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<br />' - � pdnapal amount o4 tha indebtedness sscured by this Desd o}Trust,rtot{r.ctucling su,ns advari�d to proteci the security ot t�ls Qeed oi � �1��t��:��`'��
<br /> _�-- Trust,excsed the origlna!prinapat ansount s4ated herefn,or� 10,Q00.00 ,whichever is grEater. "�.y!�.�-�-,�-'_.`_'`
<br />. , 16.FAIace23zJeeo�as 6'rsvielana. , . . _
<br /> �. (a)Borrowst f�ot Rptw..�:.sl.Extenston of ths tune for payment or maditic�atlon of amarNzation of the sums secured 0y ihis �
<br /> _—_ �a.�.a T,..o►�n±w�nv t nnetar rp any r��essor In tnrarast At(3orraWnnr aha71 not r>rinrate M ralAase,in sny manner.the Ii�li- �- L- .+� ._
<br /> ry of 4he odginaA @orrower and Barro��uers successors in inierest.Lertder shai!not be�quired W commence procec3dtngs :
<br /> against such suooessor or refuse to exte�►d dme for payment or othenrotse mod��ty emo►tiza�on ot the s�ms secured by thls • . •� ' -
<br /> � Deed oT 7n►st Dy reason of any demands maQe by the orlginal Boctovrer and BarroYJers successors in tnterest . , ' ` ' �
<br /> (b)Lenda�'s PBKSers.lNithout affect(ng the liabiliry of any other person IisDle fof the payrnent ol any obHgatton harein men- :. -�
<br /> tioned.and wiihout aRecting the lien or charge of this Deed of Trust upon any portion ot the�ropeRy nat tfien or thsr�lotore � �� ., � ;,.�.=�
<br /> reteased as security for the fu11 amount of all unpaid obligatt�ons,Lendar may,from Bme ta 8ms and tvithaut nnYica()rsisase • ' _ � =�;•
<br />_ any persan so Iiabte.(i�extend the maturiry or eJter any of the tetms oi any such oDtigaUons.(�grant oYher Indutgences,(Iv)
<br />° release or oonvey,or causo to 6e reisased or reconveyad at any time at Lende�s opifon any parcel, portion or all of the . .�` . � .
<br /> — Property,(v)take or release any other or addition�t security or recanveyed at any time at Lendefs cpUore any paroel,portion or - - _ � _ -� , .
<br /> _ : . . .,. ,.
<br /> � ali o!the " ' �
<br /> r PmpeRY,(w)talca or reteasa any otfiar ar ad�tionaf security for any obligatian herefri m�aned or(va'y mafce campo- : , �_..... ,
<br /> . sitions of other arrangements with debters(n re)ation t�ereto. �R: � ,�• �
<br /> , (c)FOrhEar�nce by O.enda�Not�Watvar.Any tar0earance by I.er�der in exercising any right or remedy hereunder,or oth- •.; :�•�,_._;;_._�.::;.L
<br /> erwEse aftor6ed b licable law,sflall nat be a waiver ot or redude the exercfse of an such ri t or rem ' ` `'�"�''`'?"
<br /> Y aAP P Y 8h edl/.The procure- '�.�..:.�.�--�::•-�.
<br /> meni of(nsurance or tlia paymant of taxes or other Itens or chargas by Lender shatl noi!ta a tivaiver or Ler►ders rigM to acceler- �;.'_ `
<br /> . .rwr�.s'.•-f'r.�.�.,�- _
<br /> ate the maturily of the indebtedness sacured by this Deed of Trust •:: . '�-. .
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<br /> (cq Succesaors end Asaigns Bound;Jatnt and Saveral Liabiltty:Capttons.l'he ccvenants and agreemem,�h3rein con- �` r>.,:�x-.::,<�.,�:.::= '
<br /> teined shail b:nd.and the dghts hsreundsr shaf!inujs to.the respecttve successo�s and assigns of Lendsr and Trustor.All ' • . -'
<br /> :� oovanar�and agreemerns of 7n�stor adall bs joint and sevetal.Tha captlans and hezd[ngs of tho paragraphs of thts Qeod ot .��~�`�tt��' �- � '
<br />� Trust are tor convaniance oniy and are not M be used to Interpret or define the provisions hereof. �;<���'-�`�"•--
<br /> (e)Requea4 far Nattcea.The parties hereby requsst that a copy af any notice of default hereunder end a copy of any notlaa • �: ..._
<br /> - of sale hereunder be ma0ed to each paRy to this Deed of Tnut at tha address sei torth ahove in ihe manr►er presai�ad by . . T �' '��� '
<br /> � apptica�te law.6roept tnr any other notice requlted under appficable laer to be given in anoiher manner,arry aoike pmvided far .•�.,,;�;-��-�
<br /> � In this Deed of Trust sha11 be�tuan by mailing such notke by certified rt�a11 addressed to the oUFSr parttes,at the address set -4._,�---�-;
<br />' � brtb ahove.My notioa provWed for In tlNS Daed of Trust shall tse effedive upon mat9in in tha rr.anner dasf � 'w"
<br /> 9 gnated tterein.ff _;,��� '� €_��.
<br /> • . Trustor is mar6 tAan ane person,noSce sent to the address sst forth ahova shaU be notice to a11 su�persans. ��•��:
<br /> (fl Inspectton.Lender may make or c2use to be made reasonabfe entries upon and inspec�ians of the Propariy,provided `""" .n�,
<br /> � L�hat Lender shati giva Tnistar notice prior to any suct�inspection speatying reasona�te cause theretor refaied to Ler�der's inter- �'��=�•
<br /> - est 1n theQ� ] �-�
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<br /> ' (9)Recanveyance.Upon payment ot a!1 sums se�u:c-d by thts Desd ot Trust,l�ruir_r shap request Tnistee to reoomey the !=:,,v�"''°"' •;�-
<br /> •°� Property and sha��surrender this Desd oi Trust and ait notes evidencing indah.adness secured by this Oesd of Trust to ' �..�f��.`.-.--
<br /> - T�us[ee.Trustee shall recarney the Proyerty,with[�ut warrar►ry and��i�i charge to the parsan legalty en4fUed thereto.Trust+¢e .
<br /> .-r:`,� shall pay all oosts or recorda�on,H arry. ,��,,::, -
<br /> (h)Personat Property;Security Agreement As add'rtional sec�.�aar the payment of tfie IVote,Trustor hersby grants '
<br /> Lendar under ihe Nebraska Uniform Commerctal Code a security interest in att ftxwres,equipment,end other personai property `° `''�` .
<br /> used In connection with the real estate or improvemer�t�cated thereon,and not otherwise decfared ar d2emed t��e a part of �� � `
<br /> t:�,.:,.
<br /> �. the real estate secured hereby.This inshument shafl�e canstrued as a Security Agreement under satd Cade.�.�v.i&`�e len�r ,�!;;,':'.
<br /> .: � shall have ail the rights and remedtes c`�serured party under said Code in additlon to the dghts and reme�es�mder Lhirs =• ,, ";'..
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<br /> parragraph shall be cumulaUva with,and i�sas way a IimitaUon an,Lenders dghts and�emedias under arry othar security a� ; rft-
<br /> '•�'��x ment signed by Borrower or Trustor. - y; —;,,�,��
<br /> � (�Uens and Encumbrancoa.Tnistor hareny waRa,�and represents that thsaa is no defauit undar 4he prc►vlaians of a�y
<br /> • �-:� mortgage.deed of trust,lease or pu�hase contract d�eibing ali or arry part of t�`►�ProAerty.or other oonUa�Y,insburrrent o; �- r�'� �. . '.�:
<br /> � agreemem constltubng a Iten or encumbranco against aD or any paK of the Propeaty fcollecHve�yr.'Llens").e�dstlng as ot th� �df� �.
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<br /> ' �: dais of this Qaed of Trust,and that any and all existing Uens remain .cas,�odifled exoept as disc�osed to Lender in Tnu2or's w� � '.'?���•:
<br /> �:t� ten disctosure of Ifens and encumbrances providad for herein.Ycs�st�r shali t3mely perform ali o}Tnistor's obflgaUons. ,_ , `�':"`-�;
<br /> •.��t:, oovenams.representaUons end warrantles under any and s11 exlstlng mnd Suiure Liens,shall promptiy tonvard tn Lender oopies "" `���-�-.,'��;
<br /> 'S of ell notices of default sent in connectlon wftl�eny end all existing or�`,mrre Uens.and shail not without Leriders prbr written � �
<br /> �' '� consent in any manner modNy the pravisksns of or altow any future a�vartices under any existlrsg or fumre Ifens. ��'
<br /> :"� �Appllcatiotw of Paymunta Uateas otherwise required by taw,sums paid to l�ondar hareunder,(nduding wiUwut imita. �'.��'---'•'
<br />' �.�'t tlon payments of prirx;tpal end interesi,(nsurance proceeds.condemrtatlon praceeds and rents and praftts.shall be epplled .,
<br /> ct'; Lender to the amour�ts due and owing i1�m Trustor and borrower tn suct�order as Lender in its sole discretlon deems d�r- �:��
<br /> • eble. ,..r ,�°,�:
<br /> ��� (k)S�renbifity.It any provision of�'^.is Deed of Tnist oonflicts wrih applicabte law or is dectar�d Imafld or athervvise unen- � '�_ '., ,- ` '''x��'�';;
<br /> torceabie,sucb confll�or invalidlry shaU not affect the ot�er pc�vtstons of thts Oeed ot Tnut or the Nate whkri can be ghren �•'':n`.;�'.;�,�.�.--
<br /> ef(ect without the conflkKirrr��ravtston,and to tfiis end the provlsbna of thts D�ed atr lixust and the Nate sre dedared to be sev- ��:�,;: �==:::;;';;- °
<br /> . erehle. '
<br /> ' (q Tem�.The terms'frustor and`BorraHer shall inciude both s:rr�,tar and pturzi,and whon the Trustor and 6orrower Qna ���,��?;;_:'. �
<br /> •��� the same�on(s),those temns as used in this Deed o7 Tmst shall Ce d�rar�hangeable. � �•�-�•-
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<br /> (m)6overeiln�Lsw.This Deed ot Tmst shafl be govemed by the laws o}the State of HeDraska _ ' =e�..t�"�'�' -
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<br /> Tn�stor has exec�tted UUa Deed of Trust as of tfta date written above. '�r'�—
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<br /> ' ,�F � STAN EY L. SCHEER Trustor Trustor `�'•.�"°'`.j'`
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<br /> . LAURIE SCHEER Tr�stcr Trustor i' .. .
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