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<br /> � �j�' �a139� �. � .
<br /> IB) A�y fallure on the pert ot the Truator to meet the repeyment terrna in roapect to the Loan Agreemont and any N-
<br /> other edvancea under thia Deed of Trust hereby secured;and, .
<br /> IC) Any ectlon by the Trustor prohlblted by the terma of the Loan Agreement or thle Doed of Trust or any fallure of n
<br /> the Trustor to ect as required by the Loan Hgreement or thls Deed of Truet, each of which Truator hereby egreea � -
<br /> have an edverse affect on the Beneficiery's securlty for the Iine of credit establiehed and the rights of the ��
<br /> Beneficiary in such socurity.
<br /> � • and upon the heppening of any such event of default, Beneficlery may deciero all auma aecured hereby tmmedletely _
<br /> � due and peyeble by deliver to Trustee of written decleratlon of ciefeult. The Trustee shell havo the power of sale of
<br /> the Property, and if Beneficlery deslros the Property to be sold,It ahell deposlt with Truatee thls Deed of Trust end all _
<br /> promiseory notes and documenta evfdencing expenditures aecured hereby end ehall deliver to Trustee a writte�notice :
<br /> of defeult and electlon to cause tha Property to be eald, end the Truatee in turn shall prepare a notice in the form
<br /> requf�ed by law,which ahell be duty fUed for record by Trustee. t;;y,�i�;_
<br /> (A) Aitdr the lepse of euch tlme as mey be requlred by lew foilowing the recordation of said notice of default, and . , ._ ---
<br /> notice of default end notico of sele hav(ng been plven es required by lew,Truatee, without demand on Trustor, __
<br /> shall sell the Property on the date and at the time end plece deaigneted in seld notice of sale, at public auction to �,�:;.�-;
<br /> . the highest bidder, the purchese price payable In lawful maney of the UNtAd Stetes ot the time of �ale. The _ -
<br /> perso�conducting the sate may, for eny cause he deeme expediont, poatpone the sale from time to time until It =
<br /> shell be completed end, ln overy such cese, notice o4�oetponament shall bo given bV Public declaration thereof . _ __ _
<br /> by such pereon at the ttme end place lest eppolnted for the sale, provided,If the salo is postponed for longer then
<br /> onell)dey beyond the dey deafgnated in the no4lce of salo, noti�e the�eof shell be glven In the same menner ea . _
<br /> theoriginal notice of sele. T�uatee ehell execute and delivor to the purchaser its Deed conveying the Property ao _,;-
<br /> „ � sold, but without andy covenant or werrnnty, exprese or Implied. The recitels in the deed of any mattors or acts .r T_:��
<br /> � shell be conclu�ive proof of the truthfulness thereof. Any person, inctudfng Beneficlary, mey purch�se at the sele. ��,_=;�p��
<br /> • � (B) When Trusteo sells pursuent to the powers heretn, the Trustee shell apply the proceeds of the sale to payment _-_
<br /> of ihe costs and expenaes of exercising the power of aele end of the sale,Including the paymont of the Trustee's "•°'�"..�
<br /> • fees actually fncurred,which Trustee's fees�hall not in the aggregate exceed the following amount based upon �r_
<br /> � the emount secured hereby and remaining unpeld; 5 pe�centum on the first 31,000 thereof, 1 percentum on the -:"
<br /> i` balence thereof end then to the items In subperagreph (C)in the order there steted. ',�;
<br /> ?� (C)After peying the items specified in subparagrapii i8i����n�p1e{s by Trc:^o��,os ths prQ�pr e^�!r*end other costs _-
<br /> �` of 4oreclosure end sele if the sale is pursuant t�Judiclal foreclosure,the proceeds of salo shall be applied in the order
<br /> � ateted to the payment af: _
<br /> 11) Cost of any evidence of titlo procured in connection with such sele end of any revenue stennps; __
<br />- (II) Ali sums the secured hereby; .,
<br /> (1111 The remaindor, if any,to the porson legally entitled thereto. ,;--
<br /> '1 3. D u t i s a e n d Obli getlons of T�wtees. (a► The dutfes and obligations of trustee shell be determined solely by ���
<br /> the expresa provisions of thfa Deed of Trust,and"Q'rustee shall not be Ileble except for the performance of such dutles
<br /> and obllgations es ere specificelly set forth herein, end no Implled covenants or obligetlon9 shell be imposed upon
<br /> Trustee; (b) No provisiona of this Deed of Trust shatl require T�uatee to expand or risk fts own funds, or otherwlee
<br /> Y. incur eny financlal obligetion in the performance of any of its dutles hereunder, or in the exercise of any of its rights ��
<br /> _, ' :� . or power,if it shall heve grounds for believing that the repayment of such funds or adequato indemnity egeinst such
<br />-��< •. • .�, " risk or Ilabitlty Is not reasonably assured to it;tc) Trustee may consult w(th counsel of Its own chooafng end the advice
<br />� '°��-=•�� of such counsel shell be full end complete authorization end protection in the respect of any action teken or suffered �
<br /> � � by It hereunder fn good fafth and relianco thereon; (d) Yrustee ehell not be liable for eny ectbn taken by it in good fafth c «
<br /> -,• end reesonably belleved by It to be euthorized or within the disceetion or rights and powers conferred upon it by th(s =
<br /> Deed of Trust.
<br /> +A �ddltione! Seaurity Inatruments. Trustor,at Ita oxpense, wlll execute end deliver to the Trustee, promptty r�� _
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<br />�� • upon dernend,such security instruments es muy be required by Trustee,in form and substance setisfactory to Trustee, �: -
<br /> :.�.t.... ....
<br />-v�`n�,;,'• ' ` covering eny of the Property conveyed by this Deed of Trust,which socurity Instrumenta shall be additfonal sacurity �'
<br /> tor Trustor's fefthful performence of ell of the terms, covenents end condittons of this Deed of Trust, the l.oan ��.—� _-
<br />� � Agreement,any promissory notes secured hereby and eny other security instruments executed in connection with thl� �-==___ ____—
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<br /> -� transaction. Such instruments shall be recorded or ffled, and re•recorded end refiled, at Trustor's expense.
<br /> # 16. Nitscefleneouo. � -
<br /> (A) tnthe event eny one or more of tha provisions conteined in the Deed of Trust, or the Loan Agreement or eny `"�--T`�;,�'��,
<br /> L promissory note, or any othor security fnstrument glven in connection wlth this trenaectton, shall for any reeaon �_��;ra�e�;,-�a�;�;,�.::
<br /> ` to be held to 6e invaltd, iltegei or unenforceable in eny respect, such invelidity, IIIeAelity or unentorceability shell, �?'��''�r�.#��
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<br /> et the option of Beneficiary, not affect eny other provislon of this Deed of Trust,that thia Deed of Trust shall be , ;�S-;a� '.
<br /> construed es ff such Invelfd,Iliegal or unenforceeble provlsfon had never been cantelned herein or therein. -
<br /> ' (8) Thi� Deed of Trust shatl be construed according to the laws of the State of Nebreska. . , . �
<br /> (C) the Deod of Trust shall insure to and bind the heirs,legatees,devisees, administratars,executors,successors and
<br /> • assigns of the parties horeto. •
<br /> � (D) Trustor shall pay ell taxes levi9d upon this Devd of Trustor the debt secured hereby,topether with any other texes
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<br /> or assessments which may be levfed ageinst the Trustee o�Beneficfery or the legel holder of the Loan Agreement
<br /> � on account of the indebtedness evicienco tnereoy. __` -
<br /> (E) Whenever uaed herein,the singular number shali includethe plurel,the plurel,the singular,thd use of eny gender �•
<br /> ehall be eqplicable to etl genders,end the term "Beneficiery"shall Include eny peyee of the indebtodness hereby .
<br /> secured or eny transfer thereof, whether by operatlon of law or otherwiae. , ,
<br /> .. 16. Successor Trustee. 8eneficlary may fram time :o tim�e subetitute a succeseor or successors to any Trustee ` .
<br /> nemed herefn or acting hereunder to execute thfs Truat Deed. Upon such appofntment end without conveyance to �
<br /> � the succesaor Trustoo, the latter shall be vestod with ell title, powers end duties conferred upon Qny Trustoe herein �
<br /> , nemed or acting hereunder. Eech such appointment or substitution shall be made by written Instrument by Beneficiary,
<br /> contelning referenco tQ this Deed of Trust and its plece of record, which when recorded in the office of the Regiater
<br /> of I�eede of the county or counties in whlch safd proporty issitueted,shall be conclusive proof of proper eppointment
<br /> of the successor Trustee. The foregoing power of substitution and the procedure tHerefore ahe��not be exclusive of
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<br /> " 408•3 �
<br /> � ' 9194
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