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<br /> 1�.Mlacollnncouo Frovi;:on� , .0 .
<br /> • �� la)8orrnwu No4 RN�a�Yd.E�ttenelon o}tho time for payment or modfflebtlon of tho cume oacurod by thle�oed ol Trust pronted �
<br /> by Lendar to any succaaeor In intero�t of Borrower ohall not operato to raienso,In any mannor,the Ilablllty of the o�ipinal Borrower , . -
<br /> anA Borrower'o aucceaaore In Intereat.Lender ehail not be requlred to commence proceedinpa agelnet ouch eucceasor or refuse to
<br /> � ' extond time}or peyment or otharwiee modlly emortl:stion of the euma eecured by thla Deed of Truat by reaeon of any demende _
<br /> merle by the odpinel Borrower end 9o�rower's wcceatore In Interost.
<br /> � ' � (bl L�rtd�►'�Pawwt.Wlthotit effectln�the IIeAllity oi eny other persan liebte for the peyment of eny oblip�tlon hereln mentloned, . �
<br /> • , cnd L�Ithout ntfoctlnp tho Ilcn or chnr�e of this Deed ot Truet upon env portion o}the Property not then or theretoforo releesnd as
<br /> I necurity fo�tho fu11 amount oi�II unp�id obliystlone,lender may.Irom time to timn end withou4 notice ll1 relea:e eny poreon to ..
<br /> !!n4le,4!!)cr.tend the maturhy or elter eny o}tho tarma of eny euch obiigetlona,11►q prent other Indutgencea,llvl releaae or rocanvey,
<br /> or ceuae to be releesed or reconveyed st any time et Lender'e aptlon ony parcel,ponlon or,ell of tho PropeR�r (v)tako or releaae eny
<br /> ,,,,,f,�.�" other eiddltional eecurity for eny obilpatlon hereln mentioned, or Ivll mak�icamPoil�i�n},A!„olhq�errapper►�ante wlth debtoro in
<br /> .•�. • reletion theroto. ►��R,i•.�:i�� � �
<br /> ' (c) Forbesnnc�Gy L�rtd�►Not�Wdvu. Any forbearonce by Lender I?� eR�'pidii►p�y right w r�mEd�tl�ereunder, or othenvlse •
<br /> nfforded by eppilcahte law, ehell not Ae e walvor of or preclude the oxe�tse of eny such rifl�C o►�rerr�edY. Tha procuroment of
<br /> Insurence or the payment of taxes or other Uena or cherges by Lender shall not be o welvor o} Lendor's right to accoterate the
<br /> maturity of the i�dabtednesa socured by thls Ooad ot Truat. , ' '""
<br /> (d)Succ�uon�nd Auigns Dound;.lolnt cnd Sw�rv U�611ity;Captions.The covenants and epreements herefn conteined ehail -r.�'���:
<br /> . •-..sR.tis
<br /> bind. end thn rights hgrQUnder shnll Inure tn, thn rnapec!�w 9uccnarers orxl eseigne ct Lvnder oad Tsuator. All �ovan�nta an�E :��;;�__�___
<br /> •� agreamente of Trustar shall be Jolnt end severel. The captlons end headinps of the pareprephs of thia Doed of Truat are for ,
<br /> convenience only end ero rtot to he uaed to In4erpret or detine th�provislon�here9f. -i,_�� __-
<br /> :•j 1e)R�qu�tt ter Notic��.The peKiea hereby requeat that e copy of any not(ce of detauit herounder and a copy of eny notice oi =..:;;.� .
<br /> � sele hereundflr be malleci to erch party to thla Deed of Trust at the eddrosa aet forth ebavo in the manner prescribed by app�laabte �?y=�= _
<br /> • j law.Except for eny other notice requlred undor appticable law to be given In another menner,eny notice provided for Irt 4hin Doed of '
<br /> ; ! Truat ehap be given by maiiing nuch notice hy cen(iled mail eddresaed to the other partles, et the eddress eat forth ebovo. Any ��
<br /> • � notice prov(ded for In thia Deed of Trust shall be effective upon mauing in the mennar dastgnated herein.lf Trustor la more than one
<br /> „ ': � person,notica seot to the edd�ess sat forth obove shell be�otice to elt such persons. :��T�-°�'���
<br /> tt) Insp�cNon. Lender mey meke or ceuse to be made reasonrble entrtes upon en� inspectlons of the Rroperty,provided that
<br /> co •
<br /> Londer shail give Trust�r notice prior to eny such inspection specftyinp reasonohte cause therofor related to Lender's Interost tn the ' � -
<br /> ' � � PropeRy �.=- _
<br /> (g� R�tanv�yanc�. Upon payment of ell suma aecured by this Deed ot Trust, Lender shell request Trustee to reconvey the
<br /> Property and shell surcender thla Deed of Trust end ell notes evldencing IroLabtednosa s�cured by thw Deed of Truat to Truatee. �,�,
<br /> ���; Truatee ehall roconvey tho Praperty wlthout warranty and wfthout charpe to the poreon or persons legally antltled thoreto.Truator =__
<br /> X shall pay ell coste ot recordetlon,(f eny.
<br /> (hl P�►son�Proputy:S�curlty AyrNmMt.As addlttonal security for the payment of the Note.Trustor hereby gre�te Lender�nder
<br /> �� the Nebreska Unlform Commerclel Code a security Intereat In aIl fixturea,equfprnent.end other personal property uaed In connectlon _
<br /> � wlth the real eatate or Improvemente located thereon,entl nOt othOrvvtse tteclated ar deamed[o ue a pari oi ine reai oai�io bni:uiou
<br /> hereby.Thls Instrument shall be conatrued a�a Sac�uity Agreement under seld Code, and the Lender ahall have atl the rlghta end
<br /> � � remedtes ot a secured party under sald Code In edditlon to the rlghte end�emedtea created undar and accordad the Lender purauart
<br /> to thfs Deed of Trust; provlded that Lendar's rlgt�to flnd remedlea under this paraflreph shall be cumuletive wlth, and In no way e
<br /> Iimltetlon on,Lender's rlphte and remedlea under any other security egreement signed by Bor�ower or Trustor.
<br /> " � {I) Wns �nd Encumbnnc�t. Trustor hereby werrants end represente that tAero is no defeuk undor the provlalona of any �
<br /> . mortgage, deed of truat. leaae or purchase contract describfng all or eny part of the Properry, or other contrect, Instrumant or -
<br /> �;. , _ , epreement constltuting a Iten or encumbrence epefnst eIt or any pnrt of the Property IcotleCtfve.'Uens"),exlating oe of ths date of
<br /> thta neact of Tmrrt. and thst eny nn�3 nP e�let�rg Llerts rc^:s!:�c1:hc�itiad C:::.�.pt .:;�;OJo�.lu�od iu i.&Kiw Tn.T,usiur'u wri�itln
<br /> '�� dlactoaure of liena ond encumbranccs provlded for hereln. Trustor shall tlmaty parform al� of Truator's obtlgetlona. covenente,
<br />;� '�� repreaentetlons end wenantlos under any and atl exlsting and future I.iena, shall promptty forvvard ta Lender cople�of e41 notice�of '�;;
<br /> • ; defeult eent In connectton with any and ell exlatlnp ar tuture Uens, and oh�ll not without Lender'a prlor written consent In eny
<br />- � menner madlfy tho provislons of or eltow ony future advancoe under eny existing or tuture Llena.
<br />-:'�'+'s • �) Applbc�don oi P�ymrnt�.Unlesa otherwlse required by law, suma peld to Lender hereunder, Including wlthout Ilmitatlon �=
<br />-�4,•';` ^ paymente of princlpat end tnteren.Insurance proceeds,condemnetlon pro�eeda end rente end profhs,shell be epplled by Lender to ��
<br /> _ . .r a.ryr:�e'
<br />- tho amounte due and owing irom Truator end borrower In euch order as Lender tn tts sole dlacretlon deema dealrable.
<br />-'•~�'�F'nA��' (K) Sev�nbwty. If any provlsion of thls Doed of Trust confllcte with nppllcebte law or la declared Invalld or othervrlse
<br />";;,;�`,'�.,.5��;� unenforceable,euch confltct or Invalidity chell not eifect tt�e other provlslona of thte Deed of Trust ot the Note whlch can bo glven
<br /> ,' j�� oHect whhout the confllct(ng provlsfon, end to thts end the provlsiane of thla Deed ot Truat and the Note ere daclered to be _
<br /> ?�.'r '
<br />' severeble. �°
<br />-_ °� p)T�rmt.Tho tarms"Trustor'and"Borrower"shell Include both singulnr end plural,end when the Trustor end Borrower a�e tfie �_=
<br /> � same pereohlel,those terma ao uaed In�thls Dood of Tnist shell 6e Interchan8aable. �:(=--�
<br /> ,� :`= ,~ (m!(3owmina Law.Thl�Deed of Trust shaB be governed bv tha lawa of the State of Nebraake. �
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<br />�_a,:;'w},;"w..:?; Truator has executed th(s Deed of Trust as of tho dnto wdtten abovo. • �_
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<br /> " MI L W. RBA�� Truotor T►uato► --- _ ---
<br /> �ra�:--
<br />_: �, DICKI L. REA Trustor Trustor ��
<br /> � . ����`
<br /> ' '1 � Truetor + Trusta� '��r:�-` '�.,,o�I=
<br />_ • ,'• rn`� ~.�t. .
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<br /> } NQC 34G7C INonegdculturol Deedl Rev.8/86 ,
<br /> 1888 N�tlonal U�nk of Commerce Trust end Sevinpa Asaocfetion,lmcotn.Nebraske �
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