|
�� . ;^�'����'a _ _
<br /> , � ;;w.t�.�#�ec�aal,,,.;.R._.:�� _'r,T �;.�;.�::�--_
<br /> ,.�..,�..�„„�..- - � - --__--_-- ----- • —
<br /> ._,� - -
<br /> •Proceede")in connecti'on wtth condamn�tlon ar other tekin�of the Property or part thereoi, or for conveyance In Ueu of condemnetlon.
<br /> Lendar sha11 bE+entitled et Its option to commence,eppear Irt end prosecute In tca own e�ame any ection or proceed►nga,end eheN elao
<br /> be�enUtfed to make any compromise or settlement In connecNon with such teking or damege.In the event any portlon oi tha PropeAy is
<br /> so taken or deroaged, Lender ahall have the opUon In itt sole and absolute diaaetbn,to apply aii euch proc�eds, erier ded��ting
<br /> theretrom all costs end expenses Incurred by It In connectbn with euch Proceeda,upan eny Indebted�ess aecured hereby and In such _
<br /> order aa Lender may determine,or to epply atl such Proal6d�,after auch deducUona,to the rest4ratbn of the P�operty upon auch con-
<br /> dltk+ns aa Lender mey determine.Any epplkation oi Proceeds to Indebtedness shail not extend ar postpone the due dete o/eny pay-
<br /> ments under the Note,or cure any defeult therounder or he�eunder.My unapplied funda ahell be pald to Tnistor.
<br /> 8.Performtna by I.�nd�v.Upon the occurcence oi en Event of Oefault hereundor, or(f any ect Is taken or legal proceeding �
<br /> commenced whlct� materlally aftecta Lendere Interest fn the Property,Lender may In Ita own dtscreUon,but without obllgetion to�so,�
<br /> and without naUce to or demand upon Trustor end without roleasing TNator irom eny obYgatbn,do eny ect whlch Tn.+stor haa sprsed�
<br /> but felled to do end may also cto eny othar act it deema necessary to protect the e�curity hereof. Truator ahall, Immediately upon
<br /> demand therefor by Lender,pay to Lendar atl coate end expenses incurred and�ums expended by Lender in connectian with the exer• \
<br /> clte by Lender of the toregoing rtghts,together with interest thereon at the dafault rate provided in the Note,which shall be added to Q
<br /> fhe�ndebt,ednef�secured hereby.Lander shall not Incur eny Ilability because of enything it may do or omEt to da hereunder. •�
<br /> 9.Hwrdou� IMabdals. 7rustor eheN keep the Properly In compllance with ell applicable lawa, ordinances and regula�ns 0
<br /> relaGng to IndusGial hygiene or environmentel protection(collecthrely rofeRed to heroin as'Environmental Laws').Trustor shaA kaep V
<br /> the Property free from all subatences daemed to be hazerdoua or toxic under any Environmentel Lews(collectively referred to heretn
<br /> as'Hazerdous Meterials�.Trustor hereby warranta and represents to Lender that there e�e no Hazardoua Matertals on or under the �
<br /> Propertyr.Trustor hereby agreea to indemn(ty end hold harmlesa Lender,ita directora,otflcers,employeea and egents,and eny suxsa-
<br /> sore to Lender'e Interest,Rom and against eny end eil claims,damages,loaaea end IlabNftiea arlsfng in connecNon with the preaence�
<br /> uae,disposel ortransport ot eny Hazardoua Materials an, under,from or ebout the Property.THE FOREGOINO WARRANTIESAND
<br /> REPRESENTATIONS,ANO TRUSTOR'3 OBLIC3ATIONS PURSUANT TO THE FORH(301NG INDEMNITY, SHALL SURVIVE
<br /> RECONVEYANCE OF THIS DEED OF TRUST.
<br /> 10.ARStpnm��t of R�nb.Trustor hnraby essipns to Lendor,and prenta Lender o secudty interest in,ail pressnt. tutun and
<br /> after erisfng rents, issuas and proflts of the Property;provided that Trustor sheil,unUl ihe occurrence of en Event oi Detault, hereunder,
<br /> have the right ta collect and retain such rents,Issuea and proflts as they become due and payable.Upon the occurrence of an Event oi
<br /> qefault,Lander may, elther in peroon or by egent,wtth o�wlthout bringing eny ection or praceeding,or by e recetver appotnted by a
<br /> court and without regard to the edequecy oi ite secu�ity,enter upon and take possession of the Property,or any paR thereof,in ib own
<br /> neme or in the neme ot the Trustee, end do eny acte which it deems nocessary or deelrable to preserve the value,maricetat�ity a
<br /> rentability of the P�opertyr,or any p�rt thereof or Intereat theretn,or to Increase the Income therefrom or protect the aecurfty heredand�
<br /> wlth or wlthout teking possessbn ot the Property,eue for or otherwlse crollect the rents,Issues and proflta thereof,inc(uding thoee Past
<br /> due and unpaid,by notftying tenants to make�sayments to Lender.Lender mey appty rents,issues and profits,lesa coats and e�q�ens-
<br /> es of operatbn and coilectlon including attomey's feea,to eny tndebtedness secured hereby,eii in such arder as Lender may deter-
<br /> mine.The entering upon and teking possession of the Property,the ooliectk►n ot such rente, issuea and proflte,end the appNcation
<br /> i��in�f as at�resald shai!rsai txst:,ar x�ivs snp dsfs�!t Qr noUc�ot�efe�!I�►+prpunder or inveiidate eny ect done in responae to such
<br /> defeult or pureua�t to such notice of default end, notwithstanding the conUnuence tn possessbn of the propeRy or the colkction,
<br /> receipt and appl�aGon of renta,issues or proflts,7rustee and Lender ahall be enqHed to exerctse every�ight provided for In eny of the
<br /> Loan Instniments or by law upon occurcence of eny Event oi Defeult,including without Ilmitetion the�Ight to exerclse ttw power of sab.
<br /> Fu�ther,Lenders riphte and remedles under this Daragreph aheil be cumulative w(th,end in no way a IlmfteUon on,Lenders�ights and
<br /> remedies under any esaignment of leaaes end rents recorded egainst the Property.Lender,Tniatee and tha receiver ehall be Ikble to
<br /> account only fa those rents actually recxived.
<br /> 11.Ev�tds of D�buk.The followin�shail consqtute an Event of Default under tNs Oeed of 7rust:
<br /> (a)Failure to pay any tnsteliment oi prtnctpal or interest or any other sum secured hereby when due;
<br /> (b)A breach of or defeult under eny provtcion contalned In the Note,lhis Deed of Trus�eny of the Loan InstnxnenW,a any
<br /> other Ilen or encumbrance upon the Property;
<br /> (c)A wr�oi execution or attechment or eny simller process shali be entered against Trustor wh�h shall beoon�e a Yen an
<br /> the Prc�perty or any portion thereof or Intereat therefn;
<br /> (d)There ehall be Tiled by or agafnst Trustor or Bortovror an ection under eny present or future federal,atete a other�atuls,
<br /> I�w or rpuwUon rolaHnp to b�nkruptcy,inwlvenay or othsr relbf for dsbtors;or thero ahell be eppc►Inted any huetee,recelver or
<br /> Ilquidata oiTrustor a Borrower or ot all or eny part of the Property,or the rents,issues or proftta thereot,or Truetor or Baro�we►
<br /> shall make eny peneral essignment for the benefit of c�editors; '
<br /> (e)fie Reb, transfer,lease, asslgnmant. conveyance or turther encumbrence of aU or eny part oi or eny(nters�t In the
<br /> Property,�Ilher volunterily or Involunterlly,wtthout tho express w►itten consent oi Lender,provided that Trustor shetl be psrn�t-
<br /> ted to execute a I�ase of tha PropeRy thet doee not contofn an optlon to purchase and the term oi which does not exceed one
<br /> year,
<br /> (�Abandonment of the Property;or
<br /> (g)It Trustor fs not en tndividual,tha Issuance,aele,transier,asstgnmdnt,co�veyance or encumbrence of more ttwn (if e
<br /> caporaGon)e lotel of percant of Its tssued and outstendlnp stock,or pf e partnership)e totel of per-
<br /> cent of parinerahtp Interests,or(if a Iimited Il�bllity compeny)e totel ot percent of tho Ilmited Ilabiltty compa-
<br /> ny interests or voUng rights during the period thia Deed of Trust remafns e Ilen on the property.
<br /> 12.R�dNs;Acc�Nratlon Upon Detauk.In the event at any Event oi Detedt Lender mey,witfiout notice except es roqulred
<br /> by law,declero all Indebtedness secured hereby to be due and payabte end the same ehall theroupon beoome due and payabb with-
<br /> out eny presenUrront,demand,protest or notice of eny kind.Thereafter Lendef may:
<br /> (a)Demand thet Ttustee exerclae the POWER OF 3ALE granted herein,and Truatoe shall theteaRer cause Truatore inter-
<br /> est in tha Property to be sotd and the proceeda to be distributed,all in the rnanner provided in the Nebraska TNSt DeedeAck
<br /> (b)Exercise any and all righta provided for in any ot the Loan Instrumenta or by law upon axutrence of any Event of
<br /> Defaul�and
<br /> (c)Commence en a�Kbn to forectose this Deed oi Trust as a mortgape.appolnt a receiver,or apeciflcaily eniorce sny ot the
<br /> covenanta hereof.
<br /> No remedy herein conferced upon or reserved to Trustee or Lender is:ntended to be excluslve of any other remedy heroin,In tla Loan
<br /> Instruments or by law provided or F+erm(tted,but each shall bo cumulative,sha�be in eddition to every other remedy glvon herounda�,
<br /> In the Loan Instrumenta or now or heroafter exlating at law or in equity or by statute,and may be exerclsed concurrenty,independentiy
<br /> Of SUCC@S�V@�y. �.�_... __.,� ....a........e�e...,uma n.vl u,tflw�t�auea ar�c1e11f1te SuC�
<br /> - 73. INlSLN.ine Trus'[ea mey roayn ni uiy univ�nuwu�i.uiibo�o��u�v��..v. .��..� «.»..�.»..�_.._"'-'-_''-----��'
<br />_� cessor or suEstitule Trustee.7nistee shall not ba Ifable to any party,Includtng without Ilmltetion Lender,Borrower,TNStor or eny pur-
<br />-� cheser oi the Property,for any loss or damage unlesa due to reckiess or willtul mlaoonduct,end ehall not be requlrod to teke eny ectbn
<br />-=° In connectbn with the enforcement of this Deed oi Truat unless indemniiled, in NrdtMg,for ali casts,compensa8on or expense�which
<br /> may be essocleted therewith.I�addition,Truatee may becomo a purchaser at any sale of the Property�udicial ot under the power of
<br />=_ sale grented hereln);postpone the sale of ull or any porUon of the Properry,as provided by�aw;or sell the Propertyr es e whole. or In
<br />- separete parcels or lota at Trustae's dlacretlon.
<br />_�+ 14.Fas md Exp�ns�s.In the event Trustee selis the Property by exerclse of power of sele,Trustee shall be enNtled to apply
<br />° uny sale proceads tirot to payment af etl costs end expenses of exerGsing power of sele.Indudinp ali Trustee's fees,end LendePs end
<br /> Trustee's ettome}Is fees, actualiy Incurred to extent pemtUted by appiicable lew.In the event 8orrower or 7rustor exercisea eny right
<br /> providod by lew to cure an Event of Defeult,Lender shatl be entftled to recover irom Tmstor eil costa end vxpense�ectualty incurred es
<br /> - a result of TrostoPs default,Including wifhout Iimitetion eli Truatea's end attomey's foea,to the extent pertnitted by epplicable lew.
<br />':� 16. Futuro Advanas.Upon rnqueat ot Borrower,Londer may,et Its optbn,make addltlonal end tuturo advances and read•
<br /> ;�; vances to Borrower.Such advances and readvences,with Interest thereon,she�l be eecured by thfs Deed oi Truat.At no dme�heN lhe
<br /> •A■
<br /> �
<br /> ._.- � .... ...... . ..... ... _...S��.ii:4^.�R7.�¢fV�WYQMFiMR�"ryft/+rr4 YF�I.MtW'..M'w:�w�:i+w�—.O:'"=——_.^^�a+!�::.--�.—�� _ _xuv�rrc�.-..-___.��.__..
<br />
|