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<br />~r-__
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<br />,'In c"',' 84 - 00288.,
<br />Bnd, wlIhoul oemand shall Uj~.JI."We;ahd payabl8'by TIUSlllr and shall 16 Oul'" and Obltgllllkmlll of TN..... (8) The duties and obllgaUons 01 Truslee
<br />bear mterest at the maJ<lmum allowable legal rale: p{o"l~d. h.ev@r, that at the shall be delermlne(l sOlely by the express provisions of the TrulIl o.ed and Tr""..
<br />option of BRnehclllry or Trustee SUCh sums maY' be added 10 Ihe principal balance shlllll nol be liable 8:>:cept tOt Ihe performance of such duties and abllg.llon.a .t.
<br />0/ any indebtedness secured hEHSby and shall bear Ihe same Interest as Such speclllcally sel forth hereIn, and no Implied coven.nts or obUg.llone Sh81"'be
<br />Indebtedness and shall be payable ratably over Ihe remalf1mg term thereof Imposed upon Trustee: (bj No proviSion ot this Trust Deed shall require Ttu.t.. 10
<br />expend or risk hIS own funds, or otherwise Incur any IInancl.f obllg.t1on In the
<br />performance 01 any ')1 lis dutles hereunder. or In the exerel.. of eny of Its right C;r
<br />powers, If It shall have grounds for believing that the repayment of .uctl 'unds or
<br />adequate Indemnity against SUCh risk or liability 18 not tusonably ...uted to It; (e)
<br />Trusl_ may consull with counsel 01 his own chooalng end the adlrtee of such
<br />coun"1 shall be lull and complete iIIulhotlzatlon and protectk>>n In the re.,eet Of
<br />any action taken or &ullered by It hereunder In good faith and reliance ttleNOn; (d)
<br />Trustee shall nol be liable lor any acUon taken by him In good t.lth and
<br />bellev~ by him 10 be authorlled or within the discretiOn or rights of poww.
<br />COflferred upon It by Ihls Trusl Caed'.
<br />
<br />10, ....."nrnent 01 A.nt.. BenefiCiary shall have Ihe flghl. power and aulhorlly
<br />during Ihe continuance Jollhis Trusl Deed 10 coHecllhe renlS. issues and prollls of
<br />the Property and of any personal proper1y located Ihereon w,fh or wtlhout taking
<br />po5~et5SI0n 01 lhe proper1y affecled hereby_ alld TruSlor hereby absolutely and
<br />unconditionally assigns an suen 'ents, Issues and ploms te Beneficiary
<br />Benellclal'Y. however, hereby consenls to lhe Truslor's collectIOn and retenfion of
<br />such renls. Issues and proflls as they accrue and become payable so long as
<br />Truslor is nOI, at such t,mes, In delaull wllh respecl 10 paymant of any
<br />indebtedness secured hereby or Ifl the performance of any agreemenl hereunder
<br />Upon any such default, Benellciary may at any time. ellher In person. by agenl, or by
<br />a receiver 10 be appolnled by a courl, wlthoul noUCe and wllhoul regard 10 the
<br />adequacy of any securily tor Ihe mdebledness hereby secured. fal enler upon and
<br />take possession of the Properly or any pari lhereof. and lf1 !IS own nama sue for or
<br />otherwise collect such renls, Issues and protils, mcludmg Ihose pasl due and
<br />unpaid. and apply Ihe same, less costs and expenses of operalion ahd colleclion
<br />Including reasonable attorney fees, upon any indebledness secured hereby, and In
<br />SUC" order as Beneficiary may determine: tbl perform Such aCIS 01 repair or
<br />prOlection as may be necessary or proper 10 conserve the value 01 the Property: (c)
<br />lease the same or any parf Ihereol for such lental term and upon such conditions
<br />as lis ludgement may dictate Unless Truslor and BeneflCl1H)I agree olherw,se In
<br />writing. any apptlcation of renls. Issues or prollts 10 any tfldebtedness securea
<br />hareby shall floi extend or Poslpone Ihe due date 01 Ihe installment paymanls as
<br />provIded In said promissory nole or change the amounl Of such lflSlallmenls The
<br />enlerlng upon and taking posseSSIOn 01 the Property. Ihe collec110n of such renl8,
<br />issues and proWs. and Ihe application Ihereof as aloresald sMail not waive or cure
<br />any detaull or nOlice 01 defaulT hereunder 0' ,"validate any acl done pursuanl 10
<br />such 1'10tice Trustor also aSSIQns to Benellcla', as further secunty for the
<br />performance of the obligahons secured nereby, all prepaid rents and all momes
<br />which may have been or may hereafler be depOSIted \,\Inn said Trustor by any lessee
<br />of the Property, to secure the payment 01 any rent dnd upon delaull in the
<br />performance Of any 01 Ihe prOVISIons hereol Trustor agrees 10 delover such rents
<br />and deposits 10 lhe BenefiCIary Del,very 0' wnnen notIce of the Benef!Clary's
<br />exerCise r' 'he righls granled h€'eln, to an, lenant occupyIng said oremlses shall
<br />be sultiCl8m -'J reqUire SSICl lenanllO pa, s<lld renl 10 the BeneftClarv unlll furlher
<br />notice
<br />
<br />11, l....... P,.m..... Wl1hln 10deys aUer demand. Trus!or shall lumlsh to Truslee
<br />a schedule cartllled 10 be !rue, salting lorth all le8ses of space in the Trust
<br />Property then In efl&cf. Including, In each case. the name of the tenanls and
<br />aecup.nts, a descriptIon ollhe space occupied by such lenant and occupanl. Ihe
<br />renlal pay.bte for such space and sucl'1 other Information and documenlS with
<br />r8tlpect to such leases !lnd tenancies as Ihe Trust&e may raques!
<br />
<br />Wlthoul the prior wrllten consenl of Trus!ee. Trustor shall not, Clirectly or
<br />Indirectly, with respect 10 any lease of space In tne described premises. wheltle!
<br />sucn le.se Is now or hereafler In existence: ia) accepl or permit any prepayment
<br />discount or advance renl payable Ihereunder: lb) cancel or termlnale the same. or
<br />accept any cancellallon, termlnellon or surrender thereof, or perml! any evenl 10
<br />occur which would enlltlathe leM" thereunder to terminale or cancel1he same: iC)
<br />amend or modify the same so as to reduce the lerm thereot, Ihe rental payable
<br />lhereunder, or to change any renewal provisions therein COlllalned: (d) walve any
<br />def.ult thereunder or brNch ther&of: {e-I give any consent, waiver or sDproval
<br />thereunder or lake any other acllon In connection thereWIth. Qr With a lessee
<br />Ihereunder, whICh would ha..-e tI'le effect of Imoalrlng the value of lessor'S Inlerest
<br />thereunder, on tha Prooerty subject therelo_ or Of ImOalrlng Ihtl ooslUon Or Inlerest
<br />of Ihe TrUSIfl9 or BenefiCiary: 0' m sell, aSSign. pledge, mortgage or otherwise
<br />dispose of, or encumber. Its interest I" any sucl'llea5e or any renlS, Issues or profits
<br />Issuing or arising Ihl!lreunder
<br />
<br />12. Condemnatfon.11 IJtle to any part 01 the Property shail be taken In cOl'ldemnatlon
<br />proceedings, by right of emlnenl domain or Similar acllon. Or shaH be sold under
<br />Ihreat 01 condemn.llon. all awards, damages and proceeds are neretly assigned
<br />anD ahan be paid 10 Beneficiary WhO shall apply such a",.rdS, damages and
<br />proceeds to the sums secured by the TruSI Deed, wIth the excess. if any, paid 10 Ihe
<br />Trustor. Trustor ",Ill promptly. and wllh due dlllgenC9, repair. alter and restore the
<br />rema/rllng part of the Trust Property 10 ils lormar condition substantially 10 the
<br />extent th.llhe same may be fl!laslble and 90 as to constltule a complele and usable
<br />unit
<br />
<br />13. FutuN AdwancM. Upon r&Quesl 01 Trustor. Beneliclary, at BeneficIary's option.
<br />prior to reconyeyance 01 the Property to Ihe Trustor, may make luture adyances 10
<br />the Trustor_ Such future .dvances, wllh Interesl tnerean, shall be secured by this
<br />Trust DeecI when evidenced by promiSSOry nOles staUng that said notes are
<br />secured hereby: provldeO thai al no !lme shall the secured prinCipal, future
<br />adY.flces, not lnch~dlng sums advanced to protecl Itle s6Curity, exceed one
<br />hundrlld ~rcent (tOO%) of Ihe onglnal princIpal amounts secured hereby
<br />
<br />14. R........ Cumul....,.. All remedies proYlded In thlll Trusl Oettd are di.llnct and
<br />eumulaUvelo any other riOllt or remedy under thIS Tru51 Deed or aflorded by I.", or
<br />eQully. and may be eltercised concurrently. Independently or succesalvelY
<br />
<br />15, .....,.tlon; R__AM; s.... Upon delault by Trustor In the payment 01 any
<br />Inoebtednesa secured hereby or In Ihe perlormance 01 any agreemenl hereund.r,
<br />aen.flcl.ry may declare all sums secured heleby Immediately due and payabl. by
<br />cMlI~ to Trustee of wrlUen declaration 01 defaull_ The Trust.. shall have Ihe
<br />powtIr of sale of the Property and it Benellclary desires Ihe Property 10 be sold, II
<br />Shsll depoSit with Trustee thIs Trust Deed and all promissory notes and documents
<br />evidencing ex~dJlures secured hereby, and shall deliver 10 Trustee, a wrlllen
<br />noUc. of default and ele<:tlQn to cause the Properly 10 be sold. and fhe T<ustee In
<br />turn .hell prepare a similar Hollce In the form required by law, whIch shall be duly
<br />flied tQl" record by Trustee
<br />
<br />(a) After the lapse of such tim~ as may be required by laWill followmg Ihe record.
<br />atlon of uk! notice 01 dehl-uII, and notice 01 delault and nollce 01 sale hawing
<br />0..11 glyen as required Dy law. Truslee, wlthoul demand on TruSlor, shall sell
<br />the Property on the dale and at In. lime and place designated In said nOUce ot
<br />sale, at public auclion 10 the highest bidder. Ihe purchase price payable In
<br />IIlWlul mone~. 01 the Unl1ed Stales at the Ume of sale_ The person conducting
<br />lhe sale may. lor any cause he deems e~pedlenl, postpone the sale f10m time
<br />10 time untlllf shaH be completed and. In every such c85e, notice Of postpone.
<br />ment ahall be ol\'en by publiC declarallon thereot by such person al1htl Ume
<br />and place la.sl appoinled lor the sale, provided, It the sale IS postponed lor
<br />lon~r Ir-~n !l) aay neyond the Clay deslgnaled In Ihe nOllce of sale, notice
<br />thereot Shall be given In tile same manner as Ihe origin.1 notice of sale.
<br />
<br />Truslee shall execute and dellv6r 10 tile purchaser hIS Deed conveying the
<br />Property sold, but without any covenanl or warranty. express, or Implied. The
<br />recitals In tl"'.. Deed 01 .ny malt.rs or facts shalt be concluslye proof of tne
<br />trutnlulness thereot Any person, !ncluding aenellclary. may purCh.se al the
<br />sale.
<br />
<br />(b) When TruSleG sells pwsuant to the powars harem, thl;l Trusllle Shah apply the
<br />PfO(';eeds 01 the sale 10 paymllnl of the cosls and axpenslls 01 ellercIslng the
<br />pQwar 01 ule and 01 tn. sa16, IncludIng the paymenl of lhe Trvsttl8 s Fees
<br />actually IllCurrad. nol to exceed _. _,_____ _ _ ._____ "I. of lhe sale price, and Ihen 10
<br />thettams In subparagraph (clln lhe order !here slaled
<br />
<br />Ie) ~lt.r p.ylng the IIams spectll&d In !Subpalagraph {oJ II the sale IS b~ Tr;..I5h~e, or
<br />lhe proper court and olher costs of lorec!o$ute and s.aJe II tile saie is plJrSUllnt
<br />to!udlclalloreclosure, Ihe pr()ClIfldS of s81e shalf be appllw 1/llhe order staled
<br />to thti p.ymfll'll of
<br />
<br />ill Cost of an~ eVidence 01 litle procvrll(] In connecllon willI s...ch sale and 0'
<br />Itny le",enutl stamp!!,
<br />
<br /><Ill Aii .urn~ HI.1I S8Curea hl!lreoy,
<br />
<br />IlfIl n... 'ernalflder. 11 snJ. It> 11'!l!! pfHll<.Jn looall)l tlrltltlud Ih,,'alO
<br />
<br />17. AddItion.' Security In.tnam.nt.. Trusfor, at Ita expense, wlllbecut. and dItllvW
<br />10 the Trustee. promptly upon demand, sucn security Instrument. a. may be
<br />required by TrtlstH, In form and substance s.t1sfactory to-Trust.., ~tna ant of
<br />the Property conveyed by this Trust Deed, which aecurUy In.trumtnf. their-be
<br />additional security lor TrUStOr"S faithful performance ot all of tM terms, ~a
<br />and condillons of this Trust Deed, the promissOry notes secured hereby, and any
<br />other SftCurl1y instruments exltCuled In connection with Ihl. tr.ftMCtlon. SUch
<br />Instruments shalf be recorded or filed. and re-recorded .nd rell'-d, at Tru.t0r"8
<br />ttltpense.
<br />
<br />18.lIt.ceI........
<br />
<br />ta} In the evenl anyone or more of the provlslonll contel~ In thle Truat Deed or
<br />Ihe promissory note or .ny olher security Inatrumenl gl"," In connection- with
<br />Ihts trans.ctlon sh.1l for any reason be he4d to till InYllIId. II..... 01
<br />unenlorceable In any respect, such Inv.lldlty, lIIegellty. or unentorCMblllty
<br />shall, .t the option of Ben.tlclary. nol atrect .ny other -pnwl.lon ot this TllIIIt
<br />Deed, but this TruSI Deed sh.1l be conltrued as If such Invalid, Illegal, 01
<br />unenforceable proviSIon h.d never been Cont'lned herein or thweln.
<br />
<br />{bl This Trust Deed shall be conslrued according to the la.s of lhe Stat. ot
<br />Nebraska
<br />
<br />lcl This Trust Deed shall Inure to and bind the heirs, legat.... d--.
<br />admInistrator!!, execulors. success~ anetassigna Of the p.rttHlWHwto.
<br />
<br />(d) Truslor shall pay all taxes leyled upon this Trust Deed or the ca.b1 IMCU_
<br />hareby, together with any other taxes or aSMeSment. WhiCh may be .....,
<br />against the Trustee or Beneficiary or lhe legal holder of s.ld promlsaory not.
<br />on account of !helndebtedness evidenced thereby.
<br />
<br />{e) Wheneyer used herein, Ihe singular numbe1 shall include the plural, the
<br />singular, the use of any gender shall be appllc.ble to all gende.... and tM term
<br />'Baneflclary" shall Include any payee 01 the Ind~redneq hereby secuNd or
<br />any transler thereol. whelher by oper.tlon of law or otherwise.
<br />
<br />19. Suc~ Tru.... Beneficiary may trom tl~ to time substitute. aucceaMM' O!"
<br />successors to any Trustee named herein Of aCllng hereunder fO e.ecut. thl. Tru.t
<br />Deed. Upon such appolntmenl and wllhout convey.nc. to the ItJGCMaor Trust..
<br />the laller shall ba vested with all litle, powers, and duft.. cont."., upon any
<br />Trustee herein named or acting hereUnder, e.ch lueh .ppojnt,,*"t and
<br />substllution shall be made by written InStlument by Beneficiary, containing
<br />reference to thut Trust Deed .nd Ita pl.c. of record, which when lWCordect in the
<br />office 01 Ihe Aeglstar of Deeds 01 Ihe county or countl.s In whlch..1d property I.
<br />SUualed sh.1t be conclusive proof 01 proper .ppolntmant of the 1IU~ True_.
<br />The foregoing power of subatitutlon and th. procedure therefore &hatl not be
<br />exclusive of Ihe power and procedure provided for by law tor ttle lubI;t1tuUon of .
<br />Trustee or Trust"a In Ihe place of the Trustee.
<br />
<br />20. ForbrMnnM by ......lc..., or TNS'" Nat a W..... Any fo~ by
<br />Beneficiary or Trustee In exerclaino any right or remedy heNunder, or otMrwtM
<br />afforded by appllcable law, sh.1I not be . w.lver of or prKlua the uarct.. 01 any
<br />right or remedy hereunder. likewise, Ihe walyer by Beneficiary 01 Tru.t. of any
<br />default 01 Trustor under this Trust Deed sh.n not be dMmed to be a w.1vW of any
<br />other or similar delaults sllbsequeotly occurring.
<br />
<br />21. Tru.tew Not A....Md. extension 01 the time for payment or modification or
<br />amortization of the sums secured by this Trust Deed granted by EMneflclary to any
<br />successor In Interest 01 Truslor shall not operal. to r.I..... In any m.nnet', the
<br />liability of the original Trustor or Trustor's succesSOt' In Int......l. BeMflclmy shall
<br />not be requlfed to commence proceedings eg.loat 'Ui:h IUC~ 01' I'IIfuaa to
<br />extend time lor payment or otherwise modify amortization of the sums secu'" by
<br />tnlS TrusI Deed by reason of any demand made by the original Trustor and Trustor's
<br />successors in Interest.
<br />
<br />22. DeI.ul1. II Ihere shall be a default under this Deed of Trust or under any prlo,
<br />mortgage, the Benellclary may cure such defaull, and the .mount. adv.nc.a by,
<br />and other COSIS and expenses of the benaUcl.ry In curing such lietaull, with
<br />Inlerest at the default rate contaln&d In the Note secufed "ereby from Ihe IIIT111 of
<br />Ihe ady.nces or payments shall be added to the Indebtednen HCured by thl, Tru.t
<br />Deed and may be collected hereunder at any urn. aner the tilTlll of such ad..n~8
<br />or paym.nts and shall be d"med t-o be secured hereby.
<br />
<br />23. Option 10 ForKIoM. Upon Ine ~curance of .ny default her~ndet, BeMflclary
<br />shall haye the optlon 10 foreclose this Trust Deed In the man~r provIded by law for
<br />the foreclosure of mortg.ges on relll property.
<br />
<br />24_ Tru.tor'. Right., AbMnt Delault Until any delault In the payment 01
<br />lnd.bl~ness hereby secured or until the brMch 01 any cOlrenanl her.ln contained,
<br />the Truslor, Its successors and assigns, sh.ll pOheu and enjoy the ploperty, and
<br />rec-ttlve the rents and profits Iherelrom. Upon paymllnt of.ll sums 88Cur6d by Ihls
<br />Trusl Deed, Beneflclary shall request Truslee to reconvey the properl) and sh.ll
<br />surrender (his Trust Deed and all notes evidenCing lndebled,..s secured by Ihls
<br />Trust Deed 10 Trustee. Trustee shall reconvey Ihe property without warranty and
<br />without charge to the ptlrsons htg.Uy enUtled thitreto. The Grant" in any
<br />reconyeyaflce may be descrlbed as "the parSOn or persons enlitled ther.to:' and
<br />Il'!e recitals therein of .sny matlers or facts shall be conclusive prool of the
<br />IrUlhlulness thereot. Such person or persons shall pay all costs 01 recording, If any.
<br />
<br />25. ...~I..lIon In IIMl E...nt of Tran.'ar. In Ihe event the tiUe to said real eSlate IS
<br />lfani.lelitt4, Or <..onlracled to be llaf\slerraa, irom Ihe unaerSlgned for any reason or
<br />b,. an.,- mathOC: ..hiit5vo'..ar, :h~ 3nl:nt pr!ncipai e-um and aCCflH!a 1n!~H@-!It sna!l!ilt
<br />once become Clue and payable at Ihe eiectlOn 01 the Benel!ciary. Failure 10 exercise
<br />this opllon because 01 transfel 01 title as above slated In ona Instance ahall nOI
<br />constltule a waIver of Ihe light to alierelse the same in the event of any subsequent
<br />Iransler
<br />
<br />lI!l, Thla d...:l 01 trvlIl I. IUf\lQr to one dllled .N.tA-_
<br />
<br />.ltecuted by Truslor IV
<br />
<br />. Tru.t..,
<br />
<br />securing a pflne/pal note lor
<br />
<br />Doltala ano fUlI'd I",r locora.... 'h I/'Ie Reglel.' 01 Deeds anClldenlltleCl aa 10110....
<br />
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