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<br /> DEE�3 DF TRUST
<br /> Laan No: '1 D'l�g�3�3 {���11t�nu�d} Page �
<br /> F!]TURE ADVANCES. In addition to fihe Note,this Deed of Trus�secures all future ad�ances made by Lender to Trusto�-
<br /> whefiher o�- nat�he:ad�ances are made pursuant to a cammitment. Specifically, without limitation, �this Deed of Trusfi
<br /> secures, in addition to the amounts specified in �h� Note, a�� future amounts Lender in its discretion may loan ta
<br /> Trustor,together with all infieresfi the�-eon.
<br /> Trustor presentfy assigns �o Lender �alsa known as Beneficiary in �h�s ❑eed of Trust} a[l of Trustar's righ#, ��tle, and
<br /> interest in and �v alI present and �uture leases ❑f the Property and aI� Rents fram the Property. ln addi�ion, T�us�or `
<br /> grants�o Lender a �nif�rm Commercial Cvde security interesfi in the Personal Property and Rents.
<br /> TH1S DEE❑ �F TRUST, IN�LUDING THE A551GNMENT DF RENTS ANa THE SECURITY INTEREST 1N THE RENTS AND
<br /> PERS�NAL PR�PERTY, IS G1VEN Ta SECLIRE �A� PAYMENT ❑F THE INDEBTEDNE55 AND �B} RERFDRMANCE �F
<br /> ANY AND ALL �SLIGATI�NS UNDER THE N�TE, THE RELATED DDCUMENTS, ANI� TH15 DEED QF TR[JST. TH�S
<br /> ❑EEI] aF TRUST, 1N�LUDING THE AS5lGN11J1ENT QF RENTS AND THE SECUR�TY INTEREST !N THE RENTS AND
<br /> PERS�NAL PR�PERTY, �5 ALS� GIVEN TD SECURE ANY AND ALL �F TRUST�R'S ❑BLIGAT1nN5 UNDER THAT
<br /> CERTAIN C�NSTRUCTI�N L�AN AGREEMENT�BETWEEN TRUSTDR AND LENDER �F EVEN DATE HEREWITH. ANY
<br /> EVENT DF DEFAULT UNDER THE C�NSTRUCTIDN LQAN AGREEMENT, �R ANY �F THE RELATED DDCUMENTS
<br /> REFERRED T� THERElN, SHALL AL5❑ BE AN EVENT ❑F �]EFAULT UNDER TH15 DEED �F TRUST. TH�S DEED DF
<br /> TRUST 1S GIVEN AND ACCEPTE❑❑N THE FaLL�V�IN�TERN[5:
<br /> PAYMENT AND PERFDRMANGE, Excep� as o�herwis� pro�ided in �his Deed of Trust, Trustor shal! pay ta L�nder aIE
<br /> amvunts secured by this Deed o� Trust as fihey bec�me due, and shall st��ct[y and in a time�y manner perf�rm alE ❑f �
<br /> Trus�tor's vlaliga'kivns under the Note,this Deed o�Trust, and the Rela�ed Documents. �
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<br /> C�NSTRUCT��N M�RTGAGE. This Deed ❑f Trus� is a "cvnstruct�on mo�tgage" for the purpases vf 5ections 9-334
<br /> and 2A--3�9 0�fihe Unifarm Commer�ial �ode, as those sections ha�e 1�een adop�ed by the State❑�Neb�raska. �
<br /> PD55ESSlON AN❑ MAINTENANCE QF THE PR�PERTY. Trustor agrees that Trustvr's possession and use of �he
<br /> Prvperty shall be governed by the�ol�owing pro�isions:
<br /> Possession and Use. Until the ❑ccurrence of an E�ent �f Defau�t, Trus�vr may �1} remain in possession and
<br /> control❑f�he Praperty; {2} use,aperate❑r manage th� Property; and �3} collect the Ren�s from�he Property.
<br /> Duty #o Main#ain. Trusfior shafl �maintain the Property in tenantable cand�tian and prompfily per�v�m all repairs,
<br /> replacemen�s, and main�enance ne�essary�❑preser�e its value. ;
<br /> Gompliance V1Ji�h En►rirvnmental Laws. Trus�or represen�s and warrants to�Lender that: {1} During the period ❑�
<br /> Trustor's ownership❑�the Property,�there has been no use, gene�afiian, manufa��ure, storage,treatm�nt, dispasaf, �
<br /> release ❑r�hreatened reiease vf any Ha�ardous 5ubstance by any persan on, under, about or #�-om the P�-vperty;
<br /> {2� Trusto� has na know[edge �f, or reason t❑ belie�e that there has been, except as pre�iousEy discios�d �a and
<br /> acknaw�edged by Lender in wri�ing, �a} any breach vr �ialation of any En�i�-onmental Laws, {b� any us�,
<br /> genera�ian, manu#ac�ure, sfi�rage, t�ea�ment, disposal, �-elease ❑r-khrea�ened �eleas� of any Hazardvus Substance
<br /> on, under, abvu� or fram the Praperty by any prior ❑wners or �ccupants v� fihe Property, ❑r 4c� any actual or
<br /> threatened �i�igativn or claims ❑f any k�nd by any pers�n re�ating ta such mat��rs; and �3y Ex�ept as pre�iausly �
<br /> disclased tv and acl�nvwledged by�L�nder in wri�ing, {a} neither Trustar nor any tenan�, cvntrac�or, agen�ar other
<br /> authv�ized user�f the Praperty shal� use, generate, manu#acture, sfiore, treat, dispose�f or release any Hazardous �
<br /> 5ubs�ance on, und�r, abvut vr frvm the Praperty; and �b} any such ac-�i�ity shal� 1ae conducted in �nmpliance wi�h
<br /> a�E app�icab[e �ederal. state. and loca! laws. reguiafiivns and ❑rdinances, in�luding wEthou� limita�ion all
<br /> En�ironmen�a� Laws." Trus�or au�hvrizes Lender and i�s agents �t❑ enter upon the Prvperty to make su�h
<br /> inspections and �ests, at Trus�or's expense, as Lender may deem appropriate �v determine campliance af the
<br /> Praper�y with this secfiion ❑fi�he Deed �� Trus�. Any inspectEons ar tests made 1ay Lender sha�� be for Lender's '
<br /> purpvses only and shall no�be cansfirued to crea�e any responsibility or iiabiiity on�h� part vf Lender�a Trustor ar
<br /> to any ❑�ther person. The represen�a�ions and warran�ties contained herein are based �n T�ustvr's due diligence �n ;
<br /> ' in�es�igating the Proper�y far Haza�daus Suhstances. Trustor hereby �'t} releases and wai�es any futur� claims
<br /> against Lender fvr indemni�y ❑r con�ribution in �he e�ent Trustor becames iiable �vr cleanup or other costs under ;
<br /> any such laws; and �2� agr�es�❑ indemn��y, de�end, and hold harmfess Lender against any and all claims, I�S5e5r
<br /> liabi[i�ies, damages, penalties, and expenses which Lend�r may direct[y or indirectly sustain vr su�fer resul�ing�ram
<br /> a �reach vf�his sec�kion ❑f the Deed o�Trust ❑r as a �onsequence vf any use, gene�-atian, manufactur�, stvrage, ;
<br /> d�sposal, releas�ar threafiened re[ease❑ccurring pr�or�o Trustor's ownership❑�-interest tn the Praperty,whe�her or �
<br /> not �he same was vr shou�d ha�e been known t❑ Trusfior. The pro�isians of�his sec�ivn of the De�d ❑f T�ust,
<br /> including the nbiigation to indemnify and defiend,shaii sur�i�e�he payment❑f the lndeb�tedness and the satisfaction �
<br /> and recon�eyance�f the lien ❑f this Deed af Trus�and shaEl na�be a€�ecfied by Lend�r's a�quisi�ian o�any interest
<br /> in the Prope�ty, whether by fareclosure ar❑�herwise.
<br /> Nuisance, Vllas�e. Trustor shall nvt cause, cvnduct ❑r permi� any nuisance nor commi�, permit, ar suffer any
<br /> stripping ❑f or waste on vr fio the Prvperty ar any portion ❑#the Property. Wi�hvut fimiting the generaiity ofi the
<br /> faregaing, Trustar will no�remove, vr gran�tv any❑ther party�he ri�ht�v remv�e, any timber. minerals {including
<br /> � ai� and gas}, coal, clay,scoria, soi[, gravei ar rv�k praducts with�ut Lender's pri�r wri�ten consent. -
<br /> �emoWal v�Impra�ements. Trustar shall nat demolish vr rema�e any lmpraWemen�s fram the Real Pr�per�y wi�haut
<br /> Lender's pri�r written cansent. As a cvnditivn tv�he rema�a!❑f any ImproWemenfis, Lender may require Trustor ta
<br /> make arrangemen�s sa�is�actory to Lender to repface such fmproW�ments with ImproWemenfis o� at leas� equal
<br /> �alue.
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