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<br /> • �� �p�11�II�p�iwhi R�iq�f�M, Upon d�foult by Trustar in tM po�m�nt of or p�rfartwrrc�of tiw t�rms ond conditions of �..�---
<br /> ' . th�Not�,a cny r�wols,modlfkmions or�xt�nsbns th�nof,or th�paym�nt of any otMr ind�bt�dn�ss suu��d hK�by a in th�p�rfamanca !=-f�'�'- -
<br /> ',. . of an�af tM cammants ar opr�nis h�r�r,8�fictary mo�d�clar�dl wms s�cund h�r�b�inwnodiatd�du�oid poyabN ad th�sam� �'�-
<br /> ��f���p�n b�cpM dw ard po�robl�wlthout pns�ntmmt,d�mand,prot�st a notiu of any kind.TMnoft�r,Bemficiary nwY d���ver to
<br /> � • TrustM a w►itt�n dalaration of Mfault and domand ia sab.TrustM sholl have tM powe of wl�of th�Prop�rty and if B�n�fkiary decidos the � _ _ _
<br /> � Prap�rry is to b�:old it sholl d�posit with Tru:tM this Mrd of Trust ond tFw Not�or not�s and an�otMr documints�vidancinp�xpenditures ,�:;:.�
<br /> suund Mnby,ond shol!d�l iv�r to TrostN o wr i tt�n�o t k�o f d�f a u l t a n d�I�c t i o n t o c a u s�t M P r a p e r t y t o b�s o l d,a n d Trustw,G�tum, sholl `� � �
<br /> proparo a similar notice in the fam rsquir�d by bw which shall fw duly fil�d for r�cad by Trustte. �T—�;- -4,_. _c = _
<br /> •• (a)AR�r th�lopsr of such tirn�as moy b�requir�d hy law followinp tii�racardatfon of Notice of Defauit,ond Notice of Defoult ond Notice of
<br /> ' _v ,_ _
<br /> ^ ' • Sal�hovinp ht�n pivm as r�quirM by low,TrustN, without dQmond on Trustor,aholl sell the Prop�Ay in one or more parcals ond in such ader ,_____ _
<br /> „ ° os Trostor may d�t�rmir�an the dm�and ot the time and plae desipnated in safd Notice of Sale,at public auction to the hiphest bidder,the pur- � �~°;i_„�,�--•
<br /> chase pric�payable in cash in lawFul money of th�United Stotos at tho time of sale.Ttw person conductirp tho salQ moy,for ony cause he or she •�_.-�f��___
<br /> .�.,__._-
<br /> d�ms�xpedlent,postpone the wla from time to time until it ahall 6e completed and,in every such cose,notice of posiponemtnt sholl be qiven ;;r a,::•.-��_„
<br /> by public declaration the►eof by such person at the time and place lasf appointed fa the sole;provided,if the sale is postpaned far lonper thon t', � '�y�t�g:� _
<br /> one(1)day beyond ihe day desipnoted in the Notice of Sole,notke ihereof shall be qiven in the wmQ manner os the aiginal Notice of Sale. :'
<br /> Trustae sholl exacute and deliver to the purchaser its Deed conveying the Property so sold,but without any tonvenant or warranty,exp►ess,or t , _ �
<br /> implied.The recitals in the Oeed of any mattors or facts shall be conclusive proof of tlw trufhfulnvss thereof. Any person,includiny without . "� ������;• •`
<br /> �� . � '�� ' � ��
<br /> , limitalan Trustee,moy pu►chase at the sale. , . , .
<br /> .+ � .� ;_. (b).When Trostee selta pursuant to the powers herein,Trustee sholl opply the proceeds of the wle to payment of the costs and expenses of '' �
<br /> � • . , exerthin g the power oi sale and of the sale,includi�g,without limitotion,the payment of Trustee's Fees incurred,which Trustee's fees shall not '� '� �,.-e��°
<br /> "' ` in the apgrepate exceed the fotlowirp amounts base d upon t h e amoun t satur e d h e r e b y o n d r e m a n i n g u n p o i d� 5 p e r c e n t u m o n t h e b a l a n c e . �t"�'��
<br /> � ! • � t h e r o o f;a n d then to tFw items set farth in subparagraph(c)hereof in the ader therein stated. ' �
<br /> (c)AHer poyinp the items specified in wbparaprapN(b),if the sole is by Trustee,or 1M proper tourt and other costs of foreclosure and sale .
<br /> if tha sale is pwsuant to judiciol foracbsura,the p►aoeds of sde sholl be applied in the orde�stated below to tlw paymQnt of: � • ,
<br /> i. ,.
<br /> , (11 Gost of on�evidance of titlo prawed In connoction with such sak and of any rorenw required to be puid, :�� ;.�g
<br /> (2) Attorneysfees: '� `��;"
<br /> (3) All sums then secured hereby, ' } y�—
<br /> (�) Junior trust dNds.mo�tqages,or other lienholders;and ' '`
<br /> (5) TFw nmaindtr,if an�,to tFN person w persons I�qolly entitlQd tiwnto. �Y
<br /> �, �
<br /> (d) lf Nw 8ans}kiary of this Oesd of Trast is o Mnk ec dsfinwd by Nebraska low,any stotement coMnined in ony other soction of this deed �;: � " i��''_
<br /> � notwithstondinp,the Bmeficiory shall not 6e Qntitled to receive or toke and debtor shall not be obligoted to poy or qive,any confession of judg-
<br /> ment,power of ottorney to confess judgment,power of attorney to appeor far o bor�ower in o judiciol praeeding or a�reement to pny the costs
<br /> of cdlection of the attorneys'fees, unless such acts of collectan would not otherwise be prohibited by Nebraska law.Provided, however,thot ��
<br /> thls soction does not apply to the Trustee fee referred to in parag�apn 61b).Provided further,that this paraqroph sholl not apply to this Deed of �
<br /> Trust,If the Beneficiary is not o bank. �� .
<br /> �Z, A�ilioNOl S�e�Inshu��nri.Trustor,at its expense,will exetute and deliver to the Beneficiary,promptly upon demond,such securi• ' 1 �
<br /> . i
<br /> ty instrumenis os may be required by Beneficiary, in form and substance satisfoctory to Beneficiay, covering any of the Property conveyed by .
<br /> � this Deed of Trust,which secwity instruments shall be additional security for Trustor's faithful perFormance of all of the terms, covena�ts ond
<br /> candifions of ihis Oeed of Trust,ihe promissory notes secured hereby,and any other seturity insiruments exetuted in tonnection with this fron-
<br /> saction.Such instruments sholl be recorded or filed at Trustor's expense.
<br /> 13, AppoiM��nt of Sueatwr Tn►stN. Beneficiary moy, from time to time, by a written instrument executed ond atknowledged by .
<br /> Beneficiary,mailed to Trustor and recorded in the county or counties in which the Prope�ty is locoted and by otherwise complyiny with the provi- '
<br /> sions of the applicable laws of the Stote of Nebroska,substitute o successor a successors to the Trustee named herein a octing hereunder.
<br /> 14. Imy�eHon�.Beneficiary,or its agents,representotives or workmen,are authoriied to enter ot ony reasonable time upon a in any parr ,
<br /> of the Property for the purpose of inspecting the same ond for the purpose of performinp any of the acts it is authroi:ed to periorm unde►the
<br /> tarms of the Deed of Trust.
<br /> 15. Opfbn to Fonebt�.Upon the occurrence of ony default hereunder,Beneficidry shall hove the option to foreclose this Deed of Trust in
<br /> the monner provided by law for the forecbsure of rnortgages on real property.
<br /> 16. fonb�nna b�Wn�fkiory Not a Watar.Any forebearance by Beneficiory in ezercising ony right or remedy hereunder,or otherwise
<br /> affarded by opplicable law,shdl not be a waiver of or preclude the exercise of any such right or remedy.likewise,the woiver by 8eneficiary of
<br /> any default of Trustor under this Deed of Trust shall not be deemed to be a waiver of ony other or similor defaults subsequently occurring.
<br /> ` � 17. Tnntor Not R�Nu�d.Extension of the time fa payment or modification or amortizotian of the sums secwed by this Deed of Trust
<br /> granted by Benefitiary to ony successor in interest of Trustor shall not operate to releose.��nny mnnner,the liobility of the original Trustor ond
<br /> � � Trustar's successor in interest.Beneficiay sholl not be required to commence proceedings against such successor or refuse to eK�end�ime for
<br /> poyment or otherwise madify omortitation of the sums secured by this Deed of Trust by reason of ony demand made by the origiral 7rustor and
<br /> , Trustor's suctessor in interest.
<br /> 18. B�n�flelMy'a Powers.Without pfiecting the liability of the Trustor or any other person I�able for the payment of any obGgation herem
<br /> menfioned,and without affecting the lien or charge of this Deed of Trust upon any portion af the Property not then or theretofae released n�•
<br /> security for the full omount of oll unpaid abligotions.Beneficiary may,from time to time ond without not�ce. lil release ony persan so I�abIP.1��!
<br /> • eztend ihe moturity or alter any of the�erms of any such obligutions, (iiil grant other indulgences. liv)release or reconvey. a cause ro br�
<br /> releosed or retonveyed ot ony time at Benef�ciary's options any pa cel.portion or all of the Property �v 1 take or release ony other or addit�onnl
<br /> security for any obligation herein mentioned.or(vi 1 moke composinons or other arrongements with debtors in relotion thereto
<br /> 19. Futun Advanc�s. Upon request o}Trustor Trustee ot Tructee's apfion pri0r to retonveyonte of the Property to Trustor mny mok��
<br /> futuro advonces to Trustor. Such future advances. with interest thereon, sholl be secured by tlxs Trust Deed when ev�denced by prom�ssory
<br /> I notes stoting thot said notes are secured hereby: provided thot ur�o r�me sholl�he sewred pr�nc�pal.future odvonces. no� mciva�ng sums ad•
<br /> vanted to protect the secunty,exceed an aqgregote pnncipnl amount of S Z00,000.00
<br /> � 20. R�eonr��ane�by Trun�e.Upon written request of Benefi[iary stoting thot oll sums secured hereby have been pa�d.cuid upon surrender
<br /> of ihis Deed of Trust and ihe Note to Trustee for contellation and retemion ond upon paymem by Trustur ot lrustee s f crs 1 i ustee sholl
<br /> reconvey to Trustor,or the person or persons legolly entitled thereto,without worronty. any partian of the Property then held hereunder ln«�
<br /> recitols in suth retonveyance of any matfers ar facts sholl be tonclusive proof o}the truthfulness the�eof The grontee m ony reconveyancP�»ny
<br /> be described as"the person or persons legally entitled thereto".
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