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<br />84- 002904
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<br />iii ACCELEH.ATIU\' l'PU!\' r JEFA l"L': Ai l! IITll J;'\ A1. IU:MEIHES Shuuld an f'VE'nt of default occur Beneficlar;.
<br />mH\ (it-clan- aJimnf'htnf"f;": sf'ruff-.d hf'rf,h" 1., h~. dUt, and p;l\','lbJf' and thf' samf' shall thereupon b(>('OID(' due and pavablf'
<br />\"thoUT an\- pre~.;f'ntm(>nt demanr. pr/'lPRi or nntln' of an\" kmo Thf'Tf'after BeneficiaD: may'
<br />III Enht:'T ID p('r~on or hy agent \.\.th or \\1tnout hrin,l..'1nj! any (ictlOn or proceeding. or hy a receivE:'rapPolnwd b.\' a court
<br />and \..,tnout regard tit tnt' adt'qui;l.{'\ (,in.... :-l"('unty enter upon and take posst:3sion of the Trust Estate. or any part thereof. in
<br />It.'.:. own name or In thE' naml:' uf Truslt-t:. and du any aC'tS whIch It deem~ necessary ordesrrableto preservethf' value. market-
<br />abila\" or rentabilIty of tht' Trust [statt-. or part thereof or interest therein. merea8€' the income therefrom or protect the
<br />securit\' hereof and: with or wnhout !.akmg possessIOn of thf' Trust Est.ate, sue for or otherwiSE' collect the rents, issues and
<br />profits 'thereof. mcludin~nhose past dm' and unpaid. and apply the same. less costs and expenses of operation and collection
<br />mdudin-g- atwrneys' ff'es. upon an.... Indebtedness secured hereby. all in such order as Beneficiary may determine. The
<br />entering upon and taklng posseSSIOn of the Trust Estate. the collection of such rents, issues and profits and the application
<br />tne!"E><"J! ~ a.[or~ajd :::.hall not ('un> or \,'ajV? any default nr noticf' of default hereunder or invalidate any act done in response
<br />to such default or pursuant H' such nonei:' of default and. not\\1thsmnding the continuan.ce in possession of the Trust Estate
<br />or thf' coliecoon_ receIpt and applicatwn ilf rt'nts. issues or profits, Trustee or BeneficiaD' shall be entitled to exercise every
<br />ng-hr prm,dt>d for in an\' of thf" Loan Instruments or h\' law upon o('curren('(> of any event of default. including the right to
<br />exercise- the- power of sale
<br />lii! COmm~llC€ an a'-W.n w for€'cio~f' tillS LJteCi oiTruSl a~ a mor~ag~, appolOl a receiver. or specrfically enforce any oj
<br />tht> covenants hefi"of
<br />{iu I Deliver to Trast..ee a wnnen dedaranon of defauit and demand for sale, and a written notice of default and,e1erition
<br />to call..,* Trustor's ml-erest In the Trust Estaw to bE> sold. which notice Trustee shall cause to he duly'filed"for rerord in the
<br />appropnatt:'- Offioal Records of thf:' County In which thf> Trust Estate is located
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<br />j 1 FORECLOSl'RE BY POWER OF SALE Should Benet\ciarv elect to foreclose by exercise ofth.e Power of Sale
<br />herem eon;'med BenefiCiary shaH notif:. Trust"" and shall depOSIt with Trustee this Deed ~fTrust lmd the Noreandsuch
<br />rt'(:'t'lp~ and e'\,dencf' of expenditures roaot' and secured hereby as Trustee- may require,
<br />tal C pon receipt of such notu"(' n:om BenefiCIary. Trust{lE' shall cause to be recorded. published and delivered to'~~r
<br />such !\oncp of I)efault. and !"otu't> 0f~:,;ut' Ill' then reqUired bS law and by tillS Deed ofTrusL Trustee'shall.without.detn-.nd
<br />on Trustor. after such nmt;' as may then be reqmred 0;" law and afte.rrecordation of such.NoticeofDefau-ltand,a.fter'--Noti~~
<br />Sale havmg t.t>en glven as requl!vd ov lav. S(-'lllnt- Trust Estate at the time and place of sale fixed byitinsuch',Notice--of.~a1~\'
<br />eit.o"er as a "';hute, or tn .l:leparaH- JOL..:. O~ r..a!'Ct:'JS or ltems as T1"u...ii!-.~ shaH deem expechent. and in such order as',it'rn'ay'de~~
<br />mine. a1 PUblIC auct10n to tot' ruJ;rhes1 bIdder tor cash 10 la:\-\rful money ofthf' United StateS payableatthe,timeof$ale-~. Trus-.
<br />shall deliver to such purchaser or purcha.:>ers therent ~lS Kood and sufficrent deed ofdeedsconveying:t.he'propeJ'tyso-S9ld~btl~
<br />WIthout an:v covenant OT warrant\'. express or imphed, The recItalS in such deed of any matter8 or facts shall be coriclUBi.ve
<br />proof of the truthfulness thereof Any person. mdudm~. Without hm1tation. Trustor, Trusteeand'Beneficiary"may~
<br />at such saJt' and Trustor hereby ('Ovenam..s to warrant and defend the title of such purchaser or purchasers.
<br />th! As may b(> permm,ed h~' Jay,. afterd(~uconJZ' aU costs, fees and expenses ofTrusteeandofthisTnlst.includiDgcoet5
<br />of f'\'1denel'.' Of1U.J(> In ("(mnf:'('Don .....'1th :o:ajf' Trustt"(. s.hall applv th+:, pnlCeeds of sale to pavrnentofljj- all SURls-expended 'under
<br />the- Lermfi: hert'of. not then repaId. wlth accured mtere-s[ at _ pe-rcenll_';'(') per annum, <ii) aU other sums then ~
<br />hen>h\- and (iii T tht> nomamof'r If an...' to th('- pe-rson or person~ leJ,taUy entitled thereto
<br />(C'. Trus~ ma\- In tht' mannf'f prn-..,df-"d bv lay, p&tpont' salt:' of all or lln~.. portion of the Trust Estate.
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<br />12 REMEDIES >,;"T f:\('!.\ ''', .,. Tru<<I'<' and R.nefinary and each of them. shail boentitled tDenfo"""paymen~
<br />and perf'ormam."t" of any mcteOlednt'ss lIf ohhgauon& securt'd hereb\' and to eXerc18e all rilZhts and powers underthis-'Deeci.of
<br />Trust or under any' Loan lnstrunwnt ur otner a~ment or an,\' laws no\\' or hereafter In force. notwithstanding sorne.ot,an
<br />oi tht' such mdeht.~b and ohhjlatlOi"lS l-i€oCUi-eO hereby may now or here-a..h~r be otherwise BeCured~ -whether by ,mQng"~,
<br />deed of tru~t. pled5l'e, lien. asslJ,..rnment or othe-rv.'ls-e. NeI1her the acceptance of this Deed ofTrust nor-its- enfort*nen-t whether
<br />by rourt acUon or pursuant u. th€ f.-l(IWer of sale or other powers herein contained. shall preJudiCl:' or in BDY ~: ~t
<br />Trustee's or BenetlcaIy"s n~ht t() reabzt',upon 01' enforct" any other security now or hereafter held by Tntstee.,(ll" ~efi~l
<br />It bemg a~ that Trust... and Benefioa,,'. and each of them. shall bo entitled to enfo""" this Deed ofTrustand.any.oth~
<br />secunt\' now or h-ereaftt>r held by Renefioar\' or 1'rust.ee in such order and manner as thf'V or either ofihein may. in their-.
<br />abSOlute discretIOn detenmnt'. No remed,\' herem conferred upon or- reserved to ~ or Beneficial'}' is .mtendt!Ci .to, be
<br />exclusl....t" of an,\' other remed:-. hereJn or hy iaw prO\;ded or permItted. but e-ach shall be cumulative and shall be.in addition
<br />to every other remed~' IZlven hereunder or n~W.' or hereafre:r eXlStlnit at law or In equity or- by statute. Every power or remedy
<br />glven by an\! of thE;' Loan In....rrume-nts to Trustee or Beneficiaf:\' or to which either of them may he otherwiseentitJed.may be
<br />exercIsed.. l."Oncurre-nuy or lnde-~-nrif:nu;.', from Umt' to tImE' and as often as may be deemed expedient b)' Tna.tee or Bene-
<br />ficiary and e,th.". of them may pursue mronSls"..t remeW"" Nothing herem .hall bo conlltrlled .. prohibiting Benefician'
<br />from seekmg a defiClE'ncy JudfZme-nt agamst tht" Trustor w lht" extent such action is penn:ittd by law.
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<br />REQVEST FOR ~';01ICE. Trustur ot'1"l:"by rellU~ii!. <l (--UP.'" uf l'lny uotic~of aefauJtano thai-an.y nOQeeofsu here-mder
<br />bo mailed to It at the address set rorth m the !irst paralll'aph of this Deed of Tl'USt.
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<br />14. GO\'E~'l/ING LA \I' TIll. Deed ofTru8t shall bo governed by th.laws of the StateofNebraoka, In th.even~ that
<br />any proVtS10n or clause of any of the Loan Instruments confltcts with applicable law., such conflicts shall not a1fect other
<br />provision. of such LolL" Instruments whIch can bo gl\'en effect without the conflicting provision, and to this end the pro-
<br />'"SlOnS of the Loan Instruments are declared to bo severable. Tlus mstrument cannot be WIllved, changed. clischalWed or
<br />terminated (lrall\ but 0nJy by an U1strument 10 ....T1tlng signed by th~ pany agamst whom enforcement of any waiver.
<br />change, dischargt' or terml:"'dtwn 15 sou~ht
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<br />15 RECOl\\'EY ANCE BY TRl'STEE L'pen wntten request of BenefiolU'Y statmgthatall Sums secured hereby have
<br />been pald. and upon surrender of thts I)eeci of Trust and th€' N Olk W Trustee for cancellation and retention and upon pay-
<br />ment by Trustor of Trustt!'E' !< tt"'f.ts. Trustee shail reconvt>y t.o 1'rustor, or the pel"80n or persons legally entitJed thereto. withQut
<br />warranty. any pornDn of tht' Trust Estall" then held hereunder, The recitals m such reconveyance of any matters or facts
<br />shall bE- conduslv~ proofoftlu' tr.Jthfuiness thert'l'tf. Tht- ~antee m an~' reconveyance may be described as "'the person or
<br />persOll.'" legaHy enutled thert:>tL""
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<br />16_ ~OT1(,ES \\rhen€,ver Be-nef1clar;. Truswr or T!"UStrt shall des1fe to gIve or serve an.... noUc~. demand. request or
<br />other rommunlcatlOn "',th respect t(, thli' Deed of Trust. each such nouC't:'. demand. rt"QueSl or ot.~er commutllCsuon shall bf.
<br />10 wntlnl?: ana ShaH N- efiectr\'t" oni:,>' If tot" same IS dehvered b~ personal SerY1("t> or mailed b:,>' ('t'rtified mail. pOStatlt' prepaui.
<br />return recNpt r€questecl. addrt"bSt'd t{. thf" address ~el fonh at tht' be~nmng ofuns I>et>ci ofTTUSt. An,\' party may at trus tlmf
<br />chan~e ILl:. address for sllch l)OtlC't":, tn. df'jl1.'~mng or mailmg t(, tht' other parne~ herel(l, as afOresaid. a nonce of such chanJre
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<br />17' ACCEP'TA:\CE BY TRl'STEI:: Tru~ .HTepu- tht." Trust when thiS tJeeo of Trust. duh ex(.('uted and acknp\l,
<br />i-e.aged. lS made (i pubiK rt"{'()l'd al'i prcr\'lded rw law .
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<br />and vear firsl abovt-' .....ntten
<br />dui~ t.'xt'-cuu~d and tH:know.
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