|
<br />83- 00lu'~"
<br />
<br />and, without demand. shall be Immediately due and payable by Trustor and snail
<br />bear Interesl al the maximum allowable fegal r-ale; provided, however_ Itlat alltla
<br />oPtion 0' Be1letlclary or TrU$I" $0(:0 sums may be added 10 lhe princlpal balance
<br />of an)' Indebtedne$S secured hereby and shall bear !l'1e same HlI&r~sl 8S suen
<br />indebtedn... and shall be Dllyable ralably o...&r the rema!r'Jlng term 100'601
<br />
<br />10. ~ of R...... Beneflclary !f.hail Mve the "9/11. power and auth.orlty
<br />durlng1he continuance Jof this Trust Deed to collect the r-6nts, iS5U6.8 and proWs 0'
<br />the Property and of any personal property located theroon with or wltnOI)! laking
<br />pQMePilm (If ,the property affeeted hereby, and Trustor hereby abwlulelv and
<br />unconditionally asaigns all suel1 rents, Issues and prnllts to Beneficiary
<br />8enf#Iialafy. however, herftby cons-e-nts 10 the Trus:or'~ collection and retention of
<br />suetJ tents, IS8ue. and pro1ns as they aeerue and bocotrn;l payilote so tong as
<br />TfU$ior Is not, at such t1m9s, in default with respect 10 psymen! of ai'ly
<br />Indebtedness secured har.by or In the performanc~ Ci any agreemlVlt hereunder
<br />Upon any such default, Beneficiary may at any flme. either In person. by agent, or by
<br />a receiver to be appointed by a court. without notice and .....ithout regard to the
<br />adequacy ot any ~eel.lrity fer the indebtedness hereby secured. fa) enler upon and
<br />take possession of the Property or any part tl'lareaf, and in !ts o....n n~me sue lor or
<br />otherwise collect such rentll. issues and profits, including tt>ose past dus and
<br />unpaid, and apply !he SAme, less costs and eJ(penS9:'l ot operation and collection.
<br />Including reasonable anorney fees. upon lIny indebtedllllss secufed hereby, and in
<br />such order as Beneficiary may determiflt'l: (oj perform such aCls 01 lftpair or
<br />protection as may be necessary or propet to conserve the value of the Pr<:lperty; Ie)
<br />lease the same or .oy part tMreof for such rental, t.arm, and upon such cond!lions
<br />IUl It!! Judgement may dlc:tate. Unless Truetor and Beneficiary agr&e olherwise In
<br />writlog, ..oy application of rents. lssues or proms to any mdebtedn!:'!>5 secured
<br />hereby shall not extend or po.stpone the due date of me tASliJllmen! payment!! as
<br />provided trI said promissory note or cnange the amount 01 such 1!1~nat!men!s. ine
<br />entering upon and taxing possession of !he Ptopefty< the COllection of such rents
<br />Issues and proflte, and the application thereol as afore!laid. shaH !'lot waive or cure
<br />any defau-it or notice of defauit hereunder. or !Ilva!ldate allY Bet done pur:;uant 10
<br />such notIce. Trustor alSo a~aign$ to BenefiCiary, .as further s&cunty lor Ihe
<br />pltrtonnance of the obligations socurea h{loreO'l', ail prepaid ref"!ls and all I'Tlonies
<br />which maV have been or may her9ah8r ~ OOposlt6<l wlrh salo Trustor by any less~e
<br />of the Properly, to secure the paymenl of any rel1L and upon default '11 u',,!!
<br />performance of any of the proviSions hereof. Trus101 agrees to :1eHvp.r suen renls
<br />and deposlls to the Beneficiary Delivelv of wnlten rJotlce 0-1 lhe Benell....lar-{s
<br />exerciSe of the rights granled he'em. to al'y tenant OCcupymg said premises Shdli
<br />be .ufficlent to require saie! tenanl to pay said rent t{) th(! 8l;!n~fic'afY until lu.mer
<br />notIce
<br />
<br />11.lMsed~. WithIn 10 daysaUar demand. Trustor shall turnlsh 10 TrU!'IIet>
<br />a achedule ~rtltled to be true, setting tortO a!i l13uee of space In the THlst
<br />Property then In effect, InCludIng. !r1 uctl case, n'.e !'l9me of ttl& tenanlS aM
<br />occupants.. a deacop!lon of the space occopied by such lenant and occupanl, the
<br />rental payable for such apace and 'luch other Il1larmatton and cloculT',.e-nls with
<br />respect to. $UCh 18aMS BtiO lenaoclea as the T ruSIe& may r!!Que,!.
<br />
<br />Without the prior wrl1ten COMet'll ot Trustee, Trustor shall not dlreclly 01
<br />1n4lrectly. with reepee! to. any lea&8 of space In rtltl descnDed premtses. whelMr
<br />such ieaee Is now or hereatter in bl:'ltence: la.l accept or permit any prepayment
<br />dlacount or ad'V'8nce r.nt payable thereu1lder: lb) cancel m htlmioale tOE! asme_ Of
<br />acCept .ny cancel/aUon, termin.eUOn or surrender thtH90f. t'f DSrmll any 9vl}nt 10
<br />oc<:urwhlch would entitle th4 leuH thereunder 10 t8fminate or cancel the same: tel
<br />amend 01 modify tM same so as to reduce Ihe lerm ItlerMf. t1'>9 rental pilyable
<br />thentundef. or to change any r.flaWa! prOVIsiona. therem contain6d; 1m waive any
<br />default thereunder or breaCh fh&creol; (0) give <iny consfml. waiver Of apprO'l'al
<br />thefwndet or tak. an-y Oln&r aclloo In COflnftCtion ther....ith. Of With a l.,,,seo
<br />thereunder. -whiCh would have the effect of Impalrh'!Q; the vail;. 01 ,es80r's intere!it
<br />tMttlundet, on the PfopMty tuOJect thereto, Of of Imp'Mlng the P93ition or IntarBst
<br />of the Trustee or Beneficiary; or {t} sell- iiuigfl, pl&doe, mortgage Of oth.rwlSe
<br />dlapoae ot, or encumber, its. illtetfl6t In any sucn 18a.. or -ltny ren1s. Issues Of profit!!
<br />Issuing 0( arising thereunder.
<br />
<br />12. ConOemnaUon.If title to an)' pan ot ttl$ Pr'.)perty aM!! 00 laken In call01mlnetion
<br />~ by right .of elTHft8nt OOmall'l Of alm!lar BeUon. 6r shaH be sold under
<br />thtMt of condemnation. aU award8, d8maQe5 anu pn:K=~5 are fleret>y ilis$igneo
<br />and snail be palO to 8eneliclary wi'!o &hall apply silch !lwardS, Clam.~ and
<br />Pl'OCeeda te the aum. secured b)' Ihe nust DEled. with the elu;.'eu. It any. paid to lhe
<br />Tfdtor; Trustor"" oromptly, and with due dlUgence, repair, al!",r .no: res-It:ne tnOll
<br />remaining part .of the Trust Property 10 Its former COllOltiQn $ubSIAnUalty 101M
<br />met thllt ttMt"me may b@'Msibte and se ;ss to consl!HlU~. a complete aM lH~at:le
<br />unl1.
<br />
<br />13. F...Ach'a__. Upon rl!QueatQf Trustor, BeneflCllilfY. at BerntflClary's optrort,
<br />prior to reconveyance of the PrOPt'rly 10 the Trustor, may mafi9 future advances 10
<br />the Troller. SUCh futuro aavances, with Int8fe.t thereon. $t:\ali 00 attcored bv trHs
<br />Ttuat 0Md when evidenced by promluory notes $18ilnQ ttlat :saId not6~ _'8
<br />~ ~; provided Ihal at no tlme shan l!l~ seCUred prInCipal. future
<br />advancea. not including sums advanc&o 10 prot!tCt the s~ufih, i:U;Ceed 0'"'"
<br />huncll1ldpereent (100%) 011he ollgmal prinCIpal amounts 5$Cured he/eo,.
<br />
<br />14. ~ eumua....., Ali utmediet prOVidOO In tfns Trust Oeocl aHJ dljsl!nct llfld
<br />currndativ. to any other fight or rerneJdy \lnd6f 1M. Tfual Deed Of ,afforded by ~w Of
<br />tQuUY,1lnd may be; e.ltfc!M(! oollCurrently, independently or sliCCOSSlv&ly
<br />
<br />15. ......tion; ~ ..... Upon !;kIfault b'l Trusi:or In the payment (If any
<br />mctebMdneu MCUr~ hef-*>y or in the pertorm.ance 01 any agfeematlt hweunder,
<br />BenefkQry may declare all aume MCurild he~y Immec:Uately due .nd pay~e by
<br />deIWwy to r,... of written o.cl.r."on Of tktfawl. TO. Tl\f!lfM shaU have U\4I
<br />f)O'IIMr at ..~ of the Property and If aen.flelary desltes the Property 10 be &Okl, It
<br />.... ~t \lrlth Hu...lhls itu6t Deed .nd all promluory notes and documents
<br />~ upenditu,.. ~ured hereby, and shall denver to Tru5l.., .. written
<br />notice of "-fault and election to c.uu the Ptopetty to be sQtt1. ana the TrlJ$t.. III
<br />turn ahaIt ~. atrl'lUat NOttee In the form ~u.tred by law, which shaft be duly
<br />fl... tor.-.com by Trutt...
<br />
<br />(.. After 1M lapM of .uch time .. rtla)' be r4K'lulred by law fOUOwl"\l the reoofd.
<br />ation of Mid notice of default, and nottc. of dtIt.ul! and notice of $4~ httvlng
<br />bM'I glYen.. reqUired Dy taw, Trustee. withoul ~nd on Trl,lstOf, s~li asH
<br />the Prooerty GO itle dale and at the. lime and ~r;e anton.tad in Ntd noHce ot
<br />..... at publtc aucfton to tfWI: hlgheet bldt*. the pur(;hue pdee payabie H'!
<br />tewM money ot the U""*' ~ ., the time af uie. T~ ~ -COndUcting
<br />In..... may. for any cavae he dMtne o.ptdtent, po&lpone Uw: sai41 from time
<br />to t1Ma vnttltt ahalt be compjeted and, In 8""'1 such ~a6lt. n(lt~ of pea'pen&-
<br />"*" thalt bt gI~ by public deel.rat~ tl\ef~f by .5uCh perSOl'l III tn. Urns
<br />And: ~ leei' ~ for In. ..-. PfO'tkMcf, IT the saIe is POStponed for
<br />longet than (1.) &tv bIyond the da)' Onlg~ in ll\e notiee of sa~. notiCe
<br />ttleqof MaIf b1tCiVH in 1M N1mtt rn&nfl8lat the original notk;.e al Ule.
<br />
<br />T.... liMh o~.. and ~ to lhe pI,IrCf\aWr nls o.ea con~ing Ir..
<br />~ toJd. tMIl wUhOut My COV<enant or "'Jao')I, .)tPfMa. 01' Impu.d. The
<br />~ in. tft:e 0Mc1 of any mattete Of ~t.. ..n.u ~ conctualve ploof of tho
<br />~ t_.-t. Ar,'1 ~, loolut:Jlng s.n.'iC.i.ry, may PUIC~ .! lhe
<br />.....
<br />
<br />@bt ~ tnm....... ~kl tnIi ~ ~ the Tm.!.. ahilll awl)' tho)
<br />JHOOMd:I of tM.... 10 ~t of It,. oott. lUld ellpOMh of .J(erei;'IlOQ the
<br />
<br />=:'=:'::.::':~-~~..~Y:=~~~'::'~~~
<br />
<br />t,.ttlma.f;ft ~J9h(t:lh'l u.~tbGrtl.ta<<td.
<br />
<br />lGt Aftet~.. ~ ~fMd kl ~.apn lbi H tn..... ~!)y Tru.tn, 01
<br />ttle~oowt~~.coIt*o;f knG~Mld.... tf tbt; ~.. pwtlWint
<br />to~~ t'-~~V."lballbearKJ:"'jn t....QilJt;t ~f.lI!d
<br />.....-...
<br />
<br />m CoM....,~ot 1/Ulf.ptOwrlld in ~liOO Wfth ~n... iIl1ld tl-~
<br />.....~~
<br />
<br />I1:i A#.~__4M~~
<br />
<br />ilm rM.~.U~<I"tl"~~~~ttMldm...h"
<br />
<br />16. Dull.. and OblloaUon. of Tro.tH. fa) The tlutle8 and obligations of Trustee
<br />shaH be determined solely h)" the CllpreS5 orovlalona Olthe Trust Dead and Trustee
<br />snail nOI bfI11able EI)(copt tor the performance of such dulles and obligations a8 are
<br />~pec/flcal!y set forth herein, alld no Implfed covenants or obllgatlpns shall be
<br />lmpollad upon Tru51e6; (b) No provision ot this Trusl Deed shall require Trustee to
<br />expend or rlak his own funda. Of otherwise Incur any financial obligation in the
<br />performance 01 any of tis duliQ1:l hereunder, or In the exercise of any oflt3 right or
<br />powers, It it shaH have grounds tor bellevlng thai the repayment of such funda or
<br />adequate indemnity agaInst such rIsk Or HabiHly Is not reasonably assured to It; (C)
<br />Trustee may CQnsult WIth counsel 01 his own chOOSing and the advice of such
<br />counsel s.hall be full afld complete lluthorl2atlOn and protectIon In the respect of
<br />any action takM or sufhHed by It nereonder In -gOOd faith and reliance thereon; (d)
<br />Trustee shaH no~ be l1abl~ for any action laken by him In good faith and
<br />believed by tllm 10 00 8uthonted Of within the dIscretion Qr right' of powers
<br />conferred upon It by !his Trust Deed
<br />
<br />t'{. AddltlONiI Security Instroman... Trustor, at Ita expense, will execute and deliver
<br />10 tha TrVSt96, promptly <Jpon demand, SUCh S8Curlty 10strumentl!J as may be
<br />required by Trustee. In form and substance satisfactory to Truatee, covering any of
<br />the Property conveyed by HIIB Trust Deed; which security Instruments Shall be
<br />i1ddftional security tor Trustor's faithful pertOffllance of all of the terms, covenants
<br />and conditions. 01 this ;fust D&ed, the promissory netes secured hereby, anet .ny
<br />other socurlty Instruments 8)(!lCuted In connection with this transaction. Such
<br />h"lstrl.lrnents shaH h<!f recorded or filed, and re-recorded and reWed, at Trustor"t
<br />aJ(pense.
<br />
<br />18. Mlaeeflaneoua.
<br />
<br />tal In the event anyone or mora of the provisions contained In this Trust Deed or
<br />the prombtlory note or any otMr security Instrument given In connection with
<br />thIs transaction Shall for any reason be held to be Invalid, megal or
<br />,menforceable in any re4pect, such Invalidity, U1ega:llty, or unenforee&bmty
<br />shall. at lhe optIon 01 BenefiCiary, not affeet any other provision of this Trust
<br />Deed, but this TrulJt Deed shaH be construed as If such Invalid. Illegal, or
<br />'mentorceable provision had never been contained herein or therein.
<br />
<br />'tll Th~s Trust Deed snail be Gonslfuad accardlng to the laws of. the State of
<br />Nebraska.
<br />
<br />(C) This Trust Deed shall inure to and bind toe heirs, ktgatees. devl"".
<br />admlnlslrators, executors, successars and asalgns of the pertles hereto.
<br />
<br />Idl T rustof shaH pay aU taxes levf8d upon this Trust Deed Or the debt secured
<br />'1l!reby. fogether with any otl'lfH taxes or assellsments which may be levfed
<br />agalnsl the Trustee or Bene1lciary 0( the legal holder of said promlsaory note
<br />~,n aeCOUn! o~ th<t m(J$bleoness evidenced thsr&tly.
<br />
<br />(el Wrlene'Vef used tlsrein. HIe sIngular number shaH Include the plural, the
<br />sIngular. Ihe use 01 any genoer shall be applicable to all genders. and the term
<br />Beneficiary" !lhaH Include any payee- of the lndebtednees hereby $8Cuted or
<br />any lransfer tfl$r901. ~helt\er by operation of law or otherwise.
<br />
<br />19. Succesaor Tru._. 6er'leffclBry may from time to time substitute a succeasoror
<br />successors to allY Trustee nllmed hereIn Of acUng hereunder to execute this Trust
<br />lJ&ed UOOflll<<.lch tlPpcfnlfmlfli and wlthout canveyance to Ihe succeaSOf Trustee,
<br />tN! latter .shall I)e vested wII" arl tille, POWtltS, and duties conferred upon any
<br />TruStN h.,reln named 01 acting hl'treul1dctr. Each such appointment and
<br />substitUtion sflali t>e matte by written iMtrument by Benef'tciary, containing
<br />rElferelice to thiS Tn.lsl 0e9d and ,t!l- place ot record. whIch when recorded In the
<br />oHlce ot the Reglslar of Deeds of lhe county or counties In which Mid property Ia
<br />situated shalt De conclusive proof of praper appointment of the 3ucceaaorTruatH.
<br />The foregoing power of tlubstitutlon end the procedure therefore shall not be
<br />e)(eluslve o1th& power and ploc$dure provided lor by law for tho aubetltutlon of.
<br />Tru~tee or Trusleesln the place of the Trustee.
<br />
<br />20. ForbNrance by hft4tfldtfY Of TN.... Not . W.I....... Any fo~ranc. by
<br />BeneUci.ry or Trustee In oxerclsing any right or remedy hereunder, or otherwlae
<br />.Uortled by &pPllCBOI" law, shalll'lot be.. waiver of or preclude the here'N of eny
<br />r!Qht ar remeo:Jy ~reunder. liil.ewiH, lhe waiver by 8enefk:lary or Trust... 01 any
<br />deiault Of TrustOl under this Trust Deed shall nol be deemed to be a walvet" of any
<br />ott\eT Of ~imUaf .oefaulls sub9$QU$ntly occurring.
<br />
<br />2,. Tnqtor Not R.-...a. ExttJnaion of the time for payment or modlti"tlon or
<br />@mottiZ.l!ttionof tFle sums '!6cured by tnl'S Trl./st Deed gr.ntlKl by aeneflclsry te any
<br />SUCCNSOf In InterNt ot Trustor -shall not operate to reM., In any manner, the
<br />ilabl!lfy of the orlglna! TrustOl' or 1 (ustor's &u~ In interest. Beneflclmy shall
<br />"'ct ~ reQui'ed to commMC$ croclNdlnga aoatnst such SUOCNSOr cr refuse to
<br />5IIel'ld llme tor tHI'fment or otl'lofWise modify amortltaUon of the suma secured by
<br />this Trust \)H(1 by rSlI;son of any oomand mado by the original Tru.tor and Trustor'.
<br />SUcceSSOfS In interest.
<br />
<br />22. Del..,lt. It 1M",. ~hall OE! II (jetaull UnQef tnls Deed of Trult or under any prior
<br />mOf1ga"e. HIlt B6nelieJ"ry may cure such default, and the amounta advanced by,
<br />lu\d other cost$ aNd expenses. of the beOeflcHU)' In curing such def.ult, with
<br />lnterut at the def.ull falle cant.loed In the Note HCured nereby from the time of
<br />the at;tVfl"CS!ll or payments "ShaH be added to th.e lndebtednesa .eoured by thlt Truat
<br />0lMl0. aM may be collected oereun4er at any 11m. alt,r 1he time 01 such actvancea
<br />1)1 payments and tlhaH be deemed to be secured hereby,
<br />
<br />2':l Option to FondaM. Upon 1M occur.nee of any default hefeund4lr. Beneficiary
<br />snell hat;f! the op-ttan 10 toreclon Ihl$, Trust Desct In the m~nner provided by law for
<br />lhfl tor8C!oaUfO of mortoagM: on re.al pfoperly.
<br />
<br />;?4. Truetor'. RIGht&, Ab&ent o.t.utt. UnUl any default In lhe payment of
<br />'nd$Dtedf'\lllsa hlJreu~- HCurad Qr untl1 the bf$ach of aoy covenant herein contained,
<br />l~e Truslor, its aUCCfJsaor$ and assigns.. shall peaseas and enjoy the property, an(!
<br />f9C:efWl the t&l'lts and prollts theretrom. Upon payment of all suma aeculltd by this
<br />T/".Jfll Deed, Bbf\eflClary shall r<<tuest trustee to reconvey the property and shall
<br /><5urrandet this Trust Oqd and all not~ evidencing Indebtednesa hCur80 by thla
<br />Tlu$t 0Eted to Trtls1&tt. TrulJtee shall reconvey itwt oroperty without lYarr.nty and
<br />without chafQ6 10 'hoft c-enoons legally entltled tnereto. The Grantee In any
<br />recoo'tty'&rn:'l!I ml\J oe oe,cflb6d j./> -'the p/;'llson Of persons entitled thereto," and
<br />thtJ tl!tCilol$ therein 01 J1ny m.!lll~mi or facta "hall b. conclu$lve proof of the
<br />lfUthhtlnsss Ihtueof, Such p&'Son or P9t&ONJ atlali PitY all costs of recordinG. If any.
<br />
<br />2S ~Uon m u. EMnI or Tra..,.,.. fn the e'flWlt the 1111. to Mid re.l estate Is
<br />!taM-tarroct. Of eontr..:ltld to ~ transfefft;O, tfQll1lhe ..nd9rSl~ for any reuon Of
<br />by any melhod whatsOlll'V&!. lhe enl!re prlnclpai sum snd accrued Inter"t shan at
<br />onc~ beCo~ au.. all<J paja:J.!a ..llhiS '!l'lectiof't of !tle Beneficiary, Failure to ellerCl'.
<br />tl'!l$ QpHQn b4c.au86 o~ !faflf\!oJ.\f [Ii Hlle ft.$. abov~ slatea In one inst.ntl' shall "at
<br />co1"lstnute a waive' 01 t~ ngrn 10 e:"fH<':lse lhe same In ths-ev1tll1 of any Subsequent
<br />transfer
<br />
<br />ze. Th~~ot H:l,ist I. !Uft!G! {",on. u.ted __. ~....._._...~.,_._.~_.._.._.~__.
<br />
<br />..acuttld by t '\I.lor ~o fro.,...
<br />
<br />MCutlng iii pn~jpal <wI. for
<br />
<br />DoU.,.,aMi h~ f\X l"$t:i)I'Q wit!) tttIt R$gISI.r Of O",,_.Od W.l'Illt~ .. toliOwll.
<br />
|