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<br />83---. 006184 <br /> <br />and, without demand, shalt be Immediately due and payable by Trustor <'loo sl'1aH <br />bHr IntllJfeet allhe ma~jmur'n a!lowabte Ifl(j;9! rate; provided, howflV9r, Ihat at the <br />option of Beneticlary or Trustee SUCh sums may be added to me principal balance <br />ot any Indebtedness secured hereby and shaH bell' tt>!:l same intereSI as suet! <br />Indtlbtedne9s 3no $hafl he pltyabl~ ratably over the remaining term Ihereo! <br /> <br />10. u."nment of n.nta. BarHI:lclarv shaH havl!- ine rlgh!. power' and #Iu!hnrlty <br />durlng the conllnuance Jof this Trust Deed to con~t the fen!S, issues end protlts 0' <br />tM Property and of any per$onal property 10calOO thereon with O' without !Qklng <br />posaess!on of the- property affected htlreby, 81".d Trustor heraby absolUtely and <br />unconcflllonafly a5!llgns aU sl.l<:h renls, Issues and pro!its to Benellciary <br />Beneficiary, howe'ter. hereby consents to the Truslor's cc!lecltt~n 8f1d relenHOf1 of <br />such f'8nt$, issue!; and protns &s they accrue Ilnd become payable $0 long as <br />Trustor Is not. ilt "Ilouch Hm&$, !f'1 default wlltl respect 10 payment of any <br />indebtedn"s "cured hereby.or in the perlormance of any agreemenl MreundSf <br />Upon any such default. SeMficlary may at any lime. eilherln person. by agent. orb)' <br />B receiver to M appointed by a COUr!, without "''Jtice /lnd wlthc-u\ regard to the <br />adequacy 0; any seeurlty for lhe Indebtednes5 hereby secured, hll eolm up"n and <br />take pQSsltSl!don of Ihe Property or any part lherflot, and !II Its own <"!ame sue lor or <br />otherwltle collect such rents, Issues and prot,ls, lfl!Oluding those past -due and <br />unpaid, and apply the same, less c~sts aNI ~xpanses of OP6tlltJOt'l and <:ollect!ot'l. <br />IncludIng reasonable attorney fees, upon any Indebledn.ess secured hereby, and \'1 <br />such order as BenefJciary may determine; {ol perform suc~ acts of repa~r 0' <br />protection all may b& ~~S8ry or propt-r In conserve 1M value of Ihf! Pro~rt}': Ie) <br />lease the 58m$ or any par1lt1ereof fer suet> rental. term, and upon sue'" condllions <br />as -Its judgement may dlctate_ Unless Tru!too lind &nelldotry ;'loretl olherwlse In <br />wrftlng. any applieSl!cn 01 rents_ Issues O( profits 10 al'lY Ind~l~dt>ellS 'JJ,!curel'l <br />h!treby shalll'lot edend or pMtpol"ie the due date 01 the injllaHment oaymenls as <br />proYlded In SlIid promissory note- or Change :tie amount o! such installment!') The <br />entering upon an~ lakIng possession of IhE! Prooerty, !he collection of sue,", rents <br />Issues and profits, and the appHcal!Qn !hNenl as aforesaid. st>-all nOl wai..", 0: cure <br />any default or notice of defaull ht'r8und",r, or rn"aUdate any act do-.'w pursuant to <br />such notlce_ Tru~IOf also a~signs to BefH;lf!clary, as !vrt/'ler Mcurify lor me <br />perform8n~ of the obligations 1l&\.'1.Jra.(j hereby_ all pr~paT(\ ref't~ ant1 all mOnrftS <br />whIch may have been or may hereafter be d~posited ,^ith said T'ustof 0)' any leS5~ <br />of lhe Property, to secure the paVl'!'ent e>f an,/, ten,- and upon detl\l.JH in t~f> <br />performance of any of I/'Ie proviSions hereol TrustOI aqre",s to d6Ii"e< such renls. <br />and deposits to tl'l& BEmeflciary Dehvery o! """lllen nOflC~ ot tne Befleliclary.s <br />aJllerei" of the nghts gran1i9'd herein 10 "II" tenant Ot_cupyirg said pr~m;se!; ~h8.1l <br />bo lufflci&nt to roolJl'e said tenant 10 oa" !laId (en! fC! t"t>- 8~"f!liCi;jrV uOI;!1 r\H1hf<-1 <br />notice <br /> <br />11......... PNmhtN. Within 10 days aUor demand, TrlJs:cr shall furnish- to Trus1ee <br />a schedule certlfled to be true, sattlno lorth "U leases o! spacE! Hl fne TnJS! <br />ProIMrtY It'Ien In effltCt, Il'!cludlng, in eacn case, 1M nalT\8 of tt'le tenanlS a~d <br />occupanls, a dOsCnptlo1'l of the spaCE! OCc.llpi&d by such tsnanl anCl occupant, the <br />rental payable for $LK:t\ space and such ott\er InformaTion and document, wrtn <br />reapKt to SUCh IUKS and tenarn::les aa lhe Tfustse may 1!;IQ1l""!11 <br /> <br />Without the prior written consent of ;Hl5Iee. Trustor shall nOI, ~1;recliy or <br />Indirectly, wtth respect to i1iny lease of !lpsce in tho! oascrrl)&d premlM's. whelOer <br />such leaN is flOW or her..n&," in QXlstence; la) aCClJOf or p~umll any pr-epaymenl, <br />dllCQUnt Of advance rant payablo thereunder: [O~ cancel or tt'orm!IHlte lhe same, or <br />aocept an)' cancellation, terminatiOn Of surrernJ'lt!' thereof. or D<"rmlt any eV<lm to <br />occur which would &ntltle lhe leasH th$reul'ld~r tQ lerminalll: 01 cancel lhe same: ~cl <br />amend or modify the same 50 at to redUC!!l ttle hlrm tf~leof. tne rental payable <br />thereunder, OJ to Change ilny renewal prOVisions therem cOnla/nee, {oj '/Ijai"$ an, <br />default thelounder Of brMe." Thefeot; !6! Clve any c(,mllftnt, waIver 0' approval <br />IhentUtld..- Of take any other actiOn In connection IM!t1witl'l, 0' WIth . le"~ <br />thereunder. which would have the effect 01 impairtnQ the valul:t 01IElSSO"S mler!ilf!;t <br />lMiteundef, on the PropertY aubftlCl therel0, 01' 01 impalrlng I~ poallion or Inlereel <br />of lhe Trustee Ot Beneficiary: or It) ~ell. U!liQn. pl&<iQe. mortgage 0' Ofherw!S$ <br />dlapose 01, ortlncumbel:. Us interest I" an-y SuCh llilaa.e or Q:ly rellts, IS$Uto$ or prollla <br />issuing Of arising thoteundor <br /> <br />12. ConcientMUon.lf tltl. to 1lfl1 partol the Pro-porty SM,I bfl UU\$1'i Tr1 cOil-dernn..lio;> <br />pt'C)Cl.-dlng" by rtghl of .mUlent dOm~n or similar action, 6r 1lI1'l1lfl b.e sold under <br />Ul,..t of ~tton, all _"".rds, damagM &00 proceeds ate hereby as.signl!Kl <br />and shall be paid to Bel'leftei-ar)' who ~Il apply such award!-, C:-, "nilQ&$ and <br />proceeds to ttle sume $eCured b)' tN! nUllt 0tteiJ. with t~ "I.COS$., II ~ny, paW 10 the <br />Trustor, Trustorwfll promptty, and Wilh duos dlliQe~e. rl;tjUltr, altel' and r'l9siOfe the <br />~l:nIOQ p.art of the rrust Pfopelt:r to- it5 tormer cooQHlOfI stJb'!tanll.a1iy IQ lh~ <br />extent that the same may bot teasitmland 30 as to conslltlJie a Comt>>etOllllld u_uble <br />uniL <br /> <br />13-.. FvtuN....ftCM.. Upon request.of Trustor, Beoelidary, lil a.n*lJC41ry's optw_ri, <br />prior to r.conveyaOC$ of me property to tM TruslOt, maY' m""tl lutUf!:! Il\:h'a.nce~ to <br />the Trustor. Such future .d'tan~., \lliilh .1'Iiere3t tIIereol"l. ,halll>e .w.;;.ued 01' thiS <br />Trust 0Md when 8Ykienctld- by promu,lSOTy n<:>11l)1) .staling thaI said not~s ale. <br />socured ht<<Iby; providM:.i that at "'0 tHllt'! l!I~:1 t~ :'i-$C>Jfe{j prmc!pai, !utlHQ <br />actveRON, not Inc:lud~ !n.ms .&a~"flGN to prvl&Gl ihe wc..rity. !!.>,Cl:ltlO OM <br />tH.lndJed ,*,ceot (100"*) of tl'le Q-tlglrlill tHinclpa,- ar1lQVfI!s -Sel;u:$(l f<$Ietl..- <br /> <br />14.. RemedIM. ~u,... AH remtildih pr.........\(,jOQ In 11'116 Truitt O~ il:e (l1s<unCl an4 <br />CUmulatM to any oU\$r rlijht <)f r6medv t,JnG4f tNs Trust ()H(t or .lii)/"aoQ M I.... or <br />-.utly. and may ~ .x~c,* <<mcun.ntlv, l!1~enlly or auccee!~"l.,. <br /> <br />L <br /> <br />t5. ~ ~ w.. Upon det.ult 1J.)l Trvstor in tne payment 01 any <br />indebt~ IKUreO ,*.0)' (If In tM. pelf()((na~ 01 any &Offiffiltfit heaui\Uer, <br />a.n.fldaly may oecl!l{e all aum. Mewed Il~y Immedl.tely dU8 and payable by <br />dIlilvety to In.w:.. of lilirll1en ~larallM 01 a.tault. The Truat.. .~ll "."" the <br />power 01 ..le of 1M Pt-opMt)' and " BanaNtl<<.ry aUUM I~ Property to be sold, Ii <br />ahIU ~lt ..llh TNat.. tN. Truat 0Md and ail promla&Ol)' nOhU and documMts <br />~ng ~hlfN ~ Ml.-bll, anct $hail atlHver 10 Trust,"" Il ""IUen <br />nollctl of c>>tau.lt.na _*tloO to c.~ tl'i6 ~y 10 be ;,old, and lhe Trust.. In <br />tvl'n ah&It -p~. :t-lm11&t NotiCe in the fOfm required b\ll.w. wtllch at\aU be dul.,. <br />fliwi for recost1 by T~u.t.t... <br /> <br />(~ An. tM lapae 0'1 ,"ucn tfmo .. rf'QIy b.- requIred :)~ l..... tollowing :.toe r&Cofd- <br />atlon of ..ki notice of default, a.nd rn)tlce ot de-fau!t and ooti<::e oj $&.1& tlllVlflg <br />bMn ;1--.;'1 .. f*Wifed by la*, 'fl\lstee.. wlthOlJl deman.;l (In Tr\l'tW, s-hAH sali <br />the ~ 00 the date and at the tlm. and piac;. designatlK! 1n SAI(i notice 0.1 <br />.MIe. at pubtkl auction to the Nghest bklder, tn. purchau ptlCtt p&y&ble !n <br />"-WfuI rnorl:a)' of the United 8tat8$ II the time of sale, Ttt.l pGP.lcn conducting <br />tht sale may:, for any cause he QeefY\$ expedient. postponlll~ sale from lime <br />to time l,inttl h .hall ~ compiet&d &1\1, In e..ary ~uch :';1;$8., notice- of po.slpOne- <br />l'Mnt thati t)II ~~ bY publk; -.:Mclatalloo the"",,1 by such pefso;; at :he tlM$ <br />.~ ptace 1..\ appointed for the $ale; provkMd, If tho hla Js poatponed for <br />tot\Oel' fl'tat\ t\) dtiy bf;)'Ond the d&)' dea~ate-;:! In tha notit;6 01 sale, notice <br />ttWreOf thall be Ilh'en 11'1 the!i S81M IT\AI"<rtet as the orIginal ilOllce of ~le< <br /> <br />TRlItM .nall ~~l.It. and I.1eHvet to lhe pure-huer his !>>eo cOIl~)'jng the <br />PqertJ aoki. bv-\ withoul any COW'ena-nl or warr&llt)i, .ll.pfO~S. Of Implied. The <br />r-.cltallln 1M DMd 01 4ft)' maUW'$ ~ f.ac1s ttJall b4i' c-oneluai... proof of the <br />'rl,ttM~ t~f. Any psraoo, int1udln(j Ba-netlciary, may Pl.ltch-U. at the <br />- <br /> <br />(b) W1\4ftt Tnnt" WI. p~r.Ufnt to tlw power. rnlt.ln, ttre iru:J\M shall app;y the <br />~ of tM ..,. tQ POlYmwlt of tno <..'OSts llnd e~peI"\$U 01 &l'Mclah1g the <br /> <br />=:~: ~~::; ~~~!~_~Y~~:I~";rI~~~~:'~'::t~ <br /> <br />tN~If:t~"O'~n\C-)tnl1\e0l'l)trtn"-8 SI.I.n. <br /> <br />(c) Aftfd-PlYInG,tbe~~\tittdm~raorapt\ibljflhtlU:j$l$t'J Tf\.i&t.., e, <br />u., ~t,lf,)tf COl.lf1-ill'\d M,,* <<>6'. Qf -fo.-oeklalJr. aM "-Ie If 1m. $<lUll_ purSvaM <br />.kf~ Iat'lClo&l..tf..l~ pt~of u.le,""!! be. -WUeoJ \n tM \'>!OlH :.taled <br />to~~_I)f: <br /> <br />{q CctaIof-WJy~nc. 01 !rt~p!:O<.-""'Uldln(':(,,>fV\@<cti<)f' with- ~,,;;tl Sii~S;f,(j Of <br />Mt.~m""P4. <br /> <br />~ Aij~m-t~M(iU~Ntllfb1, <br /> <br />ftk'1 nw.-.m~) I! en'J. tr. t-"tp.rJoQ!< ~~f) .r,..tili~ lhif(\Jlt.l. <br /> <br />I <br /> <br />16. Dutl.s and ObligatIons of Tru.t". (a) The duties and ob~tlons ot..Trustee <br />!ll'lall be de!ermln&d $olsly by the e.>,press pro..le-Ions Of the Trusl Deed and Trustee <br />shalt not be nabla except for lhe performanc8 of such duties a.nd obligations as are <br />specifically set forth hel,:-ln, and no Implled covenants or obligatIons snail be <br />Imposed upon Trustee: (bJ No provl3lon of this Trust 0eecI shall r&qulnt Trustee to <br />expend or risk hIs OWI1 funds, or otherwise Incur any flnenclal obligation in the <br />performar;ce 01 any ollts du1les her~under, or In the cxerclse of any of Ita rfght'or <br />powers, If It shall have grounds lor beJlevlng that the repaymenf of such funds or <br />adequatl;! ind0mnlty agsln$l suclt rIsk Of lIabtllt)' 15 not reallOnably'a6t!lurea 10 It: (c) <br />Trustee may -con5uft with counsel 01 his own choosing and the advtce of such <br />counsel sh."li be- full and complete authorizatiOn end j)rotec110n In the re8pecf of <br />any aCtJoll taken or suf1ered by It hereunder In good faIth anerreUance thereon; (d) <br />Trustee shall no! ool!able for any action laken by turn In good f!!llth and <br />oolJeved by him to be a.>lthorlzed OJ within the discretion or tights of powers <br />conferted upon II by IhlsTrust Deed. <br /> <br />17. AdditIonal StiCUrll1lnslJ1JfMnw. Trustor, al Us oxpense, will execute and deliver <br />10 the Trustee. promplly upon demand, such security Inslrumehts as. may be- <br />requlrl'Jd by Tftl~tee, In torm and ~ubstanc~ !atlsfactory to Truste&., ~rlng an~ of <br />lhe Property conveyed by this Trust Deed, whleh security Instrument.- .-Mll be <br />additional s&Curlty for TrU!ltor's faUhful pel'fon'nance of all of the terms,' covenants <br />and condttlons Of !hls Trust Deed, the promissory notes MCtJred herebY, and any <br />other security lnslrumenl, execuled In connGl.-110n with this transaction. Such <br />Intltrument; shall be rllcorded Of Wed; l'lfld_ re-fecord9d and reflled. at Trustor's <br />expense <br /> <br />1B....i.cell.~.. <br /> <br />ta) In the "vent anyone or more of the provisions contained In this Trust Deed Of <br />the promissory nole Of !tIlY 01~r security Instrument given In connection with <br />thIs transaction shall for MY reaaOn be held to be Invalld,_ Illegal or <br />UMnforceable In any respect, such Invalidity, illegality, or unenfofCeeblllty <br />shall. af the option 01 Beneficiary, flOt affect an)' other ptO\'~lon of thl.-Truat <br />D&ed, but this Trust Oiled shall be construed as tf auch Invalid, Illegal, or <br />unenfOrcMble provision hed n~ver been contained herein or therein. <br /> <br />~b} This Trust Dee<! shall bf:l construed according to the laws of the Slate of <br />Nebraska <br /> <br />Icl Tnls Trusl DiHt(! snail Inut&- !o and bInd the h6lrs. leoatees, devisees, <br />adminIstrators, i&Xl'}Cutors. (l.UCC-6nors and assigns ot the parties hereto, <br /> <br />id) Trustor stlall pay ail tUflS !evied upon this Trust Oeed or ~he debt secured <br />hereby, together wllh any other taxes Of as!J4ssments which may be levied <br />agalnst thE! Trustee or 8;,neflclal'"f or tM iegal holder of said promIssory note <br />Or! account ollh& In(\ebtf!>dn8s3 e"lder'tCtld thereby. <br /> <br />Wl1ttneVQr \l~ hareln, IlIe sifl!;lular numb8l' shall Include the- plural, tile <br />sH'lQular. tMuse 01 any g-bl\der :Jhall be applicable to all geode"" aod the term <br />"B611etlciary.' !!hlllllncluih! any payee of the Indebtedness hereby s8CUflld or <br />;on'}' trensl8r tl'lef8of. lNnelh6r byopejaUon ot law or otherwise, <br /> <br />19 ~..or Truatet'. BenetlclafY may lrom tIme to lime substitute a sucoeuor or <br />'ucce!lSOl's to ...nv Trustee nam$Cll'l6reln or actIng hereunder to execute this Trust <br />Dedd. Upon $uch appointment and wlthoul convey-.nce to thflsucceasor Trustee. <br />the lalter 5/)all 00 VtlsteG w1tt1 IlII Illle, powers, and dullea conferted upon any <br />Trustee here,n named \lr actIng tler8under, Each such appointment and <br />sub-atl1utlon snail bfl made by written 1n9lrumeot by Beneficiary, containing <br />rqt.renC$ to tNs Tnlsl 069d af':{J ils place of record. which whfln recorded In the <br />oUlce 01 tt\e Aeglstar of Oaeds of lhe county or countles In whloh Mid property Is <br />sltualed ahOJU be conclusive proof of proper appoIntment of the succeuot' Troet... <br />The. fO(eQOIllQ p<tW61 of "lJb$tIt\Jtlon and tNt procedure theretore shall not_be <br />exch.l-!Ive ollM pt'wel and orocoour& pr()vlood for by !aw for the subelltutlon of a <br />TrU&IM or Trust&ll8-ln :h&pla(;$ of l/'le Trljl~tee <br /> <br />20, fO(bMr.nce by 8~lcf.1'Y or Tn.:st.. Hot a Waiver. A.ny forebNrance by <br />B&flellclary or TlUstM in t!JI..rcismg -llny rtght or temedy Ml1WnOar, or otherwlM <br />i11ford9Q by appllcable law, ,,"'-.11 nol be 8 waiver of or preclude the eurcl.. of any <br />ngl'tt (II' reffil:tdy hereunder. Llkewlll6, tho WtUV6r by Beneficiary or Trust" of .ny <br />def.<Jll of Trustor uM.ar this Trust Deed snaH nol be deemed to be It waiver of any <br />other or j.,mHar(le'wlts &UbiUtquentiy !)Ccu"l"g. <br /> <br />21, Trv.tor Noi R.le..d. Exle"lllon of the time for payment Q( modlflcaUon or <br />9llmtllzali0f1 oj tilt!! $lim& socurOO by thl" Trust Deed granted by Beneficiary to any <br />SUCC6&aof in Interest of Trulttor $hall nol operate 10 release, In any manner, the <br />ii.olllly ot Ii... original TrUfitor Of Truslor'S SUCC&3S0r In Interest. Beneftcl~ shAll <br />not he rlKtulrw 10 commanctI p,OC&edlnga against such successor or refuse to <br />~lt!&I"lQ tlnn. tor ?il'r'nlftnt QI OII"IHIIIIISll modify emortll.aUon of the sum. &eClIred by <br />tnls Trust DM.i by r"ilson o:>t !iny t:!!'.mand m.a. by the orlgln~1 Truslor and Trustor's <br />1!.ucc~S$vnlln IntereSl <br /> <br />22. o.t.ult. It toftle !lhiilf be- a delault under this Oe<<td of Trust or under an)' prior <br />m"rtgag.., me Beneflcla,)' mily cure SUCfl aefault, and Ih" amounls advanced Dy, <br />and ottJtl.r COlli" ilrlQ el(~nS.6 of Ihe benalicl_ry In curlno such ckllault. with <br />intl!llre51 al the Qt}fault Tale cOl1tlllntKi III the Note secured hereby from the time 01 <br />the ad'tances or pa~m&I"l!' !D;han be /iClded to ttle lndebtednass aecured by thle Trust <br />0ee0 ;and may bE! coUect&d hefel.mdar at any time after the time of .uGh a(haflCeS <br />Of pcIlym6f1ts and a~il b4' d.u~m3G to De secured hereby. <br /> <br />:!-3. Option to FClACIOM. Upon the occur.nee 01 an)' def.ull hereunder, Benetlclary <br />enal! halle lht! option 10 10000laall' thla nust Of.tod 111 ttl& manner provided by law lor <br />the lorecIO~f8' 01 morlg&g~fI an rilal PI'l>i)8rty, <br /> <br />24. T~tOl'. Alfht&. Aba.nt Default. Until any oafault In the payment of <br />Indaotoldf'.-eSIi tlOIulby /I&CUleO Of unUi the -bleach 01 any covenant herein contained. <br />!h" TruSlor, its Su-CCIHI~V(S and 4s'iilcni. :!;hllU paSlhJSS ana enjoy the property, and <br />(eceh$ 10& rents and prolll.s thertltrom. Upon p.yment of aU eums; secured by thla <br />Ttu!!! ~, B~"6tjciilty s-Mah reQlJ~t TrU!slee !o reconvey the propeny and Shall <br />5urHinder tNs Trust D~ and all nOIM f1vldern:ing ind8bt&dneas s~u~ by lhls <br />Trust 0-0 10 Tru$totl. iru$tBtl shall r$Con'rtly tha orope"y without warranty end <br />waho!,!1 charge 10 :t>tlo -pers~ns legalty enlHled thereto, Tile Grantee In any <br />rec-Orw6yance ma~ Oil dt'$cdb;:!4 as .-the person m perlSOns enllUed thereto," and <br />tn. fecllals lherem cor any i'l"altara or fllCt$ lii1all tt. conclusive proof of the <br />tnithlulNli)S !h~rooi. SIICt> ptHSQfl or porsons stlalt pay aU coats 01 UJcoldJng, if any. <br /> <br />Z5. Acuhli.UOO In the Ev-.n1 0<< Tran,f.r, l~ lht! evei'll tM litle to !laId real est/ue 1$ <br />traru.t.med, or C~l'1lracleo ie 00 traosll'rrr>Jli. from the underslgned!or any reason or <br />by 3f1j'- method wt-,fIt~""f, the tjf1Hrtl prfl\ciPill $um "nu acCfUed Int&!&at shall at <br />OftC6 ~()m-e dl.la <II\<;! ~~labj6 il.t Hlli ",hlCHo'l d the BElneflclary, Fallure 10 IIxerelse <br />trlls opllon b<K:a;';'H;- (l! tlafl~ja' 01 till'i! iiI"S IIl:Nve $~ated In one mstancG ahall nut <br />constltute s. Wiliv&< cI lhe tl.gh! 10 e;.,1~H::lse tM salm in lhtl IiIvent Of any ~ubaequenl <br />If.arllJfel <br /> <br />1t5. TNt 0Md 01 if"tl,' jl,/('I!ol i.:J one daled __ <br /> <br />N/!:_._ <br /> <br />a:tec\llecl by ; fl,l&ll;ol 10 _ <br /> <br />Tr~t... <br /> <br />M(:\,lflog iI ?rlnCi~ll\O!~ f0l _ <br /> <br />Do.!.a!, Ilno tH-tO 101 (KOHl will; HHI R.Q'$!~I Q~ Deed..1Xf IGenlltifKI.a IOllQWIi <br />