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<br /> � (b) The repaymert in fuli by Trustcr(s1 of any and atl future and additionat loans ar advances which may be made by Beneficiary,at i1s option, � i�.s
<br /> � at the request of, and to or for the account of Trustorlsl,or any of them, for any purpese.ptus intprest on all loans or advances,under any `
<br /> � ` note{sl ot other instrumentisi modifying, refinancing, extending, renewing, reamortiz��g, or resVUCturing, new existing, or addiuonal �,`� r,' , , 4
<br /> • < . indebtedness or any part thereot$�1 Payahle according to the terms of the nateis)or ofher insuumerttfs); provided, however,that the totai � � -
<br /> - � principal indebtednoss autst8nd�ng and secured hereby at any one time wiil not exceed tha sum af: _
<br /> 0 HUNORED TWENTY-0NE THOUSAND OOLLARS •�� �f
<br /> <<4 IS 221.000.00 1,exclusiva of interest and protective advances authorized he�ein or�n the loan ag►eementfsl: provi6ed funher,that TFItS �
<br /> � PARAGRAPH SHA.1.NOT CONSTITUTE A COMMITMENT 70 MAKE FURTHER OR AODITIONAL ADVANCES IN QNY AMOUNT AT ANY TiME. . � -�
<br /> � WHETHEA OR NOT THE TOTAL PRINGPAL INDEBTFANESS ABOVE HAS BEEN ADVANCED. ` � ' `
<br /> ` � tc)The repaymertt in tuli by Trustorfs)of ali amowrts advanced by Beneficiary at its optioo,to or on behalt ot Trustorlsl as protective advances � ;
<br /> —• authorized here�n,in the toan agreement(s),or in otfier instrumentls)which evidence such advances.Plus interest on ail such advances,payab�e _ ,
<br /> r es � as provided in the note(s),toan agreemertis►,or other insvumentisl.
<br /> -- - � td)The Paymant in futl of aoy and ail other past,present,ar tut�ue,ditecL or coriiingenb debts and liabilities of Trustorls)to BeneTiciary ot any _ ��'`
<br /> � • nature whatsoever. ,
<br /> � �
<br /> ' This Tnut Deed will be due March 01.Z000 ,or upon the payment in full of all sums secured hereby. . ;; ;
<br /> � . — '�.
<br /> � '`` � Trustarlsl hereby warrarns thai Trustnds)6olds fee simple titte to the a6ove described property,that Trustor(s)has qood and lawful authority to � . , ,
<br /> - � � deed and encum6er tfie same,ffiat the property is free and ciear of atl liens aaA encumhrances,except encumbrenCes ot record,and that ,:�� ,
<br /> � - Trustor(sl will warrant and defend the properN. at Trustorlsl expense,again.,^t a!!claimar.ts whomsoever_ Trustor(si siso ne•ehy wawes and �` •°-
<br /> � ralL�quishes al►ngtrts ot dower,homestead,distrihutive share,and exemption in and to the above described property.
<br /> . � " . . <a `'y:5:�'���.
<br /> ' Trustodal and esch of them further covenams and agrees with Beneficiary as foAows: � •
<br /> • + , ' �'=;;;�r:wt
<br />_ `` 1. To pay ali tiens,judgments,or offier assessmenis against tfie property,and to pay when due atl assessmertts,taxes,rents,fees,or charges ., �4�,.=•�.::.-
<br /> upon the property or umler any lease,pertnit,license,or privitege assigned to 8eneticiary as additional security to this Trust Deed,including ` , --_
<br /> � those in or on public domain.
<br /> Iz�_
<br /> 2. To insure and keep insured buifdings and other improvements including fixtures and attachmerts now on or hereafter placed on the property „` _ �'�
<br /> •�.
<br /> . , to the satisfaction of Beaeficiary. Such insurance w'sIl 6e approved by and depos'rted with Bensficiary,and endorsed witfi loss paya6fe ctause to ,,_��_
<br /> � Beneficiary. Any sums so received by Be�eficiaty may 6e used to pay for reconsuuction of the desVOyed improvements ar if not so apptied may ;�}�,�:
<br /> - " r-��• be apptied,at Ne option of Beneficiary,in payment of any indebtedness matured or unmatured secured by this Trust Deed. u�•
<br /> - -..�'=
<br /> - 3. To keep all buildings,fixtures,attachments,and other improvements now on or hereafter placed an the property occupied and in goad repair, , t;�'_
<br /> •: �'"-
<br /> - maintenance,and condition and to neither commit nor permit any acts at waste or any impairment of the value of the property. Benetic+ary may 5 ' � ,,;r_-_
<br /> � � enter upon tha propertyr to irtspect the same or to perform any acts suthorized herein or in the toan agreementls}• "'�/4
<br /> ���.�,'.'':;.'.;.
<br /> i.
<br /> �- 4. In the event Trustorlsl fails to pay any liens,judgmertts,assessmants, taxas, rents, fees, or charges or maintain any instnance on the :;°.,,�_`�r,��
<br /> property,buitdings,fixtures,attechmeMS,or improvemerns as provided herein or in the loan ag�eementls),Beneficiary,at its opUon,may make '-r,,-���.;�,
<br /> . _ such payments or pravide insurance,maintenance, or repairs and any amounts paid theretor will become part of the principal indebtedness . ,':-r:�_a�f
<br /> ' secured hereby,�e immediatefy due and payabls and bear interest at the default rate provided in the noteis)from the date of payment unUl paid. • ��� "�•�°'•
<br /> The advancemertt by Beneficiary of any such amounts wi�1 in no manner timit the right of Beneficiary to declare Trustortsl in defautt or exetcise . ..#z,-�,1j'#�':':
<br /> any of Beneficiary's other rights and remadies. ' �`�'�:
<br /> . -i:��-
<br /> , S. 1�the event Beneficiary is a party to any IitigaUOn attecting the property or the lien of this Trust Ueed,inciuding any action by Beneficiary to ' !. ;,�:
<br /> eoforce this Trust Oeed or any suit in which Beneficiary is named a defendant linctuding condemnation and bankroptcy proceedingsl 88neticlary r� �.—;;
<br /> , • � may incur expenses and advance payments for absuact fees,attor�eys fees(to the extent allowed by Iaw),eosts,expenses,appraisal fees,and ,�L.�
<br /> •, other charges and any amounts so advanced will become part of the principal indebtedness secured hera6y,be immediately due and payabte and , .�•�,;,
<br /> ' • ' bear interest at the defauk►nre provided i�the note{-y bom tke data o!advance until paid. _ .. s '.�`L:�;�,
<br /> ; j � ��Y.
<br /> � 6. Any awards made to Trustor(s)or thei�successors by the exercise of emireent domain are hereby assigned to Beneficiary;and Bene�ciary is , � 5��i;;�
<br /> �� hareby authorized to collect and appry the same in payment of any indebtedness,mature or unmatured,secured by this Trust Deed. °:r^
<br /> 7. In the evant Trustorlsl defaults in the payment when due of any sums secured hereby tprincipal, Intarest, advanCements, or protectiva ;;�-_ "
<br /> advances), or faits to perform or oDserve any covanants and condftions contained herein, in the noteis). Ioan agreemeotls), or any other , . ,�;.
<br /> � instruments,or any proceedings is brought by or against Trustorls)under any Bankruptcy laws,Beneflciary,at its option,may declare the e�are ,�,�.:
<br /> � indebtedness secured hereby to be immediatery due and payable and the whole will bear interest at the defauk rate as provided in the notets) .,��
<br /> - and Beneficiary may immediately authorize Trustee to exercise the Powar ot Sale granted herein in the manner provided in the Nebraska Trust
<br /> Deeds Act,or,at the opUon of the Beneficiary,may foreclose the Trust Deed in the manner provided by taw for tfie toreclosure of mortgages on . : :'.�-�.
<br /> real property,including the appointment of a Receiver upon ox parte aDO��cation,no6ce being hereby expresoly wa[ved,without regard to the . ,:
<br /> � value of the proparty or the sufficiently thereot to discharge the indebtedness secured hereby or in t�e toan agreementlsl. Detay by Beneticiary ���:.:
<br /> ' � in exercising its rights upon detauit will not be construed as a waiver thereof and any act of Beneticiary waiving any specified deteuk wil!not 6a :
<br /> . construad as a waiver of any tuture default. If the proceeds u�det such sate or forectosure are insufficient to pay the total indebtednees secured �
<br /> � � � hereby,Trustorts)do hereby agree to be personally bound to pay the unpaid balance,and Beneflciary will be entiUed to a deficiency judgment.
<br /> ;. ,
<br /> � 8. Should Beneficiary elect to exercise the Power oi Sala granted hereln,Beneficiary will notify Trustee who will record,publish,and deliver to , ' --
<br /> Trustor(s)such tYotice of Default and Notice of Sale as then required by law and will in the manner provided by law,sell the property et the time •� .
<br /> •• and place of sale fixed in the Notice of Sale, either as a whole or in separate lots,parcets,or items and in such order as Trustee will deem •, • , ,.
<br /> ' , , . expedient. Any person may bid at the sale including Trustorlsl,Trustee,or Benaficiary. . ..
<br /> � . ' 9. Trustorls►hereby requests a coDY of any Notice of DeTault or Notice of Sale hereu�der to be mailed by certified mail to Yrustorfa)at the . � ,
<br /> • addresslesl set forth hereln. •
<br /> , ..is
<br /> 10. Upon default,Beneficiary,either in person or by agent,with or without bringfng any action or proceeding and with or without regard to the � .
<br /> value of the property or the sutficiency thereof to discharga the indebtedness secured hereby,is authorized a�d entitled to entor upon and teke . :
<br /> � possession o1 the property in its own name or in the name of the Trustee and do any acts or expen0 any sums it deems necessary or Qesirable , .C.�:�
<br /> '" to protect or Dreserve the value of the property ar any interest therein,or increase the income thetetrom;and with or without taking possession „
<br /> •' � 01 the p►ope�S'�g AUtMn?nd�O 6VA to�or nthw.wicw r,oller.r thn rPnts,issuas, crnps,prnfita,an�1 inrnm�thPrwof, �nr.lud�ng th000 past due and
<br /> • � unpaid,and apply tho same upon any indebtadness secured hereby or in the loan agreementls)• .
<br /> No remedy heroin conterred upon or rasorvad to Trustee or Beneficiary is intended to be exclusive c any other romadV herein or by law
<br /> � provided or pormitted,but each will be cumu�ative,will be�n addition to every othor remedy given hareunder or now or hereatter existing at law
<br /> or in aquity or by etatute,and may bo exercisod concurrently,independentty or succossively.
<br /> � 11. Trustor�s)acknowledges that tha duties and obligations of Trustee witl be determined solety by the express provisions of this Trust Doad or '
<br /> tho Nebraska Trust Oaeds Act and Trustoo will not bo liable except for tho pnr}ormance of such duties and obligations as are spocifically sot .
<br /> torth therein,and no implied covenants or obligations will ba imposod upon Trustee;Trustee will not ba liable for any action by it in good faith
<br /> � � and roasonabty believed by it to be autfiorized ot within the discretion or ri�lfls ot•powe►s.confetred upon it by this Tru9t Deed or state law. � .
<br /> 12. The i�teglit��ot Trustorlst constitutas n part ot tho consideration for the obtigations secured hereby. Shou�d Trustorls! i • •
<br /> � � sell, transtqr,Qr cvqyg��oPe�Y described horein,without prior wntten consent of Beneficiary0 ,Of�Pf�clare the
<br /> ' ° ontire�ndedtedqe��_�9�mpdiEKo:�dco and payable and may proceod in tho onforcemant of its rights a- I �"���. .� � .
<br /> il�.� �}._.,._..� E• .^.C4"'��C��..'�"e:: ' . .
<br /> ' 13. Assigpme Praeeods ot Minara� Leases. T�ustorlsl heroby ass�gns, tranSt�f9"d1?r+CO�t/J9�"t6'Btln6ficiAr�all ronts, �
<br /> royaltios, �Dt1U s or othar procoeds that may trom timcr to±ime becom� duo L71V'�58ib 1Ti1tJ8TAMFe'rel§!a�loasa or
<br /> , . , undor any o�I,gas,I fl�aval,roCk, or othar mineral�ease ot any kind�ncludinc�geothotmnl rosources notiv xi9t�$pAit4Rt�mA1'�ereafter como into i ,
<br /> ' ux�stenca, covennq the property or any part thoroof. AII such sums so recowed by Banaficia►y 11.�a app�i0d to jh�Trsdebtadness secured
<br /> . horeby: or Bonal�c�ary, at its opt�on,may turn ovot and dolrver to Trustorlsl or tho�r successors i�fere,�t�,nny,Q(���01 such sums w�thout ;
<br /> ' �
<br /> � Ap�l:�0122865: Primary Customar ID p:00007492; CIF N:10062 legal Doc.Deto:March 10, 1998 page 2 ' '
<br /> , : FCSM 50t t T�ust Decd and Ass�gnment of Rents I
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