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<br /> ,� y� 'Proceeds")in connectlon with condemnallon or other teking of the Property or part thereof,or for conveyance In Iteu of condemnation. o�
<br /> Lender shail be andtled et tts opdon to commence,eppear In end prosecute In Its own name any action or proceedings,and shall also .�-�.••
<br /> be entitled to meke any compromise or sottlament In connectlon wfth such laki��g or damage.In the event any portlon oi the Property is �.°=`
<br /> � so/ekon or damagod, Lender shall ha4e the optlon In Its sole and ebsolute discrotlon, to epply all such procoeds, after deducting ;,
<br /> " " therefrom all costs and expenses Incurred by it In connecllon with such Proceeds,upon any indebtadness secured hereby and In such ,,_,
<br /> order as Lender may determine,or to apply all such Proceeda,after such deduGtiona,to the restoration of the Proporty upon such con-
<br /> - ditlons as Lender may determine.Any appllcation oi Proceeds to Indebtedness shall not extend or postpone the due da?e oi any pay- _1��'
<br /> ments under the Note,or cure eny defaull thereunder or hereunder.Any uneppllod funds shall be paid to Trustor.
<br /> �. 8.P�rfortn�nc�by Lend�r.Upon the occurrence of an Event of Default horeunder,or If any act is taken or legel proceeding� ��;:
<br /> � commenced whlch materially affects Lender's Interest In the Praperty,Lender may in fts own discretion,but without obltgation to do so,.J �
<br /> �� end without notice to or demand upon Trustor and wfthout releasiny Trustor froni any obligation,do any act which Trustor hes agreed�
<br /> .�.+M"'�"r� but falled to do and may also do eny other aot It deems necessary to protect tha security hereof. Truetor shall, immedtately upon
<br /> �'��^"""'� demand therefor by Lender,pay to Lender ell costs and expenses Incurred and sums expendAd by Lender in connectlon with the exer-�
<br /> �� r' clse by(.en�r of the forepoing rights, together with Interest thereon et the•d�fault rate provlded in the Note, which shall be add4d to� �
<br /> the indebtedness secured hereby.Lender shall not incur any IIabllity because of anything it may do or omit to do hereunder.
<br /> a. 9. Hwrdous Mat�rials. Trustor shall keop the Property in campllance with all applica6le laws,ordinances and regulatlons�
<br /> relating to industrial hyglene or environmental protection(collectiveiy referred to herain es'Cnvironmental Laws").Trustor ahall keep �
<br /> �� the Property free from all substances deemed to be hazerdous or toxlc under any Environmentel Laws(collectively referred to hereln
<br /> es"Hazardoua Meterials').7rustor h4reby warrants and represents to Lender that there are no Hazerdous Meterials on or under the
<br /> � Property.Trustor hereby agrees to indemnify end hold hermless Londer. Ils directors,a�cers,employees and egents,end any succes-
<br /> sors to Lenders Interest,from and egainst any and ali claims,damages,bsses and Iiebilities arising in connection with►he presence,
<br /> REPRESENTATIONS�AND TRUSTOR'S OBLIGATIONS PURSUANT�TO THE FO EGOING NDFMNITY, SHALL SURVIVE
<br /> RECONVEYANCE OF THIS DE�D OF TRUST.
<br /> 10.Msiqnment of R�nb.i rustor hereby aasigns to Lender,and grant:, Lender e securiry intereat in,all present,future and �_
<br /> � after arising rents,fssues and profits of the Propertyr;provlded that Trustor shall,until the occurrance oi an Evant of Default,hereunder,
<br />'• �� have the right to collect and retain such rents,Issues and proflts ec they become due and payable. Upon the occurrence of an Event of _
<br /> Qefeult,Lender may,e(ther in person or by agent,w(th or without bringing any action or proceeding,or by a receiver appointed by e
<br /> court and without regard to the adequacy of its security,enter upon and take possession of the Property, or any part thereof,in its own
<br /> name or in the name of the Trustee, and do any acts whlch it deems necessary or desirable to preserve the velue,marketebility or
<br /> rentebliity of the Property,or any part thereof or interest therein,or to increase the Income therefrom or protect the security hereoi and,
<br /> � with or wlthout taking possesalon ot the Property,sue tor or otherwise colleci the rents,issues end proflts thereof,including those past
<br />_ due and unpaid,by notifying tenants to make payments to Lender.Lender may epply rents,issues and profits,less costs and expens-
<br /> ,� es of operatfon end collectlon fncluding attorney's fees,to any indebtedness secured hereby,all in such order es Lender may deter-
<br /> mine.The ontering upon end taking possession of tha Property, the collectlon of such rents,issues and prafits, And the epplicetfon
<br /> - thoreof as aforesaid shall not cure or waive eny default or notice of detault hereunder or Invalldete eny act done In response to such
<br /> daiauit o�purs�ar�t ia such r.o!!.^.e of defauit and. nntwithstending the continuance In possession of the property or the collection,
<br />� ^ recelpt and application ot rents,Issues or profits,Trustee end Lender shell be entitled to exercise every right provided tor in any of ihe
<br />- Loan Instruments or by law upon occurrence of any Event of Detault,(ncluding wlthout limitation lhe right to exerclse the power of sale.
<br /> � Further,Lender's rights and remedies under thls paragraph shall be curnulative wlth,and in no way a Ilmitetion on,Lender's rights and
<br /> remedies under any assignment of leases and rents recorded against the Praperty.Lender,Trustee and the recelver shall be Ifeble to
<br /> ; accAUnt only for those rents ectually received.
<br /> 11.Events of Defautt.The following shall wnstitute en Event ot Default under this Deed of Trust:
<br /> _ `" . (a)Fallure to pay any Installment of principal or interest or eny other sum secured hereby when due;
<br /> r. (b)A breach of or detault under any provision contained In the Note,this Deed of Yrust, any oi the Loan Instruments,or any
<br />_�. �w other Ilan or encumbrance upon the Property;
<br /> (c)A writ of execution or attachment or any simllar procoss shall be entered against Trustor which ahell become a lien on
<br />� ' the Property or eny portion thoreof or Interest thereln;
<br /> ;;, (d)There shell be filed by or egainst Trustor or Borrower an acGon under any present or future federal,stete or other stetute,
<br /> - ' • law or regulatlon releting to bankruptcy,Insolvency or other reilef tor debtora;or there shell be appolnted any truatee,recelver or
<br />- Ilquldetor of Trustor or Borrower or of all or any part of the Property,or the rents,Issuos a proiits thereof,or Trustor or Borrower
<br />_ - shall make any general assignment for the benefit of creditors;
<br /> (e)The saie, trensfer, lease,assignment, conveyance or fudher encumbrance uf all or any part of or any (nterest In the
<br /> , Property,either voluntarily or Involuntarily,without the express written consent of Lender;provlded ttiat TrusMr shall be permlt-
<br /> ��=_• -. ted to execute a lease ot the Property that does not conteln an opt(on to purchase and ihe term of which does not exceed one
<br /> - year, `�
<br />��' ,�, (�Abandonmont of the Properly:or -
<br /> (g) If Trustor Is not an Individual,tho f•asuance,sale,transfer,assignment, conveyance or encumbrance of more than(if a -
<br /> � ,' corporation)a total of percent of Its Issued and oulstanding stock, or(if a parinershlp)a totai of per-
<br /> � ; cent of partnershfp Interests, or(If a limlted Ilabllity company)a total of percent of the Ilmited liabll(ty compa-
<br /> � ny fnterests or voting r(ghts during the period this Deed of Trust romains a Ilen on t he prope rt y. -
<br /> 12.Remedies;Acceleratlon Upon Detautt.In the event oi any Event of Default Lender may,without notice except es required
<br /> � by law,deciaro ali indebtedness secured hereby to be due end payable and the same shall thereupon become due and payable with- _
<br /> out any presentment,demand,protest or notice of any kind.Thereafter Lender may:
<br /> (a)Demand that TrUStee exercise the POWER OF SALE granted herefn,end Trustee shall thereafter cause Trustor's Inter-
<br /> - est In the Property to be sold end the proceeds to be distributed,all In the manner provided In the Nebraska Trust Deeds Act;
<br /> (b) Fxerclse any and all dghts provided for fn any of the Loan Instruments or by law upon occwrence of any Event of _
<br /> Default;and `
<br /> — (c)Commence an action to(ureclose this Deed oi Trust as a mortflage,appofnt a receivor,or speciflcally enforce any of the
<br /> covenants hereoi. '
<br /> No remedy hereln conferred upon or reserved to Trustee or Londer is inlanded to be exclusive of any other remedy herein,in the Loan �,
<br /> Instruments or by law provided or permitted,but eech shali be cumulative,shail be in additfon to every other remedy given hereunder,
<br /> In the Loan Instruments or now or horeafter existing at law or In equlry or by statuta,and may be exercised concurrently, independenlly
<br /> or succesively.
<br /> 13.Trustee.The Trustee may rasign at any timv w�thout cause,and Lender may at any time and without cause appoint a suc-
<br /> . .._T_......., T.....�„�etiou.,.,�►,a uahlw tn anv nartv. In�ludlna wlthout Ilmitation Lendet,Borrower,Trustor or any pur- _
<br /> � � cci5�or ui oiiv5uiu.o ��..o...... ........._,,..-^••-•-- ---�- �� . . .• Ired to take an acnon
<br /> chase pf,tlt�.P.r�peciy.Jo�aa��oss ordamage unloss due to reckless orwlllful misconduct, a�s all notb�requ �„_� , Y
<br /> in con�,ectlon wlth�the�►eement of this Deed of Trust unless fndernnifiod,in writing,for al tastsrcatup�►S2itlQr1�S,$�e��es which
<br /> may bo as9oafetedlhvrewtth'9n addition,Trustee may become a purchaser at any sale of the�Rrape�({�ic�-a�otler the.pc�wer oi
<br /> sale glAnted he�&I �the sele of alI or any portion of the Property,as provicfed by law;-or 4edl llw'�rOD��lI as aw�ole,or in
<br /> � separ�f� arcefs or o s a,y"ru"tee's discretlon. h�� ""'""' '"""��'+` 'io "
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<br /> I Ch�4.'�-es and Expenses.In the ovont Trustee sells the Property by exercise of powerof:sale;.�roetee�eM�ali�e entitled to apply
<br /> � any sale proceeds first to payment of all costs and exponses of exercis(ng power of salQ,Including al:7rus�ea s fee's,and Lender's and ;
<br /> j Trustee's attorney's fees, actually incurred to extont permltted by appllcable law.In the eve�t•Borrawoc_or..F►ustor exercises any right
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<br />— � provided by law to cure an Event of Default,L ender shall be entitled to recover from Trustor all costs and expenses actually incurred as i
<br /> i a result of Trustor's default,fncluding without Ilmltatfon all Trustee's and attorney's fees,to the extent permitted by appllcable law.
<br /> 15 Futuro Advances.Upon request of Borrower, Londer may,at its opllon, make additional and(uturo advances and read-
<br /> � ,vances to Borrower.Such advances and readvances,with Interest thereon,shall be secured by this Deod of Trust.Al no lime shall ths
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