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<br /> nnectlon with condemnatlon or other teklnp of the Property or Part�o neme an�r actlon or pro ee�gs,a(�a�ao �^'°_
<br /> � •Proceeds')in co �;_;
<br /> Lendcr shnil be antitlad at Its option to commence,eppear In end prosecute In fts ow
<br /> be entftled to make any compromise or settlement In connectfon wlth such taking or darnago.In theall such proceeds�f afte rdeductin9 ��:;T
<br /> so taken or damaged, Lender shall have tha option In Ita sole and ebsolute dlscrelion,to apply � n such con- ' ���
<br /> thsrefrom All cos�aa�detemine,ornto apply alltsu hPrr�celeds,aftor s ch deductions�t he restoreton oi the Property by�and in such
<br /> order es Lende y :�.
<br /> ditlons as Lender may determin n defaulpthie et nder or he eunder.Any uenapplled tunds shell be pald to Trustoro due date of any pay- ;.'.':
<br /> ments under the Nota,or cure a y
<br /> B. P�riorm„ma e�a y eNects l.ende�'s�nterest In the Property.Le deer may In its own dlscreGon,but without orbliyali nr to deo so, ._
<br /> .�. commenced w
<br /> and without notice to or demand upon Trustor and a��°�a necessery to prot ctnthe secu�ity he eoi.�TrustoWShallTtmmedlately9upon
<br /> ...�"� but felled to do and may elso c!o any other acl �_
<br /> >-�»tr•*'�' demand therefor by Lender,pay to Lender gll costs and expenaes Incurted and sums expended by Lender In connectfon with the exer- ; -
<br /> • clse by Lender of the foregoing rlghts,togethor wtth Interest thereon at the defeult rate provided In the Note,whlch shall be added to
<br /> � the Indabtednoss secured hereby.Lender shall not Incur eny Ilabitlty b�mPi ance wlth agl'appllcablertaws tord nances and regutatlons ��Y
<br /> • 9. Haz�rdous Materfals.Trustor shall keep ths Property
<br /> relatfng to Induese faQmY�gll substances d omed orbe hezardoula orVt xlc undar�any Env,ironenentelrlaws(ol��act�e1y referreds to'he ein
<br /> the Properly
<br /> as"Hazardous Materials").7rustor heroby warrants and represents to Lander thal there ere no Hazardous Materiats on or under t e
<br /> m� property.Trustor hereby egre�es to inddmnify and hold harmless Lender,Its dlrectors. o�lcers�emPloyeas and ag�nts,and any succes-
<br /> �"•� sors to Lender's intereat,from end agalnst any and etl clnims,damages,losses and IlabilitlesTHE FOREGOI G WARRANT!ES A 0
<br /> �� use,dtsposal or transport of any Hezardous Materials on,under,irom or about the Properly _
<br /> ' REPRESENTATIONS, AND TRUSTOR'S OBLIGATIONS PURSUANT TO THE FOREGOING INDEMNITY, SHALL SURViVE
<br /> � RECONVEYANCE OF THIS DEED OF TRUST. �
<br /> 10.AsslpnmRnt c1 R�nb.Truator hereby assiovlded hat Trusto�shell�tuM/lhe occu ence of an Event of Defnult,he eunder�,
<br /> after erising rents,fssues end proflts of the ProperlY:P --
<br /> have the righ�teom Ileceii�ne ln�person or by age tewah op wlthout bring ng any ect on o�r Proceedin�,�or by a ece ve eppointed by e
<br /> Qefault,Le Y or an art thereot.in►ta owm f
<br /> � court end wlthout regard to the adequacy of Its sc+curity,enter upon and teke possesston oi the Property, y p hereof and,
<br /> neme or In the name of the Tr�ust art thereoi or tnterest therelnt oe to Increase the Income herefrom or pr tect ti�e sacurity e�blllty or
<br /> rentablllty of the Property,or e y p
<br /> , • with or wltriout teking possessfon of the Property.sue tor or otherwlse collect the re;�e'nts,Issues and tprofits,e(ss costs nd s�xpenst
<br /> ' due and unpaid,by notifying tenants to make payments to Lender.Lender may app y
<br /> �' es of operatbn and collectfon Including attomey's toes,to any Indebtedness secured hereby,all In such order as Lender may deter-
<br />°•—.,� -'- mine.'ii�e antertn�ufson snd t�k!n3 S�osaesslon of the Property,the collectlon oi such rents, Issues ond profits, and tfie applicatlon
<br /> � thereof es aforesatd shall not cure or walve any defauft or notice ot aefauii her�u���a�or Invalldste any er.t done in resPansa to such
<br /> .� '',;�':�;., default or pursuant to such nott$ues orfprofits,Trusteeitend Lender ahall be en�ed`�eerc'+every d9htProvided fo�r�n�y°the
<br />�, . ,.. n IlcaUo�oi rents. y g g r°f sale.
<br /> t, ,,,,,,..... recelpt end aPP
<br /> Y4M1"� �1,^'��.• Loan Instruments or b law upon occurrence oi an Event of Default.Includln wilhout IlmitaUon ihe ri ht to exercise a powe
<br />__. '-f�4.'
<br /> �i.��(a Further,Lenders tlghts and remedles under thls paragraph shell be cumulative wlth,and in no way a Ilmltation on,Lender's rights an
<br />;�',�`. �'.'
<br />-..r n;J*�.,• remedies uoder eny asslgnment of leases and rents recorded against the Property.Lender,Trustea and the�eceiver shaN be Ilab o
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<br />��--, '" ac c o unt onl y for those rents actualty received.
<br />- �,_;�' 11.Events of D�fault.The following shall constltute an Even t o i De fa u l t under this Deed of Trust:
<br />�"L•�_.,r`" (a)Fellure to pay any Installment ot p�Incipel or Interest or eny other sum secured hereby when due;
<br /> s;;:;;+,':�f.' (b)A breach of or default under eny provisbn contatned In the Note,Nls Deed of Trust,eny ot the Loan Inatruments,or eny
<br /> Y,���y��.t .•
<br />_.;,•. other lien or encumbrence upon the ProPertY:
<br />°�"'•�_�� (c)q wrft of executton or attechment or any simllar process shall be entered agafnst Trustor whlch shall became e I en on
<br /> ='=;--�'=-�a� the property or any portlon thereof or Interest thereln;
<br />�-�-'�� ntad any truatee,roce��er or
<br /> �� (d)There shall be filed by or agalnst Trusta or Borrower en ectbn under eny present or future tederel,stete or other ste ,
<br /> �,.�c_-_.:.�""s..�.�
<br />��_•=�� �ew or repuletlon rolating to bankruptcy,Insolvenay or other rellei far dabtora;or there shall be ep
<br /> Itquldetor of Trustor or Borrower or ai all or eny pa�t of the PropeAY,or the rents,Issues or proflts thereof,or Trusta or Borrower
<br /> �-_ °�— shall make eny general asslgnment for the benefit oi credltors;
<br /> --�r�^�� (e)The sele,transier, lease, essignment,conveyance or further encumbrance of ell or eny paA of or eny Interest In the
<br /> aS T��
<br /> � -_--;�sr� prppertyr,elther voluntarlly or lnvoluntethat does nothcontatn en optlon t puechase a d the eVrm ot which does no�t��°�
<br /> n-�=�a�±�� ted to execute a lease of the Property _
<br /> �:���,.,_�,`�,"1 yeer,
<br /> �' __ (Q Abandonment of the Propeny,or
<br /> R'� �—=� (g) If Trustor Is not an Indlvfdual,the issuence.sale,transfer,asslgnment,conveyance or encumbrance of mor�e than(I a
<br /> '—��_��� c�orporation)e totel of____.__Pe�nt of its Issued end outstandh�g stock,or(if a partnership)e total ot_ PB�-
<br /> orpo rcent of the�imited ifebillty compa-
<br /> y--=�-�F��"' cent oi partnershlp Interests,or(H a Ilmlted ifebUity company)a total ot P8
<br /> '� 'r''�'.y~'� � ny interests or voting rights during the pedod thls Deed oi Trust remains a Ifen on the property
<br />-��.�.i,::�...:
<br /> 12.R�m�dl�s�Acc���r+tloo Upon D�hul�In the evant of any Event oi Defautt lender may,wllhout notice except a abt�e wirth
<br />��°' �' �'=:� py law,dedare elt Indebtedness secured hereby to be due and payable and the same shall thereupon become due and pay
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<br />=�'� out eny presentment,demand,protest or noUce of any klnd.Thereafter Len er may:
<br /> '" • . (a)Demand that Truatee exerclse the POWER OF SALE granted hereln,end Trustee shell the�eafter cause Trustor's Inter-
<br /> „. est In the Property to be sold and the proceeds to be dfsWbuted,all in Ihe menner provlded fn the Nebraska Trust Deeds Act;
<br /> _ " (b) Exerclae any and all�lghts provlded for In any of the Loan Instruments or by law upon cecurrence oi any Event of
<br /> z_.r "• Defauft;end Int a receiver,or speciflca�ly enfor�e any of the
<br />��' (c)Cammence an action to foreclose thla Deed of Trust as a mortgage,appo
<br /> _;; � covenants hereof.
<br /> No remedy hereln conferred upon or reserved to Trustee or Lender Is Intended to be exclusive of any other remedy hereen Ihe eunder.
<br /> InaWmentg or by law provlded or permltted,but each shelt be cumulative, shall bo In additl y to every other remedy 9 ndentt
<br /> ? _:�r!•`•��� In the Loan InsWmenta or now or heroafter exlsttn at law or In equlty or by slatute,and ma be exerGsed concurrentry,i�depe Y
<br /> .r_.....�..►o�„r
<br /> - �. _� ' � or succesively.
<br /> � . y cessor o3substlt ee Trust N Tn�is eo shallg ot be I�I b e to etny party Sncluding wlthout�Ilmet tlon tLender,Borrower 'i'ruat or eny pur-
<br /> chaser oi the Property,tor any loss or demage unless due to reckless or wilHul misconduct,and shall not be requlred to take eny nction
<br /> " fn connectbn wlth the enforcement of thls Deed of Trust unless Indemn�fied.In wrfting,tor all costs,�m�idal or under�the power of
<br />- may be assoc;fated therewith.In addltion,Tn�stee may become a purchaserat any sale oi the Prope�y U
<br /> soc
<br /> sale granted hereln);postpone the sete oi all or any portlon of the Property,as provided by law;ur soll the Property as a whole,or in
<br /> separate parcels or lots at Trustee's dfscretfon. b exercfse of power of sele,Trustee shell be entitlod to apply
<br /> 14.FNS and F�cp�ns�s.In the ovent Trustee sells the Properry y
<br /> p�y sale proceeds first to payment of all costs ond expenses of exerGslk,gabl�aw�ingthe e elntBorro err oreTrustorgexerdso eny right
<br /> Trustee's ettomey's tees, actually Incurred to extent permltted by app
<br /> provlded by law to cure en Fvent ot Detault,Lender shall be entltled to recover irom Trustor ell costs and oxpensys actluca�l�la ned eg
<br /> e result ot Trustor's default,Including wlthout Ilmllatlon alI Trustee's end ettomey's tees,to the extent permitted b app
<br /> 15. Futun Adv�nc�s.Upon request of Borrower, Lender may,at IIs optlon, meke eddltbnal and tuture edvances and read-
<br /> vanees to Borrower•Sueh edvances and readvanoes,wilh Intereat thereon,shall be socured by this Deed o(Trust.At no tlme shall the
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