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<br /> � with the provisions af the applicable law of the State of Nebraska su stitutc a successor or � _
<br /> � successors to theTrust�e named herein or acting hereunder. �`
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<br /> . � 8. SUCCESSORS AND ASSIGNS. This Deed of Trust applies to, inures to the I " • . _3�.
<br /> benefit of anJ binds all panies hcreto,theiz hcirs, legatees,devicees, personal representatives,
<br /> lsuccessors and assigns. The term"Bene#iciary" shall mean the owner and holder of the Note, „ .�: .
<br /> ' ' whether or not narned as Beneficiary herein. ,, ,. �
<br /> � �' � :
<br /> l 9, INSI�ECTION. Beneficiary or its agent may make reasonable entries upon and � � �� ':�
<br /> •. a�i �k,:k:;.
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<br /> inspections of the Property. Beneficiary shall give Trustor notice at the time of or prior to , .,: . ;f�,.�_-��47.
<br /> an inspection specifying reasonable cause #or the inspection. •:;�;�==-_--
<br /> � � . � 10. TRUSTOR NOT RELEASED; IFORBEARANCE BY BENEPJCIARY NOT . __— _
<br /> E A WAIVER. EMension of the time for payment or modification of amortization of the sums a,�`i��
<br /> secured by this Security Instrument granted by Beneficiary to any successor in interest of
<br /> � � Trustor shall not operate to release the liability of the original Trustor or Truseor's successors
<br /> ; interest. Beneficiary shall not be required to commence proceedings against any successor in
<br /> ; ° i interest or refuse to extend tirne for payment or otherwiso modify amortization of tlie sums .y�,. .
<br /> : � secured by this Security Instrument by reason of any demand made by the original Trustar
<br /> �) i or Trustor's su.ccessors in interest. Any forbearance by Beneficiary in exercising any right or ;' '` r -
<br /> � �� remedy shall not be a waiver of or preclude the exercise of any right or remedy. .' �
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<br /> __�! 11. TRANSPER OF THE PROPERTY OR A BENEFICIAL INTEREST II.V y.=-'
<br /> .K�:
<br /> TRUSTOR;ENCUMBRANCF.S. If all or any part of the Property or any intcrest in it is �_-
<br /> ` sold or transferred (or if a beneficial interest in Trustor is sold or transferred and Trustor is i�;�
<br /> ��;�
<br /> not a natural person) without Beneficiary's prior written consent, Beneficiary may, at its , .
<br /> ; eption, require immediate payment in full of all sums secured by this Security Instrument, �_�:
<br /> ' however,this option shall not be exercised by Beneficiary if exercises is prohibited by federal ; !��
<br /> �. law as of the date of this Security Instrument. If Beneficiary exercises thi�option,Beneficiary '�"K
<br /> >• shall give Trustor notice of acceleration. The notice shall provide a period of nut less than 30 _� -
<br /> � . days from the date the notice is delivered or mailed within which the Trustor must pay all _��v�_
<br /> . y.. sums secured by this Security Instrument. If Trustor fails to pay these sums prior to the ����r.
<br /> : expiration of this period, Beneficiary may invoke any remedies permitted by this Security �, _
<br /> Instrument without further notice or demand on Trustor. Trustor shall not cause there to be ��w—
<br /> � placed against the Property any other e�cumbrances without the express written consent of -- --
<br /> � the Beneficiary,with such consent to not be unreasonabl withheld b Benefici �Y�
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<br />- 12. EVENTS OF DEPAULT. Any of the following events shall be deemed an event �s:�=-
<br /> iJt�y�a _
<br /> ` of default hereunder: �''�
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<br /> a. Trustor shall have failed to make payment of any installment of interest, principal, t�.-,��r�-.
<br /> ..��.. .`.�5..;. .
<br /> or principal and interest or any other sum secured hereby when due;or �`��L
<br /> �':;�y..
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<br />_ b. There has occurred a breach of or default under any term, covenant, agreement, ;"
<br /> , I condition, provision, representation or warzanty contained in any of the Loan Instruments.
<br /> 1 I c. Creation of a lien or encumbrance which is not subordinate to this deed of trust
<br /> which is intended to remain a first deed of trust.
<br /> i
<br /> . � ,� n�r-�t�u errnt�t. RFMF1�iFS. RPneficiarv s�1aJI eive notice of default to � _
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<br />� l Trustor prior to acceleration following Trustor's breach of any covenant or agi�eement in this i
<br /> � Trust Ueed. ?he notice shall specify(a) the default; (b)the action required to cure the default; �
<br /> _ (c) a date, not less than 30 days from the date of the notice is given to Trustor,by which the �
<br /> default must be cured;:ind (d) that failure to cure the default on or before the date specified
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