|
<br />--.
<br />
<br />83-005281
<br />
<br />and, without demand, shall be JmrMdla'ely due and payabl(>< by Trusfor aod shall
<br />bear Interest at fhe mlX~m aHow.able!eoal rale, provided, howlJvar. that iIIt Ifle
<br />opllon of Benefk:lary ot TnJs1ee such sums may be added to the princlpal balance
<br />or any Indebtedl'!eS$ seclJr~ hcHl';I'oy and shalt bear the same int(tr~st as such
<br />Indebtedness and shall be payable. fatably O'IfJt tM remaining term thereof
<br />
<br />r
<br />
<br />10. AsaIgnl'Mnt of 1IMntt. BtlIneficlary shall ha'le the rig-hi, power end authority
<br />durIng the contlnoanee JOf this Trust De&d to collect the mnts, IUU8S and profits 01
<br />the Property and of any ~nal properly localed ltler6"Jn with or withOlJllaking
<br />pouesslon Of the p~ny affected hereby. ant1 T malO!' hereby ab~ojuiely and
<br />uncof'tdltlonafty assigns all such renls, IS5Ues am:! prO!!ts to Ben6'!lcj~ry
<br />Beneflclary, howover, her6'by consents to the Truslor's co!l&etlon and retention at
<br />aueh-rents, iSl'IUH and prollts as they Accrue and beCome payable so long as
<br />Tru&IOf Is not, at SUch times, In default wIth r6s~cl 10 Pllymenl of any
<br />Indebtedness MCw'ed ht'lfeby or In 'the performance 01 al'!Y agreement herevnd"r_
<br />Upon any such det.uf!, BeneflcJary may a1 a~y fime, eIther in pef$O", by agent. or by
<br />. ~f 10 be appointed by a court wlll10ut notice -and wltt10ut regard tQ tM
<br />act.qti.ey of 8ny seeurlly for the indAblednet'lS hereby sacuntd, la! e-nler upon and
<br />take poasesaion of ttle Property or any part thereof, and In Its o.....n name sue Io-r or
<br />othelwlte ooJleot such rflnts, I-UliM alld profits. includIng tho!le past due ana
<br />unp.ld, and apply the sarnA. less costSllnd ftlf:pensel!l 01 oper/!.I!on and collection,
<br />tocfudlng rl!8&Oflable attorney tees, upon any indebledness sacurf.'(j hereby, and In
<br />suon orcler as 8eneflclary may determIne; fb) perlorm SHch Bcts of repa.lr or
<br />protectIon a$ may be ~s-sa1y Of proper to conserve Ihe ..alua ollhe Property: lei
<br />lease the UMe or any part thereof for such rental. lerm. and upon such cr:mdil!ons
<br />.l!I It!l judo-menl may dtctato. Unless Trustor and 6anellclarjl agfee otflerwise In
<br />writing, an)' application of rents. ISliues or p-rolils to any ind6bledness secured
<br />henJby sllall f'IOt elftend Of 1'I00lpone the dV'! dele 01 the installment payments as
<br />provIded in said promis5Ol)' nOle or change ttle amount of such Inslallments. The
<br />entering upon and tailing pOsMssian of 1f1~ Propltrl)'. the coUeelion of such rents,
<br />ia$un.nd profits, and the appUoallon thef~f as aforesaid. shall nOl waive or cure
<br />any default Of notice of defaull h$reund&r, or irwalidate any acl done pursuanl to
<br />such nollce. Trustor .Iso 8!;!:slgns 10 BenenClllrf, ;)S funnar s&;:uritjl for Pie
<br />performance of the obllgalions secured Mraby, 8l! pmpald re-nl$ and aU monIes
<br />which may have *" (}f ma.y hereafter be deposlled witn said T~U510r by any lessee
<br />of the Property, to secl.lr~ the payment Of any l.!"nL and upon defaul1 ill Ihe
<br />performance of any of Ihe prO..I,lons hereof, Truslol agre1!s 10 dell..-er sucl1 renl!>
<br />and depo<s to the ~l,\ficlary. DelivaI)' Of wrl!1811 nolle., of Ihe Bent!ficiary's
<br />e:uncise ot lh& rights granted hliH&h'l:, 10 arty ltmalli OCClJpyinQ: said pr~mlses shall
<br />be lIutf1elenllo r{!Quire said te,nant 10 pay said rentla lne B8nellctaty \lnW further
<br />nollee.
<br />
<br />11. ~......... WIthin 10daylllliUer damand. THlstor shall him/3ft tQ Trustee
<br />a 5Ohedu)e ctlttlf~ 10 be true, settlno fotttl all leli5es of !;pace In 1ha Trust
<br />Ptopef1y then In .Hect. including, in &aCh case, the r.ame ot the tenants and
<br />occupant, a dNCriptlon of lhe s.paC3 oceopled by such tenant eM occupant, the
<br />rental payable I~ such apace ,nd such other Information fl,nd documenls wllh
<br />fftPKitosUCh'.,...andte".ncle5.astheTrtlstMmayrequ811L
<br />Without the ptlor wrttten consent 01 TrushWt, Trostor !lhs!! /101. cH(~tjy Of
<br />IncUrectty, wUh reapeet to any !ejlS8 at apace In !hs described premises, whelher
<br />auch kIeJJe Is now or hereafter in ed.tence; tal accept or pefmit any prflP1Jyment.
<br /><llacount 01 achance tent payabte l!'tereurnt.r. (bl c;J;ncel or ~~rmlnat6 the I>lIme, or
<br />~t any canceU.tkm, lenntnat10n or lIun"enOer tner.aof. or pefm;~ any ",..enl to
<br />0CC1Jt which WOUld an1ltlti the 16uee thefeunder to fftfminllte 0; cancel the same; {cj
<br />amend Of moolty the ..me so u to !educe Ine term the-reol. Ihe fllolal payable
<br />thefeuna., Of to chanoe any nmewaJ Pfovls!Qn, theietn conlalned; !dl waive any
<br />default tMf'eundef Of breach lhereof; iel gj..... any consef\!. waiV6l" or apProval
<br />thefoevnd.- or lake any othef action ,n connection therewith. or with a JaSMl9
<br />thereUnder. which WOl,l!d h.&ve 1M effect 01 Impairing the value olleafior'-s inter...t
<br />l,*"ndW. on tM Prop<<ty auojeCt m.r.10, Of Qllmpalrlng tM CQSitlon or IntfJtPt
<br />of t~ Tfl4tee or s.n.Hdary; or (t) HI!. us!-gn. p1fl(J\Je, mortgaQe 01 olt\etw!se
<br />dlspoHof,Ofancumbel,na jnl.r~t in any IlYct'lI&ilse Of any rentll. iSsvtlS01 protl1s
<br />luuing or .tllllng thfieundef.
<br />
<br />12. CondInINIIiDn..If title 10 any JNlrl of (he Pr~rl., aMI! L\I'l taken m condemnaUon
<br />ptOCMdll1O&. bj right of l!I~t (lomal" ()( almllar actIOn. Or !tha!! 1M IlOId under
<br />fh(Mt of eoodemNlUon, all award.s, datmtoes .nd prOC&tt04 ilIa hetttbv a~icned
<br />and anal) be p.Jd lo ~lelary who shaH &P9Jy SliGh .warda. (jiiJ'f\&oes snd
<br />ptOCeIed.to lhe.sumo HCUteO by the tfU!lt 0etJ0. With (Ile elLC"-SS, II any, paW to tm-
<br />Trustor. TN.lor will PfOtnJ)tIy, and with diJ41 dHlgence. reiHllt, ..ltet and restore the
<br />remalnlnQ part (If the Ttu8~ Prop.rl) 10- ils lormer cOMlUon $Ub.!ltJlfltlllJly to tt\ll
<br />utent that the "me may t)e feasible aM $0 A. to constitute a oomplelf/i ami US.Die
<br />unlt.
<br />
<br />13. FvIwe ~ Upon reQIHll-t 01 truator, e.r..lk:Jal), al &en&fk:i<<ry's OpllCfi,
<br />pOor to recon.vey.~ of the f'fOP$<<)' 10 the Trustor. may make lulUr. aCvaru:N to
<br />IN Tf'UI;tQt". Suet! future advanc8$, wilh ItlllJ1e.at IhenlOn, -Shall be UClJrlKl by tttHf,
<br />TfU*t DMd wh6n ewldeneoJd by promlsSO(y notes ataliflQ that !laid notes are
<br />~ hereby; plOYided that al <lO IlIne s.h;}ll It\(! \WCurod pr.ncips,i, future
<br />advanc.M.. not IncJIJd!ng wma ad...nceo:i to protect the lleCl.lrlt)', OI1l(:etta one
<br />hundred perc.nt \100-%) oJ 1M. ortgll'lill prlTlclpal am;;amts $GoCuled hE.U"ePY
<br />
<br />L
<br />
<br />1... ~ CUIDulau.. Alllemlldfe& pR"o'liJM !fl (1'1.8 Tlust 0Hd ala distinct and
<br />awm.riI.ttve to any othef nQht Oi' r~y under Ihls Trus-t Deed or attoJdOd by law 01
<br />lIqUUy. am IY\al bit HtlfclMO Goncuf,.nUy, ~ntly or sue<:8ui1tt1y
<br />15......~ ......... SaJa. Upon dalaull by TruslOf In the pollyment of an)'
<br />~ ~ Mr_ or In the f*1ormanctl 01 any aglttemen:t twmwnder,
<br />....tk:lary may dOC...I awn. ucurec! '*oby Im.t...odlalely due .~ ~)'able by
<br />~ 10 TNItM of wmt~ ~a,.lloo 01 delautt. The TN.I.. ehall fUtvo tn.
<br />~ of .... Of tM PrOl*1Y &nd If a.n.fictall' duitu the P,DPttW to be sold. It
<br />... ~t wtth TruttM thkt Tfl1*t 0..0 and all j).omiasoty notes and doc:Of1'l61lta
<br />t'ridendftQ expeno~ MCUfed JM;~)'. and shall o-all~ to Tru$IM, " lIflttten
<br />not_ of dthiult and ~ 10 cause tile Plop&rty to tl8 "104d, and the Tr~tee !n
<br />tum....l~.I$JmHat Notice In U'\oe_form reQul1~ by law, whICh ahaU beduiy
<br />fttedlorJWCOrtl;byTnm8lL
<br />ta) """! tht ~ of aueh Um. at may bll"- ,~ by loll..... tollowlng I.tIe !ecord.
<br />atloii of hid now.. 01 defal.itt, alw notice \ aull and notlCfl; of Die I\a..lf\g
<br />~ 91"" all requ.ired by ~aw, Truat-.. 'till' demand on rru:stor, ahall &ell
<br />Ihit Pfopltrty QtI ttMt dat. and al Ir. tlma IlfIv _ -u duiOl'latl!llJ inuld notICe of
<br />MIf., al publtc; ~tiQn to tM hlQhMl blddet, the pu-!C~ t)/1C9 payable In
<br />t.wltd ft'lOl"lfJ of w tntn<<l St..... at the t:me of me. n- ptlt$CfI col~cli~
<br />the __ mI1~ far enr ~ he. dfI!llma ox~t. po$tpone tho we from time
<br />to tJnw-unUt n ,halt bt' comp*~ I.na., hi ~ lMlc.h ~ oo:Uce of poalpooe.
<br />ment.nan be gwen by pvbtJe doeiatatlon thef>JO! by aucli p.er~ at lhe time
<br />ancf ~ LMt. GPOi~ fQf tht MIce; prl'J'l'idiod, 11 the' s.su. i. poetp<<ItICI tor
<br />iMO<< thM: (1): daY ~ lh:8 Oar Nlgn.t~ U; Il"-.e no-tke of &ill_, notlCll!
<br />thiraOf IMIl bit;Mn ItI the M(nt. ~nner u tt. Ofiglt'\al l'IO'll;:e of We.
<br />Tl'Idlflt tlhe!!: -..cua ar'ld O$lh'. to Ihf pvre:n...t hie 0Md con-..-eylng the
<br />~ JQfd. tIu~ .lthQul any ~ Of wallatlty, !):lI.Pf"l, Of Implia4. The
<br />~ In lht 0Md 01 MY ~t\MJ 1)1 ,....(5 th&if 001 cO/I(~h.J.jve proof alln&
<br />~ th4lreot, ArtY P*I'$Ol'!-, il'Klvdi-ng at.n.tk:.1el)', ma.y pufCn.'8 4t lr..!.
<br />-
<br />... ~1MlM:~_ PiN_Wil""..l ~ 1M ~ !\t,re'n, lbe: ltulltH Sh"fl apply 1~
<br />~ altf'\It ~ to ,...~t o.f the c-oa-b I-nd o:pen... of $ltOfe!alng t~
<br />=f=-,~~~~~~:f~':i:~:'~n::'~~
<br />_~Il\~~)lt'lthe~~,fl.t.d
<br />tCJ A_,~_u.n.n.~IM,ln1ll.l~~l.b'itf;'be-.f6i.ttYTrvaJ:".O'
<br />4fw;.....~ WOUMt ~of_ ~~ .tNJ,~ff U~ 1M: 16 pWfI\lI;nt
<br />.w~~IfI4t~~.Ie-.P\lJjf:llflapp.t-it4j:!.(haWdw~.f~
<br />_"~f#;
<br />.. ~(lt_-~Qtilt.~.ojllC(lf\J\4K;til:;..oj."I*HllwenN~.rrd..\1
<br />-~~
<br />$$ A<<~n:.I~,"'!IOr',
<br />~ n.~,,#*Pf.~N~I~l-,~(i!it.C11W"f!1"
<br />
<br />L..
<br />
<br />16_ Outl.. 'M ObUgatlonl 01 Tru.t.., ta) The dullel and oDtlg.t(ons 01 Truetee
<br />shall be determif1lld solery b)' the 6ltpr&S' provision, 01 toe Trust Deed end Trusfee'"
<br />e!all not be liable elf:o.lpt to! ttle ptlrformance of $ueh duties and obllgatf6nslU are
<br />st)eclflcaUy Mlt forth hereIn, and no Impllecl covenants Of obllgatlona shall be
<br />Imposed upon TW5Ie";!; (oj No provision of lIils Trust Deed ehaU require Trustee to
<br />e)lp,,"d or risk hIs own funds, or otherwise IncUf any financial obligation In the
<br />performance of any of lis dutles hflofllUndfr, or In the exercIse of .nyof Ita rtght Of
<br />powet$, If 11 ahal! have grounds for believing that the repayment of stich funds or
<br />adequate Indemnity agaInst such risk or liability Is not reasonably ..'ured to It; (c)
<br />Trustu may cont;ult wIth cour.sei ot tds own Choosing and the advice of -sue"
<br />couM;ellthall be full and complete authorlzatfon and protection In 11Wt respect 'of
<br />any action taken or !lufler91 by It hereunder in good faith and re!lance thereon; (d)
<br />Trustee shall not be /lable for !toy action tahn by him In Oood ftlith and
<br />believed by hIm 10 be authorized or wIthin the discretion or rights of POW8r$
<br />conferred upon It by 11\18 Trust Deed,
<br />
<br />17. Addltlonat Slleut1ty In.trumentt. Truslor, sIlts e.pen.se, will ex:ecute and deliver
<br />to IhfI Trustee, promptly upon demand, such security loe1tulner)t-S '0 may be
<br />required by Tr115100, In form and substance ."lIefactory to Trustee, OO'tertng any of
<br />ttle Property conveyed by this Trust 0tt00, whIch security lnatrumltflta I:>hall be
<br />additional securlty lor Trustors 'althful perfo;omance of all of th. term.t, Covenants
<br />and condftlOna of thIS Trust Deed, the promissory notea: MCUred hereby, -and any
<br />other security Inlltrument.s execuled In conn&ctlon with this tran..otlon. Such
<br />Instrumttnts shall be recorded or flied, and re.rttCorded and reflled, .t Trustor'.
<br />",.pense
<br />
<br />16, Ml~tlllneous,
<br />(a) In the event any Qne or morl) of Ihe provlsJone contained In this Trust Deed Of
<br />the promlnoty note or any other securii}' Instrument gIven In connection with
<br />thIs transaction snaH fOf any reasol'! be held to be In~lId, Illegal. or
<br />UMnforceable In any respect, such Ir'iV-aUdlty, illegality, or unenlorceablllty
<br />stlall, aT thit oplion of Benelldoty, not affect any other provlalOn of thll Truet
<br />Daed, hut Ihls Trusl O$ed shall ba conatrued- ae If lluch Invalid, Illegal, or
<br />unenforceable provIsion had nElwer been contained tlerein or therein.
<br />(bj This TruSl ~ !lhall be COnl'ltrued according to lhe laws 01 the State 01
<br />Nebraska
<br />Ie, This Trust D&ed shall lnure 10 and bind the hairs, legstMll, devlnes.
<br />administrators, 8>:eCl.ltors. SUCC81l$Ors and anions of the pattlea hereto.
<br />{a) Trustor shall pay ell taxes le..led upon this Trust Deed Of the debt secured
<br />flereby, tOQ-ether with any otnar taxes or llS!le$t!lmente which may be ~vled
<br />;;;~ahisI1t:a Trustse or Benetlclary Of the legal holder of said promissory note
<br />on account of the IndeOhldneB& evidenced thereby.
<br />(el Whenever used herein, the alngular number shaH Include the plural, the
<br />singular, the use ot any -gender shall De applicable to all gendera, and the term
<br />"BenefIcIary.. snllH include any payee of tile lndebtudnes. hereby secured or
<br />3:ny transfer tNtraof, wtl$ther by Qperatlon of law or otherwise.
<br />
<br />19. SUcctt..or Tru."', Benellclary may from time 10 tIme substitute a 8UCceuor or
<br />succesaors to any Truslee flamed herein or actIng hereunder to e)(ecute thla Truet
<br />DMd. Upon such appoIntment and wIthout conveya.nce to the succeasor Truetes,
<br />the lallef eltali be west6d with ail title, power., and duties conf.rred upon any
<br />frU!llee herein fllmed or aCting hereunder. Eech such appointment and
<br />S!J~Uiu-tl"n !:Ihult be made by wrItten Instrument by Benetlcl&f)', contaln)ng
<br />reference to tnl$ Trusl Deed and its pl.ce 01 record, which when tecorded In the
<br />office oj It',,, Regi.t" of O""s of the coont)' or counties In which said property Ie
<br />!Iltualed anaU be cMc!usive proof of proper appointment of the euccneor Trust_.
<br />The ioftoQolng flower Of I!lubstltullon and tM procedure theteforo ahall not be
<br />tlxclullve of Ihe power and prooeduf8 prol(id8d IOf by law for the substitution of a
<br />Trustee or Trustees If'! the place olttls Truslee.
<br />
<br />20, FOfbMf.nca by s....llcl.ry or t""t.. Not . Waiver. Any forebearanee by
<br />Ben~lClary or Trustttll il\ eX&lClslng any right or remedy hereunder, Of othetw)ee
<br />allorded by applleable law, shall not be a walv&/" 01 or prttClude the e.lJ[elae 01 any
<br />right or renwdy hel&ufldof. i.!k8wlse, the waiver by BenaUcla!)' or Trustee 01 an)'
<br />ckIfllUlt /)f Trufllor under this Trust Deed shall not be deemed 10 be . waiver of any
<br />cH;er or 8ilTllla. <Jefauib ~lUb"equentl)f occurring.
<br />
<br />21. Tn.-lOt Not R....Md. Extension of the time for payment or modUlcatlon (}f
<br />amortizetlon -ollhe fiums $6Cured Dy this Trust De8I:J granted by Benellclary to any
<br />.wcoe5&01 In Interest of Truslor shall not operate 10 release, In any manner. the
<br />liability of ltlft orIginal Trus!or or Trus(or'", successor In Int.real. Beneflcllt!)' shan
<br />flol be roqull&d 10 commence proceedinQ& against such lJuccenor or rsluae to
<br />&dOM llme lor pllyrnlisnt {)f Qthtir.....'~& moolfy amort~utloo of the $UlTiS secured b)f
<br />Ihls Trus: Deed by 164l.aQn of an'; demand made by the original Trustor and Trustor'a
<br />$tJcce$$or. jn lnters,,!.
<br />
<br />22. o.t.ult.lf lhell!! sha!! 00 a uefault Ufi(1er thlll 0600 of Trust or under any prior
<br />mortllagfl, the Benellcia.ry may J::Uft> such detault and Ihe amounts advanced by,
<br />ems .other OO-'IS and &If:penael> of 1M ber\ilflclary In curing such delault, with
<br />Int8rl!st al th. default r~te contafnlld In IIla Note secured hereby !rom the time 01
<br />the advancea or payments llhaJi be adead fo the Indebtedness 8t}l;Uttld by this Trusl
<br />Oeed IInd mill)' be coHecl1X! hl!uel.Jl'ldtH at any lime aftllr Ihe lime of such advances
<br />or payments and shall b'e deemed to be &e(lured h~eby.
<br />
<br />23. OpUon to F~, Upon the occuranee 01 any :leiauil hereund&l', 8en.lIclary
<br />shall have theopt!on to forecl03e Ihls T1\,l3t Dead In the manner provided by law for
<br />the 1oleclO$ute of mortgages on flaal property.
<br />
<br />2.4. Tru.tor"a R~tt.. ~.nt o.tal.llL Until any default In the payment 01
<br />il'ldtcledness heleoy Sfculed or :.lntH too tlr6l;ch of any cO'lanant herein contalnecl,
<br />the TruGlot, II' $Uc,;;e-s,ors lInd a5slgrt;s, :shaH PQsses!!. and "nJo)' the property, and
<br />receive the refits and p/Omll therefrom. Upon pay~nt of all eums $ecured by 1hla
<br />Trust 0eBd, Beoe!lcJary shall rsQue$.1 TrtJ~tee to r8CQnvey the property and shall
<br />a\Juender Ihls ,. rust Deed ~nd aJl nol( Itvldenc!ng Indebtedneu #8Cured by thlo
<br />TruM De&d I.,. l"r'JSlfl6, TruB.!OO ahal! r&;:onv~y the prcperty wlil'lout warranty and
<br />w~thoiJt crnt,fl1e to 1!'Ie Pilf&ons 19oslly vfllltled d14feto. The Grantee 11'1 any
<br />rl\lCCn'ieyance may 0":'1 de&Crlbet:l all ..the p$180ll {)f personlS 8mltled thereto," and
<br />'/'l~ fecltallS tMieln 01 arty matt,""$. Of lactll mal! be ~.onclualve prool of Iile-
<br />lro-thfu!nau the<601. Such psfwn 0.1 per&Qns s.Mil Pol}' all COltls of fecordlnt;l,11 any.
<br />
<br />~. ~.tfOtlln tM Ey.nt of Tranaf.r-. in tna 6'ft;nt the tItle to said leal eatate Is
<br />!r~t8rrud, Ot cont.acted \-0- b\t tr~n$!!Sfred. h<>m the I.Indera-lgned for any reUon or
<br />by an)' methOd \llJh.atSOElW#, :tlS &ntlf6 "dIlC!pal sum ilrn1 aecru"",, !nte-raet shalt al
<br />WOCS beco1'1$d!.J" and pa,ablll-il.1 Inti. $!9Cllon olll"le a.neflcla'Y_ Failure to exerclft
<br />lhla optiOf\ becllU!l'e of lra;").!tl~ Of !ilie liS a:ro..e :stillted In 01\8 Inslllnce ahllll not
<br />consHlvte a wJtlvtlr of tl'P$- rl!,JtlI to Ii!)"QfCiJi.e the ume j(llh<< e",sntol any subseQuent
<br />tT"liJ\:J'\lf
<br />
<br />211. nm deed of 1(\I;&t ~ lurllor 10 OMualed _~_:-.!. 2-8~__"____--,
<br />
<br />P,*Cu-l:w- oy itl.>1:lI-;,r Ie _ .-!.Q.~__~-.-! ._~QLF ~ ~._____.__,___~ TMltee,
<br />
<br />
<br />MW(I~. pflt\Cipa( 001.101 .~'" JQ..1g"2~__~~2~.
<br />
<br />Ool~ and R~ 101 t~QIQ ..-.!n 1M A$glsler o-f 0K<1t alld :dentl11ed.. folloW.,
<br />
<br />DOC. NO. 82-001098
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