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<br /> `` � ,�27—t898 DEED OF'TRlO�T 9�" ��1���� Page S F �� @, `,!�
<br /> : I..oan Ho 6�39�5 (CoRtlnue� f . �
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<br /> � Breach of Qther Agreemeirt. My braaeh Dy Truslor under me tsrms of arry athsr i�m�en�n9���ane�o�obQga�on of Tn�r . •
<br /> , - within atry 9raee PeriaC providgd thereln.trt�+ud�ng vAMOUt Umitaflan anY flgreeme .�t� .
<br /> � ' ' b I.ender,whether e�dsttng now or tater. . .
<br /> � Events Atteetin9 QaBrantor. My at the precedtn8 events oocurs with resAecl to enY Guarentor of any ot lhe tndebtedness or any(3uarantar . , . .
<br /> • dies a beeomes ineampetsnt,or cevcbas ar d"spules the vaGtliry of.or Gabifilyt under.any Guaranry a}the indebtedness. Lender.at iis option. . .
<br /> . , may.bul ShaU not Ee rsquved to.Permil the Guaranta's esfate to assume unca�ffitlonaRy tAe obli�gations arising unrler tAe g�ranty In e ` .. . '•
<br /> - � :_� manner sebstaaory to Lender.and.i�doing s0.cure 1he Event ot Defa�dl - . . . : -
<br /> � ', •s p�yfe� p�g�• A matertal adverse ehange occws in Trustors finandai eond�flon. ar Lender betieves the prosPe� af paymerd m `..�` • `
<br /> . < perto►mance of the Indebt8dness is impeired. � .
<br /> • , �"--' In�cutfty.Lender tn good�ittt desms i�!iteseCUre. ' - -- -_ - _
<br /> E: � � E�ttny IndBhtedness. A dstatdt sha0 acdu under ar►y E�osUng Indebtedness or undet enY U�Wment on the Properry securing arry 6dsHng , .-.
<br /> Indebtedness.ot commencement ot sny suit a other adion to torectose arry e�dsUng fien on the Properry. `',f
<br /> '� ' W�t tp t:�ue. If such a fa�7ure is cwat►te end it Trustor t�as noi been g[ven a notice of e breac�af the same Pro�on ot this Oesd of Trust
<br /> wlhin fhe P�oe�ing twetve(12�mor�t�.�may be cured(and no Eve�d of Oefatttt wU have occ�med)ii 7n�stor.afGer Lender sands written , .
<br /> notice demandin9 cure of such tadwe: (a�c�aes the taiiure wiU�in 6fteen(t�daYs:or (b)If the cure requires mare than fftsert(ts)days. _... . ..� -
<br /> : a .
<br />�; - • immed�aUaly inffia�s SteAs suffident to cure tAe tailure and thereafter eo�linues and CmnPtetes aU reasonabte and n�serlt Sts�s su�derd to . .
<br /> • i.p prodvice campGance as soon as�easonaDN D���- �. .
<br /> W GHTS A&D RH:'f��5 Q?i�EFAlaT. Upar�the oCCUrrenca oT anY Eve.�t of Defa�i antl 8t ettyt tlme thereafter.Tn�stee or Lsndar.�i�S cPtton, • . � r=
<br /> .t.c. ..
<br />�'�`, � � . may e�oercise aeY one or more of the toRavring righ�and�eme�es.in aQ�an to any other rtghts or remedies Pmvided by taw: . . �y:.`V_.
<br /> � °` Aaeleredion upon Oefaulk�dittesiai Remedtea Ii a�ry event of defauti occws as 0���ert"5 of the Note secured hereby::ender maY t. �,T;:
<br /> . dedare sil Indeby0dness secured by th�Oeed ot Tnist to be due and paYabte and tha same shall thereupon became due and payable wdhoul ..�.`.3„,�,.
<br /> . �� anY presetdmeel.demend.F•ote t or noHc ot eny ki:�.?h8ieafte►LenQer mSY. , .
<br /> .� ..
<br /> " '. (a) Either In person or by agent,with or w(thout brfnging any.:c8on or prooeeding,or by a re��e}P�i��d�b�y�g or Bn A9 n8m�e .''� :
<br /> regsrd totAe adaquacy of its seaufty.erder�on and take possebsian of the Property.or anY Pe�t , -•.
<br /> (. ' of Tntstee.and do flnY ects whiCh it deems necesserN or dest►ebte to pra58rve the v8iu9.marketaca�ty ar rentabmry ot tne Proverty,Ct peA , •:�.�-,_
<br /> '`• .. � , at the Property or inter�t in the P►operty.increase the tncome ham the PropeAy or protect the secudty oi the RroDenfl:a�d.with or wlU�oul , , :�„_
<br /> ' � • taJcing pcssesston o1 t�e PropeRy,stre tor m otNenvise coUect itie ren i s,issues and p[ofit5 ot the Propadl6�4d�n8��p�Q�Qnd � , .,x._,-
<br /> unpaid.snd apAN the same.laSS costs anA e�ens�ot operaUon ana coHecUan,tndudfng attameys'tees.to any indebtedness secured . ..---- .}��.
<br /> by th�s Deed of Trust,ati in sucn arder es lenEer msy determine. tAe entadng upon and teklnp possas5ton of ihe RapeRy,the coQectton . .�_..-.•
<br /> ol such rents.lssues an0 pro5b,and the applicaUOn thereol shaU not eure or watve eny QetaNl or aoUce o1 detaWl unQer lhi�O�d of Trusl ,�_
<br /> : uc
<br /> ;;�, ar invehd8te any eCt done in response to suCh def8u11 or pursuant to suCh.nollce ot def8ul�end,notuutihst8nding!Ae COntlnuanCe in • ��*���
<br /> � possession ol the Property or Ine co0echon,receipt end apDtication ot renb,issues ar profits,Ttustee or Lender shall be BntiVeA to , „
<br /> - � exercise every ri8ht provlCed for m the Note m�he Refatea Oocuments ar by Iaw upon the occurrence o1 any event of defauli,tn�uding tt►e •�::•.� • '.;����
<br /> , . , ngM ta euerase tAa powat ot sale: _ ��
<br /> gage,apAolM a recetver or spedfleatiy entarce ar►y ot the covenarrts � •
<br /> • (b) Commence an action to tocedose this Deed ol Trust as a mOrt _ __�
<br />..i:. . '• nereaf:and `�=�:
<br /> ; . ,_ r. E'm..:
<br /> (c) Oeuver to Trustee a wdtten dectaranon of QefaNt and demHnd for safe end a written notice of Cetauti and etecdon to cauge Trustors
<br /> interest in the PraAerly to be sofd,wtUCh notice Trustee shatl cause to be duty fited tor record in the appropAate oftfces ot the Countyt in �...�'; F--
<br /> • whtCh the Property is loCBted:8rtd , .}1�'�..
<br /> .,:..-,�;�:�
<br /> � (d) With respect to ail or any paA of the Personal Properly.Lsnder shall Aave a11 the dghts and remedies ot a sec�ued party under the . �`;:��
<br /> .. Nabraske UNtorm Commercial CaQe. '..:��.
<br /> Forect03ure tiy Povtet ot Safa If Lsnder eteds to forecfose by wcer�C�se of the Power o!Sale hereln contalned,LeaQes shail nottty TrusteB end �,. _ �-�"
<br /> , , ' , g►�af1 deposil with Tnutee this Deed of Trust and tho Note end such�ecetpt5 aad evldence of e�enditures made end sec�ued by tNs Oeed ol :'�;�',':;
<br /> Tnut as Tnstee may require. �. �� •: i%-�.�!`
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<br /> ...h:'�"•'-:..
<br /> � � (a) UAon rece1pt of such noUCe Uom Lenlet,Trustee shail cause to Oe recordod,publlshed end delivered to Tn�stor such Notice of 08fau11 . ��,,,�_
<br /> � } and Notice of Sale as then required Dy taw an0 by this Deed of Trusf. Tnistee shafl,wlthout demand on Tiustor,after such Hme es may • '�•.,t;,;,-_.
<br /> he ,.
<br /> � . . . � ,.� ttren be requUed by law and efter recordabon of such Notice of Oefault and after Nottce of Sate having been ghren as required by taw.se0
<br /> Me Properly a1 the tlme and place of seie faa0d by H In such NoUCe ot Sele,e(tt�er as a whole,or in sgparate lots or parce�or items es �:�.��;,.�%
<br /> � T�wtee shatl deem e�eGient,and in such order ea It may detertnine,at pubilc auctlon to the htghest biQder tor cash fn lawfu!monay of " ��.�-:
<br /> the United States payable at the dme of se�e. Ttuste9 shall delfver to such purchese�or purChesers thBreOf its goad and sutflctent dead a • :yp_
<br /> .�`� • Qeeds conveying the property so sofd,but w(t!�out any covenaM or warranty.exAress or imptled. The redtats in such deed ot any matters ;.•--
<br /> ..: . - . or tacts sRall be eondusive proot ot the trulhtNness thereot MY person,inclu�ng without Ilmitatlon Tnstor.Tnistee.or Lender,may • �>�•
<br /> . . purohese 8t SuCh 581e. , • •
<br /> �'' (b) As may be permitted by law,after QeducHng ail costs,fe3s and e�enses ot Ttustee and o1 this Ttust.inctuding costs of evfdenee ol , , .
<br /> ' � tiUe in connection wnh sale,Trustee shaU appty the proceeds of sete to paymeM of Q)aU sums e�ended unQer the terms ot tAls Desd ol ,
<br /> Trust or under the terms ot the Nots not then repald,lnctuding bN nof Omited to accrued interesl and Iate charges. @)ell other sums then � � .
<br /> � � � " . secured hereby,aad Gii)the rema�nder,if any,to 1he person or persons Iegslly entiUed thereto. • . : : ;
<br />.-?, • �
<br /> � (c) Trustee may in the manner proviQed by law postpone sate of all or arry portlon ot 1he Property. ���
<br /> R¢medfet+Not Exclusive. Trustee and Lender,and eaCh of them,shall be entltled to entorce peyment end peAormance o}arry indebteQness
<br /> or obtigauons secured by this Oeed ot Trust and to exercise ail�ights and powers under this Oeed of Trusf.under ihe Note,under any ot the .
<br /> Retated DoCUments,or under any other agreement or 8ny taws now or hereafter In torc0•notwithstanding,some or ail af such Indebtedrtes9 :.
<br /> and obllgaUO�+s seeured by thls Deed of Trust may now or hereafter bo otherw�se sscured,whether by moAga99,Qeed of trusl,pledge.lien, ,
<br /> � asslgnmenl or otnervvise. Neuher tAe 8cceptance ol thb Deed of Trust nor its entorcemen�whelher by court ection or pursuant to the po�ver of
<br /> ' saie or other powers contalned i�lhis Deed of TrusL shall prejudice or In eny manner aNec!Trustee's ar I.enders rtg�t to reellze upan or ,
<br /> �� , enforce any othe►secudry now or h5reafter held by Trustee or Lender,it being egreed that Tmstee 8nd LenQ.ar,and each ot them,shail be ,
<br /> errtdted to eMOrce tAis Oeed ot Trusi and arry other secunty now or hereafter hetd by LenOer or TrusteB i�such order and manner as they or . . - .
<br /> • eit�er of them may in thelr absolute discreUon determine. ko remedy cont�rrea upon or reservad to Trustee or Lender,is intended to be .
<br /> sxclusive of any other remedy in this Oeed of Trusi or by law provided or permitte0,bui each shau be cumutative and shall be in addillon lo .
<br /> "��: every other ramedy given in this Deed of Trust or now or hereatter ebsting af taw or in equity or by statute. Evary power ot remedy given by the .
<br /> Note or any o}the Retated bocuments to Trustee or Lender or to whlch eilher ot them may ba otherwlse enUlled, may be exerctsed,
<br /> � ' conc�rtentty or independenUy,Bom Ume to tlme and as oflen es may be deemed expeQient by Trustee or Lender.9 nd either�fhe 9 ma i .
<br /> pursue Inconsistent romedies. NotNng in this Oeed of Trust shnll be construed as prohibitlng Lender from seekin e Qeflclen
<br /> agatnst the Trustor to the extent such actlon is permiHeA by Iaw. � �. � �
<br /> � � 01 Saie u de�t�hls'OeeO ot Trust be maiied to them at the addeesses set toAb in hehffrst p grsph of his Deed o}7 st.nd e copy of any NoUCe
<br /> � Watver,Eleetton ot Remedtes. �A waiver by eny party ot a breach of a Orovislon of ihls Oeed of Tmst sha11 not consUtute a v�alver of or
<br /> � preJudice ihe party/s dghb othervviss fo demand strict comp0ance with thal provi5lon o�eny other provislon. Electton by LenCer to pursue any
<br /> � � • remedy provlded in this Oeed ot Trust.the Note,In any Related Document,or pro+Aded by taw shall not exclude pursuH ot any other remedy,
<br /> � , and en eleCUon to make expenditur6s or fo laice aCUon to peAorm an obligatlon of Trustor under this Oeed of Trust eRer faiture ot Trustor to .
<br /> '` � pertorm shali not aNect Lenders nght to deGere a delauH and to exetcise any of its remedies. •
<br /> Attotnoys'Fees;Expenses. If Lender institntes eny sult or actlon to entorce any of ihe terms of this Deed of Trust,Lender shall be enliUed to •
<br /> recover suCh sum as the couA may aGjudge reasnnabie es attorneys'fess at triai and on any appeal. Whether or not any CouA action is
<br /> involved,811 reasonabte expenses�ncurred by Lender whieh in LenQer's opinlOn ere necesSflry a1 any Um0 tOr the proteCllon o}its interust oI the �
<br /> � ' entorCemenl ot Its rlghts shall become a paA oi tha lndebtedness payable on demand and shall bear interesl at the Note rate ftom th9 date of ;
<br /> . ,� sxpenditure untii repaid. Expenses covered by ihis paragraph inciude,without Ilmitatlon,however subject to any Iimits un6et applicabte taw, .
<br /> • lender's attorneys fees whether or not there�s a lawsuit,including attorney9'fees tor bankruptcy proCeedings(inttuding eNorts to mod'�fy or
<br /> .,.'-. vacate any automarC stay or injunctfon),appeals and any anticipated post-judgmenl colleclion services,tAe cosf o}searching rocatQS. .
<br /> ' obta�ning fitl9 reports(nCtuding foreclosure repods),surveyors'reports,appraisal tees,U8e insurance,and fees 1or the Truste9,to the e�ctert ; .
<br /> - p�tcr,�!!ofl t!y gppPCeb�e I�w Trustor also w�11 vaY any court costs,in addiUOn to all other Sums provlded by lav+. i
<br /> Rlght9 of Trustee. Tru5lee sha�l have a11 ot Ihe�ights and duUes of Lender a5 S61 torth in this seCtion.
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