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<br /> , �� An failure on tha part of the Trustor to meet the repayment terms in respect to the Loan Agreement an any € .° -_ � .'�...T.2`
<br /> � ,,j te► v . , .
<br /> , � other advances under this Deed of Trust hereby secured;and,
<br /> • � (C) Any action by the Trustor prohibited by the terms of the Lcan Agreement or this Deed of Trust or any failure af �
<br /> �� ; ; 3 the Trustor to act as required by the Loan Agreemert a�this Oeed of Trust,each of wfiich Trustor hereby agrees ; , •,
<br /> • ; have an adverse affect on the Benefidary's security far the line of credit established and the rigMs of the :• .. �,
<br /> . '' Benefciary in such security. . .��� ' � .
<br /> 2 � and upon the happening of any such event of defautt,Bene�tciary may declare atl sums secured hereby immediatety k , �t. ' •
<br /> • '� due and payable by deliver to Trustee of written declaration of default. The Trustee shail have the power of sale of � . _ � .� s, . �
<br /> � � � ��-j the f'roperty,and if Beneficiary desires the Property to be sofd,it shaft depasii with Trustee this Desd of Trust and aD __ ___ ___;___
<br /> .`; promissory notes and documents evideacing expenditures secured hereby and shall deliver to Trustee a written notice ; <
<br /> of default and election to cause the Property to be sold, and the Trustee in tum shall prepare a notice in the fcrm
<br />. � �� required by law,which shall 6e duty filed for record by Trustee. ' :- �. :
<br /> • � (A► After the lapse of such time as may be reqaired by law foltowing the recordation of said notice of default, and �:;, � •
<br /> ` , •;,� notice of defautt and notice of sale having beea given as required by law,Trustee, without demand on Trustor, .
<br /> shail seil the Property on the date and at the time and place designated in said notice of sate,at pubiic suction to
<br /> the highest bidd�r,the purchase price payabte in lawful money of the United States at the time of sale. Th�
<br /> � person conducting the sale may,for any causs he deems expedient,postpone the sate from time to time until ii , � ..„•:i: _�
<br /> shaQ be completed and,in every such caser nouce of postponement shall be given by public declaration thereof ,�`=.�-,�`:
<br /> by such person at the time and pface last appainted for the sa1e,pravided,if the sate is postponed for lortger than � ", -� _
<br /> ' oneN l day beyand the day des+gnated in the notice of sate,notice thereof shalf�a given in the sa�ne rtia._�er as �`` ;,�{�
<br /> '` the original notice af sale. Trustee shaq execute and defiver to the purchaser its Ceed conveying the P�perty so �
<br /> � ' sold,but without andy covenam or warranry,exprass or impiied. The reeitals in ths deed ofi any matters or acts .'.���"i:
<br /> � shall be conctusive proof of the uuthfuiness thereof. Any person,induding Beneficiary,may(swchase at the sale. �' �' �"� -.
<br /> (B) When Trustee selts pursuant to the powers herein,the Trustee shail appty the proceeds of the ssle to¢ayment - .=`;��
<br /> � of the custs and expenses of exercising the power of sale and of the sale,including the paymerrt of the Trustee's �. ���=
<br /> , ��,�.;�,.,.
<br /> fees actuaity incurred,which Trustee's fees shail not in the aggregate exceed the following amount based upon �`:::��=�,:.;.�
<br /> the amount secured hereby and remaining unpaid;5 percentum on the first S7,000 thereof, 1 percentum on the �, •� lti ��,
<br /> � ' batance thereof artd then to the items in subparagraph(C)in tRe order there stated. ___ ` `� " �
<br /> . :.�,,..�c�:.
<br /> (C1 Qfter paying the items spacified tn subparagraph(B)if the safe is by Trustee,or the proper court and other costs •. �; ;�_,.:.
<br /> ;: _,„.;,
<br /> of forectoss.�re and sate if the sa�e is pursuant to judicial forectosure,the proceeds of sate shatl be apptied in the order ,:;:,� :;::,:
<br /> c .� ' stated to�*-a payment af: � �v :
<br /> . � . �q Cost of any evidence of title procured in conneciion with such sale a�d of any revenue stamps; '��,,,,.
<br /> (IU Ail sums the secured hereby; � , �;'���
<br /> �;�:,t
<br /> � QII) The remainder,if any,to the person legally entitled thereto. �� �-':.,���_
<br /> � • � 73. Dudes and 061tgattons of Trustees. ia) The duties and obligatians of uustee shatl be determined solety by .;�,_,�,�.;
<br /> the express provisions of this Deed of Trust,and Trustee shaU not be liable except far the performance of such duties '_��j::�i
<br /> - and obligations as are specificafty set forth herein, and no Implied covenants or obligations shafl be imposed upon ;;_��`.�;�
<br /> � +. Trustee; (b) No provisions of this Deed of Yrust shail require Trustee to expand or risk its awn fonds,or otherwtse _ _ _,:;.�4
<br /> incur any financisl obiigation in the performance of any of its duties hereunder,or in the exercise of any of its rights • • '•��?���
<br /> � � - or power,if it shall have grounds for betieving that the repayment of such funds or adequate indemnity against such �`',�,."�.:�
<br /> . ..�,,,
<br /> risk or liability is not reasonab(y assured to it;(c1 Trustee may consult wlth counsel of its own choosing and the advice , ._�,
<br /> � � ; of such counsel shall be full and complete authorizetion and protection in the respect of any action taken or suffered .. �- �--3"�-
<br /> :. .�:� ._.�::;
<br /> � �� by it hereunder in good faith and reliance thereon;(d) Trustee shali not be liable for any ection taken by it in good faith �' �;.��-.
<br /> ' ! end reasonably believed by it to be authorized or wlthin the discretion or rights and powers conferred upon it by this ;�'_,�•
<br /> - . . '� . .•
<br /> � ` Deed of Trust. -� '
<br /> : . ': ; 94. Additional Security Inatrumente. Trustor,at its expense, will execute and deliver to the Trustea, promptly . .
<br /> upon deman�,such security instruments as may be required by Trustee,in form and substance satisfactory to trustee, ,
<br /> � covering any of the Property conveyed by this Deed of Trust,which security insttuments shail be additional securiry :
<br /> � ; for Trustor's faithtul perto�mance of all of the terms, covenants and conditions of this Deed of Trust, the Loan , ,
<br /> ' � �. Agreement,any promissory notes secured hereby and any other security instruments executed in connection with this _ ._ ., .
<br />� . � � • transaction. Such instruments shall be recorded or iited, an�re-recorded and retlled,at Trustor's expense.' ,
<br /> . 15. Miscellaneoua. .
<br /> (A) In the event any one or more of the provisions contained in the Deed of Trust, or the Lvan Agreement or any ,.
<br /> ' promissory note, or any other security instrument given in connection wlth this trensaction, shali for any reason �•
<br /> to be heid to be invalld,illegal or unenforceabte in any respect, such invatidity, itlegality or uneniorceability shall,
<br /> � at the option of Beneficiary, not effect any other provision of thls Deed of Trust,that this Deed of Trust shall be �
<br /> • construed as if such invalid, iltegal or unentorceable provlsion had never been contained herein or therein. � .
<br /> ' IB) This Deed of T�ust shall be canstrued according to the laws of the State of Nebraske. �
<br /> `� (Cl the Deed of Trust shatl insure to and bind the heirs,legatees,devisees,sdministrators,executors,successors and
<br /> . ' assigns of tho parties hereto. � �
<br /> , � ��I ID1 Trusior shall pay all taxes levied upon this Deed of T�ust or the debt secured hereby,together with any other taxes �
<br /> . , or assessments which may be Isvied against the Trustee or Beneficiary or the legal holder of the Loan Agreement �
<br /> + on account of the indebtedness evidence thereby. , . �
<br /> ; (E1 Whenever used herein,the singular number shall include the plural,the ptural,the singular,the use of any gender f
<br /> � shall be appticable to ali genders,and the term "Beneficiary" shall inctude any payee of the indebtedness hereby
<br /> secured or any transfer thereof, whether by operation of law or otherwise. � � ,
<br /> 16. Successor Trustee. Beneficiary may irom time to time substitute a successor or successors to any Trustee i
<br /> named herein or acting hereunder to execute this Trust Deed. Upon such appointment and without conveyance to �
<br /> the suscessor Trustee, the latter shall be vested with all title, powers and duties conferred upon any Trustee herein � �
<br /> ' named or acting hereunder. Each such appointment or substitution shall be made by written instrument by Beneficiary, � �
<br /> • • containing reference to this Deed of Trust and its place of record, which when recorded in the office of the Register � .
<br /> ' of Deeds of the county or counties in which said property is situated,shall be conclusive proof of proper appointment
<br /> � of the successor Trustee. The foregoing power of substitution and the procedure therefore shall not be exclusive of , .
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