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Lender Is hereby a�tipned all compen��tbn. �w�rd�,damags�and othet peymente or relief(he�einafter"Proceeds"I — <br /> In conn�atlon wlth condamnatlon or other t�klnp of the Proputy or p�rt tharaof,or for conveyanca In Ileu of condemnetlon.Lender thall � <br /> t�ken or dam�ped,L.ender ahall havs the option In It��ole end�bsoluts dl�cretlon,ta�pply all such Proceed�, �itet deductlnp there}rom <br /> ell coate end expenaae Incurred by tt in conneotlan with such F'roceods,upon any Indebtedneas aecured hereby end In �uch order as � <br /> L�nder may determine,ar to epply all�uch Proce�dr, �fter such deduction�,to ths restoretlon of tha Property upon auch conditlona ea <br /> Lender may determine.Any�pplloation of Procesd�ta Indebtedneu�hall not sxtend or poetpone thd due date of eny peyment�under <br /> th�Non,or cure u+y d�}ault thereunder or hersundsr.Any un�pplled tund�shell be pald to Truetor. <br /> 8.Pwrtottr�na�by l�nd�r. Upon the occurrence of �n Event o}Def�ult heraunder, or If eny �ct I� taken or IeqN proceadiny <br /> �Qm��rtwei whlrh mat�Helly aff�ats Lender'a intsreat In the Propeny,Lender m�y in Its own dl�cretion,but without ohllgatlon to do eo, <br /> ind wRhaut notice to or demmd upon Truator�nd without r�lea�lnp Tru�tor from eny obtlyation,da my�as wfiici�T�ueiur i�::�pr� <br /> � but frlfe to do�nd Mny atto da a�y olher aCt It deems n�ceatery to proteat the sacurity hereof.Truator shell, Immedieteiy upun demend <br /> r.th�refor by Lender, pey to Lendsr ail costs and expente� incurrad�nd�um�expended by Lender fn conneation wlth tlio oxcrciso hy <br /> � Lender of the foregoinp tipht�,toyether with intsrest thereon at ths default rate provided in the Note,which�hell be added to the <br /> indebtednea encured hereby.Lender sh�ll not Incur eny Iiebflity bec�usa ot anythinp It mey do or omit to do hereunder. <br /> 8.H�:rdout M�tKIMs.Truator ahdl Keep the Propeny In compliance wtth e!I eppliaable lawa,ordlnencen end repulatlone relating to <br /> industrlel hypiene or env(ronmentel protectbn 1co11eotNeiy referred to herein es'Envlronmentai Lews'1.Truetor eheM keep the Prope�tY <br /> iree trom ell subetencea deemed to be hazardoua or toxic undar eny Environmental l.ewa 1co11eatively referred to herein as "Hazardous <br /> M�terleis").Trustor hereby warrantt and �epressents to Lender th�t there are no Hazardoue Matmiel on or under the Property. Trusta <br /> here6y agnes to indemr+ify end hotd harmlesa Lender,ks directora, officero, employees and agents, and any succeaaora to Lendars <br /> Intereat, f�om end aQainet eny and sil cleima, demages,lo��es and Ilabllittes arisinp in connaction with tn�preeence, uae, dispoael or <br /> trensport of eny Hazardouq Meterf�ls on,under,from or about the Property.THE FOREQOINO WARHANTIES AND REPiiESENTATIONS, <br /> AND TRUSTOR'S OBLICiATiONS PURSUANT TO THE FOREOOINO INDEMNITY,SHALL 3URVIV�RECONVEYANCE OF THIS DEED OF <br /> TRUST. <br /> 10. Aulpnm�nt of p�nt�.Truttar hereby eeslans to Lender,and prante Lender a aeaurfty interest in, s11 present, tuture and efter <br /> d�inq rente,Issues �nd profite of the Roperty; provided th�t T►wtor�hsil,until the ocr.urrence of an Event ot Default hereunder,have <br /> the ripht to coliect and retaln euch rents,lesue� end profitd es they become due and payabte.Upon the occurrence of an Event of <br /> Default, Lender may,either In pereon ar by agent, with ar wtthout bringinp any actton ar proceeding, or by a receiver eppointed by� <br /> court ind without regard to the adequacy of ite eecurity, enter upon and take possesalon of the Property,or any part thereof,fn ite own <br /> n�me or in the name of the Trustee,�nd do any acte which It deem� necesury or desiable to prsservs tht valus, msrkstabllRy a <br /> rentablUty of tha Property,or eny pert theraof or intereat therein,or to Increeee the income therefrom o►protect the�ecudty hereof s�d, <br /> with ar wRhout takinp poaaeaslan af the Property,sue for or otherwiae collect the rents,i��uss�nd protRa thereof,Includinp thoee past <br /> due �nd unp�id,by notifyinp tenents ta m�ka p�ymente to Le��der. Lendsr may�pply rents,(�aw� �nd profk�,leu costt and exp�nsa <br /> ot opKation�nd collectton Includiny ettarneya'fees,to any Indebtednat aecured hareby,ell in such ordsr as L�ndsr rney dete�mine.Th� <br /> enterinp upon rnd takiny po��ailon ot the PropeRy, the coltectlon of �uch rentr, issuet�nd protit�,and ths �pplic�tlon therwf p <br /> doraNd,�hali not cw�e or wdv� �ny d�fauk or notice of d�fauft h�nunder or Invslld�ts�ny�ct don�in reepome to�uch d�fwit w <br /> pur�ww►t to auch notice of def�ult end, notwiihttandlnp th� continu�nce In po��suton o} th�Prop�rty o►th� colNatbn. nc�lpt aMl <br /> �pplknbn of nnt�, fuu�� or profit�,T�u.:�� �nd Lenda ahall bs mtitNd to exKCl�� sv�ry rl�ht provid�d for In �ny ot th� La�n <br /> In�trumMt�or by I�w upon qccurr�na of any Ev�nt ot Wfauft,Includlnp without Ilmltatlon th� rlpht tc sxerch�th�pow�r of saN. <br /> Fu►thK, Lmder'�ripht�and nm�dl��und�r thl�pareptaph�h�li b�cumulMive with,�nd In no w�y�Iimlt�tlon on,Lendtr'�ripht� and <br /> .��,��.� �M�f..r�ny�aalgnm�nt of loau�nd nnt�ncordM �p�lnst th�Property. Lendsr,Trwt���nd the nceiv�r �h�ll be Il�his to <br /> �ccouni oniy for thoa�nr►t�actu�lly nc�iv�d. <br /> 11.Ewnts ot Wiwk.Th�folbwinp shdl constituta sn Event of n�f�ult under thls Deed of Trust: <br /> (a)FNlun to p�y eny InttNlment of princlpel or Interlst of eny other�um ssoured hereby wh�n due; <br /> (b)A brach of or defsult under�ny provision conUined In the Note,this Ueed of Trust,eny of the Lflan In4truments,or any <br /> other Nen ar�ncumbroncs upon th�Aropsrty; <br /> Icl A wrk of execution or attachment or any etmiler praceas thsll be entered�gsinat Trostor which sh�il become a Ilen on th� <br /> P�openy or�ny portbn thsreof or Intsreit th�rsin; <br /> (dl There shell b�filad by or ayiinst Trustor or Borrowar an actbn under any present or futun tsderrl,atate or oth�r tt�tu�,law <br /> or reyuiation re4tinp to b�nkruptcy, tnwlvency or other rslief for debtors;or there ahell be appolnted any trust�e, recNvs► a <br /> Nqutd�tor ot T�ustor or Borruwer or ot a1i or eny pert of the Property,or the rent�,laue�or profit�thereof,or Tru�tor or Borrnwer <br /> �h�li m�ke my gsneral�s�ipnmsnt for the bensfit of creditora; <br /> (el The ule,transfsr,lssse,ssdynment,conveyance or further encumbnnce of NI or�ny psrt of or any Intenst in th�Property, <br /> ekher volunterfly or involuntsrily,without the exprsw writtan coment of Lender;provfded that Trustor shNi be pxmltted to execuN <br /> a Nase of tha Property that doe�not contein en option ta purehese end the term of whfch doe�not excesd ons y��r; <br /> tf1 Abandonment of the Praperty;or <br /> (p)If Trustor la not sn individual,the isnuence, eele,trensfer, aaaignment, convbyencs or encufnbrance of more th�n 1N e <br /> corporation) a tottel of percent of its issued end outet�nding stoak,or(if a partnorahip) e totW ot percent of <br /> psrtnwshlp intersste,or r mited Il�bility company)e totel of N�a percent of the Itmited liebflity company ntere�te ar votNiy <br /> riyht�durinp the period thle Deed of Trust rem�ins a Ilen on the ProperTTy:— <br /> tp, p�m�dMs;Accd�ntlon Upon D�iwk.In the event of any Event of Defauk Lender msy,wkhout notice except et requkecf by uw, <br /> declwe al1 Indebtednsas �scured hereby to be due end peyable snd the eeme ahell thereupon become due end pay�ble without ny <br /> pr�Nntment, dem�nd,protest or notice of eny kind.Thereifter Lender may: <br /> (d Dem�nd that Trustes �xsrclse tha POWER OF SALE prented herein, and Truetee shsll thsreaftsr cawe TruatoYs Interac <br /> In the Property to be aold and the proo�ads to b�distributed,ell in the manner providsd In the Nebrefka Trwt De�d�Act; <br /> ib)Exerctse any and all rlghts provided for in eny of the Loen Inetrumente or by law upon occurrence of eny Event ot <br /> Daf�uR; �nd <br /> {cl Commence an actlon to}orecloae this Deed of Truat ea a mortgane, eppoint a receiver,or speciflcaqy enforce�ny of th� <br /> covemnt�hereot. <br /> Nu remedy herein conierred upon or reserved to Truetse or Lenaer is Intended to he excluaive of eny other remedy hersin,in ths lo�n <br /> Inatrument�or by lew provlded or permitted,but eech shaN be cumuletive,ahall be'in addition to every other ramedy piven hereunder,fn <br /> the loan In�trumente or now or hereefter exfatinp et lew or in equfty or by statute,end may be exerciaad concu�rently,indapendenth or <br /> �ucassively. <br /> 13. TiustN. The Trustee may reilpn et any timo wkhoui cwae,end Lender mey et eny time and without cauts appoint a�uccNwr <br /> or�ubstftute 7ruetee.7ruetee shdl not be Ilabie to eny party. Includlnp without ifmRetion Lender. 8orrawer,7ruator at any purchaeer ot <br /> tho Roperty,for any lora ur demepe unlea�due ta racklosn or wlliful misconduat, a�d ehell not be raquired to t�ke �ny wtion fn <br /> conn�ction with the enforcement of this Desd of Trust unleae Indemniilad,In writing,for alt coets,compeneetton or expenses whlch msy <br /> bs u�acl�ted therewith. In eddition,T►uftee msy become a purchsaer at any eale ot ihe Property tJudiclel or under the power of tete <br /> pranted herein);postpone ths eele ot ell or eny portlon of the PropertY,ee provided by law;or aetl the Property ea e whole,or tn eepr�te <br /> perals or lot�at 7ruetee'e diaeretlon. <br /> 14.FNS�nd Exp�ns�s.!n the event Truatee sella the Property by exercise of power of aale,Truetee ahail bs entittad to eppty eny��te <br /> ....,�..�.rUa:f� navmen:of all costn end exnonaea of exaralelnp power of eele,Including ell Truetee'a fees,and Lendor'e end Truatee'e <br /> ettorney'e feea,actueily Incurred to extant permitted by epplicabte law. In the event Borrowar or Truator exerctaef any rlgnt proviaed oy <br /> lew to cure an Event of Default,Lender eheil be entitled to recover irom Trustor ell coste ond expeneea actuelly Incurred as a resuk of <br /> Trustor'e default,Including wiihout Ilmitation ei!Yrustee's and ettorney'a tees,to the oxtent permftted by appllceble law. <br />-= i6.Futun Advanc�s.Upon request of Borrower,Lender may, at Ite option,meke additlonel end future advencea end readvancas to <br /> � Borrower.Such advancos and readvancea,with interest thereon, sheil be secured by thla Deed of Trust.At no tlme ahali the princlpal <br /> amount of the(ndebtednesF secured by thie Deod of Truet, not Including sums advancad to protect th� eacurity of thia Deed of Trust, <br /> — exceed the oripinel principal amount eteted hereln,or 8 s59.000,oo _,whichever ia preater. <br />�� <br />-T <br />:�� <br />_`� <br /> 'tl <br /> �_ <br /> NBC3�67B INOneprieWturN Oeedl Rev.8l90 . <br /> 1988 Nalbnoi�onk uf Commarce Trust ud Sev4+ge Assoclation.Llncaln,Nebonkn <br />