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201104�9� 30. Assignment of leases and rents. Borrower agrees that the assignment of leases and rents in this instrument is immediately effective on the recording of this instrument. Upon default, the Borrower will receive any rents in trust for the Government, and Borrower will not commingle the rents with any other funds. Any amounts collected shall be applied at the Government's discretion first to costs of managing, protecting and preserving the properiy, and to any other necessary related expenses. Any remaining amounts shall be applied to reduce the debt evidenced by the note(s). Borrower agees that the Government may demand that Borrower and Bonower's tenants pay all rents due or to become due directly to the Government if the Borrower defaults and the Governcnent notifies Bonower of the default. Upon such notice, Borrower will endorse and deliver to the Government any payments of rents. If the Borrower becomes subject to a bankruptcy, then Borrower agrees that the Government is entitled to receive relief from the automaric stay in bankraptcy for the purpose of enforcing this assignment. 31. Application of foreclosure proeeeds. The proceeds of foreclosure sale shall be applied in the following order to the payment of: (a) costs and expenses incident to enforcing or complying with this instrument, (b) any prior liens required by law or a competent court to be so paid, (c) the debt evidenced by the note and all other debt to the Government secured by this inslTUment, (d) inferior liens of record required by law or a competent court to be so paid, (e) at the Government's option, any other debt of Borrower to the Government, and ( fl any balance to Borrower. If the Government is the successful bidder at foreclosure or other sale of all or any part of the property, the Government may pay its share of the purchase price by crediting such amount on any debts of Borrower owing to the Government in the order prescribed above. 32. Sabstitute trustee. The Government and its assigns, without notice and without specifying any reason therefore, may appoint a substitute trustee by filing for record in the office where this instrument; is recorded an instrument of appointment. The substitute trustee may or may not be an employee of the Government. Upon such filing, all the estates, rights, powers, and trusts ganted to Trustee shall transfer to the substitute trustee. Any riglnt to notice of substitution and bond from any trustee are hereby waived. 33. Future Advances. Upon request of Borrower, Government may, at its option, make additional and future advances to the Borrower. Such advances with interest thereon, sha11 be secured by this Trust Deed. 34. Request for Notice. The parties hereby request that a eopy of any notice of default and a copy of any notice of sale be mailed to each party to this Trust Deed at the address set forth in the manner prescribed by applicable law. Except for any other notice required by law to be given in another manner, any notice provided for in this Trust Deed shall be given by mailing such notice by certified mail addressed to the parties, at the address set forth above. By signing below, Borrower accepts and agrees to the terms and covenants contained in this instrument and in any rider executed by Borrower and recorded with this instrument, � _��-�!�"�" � � �BOYYOW2P� �' �BOYYOW2Y� David . Clampit�t — James R. CZampitt (Borrower) � � �w�- (Borrower) ACKNOWLEDGMENTS STATE OF NEBRASKA COUNTY OF �all t SS• (Individual) f On this 29 day of June , 2011 , before me personally appeared David R. Clampitt, a 3ingle }, husband a d if e person fti .Tamc�c R r7 am�i tt � A �t ��e �� known to me to�ie t�e same whose name is subscribed to the foregoing instrument, and acknowledged that (he or she) s� and delivered the instrument as (his or her) free and voluntary act, for the uses and purposes set forth. My commission expires: ��T� � ..� � 7 � 1� ��.�,�,�,3 Note: Page 7 of 7 applies to entities only and will not be recorded for individuals. ti �� NOTARY PUBLIC FSA 1927-1 NE (01-28-OS) Page 6 of 7 �