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<br /> �.� �,�4. .�� 'Proee2�In eannedton�v(1�en�r�GemnaBea ar athgr taEc[nB of tns P¢oparty ar paR the�eot.ot iot oonveyance In Ueu of ocrtdemaie�An. ``�4� `• ��
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<br /> •.�.� .k_, v��. Lendsr stiaU it9 entitted 8t ita opIIon to cammen�.sPAear In�aaO�asaart�(n(ta Qv�m nama any action�r prc�eQings.arM�etso ..
<br /> x.� �. �,• . � 0�1ted to maAe arry camprom�e ar ss�tarter►t in conne�tan with sucA taking ar Qamage.tn tha event any►pnNon cf tha PropeRy is :•�.µ�`.��� F
<br /> ,.. 'i,'�`:..._r. ' SO PB.t{Q!1 OT Q2tR�$BO.I.ender slrati havs tfie oPEien in tts sate and absoJute�scre�on.�4 3pj1ly 8Q SUd1{'iTaCe£Q3� 8f�8T dEdtl6titig `.'..+`•`� -•,
<br /> � + - thcraimm el!casi�an�eacpsnses(nCafted by it in wnne�ton witP�wt�Praneedg.upon any tRdoDteQne�sstxu+ed hereby and In such .4,
<br /> `�,� � arder as Lc�nQ�ar may Qets�mtna�9r W ep,ply a!I su6h RraceeQs,eRer such deduc�ana.to the resto�t�n ot the PraFerry upon su��aorr �' �r
<br /> � �a�''� ' �� dittans es Lender msy deLarmtne.MY �PD�catf�of Ptaeeeds te InQebtednesa Bhali tta�extend or pasqsone t�te due dat�of enI►D� `.. ``
<br />_ « � 1 � ` mants undar the Nate.ar cure any defauit thereurr�sr or�heceunder.My un�pplied fun6s sh�il6e pafd tn 4rustor. ���� •
<br /> . :.�:,..,.�� � • 6.Pcufa�ntance�y I.sndar.t!�the aoc�urnence ot en Evant o!Qeta�t hajeur�er.ar H any set Is taken or tegal praoeeding ,. ��
<br /> � ,_ commenoed whic�matedatty effes�s i.;endaPa in�erest in�e�'roAarry.Leadar rrtay in ib ovm dtsaetian,�ut�aithcut ol�it�atton tQ do s�. �_ .
<br /> ti,"�. �; .�` and vr(thottt noi[ce to or Qemand upon Trustor end vdthaat Bleastng T�ustot fiom eny obltgatlon.da any a�wNch Trusmr P�as agreed �.,- ..
<br /> . �t taited to da and may atso do anp ather a�it dec�m�necessary to prote�i the sacudty hereof.T�ustor sha➢,tmme�fately uAon �.
<br /> - - -;:�; B�tQ�b1s l.gas�sr.DaY talendsr eD oos*s and expengea In�tied enQ sums exganded Oy I.endet In canstet�Usn wdh the exer- � _; �
<br /> ' ase by lender ag tha fategeUlB��•�tlier witH Interest thareon et tt�e defaetlt rafe provtd�d in�Aa(�toie.vfiich shaD ba adQed ta
<br /> a � �- :
<br /> � . , '� � the indebtedness secured hereby.lender shall rtot Incvr any Iiab i Ury b�rauss o i an y t h ing I t m3y d o ar am f t t o d o he r e i m der. � Y ;
<br /> edn . �
<br /> .' 9.Ofazardous GTaLerlats.Tnisinr shall keep the PmPeRli in campfianoe with ati applicabie Iaws.ordinanoes and tegufaHor►3 :��` '
<br />- , � . . relaSng ta tndus�iat bygtene or erniiortmenta{pnaD�ticn(ccl�tivety refemed ta haretn as'Ertvkonmetnal t,aws�.Tn�r shall keep � '`., �•
<br /> ' fhe Poapesty frea trom an suhsta�aas d�aemed tu be t�dous ot taxtc under erry Erntronmemal Lavrs(caltedtvety refen8d ba herein ��.,�i���..�.
<br /> � .. ° • as'Hasardous Materiats7.Tntstor heneby wartar�ls en0 rep�asents L�Lender that there ar�no Hazardous Materiat�on or under ttee �..� � ���
<br /> -' ' .;' ::'� Praperiy.Trustor Nsreby egcees�to tndemnif�r and hotd hartntess Lender.iLs direaors.oftic;ers.emplollees�nd age�ds.and any scc�a�- �" �'
<br /> _ �`. `>f'� < . �:i:�`-_-
<br /> = . ., sflrs tu Lender's tn�eres�from and against a�ry and aU dalms.damages.tosses end IlabUtUes artsing in aonnectiort witt�t�e pressnos. ��__;
<br /> '';:r. �;. ,_.�....,;�r use.msPosal.or ttartsport oi arty Fiazardous Materiats on,under.trom or�nut tt�ProPetty►-THE FOREGOINC;WARRAISTlE3 AAiD . .';:,
<br /> REPRES�NTA'FtQNS.AtdD TRUSTOR'3 OBUtiAA�IOiJS PURSUANT TO THE FOREGOING INOEMNlTY,SFIAl.L StlRVIVE �`r�*�
<br /> ���;;' �,. .,� . RECONVEY{1NCE nF TliIS DEED OF TRUSt . , .`. ..°
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<br /> . ' 10.As�tgnntent of Rottts.Tnu�tor hereDy assFgns to Lender.and grents Lc hdE-e secu N(nter�t in eli pr�en�future and �=•
<br />- ._ after arfsing rents.tsSttes and profis af the i�roQerty.provtded 4�at Tnrstor sf�afF;unti!t�a aaxmem:e of�n Even�of Oefa,.'�hereutMer. ' ---- _
<br /> = ;% `� .� ��` t�e tfie r�ghttn�ileca and retain sudt cents.Issues ar�profiLS aS they 6ecomg due ans.paya6te.Upon fhe accxurence af an Even1 ofi -'j�--�-�°�•_
<br /> ` � . "��.°�` QefauN,Lender may.efther tn par5on or by agenL with or withaut bri�ging eny action or preoesding,ar by a rece(ver appofite0 by a �"
<br /> •,� � .-:1.�°._ �:� o o ua a r M without�gard to the sd e q u a c y r af tts s e�r i h►.enter u pon end take p ossesslan ot the Propady.or any D�thereoi.Tn iL9 ou�1n "�-�.
<br /> �' . ` aame or in the name of ttne Tnisiee.and do arty acts wldch it deems aeoessary or deshaDta to ptesetve the vahle,matfceta�i"Jiy ar �� �`;,:
<br /> � . '�'�'� - centatiiGty ot the Ftoperly,or enyr paR thereoi or irnerest fherein.or to inarease the incoma tAerefrom or prote�the se�xuity hereaf ana. • : ,< �
<br /> = with or�hout taking possession of t1�e Property.sue for•or othen,vise colted ths rents,(ssues and pmfiis thereof.(ncluding�thase past �.�_
<br /> • s. dve and unpaid,0y notifying tenanb to make paymerds to Lertdar.Leeder may apply csrHs,issues a�d profib.fess o�ts.and expen� r; ;"
<br /> ,., w��. �- �;� " es of operallon and colt2ction including atWr�ey's feas.to any indebtadness sar�ned herehy.a11 h9 such otder as Lertder may deter- � •.�,.
<br /> , . •.�� �mine.Tiha entedng upon an0 tatdng possesston of the Rroperly.tS�e caflection of sucb renis.dss�anQ profits.end tha applicaWn �:;-Lt-. _
<br /> %. � ` ' � :: fhereof as atpr�esaid shait aot cqre or�vaive a�l defautt or naUce of defauft 6ereunder or InvaUdate arry act dane i��esponsa to such ��� :
<br /> . i '�. o. . i: �r.-
<br /> -- . : defautt or piussuarit tn such notic�of defauft and.notwithstandirtg the contlnuance(n possession ot the pmpe►iy ar the ceuection. �,.;`,�,'�.
<br /> _ • ������ �ecsipt and applicatt�n af rerRs,tssue�ar profits.Trustee and LenQer shali be enHtled to exercise every dght prevtde�for(n enp�i the �"�"
<br /> , Laan tnstruments or by law upon oaurrence oisny[vent ot OetauN.inctudfng wIthout Iimitatlon ihs dght to.exerc,dse fhe patver of�ta. ��:
<br /> - � ` ���' •�:��,` Further,Lendefs dghts and r+emedfes under thts paragraph sha0 be cumutative witt�.and in ao way a fimitation on,tendels rights and .,.,_r.
<br /> � remedias 4mder any assignment ot(eases and rer�recorded agatrist fhe Property.Lender,Trustee and the recehrer shaD be liabie to �-J- `�.
<br /> '" ac�au�cc��yrforthass�entsactuallyreceiv�d. ' >�:��;:,
<br /> � ; � �'' � 44:Evetns ot Qefault Tlte following shali consUtute an E��:t of Default under th(s Desd of Ttus� x�.:'r�s:�
<br />` � (a)�ailure to pay any instaltmert oiprincipal or interest or any othersum secured hereby when due; -"�`�"�'�
<br /> - , , : ' � �;,!'°, (b)A breach M or default undar any prov��:an contained in the Hote,ttits Deed oi Tntst,any of the Loan trrstruments.or arry . r:;�xa_�
<br /> � ' othet Iten or encumbrance upon the Pruperty; � ---
<br /> ` '(c)A writ at executlon or atlachment or any simitar praass sha11 ba entered against Trustor which shall became a(ien on ..
<br /> . .;,; ; t3:3�roperty or any poRion thet�f or intecest fherefn: ���,�==,;;�,-'.
<br /> d�There shatl he fited by or against Tru�ar or 6orrower w�►action under arry present or futura federaf,state or other sta4de. *"s'�_'-
<br /> _ • taw or reguiati�cce coTaUng to bankNpicy,Insm:►�;TCy or other re(ief for dr�::cs:or fhere shai!be appointed amr frustee.reeehrar or �:.� :_
<br /> • , �'�•� � Iiq�EQator ot Trw�-'�r or Borrovrer or of ail or er,p paR of the Property,ar Bre rents,issues or proftts thereof,or Tnutor or Boaovrer , y""-`°'
<br /> �.., . �, sh.�ail make any general assignment for ihe benaTit of creQ'Lers;, • ,-
<br /> • ;�t� (e)The sa(e,transfer,lease.assignmsnt,convey�or fuRher encumbrartce oi aU�or any part of o�arry�st In the ��
<br /> ' �._,,---��
<br /> ---�-•���-•• t�jerty.effher wiunterliy or involunterily,w(thou!the�c�ss wri4ten cortser�t ot Lender,proY�ded that Tmstor sl�51�pertnit
<br /> .. . teQ W execute a tease of the Properiy that does not cor�tain an opUon tio purchase end ffie term oi whtcb does aot�xceea orte . , _
<br />_ . .. :�.�� year, •
<br /> ;� : (�AbandonmentoitheProperty;or '
<br /> - -'-�-� (g)tf Tmstor is not an individual.the issuance,safe,transfer,assignmenf.convayance or encumbrance o!more than(i a ,
<br /> ac!;oratton)a total of percent oi its issued�d outstartding stock,or(it a partnershiD)e total o? per- •
<br /> . � „'... � cent ot partnership interests,or pf e timited tlabiHiy oomparry)a tatnS oi percent oi the limited liabiflry campa- •��_?f`;'
<br />_ � . ' ny interests or ve:3ng dghts during tha period this Deed of Trust remains a Uen on the propeRy. ,
<br /> �:• '� • 12.RomeQios;A�cetera4ton Upon Dofaul4.ln the avent of any Ever.]cf i]etault Lender may.w(thout noUce except as require0 .
<br /> � • ' by fav�,declare eil irtd6b4e�ness secured Aereby to ha Que and payatAe and�te same shafl thereupon beaoms Que an0 payabte+aith-�
<br /> 1� � � . � o�t arry prosontrnent,demand,pratest or notice of any kiad.Thereafter Lender may: •_.
<br /> '��'4� (a)Demand U1at Trustee exerelse the POWER OF SP�LE granted herein,and Tnistee shall thor�after cause Tn�tafa inter- .
<br /> est in Ma Property to be sold and the proceeds to be distributed,aA in the manner provided In the Nebraska Trust Q'eeds Ad; ' �
<br />_ . . . . • (b)Exerctse arry and ali�tghta provided for in any of the toan InsWmenb or by law upon occunence oi any Event oi .
<br />_ . � Default;and . � � .
<br /> � � " � _ �� (c)Commenco an actlon to torectose this Deed of Trust as a mortgage,appoint a receiver.or spea5catly enforce any of the ��
<br /> . . covenanb hereof. r
<br /> � �. � No rettnedy heretn wnieaed upon or reserved tc Trustee or LenCvr is intended to be exdusiva ot arry other remedy herein,in the Loan
<br /> _ -� lastrurrcer.s or,by law provlded or permilted,but each shail be cumulaUve,shall be in addilcn to every other remedy glven hereunder,
<br />- " �. .' in lhe Loan fnstruments or now or heroaRer existing at law or in equity or by statute,and may be exercised ooncurrentty,independentty• '
<br /> �' , � or succesively. .
<br />- � • 13.Tru�toe.Ts�s Trustee may resign at any tlme without cat�ss,and lender may at any time artd without cause appolnt a su�
<br /> cessor or subsKitute Trustae.Trustee shaii not be tiabte to eny party,lncfuding without tim(haUon Lender.8orrower,Trustar or any pwC
<br />� . • . chasor of the Properly,tor any toss or damage unless due to redc�ess or w111fu1 mFSCOnducf,and shall na!69 re4vlred tnlake eny acfl'an '
<br /> _ ' .. � in conrtection wfth the ert[orcement ot thfs Oeed o!Trust unless Indemnifled,tn writtng,tor ati casb.campe�on or tucpe�es v�hii� � �
<br /> • �', may bo associated therewith.tn addition,Trustea may bewme a purchaser at any sate of the Pro�erty(�udicial ar un¢Br the pavre►'dt
<br /> � � sffie granted herein);postpone the sat�of aD or any potUon at the PropeRy,es providad by law;p�sell thv Property as a who�e,adq
<br /> ��.'� �. se�arate parcets or tots at Tn�stee's disuetlon.
<br />= . • 14.Fees and Expen�es.ln the event Trustee selis the Property Cy exercise ot power ot sate,Trustee shall�e entitted to appty '
<br /> : arry sale prooeeds flrst to payment ot all costs and expenses of exercising po�ver ot sale.Including a11 Trustes's fees.and Lertdets and . �
<br /> � . Trustee's at0omeys fees, actuatiy incurred tn eutent pennitted by appli�bl8 lavi.In the event Borrower or Trustpr exercises any right .
<br /> , . provfded by law ta cure an Event of Detautt,lender shatt Ce enti8ed to recover from Tn�stor aU costs and expenses actualty lncurred as
<br /> � . . a result of Trustors defauft,including without IimitaUon all Tr4stea's and attomey's fees,to the extent pemtitted Dy appticable taw. �° •
<br /> � 15.Futuro Adv�asees.Upon requost oi Borrower,Lender may,at its optJon,make additional and future advan�s and read-
<br />. . . . . .
<br /> _ -" ' - •- - vanc�s to So�rower.Suci►advartces ari6 rea6ra�ces.a�iii�Ir�terest ti�ara�r►.siiati ba secured by this t3�ed ot Tr�,-t fit na tima�hafi ttia _ � '
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