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<br /> �� •01-05-1998 DEED OF TRUST Pa�e 6 � � ,. � � -
<br /> 1 .• Loan No 624205 (CoM(nued) 9 ,�, �(j���� _� �
<br /> I ,r RIOHTS AND R�MEQIES ON DEFAIX.T. Upon lhe accurrence o}any Event af Defaull and at any ume Ihereefter,Trustoe or Lender,et tts optlon, ^
<br /> may exerclse any ane or mare of the lollowlnp rights and remedles,in addltion to any olher rlprls or remedies provlded by lew: �
<br /> AccNentlon upon Defeult; Additlonal Fiemedles. If any event of default occurs as per the lerms of the Note secured hereby,Lender may .
<br /> ! declare nN Indebtedness ser,ured by thls Deed ol Trust to be due and payable and the same shell thereupon become due and payable wlthout _
<br /> � any prASentmont,demand,protesl or not�e of any kind. ThereaHer,Lender may: � -
<br /> (q) Elther In person or by apent,wilh or without brfnpinp any action or prxeedinp, or by a receiver appolnted by a court and without
<br /> repad to the adeqwcy of Ib s�aurity snter upon�nd Uk�poss�sslon of the Property,or 4ny p�rt thereof,In lu own rume a in tM neme
<br /> of Trustee,and do any acts wh�h It deems necessary a deslrable to preserve the value,muketebtUty or rentablilty of the Proparty,a part
<br /> I ot tho Propwry or fnUrest In lh�Prop�rty;Incrwtse ltw Inconw from tFw Property or protcct tho securlty ot tho Pro�erty;and,wilh a wlthout
<br /> i fahlrp possssslon of the PropsAy,eue for or olMrwis�coMot the ants,Issues and proAla of tlw ProPsrty,Includin�thosa put dus and ,
<br /> I unp�ld,�nd apply th�aarrN,less coat��nd e�enses of opsration and colleodon,Includinp sdaneys Mes�to any i�debtadness socured
<br /> I by tfils Doed ot Trus�ell In euch ader as Lender may detamine. Tha enterlrp upon and takirp possesslon of the Property,the collaation
<br /> � of such ronta,Issues end proNts,and ihe appl�aUon tMreof shall not cure or walve any dehutt a noUce ot defaull under thls Deed of Trust
<br /> I or Invalld�te eny act done In rasponse to suah dehult a pursuant to such notiCe of defaull;and, nolwithstandinp the ContlnuanCe In ` -
<br /> possesslon of tha Property or Ihe collecAon, raceipt�nd appllcetion of rents, Issues a profib, Trustee or Lender shall be sntltted ta
<br /> exercise every ripht provided tor In the Note or the Rce4tsd Documonts or by law upon the ocaurrence of any event of defauit,InctudlnQ tha . :;•,.,.,, .•
<br /> � rlpht to exercise the power of saie; ''" °
<br /> '�%r.�-�_
<br /> { (b) Commance an action to toreclose thls Deed of Trust as a mortpaye,appolnt e recelver a speclflcaAy enfo►ce any of 1he covenanfs �.�.��
<br /> 1 hereoh,and
<br /> � interest�'In the Progperly to be sold,whbh n o�Trustee shall cnuse o be dultl filed for roco�id In the appropdate o�f�Ces of�ths County in ,�_ _.�....
<br /> iwh�h the Property IS IoCated;and •
<br /> � (d) With nspect ta ell or any paR ot the Personal Property,Lender shail heve an the rqhls and remedles of a secured party under the
<br /> � Nobraska Unitorm Commerciai Code. .
<br /> Foreclow►s by Power of Ssle. If Lender elects to taeclose by exerclse of the Power of Snle herein contained,Lender shall nofly Trustee and
<br /> � shali deposit with Trustee this Deed of Trust and the Note and suah roc9ipts and evldence of expenditures made and seoured by this Deed of
<br /> � Trust 8s Trustee may requYe. _
<br /> • (a) Upon recelpt of such notice hom Lender,Truste�6ha�l CBUSO to be recorded,published an�deilvered to Trustor such Notico of Oef�ult
<br /> and Notice of Safe es then requlred by law and by thls Desd of Trust. Trustee shall,wuhout demand on Trusta,after such tima aa may
<br /> , then be required by law and aNer recordatlon of such Notke of Default and aRer Not�e of Sale hnving been ylven as requlred by law,eall ..
<br /> *'. the Property at the ume and plaCe of sale flxed by it In such Not�e of Sale,elther as a whole,or In separale lots or perCels or Ilems as
<br /> ' Trustee shall deem axpedient,and In such order as N may determine,at public auction lo the hlghest bidder for cash In lawful money of - -
<br /> the United States payable at the tlme of sale. 7rusteeshap deliver to such purchaser o�pu�chasers thereof its pood and sufBClent deed or
<br /> deeds conveying the properly so sold,but wlthoul any covenant or wartanty,express or Implied. The recitals In such deed of any mattwe
<br /> or fficts shall be conclusfve proof of the truthfuln�s Ihereof. Any person,Includinp wuhout lmitatlon Trustor,Trustee, a Lender,m�y
<br /> �purchnse at such sale.
<br /> (b1 As meY be permNted by lew,atter deduoUnp ati costs,fses and expensea of Trustee end of this Trust,Includinp cosb of evidence of . �
<br /> . m t dx ttsa lar�cf!!�l.:Dxd o! —
<br /> �1 tftl9 In conneCtlon wllh sale,Trustee shnu apply the prxeeas or saie to payment of (i j aB sur�N a�andad ur - .,-
<br /> � Trust or under the terms of the Note not ihen repald,NCludinq but not Nmited to accrued Inlerest and Iate charpes, (11)oll oth�r aums then `��::
<br /> secured hereby,and(III)the remalnder,If any,to the person or persons IepaNy entitlod thereto. ;.-... � 'b
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<br /> t (c) Trustes may In the manner provided by law postpone sale of all or any porilon ot the Froperly. dg,�s;; ,� '
<br /> S R�m�dNs Not Excluslve. Trustea and Lender,and eaeh of them,shall be entltled to enforce payment end pertwm�nce of any Indobtedness �:r +
<br /> � or obllpallons seaured by Ihis Deed ot Trus!and to exerclse a1 Aghts and powers under this Dead ot Trust,under ths Nole,under any of the �' '
<br /> t Related DoCUments,or under any olher apreement or any lawa now or herea8er In(ace; ndwlthskndinp,some or tll of such Indebtedness ,��4+
<br /> . � and oblpatlons secured by this Deed ot Trust may now or hereaiter bo otherwlse secured.whether by morlyn9e,deed ot trust,pledpe,Iien, ' t
<br /> ,j assipnment or otherwlse.Nelther the ecceptance of thls Deed o�Trust nor Its enforcement,whether by couR actlon or pursunnt to the power of �; �
<br /> � 5ole or other powers contalned in thls Deed of Trust,shell proJudlce or In any manner aH�ct Trustee's a Lender's riphl to rYelizo upon or �� , ��_
<br /> , entorce any other securlry now or hereatter held by Trustee or Lender,it belnq apread that Trust�a and Lende►,and each of 1ham,ShYli be ,,,_—
<br /> entitled to enforce fhis Oeed of Trust and any other seeudry now or herearter held by Lender a Trustee In such ad�r and manrw as they ar ,
<br /> elther of ihsm may In thelr absolute discretlon determine. No remedy conferted upon or reserved to Truste9 or Lender,Is Inlended to be ��'
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<br /> ;j exclusive of any other remedy In this Deed of Trust or by law provided or permittod,but each shaE be cumulaHvo and sholl bo In addition to • �,�..
<br /> every other rsmedy piven In fhis Deed o}Trust or now or horeafler existlny at law or In equity a by st�tute. Every power or romedy piwn by the ��.-.
<br /> .� Note or any of the Rektod Oxumonts to Trustae or Londer or to whlch elther of ttiem may be otherwise enBded,may be exerclssd,
<br /> _�.n�a'•,�,.
<br /> ,.I concurcendy a Independently,hom time to time and as orten as mey be deemed expedient by Trustae or Lender,a�d elther of th�m may ,r A,�,
<br /> pursue Inconsistent remedles. Nothlnq In thlo peed of Trust shall be conshued as prohiblHrp Lender irom ssNcirp a deflclenoy Judpment w,-.:,-�
<br /> 1 aqalnst ihe Trustor to the extent such acHon Is permltted by law• -
<br /> � � � Requeat For Notfce. Trustor,on bohalf of Trustor and Lender,hereby requests ihat a copy of any Notice of Dofault and e copy of any Notice ��:,`�-
<br /> � of Sale under this De9d o�Trust be mafled to them at the addresses sef forth In the first paragreph of Ihis Deed of Trust. �
<br /> i ..:tri-�'���r,��"
<br /> Walver;EleCtlon of Remedle�. A walver by any party of a breach of a provision of this Deed o�Trust shail not constitute a waiver of or .Q—.- ----�
<br /> � pre�udlCe tho perty's rights othervv�se to demand striCt compliance wflh thet provision a any dhe�provislon. ElecUon by Lender to pursue any ���r•
<br />� remedy provided In this Dead ot Trust,the Note,in any Re�ated�ucumenl,or provldetl by lew she�not axclude pursuit of any other remudy, '-�'V�-.w. .�„� .
<br /> � and an olectlon to make expendltures or to take actlon to pertorm nn obliqatlon of Trustor under Ihls Deed of Trust aRer faliure of Trustor to • w. ,�
<br /> - � perform shall not flHeCt Lender's right to declare a default 8nd to exerClse any of It�remedtes. .
<br />+ � Attorneya'Feea;Expen�ea. If Londer InsUtutes any suit a actlon to onforce any ot the terms ot tNs Deed of Trust,Lender shall be entitled to ', •
<br /> � recover such sum es the caurl may adJudye reasonable is attorneys' fees at trlal nnd on tny eppeal. Whether or not any Court aCtlon Is
<br /> - Involved.all reasonabte expenses InCUrred by Lender whkh in lender's opinlon are necassary�t any time tor fhe protectlon of Ib Interest or the •�
<br /> enforcement of Its rlghts shall become a part of the IndebUdness payable on demand and shtu bNr tnlerest at tha Note ritte hOm ihe date ol „ '� ,.
<br /> - i expenditure untii repald. Expenses covered by thls parepr4ph InClude,without IlrniteHon, howYVer eubJeCt to any Ilmlts under applk6bl6 law,
<br /> Lender's attorneys'fees whether or nol ihere is a lawsult,Includlny attorneys'fees tot bankNptcy proceedlnps (Includinp efforts to modlly or
<br /> vacate any eutomalic slay or InJunctfon), appeais and eny anticlpated post-Judgment coNection seMces, the cost ot searchlny recoros,
<br /> - obtalning title reporls (Including toreclosure reports),surveyors'reports,appralsal fees,tltle insurance,and feos for ihe 7rustoe,to the extent
<br />-- ,: permttted by applicable�ew. TrustOr also wili pay any coud Co51s,In addition to ell other SumS p�ovided by law.
<br /> � RlQhts o}TfuetCO. Truslee 5hell have all of the nghis IInd dutlos Of L9nder as set forth In this SBCtion.
<br /> POWERS AND OBLIGATIONS OF TRUSTEE. The following provis�ons relating to Ihe powe�s and oblpatlons ol Trustee are part ol this Deed o� I
<br /> Trust.
<br /> - Powera ot Truateo. In eddtllon to all powers of Trustae erlsing as a matlar of law,Trustee shell have ihe power io take Ihe folbwing actlons f
<br /> wlth respect to the Properly upon the wrltten request of Londer a�d Trusta: (a)Joln In prbpadng and fillnp a map a ptat ot thd Real Property, I
<br /> - Including the dedicatton of�treels or other rlyhts to the publlC; (b)Joln in granting any eesement or aeattng any restriCilon on the Real Property;
<br /> �- ��u.........0................�..�.ltaw6u�.161e n�.,r T.���t r,r et,a inlaraat of Lander under this Deed of Trust. L .
<br /> - fl1�V �4J�V�i�ii�Ri��ouv�w�.r�u�����v.v���w uy.w.•+...r..�.v...�....����� �. -'��.� _ " ' r
<br /> ' Truatee. Truslee shall meet all quaMNcatlons requlred tor Truslee under eppllcable law. In addl8on lo the riqhts and remedles set torth above,
<br /> wilh respect to aIl or any parl of tha Property,the Trustse shall have the rfpht to foroclose by�oNce and sale,end Lender shall heve the rlght to
<br /> foreclose by�udlclal foreelosure,In elther case In eCCOrdance wllh and lo the full extent provlded by eppllCable Iaw.
<br /> SuCCeBSOr Trustee. Lender,nl Lender'S optlon,mey from tirne to tlme appolnt 8 SUCCesso�Trustee lo flny Trustee appotnled hereUnder by an I
<br /> instrument axecuted and acknowlodged by Lender end recorded In the oNice of the reCOrder ot HOWARD AND HALL County NebraSke. The �
<br />� ins�rument shtill COnlaln,m addition lo flll olher mHfl0�5 required by state law,the names of Ihe orlglnal Lender,Trustee, and Trustor,the book
<br /> and pnge(or Compul8�System reterenCe)where Ihis�eed o�Trust is reCaded,and Ihe name and ttddress of the SuCCess�r husteo,und lhe
<br /> _ inslrument shell be exdCUled ond flCknowledged by ell the benghC�engS untler Ihe Deed ot Trust or Ihelr SuCCessor5 In I�t8re5t. The SuCC8550r
<br /> - trustee,without conveyence ol Ihe Prope�ty,shall sur.ceed to all Iha htle.power,and dulies Conterred upon the Trustee In thls Deed of Trusl �
<br />� and by eppl�cflble�aw. This proCetlure for substituUOn of liustee sh�ll govern lo Iho exclusion ol all o�her provisions for 3ubslituti0n. I
<br /> }� NOTICES TO TRUSTOR ANO OTNER PARTIES. Any notice undor Ih�s Deed of Trust Shall be In wnhng. mey be Son1 by teletacsfmlle(unless �
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