|
�:a •
<br /> :,:� ,
<br /> . , .. •,..•.,..
<br /> . a Y +��i�...uwuMfRM . .. . . ... . .. ' .�.
<br /> �^ .
<br /> � } .b{I/'��•
<br /> .. ,.. .��i�i..��_
<br /> This Trust Doed will bn duo}�pril O7.2018 ,or upon the paymont in tull of all suma securedhereby. ��� ����A M1�1 �
<br /> LIV �
<br /> I Truetarlel horoby warrnnta that Truetor(sl holds fee simple titio to the above doscnbed proporty,that Trustorlsl hoe good end lewful authority to
<br /> ; daod ond nncumbar the same, that tho proporty fe tree and clear ot oll lions and encumbroncos, excopt oncumbrancas ot rocord, und thot :
<br /> Truatorlal wdl warront nnd dofand th� proporty, at Trustor(sl exponae, agoinat all cleimants whomaoevor. Trustor(sl also hereby waives and ;
<br /> � relfnqulehos all riphte of dower,homostoad,diatributive ahero,and oxemptlon in ond to the obove doscrlbed prop�r[y. i
<br /> i
<br /> � Trustotl�)�nd nch of th�m furth�r cov�n�nta�nd�yn�s with B�n�flabry n totlaw�: i
<br /> i
<br /> ' 1. Tq pay oll liona,Judgmants, or othor osaeasments agafnst the property,and to poy when due all assa�aments,taxea,rents,fees,or charges -
<br /> ' upon tho proporty�r undo�any leneo, permit, licnnse, or privilege nsaigned to Benuticiary as ndditional aecurity to thie Trust Oeed, includinp j
<br /> � thoso fn or on publlc damein. `
<br /> � � 2, To insura ond koop insured bulldings and other improvements including fixtures end attachmenta now on or hereafter placed on tha property I
<br /> " , to the aetiafactlon of Benotfelary. Such insurance will be approved by and depoeited with Beneficfary, a�d ondorsed with loea peyabie cleuse to
<br /> ' �i Beneficfery. Any sums so recefved by Beneficiary may be uaed to pay for roconatructfon of the deatroyed Improvements or if not so applled mey „
<br /> bo applied,at the option of Beneficiary,in payment ol any indebtednees matured or unmatured secured by thia Trust Doed. `
<br /> I �. �
<br /> � 3, To keep all bufldings,fixturea,attachmenta,and other Improvements now on or hereafter placed on lhe praperty occupfed and in poqd rapair,
<br /> maintenence,and condition and to neither commit nor permit any acts of waste or any impairmont of the value of the property. Beneficiary mey .y:;�`l
<br /> � enter upon the property to inspect the same or to perform any acts euthorized herein or in the loan egreemontls)• _ _- -
<br /> �� 4. In the nvent Trustorls) fails to pey any Iiens, judgments, essessmonts, taxes, renta, feea, or cherges or maintein any insurance on the
<br /> property.buildings.fixturea,attachments,or improvemente as providod herein or in the loan agreementlsl, 8eneticlary,at its option,may make
<br /> such paymenta or provide Insuronce, mefntenance, or repaira and nny amounta paid therAfor will become part of the principal indebtednesa _
<br /> secured hereby,be Immodlatety due and peyabie and bear interest et the defauit rate provided in the notels)�rom the date of peyment until paid. ,`�
<br /> �� The advencement by Beneficiary of any auch amounto will in no menner limit the right of Beneficiery to declare Trustorls)in defauit or oxercise �..,� ._
<br /> � eny o(Ben�flr,iary's other righta and remediea. __
<br /> �I 6. In the event Beneficiary is a party to any Iltigatfon affecting the property or the Iien of thia Trust Deed, includtng any action by Beneffciery to �� •�.
<br /> Si enforce thia Truet Deed or any auit in which Beneficlary is named e defendant(including condemnation end benkruptcy proceedi�aisal feesicand "j�'�""
<br /> ; �-,�,`,
<br /> may incur expensea and advance payments for abstract tees,ettorneys fees Ito the extent aliowed by law),costs,expenses,app .,;..;,
<br /> � other chargea and any amounta so edvanced will become pan of the principal indebtedness secured hereby,be immediately due and payahle and :
<br /> bear interest at the default rate provided in the notelsl from the date of advance untll psid. �'�;±:�
<br /> 6. Any ewarda made to Trustorls)or their succossore by the exercise of eminent domain are hereby assigned to Beneficfary;and Beneficiary is
<br /> '�, hereby authorized to collect and apply the seme in payment ot any inde6tedness,mature or unmetured,seaured by this Truat Deed. :''�•�",,�,
<br /> 7. In the event Trustor(s) defaulta in the payment when due of nny surns secured hereby (prfncipel, interest, advancementa, or protective ;.;p�:�-.
<br /> ' �.
<br /> advancesl, or feiia to perform or obaerve any covenants and conditions conteined herefn, in the notelsl, laan egreemont(sl, a� any other t �
<br /> "�'' instrumente,or any proceedings is brought by or against Trustorlsl under any Bankruptcy laws,Benoficfary,at ita option,mey declere the ontire �''�=
<br /> indebtedneas secured hereby to be immediately due and peyable and the whole wfll bear intereat at the default rate as providod in the notelsl `.'�` :� 1k;—
<br /> _- 9n� �nwfieinry may immediatelv authorize Truatee to exercise the Power of Sale granted herein fn tha manner provided In the Nebraeke Truat ;;,` ,;,_a:
<br /> Dseds Act,or,et the option of ths Beneffciery,may foreciose the 1 rust ueea in che mannar pruvide�i b'r iar:far tha lcrecla9urs�f inert�?gwa nn a�_� ��•
<br /> real property, �nciuding the appolntment of a Receiver upon ex perte apptication,notice being hereby expreasiy waived, without regard to the ��_�,
<br /> value of the property or the sufficientiy thereof to discharge the indebtedness secured hereby or in tF�e ban agreomentlsl. Delay by Beneitc(ary ;���
<br /> in exercising its righte upon default will not be construed as a weiver thereof and eny act of Beneficiarywaiving eny apecified defeult wlll not be "u',
<br /> construed as a walver of any future defauit. if tho proceeds under such sale or foreclosure are msufficlent to pay the total Indebtednesa secured
<br /> � hereby,Truator(sl do hereby agree to be peraonaily bound to pay the unpeid belance,and 8eneficiary wiN be entitled to a deficiency judgment. '� �=
<br /> 2��,�::
<br /> - 8. Shouid Beneficiary eleet to exercise the Power of Saie granted herein, Beneficiary wfll notify Trustee who wfll rer,ord,publieh,and deliver to ,��,
<br /> � Trustorls)ei�ch Notice of Default and Notice of Sale as then required by lew end will in the mannor provided by lew,aell the property at the tlme
<br /> and place of sale fixed in the Notice of Sale, either as a whole or in aeparate lota, parcels, or items and in such order ea Trustea will deem
<br /> � expedient. Any person mey bid at the saie including Trustorlsl,Trustee,or Beneficiary.
<br /> � 9. Trustorls) horeby requests a copy of any Notice of Default or Notice of Sele hereunder to be rnaied by cenified mail to Truatorls)at the -_-- —
<br /> ' addresslesl aet forth herein. __
<br /> 10. Upon default,Beneficiary,either in person or by agent,with or without bringing any action or praeeding and with or without ragard to the _
<br /> value of the property or the sufficiency thereof to discherge the indebtedneas secured hereby,is authodzed and entitled to enter upan and take �._
<br /> poasess(on of the property in Its own name or in the name of the Trustee and do any acts or expend eny aums it deems neceseary or deairable f.
<br /> !� to protect ar preserve the velue of the property or any interest tharein,ar increase the income therefrom; and with or without taking poasesafon
<br /> � oi the property is authorized to sue for or otherwise coliect the rents,iesues, crops, profits,end income thereof, fncluding those pest due an� ___.
<br /> � unpald,end apply the same upon any indebtednesa aecured hereby or in the loan agreementle). :�
<br /> �_.
<br /> � No remedy herein conferred upon or roserved to Trustee or Beneficiary is intended to be exclusive o(anY other remedy herein or by law '��'. �
<br /> providod ar permitted,but each will be cumuiative,will be in eddition to every other romedy given hereunder or nuw or heroaftor oxisting et law _--- -
<br /> or In equity or by statute,and may be exercised concurrently,independently or succeseively. ,
<br /> - nAMigi�Aa; ._--
<br /> 11. Trustorls! acknowledges that the duties end obligations of Trustee will be determfned solely by the express provisiona of this Truat Deed or --
<br /> the NebruskA Trust Deads Act and Trustoe will not be liable oxcept for the parformance of such dutles ond obllgntlons as ere apeclflcally eot ..=��2., :'
<br /> forth thorein, and no implied covenants or obllgations will be imposed upon Truatee;Truatee wlll not be Iieble for any actlon by It In pood ieith y�;'�" '
<br /> and raasonebly believod by it to be authorized or within tho discretion or rights of powera conforred upon it by thla Trust Deed or atate lew. •� � '�c.
<br /> � .
<br /> 12. The Intogrity and responsibility of 7ruatorlsl constitutos a pert ot the conslderation for the obligetions socured heteby. Should Trustor18) '
<br /> <��o�.'��i
<br /> soll,tranater, or convey the property described hereln, withnut prfor wrltten consont of Beneficiery,Beneficiary, at ite option, may declare the ; �i��• '
<br /> ontire indebtedness immedlately due and payable and may proceed in the anforcomont of ita rights ns on any other defuult. .r_-.�_.;. .�_._
<br /> 13. Assignment of Rents including Proceeds of Mlneral Loasos. Trustorls) hereby assigns, transtere, end conveys to Beneficiury all rents,
<br /> royalties, bonuses, and delay moneys or othor proceoda that may from tlme to time become due and payable under eny real estate lease or
<br /> • under any oll, gas,grnvol, rock,or other mineral lease of any kind including gaothermal rosourcos now existing or that may hereafter come fnto
<br /> oxistence,covering the proporty or any part thereof. All such sums so recaived by Benoficiary wal be applied to tho indebtodness sacurod
<br />� hereby; or Beneficiary, ot its option, may turn over and dellvor to Trustorlsl or thefr successors i��terest, eny or all of such sums without
<br />— prejudice to any of Beneficfary's rights to take and retnln future sums, and without praJudice to any of its other nghts under thie Trust Deed.
<br />" Thfs essignment will bo construed to bo a provision for the payment or reduction ot the debt,subject to the Benoticfary's option us horefnbefore
<br /> provided,indopendent of the lien on tho proporty Upon payrnent in full of the debt end the reconveyance of this Truat Deed ot record,this
<br /> assignmant will bocomo inoperative and of no further forco and affect. �
<br /> ,.. r�:.,r......n....a.....,e•:..�ma A caruriw Aornnmant wrth respect to all tho property described horefn.
<br /> �....
<br /> ., .�. ...... ......._.._.._...._.._-•-- - . _ � . .— ---._-.-
<br />- � 16. The covanants contained in this Trust Deed will bo daemQd to be sevorable; in the event thet ony portion of this Trust Deod is dotorminod j
<br />- � to be void or unoniorr,eable,that determination wdl not nffect thu validrty o(the remaining portions of Ihr� Trust Qod. I
<br />_ ' ' � _ � ���.� � �
<br /> I S •PH N L RAINFORTH JAN T RAINFOflTH
<br /> �
<br />_ INOIVIDUAL BORROWER ACKNOWLEDGMENT
<br />, � r
<br />- Ap Jl:00121500; Prlmary Cuatomer ID N:00063802; CIF N:38186 Legal DoC.Date:Fabruary06,1998 PaflQ 2 !
<br /> FCSM 5011 Trust DuuJ nnd Assignment of Rents
<br />
|