|
<br />a411h~Pwa~16\~alp.IY aUf! il"r1 (l<lyahl.. 0" t'cJ~Ir" ..n<1 snail
<br />tle8r"'le.tfll,'lIt'rTl~Ift1I;ITI.III)""'aOI..1f!qal'i!I" [}")\.I'dl:r1 'IO......P"." lhal;;ITt\p
<br />.-,pIIO" 01 8llnAficlif'ry 6, Utis;lri~ such ~I)"'" "'"v tJ(. :!c1r1r,,11n T"p p',r,clnal tJa.ancf!
<br />of i;lny ,ndeblednflSS secured hen'f)v 11'"j ~nall t,..a, lhf' sam[> ''-'\1'''''51 i.lS 'ilWh
<br />If\(1aOladnass and shall be na..al)l" ralaDI, C1.e' thu remal'1Jnqlerrn UH:!rl>ol
<br />
<br />I
<br />
<br />TO A..19nm.nt 01 Rent!l BfI"fl1icoarv 5"all hil"';> th.. flqht pnwpr ann ilulhOflly
<br />dunngthe conlmuance 101 lh+s T'U51 Deed to COIlf'Cl1he renl!> 'SSue5 and p'01'15 01
<br />the Property and o' any personal p'oper1y localf!O IhfHf!on ,.."HI Of WIIIlf)ul tak.ng
<br />possession of the prnperty allected hereby, and T'u<;Tn' neretly absolutely ant1
<br />unconditiOf'fJlly assigns ",:1 suen '~n!s '~<;L"lS and profits TO BenefiCiary
<br />Benefl'-;Iary rlOWever he'efJy enns!'nts 1<> !I'l' T'usIOl-~ e(,III'CI'on and ,ptentlo" o~
<br />SUCh rents .ssues and p'ofils <IS Iney aeeru... <lnd berome oayahlf' so long as
<br />Trustor '5 nol al such (Imes '" detaull ""In "l~l1ect IC, pay",ent ,.,f any
<br />Fndebtedness secured hereby or .rl Ihp oerfO"T1a'lrf' "I ;lny agreement "ereunder
<br />Upon any sucn default BenellClary ma)' at any tLfl'f' e,tt1e' on p<'!rSOf1 by agent, or by
<br />a receiver to be apPOinted by a courl, w'tnout notK>! and w.tnoul regard to Ihe
<br />adeQuacy of any Sacullti' for the Indebtedness hereby Secured_ lal ente' upon and
<br />take possess;<)'l of the P'operly Jr any parf tne'eol anrl in tIS own name sue lor Of
<br />otherwise colfect such renlS. Issues and prollts mcludlng those past due and
<br />unpaId, "nd appty me same, less COSlS and ex"enses 01 operation anI' collection
<br />Il"\cludln~ reasonable a!lomev lees upon any Indebted'less secured hereby, and In
<br />SUCh order as Benellc'ary may dete.m'ne Ib\ oer/orm such acts of 'epaff or
<br />prolecllon as may O€ neCeSsa,y or (HOner to conserve the value of the P'operty. lel
<br />lease the same O' any per! ther('ol 10' such renlal lerm "nn upon suc" conditions
<br />as Its ,udgement may d,ctale Unless Trustor and Benet,c'ary agree OlherwFse In
<br />.....rltlng, any application of renlS Issues or PU::!1'5 l') any '''dabfedness secured
<br />nereby shall not extend or poslpone Ihe d,)e dale o! th'! Inslallment payments as
<br />provided in said promissory note O' r.hange the amount 01 SUCh tnstallmen:s The
<br />entering upon and taking possession of the Property nle colh:>ction of such rents
<br />,ssues and profitS, and the appHcallon Ihereof as aforesa." Shall no: waive or cure
<br />any delault 01 r'10llce 01 defaull n",'ewH1'" 0' "'~a"dalp any act donp pursuanl to
<br />such notice Trustor also ass.gns 10 Benef,c,ary as funhe' secuffty 10' tne
<br />performance 01 the Obligations secured neretl'r all prepaid renls and all monies
<br />whiCh may have been or may nareatter be depos.led w,tn sa.d TrustOI by any lessee
<br />01 the Properh, 10 secure lhe paymen1 ,')r ilny rf''11 iI'1d upOn Clelaull 'n the
<br />perlormanee of any of the P'ovls,ons hereof TruslO, aQ'N'S 10 dehvet SLlch ref'1s
<br />and d ns.t$ 10 the Benef,clarY Dellvf'.' ,., "'''lip" ~,'ltCe 0' Tne Beneflc<ary's
<br />e,..erclse L - ,718 "ghls 9'anled hf"€'<n I.~ il'lv ''''''ant (HfUp.,ng S81d p'emoses snail
<br />be sufllc.ent to 'equrre said tenant t" Oil~ salLJ 'f'nl In I"... Benehe.ary u'1td fwlne'
<br />nOtiCe
<br />
<br />11_ l...... P....m.... WithIn 10 days afrer demand. Trustor shalllurnlsn Ie Trustea
<br />a schedule certIfied to be true, seWn!)' fonh all leases 01 space In the Trust
<br />Property then In ellecl. Including, In each case. the name Of the tenants and
<br />occupant!l. a descrIptIon of the space occupied by such tenant and occupant. the
<br />rental payable lor suen space and such other Information and aocuments with
<br />respect 10 such leases ano tenanCies as tne TrUSlee mal' request
<br />
<br />Without the prlor wrlllen consent of TruSlee. Truslor snail not, directly or
<br />Indirectly, with respecl to any lease of space In trle oescrlbed premises, whether
<br />such lease Is now or herealter In el[lstence; (a) accept or permit any prepayment,
<br />discount or advance rent payable tnereunder, 10) cancel Of lermlnate the same, or
<br />accept any ellncell.tion. termination Of surrender Ihereol, or permit any event to
<br />occur which would entitle the le!l!lee thereunder 10 terminate o. cancet the same; (Cl
<br />amflnO or modffy the !lame so as to reduce Ine term thereot the rental payable
<br />thereunder. or to change .ny renewal prOVisIons tllerem contaIned; tdl waive any
<br />oelaulI thereunder or breach thereof: tel g.ve any consent. waiver 0' approval
<br />thereunder or take any other acllon In connection therewlU1. Of wilh a te!lsee
<br />tllereunder, wnlch WOUld nave the elfecl 01 ImPairing Ihe ..alue O! fessor's Interesl
<br />thereunOer, on lhe Properly Sub)eCI tnefeto, 0' or .moalflng tne poslllon O. Inleresl
<br />Of the Trusllle or BeneftClary, or II) sell, aSSign eledge, mortgage or olherwlse
<br />dispose o!, or encumbel. lIS Interest .n any s....ch leaSe or any rents, ISSUtlS 01 profits
<br />I!lsulng or arising thereundel
<br />
<br />t2. C~N1tlon.1f tWe to any paf! of the Property Shall be taken 10 conoemnatlon
<br />proceedings, o.y right 0: emment domain or Slmllal aclton. Or shall be sold unClar
<br />thre.t 01 condemnaUon. all awards. damages and proceeds are hereDy assigned
<br />and shaH be paid to Beneficiary who shall apPly sucn awards. damages and
<br />proceeds to the sums securea by the Trust DaltO, .....Ith tfle excess, if any, paid to !he
<br />Trl>stor, Trustor will promptly, and wllh due ail!gence. rspalr, alter and restore the
<br />remalnfng part of the Trust Property to Its former condillon substantially to the
<br />eldenl that the same may De leaslbla and 50 as to COnStltuta a complete and usable
<br />unit
<br />
<br />13 Futu~ A..nce.. Upon request 01 TruSl0r. 6enetlCiarf. at Banellciary's option.
<br />prior to reconveyance 01 lhe Property 10 the Trustor, may make future advances to
<br />111e Trustor Sucn future advances, ...'llrllnteresl thereon, snat! be securao by thiS
<br />Trust Da&O when evidenced by promLSSOry notes sta!ln~ tnal saId noles are
<br />secured hereby. pro~lded t"al at no l,me snali P'e seC\Jreo prlnc,pal, ruture
<br />ad__ances. '"l01 ff'!CI\JOllll;l sums aovancoo 10 p'otecl the secufl1y tlxc6e(l one
<br />hundred percenll~OO%) of the original p'li1Clpal <:I.rnOunlS secured l'lareby
<br />
<br />,,,. RMntClle. Cumul.U,.. All remedies provided In thle Trust Deed are distinct and
<br />cumulati~t1 to any Olher right 01 remedy undel thIs Trust Dead or aflofded oy law or
<br />8Qul1y, and may be exercised concurrenlly, Inoependanlly or succesSl'oely
<br />
<br />L
<br />
<br />15. A~I.rIIUon; RIHnedI..; 8el.. Upon oetault by Trustor In the payment ot any
<br />Ind&bledneM secured hereby or In the perlormance 01 any agreement hereunder,
<br />BenellClary may declare alt sums secured nafeby Immediately due and payable by
<br />d.llve!)' to Trustee 01 ....'Itten declaratlOn 01 default_ The TrusttKI shall havs the
<br />power 01 sale 01 the PfOP&fty ana lt Benehclary desHes the Pfoperty to be sold, It
<br />shall depoelt wlth Trusle61hlS Trust Deed and all promissory notes and document!l
<br />evidencIng sxpendll\Jras secured nereby. and shail dellvsr to Trustee. a wrltlen
<br />notice of dsfaull and elecHon to c6use the Property to be SOld, a.nd the Trustee in
<br />turn shatl prepare a Slrnllar Nohce In the torm requ1reo by law, which shali b6 duly
<br />!Hed 101 record by Trustee
<br />
<br />(al After the lapse ot S....Cfl tlma as mat be raqUlre<l by law tOhowlng lne record
<br />allon 01 said notlC6 of default, ano f1olfc& 01 delaull and notice 01 sale having
<br />been gIven as reqUlleo by law. Tluslee. w.thout demand on Trustor, shall sa(1
<br />tha Properly on tne aate ano al the time and place cleslt;jnateO In sam nollca of
<br />sa,e, al public duct.on 10 lhe f'f1ghest b.ddel, Iha pUfchase prIce pajlabla In
<br />'awful mOflajl ot the Unlled Stales a! lne lime of sale Tile P&rSOn conductlng
<br />the s.ale may, 'Of afljl .:.auae he oeems e"pedlant, postpono the sale Irom time
<br />to time until It shall be compieteel and, In every Such case, notice 01 postpone.
<br />ment shall be g.ven by public decliHalton th6reot by such person at the time
<br />and place last appolnle<! lor the sale, prOvided, II the sale 's postponed lor
<br />tongar than 11) day beyond the oa) dO~lf\lnal&C In :1>& not.ce ot sale, notice
<br />tner&Q! shatl oe glvtHllr. the :>ame mannal as tne original notice u! sale
<br />
<br />Trustee shail ellecu16 and Oetl~€" 10 Ihe purChase: hIS Deed con.eying lhe
<br />PrOPtlrtjl 5010. but ....ltnout any .:.o...anant or ...ana"ly. €l~press_ 0' lmplled_ Ti')e
<br />ra<;ltals In the Dead at any mailers or fects Shall be conclusIve proof of Iht!
<br />truthfulness lh6reof An"'; parson. '''dudln" Benellclaly, may pUlchas6 al the
<br />!lale
<br />
<br />(b) When Trustoe sellS pursuant lQ the powElrs herem, lhe Tluslae Shall apply lne
<br />p'ocaOOs Of In. sale !o payment 01 the COllts and 8Xpel>Stl:. 01 e~arclSlng lhe
<br />power ot sale and 01 the sale, IncluOlng the paymanl of tl1e Trustoe's Fees
<br />actually Incurred, not to aXC88(l --0-,- '-,,)1 lhe sale price. and than to
<br />the (tams In !lubparagrllph IC) In tne order thare slaled
<br />
<br />ic} Aller paytng the IIams speCifIed III 5ufJparaglaph IDI H lh.., ".;Ie IS by Trugtee. 0'
<br />the proper coun and olh6'I costs 01 lorecloeUl6 and 5al13 -' the '"aie'~ pws"an!
<br />\0 judICial lor8ClOflIJre, lho pror.eeds o! sale shall De app"",(l n It'ij '.J'oJer slaled
<br />\0 the paymenl ot
<br />
<br />fl) Co~t ot any eYldence ollllfe p'ocl,Jrell 'n connectIO"' ",.\r, ;",\~n ~"Ie "nc cl'
<br />an)' reven'le slamps,
<br />
<br />Ht) All sum:, tr>enseLu't1d "erlltl~.
<br />
<br />dill 11\il remalntlm, ,I oJn~ 1() 111e(}&rs<Jn '''Qll~'Y enl,Pad t"" W
<br />
<br />I
<br />
<br />16 Oilll.. end Obllg.tlon. of Tru.'.. lal r"e dulleo; en<:l al>hgat.ons of T'uSlge
<br />snail be determlnerj lIollOl'y b-/lne ""press pro...ISlons. at !he Trust DeeO and TrJ6tea
<br />snail not be liable e~capt 10' tne pe,IormanCof:!01 such dulles ano obUgaltons ati'llre
<br />specifically sel lorth herein ,In(j no Implied covenanlS 01 obllgallons 511all be
<br />Imposeo upon T'ustee Ibo No Oro...15lon Ollhrs Trust Deed shail require Trustee to
<br />expenrJ o. risk h,s own lundS Of otherwise Incur any Ilnanclal obligation fn lhe
<br />performance Of any')' ,ts dulles !lere....noer, or in the exerCiSe of any of 115 rlghl or
<br />powers, ,III Shall have grounds lor believIng Ihat lhe rr.payment 01 .such lunds or
<br />adeQuale Indemn!ty against suer'! rts!r or Ilabl!i!y!s not rea"Qn~bly aSS-'Jr9d to It; (c)
<br />Tlustee may r,onsult Wltf, counsel of hiS own choosing and the advice of such
<br />counsel shall be !utl and Cumplele dutl'1orlzation and protection In the respect of
<br />any action taken 01 sulfered by It heoeuol1er w good faith and ren.nee thereon; (dl
<br />Tlustee !lhalf not be Hable for any action taken by him In good fallh and
<br />tleUeved by him 10 be authorized or wlthm tne diSCretiOn or rights ot powers
<br />conlerreo upon It bV This Trust Deed
<br />
<br />17 Addltlon.l Sec:urtty In.trument. Trustor, al its axpense, will execute and dell__er
<br />to the Trustee, promptly upon Demand, such security Instruments .s m,y be
<br />required by Trl1stee, In form and substance satisfaClory to Trustee, covering any of
<br />the Property conveyed by this Trust Deed. which security lnslruments shall be
<br />additional sacurlty lor Trustor's !althful performance of all of the terma, coven.n..
<br />and condlt/ons 01 [tUB TruSI Deed, the promissory notM secured hereby, and any
<br />other security inSlIuments E!ltecuted In connsctloo with thl, Iransacllon. Such
<br />Instwments shall be ISCOre/eel or lllad, and re-recorded and rerued, at Tru,tot',
<br />expense
<br />
<br />Ht. MtMlMlaneoua.
<br />
<br />(a) In Ihe event anyone or more of the provl&lon. contained In thll Truet o..d or
<br />the proml!lsory note or any other security Instrument given In conMCtton wJth
<br />this transaction shall for any rea!lon be held 10 be In'IUd, Illegal Of
<br />unenlorceeble In any respect. such Invalidity, UlegIIllty, or unent0rCMb4Nty'
<br />shall, atlhe option 01 BeneUclary, not affeclany other prOYIa6on Of thl. Trult
<br />Deed. but this Trust Deed shall be construed .s If aueh InvaUd, Il'-Dal. or
<br />unenlorceable provl!llon had never been conlalned tleretn Of" theretn.
<br />
<br />(b) This Tlust Deed shall O€ construed according to ttle laW8 of the ~. of
<br />Nebraska
<br />
<br />Ic) ThIs Trust Deed shall Inure to and bind the heir., Il!tCJRt.... dMl~
<br />administrator.!, executors, successor. and ...Igns of the patt_ -":0.
<br />
<br />{dl Trustor shall pay all taxes levIed upon thIs Truet o..d or the debt aecur.d
<br />hereby, togethsr with any olher Ibes or as...ments which may, be levied
<br />against the Trustee or Beneficiary or the lega' holder of hid promtnory note
<br />on account 01 the Indebtedness evidenced thereby,
<br />
<br />tel Whenevi1r used herein, the singular number shall Include tl'fe plu,.I., the
<br />singular. the use 01 any gender shall be applicable to aU gendere, and the tann
<br />.Benetlclary" shall Include any pay.. of the indebted"... ~ aecuNd or
<br />any transfer lhereot, whether by operatton of law or otherwl..,
<br />
<br />19_ 5ucceeaor TN.'''' Beneftclary may Irom time to time aubstltute a aucceHOlOf
<br />succe!lsors to any Trustee named herein or acUng hereunder to ..ecUl. this Trull
<br />Deed. Upon such appolntmanl and without convey.nce to the aucc...... True....
<br />the lalte, shalf be vested with all Itlle. power.. and dut'" conferfM upon any
<br />Tru!ltee herein named or acting hereunder. Each such appointment and
<br />eubsUtuUo" !lh.1i be made by written Instrument by S~tclary. contaiN..
<br />'Ellerence to thIs TrU!lt Deed and Its place of record. which WMn rKOtdId In tM
<br />office 01 the Reglstar of Deeds ollhe county or counU.. In whk:h MId property ..
<br />situated shall be conclusive proof 01 prOper appolnl~nt of lhe .UCC888OfT""....
<br />The 10regOlng power of substitution and the procedure tl1eNfoN .hall not be
<br />exclusive of Ihe power and procedure provided for by la. tor the substltutlOn of a
<br />Trus!ee or TrustMSln the place 01 the Trustft'
<br />
<br /><:0, Forb..fllJIA by ...,kia" or iNe.. "Gi . Viiln.. AfI) ivi___ilir~ by
<br />Beneficiary or Tru!ltee In exercising any rIght or relMdy hereunder, Of otherwl..
<br />afforded by applicable law. shall not be a waiver 01 or preclude the ...el.. Or any
<br />right 01 remedy hereunder likewise, the waIver by Beneficiary Of' Tru.... of any
<br />defa\,llt of Trustor under thl!l Trust Deed shall not be deemed to be. .alver Of any
<br />other Of similar defaults subsequently occurring.
<br />
<br />21. TNStor MDI ......... ExtensIon 01 the time lor payment or modltlcatlon Of"
<br />amortization at the sums secured by this Tru!lt Deed granted by Beneficiary to any
<br />successor in lnter.st 01 TruSIOr shall not oO-falta to ,.teaM. In eny man...... the
<br />tiablUty 01 the origInal Trustor or Tru!ltor's succ..sor In Int..... BenetlclltTy ahall
<br />not be required to commance proceedings against such succe~ or ~fu.. to
<br />extend time lor paymenl or otherwl!la modify amortization of the wma NCUNd by
<br />thl!l Tru!lt Deed by reason 01 any demand made by the original Trustor and Tru.lor's
<br />SUCCEl!lsor~ In Interest
<br />
<br />22. Delault If there shall be lit aelault under this Deed of Trust or undW Iny prlol
<br />mortgage, Ihe Beneficiary may cure such default, and the amounts adY~ by,
<br />and other costs and expense!l of Ihe benellclary In curing .uch default, with
<br />Interest at the delault rate conlalned In the Not. sacured herey from the time of
<br />the .dvances or payment!l shall be added to the Indebt<<lne.. Meured by this Trult
<br />Deed and may be collected hereunder at any lime after the time 01 such *,vance.
<br />or payment!l and shall be deemed lobe secured hereby,
<br />
<br />23, OpliOn 10 FOlKktM. Upon lhe occura,nce of any default hereunder. Beqtlclary
<br />shall ha__e the opUon to toreclo!le [hl!l Trust Deed In th. manner provided by la. lor
<br />the foreclosure 01 morlgages on real prOpe"y.
<br />
<br />2-4 Trustor's Rlghta, Abeent DelaulL UnlU any delault In the paym"nt 01
<br />mdebleoness hereby secured or until the Dreach of any covenant he~ln contalnlkl,
<br />the Trustor, lis successors and assigns, shall posseslli and enjoy the property, aod
<br />receIve the rents and prollts therelrom. Upon payment of all sums secur~ by thle
<br />Trust Deed, Benellclary shall reQutJSt Trustee to reconvey the property and shaH
<br />surrender thiS Trust Deed and all notas evidencing Indeblednea!l secured by this
<br />Trust Deed to Trustee. Trustee shall reconvey Ina property without warranty and
<br />without cllarge to the persons legally enUtled thereto_ The Grentae In any
<br />reconveyance may be described as "the person or persons entltled thereto," and
<br />lhe recitals theloln 01 any matters or lacls shall be conclusive proof 01 the
<br />Iruthfulness the'eot Such person or pel !Ions shall pay all cosls 01 recording, If any.
<br />
<br />25_ Acceleration In the Ewent of Tr.n.ler. In tha event the !ltle to said real eatate IS
<br />I'af'::lleffev, 0' .:.ontracled \0 Ol:l tlanslerrad. f,om Ihe underslgnad for any reason or
<br />by dn~ melnoa w!ldtsoeve', Iht! fI"(lfe prinCipal sum ano accrued Inlerest shall at
<br />once become due and payable at the eleCtion of the Beneflclary_ Faliule to elf.ercise
<br />lhlS option because 01 translar 01 tllle as abo~e stated In one Instance shall not
<br />conslllute a waiver 01 In" rIght 10 exerCise the same In the evant 01 any subsequent
<br />transler
<br />
<br />2'&. ThiS dMd olllu&t ISlunJl)' 10 ana oaled ~.-=.2Q::-_81 :. 5~~,l- 8(-8 3
<br />Small Buslness-AamInlstra~lon 2)
<br />beculeo by Trulto' ti.! First_ Nat..ional___B..@k..^Q.L__(;"JrJ....,
<br />
<br />securlngaprlnCIP&ln<~tnTo' 30,OOq_; 16,500; lS,OOO
<br />
<br />Dollar" ana 'lilt(! 101 'l:!'C0rd With nIt! Register of Deeds anc ld!'I!111f>ed lU tollowa
<br />
<br />81-002596; 81-002597; & 83-0()"992
<br />
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