201007636 - Laserfiche WebLink

Browse

20100�63G communications, the addresses of the parties shall be as set forth on page 1 of this Recapture Deed of Trust 27. Trustee Frovisions: (a) Trustee accepts this trust when this Recapture Deed of Trust, duly executed and acknowledged, is rnade a public record as provided by law. Tt'ustee is not obligat�d to notify any party hereto of a pending sale under any other deed of trust ar any action or proceeding in which Grantor, the Autharity or Trustee shall be a party, unless brought by Trustee. (b) The Authority may, frorn tirne to time, by instrument in writing, substitute a successor or successors Co any TrusCee named herein or acting hereunder, which instrurnent, executed and acknowledged by the Authority and recorded in the office af the Register of Deeds af Hall Caunty, Nebraska, shall be conclusive proof of proper substitution of such Trustee or Trustees. Any successor to Trustee shall execute, acknowledge and deliver to its predecessar and Grantar an instrument accepting such appointment, and thereupon such successor, without any further act, deed or conveyance, shall become vested with all the estate, properties, rights, pawers, duties and trusts of its predecessor in the trusts hereunder with like effect as if originally named as trustee herein; provided, however, that an the written request of Grantor, che Authority or the successor trustee, such predecessor shall execute and deliver an instrument transferring ta such successor, upon the trusts expressed in this Recapture Deed of Trust, such estate, properties, rights, powers and trusts and shall duly assign, transfer, deliver and pay over to such successor any property and moneys subject to the lien hereof and held by such predecessor. (c) Trustee may resign and be discharged of the trust by giving notice thereof to the Authority and Grantor specifying the date (not less than ninety (90) days after such notice) when such resignatian shall take effect. Such resignation shall take effect on the earlier of the date so specified or the appointrnent and acceptance of a successor trustee pursuant to Section 27 ofthis Recapture Deed of Trust. (d) No trustee hereunder shall be personally liable by reason of any act or ornission of any other trustee hereunder. (e) Grantor shall pay or cause to be paid the compensation to which Trustee is entitled hereunder and all proper disburserr►ents and expenses incurred by Trustee hereunder. (� Upon written request of the Authority stating that all sums secured hereby have been paid, satisfied, or fargiven and upon surrender of this Recapture Deed of Trust and any note to Trustee for cancellation and retention and upon payment by the Authority of Trustee's fees, Trustee shall reconvey to the Grantor, or the person or persons legally entitled thereto, without warranty, any portion of the Property then held her�under. The 18 Recapture Deed of Trust and Security Agreement 4845-2546-71433