|
<br />4. As additional security, Trus[or hereby gives to a~.•J confers upon Beneficiary the right, power and authority, during the continuance
<br />of these Trusts to collect the rents, issues and profits of said property, reserving unto Trustor the right, prior to any default by Trustor
<br />in payment of any indebtedness secured hereby or in performance of any agreement hereunder, to-collect and retain such rents, issues
<br />and profits as they become due and payable. Upon any such default, Beneficiary may at any time without notice, either in person, by
<br />agent, or by a receiver to be appointed by a c<wrt. and without regard to the adequacy oC any security for the indehtedneea hereby secured,
<br />enter upon and take possession of said property or any part thereof, in his own name sue for or otherwise collect such rents, issues and
<br />profits, including those past due and unpaid, and apply the same upon any indebtedness secured hereby, and in such order as Beneficiary
<br />may determine. The entetting upan and taking possession of said property, the collection of such rents, issues and profits and the application
<br />thereof as aforesaid, shall not cure or waive any default or notice of default hereunder or invalidate any act done pursuant to such notice.
<br />5. Upon default 6y Trustor in the payment of avy indebtedness secured hereby or in the performance of any agreement contained herein,
<br />all sums secured hereby shall immediately become due and payable at the option of tfie Beneficiary- In such event and upon written request
<br />of $eneficiary, 74ustee shall sell the crust property, in accordance with the Nebraska Trust Deeds Act, at public auction to the highest
<br />bidder. Any person except Trustee may bid at Trustee's sale. Trustee shall apply the proceeds of the sale as follows: tl) to the expense
<br />of the eats, including a reasonable Trustee's fee: t2. to the obligation secured by [his Deed of Trusp Y31 the surplus, if any, shall be distributed
<br />to the persons entitled thereto
<br />6 Trustee shall deliver to the purchaser at Lhe sale its deed, without warranty, which shalt convey to the purchaser the interest in
<br />the property which Trustor had or had the power to rnnvey at the time uC his execution of this Deed- oC Trust, and such as he may have
<br />acquired thereafter. Trustee's deed shall recite the facts showing that Ghe sale was conducted in compliance with all the requirements
<br />of law and of this Deed of Trust, which recital shall Ens pnma facto evidence of such compliance and conclusive evidence thereof in favor
<br />of bona fide purchasers and encumhrancers for value
<br />- 7. The power of sale conferred be this Deed oC Trust is not an exclusne remedy: Beneficiary may cause this Daed of Trust to be foreclosed
<br />as a mortgage.
<br />K. In the event of the death, incapacity, disability ur resignation of Trustee. Beneficiary may appoint in writing a successor trustee,
<br />and upon the recording of such appointment is the mortgage records of the eauntc in which this Deed of Trust is recorded, the successor
<br />trustee shall be vested with all powers oC the original truen-[ee. The trustee rs not obliged to notify env pazty hereto-oC pending sale under
<br />any other Deed of Trust or ot" any anion ar proceeriirg in which Trustor, "trustee or Beneficiary shall be a party unless such action or
<br />proceeding is brought by the Trustee.
<br />9. This lleed of Trust applies to, inures to the benefit o['. and is binding not only on the parties hereto, but on their hefts, devisees, -
<br />legatees, administrators. executors, suceessors and usstgns. 'Phe term Benefician• shall mean the holder and owner of the note secured
<br />hereby, whether or not named as Beneficiary herein.
<br />NOTICE TO CONSUMER: 1. Do not sign this paper before you read it. 2. You are entitled to a copy
<br />of this paper. 3. You may prepay the unpaid balance at any time without penalty and may be entitled
<br />to receive a refund of unearned charges in accordance with law.
<br />Signed this -_9.7~Il_-_ day of _November __,.__, :1.D. 19_ ~? ~ '
<br />%~ '
<br />STATE OF NEBRASKA x__~--r'-~%,~_.~~~=~ /,t
<br />ss. ~
<br />Hall _~__,._ COUNTY ~ X _~~-w,~„_m~'~~ ~~~_-l~f,te. ~
<br />On this __ 17th ___ day of __tiovember 82 '
<br />___._ A.D., 19___._-. before ore, the undersigned, a Notary Ptiblic, duty
<br />commissioned and qualified for and residing in said county, personally came Ronald L Mill r nd To nn -ll~
<br />1.1111er.~hi1&barid_&.__W].f~___... to me knowm to be the identical person ~._ whose name _aresffixed to the foregoing -
<br />instrument as Trustor Fi._._._.... - ___. _ _. _. _______ _ and acknowledged the smue W be ___...,'~h81L___ ___________ vol-
<br />untary act and deed. Y, ~ i X11
<br />Witness my hand and Notarial Seal thelClay and year last above }vriiten. \ NOTARIAL
<br />41y Commisston expires the ~~~ - - - _ ,
<br />} 9
<br />Nola Public tkmmission fires
<br />r1` ~ t
<br />STAT+ T-- _ __ _. __-__ ___.
<br />Cv.~ E OF - - - - ' -- - -- -i ;~ ~, r; ~ ~ ~ ~
<br />~~ i 3s. _ :._ .. j tD
<br />~ i ------ County 7 ~; _. - - '.r ~ $ ~ % ~.
<br />Entered in Numerical Index and filed for recotd in the office of the Register itf' Deeds of saidreottnty, the _ G' •
<br />a, ~ N
<br />a day of ~. _ _._-_. ---------__ 19 ___-_-, at _---,. o'clock and __ ~~ O '^
<br />,Q minutes _-. .. __ _._ _ ___. _. ~1., and duly recorded in Book _ _:_._ _ =;of __?' .~" Q
<br />Mortgages page ---~--- --- -~---.._-_ _----- ;:) O - y - O
<br />_.. _ - - ----.__. . _.---'- - -------~----cam--- --t7-'- ~
<br />_ .~
<br />• ~ .~ w ~
<br />K ~
<br />~j,~ ~~ Register of Deeds ~w
<br />sy U
<br />~ a
<br />eytrazt~e, __ -..-. _ ----._.
<br />Deputy h, .,~'
<br />-S..
<br />
<br />
<br />
|