|
� ..
<br /> y',� � . . •'w','/A^+!�!�'N�i1�•�, r... . , .. .. : _ . .r�..b„w , �.... .
<br /> �e'iw'^v �
<br /> �,'i:�..7, • .. . . � r��'.�..
<br /> �._+:.-
<br /> 97- =_-
<br /> ` •procseds")In connectian with condemnatlon or Whpr takinp ot thc Property or part ihareof,or tor convoyancd I�(��nat�on �`
<br /> ` Lender�hall be entitted at its option to commence,aqpRer in and prc�secute In Ite own name any aation ar proceedlnps,snd ehafl also �- :
<br /> i '�'.
<br /> be enlitled to meke any compromise or settiemAni In connectbn wlth such takiny or damape.��«a1I euchn r�acodde���ner deductlrW �.
<br /> so laken o�damaped, Lender shail have the o�lion In Its sole and ebsolule dlacretion,t�appty P
<br /> therefrom all costs and expensea Incurred by ft In connaclbn with such Proceeds,upon any IndeGtedneae socured h�ere�by and�ha�h
<br /> ordor as Lendor may tietertnine,or to epply all such Proceeda,after such d8cluctkx►a,to Ihe restoratlon ol the PropeAyr pon
<br /> ditlona aa Lender may detertnine.Any appilcatlon ot Proceeda to Indebtedneas ehall not extend or postpone the due date ol any pAy ,
<br /> . ments under the Note,or cure any defau�t ffiereunder or hereunder.Any unapplied lunds shall b9 p�id to Trustor.
<br /> ., � g,p�Morm�nd py I.�ndtr.Upon the occurrence o1 an Event ol Detauit hereunder,or ii any ect la taken or lepal proceediny ;,
<br /> �� I commenced wh{ch matorially aflt�ds S�endere interest in the Property,Lender may in Its own discretion,bul without obligAtion to da eo, t�
<br /> • �, ���� r ' end without notiCe to or rlemand upon Truaror end without releasii�g Trustor trom any obllyutlon,do any act which Trustor has eflreed
<br /> " ' but fai{ed to do and may also do any other act it deema necesaery to protect the secudty hereof.Trustor shall. Immedialely upon
<br /> ..aw�*+"�!'� � demAnd theretor by Lender,pay to Lender eli costa and expenses incurred and aums expendod by Lender fn connection with the exer- __
<br /> •.����+"�`'� � clse by Lander of the(oregdng Aghts,together with interest thereon at the defautt rate pravkied In tha Note,wh�h shall be added ta � _.
<br /> • ` tl�e indebtedness secured hereby.Lender shalt not incur eny Ilabiliry because of anythinp it may do or omit to do hereuntl�er. v;:_�
<br /> t, g, H�rdou� MatKisl�.Trustor shall keep the Property In compllance with alt applicable laws,o�dinances and regulatbna i—
<br /> relating to Industrial hygiene or environmental protectlon(collectively reterred to herein as"Ernironmental Laws').Trustor ehail koep _
<br /> ., �� the Prope�ty tree irom all substances deemed to be hazardous or tox�under eny Environma�tal�aws(coltectivety reteRed to horefn
<br /> , � as°FLaxardous Materials').Trustor hereby warrants and representa to Lender that there are no Hazardous Materials on or under the
<br /> w.� property.Trustor hereby agrRes to Indemnffy and hold harmless Lender,its directars,officers. employees and agents,end any succes-
<br /> � sors to Lender's interest,trom and ayainst eny and all claims,damapes, losses end IlahiG4os adsing in connection with the presence,
<br /> �' �R�E�TAT O�AND TRUSTOR'Sg OBL QIATIONS PURSUANT Ot TH� 0�OINCz NOEMNI'IY, SHA�SURV�IVE c_
<br /> �• RECONVEYANCE OF THIS DEED OF TRUST. —
<br /> ; � 10.A�slqntn�nb of R�nb.Trustor hereby assk�ns to Lendor,and pranb Lender a sec�idty Interest in,all pres@nt,future and __
<br /> aRer arising rents,Issues and profits of the PropeRy;provided that Trustor shall,untll tho oocunance of an Event of Detauft,hereunder,
<br /> � have the right to collect end retain such rents,issues and p�ts as ihey becane due and payabla. Upon the occurrenoe of an Event of �
<br /> - Detauft,Lender may,either in person or by agent,with or wfthout bdnging any action or proceeding,or by a rec:eiver appointad by a e._
<br /> court and w(thout regerd to the adequacy ot its security,enter upon and take possession of the Properry,or any part thereot.in�ts own
<br /> nama a i�the name of the Trustee,snd do any acts which it deems necessary or desfreble to presorve ti�e value,marketaDi�hY a R
<br /> . �entability of the PropeAy,or any pan thereof or interest therein,or to Increase tix�inc�xno thorefrom or protect the security hereof and, _
<br /> , + with or wfthout taking possession ot the Properry,sue tor or otherwise collect the rents,issues and proQts thereof,induding those past
<br /> due and unpaid,by notily(ng tenants to make payments to lsnder.Lender may apply rents,issues and proflts,tess costs end expens�
<br /> � es of operatb�end co�lectlon��cluding attome}�s fees,to any indebtedness secured hereby,all in such order as Lender maY deler•
<br />' mi�e. TF►e entedng upon and tak�ng possesskn ot the Property,the collect�nn of such rents,Issues and pro8ts,and the applica�or►
<br /> � thereof as atoresald ehall not cure or waive any defauit or notice of detaull hereunder or inva�dgte any ect done(n response to such
<br />- - -- dsiauii ar pur�u�nt!o SL�C�RQ�SCL QI�Q}Alllj All(I, notwithstandinq the continuance 3n poasession ot the property or the collection,
<br />�;�.�,•�: recetpt and applicatk�n of rents,issues or profits,Tn�stee and Lender shall be enUt{ed to exarcise every right provKied for in eny vi iiw
<br />" Loan InstNments or by law upon occurrenco of eny Event of Default,including without Ilmitation the dght to exercise the pow�r of sale.
<br />�' �,�+•�-�:= Fu�ther,LerKfers�ights and remedies under thla paragraph shall be cumuiativa with,and In no way a Ilmitation on,Lender's ri9hts anm
<br />_`�.:��;'��;r�� remodies urxler any assignment of leases and rents recorded egainst the Property.Lender, Trustee and the receiver shall be ilable to
<br /> s'+'�`'`'� �"��"�,: acoount oNy for tfiose rents ectually received.
<br />�+i,-��'f;-�ti ' 11.Ewnto of DNautf.The folbwing shali constitute An Event of Default under this Deed of Trust:
<br /> v-��r y�_�� (a)Fauure to pay en�►instellment of pdnc�Pe�or interest of any other sum secured hereby whon due; _
<br />�� (b)A breach of or default under any provis{on contalned in the Note,this Deed ot I mst,any oi Gw Loa�i i�wt�u��x�+�4►,or aaY
<br />_'�'''i���r_,- other lien or encumbrenca upon the Property;
<br />_,=r;�,;;� (c) A wrft of executbn or attf►chment or any simllar procesa shail be entered egainst Trustor which shaU becane a Ilen on
<br /> `����'�c��`•, the Pnopenyr or any portion thereof or interest therefn;
<br /> 4;�' �P"� (d)There shall be illed by or against Trustor or Borrower an action under any present or future federal,ctate or other statute,
<br />___`;�==�+� law or rogulaUon relating to bankruptcy,Insolvency or ather rellef for debtors;or there shail be appointed any trustee,recetver or
<br /> �'- l i q u l d a t o r o f T r u s t o r or Bortower or ot all or an y part of the Property,or the rents,lssues or proflta thereof,or Trustor or Borrower
<br />�:�•;i�"�:.'"�
<br /> ;.,�;,, shali make any general assignment for the beneiit of creditors;
<br />=_���"�" (e) The sale,transfer,leaso,assignment,conveyance or further encumbranoe of alt or any part ot or any interest in the
<br />�v �~ Propertyr,either volunterily or Involuntadly.without the express written consent ot Lender, provided that Trustor ahall be permit•
<br />:_� a=,.
<br /> v. ..4�...s,
<br /> ted to execute e lease of the Property that does not contain an option to purohase and the tertn ot which daea not exceed one
<br /> ,e;_:-;�:_��'— yea`��ment of the Property;or
<br /> _.��'-""- �"'" (g) I}Tn�stor Is not an individual. the issuance,sale,transfe�,assignment,convgyance or encumbrarxe of more then(if a
<br /> _���
<br /> ti:,,`,�,��-- t corpo►atbn)a totel of percent ot its issued and outstanding stodc,or(it a partnerahip)e totel of per
<br />�, cent ot partnership interests,or pf a Ilmited Ilabiltty company)a total of percent of the Iimited ifebility compa-
<br /> ��,,4� " ny In4erests or votlng dghts dudng the period this Deed of Trust remafns a Iien on the propertyr.
<br /> r+'� ° ' 1 p,p�medies;AcaNratfon Upon DNruR.In the event of any Event of Default Lender may,without notice except as required
<br /> y''_::r Y +...,,1 ,''
<br />'w�.,,'` "��.•} '� by law,dedare all Indebtedness secured hereby to be due and payable and the same shall thereupon become due arxl payable with•
<br />- • % ���` ' out any presenUnent,demand,protest or nottce of any kind.Thereafter Lender may:
<br />� • � (a)Demand that Trustee exercise the POWER OF SALE granted herein,and Trustee shali thereaiter cause T�ustors inter- _ `
<br /> - . est in the Property to be sold and the proceeds to be dlstAbuted,all in tho manner provided in the Nebraska Tnast Deeds Act; ti.
<br />-� (b) Exercise any and all rights provlded tor in any oi the Loan Instruments or by law upon occurrence of any Event of [�_'.
<br /> r
<br />-� = Defautt;and ��-
<br /> �� '•' (c)Cmmmence an acUon to torecl�e this Deed of Trust es a mortgage,appo�nt a receiver,or specitically entorce any of the
<br />_i ?�� COV@n8nt911@f80f.
<br />_ � No remedy hereln conterred upon or reservec!to Trustee or Lender is tntended to be exclusive of any other remedy herein,fn the Loan -
<br /> Inswmenls or by law provlded or permitteci,but each shall be cumu!atfve,sha�l be in addition to every other remedyr phren hereunder, !
<br /> � ,,;,���� in the Loan Instruments or now or herearter exlsting at law or In equity or by statute,and may he dxerdsed concurrenty,indeperxiendy
<br /> ,�- or suocestvely-
<br /> � ; 13.Trust�t.The Tnistee may resk�n at any time without cause.and Lender may at any timo and wilhout cause appoint a suc-
<br /> -_ . . _ . .. .. . _.._.. __..._�,_.�_�_......�..., t....i,��nn�.,cfhrv,t Ilmitatinn Landet.BOffOWeL TNStOf Of eny puh
<br /> ' :' __ ' COSSOf O�SuDSUMe t rustee. �ruscen srwn�nn w nav�o.�a.
<br /> ,�p,,.y�..........-.a..._.__..._ . -
<br /> - chaser ot the Property,(or any bss or damage uNess due to reckless or willful misconduct. and shell not be required to teke any action
<br /> in connection with the enforcement of thls Oeed of Trust unless indemnified,fn writing,for all co�ts,comper►sation or expenses which
<br /> may be assodated therewith.In addition,Trustee may become a purchaser at any sale of the Property(judida�w u��P�Meor�n
<br /> sale granted hereln);postpone the sale ot all or any portion ot the Property,as provided by Iaw; or sell the Property
<br /> ' separate paroels or lots at Trustee's discretion.
<br /> 14.FMS�nd Exp�ns�s.In the event Trustee sells the Property by exercise of power of sale,Trustee shall be entitted to appy
<br /> nny sale proceeds first to payment of all costs and expenses ot exercising power ot sale,includi�g all Trust�'s fees,and Lender's and
<br /> Trustee's attort►ey's tees, ectual�y Incurred to extent permitted by npplicable law.In the ovent Borrower or Trustor exetdses eny right
<br /> provided by Iaw to cure an Event ot Detault,Lender shali be entitled to�ecover from Trusto�ell costs and expenses act�I�1 a rred as
<br /> - a r�suit of Tn�stors detault,including without limitatfon all Trustee's end attomey's tees,to the extent permitted by eppi
<br /> tb. Futun Adva�.Upon request of Borrower,Lender may,at its optlon,meke additional and future advances end read-
<br /> vances to Borrowe�.SuCh advances and readvances,with interest thereon,shall be secured by this Deed ol Trust.At no time shall the
<br /> n
<br />
|