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<br /> ' ' 2.0498 � � File No. 95e � --
<br /> .,.. �;: � g8� _
<br /> . . �c��,�
<br /> _ ;� (k) if any of the eventFS 1n (d), (e) or� (P) shall occur witkz ,
<br /> respect to any guarantor of t2�se Prominaory Note. -
<br /> ;.'+�'�;"}{� Section 5.02. ��dia+a� 1or�a�oa�;r� or Trust���a Sal� o D�fault. r.�
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<br /> :'�� . (a) Upon the occurrence of one or more Eventa of Default or ;---
<br /> default by Truator in thQ perfoxmance o£ any other agreement hereunder, or f=,_
<br />. Q under any instrument or agreement secured hereby, BQneficiazy may declare �`�'
<br /> ;,• all suma secured hereby immediately due and payable and, at the option of =T-_
<br /> . the Beneficiary, thia Deed af Truat may be forecloaed in the manner �"--
<br />* � provided by law for the foreclosure of mortgages on real prop�rty; or
<br />- Mortgaged Property may be aold in the manner provi.ded in tYie Nebraska
<br /> Truat Deede Act under the power of aale conferred upon the Trustee
<br /> • 'n .
<br />- • . hereunder.
<br />- (b) In tha event that the Mortgaged Property ia sold pursuant to �
<br /> . ,. ~ the power of eale conferred upon the Truatee hereunder, the Truatee shall —
<br /> � cause to be filed of record a written notice of default and electi�n to �
<br /> �� eell the Mortgaged Property. After the lapse o£ auch time as Y.hen may be -
<br /> required by law following racordation of such notice oE d�fault, and
<br /> . ' notice of sale having been given as then required by law, Truetee, without
<br />' demand on Truator, ahall sell the Mortgaged Property, either as a whole or __
<br /> . ' ' in separate parcels, and in auch order as it or Beneficiary may determine _
<br /> �"" � at public auction to the higheat bidder. Truetee may poatpone the sale o£
<br />;� •. , all ox any portion of the Mortgaged Property by public announcemen.t at the _
<br />_L�__ __' � time and place of sale, and from �ime to time thereafter may poetpone the
<br /> r- � sale by public announcement at ttie time and place iiixe3 hy ths ps8:,�d:r.g
<br /> r:_., .
<br /> - poatpanement. Trustee ahall deliver to auch purchaser ita deed conveying
<br />'." � the property ad aold, but without any covenant or warranty, expreas or _
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<br />�";'�'� implied. The recital in aucYi deed of any mattera of fact or otherwise
<br /> rk + ahall be conclueive proof of the truthfulnesa thereof. Any pereon,
<br />.s.':��.; � including Truator, Trustee or Beneficiary, may purchase at sucki sale. The
<br />�;..;1 ' _� i ;�� Truetee shall apply the proceeds of the Trustee�s sale, firot, to the
<br />=�;�. � coats and expensea of exerc3.aing the power of sale and of the sale,
<br />-`�> • • including the payment of Trustee' a feea actually incurred, not to exceed
<br />'y� ' ' � five percent of the principal balance unpaid at the time of recording the
<br />��:r�,t no*.ice of default, second, to the payment of the obligation aecured by
<br /> '-- .: ��'~�'�"� this truat deed, third, to the payment of junior trust deeds, mortgagaa or
<br />_�.,,.,,5-- ��..:+r other liena, and the balance, if any, to the person or persona legally
<br />- +•��-�t^•• entizled thereto. -'-
<br /> - (c) Truatoz agreea, for itself and any and all persons or concems -
<br /> -=�' claiming by, through or under Trustor, that if it, or any one or more of
<br /> - � � them, ahall hold possession o f t2-ae above described property, or any part -
<br /> '`�'.. .�J_ thereof, subsequent to foreclosure hereunder, it, or the parties eo
<br />--•�' � ; �'. halding poasession, ahall become, and be considered as, tenants at will of
<br /> . ' . . the purchaser or purchasers at auch £orecloaurs eale; and any euch tenant _
<br /> fai].ing or reEuaing to surrender posaession upon detnand ehall be guilty of
<br /> forcible detainer and ahall b� liable to such purchaeer or purchasers for
<br /> reasonable rental of the Real Estate, and shall be aubject to eviction and
<br />� removal, forcible or otherwise, with or without proceas of law, artd all �i:
<br /> damagee which may be sustained by any auch tenant as a result thereof �'_
<br /> being hereby expressly waived.
<br /> Section 5.03. ApDOintment of Reeeiver. If an Event of Default ahall have
<br /> otcurred, Beneficiary, as a matter of right and wiChout notice to Truator or
<br /> anyone claiming under Trustor, and without regard to the then value of tY►e
<br /> Mortgaged Property or the interest of Truator therein, ahall have the rigYit to
<br /> - I app.ly to any court having jurisdiction �o appoint a receiver or receivers of the
<br /> 1 Mortgaged Property and Truator hereby irrevocably conaents to such appaintment
<br /> - � and wai.ves notice of any application tt-ieretor. Any aucn rc=ceiver c�� LCCCiver� �- '
<br /> , shall have all the usual powers and dutiea of receivera in like or similar cases . �
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<br /> � Section 5.0�. �temedies Noti Excluaive. seneficiary shall be entitl�d to I
<br /> enforce payment and performance of any Secured Obligations hereby and to exercise
<br /> i all rights and powers under this Deed of Trust or under any Loan Document�, ar �
<br /> � the provisions of the Nebraflka Trust Deeds Act, as now enacCed or �ub�equ�ntly I
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