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<br /> principa!amAUnt of the indebtedness secured by this Deed of TrusR,noi Induding sums advanced to proiect the security of this Desd of '' '�=`
<br /> ___ Trust.exceed the oripinal Drincipal amount stated hE:.�ein,or$ 1@.OQ�.O�D ,whichever is greater. � ,._ _
<br />� 16.Miscellaneous Provistona �
<br /> .' `� (a)Boarawer No!Released.Extension of the tlme far payment or modification of amortization of the sums secured by this ,. , �� `':���
<br /> ; Deed of Trust granied by Lender W any suooessor in intetest oi Bomo�reer shall not operate to release,in any manner,tt�e IiabT- � � •
<br /> ry of the original Borcouver and 8ortowers suxessors in interest lender shail not be required to commence procesdings .. '...s T;
<br />, �� against such successor or refuse to extend dme for payment or otherwise modit�amortiaation of tt►e sums secured by this . _
<br /> peed of Trust by reason of any demands maQe by the original 6orrower and 8orrowers successors in interest _
<br /> ,� � (b)Lende�s Powers.Without affectlng the i'�abil'dy of arry other person liabte for the payment of arty obGga�on herein men- =
<br /> � tioned,and without affecting the lien or charge of this Desd of Trust upan any portton oi the Property not then or ttieretofore - , �
<br /> ' reteased as security for the full amount of all unpaid obligaUons,Lender may,from tlme to time and without notice(ej release , . ,_
<br /> ' any person so liable,(ii)extend ths maturity or alter any o9 Uie tertns of any such ohligxtlons,(i3ij grant other indulgences,(rv) ..
<br /> relsase or reconvey, or cause to ba releasad or recanvayed at any Ume at Lendars option any parcel,portion or ali of the � ` � , -
<br /> - Property.(v}take or retease any othar ar addiitlaarTa!security for any obligatlon herein mentioned,or(v�make compositions or _ _,___... ,^ _ _
<br />' �, :� other arrangements with debtors in relation thereto. . _ � �
<br /> (c)Forbearance by Lender Mot a Waiver.Any forbearance by Lender in exerasing any right or remedy hereunder,er oth- �,`
<br /> • erwise afforded by applicable law,shall not 6e a waiver of or predude the exercise ot any such right or remedy.The precure� ' `•
<br /> ment of insurance or the payment of taxes or ofher liens or chargas by Lender shaii not be a v�aiver ar Lenders right to aa�ler- • :" :
<br /> " _ ate the maturity of the indebtedness secured by this Deed of Trust • • -. .. - •� -'�
<br /> • . . (d)3uccessors and dsslgns Bound;Joint and Several Ua4�ility;Captlons.Tha oovenants and agreements herein con- .
<br /> , ta:ned shal!bind,and tha rights hereunder shall inure to,the respective succassors and asstgns of Lender and Tnistor.All . . :.,_�:_,s,'�
<br /> covenants and agreements of Trustor sfiall be jofnt and several.The captions and headings of the paragrapfis of this Deed of - . •t _���.;-f_�•
<br /> Tn�st are for convenience oniy and are not to be used to interpret or define the provisions hereof. ,""'�='`^�:°
<br /> (e)Request for Nal�ces.The paRies hereby request that a copy of any notice of defauit hereunder and a copy of any noUco • . �� �-'"!;':�=��j
<br /> • of sale hereunder be maiied to each party to this Deed of Trust at the address set forth above in the manner prescribed by � - �, �=�
<br /> applicaWe law.Except for any other notice required under applicabte law to be given in another manner,any noUce pr�vided for - r,��="•�
<br /> ,,. �.�.;,�,�
<br /> ' in this Deed of Trust shall be givan by mailing such notice by ceAified maii addressed to the other panles,at the address set � �'.-:�=��-��
<br /> � forth above.My notice provided for in ihis Oee�of Trust shall ba eftecGve upon mailing In the manner desfgnated herein.if
<br /> •• Trustor is more than one person,notice sent to the address set forth above shall be notke to all such persons. � .�y�','_--,--=-'�==
<br /> (fl laspection.Lender may make or cause to be made reasonable entries upon and inspsctions o9 the Property,prov[ded • •'•�'-�='�
<br /> c
<br /> ffiat Lender shaU give Tnistor notice prior to any such inspectton specifytng reasonab!e cause therefor relatad W Lenders inter- ,_�.;.���
<br /> . est in the Property. --=��- -
<br />� . (g)Rewnveyance.Upon payment of aU sums secured by this Oeed oi Trust,Lender shaU requ&st Trustee to reconvey the � ',..+� —
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<br /> ,; �' Property and shall suRender this Deed of Trust and ail notes evidencing indebtedness secured by this Daed of Trust to '.. Q�=''��=�;�=.
<br /> . Trustee.Trustee shall reconvay the Property,without warranry and without charge to tha person or persons tegally entiUed :• ,s�=.
<br /> ffiereto.Trustor shatl pay all costs of recordaUon,if any. ` - :•s;
<br /> � (h)Personal Property;Secu�ity AgreemenL As addiUonal securfty for the paymeat of the Note, TrusGor heraby granb - , ;,. ;
<br /> Lender under the Nebraska Uniform Cammerclat Code a security interest in all fl�ctures,equipment,and other personal property -� k _
<br /> ' used in connecUon with the real estate or improvements located thereon,ancl not othetwise deGared or deamed W be a part of �?�s � 7_ �' ;; . �'..
<br />� the real estate secured hereby.This tnstrument shali be construed as a Secudty Agreement under said Code.and tfra Lender -� �"��• � L. � ;`' „
<br /> shait have ail the rlghts and remedies ot a secured paRy under said Coda in addiUon to the dghts and remedies created undar - �?�r�°�s'�:'� i'
<br /> • and accorded the Lender pursuant W this Deed of Trus�provtded that Lenders rights and remedies under fhls paragraph shali ..
<br /> be cumulative with,and in no way a Nmitation on,Lenders rights and remadies ursdar any other security agreement signed by �` �
<br /> eorrower or Trustor. � �
<br /> ,_; (i)Liens and Encumbrances.Trustor hereby warrants and represents that there is no default under tho provlstons of any �' y'
<br /> mortgage,deed of Ws�tease or purchase contract describing ali or any pad of the Propeety,or other oontract,instrument or ,j�:•l
<br /> agreement constituUng a lien or encumbrance against atl or any paR of the Property(collectivety,'L[ens'),exisUng es ot the
<br /> - date of this Deett of Trust,and that any and alt existing Liens rematn unmodifted except as dtsclosed to LetWer in Ttustors writ �f•.-
<br /> ten disclosure of Iiens and encumbrances provided for herein. Trustor shall timely peAorm all ot Trustors oDfigatfons, �z y :
<br /> �• covenants,representations and warranties under any and alt exisUng and future Uens,shall prompUy►forward to Lender oopies - .;�"
<br /> oi all notices oi defauit se�t in ccnnection with any and ail exisUng or future Llens,and shall not without Lendeta pdor wr(tien ... • :` .-----
<br /> consent in any manner modify the provlsians of or altow any future advances under any exisUng afuture tlens. � �`�', .lar��-'•.
<br />' ' (p Appiicatton oi Payments.Untess othen�ise required by law,sums pald to Lender hereunder,lnGuding without Iim(taUon __ =�. ���
<br />. . payments of prindpal and interest, insurance proceeds,condemnadon proceeds end renb and proftls,shail be epplied by
<br /> Lender to the amounts due and owing from Trustor and Borrower in such oNer as Lender in its sate dfscretion deeme Aesir• �•• ,-,y, -��-„�"'°-';�
<br /> eble. �— :r��.:
<br /> .. (k)3svarab(lity.lf any provision of this Deed oi Trust wnflicts with applicabte law or is declared tnvaib or othenMlae unen- � ..,
<br /> � forceabte,such conflict or inva8dity shaU not aHect tfie other provisions ot this Deed ot Trust or the Dtoto whiCh ran be gtven �=
<br />� effect without the conflicting provlsion,and tfl this end the pravisions of this Deed of Tnist and the Note are declared to be sel- �.��'�„H;•_ "�"`�
<br /> • erabb. �
<br /> (I)Terms.The terms'Trustot'and'Borrower shall inciude bo(h singutar end pturat,and when fhe Trostot anG 6orrowet are .��-
<br /> ' "� the same person(s),those terms as used in this Oaed of Trust shall be interchangeable. -�=,,a;r--_—
<br /> (m�Govemtng Law.This Dsed oi Trust shail be govemed by the laws o!the State oi Nebreska. �:•���
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<br /> Trustor has executed this Deed of Trust as of the date written above. :•."'�����
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<br /> Flarvin G Sredlund . Huaband Trustor Trustor
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<br /> • Lin a vedlun , Ylife T►ustor Trustor .��.
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