Laserfiche WebLink
. ± � gg_ l�z~r�3 <br /> TRUSTEE SHALL DELIVER TO THE PURCHASER A TRUSTEE'S DEED CONVEYING THE PROPERTY SO <br /> SOLD WITHOUT ANY COVENANT OR WARRANTY, EXPRESSED OR IMPLIED. THE RECITALS IN THE TRUSTEE'S <br /> DEED SHALL BE PRIMA FACIE EVIDENCE OF THE TRUTH OF THE STATEMENTS MADE THEREIN. TRUSTEE SHALL <br /> APPLY THE PROCEEDS OF THE SALE IN THE FOLLOWING ORDER: (A) TO ALL REASONABLE COSTS AND <br /> EXPENSES OF THE SALE, INCLUDING, BUT NOT LIMITED TO, REASONABLE TRUSTEE'S AND ATTORNEYS' FEES <br /> AND COSTS OF TITLE EVIDENCE, ALL AS AND TO THE EXTENT PERMITTED BY APPLICABLE LAW; (B) TO ALL <br /> SUMS PAYABLE PURSUANT TO PARAGRAPH 6 AND 27 OF THIS DEED OF TRUST; (C) TO INTEREST PAYABLE <br /> UNDER THE AGREEMENT; (D) TO OTHER CHARGES PAYABLE UNDER THE AGREEMENT; (E) TO THE PRINCIPAL <br /> PAYABLE UNDER THE AGREEMENT; AND (F) THE EXCESS IF ANY, TO THE PERSON OR PERSONS LEGALLY <br /> ENTITLED THERETO. <br /> 16. Our Right to Reinstate. Regardless of Menill Lynch's acceleration of the sums secured by this Deed of Trust, we <br /> shall have the right, if permitted under applicable law, to receive from Trustee a cancellation of Notice of Default if within one <br /> month of the filing of such Notice of Default pursuant to pazagraph 15 above: (a) we pay Merrill Lynch all sums which would be <br /> then due under this Deed of Trust and the Agreement, if any,had no acceleration occurred; (b)we cure all our breaches of any other <br /> covenants or agreements contained in this Deed of Trust; (c) we pay, as permitted by law, all reasonable eapenses incuned by <br /> Merrill Lynch and Trustee in enforcing our covenants and agreements contained in this Deed of Trust and in enforcing Merrill <br /> Lynch's and Trustee's remedies as provided in pazagraph 15 of this Deed of Trust, including, but not limited to, reasonable <br /> attorney's fees; and (d) we take such action as Merrill Lynch may reasonably require to assure that the lien of this Deed of Trust, <br /> Merrill Lynch's interest in the Property and our obligation to pay the sums secured by this Deed of Trust shall continue unimpaired. <br /> Upon such payment and cure by us,this Deed of Trust and the obligations secured by this Deed of Trust shall remain in full force and <br /> effect as if no acceleration had occuned. <br /> 17. Assienment of Rents: A�aointment of Receiver•Merrill Lvnch in Possession As additional security, we hereby <br /> assign to Merrill Lynch the rents of the Property, provided that prior to acceleration under paragraph 15 above or the occurrence of a <br /> default or abandonment of the Property, we shall have the right to collect and retain such rents as they become due and payable. In <br /> any action to invoke the power of sale under this Deed of Trust, Memll Lynch shall be entitled to the appointment of a receiver. <br /> Upon acceleration under paragraph 15 above, or abandonment of the Property, Menill Lynch, at any time and without <br /> notice, in person,by agent or by judicially-appointed receiver, and without regazd to or proof of either(a)depreciation of the value of <br /> the Property or(b)the insolvency of any person who signs the Agreement or(c)the value of the Property or(d)the adequacy of any <br /> security for the indebtedness secured by this Deed of Trust, shall be entitled to enter upon, take possession of, and manage the <br /> Property, and in its own name sue for or collect the rents of the Property, including those past due. <br /> All rents collected by Menill Lynch or the receiver shall be applied first to payment of the costs of operation and <br /> management of the Property and collection of rents, including, but not limited to, receiver's fees, premiums on receiver's bonds and <br /> reasonable attomeys' fees, and then to the sums secured by this Deed of Trust. Menill Lynch and the receiver shall be liable to <br /> account only for those rents actually received. <br /> The entering upon and taking possession of the Property and the collection and application of the rents shall not cure or <br /> waive any default or notice of a violation under this Deed of Trust or invalidate any act done pursuant to such notice. <br /> We will not, without the written consent of Merrill Lynch, receive or collect rents from any tenant of all, or any part <br /> of, the Property for a period of more than one month in advance, and in the event of any default under this Deed of Trust will pay <br /> monthly in advance to Merrill Lynch, or to any receiver appointed to collect said rents, issues and profits, the fair and reasonable <br /> rental value for the use and occupation of the Property or that part of the Property in our possession, and upon default in any such <br /> payment will vacate and sunender the possession of the Property to Menill Lynch or to such receiver, and may be evicted by <br /> summary proceedings. <br /> 18. Trustee's Action. At any time, without liability and without notice, upon written request of Merrill Lynch and us, <br /> Trustee may consent to the making of any map or plat of the Property, join in granting any easement on the Property, join in any <br /> subordination or other agreement affecting this Deed of Trust, or reconv.ey, without warranty, all or any part of the Property. <br /> 19.Reconvevance. Upon payment of all sums secured by this Deed of Trust, the fulfillment of all obligations under the <br /> Agreement, and termination of the Account, Merrill Lynch shall request Trustee to reconvey the Property and shall sunender this <br /> Deed of Trust and the Agreement to the Trustee. Trustee shall cancel the Agreement and reconvey the Property without wananty to <br /> the person or persons legally entitled thereto. If requested by Merrill Lynch, we shall pay Merrill Lynch a fee for the prepazation of <br /> any reconveyance or satisfaction document and shall pay all costs associated with the reconveyance or satisfaction including the cost of <br /> recordation and/or all of Trustee's costs, if any. <br /> 20. Substitute Trustee. Merrill Lynch, at Merrill Lynch's option, may from time to time remove Trustee and appoint a <br /> successor trustee to any Trustee appointed under this Deed of Trust by an instrument executed and acknowledged by Menill Lynch <br /> and recorded in the office of the register of deeds of county where the Property is located. The instrument shall contain our names <br /> and the name of Merrill Lynch and the original Trustee, the book and page where this Deed of Trust is recorded and the name and <br /> address of the successor trustee. The successor trustee shall, without conveyance of the Property, succeed to all the title, estate, <br /> powers and duties conferred upon the Trustee in this Deed of Trust and by applicable law. This procedure for substitution of trustee <br /> shall govem to the exclusion of all other provisions for substitution. <br /> 21. Securitv A¢reement and Financtng Statement. This Deed of Trust constitutes a security agreement and financing <br /> statement under the Uniform Commercial Code of the State of Nebraska with respect to any parc of the Property which may or might <br /> now or hereafter be oc be deemed to be personat property, fixtures and/or property other than real property. <br /> -7- <br /> � �,,a. t. � �3 <br /> •. .. m. �,.,.., :.. . : <br />