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<br />.°s� 'Proceeds')In connectlon with condemnalion or ather teking oi the Property or paR thereof.or for conveyersce in Ileu of condemnation.
<br /> ��� Lender ahell be onNtk�d et Its option to commence,eppeer In and prosecute in ite own name any actlon or procaed�ngs,and shali also
<br /> �y� be entitled to make nny compromise w settlement In connecUon with such teking or damage.In lhe avent eny poRlon of the Properly Is�
<br />_.�;�,is so takcn or damaged, Lender ehall have lhe optlon In Its sola and ebsolute discretion,to nppty all such proceeds, after deduct(ng„�
<br /> lherefrom all oosta end expenaes Incurced by it in aonnectlon with euch Proceeda,upon any Indebtednesa secured heraby end In such
<br /> °_:"� order aa Lender may dAtermine,or to apply afl euch Proceeds,eRer euch deductlona,W the reatoratlon ot the PropeAy upon such caon- 1
<br /> ditbns aa Lender me y detennlne.Any epplicetlon ot Proceeds to indebtedness ahall nat exlend or postpono the due date of an�pay- �
<br /> menta under lhe Note,or cure any default thareunder o�hereunder.My unepplled tunds ehell be pai d to Trus tor. �
<br /> � 8.P��iormanc�by Ltnd�r.Upon lhe occurrence oi en Event ot Deteult hereunder,or Ii any act Is teken or lepal proceedinp
<br /> commonced whlch mAterielly atfects Lendera Interest In the Properly,Lender may In Its own dlscreUon,but without obiigation to do so, � r
<br /> � end without notice ro or demand u{wn Truator end without robaning Truator trom e�y obligatlon,do any ect whlch Trustor has agraed
<br />-� but tailed to do and mey elso do eny other act It deems neceasery to protect the secur(ry hereot. Truator shall, Immediately upon �
<br /> demend lhere(or by Lender,pay to Lender ell coste end expenses Incurred and sums expended by Lender In connectbn with the exer-
<br />� cise by Lender oi the forepoinp riyhta,together with Uterest thereon at the defeult rete provided in the Nnte,which shail be added ta
<br /> the indebtedness securea heroby.l.ender shall not Incur eny Yability bacause of anythlnp It may do or omit to do hereunder.
<br /> i:'�' 9. Hazardous Mat�H�ls.Trustor shall keep the Property in compllance wlth ell eppliceble laws,oMinances and rogulation�
<br />":t;�+� relapnp to tndustrial hypierw or envtronmental protection(coNecthrely referred to hereln es'Environmentel Laws').Truator shall keep
<br /> ��' the Properly iroe irom all substances deemed ta be hazardas or tox�under eny Environmental Laws(oollecGvely referred to heroi�
<br /> o�•"` as'Hazsrdow Materials').Trustor hereby warranta and represents to Le�der thet there are no Hezerdous Materials on a under the
<br /> ��:�.� Pmperly.Tnistor hereby egrees to Indemnify and hold harmless Lender,its directors,offlcers,empbyaes and egents,end any aucces-
<br /> ��� sors to Ler�ders Interost,irom and against any end ail claims, damages,iosses and IiabiUUes arising I�connectbn with the presence,
<br /> --�_-� use,disposal or transpon ot any Hezerdous Metedals on, under,from or about the Properly.THE FORE(301NG WARRANTIES AND
<br />- � REPRESENTATIONS, ANO TRUSTOR'S OBUGATIONS PURSUANT TO THE FOREGQING INDEMNITY, SHALL SURVIV�
<br /> �:a�� RECONVEYANCE OF THIS OEED QF TRUST.
<br /> „�;;,=.s 10.Assipnm�nt of R�nts.Trustor hereby assipns to Lender,and prenrs Lender a sncurity ir�tareet In,all prasent,futare and
<br /> - atter arising renb,issuas end profits of the Propedy►:provided that Trustor shall,untii the occurtence ot an Event of Def�uft,hereunder,
<br />-,��'� have tfie right to coilect end retatn such rents,Issues end profits as they become due and payabla.Upon the occurrence of an Event oi
<br /> -- qefauft,Lender may,either in person or by agent,with or without brfnging any action or proceeding,or by a receiver eppolnted by e
<br /> � oouR and widwut regard to the adequeay of ita secu�ity,enter upon and take possesslon ot the Property,or any part thereot,ln(ta own
<br /> ?�j name or in the name ot the Trustee,and do eny acts which it deems necessary ar desirable to preserve the value,marketebiifty or
<br />-�� rentabi8ty ot the Property,or any paR thereof or interest theroin.or to increase the income therafrom or protect the security hereof e�d,
<br /> wNh or witl�out taking posaessfon oi the Properly,sue for or othervvise colleat the rents,issues and profitts thereof.t�dudin9 lhosa Past
<br /> r� de�e and unpa{d,by notifying tenants to make paymenb to Lender.Lender may apply rents,issues and proftta,lese oosb and expena-
<br /> `�~� es of operetton and cnllection includ(ng attomey'a fees,to any Indebtedneas secured henaby.aii in such order es Lender may deter-
<br /> . mk�e.The entering upon and taking posaession of the Property,the coliection of such rentu,issues and protfta,and tfie appik�t(�on
<br /> thereof as aforesaid shall not curo or waive any default or notice ot defauit hereunder or invelfdate eny act da�e fn response to auch
<br /> � deteutt w purauant to sucn nutiui�i dsfauii and, naf:rlttosl�sK!lttg the cxsilssssasscs in�^ss^st�i^n�i thw nro�rty or the collection.
<br /> - rooefpt and appllcatbn d rents,Issues or proflts,Trustee+and Lender ahall be entlUed to exerdse every r{ght provided fa in any ot tha
<br /> — Loan Instrumenb or by law upon occurrence oi any Event of Default,Induding wtthout Iimitatbn!he right to exerc{se the power of eab.
<br /> Further,Lende�s righte and romedies under this psragraph ehalt be cumulative with,end in no way a Iimitetion on,Lenders hghts and
<br /> remedie!►under eny essipnment ot{eaaea and rents reoorded agalnst the Property.Lender,Trustee and the receiver aheH be Ilabb to
<br /> aocount onFy 6or those re+�b actually rec;elved.
<br /> - 11.Ewr�ts of D�huk.The foliowing shail constltute an Event of Deteuft under thia Oeed of Trust:
<br /> (a)FaNuro W pay eny inate�lment of principal or(nterest or any othet sum secured hereby when due;
<br /> (b)A breach d or default under any provisbn oontained In the Note,this Deed of Tn�st,eny of the Loan Insburients,or any
<br /> - �— other Ilen a encumbrance upon the PropeAy;
<br /> — (c)A wdt oi execution or attachment or any similar process shall be entered agaUat Trustor which shall become a Nen on
<br /> �e propeny a any portion thereoi or interest therein;
<br /> (d)There shail be filed by or ogainst TNStor or Borrower an ection under eny present ortuture fede►al,state or other atatute,
<br /> lav►,or roguladon rolattnp to bankruptcy,inwlvency or other rolbf for debtors:or thsn shatl bs appotntsd any truste�.roc�iver or
<br /> liquidator of Truator or Barower or aY eli or eny pert of the Property,or the renta.iasues a profits thereof.or 7niator a 6exrowei
<br /> shall make any gener��assignment for the benefit of creditors;
<br /> (e)The sale,transter, lease,assignment,oonveyanoe or tu�ther encumbranoe ot all or any peR ot or eny N�terest in the
<br /> Properly,elther volunte�ily or involunterity,wtthout tla express w�itten consent oi Lender,provided that Trustor shall be pem�it
<br /> ted to axeaite e baae of the PropeAy thet does not oontefn en optlon to purchase and the tertn oi which tbes not exceed one
<br /> year,
<br /> (�/�bandonment of the Property;or
<br /> (g)If Trustor la rat an individual,the Issuance,eale,trans(e�,asaignment,conveyance or encumbrenoe ol more lhan(H e
<br /> c�or�xxation)a totel of percent ot its issued end outstending stocit,or Qf a pertnership)a total W per-
<br /> cent ot partnership Interests,or(ff e Iimtted Iiability oompany)a totel of percent ot the Nmitad Iiadlity oon�a-
<br /> �y Intenests or voUng dghts during the perfod thia Deed oi Trust remains a Ilen on the propertyr.
<br /> ---- 12.R�m�dNs;Acc�Mntton Upon O�fault.In the event ot eny Event oi Default Lender may,without notke except as requirod
<br />�== by lew,dedare sll indebtedness seoured hereby to Ibe due end payable and the same ehalt thereupon becart►e due eM payabie with-
<br />� — out any presentment,demand,protest or notioe of any kind,ThereaRer Lender may:
<br /> — (a)Demand that Trustee exerdae the POWER OF 3ALE granted herein,and Trustee shall theroa!!er cauae Trustor's inter-
<br /> --- est tn the PropeAy to be sold and the proceeds to be disUibuted,all In the menner provlded In the Nebraaks Trust Deeds Ac.t�;
<br />�;'�,.� (b) Exercise any end all rights provided for in eny of the Loan InsWments or by law upon occurrence of eny Event of
<br />•�;�,� DefBUft;end
<br /> ` (c)Commence an actton to foreGose thia Deed of Trust as e mortgage.eppolnt a rocelver,or spedtically enfa�ce a�y d the
<br />"�'�"� oovenants hereof.
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<br />::-L`L'�'� No remedy hereln conferred upon or reserved to Tnistee or Lender is intended to be exctustve of any other remedy herein,in the Loan
<br />:_;�� Instn�ments or by law provided or pertnitted,but each shall be cumulative,ahaA bd In edd{tion to every other rerrnidy ghren hereunder,
<br /> �•�� In the Loan Instruments or now or hereatter ex(stlng at taw a in equity or by stetute,end may be exercised ooncuRendy,I�depentle�dy
<br /> or succestvely.
<br />' �.���t� 13.TrustN.The Tnistee may resign at eny tlme wGhout cause,and Lender may at eny ttme and w(thaut cause appotnt e sua
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<br /> ,,;�,•: • cessor or SubsUtute Truatee.TNSt90 311811 rW[OE I18DI0 Lo anY party,inciuvinp wiv�i�ui mian6inw��oi�,v�a�vRO+. ����M M a•s w-
<br /> chaser of the PropeRy,for any loas or damage unless due to redciess or wliltul misconduot,and shall not be requlred to take any actbn
<br />��� in connectbn with the enbrcement of this Deed oi Trust uniess indemnftied,in wriUng,for a!I oosb,oompensatton or expenses�
<br /> � .� may be associated therewith.In addlt(on,Trustee may beoome e purchaser at any sale o�the Propetry(�udicial or untler fhe power of
<br /> sale granted herein);postpane tha sale of all or any portion oi the Property,as provkled by law;or sell the Property as a wtwle,or fn
<br /> separete paroels or lots at T�ustoe's discreUon.
<br /> 14.Fws and Exp�ns�s.In the event Trustee sells the Property by exercise ot power of aaie,Trostee shall be entitled to appy
<br /> any safe proceeds flrst W payment ot all oosts and expenses of exerdsl�g power oi sale.Includinp all Trustee'e fees,and Lender'e�nd
<br /> Trustee's attomey's fees, actually tncurced to extent pem�iltod by epplicable law.In the event Borrower or Trustor exerdsea any ripht
<br /> ' provided by law to cure an Event ot Detault,Lende�shall be entiNc�d to�ecover from Tnistor all oosts end expensea ectually IncuRed as
<br /> , b result of Trustor's detaul�InGuding without IimiWUon all Tn►stee's and attomey's fees,to the extent permitted by applicable Iaw.
<br /> 75.Futun Advmc�s.Upon request ot Borrower,Lendet may,at iW uptlon, make additional and futuro edvanoes end road-
<br /> vanoes to Bo�mwer.Such advances and readvances,with Interost thereon,shatl be secured by this Deed oi Truat.At no timo ahaq the
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