|
. ,:, .
<br /> .� .. • . '
<br /> �
<br /> 'ri1'i':'.=
<br /> .,.•,� ' s'}t
<br /> .;�y���� . . ' . � � � � ' �.� , . � " •.,:":".-, �� i�.-r.—•..o�''.��y,-.
<br /> .. a��d .. . - ., . _
<br /> ,.�i , .. _ . . �t� � . . � ,,,.q �� _
<br /> � .. , ....._s�i� �....�_..._; _. .. . . ... _ .. .. ... _ .... ..:._ . . _. , , .,.[ . . .. . . . ....... ,., . _ �'
<br /> r
<br /> �f1i15'p�
<br /> � .. : � �i,-`-r �,
<br /> ..•}•'.�.—' .
<br /> � , � - ,�— a.l.mt)�9 � '� ..
<br /> � Cundcmnadon ('CondemnaUon'),or atiould 7'ruuor rcceivc any noticc or other informotion rcgarding such proceeAing,
<br /> ' Tru�tor chdl give prnmpt wrilten natfco thereof�a Aene[icf�ry. Aerteticiwry�hell bc ent iUed ta all compenution nwerds
<br /> ' and other p�ymentF nr rellof thercfor,and shali be entitled tu make any compromisr.or ssulcmen�in connectiou with such , �
<br /> takinQ or dam�Qe. All such compenutfon,uw�rds, d�mrgn,rlghtt ot octlon and procccdi�warded to'1'ruuor(the
<br /> 'Proceed�')�re hereby�idgned ta Beneflciary;und Trostor egrta to execute auch further�scignmcnts ot the Procccd�oe
<br /> ' Ilcncficiary or'fruetce moy reqi�irc.
<br /> ' ¢ 6. APPbIN'1'MFiN'�'OP SUC'CP.SSOR TRl1STSR, Aenetici�ty m�y,from Hme to time,by u writtcn in�trument � �
<br /> executed and acknowledged by Deneficiary,meiled toTrustor anJ rccurded in the CounRy in which the t ru�t l:atate is '
<br /> ,,,,,w.i•"�``t' locatcd and by othcrwisc romptying with the provisfon�of thc applicable!aN of the S�a[a n�Nebraske�:ub�Htute e succcssar
<br /> '�,.,.. . �r�° or succorsore to ihe'frustcc nemed hcroin or ncting hercunder. •
<br /> �
<br /> 7. SUCCF.SSOltS AND ASSIONS. Thfa Deed of Trust applles to,inures to the bcncfft of nnd binds nll parties
<br /> ; � hereto,their hein,lcgeteei,dcvicees,perconal repreuntativa,succesroro end essigne. '£'he�erm'Heneficiery'sheit meaa � �
<br /> � � the oNner md holAer of the Note,whether ur not aamed a�Benetici�ry herefn. ,��C;;-
<br /> . i ,+�.
<br /> ' • � 8. INSPEGTIONS. Bcn¢(iciary,or its agents,r+eprcsentativea or workmcn,are authorizod to entcr at any ����� '.'���,-
<br /> t rcasonabto tlme upon or in any p�rt of the Trustce Eatate for the purpose of inspecting t he tame end for the purpou of ' ,};.•-
<br /> �! ��' performing any of the ncts it io nuthorized to perform under tl�e tr,rmc oP any ot the u�ao Inttrumenti. .��,�-'
<br /> r
<br /> a•
<br /> � 9. HVHNTS OP DE�AUL'£ Any of the folbwingevcnte shatl be deemed an eveat of default hereunder: -,
<br /> ' _ ,���
<br /> .r�- .
<br /> ', � (a) Truator shall hovc felled co ma{ce payment of any inecallmen�of inurccc,principal,or princip�l anJ intercst or �:•:�-
<br /> any other sum secured heroby ahen duc;or,
<br /> . ���
<br /> _ , (b) Therc hes occurred a brcach of detauit under�ny tcrm,mvenant,agreement,condition,peovisiort, _
<br /> representadon,or warranty contained in any of the Loan Inttruments. --
<br /> ° 10. ACCBLHRATION UPON DEFAULT.ADDTTIONAI.RSM8DI8S. Should an¢ven�of default occur,Beneflciary
<br /> .., may declarc eii indebtedness secured hereby to be due and payabk,aad the same ahall t Qtereupon becomc due and payabte ._ _._
<br /> without any presentment,demand,protest,or notice ot any�Ind. 'Tderca[ter the Beneficiary may:
<br /> ' ' ' (a) Llthcr in perxon or by agent,with or without bringing uny�ctton or proceeding,or by a receiver appointed by
<br /> .:�- e Court and Nithout regard to the edequacy ot its security,enter upon and take posuasion of the Tniat Hstote,or any part
<br /> - th:r��,fa!::a�c na�e a:in ilse asme af Tzn:t», �a1�a a�ast:�•:::ch ft Qasa�rk...::::y ar Ctsfr.�lt:o gr�..:.r.�tt�
<br /> veEuc,merlutabtlity or rentability of the Truet Estate,or ptrt Yhereof or int..rest therei�,incrcase the incom�there[rom or
<br /> � protect the acurity h�reot,end.vlth or without taking poYSecsion of the Truet Eetute,eue tor or otherwise mlleet the rcat�,
<br /> _°M ` . issuu and profitt thcreof,includtng thou past duc and unpnid, and apply the seme,Iess cosls and expensu ot operatlon and �
<br /> ' ro1lecNon,including ectornoy's feea,upon any indebtedness cecurcd hercby,ell in such order as Bencticlary mey detormine. -
<br /> =a;,'•;�c., . � The entering upon:�nd tating possesston of thc Trust Estate,the collection of sucb rcnts.iuues and profits�nd the
<br /> `� �'�� eppticatian thcreo!an nloresaid,shall not curc or waive upy default or noeice ot defIIUlt hereu�dcr or invulidete any act done
<br /> ;.'.:,��{• �,. - � -
<br /> °'. .+.: ,, in responee to such detault or purcuent co such notieeof defeuit and,notMithstanding the mntinuance in poscession o[the =:
<br /> ��!�.`-�-�'••.•.�� Trust Estate or the cnllectlon,receipt pnd�pptic�tion of renu, iuucs or protits,Trustec or&eneflciary sh�li bo entiNed to
<br /> ._''�{s.�m u;s , ezereice eve ri ht rovided for in an of ehe Loan Inctruments or b la�u n occurrcnceof an ev�ent o(default, ` �
<br /> W:��,-.. �'� �9 B P Y Y P� Y
<br /> ---_;.:,::,t.,.�., Including the rig6t to oxcrcise the poMer of sele;
<br /> ' :.� , .•�,..
<br /> 'j;.; ��' ' (b) Commencc an action to[oreclose this Deed otTrust as a mortgage,uppoint�receiver,or cpeci[icatly enlorce
<br /> _,'�:t�-=r'��'• " eny ot the mvea�nts hercoh,
<br /> "vN..:f.�..:�?' —
<br /> -^'�,iTMe�e ,
<br /> �_:�„a,� �_ � (c) Dellvcr to Truetee a�vritten declaratlon o[detwit end demand for aale,nnd�r�itten notice o[detault and
<br /> -----x'���� eteetlon to e�uce Tru�toP�incerut in thc T�ust&tate to be cold,phieh nottce Trueta sh�il eaua to be duly tiitd[or
<br />—°°-,_,y�� rccord in the appropriete OE'Ficiul Recotds of the County i�rhicQ the Truct Bttete is located. —
<br /> �.�a�
<br /> >���� I1, FORBCI.Q5URS BY POWRR OF SAILfl. Shoutd Beneflciery eiect to forecMsc by exercise ot the Power of
<br /> r �•'' _
<br /> �'��,.�� Sale htrein conqined,8cnoficiary shuil notlty Trustee�nd�hail deposit pith Truetee this Dted of Trust and the Note and 6:;"
<br /> - ;� euch receiptt�nd evidcnce o[expenditurce made snd cecureA h=reby a�Trueta may ttquirc. ^
<br /> �� ,�-.
<br /> ��....�. _..
<br /> _-��l_ii�� (a) Upon receipt of such nodce trom Beneficinry,Truitee shail cause to be rccorded,publis6ed und dativercd to
<br /> �-- -; Trustor such Notice of Default and Notice of Sak es thcn requircd by lew end by thi�Deed of Trust. Trastec shell,without =_
<br /> ` �-�_- ? dcmend oa Trouor.aRcr such timc as may then be Tequind by law and nfter rccord�tlon of such Noticc ef Def�ult and -�
<br /> - � .:� �fter Notice ot Stle having been glven at required by laN.sell tke Trust Bstete at the time an�"place of sale fixed by it in ��
<br /> _-��='=��4#f 1 such Notice ot S�le, either as e qholc,or in separate lot�or p�rc¢I�or itcros as Trustu s�hall deem expedient,ead in such �-
<br /> ��'������� order es it m�y determine,at pubtic auctlon[o the hlshcst hldder for caah,fn le�ful moneyof the Unitcd St�tes,payeble et �
<br /> _ •-�° the time of ale. Trustee ehell dcliver to such purchaur or puredturs thertof,its good and�ufSidcnt deed ot deeds, —
<br /> ,'; - mnvcying ehe properry so sold,but without any covenont or wernnty,exprccs or 1mpUe6.The rccitels in such deed of any ��-==_ --
<br /> , '' mattcrs or tute�halt bc concluslve proo[of the truehtuinesc thereoL Any person,including,.vithout Iimitetion,Truator, — -
<br /> ' • � ' Trustee,end Deneficiary,may purchesc at such salr,end Truston c�reby covenants to wnrrone nnd defend t6e dtlo o(such -- - -
<br /> ' ���� � purchescr or purthascrs. — �.
<br /> • .i'� --
<br /> � �'� b As mn bc rmitted b Iaw,after deduetie all costa,feea,ex nses of Trusta and ot this Trust Ineludin � �r �
<br /> � �� costs of evl enee oi Q tIc in connection afth sale,T�wattc hall apply t[ic pracecds o1 sale to payment of(i)eli sums s y ,���4,=�:=�
<br /> � �' czpended under the ¢em�s hcreo[,not then rcpaiA,avit�accrued intereat nt 12 percent per annum,(ii)atl othcr sume thcn ��� '�'�`;�=�+,
<br />-- .. ..?�_�,-.
<br /> ' �L securcd hcrcby,end tiii) thc rcmeinder,i[nny,to the person or petsons Itgally entiNed t hercto. '•r�t',;:�.,-;.,, .
<br /> �w+'.:
<br /> .. _:<�c�.
<br /> .�+' (c) 'C�uetec muy,in thc mnnner provided by lew,postpone sale of eil or any portion of thc Troatu Estete. � '
<br /> .��vr
<br /> __ —__
<br /> -- .._.....-_
<br /> 12. RLAt13bINS NOT 6XCLUSIVB. Trustee aad BeneGciary,and cach of them,shali be enUticd to cnforce '
<br /> " paymcnt and pcdormantt of any Indebtedness or obtigetione securod Aercby and to excrciu all righta and powers under thla �.
<br /> ' ' " Decd of Trust or undcr any Loan Instrument or ather agreemcnt or nny IaNS noN or hereaher in(orcc,net�ithstanding
<br /> • come or ali a�the such indebtedrteas end obligatlons aecured hercby may noN or hereatter be otherwisc cccurcd,whethcr by '� ,
<br /> mortgege,deed ot trust, pledge,Ifen,aissignmcnt or otherwlu. Neither the acceptentt of this I?ecd of Trust nor its �
<br /> __ enforccment Nhether by court acHon or pursuant to td.Rorer oP sale or othcr powers herein containcA, shaU prcjudice or in
<br /> . any manner iffcc�'1'ruatce's or Beneficinry'e right to rcalize upon or enforcc uny other securi�y now on c�rcefter AcIA by
<br /> - 1'rusta or Dencliciory,it 6eing agrced thut Truntee nnd Aencficiury,and eacA of them,shnll be entiUed to<n[orcc tAis Decd ': '
<br /> � of Truet and eny otlur secuNty noN or hereaftet held by Henefieiary or Trustee,io such order and manner na they or either
<br /> of thcm may En tAcir obsoiutc discrction determine. No rcmedy hercim m�krtt0 upon or rcxrvcd to Trustee or Uencficinry
<br /> �� ,
<br />— . ,
<br /> - i ..
<br />
|