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<br /> "Proceeds')In connectbn wNh condemnatlon or other taking of the Property or part thereoi,or for convayTgn�e In IleioTccSnae�m7n�lon.
<br /> ''�` Lender sholl be entitied at Ils Aptlon to commence,appear In end prosecute in Its own namo eny eclion or proceedings,and ahall elso _
<br /> � 5�#' be entitled to make any compromise or settlement In connectlon wiN such teking or damage.In tho avent any poRlon oi the Property Is _�.-
<br /> ;M • so t�ken or damaged,Lender ahall have the optlon In its sale and absotute discretlon, to epply nll such proceeds, efter deducltng
<br /> ' �� therefrom ell costs and expense�incurrod by It In connectlon with euch Proceeds,upon any indebtedness secured hereby and In�uch
<br /> order es Lender may determine,or to epply all such Proceed�,aftersuch deductlons,to the restoretlon of the Property upon auch con- �
<br /> •� `� • dltfons as Lender may detem�ine.Any eppi�ation of Proceeds to Indebtedneas shail not extend or postpone the due dete of any pay-
<br /> ments under the Note,or ara eny defeuit thereunder ar herounder.Any unapplied funds shall be paid to Trustor. _
<br /> � . B.Pertormanco by londor. Upon the occurronce�f en F_vent oi Default herounder,or if any act Is tnken or legal proceeding �,._
<br /> commenced which maleria0y aflects Lenders Interest In the PropeAy, Lender may In Its own discretlon,but without obligaUon to do so,
<br /> '"�� �� and wlthout notice to or demand upon Trustor and without reieastng Truator from any obligation,do any act which Trustor has agreed
<br /> but failed to do and may dso do any other act it deems necessery to protect the securfty hereof. Trustor shall,Immediately upon _
<br />--- '_ -�..-. demend therefor by Lender,pay to Lender all costa and expenses NcuRed and sums expended by Lender in connecdon with the exer-
<br /> cise by Lender of the foregoing righb,together with interest thereon at the default rate provided In the Note,which shail be edded to
<br /> T '�'� the indebtedness secured hereby. Lender shall not incur any 0abfiiry because of anything it may do or omit to do hereunder.
<br /> 9. Hazsrdous Metxlats.Trustor shall kaeN the Praperty In compliance with ail applicable laws,ordinances and regulations
<br /> � relating to industrlal hygiene or environmental protactfon(collectively rete►red to herain as"Envlronmentel Laws").Trustor shali keep
<br /> � the Properiy free fram ali substances deemed to be hazardous or toxlc under any Environmental Laws(collectively referred ta herein
<br /> _4. �, •� as'Hazardous Materials").Trustor hereby wartants and represenla to Lender that there are no Hazardous Materiais on or under the
<br />- �;�� '� Property.Trustor hereby agrees to indemnify and hoW hatmtass Lender,Its directors,officers,emptoyeea and agents,and any succes-
<br /> �..,,
<br /> •' "rr��� sors ta Lenders intereat,irom and against any and ail claims,damages,lossea and Ilabllides aris(�g In connection with the presence,
<br /> Y�:n.
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<br /> _;��a;?;;;..::, ; use,dispo,aat or Vansport of any Hezardous Materfals on,unde�,from or about the Property.THE FORHGOING WARRANTIE&AND
<br /> T���".�,,,-� ; REPRE8ENTATIONS, AND TRIJSTOR'S OBLIGA7IQNS PURSUANT TO THE FOREQOING INO�MNITY,SHALL SURVIVE _
<br />-, ,`,L`�`'�'"''�" ° RECONVEYANCE OF THIS DEEO OF TRUST.
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<br />-'_`?��'�•:,;'. 10.Assipnm�nt dR�nts.Trustor hereby assigna to Le►�der. and flrents Lender a security interost In,all present,future and
<br /> efter arising rents,Issues and proflts of the Propertyr;provided thatTrustor shell,until the occurrence oi an Event of Default,hereunder,
<br /> `. `' `' have the right to collect and reteln such rents,issues end proTits as they become due and payabte.Upon the occurrence of en Event of
<br /> �i,l�f
<br /> ;��°t•�, qefault,Lender may,eiit�er in person or by agent,wlth or wlthoul bHnping eny ection or proceeding,or by a recelver eppolnted by a
<br />`��-'_`�',>�; court and without regard to the edequacy oi Its setudry,enter upon and take possesalon of the Property,or any part thoreoi,in It� own
<br /> �^#� name or In the name af Ihe Tmstoe,end do eny acte which It deems neceasary or deelrable to proeerve t h e valus, mark�tebllf ty nr
<br />---�r rantebllity of the Property,or any part thereoi or I�terost theroln, orto Increese the Income therefrom or protect lhe�ecu�ily Mreo/and,
<br /> _==.�� with or without faking poabsabn ot the Prnperty,aue tor or otherwlso collect the rent�,Issuea and proflte thereof,Includinp thoee p�et
<br /> -�''f�'*�� due and unpald,by noNTyNg tenante to make peymente to Lender.Lender mey epply ronts,leauea end proflte,less eosta orb expena-
<br /> :ri� ea oi operetbn end colledl0n hcluding ettomey'e feea,to eny indebtednea�secured heroby,nll in auch order ae Lender may deter-
<br /> --- mine.The ente�lnp upon end teking poaaeaslon oi the P�operty�1he collectlon ot such rents, latuee and proflts,end the eppllcallon
<br /> �n�� thereof es etorese�d ehaN not curo or waive eny deleuic or nafice oi dnfnuii i�eieu�itfar 3r InvaBdata anY�c!das�!rs s�.:p�n��s�x'�t►
<br /> ----�""�'�' detault or pu�suant to such notice oi detault and, notwlthstendlnp the cantinuance In poaaesabn ot the propeRy or the collectlon,
<br /> ""— recelpt end eppllcatfon oirente,issues or proftts,Trustee end Lender ahali ba entfded to exercfae every ripht provlded for In a�y oi the
<br /> -- Loan Instruments or by iaw upon occurrence of any Event oi Detault, Including without Ilmltation the rlght to exercfae the power oi sele.
<br /> Furthe►,Lenders rights end remedies under this paregreph shalt he cumuladve with,end In no way a Iimitatlon on,Lenders�ights end
<br /> remedfes under eny assignment of leases and rents recorded agaNist the Property.Lender,Tnistee and the receiver shail be�lable to
<br /> account only for those reNs actually received.
<br /> 11.Evsnts of Dei+ult The foitowing shall consUtute an Event of Defeult under thta Deed of Trust:
<br /> (a)Failure to pey any installment ot prindpal or tnterestor any other sum secured hereby when due;
<br /> (b)A breach dor defauft under eny proviaion aor►tained i�the Note,this Deed of Trust,eny of tha Loan Instrumants,or any
<br /> other Ilen or encumbrance upon the PropeAy;
<br /> (c)A writ of ezecuUon or attechment or any simller process shell be entered against Truator whkh ahait becane a Iisn on
<br /> the property a anr portion thereoi or Intereat thereln;
<br /> (d)There aha�ba filed by or ageinst Trustor a Barower an action under eny prosent or WWre federal,atate or other atatute,
<br /> - law or royulation re�stin8 to bankruptcy,inedvency or other retief for debtors:or thero ahall be appointsd eny hustas,reoeiver or
<br /> �Iquidator of Trusta or Borrower or oi ell or any part of the Property,or the rents,isaues or prottb tl�ereof,or Trustor or BoRawsr
<br /> shall make any geearel essignment for the benefit oi c�dNors:
<br /> (e)The sale,bansier, lease,assignment, oonveyence or turiher encumbrence of ell or eny paR of or any Interest�irt fhe
<br /> property,either vduntarlly a involunterity,without the express wrilten consent ot Lender,provided that T�ustor ahall be pem�k-
<br /> ted to execute e kase of the Property thet doea not conteln an optlon to purchase and the tertn of which does not exceed w�e
<br /> year,
<br /> (�qbendonment ot the Property;or
<br /> (g)It Truator b not en Individual,tho Iasuar�ce.eale,Vansfer,esaignment,conveyanoe or encumbrance oi more than(H a
<br /> corporaqon)e to�l ot percent oi ka issued end outstending stxk,or(H a partnership)a totai ot per-
<br /> oant of pertnersh�p interesta,or(if a Ilmited liabiilty company)a total ot percent of the Iimited Ilability compa�
<br /> ny interests or voti�9 dAhta durinp the period thia Deed of Trust remalns a Iien on the propeRy.
<br /> -�-— �2,R�d{�; Aeo�Nratlon Upon OHau�.In the eventot any Event of Detault Lender may,wHhout nodce except es requtred
<br />� by law,dedare ell IndeNedness secured hereby to be due end payabie end the seme ahatl thereupon bewme due and payable widr
<br /> out any preaenhnent,demaanC,proteat or notice of any kind.ThereaRer Lender may:
<br /> (a)pemand that Trustee exerclae the POWER OF SAI.E granted herein,end Trustee ahell thereaRer cauae Truator'a Inter-
<br /> est In the Prope�y to be sold end the proceeds to be disGibuted,all In tha manner provtded In the Nebraaka Tn�at Deeds Act;
<br /> � (b) Exerclse eny and ali riphta provided ta in eny of tho Loan Instruments or by taw upon occurcenoe of eny Event ot
<br /> ° " ,_'� Defaul�end
<br /> ----_— (c)Comme�ce an ection to forectose thta Oeed ot Tnist es e mortgege,appolnt a receiver,or speclflcaliy enforce any of the
<br /> __--- oovenants hereol.
<br /> _= No remedy hereln confeired upon or roserved to Trustea or Lender Is intended to be exclusive of eny other remedy hereln,tn the Loen
<br /> --� Instrumenta or by law provided or permitted,but each shall be amulative,shali be in additlon to every other romedy given l�ereunder,
<br /> ����• In the Loan InsWmentsa now or hereafter existlng at law a In equity or by etetute,end mey be exercleed concurrently,k�dependently
<br /> _-_ w�n�Iu�IU
<br /> _— --' N OWWV��v�7.
<br /> -=-=�- 13.TrustN•The Tnretee may reslgn et eny tlme wlthout cause,and Lender may at any t►me end witean cause eppvi�a aw
<br /> � i r s� cessor or eubstltuta Trustae.Trustee sh�Il not be Itable to any party,I�cluding without Ilmltatlon Lender,Borrower,Tivalor or eny pyr-
<br /> -'`:";='�°��• chaser of the Properly.�a any loss or damege unleas due to rc�cklesa or wllNul misconduct,and shell not be roqulred to teke any actlon •
<br /> �`r�'�'� �: In connecNon with the entoroement of thls Deed of Trust unless k►demnlfled,in wrltlrp,fov aIl wsts,oompeneaUon or expenaes whk;h
<br /> :,`���,r;'�,'
<br /> °,�:;ti;.,.�;;�, may be ansoclated therewifh.In eddiUon,TNStee may become a purch�ser at eny aele ot the Properly(judldal or under the power ot
<br /> ;,,�u,.���; �; sale granted herefn);postpone the sale of alt or any portlon of tlie Propeiiy,aa provlded by law;ar sell the Properly as e whole,or In
<br /> ,�;:;,�r,a,�y� separate parcels orlotset Trustee's dlscreUon.
<br /> v`;.,:., �._�;t 14.Fe�s and Expent�s.In the event T�ustee sells the Property by exerGse of power of sale,Trustee shall be entlded to apply
<br /> - `���k�+'°''� any sale proceeds ftrst to payment of all costs end expenses of exerolstng power M sale,IncludlnQ all Trustee's fees,and Lender's and
<br /> V,�-`''`�� "�';�; Trustee's attomey's fees, actually lncurred to extent permltted by appUcab�e Iaw.In the event Borrowor or Trustor exerclses any rlpht
<br /> ��;.w:�?;�''•; :, provided by law to cureen Event of Defeult,Lender shell be entitled to recoverfrom Trustor all costs and expenses actualy tncurred es
<br /> ''� ""'"� � a result nf Trustor's defeult,Including without Ilmltat{on atl Trustee's and attomey'a fees,to the extent permltted by appllcable Iaw.
<br /> • '`��"•�'�� �"I' 1b.Futun Adv�nca. Upon request of Borrower,Lender may,at Its optbn,make addltlonal and future advanoes and read-
<br /> _.,,����r4✓.�
<br /> vancea to Borrower,Such advences and readvances,with Interost thereon,shall ba secured by thla Deed oi Tniat.At no tlme shall the
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