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201001610
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Last modified
3/11/2010 3:42:49 PM
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3/11/2010 3:42:48 PM
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DEEDS
Inst Number
201001610
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2oiooisio <br />indebtedness secured by this Deed of Trust; and all such instruments shall be filed and recorded at <br />Trustor's expense; (b) Beneficiary may, from time to time, by written instrument executed and <br />acknowledged by Beneficiary, mailed to Trustor and recorded in the county or counties in which the <br />property is located and by otherwise complying with the provisions of the applicable laws of the <br />State of Nebraska, substitute a successor or successors to the Trustee named herein or acting <br />hereunder; (c) although the Trustee, or his successor or successors, maybe an agent of, or attorney <br />for, or otherwise connected with the Beneficiary, such fact shall not be construed to disqualify him <br />to act as such Trustee, nor shall such fact prevent the Trustee or Beneficiary from bidding at a sale <br />and buying any part ar all of the property at any sale hereunder; (d) that if it should be necessary or <br />appropriate for the protection of the security hereby conveyed or enforcement of the debt hereby <br />secured, for the Trustee or the Beneficiary to institute or become a party to any proceeding or suit <br />in a court of bankruptcy or probate or other court of general or limited jurisdiction, all expenses and <br />costs properly incurred by said Trustee or said Beneficiary (including reasonable attorneys' fees) paid <br />or incurred by said Trustee or Beneficiary in maintaining, prosecuting ar defending such proceeding <br />or protecting their respective rights hereunder shall be an additional debt secured by this Deed of <br />Trust in like manner with the principal debt herein described; (e) Beneficiary, or its agents, <br />representative ar workmen, are authorized to enter at any reasonable time upon or in any part of the <br />property far the purpose of inspecting the same and for the purpose of performing any of the acts it <br />is authorized to perform under the terms of this Deed of Trust; (f) any forbearance by Beneficiary <br />or Trustee in exercising anyright or remedyhereunder, or otherwise afforded by applicable law, shall <br />not be a waiver of or preclude the exercise of any such right or remedy hereunder; similarly, the <br />waiver by Beneficiary or Trustee of any default of Trustor under this Deed of Trust shall not be <br />deemed a waiver of any other or similar defaults subsequently occurring; (g) extension ofthe time <br />for payment or modification or amortization of the sums secured by this Deed of Trust granted by <br />Beneficiary to any successor in interest of Trustor shall not operate to release, in any manner the <br />liability of the original Trustor and Trustor's successor in interest. Beneficiary shall not be required <br />to commence proceedings against such successor or refuse to extend the time for payment or <br />otherwise modify amortization ofthe sums and indebtedness secured by this Deed of Trust by reason <br />ofany demand made by the original Trustor and Trustor's successors in interest; (h) without affecting <br />the liability of the Trustor or any other person liable for the payment of the ,obligations and <br />indebtedness secured by this Deed of Trust, and without affecting the lien or charge of this Deed of <br />Trust upon any portion of the Property not then or theretofore released as security for the full amount <br />of all unpaid obligations, Beneficiary may, from time to time and without notice (i) release any <br />person so liable, (ii) extend the maturity or alter any of the terms of any such obligation, (iii) grant <br />other indulgences, (iv) release or reconvey, or cause to be released ar reconveyed at any time at <br />Beneficiary's option any parcel, portion or all of the Property, (v) take or release any other or <br />additional security for any obligation or indebtedness herein mentioned, or (vi) make compositions <br />ar other arrangements with debtors in relation thereto; (i) in addition to the rights and powers given <br />to the Trustee and Beneficiary herein, the Beneficiary shall have all such other rights both in law and <br />equity for collection of the indebtedness secured hereby as it would have but for this Deed of Trust; <br />(j) all covenants and agreements of Trustor set forth in this Deed ofTrust shall be joint and several; <br />(k) this Deed of Trust shall be governed by the laws of the State of Nebraska; (1) in the event any one <br />or more of the provisions contained in this Deed of Trust, or the Note or any other security <br />instrument given in connection with the indebtedness hereby secured shall for any reason be held to <br />Page -6- <br />
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