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<br />I
<br />.. ,.. . ~4---~ 002891
<br />1 '.~ 1 _ r
<br />and, iNl!houl t1emunf1~'st'Il.11 bf! !.M'~h c:lue <lnd paydblr: :J... Trll~!'Jr 30,1 Shall 16 Outl.. and Obllg.t1on. 01 l.u.I.. .al r~1f~ -jutles und uO"gat,or.s ul TruSleo
<br />!leaf .nterest al Ihe (Y\a~,rr>"m dllowanll-' ''dO'" 'ill.. ;'[://1(1,,0 IK'WBVP.' I"al ~I thO snafl be detormlned ~olely Ly the ",.pres!> "rn~'S'OflS or the T'ust Deed and Trustee
<br />option 01 Bentt!'C1iHr "r Trustee suct> ..U.....~;<T\d. IA. "d(\,;O It; t'lP. D"nClpal balance shall not be haOle 911:epl fa. 111.. oer/r)tf'<1ance 01 ~uch duties and oOllgat;on$ as
<br /> are
<br />01 any mdebtedness s&cured hereby and <;hall t.eal Ine "am" ,nterest as sucl1 spec!flcaHy set forth I;ereln clnl1 no 'mplled covenants or obUgallons .-;tlall be
<br />Indebtedness and shall tie payable '1Il,;.oly ,lvel :f1e 'errdlnH~g Ie",.; It'tHeot Imposed UpOfl T'usTee, Ibl No DrOv\smn ot In Is Trust Deed Ghall reQUire Trustee to
<br />'.lxpend or riSk hiS own lundS or c;therwlse Incur any financial oOUgatlon In the
<br />performance of any 01 Its duTies hereunder, or In the exercIse of any ot lis right or
<br />powers. i! it shall h...a ~rcu"d~ tor lJeli8'~ln\l tr,at tile r",payment 01 such lunds or
<br />adeQuate !ndemnlty against such rlSk 01 ilabllily IS not reasonably assured to It; {C)
<br />TrustfIfJ may r:onsutl ....ith counsel of IllS own cnoosing and the advice of such
<br />counsel shall be lull ano complete duthorl.latlon aOIl protection In the respect 01
<br />any actIOn taken or su"ered by 'I hereunder In gooa faith and reliance tnereon; (d)
<br />Trustee shall not be I.able lor any action taken by hIm In good lalth and
<br />believed by him to be authorized or wiltlln the discretlon or rights 01 powere
<br />conferred upon it tly troIS T.ust Deed
<br />
<br />10_ Asslgnm.nt 01 R.nl.. Bene',,';l3', St\311 r)ave lhe tlghl, power and authonly
<br />during the conHnuance jOllhlS T'uSl Deed to COllect the renls, :ssu..S and prollls of
<br />the Propelty and 01 any personal properly localed !tlerBon ....'Ih or .....Ithoul laking
<br />pos~esslon 01 the omperty alfected Ilereoy, and T'ustol hereby absolutely and
<br />unconditionally assIgns ail such rents. 'ssues an(l prollts to BenefiCiary
<br />Beneficiary. however her(-bv .0nSf.nts to H"~ T'ustol'" (OllectH)..... and ffi'tantion ot
<br />such r"nls. Issues and plc,tils as I~ey <le(:'if. "no Decom~ (,ayaNll so long as
<br />Trustor '5 'l01 al suef1 times '0 del <lUll ..qh 'f>Sp"ct t-') Gayment Of any
<br />uldeblednes5 secured tl':neb~' ell <<1 1he perfonnance of any agre,.,menl hereunder
<br />Upon any suen delaull, BenetiC!ary ''1a.,. al an,; I,me, €-I!fl", 'n person Dy agent. or by
<br />a receiver !o be aPPOinted by a court, ",,'I:lOut ',OI'CO and w'woul fegard 10 the
<br />adeQuacy 01 any socurol'y tor the ,"debtl"dnass MeHJOv secu'''l(\ 13\ enler upon and
<br />take possessIon of tl'1e Properlv or anv part Irtereot, and to lIs nw... name sue for or
<br />otherwise collect ~HlCt1 renlS. 'ssues and p,ot,ts, 'nCludlng tllose pas! due and
<br />unpaid. and apply the same less r:OSIS and expenses oj operatIOn and sollectlon
<br />including reasonable attorney laes upon any ,ndebtedness seC\lred hereby. and Jf\
<br />such order as Benel'Cta,,>, ''nav dete-rmHle ,t>1 pedo",' suer-- FlCts uf ,f;pair ,)(
<br />protecllon as may be necessar,' 0' DIoDe' 10 ronse'v!:! 1r,<, '.,lOue 01 :hE' P'openy_lcl
<br />lease Ihe same or any pac! th(H{'{)t 10' suet> 'enla~ Tllr~ <<"d UDO" sucn condillons
<br />as 'Is ludge-menl 'nay 01(131e unleSS Trustor aml BenE'h'la'v <lgre-e '_l!herW'$f1 In
<br />wnting. any application 01 renlS, 'ssues \/f prQt'lS :0 any ,naebtedness secured
<br />hereby shall flot ex lend 0' postpone the due date 01 tile Installment payments as
<br />prOVided ,n saId prom,ssory ....cte or change Ihe ampunt ot such ,nslallmen!s The
<br />entering upon and taking pOSseSSion of the Property the ,:ollect,on 01 suet> rents
<br />Issues and prohlS, and the applicat,on ll"iereo! as olm€"sc'(! s/la!l no: waive 0' cure
<br />any default or notice ot delaul1 "p.r"unr1er Of "walloat€" an\! aCl cone pursuant 10
<br />SUCI1 nOllce irus!or OIlso assl"ns '0 8enel,"'ar, <<5 lu'lhe' ~ecl.Jfll" iO' t!"le
<br />performance 01 ttJe obl'gat'ons secured "eleov <III >"apate 'enlS and ali monIes
<br />which may have been or may I"",ere..lter !:Je oeposlt"a ""It> ~.a'd hustor bY any lessee
<br />01 Ihe P'operl\" to secure :ne paymen1 ;;.! any ,ent dnd UDon delaull ," t'le
<br />perlormanca 01 any 01 the r.ereot Trustor ,'qrees 10 ;1ellv!!< such renls
<br />ano devoSI!s 10 t~e Del,yer, ,1' w"!!el~ "ot.o.' ,-'r 1he Benetlc,a'\, s
<br />exerCIS' '....e "gl'>ts c:,anled I:) any 'e'1ant c>cCIlC',tng said premIses shall
<br />be suffiCient 10 'eQuI'e said tenant '0 pay s3.'d ''''''' '\., '''e Benefl<::la,y ,--,ntl! luf1l'1er
<br />notIce
<br />
<br />H_l..._ P,..m..... Wlth!n 10 days at~6r deflla.nd. Trustor Shalllurnlsh 10 TruSlee
<br />a scru!tdule certlfleC 10 be true. setting lorth all leases at soace In lhe Trust
<br />PropeliY than in affect. includmg. In each case, the ,ame of the tenants and
<br />occupants, a description 01 tile space OCCUPied by such tenanr and occupsnt. Ihe
<br />rental pllyaDle lor such .'lpace ana !lucl1 olher 'r,formatlon and documents with
<br />'espect 10 SUCh leases and tenancies as the Tfu~t&e may requeST
<br />
<br />Without the prror .....nUen consenl 01 Trustee Trustor shall 'lOt. dtrec:ly or
<br />Indirectly. wllh respect to an" lease ot space ," Tne deSCflD!!O premises. whetl1er
<br />such lease IS now or heraatter '11 elOslence ,ai accepl ,J' permn any prepayment
<br />dlscaun! or advance renl payaDle Ihereunder 'nt cancel or lermmale the same. or
<br />accept any cancellation, lerrnmal!on O~ surrenoer Il1ereol, or permIt any event to
<br />occur w/'llct> woulCentme the lessee tnereunder 10 terminate or cancel the same: (CI
<br />amend or modify t/'!e same so as to reduce Ihe term thereo!. 'he rentSI payable
<br />thereunder. or to change any renewai prOVISfQns therem .::onlamed; Id) waive any
<br />(jetaull tnereunder or bleach thereof; (al give any consent, walVer or approval
<br />thereunder Of take any 01t'ler action .", C'onnectlon therew,t!"",. or With a lessee
<br />thereunder. whiCh woutQ have tn9 affect ot ,mOBlflnq lhe "alue ollessor'S ,nterest
<br />thereunder on the Property SuOl6Cllharelo Qf ell !l1'oaiflng t~e poslllon or '"teres!
<br />of the Trustee or Beneflclaf"\'_ or .f) sali assiQf' D'sage "lO'lgage or otherwise
<br />dl~e at, or encumber. ItS 'nlerest In any such lease or any rents, 'ssues or profits
<br />Issuing or arising theleunaer
<br />
<br />12. Condemn.UOf\.1! lale loany pafT of tl1e Property stH"!1I De laken '" condemnation
<br />proceedings, tly right of eminent dama!n or SimIlar action. Or shall be sold under
<br />threat of C0l10emnation, all a....alds. damages and proceeds are hereby ssslgned
<br />and shall be paid to BenefiCIary who shall apply sucl'l awards, damages and
<br />proceeds to the sums secu'M by the Trust Deed, wl1l1 the excess. il any. paid to the
<br />Trustor. Truslor will promptly, and with due dUlgence. repair. alter and restore the
<br />remaining pan 01 the Trust Proparty to ,ts tarmer conOlltCn substantially to the
<br />e:d&nt thllt the slime may oe teasible ana 50 as to conslllute a compleTe and usable
<br />unit
<br />
<br />t3. Futu.. ActnncM.. Upon I&QUsst ot T'ustol. BenefICiary, at Beneficiary s option.
<br />prlOt te reconveyance 01 the prooerW to tne -;:uSTOr, mill)' lTiap;e future advil-nces to
<br />the TruSlor Such luture advances. ....Im lnterllilst t!'!erecn, snaH 06 secured by tl'lls
<br />Trust Deed when tl"IOet1<;;oo D,- "romlSSOry '"!oles slaling !hat stud notes are
<br />secured hereby. prov;aed ;r>at Ell ,0 lime shall me secured orlncipal. luTure
<br />advancea, no! UK;Ju(llng sums aayanced :0 .,ratec! the securIty, ex'ceed one
<br />nundl'8!:l percent \l00~l ot t!'le orlplns; princlpa! amounts secur&<! heraby
<br />
<br />,,,_ RMnedMs CumulaUn, AU remed,(l.S prOYlO1Jd In [1"115 Trus! Dllifld are distinct and
<br />cumulative to any otl'1er '''.ll'lt or remooy undsi this Trust Deed or afforded by law or
<br />eQuity, Ilnd may be D1\.erCISed concurrently, Ind"pendently 01 successIVely
<br />
<br />L
<br />
<br />t5. 4oce.....Uon; ~l..; Sale. Upon detault by Trustol 1t> the paymenl of any
<br />tndebtednesa ~ec\Jre<l hVreby or !n the perfOlmance of any agreement hereunder,
<br />Beneficiary may d&clllre all sums secured hereby lmmedlalely due and pa)'able by
<br />dellv.,y to TruSl&4 01 written de;;lafalion 01 default The Trustee shan halle the
<br />power 01 sale of the Prupeny and I' B;,nellclary desires the Property to be sold, It
<br />shan deposIt wah Trustee thiS Trust Deed and aU promissory notes and documents
<br />9Y!denC!ng e:'!:pend!lure!l :'09cure-c! l1erevy. and ShaH detivel 10 Trustee, a written
<br />nollce of oefaun and $lectlQn to cause the Property to be sold, and the ;""ru8t" In
<br />lurn s""all prepare a SImilar Notice mlllEl 'arm required by laIN, which shall be dUly
<br />flied tOI record by 1 ruMee
<br />
<br />tal "'her Ine lapse 01 sucn lime as may be reQulr&Cl by law fOllOWlrlg tne l&Corn.
<br />allon of 5810 nOllct! oj oelaull. ami nOtice al defautl and notice of sale l'Ialllng
<br />been gillen as reqwr6(l by law, if-us tee. w.thoul demand on Trustor. sllall sell
<br />the Property on tnt> date and at the time and p!a.ce oesignated In said floUce 01
<br />sale. &t publiC auction 10 th$ rughast biddel, the purchase prIce payable in
<br />lawful mane\!' 01lh6 Urlltecl Slales aT the time of sale. The pefson conduclln.g
<br />1M sale may. lor an)" cause. he deems 6l1paalent, postpone the sale from lime
<br />to lime unW it shall tH:l completed ana. :n (<very SUCh case. flo!lce of poslpone-
<br />menl sn.1l be elven by DubHe declalatlon thereol by sueh person at Ihe Hme
<br />and plac6 Isst appolntl!ld for the sala, pro"laed. If the !lala IS postponed tor
<br />long.' thsn \1) day Deyono the oa~ designated In the nollC& of sale, notice
<br />thereof shaH b6 gly-en In ttle sama mar,ner as the m1e1nai notice of sale.
<br />
<br />Trusl~ shall t!l'-6cuta ","0 (!eH~ar to tne purcnasel h!s Deea conveying IIle
<br />Property sold, but ....ilhout any covananl or warranty. e>:;press, or implied. The
<br />~ec,tals !f1 lhe Deed ct il.n~ mattars Of facls lIh611 be conClusive ploof of the
<br />trutl1lul:'lass thereof Any C'lrsC'n in<.;luding Benef!clary. may purchase 81 the
<br />ul..
<br />
<br />tb) When Trust5& .'lells purSuant to the powers herein_ the Trusiea shall apply Ihe
<br />proceedS of the sale 10 paymllnl 01 the cosls and 6x,panSf;I$ 01 ellerClslng the
<br />pow., of sale and of the sala. Including the payment 01 the Trustee's Fees
<br />actually Incurred, not 10 exc$ed._ ,____,_ _ ___. 0,." 01 the !fIHe pllce, and then to
<br />the items In aubpaul.glaptliC) 1/'1 the order there stated
<br />
<br />{Ol A.lter paying the Items spec-llled In subparagraph (bf II th~ sale 19 by Trustee, Of
<br />1he prOpel coun and other costs of foreclosure and sale :' 1'1... \laie is PUrSilanl
<br />to judlcl.llorecl08ufe, the proceeds 01 sale shall be applied"" the order slated
<br />t.o th. payment of:
<br />
<br />(II Cost at any e...idenl.;a 01 title procur6d Ifl connection ",.011 :;uch Side and 01
<br />Iln)'revenueslamp!l.
<br />
<br />{Ill All sums then secured hertlby,
<br />
<br />till) The remaInder, It any. 10 the person utgally entlUed n.~nllG
<br />
<br />17_ Additional Security tnslrum.nls_ Trust.:>r at Its expense. will ell.eCule and deU...er
<br />to the Trustee. promptly upon demand, s\Jch security !nstf'Jments as may be
<br />rttQu!red by Trustee. In form and substance satisfactory to Trustee, covering any 01
<br />the Property conveyed b, this 'f'ust Deed. Which security instruments 5flall be
<br />add!llonal securIty lor TrUSI"r'S falthlul performance of aU 01 the t&1'ms. covenants
<br />and cond!tlons 01 thl9 TruSl Deed. 1118 promiSSOry notes secured hereby, and any
<br />other 5ecurtly 'nstrumenls executad in connection with this transaction. Such
<br />Instruments shall be recorded or !lled. and ra.recorded and rellled, at Tru.twa
<br />expense
<br />
<br />18. MI.~II.neou..
<br />
<br />tal In the event anyone or more 01 the provisions contained II'! this Trust o..d or
<br />the promlssOr{ note or eny other security Instrument gillen In conlMKltlon with
<br />ltlls transaction shalt lor any re850n be held to be Invalid, lII-oal or
<br />unenlorceable in any reepect, such Invalidity, illegality, or unenforceablllty
<br />shall. at the optlon of eenellclary, not alfeet any other provision of thlll Tru.t
<br />Deed. but INs Trust Deed shall be construed as If euch lnvaltd, Illegal, or
<br />unenforceable prOVlslon had never been contained herein or therein.
<br />
<br />{bl ThIs TruSI Deed shaH be construed according 10 the laws 01 the State of
<br />NebraSka
<br />
<br />(c) Th!s Trust Deed shall Inure to and bind the heirs, 18liIat..., dev......
<br />admlnrstralor:!!. executors. successors and assigns of the pante. henlto.
<br />
<br />(dl Trustor shall pay aU taxes levied upon thIs Trust Deed or the ~l -.cured
<br />hereby. together with any other taxes or asussmen1s which may be levied
<br />against the Trustee or Beneficiary or tile !egal holder of said ptomtaaory nol.
<br />on account ot 'he Indebtedness ellldenCed lhereby
<br />
<br />{ef Whenever used herein. the sIngular number shall Include the plural. IhII
<br />Singular. the use of allY gender shall be applicable to all genders, and 1ht1 term
<br />. BenefIciary" 6hall !nctude any payee 01 the Indebtedness hereby ucureG Of
<br />any transfer thereof, whelner by opsrllllon ot law Of otherwise.
<br />
<br />19_ SUc::ceuOt Tru..... Beneflclary may from time to time substitute a aucceuo,Of
<br />successors to Ilny Trustlte named herem or acting hertlunder to ex:acu1. tt\11I Truat
<br />Deed. Upon such appointment and without conveyance 10 the 'uCCaHOf Tnaatw,.
<br />the lallel shall be vested with all title, powers, and duttes contatNd upon any
<br />Trustee nereln named or actIng hereunder. Each such appointment and
<br />substltuttOn ~hall be made by written lnatrument by Beineflclary, conllktlng
<br />f1ltterlllnce to this Trust Deed and Ita place 01 record, which when IWCOI'ded In the
<br />office 01 the R~lstllr 01 Deeds at the county or counties In which aald property I.
<br />situated shaH be conclUSIve prool at proper appointment of tn., .~ Tnastea.
<br />The loregolng power of substtTutlon and the procedu" thllr.fON-~ aMfl not- tilt
<br />exclusive ot the power and procedure provided for by law for the aubl,tltutlon Ohl
<br />Trust.. or Trustees In the pllce of tile TllJlit...
<br />
<br />20. ForbMra~ by Ianefk:Iaty ot Tr.... NOI a W..... Any ~ by:
<br />Beneficiary or Trust.. In exercising any rIght or remedy herHndar. or ottIetwtee
<br />afforded by applicable law, shall not be 8 waiver of or praGlude the ~ of- an,
<br />right or remedy hereunder, LIkewise, the wal\'8f by BeMflCla" Of T~_ of MY
<br />default of TrustOI under this Trust Deed ahali not be-clMlMO to be. watvM' of MY
<br />other or similar delaults subSeQuently occurring.
<br />
<br />21_ TNetor Not R........ Extenl!tIOn of the time lor p.1fNttt Of modltlcatlon or
<br />smortlzatlon of 11'19 sums secured by tnls Trust Deed granted by -BenefIc"", to an,
<br />successor In !ntefest of Trustor shaH not operate to r....... In an)' manf*'. tM
<br />llabUlty of the ortginal Trustor or Trustor's sucC.QOf In In.r.at. Beneflcfary shaJI
<br />nol be fequlred 10 commence proc..alngs against such ll~ or raN..- to
<br />extend !!me tor p.yment or otherwise modify amortization of the sums NlCufWd by
<br />This Trust Deed by 'eason of any demand mado by lhe original Trustor and Tru.tors
<br />successors In lnter68t.
<br />
<br />22. o.taulL It there shaH be a Cletalilt uncWr this DMd of Trust or undaf any prior
<br />mortgage. the Beneficiary may cure such delault, and tM amounts actvaM*i br.
<br />and olher costs and expenses ot the beneficiary In curlng such default, with
<br />Interest at the default late contained in Ihe Not. "cuted hateby ttQlft the ,time of
<br />the advances or paymenls .!'laJl be added to the looebtadOQl MCUr.d bv ttlts Trust
<br />Deed and may be collftQted fleleunder at any time alt~ 1M time of ail(lft advancea
<br />Of payments and shall be deemed to be aacuraa her.t-:.
<br />
<br />23. Optton to ForecIoH, Upon the ~curance of any default harwnder, 8enItlclary
<br />Shall halla the option to loreclose thIs Trusl Deed In tn. mann.r provided by I. 'or
<br />the loreclosure 01 morlgages on fe.1 propeny
<br />
<br />U Trua"'a R...... AbHnt Dei....t. Until any d.fault In th4l pay,,*,t of
<br />indebtedness hereby secured or unUi the b.....ch at an)' covenant ~n eontalNlli,
<br />the Trustor, its sllccessors and assigns, shAll poa..u and enloy the property, and
<br />rSC8lve the rents end praflts thel.from. Upon payment 01 aU.ums secured by Uti.
<br />Trust Deed. Beneficiary shall request Trustee to reconll.Y the ptoperty and shell
<br />sunender thIs Trust Deed and all nOlea ell!denclng Indebtednoa lIacunlCi by this
<br />Tlust Deed 10 Trustee. Trustlt8 shall reeonll.)' the oroperty without wat'ranty and
<br />wllhout cherge 10 lhe persons legaUy entltled thereto. The Grant.. In any
<br />r&COnve)'ance may bt> described as ..the person or persons entitled theNlo:' 5nd
<br />the rscitals therem of any matters Of facts shall be ~oncluslve proof of the
<br />truthlulness thereat. Such person ot persons shall pay all costs of recording, If any.
<br />
<br />25. Accelef.tlon In the Ev~t 01 Tran.'.r.ln Ihe event the UlIe to saId real estate Is
<br />lranslerred, or conlracte(lIO be t~a"slerred. ITom the undersIgned for an)' rM_on or
<br />by any methOd whatsoever, Ihe enUre principal sum and accrued Inte....t shall at
<br />once become due and payable at the alecUon of Ihe eenellclary_ Failur. to exerel..
<br />Ih!s option because ollranslel 01 utle as abOve stated In one Instance shaU not
<br />constitute a waiver 01 the rlQhl to exerclse the same In the event of any subsequent
<br />transfer
<br />
<br />18, T"ls deed of trust Is /unIO, to one dated
<br />
<br />.xecuted by Trustol to
<br />
<br />..__.____.____ Truat...
<br />
<br />MCuflng a prIncipal nOle fOI
<br />
<br />Dollsrs and fired lor record with tile Register of Dettds and Identified all fol1o..'
<br />
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