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<br />83- 005372
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<br />and, wllhout demand, shall be immediately dl.le and payable by TruslOr and ~haJt
<br />bear Interest at the maximum allowable legal rate; provided, however, lhal at the
<br />apllon of BenefIciary or Trustee such sums may be added to the principal balance
<br />of any Indebtedness secured hereby and Shall bear lhe same interil'3t as such
<br />Indebtedness and shall be payable n.iab1yover the remain'ng terrn IMreol
<br />
<br />r
<br />
<br />10, A..lQnmtnl of R.nts. Beneficiary shaH have the right, power and authority
<br />during 'lheconlinusnce Jol this Trus! Deed 10 collect the rents, Issues !!nd pronls of
<br />the Property and of any personal property located fhereon with Of without taldnQ
<br />possession of Ihe property affected hereby, and Trustor hereby absolutely and
<br />unconditionally assigns all such rents, issues and profits to Beneficiary
<br />Beneficiary, howaver, hereby consents to the Truslor's conaclion and relentlon Of
<br />such rents, Issues and profits as they accrue and become payable so long as
<br />Trustor Is not, al such times, In defaull with respecl 10 payment of any
<br />Indebtedness secured hereby or In the performance of any agreement hereunder.
<br />Upon any such default, Beneficiary may at any time, eilher In person, by agent. or by
<br />a receiver to be appointed by a court, without notice and Without regard to the
<br />adequacy of any securIty for the Indebtedness hereby secured. (a) enler upon and
<br />take possession of the Property or any part thereof, and in ils own name sue for Of
<br />otherwise collect such rents, Issues and profits. IOcludlng Ihose past due and
<br />unpaId, and apply the same. less cosls and expenses 01 operation and collect!on.
<br />Including reasonable attorney fees, upon any indebtedness secured hereby, and in
<br />such order as Beneficiary may determine; (0) perform such llCls ot repair or
<br />protection as may be necessary or proper 10 conserve the value ot lhe Property; (el
<br />lease the same or aoy part thereof for soch renta!. lerm, and upon such condlllons
<br />as Its judgement may dictate Unless Truslor and Beneficiary agree otherwise in
<br />wrIting, any appHcaUon 01 rents, issues or profits to any Indebtf!dness secured
<br />hereby shall not e:w:tend or postpone the due date of the installment paymenlS as
<br />provided In saId promissory note or change the amount ot such instf.lUmenls The
<br />entering upon and laJ<;ing possessIon 01 Ine Property, Ihe collection of such rents,
<br />Issues and proflls', and t/'le application thereof 3S aforesaid shall not waille or cure
<br />any default or notice of default hereunder, 01" ilwalidale- af'y act done pursuant to
<br />such notlce_ Trustor also a~19ns to Beneflciary. as further security for the
<br />performance of the obligallo/'ls secured hereby. all orepaid rents and all monies
<br />which may /'lave been or may hereafter be deposHed with said Truslor by any lessee
<br />of the Property. 10 secure the payment of any rent and upon defaull m th9
<br />performance of any of Ihe proviSIOns hereOf. Trustor agrees to dettver $ucn renlS
<br />and deposits to the BenefiCiary, Delivery of wntten notice 01 Ins Beneflciary's
<br />e:w:erclse 01 the rights granted herein. to al1\1lenan1 occupying said premises shail
<br />be sufficient to require said tenant 10 pay said renl 10 Ihe BenellCi31v unW further
<br />notice.
<br />
<br />11. l..1Nd Preml.... Within 10 days. aUer demand. Trustor shall furniSh to Trustoo
<br />a schedule certified to be true, selUng forth ail leases 01 space in Ihe Trust
<br />Property then In elleet, Including, In each case. the name of t11e tenants and
<br />occupants, a descrtptlon of too space occupIed by such tenant and occupant, tl'1e
<br />rental payable for such space and such othar Information and documents wllh
<br />respect 10 such leases and tenancIes as the Trustee may requesl
<br />
<br />Without the prior wri<<en consent of Trustee. Trustor shall not. oirecHy or
<br />Indirectly, with rMlpeet to any lease of space In the describetl premIses, whether
<br />such lease Is now or hereafter In s:w:lstence; (a) accept or permIt any prepayment,
<br />discount or advance rent payable thereunder; (b) cancel or terminate tt1e same. O'
<br />accept any cancellation, terminatlon or surrender thereof. or permit .!lny event to
<br />occur which would entitle the lessee thereunder !O terminale Cf cancel tne same; Icl
<br />amend or modify the Same so 85 to reduce ihe term mereol, the rental payable
<br />thereunder, or to change sny renewal prolllslone therein contaIned, (d) waive any
<br />default thltteonder or breach ther80l: (e) give any consen!. waiver or aopro..-al
<br />thereunder Of lake any other action In connection therewtth, or with a lessoo
<br />thereunder, whh=h would have the effect 01 Impairing the value ot lessor's interest
<br />tllefeunder, on th. Property subject thertlto, or 01 impe;irlr.g tilt! position or Interest
<br />of the Trustee or Beneficiary; or (I) sell. assign, pledge. 11'0rtgage or ot!lerwISE!
<br />dl$pOHOf, or encumber, Its Interest In any such leasa or any rents. Issues or profits
<br />Issuing or arising theraunaer.
<br />
<br />12. CondlNnMUon. If U1le toany part of the Property Stlall be la~9n tI1 condemnation
<br />proceedings, by right 01 eminent domain or slmHar aCllon, (lr shall be sold under
<br />thr88t of condemnalion, ail awards, damages and pr<x;elKls lire hereby as:lIlgn&d
<br />and shall be paid to Beneficiary who shall apply such awards, damal1tl5 and
<br />proceeds to 1M sums S8Cured by the Trust Deed, with the e.>lcess, if any. p~:hd to tne
<br />Trustor. Trustor wIll promptly, and wItt! due diligence, r@palr. a!!er and festore the
<br />remaining pan of the Trust propotrty to tts former conaillon substantlally 10 the
<br />edent tlmt the same may be lea sIble and so as to consttlule a complete and usable
<br />unit.
<br />
<br />13. F~Actnnce&. Upon request of TrU3tOf, Benellclary, OIt BeneficIary's opllon.
<br />prior to reconveyance of the Property to the Trustor. 'nay mal<.e futUHi B.ullanCes to
<br />the Trustor. Such future advances, wllh inleresl thereOn, shall be secured b~' thiS
<br />Trust Deed when evidenced Oy pfomlssol) notes staliflg that said notes are
<br />secured hartlby; prolfldOO that at no llmot shaJj Ihe seculed prirU:;lplll. futur"
<br />advancea, not Including sums adlfar'lc&d to plOlect the >ltiCurll)'. o)l<CiltliJ one
<br />hundred petC&nt{100%.1 01 the tlrlginal prlnclpai it.mounts 1>ecurM heftley
<br />
<br />t.. RMftldln. CUImI"UK. All ..,meal.!!. plOvlced In Ihls lrUSI Dead ala dlsllllCl anu
<br />cumulaU'Ie 10 an)' other right or remedy under Inls T!u~t Deed or altoloed by Jawor
<br />eqUity, and may beaxerclsed concurfentl~, Independently Of successively.
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<br />15. ~tton; RerrMdIM; s.&II. Upon delault by Trustor In the payment of any
<br />IndebtedMiss secured hereby or In !tte parformance 01 an)' agroomenl hereunder,
<br />8entIflClary may declate all Bums secured hereby Jmmedialely due and payable b'(
<br />delivery to Trua,lee 01 written declaration of delaull. The Trustee shalt ha.." Ihe
<br />power of ule of the Property and If Beneficiary daslres Um Property to bG sold, It
<br />shall deposit with Trustee this Trust Deed and all promissory notes and documents
<br />evidencing expenditures secured hereby. and shall dellller to TruSlea, a wlilten
<br />no~ of default and election to cswse the Property to be sold, and the Trustee In
<br />turn ahail prepare. similar Notice in !ha form required by law, which shail be duly
<br />flledforrocOfd byTrustetl.
<br />
<br />(a) Aft.r the lapse of such time as may be required by Ill\lli following the record.
<br />aUQn of aald notice of default, llnd Mlie& of default and notice 01 sale hs..tng
<br />ban given as reQuIred by taw, Trustfle, withoul damand on Trustor, shall seil
<br />the Property on the date!Uld a1 the lime ana place designated in saio notice of
<br />Hie. at public auction to the hlghasl bldd6t, the purchase price pa.yable In
<br />lawful money of the United Slatl1s at the time of sahl, Thfl pOI,on <.:ondul;Unij
<br />the sato may, lor any C6U,", h-e deems ellpedlenl, postpO!'lfl the Sille 110m time
<br />to time untJllt shall be comploted and, in every sucr. case, notlC&- of pO$tpone.
<br />menl ahall be given by public declaration thtlfElOf by such parson at the time
<br />and place I",t appointed fot the $3;$; prOl(ldoo, !f Ihe sale Is pOIHponed lor
<br />longer than (1) day beyoi'ld the day dea!gnatsd In th$ notice ot sate., notice
<br />thtreof oflalJ be given In the sam. manner as Itw origInal notice of sale.
<br />
<br />Tru$t.. &~l executa tano deUvDr to the pureha:UH his Deed con~eying the
<br />Property sold, t>ut without any cQve-nant or warranty, e.xpren, or Impl1ed. The
<br />reclW. In In. Deed of any maUen or 'acta shall ba corn::lusl'l'6 proof of the
<br />trutl\fulnen Ihef1oOl. My person. IrlCllJding BenefIciary, mAy purt;hue al the
<br />..,..
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<br />(b) Wl'Itn Trust$9 r.&1I. putsuant to tho POW&Js Mrefn, tnit Trustee Shall apply (he
<br />O~ 01 ttle saJa to payment 01 tl'l8- 1;08t$ .00 e.1.pen,es of eJ(Qrclsing the
<br />
<br />=~~~~(l~:n~: I~~.~':; 1~_~I.~~~~__~~7:~ :~l~n;rl~:~~:.:h=~~~
<br />thllltllft\a !tIllub~-agtaph (OllA in. orner thO-re lli.t.,d
<br />W _iter ~ylng tl'\alltern_ 1I~IHod In .uhparaQI~h (b) I! the i'l.alo i$ by 1"nu\!\W, 0'
<br />~ ~ court and otNH' COS1'S 01 IOt-&cIo'l.Itfll l\nd ul~ 11 tht' sllla is .1l.H&1Jam
<br />to tudlClI.! fOr.c!06\1f_, Tn. proo,""s -of 1jll!e mall ti-o .pp~led in lha md(tl' !lla-ted
<br />to thtl paymtfl! ot
<br />(tj Co$t 0' -af'fYeYio.!'\C8 t}t title olQt.vrltl<i ifl- COf!M!(j1>;)r\ Wi!t~ ll~irh- II"!!' -Ill"':! ,;1
<br />&IIy I'&flInue aampll;
<br />(It) AU."mJ ~~ ~.,c,...,~ hftat!y
<br />ftU) TM rtm>A'~, !I.ny. M th" OI;I'~<1-fj ,r,goIU,y ..flt1i~ '!->!I,atl!
<br />
<br />I
<br />
<br />16 Outlea and ObtIQlItlona of Trust". (al Ttle duties and obllgallons 01 Trustee
<br />shall be determined $olery by tM e:.press provIsions ollhe Trus! Deed and Trustee
<br />shelt I10t 00 liable ercept for the pe-rformance o! !Iuch duties IJWtd obUgat"tlms as are
<br />spec!l!cally sa! lorth herelll, <II1d no lmplted covenants or obllgaUons shall be
<br />Jmposod upOr" Truslee; (b) No provislon ot this Trust Deed shell require Trustee to
<br />e:w:ptJnd or rIsk his OWfl lunds, or otMrwlse Incur any financial obligation in the
<br />petfo/Tllance of any of Its dutl6S hereunder, or in 1M eX81"clse of any of Its right or
<br />powef'S, if It shalt have qrour.ds for believing that the repayment of such funds or
<br />adequate Indemnlly against such risk or liability Is not reasonably assured to It; (e)
<br />Trustee may r-o!1sult wlfh counsel of hla own choosing and the advice of such
<br />counsel shan be lull ilnd complete aultlOrlzatlon and protection In the respect of
<br />any action taken or suffered by it h(loH!l.lnder In good laith and rellenee thereon; (d)
<br />Trustee shaH not be liable for any action !aMt1 by him in gOOd faith and
<br />believed by him to be authorized or wflhln the dlscretlon or rights of powers
<br />conferred upon H by th,s Tru!!It Deed
<br />
<br />17. Addltlon.1 s.eurityln.tm~t.. Trustor, at Its expense, will e:w:ectste and deliver
<br />to the Trustetl. promptly upon demand, such security Instruments as may be
<br />required by Trtlstee.ln form and substance satisfactory to Trustee, eOllsrlng any of
<br />the Pro~9rty conveyed by thIs Trust Dged, which security Instruments shall be
<br />addltfonal security for Trustor's faithful performance of all of lhe terms covenants
<br />and conditions of this TlUet Deed, the promissory notes secured hereby, .nd any
<br />olher securIty instruments e:w:ecuted In connection with this transaction, SUCh
<br />Inslrumenls shalt be ,ecorded Of Wed, and re-recorded and reflled, at TrustO('s
<br />expense.
<br />
<br />18. MI.~lI.MOU..
<br />
<br />(a) !n the ellent anyone or more 01 the provlalona contained In this Trust Deed or
<br />the promissory note or any other sElcurlly Instrument given In connection with
<br />lhls transaction shall for any reason be held to be InvaUd, Illegal or
<br />unenlorcEtablil' In any respect, such Inv.mHdlty, Ilfegallty, or unentorcublllty
<br />shaH, at In6 option of Benatlclary, not affect any other provision of this Trust
<br />Deed. but this Trust Deed shall be conatrua-d as If such Invalid, lUegal, or
<br />unentorceable provision had neller been contained herein or therein,
<br />
<br />ib) This Trust Deed shall be construed according to the laws 01 the State- of
<br />NebraSka
<br />
<br />Ie) This Trusl D6Eld shall 1l1ura to and bind the helr8, legatees, devIsees.
<br />administrators, executors, successors and asslgnl!l of the parties hereto.
<br />
<br />!dl Trustor shalt pay all ta:w:e5 lavied upon this Trust Deed or the debt secured
<br />hareDy, togath&r with any othtir laKes or assessments which may be levied
<br />against the Trustee Of Beneficiary or the legal holder of said promissory note
<br />on aCCQun: 01 tha Indeb!edlHHHI evIdenCed thereby.
<br />
<br />1e) Whenever U!OO herein; tne sIngular number shalf Include the plural, the
<br />singular. th& use 01 any gender shail be appltcable 10 all genders, and the term
<br />'Beneflclal)''' ,hall Include any payee althe Indebtedness hereby secured or
<br />any tr3l\sfe' thereof. whether by oparallon of law or olherwlse.
<br />
<br />19, SUCCtl..or Trult... Benetlcuny may lrom lime to lime substitute a successor or
<br />successors to any TrU~I{l6 nam6d nerein or acting hereunder to execute thla Trust
<br />Deed_ LJpon such appointlTlant and wlthou! conlleyance to the successor Trustee,
<br />the laltsr shall btt v6sh,d WIth all tI!le, powers. and duties confarred upon any
<br />Tn.!slee htlrein nurned or actlOg hereunder. Eaen such appointment and
<br />sUbstllutlOn shall ba made by wnnen Instrument by Beneficiary, cont.lnlng
<br />reference to thl, Trust Deed and liS piac6 01 record, whiCh when recorded In the
<br />o/flce of the Regletar 01 Deeds 01 tog coun:y 01 counties In whloh'aald property' Is
<br />situated ~hal/ be conclUSIve proof 01 proper appoIntment of the aucceseor Truat".
<br />The foregoing pow;!r oj substitution and the procedure therefore shall not be
<br />"'.>lcluslve ot the power ar>ct prOC6dure provided for by law for tha substitution of a
<br />Trustee or Trusleeslu the plaCe ollh/} Trustee.
<br />
<br />20. FQfb<ta~nee by 8.lMflclary or Tm.t.. Not. WalMl. Any fORlbearance by
<br />Benellclary or Tru!.te& In @xerclslng any right or remsdy hereunder. or otherwise
<br />sllQfded by allpilcatlialaw, ShaH not be Q walllet 01 or preclude the 6)(erclse of any
<br />rIght or rsnlOtdy hera'lndur. Llllewlse, the waIver by Boneflclary or Trustee of any
<br />detault of TruslOI IIndar this Trusl Deed shall not be deem&d to be a waiver 01 any
<br />othlll Of simillif G<3tautts !lubsequenlly occurring
<br />
<br />21. Tru.tor Not R.l....d. Extanslon 01 the time for payment or modlflc.Uon or
<br />amorU;rallon of the sums sQ(;ured by thIs Trust DooIJ granted by BenefIcIary to any
<br />succ..ssor in InterflSI ot TruSlor shail nOl operat\) to retease, in any manner, the
<br />iiabilHy oltha original Truslm or T't,lstol's s.uccessor in intereSt. 8enellelary shall
<br />nol be reQuired 10 commence procetldlngs against 9uch successor or refuse to
<br />e:w:lend tIme 10' paymenl Of oH103rWlstl modUy Ilmortll.atlon of the sums secured by
<br />Ihls TrUlll Dead lJy reason 01 al'i' dO'llano made by the origInal Trustor and Trustor's
<br />S-Ucc6asorsin InlerO!l1.
<br />
<br />22, o.t.ull. l1tM,e shall on a delault undar thill Deed of Trust or under any prior
<br />mollgaga, the B;Jnuflclsfy may CUll:! such del au It, and the amounts advanced by,
<br />and olher :;csts and expelllltlS of Ihe btlneticiary In curlng such default, with
<br />interest at the dtlfau1t rata contQlned In the Nota secured heteby from the time 01
<br />the advances or payments 8hall be added 10 thf:1 Indebteones9 secured by thIs Trusl
<br />DMd and may bt; collect"a ntHeunder at any time after the time of such advances
<br />or p8)'ltlants aDd shall 00 dl)(\fflflC to oe seculed htueby.
<br />
<br />23. Option to F~(o... Upon tho occuran-ce 01 any detaull hereunder. Beneliciiuy
<br />shall halle the option to foreclose this Tllr$\ Dead in the manner provided by law for
<br />Ihe !oraCIOSua, oi mortgiiQe:; on real propurty
<br />
<br />2'4. Tn..tora Rleht.. Aba.nt o.!ault. UnW any default In Ihe payment of
<br />lndabledness hllreby secured or unWlha breach 01 any covenant hereIn contained,
<br />Ihe Trustor, its $UCCaSS01S and a:S:ilgM, shall possess and enjoy Ihe property, and
<br />rece;"e the rMts and plOl!ts theralrom, Upon payment of all sums secured by this
<br />Trust D-ttEtd, B-I!H161!clary shall reQuest Trusle6 to recon~8Y the property and shalt
<br />surrandtH this Trust Deed and ail notes evidencing Indebtedness eecured by this
<br />frust Otted to Truslee. Tfu'$tee s~aa reconvey the property wIthout warranty and
<br />without charlJ-t'l iQ tr,e persons iflgally Glltltled therelo. The Glanlee in any
<br />ra.cOfweyaO('e may tw ditllGricai.! aB 'the pi}{SOTl or persons entitled thoteto," and
<br />tll& recilals therein of any r,"!aHerS or facts shall be conclusIve proof 01 the
<br />trull'lfulneS5 th!j-9()1 S....er, pars<j" 01 per~0t1S shall pay all costs of recording, If any.
<br />
<br />25. AecelelaUtm In Ih. E..nt of Tr.n#ler. t" the e\'enl the tIlle to sard real estl\le IS
<br />trlinsferrod. or Cvnlll?clod 10 be lq'l.l>,rprr"d. 110m !nl8 lJ!'lderslQned ror any r&ason or
<br />by any methoQ wMatsotwer. U1~ en\lfu prIncipal sum ilnd accrued interest shall at
<br />onctll>e.::t'rlltl dUll and Da:ri<OIO lit ~rl(o ~tlilctlon of Ih6 Beneficiary. Failure to e.>lerclse
<br />thIs optic" l)"C3W,:>U vI \~;:nll!e' (;1 (,liB as aOO~(l statad in one instance shall not
<br />constitute Ii ....9,I'.af of 111\t dgM 10 e~~r'Vlse lhtl $am6 in the event of any !lUbsequfin!
<br />Iran$lar
<br />
<br />18. ThhlOlMO Ot;f\Ji$:l 'lliul1,tH \C(Hl(lod.led _______ !:'ll~______._..~
<br />
<br />....eeut80 b)' l'u,tcr te __ _ Trl.l8t..,
<br />
<br />...-::~nnl,l II p-l"lr>e,plli' nottllor
<br />
<br />()(:<lhlir~ l!.1'\! W$<.l 10: il'K<J'(! "",1'., (roil' f'1€il'.1'" 01 !,)~ll.no tQefltllled aslollowlI:
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