br />
<br />28. Thla oe.d 01 tlusl ill IUr'lICi to oroe daled __
<br />
<br />.xecuted b) Tfu.iol Iv
<br />
<br />Trust..,
<br />
<br />tocu!lng. prinCipal nOllllor
<br />
<br />DollallS snrJ !lied fOlllK:orQ .lllllh n'$ R8'glSI",r I)t DHJll and lQ8nUflik! a. fOllOWS.
<br />
|