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<br /> 96°' �1l��85 ��::-�:`:=-
<br /> " (e) Tho oala, trensfer, loase, assignmonL convoyan�e or further encumbrAnce of ull or any part of or any Interest in tho "
<br /> . ' Proporty,oithor volu�turity or Invotuntarily,wilhaut tho oxpra3s v+dtt�n cansant uf Londar, provlded that Trustor shnil be pormit-
<br /> ted to oxccuto�looso 01 tho Proporry thpt do�s not contaln nn option to purchase and tho term o}�vhlch does not excerd ono
<br /> year; „
<br /> ' (Q Abandonment of the Property;or �
<br /> , (p) if Trustor Is not an Indh�dual,the Issuence,esle,transfer,assiAnment,conveyance or encumbrance ot more than((9 a s
<br /> � co►poratlon) A totsl o}� percent of Its Issuad and outstanding stock,or(if a partnershlp)a total of �r-
<br /> � cent o4 partnerehfp Interests.or(if a Ilmited Ilability compeny)a totel o!.r percent o}the Ifm(ted Ilablflty compa•
<br /> ny Intereste or voting righte du�np the perlod thla Deed of Trust r�malna a Ilon on the property.
<br /> ,� 12.Remedlee;Acceleretlore Up�n Deta��lt.In the event of any Evant o1 Default Lender may,without noilce except as required
<br /> by law,dectare all Indebtedness secured hereby to be due and payeble and the eame ahal!thereupon becomo due end payebl�with•
<br /> out eny presentment,demand,protest or notice of any kind.Theroaiter lender may:
<br /> _ . • (a) Domand that I rustee exercise Et�e PUWER OF SALE granted herein,and Trustee ahali th9reatter cause Trustor's InYer-
<br /> �,��,r! est In the Proparty to be sotd end the proceeds to be distributed,ali In the menner provided In the Nebraska Trust Decds Act; , '
<br /> ,� (b) Exerclse any and all dghts provided tor In any of the Loan Instruments or by law upon occurrence of any Event of �
<br /> Dafault;and �
<br /> (c)Commence an activn to foreclose thfs Ueed ot Trust as a moRgege,appolnt a rece(ver,or spocitically entorce any ot the �
<br /> 1 covenants hereoi. �
<br /> No remedy hereln conferred upon or reserved to T►ustee or Lender is intended to he exclusivo of any other remedy heretn,In the Loan �f!�.•
<br /> Instruments or by iaw provided or permitted,but each shall be cumulative,shall be In eddit[on to every other remedy given hereunder, '�"'�'�'' '
<br /> in the Loan Instruments or now or hereafter existing at law or in equlty or by statute,arA may be exercised concurrently,independentiy • �:_
<br /> or succesively. ':1;.,
<br /> , 13.Trustee.The Trustee may resign at any ttme without cause,and Lender may at any tlme and without causa appoint a suc- �t�4�_
<br /> cessor or substitute Trustee.Trustee shall not be Iiabte to any party,Including without Ilmitatian Londar,Borrower,Trustor or eny pur• � �'""
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<br /> �ti chaser of the Property,for any Ioss or damage uNess due to reckless or willtul misconduct,and shall not be required to take any action �'a��;�n
<br /> . In connectlon wlth tho enforcement of this Deecl oi Trust untess indemn(fied,in w�iting,for all costs,compensation or expenses which ����'���:
<br /> may be�ssoclated therewith. In aalditbn.Trustee may become a purchasor at any sale of the Property Qudicial or under the power of •.•�,:`
<br /> ? sate granted harein);postpone the sale of all or any portion of the Property,as provided by law; or seli the Property as a whole,or In ��' ;:�;�.
<br /> �.�� separete pArcals�r lots at Trustee's dlscrellon. �;.,
<br /> , . # 14.Fees end�acpenses.In the event Trustoe sells the Property by exercise of power of sale,Trustae shall be entlUed to apply ��:�,,,-;-;
<br /> � � any sale proceeds flr�t to payment of au costs and expenses of exercising power of sale,including ell Trustee's fees,and Lenders and ;,�-A.._
<br /> .�;,;�' Trustoe's attomey's fees, ectually Incuned to extent permitted by applicable law. In the etirent Borrovrer or Trustor exercises eny right __�=-�
<br /> providod by law to cure an Event of Ootault,Lender shall be entitled to recover irom Trustor all costs and expenses actualiy incurred as _^i�;':_
<br /> a result o1 Trustors detautt,Including without limftation all Yrustee's and attomey's faes,to the extent permitted by applica6le law. ' :�
<br /> 1S.Future Advances.Upon request o}Bonower,Lender may,at Its option, make additional and tuture advances and read• ��'�"
<br /> vances to Borrower.Such advances and readvanc�s,with interest thereon,shall be secured by this Doed oi Trust.At no time shail the
<br /> principal amount ot the indebtedness secured by this Deed af Trust,not Inciuding sums advancod to protect lhe security of this Deed of �'�-1
<br /> Trust,exceod the original princlpal amount stated hereln,or$ 65,000.00 ,wfilchever is greater. _°-
<br /> �Fi.�iouv=iai'iv3ifi r��ii�Giviii. —
<br /> (a) Borcower Not Released, Exlenslon of the time br payment or modiflcatlon of amortizatlon of the sums secured by this �"`-
<br /> • Deed of Trust granted by Le�der to any succossor In Interest of Borrower shall not operate to release,In any manner,the IlabiU• =
<br /> � „ ty of the original Borrower and Borrower's euccossors In Interest.Lender shalt not be required to commence proceedings
<br /> agafnst euch euccessor or retuse to extend time tor payment or oihervvise modify amortlzatEqn oi the sums secured by thls
<br /> . Deed of Trust by reason of any demands made by the odglnal Borrower and Borrowar's suxessorw in interest. ---•-
<br /> �'� (b)LandeYa Powers.Without a(fecting the Iiebllity of any other pereon Ilabte for the payment of any obliga8on herAin men-
<br /> �f Uoned,and without aNecGng the lien or charge of this Deed of Trust upon any po►tlon of the Property not then or theretotore
<br /> • •••� '+° released ae secudty tor the fu0 amount of all unpald obiigatlons,Lender may,trom time to time anti without noUce(I)reieaso � —_._.
<br /> � any person so liable,(If)extend the rnaturity or alter any of the terms of any such obllgations, (iii)grant other fndutgences,(iv)
<br /> .�:-�-»� release or convey,or causo to be released or reconveyed at any tfine at Lender'e optlon any pnrcel, portbn or all nt the
<br />`������' :•;� Properly,(v)take or reteese eny other or add(tional security or reconveyod at�ny tims at Lenders option any parcel,portion or
<br />_. all of the Property,(vl)take or release any other or addltlonal secudry for any obllgatcon hereln mentioned,or(vil)make oompa
<br /> _-:�� �� , sttions ot other arrangements with debtors in relation thereto. �
<br /> ;°-�:;;,�;� (c)ForOsarence by Lee�der Not s Weiver.Any forbearance by Lendsr in exercisfng any right or remedy hereunder,or oth-
<br /> :�;�.:,;�.�.,�� erwise alloraed by epplicable law,shali not bs a waiver of o�preclude the exercfse of any such right or remedy.The prxuro- _
<br />_;,,,,H.�:; ment ot insurance or the paymsnt of taxes or other Ilens or charges by Lender shall not be a wafver or Lunders right to accaler-
<br />-='•.,;..��: 'i - ate the matutlty oi the indelatedness secured by this Deed of Trust !°
<br /> ':'`�;`s� (d)Succesaon and Asslpns Bound;Jolnt and S�veral Llabllity;Captlom.TO�a covonanto and agreements hereln con-
<br />" 'u ;..s.:, tafned shall bind,and the righls hereundor shali inure to,the respective successors and assigns of Lender end Trustor. Ail
<br />=-'•f��:;�_'_ covenants and agrec�ments oiTrustor shall be Joint and several.The captions and headi�gs o}the paragraphs of this Deed of
<br /> `'_"�"`"�" Trust are br convenience only and are not to be used to Interpret or deflne the provistons hereof. _
<br /> `��,h�_ � (e)Request tor Notices.The parties hereby request that a copy of any notice ot detault hereunder and a copy of any r�atice
<br /> ' '''� "` of sale hereunder be malled to aach party to thls Deed of Trust at the address set brth above In the manner prescribed by
<br /> ,r�����'-�;`•. appl�abie law.Except for any other notice required under applicabie law to be given in another manner,any notice provided tor
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<br /> in thls Deed of Trust shall be given by matling such notico by certiflod mr�il addre�sed to the othor parties,at the address set
<br /> ..`r��+� - forth abova.Any notico provided for in ihis Deed ot Trust shalt be eNsctive upon mailfng in the manner designated herein.If =
<br /> .'���=�.`' '' 'Y'�ustor la more than one person, notice sent to the address set foAh abovo shall be notice to ell such persons. u�:
<br /> "� ,Y"'^- . (� Inspa�tlon.Lendor maymake orcause to ba made reasonabfa ent►ios upon and inspoctions of tho Proporty,providad ��=__-
<br /> '.'A` that Lender ahall give Trusior notice prior to any such inspection speci9ying reasonable cause there}or related to LendePs inter- ��:-
<br /> . .. � est In the Property. �:��_--
<br /> (g)Reconvsyancs.Upon payrnent of all sums secured by this Qsed of Trust,L�nder shail request Trustee to reconvey the �_.-"`
<br /> Property and shall surrender this Deed at Trust and all notos evidancing indebtednesa secured by thts Deed of Trust to "' -
<br /> • TNStoe.Trustee shail reconvey the Propordy,without warranty and wi2hout charge to the person tegafly eMftled thereto.Trustor --
<br /> shail pay all c�nste or recordation, it any. . -`_-
<br /> ' (h) Penonai Pmperty; Securiry Agreement.As additfonal securtty for the payment of the No2e,Trustor hereby grants ��;R��"'
<br /> Lender under the Nebraska Un�orm Commercial Code a secur(ty Interest in eli tixtures,equipment,and other personal prope►ty ��:��2;�
<br /> ' used In conneCtion with the Paal estato or improvements located therer�n,and not otherwise dectared or deemed?o bo a paR of �' �`�
<br /> • the real estate socured hereby.Thls instrumont shall be construed as a Secur(ty Agreement under said Code,and the Lendor :':;"`�_.�;
<br /> ,. . shall have all the rights and remedies of a secured party under safd Code in addition to the rights and remedies under thu •'-`^'
<br /> : ,��.• paragraph shall be cumulative with,an�fn no way a Ilmitatfon on,Lendors�iphts and remedios under any other security agree• � ��
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<br /> `.y-.•- _- ���mn a�ynrna vy ounvwo�v� �wsavi.
<br /> , (I)Ltens end Encumbra�ces.Trustor hereby warrants and represents that thero is no detault under the provislons af any
<br /> • mortgage,deed of trust,I��;�e or purchaso contract descdbi�g ali or any part of tho Property,or other contract, Ins4rument or '
<br /> agreement canstituUng e Ilen a encumbrence agalnst all or any part of the Property(collectively,"Liens'), existing as of the
<br /> date of this Ooed of Tnist,and Ihat eny and all existing Liens remain unmodifled except as disclosed to Lender in Trustor's writ-
<br /> • ten disclosur� ot Ilons and encumbrancos providod for horoin.Trustor shall timoiy periorm att of Trustor's obligations, .
<br /> covanants,reprosentetions and warrantios under any end all existing and future Liena,shall promptly forward to Lender copies •
<br /> , of all nottces oi defauit sent in co�nection w(th any and all exlsting or tuture Liens,and shall not without Lenders prior written • .
<br /> . � . consent In any manner modity Ihe provislona of or ellow any future advarx:es under any existing or tuture Ilena.
<br /> Q)dlppllcattons of Peyments.Unless othervuise required by law, sums pald to Lender hereunder,including without fmita-
<br /> tion payments of principal and Interest,Insurance proceeds, condemnation proceads end rents and profits,shall be applied by .
<br /> Lender to tho umounts due and owing from Trustur and bottower In such ardor as Lsnder In its solo discretion doems desir
<br /> , able.
<br /> (k)�sva.obtltty.li eny prcvis�on of thls Deed of Tru;t canflicts with eppllcubie law or is dectared Invalid or otherwise unen•
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