Laserfiche WebLink
201107605 <br />Section 8.2 Retention of Money. All moneys received by Trustee shall, until used <br />or applied as herein provided, be held in trust for the purposes for which they were received, but need not <br />be segregated in any manner from any other moneys (except to the extent required by law), and Trustee <br />shall be under no liability for interest on any moneys received by Trustee hereunder. <br />Section 8.3 Resil4nation of Trustee; Successor Trustee. If Trustee or' any successor <br />Trustee shall die, resign or become disqualified from acting in the execution of this trust, or Beneficiary <br />shall desire to appoint a substitute Trustee in accordance with § 76 -1004 of the Nebraska Trust Deeds <br />Act, Beneficiary shall have full power to appoint one or more substitute Trustees and, if preferred, several <br />substitute Trustees in succession who shall succeed to all the estates, rights, powers and duties of Trustee. <br />Such appointment may be executed by any authorized agent of Beneficiary and as so executed, such ap- <br />pointment shall be conclusively presumed to be executed with authority, valid and suf'f'icient, without fur- <br />ther proof of any action. <br />Section 8.4 Perfection of Appointment. Should any deed, conveyance or instru- <br />ment of any nature be required from Grantor by any successor Trustee to more fully and certainly vest in <br />and confirm to such successor' Trustee such estates, rights, powers and duties, then, upon request by such <br />Trustee, all such deeds, conveyances and instruments shall be made, executed, acknowledged and deliv- <br />ered and shall be caused to be recorded and /or filed by Grantor. <br />Section 8.5 Trustee Liability. In no event or circumstance shall Trustee or any sub- <br />stitute Trustee hereunder be personally liable under or as a result of this Deed of Trust, either as a result <br />of any action by Trustee (or any substitute Trustee) in the exercise of the powers hereby granted or other- <br />wise. <br />ARTIC:LL 9 <br />MISCELLANEOUS <br />Section 9.1 Notices. Any notice required or permitted to be given under this <br />Deed of Trust shall be given in accordance with Section 10.02 of the Credit Agreement. Grantor <br />hereby requests that a copy of any notice of default and a copy of any notice of sale required by the Ne- <br />braska Trust Deeds Act be mailed to Grantor in the manner provided in the Nebraska Trust Deeds Act to <br />the address set forth in the first paragraph of this Deed of Trust, <br />Section 9.2 Covenants Running with the Land. All Secured Obligations contained <br />in this Deed of Trust are intended by Grantor, Beneficiary and Trustee to be, and shall be construed as, <br />covenants running with the Land.. As used herein, "Grantor" shall refer to the party named in the first <br />paragraph of this Deed of Trust and to any subsequent owner of ail or any portion of the Mortgaged Prop- <br />erty, All Persons who may have or acquire an interest in the Mortgaged Property shall be deemed to have <br />notice of, and be bound by, the terms of the Credit Agreement and the other Loan Documents; provided, <br />however, that no such party shall be entitled to any rights thereunder without the prior written consent of <br />Beneficiary, <br />Section 9.3 Administrative Alzent May Perform; Administrative Agent _AE: <br />pointed Attorney -in -I+ act If following the occurrence and continuance of an Event of Default, Grantor <br />shall fail to perform any covenants contained in this Deed of Trust (including Grantor's covenants to (i) <br />pay the premiums in respect of all required insurance policies hereunder, (ii) pay and discharge any taxes, <br />assessments and special assessments, levies, fees and governmental charges imposed upon or assessed <br />against, and landlords', carriers', mechanics', workmen's, repairmen's, laborers', materialmen's, suppli- <br />ers' and warehousemen's liens and other claims arising by operation of law against, all or any portion of <br />the Mortgaged Property, (iii) make repairs, (iv) discharge liens or (v) pay or perform any obligations of <br />-12- <br />