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<br /> _;�;j,�.� 'Procee�")In connectlon with condemnatlon or other takinp o1 tha Property or part thereof,or for conveyance In Ilou ot coiufemnatlon.
<br /> :��`�;•:,- ..�r Lender shall ba entitted at Ite optbn to commence,appoar In and prosecute In Ite own nnme any action ar pro�eedln�e,end ehalt Aba
<br /> � •�� !+ be entilled to make any cumpromise or aetttement In connectlon wlth auch taking or damape.In the event sny podion af lhe P�opertyr ta _
<br /> so taken or damaged,Lender ehall havo tha optlon In Ite sole and absoluto diacretlon,to appiy all such proceeds, attor daductln� �
<br /> „ •�s thsrelrom all coata aM expensea Incuned by It in conneailon with euch Procos�s,upon eny Indobtndnaua cocs�red horoby nnd In�uch �`
<br /> � x, order aa Londee may detormine,or to app�y aIl euch Procaeds,aftar Quch deduCUons,to lhe reotaration of the Prope�ty upon erch can- R
<br /> d1Uoc�s as Lender may determine.Any eppl4cation o1 Proceede to Udebtddneas chail not oxtend ot poetpone t9�e d��o dato 01 any pey- �,'
<br /> ��� � mente under tttie Note,or cure any cfelault theraunder ar horcundar.Any unupplied funds ahnll[�e pald to Truetor, ��
<br />.�:�,'y�#�,� � 8.Ps�tornunc�by L�nMr. Upon the o�rr6nCe o1 an Event of Delsult hereunder,or If uny uct la taken vr lepel procee�ing �_
<br /> R�. commar�ced wh�b materielly aHects Lendore Interent In the Propery,Lender may In pe own discretlon,bul willwut oWlpation to do aQ, �'
<br /> y.� and s:fihaut na2lc�to or dcmand upon Tr��tor und�,yltho�at releasing Truetor frorn any abll�atlon,do any ac1 which Trustor hae egreed
<br /> -- - but (allad to do end may elso do any other aci{t deoms necessery to pr�tect the se�curliy hereot.7rustor shall,Immedlately upo� �:`
<br /> ' demand therefor by Lender,pay to Lerxiur sll costs and expenses incurred and sums expeixiod by l.ender In connection wllh the axer- �.;,
<br />.'-:;..� cl�e by Lersder ot the Iorep�ing dghts,together witfi Interest thoreon at the defeuit rate provided In tha Nate, wh�h shatl be addad to �,�:
<br />-'�� �'' the Indebtedneas secured hereby.L�nder shail not Incur any Iiabllity because of anything It may do or om14 to do hereunder. �,
<br /> � 9. Herardow NlatKiaU.Trustor shali keep the Praperty In compllnrtco wNh all appp�cabio lawo, ordtnancea and roaulatlons �_
<br /> • •„.�� rQlating to IndusUl�l hygiene or envlronrr►ental protecUon(collactivoty ret�srred¢o herein as"EnvironmentaJ Lawo").Tnistor shall keep __
<br /> +� the Property freo irom all substances deemed to be hazsMous or toxlc undor nny Environmentai Lavie{cotlectivety referrod to herei� __
<br /> �-�' �r as"Hezarclou�Materials").Tr�stor horeby warrents and represents to Lendor thai there ere no Hazardous Materials o�or undor the �
<br /> 'x��y •' ; ; Property.Trustor hereby agrees to Inriemnity and hold h�rmisso Lender,its directors,oif�ers,empt�yeea and apents,and any eucces• -
<br /> sorn to Lendors Intarest,trom c�nd n�alnat any and a0 ctalm�,damaQes.losses and IIabIllUea adsinp In aonrtectbn wit�the presence, _
<br /> " . .�' use,disposel or trans,00n of any Waaarcloua Materials on,under,trom or about the Property. THE FOREdQINO WARRAN7'IES AND --
<br /> +_-�.._,�� ' REPRE&ENTATIONS, AND TRUSTOA'S OBLIOATIONS PUR�UANT TO TME FOREGOING INDEMNITY. SHALL SURVIVE _
<br /> �.'^ RHCAt�VEYARVCE OF THIS DEED OF lAUST. `
<br />-�`ti�. � ' �p,Aaalgnrn�nU�ot R�nt�.Trustor horeby assigns to Lender,a�d g►ante Lender a aecudry Inte�est in,all presenL tuture and _
<br />' f"` '`� after adsing renb,i�sues and profits of the Property;provided that Trustor shall,untll the occurrence of an Event of Detautt,hereunder. _
<br />-�;��:':�.�;r� h�►v�the right to collect end reteln such rents,issues and prof(ts as they beoortte due and paya6ie.Upon the occurrence ol an Event o}
<br />' � � � Q�aul!, Lender may,either In person or by agent,w(th or wlthout bringing eny actton or proceeding,or by a recetver appolnted by a "
<br /> _�..,� couR anct without�egard to the adequacy of Us secudty,enter upon and take possesslon of the PropeAy,or any part thereoi,in its own
<br /> ,: nflme or in the name of lhe Trustee,and do any acts wPdch it deems necessary or desirable to preserve the value,marketaMilty or
<br />:.�, . :�;.��. rentabflity of the Properiy,or any paR thereof or interest theretn,or to Increase the income theretrom or pr9!ect fhe security hereof end, _
<br /> tv �� w;th or without taking possession of the Properiy,sue br or otherwise collect the rente,issues and proflts thereof, including those past
<br />'��{' � duo end unpaW,by notifying tenants to make payments to Lender.l.ender may appiy rents,Issues and proiits,less coats and expens-
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<br />- � es of operaflon erd colloctlon including attomey's tees,to any indebtedness secured hereby,all tn such order a3 Londer may ter- _
<br /> T�'���"''!� mine.The entedng upo�aixi taktng possesslon of the Property,the col!ectbn of such rents,issueo and profita, end the appiicaUoti
<br />:,��•_4,ti+� thereal as atoresaSd shall not c�re cr waivo any defauft or notice of defauit horeundor ar invalldate any act da►e in response to such
<br /> :;�:°;�, ' defeult or pursuent to suGh noUce of detault and. notwtthstanding the continuance In possesolon of tho p�ope�ty or the collecUon, _
<br /> --_:=';� - reaeipt and applicatwn flrr rents,issues or proi�ts,1 itf9ieti and Liifiu8i oi�81I uo 6�i�3E�L3 sxar�w c;s;,ri::�!aro::w!!�s!�s;�!ft+�
<br /> ~'`'��. Loan Instrumenls o►by law upon occurrence of any Evant ot Default,Includinp wiihout Iimitatlon the right to exerdse lhe power of c�a{e.
<br /> �,����i� Further,Lender'e righta end remedies under thla paragraph shall be curt�ulnUvo with,and in no wey a Iimitaliari on.lenc6er's rights and
<br /> ���� remedies underany assignntc�nt at leases end rents reaarded agairost tha Property.Lender,Trustee and the receiver shalD�a IVeble to
<br /> __---- aocount only for those renta ect�alty receivod.
<br /> 4-'s� 11.Evants of llsf�ult.The tollowing ehali constitute an Event ot Oefault under thia Deed of Trust:
<br /> - -=o� (a) Fallure to pay any Instellment of pdncipal or interest oi eny other sum secured hereby when due;
<br /> "�-- (b)A brsacb of or defauit un�ier any prov(slon contained in tbe Note,this Deed of Trust,any o!the Loa�In�huments,or eny
<br /> --_,.�,� other Uenor encumbrance upon the Properiy;
<br /> __,":,�4�� (c) Awrit oi exxutlon or attachment or any simllar proceas shall be entornd against Trustor which shall becomo a Iten on
<br /> -- the Property or any portlon thoreof br Interest therein;
<br /> (d�Thero sht�ll be filod by or agalnst Trustor or Borrower an actlon under any present or future feclo�l,state or other stetute,
<br /> law or�egutatlor�telaUng to bankruptcy,Insolvency or other rellof tor debtors;or thore shail be appoint�d any trustee,reoeiver or
<br /> liquldator of Trugta or BoROwer or of all or any part ot the Property,or the rents,issues or protits thare,cf,or Trustor or Bortower
<br /> = s�Aii mako eny penerel assignment for tha benefit of credttore;
<br /> . (a) TAa sale.transter, lease, asslgnment,conveyance or further encumbrance o9 all or eny psrt ot or eny inteTest in the
<br /> Property,either voluntadty or Involuntadiy.wfthout the express wrttten conaent of I.er�uer,provided that Trustor shall be permit-
<br /> ted ro execute s lease of the Properry that does not contafn an optlon to purahase a�al the tertn ot wMkh does not exceed one
<br /> . year,
<br /> - � - � (�Abandonment of the Properly;or
<br /> � —. (g)If Yrustor Is not an trwlividual,the Issuance,eaie,trensfer,essignment,convoyance or encumbrance of more than((t a
<br /> corporatlo�)a tot�l ot _percent of Ita Issu9d and ou4standinp stock,ar(it a partnership) e totei ot per-
<br /> —"—�, cent of partners?�ip interests,or(ii a lienfted Ilabiilty company)a totel of percent ot the limited liability«�mmpa-
<br /> ��_- ny interests orv�,ling rights du�ing the pedeallhis Deed of Trust remalns a lien an the property.
<br /> -.— 12.Rem�dla;AecNontlon Upoa�Def��7d.tn the event of any Event of Defeu�t l.ender may,witfiou2 mtice exccspt as requlred
<br /> � by law.deciare all indebtedrtess sscured hereby to tre due and puyable end the same ahuil tmnraupon become due snd payabte with-
<br /> _ _` out eny presonVnent,demand,protest or not(ce o}any kind.Thoreafter Lsndar may: -
<br /> .:==�'���, (a)Demand that Trustee oxeraise the POWER OF SALE granted heroin,and Truslae uhall thereafler Gause Tniatar's Inter- _
<br /> - est In the Propertyr to bo sold and the procs�sds to bo dlstdbuted.ali fn the manner provided in the Nebreska Trust Oeeds Acfi
<br />_ -'�••�� ^w(b)yE�xercisrj any and all dght,g provklacl tor in any of tho Loan Instruments or by law upon o��urrence oi any Hvont ot __
<br /> -`�A`~���9 Yo�a�ll�8� _'
<br /> (c)Commence an action to fo�close this Deed ot Tru3t as a mortg,age,appoint a recelver,or apo�iflcally entorce any ot the
<br /> ',,'�'_=',-'e`,;. covenontn horoof. -
<br /> • � � No remodyr hqrein coc►tertod upon or rosenred to Trustae or Lendav is fntendod to bo oxclucivm ot any other remody herefn,in tho l.oan -
<br /> �• •�.i� •!' Inotrumonta or by law provkl�d or pormittod,but oach shall lx�cumulative,shnll bc�In addition to avery other romody glven horeundor, =
<br /> "��~� ��,� :� in tho Wan Inutruumonts or now or hareatter existing at law o�In equfty or by stat�te,and may bo exerdsed cancurrentty,independently ''
<br /> � � or sua;esivoty. �.
<br /> ; �i 13.Tru�ts�.The Tn[utse may resign at ar�y timn without cause,and Lender m�y at eny time and wittwut cauae appolnt a st� �
<br /> ���:`%:,;;,;,,•_ ! cessor or cubslihrte Truatee.7rustoe shall not�e Iiabfe to any partyr,fncludirtp without Iimttation Lender.Borrower,Tnrator or any pur- �;,
<br /> . . . . . . ..�_____..��u..�_t__�J..� ��.1..�...0....�1....�.n..t.�e.l�..feLa nnu nnfW�
<br /> •�---_:,`�:..1�T�i.��' �.} ehaser o?Ute Properry.tor any ro3s or aamage urnoss we�o rexauer�s v�R�����������,.�n+W�,a....a.a����..-w.
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<br /> . ,..,,�.� fn connecUoh with the ontorc:ement of this Deed of Trust unless Indemn(tied,tn wrfdng,tor all coat�,cornpc�3aUcn or e;c{h,nso:e:hlch f
<br /> ; �• r'� may be assocleted therewith.In additfun,Trustee may bea�me e purchaser at any sale of the Proporty �udtclal or under the power of �
<br /> . ,Y�+ sa�e granted herefn);postpono the sale of ail or any portion ot the Property,as provided by law;or sett tho Proporty as a whole,or in
<br /> separate par+cels or lots at TruStee's discretion. �
<br /> � 14.Fw�end EMpe�w�.In the evant Trustse sells the Proporty by exe�cise of power ot sale,Trustee shali bo ontilled to appty �
<br /> �,r� :� any sale proceeds ti►�t to payment of all costs and expenses of exercising power of salu,fncluding all Trustoe's tegs,and Landor's and �
<br /> Trustee's ettomoy's fees, actually incurred to extent pesnnitted by appikable law.In tf�o event Borrower or Trustor exercises any dght ,
<br /> � ' '�. provldod by law to cure an Event of Def¢s�lt,Londer shall be enNt4e�to recover trwn Trustor all costs and oxponses ectua�ly Incurred as
<br /> �.,. ��� • a result ot Tr�slors dc:teult,inctuding without Ilmitntlan all Trusteo's and nttome�s fees,to the extent p�rmitted by epplicable Iaw. �
<br /> , . 1b.�uturo Ad�t�ncsa.UpQn raquest of 8onower,Lender may,et tts optlon,make additlanal eM future advances and read• � .
<br /> +� vances to BoROwer.Such edvancos nnd readvances,wflh Interest thereon,shall be secursd by this Deed of Trust At no time chall the
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