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<br /> 'P�oceeds')in connectlon with candemnatle�n or other teking of the Property or part thereof,'ar for conveyance in Ileu of condemnatlon. �
<br /> Londer shall be entitlod ot Its option to commence,appear In and proser.ute In Its own name any actlon or proceadings,and shall also �,_
<br /> • be enlitied to mako any cornpromise or settlament in connection with such taking or damafle. In tho evont any portivn oi Nie Property(s �
<br /> so teke�or demaged, Lendor shail have the oppon In It� soie and ebsolute discretlon, to opply all such proceeds, aRer deducting �
<br /> there(rom atl costs and expenses Incurred by It!n connectian with such Procaeds,upon any Indebtedness secured hereby and In such ?
<br /> order as Lender may determine,or to apply oil auch Prxeede,efter such deducdons,to the resroratlon of lhe Property upon such con- �
<br /> ditfons �s Lender may determind.Any appticetlan of Proceeds to indebtednass shall not extend or postpone the due date of eny pay- �._
<br /> menls under the Note,or cure any default thereunder or hereunder.Any unappllad funde shall be paid to Tnistor.
<br /> � 8. Performance by Lender.Upon the occurrence oi en �vent of Detault hereunder, or if any act is taken or Isgal prceeuding �
<br /> , � I cpmmenced which meterially effQCts�ender's intarest in the Property.Lender may In fta own discretlon,but without obiigatlon to do so, Y
<br /> � and without notice to or demand upon Trustor and without releasing Trustor from any�blig�tian,do any act�vhlch Trustw has agre+sd
<br /> ��� ? but tafled to do and may also do any other act It deems necessary to protect lhe security h8reof.Trustor shell,Immediately upon `,
<br /> ._, ,,pE.; d�rmend lherefor by Lender,pay to l.ender aIl cost�and oxpenses incurred and sums expended by I.ertder in connectlon with the exer- w;=_
<br /> clse by Lender ot the foregoing righta,together with Interest thereon et the detault reto provided in thR Note,which�hall be edded to -
<br /> th�indebtedness secured hereby.LAnder shall not incur any Ilability becausa af enything ft may do or omit to do he�eunder. �
<br /> : 9.Hesardous M�ttrl�la. Trustor shell keep the Property in compllance with all appliceble la�vs,ordinances and regulations �_
<br /> ' rqtaling to industr(al hygiene or environmental protection (collectively reterred to heretn as "Environmental Lews').Trustor shall keep
<br /> � thH Property free from all substances deemad to be hazardous or toxic under any Environmental Laws(collactively reterted to herein
<br /> as'Hazardous Materiais").Trustor hereby warrants and reprasents to Lender that there are no Hazardous Materfals on or under the
<br /> tl"� Praperty.Trustor hereby agrees to indemnify and hold hartnless I.endor,its directors,officers,emptuyees and ege�ts,and any succes-
<br /> F � soro to Lender's Interest,from and agalnst any e�d all cleims,demages,losses end Iiabilities arising in connectian with the presence, �
<br /> ,�;, „ use,disposel or transport of any Hazardous Materiala on, under,from or about the Property.7HE FOREGf31NG WARRANTIE3 AND —
<br /> .,;;�::,,;' �EPRESENTATIONS, AN[�TRUST4R'S OBLIGATIONS PURSUANT TO THE FOREGOING INdEA1NITY,SHALL SURVIVE �
<br /> •.'�'�;`;;;;;� t�ECbNVEYANCE OF 7HIS DEED OF TRUST. --
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<br /> :;;::,�,,�:,� 10. Assi�nm�nt of R�nb.Trustor hereby assigns lo Lender,and grants Lender a security interest In,all present,future and _
<br /> ,..•,;;;;.�,; after erising rents,Issues and proflto of the Property;provided that Trustor shall,untll the occurrence oi an Event oi Dafault,hereundor, __
<br /> �-:"�� • have the right to collect and retain such rents,Issues and proflts as they become due and payable.Upon the occurrence of an Event ot _
<br /> Inted b a
<br /> 4afault,Lender may,either In person or by agent,with or without bringing any ectton or proceeding,or by a receNer appo y --�-.
<br /> ,'+�; coud and without regard to the 3dequecy of Its security,enter upon and take possession of the Property,or�ny aart tfiereof,in fts own �j`
<br /> � � name or in the name of the Trustee, and do any acts which it deems necessery or desirable to preserve the value, merlcetability or '�
<br /> renlebillty ot the Property,or any part thereof or Interest therein,or to increase the income therefrom or protect the secudly hereof and, ��`
<br /> ,•�,F;�F.�� with or without taking possession of the Property,sue tor or otherwise collect the rents,issues and profits thereof. Including those past
<br /> . .s`� , due end unpald,by notifying tenants to make payrnents to Lender.Lender mey epply rents,Issues and proftts,less costs and expens-
<br />'t��b,:.' .-�� es of operatlon and collecdon tncluding attomey's fees, to any Indebtedness secured hereby,all in such order as Lender may deter- __
<br />_'�.';�:� mfna. The enter(ng up�n and i�king possession of the Proparty, the collection of such rents,issues end profits.end the applicatlon
<br /> . � ��;.�' thereof as aforesald sh�ll not cure or waive any detauu or noiice ofi deic�uif i�n�aur�der or inval�dats any act dorss!n s�spanss ie s�!�h .
<br />- �. ;�'•��;•, dofault or pursuant to such notice of default and, notwithstanding the continuance in possession of the properly or the coilectlon,
<br /> • � `�� ►eceipt and appllustlon oi rents, Issues or profits.Trustee and Lender shall be entitled to exercise every dght provided fa in eny of the
<br /> � ' Loan Instruments or by law upon occurrence of any Eve�t o1 Default,including w(thout Ilmitatfon the right to exercise the power of eale.
<br />-�'�;, Furlher,Lender's hts and remedies under thls paragraph shall be cumuletive with,and in no way a limltation on,Lender's rights and
<br /> �' ' ^ remedies under eny assignment of leases and rents recorded ageinst the Property.Lender,Trustoe and the receiver shall be liable to
<br />�y.,� ;`'t,t�,� ' account oniy for those rents actually received.
<br /> 3;�•���`;-� 11.Evente of DefaulG The following shail constitute en Event of Default under this Deed oi Trust:
<br />-:� ;;:,,� (a)Faflure to pay eny instaliment of principal or interest or any other sum secured hereby when due;
<br /> ��.• (b)A breach of or default under any provision containad In the Note,this Deed ot Trust,any ot the Loan Instruments,or any
<br /> ��;', ±�,•` other Ilen or encumbrance upon the Property;
<br />��'}'� �`� (c)A w�9t of execution or attachment or any similar process shall be entered agalnst Trustor which shell become e Ilen an
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<br />-�,"^�'`�'''- the Property or any portfon thereof or interest thereln;
<br />'�-�`'����i�'`'��l (d)There shell be fiod by or agalnst Trustor or Borrower en ection under any present or future tederel, slete a othei statute,
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<br />�:.s,.,..,:,,� law or regulaUan relating to bankruptcy,insoivency or othor rellet for debtoro;or there shell be appotnted any tnietee,rece ver or
<br /> 3�*�'��-"„ �• Ilquidetor oi Trustor or Borrower or of ell or any part oi the Property,ar the rents,issues or proflts theroof,or Trustor or Borrower
<br />:�r �''=�'�~ shall make any general assignment for the benefit ot creditors;
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<br />�� `'�';, (e)The sale, transfer, lease, essfgnment, conveyance or further encumbrance of all ar any part of or any Interest in t e
<br />�._._��;,.;. . Property,either voluntarily or Involuntarily,without lhe express written consent of Lender;providsd that Trustor shall be permit-
<br />�,,... _ .�_ ted to execute a lease of the Property that does not contein en optlon to purchase and the term of which does not exceed one
<br />-�,����:, year;
<br />:'�++'�,"`�-'i' � (Q Abandonment of the Property;or
<br />_�`���!,r (g)If Trustor is not an Individual,the Issuence,sele,transfer,assignment,conveyance or encumbrence oi more then((f a
<br />_,,,�,o;.:�:���:�. , corporatlon)e totel of percent of Its Issued and outstending stock,or(If a partnership)a total oi per-
<br /> . y',,�1'�:t•� '
<br /> �.� ,� :,...,..,., cent of partnership Intereats,or(If e Ilmited Ilability company)a totet of percent oi the 1(mft a compa-
<br />°�''" '91�� •�;?� a ny interests or voGng rights during the period this Deed ot Tnrst romains a Ilen on the property.
<br />_ •'��`�"` 12.R�m�dl�s;Acc�IQratton Upon D�faul�In the event of any Event ot Defauit Lender may,without notice except as requtred
<br /> " , ,• �.� � by law,declare all indebted��ess secured hereby to be due and payable and the seme shall thereupon become due and payable with-
<br />_� ;,,:� • out eny presentment,demand,protest or nottce oi any kind.Thereafter Lender may:
<br />- (a)Demand that Trustee exerclse the POWER OF SALE granted herein,and Tn�stee shail thereafter cause Trustors inter-
<br /> - � est in the Properiy to be sold and the proceeds to be disMbuted,all in the manner provided in the Nebreske Trust Deeds Act;
<br />~� ' ����. (b) Exercise any and alt �ights provided tor In eny of the LAan Instruments or by law upan occurrence ot rany Event af
<br />�,: f • Default;and -
<br /> - , � (c)Commence an action to toreclosa this Deed of Trust es a mortgage,eppoint a receiver,or specifically enforce any of the
<br /> - . � covenants hereaf. _
<br />- No remedy hereln wnferred upon or reserved to Trustee or Lender fs intended to be exclusive of any other remedy hereln,in the Loan
<br /> � Instruments or by law provided or permitted,but each shan be cumulative,ehall be in additlon to every other remedy given hereunder, -
<br /> •a�'�' � in Ihe Loan Instruments or now or hereaRer exlsting ot law or In eyulty or by statute,and mey be exercised concurrently,independently
<br /> „w � ...e...•,�ectudu _.
<br /> v+� 13.TrustN.The Trustee may resign at any time without cause,and Lender may at any time and without cause appoini e sua -
<br /> " cessor or subsdtute Tn�stee.Trustee shall not be Ilable to any party,Including without Iimltatlon Londer,Bortower,Trustor or eny pur-
<br /> . chaser ot the Property,tor any loss or demage unless due to recktess or willful mtsconduct,and shall nol be requlred to take eny action
<br /> in connection with the enforcement of this Deed of Tnist unless Indemnified,in writing,for all costs,compensatian or expenses which
<br /> may be a�soclated therew(th. In additfon,Trustee may become a purchaser at any saie of the Property Qudicial or unde�the power of
<br /> . sale granted hereln);postpone the sale of all or eny po�tlan of the Property,as provided by law;or seil the Property es a whole,or In
<br /> separate parcels or lots at Trustee's discretlon.
<br /> 14.Faes and Expenaes.In the event Trustee sells the Propert}r by exercise o(power of sale,Trustee shall be entitled to apply
<br /> any sale proceeds flrst to payment of all costs and expenses ot exercising power of sale,including all Trustee's fees,and Lenders and
<br /> .� Tmstee's attorney's fees, actualiy fncurced to extent permftted by applicabte law.In the event Borrower or Trustor exercisos any right
<br /> provided by Iaw to cure an Evont of Defauit,Lender shall be entitled to recover irom Trustor ail costs and expenses actually incurred as
<br /> a result of Trustors detauit,Including without Ifmitatton all Trustae's and attomey's fees,to the extent permitted by appllcable law.
<br /> 15.Futuro Advances.Upon request ot Borrower,Lender may,at Its option,make additional and futuro advances and read•
<br /> vences to Borcowec Such edvances and readvances,wilh Interest thereon,shail be secured by this Deed of Trust.At no time Shall the _
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