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<br /> n ion wUh condemnation or other taking o1 the Property ar part theraoi,or for c�ve a�1f5�T�D�ndemnatlon.
<br /> � "Proceeds') in con oct �
<br /> � Lond�r shnll bo ontitled al its optlon to commence,appoar In and prosecute In Its own name any action or proceedinga,end ehatl also
<br /> be entitled to m�ke any compromise or settlament In connectlon wlth such taking or damage.In the e�ent any portlon ol Ihe Property is
<br /> � -a
<br /> ` , � so tnk��,or damaged, Lender shall have the option in Its sole and absoiute discretlon, to epply all such proceeds, efter deductlng �`='
<br /> therefrom aU costs and expenses Incurrod by it In connectlon with such Rrxeods,upon any indebtednoss secured he�eby and In such '�•
<br /> ordar as lender may determine,or to oppiy all such Proceeds,eiter such deductions,to the restor�tion oi the Property upon such can- �;�^
<br /> ditbns as l.ender may determine.My application of Proceeds to Indebtedness shall not extcsnd or postpone the due deto of eny pay —:_-
<br /> ments undo�the Note,or cure any defaull thereunder or hereunder.Any unapplled funds shail be pald to Trustor. -
<br /> �:_
<br /> 8.PMarmanc� by L�nder.Upon the occurrence of an Event of Detaull hereunder,or if any act is taken or Iagal proce�din� �._
<br /> ��' c;ommencod which materfaliy atfecte Lender's interest{n lhe Property,Lender may in(ts own discretion,but wfthout obligatton to do so,
<br /> � and without �otice to or demand upon Trustor and wfthout releasing Trustor from any obligation,do any act which Truslor hes agreed —
<br />. but failed to do and may atso do any other act it deems necessary to protect the security hereof. Trustor shall,frnmedietely upon
<br /> domand th�retor by Lender,pay ta Lender all cost3 and exponses incuned and sums expended by Lender in connection with the exer-
<br /> • cise by Lender of the faegoing Mghte, together with interest thereon at the default rate provided in the Note,which shali be added to
<br /> �. tho indebladness secured hereby.Lender shall not incur any Ilabillty because oi anything it may do or omit to do hHeunder.
<br /> � 9.Ha�dous M�t�rNls. Tmstor shall keep the Property�n compliance with a11 applicabte laws, ordinar�ces end reguiatbns
<br /> • +;; Pelating lo industrial hyglene or environmental protection(C011ectively referred to herein as"Environmentel Laws').Tnntor shall keep —
<br /> .�, the Property free from all substances deemed to be hazerdous or toxtc under any Environmental Lewa(collectively referred to he�ein _
<br /> � � as'Hazardous Materials'). Trustor hereby werrants and represents to l.ender that there are no Hazardous Matedals on or under the
<br /> �,� property.Trustor hereby agrees to indemnify end hold harmloss Lender,its directors,oiflcers,employees and egenls, and any succes-
<br /> sors to Lender's interest,from and agalnst any end all clalms,damages,losses and Ilabilities arising in connection wilh the prasence.
<br /> . . REPRE ENTAT ONS,AND RUSTQR'S OBLIjGAT10NS PURSUANTbTO THE FQR GOING NDEMNITY, S�L SURVIVE _
<br /> ' RECONVEYANCE OF THIS DEED OF TRUST.
<br /> � 10. /1sti�nm�nt oi R�nb.Trustor hereby assigns to Lender,and grents Lender a security interest(n,ell present,tuture and
<br /> � afler arising rents,Issues and proflta oi the Property;provided that Trustor shall,until the occunence of an Event of Detault,hereunder,
<br /> . " have the right to collect and retain such rents,Issues and pro0ts as they become due and payable.Upon the occurrence of an Event oi
<br /> Qefault,Lender may, either In person or by agent,with or wilhout bringing any ection or proceeding,or by a receiver appointed by a
<br /> • ' couK and without regard to the adequacy oi Its secudty,enter upon end take possesslon of the Propertv,or eny part ther�f,In(ts own
<br /> - � name a in the neme of the Trustee, and do eny ects which it deems necessary or desl�able to preserve the velu�,ma�ketability cx �
<br /> � rentablliry oi lhe Properly,or eny part thereof or intesost therein,or to increase the tncome thereirom or protect the aec�itY hereof and,
<br /> � with or without taking possession of the Property,sue for or otherwise collect the rents,Issues end profits thereoi,including those past
<br />°;-.�' � due and unpald,by notifying tenants to make peyments to Lender.Lender may appiy rents,issues�nd profits,less c:asls and expens-
<br /> es of operatbn and collection inctuding attomey's fees,to any indebtedness secured hereby,all In such order es Lencler may deter-
<br /> .;,,;`� ,•,�.. ' mi,w. Ttw artoring up;,n vr�!t3k!^$ p!)SSesslotl^f tfiw Preaerty,the coltectlon of such rents,Issues end profits,a�dthe eppl�ation
<br /> ' � r" thereot as atoreseid shail not cure w waive any default or notice oi defauit hereunder or Invalidate any ect done in reeponse to such
<br /> �;. , ..
<br />-�;`�'`-'''°�r`� defautt or pursuant to suah notice of defauit and, notwithatending the continuance In possessbn oi the property a the collection,
<br /> "� � �'" r' p Iication of rents,issues or profits,Trustee and Lender shali be entitled to exercise every right providad for U eny oi the
<br /> `,,,�:4;. '�.:- reoei tand aPP
<br />'`'-=� '•x' loan Instruments or by law upon occurrence of any Event oi Default,including without Ilmitetfon the right to exerGse the power ot sale.
<br /> -,?�sr�:��?�'.
<br /> Further,Lender's rights and remedles under this paragraph shall be cumulative with,and in no way a Ilmitadon on,Lender's rights a
<br /> - R��':�::� remedles under any assignment ot leases and rents recorded agalnst the Property.Lender,Trustee end the recelvar shall be Ileble to
<br /> =-- eccounl uniy(ui it�3�u rct2.".�C:�talh;rcw::�°t!.
<br /> _�'==:'�� 11. Ev�nts ot Gf:ult.Tho following shall constitute en Event of Default under this Daed of Trust:
<br /> —Y�'���� (a)Faliure to pay eny installment of principal or interest or any other sum secured hereby when due;
<br /> -�`-�'g`� (b)A breach of or defeult under any provision conteined in the Note,this Dead oi Trust,any oi the Loan InsUumenta,or eny
<br />_"�;�:!''f� otherlien or encumbrance upon the Property;
<br /> -----�� (c)A wdt oi execution or atlachment or any slmilar process shall be e��tered against Trustor which shal! become a Ilen on
<br /> -- - the Property or any portlon thereof or interest therein;
<br /> = ' _ (d)There shall be filed by or agafnst Trustor ot Borrower an action under any present or future federal,sNate or other stetute,
<br /> �-- �� lew a repulation reledng to bankruptcy,insdvency or other relief tor debtors;or thero shall be eppolntad any truste�,receiver or
<br /> --=� IlquWator oi Trustor or Borrawer or of all a any part oi ihe PropeRy,or tfie rents,issues or proTits thereot,or Tn�tor or Borrower
<br /> �;;,,�y$� shall make eny generat assignmant for the benefit of creditas;
<br /> -���v!�� (e) The sale, trensfer,lease,assignment, conveyence or further encumbrance oi all or any paR oi or any interest In the
<br /> �-e Property,elther volunteHty or invotunteriiy,without the express written consent oi Lender,provided that Trusta ehall be pertnit-
<br /> --�--- ted to execute a lease of the Propert�r that does not contaln en optbn to purchase a�d the term of whlch does not exceed one
<br /> _ "_-:.�'ses� year,
<br /> - (Q Abandonment of the Property;or
<br /> -�=p� (g) (f Trustor is not an Individual,the issuance, saie,transter,essignment,conveyance or encumbrenca ot mora than(if a
<br /> �-=�=q�� corporatbn) a total of na percent ot its issued and outstending stock,or(it a partnershlp)a total of na per
<br /> ;,.,,.��� cent of partnership interests,or(if a Ilmited liability company)a totel oi na percent of the Ifmited liabitity compa-
<br /> -'°' ��—� ny interests or vodng rights during the period this Deed of Trust remains a lien on the properiy.
<br /> ��;;,���: � 12.R�m�dlea;AccNeratlon Upon D�tauk.In the event of any Event of Detault Lender mey,without noflce except as requlred
<br /> �-'"�',.��;'' by law,dedare all indebtedness secured hereby to bo due an�rayabie and the same shall thereupon become due end payable with-
<br /> �r - '• •' out any presentment,demend,prolest or notice of any kind.Thereafter Lender may:
<br /> '''•'` � '��� (a) Demand that 7nastee exercise the POWER OF SALE granted hereln,and Trustee shali thereafter cause Tmstors Inter-
<br /> ,::;,.
<br /> ',: est In the Property to be sotd and the proceeds to be distributed,ell In the menner provided in the Nebraska Trost Deeds ch
<br /> =� ��"• � (b) Exercise any and ali rights provided for In eny of the Loan Instruments or by Iaw upan occurrence o1 any Event ot
<br /> � t Defauit;and
<br /> • ._ (c) Commence en actlon to foreclose this Deed of Trust as e mortgage,appoint a receiver,ar speciflcally enforce any oi the
<br /> • covenents hereof. �'
<br /> - . No�amedy hereln conferted upon or reserved to Trustee or Lender Is Intended to be exclusive oi any other remedy heroin,in the Loan _
<br /> Instruments or by taw provlded or permitted,but each shall be cumulatl'e,shall be in addition to every olher remeciy�ve���ndentl
<br /> - - �'��•� In the Loan Instruments or now or heroaftor exlsi!^g at law or in eqult;o.by stetute,and may be exerclsed concurren y '
<br /> ,� ____ '_ �-- a SuC+��ively. _
<br /> 13.Trust�e.The Trustee may resign at any time wlthout cause,end Lender may at any time and without causo appoint a suc-
<br /> cessor or subsUtute Trustee.Trustee shall not be Ilable to any party,Including without Ilmltatlon Lender,Borcower. Tnistor or any pur
<br /> . chaser of the Property,for eny loss or damage unless due to reckless or wllltul misconduct,and shall not be requlred to take eny action
<br /> in eonnectbn with the entorcement of this Deed o(Trust un!ess Indemnified,in wd8ng,for all costs,compensatlon a expenses which
<br /> may be assoclated tfierowilh. In addltlon,Trustee may become e purcheser at any sale of the Property Qudlclal o�under the power of
<br /> sete grented herefn);postpone the sale of all or any po�tion of the Property,as provided by law;or setl the Property es a whole,or In
<br /> separete parcels ar lots et Trustee's dfscretlon.
<br /> 14.Fe�s and Exp�ns�s.In the event Trustoe sells lfie Property by exerclse of power of sale,Trustae shal l be entitted to apply
<br /> any sale proceeds flrst to paymont of all costs and expenses of exerclsing powor of sale,Including all Tnistee's fees,and LendePs and
<br /> � Trustee'�attomey's tees, ectually fncuned to extent pertnitted by applicable law.fn the event Borrowar or Trustor exerclses any�ight -
<br /> � provlded by law to cure an Event of Default,Londer shall be entitled to recover from Trustor all costs and expenses aGually incurred as
<br /> a result of Trustor's detault,including without IlmftatEon ell Trustee's and attomey's fees,to tho extent pertnitted by appllcabte law.
<br /> 15.Futuro Advanc�s. Upon request of t3orrower,Lender may,at its optlon,make addltional end tuture advanoes and read-
<br /> vances to Bonowec Such advances and readvances,wlth Interest thereon,shall be secured by this Deed of Trust. At no tlme shall the
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