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<br /> -• ` This Tnest Deed will be dus March 01 2013 � ,or upon the payment in tull of all sums secured hereby. � � - :< . ' �r� ^
<br /> � ` . 7ruatorts)hereby warrants that Trustortsl holds tee simple tiUe to the above descrihed Droperty,that Trustor(s)mas goo�a d Iawful authority to .��`� 4 •
<br /> � � , deed and ertcumber the same, that the property is tree and etear of all liens and encumbrances,except encumbrances ot �ecord, and that ;_k �,.`.,,
<br /> Trustorls}wip warrant and detend the property,at Trustorlsl expenss,against all claimants whomsoever. Trustor(s)also hereby waives and �
<br />_. ' ' relinquishes a11 rights of dower,homestead,distnbuiive share,and exemption in and to Ute ahove described prapatiy. • ,''`;�
<br /> � , Trustor(s)and eseh of thsm furthor covenants and egreea wtth Beneftetary as toUawa: �
<br /> ' ` 1. To pay a0{iens,judgments,or other assessments against the praperry,and to pay when due all agsessments,taxes,rents,teas,or charges ". , <
<br /> , .� .<`- upon the property or under any lease,permit,license,or privitege assigned to Beneficiary as addiUonal security W this Tnist Deed,inciuding : .
<br /> those in or on puDiic domain.
<br /> � ' '._`�;:�.�:`� 2. To insure and keep i�sured buildings and other improvemeMS including fixWres and attachments now on or hereafter ptaeed on the property �.
<br /> ' :�:. _:� to ffie satisfactian of Beneficiary. Such insurance will he approved by and deposited with Beneficiary,and endorsed with foss payable clause tp .
<br /> � '"—`�� 8eneficiary. Any sums so received by Beneficiary may be used to pay for reconsuaction of the destroyed improvemertts or if not sa appfied may ° `'
<br /> ;= be applied,at the option of Beneficiary,in payrnent of any indebtedness matured or unmatured secured by this Trust Oeed. ,
<br /> Y� ` , �4_� 3. To keep al!bwldings,tixtures,attachments,and other improvements now on ur hareafter placed on the property occupied and in good repair. � `',
<br /> <` f maintenance,and condiUOn and to neither commit nor permit any acts of waste ar any impairment of the vatue of the proper�ty. Beneficiary mey `<' '
<br /> �� •. ` enter upon the property to inspect the same or to perform arry acta authorized herein or in the toan agreement(si. � �` .` � `
<br /> � ' � :�•'�:. �:
<br /> 4. In the event Trustor(s) tails to pay any fiens, judgments, assessments,taxes, rents,tees, or cAarges or malntain a�ry insurance on tha •;�:•y:i:
<br /> :r• . ' � property,buitdings,fixwres,attachments,ar improvements as provided herein or in ti�a Ioan agreement(sY,Beneficiary,at its option,may make `�,,�.'-:w •
<br /> � ' such payments or provide insurance,maintenance, or repairs and any aenounts paid therefor will 6ecome part of the principel inde6tedness , - ��� �
<br />';;.� - .. secured hereby,be immediately due and payable and bear irnerest at tha defauh rate provided in the notets)ham the date o4 paymeni until paid. � ��
<br /> , y+.... ..
<br /> The advancement by$eneficiary of any such amounts will in no manner Gmit the rfght of Beneficiary to dectare Tnistor(s)in daiauh or exercise ' � "'- -
<br /> , �T?.
<br /> .�: � ' ` any of Beneficiary's other rights and remedies. ' '�� ___
<br /> �' ° � 5. In the event Beneficiary is a party to any litigation affectir�the property or the lieo of this Trust Oeed,inctading any actian by Beneficiary to Y��'�. �
<br /> �; • eoforce this Trust Desd or any suit in which Benefciary is narried a detendant(inctuding condemrtetion and bankroptcy pmceedings)Beneficiary _
<br /> may incur expenses and advance payments far a6suact fees,attomeys fees Ito ths extent altowad by law1,costs,expenses,appraieal fees,and --
<br /> �, . other charges and any amounts so advanced�vill Aecome part of the principal indebtedness secured heceby,be immediatety due and payable and , ,
<br /> • � ' bear interest at ffia defauft rate provided in th9 note(sl hom the date o!advance uriRil paid. , __
<br /> _ � . s'•
<br /> . ' 6. Any awards made to Trustor�s)or their successors by the exercise of eminerrt domain avi hereby assigned to Beneficiary;aad Bene�ciary is - .
<br /> , hereby authorized to collect and apply the same in payment ot any indebtedness,maMe or unmature0,secured by this Trust Deed. •="
<br /> ..'` 7. In the event Trustor(s) detaults in the payment when due of any sums secured hereby fprincipal, interest, edvancemeMS, or protective , _�:=�. .
<br /> • advances), or fails to pe�torm or observe any covenants and conditions contained herein, in the note(s!, loan agreement(s), or any other `+' :
<br /> � -�� . instrumems,or any proceedings is brought by a against T�ustorls)under any Bankruptcy laws,Beneficiary,at iis option,may dectare the eotira =_-- --�—
<br /> , � ' iodebtedness secured hereby to be immediately due and payabte and the whole will bear interest at ffie defauh rate es provided in the rrote(s) ._.
<br /> �,;;� . , • . and Beneficiary may immediately authorize T�ustee to exercise the Power ot Sale granted herein in tha manner provided in the Nebraska Trust �c -
<br /> � Oeeds Act,ar,at the option of the Beneficiary,may forectose tfie Trust Oeed in the manner provided by taw tot the forectosure of martgages on ��,;�:.�• -
<br /> �'_ � resl property, incfuding the appointrnent of a Receiver uAan ex parte ayp�ication,�otice 6eing hereby expressty weived,without regard to the -_
<br /> F::" • : value of the properry or ths sufficienUy thereof to discharge the indebtedness secured hereby or in the loan agreementlsl. Detay by BenefiCrary •
<br /> , + in exercising its rights upon default will not be construed as a waiver tfiereof and any act o!Heneficiary waiving any specified default will not be .
<br /> � . construed as a waiver of any future default. If the proceeds under such sate or torectosure are insu�cient to pay the total indebtedness secured . ':;�,.�
<br /> � , •3 hereby,Trustar(s)do hereby agree to be personaUy bound to pay the unpaid balance,and Benefieiary will be entiUed to a defieieney judgment. , `�,��;
<br /> � � 8. Should Beneficiary elect to exercise the Power of Sate granted herein,Beneficiary wilf notlfy Trustea who wiU reeord,publish,end detiver to ,. -�
<br />' �"' Trustoris)such PJotice ot De}ault and Notice of Sate as then required by law and will in the manner provided by Iaw,se0 the property at tfte time � • -
<br /> �..• ' and place of sate fixed in the NoUCe of Sate, either as a whole or in separate lots,parcals,or itema and in such order as Trustee will deem • --
<br /> � � .. �� � axpedient Any person may bid at the sate including Trustorfel.Trustee,or Bene�ciary. �`.�-v
<br /> „ . . � ''r:�--
<br /> � 9. Trustor(s) hereby requests a copy of any Notice of Default or Notice of Sale hereunder to be mai(ed by certified mait to Trustor(sS at the . ° -
<br /> • . addressles)set torth herein. ;�::-
<br /> . , ' • ,�
<br /> ' � 10. Upon default,Beneficiary,either in person or by agent,with or without bringing any action or proceeding and with or without regard to ihe .;.�°
<br /> � • vatue of the property nr the su�ciency thereof to discharge the in0ebtedness secured haraby,is authorized and entitted to enter upon and take , :-�
<br /> �' possession of the property in its own name or in the name of the Trustee and do a�y acts or expend ar:y sums it deems necessary or desirabte . 'r ��
<br /> "� i • • � to protect or preserve the value of the property or any interest therein,or increase the income therefrom;and with or without taking possession • .' ___
<br /> �� ` of the property is autfiorized to sue tor ot otherwise collect the rents,Issues,crops,profits,and income thereof,lncluding those past due and � - �
<br /> ;,.+: : • � i-.,
<br /> � . unpaid,and apply the same upon any indebtedness secured hereby or in the loan agreementls). ,
<br /> _ - - No remedy h�ein conferred upon or reserved to Trustee or 9eneficlary is intended to be axclaslve o!any other remedy herein or by law �
<br /> � ' } provided or permitted,but each will be cumulative,will be in eddition to every other remedy given hereunder or now or hereafter oxiating at law '
<br /> or in equity or by statute,and may be exercised concurrently,independently or auccessively. .. �
<br /> " � , � 11. Trustor(a)acknowledges that the dutles and obligations of Trostee will be determined solely by the express provisions of this Trust OeeO or .' '
<br /> the Nebraska Trust Deeds Act and Trustee will not be liabte except for the performance of such duties a�d obligations as are specifically set
<br /> forth therein, and no impliad covenants or obligations wdl be impo9ed upon Trustee;Trustee wUl not be I�able for any ecNon by rt in good faith .��•�.
<br /> � '�� � • and reasonably beliaved by it to be authorized or wiihin the discretion or rigfite o1 powers conferred upon it by this Trust Oeed or state taw. ' �.:•' �
<br /> ' 12. The Integrity and responsibilfty of Trustor(s)constitutes a pan of the comsiderat�on tor the obligatiqna secured Aereby. Should Trustorfa) '' •
<br /> � sell,transtar, ot convey thv property doscribed herein,without prior writtoo consent of Beneficiary.Beneficiary,et lts opUon,may declate the • • ��
<br /> " f ` entire Indebtedness immediately due and payabla and may proceed in the entorcement o}its rights as on arry other defautt. . .,
<br /> 13. Assignment of Rents including Proceeds of Mineral Leasos. Trustorlsl hereby assigns, transters, and conveys to Beneliciary all rents, • �
<br /> royaRies, bonuses, and delay moneys or other proceeds that may from time to time become due and payabte under any rea)estate tease or , .
<br />- � � undet any oit,gas,gravol,rock,or other mineral Iease of any kind inctuding geothermal resoutces now existing ot thet may hereefter cOme into • �
<br /> `. ❑. dxistoncfl, covoring the proporty or any part thareof. All such sums so received by Beneticiary will be appAed to the indebLedness seCUred .
<br /> , • . horeby;or Banet�ciary, at its option, may turn over and deliver to Trustorfs)oi their successors in interest, any or all of such sums without
<br /> t prejudice to any of Bennficiary's rights to take and ratain future sums,and without prejudice to any of its othet rights under this Trust Oeed. ,
<br /> � This essignment will be construed to be a provision for the payment or reductfon of the debt,sub{ect to the Beneficiary's option as hereinbetoto , '
<br /> . proWdod, independent of the lian on the ptoperty. Upon paymont in full of the dobt and the reconveyance of this Trust Doed of tecord,this
<br /> - • assignment will become fnoperative and o1 no turther}orCe and ef}ect. �
<br />- . I
<br /> :�;, � 14. This Trust Daad constitutos a Socurity Agraomont with respoct to all tho proporty doscribed herein. •
<br /> . � � .
<br /> ' i 1S. The covenants containad in th�s Trust Oeed will bo deemed to be soverablo;in the event that any pottion o}this Trust Oeed i9 dete�mined
<br /> fto ba void or unontorcaablo,that dotormmat�on will not atfoct tho va�idity of the tomaininq portions o1 the Trust Deod.
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<br /> ;'': ' � EH L NANC�L M ER � •
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<br /> . � ' INOIVIOUAL BOpROWEH ACKNOWLED(iMENT � '_ � .
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<br /> Ap+1:00128665: Pdmary Custbmor ID JJ:00067450: C�F d:56829 Lcgal Dae.Dato:March 12, 1998 � �
<br /> FCS�N 501: Trust Ocod and Assignmont ot Ronts Pago 2 '
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