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<br /> � { '03�-03-�998 DEED OF TRUST 9$�. ���� Page 5 `T � . _
<br /> � -zaats:�a 6fi4?SO (Cor�tinued� i;. : . . :
<br /> � < ` posssss�on of 1he P�operry or t�e coUec6on.reCeipt and app6cation ot rents,�or pra5ls.Trttstee or Lender sheU be e�itted tn � . . .
<br /> . � � euertti5e e v e ry d9ht pravided for it�the Note or the Refated Dacuments ar by law upon tl�g uecuerenee ot any sveni of defa�t,t�.duding the fp �`
<br /> � �j rigM to�dse the powet ot s�e: r � ,
<br /> , s' : � (b) Cpmmence an aeGon to toredose thls Deed of Tnut as a mortg8ge.epAo[nt a reoetvar or speafieaUy entort:e anY ot lha covenenb � .
<br /> �� R9r8o$end .
<br /> ! (cr erest the ProDertY�����noUce Tn�sOae shall rause to b dutll fifed tor�recard In the ePDroDriata offioes af dte Cowdy in �.. � � '< ;.,
<br /> • �� wNch tAe ProOe�Y�%(ocated:and ' � . :
<br /> . . � (d) Vlfith re5ped t0 8U or 8ny pett Of Uie Personel ProPertll.Lender Shall Aave eD the dgMS and remedtes of a SecureO PBftY under the ! ,
<br /> -; I Nebras�UnHorm Cammerdaf Code. `
<br /> •. - � Fo�tos�a bY PowBt o!&afe. 1!l9nder etects to foreetose by emrdse cf ths Power of Sa(e herein contained.Lender shall notily Trustes end
<br /> _ - - shaD depasit witt�TnsDee this Oeed W Trust and the Mote and such reoeiPts and e�iden�of expenditures made and sacured by dus Oeed o1 — - -- --•-
<br /> Trust as Tmstee may�e4uire-
<br /> � (a) Upon reoeiPt ot such notice from Lender.Trustes shaU cause to be 2corded P���d and deIIvared to Tn�stor such Natice of Oetauit , -�` �
<br /> � and Nottce of Safe as lhen requtred by taw and by this II�d ot TruSt Tn�stee shatf.vritfiout demand on Trt�stor.after such tlme es may
<br /> then 6a raqtdred bY taw aad aft�recordaUon oi sneh No�ce a f Q e t a�t and after NaSCe ot Sate having been given es requhed by law.seU _ . _.
<br /> .. ., the Property at the 6me snd place of sata fnaed by H in sueh lVoUOa of Sele,eithes as a whole.or(n 5epsrate lois or pSroB1S ot items as
<br /> 7rusteg sha9 deem e�edier�t,and in sucB order as tt may detertnine.at pubtia ew�ton to ths htghest bidder for eash tn 16whd money of . . . ,
<br /> tAe Unned States PaYa�le at tRe Ume of sate. Tn�tea shaA deriver to such purchasar or p�udiase�s thereol iCs good an0 SufH�erd deed or �; . . �,. ;��
<br /> deeds camreytng the praperty so s�td.but w(thout nny eovenasit a wartanry.expres+or tmpQed. 'I1ie rec�ts in such deed oi anyt ma�s � �• ,�,;,;:_'.:<"
<br /> ' or facls sha0 be condusive proof of the truthfutne�ss thereof. Arry person,induding vr,fhont Bmiffition Trustor,Ttustee.or Len�,may
<br /> . purahaso at such sale. � . -�� �' -L'
<br /> � (b) AS may be permitted by 1aw,aNer deduding aU cos�,fe�and w�enses of Tnistea end of ttds 7ntsi,indu�ng�of eNdence of '° �,'�
<br /> � ' � �_._.
<br /> t�tte in connection with sate.Trustee snell appty the proceeds of sate to paYmertt of (i�ait sums exDeaded under the 1&rms of tMS Dead af ,; ;�•�
<br /> � � Trust or under the terms ot the Note not then repaid,indu6ng bul not Gmited to accrued intere.st and tate charges. (�e�o1Ae►sums then .' �;. �,
<br /> • secured herebY.and (ni)tAe remainder.if any.to the person or persons Iegelly enbtted thereto. . .-�-;:':•
<br /> (c) Trwtee a�ay«1he rt�anner prouided by iaw postpone sala of a11 or anyr portion of the PropeRy. `''���'"`
<br /> ..,,a�,��
<br /> ' Remedtes Nat O�sivsive. Tnutea and Lender,and each ot them.sha11 Ge enUtled to erdorce payment and perfartnance o!any Indebtedne�a �;y�ry,:
<br /> cr cpfigah'cr�s secured by tNs Deed of Tivat and to e�cerdse all�ights and powers undst thfs Oa6d ot 7nut,under th0�ur►det any►at fhe . • Z,- �
<br /> Rela�sd Documents,or under any other aqreement or any faws now or hereafter tn fores;aotvdfhstandln9,some ar aSl oi such indebtednass '-. `;'��:
<br /> • and ob6gatlor4s secured by this Reed of Trusl may now or hareafter be otherwtse secured.whether bY moRgage.desd of trusl.ptedge.Uen, ''" •y;,;�:-
<br /> • assignment or otherwtsa. Neither the acceptane9 of thts Deed o1 Tnut nor fls entorcemard,whelher by court ection or pursuant to ttte power of , �.._
<br /> . . sate ar other powe�s contained in tNS Deed of Tnu�shaD prejudioe or M enyr manner eBeet Tnutees or Lenders Aght to realiza upan or .��,�;�.'?�;�:•v.
<br /> u" c'L�.�...,ti`:.,
<br /> enfarce any ptt�sr secmity now or hereafter hetd by Trustee or Lender,H Isetng agread that Tnutee and Lender.and each of them,sl�a0 be , _�;,.
<br /> ` entitted to enforCe ttds Oeed ot Tn�st end emt otAer seceafty now ar hereaRer held by LenQer ot T�tee in such order and manne►se 1heY or "'* .�,�,�-,�
<br /> either of them may in ihetr absolute dispeQan detemiine. No r�medy coMerted upon or reserved to Trustee or Lender,�i�ended to be , ., •„ -��,+�
<br /> ' mcdt�hra of any other remedy in thla Oeed of Tnat ar by(aw provtQed ar pertnitted.but each stiaU De cumWative and shell be in ad�itton to ,:i•�_�„-�..
<br /> . every Other remedy given in this Oeed of Tn�t or now or hereatter e�dsting at Iaw or In equny or by statuta Every Dawet or remedy gtven by the 'i�.:.��Y ',:
<br /> � ' Note or any ot ttfe R8lated Oocumentg to Trustee or Lender or to which either oE tt�em may be otherwise entitled, may be mcerdsed. , y,�-,.�;.:,
<br /> concurrenNy or lndependantiy,from time to tlme and es often es may be deemed ex�acGarit by Tnistee ar Lender,aad e(ther af ihem may • . �;,_-�:-�
<br /> • pursue inconsisteM remedies. Nothfng In this�eed of Trust shaU be construed as protubiUng Lender from seekrtig a defldency Judgment , r, ; :. _�--
<br /> � � • - agai�st fl�e Trustor to the extent such action is pemJited by Iaw. � ��.•'.�
<br /> a
<br /> Reqices!For I�otice. Tnutw.on behalf af Tnutor end Lender.hereby requests tt�at a eopy of arry NoUce of Oetault and a coDY of any NoUce • ��'j1°�''iG
<br /> ot Sete unQer th(s Oeed of Trust be mailed to them at the addresses set foAh ln the first paragraph of thts Oeed of Tnul. . ''=�E`��
<br /> �.•q._.�.
<br /> Waiver,Election of Remeales. A waiver by any party ot a breach ot a provtslon ot fhis Oeed of Trus1 shall not cons6b�t9 a wetver of or . " : "�.��?:
<br /> - prejudice the party�s rights otheJwise to demand sbict compUance wilh that provisia�ar anY otAar pmv(sion. EteeBan by Lender to pwsuB erry - . `�:n'�'
<br /> remedy provided In Mts�eed ot Tnut,tAe Note,In arry Retated Oocument,or praNded by law shalt not exdude pursutt of eny other remady. • _ •;:.����-�
<br /> and an eleeUVn to mafce expenditures or to teke actlon to pertorm an obligallon ot Trustor under this Oeed of Trust after feihue ot Tnstor to , ,.;Y,
<br /> pertonn stiail not aflect Lenders rigM to deGAre e detaNt ancl to exercise aay►01 its remedies. ,.!a�.`,`�
<br /> • Attomeys'Feeo;Expenses. If Lender institutes eny suit or action to enforce any ot the terms o!this Oeed o1 Trust,LenQet shaU be erdiUed to _ _�� ��'��`�`�
<br /> � recover such sum as the couA may a0ju0ge reasonab(e as attameys'fees at triai an0 on any appeat. Whether or eot any courf attion is • ����`
<br /> mvolved,8II reasonaCte expanses mcurted Dy LenQer which in Lender's opinlon are necess8ry 8t eny dme for th9 protection Of ib ttReresi Or the ' � :;,��,.
<br /> � entoroement of its dghts sha11 become e paA of fhe Indebtedness payabte on demend and shall bear interesl al the Not9 rats(tom the date of
<br /> ' e�enGiture until repajd. E�cpensss covered by this paragraph lnclu0e,wtthoN Gmitatlon,�owever subjeCl to arry 8mits under BpDUCBbte 18w, .�:� ;
<br /> Lsnder's attorneys'fees whether or not there is a Iawsutt,Inctud�ng attomeys fees tor bankruptcy proceedings Qnctud'ing ettoRS to modity ar . . : :n.�_
<br /> � • � vacate any automade staY or injunction),eppeal5 and any anticlpated post-JudgmeM collecUOn servtces,the cast of seareNng recorQs, �� "
<br /> � . • obffii�irg tiUe reports QnGuding forectosure tepor�),surveyors'reporLs,appraisal fees,dlle tnsuranoe,and fess fa the Truste9,to the extert . ,
<br /> • permi:'��Dy appllcabt9 law. Trustor atso wiil pay any couA cc5ts,in additlon to ell otAer sums provlded by law.
<br /> . � Rtg4�ta ot Tnistee. Tn�stee shall have aU of the�ights and dWes of lender ss set foRh in this secllon. , , .. '..
<br /> � ; POWERS AND OBiiGATtONS OF TRUSTEE. The following provisions celaUng to the pc:+�rs end obiigellons ot Trustsa are paA of this Deed of •• ��
<br /> ' Ttust. �
<br /> i Powens of Trustee. In addiUOn to eIl 0owers cf Trustee ar�ine as a matter of faw,Tnistee shaU have the power to take the foltow�ng eoJons . �
<br /> ' � � '� wfth resp¢cf to the Ptoperty upon the wrltten request of Lander and Trustor. (a)jo(n In preparing en0 flling 8 mep or plet ot the Real PtopeAy. . . •
<br /> ' . tinatuding the dedicaUOn of streeb or othet dghb to tha pubiic; (b)jotn in granUng any easement or oreaUng arry resMcUon on the Real PtopeRy: •
<br /> ` and (o)join in any subordinatlon or other a�eement aNecting ihis Oeed af Trusl o�the tnterest of lender undet thts Deed of Trust.
<br /> ' � Ttustoe. Truste9 sh�7 meet eli qualiflcaUOns requfratl for Trustee under eppiicabte taw. In addiUon to the dghts and�emedies set fortA above. . .
<br /> witb re5pect to ell or eny paA of the Propedy,the Trustee shali have the dght to fpwclose Dy notke and sate,and Lendet ahall have the rfgM to
<br /> foreclose by judiclal foreGosure.in either case in aCCOrda�ce wflh and to the iW extont provlded by appi�cable law. � • .. • �
<br /> ' , Sueces:or Trustee. Lender,et Lendefs opUOn,may hom time to Ume appoint a suCCessor Trustee to any Trustea appolnte0 hereunder by an
<br /> � Instrumenf executed and acknowtedged by Lender flnd recorded in the offlCe ot the recorder o1 HALL County.tYebreske. The tnstrument shaD .
<br /> : • 1 eonta�n,tn 8ddillon to all other mariers requlred by s�'a law,lhe names o1 the adglnel Lender,Trustee,8nd Trusto►.the book end page(ar �' ,
<br /> computer system re!erence)where this Deed of Trust is recorded,and the name an0 aQdress o}the suco05sor trustea.and the Instrumerd SAoU
<br /> ` be executed and acknovAedged by all the beneflclart�under the Oeed o}Trust or tnetr suCCessors In interest. The successor trustee.without � • .
<br /> � canveyance of the Property.shall suceeed to all the ti'de,power,and CuUas conteRed upon the Trustee in ihls Qeed of Ttust and by appUcebte •
<br /> � iaw. This procedure tor substAUUon of trustee shall govern to the exc4is+on of ell olher provl51on9 for SWsUtutlon.
<br /> � , HOTICES TO TiiUSTOR M10 OTHER PARTIES. Any noUCe under tr,s Ceed ot Trust sheU be in wnting,mey be sent by telotatslrtUiO(unl8ss
<br /> otAerw�se required by Iaw),end shall be effecUve when actually delivere9,or when depasited with e nallonafty recagNied overnight courier.or,if
<br /> mad9tl,Shatl be deemed ettBCt+ve v�hen depo5ded in the United States mail first class,certified or registered maii,posfags prepaid,directad to the ,
<br /> �• adtlresses shown near the peginn�ng ot tres Oeed of Trust. Any party may change its flddress tor noUees under this Oeed of Trust by giving tormai
<br /> � wrdten notioe to the other paAies.speCitynng ihal the purpoSA of ihe notiCe fs to change ihe paAy/s address. All COpIBS ot nottC6s o}}oteclosure from •
<br /> �r the notper of any hen which has pnonty over this Deed of Trust shaB be Senf to Lender's address,as shown near 1he beginning ot 1hH Deed o1 Trusf.
<br /> • For not�ce purposes,Trustor egrees to keep Lender and Trustee intotmed at aii times o}Trostors curceM address. �
<br /> - �
<br /> M18CElLAN�OUS Pit0Y1S10NS. The to�lowmg misceitaneous prOvistons are a paA o1 th�s Deed o1 Trust: ! �
<br /> �• AmenCmentB. Thls Oeed of Trust.together with 8ny Retated Oocuments,Constltutes the entire urtderstanding and agreement of(he patUe9 89 •
<br /> to the metters S81 torth�n Ihis Oeed of Trust. No altetetion o1 or amendment to ihis Oeed o1 Trust S�all be effective uniess gtven in wridng and
<br /> � signed by ihe paAy or perUes sought to be the�ged o!Dound Cy the alteraUOn or amendmenl. :
<br /> Annu91 RBp0�t9. If the Property ls used for purposes ofher than Trustor's tBSidenCe.Trustor shall furn�sh to Lender,upan requeSt,e cer�fled �
<br /> - Sta.temant o�nat oaerating income received kom the Property during Trostor'S pre�ous fiscal year in such torm end detail as Lender shall
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