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201000945
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201000945
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Last modified
2/11/2010 2:49:56 PM
Creation date
2/11/2010 2:49:56 PM
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DEEDS
Inst Number
201000945
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201000945 <br />proceeds awarded to Trustor (the "Proceeds") are hereby assigned to Beneficiary and Trustor agrees to execute such <br />further assignments of the Proceeds as Beneficiary or Trustee may require. <br />6. FUTURE ADVANCES. Upon request of Trustor, Beneficiary, at Beneficiary's option, prior to <br />reconveyance of the Property to Trustor may make future advances to Trustor. Such future advances, with interest <br />thereon, shall be secured by this Deed of Trust when evidenced by promissory notes stating that said notes are secured <br />hereby. <br />7. APPOINTMENT OF SUCCESSOR TRUSTEE. Beneficiary may, from time to time, by a written <br />instrument executed and acknowledged by Beneficiary, mailed to Trustor and Recorded in the County in which the Trust <br />Estate is located and by otherwise complying with the provisions of the applicable law of the State of Nebraska substitute <br />a successor or successors to the Trustee named herein or acting hereunder. <br />8. SUCCESSORS AND ASSIGNS. This Deed of Trust applies to, inures to the benefit of and binds all <br />parties hereto, their heirs, legatees, divorcee, personal representatives, successors and assigns. The term "Beneficiary" <br />shall mean the owner and holder of the Note, whether or not named as Beneficiary herein. <br />9. INSPECTION. Beneficiary or its agent may make reasonable entries upon and inspections of the <br />Property. Beneficiary shall give Trustor notice at the time of or prior to an inspection specifying reasonable cause for the <br />inspection. <br />10. TRU STOR NOT. RELEASED; FORBEARANCE BY BENEFICIARY NOT A WAIVER. Extension of <br />the time far payment or modification of amortization of the sums secured by this Security Instrument granted by <br />Beneficiary to any successor in interest of Trustor shall not operate to release the liability of the original Trustor or <br />Trustor's successors in interest. Beneficiary shall not be required to commence proceedings against any successor in <br />interest or refuse to extend time for payment or otherwise modify amortisation of the sums secured by this Security <br />Instrument by reason of any demand made by the original Trustor or Trustor's successors in interest. Any forbearance by <br />Beneficiary in exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. <br />11. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN TRUSTOR. If all or any part of <br />the Property or any interest in it is sold or transferred (or if a beneficial interest in Trustor is sold or transferred and <br />Trustor is not a natural person) without Beneficiary's prior written consent, Beneficiary may, at its option, require <br />immediate payment in full of all sums secured by this Security Instrument, however, this option shall not be exercised by <br />Beneficiary if exercise is prohibited by federal law as of the date of this Security Instrument. If Beneficiary exercises this <br />option, Beneficiary shall give Trustor notice of acceleration. The notice shall provide a period of not less than 30 days <br />from the date the notice is delivered or mailed within which the Trustor must pay all sums secured by this Security <br />Instrument. IFTrustor fails to pay these sums prior to the expiration of this period, Beneficiary may invoke any remedies <br />permitted by this Security Instrument without further notice or demand on Trustor. <br />12. EVENTS OF DEFAULT. Any of the following events shall be deemed an event of default hereunder: <br />a. Trustor shall have failed to make payment of any installment of interest, principal, or principal and <br />interest or any other sum secured hereby when due; or <br />
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