|
.+� " �-^^r°--
<br /> y . . - _ __
<br /> � - � .�1�•_.-h°IL0lisvl -_
<br /> r . • r. . ' ._ ...����.��..�__.._.
<br /> � .
<br /> � '�I. // ' -. .. • .'_-.
<br /> t �•".. . . - .��7M�..vi:r.1� . . ��• ,/wd�!4�. ....J� . . .. . ,�ar-•�r�.. .r.�,._..�.--�_._. _._____"'__-_________.
<br /> rr1M� t: ' � .
<br /> , . . ..o �wrwMM+«w�+-N..
<br /> .r�l.�ii� ...«. . .
<br /> �`:��..4.� ��— zc����,.
<br /> "Proceeda")In aannectlon wlth condemnatlon or other taking of the Properly or paR thereol,or for convey nce In Iieu of co
<br /> � Lander shell bo antllloci et It�optlon to commence,appear In end proaecule in Ite own neme eny ac11on or proceedinga,ar�d shall aiao
<br /> � "''�� be entltled to make ony compromfse or aettlement In connectlon wfth such teking or damage.In the event any portion oi the Proporty is
<br /> � . � so teken or dnmaged, Lender ahall have the optlon In Its sole and absolute discretlon, to apply all such proceeds, aiter deducting
<br /> � . therefrom all coste and ezpensas Incurred by it in connectlon with such Proceeds, upon any Indebtedness secu�ed hereby end in auch
<br /> �' order es Lender mey determine,or to appiy all auch Proceeds,eRersuch deductlons,to the restoratlon of the Property upon such con-
<br />`.,�;�•�. � ditlona es Lender may detennine.Any appllcaUon ot Proceeds to Indebtedneas shell not extend or postpone the due date of any pey-
<br /> +,;.s ments under the Note, or cu�e eny defeult thereunder or hereunder.Any unepplled funds shal!be paid to T�ustor.
<br /> __��� 9.P�rf�rnwnc� by L�ndar. Upon the occurranca of an Event ot Default horeunder,or it any act is tekon or lege!proceeding
<br /> _;�,g,�,�-. commenced which materiaily effects LendePs Interest In the Property,Lender may in its own discretton,but without obOgallon to do so,
<br /> �_ ��. end without nottce to or demand upon Trustor and wilhout releasing Trusto�trom any obligaUon,do any act�rhich Trustor has agree�
<br /> _� but failed to do and may elso do eny other a�t It deema necessary to protect the securfty hereof.Trustor shall, immedtatety upon
<br />-�—. - demand therefor by Lentler,pay to Lender eIi costs and expenses incurred end sums expended by Lender In connection with the exer-
<br /> . cise by Lender ot the taegoing�ight�,together with Interest the�ean at tha defeult rate provided in the Note,which shati be added to
<br /> � '`�� ' the indebtednoss secu�ed hereby.Lender shall not incur any Ilebliity because of anythUg tt may do or omit to do hereundar.
<br /> =�^•�.;. 9. H�z srdou� IYl�tsrials. Trustor shall kee p the Pmperty in compliance with ell appllcable lews, ordinances and ragulations
<br /> ''{'��"`' relating to Industrial hyglene or envlronmental protection(collectively referred to hereln as"Environmental Laws").Tnistor ahali keep
<br />_, 4�.t'f'
<br /> %sy,_:d�,. the Property free from aN substances deemed to be hazardous or Wxlc under any Envlronmentei l.aws(collectively referred to hereln
<br />:.�:,;•,�S Y.� as"Hazerdous Materials'). Trustor hereby warrants and represents to Lender thet there are no Hazardous Materials on or under the
<br /> • '' r � Property.Trustor herebyagrees to Indomnify and hold harmleas Lender.Ita directors,office�s,employees end agents,and a�y eucces-
<br />=tF� sors to Lenders Interest,irom end against eny and all clalms,damages,bases and Ilebflides arfsfng in connect(on with tha preaence.
<br /> ���' use.disposal or trenspat of any Hazardous Matedels on,under,from or ebout the Property.THE FOREGOIN(i WARRANTIES AND
<br />`; .�,`"�� RE!'�3ESENTATIONS,ANQ'fRUST�R'S OBLIGATIONS PURSUANT TO THE FOREGOING INDEMNIIY, SHFILL SURVIVE
<br /> r..r;•',• RECONVEYANCE OF THIS DEED OF TRUST.
<br /> �:-��;.,._ • 10.Asatpnm�nt of R�nts.Trustor hereby assigna to Lender,a�d prants Lender a security interest in, all present,tuWre and
<br />� i mb.�-. .,.t.
<br />,; ,.�..�.��.., ..y;� efter arising ranLs,issues and proftts of the PropETly;provided that Trustor shall,until the occurrence of en Event of De eult, sreu� er,
<br /> '-�'°�",�,;�;� heve the right to coilect end retain such rents,issues and proflts as ihey become due and pAyable.Upon the occurrence of an Event ot _
<br /> ;;:`:�� Qefault,Lender may, ellher In pe�son or by agent,with or without bdnging pa�y actlon or proceeding,or by a recelver appoEnted by a
<br /> �''y� court and without repa�dto the adequacy of fts aecurlly,enter upon and take posaesslon ot the Property,or any part thereof,tn It& own -
<br /> name or in the name of Ihe Truatee,and do any acis which it deems necessary or desirable to preserve the value,madcotebtltty or
<br /> rentablllty of the Rropariy,or any part thereoi or interest therein,or to increese the income Iherefrom or protect the seourity hereof and,
<br /> '�'•'��t���j��� with or without toking possession oi the Properly,sue for or otherwise coGect the renb,issues and proflts thereoi,including tlwse peat
<br /> -:�'�'�'��r�;�{' t:: due and unpaicl,by notl�ing tenanis to make payments to Lender.Lender mey appty rents,issuas and protits,less ooste and expans-
<br />`=;_R��'�,, es of operation and collectlon including ettomey's fees, to eny indebtedness secured hereby,alt in such order as Lender mey deter-
<br />`-_+���'��.�� mine.'the entering upon and taking possession af the Properry, the collection of such rents,tssues and profite, and ihe epplicaUon
<br /> '"�:-��s��� thereof es eforesaid shall not cure or waive any defauit or noUce ot deteult hereunuer or inveiidate any ecE done in rasponsa i�aiwi�
<br /> - — = default or pursuant to such nottce of defeult and, notwithstanding the wntinuance in possessbn of the property or the ootlecUon,
<br /> = receipt end appltcaUon of rents,tssues or profits,Trustee and Lender shall be entiUed to exercise every right provided for in any of the
<br /> Loa�Instrumenta or by lew upon occurrence ot eny Event of DefauR,Including without ItmiteUon the right to exercise the pawer ot aale.
<br /> Furtl»r,Lender'e dghta end remedfea under thla paregreph ahall be cumuletive wlth,and In no way e IlmitaUon on,Lenders riphts end
<br /> remedfes undar any asslpnmant of leases end rents recorded egainst the Property.Lender,Tn�stee end the receiver ahall be Ilable ta
<br /> ecccwnt ony fa those ronta ectually recelved.
<br /> 11.Ev�nb ot Orf�uR.The followinp ehall consUtutA an Event of Qefeult under thla Oeed of Trust:
<br /> (a)Fallure to pay eny Imtaliment of principal or Interest or any other wm escurod hereby when due;
<br /> (b)A broech of or defeuR under eny provl�lon contelned In the Note�thb Desd W Truat,any of the Laan Inetrumsnte�a�ny
<br /> other Ilen or encumbrence upon the PropeRy;
<br /> (c)A wdt ot execudon or attac�ment or eny similar proceas ehell be enterod egainat Trustor whkh ahaN bAOO�r�e a Hen on
<br /> q�e propeRy cr eny portion theroof or Intsrost theroin;
<br /> (d)There sheN be flled by or egatnst Trustor ot Borrower an adion under eny preaent or(uture federal,eteta or Wfier statute,
<br /> {�w or royulallon nlatlnp to bankruptcy,Inwivency or othsr rolbf tor debton;or thero shall be appokited any trustse,roosiva ar
<br /> Nquidator of TrueMr or Bomower or ot all or any pert of ths Prope►ry�or the ronta�laaues or proflta thereof.or Trustcx or Borrowsr
<br /> ahell make eny penerel easignment for the b�netit oi creditoro;
<br /> (e)The sate,tranafer, leasa,asstgnment,caweyance a further encumbronce of ell or eny pa�t ot or eny intarost In the
<br /> Property,eMher voluntetiiy or(nvduntarlly,witlwut the expross wrKtan consent ot Lender;provkled thet Tn�stw ahall be pertnft-
<br /> bd Eo execute a lease ot the Property that doea not contain an option to purchase end the tem�of which does not exceed one
<br /> year,
<br /> (n Abar�donment of the Propeny;or
<br /> (g)It Truator Is not an individual,the issuance,sale,transfar,esatgnmer�t,conveyance cr encumbrance of more than(N a
<br /> corporallon)a totel of percent M ita iasued end outstanding atodc,or(N a partnershlp)e total of per-
<br /> cent of partnereNp Uterests,or(H a Qmitod Ilability oompeny)A toW oi pe�cent of the Ymit�ed Ilabitity comper-
<br /> ny intereata or vding righta dudng the period thfa Deed oi Trust remai�s e Iten on the propeRy.
<br /> 12.R�rt�dMs;Acc�Nratlon Upon Mhult.in the evant of eny Event of Default Lender may,without notloe exoept aa requkai
<br /> by law,dedaro eH Indebtedness secured heroby to be due end payable and tha aame shall thereupon become due end payable wNh-
<br /> out eny preaentment, demand,protest or notks of any kind.Therealter Lender ma�r
<br /> (e)bemand Ihat Truatee exercfse tlse POWER OF SALE pran0ed heneln,and Trustee ahaM MereeRer cause Tntator's i�er-
<br /> est In the Prope�ty to be sold etKi fhe proceeds to be diaUtbuted,eH in ths manner provided In the Nebraeka 7ruat Deeda Ac�
<br /> (b) Exercise any and all riphts provided tor in any of ths l.oen I�strumenb or by lew up�n occurrence ot any Event oi
<br /> __.______.= Defauk:and
<br /> (c)Commence an ection to foreclose this Deed oi Trust as a mortgeye,appoint e►reoeiver,or apeciticuily enforoe uny of the
<br /> covenants hereot.
<br /> No remedy here(n confared upon or reserved to Trustee or Lender Is intended to be exclusive of eny other remecty herein,in the Loan
<br /> InsVumenta or by law provided or permltted,but each aheil be cumulative,�shall be In edditlon to every other remady phren Mreunder,
<br /> �n the Loan inatruments or now or hereafter exisdnp et law or in equlty or by atetute,end mey be exerctsod ooncumenUy,k�dependently
<br /> - ------ .,..r�...�..
<br /> �� . ,.
<br /> - -- -- 13.TrustN.The Trustee may resign et eny Ume wflhout cause,end Lender may et eny tlme and witlwut cause appotnt a wc-
<br /> �__�-_- c�essor o�aubsNtute TNStee.Truatee shall not be Ilable to eny pady,indudinp withaut Hmitation Lender,Bonnwer,Truator or any pur-
<br /> _ �� chaser of the Property,for any loss or damage unlesa due to rociclesa orwflHui misconduct,end ehall not be required to take any ectlon
<br /> .�;,w�.;,,� (n connection with the enf¢xcement of this Deed oi Trust un{eas indemnified,tn writlng,for all cost�s,compansatlon or expensea whlch
<br /> --- _m°:�,�� may be assoclated therewith.ln edditlon,Trustee may become a purchaser at any sale oi the Property Qudiclal ot under the power of
<br /> ----�`=--� sale grented heroin); post�wne the aete of all or eny portlon of the Prc�perty.ss provided by I�w;or aeA the Property es a vrlwle.or in
<br /> "'°�' ;:;;�;� separate paroeis or iots et TNStee's discreUon.
<br /> •�:�3:��„ 14.FNS�nd Exp�nses.In the event Trustee seits the Property by exercise of power ot sale,Trustee shall be entitled to apply
<br /> 4' en sete s flrst lo ent of eU costs and expenses oi exerctst power oi sele.Indudi sll Truatea's fees,and Lender's and
<br /> ...,:i'�".- Y Pra',eed PaYm �9 �9
<br /> ��_;�. � Trustee's atDomey's fees, actuslly incurred to extent pertnitted by epp�lksble law.In the eve�t Borrower or TniaEor exeodaea any dph4
<br /> �.�,;,; provkled by law to cu re a�Event ot Default,Lender shall be enUtled to recover irom Trustor all oosts end expenses actually incurred as
<br /> ��^�f-�� a result oi Trustors defeult,Including wtthout IlmMetlon all Truatee'e and ettomey's tees,to the extent pemdtted by eppilcable law.
<br /> -� 1 b.Futun Adr�nc�s.Upon request oi&xrower,Lender may,at its opUon,make additional and future adirances and road-
<br /> _ r�r��; vanoes ro Borrower.Such advances and readvances,with Interest U�ereon, shall be aecured by this Oeed of Trust.At no tlme shaN the
<br /> s,
<br />
|