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<br /> relinquishes ell flghte of dower,homeatead,dfatrlbutive ahare,end exemptlon In and to the above deacribed property.�` �f����� -- .'���s.�
<br /> '` Trustorls)and�aoh of th�m furthtr covsnmts md�gru�wlth B�ntflai�ry a�follows: � � � ' ' -
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<br /> � 1. To pey all Ilsns,judgmante,or othor assesements against the proporty, end to pay when riue all assesemente,taxes,rents, feea,or c hargea ..r. -•
<br /> . upon the property or under any loase, pormit,license, or privilnpe nsefgned to Benoficiory ea odditional security to this Truet Deed, includin4
<br /> ^ thoso in or on public domein. � -
<br /> 2. To inaure and keep inaured buildinfls and other improvementa including fixtures and attechments now on or hereafter plocad on the property .
<br /> � to the satiafaction oi Beneficlary. Such inaurance wfll be approved by and deposited with Beneficiory,end endorsed with loes payabie clause to
<br /> be epplied a t he opdon ofrB nleficiery,Bln payment f any ndebted esa�matu ed tor utnmatur desocured by th er Tru teDeedr�f not so applied moy
<br /> = ' 3. To keep au buildings,f�xturea,uttechmanta,and othar improvomants now on or horeeRer plecbd on th^property occupfed and in good ropeir, ,_ -
<br /> �,,.,.�+� ? 1 mefntenance,and condit�on and to nelther commit nor permit eny acta of waste or eny impalrrnent o1 the value of the property. Beneficinry may j�,__, �
<br /> „,,,.sr : 1 enter upon the property to inspect the same or to per form any ac te authoAzed herein or in tho loen agreementlsl. •.,�__
<br /> 4. In the event Truato►Is) feils to pay any Iiens,judgments, essesamente, taxes, rente, feea, or charges or mafnteln any inaurence on the ,`�-
<br /> Iproperty,buildinga,fixturas,attachmente,or improvements as provided hereln or In the iaan agreementlsl,Beneticlery,at ita optlon,may make :� �
<br /> 1 such peyments or provide inaurance, meintenance, or repairs and any amounta paid theretor witl become part of the princlpel Indebtednosa ,�,.
<br /> } secured hereby,bo immedletely due and payable and bear interest at the default rate providod In tt�e notelsl from the dato of payment untll pafd. ^�, '
<br /> � i The advencemant by Beneliciary of any such amounts wfll in no menner Ilmit the right of Boneliciary to declare Truatorle)In defnult or exercfea -
<br /> any of Beneficlary's other r�ghte and remedies. �•
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<br /> `} 6. In the event Beneficiary la o party to any iftigatlon alfocting the property o�the Iicn of this Trust Deed,inoludinp any action hy Beneflelary to � •
<br /> � enforce thls Truat Deed or eny euft in which Beneflciary Is namod e dotendant Ilncludinp candamnatlon and bankruptoy proceodinpe)Donallciery n
<br /> ' may incur expensea ond advence paymoNS for abauact taea,attorneys feen Ito the oxtont ellowed by Inwl,coste,oxpnnx�e,npprelanl loee,nnd `.-
<br /> othor charpee and any amounte no advancod wlll become pert of the principal indebtednena socured hereby,bo immedlately duo and payebin end =-
<br /> .��� bear internet et the defeult rete providad In the notels) from the dete of edvanco untfl paid, _
<br /> � 0. Any ewerde made to Truator(s)or tliolr successors by tho oxorciso ot eminant domeln oro horoby asai8nod to Benafictery;end BenoHclery ie ��
<br /> �_ hereby eulhori=ed to collect and opply tho same In paymont ot eny indabtodneee,mature or u�metured,secured by thia Tn�at Doad.
<br /> 7. in thu event Trustorlsl defauita in the payment whe� duo of eny eums eocurod hereby Iprinclpel,Intereat, edvanCements, or protoative _
<br /> j� edvancesl, or tails to perform or observe any covenents and conditions contalnad hereln,in tho notelsl, loan egreementlel, or any other ..-
<br /> ���*� inst�uments,or any proceedin8s fe brought by or ageinnt Trustorlal under any Benkruptcy lews,Beneficiary,at Ita option,may declare the entfre
<br /> Indebtedneas seoured hereby to be Immedfotely due and payable and the whole wlll bear interest at tho dofault rate as provided in the notelal _
<br /> , �. and Beneficiary may immediately au�hori:e Truatee to exercise the Power of Sale grnnted horaln in the manner provided in the Nebraske Truat
<br /> Daeda Act,or,at the option of the Boneficlary,mey foreclose the Truat Deed In the manner provided by lew for the foreclosure ot mortgapea on
<br /> real properry, including the appointment of e Receiver upon ex perto application. notice being hereby expressly waived, without repard to the
<br /> � value of the proporty or the aufficiently thereof to discherge the indebtedness securod hereby ar in the loan agreementlsl. Delay by Beneficiary
<br /> In exerciaing its rights upon detault wlll not be construod aa a weiver thereof and any act of 8eneficfaty waiving any apecified defeult will nqt be
<br /> construed as a waiver of any future default. If the proceeds under such eale or foreclosure ere Insufficlent to pey the totai Indebtednaen aecured
<br /> � hereby,Trustorls)do hereby agree to be personally bound to pay the unpaid balance,and Beneticiary Nfli be entltied to a deficlency Judgment.
<br /> - -� 8. Shouitl Nenet�c�ary eiect to axarcisn iiro Fuwnr oi Sa�a �rantad hare:r., 9sr.ef!^_!e►y w��l notify Truatee who wfli record,publiah,and deliver to
<br /> � Trustor(sl such Notice of Default and Notico of Sale as then requfred by law and wili in the manner provided by law,aeil the property at tha time
<br /> � and piaca of sale f�xed in the Notice ot Sale,either as a whole or In seperate lota, parcels,or itema and in such order es Trustae will deem
<br /> expedlent, Any person may bid at the sele including Truatorlsl,Truatee,or Beneticiary.
<br /> � 9. Trustorla) hereby requeats a copy of eny Not�e of pefault or Notice of Seia hereunder to be mailed by certifiod maii to Truatoris) et the
<br /> addrese(ea)set forth herein.
<br /> 10. Upon default,Beneficiary,either in person ur by agent,with or without bringing any action or proceeding and with or without regard to the
<br /> value of the property or the aufficiency thereof to discherge the indebtedneas aecured hereby,ia authorfzed and entitied to entar upon end take
<br /> posaessfon of the property in iu own name or fn the namo of the Trustee and do any ecta or ezpend eny aums it deems necesaery or desirable
<br /> to protect or preserve the value of the property or any Interest therein,or increasa the income therefrom;and with or without taking possession —
<br /> of the property is authorized to sue for a otherwise collect the rents,issues, crops, profits,and income ti�ereof, tnciuding thoee paet due and
<br /> unpaid,and apply the aeme upon any indebtedneas secured heraby or in the lonn agreementlsl.
<br /> �,� No remody herefn conforred upon w reserved to Trustee or Beneficfary ia intended to be exclusive of any other remedy hareln or by law
<br /> � provided or perm(tted,but each wfll be cumuletive,will be in addition to every other remedy given hereunder or now or hereaftor exlsting et Iaw
<br /> or in equlty or by statute,end may be exercised concurrently,independently or eucceseively. _
<br /> � 11. Trustor(sl ecknowledgea that the dutiea and obligatlons of Trustee will be determined solely by the axpresa provisions of this Trust Deed or _
<br /> �� the Nebreske Truet Deeda Act and Trustee will not be Ilable oxcept for the performance of such duties and obligations as ara apecifically aet -
<br /> forth thereln,and no fmplied covenants or obligatbns wlll ba imposed upon Trustee:Trustoe will not be liablo for eny action by it(n good feith
<br /> : � and reasonably belfeved by it to be euthaized or within the discretlon or riflhta ot powera conlerred upon it by thie Trust Deed or state Iaw. _
<br /> � 12. The integrity and responsibflity of Trustorls)constitutes e part of the consideration fo�t�e abligatfons secured heroby. Should Truetorisl "_
<br /> " seil,trenator,or convey the property doscribed herein,without prfor written conuont of Benef�iary,Beneficlary,at ita optlon, may deqlore tho t._
<br /> entlre indabtednesa Immedintely due and payable and may procoed in the enforcement ot its tights as on any othet default.
<br /> <, 13, Asaignment of Rents including Proceeds of Minerai Leases. Trustorlsl heroby asaigne,transfers, and Conveys to Beneticiery all rents, ��v
<br /> ;; royalties, bonuses,and delny moneys a other proceeds thet may trom time to time becurne duo and payable under eny roal ostate leaso or �:
<br /> :j undor any oil,qas,gravel, rock,or othor minerai loase of any k(nd including goothttrmel resources now exfsting or that may hereofter come inm � >;r,N.--
<br /> exfstence, coverinfl tho property or any part thoreof. All auch sums so rocoivod by Beneficiary wfll be epplied to tho indebtedness secured
<br /> � '�c.v.4-v--r.�_.
<br /> i heroby;or BonefiCiory, at its option, may turn over and deliver to Trustorls) or thelr suCCessors in interest, any or eil of such suma without F�;N;,,
<br /> pre�udice to any of Boneficiory's riphts to take and retain(uturo sums, and wfthout prejudice to any of its other rights under this Trust Qeod. ' �'k;1-_
<br /> Thta essignment will be conatrued to be a provision for the payment or raduction of the debt,subject to the Benuficiery'a option as hereinbeforo ' _-
<br /> providod, independent of the Ilen on the property. Upon payment in full of the dabt and the reconveyanae ot thie Trust Deed of record, this
<br /> � assignment will becomo inoperative and of no turther forco and etfoct. ,
<br /> i 14. This Trust Ueod constitutos a Seci�rity Apreement with rospect to all tho proporty describad horein.
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<br /> � 16. Tho covonants contelnqd in thie Trust Deod will be deemod to be severoble: in the evdntthat any portion of this Trust Deed is determined
<br /> � to bo void or unon(orcoeble,thot detorrrxnntion w�ll not affact the velidity of tho romaining porlbna ol the Truat Doed.
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<br /> °' � SONORA KAY JONES REVOC�BL6 TRU$T ) �
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<br /> . j BY����,���CG CZc ' �_ ���� �
<br /> - � S NpRA KAY JONES, Tr stoo �
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<br /> = TRUSTEE ACKNOWLEDtiMENT
<br /> STATE OF
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<br /> , Ap!1:001 1 7137: Prlmery Cuatomor ID lt:00005342: CIF lJ:62390 Legel Doc.Dnte:Fabruary 03. 1998 � I
<br /> Pago 2 I
<br /> ' FCSM 501 1 Trust Daad and Ass�flnmum ot Nonts t
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