|
<br />83- 001146
<br />
<br />aoo, without demand, snalj be Immediately due and payeble by T tus/or and shaH
<br />beat Int~t at the maximum allowable legllf rate.; PlOvided. twwe..er, Ihat al the
<br />optlM of e.n.UetUy 01 TruatM suCh sums may be- added 10 thll" principal batancl!t
<br />of any lndebiedneet- ~t4b hereby alld shall bf:!.ar the same Interest 8$ sUCh
<br />Indebtedness and .!ih.ll be payable tatabfy over the remaJnlngletm thereof
<br />
<br />10. ~t of ........ 8enelldary .slWt have the righi, power and authOrity
<br />during theoontinuance jot this Trust Deed 10 collect 1M fMIS, IS~llIes and profits of
<br />1M Pfopef1:y and of any personal property loeated thereon with Of without laking
<br />poDeMkm of. the property affected hereby, and Trustor hereby absolutely and
<br />-uncondltlOnaUy ~on' .all such HintS, issu-.es and proms to Beneficiary,
<br />8eMtJclary. however, t\9reby eonsants to the Tws.tor's coUectlon and retenUon of
<br />such term., iasUes and profits as -1hey accrue and become payabtec so lOng as
<br />Ttustor Is not, lit such timn, in aotllUlt with res~t to payment of any
<br />tn6ebhMimtSs-secured hereby or In the performanoe of any agreement hereunder
<br />Upon-any such default. Benefiel.ry may at any lltne, either In pers-on, by agef't. or by
<br />. reeelYer to be appointed by . -court wlthoul notice and wIthout regard '10 the
<br />adequacy of any Hcurlty fm the indebtedness hereby e.ee\JrOO. (8:j entar upon !lnd
<br />take poaseaaton Of t!'l& ~ -or eny part tMreot, and in its own name sua lor or
<br />QtheAlrlN COUec;t such <<tOt$, IsWOs and protlb, InCluding lhose past due and
<br />unpaid, and apply the saJM, htsS costs aoo expenses of operation Md collection,
<br />I~ng reasonable- attorney fees. UDOfl !lny mdebtedMSS $OCUl'ed MrWY 0 and In
<br />lOCh on:hu as ~tIC1ary ma~ de!tlrmlne; lb) perform such acts 01 repair or
<br />PfOtHtlon;as may be necessary or proper to conserve the value of lhe pr~rty; leI
<br />lease tbe same or -any part thereof for such rental, term. and upon $uCh conditions
<br />as Its jUdgement may dk:tate. Unless Trustor and BeneJJclary agree othefWJsEt tn
<br />writing, IIny apptication of retlts. inues or proht" 10 any indebtedness aecuro'J(j
<br />htrerbyllhaU not ~tend or postpcne tne due date of 1M ingtaHf1'!1Int payments a5
<br />Pl'OWded In said promla.sory note or change HIll. 8m-o.Jnl at such lflstal!trIef'!ts. T!1~
<br />enterlno UpOn and taking pos5es~loll of the Property. the collection of suen rems
<br />IssultS and profits, aoo tile apOlfcatlon tfM!reof ~s aforesaid, shail nol waive Of cure
<br />any default Qf notice of default h&rnuoder, or Itrvllllk10aht any act dOM pursuant 10
<br />such ooUca. Trua-tor .I~ a~lgn$ to BenefiCiary. as furlher security for the
<br />petform&ncl! of tM obHgaUol1s "corel) hareb'i_ all propaid raflts and all monies
<br />...mtch may Nl~ o.en or may hereaft@rbe-depollitedwilhsaldTrustoro)'any lessee
<br />01 the Property. to s&cure In" paymenl 01 ilny rent. and upon ~elaull 11'\ ltle
<br />perfonnance of any of 1he provisions. tlereof, Trustor i3Q~e5 10 deliver ~mcl1 rl1nts
<br />and deposits to the- Beneficlary_ Deilvery 01 \1lIrllt6t1 notice 'Of the BeneficIary'S
<br />ex.rcise at the ri<!hts ~'anted "~r&H"l. to any tt'mllm occuPying $aia prem,ses Shall
<br />be sufficient to r$Qujre said h!!:Rant to pay siud rent to lhe Bf1l1eliClary untl1lurther
<br />notk:e.
<br />
<br />11. L....s ~ Wlttnn 1000." afteroemaoo, TrlJ'-tot shall furnish to Trustee
<br />. acheduM certif'-" to tie true. setting lorth all !eaRS of space 11'1 the fJ'lJ$t
<br />PropM'ty ttMn in eff<<ot, InclUding, In each cue. the flame of the tenal"\ls and
<br />OCCUpant&, A dUcflptlon of the. apace occupfeO by such tenant and occupanl, tM
<br />l'Mtal paytlble tor such apace and lJueh other IntOl'mattor. and ;;l:OC1Jl'M1lts wlll1
<br />~ to IUCtl ~ and tenancIes AS the- Trustee may r&q-ueaf
<br />
<br />WHhotJt the poor wr1tten (loneent ot Trust_, Trustor !ina!! not, d!rsctly or
<br />Indtrectfy. with filat:*Ct to any lease 01 space in the deacllbed premIMt!t. wnelMr
<br />8UCh ..... la flOW or ~ft8f In IIlX.iSttl:n<:6: Iii:) accept or permIt any prepayment
<br />dlacOunt or advance ,."t payable th&feunder; iDi cancel or terminate Ihe .ame. Of
<br />*Xlepl any ~oo"l.tiOO, termination or surrender lher.,f. or oarmlt any "eol to
<br />occur wh1eh "fOUn:tenUU. the ~$M thereunder to terminate or cancel lhe sI:fome: leI
<br />emtnd or- modtfy the AIM so .. to reduce the t~m theteol, 1M fl!tfllal p.yabl~
<br />thereunder, m to chanoe a"Y nm&Wal PfO'01.10n. lh<<~" confa'net1: jd} waive any
<br />defautt t~nder or bteach thereof; iei give any consent. waiViM ffl approval
<br />t~ or tUe 8ft, ott\ef actiOn in connectlO1l ther-ewlth, Ct wIt" .. leaaee
<br />~. wtdch 'NOOki t1av. the effoct of Impa1r1no the "lIt-u_ of 1$l!sor'1 H'It.reet
<br />~,on ttle ~ wbf*:1 themo, or or Impalr!no In. PQ&ihon Of InttN&sl
<br />of the Trust.. ~ &.MUclary. OJ (f) WI. USigR pleo~. mortQ4Qe or otherwise
<br />~ot. or~. nsll'ltarnt In any 8\.iCl'I ieaso or any renta,ls.u$8 or pro-llte.
<br />iMUfnQ Of arising t~l'Id&r.
<br />
<br />12. ~tIon.lf Utkl to any part ot tAIt property sh.t\ll betaken i.. -c-ondemnatlQrt
<br />proceecttnp. ~ rlgnt of amm.nt domain at !i!miiar actlon, ~ Sha!l be sOW under
<br />thtWillt of condemnaHon. an awarda, darMgN and PfQC.-<Js Ite t>ereby "niOned
<br />and _hall ba- I)akJ to 8eneflciaty who shall ..pply ~UCt! ...rdtl~ (j,J;maglJa .$.00
<br />prQQMda to tn. auma .KW~ Coy the Truet 0e0Q, with t1'\.8 UCOU. it any, palO to me
<br />~. TnatOf will promptly, and wttf\ dtM dliig.nc-e, repair. sltel ami r.tORr tNt
<br />~ -part of the Truat Property to i1s h>ff\:'let c;QoolUM l!>ubatantiaUy 10 In.
<br />atMt tMt the Hn* may bt fe.nible aM eo as to constitute. complete and !J1lI.DI.
<br />unit.
<br />
<br />13. FaIitIN........... Upon tllqUMI oJ TfU$tOf, u.n.ncla'Y. at B9neflcWy's oPtion,
<br />pOor to rtJICOR....y.nce of tfle. Propotrty to tl"le ftv-atOl'. mAy m4ke tuh.lft. &dnnce5 10
<br />the- Truatot. Such future advances. wttn Int...t lhereot'l, .nall be Meured -by this
<br />1"rue.t DMd When eVidenced by promtuor, not.. stating that nid \'tot" at.
<br />MaUNd ~ ~ that al no lime eMU the $Kurel1 principaL luture
<br />~ no( mcf<.t4ing ~ ~"\~ to lm:)t-ec~ H~ HC-utlty, MtCM'd- ~
<br />tIundted~t (1~)of theonglnal PflflC~l.arTlOUO~. MCu~ ~y
<br />
<br />14. ____ ~ AU ~fl pro'#d$d in thl$ TIlJ*I 06ed 1lI'. Cll1iUnct .0\1
<br />~ toaftj ~ tivbt Of',..,..;y llndarthl1ll Tndt Deed Of .ttofdtid by law or
<br />...1ty.MGme,..~eoneuNW1lly.l~ty otsuconalW'tr,
<br />
<br />11. ........... ........ .... Upon o.fautt by Trustor lI'I the P4)'rMnt of an>,
<br />IndII:IMllIDMe 8IlQUNct __ Of tf' the perlonn.no. of ~ -or",,*,t ~,
<br />~.-y~<<tIMtfMHCUrId MnIbJ ~ due ana pt;yab" by
<br />~ to Trw.a- of written CIeO..UOn of def~t, The Trut,_ sha!l nave m.
<br />~ of .... of 1M- Pt'opMy and It 8eneflcluy cMek.. the Propeny to tit; 1OId, it
<br />IMIi ~ dit T~ tftta TNflt 0McI and aU promtaaory not...oo doev,,*,ta.
<br />~ ....*'dll~ MQ,Uf4ld henby, Met mait ~ '0 Trustee, .. written
<br />nouce of detautt Mi. ~ to eeuee the Propt(ty 1(1 bot told. and the In.ttt.. In
<br />bI1t..... ~. tl:mNar.frfot+ce!n thlt form. NqUlt.o by law, wnleh .haj\ be dlJly
<br />.....lCIf'fWlIQfVllyTrw....
<br />
<br />~ Aft<<....... of WCh time "tnt.)' be ,.qutred by ta-1lI fQito-.ing: the r8Q(lfQ-
<br />dOll of said nottoe or ftfauH. and nouc. of ~.ult llnct not~ of ... ttaving
<br />btM 0twItft a.. ~ by law, Tfl.ll:t-. wnhout \1rM'tanQ-1)(l TroalOf. snail Mil
<br />tha~on_"'and ~ tMttnJtand pIaoe ~ ~ &ai4 noUce of
<br />.... at ~ Wi::tlOn to ,he I1IGbMt trid4ef. tn. ~ priQe ~y** in
<br />MlWNf ~ of ti'Ill~ S.-. at the time of ..... Tht PlIfIOfl conc;!u(:Ung
<br />IN ....mer. ~ MY ,*,",hedeema ~ postpoM IN:"'~ from tlmtJ
<br />to_untllttlhaUbt:~and.In-"ll'yMJeb c.....~....Qf ~
<br />mem.... bit ". bit pubk ~'on "*-of Oy INOIt p.tfaOn al tna tirM
<br />...,....... ~ for the MIl; ~ if t'- uIe i.s poe1tlOMd tOE-
<br />..... ... (1.) day ~ .. day ~ tn thlt f\Ollce. (J,f Mle. nouc.
<br />tftINoI tIhaN beot- in m.-.... maMIf as _Of~ ~ot ..~.
<br />
<br />'f1ueW,-...... enwlI. MIl ~ to -tn. ~ hia GNd ~ uw.
<br />~~but ~..ClOlMMftt Qt' ~~....... Of ~ t....
<br />,...."... o..iI of., ~ -or .... ~ "~ PfOOC of t,*
<br />~~Aft)'~~~.rNIT~attha
<br />-
<br />
<br />... ...-l'...._....~_tM:~MIW;ln.IMTNIitM~apptytfla
<br />_01..._.._.....___..__....
<br />
<br />=:=:~:--=~.~~~~~or:::.~~.~e:
<br />
<br />.......-...........tt1;tn. ttwooillr..........
<br />
<br />.- ...........................~tb) fttM... tI tkJ lma.... (loI'
<br />_.......,._-.......~fitIW....H t......... ~uant
<br />_......~ U.__of"'MIil"~W! IN 00Sif;t flaMd
<br />..........-
<br />
<br />ttf c.-ot.,............~w.~..~~..,.I!f;cJ~
<br />...--
<br />
<br />.. .._---,
<br />
<br />.. ".........,~Jt...-. t4"~~~."-l~
<br />
<br />f6. Dutl.. .nd ObllgaUona of lrust.._ (a) The duUas and obllgallons of '"fl'llslee
<br />shall be determfMd ~olely bV the expr&s. pro'll!llons of the Trvst Deed and Trustee
<br />shall not be liable /:Ixcept lor the performance of SuCh duties and obligations as are
<br />specifically sel forth herein, ana no Implied covenants or obUgatlQn, shall be
<br />Imposed upon Tru.tee; (b) No provision of this Trust Deed ."all requite Trustee to
<br />expend or riSk hiS own funds, or otherwise Incur any financial obligation In the
<br />performance ot any of lls duties hereunder, or- in the exercise ot any of its right Of
<br />powers, If it shall have groundS for batlevlng !tun the repayment of such funds or
<br />8dequate IndemnIty agaInst sueh rlsft or lla.blHty is not reasonably aaaured to It; (0)
<br />Trustee may consult witft counsel of fils own choosing and the advice of such
<br />GOUnlSel shall be fuB &nd complete authorlzatlon Bnd protection in the reapect of
<br />any action taken or suffered by It hereunder In good faith and reliance thereon: (d)
<br />Trustee ahail not be liable lor any Bctlon taken by him In good faith and
<br />beUevad by I1jm 10 be authorized or within the discretion or rights of powers
<br />confemtd UPOf' it by this Trust Deed.
<br />
<br />f7. Addt1~t s.cul1ty tnstrumMU, Trustor, at Its expense. wi!! execute and deliver
<br />to tM TrusttHl. prompUy upon demand, lH.lCtl security Instruments - as may be
<br />required bV TrUBlee, in torm and '/Iubstance satisfactory to Trustee-, covering any of
<br />the Propeny (:onvey9d by tnls Trust Deed. which sl!lCu(lty Instrumenta shaU be
<br />addttlonal MCurlty for Trustor's faithful ~rlOfmance of all of the terma, covenants
<br />and <:ortdltlons of Ihls Trust Deed. tl'l8 promissory notes eocured hereby, and any
<br />other security instruments executed In connectIon. with this transaction, Such
<br />Instruments -shaH be recorded or Woo. anti te-recorded and reflled, at Trustor'.
<br />expense,
<br />
<br />18. ,,"~II.MOU..
<br />
<br />Ie) ~!"l the eyent anyone or mort!< of lhe ptOYl~lon. contained In this Trust Deed or
<br />1M promissory note- or any other security Instrument given In connection with
<br />this transsctlon shall for any reason be held 10 be Invalid, Illegal or
<br />unenfOfceabht in any respect. 'Such Invalidity, 1IIegall1y, or unenfon:eabllity
<br />!.hall, at tPl~ optIon of Beneficiary, not affect.'W other Pfovlakm of 1hls Trust
<br />Deed, but 1111$ Trust Deed shall be construed as It such Invelld, 1119081, or
<br />uO&"l!orce8b!a PfO'<l\OJlon had ne-ver been contained herein or thereln_
<br />
<br />(bl Thl.a TfU!lIt Deeo shall be construed according 10 the laws of the State of
<br />Nebraska
<br />
<br />(c) Th" Ttu-'!It Deed :shall inure to, and bind the heirs, legaten; devtaees,
<br />administrators, 8~ec!llo-r5. successor$ and &.stt:lgna of lhe parties hereto.
<br />
<br />(d) T~USlot sh41l pay sll taxes l&vlflO upon this Trust Deed or the debt secured
<br />i'\EH8l)y, together ....111"1 81'1y other taxas or aU$Ssments which may be levied
<br />against tne T;u!lIttU' or 8enttf!cla.ry or the legal hOlder of said promluofY note
<br />on account at t~ indebtedness evidenced thereby_
<br />
<br />(<ell WheO$vl'lf VNlO harem, lhe !;'"Gulat number shall include the plural, the
<br />singular, 1M use 01 Any gender snail be appl!cabkt to aU Q1trtders, and the term
<br />"Ber-.elicia"," ,:!nalf itl~lude ;Ill,\, pavee of the Indebtedness hereby lJl!lCured or
<br />any Hans-tar ,"'-flr90t. whe-!Ot!r by operation ot I-aw or otherwise.
<br />
<br />19 Succn... Tru.... B8ner;Clary may hom time to Ume substltute a SUCceMOl' Of
<br />ISUCCtts.aOfS to ~ny Trust" !\Breed herein or acting hereunder 10 execute this Trust
<br />Qee,j. UPC;f! SUCt! appcl"I!l~nl -and without conwyanee to the. !tucceuor Trua!".
<br />the latter .h.U De ..e'!!l~ _itl'l all l!Ue. powera, .and duties confttffed upon any
<br />TruSI" hereIn flamed ar acting hereundet. Ellch such appointment and
<br />!SUbstituilon $haU be made ily wriUe:n in1.1rUtMnt by 8eneUcl.ry, containing
<br />''tferenC'e to lNs Tn,>:ll o.ed and itS pl.ctt of re<;ord. which when 'ecorded in tM
<br />ottlcs 011"<< Reo1llt.f of 0$ed.1. of the cO\Inty t)!' CQunUes In whloh uk! property Is
<br />situ.led sh<<ll be ~onGlUlllve proof 01 proper appointment of lhe SUCC8NOt TruttM.
<br />The f~1\ij p<JWe1 of ~lJD$tltut1on and the procedure thatefore ahall not be
<br />oxclu..i.... of thtJ p.:)wel snd pmcedure PIOVldfKt for by law fO! the substitutIon of .
<br />Trust.. or Tru'ltMe in t!'le piac. 01 the TruslM
<br />
<br />2<>- ForttH...~ by- Il~,., or Tru._ Mot . W..... Any fOf1tbear.nee by
<br />8enetlClary or Ttustee In !'lJierc.lSlng any right or r.~y hMeun~, or otherwise
<br />.ftOfdoa by appl~le la.-, ,hall not t>e. a welv&!' of or preclutfe the exerols. of any
<br />flgnt Of ~ Ntreun<2ti Uk_laa, tfla walY$t' by Beoeflclaty or Trust" of .ny
<br />de-tal.!ll of frustor under this Tmst Oead tlhall t10t be deemed to be a watvef of any
<br />o1l'Mtr Of $1I1'l.jlar delaults ;;~uentiy occurring.
<br />
<br />21. TrvatDr Not R46MMd. Exletl$lon ot the time fOf payment or modification or
<br />amor1l.tation c! tho tlUm-$ $9C".ded by th!.."! Trust Deed QranllK! by Ben.ficlsty to sny
<br />:NCee$SOf tn lntetMt o! Trustor shall not over.t. to~. In any manner. the
<br />liabluty 01 the or'1)in.i Trys.tor Of Trustor', .uc(:es-sor In Inter_t Beneficl..ry ahaIl
<br />;'oOt C& requirea to C-OmmetlC1t prOClMdlng.e ao-lnat alien suceeaaor or refUM 10
<br />ntat'IC lime for paym8flt Of 01nt1rwlM modify ilmartaaliOn 0' the sums aecured by
<br />lhls Hval Deeo by r..8-O(I 01 olinr demand ma09 by t~ original Trustor and Trustor's
<br />MK:t:M$O~S in mterfl$t
<br />
<br />22. DeteulL It t~e shaH be .. OI)I~liit under lhls Deed of TNst or under any prior
<br />ff>On-g~, the Bltf1efl(:i.ry 016)' Cytil such default, and lhe amounts advanced try,
<br />and other eoats and oxpeneu of thtl bene'lelary In curing ltl.l'Cil defautt. with
<br />in__t .1 ,htl oet4\llt rate contSln.a In the No.le secuted hereby from the time of
<br />l~ aavanceo Of payments '''an bit added fl) the lndl!lbtednMa secured by tn" Trust
<br />0Md and ma.., l>t QQ1~tId he~nder at any lime aUer tM time 01 lueh aavances
<br />OtpaY"*lts and aMi! bedeem&d 10 De eeeured ~y.
<br />
<br />23. Opaoft to FotedoM. upon tM OCCUltlOCe of any Qetaull hereuf\det, Benetlclary
<br />$hall ""~ 1M opHO(llQ foreclose this. Tru~1 ee.d In the manner pFO\'kSed by law for
<br />In. tonK:JOSUfe oj moogaget Of'! (eal P!ooortY
<br />
<br />24_ TI9tW. "'It*. AbMnt Def.uIt. Until any detault In tht peytnimt of
<br />!~Iedneu !'\OfatrJ NCur~ or <.InW th$ brHC~ of any c0't8M.nl heretn eonlalntel,
<br />the Trus.tor, fts succeQor1. and aul.fI.. ehaJI pouua and. enjOy the property, and
<br />rtlt'... the rents .nd profits 1hofefTom. Upen payment Or all sum. -.cuted by thl.
<br />Tnmt Ofto::!, gen.tiQary shall requnt TrustM to r8COfMtY 1"- property and thaU
<br />"\Jt1l)~ 1"111 T!U$1 0fHtd and aill\Ote.. hkMn<:ing ImMbtedneu secured by this
<br />Trullt Deed to Tr\i5t.._ T!tl&tee snell UKOnYey 1he: oroperty without warranty and
<br />withoul ,;;narge tiJ tr. ~1I0n$ <egaH'f MUlled thereto. 'Tl'le Gtant" If\. .ny
<br />!eoon..-eyance may bfJ QflcI!b8t1 all <.the pereon or peraOOl entitJad. tn.r.to," and
<br />t~ rnctlaJa therelfl 01 llJ'\y rn.Uars Of tacts $!lall be con<:h.aJve p.roof of the
<br />ltutl1fU.ness t".,IlO!. SuCh ~-son OJ persont. .halt P4'f.U costa: Of r&COrdlf\Q..1f any.
<br />
<br />~. ~tfoft in trw tfttlt of Tranafer. in tn. ~nl the tlUt to MId f..1 .state is
<br />If1IInfJeffed.. Of eonlfa-ct-.:f to t>ll traNlfttrt&d, ffOm tM u~iQflfld for an:;- reuon Of
<br />n,. any mflhOO whatllOrl$f, 1h8 .fUlt. prlnc-ipal -sum and accrued IntwMl "haJJ.t
<br />QI\Qe o.c.~ due aoo pe'j.tml.lthl!lttleel!'Ol.'l of thtJ 8enelk:iery. Paltu"" tO$d('Clee
<br />Hna optkXl ~u.. of t'.n.sler o~ hUe .-5 abovt!l "lated In -0"4 u~tan~ ahall not
<br />COMtt1:u1.. wake: ot 1M fight to u~!.. lhe SAm* 11\ the.......t of any subnQu<<It
<br />UaMt$f
<br />
<br />.. This deli<t 01 INSI ia }uttior to Ot'\oe ~Ied
<br />
<br />____1UJL.____
<br />
<br />~*I by Trutt()( to ~_ __'
<br />
<br />,._"~"'~..".._,,~~~~__ l~""
<br />
<br />~VlQ.pri~p.tlf 1\tH.lor
<br />
<br />Ooban aN! hie(j rot ret>>m ....ntllh& l\e9i.t..- of o..dI aM $Q8ftUtNd.. fol..,..;
<br />
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