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<br /> �- � `�_ � - .��� ��`t . ..
<br /> . � ; �, ��`;��
<br /> , -proceeds•)in connec6on with conQemnaGon or other taking of the Property or part thereoi,or for oonv�ce in I�e��a�ation. ' ,. ..
<br /> i n s t e i n i t s o w n n a m e a n a c t i o n o r p r o c e e d i n g s,and s h al!also �c `
<br /> Lenda*shati be entitled at its opUOn to commenae,appear n a d pro ecu Y . .
<br /> � be entitled to make any compromise or satttsment in connecGon witA such taking or damage.ln the event any poRion of the Property is i� '- •. .
<br /> -- . • so taken or damaged.Lender shali hav8 the option in its sole and absotute discretion,to appty ail such proceeds, aftet deduCting ,
<br /> ` theretrom all costs and expenses incutted by it in conneciton with such Proceeds,upon anyr mdebtedness secured hereby and in such �!•�� . .
<br /> --- � � order as Lender may determine,or W apply all such Proceeds,after such deduetions,to U+e restoration ot the Property uport such oan- f� .
<br /> ditions as Lender may detertnine.My applica6an of Proceeds to indebteQness snau not ex[end or postpone ma aue univ ur m�r vdr �` .
<br />� ,,1 ments under the Note,or cure any detautt thereunder or hereunder.My unapptied funds shatl be paid to Tnistor. ;�
<br /> < 8.Rerformance by temler.Upon the occuaence of an Event of Default hereunder,or if any act is taken or tegat proceeding � ,
<br /> , commenced which ma:erially atfects LendePs interest in the Property.lender may i�its own discre6an,but without ohligatinn to do so. �
<br /> � � and without notice to or Qemand upon Trustor and without reteasing Trustor from any obligation,do any act which Trustor has agreed �
<br /> �, - - - — trut faiteQ to dQ and may atso do any oiher act it deems necessary to proted the secunry hereof. Trustor shalt, immediately�upon �;_ ^ ' �
<br /> � demand therefor by Lender,pay to tender all costs and expenses incuned and sums expended by Lender in conned�on w;th thQ exer- f .: .: � �,
<br /> . cise by Lender of the forego�ng rights,Wgether with irrtersst thereon at the default rate provided in the Note,which sfialk be adtled to ; .
<br /> � . tlie indebtedness secured hereby.Lender shall noi incur any liablity because ot anyEhing it may do or omit to do hereunder. � � ° � -
<br /> � 9.Haaardous Matedals.Trustar shaU keep the Properly io compliance with all apptiqbte taws,ordinances and regulations I . �
<br /> . - -- ��- - retating to indusfial hygiene or ernironmentai protectinn(ooltectivety referred to herein as'Enviranmental Laws�.Trusiar shail keep : __ _
<br /> � • the PropeRy free trom atl substartces desmed to be hazardous or toxic under any Environmental Laws(collectively refeRed to herein . . �;_ .�-�
<br /> ' as"Hardrdous Materials").Trustor hereby warrdrtts and represents to Lendat�t there are no Hardrdous Materiats an or under the � � •
<br /> ' � ' Property.Trustor hereby agrees to indemnify and hold haimless Lertder,its directors,offioers,employees and agents,anQ any sucoes- , .
<br />" � sors W Lettder's interest,from and agairtst any and atl daims,damages,losses and Gabilities arising in connection wilh the presence. •` `
<br /> " use,disposal or transport o1 arty Hazardous Materials on,under,from or a6out the Properry.THE FOREGOIIVG WARRATf17ES AND • ' '�'t _ '`:
<br /> REPRESENTATIONS. AND TRUSTOR'S OBLIGATIONS PURSUAN'f TO THE FOREGOING INOEMNITY, SHALL SURVlVE _. ��
<br /> . �.�".
<br /> � . RECOMIEYANCE OF THIS OEED OF TRUST. •
<br /> _ . ' i 10.Assignment of Rents.Trustor hereby assigns to Lender,and grants Lender a security interest in,all present,futu►e and ��
<br /> , � � af�artsirr�,r rents.issues and pcofits of U�e Properry:provlded that Tmstnr shall,unh'i the occurtence of an Event of Defautt.hereunder. �`, c'
<br /> . ` have the cght ro coltect and retain suc3r renis,issues and profits as thEy become due and payabla.Upon the occurrence of an Event oi :. .,�, '. ? .
<br /> Oefault,Lender may,either in pecsan er.by agen�witb or without b�mging any action or proc�eding,or by a receiver ap���d by a � �`
<br /> oc e
<br /> � wuA and without regaR±tr�the adequacy of its securiry,enter upon and take possession of the Property,or any part thereef,;+i:s own `_ � _�. . _. __
<br /> ' � � . , name or in the name af t1-e T�e,and do any ads which it deems rtecessary or desirable to presenre the vafue,markei2biC'y cr �
<br /> ,_;� rentability of the P�oper��.ar any part thereof or interest therein,or tn increase the inoome therefrom or protect the securily hereof 2.�rd.
<br />. ' • with or without bking possassion of the Property,sue tor or othervvise coltect the rents,issues and profits thereaf,inctuding tt-.�e past � °
<br />-; � � due and unpai0.by notifj/ing tenar�ts to make payments to Lender.Lender may apply rents,issues and profits,tess casts argd e�tens- • ` J`-%�1;
<br /> ��� ,� - - -
<br /> � ' es of operabon and coltectlon induding attomey's tees,to any inde6tedness secured•hereby,all in such order as Lender ss�y deter- _ . __ �"=,',���>,•
<br /> ' mine.The entering upon and taking possassion of the Property,the collecUon cf such rents,issues and pro�s,and the appl'u�tion • , . ,; ,s._
<br /> ��.� � � thereof as aforesaid shall not c�ire or waive any detault or nofice of default her�urtder or irnalidate arry act d�tn respanse to such � °, .� �;
<br /> s� ' � • . default or pursuant to such nodce of Qefautt and,r.ctwithstandin the con6rt��e in ssession of the r a g e K y rx ihe caltecGan, ,, � " '�� ��!'"
<br /> 9 Po P � �:• :.'�g
<br /> � " �; recei t aro�application of rents,issues ar rofits,Trustee and Lendet shalt�e en�eA to exerase every righf pror"de�5�r in any ot the • �<�• �� ��
<br /> P p : ;l�""?��' ';:;:
<br /> ' � Loan Ir,�iunent�or by Iaw upon eccau�ence of any Event of De��.TT��d�rrg without limitation the right to exercise tflra pmrnr oi sate. � � _
<br /> � �` Further,Lende�s rights ard rarre�es under this par���,aAh sha;!4�:.•-!:u:atitie��,and ir►no way a limitatinn an,Lende�s rights and �`�'
<br /> : , a , :,•.._,:�.:;
<br /> �, . � � . ' remedies unCer any�.5.s`p-rneat o(leases and�+e�ts c��orded aga�rsst me Fcepesc�.Lender,Trustee and the rec�iver shall ba liabte ro ,• �y: ::
<br /> � �� accaun!onty for those m...nts actually reoeived. �� `:'�`'�: ``
<br /> ;�. ' ' ' ' . 11.Everns of Defaul�The following shall constrNte an EveRi of�efault under this Deed oi Trust s r,�,.._. • .��r�=i�-`
<br /> � ;� � � (a)Faiture to pay any instaltment of principal or interest a�any other sum secured hereby when due; ;:;�,�j;.';�� _ `:`; `
<br /> . z'.,. ..,.�.,:�
<br /> � � . ' (b)A 6reach ot or defautt under arty provision contained in the Nate,thls Oeed oi Trust,any oi the Loan Instrurth?nts,or any ',';�:�� :�• _ •_
<br /> � ' other lien or encumbrance upon the PropeRy; � � � ,..�
<br /> .. `�;.•;•�,'.:
<br /> ' - (c)A writ of execution or attachment or any simitar process shall be entered against T►ustor w:;�.ch shall becoma a lien on '. :.;:;
<br /> .�I . the Properqr or any portlon thereof or iaterest theretn; . ' ,,' `'�`
<br /> i , ,'t'1i�;..�
<br /> (�There shall be fi�ed by or against Trustor or Borrower an action under arry present or tuture federal,state or other statute. '' _�^_°�
<br /> - " , ta�a ca regutaUon relatlng to bankruptey,Insolvency or other relief for Qebtors;or there sh�;l be appotnted any truatee,receiver or � � ��.-'
<br /> � � . ��m,j�"a:er of Trustor w Borrower or of all or any paR oi the PropeRy.or the rents,issues ar profits thereof,or Tnistor or Bonower �=•�_�;=
<br /> '� � st.a�l maSce any gc-neral asstgnment tor the benefit oi cred'dors; �-
<br /> s . '. .
<br /> ; (e)The s�s.iransfer,lease,assignment,conveyan�or further encumbrencs oi all or any part of or any interest in lhe :�� �,
<br /> � � Prageriy,eitf:c-r v:siur�arily or involuntarily,without the express written consent of Lender,provlded Lh�t Trustor shall be permit- • ,•<� � . ;�:� ��-:•:
<br /> ::'�(` `y ted W execute a tease ot the Property that does not contaln an option to purchase and the term of which does not exceed ane ' ��'`•``�
<br /> . year, . ..
<br />-- � (�Abandonment ot the Property;or , ;
<br /> `` ,� �. (g)It Tmstor is not an indlvidual,the issuance,sale,bansfer,asslgnmeM,corneyance or encumbrance of more than(it a • ,;..,�,`
<br /> �'; � oorporaUon)a total of percent oi its issued and outstanding stodc,or(ii a partnership)a total ai per- ',
<br /> ,� ' cent ot partnership interests,or(tf a Ilmited liability company)a totat oi perceM of the limited I�it(ry compa- ' . .' . .
<br /> ' n interests or voUn d ts durin the period this Deed oiTrusl remains a lien on the property. '"}`' •
<br /> : 'x�. Y 9 � 9 r,'',:;t' :�
<br /> �� , ' 12 Remedles;/acoe lera l ioR�tpon De f au l w In t he even t o f any Event oi Detault Lender may,without notice er.ce p t 2s re quired ����
<br /> •Y�.; . by taw,declare all indebtedness se�red hereby to ba due and payable and the same shall thereupon become due and payable with- . • . � .
<br /> �") out any presentment,dernand,protest or notice oi any kind.Thereafter Lender may: � , : • .
<br /> �':;'a (a)Demartd trci Trus••ee exerdse the POWER OF SALE granted herein,and Trustee shatl thsreaftAr puse Tnlstors inter- �
<br /> ::;�, � ast in the Prcy���be sotd sr:d the proceeds to be disUibuted,all in the manner provided in the NeCraska Trust Oeeds Act; � :, � �.
<br /> � iL;Exercise any and all r•r.�j�is provlded tor in any of the Loan InsUumanta or by law upon occurtence of am�Event of "�
<br /> t�' � . 0+-�.:x.�:a�C �
<br /> ,�; , . . -:�'`"..•
<br />'ya..,a lci Ccm^�FS:ce an acUon to foreclose this Deod of Trust as a mortgage,appolnt a receiver,or speeiticatty entorce any ot the _ , :.
<br /> �,:. _ . CCVertantsher�`.. , • . .
<br /> � + No remedy here�n czrti�rred upon or reserved to Tn�3e or Lender ls infende3 ta be exGuslve of any othgr�eCy hereln,in the Loan • •,
<br /> Instrumer.LS or Cy izr,provided or permitted.but each shall be cumuladve.sh�:t Ds in addiUon to every oth•�remedy given hereunder, •
<br /> • in the Lna.n lrstn�menLs ar now or hereafter existing at Iaw or in equity or by statute,and may be exercised conwrrentty,independently
<br /> � � or suc�esiv2fy. •
<br /> -'�: 13.Tnrstee.T�e Trustee ma�resign at any Ume without cause,and lender may at�rty tima and v�ithout cause appoint a suo-
<br /> ': :: .. cessor or substitute Tiustee.Trustee shall not be tiable to any past,r.,.r,.Sss�lr.g�s;«'tout limi!2'iott Len�er,9h!!�wer.Tn�stor or any pur- �
<br /> �;� � chaser of the Properly.forany loss or damage uniess due to recktess or wiilG.i msconduct,and shalt not be requ!rod to take any action • .
<br /> �'1 ° � ' • in oonnecGon witl�the enforcement oi this Deed of Tnist untess indemnified,in writing,tor all costs,compensation or expenses which ,
<br /> � � � may be associated therewith.In addition.Trustee may become a purcfiaser at any sate of the Property(judicial or under the power oi .
<br /> ,;;:�;: ' sate granted herein);postpone the sate oi all or any poRlon of the Properiy,as provlded by law:or sell the PropaJty as a whole,or in , •
<br /> separate paroets or lots at Trustee's discretlon. , , .
<br />,�:; • . 14.Feos and Expenses.ln the event Trustee sells Me PropeAy by exerclse oi power oi sate.Trustee sha.'�be entitted to appty ' ..
<br /> ' any sale proceeds first to payment of aIt costs and expenses of exercising power of sate.including aIl Trustee's fegs,and Lender's and
<br /> Trustee's attomey's fees, actually incurted to extent pertnitted by applicable Iaw. In ihe event Bonower or TruStor exercises any nght .
<br /> ��. � provided by law to cure an Event of Dafault.Lender shall be entiUed to recover trom Trostor aIl oosts and expenses actualty incurred as .
<br /> •'� � a result oi Trustors defaulL inctuding without IimitaUon all Trustee's and attomeys fees,to the extent pertnitted Dy appticabte law.
<br /> -----. i5.St�ture Adiraaces.Upon requ�st of Carrawsr.lessder may.at its aptiari.maks additiana!as:d tutura adva�cas and cua0-
<br /> _ � vances to Borrowar.Such advances and readvances,v�ith interest thereon,shatl ba sewred Dy this Deed of Trust.At no time shalt the •
<br /> �' � •
<br />: - '4� . � ; • . '
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