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<br /> t81 Any failure on the pert of the Trustor to meet the repayment terms in respect to the Loan Agreement and any : . • ��'�_
<br /> ' '",°' _
<br /> other advanoea under this Deed of Trust hereby secured;and. ' • ' • �.:�'r`-
<br /> (C) Any action by the Yrustor prohibited by the terms ofi Yhe Loan Agreement or this Oeed of Trust or any feilure of , . :�.�.�,.
<br /> • tha Trustot to act as require�by tha Laan Agr�gment or this Deed of Trust,each of which Trustor hereby agrees " � _�,. ._
<br /> have an adverse affect on the Beneficiary's security for the line of credit established and the rights of the • . �
<br /> Beneficiary in such security. ' � ,��
<br /> and u�on tt�e happening of any such event of default, Beneficiary may declare eli sums secured hereby immediately • ' —`�
<br />�•v due end payable by deliver to Trustee of written declaration of clefault. The Trustee shall have the power of sale of ��°
<br /> the Property,and if 6aneficiary desIres the Property to be sotd,it shali deposit wiYt� Trustee this Dsed of Treist and a!! __ —__�_,_•`-���-=.`_
<br /> � promissory notes and documents avidencing expenditures secured hereby and shatl deliver toTrustee a wriiten notice . `�� ?
<br /> of dafault and election to ceuse the Property to be sold, and the Trustee in turn shall prepare a notice in the form . .. �-,.
<br /> requlreai by taw, which sha(I be duty fited for record by Trustee. • ` �;;;�,—
<br /> ,� , (A) Af4er tha lepse of such 8me as may be required by law fatiawing the re�ordation of said notice of defauft, and .`,;�t, -�-�
<br /> � ' �
<br /> � notice of de#ault and notice of sale having been givan as:equ�red by law,Trustee, without demand on Trustor, ' ~�`.:,. � —
<br /> ,:,.rsae*-...�.., �..
<br /> shall sell the Proparty on the date and at the time anc!place designated in said notice of sale,at public auction to ,:.��;, _
<br /> " the highes4 bidder, the purchase price payable in Iawful maney of the United States at the time of sale. 7he '"' `��•'� ` '
<br /> person conducting the sate may,for any cause he deems ex�edient, Post�one the sale from tim�io time until it �� ;��_
<br />� s h a l i b e c o m p t e t e d a n d,i n e v e ry s u c h c a se, notice of�4--�r��ement shali be given by public dc-�o'c�don thereof ��=-�
<br /> = by such person at the t�me and ptace last appointed fo�tM sm:a,provided,if the sala is posYponed far longer then .,t,;,;�=-•-�;:�,�„�.;��
<br /> onall)day beyon�the day designated in the notice of s�i�� nottce thereof shall be���y�in the same manrtr�es ;. ���"" '- 7__
<br /> , the origina!notice of sale. Trustee shali execvte and detiver to the pu�dr�er its Dead conveying the Property so �. �' .
<br /> sotd,but without andy covenant or warranty.�.�ress or implied. The racitats in the deed of any matters or acts �r' , °.��""� : -- •=°
<br /> --"�• ,.z�..�.��''
<br /> sh�ll 6e concfusive g!o�f of the truthfutness the�sf. Any oerson,including Beneficiary,may purchase at the sate. �� . �'-. �.
<br /> ,�:me���--
<br /> (B) When Trustee se11s pursuant Lo the powers herein,thfl Tr��tee shall apply the proceeds of the sele to payment -,- �� ���
<br /> • of tt�e co�ts and expensas of exercising the powar of s2:e��urni of the sale,includ3ng the payment of tha Trustee's :.' -- _
<br /> � �-:
<br /> ' fees actually incurred,which Trustee's feas shall not in the aggregate excead the following ama�cnt based upon T• ��. . � � - � ;s:=_
<br /> . the amount secured hereby and remaining unpaid;5 percentum on the first 31,000 thereof, 9 p�ntum on the �:�:;�-���.�,�,: ;:-::=�
<br /> balance thereof and then to the items in subparagraph(C) in the order there stated. . ;�,._'>.� .�-1
<br /> .. _ '•"; J R r:~...y�
<br /> (C)After paying the items spscified in subparagraph(Bl if the sale is by Trustee,or the proper caur 2�d other costs ,1�„�r:� : ,�,:
<br />;.;;r,. of foreclouure and sale if the sate is pur�uanY to Judicial forectosure,the proceeds of sale shall be��::ed in the order �'.�'"° .�ti:�.' ��•;� ��> -
<br /> sKeted to the payment of: ' S� . � ' � � _
<br /> S � �
<br /> (1) Cost uf any evidence of title procurcd in connection with sc;dh sale and of any reveR•ra stamps; ••�' : SI _ �.
<br /> (►11 Ali sums tha secured hereby; �
<br /> °-��.;j�:.-:: �,.. •
<br /> ' (1lq The remainder,if any,to the pers�n lagelly ent�t�ed theret�. • A� ; : ,;,;:
<br /> 13. DuHas and Ob(igations of T►u9tees. (e) Th8 dUii88��t�ObligetiOrls Of Lrustee shell b9 d9LG^�;:18d SOtc3:}i by : . r•, �
<br /> • the express provistons of this Deed o9 Trust,and Yrustee shall not be liabte except for the performart,:E�f such dutias �� ;`,�-••''
<br /> - and obitgations as are specificetly set forth herdn, and no implied cove���nts or obligations sha:l�a impased upon - ,..�_: —
<br /> ��r':,°.
<br />� Trustee; (b) No provisions of this Deed of T►use s4�a11 requfre Trustee to e�cpand or risk its own iv�:�s,or otherwise • �
<br /> incur any flnancial abligation in the performance of any of its dutles hereunder,or in th9 exarcise of any of its rights l ` _ _
<br /> or power,if it shail have grounds for beUevi�g that the repayment of such tunds or ade�:�ate indemnity a�ainst such �.��,, .
<br /> dsk or liability is not roasonably essured to R;(c) Trustee may consult with counsel of its�wn choosing and the advice , _ �`Y
<br /> of sucb counsal shall be full and complete authaPiaation and protection in t�e res�oct of any actian taken or auNered ~ : w '���,�. ;:•.:,'�.,: ���
<br />' by it hereunder in good faith and reliance thereon;id) Trus4ee shali not(oe liablo for any action taken by It fn good feith ` `-'• �
<br /> �et�; .
<br /> end reasonably beUeved by it to be authorized or within the d�scretion or rights and powera conferred upon tt by this i'�..����:a�
<br /> �;� ' Oeed ot Trust. �:��?
<br />� 74. Addittond S�curit�/Instrumanta. T►ustor,at its ex�anae, will execute and detiver to the Trustee,promptiy ,�. .,
<br /> � upon demand,such security instruments as may be required by Trustee,ln torm end subsiance satisfactory to Trustee, 3 � � �` �'"'"��,�r—r
<br /> ' covaring any of the F�operty conveyed by this DFrr� of Trust, which security instrumen4s shall be additionai eacurity ����,�.�;���-
<br /> tar Srustor's taithful pertormance of ail pt the terms, covenants and conditions of this Qeed of Trust, the Loan �rt�:_,�__
<br /> Agreement,any promissory notes secured hereby and eny other security instruments executed in connection with this Y-•��� � s�`
<br /> . transaction. Such instruments shail be recorded or filed, and re-recorded end refifed,ut Trustor's expense. _,,�._�;,�=�.;,����r�'s�°:
<br /> 1b. Miscetlaneous. �-�`=.� ,.. �-'"',"r �
<br /> (A) In the event any one or more of the provisicns contained in the QooJ of Trust,or the Loan Agreement or any � � � ��� „W
<br /> �• promissor�nate, or any other seeurity instr�.^.:ant given in connection wlth thia transaction, shaU tor any reason xr�r,.�_=...____..�..
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<br /> • to be held to be invalid,illegaf or unenforceable in any ro:.�ct,such invalldity,iltegality or uneflforceebitity aha11, y �����_-..,_
<br /> . et the o�tion of Benaticiary, not affect any othe�provts.��of this Deed of Trust,that this Deed of Trust shall be ��pi�-.�,.:�.��F��.==
<br /> apnatrued as if such invalid,illegal or unenforceabte provision had never been contained herein or therein. �"!!`�`� -�.� .
<br /> ._t�f:�,_ .
<br /> (�) This Oeed of Trust shalt be construed according to the lews of the 5Yate of Nebraska. . _� ���� —
<br /> iC) the Deed of T�ust shall insure to and h3nd tt,rd hairs,legatees,devis�o�,administrators,executors, successors and � y, _ .:;.�.*
<br /> essigns of the parties Nereto. i. :, � :;e�:�;�;�;;;•?_�+=°�'_
<br /> (D1 Trustor shail pay all taxes levied upon this Qeed of Trust or the debt secured hereby,2ogether with any other texes ;.,�1�`,,1�,;��,t5 :^`; �.�-.
<br /> � or assessments which may be leviod ag2inst the Trustee or Benefici�ry or the leg7�older of L��Loan Agreement �' �;:�:;5.:. .:•� :• '�
<br /> . . "�. �r...; ..� �,'._�,:;,. „
<br />• on sccount of the indebtadness evidence thereby. ;•. • . � .:.r,�.:;.:.
<br /> ,, �.: aEl Whenever used herein,the singular number�ha:l include the plural,t::�plural,the singular,the��se ot any gender . .. •. �.._,
<br /> '���..� shall be applicaBfo to all genders,and the t.r:-� "Beneficiary"shall include eny paye0 of the indebtednesa E�retoy . . �.. ,. ,. •
<br />`'n°�� seczsrod or any transier thereof, whether by c,�zration o�!�w or otherwise. � �� �. ��-�
<br />:,.r; . . .
<br /> • ?�. �uccessor Tnastoe. Beneficlary maV fee�n time to time subatitute o successor or successors to any Trustee . . . . , .... �
<br /> � -�med herain or acting hereunder to execute t:^s�Trust Dee�. Upon such appoi�tment end wlthout conveyanco to : � . rr�-
<br /> � the successor Trustee,the latter shall be vested with�fl title, powers and duties confeRed upon any Trustee herein • • . .. . i. :_
<br /> nemed or acting hereunder. Each such appointment or substitution shalt be made by written instrument by Beneficlary, . � : : . .
<br /> . containing roference to this Deed of Trust and its place of record,which when recorded in the office of the Register , .
<br /> of Daed3 of the County or counties in which sald property is situoted,shall be conclusive proof of pr ars�i�t�nent :
<br /> n
<br /> � of the successor Trustee. The fotagoing power of substitution and the procedure therefore shall n�be exclusive of �
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