Laserfiche WebLink
2ooooss29 <br />ARTICLE V. TRUSTEE <br />S.1 Action by Trustee. The Trustee named herein shall be clothed with full power to <br />act when action hereunder shall be required. The term "Trustee" shall be construed to mean <br />"Trustee" whenever the sense requires. The necessity of the Trustee herein named, or any <br />successor in trust, making oath or giving bond, is expressly waived. <br />5.2 Employment of Agents. The Trustee, or any one acting in it's stead, shall have, <br />in it's discretion, authority to employ all property agents and attorneys in the execution of this <br />trust and/or in the conducting of any sale made pursuant to the terms hereof, and to pay for <br />such services rendered out of the proceeds of the sale of the Property, should any be realized; <br />and if no sale be made or if the proceeds of sale be insufficient to pay the same, then Trustor <br />hereby undertakes and agrees to pay the cost of such services rendered to said Trustee. <br />Trustee may rely on any document believed by it in good faith to be genuine. All money <br />received by the Trustee shall, until used or applied as herein provided, be held in trust, but <br />need not be segregated (except to the extent required by law), and the Trustee shall not be <br />liable far interest thereon. <br />S.3 Indemnification of Trustee. If the Trustee shall be made a party to or shall <br />intervene in any action or proceeding affecting the Property or the title thereto, or the interest <br />of the Trustee or Beneficiary under this Deed of Trust, the Trustee and Beneficiary shall be <br />reimbursed by Trustor, immediately and without demand, for all reasonable costs, charges and <br />attorneys' fees incurred by them or either of them in any such case, and the same shall be <br />secured hereby as a further charge and lien upon the Property. <br />S.4 Successor Trustee. Beneficiary may appoint a successor or replacement Trustee <br />in accordance with the provisions of the Nebraska Trust Deeds Act. <br />S.S Release. Except as maybe required by applicable law, Beneficiary shall have full <br />power and authority to execute, acknowledge and deliver any release or reconveyance of this <br />Deed of Trust without the joinder therein or execution thereof by Trustee, and any such <br />release of reconveyance shall be binding upon Beneficiary and Trustee. All releases and <br />reconveyances executed in connection with this Deed of Trust shall be without warranty of <br />any kind, express, implied or statutory. <br />ARTICLE VI. MISCELLANEOUS <br />In addition to all other miscellaneous provisions under the Loan Documents which are <br />expressly incorporated as a part of this Deed of Trust, the following provisions will also <br />apply: <br />6.1 Term of Deed of Trust. This Deed of Trust shall continue in full force and effect <br />until this Deed of Trust is released. <br />n~ao~sas ~e a~ Page 10 <br />