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<br />83....... u06219
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<br />and, without demand, shall bl!llmmedlalely due and payable by Trustor and shell
<br />bear Interest at the maximum allowable legal ratf3; provIded, however, that al the
<br />opUon of Beneflclitry or Truet" suet, sums may be add9(llo Ihe prlnclps! balance
<br />01 any Indebtedness secured hereby and snail bear tM same interest 8$ lIueh
<br />IndebtedlMlss and shall be payable ratably 0"'8r the remaining term tharM!
<br />
<br />10. As.lgnment of Rents. Beneficiary shall have the right, power and authority
<br />during tt1econtlnU81'1Ce lof this Trust Deed to collect the ranis. issue:s and ploflls 01
<br />the Property and of any personal pro~r!y localt:!d th~Heon with or wifhoul laking
<br />possession of the property affeoted hereby, and TrUSIQT h~reby absolutely and
<br />urctcondltiOnaUy aul.ons all such tents, Issues and proti1s to Beneficiary.
<br />BenefIciary, however, hereby consents 10 the TruslOf'S collection and retentl!:'n of
<br />lluCh rents, fS9Ues and profits B& they accrue and become payable so long as
<br />Trustor Js not, at such times, in default with respect to paym!'!nt of any
<br />indebtedness-secured hereby or in the performance of any agreement hlH9uMer.
<br />Upon any such detaun, B8fleflclary may 81 any time, either In person. by agent, or by
<br />a -reeelV&l" to be appointed by a cOIJrt wlll'tout rlotice alld without regafd to the
<br />adequacy of any security for the Indebtedness hereby secured. (n) enter upon and
<br />lake possession of the Prope:rty or any part thereol, and In Jls own name sue lor or
<br />otherwise collect such fents, Isaues and profits, IncludIng lhose past due end
<br />unpaid, and apply the llame, less COsIs and expenses of operation and collection,
<br />InclUding reasonable attorney lees, upon any Indebtedness secured hereby, and in
<br />such orner as Beneficiary may determine; jN perform stIch acts of feoair Cf
<br />protection as may be necessary or proper to conserve U1e value oltha prop,erty; (el
<br />lease the same or any part thereof lor such rental, term, and upon such condlllons
<br />as Its- Judgement may dIctate. Unless Truslor and Berteflclary agree otherwise irt
<br />wrIl1ng,-any application of rents, Issues or -prollts to any indebtedness secured
<br />hereby shall not extend or postpone the due da.ta of tna Installment payments as
<br />provided In said promissory note or change the amount of such installments. The
<br />entering upon and' taking possession of the Property, the collection of such rents,
<br />Issuos and proUt." and the application thereof as atoresaid, shall flOl waive or cure
<br />any default or notice 01 default hereunder, or irwalidale any acl done pursuant 10
<br />SUCh nollce. Trustor also a~lgns to Beneficiary, as further security for the
<br />performance of the obligations secured hereby, all prepaid rents and all monies
<br />which may have been or may hereafter be deposited WIth safd Trustor by any lessee
<br />01 the Property, to secure the payment of any rent. and upon default in the
<br />performance of 8ny of the prO....lslons hereof, Trustor agrees to d61i~er such rents
<br />and deposits to the Bel1eflciary. Delivery of written notice of the Benellciary's
<br />exercise of the rights granted herein, to any tenant occupying said premises Shall
<br />be sufficient to require said tenant to pay said rent 10 ttle BeneficIary until further
<br />nollce.
<br />
<br />11. L...IM! PrwnIML Within 10 days aUerdemand. Trustor shall furnish to Trustee
<br />a schedule certltled to be true, setting fonh all leases Of space III the Trust
<br />Property then In effect, Including, in ~h case, the name of the tenants and
<br />occupants. a dncrtptlon 01 the space occllpled by such tenant and occupant, the
<br />nmta' payabl. for such space and such other Information and documenlS wlth
<br />. respect to such IMSe!J aod tenancies as tile Trustee may request.
<br />
<br />Without the prior written consent 01 Trustee. frustar shall not, dIrectly Of
<br />Indlrectly, wtth respect to any lease Of space in the descffbed premises, whether
<br />such tAae is now Of h8r&after In existence; (a) accept or permU any prepayment,
<br />discount or advance f&nt payable thereunder; (b) cancel or terminate the same, or
<br />accept any canC1tllatlon, termination or surrendef thereof, or permit any ellent to
<br />occur which VIl'ouldenlJUe the lessee lhe~under 10 terminate or cancel the same; ic)
<br />amend or modify the same 50 lIS to reduce the t$'m thereof, the renlal pavable
<br />thereunder, or to change any renewal pfOliislons the-reln contained; (d) waIve any
<br />default thereunder or breach the,eof; te) give any consent, waiver Of approval
<br />theteundfl( or take any other actiOn In connecllon (flerewlth, or with a lessee
<br />thereunder, which would h..... 1he effect Of Impairing the ~alue of lessof's intefest
<br />tlWf'eunde(, on thl PropeI1)' 'o.ibJecl thereto, or of impaWng the position or Interest
<br />of the Tru,t.., or e.neflclary; Of (f) sell, assign. pledge, mortgage 01 otherwise
<br />dispose of, or .ncumber, lis Interest In any such lease or any rents, issues or profits
<br />Issuing Of arising thereunder,
<br />
<br />12. CondlImMtfon.lf title to any part of the PrOpftrty shall t>e laken JO condemnation
<br />PfOCtIlIdlnga, by right 01 eminent domain or similar action, ~r shall be sold Ullder
<br />threat cf condemnaUon. all awards, damages and procaeds ate hSTl.-by assigned
<br />and 8hal1 .be paid to Beneficiary who shaH apply such awards, damages and
<br />proctIeds to the sums secured Dy tile TfU$t Deed, wit" theexcen, il any, Paid tothe
<br />Trustor, Trustor will promptly, and with due dillgenC1t, repair. alter and restore the
<br />remaining part of the Trust Property 10 lIS 10lmer condlllon s\Jb$tanUatly to the
<br />extent thai the same may be feasible and so as to consUluts a complete and usable
<br />unit.
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<br />13. Futur.AdwfI..... Upon request of Trustor, Benettclary. at Beneficiary's option.
<br />prior to reconveyance of the Property to the Trustor, may make future advances to
<br />the Trustor. SU40h future advances, with Inter$$tlhereon. sn.ll be S8(lUf8<! by this
<br />Trust DeecI when evidenced by promissory notea staling that said notes are
<br />secured hereby; prov!ded that at no time shall the socured ptlncipal, future
<br />.av.nces, not InclUding; sums advanced to plotect the security. el;c&ed one
<br />r"mdred pwcent(100%) of the original principal amoun18l>&Cured hereby,
<br />
<br />14. ~ Cvmu!Iittn. All remedies provided In this Trust Deed are distinct and
<br />Qlmu...t1~ loanyothef tight or fltf'fMldy unc:iet tru. Trust Deed or afforded by law or
<br />IIqWty. and may e.....erolMd ooncur~t1y, lOOepend&nUy Of successively.
<br />
<br />15. AocMIIeraHoai RemecUw; s.a.. Upoo del.un b)l Tru6101" In the payment 01 any
<br />Indeb~ MCUfK hatMy m in the performance of any agfeemeot hereunder,
<br />_Ocle.ry tr\IY *11lI. aU .uma secu,ed I'\erllby Immediately due and payable by
<br />cSaUWl'Y to TnAS.. 01 wfltten thlc1arallon of delault. The Tl'Ulilee shall have the
<br />poww 01 .... of thra Property and If a.nanclaty de$lr.. the Propmy to De sold, it
<br />.t\all cMpoalt wttb Trust.. ttMt Trust Deed and all promissory no1&8 and documents
<br />evkIlw\clng NPlndltut.. aeea<<td her-eby, and $hall deliver to Truatee. a wrltten
<br />notice of dtlault and .leCtlon to cauae the PlGpeny to be soid, .rn:i in. Tnlsl_ in
<br />turn ~ Q~ a almllar Notice In the form requited by law, which shall be duly
<br />filed forMCOld by TlUSt...
<br />
<br />(~ An. tha lllpae 01 such time all may be required by law following the record.
<br />atlon of said notice of default, and notice 01 default and notice of sale naving
<br />~ glWln as required by law, Trustee, without demand on TtustOf, shtJl sell
<br />the PToPertY on the date and ~t the time and place designated In eald notice of
<br />..... at pubUo auction to the hlg/'leltt bidder, the pu(ch.aae price payable In
<br />lawful money of the UnUed Slates at the time at .sale. The per&orl canducUng
<br />tM 1&1. may, for any cau.. he deems expedient, l)OSlPOM the sale !fom time
<br />to "me unlll>> .hall be compiettcl and, In every such case, notice 01 postpone-
<br />rMhhhall be gl:Yei1 by public declaratlon th&.reOf by sucl'l person at the time
<br />and plactIlUt appointed fQf the sale; provided, If the safe la postponed for
<br />tongw tttan {\) day -beyond the day designated In the notlee of sale, notice
<br />tMfeof-sh,ab be otven In the same manner as the ortglnaJ noUce Of sale.
<br />
<br />T~ eh&It e"oout& and tieI1'4t 10 tlla purchaser hb Dttod con"i$)"ing tt\e
<br />Pfoptny,toId. but without an)' covenant or,warranly, llXpleas, Of Implied. The
<br />recitals hi the ~ of any matt..., Of lacts shan be COMI~lve ploof of the
<br />truthfulnua thereof. Any PGO/oon. Including Beneficiary, may purchaae at the
<br />.....
<br />
<br />Cbl Wtlen Tl\lst.. ~', pu,.uanl to the powe:s herein, the TfUs-tM $hall apply the
<br />pmcMCls_ of th..... to-payment 0' the oasts aNi exP&naes_of n'8n:lslng the
<br />
<br />~~:n~:::X: ~~ tha ':~~~:=t:;f~::~:'~:~~
<br />
<br />1M n.m.l;n 'UbJq.t.of~ WI In the Qfdtl;r thare .'*t~,
<br />
<br />(el ~,..~ the.lt~ ~U~ In .u_~ag;~h(bJlf ,the "I, 18 by Tfustae, or
<br />the~, cowt,'Il!f_ 0\'* eott. of lCiW-k;)aUfll and ule If ttM. hie !.a PUfluan1
<br />)o~ ~ioaIm, the j)tOCHde of w. ,hall be ewll4Mi In the Ofd$ stalet!
<br />to.1ht,~tOt
<br />
<br />{tJ (;oel Of~)I e'f~ cf tttle pfOOUltKt In eonnetilon with llveh qbt am; of
<br />MY'WMl.M:..tarnf;iI;
<br />
<br />(U} Ail ~ fMn HGuftKI Mfeby;
<br />
<br />(It I) Tbt~.lf&a)l,lolhep.f'(Jft~tY$''HWed:If\&rIUo.
<br />
<br />"\-
<br />.'), Dutl.. and Obligation. 01 Tru.t... lel The duUse and obligations of Trustee
<br />shall be determined 60laly by the e~press prov!slons of lhe Truat Deed and Trustee
<br />shall not be liable except tor the performance of such duties and obligations as are
<br />specIfically set forth herein, and no Implied covenants or obligations anal! be
<br />Imposed upon Trustee; (bj No provIsIon of this Trust Deed shalJ re~wlre Trustee to
<br />expend or rIsk h!s own funds. or otherwIse Incur any financial obllgltlOfl In the
<br />perfOfmance of any 01 Ita duties hereunder, or In the exercise 01 any of Its right or
<br />powers, If It shall have grounds for Dellevlng that the repe.yment 'of such funda or
<br />adequate Indemnl1y agaInst such risk or Habll/ty is not reasonably assured to It; (0)
<br />Trustee may eOllsull with counsel of his own choosing and the- adYlee of such
<br />counsel shall be 1\111 and complete authorization and protection In the respe<it of
<br />any action taken or suffered by It hereunder In gOOd faith and reliance thereon; (eI)
<br />Trustee shall not be liable lor any actlon taken by him In good faith and
<br />believed by him to be authorized or within the discretion or rlghte of POWlttS
<br />conferred upon If by this Trust Deed.
<br />
<br />17, AdditIonal Seeul1ty Instruments. Truslor, at It~ expenee, will execute and deliver
<br />to the Trustee, promplly upon demand, such security Instrumenhi as may be
<br />required by Trl;lslee, In form and substanCe satisfactory to Trustee, covering any of
<br />tile Property conveyed by this Trust Deed, which security' Instruments shell be
<br />addlllonal :security for Trustor's fallhful perlonnance of all of the t&lms; covenantt
<br />ana conditions of thIs Trust Deed, the promlMOf)' notes $8(lured hereby, and any
<br />other security In5lrument~ execuled In connectlon with this transaction. Such
<br />Instruments shall be recorded or flied, and fe--t'ecorded and reflled, at Trustot'a
<br />expense
<br />
<br />HI. Mhic.llaneou..
<br />
<br />la) In the event anyone Of more of the prO\llslon8 contained 111 this Trust Deed or
<br />the promissory note or any otlter aeeutlty Instrument given In connectl'!m'wlth
<br />this transaction shall tor any reason be held to be Invalid, Illegal or
<br />unenforceable in any respect, such Invalidity, illegality, or unenfotceablllty
<br />shall, at the option of Beneflclary, not affect any other provision of this Trust
<br />Deed, but this Trust D8l!d shall be construed as If such Invalid, Illegal, or
<br />unenforceable provision had never been contelned herein or therein.
<br />
<br />(0) This Trust D&ed shall be construed accofdlng to the laws of the State of
<br />Nebraska,
<br />
<br />(c) ThIs Trust ~ st\811 Inure to and bind the heirs, legatees, devisees,
<br />adminIstrators, executors, successors llI'1d asslgna of the parties hereto.
<br />
<br />(d) Trustor shall pay all taxes levied upon this Trust Deed or the debt secured
<br />hafeby, together with any othef taxes or asseuments which may be levied
<br />against the Trustee or Beneficiary or the legal holder of said promissory note
<br />on account of !he Indebledness evidenced thereby.
<br />
<br />(oj Whe/'!8ver usrKI herein. the singular number shall Include the plural, the
<br />singular, tile use 01 any (;endsr shall be applicable to all genders. and the term
<br />'.Seneflclary" sl'1a!llncluda any payee of the lndebledness he~by secured or
<br />any transfer thereof. whether by operation of law Of otherwise.
<br />
<br />19. SUcce.aor Tru.t... Benellclary may trom time to time substitute a aucceasor or
<br />successors to any Trustee named herein or acllng hereunder to execute this Trust
<br />Deed. Upon suc.h appoIntment and without conveyance to the aucceasor Trustee,
<br />the latter shall be vested with all tille, powers, and duties conferred upon any
<br />Trustee herein named or acting hereunder. Each such appointment and
<br />substitution shall be made by written Instrumenl by Bene,lclary, containing
<br />r~fer.nC8 to this Trusl Deed and lis place of record, which when f8Corded In t!'to
<br />oUlC1t 01 the Reglstar of Deeds 01 the county or countles In which said property Is
<br />s!luated sn.all be conclusive proof 01 ploper appointment of the succe8ll0r Truatee.
<br />The foregoing power 01 subStitution and the pfocedure therefore ahall n01 be
<br />exclulllvs of the power and procedure provided for by law fOf fhe substitution of a
<br />Trustee or Trustees in the place at the Truste.e.
<br />
<br />20. FOfburance by e.".flciary or TN.I.. NOI . WIIMr. Any forebearance by
<br />Beneficiary or Trustee In exercisIng any right or remedy hereund9f, or otherwise
<br />aftorded by applicable law, shall flat be a waiver of or pr&elude the exefclse 01 any
<br />right or remedy hereunder. LIkewise, Ins waiver by Beneficiary or Trustee of any
<br />defallll of Trustor undtlr this Trusl Deed shall nOl be deemed to be a waiver of any
<br />other Of -slmllal defaults suoseqUlilnlly QCcunlng.
<br />
<br />21. TNtitoe' Not R.~ Extension of Ihe lime for payment or modification or
<br />amortl;r:atlOfl of the sums secured by Ihls Trusl ~d gfanted by Beneficiary to any
<br />successor in Interest of Trustor shall not operale to rslease, In any manner, the
<br />lIablllty of the orIginal Trustor or Trustor's .succese;or In Interest. Beneficiary shall
<br />not be required 10 COmlTl6i\Ce proceedings against such suc;cesaor or refUII& to
<br />extend lime lor payment or otherwise modl!y amortization of the sums secured by
<br />:hIS Trust Oettd by reSSOfl of any demand made by the original TrustOf and Trustor's
<br />Iluccessors In Intetest.
<br />
<br />22. Default. II there shaH bel a dofault under this Deed of Trust or under any prior
<br />mortgage, lhe Benellclary ma)' cure such dataull, and tile amounts advanced by,
<br />and other Gosts i1nd eltptlns8e of the bene-Uclary In curing such default, with
<br />Inter$U at the detaull rale contained In the Note securdd hereby from the lime of
<br />th. .ayances or payments shall be added to the IndebtedneN "cured by thla Trust
<br />Deed and may be collected hereunder al any time after the tll1\& 01 such advanoea
<br />or paymenls and "hall be oeem$d to be secured hefeby.
<br />
<br />23. Option 10 F<K*l:to... Upon the occufence 01 any default hefeunder, Beneficiary
<br />shail have the optlo-n 10 for~lose this Trust Deed In the manner provided by law for
<br />the loreclosure 01 mOl1gag-es on rib.l property.
<br />
<br />2~. inrltiW_ nighij. ~.iit o.;aull, UnW .;iJ' a&tai,ilt Iii U'oS PGyment of
<br />Indebtednoq hereby secured Ot vnW the breach of any covenant herein contained,
<br />the Trustor, lis successors line! asslgnll, shall poaaess and enjoy Ihe property, and
<br />l&Cellle Ih", rents .m: proflls therefrom. Upon payment 01 all sums secured by this
<br />Trust Deed, BenefICiary snail request Trua!lle to reconvey the property and .hall
<br />surrender this Troet Deed and all notea evidencing Indebtedness secUfed by Utl6
<br />Trust Deed to Trustee, Trustee shall reconvey the cropelt)' w!thout warranty and
<br />without charge to tht> parsons legally entitled th&relo_ The Grantee In any
<br />teconlleyanc& may De descfibed as "the parson or persons entitled thereto," and
<br />Ihe recitals therein of any matters or facts shall be conclusive proof 01 Ihe
<br />truthlulnee8 thereot. Such person or paf$ons shall pay all costs of ntCordlng.lf any.
<br />
<br />25. Acc.lllt.t1on In 1M EQflt of Tranafw,ln the event lhe title to said tIIal estate Is
<br />tranSferrlld, Of contracted to be tran-sl&rred, from th/ll u!lder81gned 'Of any reason Of
<br />by any melhod whatsoever, ttle enUre principal sum and accrued Interest ahall at
<br />once b$come due and pa)'.sble at Ihe electron of the Bt.\neflcla!y, Failure to exercise
<br />this option b6caus~ 01 tf&.>1bfifr :;ltHil:f 6$ {l.bovo alated In one instance shall nol
<br />constitute a wajvarof the d{;lht to lJ:terclse the :!lame In the event 01 any subseqUent
<br />franatBr.
<br />
<br />2&. Thl.d..o at truetlal_mlot toone dated __ N / A _~~__----'
<br />
<br />.~ecuted by Trustor to. __..
<br />
<br />.._,._.~._'"__.__,,_.__, Truet..,
<br />
<br />MCtJrlogf, prlnclpaJ notet[l{
<br />
<br />Dolltlf' and fIled lor re(;t;>II.l....llh the Reghnll. 01 oe.ds and kMntUled ail lollows:
<br />
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