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DEED DF TRUST 2 O i o O ~ +~,~ ~ Pa
<br />Loan No: 9Q9228353 ; (Continued) ge 7
<br />Attorneys' Eves; Expenses. If Lender institutes any suit or action to enforce any of the terms of this Desd of Trust, Lender shall be
<br />entitled to recover such sum as the court may adjudge reasonable as attorneys' fees at trial and upon any appeal. Whether or not any
<br />spurt action is involved, and to the extent not prphibited by law, all reasonable expenses Lender incurs that in Lender's opinion are
<br />necessary at any time for the prptectian pf its interest or the enforcement of its rights shall become a part of the Indebtedness payable
<br />on demand and shall bear interest at the Note rate from the date of the expenditure until repaid. Expenses covered by this paragraph
<br />include, without limitation, however subject to any limits under applicable law, Lender's attorneys' fees and Lender's legal expenses,
<br />whether or not there is a lawsuit, including attorneys' fees and expenses for bankruptcy proceedings (including efforts to modify or
<br />vacate any automatic stay or Injunctipn-, appeals, and any anticipated post-judgment collection services, the cast of searching
<br />retards, obtaining title reports (including foreclosure reports, surveyors' reports, and appraisal fees, title insurance, and fees for the
<br />Trustee, to the extent permitted by applicable law. Trustor also will pay any court casts, in addition to all other sums provided by
<br />law.
<br />Rights of Trustee. Trustee shall have all of the rights and duties of Lender as set forth In this section.
<br />POWERS AND OBLIGATIONS OE TRUSTEE. The following provisions relating to the powers and obligations of Trustee are part of this
<br />peed of Trust:
<br />Powers of Trustee. In addition to all powers of Trustee arising as a matter of law, Trustee shall have the power to take the following
<br />actions with respect to the Property upon the written request of Lender and Trustor: Ia1 join in preparing and filing a map or plat of
<br />the Real Property, including the dedication of streets or other rights to the public; (b) Join in granting any easement or creating any
<br />restriction on the Real Property; and Ic1 join in any subordination or other agreement affecting this Deed of Trust ar the interest of
<br />Lender under this Deed of Trust.
<br />Trustee. Trustee shall meat all qualificatipns required for Trustee under applicable law. In addition to the rights and remedies set
<br />forth above, with respect to all or any part of the Property, the Trustee shall have the right to foreclose by notice and sale, and Lender
<br />shall have the right to foreclose by judicial foreclosure, in either case in accordance with and to the full extent provided by applicable
<br />law.
<br />Successor Trustee. Lender, at Lender's option, may from time to time appoint a successor Trustee to any Trustee appointed under
<br />this Dsed of Trust by an instrument executed and acknowledged by Lender and recorded in the office of the recorder of HALL County,
<br />State of Nebraska. The instrument shall contain, in addition to elf other matters required by state law, the names of the original
<br />Lender, Trustee, and Trustor, the book and page (or computer system reference) where this Deed of Trust is recorded, and the name
<br />and address of the successor trustee, and the instrument shall be executed and acknowledged by all the beneficiaries under this Deed
<br />of Trust or their successors in interest. The successor trustee, without conveyance of the Property, shall succeed to all the title,
<br />power, and duties conferred upon the Trustee in this Deed pf Trust and by applicable law. This procedure for substitution of Trustee
<br />shall govern to the exclusion of all other provisions for substitution.
<br />NOTICES. Any notice required to be given under this Deed of Trust, including without limitation any notice of default and any nptice of
<br />sale shall be given in writing, and shall be effective when actually delivered, when actually received by telefacsimile (unless otherwise
<br />required by law), when deposited with a nationally recognized overnight courier, or, if mailed, when deposited in the United States mail, as
<br />first class, certified or registered mail postage prepaid, directed to the addresses shown near the beginning of this Deed of Trust. All
<br />copies of notices of foreclosure from the holder of any lien which has priority over this peed of Trust shall be sent to Lender's address, as
<br />shown near the beginning of this Desd of Trust. Any party may change its address for notices under this Deed of Trust by gluing formal
<br />written notice to the other parties, specifying that the purpose of the notice is to change the party's address. For notice purposes, Truster
<br />agrees to keep Lender informed at aii times of Trustor's current address. Unless ptherwise provided or required by law, if there is more
<br />than one Trustor, any nptice given by Lender to any Trustor is deemed to be notice given to all Trustors.
<br />MISCELLANEOUS PROVISIONS. The following miscellaneous provisions are a part of this Deed of Trust:
<br />Amendments. This Dead of Trust, together with any Related Documents, constitutes the entire understanding and agreement of the
<br />parties as to the matters set forth in this Deed of Trust. No alteration of or amendment to this Deed of Trust shall be effective unless
<br />given in writing and signed by the party or parties sought to be charged or bound by the alteration or amendment.
<br />Annual Reports. If the Property is used for purposes other than Trustor's residence, Trustor shall furnish to Lender, upon request, a
<br />certified statement of net operating income received frpm the Property during Trustor's previous fiscal year in such fprm and detail as
<br />Lender shall require. "Nat operating income" shall mean all cash receipts from the Property less all cash expenditures made in
<br />connectipn with the operation of the Property.
<br />Caption Headings. Caption headings in this Desd of Trust are for convenience purposes only and are not to be used to interpret or
<br />define the provisions of this Deed of Trust.
<br />Merger. There shall be no merger of the interest ar estate created 6y this Deed of Trust with any other interest ar estate in the
<br />Property at any time held by or far the benefit of Lender in any capacity, without the written consent of Lander,
<br />Governing Law. This Deed of Trust will be governed by federal law applicable to Lander and, to the extent not preempted by federal
<br />law, the laws of the State of Nebraska without regard to its conflicts of law provisions. This Deed of Trust has been accepted by
<br />Lender in the State of Nebraska.
<br />Choice of Venue. If there is a lawsuit, Trustor agrees upon Lender's request to submit to the jurisdiction of the courts pf Hall County,
<br />State of Nebraska.
<br />Joint and Several Liability. All obligations of Borrower and Trustor under this Dead of Trust shall be joint and several, and all
<br />references to Trustor shall mean each and every Trustor, and all references to Barrpwer shall mean each and every 9orrowsr. This
<br />means that each Trustor signing below is responsible for all obligations in this Deed of Trust. Where any one or more of the parties is
<br />a corporation, partnership, limited liability company or similar entity, it is not necessary for Lender to inquire into the powers of any of
<br />the officers, directors, partners, members, or other agents acting ar purporting tp act on the entity's behalf, and any obligations made
<br />or created in reliance upon the prpfessed exercise of such powers shall be guaranteed under this Deed of Trust.
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