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<br /> _ �� ... � � d3-10�-1998 QIEED O�YRt15Y 9�_. ���$� Pa�a o ` � .
<br />- � Losn t�o 673673 (Cor�t�aed) , ` `
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<br /> .' - ' Ut119. . ' � �
<br /> ;� ' � . SeeuAry trtere9l. UPon wq�sest tiY Lender.Tnator st►afl w�cule 6nandn9 siatemer�and tetce whatevet otrter aeUon b request�d by LencS� . -. . �
<br /> . to perted and conBnue Lend�ts SecunlY Udarest in tAa Rents and Personat PcoA�lt• In edd�ton to reear�IIng ihLs Qeed of Trust(n tha rea! ' ." r.'>
<br />=s-,, �, ` DroDert�►�ecords,Lertder may.at any tlms and xr[triout fuAAet autharf�on trom Tn�star.t�e ezecuted caw�erOsrLs.eoP�s or reproducIIor�ot
<br /> �� . . Ws Oeed of Ti�t es a 6naneing statemaM. Tnutor shail ret►��usa Lender for aU e�anse�incurted in peAecCng or cor�inufng th�secu�ty
<br /> " ° �` � Irderesl. Upon Qefa�d�,Tn�stor sAafi essemble the Personal Property in a manner end at a ptaoa reasonabty comreNeM to Tn�stor end Lender . •
<br /> �: ' �� ` .-� and makF�it avaifabla to LenQer wiUUn tfasa(3)days aftar reoefpt o!wr(tten demand irom Lend� .
<br /> L � . � � , � QQ�essea The mamng aQdre55ss of Tnstor{�ebtor)and Lender(sseunad pnrly�,horn vcMch iataanation concerning the sceiuily i�era�t , :
<br /> V` granted by thts Oeed ot Tnut may he obtalnad(eech as required Dy the Unftorm Commeretal Code),are as sffited on the ftrst page o}Ws CeeA '�°�
<br /> .��. . <a otTnssL �
<br /> • �• � -.: --_.
<br /> �=''� FUATi�R ASSURANCES:AT'laHE�1EY-IIU-FACT. The fo[iowing provislons relafln9 to fmthsr assurarto�antl attomeY-��►-fad are e Part ot tA�
<br /> f: � z - Deed ai TruSL
<br /> yt. ' Fisrthet Assurm�ees. At erry time,end trom tlme taUme,upon reqnest of Lender.Tn�tor wm matce.ezecute end defiret.or w@ eause to Oe
<br /> � made,exeeuted or deUvered.to Lender or to Lendefs deslgnse,end when cequestad by Lender,eat�9 to be flBd.�orded,wLled,or `
<br />^t, rereCOtded.as the cese may be.at s�eh Umes and in such oftiees and D►ases as Le�er may deem sPP�P�a.anY and aD s�mh moRgaSes, ; •r.� ,
<br /> :° . . ! Qeads of trust sea�tyr deeds.sec�uily►e9raeme�.ftnandng sffitemerds.ecrdlnuatian sfa�me�,h�trumenb of t�uther essurarte9.cer69cates. , ., _.
<br /> �i. . ��-:�„ . �r
<br /> .3. C_ snd otAer documerds as may.in tAe sote optnfon of Lender,be ne�ssary or QesUahle In arder to eftethtate,eomp►ete,pertecL contfiue,or .t...
<br /> �;� • • , preserve (a)the obitgattons of Trustor unde�the Nole,thfs Deed ot Trust,and fhe Reta�d Oocumet�,and (b)tl�e Qers and s�curity ir�er�m� =� °
<br />�'7•" _ " aeatad by this Oead oi Tnist as B�st and pdar Itec�s oe the ProAerlY.whether now owned rnr here�er acquired by Tiustor. UNess prohibfted by � ,.
<br />!y= . ' , Iaw or egreed to the cantrary Ay Lender in wd9ng,7rustor shaU relmburse LenQer tor e0 cosls end expertses irtaored in connecdon wHh the `
<br /> r.�; � mattars re(erred to in ttUs paragraph. . . •.
<br /> ,..r;�-:.
<br /> _- � . Attomey-tn�Fae�t. M Tnstor faits to do anyr af ths Wngs referred to in fhe preceding paragraph.Lendar may do so for and in tt�e name oi , `..
<br />� s.- . ` T r u s t or and e!Tntstars m c pense. Far sueh P m Poses.Tn�star hereb y irrevacabN ePPuirds Lend�as Trustn�s attomayHn-tacl for tAe purpose . --
<br />;��:- ot makfng.execuHng,deGvednB.fiitrt8.recordng,and Qoing all ather th(ngs as may 6e nec�sary cr desirable.in Lender's Sols opinion,to � .`:-��'�.
<br /> ,-�. ,� eccompGsh Ne matta�s referred to M tfte preoedin9 P�9�Ph• -:..:. .
<br /> �;, "i:=•�•. �
<br /> -d� �; . F'iBl PSiFORMAHCE If Tn�stor pays aU the InQehtedness whsn due,and ctt►esxdse perfomis eA the obligaUOns Imposad upon Tnstar under tNs
<br /> ���� - - OeBd of Tru�t,Lender shBD executa and deitv�to Tn�stee a request for futf reconveyartce and sha(1�cecu{e and QeQver to Trtt3tor suiffi6te . . , =_
<br /> �j;` � s statemenls W tennin�fln of arty finsndng statemerrt on fiie evidencing L,enQer's seauily intsrest In the Re�s end the Fe�sonal Property. My � � '�
<br /> _ ._ . . recomrayance fea reqiilred hy law sha0 be pald by Trustor.H partnitteC by apD�ebie faw. _ `�=�
<br /> '�f., � OEFAULT. Eacb of the fouowing,at the op6on o!Lender,shaU constitute an evertt of dafauH(`Event of DefaulP�unQer this Oeed otTnu� - - �f���•-
<br /> O F u� �r
<br /> `� � � ' ;F�. Oetault on InQsbte6ness. Fafture of Tn�tor to make any payment when due on the InQebtedness. � ��"�
<br /> �1;- � � ..
<br /> ,•_%: . . . . Oefault on Othtr Pbym��fts. Faikun of TnuWr wlttUn the Ume�equhed 5y tNS Oeed of Tnat to make any payment to►tazes or tns�an�,or � ���
<br /> ` ��` any other payment necessary to prevent fiiing of or to ettect diseharge ot arry tten. •
<br /> ��: ': �.�'���'.:.
<br /> �;'�, r' . . ComyJiance OefaulL Faiture ot Trtutor to camply w(th any olher term,ohligatlon.covenant ar condiHon ca�lrted In this Oeed ol Tnist.the _.`"� -; ';r.�
<br /> +���' � . ntate or M any of the Retated Dxumanb. .
<br />���` � Fatse Statemente. My warranty.representatfon ar statement maQe or htmished to Lender by a an behalt of Twtor urtder ihfs Oeed ot Trusl, '� ��`�,�
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<br /> . the Note ar the Refated Dacuments is fatse or mistea�ing in eny matedoi respect,either rtow or at the dme made or iwnbRed. .
<br /> �:�: . �.� sr--_�-
<br /> �,.: , . QateCftve CWtateralTmtlan. Thts Oeed ot Trust or arry ot the Refated Dacumenis ceases to be in futl torce and eifacl prafuding failure of any .. ;x;�,,.
<br /> ,, , • • coiteteral documenta to�xeate e vaiid and perfected secur(ty interest or Iien)at any 8me end for arry reason. •. ,r�:�:
<br /> � Deatti or tnsotveney. TAe desth of Tiustot.lhe insotvency of Trustor,tde appotntmer�t of a recetvet tor eny paA of Tiusta's prrpeAy,arry � •2.z;-:
<br /> R:., asstgnment for Me benefit oi creditors,arry type o}creditor workoul,or the commencement of any praeeedMg nnder any banlwptcy ar � �
<br /> ;:,� . . . Insotvency Iaws by or against Trustar. . •�+��
<br /> �,.��: .• • • Foreetosure,FoRelture.etc. Commer�cemerd ol forectosure or forie(ture proceeQfngs,whether by judlClal OroCeeding,Seif-t�elp,repossesstan . � _ -
<br /> t. ; � • - or arry othar method,hy any credltor of Trustor cr by arry govemmentat egency agetnst any ot tha Property. Hovrever,tM.a sc�eciton shafl not � __
<br /> � � apply in the event ot a gooQ faitA dispute by Trustor as to the valldity or reasonabteness of tAa dalm wnfch b tltg bast5 ot ihb Mtectostae a � _
<br /> . , • forefeiture proceeding,provided tha!Trustor glves Lender wditen notice ot such daim and Nmishes resenres or a staety bond tor tha cTsim • •
<br /> • satisfactory to Lender. . ' '
<br />- . . �,{.
<br /> ' . � Bre�ch of Ofher A�eemen� My breach by Trustor under t�e terms of any other agreement beiween Trwtor anA lsn6er tAat is aW remeEt80 ' � �•"�
<br /> � wtthtn any grace peAOd provlded therein,induding wfthout IlmiffiUon arry agreement conceming arry indebtedness or other obiigaBon a}Tn�tor � =
<br /> {. .'1. � • � to Lender.whOtDer ebsUng now or tater. . •��
<br /> .• ya. .• t.:
<br /> �*.�'� � ' � Event9 Aftecting Quarant0i. Arry ot the preceding events oxurs wNh resped to 8ny(ivarantor ot any of t�o InQebtedness or eny Guarairtor � � ,
<br /> _,:=;, ' � di�or becomes ineompeten�or revokes ar disputes the vatidity ol,or qabUityr�nder,eny Ciueranty of the fndebtedness. Lender,8t its opttoe. . � �_
<br /> � �� may,but shail not be requlred to,permlt the Ouarantors estate to assume uncond�toctislty the obtigatlons ttristng under tAe guaraMJt in a �: � .
<br /> manner 5attstactory to Lender,an0,in doing so,cure lhe Evenl of OefaulL
<br /> , � InseeuAty. LenQer In good felth deems ils9it(nsecure. • .
<br /> Right to Cure. If such a fal►ure 15 curabie and it Tnistor has noi been ghren a noUce o1 s breach oi lhe same provislon ot this Deed of Trusl .
<br /> ��•� . �' � wlthin iha preceding tweNe(12)months,it may be cured(and no Event of Oefautt w(Il have occurred)ft Tnistar,efter Lender sends wtttten �`•�..:.•:
<br /> . . ttt noUCe demanding cure of SuCA faiture: (s)Cures the failure within ten(10)days;or (b)it the cure requires mBre fhan ten(10)days.immediately .
<br /> • ' � inittates steps sutBdeM to cure the faiiure and thereafter conUnuElS and completes 811 reesonabie and neCee,sary steps su(flCient fo produce . �
<br /> �'�•�� CampGance as Soon as reasonabiy pracOcal.
<br /> , . . ,' RIGHTS AND RHtAFD1E9 ON OEFAULT. Upon the oCCUrtenCe of 8ny Event ot DefBUil 8nd at atry dm9 thereafter,Ttustee or Lendar,at fts option, • .�"
<br /> may exerdse any on9 0►more of the following dghls and remedies.In BddlGon to any other dghts or temedies ptovl6ed by law:
<br /> . �:
<br /> . { Aeteletetlon upon Oetaulh,AQAltfonaf Remedle9. It any evenl of dsfa�df ooeurs as per the terms of the Plate seeured hereby,6endet may „ ,
<br /> • . � deciare e11 indebtedness secured by this Oeed of Trust to be due and payabte and ths same shall thereupon beeome due and payaDle w(thoul
<br /> .�� � • . , ,.j eny presentment,demand,protest or noUCe of any kind. Thereafter.Lender may.
<br /> ^��� , � (a) Either In person or by agent,wHA or without bdnging any actlon or proCeeding,ar by a recelver appointed by a cowt end wlthoN .
<br /> rdgard to the adequacy o}its security,enter upon and take possession of the PropeRy,or a�ryr paA thereof,in its awn namg or in ihe name
<br /> ot Trustee,and Qo any acts wA1cA it Eeems necessary or destrabie to preserve the valu0,maAcetability or rentabllity of the Propetty,or peA
<br /> = � of the Property or interest in tAe Property;increase fhe Incoma hom the Property or protect the secudty of thg Puoperty;end.wNh or without ,
<br /> �°. ��. ; taking possessian ot tha Property,sue!or or otherwlse collecl the rents,issues and profib ol the Properry,Inctuding those past due 8nd � ' '
<br /> _ • `: unpaid,and appiy thu same,tesg costs an6 expen5es o}operatlon and coltectlon,inciuding attorneys'tees,to arry indebtedness Secure0 ,
<br /> - ' ! by this Oeed ot Trust,a�l in such orCer as LonEer may determine. The entedng upon and taking possesslon of the Proporty,tAe toQectlan � .
<br /> F.,� i n}such rents,issues and profits,and tho appilcaUOn thereof Shall not cure or walve eny deisull or notiee ol defaNt under thi9 Oeed otTrusl ' , .
<br /> , i or invalldate any ael done in response to such defaull or pursuant to sueh noUce of Qefauff;and,notwithstanding the eonUnuanee In
<br /> �.^ . � possesston of the Property or the coltecUon,recelpt and applicaUon o1 renb,issues or profits,TrusteB or LenAer shell be entiUed to • :
<br /> y ex¢rclse every rlght ptovidetl for in the Note or the Rstated Oocuments or by taw upon the occurrenca ot any evenl ot detault,inctuding the
<br /> ;r• '�� i dgM to exercl50 Ihe pOwer O1 sale;
<br /> ' (b} CommenCe an action to forectose this Deed of Trust as a mortgage,eppoiM a receWer or speciflcally enforea eny ot fhe covananb
<br /> , � hereof;end
<br /> � � (C) Deliver fo Trustee a wrltten dectaraNOn of default and demand for saie and a writtsn notice of detault and eleCflon to cause TrustaVB �
<br /> •- . � interest irt Ihe PropBAy lo be Sotd,whlch notice Trustee shalt cause to be duty filed tor record in the appropHate otflces af the Couniy In F �
<br /> T• , . . which ihe Property i9�oCated;and � •
<br /> y . � � (d) Wilb rospeot!o aU or any part o1 the Personal Properfy.Lender shall heve atl the dghtS 8nd remedies o18 Secured party under the �
<br /> Nebraska Uniform Commerctai Code. '
<br /> �'`'' . ' • ; Foreelosure by Power ot Sale. If Lender etects to loreciose by exercise ot 1he Power ol Sate heretn contatneE.Lender shall notiy Trustea and �
<br /> ? shail deposA with Trustee this Deed of Trust and the Note end such reCeipts and evidence ot expertditures made and secured by ihis Oeed of '
<br /> ! , • Trust as Trustee may require. � �
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