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<br /> 4 . . , ; � 5. TRpNSFER OF THE PROP�ITY:AS3UMPTION.f!el!or arry part of the property or interest ffierein is soid.transterted cr
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<br /> . � � othervnse eorrveYed bY Trwtor withaut Benefidary's pdor wrdten oonsent excluding {aj the creation of e Gen ot eneumbranee . -- ,. `�. �._
<br /> F � ` S � subordmate to thb Oeed of Trust.{bj tl�e creatio�of a purehase money seeurity mterest t or house ho t d apprianoes.(��a trens�e�bY -' .,
<br /> - de�nse.deseent or Cy operaton ot Iaw�pon tfie death of a jou�t tenart or(d)the grant of eny leasehotd interest of three years or tess c.� _ ..`.�,- `c .
<br /> _ �`•, , ` ,r not wntaining an option tm purehase.such action is a breach of thia agreement end Beneficiary rrtay.at Benefisiary's option.deeL�re t'._- ".'c--,�>'
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<br /> ell 8�e sums seeuted by this Deed ot Ttust to be'anmedietety due and payable.or cause the bustee to file a notioe of detauh. ,t,
<br /> ' Beneficiary sha0 have wnived sueh option to asoelerats if,prior to the sale.transfet of comreYanee.Benefiaary and the parson to . ,,:
<br /> � •, ` , whom the property s to ba so t d or tr a n s[e r r e d r e a e h a g r e emerrt in w�n g that the aedR of such person is sa6sfadory tu Benefiaary �'.'„`..,. `
<br /> . and that the mterest payabie on the sums seeured by this Oeed of Trust sheU be a!such ra[e es Benefidary she0:aquesL � . ` '. c':`�
<br /> • errt ar to per(orm any of � . . ��.
<br /> �• � � 6. ACCELERAT[ON UPON DEFAULT:REMEDIES;SALE.The failura by the Trustor to make eny paYm , , ,
<br /> , ' . �. the terms and oonditions of the Nate.cr any renewafs.madif�cations or extenaions thereol.or ths paymeM ot eery other indebtedness _� ;=4.
<br /> . _.� seeured hereb y or m the pertormance of e►iy of the eovenartts or agreemerds hereunder sha11 be a 6raaeh of this agreement and the . `.r- < . - :
<br /> BeneTuaary maY deetare a deiault and may dedare alt sums seared hereby imm e di�e l y due as�d p a y a b l e and the same shell
<br /> -, --- --;-' thereupen become due and payabte vvAl+out preserds�anL damand.Pra�esi or nvhoe of any land Thereat�er.Beneficiary may deliver � -_ —��_"s•, •_ -
<br /> to TNStee a written dedaratian o f d a l a u ft en d de m a n d T o r s a t e.Tnutor a grees artd hereby graMs tfiat the TrusDee shalt have the `� .:';::;.'(�.,r�"
<br /> . . . . - power af sate ot the Properly and i!BenefisracY deades ffie Propedy is to be sold'R sfiaD dePosd with Trustee this LTeed af Trust and � , y r r.�
<br /> ' •�t- �" the Note ar notes end anY other documents evidendng expenditures seuned hereby,and shall defiver to Trustee a vmtten ea�e of �
<br /> - �. • default and eteetion to eause tho PropeRy to be sadd.and Trustee.in tum.shall prepere a similar noace in the Torm required by taw. l��r _ .
<br />- - - whichshall6edufyfitedforreeord6yTrustea .:: • ' � � �. �•
<br /> -- ---- T� (a) After the Iapse ot such time as may be required by law iollowing the reeotdatinn ot NoUce of Defaul�.end{Yotiea of DsfauS '�-F:--;:-:-, .
<br /> ` end Notica of Se1e having been given as requUed 6y law.Ttustee,without demand on Tnistor,shaU selt the Property in one y•..,.:,�.
<br /> �? � or mare parcels and in such order as T�r mE�Y determine on the date end the time and p!aee designated in said Notice � ; •;<4 v�-.==_
<br /> � ;� of Sale,at pub6c aucLon to the highest bidder,the purchase priee payabta in cash in IawWl money of ffie enUee S�tatoso � .' . , ,_,.. ' '
<br /> � < ths time M sate.The person eonduedng the sete may.to►erry eause he or she deems expedient,postpo �,S.�,�:�
<br /> ' ' Ume to tmie unUl it eAall be eompteted and,in every sueh case,noUCe�t p o s t ponement shall be given by pubGc Qedar�on _ _ _��
<br /> � ;�� thereo}Gy sueh persan et the Ume and plaw last appointed tot the sete:prov�ded dthe eafe is postponed forionger than . . _
<br /> one (t)Qay beyond the day designated m the NoUee ot Sate.eorice thereof shall be gwen m the same manner as the • . ,�:
<br /> � ong�rtal Notie9 of Sate.Trustee shall execute and dehver to the purchaser Rs Osed oonveying the Proyerty so sold,but . '� ��.
<br /> � Wrthcut any eoven�nt or vnuranty.exDress.m�mplied.Th0 reeRals m the Oeed of any mannera or taets shaU be eonelusn� : �_.—
<br /> • . t proot of the truthtuMesa thereot.Any person,indudmg without lunrterion Beneflaary or Trustee,may purohase st the se!e. ; : '��.
<br /> .. the proeeeda of the sate to paymeirt of the eosts ... ...; _-...
<br /> - • - (b) When Trusteo seRa pursuant to the powera hetein.Truste9 shatl appy ent of Trustee's Fees - �' `
<br /> .� �, ond expenses a1 exerds�ng tl�e power of sale and of the sate.indudmg.without limiteWon.the paym � ; �' -,�.�;��
<br /> • ,'? mcurted,whidi Trustee's Feea sha11 not in the aggregate exeeed ffie tollowing amaurtts based upon the emo�mt secured .,''.;; •.:-� �,�
<br /> �•)' hereby and remairsmg unpe�d:5 percentum on tt+e balanee thereot Bn0 then to the items in aubparagraPh(e)in the order , ' �~,�:==`
<br /> - • ther9 eteted. .� �-�`''
<br /> � ra �f the sele is b Trustee.or ffie proper court and other eosts of �`��"'�`���`
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<br /> , ' � � (c) After paying lhe items speafied'm subperag Ph(b?• � Y ,;:.__ ; „
<br /> foredosure and sale if the sate is pureu a n t to ju di c i a l f o re d o s u re,t h e p r o e e e d s o f s e t e s h e D b e a p p l i e d i�t h e order stated , x�,`.
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<br /> ��'' below to the payment ot _ -
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<br /> (1)Aaomeys lees and cos�ot ooltection: :ii:��::�?
<br /> � � (2)Cost o1 any evidence ot tit(e procured in eonnedion wRh such se�e and of any revenue required to 6e paid; � , :;.J3,��,�,
<br /> -. (3)/W obfigations secuted by tfiis Trust deed: '�'�`
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<br /> ' . (4)The remainder,d any.to the person lagally entitled thereto. ..�` `f S�:•+;_�`.
<br /> 7. ADDITIONAL SECURITY INSTRUMEMS.Trustor,at ds expense,will execute and defiver w the Benefidary,prompty upon �.'��`��,�-
<br /> demand,sueh securiyt instruments as may 6e required by Benefieiary.in torm and sub.,�tanee s�sfactory te Benefieiary.wvering
<br /> any of the P�operty conveyed by Usis Deed of Trust,which security instruments sha11 be additiunal securily for Trustor's faithful ;�`
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<br /> , � � �- pedormance o1 ell the terms,covenents and eondi�ons of thb Deed of Ttust,the ptomtssory notes sewred hereby,and ar►y other :; , �-
<br /> seeuriry instruments executed in eonnection w:th this hansaction.Such Inswmants shall be recorded or fited at Trustota expense. .,:,r�.:-
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<br /> � '� 8. APP0INTMEM OF SUCCES30A TRUSTEE. Benefieiary may,irom time to time,by a written instrumerrt executed and . �:'�h`'_._.
<br /> ' • � - acknowtedged by Benefieiary.mmled to Trustor end recorded in the county or wunties in whieh the PropeRy is laeate0 and by . .;.�;_..,
<br /> � otherwise compy�ng wrth the prov�s�ons of the appGcable laws ot the State of IVebraska subsutute a suceessor or successora to the ::.,��
<br /> - . ' Trostee named herein or aeting hareundeu � r!' ''-—-
<br /> � �; 9. INSPECTION9.Benefinary.or its agenb.representatives or workmen.are authorized to errter at any reasonabte Ume upon , , ��:i.�:,
<br /> . 1 cr m any paR o}the Properly for the purpose of msDeding the same and for the puryosv o1 performing a�r of tha sGS R is authorized • :�• �_ r�._
<br /> � .' � 1 - to pefiorm underthe terms of the Deed of Trusi � �
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<br /> � ' 10. OPTION TO FORECLOS£.Upon the oecurrence of any breaeh and upon the deefaratian of deffiuft hereunder,Benefierary .
<br /> shall have the option to toreelose this Oeed of Trust in the manner prov�ded by law for the toreclasure of mortgageri on rea!propeRy. . �
<br /> . �.� tt. FOREBEAFiANCE BY BENEFlCIARY OR TRUSTEE NOT A WAIVER. Any forebearanee by BeneFciary or Trustee in . ,�
<br /> exereising any r�ght or remedy hereunder,or otharvulse eftorQed by appheable law,ahall nat be a waiver o1 or preelude the exercise
<br /> � i• of any sucl�n8ht or remedy hereunder.Likevmse,the waivet by Beneficlary or Trustee ot any Cefault of Trustot under thia Oeed ot . ,�,
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<br /> .. . ',� Trusf shatl not be deemed to be e warver of any othet or simdar defau(ts eubaequently occurting. .
<br /> _ � 12. TRU9TOR NOT RELEASED.Extension of the time tor payment or modification or emoRrctdiQn of the eums secu►ed by thia
<br /> Deed of Trust grented by Benet�eiary to any sueee�,sor in mterest ot Trustor shull not oparate to release.,in atry manner,the liabdity o1
<br /> - ' � the onginal Trustor and Trustor'a sueeessor m mteresG Beneficiary shall not be required to wmmencs proceedings against such
<br /> successor or reluse to extend time tor payment or otherwlse modAy amortization ot the aums seeured by thls Deed ot Trust by
<br /> • reason o}any deme►nd made by the ongmal Trustor and TrustoPa successors in interesi �� . ;
<br /> � 13. BENEFlCIARY'S POWERS.Wrthout aNeWng or releasing the liabdity of the Trustor or any other person Ilable for the ' .
<br /> ' payment of any obUgation herem men6oned,and wAhout aNecting tne lien or charge o!this Oeed of Trust upon eny portion of the
<br /> � .� Praperty not then or theretofore releasod as aecunly tor the tull amouM of nll unpeid obhgutions.Benefieinry may,from time to time .
<br /> r�nd wdhout nohee at the request of one or more Trustore(i)release any person so 6a0te,(n)extend or renew the maturity or alter ony
<br /> ? of the terms of any aueh obligaLOna.(d�)grort othe►lndulgences.(nq release or reconvey,or cause to be reteaeod or reconveyed at
<br /> 3 any time ot 8enef�ciary'e options any parcel.poA�on ot all of the PropoAy.(H tske or retease any other or addrtional seaurRy for any _
<br /> . � abl�gat�on herein mentioned. (vi)mako eompos�Gons or other orrt�ngements wrth debtora�n retation thereto.All Trustora sht�ll be .
<br /> , � �ointly and severttlly obfigated esnd bound by the adions o}the 8eneflc�ary or any trustor as herein stt+ted.
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<br /> .1; 14. A7"fORNiEY FEES.COSTS AND EXPENSES.tf the Beneticiary of thia Daed of Trust is a bank as defined 6y Nebroska It�w. ,
<br /> any stAlement contmned�n any other sect�an of this deed notwAhstandmg,the Benefic�ary ahall not be entRled to rece�va or take and
<br /> • debtor ahatl not be ob6gated to pay or groe:any contess�on o}{udgment,powet of uttorney to confeas�udgment.powor o1 nttorney to
<br /> " appear for a borrower m a�udicu�f pra�eedmg or agreement to pay the costo 01 eollection or fhe attorneys'tees,un►ess the interest
<br /> payable by the terms ot the Note referred to m thi9 deed is 16%per nnnum or less,ot the note raferrod to in this deed�s repayabte m ,
<br /> • � ' j two or moro equal or unequal mstallmonts end over a penod of more than one h P ov ded 1uAher i at this Paru moh 814 ahalel eot
<br /> -- .� � thnt thie section does not apply to the trustee tee rsterred to in Paragraph 9.6(b). 9 P
<br /> ! upply to th�s Oeed o1 Trust,d the 8eneficiary herem is not a bank.
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