|
.... �...__.r___�_,/_ � . � . _ . _ ----..-- `.. � � _ ''�;
<br /> � . - �5�:
<br /> ! - . Page 5 � � � � . •-
<br /> ' • 03-t2-ts97 DEED OF TRUST . 97` ���"�� _ ,;,:a
<br /> ;..
<br /> s Loen Mo 433557 (Continued) , t
<br /> ! t 'r
<br /> RIGHTS Al1D RE�NEDIEB ON OEFAIAt. Upo��he oecucrer�oe of any Ev8n1 ot OstauR 8nG at any 4me thereafter,7rustee or Lendsr,at As opUOn. f , �;..
<br /> EIN -
<br /> S mgy ex�g any ptW Gr moro of ihe fo:owing�t8ht�end remedies.�n addiLOn to any other nghts or remedies providad by t8w: ,,
<br /> Ayt�tetati0n upOn Defauli;AQdfUortd Remedtes. If any event ot defautt occurs as Per the terms o f t he N o t e s e c u re d h er eb y,Lende��:aY � � , ,
<br /> EgC18te a111nd8Dtedtte5s SsCUred by thLS Deed of Tnul t0 be Oue and payable and the sBm9 sha�l thereupOn become dus and payab�e wdhout F . ; 'c
<br /> " any presentment,demend.Orote$1 or nodze of 0nY klnd.Thereafter.Lender may: • ' -
<br /> • in rson or b a nt,wdh or wilhout bringing any acUOn or proceeding, or by a recerver appointed by a Cotu1 a�d Wnhme �. . ' �
<br /> (a) E'ither Pe Y 98 r.
<br /> reg3rd to the adequaCyt ot itg SeCUrity.enter upon Sntl take posssssion of iha Prope�Y.or any part thareof,in its own name or�n the a
<br /> Of Trustee.8nd do eny ects wflkh it deem5 neo�sssry or desuable to preserve the val�e,msricetsbtlity or rent8bi��ty cf the Property.o�P� ,
<br /> of the Proparty or int9test io the PtopertY;iacrease lh9 income hom th9 Property or proteCt the secunty of the PropeAy;and.W�th Of YlIthOUt .
<br /> tek(ng pos58551on a!tho PrOpenY.sue fOr or cthenwse collect the rents,�ssues and profits of tne Pro9arty.i�luding those past due and ,
<br /> unpr•id,and appty thg same,less cosis end exper�ses ol opera5on and to!l2ction.u�clud�n8 attomeys'fees.to any indebtedness secured 4
<br /> by this Oeed ot Tntsf,a0 in such order as Lender maY determine. The entering upon and ffikmg posssssion of the Property.the eoltec6on .
<br /> � o}SuCh rents,Issu9S 8nd profits,and the applieaUOn thereof shall not cure ar vraive any de�ault or notice of defauR under this Oeed ot Trust
<br /> or Invafidate ar►y ac!done in response to such detault or pursuant to suc►�nohce ot de�autt:and, notwitt�tanding lna conhouance�� '.
<br /> { ppssession o4 the Prope►tY or the collaction, receipt anA application o} rents, �ssues or profits,Trustee or Lender shal� be enbUed to ;
<br /> � exprciso every rfQht Proyded tor in the Note a the Retated Dceumonts o�by Iaw upon the occurrence of any event of de�sult,induding the �_ �. •
<br /> right to exe�ise the power of sate; �'
<br /> (pj Commence an action to toredose this Deed of Trust as a mortgage,appoint a receivor or specificaity entorce any ot tne covenants ,
<br /> hereaf;and �.
<br /> � icnt�erest i�the Property to be sdd,Q wNr,�h�n tice Trustee shall cause to be8duiy filed fae record in the appropna ao�ces o�ee�u�MYr� , -
<br /> whkh 1h9 Property is located:and ' :��:�'�;�
<br /> (d) {�y�rth�,pgct to¢U or any part of tt�e Personal P�operty,Lender shaU hava ell ths rights and remedies of a seCUred party under the
<br /> Nsbreskn Unifortn Commercial Code. ' -
<br /> Fproctusurs by DaAtN ot Sate. If Lender eleds to foreciose by exercise of the Power of Sate herein contained,Lender shail noGty Trustae and
<br /> shaB Qe�osti wlth Trus�ea it�s Deed Of Trust and the Note and such receipts and evidence of expenditures madt�and secured by this Oeed of , : .__
<br /> �' �
<br /> . TNSt es Trustee may requtre. � .
<br /> (a) Upon receifli of such notice hom Lender,Truslee shail cause to be recarded,published an3 detivered to Trustar such Not�ce of Delault . ._ , __
<br /> artd Not(ce ol Sa1e as then required by taw and by this Deed of Trust 7rustee sha11,without demand on Tnutor,after such time as may �� , - •�� 4�t
<br /> � then be required by Iaw nnd after recordation of such Notice ot Dehault and atter Notice o1 Saie having been gnren as required by law,sell � ' ,
<br /> ihe Properly at the Ume and piace of sale foced by ft in such Nofice of Sale,either as a whole,w in separata lots or parcefs or items as ,:y��,�,—
<br /> Trustee shall deem expadtent,and in such order es it may determine,at pubtic auCtion to the highest btdder for cash in law(ul money of , . . ,�
<br /> . tne Unitad States payabie at the timo of sa►e. Trustee shall deiiver tp such purchaser or purchasers thereof fts good and suffiaem deed or . � . ,•••=' ,
<br /> deeds conveyiny the proPeAY so sold,but withoul any covenant or warranty,express or implied. Fhe recitals in such deed of any matters ._."Q ,,��d� �_
<br /> pr faCts SheD be condusive praoi of iha bulhtulness thereof. Any parson,�nduding withoul 6mdation Trwtor.Trustee, or Lender, may '
<br /> purchase at such sele. , �
<br /> :..�:�. .
<br /> (b) As may be petmitted by law,after deducting all costs.fees and expenses of Trustee and of this Trust,inciuding Costs of ev�denCe of _ •
<br /> GUg in conn9Ctlon w(th 5819,Tn�Ste9 Shail appiy the proCeeds of sale to payment ot (Q all sums expended under the lerms of this Deed ot ^;�.� ,, .
<br /> T t u s t or un der ihe terms of lAe Note not then repeid,inGuding but not iimited to aaxued interest and Iate charges, (ii)e��other sums than .;M1'', •a�.
<br /> � � secured hereby,flnd p�)tha rematnder,H any,to the pe�son or persons Iega�1Y enGtled thereto. � �'•'�u�
<br /> (c) Tnrste0 ma y in th0 mannar provided by law postpone sale of ail or any portion of the Properly. , ".r S�j. Y�.� :,
<br /> r � r.
<br /> R e m e d i q N o t E Y d u s i v e. T r u s t e e a n d L e n d e r,a n d e a c h o�t h e m,s h a l i b e e n ti u e d t o enf or c e pa ymant and pertormance of any in debte dness � t ;.;� ; ;-
<br /> or obllyailpns seCUred by idis Oeed of Tnul end to exercise all rights and powe�s undet tAis Deed of Trust,under the Note,un08r any o f t he , .;�1�:-
<br /> R O t e t e d D o C U m B n t S,O r u n d e r 8 n y O t h e�e g t 6 8 m ent or an y iaws no►v or hereafte�in torce:notwithstanding,some or all of such indebtedness _ �?j}:` :
<br /> � and obpgaUons seCUred by ihis Deed ot Trust msy now u hereafter be othanvise secured,whether by mortgage,d e e d a f t r u s t,p t e tl g a,i i e n, . �L�
<br /> e55iynment or otherw�se• Neither tAe acceptence of ihis Deed of Trust nor ds enlorcement,whelher by couA aCGOn or pursuant to the power of �:`
<br /> � sale or other powers Contalned in lhis Deed of Trust,shall prejudice or in any manner affecl Trustee's or Lender's dgAl to realiie upon or .�;;
<br /> !:.,.,.
<br /> entOR�8ny other SeCtully nOw Ot Iteresfter liel0 Dy irustee or isnde�.d'uo���g aycaad iriat Tr,,:;es anC Londer,8!!d 88Ch Qt fhEm,ShAll b9 - - -_ - � .3 �� _
<br /> enUtled to enforee this Oeed ot Trus1 and any other securtry now or hereatter held by Lendar or Trustee in such ordet and manner es they or �'"`�-
<br /> eithar oi them may in ihe{r ebsdute discrellon determine. No remedy con}erted upon or reserved to 7nutee or Lender,is intended to be ��. ry,����__
<br /> �cctusiv�e of any ottier ramedy in this Oeed ot Trust or by law provided or permitted,bui each shafl be cumulotive and sha11 be in addiUon to �� _
<br /> ,! evety pther tempdy plvYn In thf9 Deed o}TNSt or now or hereafter e�osting at Iaw or in equity or by sffitute. Every power or remedy given by the -
<br /> ; Nafe or any o1 t�e Related Oocuments to Trustae m Lender or to whlch 8ilher pf them may be otherwise enGUed,may be exercised, ..� ;!� '�
<br /> '� cpnCUrtenUy or intfepenQenUy,hom bme to Ume and es often as may be tfeemed expedient by Trustee ot Lender.and efther ot them may :�_�:_.,,f.
<br /> � pwsu0{nCOnsbtenl rem0dbs. Nothlnp In fhis Oeed of Trust shall be construed es DrohiCiGng Le�der hom seeking a deflctenCy Judgment
<br /> � e y a i n s l l h e T r u s t a t o t h e e x t e M s u ch a cUon H Pe�mitteG b y Iaw. . . . r`•� -
<br /> Request Fol NoUC1. Trustot.on bohatt of Trostor and Lender,hereby requests thet a copy of any Notice of Oe'aull 8nd a Copy ot 8ny NotiCe �•'¢ T.�
<br /> . .�j of SoJv unde►tNs Oeed of Tna9 be ma(bd to them at the addresses set fodh in Ihe flrst paraqreph of this Deed ol Trust. '��ca�;- '"`
<br /> �N.'� :
<br /> � WaiVar,EtECUon ot itemedtes. A watver by 8ny party ot e breaCh of a provision of this Daed of Trust shall not eonstitute e waivar ot or ,,�.�,!
<br /> ' �j preJudice the party�s d�ht5 otherwlse to demand strid compliance with that provision or any olher provision. ElecUon by Lender to pursue any � ,.��.
<br /> � ; remedy provided in thb Deed ol Tnist.th�Note,in any Reteted Oceument,or provided by law shall not exclude pursuit of any other remedy,
<br /> � and an aaCUon to make e�anditur6s or fo feko action to peAarm an obligation of Trustor under this Oeed of 7tust atter 1a►tute of Trustor to �
<br /> peRorm sh60 not aNeCt 48nders rlght to deCiare e detautt and to exercise any of its remedies.
<br /> AttOmeys'FEe�ExpB(1S8s. �1 Lendet institutos any suit or action to enforCe any ol Ihe terms o1 this Oeed ot Ttust,Lender shall be entitied to
<br /> in��vedse�llh�eespn bia e�enses incurtedby Leende wh'ch In Lenders op�inion are Inecessary at any ti e fovr t protect�on of ts nteresl o�lhe • ,
<br /> entaCement o}ib dphts shall decome a 0�01 the Indebtadness payable on demand and sha�l bear interest et the NOte rete trom the dete o� ,
<br /> e�enditute unW repffid. Expenses eovered by this peragraph iaClutle.wdhoul limit8lion,however subjeCt to any limits under eppGCabte Iaw,
<br /> Lendei'a attomeys'fees whether or not there is a lawsuif,including attorneys'tees tor bankruptcy proceedinps(�nctuding eftoAS to modify or
<br /> i vacate any autpmaUo stay ar InjuncUon),appeals and any enUCipated postyudgment conection sarviCes, the cost of searching records, .
<br /> pbffilning tiUe repOAS(inc�uding torpclosure repoRs),surveyo+s'reports.eppraisal fees,titte�nsurence,and tees for the Trostee,to the exteot ' �•_
<br /> pertnitted by app�eabte law. Trustw also�vill pay eny court costs.In addiUon fo ell other sums Drovided by Iaw.
<br /> � R1�1ts O}TNStEa.Trostee Shall heve a0 of the dghts tlnd dutles ol Lender as sel todh in thls SeCtion. �
<br /> pOWER9 AHD OBLIfiATlQHS OF TRtiSTEE• The foltowing provlsions retat�ng to the powers and obtigaflons of Trustee are paA of th�s Oeed of
<br /> Trust.
<br /> Powef�o!Tfu9lee. tn nddillon to all powers of Trustae arlsing as a matter of Iaw,Trustee shall have the power to take tne tottowing actions . _.
<br /> wlth respect to Ihe PtOpBtty upon ihe written request ot Lender and Trustor: (a)join in preparinp and hling a map or ptat ot the Real Property, � � .
<br /> indudirtg the dedlcedon o1 sVeeLS or othet tlghts to t�e Dublic: (b)join in granting any easement or ueating any restriction on the Real Property: , � ,_
<br /> . and (C)Joln In any subordfnaUOn or other agreement attecling this Deed ot Trust or tne interes�01 Lender under thts Qead of Trust. � ,-.
<br /> TNBtee•Tnutee shsll meet all qualiflCations requlted for Trustee under applicabte Iew. tn eddition to the rights and remedies sef fodh abova. _
<br /> � vAth respect t0 af1 or any parf Of Ihe Properry,tha T�ustee Shalt have the rtght to toreGose by notiCe end sale,and Lender Shall have the nght to
<br /> i toredose by JudiClal foreclosure,�n eiiher C8S8 In aCCOrdance with end to the full extenl prov�ded by&pp��Cable law. � ' `.
<br /> + guceessor Trustea. LenQer,at Lenders option,may hom time to time ap0o�nt a suceessor Trustee lo any Trustee appo�nted hereuntler by an � —
<br /> ; Insbument executed and ecknowbdged by Lender and recorded ln the oKice of the reeorder ot HALL County,Nebraska• The instrument shall .
<br /> Conteln,In aCdllon to ell other metters required by state law,the names of the original Lender,Trustee,and Trustor,the book and page(or
<br /> Computer system retorence)where lhis Oeed o}Trusf is recorded,and Ihe name and address of the succossor trustee.and the instrument shall .
<br /> be OxecUted and acknowledgod by all fhe beneflclaries under the Oeed ot Trust or their successors m interest. The successor trustee,without _-
<br /> , convayana�ot the ProperN.shall succeed to eli Ihe 41I8,power,and duties conferred upon Ihe Truslee in this Deed of Trust and by applfcable
<br /> i taw. Th}s procedure tor substilu�ion o1 trustoe Shal{govern to the exClusion o1 all other provis�ons for subst�tution. �
<br /> ! HOTICES TO TRUSTOA ANO OTMER PAATIES. Any notice under this Deea or irusi sna�i oe m wnLng,ma�ba b�s ent D�taal��ir.Lta•snd sh3! _ ' ,
<br /> t �
<br /> � ' _—
<br /> - . . .._ _�• -,
<br /> . . --�•r,^.-^��._.. . .. .. . . . � . . • . � - ' • . . ".
<br /> . . � . ,i
<br /> - - � .. � .. 'J � .i,. • ' •. _ . . .. _ .r.: .��.-�-.-.-�--*r�" . . .. � ' .. � .
<br />_ ' �`. � . .. . ' . . • . . . - . - M . _. . � . . , t. . .. . . �
<br />
|