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<br /> 'procaeds')In rAnnocllon with condemnatlon or other teking oi the Property or part thereof, or for conveyance In lieu of condemnation.
<br /> Lend�r shall bo ontltlod nt Its opt�on to commence,c�ppoar In and prnsecute In its oNn name any action or procasdings,end shall also ,. .
<br /> bo onllllad to mnlco any compromiso or sottiomnnt in connection�vith such taking or demape. In the event any porliqn oi Ihe ProppRy Is
<br /> so takQ� or damaped, Lendar shali hove the oplion In fta sole and ebsoluta discretlon,ta apply�II such procoeds, eftar dc�ducting
<br /> thorofrom all cosls nnd oxponsos mcurred by It In connectlon with such Proceods,upon any indebtedness secured hereby and in such
<br /> order as Lnndor may dotormine,c,r to apply eil such Proceeds,efter such deductlons,to tho restoraUon of tho Praperty upon such con-
<br /> ditiqne ns Lendt�r mAy dc�torntfna.Any appllcatlon af Procaods to Indobtedness shell not�xtond or postpone tho due dat�of any pay-
<br /> • � monts ander Ihe Mote,or cure any default therounder or herounc9er.Any unappllad funds shall be pafd to Trustor.
<br /> 8. Pertormnnce by Lender. Upon the oc�urrence of an Evenl of DefauiR horeunder, or H any act is taken or legal proccasding
<br /> commenced whlch materlaliy aifects L.ender's Intorest in the Proporly,Lendar may fn its o��n�iscrodon,but v�ithout obli�ation to do so.
<br /> end wlthout notice to or demand upon Trustor and without releasing Trustor from any abligatlon, do any act which Trustor has agr�ed
<br /> � •��`"" but falled to do end mAy alno do nny other act It deems necessary lo protect the security hereof. Trustor sh:sll, immedletely upon
<br /> �`'� ' demand lherefor by Lender,pay to Lender ell costs and exponses Incurred and sums expended by Lender In conrt�ction w(th tho exer-
<br /> clse by Londer of the foregoing righte, together with Interest thoreon at the defeult rate provided In the Note,which shall be addod to ,
<br /> the indebtednoss secured herRby.Lender shall not Incur any Ilability because oi any�hing it may do or omit to do here�cnder.
<br /> �� 9.Hnzardo�s�at�rlals. Tn�stor shall keep the Property in complience with all applicable laws,ordinances and regulatfons ,i
<br /> retaUng to Industdal hyglene or a�vironmental protoction(colleatively referrod to hereU es "Environmantat Laws').7'rustor shail keep , .�,
<br /> ' �� ' tho Property free from atl cubstances deemed to be hazardous or toxic under eny Environmental Lews(collectively reterred to hereln •�',-
<br /> as"Hezardous Materials').Trustor hereby warrants end reprssents to Lender that there are no Hazardoua Materials on or under the �;,,
<br /> Property.Trustor hereby egraos ta Indemnify and hold harmless Lender, Its directors,office►s,employees and agents,and any succes- ,
<br /> �� sors to Lender's interest,from and against any arsd all claims,damages,losses and pabllities arising in connection with the presence, f�+;-
<br /> . •.., � use,dispo3al or transport of any Hateirdous Materials on,under,from or about the Propertyr.THE FOREGOING WARRANTIES AND _`_
<br /> REPRESENTATIONS, AND TRUSTOR'S OBLIGATIONS PURSUANT TO THE FOREGOING INDEMNITY, SHALL SURVIVE �
<br /> � RECONYEYANCE OF i Hiw DEED OF TRUST. �r�
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<br /> � 10.Asslpnment of Rents.Trustor hereby assigns to Lender,and grents Lender a security interest in, ell presenE,future end �.
<br /> nfier aristnc�eonts,issues and protits of the PropeAy;provided that TNStor shall,unt(I the oceurrence ot an Evertt of Default,hereunder, �_
<br /> " hav9 the dc�¢�¢4o cotiect and�tain such rents,issues end profits as they become due and payable.Upon the cccurrence of an Evont of ,,.:�
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<br /> QQfault, Lender may,either in person or by agent,with or without bdnging any actlon or procesding,or by a raceiver eppolnted by a .�:�.
<br /> court and without regard to the edequt�cy of fts security,enter upon and take possessfon of the PropeRy,or any part thereof,In its own
<br /> name or in the neme of the Trustee, end do any acts whtch it deems necessary or desirabie to preserve the value,marketabiiity or � ,.�•-
<br /> rentability of the Property,or any part thereof ur tnterest therein,or ta Inerease tfie income therefrom or protect the securiry hereof and, �-
<br /> �' with or wfthout taking possesslon of the Pcoperiy,sue for or othervuise collect the rents,Issues and proftts thereof,includfng thasa past
<br /> ts to make a ments to Lender. Lender may apply rents,issues end profits,less costs and expona- �;,
<br /> r due end unpaid,by notifying tenan P Y �
<br /> es of eperaUon end collacdon In�luding attomey's fees,to any Indebtedness secured hereby,eii In such order es Lender may deter- �
<br /> �. mine.The entering upon and taking posssssion ot the Property,the collection of such rents, issues and profits,end the appl►cation =
<br /> � ..,,.M..�......s........,�,�etie��.,..r�����.�,Ai�o anv detault or notice oid�fault hereunder or i��alidate any act done in responsp to such
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<br /> defautt or(awrsuant to such nodco of default end, notwithstanding Iha continuance in possassion of the propeny or me coiiociio��,
<br /> "� recelpt and appllcadon af rents,issues or profits,TrusteA and Lender shall be entlUed to exercfse every right provided tor in any of tho
<br /> Loan Inatrurnants or by law upan occurrence of any Event oi Oefault,including without iimitation the�ight Yo exerdse the power oi sele.
<br /> ' ` � ' Further,Lender's�ights�nc�remedles under thla paragnph shell be cumulaGve with,and in no way a Iimltetlon on,Lenders rights and
<br />-� " , eemedies under any esslgnment of Ieases and rents rmnorded r�gafnst ihe Property.Lender,Trustee end the recelver shail be Ifabla ta
<br />"�• ��;;:,i�; ,;; account oniy for those�ents actualiy recelved.
<br />-� ``'�+:.�°'� 11.Events oi Default The tollowing shall cansUtute an Event of Defauit under this D�ed oi Trust:
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<br /> ';,t��'�� (a)Failure to pay any Instoliment oi pdncipal or interest or eny other sum secured hereby when ue;
<br /> , , (b)A breach of or default under eny provision contained tn the�date,this Deed ot Trust,eny of tha Loan Instrurratnts.or any
<br /> other Ilen or encumbrance upon the Proportyr;
<br />- (c)A wdt of executlon or attachment or any simliar procoss shalt be entered egaln�t Trustor which shall becomo a Ilan on
<br /> the Property or any portion thereof or interest thereln;
<br /> -- ��•� . (d)Thore shall be filed by or agafnst Trustor or Borrower en acUon under eny presnnt or future federAl,state or other st�tute,
<br />�`r'��� �'*.MI� �' law or reguletion retating to bankruptcy,insotvency ar other�aCef for debtors;or there shail be appointed any trustee,receiver or
<br /> :;� •�:- Ilquklator ot Trustor or Borrower or of all or any part of the Pnqorty,or the rents,Issues or profits thereof,or Trustc�r a Borrower
<br />-.. • ' .t shail make any general assignment for the boneflt of credltors; --
<br />,;� (e)The eale,transfer,lease,essignmont, conveyance or further encumbrance of ell or any part ot or any intarest in lhe
<br />�,;,;'•'' PropeAy,elther voluntadlY or involuntarity,without the express wdtten corssont of Lendor,provided that Trustor shall be perm(t- _
<br />_,n • � ted to execute a lease oi the P�operty that does not contain en option to purchase and the tertn of wh►ch does rv�t excend one _
<br />�.� .. . . year; -
<br /> '�� °:� • (�Abandonmont ot the Property;or =
<br />�"�M�= :� (g)ff Trustar Is not en indlvidual,the issuance,sale,transfer,esslgnmen2,conveyance or encumbrance of more then(if a _
<br />--�• , ,�, ,Y corporetton)e total oi percent of ita issued and outstandUg stock,or pi a partnorship)e to�tal oi per- __
<br /> • cont of partnership interests,or pi a pmited Iiabllity company)a total of percent oi tho limited liability compa- _ _
<br /> - ' ny interests or voting dghta during lhe period this Deed of Trust remalns e Ilen on the property. 'f-
<br /> � 12.Remedies;Acceleretion Upon Datault In the event of eny Event of Default Lender may,wlthout noUco oxcept as�eguired ��
<br /> by law,doGare ell Indebtodness secured hereby to be due end payable and the same shali thereupon bocoma duQ end payabte with- q
<br /> ' .� � out any presentment,demand,protest or noUce oi eny klnd.Thereafter Lender may: � .
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<br /> (a)Demand that Trustee exercise the POWER OF SALE granted herei�,and Trustee shalt thc3roafter cause Trustors Inter __.
<br /> ' est In the Propertyr to be aold and the proceeds to be distribuled,all in the mann�r provided in tho Nebreiska Trust Deeds Act; ��.
<br /> � (b) Exercfse eny end all rights providad for in eny of the Loan Instruments or b�lovi upon occurronce of any Event of
<br /> � � • Defauit;and .
<br /> - : (c)Commence An action to foreclose this Deed of Trust es a martgaga,eppolnt e receivor,or spoctflcc�lly enforce eny of the
<br /> covenents hernot.
<br /> ' No remedy herein conferc2d upon or reserved to Trustee or Lender b intended to bfl excluslve ot any othar romedy herein,In the Loan
<br />_ .., . Instrumonts or by law providod�r pormlttod,but oach shall bo cumulative,shall be in addiqon to every othor romady given hereunder,
<br /> �' in lho Loan InsWments or now or hereafter exioting at law or tn eyulry or by statute,end mey bo exercisBd c�ncurrently,independentiy
<br /> � � 4 or suocesively. •
<br /> -- — .--_- _ .� � _.__ �._�_._._____.W�__�.��..a........uh...��..miov o�d�andpr mnv at env timo and wfthout cause appomt a suo-
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<br /> ' 1 cessor or substituto Truatee.Trustee shall not be Ilable to eny party,including wilhout Ilmltetlon Lendor,Boaower, Trustor or any pur-
<br /> chaser of tlno Proporty,for any loss or demage unless due to reckless or wfllfui mfsconduct,and ahall not bo requlresd to tako attiy actlon
<br /> In co�necdon w(th the enforcement oi this Deed of Tn�st unless indemnffied,in writing,for all costs,componsat3on or expcnses whtch
<br /> mvy be associatad thArewith.In addiUon,Trustee may become e purcheser at any sale of the Property(judiclel or under the power of
<br /> = sate grantod heretn);postpone the sale of ell or eny portion ot the Prcsperty,as provided by law;or seli tho Proporty as e whole,or In
<br /> ^ separato paroels or lot3 at Trustee's discreUon.
<br /> 14.Fees and Expensss.In tho event Trustoe selis the P�operty by exerGse ot power of sale,Trustao shall be entlded to app[y
<br /> • eny sale proceeds Orst to payment of all coste and oxpenses of exercising pawor of sale, including ali Trustoe's fees,and Lender's and
<br /> Tn�steo's aliore►ey's fees, actually Incurred to extent pertnitted by epplicablo lavt.In the event Botrower or Trustor exercises any right
<br /> ° provtded by lew to curo an Event of Default,Lender shalt bo entitled to recover from Trustor all costs and exponses actually Incurred as
<br /> a:esuit of Trustors defeult.Including without Ilmftation all Ttustee's ertd nttomey's fees,to the extent permittod by appilcable law.
<br /> 15. Futuro Advances. Upon request of Borrower,Lender may,at Its optlon,make additional end future advertces and read•
<br /> � vances to Borrower.Such edvances end road�ances,wlth Interest Neroon,shail be secu�ed by this Deed ot Trust. At no time shall the
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