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<br /> . � . 'Proceeds')In con�ecllon with condemnatlon or other laking of the Proparty or part thereof,or for conveince in Iieu ol condemnaUan. �_
<br /> Lender shall be entlllad et It�optlon to commence,appear In end�oeecute In Ite own name eny action or proceedinge,ond shen elso ` ;�
<br /> be entittecl to make any wmpromise or serilement In connectlon wlth such takinp o�demege.In thoell suchn raceeds�'af�er deduc Ing -
<br /> so teken or demaged, Lender shall have the optlon In Ite sole end ebsolute discretlon, to app y P -
<br /> therefrom all costs end expenses Incurred by it In connectbn wilh such Proceeds,upon any Indebtedness securod hereby e uch�con•
<br /> order as Lender maydetermine,or to epply eil such Proceed�,eRar euch deductiona,to the restoratlon oi the Properry upon
<br /> • ditbns es Lender rnay determine.Any eppl�atlon of Proceede to Indebtedneae ahall not extend or postpone the due dato of any pay
<br /> ments under the Note,ar curo any default theraunder or hereunder.My unap!�Iled funds shall be pald to T�ustor.
<br /> g,putpml�e�u by L�nd�r.Upon Ihe occurcenco of an Evrnt af Dofault hore�ander,or If eny ect Is taken or lagal proceoding
<br /> �y �".� commenced whlch metetlally aifects Lender's interest In the PropeRy,Lender may In fts own discretlon,but without oM!gatlon to do sa,
<br /> • end without notice lo or demand upon Trustor and without releasing Tn�stor from any obligetlon,do any ect whlch Trustor has agreed
<br /> �� but failed to do and may also do eny other ecl It deema necessary to protect the security hereof. Tn�stor shall, immedlately upon
<br /> demand lherefa by Lender,pay to Lender all costs end expenses incurred and sums expended by Lender In connectbn wilh the exer-
<br />= ' cise by Le��der of the farego(ng rights,together with Interest therean et the defauit rate provided in the Note,which shall be adde�i to --
<br /> � the indebtedness secu�ed hereby.Lender shall not incur eny Ilabitity because oi anything it may do or omit to do hereunder. -
<br /> 9. Hwrdow M�t�rids. Trustor shail keep the PropeRy in compliance with all appticable laws,ordinances end reguletions �__
<br /> relatfng to industrial hyglene or environmentai protection(co��ectively referred to hereln as'Environmental Laws'). Tmstor sha�keep
<br /> � the Properiy tree tram all substances deemed to be hazerdous or toxic under eny Environmental Laws(collectively referred to hereln
<br />" . as"Hezardous Materlals').Trustor hereby warrants and represents to Lender that there are no Hazardous Materials on or under tlie
<br /> �roperiy,Trustor hereby egrees to Indemnify end hoid harm{ess Lender,ite directore,of8cers�empbyees end ege�ta,end eny succes-
<br /> sors to Lender's interest,irom and against any and all Geims,dameges,bsses and IlabiliUesTHErFOR GE Oir N WARRANTIES AND
<br />",�,��',��``'. :� use.disposal or transport oi any Hazardous Mate�ials on,under.from or ebout the PropeRy
<br /> �':.��:,�� �
<br /> ;;�;;�;��, B��PRESENTATIONS,AND TRUSTOR'S QBUGATIONS PURSUANT TO THE FOREGOING INDEMNITY, SHALL SURVIV w
<br /> ��� ' • fftECONVEYANCEOF THIS DEED OF TRUST. _
<br /> •"�'•;���'�!� • �p./��IO�nt oi R�nts.1'nistor hereby assigns to Lender, and grants Lender e security interest in,all present,fuNre and __
<br /> �'''`' after aris(ng rents,�sues and profits oT the Proporly,provlded that Trustor shall,until the occuRence of an Event at De(autt,hereunder, .
<br /> �;. �;:
<br /> •,:;;i��� have the right to cdtect end retain such�nts,issues and proflts as they become due and payable.Upon the occuRence of an Event of
<br /> •�''."' qefauit,Lender may, efther in person or by agent,with or without bringing eny ac8on or proceeding,or by a receiver appointed by e
<br />�a�;�;,':r,,.� ' couR end without regatd to the adas�uacy of its sec�rity,enter upon end take possession oi the Proyerty,or any part thereo(.in ils own ��-
<br /> �' �' name or tn the name of the Tnistee,end do eny acts which it deems necessary or desireble to preserve the value,marketabflity or -
<br /> T:..1 = -
<br /> ���* rentebllity of the Property.or any part thereof or interest therein,or to increase the income therefrom or protect the securiry hereof a ,
<br /> �,`:�:,tr�� �r{�h a wdthout tahhg possessbn of the Property,sue tor or otherwise collect the rents,issues end proflts thereol.induding those past �"
<br /> "�°° due and unpald, by notitying tenants to make payments to Lender.Lender may appiy rents,issues and profits,less costs end expens-
<br /> �.���.
<br />°�--`,.`"-. es of operaUon aM collectton�nGuding attomey's fees,to eny indebtedness secured hereby,ell in such order as lender ma9 deter-
<br /> _-�°L� m!ste.Ths pnteri�uoon and takinp possession of the Property. the oo�leodon ot such rents,issues and profits, end the applicaUon
<br />-�°-�i„��, fhereof as aforesald shall not cure or waive eny default ar nodce oi detault hereuncier or invai'�ibie a��y aci dcr� !n r�����-t'-�-"�'n _
<br /> _ _�V� default or pur�uant to such notice of defeuit and, notwithstanding the continuance in passessbn oi the pmperty
<br /> ;����� �oceipt end applicaUo�of�ents,issues or profib,Trustee end Lender shall be entitled to exercise every right provided for In ai oi sole.
<br />--- ;-,o;� Loan Instruments a by law upon ocxurt'e►�ce of eny Even t o i D e f eu l t,i n G u d i n g w i t h o u t I l m i t e t i o n t h e r i ght to exercfse tl►a powe
<br /> �;;�,•+„,,'"'��_ Furthet,Lender's righte and remedies under this paregreph shall be cumulative with,and in no way a limitetion on.Lenders �gh�s a�d
<br />-_=_��;�'�.;� remudies under any assig�ment of leases and rents recorded e9alnst the Property.Lender,Trustee and the receiver shaN be Ilable W
<br /> account only for those rents ectually received.
<br />—=�w�� 11.Ewnt�of I�fauh.i he fdbwiny aiu3{i canstttutc an Evertt ot 4efeult Under thls 1)eeA nf Trusr _-
<br /> _—— (a)Fallure to pay any insteliment ot pNncipal or interest a any other sum secured hereby when due:
<br /> --.,`� (p)A breach of or defauit u►xler any provisbn contelned In tta Note,this Deed of Trust,any oi the Loan Instnmients,or any
<br /> other Ilen aencumbrance upon the Property;
<br /> (a)A wdt oi execudon or ettachment or eny slmflar process aheli be entered egainst Trustor whtch shau become a Ilen on
<br /> the Properry or any portion thereof or interest therein;
<br /> � (d)There shalt be flled by or agalnst Trustar ar Borrower an actlon untler eny present or future tederat,s4ete ar other stetute,
<br /> iaw or rsgd�tlon raistlng to benkruptcy,inaolvency or other reHet for dsbtors:or thero shall be appointsd any watee. �eceiver or
<br /> - Ilquideto{ot Trustor cx Borrower or oi ell or eny paR of the Proporly.ar the re►►ts.�ssues a Proft��1BOf�°f Truata or Borrower
<br /> ,_,..� shall make any ge�neral asslgnment for the benefit oi aeditas;
<br /> (e)T'he sale,transfer, lease,assignment, conveyence or fuAher encumbrence of a11 or eny part oi or eny hterest in the
<br /> -�-v W— property��ther valunta�ily or involunterily,without the express written oonsent of Lender,provlded Lhat Trustor shail be permit-
<br /> - ted to execute a iease of the Property that does not contaln an opUon to purchase and the term oi which does not gxceed one
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<br /> ---------- �(�Abendonment of the Property;or
<br />-a��.� (p) If Tmstor fs not an tndividual,the Issuance,sale, transfer,aasignment,conveyanoe or encumtxance of mo�than(ii e
<br /> --- oorporetiai)a totai ot percent of its issued and outstand�ng stodc,or((f a parinership)e total nf Re�-
<br /> � cent ot partnershlp Interests,or(ii a lim(ted 1'�bii'�}r company)e total of percent ot the IirMted 4abillry compa-
<br /> -"�'�'r� ny inte�sb or voUng rights during the period th�s Deed of Trust remains e lien on the property
<br /> -�"`�'�� 12.R�rn�dt�s;AccN�radon Upon D�hult.In the event ot any Event ot Default Lender may,without notice except as requlred
<br /> r:�;x-;r: by lav�,,deqare aN indabtedness secured hereby to be due end peyable and the same shall thereupon become due and payeble wlth-
<br /> `�°;;`'�� out any presentment,demand,protest or notico oi any kind.Thereafter Lender mey:
<br /> �• •"?":; (a)pemand that Trustee exercise the POWER OF SALE granted herein,and Trustee shall thereaRer cause Truslors inter-
<br /> ''�` '�' est In the Property to be sold and tfie proceeds to be distnbuted,ell In Me manner provided in the Nebraska Trust Deeds Ack
<br /> - (b) ExerClse eny and ali�ights provided tor in any of the Loan Instruments or by law upon cecurrence oi any Event of f_
<br />�-::� DetauR;end `_
<br /> .'�:`.:_:' �.- (o)Commence an ecNon to foneclose this Deed of Trust as e mortgage.eppoint a reoelver�or sPeciflcaNy enforoe eny ot the _
<br /> :"jr;.' covenanb hereof. -
<br /> No�emedy hereln conferred upon or reserved to Trustee or Lender is Intended to be exclushre of any other remedy herel n����er, '
<br /> � Instruments or by law provided or permitted,but each shall be cumulative,shali be In addiUon to every other remed�► 9 _
<br />•:�.�,��'• in the Loan instrwne+�ts or�ow o�hereafter exisdng et lew or In equfty or by statute,and may be exerdsed oor�curtentty,�rtdePendBnUy c
<br /> _- - - - - or succesiveiy-
<br /> ; "'"� 13.Trutue.The Trustee may resign et eny time without cause,and Lender may et eny hme end without cause appoini a sua-
<br /> cessor or substiNte Trustee.Trustee ahall not be Uable to eny party,including wilhout Iimitetbn Lender,Barower,Trustor a any pur-
<br /> chaaer of the Property,fu any bss or damage unless due to reckless or wi�lfu�misconduct,end shatl not be requked to take eny ection
<br /> '�' �n oonnectlpn w�h the enforcement of thfs Deod ot Trust unless Indemnified,in w�iUng,for all costs,compensatian or expenses vrhich
<br /> � may be associated therewith•In addidon,Trustee may bc�co+ne e purc,haser at any sale of the Property(judidal a under the power of
<br /> � sale granted hemin);postpone the salo of all or any portion of tha Prc�perty.as provided by law;or seli the Properly es e who�e.or in
<br /> separate parc�h or iots et 7rustee's dlsCretlon.
<br /> 14.FeN�nd ExMns�s.In the event Trustee selis the PropeAy by exerGse oi power of sele,Trustee shaa be entiUed Qo apply
<br /> any sate proc�eds flrst to payment of all�costs and expenses ot exerGsing power oi sale,lnctucling alt Trustee's fees, and Lende�s end
<br />- Trustee's ett�mey's Tees, actualiy Incurred to extent pormitted by applicable law.In the event Borrower or T►ustor exercises any r�ght
<br /> provWed by law lo cure an Event of Default,Lender shall be entitbd to recove�irom Tnistor all costs and expenses actualiY fncurrod as
<br /> � a resuit ot Truslor's default,InGudir,g without lfmltetbn all Trustee's and attomey's tees.to the extent permitted by epQlicable law.
<br /> 15.Futu� Advanc�s.Upon request o!Borrower,Lender may, at Its optbn, make additional and future advanoes and read•
<br /> vances to Bonaver.Such edvanoss and readvances,witfi interest theroon.shali be secured by thls Deed ot Trus►.At no time shall the
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