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<br />4. A~a!~o!~?urity, Trustor hereby gives to and conrers upon Beneficiary the ri~1 power ~ndt!!.!!!!g ~he continuance
<br />of these Trusts to. collect the rents, issues and profits of said property, ,reserving unto Trustor the right, prior to any default by -Trustor
<br />in payment of any indebtedness secur.ed hereby or in performance of any agreement hereunder, tD collect and retain such rents-, jS$u~'
<br />and profits as they become due andlpayable. Upon any such default, Beneticiary may at any time- wi~out '~o~~, either ~n '~_~" ;by
<br />agent, or by a receiver to be appointed by a court, and without regard to the adequacy of any security for the indebtedness hereby-secured,
<br />enter upon and take possession of said property or any part thereof. in his own name sue for or otherwise collect'such.;:,rei\ts;'I8sues:'t':$rid-';
<br />profits, including those past due and- unpaid, and apply the same upon any indebtedness secured hereby, and~-in.such' 9rderqls:~Be-~~~i,~~
<br />ma.y detennine. The entering upon and taking possession of said property. the collection of such rents, issues and profits and--~;appJieation
<br />thereof as aforesaid, shall not cure or waive any defau,lt or notice of default hereunder or invalidate any act done pUt:-S'.mnt ro-:8:U~:~:_:C~~~
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<br />5. Upon deJault by Trustor in the payment. of any mdeht-eriness s{'{'uroo here-by or in the perfo;rman~.of any a~e~me:'lr~tlUi.ine{l,Jj,~~~:n.
<br />all sums secured hereby shall immediately become due and payable at the option of the'Beneficiary, -In such-/eveht'-andoupon'-writtelr'reqirelJt
<br />of Beneficiary, Trustee shall sell the trus~ property, in accon;lance with the Nebraska Trust Deeds::Act, at_ptihlic:.auction"to:~.~~::hi~~~
<br />bidder. Any person except Trustee may bId at Trustee's sale. Trustee ~shan apply the proceeds --of the sale ~ -follAWs~,_~(~} to:_:-,~tItt;:-~~~
<br />of the sale, including a reasonable Trustee's fee; l21 to the obligation secured by this Deed of Trust; (3) the-surplus, if any, 8halHi~(4istril;Jute:d
<br />to, the persons entitled thereto. '
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<br />6. Trustee shall deliver t.d the purchase1- at the sale its deed, without warranty, which shall convey--to_ the ~urcha:ser-.-th~,~,il1~r~st-:in_
<br />the property which Trustor had or had the power to convey at the time of his execution of this-Deed of q'just,\1md';sueh,~as-,h~may:;-,have
<br />acquired thereaf~r. Tnlstee's deed shall re.cite the facts showing that the sale was conducted in--compliance'witb;,_811>-th~,.r;et.t,~~ts;
<br />of law and of thIS Deed of Trust, which reCItal shall be prima facie evidence of such compliance and conclusive-evidence thereof,in;,,fa.vot',-
<br />of bona fide purchasers and encumbrancers for value.
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<br />7. The power of sale conferred by this Deed of Trust is not an exclusive remedy; Beneficiary may cause this Deed ofTl'u...~ to--beJorecl~
<br />as a mortgage.
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<br />8, In the event of the death. Incapacity. disahllity or resignation of Trustee, Beneficiary may appoint in writing a successor-trll~tee;.
<br />and upon the recording of such appointment in the mortgage records of the county in which this Deed of Trust is recorded-, the _succesSor.
<br />tnit:iWe shaH be vesred With aii powers oi- the ongInal trustee. '('he trustee is. not obliged to notify any party hereto of pending::sal~ :ui:tder
<br />any other Deed of Trust or of any action or proceeding in which Trustor, Trustee or Beneficiary shall be a party unless such action"or
<br />proceeding is brought by the Trustee :'~:: _-::-:'~--.:.
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<br />9. This Dee.d.of Trust applies to, inures to the benefit of, and is binding not only on the parties hereto. but on- their heirs, deVj~~;;_~
<br />legatees, admlntstrators, executors.. successors and asslgns. The term Benelieiary shall mean the holder and owner of the note- secu~~;',:"
<br />hereby, whether or not named as Beneficiary herein. ; _c
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<br />Signed this ~__..._ day of i~..y
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<br />, A.D. 19__.&-. '" 'l
<br />II 1/7!-/
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<br />NOTICE TO CONSUMER: 1. Do not sign this paper before you read it. 2. You are entitled to,acop:y.
<br />of this paper. 3. You may prepay the unpaid balance at any time without penalty and may be entitled
<br />to reeeive a refund of unearned charges in accordance with law.
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<br />STATE OF NEBRASKA
<br />___--..-imll___.__ COUNTY
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<br />:'is.
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<br />On this 15 day nf __.___~_, A,D., 19~, before me, the undersigned, a Notary Public, duly
<br />commissioned and qualified for and residing in said county, personally came Cfl,rolsJ1 S, Reev~s
<br />A~_J2...~____ to me known to be the identical person __,__ whose name __. affixed-to the foregoing
<br />instrument as Trustor ~_._~~__ __~_,__ and acknowledged the same to be
<br />untary act and deed. '. KAlllt!EN It
<br />Witness my hand and Notarial Seal the day and year last above written. ',. . Mr CItoaUIL....':f.... ..
<br />M C .. .. h ':'/ j . .. ~ ~... ,
<br />y OmmlS8JOn expIres t e "'___.___-t.oi.L__.~_H______ _____ aV ~.~ ,,-+~ /" i
<br />oL_1L)JJ/'J.t:..&L . 19.,L' C I)t.u".t:J..{..t:L"1.'=L"::::..~. I ...____..
<br />i l Nolar Public
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<br />STATE OF _._
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<br />1&'-;.
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<br />County )
<br />Entered in Numerical Index and filed for rt'Cord in the office of the Register of Deeds of said county, the --
<br />c: day of 19 -, at ".clock and -.....---..-.
<br />..s minutes M.. and duly recorded in Book -_~ of
<br />Mortgages page
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<br />Deputy
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