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<br /> � �'j•:''�' "Proceeds")In ccmnectlon wlth condemnatlon or other taking oi the Property or part thereof, orlor conveyance In Ileu oi condemnation.
<br /> �+:iry��� �':
<br /> =-�r,=,<•y� Lender ehell be enti►led et Ita option to commence,appoar in and prosecuta In its own nam�eny nctlon or proceedings,and shell also
<br /> �,•_,s���,� ° be entitled to make any compromise or settlement In connection with such taking or damage. In lhe event any portion of the Property is
<br /> ����.�- so leken or damaged, Lender shall have the optlon in its sole and absolute dlscretlon, to apply ell such proceede, after deducting
<br /> :' ;�, _4,: ther9from all costs end expenses Incurred by it In connectlon with such Proceeds,upon any indebtedness secured hereby and In nuch
<br /> . order es Lender rtiay determine,or to apply all such Proceeds,aiter Such deductlons,to lhe resloration of the Property upon such aon-
<br /> =�•r� -"' dlUons es Lender may determine.Any eppllcatlon of Proceeds to indebtedness shall not oxtend or postpone the due date ot any pay-
<br /> __`..e.�;;,,';;VSr ments under the Nute,or cure eny defeult thereunder or hereunder.Any unepplied funds shall be paid to Trustor.
<br /> :';�"l'�" 8.P�rtormanc�by L�nd�r.Upon the occurrence oi en�vent of Qefault hereunder, a if any sct Is;eken or lepal proceeding
<br /> �� cornmenced whlch materlally affects Lender's interest fn the Property.Lender may in its own discretlon,but without obligation to do so, �
<br />-_-�---=-"'n" � and witiwut notice to or demand upon Trustor and without releas(np Trusror trom any obugatbn, do'any act which 7rustor has agreed
<br /> —;y�� but tailad to do and may also do any other act It deems necessary to protect the security hereof. Trustor shall, Immedletely upon
<br />- demand therefor by Lender,pay to Lender all costs end expenses Incurred and sums expended by Lender in connectlon wlth lhe exer-
<br /> ` •�. cisa by lerider oi the foregoing rights,together wlth Interest thereon at the default rate provided In the Note,whlch shall be aclded to
<br /> " r��'' the indebtedness securecl hereby.Lender shall not incur any Ilabllity because of enything it mey do or omit to do hereunder.
<br />,�L�-F:,,:;�y;�i� 9. H�zardous M�t�rlals. Trustor shell keep tho Property In compllance with all epplicable laws, ordinances end regulatians
<br /> � :-�a' retating to industrial hygiene or envlronmentel protoction (collectively referred to herein as "Environmental Laws").Trustor shell koep
<br />� �_�E. the Property free from all substances deemed to be hezardous or toxic under any Envirunmenlal Laws(colloctivety referred to herein
<br /> '"�r*'� as"Hazardous Materials').Trustor hereby warrants end represents to l.ender that there are no Hezardous Materials on or under the
<br /> �.'�'�i::� Properly.Trustor hereby agrees to Indemnify and hold harmtess Lender,its directors,officers,amployees end agents,and any succes-
<br /> �-;�i� sors to Lender's Interest,from end against any and all olaims,dameges,losses and Ilabllitiee erising in connection with lhe presence,
<br />,°",u�`,t
<br /> _-:q9�� use, disposal or transport of any Hazerdous Materials on,under,from or about the Property.THE FOREGOING WARRANTIES AN
<br /> -=�"-'�''� REPRESENTATIONS, AND TRUSTOR'S OBLIGATIONS PURSUANT TO THE FOREGOIN� INDEMNITY, SHALI.SURVIVE
<br /> '`�'°'�';`� RECONVEYANCE OF THIS DEED OF TRUST.
<br /> --ta:�..... �
<br /> '��= ;"•.�: �: 10. ��ssiqnm�nt of Rsnts.Trustor hereby aesigns to Lender, and gran[s Lender a security interest In, all proseM,tuture end --
<br />-'=s:��� efter arising rent�,issuee�nd profits of the Property;provlded that Trustor shall,until the occurrenco of an Evant oi Defeult,hereunder,
<br />- `"`�L . have the nght to collect and retaln such rents,Issues end profits as they become due and payable.Upon the occurrence of en Event of
<br /> ��;�`` Qefault,Lender may,elthar in person or by agent,with or without bringing any action or proceeding, or by a recoiver appolnted by a
<br /> -- � court and without regard to the adequacy of Ite security,enter upon and take possesslon of the Property,or any part thereot,In Its own
<br /> ��;e,�',��,� neme ur in the name of the Trustee,end do any acls whlch it deems necessary or deslrable to preserve the value,marlcetebllity or
<br /> _.,,:,a,;,- rentabiNty of the Properly,or eny part thereof or interest therein,or to Increase the Income therefrom or protect the security heroof and,
<br /> _°=='�=� wiih orwithout teking possesslon of the Property,sue for or otherwise collect the rents,(ssuee end proftts thereof,Including those pest
<br /> "-'`�:j'�` due and unpaid,by notifying tenants to make payments to Lender.Lander may epply rents,issues and profita,:ess costs end expens-
<br />---.,y��
<br /> -- es of operatlon and colledlon Including attorney's fees, to any indebtedness secured herESby,all in such order es Lender may detor-
<br /> ��---� mine.The enledng upon end taking possession of lho Property,the collection of such renls,Issues end proflts, and the applicatbn
<br />-:Y�'�"`.,,�,,. � thereof as eforesaid shall not cure or wafve eny default or notice of default hereunder or Invalidate any act done In response to such
<br /> - uninuii vr puisuari i� such railc:. oi d�fs�lt ar.d,.^.oiW!!hsten!�t�,n thR continuance In oossesslon of the property or the collectbn,
<br /> •��`==°����� r9celpt and applicatlon of rents, issues or profits,Trustee end Lender shell be entitled to exerciss every�ight provided for In any oF the
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<br />-_-w�.�- Loan Instruments or by lew upon occurrence of any Event of Default,Including without Iimitatbn the right to exerclse the power o sa e.
<br /> ----_--- Further,Lender's rights and remedles under this paregraph shall be cumuletive with,and In no way a Iim(tetion on,Lendere�ights and
<br /> ��i-,:� remedies under any assignment of leases end rents recorded agalnst the Proporly.Lender,Trustee and the receiver shall l�Ilable to
<br />----Y_� - account only for those rents actually received.
<br /> ------ 1�.Ev�nts of D�fault.The tollowing shall constitute an Event of Default under this Dead of Trust:
<br /> -�-�-----J= (a)Failure to pay any Insteliment of princlpal or interest or any ather sum secured hereby when due;
<br /> --°�=�+�'�s���� (b)A breach of or default under any provision conteined In the Note,this Deed c�f Trust,any of the Loan Instruments,or any
<br /> --�`�"'-��'���� other Iien or encumbrance upon the Properry;
<br /> -'-�_�rs� (c)A writ of execution or attachment or any similer process shall be entered agalnst Trustor which shell become a Ilen on
<br /> � the Properiy or eny portion thereof or Interest thereln;
<br /> (d)There shall be filed by or against Trustor or Borrower en action under any present or future federal,state or other statute,
<br /> '-"� lew or regulatlon reiating to bankruptcy,inaolven�y or other rAllef for debtoro,or there shall be appolnted eny trustee,roceiver or
<br /> -""''�`�"�� Ilquidator of Trustor or Borrower or of all or any part of the Property,or the rents,Issues or proflts thereof,or Trustcx or Borrow�r
<br /> "�`-�"'�'� shall make any genaral assignment for the benefit of creditors;
<br /> �_;:,LLi�;;,,��� (e) The sale, transfer,lease, assignment, conveyance or further encumbranca of all or any part ot or eny in,erest In tho
<br /> �°��;y� Property,elther voluntarily or Involunterily,w(thout the express written cc�nsent of Lender;provlded that Trustor shall be permit-
<br /> :__±��y;� ted to execute a lease of the Property that does not contein an optlon to purchase and the tenn of which does not exceed ane
<br />-=°�t�,. year;
<br /> _ T1��`�'"� (�Abandanment of the Property;or
<br /> �� (g) If Trustor is not an Individual,the issuance,sale,transfer,essignment,conveyance or encumbrence of more than((f a
<br /> ��^��?•'�T� corporation)a totel oi percent of Its issued and outstanding stock,or pf a partnership)a total oi per-
<br /> '��"��= cent of partnership Interests,or(If e Iimited Ilability company)a�totel of percent of the Iimited I�ab(Iity ccmpa•
<br />;:►)s°��Q• ny Interests or voting rights during the perlod this Deed of Truat remalns a Ilen on the property.
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<br />=.�':� , , 12.R�medl�s;Accaleration Upon Default,In the event of any Event of Detoult Lender may,without notice except as requlr
<br /> _ ':'�';'^` by law,declare ali Indabtedness secured hereby to be due end payable and the same shallthereupon bRCOme due and payable with-
<br /> � , out any presentment,demend,protest or notice of eny kind.Thereefter Lender may:
<br /> (a)Demand that Trustee exercise the POWER OF SALE granted hereln,and Tastee shall thoreafter cause Trustor's Inter•
<br />- ' est In the Property to be sold end the proceeds to be�Istributed,all In the manner provided In lhe Nebraska Trust Deeds Act;
<br /> �. � (b) Exercise any and all rights provided for in any of the Loan Instruments or by law upon occurrence of any Event oi
<br /> Default and
<br /> i'4 (c)Commence an action to foreclose this Deed of Trust as a mortgage,appoint a receiver,or specifically onforce any of the
<br /> ' � covenants hereof.
<br /> }�� No remedy herein conferred upon or reserved to Trustee or Lender Is Intended to be exclusive oi any other remedy herein,in tho Loan
<br /> Instruments or by law provided or permitted,but each shall be cumulative,shall be in edditbn to every other remedy given hereunder,
<br /> ,<,: � in the Loan Instruments or now or hereafter existing at law or In equity or by statute,and may be oxercfsed concurrentiy,independently
<br /> t or succesively.
<br /> : � r _____, 13wTru�stee.ThefTru r.e Ap�h II�ntbo Ilablato ainv Dartv Snc udingewthoutaymftetlon�LonderaBotrrowe�l'rustoro(any purG-
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<br /> chaser oi[he Properly,for any loss or dameQe unless due to reckless or wlllful misconduct,end shall not be requirea to taice any e�iion
<br /> (n connectlon with the enforcernent of this Deed of Trust unless indemnlfied,ln writing,for all cosls,compensation or expenses which
<br /> may be associatod therewith. In addltion,Trustee may become a purchaser at any sale of the Proporty Qudiclal or under the power of
<br /> sale granted hereln);postpone the sale of all or any portion of the Property,as provlded by lew;or sell the Property as a whole,or In
<br /> separate parcels or lots at Trustee's discretlon.
<br /> 14.Fees and Ezpenses.In tha event Trustee sells tho Property by exerclse oi power of sale,7rustee shall be entitled to apply
<br /> any sale proceeds first to payment of ell costs and expenses of exerclsing power oi sale, including all Trustee's fee�,and Lendor's and
<br /> Trusloe's attomoy's fees, actually Incurred to extent permitted by e�pllcable law.In the ovent 8orrower or Trustor exorclses any right
<br /> , provldod by law to curo en Event of Detault,Lendsr shall be entilled to recover from Trustor all c;osts and ex�nsos actually Incurred as
<br /> a result ot 1'rustor's default,Including without Iimltatlon all Trustes's and attorney's foes,to the extent permitted by appllcable law.
<br /> 15. Future Advancea. Upon request of Borrower,Lender may, at Its option, mako addilional and future advances and read-
<br /> vancas to B�rrowar.Such advances and readvances,wlth interest thereon,shall be secu red by lhis Deod of Trust.At no time shall the
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