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<br /> � Ot-08-1998 DEED OF TRUST P�4e s V
<br /> -; Loan No 626333 (Continued) 9��' ��i�,`�Q5 ��=
<br /> which Ihe Prope�ty is located;an0 I �
<br /> (d) With rospecl to W o�Ny pert of ihe Personal Property,Lendor shall have an Ihe riqhts and remedles of a Secured party under ihe +�
<br /> Nebraska Unifam Commercial Code. �-
<br /> Forecloaurs by Powe�of Ssle.u Lender elects to toreclose by exerolse of the Power o�Sale herein Contalned,Lender shall nolity Trustee and �""�
<br /> � shall deposit with Truslee IMS Oeed ol Trust and the Nota and such receipts and evidence ot expendlturus msde end secured by this Deed of _
<br /> Trust a3 Trustee may requtre. _
<br /> (a) Upon r�colpt of such noticE+Irom Lender,Trustee ahall cnuse to be recorded,publlshed end dellvered to Trustor such Notice of Defauit ! _
<br /> � 8nd NotiCe ot Sele as thanrequired by 18w and by lhis Dead of Trust. Trustee sh�ll, wlthout demand on Trustor,atler such dme as may
<br /> � then be required by law a�M affer recordation of such Not!ce of Defnult and eller Notica ot Sale havinq besn qlven as required by law,sell
<br /> the Properly at the tlme 8�0 plece ot sale fixed by It In such Notl�e of Sale,elther ss a whole,or In separate lots or percels a items aa
<br /> ! Trustae shall deem expedi�nt, and In suah order as It may determine,et publlo aucUon to the hlyhest bldder for cash In lawful money of • -
<br /> ; the Udted States payebla d the ame of saie. Trustee shal dellver to such purchaser or purchesers thereof Its pood and sufficlent deed or
<br /> deeds conveylnp the propaly so sotd,but without any covenant or w�uranty,express or Implied. The recitals In such deed of any maRe►s .�
<br /> '� a facts shali be conclusiw proof of the truthtulness thereof. Any person,IncluAnp without Ilmitatlon Trustor,Trustee,or Lender,may
<br /> pufChese et suCh Sple. � _
<br /> I (b) As may be permined bY�SW�atter deductinp all costs,fees and expenaes of hustee and of thls Trust,includlnp cosis of evtdenee of � ,�
<br /> title In connecdon with sak,Truslee shail apply the prc�ceeds oi sale to payment of (I)all sums expended under the terms of thls�eed of
<br /> ' 7rust ar under ihe terms ol Iha Note not then repald,including but not Ilmited to axrued Intersst and iate charpes, (li)all other sums then .,:aaa;,"'�'
<br /> secured hereby,and (Nq the ramalnder,M any,ta the parson or persons legalty enYded ttwreto. r` �y
<br /> (a) Trustee may in the mamer provided by law postpone sate ot ali or any porUon of the Properly. ��._.,"�"
<br /> � Remedies Not Excluelve. Truslee end Lender,and each of them,shall be entitied to enforce payment and performance o}any indebtedness __
<br /> or obligatlons secured by Ihls Deed of Trusl and to exercise all rights and powers under thls Deed of Trust,under the Note,under any of the
<br /> I R818ted Oocuments,or under eny olher agresmenl or 8ny laws now or hereatter In tace;nohvithstandinp,some or flIi of such Indebtedness
<br /> and obllgations secured by tF�ISDSetl of 7rust may now or hereatler be othervvise secured,whether by mortgage,deed of trust,pledge,Ilen,
<br /> assignment or othenvise. Neither tF�e acceptance of this Deed of Trust nor its enforcement,whether by court actlon or pursuant to the power of _
<br /> i sate or other powers coNalned in th�s Deed of Trust,shall preJudlce or in any manner attecl Trustee's or Lender's dght lo realize upon a
<br /> � entorce any other securtry nowor hazeaHer hefd by Trustee or Lender,It being agreed that Trustee and Lender,and each of them,shell be
<br /> � entltled to enfarce thls Qeed olTrust and any other securtty now or hereatter held by Lender or Trustee In such order and manner as they or
<br /> ellher of them may In thelr absaute discrellon determine. No remedy conterced upon or reserved to Trustee or Lender,Is intended to be *�
<br /> exclusive of any other remedy n th�is Deed of Trust or by law provided or permitted,but each shali be cumulative and Shan be In addl�on to
<br /> � � every other remedy glven In thlsDaed of Trust a now or hereafler exlsting at law or In equlty or by statute. Every power or remedy piven by the
<br /> , I Note or uny of the Related Oocuments to Trustee or Lender or to whkh either o�them may be otherwise entitled, may be exerclsed, _�.-
<br /> concurrentry w Independentiy,Irorn Nme to time and as often as may be deemed expedfent by Trustee or Lender, end elther of them may r N
<br /> 1 pursue Inconsistent remedes. NotNng In lhis DRed of Trust shall be cansMued as prohibltlnp Lender hom s6ekinfl a deHClency Judqment
<br /> agalnst the Trustor to the exle nlsuch actlon Is permlHed by law.
<br /> =' R�auasu der hotlC�e.�d a!7ru:.�"em.s!!ed!o th?rmret th eddee��?!=t Inrth�ln hshflrst o8tep aph of h�s Deed o�rust nd a copy of any Notice �--
<br /> � WalVer, EleCtlon of Remedieti A walver by eny psrty of a breaCh of a provlslon of thfs Deed of Trust shflll not Constitute a walver of or ,
<br /> IpreJud�e the part�s rights olMnvise to demand sMct compllance with that provlslon a any other provlsion. Electlon by Lender to pursue any �.
<br /> � remedy provided In lhis Deed d T�usl,the Note.In any Related Document,or provided by law shall not exciude pursult of any other remedy,
<br /> and an electlon to make expendlures or to take acuon to perform an obiigatlon of Trustor under thls Deed of Trust etter failure ot Truslor to »
<br /> � ' perform shall not aHect Lendersrlg hl to declare a defeull and to exercise any ot Its romedles. �;�•:.
<br /> Attorneya'Feea;Expensei. IlLender Instiiutes any sult or actlon to entace any of the terms ot this Deed of Tru3t,Lender shali be entl�ed to ''
<br /> � recover such sum as the coun may adJudpe reasonabie as ettorneys'fees at tr�al and on any appeal. Whettwr or not any court acYon Is 1%�
<br /> tnvolved,ali rea5onabie expensa f�curred by Lender wh�h in Lenders opinbn are necessary at any Hrtw for the protectlon ot its Interest a the
<br /> enforcement of its rqhts shall bocome a part of the Indebtedness psyable on demand and shall bear Interest at the Note rale from the dtte of
<br /> K expenditure untll repaid. Expensas covered by this paraqraph Inciude,without Ilmitatbn, howover subJect to any Ilmits under eppllCabN law,
<br /> Lenders atlornoys'fees whethar or rat there is a lawsult,Including aHorneys' fees tor bankruptoy proCeedlnps(InCludinp e(torts to modify or . �;�=: �;----
<br /> vacate any automatic stey or NJuncllon), eppaais and any anticlpated post—Judgment collectfon seMces,the cost ot searchinp records, _
<br /> obtalning tltie reports (In�ludf�p IoreGosure reports),surveyors'reports,appraisal fees,titte Insurance,and tees tor the Trustee,to the extent ���� ;�„�r
<br /> permlRed by applicabte law. TrvStor also will pay any courf cosis,In edditfon to all other sums prqvlded by lew. ,y�;��..
<br /> -r Rlphts of Tru�tee.Trustee s ha1 have ali of the rights and dulles of Lender as set forth in thls sectlon. '
<br /> POWERS AND OBLIGATIQNS OF TRUSTEE. The following provlsions relatfng to the powers and obligatlons of Trustee are parl of thl5 Deed O( �_..`� ���'•
<br /> •a;,:�
<br /> Trust. < a��•-�
<br /> Powera of Trustee. In addition to eil pawers of Trustee arising as a matter of law,Trustee shali have the power to take the foliowing aclion3 +.
<br /> wlth respect to the Propery upon the wrieen request of Lender and Trustor: (s)Jdn In proparinp and fiilne a map or plat of the Real PtopeAy, :� __
<br /> � Includ�ng the dedlcallon of streets or other rlghts to the publtc; (b)Jdn In grantlnp any easement or creatirp any restrictlon on the Real Properiy; ,•.�`';
<br /> and (c)Join In any subordinatbn or olher agreement aNecting this Deed of Trust or the Interest of Lender under this Deed ot 7rusl.
<br /> � Truatee. Trustee snall meet elquatillcadons required for Trusleo under appNcable law. In additir�to 1he dqhts and remadles set forth above, i�'°�`°
<br /> wlth respect to aIi or any part dihe Properly,the Trustee shaM have the riyht to foreclose by not�e end sale,and lender SheN haue the ripht to =�'�"�`�'
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<br /> breclose by Judiclal toreclosure,in eNher case In accordance with and to the full extent provided by applicabb law. '�'��'��•' �•
<br /> ! SucCessor 7rubtee. Lender,al Lander's optlon,may hom time to dme appdnt a successor Trustee to any Trustee appolnted hereunder by an r''��
<br /> J Instrumenl executed and ack rnwladged by Lender and recorded In the oftlCe of ihe recorder of HALL Counly Nebraska. The Instrumenl shall ��r ,
<br /> contain,in additfon to all olhermatlers requfred by state law,the names ol the orfglnel Lender,Trustee,and Trustor,the book and pape (ar
<br /> computer system relerence)whera Ilws Dead of Trust Is recorded,and the name and eddres.of the successor trustee,and the Instrument shell
<br /> be executed and acknowledged by all the benefiClariss under the Deed oi Trust or thelr successors In Interest. The successor trustee,without
<br /> � conveyance of the Property, stal succeed to eN lhe title,power,and dulles contarred upon the Trustee In this Deed ot Trusl and by appYCable
<br /> � law. Thls procedure for substi�YO n of trustee shali govern to the excluslon of atl othor provislons for substitutlOn.
<br /> I� NOTICES TO TRUSTOR AND OZNER PARTIES. Any notiCe under this Daed ot Trust shall be in wrltinfl,may be sent by telefac51m1ie(unless
<br /> othenvise requtred by law),and she�be eHeclive when actually dellvered,or when depos�led wilh a natlonally recognited overnlght courler,or,If
<br /> malled,shall be deemed etteclive whe�doposlted In the United States mafl Hrsl class,cerGAed or registered mell,postage prepald,directed to the
<br /> addresses shown near Ihe beginnMp of IMS Deed of Trust. Any party may change tts address tor nottces under this Deed of Trust by giving formal
<br />- � written nol�e to lhe othe�periles, speCifying that the purpose of ihe no11Ce IS to change the party's address. All Coples of notiCes of foreciosure irom
<br /> the hoider of any Ilen wNCh has p rlaily over thls Deed of Trust shaN be sent to Lender's address,8s shown near the beglnning of ihis Deod 0�Trust.
<br /> I For notice purposes,Trustor ag�eesb Fceep Lender and Trustee Informed at 811 Ilmes of Trustor'S Curtent addresS.
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<br /> .uone���urn��e nnnu�mnue r�.� wi.....�.......�e..sue..o..��o...nvicinne nro a nnr!nf thlnDwad nf TtusL• 1
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<br /> Amendment9. This Deed of Lust,logether wdh eny Related Documenls,Constitutt�s Ihe entlre understflnding and agreement of the padles es '
<br /> to ihe maflers set torth In Ihis Ue9d of 7rust. No alterallon of or IImendment to ihls Oeed of Trust shall be eHective unless glven In writing and �
<br /> Slgned by the party or paAles sought to be Cherged or bound by the alleralion or nmendment.
<br /> Annual Reports. II the Proprty is used�or purpose�other than Trustor�resldence.TrustOr shall furnish to Lender,upon request,a cerliHed
<br /> � statemenl of net operating i ncane�ece�ved Irom Ihe Prope�iy dunng Trustor's pre���iS h�ral yaar In such lorm and dolall as Lende�shall
<br /> require. "Net opera��ng mcor-ne shan mean nll cash receipts Irom ihe Property les:all cash expend�lures made in connection with the operfltion
<br /> of ihe Properly.
<br /> Appllcable Lew. This Oeed af T�uBt has been dellvered to Lender and eccepted by Lende�In the State ot NCb�aske. Thls Deed ot Tnist
<br /> , shall be governod by and c astrued In accordenCe with thr lewe of the Stete of Nebreslca.
<br />- CapUOn Headings. CapUOn headmgs in this Deed of Trust are for converxence purposo5 only and ere not to be used lo Inlerpret or define the
<br /> prows�ons ol;his Deed ol Trusi. ,
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