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<br /> . .,�.� � DEED OF�UST Page 5 . . -
<br /> . 1 Ot-12-1998 (Cor�tinued) �v ����5 ` ,:
<br /> Lo�n Wo 628735 '`.. ' ' �
<br /> � _ . .: �
<br /> , : peAOrmanoe of l�e Indebtedness�impaQad. _ .. .. ', �`� �
<br /> . � Itts�etuttty Lendet in good f8ith deems dseillnseCUre-
<br /> � , � � EidsUn9 tnQebtednas9. A detaui!stiail oocur unQer any F�GSting�rtQebtadn�s ar unQer anY(rtstrument on the PraDeM secwin9 enY F�stl"9
<br /> ; Irtdebtadn�s.or ecmmencement at ar�r suil ar cther acHon to totectoss any�tl^9�en on the ProDertN• ' ' .
<br /> , . `� ' ` '.
<br /> . � Rtgi11 to Clue. If sueh a fadure�S c�rab�e a�d if Tnistor fies no1 Ceen g►ven e noUCe ot a breach of tha same pravs�on of thts Ceed o1 Tntst .
<br /> notto9��@�of such�faII�ue: ()cu�tl�e�ta(h e wf1Nn fiReen�tOefaW1 wm��tAe cure reQutres maert�a+��een(tb?da�Y�+n.
<br /> fa u� S su(ftderd to
<br /> . . '` � � ImmeQlatery inttletes sU9ps sufitderrt to esure the faDure end U►et�eaftet condnu9s end comDiet�ell reesonabte end rteoeSSSrY�A
<br /> . ' _,.� Produea comPtianoe aa sooe es�easanabN P►acUCai• ` `
<br /> a
<br /> ". ( R1GHi5 AND REkl�IEB ON OEFAULT. UDon the oxurtence ot anY Event af Oefault artd at anY Bme thereafte►.Trustea or Lender.at iis cA�on. - - -
<br /> . ,. -�-;� may e�cerc�e aaY one or mare o!tt�to4owiaB�#Sh4s aod remedles.tn adddion to anY other�IgAts ot remedies Provided Oy taw: _.`_ _ _.�:.
<br /> � � A a e t e r a t t o n u p o n D e t a u t�Addttionr3 Rememes. If airy eve�of detaidt oocurs as par tde terms of t�e Hote ssaued herebY.Lender may . '
<br /> i dectare aD Indebtedness seaured bY��af Tnst to ba dus and Pa��d��s���0 n become due and payabie without
<br /> � a any prese r d rt s e r�t.deman d.Protest ar nottoe ot anY Idnd Theresfte,Lendet maY- . .
<br /> .� (a) Edher fn person or by a9e�+1.withh or without bdnging etry aetinn or proeeeding,ar�y a�eoeiver appolyded by a eo u r t en d.w i t A� ` < '
<br /> :.i regard to the adeQua�Y of fts secur[tY.a�er upon and take po�on ol tAe PraPertY.or arry part thereof,tn iffi owm neme or fn the name _ '`-�
<br /> ; of T r u s t e e.end do any aCts whleh it deems necesss�y►ar desfrabie to pre��ve the va1u9.metKefah�th►or rer�bi�tY o!ae�e�!�withaut ` �, .�. .-
<br /> . ':# af the ProPertY or irderest in ii►e Pcoperyl:�^��the ineoms fr om t h s P r o A e�Y o r preted the seciuilY oi the PrapertY: nd. . .
<br /> �9 V��on oheAe�ProPe�.�andre�enses o op�eraUon and coUBCdon�inau 9���eYy'�tO��indehtedness S�eatced . : '.�.,. •`
<br /> i unpald.and aDDty os�sion of the Property.U►e couection . ; ,.. . ,.�:_:,.�:-
<br /> � by this Oeed of Tnat,a0 in such order as Lender may determine. 'fhe er�teting uyon and teking p r� •s: , ,
<br /> of such rents,issues and P�afits.and the appUCation lhereof shaU not cure or wahre any defa�dt or notice of defaidt under thls Oeed af Trwt �Y , q�'-;
<br /> or InvaGdate arry act done in response to suCh defauli ar pursuent to suct�notice of defaulN,and,notwitii5landla8 tAe con6nuance fn
<br /> :� possessfon of the FropeAy or 1he coUecdon,reoeipt and apPGeatlon of rer�s.tssues or Profi�.Tnube or Lender shaD be erfi9ad to ,' t`�?�w.::_
<br /> .,• ',' ��'-�
<br /> exerdse everY d9ht provided tar in the Note or tt►e Related Documerds or by taw upon tt�e accuRence ot anY ever�t of defae�itt.indudtng tA9 , ' , �'`
<br /> . dgM to exerdse the Power ot sa1e: .;;�-.�;
<br /> entorce anfr at the oovenat�ts , .,
<br /> -. - (b) Commence an action to torectose this Deed ot Trust es a mortga9a.aPPolnt a reoeiver a spedtical►Y .' . r:�.
<br /> t�e�eot and '�. 's• -�
<br /> . 0 a vrtttten noNce of defautt and etedton to cause Trustofs � , �,�•�_�,�
<br /> �_..- -.
<br /> (c) OeQver to Tnisfeo a written declerato�of default and demand tar sate an � rlata ofltces ot the Cau�1►tt► -. ...-- �`".
<br /> interest in the Property to be Sold�h no�ce Tnutea shail cause to be dWy fited tot record in the sPP oP -.�,;.;* �
<br /> . . . ..�;�:_�-
<br /> . which the ProPertY is tocated;and �'-�'�
<br /> "�.��` (d) Wt3h respecl to a�or any part of the Personai Property,l.ender shall have aU the r(ghts and remedles of a secured parly under the � •''..�.��x
<br /> • � NeDraske Unifortn Commert�al Cade. � � ='-
<br /> �. ForeCtosure bN P��ef tSM�s Oeed�Trwt�a d the Nota and suchrrecefpts end�ence of hexpenddur��mad9 end seatred b this peed of �. . _ }?�'�al,
<br /> � ' ShaD Qeposit w(th Tnu4e �Y
<br /> , . TNSt es Trustee maY roQuire• �°'� :
<br /> ' (a) Upon recelpt of such noNCe trom Lender.Trustee st�aU cause to be recorded,pu6lished and Qsi[vveted to Tnrstor�s��o��t��y . jl}i� :;
<br /> ' , and NoUce of Sate as tAen requUed by law and by ttUs Oe�A of 7rusL Tnate9 shell.w(thoul demand on Tn�tan���d by taw.seD ° ,t'.�:•::
<br /> e
<br /> lhen be re4ulced by taw end efter cecardation oi such Kotice af Oetauit and aftar Notice of Sale hav►n8 baen 9tva �. jr•:__._:
<br /> the PiroDerly et the Ume an d p l a e e o f s a t e f a e d b y i t i n s u c h N o tl c e of Sate,eitfier es e whote.or In separete 1015 ar Pa�cets ar itec�s as __�-_
<br /> Ttustea eheU deem kvcped�ent,and In such order es it may determine,at pubuc eucUon to tAe hl8hes l b l d der f o r c a s h t n t a v►t u l m o n e y o f . •e•":M."
<br /> . ` tha United States paYab�e at ths time ot sa1a. TnuteO shaU Qeliver to such purchase►cr Ourchesers thareof its good and sufftdent deed or ,.. ..
<br /> •�:�, q,
<br /> or�sh911 be condrus�proof otftne Uruthtuiness t�reo�ny peison�laC�fudi�n8�witho'ut timtfaUOn T�niStor.Tnutee arlende►,etnaY : •� �F
<br /> us ,•'��:y
<br /> . � � purehasa at such sata
<br /> �b) qs may be permitted by taw,after deduct�ng all casts.fees an9 e�enses of Truste9 and o1 this Trust.InduQtng costs of evlde�e Of • ��,-_�r
<br /> .:.-� �{g;;:���r�tton w(th sate.7rustee sha0 ePPN�e proceeds oi 5ale to payment of p)all sums e�enQea under th9 terms ot this Deed of .�__.
<br /> .;:.;�;::^
<br /> Tnist or unQer ihe tarms ot the Note no1 then repaitl,induding but not�mited to acuued interest and late Ch8t9es� M�other sutns then ,^.`�'`M
<br /> secuced hereby,and �i}the remainder,M any,to the person or persons tegalh entiUed thereto. • .�,�
<br /> . � - (c)Trustee may in the manner proviQed by law postpone sale of all or any portion of the Property. • • �,,+_
<br /> . .�,, ..
<br /> { Remedies Ho!Ezcluffive. Trustee and Lender,and each ot them,shail be enUtled to enforce payment end peRormBece cf en5►indebteQnss9 -+t^
<br /> or obUgaUorts secured by thls Oeed of Trust and to exercise a►�ri9Ms and Oowers under this Oeed ot Tnst,under the Note.under arry ot tha L.�
<br /> Reiated Oocumerds,a under any other 8greement or any Iaws now or here8fter in foro9:notw(ttatanding,SomB ar eU ot such inQebtedness ;�
<br /> and obligattons secured by this Oeed of Trust may now or nereaftet be otherwtse secured�et er by�urt e�ct�ion or�pursuent�to the power ol '�=�-
<br /> ., �; assignment or othervvlse. Neither the scoeDtance of this Deed ot Tnst nvr its enforcemenl,
<br /> sate or olher powers Contalned in this Deed of Trust.shail prejudice or in aml manner afted Tnutee's or lenQers dght to realisa upon c►
<br /> errtiti a to entorce 1��eed ot Trus1 and any otther sec�ucft�y o or herreafter eld by Leeder c�nrstee��suchro tler and ma nermas they oe •
<br /> e
<br /> ts tntended ta be
<br /> either o1 them may in tholr absolute disaetlon determine. No remedy conferted upon or tesenred to T�uste0 or LenQer.
<br /> exctusive o1 any other remedy in t�is Deed of Trust or by Iaw provided or permitted,but each shall be eumutaUve and shall be in addiHOn to
<br /> � every other remedy gtven in 1Ns Oeed of Trus1 or now or hereafter e�dsting at Iaw or in eQu�ty or bY statuta Every powrer or remedy gtven by the . .
<br /> Note or a Y a�}�nde denUy�hom tl e to time and as often es msy�'deemedr e�edient by T ustee or I.enCer,�ead el�therbot them may � "
<br /> � concuae y V � �
<br /> � pursuB Inconsistent remedles. Nothing In this Oeed of Trus1 shaU be coeslrued as prohfbHing Lender hom seeking a deflclency judgment
<br /> against the Trustor to tha extent such ection is permNted by law. ;
<br /> Request For Botlee. Trustor,on behalf o1 Trustor and Lender,hereby requesb ihat a copy of any Notice ot Detault and a copy o1 any NoUce
<br /> :� ot Sata under thls DeeO o1 Trust be mailed to them at the addresses se1 foAh in the flrst paragraph of thfs Oeed of Trust.
<br /> Wetver,Efeetton of Remedlea A watver by any pertyr of a breach of e provision of thls Deed ot T�ust shall not consUtute a watver of or .
<br /> � � preJudice the parh/s A9hts otherwise to demand strict compllance vrith thet provis�on or eny other provision. Etectlon by Lender to pursue any
<br /> remedy provlded in this Oeed o1 Trust,the Note,in any Related Oocument,or provlded by taw shall not exclude pursuit of 8ny other remedy,
<br /> and en electlon to make expenditures or to take action to O�orm an obligation o}Trustor under this Oeed ot Trus1 after faiture o1 Trustor to
<br /> � j pertOrm shall not eNect Lender's dght to dectare a detsult end to exerolsA any Ot ib remedles. �
<br /> . ' � ecoveeysuchesu�s 1rte�couA may adJudge easonabte as attorneys�tees at trlal and on any�appeal.dWhe!er or otranty couA acUon is • _ -
<br /> � invotvod,a0 reasonabl9 exyenses tnaurceC by Lender which fn Lender's opinlon are neeesSerY a18ny Ume tor th0 proteCllon o1 its Intgrest Or ihe
<br /> �� �! entorcement of its dghts sha116ecome a part ot the Indebtedness payabte on demand and shall bear intere9l et the Note rata hom the date o1 ,
<br /> t gxpen diture until re pald. Expenses covared by this paragr8ph Inctude,wHhout Iimitation,however suhject to any Iimits under appilCab�O taw,
<br /> � � Lendor's attorneys'fees whetAer or not there Is e Iawsuil,Inciuding attorneys'fees tor ban kruptcy prooeedin gs(1nCiuding effort9 to modi(y or
<br /> vaCate any automaUc stay or iojuneNOn), appesis and any an8cipated postaudgment co118cGOn senrlCes. 1h8 cost O}Seerching tecortf9,
<br /> � oDtalning title reports(includ►ng forectosure reports).surveyors'repoRs.epprat5al}ees.title insuranoe,and fees for fhe Trusteg,to 1he extent
<br /> perm�tted by app�icabte law. Trustor atso wi�1 pey any court eosb,tn addiUon to ell other sums provlded by law. �
<br /> � Righta of Trustee. Trustee shall have a11 ot tha rights and dutias ot Lender as sel toAA in thls ssctian. .
<br /> POWERS AN�OBLIGATiOl�S OF TRUSTEE. The following prov'slons retaling to the pawers and obllgatlons of Truste9 8re p�t ot this Deed oI i
<br /> Trusi. `
<br /> ' Powers ot Trustee. In addition to a�t powers of Trustee arising as a matter of lav�,Trustea shati have the powar to take the toilowing actlons
<br /> with respect to the PropeAy upon the wdrien reqvest of Lendar and Trustor (a)Joln in Prepa�ing end fiting a map or ptat ot ihe Real Properry.
<br /> inciuding the ded:Cation of streets or other rlghts to ihe pub nc:trbs Deetl ol Tru51 oethe In 9tes1 of LenQer undsr t Is Oeed o1 Tr�S1Ree1 Ptoperly; � .
<br /> •.i and (C)join�n any subordm8tion or other egreement aHeCt g
<br /> , - I 1
<br /> � Trustee. Trustee shall meat all quaBfiCalions reqwred for Trustee under apphcabla Iaw. in add�����t;,Yha rtgnts and remedies se1 toAh above. r r
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