|
lr-'ra� � . - . 'r.�1b+.r� ��.'jbt�.'r�1:k11+'1
<br /> ��.-� � - � '�.•rr�vN.rw•:�.�Fr':rr:li�.:uau. . .
<br /> . n .. - •-__.
<br /> .ee._�%�...___ _. .
<br /> ... ':{7ia:1��.��7::i{'.:,f�:. �� � _ .. . :�f�� ' �a��.
<br /> ; -_- , _
<br /> ._. _. -�•�w5�.1.16_.aD..::SS.._._"__'.—______ "" ._.. .,.. _._
<br /> -' l�t...� ____...
<br /> _.��
<br /> " -_.-_-...
<br /> `proceeds')in connectiori with condemnatlon or othar tekinp of tha Property or part thereof,or for conveyance In Iieu of condemnelbn.
<br /> Lender shall be entitled at Ita opUan to commence,appear In and prosecute In Ita own name any ectlon or proceedinge,end ehaH alae
<br /> be entitlad W make bny compromise or settlement In connectlon with such taking or damage.In the event any port!on ot the Property is
<br /> so taKen or damaged,Lertder shall have the option in Ite aole and ebsotute dfscretlon,to epply eH such proceeda, efter deductiny
<br /> theretrom all wste and expenses Incurred by it in connecdon with euch Proceed$,uryon eny Indebtedness aecured hareby and In euch
<br /> adAr es Lender may determine,or to epply all suct►Procesds,efter such deducdons,to lhe restaretfon of the Property upon euch con-
<br /> ditiane as Lender mby determine.Any appllcadon of Proceeds to Indebtednesa ehell not extend or pastpone tho due date oi eny pey- _
<br /> ments under tha Note,or cure an�defeult therounder or heraundor.My unapplied funds shall be paid to T�ustor. �
<br /> 8. P�rformanc�by Lsed�r. Upon the occurcence of an Event of C]afeult hereunder,or If any act Is taken or legal proceeding
<br /> cpmmenced which mate�lally aKeote Lender's intereat In the Property,Lender mey in its own d(screHon,but without obil�aiton to do so, ; �
<br /> end without notice to or demend upon Trustor end without releasing TNStor from eny obligation,do any act which Trustor has agreed
<br /> but falled to do end mey also do eny other ect It deems necassary to protect the security hereot. Truator shell, immediately upon
<br /> demand theretor by Lender,pay to Lender ell costa and expenses incurred and sums expended by L.ender in connection wfth the exer- �,
<br /> cise by Lender.ot lhe foregoing rights,together with intereat thereon at the dafault rate provided in the Note,which ahell ba edded to O
<br /> the tadebtedneas secured hereby.Lender ahail not Incur eny Ilabllity because of anything it mey do or omft to do hereunder.
<br /> 9. Hwrdoua Metsrlals,Trustor ahall keep lhe Property in compllance wlih sll appltcable laws,ordinences and repulations �
<br /> relaUng t�induatdal hyglene or environrt�ental protectton(collectively referred to herein es'Environmental Laws�.7rustor shell keep �
<br /> the Property free from ali substence�deemed to be hazerdous or toxia under any Environmentel Laws(collectively referred to herefn v
<br /> as"Hazardous Materiais").Trustor hereby wenants and represents to Lender that there ere no Heze�dg end a tentsgand an a ew�ces- \
<br /> PropeAy.Trustor hereby aprees to Indemnify and hold harmlese Lender,its directors,officere,employ 9 Y
<br /> use,dlapoa/or Vansport oi any Ha srdoua Matedelslon,lunderairom or'about the PropertysTHE FOR GOINGbWARRANTIES AND
<br /> REPRE8ENTATIONS,AND TRUSTOR'S OBLIGATIONS PURSUANT TO THE FOREOOING INDEMNITY, SHALL SURVIVE
<br /> RECONVEYANCE OF THIS D�ED OF TRUST. —
<br /> 10.Assipnm�nt o1 R�nts. Trustor hereby ea�ipns to Lender,and prants l.ender a secudty Interest In, ell present,futuro and
<br /> nfter ads:ng rente,issues and proflts of the PropeAy;provided thet Trustor shali,untii the occurrence oi an Event of Defeult,hereunder,
<br /> hava the rlght to collect end retaln such rents,fssues and proflGs es they become due and payable.Upon the occurrence ot en Event of
<br /> qefault, Lender may,either in person or by egent,with or without bringing any action or proceeding,or by a receiver appolnted by a
<br /> cou�t and without regarci to the adequacy of its security,enter upon and teke possession of the Property,or any part thereot,in its own
<br /> name or in the name of the Trustee,and do any acts whlch it deema necessary or deslreble to preserve the value,marlceWbllity or
<br /> rentabli(ty ot the Property,or eny part thereoi or interest therein,or to increase the income therefrom or protect the security hereot and,
<br /> wtth or without taking possesslon oi the Property,sue for or otherwise coilect the rents,issuas end proflts thereof,InGuding those past
<br /> due and unpaid,by nodtying tenants to meke paymenta to Lender.Lender may apply rents,issues end profits,less costs and expens-
<br /> es ot operetbn and collection including attomey's tees,to any indebtedneas secured hereby,ail in such order ea Lander may deter- .
<br /> mine.The antaring upon and teking poasession oi the Property,the collecGon of euch rents,Issues and proflts,and the application
<br /> i��ar�.oi as atars^�!d sha!!aai curs or Wel�e anY dwta�,lt or notice ot default hereunder or Invelidate eny ect done In�����
<br /> default or pursuant to such notice of defeult and, notwithatending the continuance In possessbn of the properly
<br /> recetpt end appllcation of rents,issuea a pn�fits,T►ustee and Lender shai�be entided to exerctse every rtght provided for In any of the
<br /> : Loan Inatruments or by law upon accuRence oi eny Event of Defau�,including without IlmltaUon the ripht to exerGse the power of sale.
<br /> Further,Lender's righta and remedies under thts paregraph ehail be cumuletive with,and in no way a Ilmitation on,Lendera Hghts end
<br /> remedlea under any esalpnment ot{easee and renta recorded egainst the Propetty.Lender,Trustee and the recafver el►all be Ilabb b
<br /> eccount only for those rente actualty recelved.
<br /> 11.Ev�Ms of D�fault.The following shail consUtute en Event ot Detault under this Deed of Trust:
<br /> (a)Feilure to pay any Instellment of p►inctpai or Interest or any other sum secured hereby when due;
<br /> (b)A breach ot or detauit under any proviston contelned in the Note,this Deed of Tnist,any of the Loan InsWments,or eny
<br /> other Ilen or encumbrence upon the PropeRy;
<br /> (a)A writ of execuUon or ettechment or ony simllar procesa shall be ontered agefnst Tn�stor which shall become a Ilen on
<br /> the Property or eny portton thereot or interest therein;
<br /> (d)There shali be fllad by or ageinst Truata•or Bortower en acUon under eny present or tuture tederal,stete or other etatute,
<br /> law or ropulatbn rolaNnp to bankruptcy,fn�olv�nay or othsr re�iei 4or dsbtoro;or there shall be appotnted any trustee,receiver or
<br /> Iiquidator ai Trustor or Borrower or ot eIi or eny paR of the Property,or the rents,issues or proflts theroof,or 7ru�tor or Barower
<br /> shell moke any general asafgnment for the beneflt ot creditors;
<br /> (e)The eale,trenster, leaae,assignment,oorneyanc� or further encumbrence ot ell or any part of or eny intereat In the
<br /> property,elther volunta�ily or fnvoluntarily,without the expreas w�itten conaent oi Lender;provided thet Truator shell be parmR-
<br /> ted to execute e lease ot the Properry that does not contsin an opUon to purchase end thA tertn of whtch does not exceed one
<br /> year,
<br /> (fl Abandonment of the PropArly;or
<br /> (g) Ii Trustor is not en tndividual,the issuance,sele,transfer,esslgnment,conveyance or encumb►ance of more than(H a
<br /> corporatbn)a totel of percent of its issued and outstanding stxk,or(if a partnership)e totel oi per-
<br /> cent of partnership interests,or(It e Iimited Ilebllity company)a totel oi percent ot the Iimfted llability compa-
<br /> ny IMerests or vot(ng rights during the period this Deed of Trust remafns a lien on the property.
<br /> 12.R�rn�di�s;Accd�►atton Upon D�fiuR.ln the event ot any Event of Oefauit Lender may,without notice except as required
<br /> by taw,dectare all Indebtedness secured hereby to be due end payable and the same shell thereupon become due and payable wlth-
<br /> out any presentment,demand,protest or nottce ot any kind.Thereafter Lender may:
<br /> (a)Demand that Trustee exe�clae the POWER OF SALE granted herein,and Trustee shall thareafter cause 7rustor's Inter-
<br /> est in the Propertyr to be sold r�nd the proceeds to be distributed,ell In the manner provlded fn the Nebraske 7�ust Deeds Act;
<br /> (b) Exercise any and ail rights provlded tor tn any of the Loan Instruments or by law upon occuRence of any Event of
<br /> Default;and
<br /> = (c)Commenoa en actton to foreciose thta Deed of 7rust as a mortgege,appoint a recelver,or speciflcaliy enforcs any of the
<br />—. covenants hereoi.
<br />-- No remedy herein conferced upon or reserved to Trustee or Lender Is intended to be exclusive of any other remedy herefn,in the Loan
<br /> = Instruments or by law provided or permitted,but each shall be cumutative,shail be In addltlon to every other remedy g(ven hereunder,
<br /> in the Loan Instruments or now or hereafter exiaHng at law or In equiry ar by statute,end may be exercised concurrently,tndependenUy
<br /> = Of SUCC8S�V8�Sl. _,..i�_..,�,,,,�,,,..,� e,�,�1 aniinr mou at nn�tlmn A11d WItF10LLt CSIlS9 9DDOIII�8 SIIC-
<br /> — 13.TflliLef. I(79 1 N9I69 tTIO�/Iti�tyit ai att u�nv o.u�v...w..o...............--....-�_.-v -..._ _. .
<br /> � cosaor or aubstitute Trustee.l'rustee shell not be t�eble to any paAy,Includfng without Ilmitation Lender,Bomcwer,Tnistor or any pur-
<br />-;� chaear ot Rhe PropeRy,for any losa or damage uniess due to reckless or willful misconduct,end ahall not be requlred to take eny actWn
<br />;� in connection with the enforcement of thls Deed of Trust unless indemniflod,in w�iting,tor all costs,compensation or expenses which
<br /> °� may be essociated therewith.In eddition,Trustee may bscome a purchaser at any sele oi the Property(Judiclal or under the power of
<br /> sale granted herein);postpone tho sale of atl or any po�lon ot the Properly►,as provideci by lew;or seli the Property as a whole,or in
<br /> '�n soparate parcels or lots et Trustee's discreNon.
<br /> .'� 14.FNS and Expens�s.In the event Trustee seils the Property by exetclso oi power oi sale,Trustee shall be entltled to epply
<br /> — sny sele proceeds flrst to payment of ell costs and expenses of exercising power oi sale,Including eli Trustee's fees,end Lender's and
<br /> Trustee's ettomey'o foea, ectually Incurred to extent pertnittecl by applicable law.In the event Borrower or Trustnr exerolses any dght
<br /> provided by law to cure an Event of Qefeult,Lendor ehail be entitied to recovor from Trustor all costs end expenses actualiy Incumed es
<br /> • a rosult of Tnrstor's defeult,Inctuding without Iimitatton ali Trusteo's and attomey's fees,to the extent permifted by epplicable law.
<br /> 16. Futun Adv�nc�s.Upon request ot Borrower, Lsnde►mey,at its option,make additional end future advences and read-
<br /> vances to Borrower,Such advancos and readvances,wilh interest thereon,ehell be secured by this Deed of Trust.At no time shall the
<br /> _. . . .. . -:.1i�3•.,...rev,..:_,...�y...,�•,�.....�ia.w:aw.rs�aiv_. ..�w: _ --:-, _..._..-.__,_-- ------__� ..
<br />
|