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<br /> � ` pdneipal amount of the indebtedaess sewred by thls Deed ot Trust.nat induding sums advanoed to proteat the securtry oi this Deed ot G•` ��`'. . , .
<br /> Trust,exceed the original pdncipai amourtt slated hereln,or S 1Z,�,OQ_00 .whErfiever is greater. � �. ; � ..
<br /> � ' ° 18.l�Iseeflanoous Provislon�. • . `
<br /> (a)Bo�vor Not Reteasea Extenstan ot the tlme for paymer!or modificatlon of amort�raUon of the sums searred by this �
<br /> -,. , � Deed af Trust gra�ted Oy Lender to any snacsssor in Interest ot 8arrawa►shall not operate to celease.[n any manner,U�e IiabUt- 1_ .-.."��. ..
<br /> -',; ` ty of the odginai eortnwer and 8orrowefs sux6ssots in intaresR Lender shall not be required to commence Pmoeet�ings (� • �
<br /> against such successar ar refuse ta extend Wne fnr payment or othenerise modity amor�Zation of the sums s�cured by this � .� .
<br /> Deed af Trust by reason af any damands msde Dy the original Borro�rer and Borrowa�s successors in(nterest ., `
<br /> ° (b)Le�der's Powera.Without affecting the IlabiUty of any other person liable for Me payment af any obtigatlon herein men- � � ��"
<br /> . , ;°,: ' tlened.and without affec�ng the lien or charge of tt�fs Oeed ot Tmst upon ariy portion ot the PropeRy not then or therebofore � '`..�`�
<br /> '� ' , � reteased as securiiy tor the fulf amount of all unpaid obfigations,Lender may.from thne ta time and without notice(�re[ease � ;
<br /> . ' any person so I'iabte,(i�extend the maturity or alter any of the terms of any such obtigations.(1i)grani other indutgences.(iv} `:
<br /> .- "-�' reiease or�eoonvey,or cause Lo be reTeased ar recamreyed at any tims at Lende�s option any par�el,pertion or aU of the Y_t., ; •
<br /> , -- - Properly,(v)ffike or release any other or add�dornal seairity tor any abligation herein mentioned,or(vi�maka oomposifions or . 4 ` ,
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<br /> . � ' (c)Forbearanee by Lender Not a Wa[ver.My forbear'ance by Lender in exerdsing arry right or remedy hereunder,or oUr � �, '_r :� ;;;
<br /> , ,`;• erwise affortied by appliqbte law,shal!not 6e a wahrer af or predude the exemase of any such right or�emedy-The pmcure-
<br /> � • ment of insurance or the payment of taxes or other Itens or charges by Lender shaH nat be a waiver or Lende�s right to socefer-
<br /> �. •. ., ate the maLirity of the indebtedness secured by this Deed of Trust � -
<br /> . � . � (tn Suceassors and Assigns Bound:Jotnt and Several Liabttity;Captlona The covenants and agree�r►ents here)n onn- .
<br /> . �. �'4 tained sha4 hinA.and tfie dgAts hereunder sha0 Inare to.the respedive su«�sssors and assigns of Lender and Tnutnr.NI , ' "�,:.,;.._��
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<br /> � covenants and agreements of Tnistor shall be Jotnt and several.The captions and headings of the paragrapi�s of this Deed oi . . .:a-
<br /> '_ Tnrst are for convenience oNy and ars not to be used to interpret or define the p[ovlsions hereoL "'`'`
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<br /> , (e)Request for Notices.The parties h e r e by requ e s t t h a t a copy o f any n a tice of defauit hereunder and a copy of aay notice : � ,: �-' �.,
<br />-' '�' {- � of sate hereunder be mailed to each pasly to U�is Deed of Tnist at the address set forih above in the manner presaibed by . .
<br />_ � applipbte lauu Exoept for any other nottce required under apptfCable law to 6e given in anather mannar,arry notice provtded for �s' � �"�:�-._
<br /> � . � �� .' � in this Deed of Trust shall be given by ma+ling such notice by cerrtifrfred mail addressed to the other parties.at the address set �
<br /> . . � fo►th abave.My notice provided for in this Deed of Trust sha0 be effechve upon mai0ng in the manner Cesignated herein.Ii . _ _
<br /> � • T�r is more than one person,notice sent to t�e address set fortl►above shaU be rtotice to atl such persons. � .; .`�.�,'-
<br /> •� (�InspeWon.lender may matce ar cause to be made reasonabta enfries upnn and fnspedions of the PraPeRy,Provfded .''�. �• . -7,.�T',-
<br /> �� '' that Lender sfiaii give Trustor notice prior to any such inspecSnn spacifying reasonabte rause therefor retated tn Lenders irter- •r,;�.-__
<br /> . :.:;,,,:�` estinth�Rroperty. �• �
<br /> -. . - � (g)Reconveyartce.Upon paymant of a11 sums secured by this Qeed of Tn�st,Lender shall request Trustee Lo reoomrey the s��_
<br /> • , PrapeRy and shait sur�ender thSs Deed of Tnist and aU rtotes evidenctng indebtedness secured by this Oeed oi Trust to ' ` ' � �-��-
<br /> Trustee.1'nu0ee shall recorney the Property.withaut wamanty and without charge to ihe person or persens tegally et�tttled �: •�.�i. _-
<br /> � � �, thereto.Tnistor shal!pay aU casis of reoardaUon.if any. � ' �;���•;`'�k=-
<br /> (h}Personal Property;Security Agreoment As additionai security for the payment of the Hote.Tn�stor hereby grants � �':.:,�.
<br /> Y ! �� ment,and other petsonal Qroperql � �� ��` �=
<br /> Lender unQer the Nebraska Uniform Commerolal Code a security interesl in al!flxlures,equip
<br /> -, �ued in connection with the r�eal est�ate or(mprovements located thereon,and not othervuiss dectared or deemed to be a part oi {���
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<br /> the real estate secured hereby.This insWmertt shaii be construed as a Secudty Agreement under said Code,and!he Lender - -.
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<br /> shail have all U�e rights and reme,dies of a sewred party under sald Cade in addiUon W�e dgh�and remedies created under .���_
<br /> � ' " ar.d aa:orded the lender pursuant to this Oeed oi Trusx pmviQed that�ende�s�ighis and remedies under fhls paragraph sfialf ,�W.
<br /> � � � ' be atmufattve with,artd in no way a UmftaUon on,Lenders rigMs and remedies under any other securtty agreement signed by ,�--.
<br /> ` ' BorrowerorTnrsWr. .. .�:�,-
<br /> � ` � : "` 'i Q)Llens and Encumbrances.Tntsror hereby warrants and represents that there ls no detautt under the provistons oi any � • ��
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<br /> � ' mortgage,deed oi hust,tease or purohasa contrad descxib(ng ail ar any paR oi the Property.or oiher oors4ract,tnstrument or . ` "�=•�•
<br /> • 4 agreement constituttng a Iten or encumbrance agafnst eU or arry paR of the Property(cottecdvety.'!.lens7.e�dsting as ot the , �':"�'�
<br /> � � date of this Daed oi Trus�and that any anQ a!t existlng Uens remain unmodified except as disalosed tn Lender in Trustor's writ • �'.=;�
<br /> � .' - � ten disctosure of liens.and encumbrances pravtded for heroin.Trustor shall timely perform all oi Trustor's ob►igations, • ,;,—_�:_
<br /> covenants,representatlons and warranUes under any and ali existtng and tuture Uens,shall promptty forward W lender copies � �. �.���.:_,
<br /> of all noUces of default sent in connectton with atry and ail exlsUng or fuNre liens,artd shall n�t w(thout Lendefs pdor written •:c�•s-
<br /> �.,� � consent in any manner modity the provisions oi or altow any future advances under any extsUng or fulure Ilens. ° '.-.�.�F�:_
<br /> � Q)Appitca@on oi Paymenta.Unioss othervvisa requlred by law,sums pald to Lertder hereunder,including without(ImitaUon "
<br /> payments oi princlpai and interest,insurance proceeds.condemnaUon proceeds and rents and profib,shali be appfied by �'�"'`��
<br /> " . � Lender to the amounts due and ouuing from Tnistor and 8ortower in su�order as Lender fn tts sole discreUon deems Qesir- � '�:...��-
<br /> able. . '_�
<br /> E 1 . . ' (k)8everabllity.If any provlsion oi this Oeed of Trust conflicb wlth appiicabte law or Is declared invalid or otherwise unen- , . .� �:
<br /> • • torceabte.auch conflict or inva8dity shatt not afteot the other provisions ot this Oeed of Tn�st or the Note whld►can be given _
<br /> • � � eftect withoui the conflicUng pmvisiora,anA to�his end the provisions of this Ceed of Truat and the Note ere dedared to be sev- � '�� `
<br /> . , . . erable. - ' ' %'�.�'`a�
<br /> ��' • • • (q Tenns.The terms'Trustor and'Borrower shail inct�cde both singular and ptural,and when the Ttustor and Borrawer ate � t''•_' ;
<br /> the same person(s),those terms as used in this Deed of Trust shall be interchangeabte. • � •'�' � _
<br /> . , . � . (m)Goveming Law.This Deed of Tn�st shall be govemed by the laws of the State of Nebraska. � � •
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<br /> .. • i Tnistor has executed thts Oeed of Trust as oi the date wdtCan above. �• ..
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<br />-.: � ( OHN J. GILLESPIE, JR. 1'rustor (ALY E t4. GILLESPIE) .Trustor �
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