|
<br />,od .""",, dem,o, ,,,~,;.~~~.;.t:Od "'~'~Y~"~~O~"'"
<br />
<br />beaf '''!ere~! at H'" ma",l"l1nffi !),.,waOlfl I~gill 'alP p"Wloe(j nOWO\l(!l that ill !tl(>
<br />oplla,., of B~nl"ffCla'Y or T'uSlp<;! Such sums milV be add!'lc1 !O the prinCipal bi'llance
<br />of any lpdebtedness secu.t'd heretly and snatl bear tr,p' sam~ Interest as su~h
<br />.ndE'bledness and shall he Pilyable ,,;taol'/ OliN tne rema....''lfJ t(!tm Il1erE'ol
<br />
<br />10 A..lgnment 01 Renls Bene1'c,arv Shall have the "9tll. power and authonty
<br />during the conllnuance jOllhl"; Trust Deed to collect It"le ren'S Issues and prolits 0'
<br />the Propef1y ..nd of any personal property located thereon Wllh (I' wlHlOUI tal<lng
<br />pos~eSSjon 01 Ihl! properly aff~cted hereby_ and TruslOr he~,eby aMatutely and
<br />uncondlHonaJly 1I5<olgn5 all suet) tents. Issues imd prohlS 10 BenefiCiary
<br />Beneficiary. ho:>wp.ver hereby cc>n~en'~ to the Trustor's collecTion and reTenlion 01
<br />such renls. Issues and proWs as they accrue and become payable so long as
<br />Trustor :s not at such Times 1r'1 clelaul! ""jlh respect to Da~'menl 0' any
<br />mdebledness secured hereby or '" th~ pedormaMce 01 any agreement hereunder
<br />Upon any such delault. BenefiCiary may al any time. t!llhE" i" perso" by agent. or by
<br />a receiver to be appointed by Ii cour!. withO\J1 nOllce and without regard to the
<br />adequacy of any secunty tor the 'ndetltadness hereby secured. (a, en I"" upon and
<br />take posseSsion 01 the Property or an". part Ihereof. and In 'IS own name sue lor or
<br />otherwise collect sucM renls, 'ssues and pr(1Jits 1fv::luc!I"g Ihos!> past due and
<br />unpaId, and apply the same. less coslS and expenses 01 operation and collection,
<br />includIng reasonable allorney lees. upon any indebtedness secured hereby, and ,n
<br />such oroer as Beneficiary may determin~, {bJ oarlorm suctl acts of repa'r or
<br />protection as may DE> neC€Ssa...... Of propoer te, cc:nserve t."''' ...iU;:; o' the Property; (c)
<br />lease the same or any parl thereof 101 such 'enlal, term, <lod (JOon such condillons
<br />as 'IS judgement may dictate Unless Tlustor and BenehCla". agree otherwise in
<br />wnl!ng, any applicatIon 01 fents, Issues 01 prarlts In any indebtedness secured
<br />hereby shall nol ettend or postpone the due dale ollhe Installment payments as
<br />provided in said promissol'/ note or change the amOIJnl 01 sucn mslalirnen:s The
<br />entering upon Bnd taking possession 01 Ihe Property. the collection 01 such renls
<br />Issues and protlts, and the application t"ereof as aloreslud shaH no! waive or cure
<br />any default or noHe!'! 01 delault hereunder, 01 invalidate any act done pursuant to
<br />such notice_ Tlustor alSO asSigns to 8-€,netl(Iil-'Y as furll'le' s€'curl!y fo' me
<br />performance of 1118 obhgatl<'''s SACU'fH"! hWp.tJy ali prepa,rj renlS and ail monIes
<br />which may have been or may I'lr;>reatler be depOSIted w'th said Trustor by any lessee
<br />of me Property_ 10 secure l!1e payment ot any rent, and upon default In the
<br />perlormance of any 01 the prO~ls,ons he'801 Truslor agrees 10 dellve. such rents
<br />al1d depOSits 10 Ihe BeneflCTa,.,. Dellve'y 0' wrtlten nOlfce of thB Beneficlary's
<br />eKgrClse 01 the ~Ights gran led herfl," 10 an~' lenant oa",pYlng sand premIses Shalf
<br />be Sulli'-'''!n! 10 reQUire said lenant 10 Dill' saId ,,'!nt to tMe BenefiCIary unlfl turther
<br />notice
<br />
<br />11 to...... P,.ml.... Within 10 oay~ after demand, Trustor shall furnish to Trustee
<br />Ii SChedule certlllect 10 be true. seltlng forth aU leases of space In the T~ust
<br />Property then tn effect, lncJudlnQ. In each case. the name 01 the lenants and
<br />occupan111. a descrlptlon 01 tl'le space occupIed by Such tenant and occupant. the
<br />rental payable lor such space and SUCh other Informallon and documeols with
<br />respect to such leases and tana,'ClIl!S as the Trustee may request
<br />Wlthoul (he prior wrlttan consent 01 Trustee. Trustor shaH not. direCtly or
<br />IndIrectly, wIth respect to any lease of space In the descrIbed premises, Whether
<br />such leaee Is now or hereafter In eXIslence; (al accept or permit aoy prepayment,
<br />dl8count or advance rent payable thereunder; lbl cancel or termInate Ihe same. or
<br />acctlpl any cancellallon. termination or surrender tnereol, or permi1 any event to
<br />occur whIch would enlltle the lessee thereunder 10 terminate or cancel !he same: lel
<br />amend or modify the same so as 10 reduce the term thereof. the rentat payable
<br />lhereunder. or to chango any' renewal prOVISIOns thereIn contained: (dl waIve any
<br />del.ull thereunder or brelich thereot; lal gIve any consent. waiver or approval
<br />thereunder or lake aoy other action 111 connection therewith. or with a lessee
<br />lhereunder. wnlch would have the effect 01 ImpalflnlO the velue 01 !essor'S Interesl
<br />thereunder, on Ihe Properly sublect Iherelo, or Of ImpalflnQ t!'le POsUIOn Or Interesl
<br />of the Trust86 or Beneftclary. or If\ sell. ~SSlon_ 01900e. mortgage 0' otherwise
<br />dispose of, or encumber, its Inlereslln any such lease 01 911y ,gnts, Issues or proms
<br />Issuing or arising Ihereunder
<br />
<br />12. COndemNtlon. II 11I,le to llny pltn oflhe PlOperty shaH be taken in condemnation
<br />p~lnga, Dy r!ght 01 amlnent domain or SImilar action. Or shilll be sold und$r
<br />Ihreat 01 condemnation, all awards, damages and proceeds are hereby assIgned
<br />af!d shall be paid to BenefiCiary who shall apply sucn awards. aamages and
<br />proceeds 10 lIle sums secured by Ihe Trust Deed. .....ith the ellcess. jf any. paId 10 Ihe
<br />TruslOr. Trustor will prompliy, and wllh due dlligence. repair. alter.no restore the
<br />remaining part of the Trust Property to ItS !ormer condition substantially 10 the
<br />extent that thes.me may be feasible and 50 8.5 to conslUute a. complete and usable
<br />unit
<br />
<br />13, Futurw Ad...ncM. Upon rlXll.H;,st 01 TroJSlor. BeneficIary, at Beneficiary.s oplion.
<br />prior 10 r~onve.,.ance of !he ?ropeny l<) ltle Trustor, <nay mail.e future advances to
<br />lhe Trustor. Such lulure advanC(,,5. ....un H'lteresl !flttrElQn. Shall be secured by this
<br />Trust Deed when eVldenceo p". prormSSOI) nOles Malmg that said noles are
<br />seoured hereby. provideo lhal al "0 nma sn.ui lh-e secured prinCipal. tuture
<br />at:lvancea, not InCllJOlng sums advan~ao 10 p.otacl Ihe secunly. e..ceed oroe
<br />hundred p$rCtlnf (100%) of Ihe otlglnal princIpal amounts a8Cured hareby
<br />
<br />~.. Rernlad&ee CumulaUWI. _~U remedies plovlaec:lln t"la Trust O$6d are dlslln<;land
<br />cumulative to any Olher rlgh! ('r '8~y under nus Trust Deed or aHord6d Oy law or
<br />equity, and may beel(erClsed c0ncurrentt}r, Independently or suCCUSlvel)'.
<br />
<br />15. AGCe6lIradon; Ren'MNillM; Sa.... Upon default by Trustcw In 11\8 paymenl of any
<br />!ndebtedness securttd hereby or in tile performance of any agre6rmlntl'llHeundet,
<br />Ben.flolary may dKlal8 aU S1Jma secured hereby Imm.alately due and payable by
<br />delivery to' TflJ$1M ot written (\itC;lalatlon or default. TM Truslee ahall have the
<br />pow.r of sala ot tn. Property and If Benehcla.ry Oesl/es the Property to be 801d, It
<br />shall depo&n wllh Trustetl this Trust Oe<;td and all promiSSOry notes IInd documenl$
<br />~ldanclng expem2llur.s sacurlk1 herabjr. iJnd shall deliver 10 Truslee, a wrtUen
<br />noUca ot dtftault and elecUon 10 cause lhe Prope-rty 10 b6 sold. and lhe Trust" In
<br />turn shall prepare a s!mllar Nollceln Itle torm reQUlreQ by law, whJch shall be duly
<br />flied tOt r&Cora b:!,. Trust_
<br />
<br />lal Alttlr lhe lapae 01 SUCh !orne as may be 18qu1lOO by la;\; 10iloWH'lg the racord,
<br />atlon of &.aId ncllce 01 dtllaull. and nollce of delaull .md notice 01 sate navlng
<br />been "I~en as r6(O"'-(<00 by law. Tr...s.t~. ",llh01.lt datnand on Tr\Jslor. Shall sell
<br />thit PrOpert~ on Ine data ana a: 1m. tlIoe anCl place designated In said notIce 01
<br />sale, ..t p-ubtlc auctIon 10 the hlQtlestl)iddel, Ihe purchasa prlca payable in
<br />lawful mone,' 01 the uru!&d S{aleS al the lime 01 sale_ The parson conducllng
<br />the sale may, fat an)' cause!'l(l deems a:<pod!anl. poslpone the sale from tlma
<br />:0 Urn>!! un:ll ilaho.lt: be C.JmpJetad &nJ, In every suctl case, 110tice of postpona
<br />Olenl snali be "l~en by public de.claratlon Ih.UDOf oy such Qarson at Ifle, time
<br />and place lasl sppvlnt-ed lor the lIal~, provided, if tha sale is postponed for
<br />longar Itlan i1i day DeyonJ In" Cd)' deSignated In lile notice of sale, notice
<br />:hareol !inali be given in \hEl :)ar"ll(! mafl11l~, as the prig!na! notice 01 5al8:
<br />
<br />TllJstoo sha.H "'~e-cula &"d .:la;I".;r 10 illt! ~H.JIl.:haS6r n,s Deeo conveying :r>-tl
<br />Prap$fty $Oid-, tlul wilhoul any (;()'Veflanl or ",art.H1ly. (j~pr6SS. or ,mplied. The
<br />recitals In the 01800 ollinj' llIa\l8rs or laCIs snail be conclusivl8 prool 01 tile
<br />tru,hh;lness !nere<>l Any ptlrSofl. ifl,::",dmg BenefIClilt)-. ma}' purchase at Ihe
<br />sale
<br />
<br />,bj Wher> Truslee sails P\lI~",ar1t to Ihe powers herem. me Trus1ee SIH:Uf apply Ihe
<br />lJlocMds 01 the $.iIie to paymenl 01 the cOSlS ll"d expel1~"5 8~ i:l~erCIS;flQ Ine
<br />?Ower Of _all!! and of Ihe sale, If'\c:-ludl(lg the p"yrllenl 01 It'lr:r 'r'i.Jstae.s fa.es
<br />tIlr;:tllally In<;.Ufrftd, nullo e:o;ceeo _ _0 _ _ '-". of lhe sale price, and then 10
<br />the l1emllln !IIubpafBglaph Ie) In the order mere Slated
<br />
<br />(e) Atter paying lhe tlem, s-p~';!l!ed fn ~ubllilrag'a.pl1 (t,! -' tflu ~ijl~ 's l>, 1 'u~tell, ur
<br />t~ proptl~ cQ\Jrt and ottlillr CO::$!'" 01 forflclOill-vra a"lt sai.. ! '';", $""1".,, j)'JI.r,Ij~nl
<br />tl) jud:!t:I.; torecIOt!;,trtl, lhe ~"oce"""5 (.,1 sale 'j!'l;lfF l.W ",1:1>:117,' 'r' the ;)r06, itllt,,;j
<br />lQ the payment 01
<br />
<br />\l! (;O-$t or ~(\r e'tIQI!!f"l(.tj 01 tll~t1 p,,:>c>.;.t!tG ,r, ,l)"'WC tlor .. 'I r, ~~,
<br />a:lyfevef"ltllt"!lImps
<br />
<br />ilt) All .,,<n~ ,hf,."; )lH.,J'&<} ~""6t.'1
<br />
<br />,111) Th~ '$"'-,"1f"{~1l' '~an,', It. !!lti ~~'-'" !~f,f.I'~ t;.""lt<Jjj "L~"',.
<br />
<br />I
<br />
<br />16 Outl.. and Obllgattonl 01 Trulte. {al fha duties and obligations 01 Truslee
<br />shalt be delermlned 301el". by Ih'l e~pf6sS proviSion!! Of fhe Trust Deed and Trustee
<br />shell nol be Hable &J<cepl fo' Itle performance of such duties and obligations!,; are
<br />specIfically set lorlh herein, and no Implied covenants or obllgatfons shall be
<br />Imposed upon T'lJ~teE': (bl No prO\llSlon of this Trust Dee<f shalt reQuire Tru:stee to
<br />&Kpend or !lsk hll; own funds, or othe'wlse Incur any Ilnanclal obligation In the
<br />performance 01 any "I Ilg dupes he-reunder, or In the ellarclea of any ollts right or
<br />powers. It It shall have grounds lor beflevlng thai the rtrpayment of such tunds or
<br />adeQuate Indemnity agaInst such risk or liability Is not reasonably assured to It; Ic)
<br />Trustee may r:onsult with counsel 01 his own choosing and the advice ot such
<br />coonsel shall be full and complele authorization and protection In the respect of
<br />any action laken or suffered by It hereunder in good faith and rellllnClll thereon; (dJ
<br />Trustee shall not be tlabte lor any acllon taken by hIm In good 'alth and
<br />believed by him 10 be authorized or within the discretion or rights of powers
<br />conferred upon It by this Trust Deed
<br />
<br />11 Addltlon.1 s.eurtty In.tru~nt.. Trustor, stlts ell:pense, wilf execute .nd dellVl!lf
<br />Iv ,t',;; T,';5t;;u. piUmpU, ..,pvf"i Gum..iid. suet; 5e{;i,jflty lnstrurrlilfitg ti mli,. be
<br />requIred by Trustee, In form and substanCI!I satl8factol)' to Tru8t", ccwerlng any of
<br />the Property conveyed by thIs Trust Deed, which Sltcurlly Instrurneflt8'sh8IH).
<br />addItional security for Trustor's faithful performance or all of 1M tenna" cowenant.
<br />and COnditions of this Trust De8{t. the promissory noles M(furect'h8i'eby; and an,.
<br />olher security Instruments e)(eculed In connection with thlll tran..ctlon. Such
<br />Instruments 1>.hljlU bA ra~or(:ted or ftl!!tI. MtI r",.r@c~rded IInd refl~, .1 Tru.ror'.
<br />ellpanse
<br />
<br />la.iilil..,.,~.r-~.
<br />
<br />(aJ In the event Bny one or more or the provl-sron.conlalned_ln tht. Trust beed'eN'
<br />the promlnory note or any other sllCurtty Inslrumant Ulven In con~~' with
<br />Ihls tran8actlon shall for any reason be held-to M"lhvalld;,-,m_-,,'CN:
<br />unenforceable In any respect, such InvalkUty, illegality, or unen~llty
<br />shall. al the optlon ot 8enetlclary, not affact .ny otMr prcM.lon of thll"TfUllt
<br />Deed. but this Trust Dl!Il!Id l!Ihall be construed .. " euch Invalid. lUegal;--or
<br />unenforceable provision tlad never been conl.lrIltd MNtn or tFteNll'\:
<br />
<br />lb) This Trust Deed shall be construed according to the la.1I of the StaIe,of
<br />Nebraska
<br />
<br />ICI This Trusl Deed shall Inure to and bind the hel,., leg.......'.,~;-
<br />admlnislrators, eJlecuton, succehors and ...Ign. of t!'WI,PIt""'~'
<br />
<br />(d) Trustor shaH pay all tues levied upon this Trust-DMd ot"lhll debt~AcuNCI
<br />hereby, together with any olher taxes or ......~ts whtch mAY''',JevIed
<br />against the Trustee or BenefIciary or the ~I hokiM-of ..iet-promtUOfY-nofe
<br />on account of the indebledness8vldeneed thereby.
<br />
<br />leI Whenev.lr used herein. the stngular number snail InclucMl the plural, the
<br />slrlgul.r. the use of any gender shaU be .pptlcabl. to all oendera, and'"*..,...
<br />.'Sene!lclary" sha!llnclllde any payee of the indebtedness-hereby McUNd-or
<br />any trans far thereof. whether by operation of t.. orotheMI...
<br />
<br />
<br />19. SuccMaor TN..... Beneficiary may from tlm. to time SUMtltuta a succeuoror
<br />successors to any Trustee named her.ln or .ctlng hefWncMir to execute thl, Tru..
<br />Deed. Upon SUCh appointment and without conveyance- to tM aucceeeor Truf....
<br />Ihe laUer Shan be yested with aU IUIe, POW__, and dutlee con.....-upon.....,
<br />Trustee hereIn named or acUng I1etftlnder. Each lIuch appalntment,and
<br />substllllUon shall be made by written Instrument by a.n.flc"'" c:ontetntriQ'
<br />reterence to thl8 Truet Deed and lis pl.c.ot ~ whlch'whlMuIICCN.cUn_1hlt
<br />olliee 01 the ";.Jgll!llar 01 Deeds ot the county or couMtles In 'which uld-proi;erty'lIi
<br />slluated ,haH be cOf\cluslve proof of propel' appointment of tM ~ Trua....
<br />The foregoing pow.r 01 subsUlutlon and the ptocedu~ tMrefON thall not:ba
<br />6xcluslWl 01 the power and procedure provided for by la. for-the IUbatltuUon -01' .
<br />Trust.. or Trustees In the place orlhe Trust...
<br />
<br />20. fOlMaNnce by II......... or True... _Ht'l . W.... Any -'~, ~
<br />Beneflcl.ry or Trustee In ellen;llslng any right or ,.mmy harMndat,-cOf otftirwtae
<br />afforded by .ppllcable law, sh.1I not be a waiwr of Of preclucM tM .arc....of 8I:IY
<br />right or remedy hereunder. Ukewlse, lhe w.l~ by e.n.tlclary or Tru....,;of.1lny
<br />det.ull of Trustor under this Trusl Deed,ah.1I not be dalMned to "_a,.alver_of sny
<br />olher or slmU.r delaulls subMQuenlly QCOU"lng.
<br />
<br />21, Truator Not AetauacL extensIon of the tllM fOf' ~ytnM'lt or modlflcaUon or
<br />amortlzaUon of lhe sums secured by this Tru.t DHd_vranted by ~.Io...,
<br />suc~esaor In lnterlttlt 01 Trustor shall not operale to r....... In any ~,*~,t~-
<br />I!ablllty 01 the Grlginal Trustor or Trustor's .uccaeaor In In....l BenafIc'*J .....11
<br />not be required to commence proceedIng. agalna. such auCOMePr or ~-to
<br />ettend time tor payment or OUlerwlH modify amortlzaUon of IM-eu..... MCUNd by
<br />tnls Trusl Deed by reaSGn 01 any dem.nd made by Itle original Trustor and Trustor's
<br />succe8S0rs In Interest.
<br />
<br />22, Default. it there shall be a delaLilt under this DMd ot Truat or under "-Y' prIor-
<br />mortgage. the BeneficIary mllY. cure SUCh del.ult, .nd ttMl amount. "-qnctctby..
<br />and olher coata .nd expenses of the beMI;clary In curing such defaull, wlttl
<br />tnter.at at the default rala contained In the Note ucured -.y trom -ttle llme-C>>f
<br />lhe advances or payments shan be added to theln(\aOtedneu MOuNd bV Ihls Trust
<br />Oeea and may be col'-cttld hert)<Jnder at any lime, alt.,. the t11'Tle of such advancea
<br />or payments and ah.1l be deemed 10 be HOured Web)'.
<br />
<br />23. O~ioft to F...ckIM. Upon the occurance 01 any d.'.ult hereunder, BeMtlctary
<br />shaU have the option to loreclGse Ihill TrUll! 0Md In the mannw pr<wkMtf by law for
<br />the torecloaure of mortgages on real proper1)'.
<br />
<br />24. Tl'W,ora Rights, Abeant OrIfaulL Until any default In the pa.ymttnl of
<br />indebtedness hereby secuuld or ur.UI the br..,;h of any coy.n.nt herein contalnad,
<br />Ihe Trustor, Its successors and aMlgna, shall poe.... and .nJoy the proparty. and
<br />receive the rents and prollts therefrom. Upon payment of sU sums aecu..-d by lhlll
<br />TrUll1 Deed. BenefIciary shall feQU8'St Trustee 10 recGn'Jey the property and ahall
<br />surrender this Trust DeltO and all nOlea evidencing lndebtedneu secured by this
<br />T'.U$t Deoo tQ TrustoCl. T'usl" shall reconvey tho groperty without wananly and
<br />....Itnout charge to Ihtl persons legally entitled thareto. Tr. Graol. In ,any
<br />f8COnVayance may be descrlbed IlS "tha parson or persons entltl~ th.reto," and
<br />lhe recitals H'l6rem of any ;nailers or facIa shall be conclU$Iv-e proof of lhe
<br />lfulhlulness mareo!. Suet', person or persons shall pay all Cosls of recordIng,!! any.
<br />25 Accel.ratlon In 10. E".nl 01 Tran.'.r.ln the event the Iltle to aald real estale Is
<br />translerred, 01 conlra,;;ttlO 10 be trll.f'slerreo, from the unaerSlgned for any reason or
<br />tly any metnod whal~oevel. Ih", enura prinCIpal sum and accrued Inter6st shall III
<br />once be-come due and paydolt: III We aiectlon olthe Benallclary, Failure to exercIse
<br />t!'lls option 06cauSO 01 tranSlllr 01 \tIle as above stated in one Instance ,hall not
<br />conslllule a ;;'-::11..8:' olt"'<8 noht 10 t}'tHClse the same In the iive,nl of any subsequent
<br />t,ansfs!
<br />
<br />:e. Yh,;:: ::~~:;:;~ :;;';<;: :<; j..ro:", :;; "ros ;::..l~ .
<br />
<br />Nnupmhgy 1) lO~J
<br />~,-=-::....=._.:::-,::,~-,-,-~~. ~ ~...-
<br />
<br />o.oculeo b}' T'UltOI I.:> C l? m.!lt~"r ~j, al.,_ t~.J;~-1____ Truet..,
<br />
<br />IHKUfUlg ll"rtn;;;lp.1 nOle lor - - F i 1.~ Y- =J;:i_RhJ~. T_b.2J,L~,a US; --
<br />
<br />{)oilale and tiled f{1' r.c:Ot<:l....f\r' n'e ~eQlat.t ....., Doode &nd ,cenll!ltK! all lollows
<br />
<br />DiJC.Uill<:lH {!8~-004H4li
<br />
|