|
.�� � .__
<br /> ..:�°c_. _ . ' _ _ _ *�?'.
<br />. .1 . ' . – _ �}y;y, . . ... .._ '". ...L---'�__-_____��U+� �
<br /> . . �- • L. .���''""" .._. ... --.—
<br /> _��.–�.��
<br /> . .__ _ L A�reS�IIG/.+�K �^'�sMr.... r�r��.....w...��..f.._..�. .�__"_........."_'__"... .. .. .
<br />. _____` . ..�..7 M,� ��`�,(�I� �.:.
<br /> W — �M
<br />..[."�`(.���7�
<br />' . �}
<br /> '•�� 7.Emin�nt DamMn.Lender la hereby ltsiyned�II compematlon,awuds,demogos�n�='hor peymentn or rollef lherelnafter'Proceede"1
<br /> In cannectlon with condemnatfon or othe�tekinp af the Roperty or pan thereoi,or for conveyence In Iteu of co�demn�tlon.Lentler•shell . _
<br /> . .. � tuken or dameped, Lendor eholl heve the optlon In ita ealo and ubeolute dlacretlon,to epply ell nuch Procaede,after deducting therofrorn "
<br /> all conte and expeneos Incurred by It In connectlon wlth�uch Ptoceed�,upon any Indebtednoas eacured liereby and In aucl►order a9 �._,
<br /> Lender mey determine,or to apply ell wch Pr�caed�,after nuch deductfone,to tho restotetton ot the Propony upon euch�ondltlons ea a?r
<br /> ,� Lender may datermino.Any appiicatlon ot Proceeds to indebtednese ahsll not extend or pootpone the due dete of eny payment�under �_
<br /> � the Noze,or cure bny defautt thereurtder or hereunder.Any unepplled funds shell be peid to Truntor. ,
<br /> ,� 8. P�Aonn�c� by L�nd�►. Upon the occurrence o} an Event o} Default herounder, or ff eny act ie taken or legel proceedinp �-T-
<br /> ,' commenced which materlelly atfect�Lander'e interest In the Property,Lender mey In It�own dlncrotlon,but without obllpatlon to do so, _;
<br /> und v�lthout notic�to or domnnd upon Truetot end without releeslnfl Truetor trom eny obilpotlan, do any nct whlch Trustor haa agreed Ir•..
<br /> but tells to do end may alap do sny other ect it deems neces�ery to pratect the ancurlty hereot.Truator ahatl,imrnedietely upon dam�nJ
<br /> F
<br /> ..;,�'���s•F . therefor by Lender,pay to Lender ell eQat�snd expenfe�Incurred end sum�expended by Lender In connection with ths�xtrciee by �
<br /> Lender of the forepoing rlghte, together with Intereat thereon at the Ae}ault rate provided In the Notn, whlch shall be added to the _
<br /> � indebtednes��ecured hereby.Lender ehall not�ncu►any Il�bility because of anythinp It may do or omit to do hereunder.
<br /> - 8.Huardous M�t�rlMs.Truator thsll keep the Property In compltenca with eil eppllaable laws,ordlnancet and regut�tiona nieting to
<br /> � , � indwtrfal hyglene or environmentel ptotectlon lcoitectively re}erred to hereln es"Environmental Lawa"1.Truntor ahall keep the Roperty
<br /> v free irom aIi subsiencea deemed to be haterdoua or toxlo under any Envlronmentel Lewa(eollectively reterred to herein aa"Ha�rdoua
<br /> Meterials'1. Truator haroby warrents end reprosente to Lender that there are no Hazardoua Matadnl on or under the Praperty.7ru�tor �_
<br /> hereby ayreea to indemnify end hold harml�sf Lender, ite direatore,of(icero, employeea and egant�,and any�uccessors to Lender's
<br /> Intatat,trom and egefnat any end dl cl�hns,demeges,loasea end ifabllitiea arieing f� cannectfon wtth the preaence,uae,dinposel ar _
<br /> trensport of any Harardous Materials on,under,fram or sbout the Roperty.THE FORECi01N0 WARRANTIES ANO REPRESENTATIONS,
<br /> AND TRUSTOR'S OBLIOATIONS PURSUANT TO THE FOREGOINCi INOEMNiTY.SHALL SURVIVE RECONVEYANCE OF THIS DEED OF
<br /> TRUST. '
<br />- � 10.As�ipnm�nt of R�nts.Trustor haeby esafgna to Lender, end prsnta Lender s security intereat in,ail present,future and after
<br /> ris�ing rents,Issuea end profite of the RropeRy:provided that Trustor shell,until the occurrence of�n Event of Default heraundar,hevs
<br /> the ripht to coilect end retain such rerote,fssues and profita as they becomo duo and peya4le. Upor the occurrence of an Event of _
<br /> Detault,Lender may, elther in peraon o►by egent,v+ith or without btingtnp any actlon or proceeding,or by e recelver appotntad by a
<br /> � court and without regard to the adequeey of ita security, eMer upon and take poaaeation of the Propetry,or any pan thereof,in ita own
<br /> neme or in the name of the Truetee,and do eny acts which it deema neceasary or desfrebte to proeerve the vatua,merkstabiliiy or
<br /> ':�; �` rentWiiity of the F'roperty,or any part theroof or intereat thereln,or ta incroase the income therefrom or protect the aecurity hereof and,
<br /> • with or without taking poasession of the Roperty,nue for or otherwtse coliect the rents,issues and profhs theteof,includinp thoss past
<br /> ` ' Y•;;� due snd unpaid, by notifyinp tonsnta to meke paymante to Lender. Lender may apply rents.Isauee and profite,lesa costs and expenses
<br /> �-"�'r"�'" � of operation and coilectlen Including�ttorneya'fee�,to eny indebtedness sacured hereby,all In aueh order a�Lender may determine.The
<br />°'=�'.`- enterin�upon and taking poaaesston of the Property, the coliectlon of such renta, isaues and profite, and the epplication theteof as
<br />,..,r`;�. � aforoaaid,sheli not curo or waive any default or notice of defeuit herounder or invalidete any act done in response to euch defauk or
<br />;�•t•• � purauant to such notice of defautt end,notwithatanding the continuance In posseaaion of the Property or the collection, receipt and
<br /> "�"�'+� � application of rente, lasues or profite, Trustee and Lend�r shall be entitted to exerciae every right provided for in any of the Laen
<br /> ._x:5.�� Instruments or by law upon occurrence of any Evnnt ot Defeutt,including without Ifmitation the ripht to exerclae the power of ede.
<br /> � "'� � FuriP�R�,L6i�u'a�s righi�and sasss�dla ssttder th�s �ery�r�rh shall be cumulative with,and in no way e Iimkation on, Lender'�dghte and
<br />'�=:��M,•� '�� remedies under any essignment of baaee and renta rocorded agafnat the Property. Lender,Truetee and the receWer ehau be uable to
<br /> _ �"�`-'t~' accouat only fo�tho:e rants actucSy re:.��+ad.
<br /> '���`��� 11.Ev�nts of D�t�uit.The following ehall constRute an Event of Defauft undet thta Deed of Trust:
<br /> -=�r,�,�:,
<br /> °- (a)Fallure to pay eny instaliment of principal or intarest of eny other aum aecured hereby when due;
<br />..,��,;�:=y°'°- (b)A breach of or dafauR under any provlsion conteined in the Note,this Deed of Truet,eny af the Loen Inatrumenta,or any
<br /> --.---..- ---- othe►lien or encumbmece upoo the Roperty;
<br /> __-_-�..--.:� (o)A writ of executton or attachment or any eimilar process sheli be entornd ageinst T►ustar which ahail become a ilen on the
<br /> __ _ Property or eny portion thereof or interest thereln;
<br />- 4,ti,�,� (d)There shall be fited by or egsinat Trustor or Borrower an actfon under eny present or futuro fadnral,state or other ntetue,lew
<br /> '� or reguiatbn relating to bankruptcy, Insoivancy or other relfef for debtnrs;or there shall be eppofnted any trustee, rece(ver or
<br /> --- liquldatar of Trustor ar Borrawer o� of all or eny part of the Property,or the renta,issues or p�of(ts thereof,or Trustor o� Borrower
<br /> — shall meke eny generai assignment for the benefit of c�editore;
<br /> -"� te>The sale,tronafet,leaso,esstgnment,conveyance or further eneumbrance of all or eny part of or a�y interest in the Propercy,
<br /> ehher voluntarlly ar fnvoluntarily,without the expreu written consent of Lendor;provided that Truator ehall be pe►mitted to execute
<br /> a tease of tho Property that doe�not conteln an optlon to purchase and tho term of whieh does not exnaed one year;
<br /> � (f) Abando�ment of tfie�ope►�'y;or
<br /> -- ---- • (g) If Teuator is not an indlvidual, the issuance, sole,transfer, essignment, conveyance or encumbrance of more then (N a
<br /> — carpotatbn)s totel ot er/A pacent of ks iasued and outstanding stock,or(lf a partnersAip) e totel of N/r percent of
<br /> -�--� partnerahip Interons,or a �mtted Ilablliry company)a total of N�� percent of the Umitnd IIaDIIIty compsny Intemats or voting
<br /> — — rtghts durinp the period thl�Daed of Truet remnins o Hen on the Property.
<br /> � 12.R�s:AceN�ntlon Upon D�twk.In the event of any Event of Detault Lender may,wfthout notlee except ea required bv law,
<br /> — - declare all Indebtedneas eecured hereby to be due and peyabte end the anme shall thereupo�become due end payable without eny
<br /> -� prese�tmeiit,demand,protest or notice of any kind.Thereeher Lender mey:
<br /> (a)�emand that Truatee exercise the POWER OF SALE granted Aeroln, end Trustee shell thereafter ceuae Trustor'a interest
<br /> -'$�` — In the Properry to be aold and the prxeeds to be distributed,alt in tho manner provided(n the Nebreske Youat Deeda Aci:
<br /> �i�� (b)Exercise eny end ail dghts provided tor in any�i the Loan Instruments or by lew upon occurcence of any Event of
<br /> ��trr�y Default;end
<br /> ���`� (c)Commence an ectlon to foreclose this Oeed of Trust as a mortgage, appoint e receiver,or apecNically eoforce any of the
<br />_^�:��.,►�` covenante hereoi.
<br /> - •=�•�+'�� � No remedy herein conferred upon or reserved to Trustee or Lender is intended to be exclusivs of any other romady heroin, tn the Loen
<br /> -�-:�"�'��; instrumente or by Iaw provided or perrnitted,but each shall be cumulative,shail be in eddition to every other remedy pivon hereunder, in
<br /> °' �,-i� the Loan instruments o�now ar hereafta existing at Iaw or in equlty or by stntute,nnd may be exercised concurrently,Independently ar
<br />:�-�. � . succeasively.
<br /> 13.7rustN.7he Trustee may resign at any tima wiYhout cause,end Lender mAy at any time and without ceuse appoint a succeuar
<br /> #� or subatitute Trustee.Trustee ahall not be liabte to any party,including without Iimitation Lander,Bortowor,Trustor or eny purcheser af _
<br /> - • the Property, fot any loss ot damepe unle:s due to reckless or wiilful misconduct,and shail not be required to take any action In
<br /> "- �' connaction with the enforcement of thia Deed of Trust unless Indemnified,in wtiting,for eii costs,compensetion or expenses whieh may
<br /> � be essociated therowith.In addition, Trestee may 6ecome a purchaser at a�y sale of the Roperty Qudicial or under the power of sale
<br />-.;.
<br /> ,_ .:�—� grented herein);postpone the sale ot all or eny portion of tho Property.as provided by law;or scll the Property as a wholo,or in separete
<br /> ., ,;,.r� ,� parcels or lote at Trustee's discretfon.
<br /> ----„- - _-_ . . _ ._ ._.�__..__.._.,___��_.�.a....._..,,ti„oYa.�t��t nower ot saln.Trustee shail be entitied to apply any sab -
<br />-:�__-'------ �-°-� 14.!'Ni M1�tltp�nws.tn tna arc.n�...o.ov w.............��._._. --'- - -
<br /> � ' proceeds ifrst to payment of ail casts and oxpenses of exercising power of sale,including ail Truatee's fees,and Le�der's and Ttuatee'e °
<br /> ettorney's feos,actuulty Incurrod to oxtent petmitted by applicable lew. In the event Borrower or Trustor exerClsea eny right provided by
<br /> - • iaw to cure an Event o1 Defauit, Lender shaN be entitled to tecover from Truator all costs and expenses actually incurred as a resu�t of
<br /> Trustor's defeult,including without limitetion a117rusteo's and attotnoy's fees,to the extent permitted by epplicablo law.
<br /> 16.Futun Advsncw.Upon request of Borrower,Lender may,at fts option,make additional and futute edvences and readvances to
<br /> Borcower.Such edvences and readvances, with interest thareon.shall be secured by thfa Deed of Trust.At no time shall the p�tncipal
<br /> amount of tho indebtednoos socured by thia Deed of Trust,not including aums edvancad to protect the security ot th{s Deed of Trust.
<br /> ' exceed the original principol emount stated hcrain,or 9 ga oo ,whichever Is groater.
<br />• NBC346)8 INU�p��cWturel DeeAI Nov.ON9
<br /> 1088 N7tlanal Omk o1 Comm±rce Ttust md S�rinpf Assaa�uon.Lncc�n,NeDraslo
<br /> t • _
<br /> —J -
<br />
|