|
-- � - ----
<br /> �� . . ;:_:�::���--- - � -_
<br /> �: - -- . - ---�..",�:�'-- - - �_.._- - .- �__R._ ��---�-
<br /> .—�-..�.����.L'�w:n:: ,..l��;.�„���-� .:q"-='i�- -�::�5-,_:�]!,�:�.so0:�i,:��—_���_�_—__-_ ----_-_.. ��__.
<br /> s—
<br /> • � •
<br /> �' � �V�✓
<br /> I. The waivor by TRUSTEE cr BEHEFICIARY of any dpf�ult af TRUS7OR
<br /> under thia Aeed of Tru�t, on one occrosion, ehell nat be or be
<br /> elooraed ta b� a waiv�r of sny other or citailar dQ.faulto
<br /> cub�squantly occurring.
<br /> �. If title ta a�ny part of the prop�rty hereiyi shall be taken in
<br /> condemnation proceed3ngs, by right of eminent domein, or
<br /> similnr action, or shall be go�d under th�ceat af condemnation,
<br /> a?1 aw�rds, damAgas artd procaeds are hereby aesigned and shall
<br /> be peid to tt►e BF.�IEFICIARY, who shall apgly such payment, or
<br /> any pnrt thereof, in their snle discretian, to the sum due at
<br /> thnt time on this Deed of Truat nnd Truat DeQd Note, with Any
<br /> balance abova the amount due hereunder payable to the TRUSTOR.
<br /> I4. Thp HENEFICIARY, their agents or representatives, are hereby
<br /> authorized to enter, at any reasonable tf.�e, upon a��r part of
<br /> the �rust property for the purposes of inepecting tt�e sa�ae and
<br /> for the purpose of per€arming any of the acts they are
<br /> authorized to �Oerform under the terms of this Deed of Trust
<br /> and other accompan�ring docwnents.
<br /> L. This Deed of Trust and all accompatng�i.ng docwaents ��a subject .
<br /> to, constructed and governed by the la�rs of t�.�r State of
<br /> Nebraska for all purposes.
<br /> Mj« Za the event any one or more of the provisions c�c��ztained��in
<br /> , .Rlx.is DQed of Trust, Trust Deed Notes, or any othe� z�atrument
<br /> .. � given �n connection with this traasactiQa, shall for nny �
<br /> reason be held to be invalid, illegal or u��araforceable in auy
<br /> respect, such invalidity, illegality, or 'unenforceabil�t�y
<br /> shatll, at the option of the HENEFICIARY, not affect any otner
<br /> p�ovisions of this Deed of Trust crr Trust Deed Note, but this
<br /> �IIe�ad of Truat and Trust Deed Note shall be construed as if
<br /> such invalid, illegal or unenforceable grovision had nev�r �
<br /> bean conta3ned therein, it being the intsntion of the part.��� .
<br /> that the provisions of this Deed o� Trust are declared to �
<br /> . . —_. _._ . . . ---
<br /> �ievqrabia. .._. .. _.-- �- �-�-�----�-----=-------�---._,.::__:___•
<br /> N. This Dead of Trust shall inure to and bind the hefr��,
<br /> devisees, personal representatives, successors and asaigns �E
<br /> the parties hereto. � • ,
<br /> The TRUSTOR requestS that a copy of any Notice of Default an�i � �
<br /> of any Notice of Sale hereunder be mailed to thep at the address ,
<br /> herefn sQt forth, or such other address as they may provide to the
<br /> TRUSTEE and HENEFICI7IRY. TRIISTOR further states that they haire
<br /> qiven the BF.ZIEFICIARY a written l►cknowledqment which states that as :.
<br /> TRIISTOR, they uaderstand that the docwoent that they ara esecutinq
<br /> herein ia a Deed of Trust and aot a mortqaqe, ancl that the power of
<br /> sale provided for in tt�is Deed of Trust pravides �ubstaatially
<br /> different rights and obliqations than a mortgaqe and in an event of
<br /> default or breach of t.�ee oblfgatfons set forth herein, tha TRUSTEE •
<br /> and the BENEP'ICIARY may take such ac�ion as herein provided, ; �
<br /> includinq the exercise of the power of sale, and the parties agree
<br /> that said l�ckaowledgment above referred to has been e�cQCUted prior
<br /> to tho execution of this Deed o¢ Trust and shall be recorded prior
<br /> to tha recordation of this Deed of Trust. ._
<br /> ESECOTED the date first above written. ,.
<br /> T'�E UT:� �CiW �aY.aCE, 1 �"ieDr��S�a
<br /> Part� rshi.p,
<br /> BY 1b'r�� I V
<br /> D IS D. H8Z30N, General Partnar
<br /> �.,,�,�,,,��f� �_ s
<br /> b �1RD H. BORER JR., General
<br /> Partuer, TRUSTt)R
<br />
|