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<br /> � 16.�t w Reinstate. Regardless of Merrill Lynch's acc�leratioa of the sums s�ecured by this Deed of Tnue,we . .. •
<br /> .- - ' , � shali have t�e dght. if pertniued undec applicable iaN,to recelve fmm Tnistee a cancellation af Notica of Default if within oas �?,<<, _�_' �_,
<br /> __..._-,- -. :. .:.. � montb of the Cding of sacL Notice af Def�tt pnisaaat ta p�agrdph t5 above:(a1 we pay Meuill Lyach sil sums wluch would be =--`--1.:'. ,-�-.-- ,
<br /> then dae under this Deed of Tn�st�d the Agreement,if aay,had no asceteration oocuired:(b)we cure all mu brearhes of any other
<br /> � covenants or agceements cuntained ia this Deed of Tnut; (c)we pay, as permiued by law,all reasonabte expeases incuried by � . . ` ' `' '�
<br /> . `�' Merrill l.ynch and Tnutee in enforcing ow covenanu and agrcements cantained ia this Deed of Tmst aad in enforcing Merrilt
<br /> . ' Lynde's and Tn�stee's remedies as pmeided in paragtaph 15 of this Deed of 7'tust, iacluding, but not limited w. masonable
<br /> � , . `,• attomey's fee.s;and(d)we take sucb aaIon as Meaill Lynch nnay reasonably require to assure that the liea of tl�is Deed of Trust, `: .��`� ,.
<br /> ' � �` Merrill Lyuc�'s inieresi in the Pmper[y and our obligation to pay the sums secured by this Deed of Tmst shall continue unimpaired. `� : . . �
<br /> �� -.-::�-< Upoa such gayment and cuie by us,this Deed of Tsust and the obGgations secured by this Dced of Tmst shall remain in full force and � _<:�_��_,�_ f
<br /> --- - ----.� effect as if no accelerasion bad occuned. .- ° -. ,
<br /> �. 17.�eat of Reut�Aanoi�ent oY Receiver M[errill Lvnc6 in Passesston.As additional security,we hereby �
<br /> . � � assign to MeaiU Lyncb the reats of the Propeny,provided that prior to acceleiation under paragraph 15 above or the accamence of a �-�
<br /> def�It or abandonment of the Prnperty.we shall have the right to collecx and retain such rents as they 6ecome due and payabte. In �.�,, . �.. •:..�..
<br /> • ' .. auy action to iuvoke the power of sate under this Deed of Tn�st,Merrill Lynsh shaU be endded to the appoinUnent of a receiver. . -:�� �.:=_:�
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<br /> U on aoceleration umder h 15 a6�ve,or abandonment of the Pro erry,Merrill Lyncb.ai any time and withairt ` _•'• .+`°`":
<br /> ... p FazaS►aP P . ':_'. .,
<br /> . notice,in person,by agent or by judicially-appointed receiver,aad without regard w or proof of either(a)depreciaiion of the value of �} "• : , -
<br /> ' r ` the Prope�ty or(b)the insolveacy of aay petson aho sigas the Agreement or(c)the value of the Propercy or(d)the adequacy of any =_-_—
<br />�• . security for the indebtedness secured by this Deed of Trust. shaU be enti8ed to enter upon,take possession of, and manage t he -
<br /> ' ` . � Property,aad in its ov►m name sue for or coAect the renu of the Property,incIuding those past due. � ' ..�.__
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<br /> � . AU rents coUected by Meirill Lynch or the receiver shall bc agpfied Srst w payme�of t�e costs of opeaation and �•'` � ,,. ;� -�_.
<br /> management of the Property�d collection of rents.iactuding,but not limited w,�ceiver's fees,premiums on receivex's bonds and ;*��
<br /> �. reasonable attomeys' fees,and then to the sums s�by this Deed of Tnut. M�rr�1l Lynch and tiie receiver ska�t 6e liable to ° ,�u
<br /> ' �.� -• accouat only for those nnts actually received. �-
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<br /> � T6e entering upon and taking posse�sion of the Property and the oolle�tIon and application of the rents s6aU not core or ..�'�.�:.,-�.`_.
<br /> � ,�., �:w.�.�
<br />- � :. waive aay default or aotice of a violation under this Deed of Taast or invalidate any aa done puisuaru to sur�noticc. . ,:... �'�'�`-"
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<br /> ` � � We w�l not,without the writtea coasent of Merrill Lyach,receive or coUeax rents from any tenant of aU,or a�►gart .���,-_;-
<br /> : of,the Properry for a period of mo�than one month in advance,and in the event of any default under this Deed of Trast wlll pay ��'{;_,�'
<br /> . . mo�.�in advance to Meniil Lynch,or w aay receiver appointed to collect said rents.issues aad pmfits, the fafir aad reasona6le :• .,�,:�
<br /> � rental value foT the use aud oc�cupation of the Pcoperty or that part of the Pmperty ia our possession,aad uQon defanIt in aay sacb ;;�=�;
<br /> � . �'�{ payment w�l vacate and svrrender the possession of the Property to Merrill Lynch or to such seceiver, and may be evicted by ��.��t�;-,•�-
<br /> ; swnmarY praceedings. '���-
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<br /> - . ` - .;•_�; 18.Tcastee's Actton.At an}+rime,without liabIlity aad without notice,upon written request of Merrtq Lynch and us, :�� . : .' ..:`�:Y:.
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<br /> '� Trustee may consent to the making of any map or plat of the Propeny.join in granting au}►easement on the Properry,loin iA any �. , ,�' x�:�-_
<br /> gaA :� a�:..-
<br /> `� subordination or other agreement affecting ttus Deed of Trust.or reconvey,wlthout warranty.a11 or any part of the Pcaoperty. . . :_,
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<br /> . �, � 19.Reaonvevance.Upon payment of all sums sec�ued hy this Deed of Tnut,the fulfillment of all obligattons under the � . '..;:.y:�'.-;
<br /> "' � � Agreement. and terminadon of the Account,Merrjll Lynch shall request Trustee to reconvey tLe Pmpetry and shall surreeder this ' ' �=
<br /> � � Deed of Tmst and the Agreement to the Trustee. Trustee shall cancel the Agreemeat and reconvey the Ptnperty without warrenty to "-�-
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<br /> . _ the peison os persons IegaUy entided t6ereto. If requested by MerrW Lynch.we shall pay Merriil Lynch a fee for the preparatioa of • ��-
<br /> � ' any t+econveyance or satisfaction document aad shall pay aU costs assaciated with the recoaveyance or satisfaction tnclading the cost of ' -� �
<br /> recordation anNor all of Trustee's costs.if acry. . . , . ''
<br /> , Z0.S��rte Trustee.MerriU Lyncb,at Merrill Lynch's option.may from time to time remove Trustee and appo9nt a , � .
<br />:::� �� . suGCessor mistee co a.�-�y�custee appointed under tLis Deed of Tnut by an insuument executed and acknowledgod by Merrlll Lynch • . . •
<br /> • and recorded in tte offsce of the register of dceds of county where the Property is located. The instrument shall contain our names �_ .
<br /> and the na�ae of Merrill Lynch and the onglnal Trustee,the book and page where this Deed of Trust is cecorded and the name and �
<br /> r address of the successor mistee. The suca�sor tnutee shall,without com��ey+ance of the Property, suc�ceed to all the title,estate, . . � • •
<br /> � .� • poweis aad dudes coafernA upon the Tcustee in this Deed of Trust aad by applicable law. 7'his pmcedure for substltution of uustee
<br /> �, �� , ! shall govem to the exclusion of alt other provistons for substitution. • �..
<br /> . 21.Seruriri Aereement and FinancinaStatement. Thls De.ed of Trust constitutes a securIty agreement and financ�ng �
<br /> � statement uader the Uniform Commercial Code of the State of Nebraska with respect to any part of the Property which may or might � _ �
<br /> �',� now or hereafter be or be deemed to be personal property,fixtures and/or property other than real property. .'
<br /> ; 22.Reuaest for 1�Iotices.Merrill Lynch iequests that copies of noHces of default and sale from the holder of any lien . � �
<br /> ` which ha�prioriry over this Deed of Trust be sent to Merrill Lynch at P.O.Box 45152,lacksonvilte,Florlda 32232. ,
<br /> `` 23.Incorooration of Terms. Al1 of the terms, conditions and provisions of the Agreemenl are incorporated by this �
<br /> � ' referencc into this Deed of Tn�st as if included in this Deed of Trust itself. �
<br /> � ; 24.'I11me oP Essence.Time is of the essencc in this Dexd of Tn�st.and the Ageement. . . ,
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