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<br /> � Ifll Any fallure on the pert of t�e Trustor to meet tho repayment terms in reapect to t��Loan Agroement and eny _
<br /> othor advances under this l�eec! of Trust hereby socured; end, -
<br /> (C) Any ectl�n by!he Trustor prohiblted by tho terms of the Loen Agreoment or thie Deed of Truat or any fnilure of .
<br /> the Truetor to ect ae requlrod by tho Loan Agreement or thls Deod of Truat,ench of which Trustor hereby egrees
<br /> have an sdverae affect on the Bano4lclary's cocurity for thn Nna of arAdit estebliehed and tha rl�hts of the •.
<br /> Benoficlery in uucli security.
<br /> and upon the happoning of any such event of default, Bene9(clary may d�clere all sums secured hareby immedletely •
<br /> due and peyebie by deliver to Truetee of written declaration of defeult. The Trustee shall heve the power of sale of
<br /> the Praperty, and if Beneficiery desiras the Property to be sold,It shall deposit with Trustee this Deed of Trust and all
<br /> promissory notes 9nd documentsevidencing expondituro�secured hereby end shall deliver to Trustee a written notice
<br /> '� of default and electlon to cause the Property to be sold, end the Trustee In turn shall prepare a notice in the form
<br /> required by law,which chall be duty filed for record by Trustee. �
<br /> � (A) After the lapse of such time$s may bo reqylred by law following the recordetion of seid notice of default, end , _;. ..
<br /> � notice of default and notice of sele having been given as requlred by law,Trustea, without demand on Trustor, ��h���'^°�°�"
<br /> � � shall sell the Property on the date end at the time and plece desl8nated In said notice of sale,et pubtic auction to : � _ #,,�_,-
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<br /> the highest bidder,the purchase price payable In lawful money of the Un(tecl Stetes et the time of sale. The �•��-�__,_
<br /> person conducting the sale may,for any cause he deems expediant, postpone 4i�e sale from time to timo untU it
<br /> �s shall be compietad and,In every sucn case, notice ot postponement shell be given by public declaration thereof __ _
<br /> by such person at the time and place last appointed for the seie,provfdad,if the sele fs postponed for longer than 'g --;-- +
<br /> ' oneil)day beyond the day designated in the notice of sate, notice thereof shall be given in the same manner as _:.�;���: '
<br /> . tha original notice of sale. Trustee shell execute and deliver to the purchaser Its Deed conveying the Property so =_ -
<br /> sold, but without andy covenant or werranty, express or implied. The recitals in the deed of any mettars or acts .,���____
<br /> � shell be conclusive proof of the truthfulness thereof. Any peraon,including Beneficiary, may purchase at the sale. L.;�'
<br /> (B) When Trustoe sells pursua�tto the powers herein, the Trustee shall apply the proceeds of the sale to peyment `;;;� .._
<br /> �:; of the costs and expenaea ofexercising the power of sale end of the sale, including the payment of the Trustee's ; . �;. ;; .,-,
<br /> ' fees actually incurred, whichTrustee's fees shell not In the eggregate exceed the following amount besed upon w.;•r,?: ';
<br /> �. the emount secured horeby and remafn(r�g unpald; 6 percentum on the first S1,000 thoreof, 1 percentum on the ;�s;}{.' ' �.
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<br /> � 'i balance thereot entl then to tne itams in suoparngrapi�i�l����r�tl vit�oi iii2To oia`a^�. — �"t
<br /> (Cl After paying the Items speaifled in subperagreph(B) if the sale is by Trustee, or thA proper court and other cost3 w• f.� �
<br /> of foreclosure and sale ff the sele is pursuent to judicial foreclosure,the procoeds of sele shall be applfed in the order
<br /> stated to the payment of: �
<br /> �� (1) Coat of any evidence of title procured In connectwn with such eale and of any rev9nue �temps; �'� �
<br /> � (111 All sums the securrsd hereby;
<br /> ;, (1111 The remefnder, if any,to the person legelly entitled thereto. , ;:
<br /> ' s�� 13. Duties and Obligatfona of Trusteea. (a) The dutles end obligetions of trustee shail be determined solely bb -
<br /> ���� the express provision�nf thls Deed of Truat,nnd Truatee shall not be Iieble except for the performanco of such duties
<br /> • �ci� and obligetions es ore speclilaally sot forth herein, And no implied covenants or obligatfona sheli be imposed upon � ,
<br /> Trustee; (b) No provislons of this Deed of Trust shall require Truatee to expand or risk its own funds, or otNerw(ae
<br /> incur any f(nenclal obllgation in the performence of eny of its dutles hereunder, or in the exercise of eny of ito rights ��-
<br /> or power,if it shell have groundsfor bolleving thet the repeyment of such funds or adequete Indemnfty egelnst such �'�
<br /> `' risk or•liabilfty is not reasonabiy esauro�t�ft;lc1 Trustdo may ccruult with couneo!of ft�own choosing nnd tha advice —
<br /> � i�.;. of such counsel shall be full and complete authorization and protection in the respect of eny ection taken or sufferod =--
<br /> by(t hereunder in goad feith and reliance thereon;(d) Trustee ahall not be Ilable for any ectfon teken by It tn good faith
<br /> � end reasonably belloved by it to be euthorized or wlthin the dlecretion or rights and powers conferred upon It by this ��
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<br /> Deed of Trust. ��
<br /> ' 14. Additionel Seour9ty Inatrumenta. Trustor, et its expense, wlll execute and detiver to the�rustee, promptly �;`^�__.�
<br /> �- ., � �� �-_��_
<br /> upon demend,such security Instruments as may be required by Trustee,in form and substence satisfactory to Trustee,
<br /> !�'•t'� covering any of the Property conveyed by this Deed of Trust,which sacurity Instruments ahnll be additionel securl4y
<br /> A � � - 3r` for Trustor's 4aithful performance of all of the terms, covenents end conditions of this Deed of Trust, ti�e Loan
<br /> -� Agreement, any promisaory notos secured hereby end any other sacurity Listruments executed in connection with this •"����'`�
<br /> � trensaction. Such instruments shatl be recorded or fited, and re-recorded and refiled, et Trustor's expenso. �:;��s^,;;, 'r� -�
<br /> 'if'. Y�� '�.'1��.���.
<br /> 15. MiscellAneoue. �.�r'��'��`}..,...�`��s'
<br /> (A) In the event any one or more of the provisions contalned in the Deed of 7rust, or the Loan Agreement or a�y �'�:�=}:+:�ak���-
<br />- promissory note, or any other security instrument given in eonnoction with th(s transection, shall for any reason `" �''."=d:.'',
<br /> to be held to be invelid,illegal nr unenforceable in any respact, such invalidity, illegality or unenforceability shall, � �-3�� � ' '�:'�� =
<br /> et the optlon of Beneficiary,not affact any other provision of this Deed of Trust,that ihis Deed of Trust shell be Y��`; :.' ��
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<br /> construed ae if such invalid,illegal ar unsnforceablo provision had never boen contained herefn or therefn. � � ,,., � .
<br /> , (B) This Oeed of Trust shall be construed according to the laws of the Stete of Nebraska. :
<br /> (C) the Deed of Trust shall Insuro ta and bind the heirs,legatees,devisees,administrators,executors,successors end , .,
<br /> � assigns of the perties hereto. ;,:��
<br /> (U) Trustor shell pay all texes levied upon this Deed of Trust or the debt secured hereby,together with any othor taxos
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<br /> Of f1358S6(11(311t6 W�IICI'i 70�/DB i8V10G Fi��lilat tno t runtnc 07 is010TiGi.'�iy ar tna�a�a� nowctr Ot �nv ww�nyTvo7�oi�i — '-
<br /> ' . on account of the fndebtednesa evidance thereby. �
<br /> (E) Whenever used herefn,the singular number ahell Include the plural,the plural,the singular, tho uso of any gender _ ,
<br /> ' shatt be applicable tn all genders, �nd the torm "Beneflclary" shall includo eny poyee of the indebtedness hereby
<br /> secured or any transfvr theraof,whethor by operation of law or otherwise. ,
<br />� 16. Succasaor Truatee. Baneficiary mey from tfine to timd substitute o successor ar successors to eny Trustee �
<br />- named herefn or acting hereunder to exocute this 7rust Deed. Upon such appointment and without conveyence to
<br /> the successor Trustee, the letter shell bo vested with all titlo, powers and dutfes conferred upon eny Trustee herain
<br /> nemed or ecting hereunder. Each such appofntmont or substitution shell be made by written instrurrtont by Beneficiery,
<br /> , contalning reference to this Deod of Trust end Ita piace of record, which when recorded in the office of the Register
<br /> of Deeds of the county or counties in which seld property fs situated, shall be conclusive proof of proper eppointment
<br /> � of the successor Trustee. The toregofng power of substftution and the procedure"�erefonp���tfll not be exclusive of
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