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<br /> '1'roceeda')In connecllon with condemnetion or other tekinp oi the Property or part theraof,or tor conveyance in Unu of condemnation.
<br /> lertder shell be entitlad at Its optlon ta commence,app9er in end proaecute In fts own name any actlon or proceedinga,end shait atso
<br /> be ent111ed to mako any compromise or settlement in connection with such taking a damage.In the event any portion o1 the Property Is
<br /> so teken a damapetJ, Lender ahail have the o�don in Ite sole and absolute dleaetlon, to epply all auch prcx�.eeds, aRer deductinp
<br /> theretrom ali costs end expenses incurred by it In connectbn wit�euch Proce�ia,upon eny Indebtednesa secured hereby and in such
<br /> order es Lendsr may detsrmin�,or W epply all such Proceeds,aRer such deductlans,w the restoratbn oI lhe Property upan sucb con-
<br /> dilione as lender may determina.My appllcatlon of Proceed�to Indebtednasa ehall not extend or postpone the due dete of eny pay-
<br /> menb under ths Nate,or curo any deteuft therounder or hereunder.Any unapplled funda shel!be paid to Trustor.
<br /> 9.P�dormanc�by L.�nd�r. Upon tha occurtence of an Event of Default herounder,or If any ect Is taken or legel proceoding�
<br /> commenced wh�h materially eBects Lender'e Intt�rest In the Property,Lender may in ila own discreGon,but without obtigation to do so, t `
<br /> end wlthout notke to or demand upon Truator end without roleaaing Truetor from eny obligetion,do eny aat which Truator has egreed
<br /> hut falied to do and may etso do any other ect It deems necessery to protect u�e security hereoi. Trustor shalt,immedlateiy upon�•�1
<br /> demand therefor by Lende►,pay to Lender ell casta and expenses Incurred e�d sums expended by Lender In connection with the exer•�
<br /> cise Gy Lender ei the toregotng rights,together with interest thereon at the defaua rate provided In the Note,which shail be addod to�
<br /> tha indebtedness secured hereby.Lender shali nat Incur any Ilability because of anything It may do or omlt to do hereunder.
<br /> 9. Huardous Materl�is. Trustor shall keep the Property In compilance with a�! applicabla laws,oMinances and regulatlons�1
<br /> relatlng to N�dusMal hyglens or envtronmentel protecUon(collectively referred to hereln as"Environmental Lawe').Trustor ahall keep Q�
<br /> fhe Pmperty free from all substencea deemed ta be haaardous ur toxia under any Gndronmental Laws(c�IlecUvely refarred to hereln
<br /> as"Harardous Materials").Trusta•hereby warrants a�d represents to Lender that there are no Hazardous Materials on or under the
<br /> Properiy.Truetor hereby agrees to indemnify and hold harmless Lender,Its directas.officors,employees and agents,and any succes-
<br /> sora to Lendar's(nterest,fram and against any and atl ciaims,damages,lossea end uabiBUes arising in connectbn with the presence,
<br /> uae,diaposal or transport ot any Hazardoua Mat�riels on,under,irom or about the Property.THE FOREGO1NCi WARRANTIES ANO
<br /> REPRESENTATIONS,AND TRUSTOR'S OBLIGATIONS PURSUANT TO THE FOREGOING INDEMNITY, SHALL SURVIVH
<br /> ftECONVEYANC�OF THiS D�ED OF TRUSi. -
<br />` 1 O.Asslpnm�nt of R�nb.Trustor hereby esalflns to Lender, and grante Lender a seaurity interest in,ail present,future end
<br /> after edsinp rents,Issuea end proftts ot the Property;prov�ded thet'frustor shuil.until the occurtence of an Event af Defauit,herounder,
<br /> have tha rlght W collect and reteln such rents,Issues and proBta as lhey become due and payable.Upon the occuRence of an Event of
<br /> qefeuft, Lender may,either In peraon or by egant,with or without bdnping any action or proceeding,or by e recatver eppolnted by e
<br /> couR and wlthout regard to the edequocy of its eecudty,enter upan and take pc�saearslon of the Property,or anyr paR thereoi,In ite awn
<br /> nems or In the name of the Tniatee,end do eny acts which it deems necoasary or deslrablo to proaerve the velue, merket�bHlty or
<br /> rontabAity o(the Pro�erty,or any part thsnai or Interost thereln,or to Increaae the Incane therofrom or protect the�ecurfty heroo�and,
<br /> wkh a without 4eking poaseaalon of the Properly,sue for or othervrhe collect the rents,laaues and profit�theroof,IncluQkp�ps�t
<br /> du��nd unpeld,by nodfylnD tenants to make payments to Lender.Lender may�ppiy ronu,Issues and p►offh,M�s coru snd�xp�nt-
<br /> s�ot opendon and collsction Includinp�tto►ney'�fees,to any indebtedness seared heroby,all In such order�s Lsndsr may dster-
<br /> min�.TAe entsrinp upon and taklnp posaesslon of ths Property, the colbctlon d such renta, isaues er►d proAte, snd ths eppi�atlon
<br /> !l�sxS w afosr.wl4-.tse!!r.ot r.�srs Qs Wsl�a ar:;�ets�!!or nodc�ef slzfeult herAurt�er�r 4nue!l�efe sny ees�!en�!In r!M�!+n�w t���,rl�
<br /> dsfault o�purauant to euch nottce of default and,notwithstendinp the contlnuance In possession of the property or the collectlon,
<br /> rooelpt s�d ppplk�tlon W ronte,Inauee w proflts,Truatee and Lender shell be en6tled lo exereise every right provided fa In eny of the
<br /> Loan Inst�xnente or by lew upon ocaumence of eny Event of Detauk,Inciuding wilhout Ilmltetlon the right to exercfsa tha power of sele.
<br /> Fw�tl�e►,Lender's�iphts and remedlei under tfiia paregreph ehell be cumulative wkb.end In no way a IfmiteUon on,Lender'e ri�hta end
<br /> remedies under any eaalynment of basea and ronb recorded egainst the Properry. Lender,Tn�stee and the re�»iver ahaH be Ileble to
<br />' account only for thoae ronb actually recelved.
<br /> t�.Ewnb ot DNauk.The foliow(n�shall constitute en Event of Defauk under thts Deed of Trush
<br /> . (e)Feilure w pay eny fnstaliment of prindpal or tntarest a any othar eum secured hereby when due;
<br /> (bj A breach of or default under any provision contalned In the Note, thls Deed ot Tnist,eny of the Loan Inshuments,or any
<br /> . other Ilen or encumbrance upon the Property;
<br /> (c)A w�it ot execution or ettechment or any similar process shail be entered against Trustor which shall become a Ilen on
<br /> ' fhe Propetty or any poAlon thereof ot interoat theroin;
<br /> • (d)There ahall be fi{ad by or egatnst Tnsator or BoROwer en action under any present or tuture tederal,state or other statute,
<br /> iaw or npulattor�nl�ttnp to bank►uptay,Inadvency or other reliei for debton;or thero shall bs appointsd any trustss,rocsiver or
<br /> , Itquldetor af Truetar or Barower or of ail w eny part of the PropeRy.or tho ronts,isauas or profita theroof,or Truator or Borrower
<br /> shall make eny penerel aasignment for the benefit of creditoro;
<br /> (e)The sele,tranafer,leaae, essignment, conveyance or further enamb►ance of all or any part of or eny interest tn the
<br /> PropeAy,either volunta�ily or tnvoiuntedty,without the express wrilten coment of Lender;provided that Trustor shall be permk-
<br /> ted to exxuDe e leaae of the PropeRy that doea not eontain an optton ta purchase end the term of which does not exoeed one
<br /> year,
<br /> (n Abandonment ot the PropeAy;or
<br /> (p) If Truator is not an individual,the iasuance,sale,transfer,asaipnment,ranvayance or encumbrenoe of more than(H e
<br /> corporat(on)a total oi percent of Its lssued and outstanding etoGc, or pf a partnershtp)e total of per-
<br /> cent of partnorahip Intereata,or(if a Ilmited IIabllity company)e total oi percent of the Ifn�ited Ilebility corrpa-
<br /> � ny interesta or voUng rights durfnp bre period this Oead ot Trust rematns e len on the property.
<br /> 12.R�nNdMs;Accd�ratlon Upon DetauM.In U�e event of any Event of Defadt Lender mey,without noHce except es required
<br /> by law,dadare all indebtedneas eecured hereby W be due and peyeble and the earne shall thereupon beeome due and payable with-
<br /> out any presentment,demand,proteat or not�e of any kind.ThereaRer lender mey:
<br /> (a)Demand that Truatea exeroise the POWHR OF SALE grented hereki. and Trustee shall theroaRer cause Tniator's Inter
<br /> est in the Ptt>perty to be sold and the proceeds to be dlstributed,ell tn the manner provided In the Nebraska Trust Deeds Act;
<br /> (b) Exerciae eny and all rights provlded for In any oi the Loen InsUuments or by law upon occurrence of any Event of
<br /> • Default;and
<br /> (o)Commence en acNon to foreclose thfs Deed of Trust as a rrtoRgage,appotnt a receiver,or specHicaliy enforrs any of the
<br /> covenanta hereof.
<br /> No remedy herein conferred upon or reserved to Trustee or Lender Is Intended to be excluslve of eny other remedy heretn,in the Loan
<br /> Insvumenb or by lew provWed or permitted,but each shell be cumulative,shalt be[n additbn to evwy other remedy given hereunder,
<br /> In the Loan Inatrumenta or now or heroaiter exlsUnp at law or in equlty or by statute, and may be exerclsed�oncurrendy,IndependenUy
<br /> or succeshrely.
<br /> 9�.7rusie�.i ne i rueie�rriuy ni8yn ui any ume wivioui i�use,and ia�der may ai any iime end wiinoui cnu8v uppoirii d duir .
<br /> ceasor or eubatltute Trustee.Trustee shall not be Ileble to any party,Including wNhout Ilmltation Lender,Borrower,Trustor or any pur-
<br /> cha�er ot the Property►,tor any losa or damege unless due 4o recktess or willful mhconduct,and ahali not be requtred to teke any acNon � -
<br /> In oonnecfion with the eniorcement of thls Deed ot Trust unless tndemnified,In writing,for all costs,compensation or expenses whtch _.
<br /> may be assxiated therewfth.In addldon,Trustee mey becAmo e purchaser et any sale of the Property Qudidal or under the power of =
<br /> aa�e yranted herein);postpone the sale of all or any portlon of the Property,as provided by law;or sel�the Proportyr as a who�e,or in �
<br /> separete percels or lots at Trustee'a dfscreUon. �
<br /> 14.Fs�s�nd Exp�n�es.In the event Trustee seils the Property by exerdsa of power of sale,Trustee shall be enUUed to apply �
<br /> any sele procoeds ftrst to payment af alt costa end expenses of exercising power of sele.Inc�udinp all Trustee's fees,and Lenders and `=
<br /> Trustee's ettomey'a fees, actually Incurred to extent permitted by epplicabte law.In the event 8orrower or Trustor exercises any Aght =
<br /> provided by law to cure an Event oi Default,Lender shali be entttted to recover from TNStor ell costs and expenses actually incurred as =
<br />_ e result ot TrustoPs default,inctuding wtthout Ilmitatbn all Tn�steo's and attomey's faes,to the extent permitted by applicable law. '
<br /> 15.Futuro Advane�s.Upon request of Borrower, Lender may,at its oplbn,make edditional and future advances and read- =
<br /> vances to Borrower.Such advances and readvances,with interest thereon,shall be secured by thls Deed of Trust.At no time shall the _
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