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80005550
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Last modified
1/13/2010 11:49:29 PM
Creation date
1/13/2010 11:49:18 PM
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DEEDS
Inst Number
80005550
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"""°`t <br />~~-~ ~~!5~~~? <br />-s- <br />(ii) Commence an action to foreclose this DEED OF TRUST as a <br />mortgage, appoint a receiver, or specifically enforce any of the <br />covenants hereof; <br />{iii) Deliver to TRIISTEE a written declaratior. of default and <br />demand for sale, and a written notice of default and election to <br />cause TRUSTOR'S interest in the TROST ESTATE to be sold, which <br />notice TRUSTEE shall cause to be duly filed for record in the <br />appropriate Official Records of Ball County, Nebraska. <br />14. FORECLOSURE BY POWER OF SALE. Should BENEFICIARY elect to <br />foreclose by exercise of the Power of Sale herein contained, BENE- <br />FICIARY shall notify TRIISTEE and shall deposit with TRUSTEE this <br />DEED OF TRUST and the NOTF, and such receipts and evidence of <br />expenditures made and secured hereby as TRIISTEE may require. <br />{a) Upon receipt of such notice from BENEFICIARY, TRUSTEE <br />shall cause to be recorded, published and delivered to TRUSTOR such <br />Notice of Default and Notice of Sale as then reyuired by law and by <br />this DEED OF TRUST. TRUSTEE shall, without demand on TRUSTOR, <br />after such time as may then be required by law and after recordation <br />of such Notice of Default and after N"otice of Sale having been <br />given as required by law, sell the TRUST ESTATE at the time and <br />place of sale fixed by it in such Notice of Sale, either as a <br />whole, or in separate lots or parcels or items as TRUSTEE shall <br />deem expedient, and in such order as it may determine, at public <br />auction to the highest bidder for cash in lawful money of the <br />United States payable at the time of sale. TRUSTEE shall deliver <br />to such purchaser or purchasers thereof his goad and sufficient <br />deed of deeds conveying the property so sold., but without any <br />covenant or warranty, express or implied. The recitals in such <br />deed of any matters or faces shall be conclusive proof of the <br />truthfulness thereof. Any person, including, without limitation; <br />TR[lSTOR, TRUSTEE or BENEFICIARY, may purchase at such sale and <br />TRUSTOR hereby covenants to warrant and defend the title of such <br />purchase or purchasers. <br />(b) After deducting all costs, fees and expenses of TRUSTEE <br />and of this TRUST, including attorney's fees and costs of evidence <br />of title in connection with sale, TROSTEE shall apply the proceeds <br />of sale *_e payment of (i) ail sums expended under the terms hereof, <br />not then repaid, with accrued interest at twenty percent (20B) per <br />annum, (ii) all other sums then secured hereby and (iii) the remainder, <br />if any, to the person or persons legally entitled thereto. <br />(c) TRUSTEE may in the manner provided by law, postpone sale <br />of all or any portion of the TRUST ESTATE. <br />15. REMEDIES NOT EXCLUSIVE. TRUSTEE and BENEFICIARY, and each of <br />therm, shall be entitled to enforce payment and performance of any <br />indebtedness or obligations secured hereby and to exercises all <br />rights and powers under this DEED flF TR[t5T AND SECURITY AGREEMENT <br />or under any LOAN INSTRUMENT or other agreement or any laws now or <br />hereafter in force, notwithstanding some or all of the such indebted- <br />ness and obligations secured hereby may now or hereafter he otherwise <br />secured, whether by mortgage, died of trust, pledge, lien, assignment <br />or otherwise. Neither the acceptance of this DEED OF TRUST 'AND <br />
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