|
_ ___ :;::..- : ____ ___
<br /> . _..._,. ., .
<br /> � ��:�..�+.:.���... �i,,: _ __
<br /> _ . .. .- - .: . .:. .:_: --- � - - --- - --_--_ -
<br /> W�.
<br /> �il��. -... ,..` . .. ._, .. . . _ -- _ _
<br /> � ��'~� �,�r����. _.__
<br /> (B1 Any talluse on tha part at the Truitor to mset tho rspayment t�rm� In rtl�pect to the Loan AQreement enci eny
<br /> othdr advunces under thls Qsed of 7►�r�t h�►eby�ncut�tl; and,
<br /> (C) Any actlon by th�7�u�tor prohlbitad by th� t�rm�of th�Lo�n A9resmont or ihla Deed of Truet or any fellure ot .
<br /> the Truator to act ae requlrsd by th�Loen/hpre�m�nt or t�l�Deed of Tru�t,aech of whiCh Trustar h�reby�iras
<br /> have an �alverae d�recZ on �i�a Ca��a4lel;.Py'a �ccurity far Rhe Eln� c►1 credit eatnbll�h�d and the rlAhte u! thi�
<br /> I�srseflatery Ifl�uah ascurity.
<br /> and upon the happsnlnfl ot any iuch ev�nt of d�fwlt, 8es�sficl�ry m�y d�clare eil sums eecursd her�fry l+r�mRdEetaly
<br /> dus and peyable by deNver ta Tru�ts4 of v�rittsn decl�r�tion of d�f�ult. Ths Truatee shell havs th���rar o!sal�of
<br /> tha P�operty,and if Beneflclsry dssirss ihs P►op�rty to be�r�ld,it rhuil deposit wlth Trustee thl�13+tar� o�7rwst and alf
<br /> prqmi�eory note�and dacurr�e��1a eviders�ing�xp+enditure�aecured here4y AnA�hall dtlivar to Tr4REer��wcitten notice
<br /> of defeult and election to aau:s the PrOpstty to be sald, end the Trustee In turn shetl prepere a noE�r,o ir�the forrn
<br /> reQuired by lew, which ehall bs duty fllsd tor�ecord by T�ustee.
<br /> (A) Aftar tM IsM�,Qt.�uch itm4 As m�y be Pequired by I�w following the recordation of anl�nr�tfr,o of dw�fautt,end
<br /> notice of dafault dnd rxatir.e of�Ale hevinq bebn Qiven �s requlred by law,Trustee, +rch;'�nut derrn�and on Trustor,
<br /> shsll�sll t19s PropM'tY on th�d�te�nd�t the tlm�md pl�c�desiflns�ted in�afd nattce o�.eel��, et publlr.auction to
<br /> the hlAhe'st bidder, the purch�s� pric� payabl� In lewfal monsy of ths Unitad Stat�t at th�s timd of sele. The
<br /> person conduatir►y the s�le m�y►, tor�ny caute he da�ms wx{►e�31i�'�t,�vatpore tha :.�lit f:arr t1rr��t�t�r*!e+antit It -
<br /> shall be compfeted end, in evKyr euch c�a�, notics of pottponsmsnt�hsll be piven b�p q�b�i�decteratinn thBreof
<br /> by�uch pe�son at tFe�tfine and placs I�at appolnted for th� s�ls,prnvlded,If tha�+ale I�t�satponed for#�n��t�than
<br /> onell) dey beyond tM day desiynsta�In th�notice of ssis,notica thereof shall be yhrxtn In tt�fl same iri�r�iner a$
<br /> the orieinsl notice of sale. Trustee shall executs end dalivsv to the purch�ssr Its D�q6 stonYOying tt�P►opeity'so. •
<br /> sold,but without endy cov4nant ar warranty,ex�reti or implled. The recitals in tha�+�+ed�pU`���at t��e sA ea
<br /> shall tse conclusive proof of the truthfulns�s th�reof. Ar�y penon,fnciudin�Beneficin, ,.me�
<br /> (8) iiVhen Trustea sells pursuant ta Yhe po�ws�� heretn,ths T���tee�hell apply the pr�ce�s ot.tf►e asle to pay�nsnt
<br /> of tM costs end sxpenaes of sxsrci�ing the Rawsr uf s�l�snd ef th�tete,in�luding th�a payme�t of the'frus�tee's �
<br /> fees ectually irocu�red, which Truatse's isea�hs�l not in the p9ng�ta excsed ths 4ctli3wfng �mtiunt bss�d upon
<br /> tha�nno�snt saaurad hsreby�nd reim�inlnp unpsid;6 psrcentum on the fir�t 01,OOQ'dnrsreaf, 1 p�rcbn2UCYs�Qn ttie
<br />. L� ��J��♦ �w�r���� � ' '-i'. ..�-. _
<br /> t�vwa�
<br /> hMsncg�theraof and then to tM itsms in su�egrepn ii.i in i.ro v��o� �� • •
<br /> iC)AftK��yfnp the itsms sWcified in subpsrpr�ph(B)If the s� (i by T�u�t�e, or th+t prtapsr coyi`t�nd bt�iot xoste
<br /> �of forecbsure and aNe ff the sale is pur�uant te Judiclal lo�eclosurs,thd proueds of sn0z ateeti ba a�p11�d'eo i}ib,ar�i� , .
<br /> st�tsd ta thn paym4nt of: • •: .
<br /> (11 Coat of eny evidence of titie procurad in connection with such sele�r�rd of any revenue sta�nW�fi
<br /> it!).. All sums the:ecund hsreby; �
<br /> (�1�1 Yhe nmaind�r,if any,to tt»peraon le�slly entitl�d thereto.
<br /> . . 13, puq��nd ObNpNefoo�ol Tn�tsM. (�1 Tt�dutiea�r�d oblipetions of irwta�t>�h�slF bm determinsd eolely by _
<br /> ;. •.}hs exptass pra�iafons of th�is Dssd of T�u�t,k►d TrustN shall not be Ifabls rxCSpt for t�+e p�erf�anmsoae cf such dutie�
<br /> end oblbatbna ss ure specifically set forth hereln, and no ImpHed cov�nsnt� nr obll�patirAne shal! bo impossd upon
<br /> Yrusteer, (b) No provisions of thi�Qe�d of Truat�hNl nqutrs TmstN to sxpend or r3t�k Itns ow�a funda,o�oth�wiss
<br /> incu��ny financlal oWipation in th�psrfnrm�nr.�of�ny of it�dutiN hsr�ndK, or in�a fx�rci�of sny of its rfphb
<br /> or pow�r, !t f+t�hall hav�Qcounds tor bNl�vinp tts�t the rspaymrnt of such tunds or�Eitqu�te�r�nr.ity s�inst such
<br /> ri�k or II�I�iUt�t i�not rM�onabty asur�d to it;lc) Tnuta�m�y ca�su�t wlth�aunsel of If�t ow+r+clx�oelrW a�d tt�advic�"
<br /> af�uch coun�el sh�ll b�full uxi compi�te authorix�tlon�nd protoctbn in ih�raspact C•tssm/act6an tak�n or sufhr�i
<br /> by it iw►��r in Qood f�ith and tMlance th�r�on;(d1 TrustM shdl not b�IiaW�f�x�y�����Y��n�f�ith
<br /> and r�eqi�rsbly belisv�d by it to b�authorized or within tM disastion ar ri�htR and p��w�cor+�n'sd upoa it by tfiis
<br /> � Deed af Trust. '
<br /> � 14. AAdNion�l S�au�it11 In�1�na. Truator, at Its expenss. will�xecut� �nd ddivun t�o.�1te Trust�e. .�Pf'omptlV
<br /> , upon d�rq#nd�:uch securlty Instrumsnt�as msy b�requlred by Truste�,{n ta m�nd�ul:ttais,�ts ie4isfictory to T�usta,
<br /> covsring�;any of the Prop�rty convayed by this DMd ot Tous4, which secu�ity instrumenn ���il�tie�dditional s�cur(tY
<br /> for Tru�3aar'a f�i�hful psrtormance af s11 oi the terms, covenants and conditions of thia D�!of tru�i, the Losn
<br /> . �•qqreemerdt,any promissory notes secured hsreby end sny other�ecurity instruments execut�ad i�i connoction with thls
<br /> • tra�isaction. Such fnatruments aheil be�ecordad or tiled, end re-recnrded and refiled, et Tr�cat,or's sxpmrnss.
<br /> 1 e. 1VIt�c�t�ow.
<br /> (A) in tFli�ev�nt �ny one or more ot tha praviabns contuined In ths Desd of Trasi, or t1H L��n A`gr�smrnt or eny
<br /> promiuory note, or eny otl�er sacurity Instrum�nt piv�n in connection with thi�tr�ns+�c�c�r,shoti for�ny ruaon
<br /> to he hetd to be invalid,Nlegal or unsnforceaWo in any reapect,r�ch Uvelidity,Uley�lity an,+:uwer�torceabilfty shall,
<br /> at tha option of�t�eticfery, not aHect any other provision of this Q�ed of T�u�t,th�t thto C�esc#af Trust sh�ll be ,
<br /> � canstcuad aa if auch irovalid,illeqM�r unentorceehte provi�lon h�d never bean cont�ined hr�re3n or tl�oreln.
<br /> (B) This�,KJaed af Tru�t�hatl be construsd according to the lew�ot the Stats of N�braaks. � � �
<br /> (C) the�eac�af Ttust shaii Insun tn and bind ths hein,legateee,devisees,edminis�ra�4aa,exec�nt�'�,aucces�cts and
<br /> � aaai�ns nf the perNae hereto.
<br /> [�f Truatar sheU uav ell taxea levled upon thfa Qeed of Trust or the debt secured hersby,toQether vuE�hr a�r►��d9het faxes
<br /> • _�.�,� �:._.....��.
<br /> or easlasmonta which may 6e Isvied against the Trustee orsenenciary ar i�,e iegai i�'v�u'e��.�o�.••�_�,,r,••�••-�.•.
<br /> � on,ac�eunt of the tndebtednass evidence tt�eroby. � '
<br /> � '
<br /> (E) WltQi�+�ver used t�erefn,the singuler number aNatl Inalude tM plurai�the plural,the e(neuler,the use�n`eny pender
<br /> ahall'ha applicable to ell pendars, enaf the term "�nefiaiAry' shail fnciude any Ray�s of the indebtedneaa heraby
<br /> secured nr eny tranefer thereof,whmther by operatian of I�w or athnrwise.
<br /> 18. Succasor 7rustM. Benefiafery may fram time to time subatitute a aucce=sor or euecceeaors tc�eny 7ru�ta�
<br /> named herein or acting heraunder co execute thfa 7�ust Dsed. Upon such eppoi�tment and without canvaytix:s to
<br /> the succeaaor Yruatee,ths Idtter shell bd vested with atl titlo,powers end dutie�co�terrsd upon any Trwiacs t�rein
<br /> n�med or ecting hepeunder. Each such appolntment or aubst(tutlon e�hail be made by+written instrument by He��fi�iary,
<br /> contalning reference tm thie�aed of Tru�s!at�d Its pl�cs o1 record,which when recordod in the office�f the Pieetxtan
<br /> of Gsests of tt�s County or countlss in which:wid praperty ts�ltu�ted,shali bs aonctuaive praof of{�rp+�a����tme��a
<br /> of the suCCessor'frustee. The foregofng power of wbst�tutien snd the prnceduro therefon shall rist s of
<br /> 408-3
<br /> slea
<br />
|