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98102536
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Last modified
3/12/2012 11:26:11 AM
Creation date
10/19/2005 5:23:05 PM
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DEEDS
Inst Number
98102536
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� 98- 1�253s <br /> obligadon, may make or do the same in such manner and to such extent as either may deem <br /> necessary to protect the security hereof. Trustor shall, immediately upon demand therefor by <br /> Beneficiary, pay all costs and expenses incurred by Beneficiary in connection with the exercise <br /> by Beneficiary of the foregoing rights, including without limitation costs of evidence of title, <br /> court costs, appraisals, surveys and attorneys' fees. <br /> S. Em�nent Ibnea�n. If the Trust Estate, or any part thereof or interest therein, be <br /> taken or damaged by reason of any public improvement or condemnadon proceeding, or in any <br /> other manner including deed in lieu thereof("Condemnation"), or if Trustor receives any notice <br /> or other information regarding such proceeding, Trustor shall give pmmpt written nodce thereof <br /> to Beneficiary. Trustor shall be entitled to all compensation, awards and other payments or <br /> relief thereof and shall be entitled at its option to commence, appear in and prosecute in its own <br /> name any action or proceedings. Trustor shall also be entided to make any compromise or <br /> settlement in connection with such taking or damage. <br /> 6. Appo�ntment of Successor TYustee. Beneficiary may, from time to time, by a <br /> written instrument executed and acknowledged by Beneficiary, mailed to Trustor and recorded <br /> in the County in which the Trust Estate is located and by otherwise complying with the <br /> provisions of the applicable law of the State of Nebraska substitute a successor or successors to <br /> the Trustee named herein or acting hereunder. <br /> 7. Successors and Assigns. This Deed of Trust applies to, inures to the benefit of <br /> and binds all parties hereto, their heirs, legatees, devisees, personal representatives, successors <br /> and assigns. <br /> 8. Merger, Consolidation, Sales or Leases. Trustor covenants that Trustor will not <br /> sell, lease or otherwise dispose of any of the Trust Estate. In the event that Trustor sells, leases <br /> or otherwise disposes of any part of the Trust Estate, Beneficiary may at its option declaze the <br /> Indebtedness secured hereby immediately due and payable together with accrued interest and late <br /> charges, whether or not any default exists. The covenants contained herein shall run with the <br /> Property and shall remain in full force and effect until the Indebtedness is paid in full. <br /> 9. Events of Default. Any of the following events shall be deemed an event of <br /> default hereunder: <br /> (a) default shall be made in the payment of the Indebtedness or any other sum <br /> secured hereby when due; or <br /> (b) Trustor shall perform any act in bankruptcy; or <br /> (c) a court of competent jurisdiction shall enter an order,judgment or decree <br /> approving a petidon filed against Trustor seelcing any reorganizadon, dissolution or <br /> similar relief under any present or future federal, state or other statute, law or reguladon <br /> relating to bankruptcy, insolvency or other relief for debtors, and such order, judgment <br /> or decree shall remain unvacated and unstayed for an aggregate of sixty (60) days <br /> oiiss��o.i 3 <br />
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