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<br /> � t2-3�-1997 DEED OF TRUST � � � Page s .
<br /> Loan No 621236 (Continued) ��� -�'� ��1`i _ _ �
<br /> ` right to exerclse the powor o1 sa�e; „ ��
<br /> .--,
<br /> (b) Commence an aclion lo faeclose this Deed of Trust as a mortgage,appolnt a receiver or specificelly enforce eny of Iho covenanls �j_
<br /> hereof;and
<br /> (c) Deliver lo Trustee a wriHen dcaciarelion of default and demand lor sele and a wdtten notice of default end electlon to c8use Trustor's i �_
<br /> interest in Ihe PropoRy to be sWd, whlch notice Trustee Shflll cause lo be duly filed for record In Ihe appropriate omces of the Counly In i —
<br /> which ihe Property IS loCated;end
<br /> (d) With respect to au or any per4 0l lho Porronal Proporty,Londar shnn hnvo nll tho�phts end remedies of a secured psrry under the . --
<br /> Pkbrask�Uniform Commerciol Code. �
<br /> �._ .
<br /> FoncWwro by Pow�r of 3�i�. If LYnder elects to faoClose by�xeclss of fhe Power of Sale herNn contalnad,Lender shall nottly Truslee and ' _ :._�_
<br /> shell d�po�it wifh Trust9e thls Dead of Trus!snd the Note�nd auch rocolpls and evidence ot expendltures mnAe entl securpd by Ihis Deed of , _
<br /> I Trust aa Trustoe may raqulre. ��'��`
<br /> (a) Upon recelpt of such notice hom Lender,Trustse shail cause to be recorded,publlshed end delivered lo Trustor such Nol�e of Qetault � "'�`'•� .�t•���
<br /> .;. . tir,.:,�.;. �.
<br /> � snd Notice o}Sab as Ihen requlred by law end by Ihls Oeed of 7roa1. Trustes shell,withoul demend on Trustor,eMer such Ilme as maY =••�:�,�,,,'`.
<br /> � lh�n be requlred by law end afl�r recordetlon of such NoUCO of Dalnull end aHer Not�e oi Sale haNng been glven as requtred by law,sell _ �R�:���y�:""'—
<br /> ths Property at the Iime end p�ce ol sale fixed by It In such Notice�}Sale,ellher as e whole, or In separate Io1s or parcds or Items a9 ;j�:_����;_
<br /> Trusteo shall deem expedient,and In such order aa It may delermine,at public euctlon to the hiqhest bldder }or caah In lawlul money of
<br /> the United States peyeble et the tlme of sale, Trustee ahall deliver to suCh purchaser or purChasers thereof Ils pood and sufficbnt deed or "�_
<br /> � dseds conveylnp the property ao sold,bul without any covunant or wnrrYnty,express or Implled. 1'he reClals In euch deed of any matters .�'_,=
<br /> or facts shall be conclusive proof of the truthlulness theroof. Any person, Includlnq wlthaut Ilmitatlon Trustar,Trustee, or Lender, may ..�
<br /> � purch85e et SuCh Sflle: � __
<br /> (b) As may be permitled by law,after deductlnp all costs,fees and expenses of Trustee and of thls Trust,Inciudlnp costs of evidence of „ _—
<br /> tille In connectlon with saie,Trustee shall apply Ihe proceeds of sale to payment of (I)all sums expended under the terms of Ihis Deed of
<br /> Trus►or under the terms of the Note nol then repald,Inciuding but not Iimlted to eCCrued Intorest and leie chBrges, (Iq ail other sums Ihon �
<br /> seCUred hereby,and (ili)the remainder,if any,la ihe person or persons legally entilled thereto. __
<br /> (C) Trustee may in the manner provided by law postpone saie of all or any portlon of the Property. _ -
<br /> Remedlea Nat Exctualve. Trustee end Lender,and each of them,shall be entitled to enforce payment and performence of any Indebtedness _ _
<br /> or obllgatlons secured by this Deed ot Trust and to exercise all rights and powers under this Deed of Trust,under ihe Note,under any of the __��
<br /> Related DoCUments,or under any olher agreement or any Iaws now or hereafter In forCe;notwithslanding,snme or all of suCh IndHbtedness �ti;,.��_.
<br /> and oblip8tions Secured by this Deed of Trust may now or hersatter be othenvise secured,whether by mortgage, deed of trust,pledpe,Iien, �,�= -
<br /> � assipnment or otherwise. Ne�tlier the acCeptance of ihls Deed o(Tnist nar its enforcement,whether by caurt aClion or pursuant to the power of .�__.
<br /> sale or other powers contained in Ihis Deed of Trust, shall preJudice or In any manner aHect Trustee's or 4ender's right to reallze upon or �
<br /> enforce nny other security now or hereaHer held by Trustee or Lender,It being agreed lhflt Trustee and Lender, 8nd eBCh of them,sh811 be �'� v F
<br /> entfiled to enforce thfs Deed of Trusl and any other securlty now or hereatter held by Lender or Trustee In such order and manner as they a --���
<br /> either of them may In Ihelr sbsolule discretlon determine. No remedy conferred upon or reserved to Trustee or Lender,is Inlended to be ;;��—
<br /> exclusfve of any other remedy in thls Deed of Trust or by law provlded or permitted,but each shali tre cumulative and shell be In addiflon to ' ,*,�!'�_
<br /> a�sr,r o:ha;:omedy plven f.^.tt!!s Qa:d o}Ti��t�r��w�r hxnattnr existino at law or In equlty or by statute. Every power or remedy yiven by the _ `� ,.�;-
<br /> Note or any ot the Related Documents to Trustee or Lender or to whlah eltner of them may be otherwise sntltled, may be exercised, _:��, : _—�
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<br /> concurtently or Independently,hom time to time and as often as may be deemed expedient by Trustee or Lender,and elther of them may �;, „�,
<br /> pursue inconslstent remedles. No1Nng In this Deed of Trost shall be consirued as prohlblting Lender hom seeklnp a deBCiency Judgment �:?�: ��'�"
<br /> i against the Trustor to ihe extent such action Is permifled by law. • ` �'-
<br /> Requeat For Notice. Trustor,on behatf ot Trustor and Lender,hereby requosts that a copy ot any Nol�ce of Detault and a copy of any NoUce y �
<br /> ; of Sale under this Deed of Trust be mafied to them at the addrssses set torth In the flrst parflgreph of this Deed of Trust. �.
<br /> � Walver; Electlon of Remedlea. A waiver by eny perty of a breach of a provislon of this Deed of Trust shall not conslltule a walver of or ",�
<br /> 1 preJudlCe the partyrs rlghts otherwise to demand strict compllance with that provision or eny other provislon. Electlon by Lender to pursue any .,izµ
<br /> I remedy provided in this Deed of Trust,the Note,in any Related Documenf,or provided by law shall not excluda pursuit of any other remedy,
<br /> end an election to make expenditures or to take action to pertorm an obllgation of Trustor under lhis Deed of Trust aRer faliure ot Trustor to _ _
<br /> perform shali not aftect Lender's riqhl to declare a default and to exercise eny of Its remedles. ' ��
<br /> � Attorneye'Fets;Expeneea. If Londer institutes any sult or actlon to enforce eny of ihe lerms of thls Deed of Trust,Lender shall be entilled to , __
<br /> , r e c o v e r s u c h s u m e s th e court ma y ad jud pe reasonabie as attorneys'fees et trfal and on any appeal. Whether w not any cou�t action Is '.
<br /> t involved,all reasonabie expenses Incurred by Lender wtdch In Lendar's opinlon are necsssary at any time for the protec t lon o f I ts In teres t or t h e :±
<br /> 1 enforcement of fts rights shall become a part of the Indebtedness payeble on demand and shaA bear Interest at the Note rate trom the date o} , �_
<br /> � expenditure untll repald. Expenses covered by thls parflgraph Include,without Ilmitatlon,however subJect to any Ilmits under appllcabie Inw, �;:
<br /> �1 Lenders aflorneys'fees whether or not there Is a Iawsuit,Includlnp aHorney8'fees for bankruptoy proCeedlnqs(includlnp oltorts fo modify or - -
<br /> � vecate any aulometic stay or inJunctlon), appeals and any anticipated post-JudgmeN collectlon services,the cost of searchlnp recards, `�_-
<br /> , obtaiNny titls reports(Includinp foreciosure repoAs),surveyors'reperts,eppralsal fees,title Insurence,end fees for the Trustee,to the exlent ;-
<br /> permltled by appllcable law. Trustor aiso will pay any cou�►costs,In addillon to aii other sums provldod by law.
<br /> a Riphta o}TrUbtEe. Trustee shall have all of the rtghts and duties ot Lender as set fo�1h In this sectlon. , rr`��N•--
<br /> • PONfERS AND OBIIGATI0N3 OF TRUSTEE. The following provislons releling lo the powers and obllgatlons of Trustee are part of thls Deed of �..�,�r�
<br /> i Trust. . '_��T
<br /> Powera of Trustee. In flddition to ell po�ti�ers of Trusteo arising ns a mader of law,Trustee shall have the power to take the following aCllons
<br /> I wilh respect to the Property upon ihe written request of Lender and Trustor: (a)Join In prepartnp and filing a map or piat of iha Real Property, 4 ,
<br /> I Including Ihe dedlcatlon of streets or other riphts to ihe publ�; (b)Joln In granting any easement or crealing eny restrictlon on the Real Properly; �
<br />_ � and (c)Join In eny subordination or other agreement eMecting Ihls Deed of Trust or the Interest of Lender under this Deed ot Trust.
<br />�- Trustee. Trustee shall meot ail qualiticafions requlred tor Trustee under eppl�able law. In addition to the riphls and remedles set forlh above,
<br /> : , wilh respect to all or Any part of the Property,the Trustee shall have the right to foreclose by notice and sale,and Lender shall have the right to ,
<br />+ foreclose by Judiclnl foreclosure,In eilher case in accordance with and to the tull extent provided by appllcablo Inw.
<br /> ' Succeasor Trustee. Lender,at Lender's optlon,mey from tlme to time eppolnt a successor Truslse to any Trustee appolnted hereunder by an
<br /> Instrumenl axecuted and eCknowiedged by Lender and�ecorded In the office of the recorder of HALL County,Nebraska. The Inslrumont shall t
<br /> conteln,In addltion to ell other metters required by stalo Inw,the names of ihe original Lender,Trustee,antl Truslor,the book and pape(or �
<br />- ' computer system relerence)where Ihis Doed of Trust is recorded,and Ihe name and flddross of the sucCessor Irustee,t+nd the Instrument shall
<br /> be execuled end acknowledped by ali the beneficlarles under ihe Deed of Trust or Iheir Succossors in interest. The sucCessor trustee,wlthout
<br /> conveyance of the Property,shall succeed to all the Iftle,power,pnd dutles conferred upon the Trustee In Ihls Deed o�Trusl and by epplicable
<br />_ � law. This procedure for Subslitution of trustee shall govern to the excluslon of all other provislons for substitullon.
<br /> , NOTICES TO TRUSTOR AND OTHER PARTIES. Any notice under lhis Deed ol Trust shell be in writing, muy be senl by�elefaCSlmile(unless �
<br /> i o�hsnv�se roqulred by law),and shall be ettective when actually deliverod,or when deposlted with a nationfllly reCOgniied OverNght Courier, or,il ,
<br /> mailed,shall be deemed effective when deposited in the United St&tes ma�l first class,certi(led or registered mafl,postage prepald,dlrected to Ihe i
<br />? ....._.____�_..._____.,._�_.......:......����.,r,...,.�.,�r.���� e..,..,o.�„,,,o��nor,�o uc nddrace for notices under thls Deed of Trust by g��ng tormal �
<br />_ au��oaooa a��vn�.�.en� .�.o..oy„�...��y...............,... ..__.. ....,�_.,..--• --- -- - ' .
<br />- wntten notice to the other parties,specity�ng that the purpose of ihe nolfce Is lo change ihe perty'S address. All cop�es ol notlCes Of foreclosure trom �
<br /> , Ihe holder ol any Iien which has prtority over ihls Deed o�Trust shall be sent lo Lender's addreSS,a5 Shown near ihe bo9lnning of ihis Deed of Trust.
<br /> For notiCe purpoEes,Trustor agrees to keep Lender and Trustee Informed al nll times of Trustor's Current address.
<br /> MISCELLANEOUS PROVISIONS. The lollowing miscellaneous provisions e�e A pert ol Ihis Deed of Trust:
<br />— Amendment8. This Deed of Trusl,logelher wdh pny Related Documenls,constitules ihe entiro understending&nd egreement o1 Ihe pe�ties as
<br /> fo the metters set forlh m Ihis Deed of Trust. No elteration of or amendmenl lo ihl5 Deed of Trust shall be eMeclive unless g��on In wrlling and
<br /> - s�gned by the parly or par6es Soughl lo be charged or bound by Ihe nlleretion or emendmpnt.
<br />- Annuol Reports. II ihe Property is used for purposes olhor Ihan T�uslor's residence,Trustor shall furnish lo lender,upon requ�st,a certlfied
<br /> slutemanl o( nel opeialing income rece�ved trom Iho Pwperty dunng Trustor's prewous f�sCal year m such lo�m end deteil es I_ender shall
<br /> , requue. "Nel operating InCOme"shell mean all Cash receipl,from Ihe Properly less all Cash expenddur6s made in conneCtion wilh Ihe operetfon
<br /> 01 ihe Property.
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