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201107747
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201107747
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Last modified
10/19/2011 11:27:21 AM
Creation date
10/18/2011 8:27:58 AM
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DEEDS
Inst Number
201107747
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� <br />201�.0'7747 <br />due and payable, and exercise any remedies available under the provisions of this <br />DOT. <br />12. Condemnation: The proceeds of any condemnation award are hereby assigned <br />and shall be paid to lender, and shall be applied to the sums secured by this DOT <br />whether or not then due, with any excess paid to Borrower. <br />13. Notices: Notices, when any may be required in this DOT, shall be: To each of <br />the Trustor or Trustee or Beneficiary, at the addresses which are set forth on the first <br />page. That is, unless a different address has been provided, however any other <br />address shall be not effective unless the same appears of record as an amendment to <br />this DOT. <br />14. Nebraska Law Govems This DOT and the Note that it secures shall be <br />govemed by Nebraska Law. <br />15. Assiqnment of Ftents: As additional securiiy, Trustor hereby assigns to <br />Beneficiary the rents of the Property, provided that Trustor shall, prior to acceleration <br />hereunder or abandonment of the Property, have the right to collect and retain such <br />rents as they become due and payable. On acceleration as provided hereunder or <br />Trustor's abandonment of the Properly, Beneficiary, in person or by agent or by a <br />judicially appointed receiver, shall be entitled to enter upon, take possession of and <br />manage the Property and collect the rents and products of the Property. All rents and <br />products collected by Beneficiary or the receiver shall be applied first to paymenfi of <br />costs of managing the Property and collection of rents and products, including, but not <br />limited to, receiver's fees, premiums on receiver's and applicant's bonds, and, if allowed <br />by law, reasonable attomey's fees, and then to sums secured by this D�T. <br />16. Trustee's Duties: Trustor acknowledges that: <br />(a) The duties and obligations of Trustee shall be determined solely by the <br />express provisions of this DOT, and the Trustee shall not be liable except <br />for the perFormance of such duties and obligations as are specifically set <br />forth herein, and no implied covenants or obligations shall be imposed <br />upon Trustee; <br />(b) fdo provision of this DOT shall require Trvstee to expend or risk Trustee's <br />own funds or otherwise incur any financial obligation in the performance of <br />any of Trustee's duties herein, or in the exercise of any of Trustee's rights <br />or powers if Trustee shall have grounds for believing that assurance of the <br />repayment of such funds is uncertain; <br />(c) Trustee may consult with counsel of Trustee's own choosing and the <br />advice of such counset shall be full and complete authorization and <br />protection in respect to any action taken or suffered by Trustee hereunder <br />in good faith and in reliance upon such advice; <br />!� <br />
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