|
.
<br /> 1 . .�.rty►•'�!��!�1!r�,.��.�sFl.;rd, - - - � • __ �-F� ..�•_,
<br /> i J �1
<br /> a -- - -�-- _1_
<br /> , �
<br /> _ ,_ _ �� _
<br /> y
<br /> p g)�� '' i'.%�e�:i. ".P .r "'a�c�'CL ---- ---_
<br /> -...� �4��'. -- _
<br /> ` �--r c���b�
<br /> •r���`�In conneatipn with aMdemnaUOn a other tek fnln end�Pru�e fnf I auown �b iie any acttan or�prcc�tdinga end ehan e�so =
<br /> Lerader shall b�snUtled st ile optlon to commern�,ePP�+e PrO�
<br /> be enQNed to meke any compromlae or settl�ment In connectlon with such tekinq or demege.In the eveM eny poRlon ot the ProperiY�e
<br /> so t�ken or d�magod,t.ender ahall have Ihe optlon in Ita sale end absolute dlscretl n�en�Indebted esshsecureddherebyea d�ln auch
<br /> thsreirom all cate end expenses IncuRed by It In connectlon with auch Proceeds,upo Y u n euch con-
<br /> p►der�s Lendar mey dete,-mine,or to eppy aH euch Procsede,atter eueh deductlona,lo the restoratlon of the Property po
<br /> dlt{om s�Lender may dotermine.Any bpD��catlo�o�Pnxe°da to indebtedness shall not exlend or poatpone the due date ot eny pay-
<br /> menu undsr the Note,or curo any deiauit thereunder or horeunder.Any unapplied funds shali be paid to Trustor.
<br /> g, p�Korm�nc�by Und�r. Upon the occurronce of en Event Li��ee�ay in IW own dia'oret on,but wtth ut obli�gallo�to�do�so.
<br /> rnmmenced wh�h mate�islly af(ecta Lender's Intereat In the Property,
<br />� d�wlthou�notlr.e tq or dsmand upon Trueta and without robaaing Trustw(rorn nny oblipadon,d�any�ct whlch Trustor has egreed �
<br /> but tolled to do and may elso do any oti�sr�ct It deems nece�°°ry to protect tha necurity hereoi.Trustor shall, immediately upon
<br /> dsmand thsretor by Lender,pey to Lsnder all costs end expenssa incurrod end eums expended by Lender In connection wNh the exer-
<br /> Gse by Lender oi the forepotn�rbhb, topether w�th�ntereat theroon et the deTauft rate provided in the Note,which shell be added to
<br /> the Indebtednesa secured heroby.Lender�haN not incur any Ilabllily because of anything it may do or om�t to do hereunder.
<br /> 9.Ha�nious Mabrla{�.T�ustor�hall keap the Property fn compl�ence with a�� ePW�ceble laws,adinances and repuladons
<br /> reiatlnp to Induatriel hyfllene or envlronmental pro�ection (col�ecth+ely rotemed to heroln aa'Envlronmental Lawa�.Trustor shall keeP
<br /> the Propt►rh►tree from all aubstances deemed to ba hazardous or toxia under eny Environmantal Lews(col{ecdvely roferrod Oo herein
<br /> ss•Fiazardous Materials).Trustor Asreby w�rtenls end roprese+�b W Lsndsr that thero ero no HazaMous Mats�a�s�a u^d°r th°
<br /> Property.Truator hereby egreea to Indemnity and heid harmless Lender,its dire�tora,omoero,empbyeea end egenta,end eny succes-
<br /> soro to Lender's Interest,irom end egainat any and ell claims,demages,losses and IlebillUas�E FORE(30 NG WARRANTIE AND
<br /> use,dispoael or transpat ot eny Hezardous Matedels on,under,irom or about the Propedy.
<br /> REPRESENTATION3, ANO TRUSTOR'S OBLIGA710NS PURSUANT TO THE FOREGOINt3 INDEMNITY, SNALL SURVIVE
<br /> RECONVEYANCE OF THIS DEED OF TRUST.
<br /> �p,/lulpnrt�nt M R�nts.Trustor herotsy esalpns to Lendar,and prants Lender a eecurlty Interest tn,eli preasnt,bturo and
<br /> aiter erialnp ronts��as�e�and Proflta of the PropeAy:providad thet Truator shall,until lhe occurtance of an Event of DafeuR.herounder,
<br /> have the right W�olteGt end reta�n such renb,issues and proflts es they become due end Pa1►able.Upon the occurrence oi an Event oi
<br /> •
<br /> qefeult,Lender may,either ln person or by egent,with or without bdnging eny ectlon or proceeding,or by a receiver appok�t y a
<br /> caxt and witlaut regard to the edequacy oi Ite aecuNry,enter upon and teke posaesabn of the Properly�or any paR theraot,In(ta own
<br />— neme or(n the name of the Trustee, and do any ecta which It deema necessery or desirabla to presen►e the va�ue�marketsbNity or
<br /> �p�y�}yb p�paKy,a Any paR t►�ereof or Interest thereln,or to fncrease the(ncame therefrom or protect tha oecurftY 1►eroof en�1,
<br /> w�h ar wdit�out tekfng poaeesston ot the Property,eue for or otherwiae collect the renb,issues and profits theroof,Induding tlwse Pss�
<br /> due end unpatd,by notiiying tenents to make paymenW to lender.Lander mey eppy rents,isaues end profits,leas c�sta and expens-
<br /> ��{�pernNa�and colbctlon indudiny ettomey's fees, W any indebtedness securod heroby.all In such order as Lender may deter-
<br /> tla�
<br /> mine.The entering upon end takinp possesslai of the PropertY�the collection of such ronta�Issues and Proflts�end the eppllca
<br /> thereof ea aforeaeid shall not cure or waive eny defauft or nodce oi default hereunder or Invalidate any ect done U��se�'
<br /> deiauli or �ia��i ta suctt stotice�f�efsult�n�l. ��'�stend��9 the conUnuence In possessbn of the propeAY ���� ��
<br /> �eceipt end eppitcatbn of renb,issues a profits,Trustee and Lender ahall be en8ded W exercise every epht proviciai" Y
<br /> Loen Instrumenb or by law upon oxurtence of eny Event of Defeult,Includlny wfthout Iimitatlon the right to exerdae the power oi�sle•
<br /> Further,Lenders rtghts and romedbs under this paraprepl►sheil be cumulaUva with,and in no way e Iimitetlon on,Lenders�aod
<br /> remed(es under erry assipnment oi leaees end rents rec�rded againat the Property Lender,Truatee end the rocelver eheN bs Msble to
<br /> eccount ony tor thoae ronts actuaHy received.
<br /> ��_E���/p�yiqH,The tollowing shall�onsGwte en Event of Oefeult under this Deed of Truar
<br /> (e)FaHure to pay any inateilment oi prindpal or Intarest or eny othar aum sacured heroby whsn due:
<br /> (b)A breach of or defeuk under any provlaton contalned tn tM NoM,lhfs Deed of Tnsat,eny ot the Loen I�atruments.or any
<br /> other Ilen or encumbrance upo�the ProPenY�
<br /> (c)A writ of execuUon or attechment or any simiiar procaas ai�tlii ba er�tered agalnat Trssstor tYhlct�eheH t�.nr�a�Ian on
<br /> the Prope�ty or any porUon thereof or intereat theretn;
<br /> (d)There shali be flted by or egelnst Truator or Borrower an ecUon under any present or future tederel,state or other stetute,
<br /> iw�r or ropulaUon nlaUnp to benlwPtcY.tnwiwncy or othsr roltet for dsDEors;or th�ro shall bs sppolnted any truste�,rra�vK or
<br /> Ilquldator ot Trustor a Borrower or d all or any paR of the Proporty�or the renta,iaauas or prolits tl�sneot.a TNSEo�a���
<br /> ehaM make eny fleneral aasiDnment for the beneflt of creditors;
<br /> (e)The sale,transfer,Iease, aselgnment,cor►veyence or further encumbrance ot ell or eny paR of or snY interest In tt�e
<br /> Prq�erty,either voluntarily or imoluntoriy.witlwut the sxpresa writter►consent ot Lender;provided that Trustor ahall be pem►ft-
<br /> Ead to execute a bass ot the ProQertyr thet doea not contafn an opdon to purchase end the tertn of wh�h does not exceed ons
<br /> -- year,
<br /> (Q Abandonment oi the Property�or
<br /> (g)It Truator is ewt an tndividual,the tssuance,sele,t�ansier,essignment, caweyance or encumbrence ot more then Cd e
<br /> co�poradon)e Wtal of peroent of its Issued and outstanding stocic,a(if a partnerehlp�e total M Pa
<br /> cent oi pertnership interests.a(it a Iimlted ifability oompeny)a totel ot percent ot the Iimited IiabilHy comps-
<br /> -- ny interests or wdng dghte durkig the period th�s Deed of T�ust remains a Ilen on the property
<br /> _ �Z,R�m�di�s;Acc�l�ra�tion Upon DehuR.In the event ot eny Event of Default Lender may,without notice except as roquirod
<br /> -= by lew,dedare ail indebtedness secured hereby to be due and peyabb and the seme shall theroupon becarne due and payab�e wkh-
<br /> ° out any presentment,demand,protest or noUce of any kind.Thereafter Lender may:
<br /> (a)Demand that Tn�atee ezenclae the POWER OF SALE grented herein,end Trustee shaN thereatter cause Trusto�s Intor-
<br /> -� est in the Property►to be sold end the proceeds to be diatdbuted,ell in the�manner provided tn the Nebraske Tnrst Deeds Ad:
<br /> -',�� (b) Exerciae eny and ali righte provlded tor In eny oi the Loan Inetrumenta or by law upon oa:umence of enY Event of
<br /> Oetault;and nt a receiver,or spedflcally entorce eny of the
<br /> ?��'� (c)Commence an ecUon to foreclose this Deed of Trust as e mortgape,appol
<br /> • eovenants hereot.
<br /> No remedy hereln conferced upon or reserved to Trustee or Lender is Intended to be exciusive of any other remedy herein,ln the Loan
<br /> � Instruments or by Iaw provided or permitted,but each ahali be cumulative,shall be in eddiUon to every other remedy piven hereunder.
<br /> In the Loan Instruments or now or hereafter exlaNng at law or in equtry or by stetute,end may be exerclaed ooncurtenUy.Irxiependenth/
<br /> �-� a succesNely.
<br /> 13.T�uste�.The Trustee may resign at en ttme wiMout cause,and Lender may et any tlme and wtthout cauae eppoint a su�
<br /> ._.__.�_��.....���.we�,.e���,snv in�udlna without Iimitation Lender,Bon'ower,Trustor o�any pur-
<br /> - CQSSOf Q�6UDSU[lII�t tuslvv.i ivoaov w.o�............�.__ �.. r--••
<br /> chaaer of the PropeRy,for any bas ordamage unleas due to reckleas or wilHul misconduct,end 4hall not be reqWretl to taKe arry eauon
<br /> in connection with the enforcement of thts Deed ot Tnist unleas lndemnifled,in wdting,tor ell costs,compensatbn or expenses whtch
<br /> may be essociated therewith.In eddiUon,Trustee nu�y become a purchacsr at any�ele of the Property Qud�cfal or under the power of
<br /> sale grented hereln);postpone the sala ot all or any po�lon of the Property,aa provided by law;or sell the Property as e whole�a�n
<br /> separete parcels or lota at Trustee'o discretlon.
<br /> b exerGse of er of sele,Yrustee sheil be entitied to apply
<br /> 14.FNS�nd Ex�ns�s.In the event Tnrsteo sells the Property y P�
<br /> any se19 proceeda flrat to payment ot all costa and expenses oi exerciaing power of aale,including ali Trustee's tees,end Lenders and
<br /> 7ruatee's attomey's fees, actually lncurred to extent pertnitted by applicab�e law.In the event Bomower or Tn�ator exarotsea any ripht
<br /> provided by law to cure an Event of Default,Lender shali be entitied to recover from Tnistor ell costs end expensea ectually Incurt�ed as
<br /> � a result ot Truator's dofault,Including without Ilmftetbn all Trustee's end attomey's fees,to the extent permitted by epplicable Iaw.
<br /> 16. Fcrtun Adv�nas.Upon request of Borrower,Lender may,at tb optbn,make additlonat end future athrancea end cead-
<br /> - vences to Borrower.Such advances end readvancea,with lnterest thereon,shall be secured by thls Dead of TnisG At no Nme shall the
<br /> i
<br /> r
<br /> _ —
<br /> ... . . .._. v���j�{A�-J� . _ .. � . .... _— __'1'llID40�111.i.'.:-�___.
<br /> . . . . _ . . ... _ _ _ _— —�s�t _ �---���P�II��uY.' .� ._. ___
<br />
|