��14�77��
<br /> DEEI3��F TRUST �
<br /> Lvan N�: '1��2g�369 ���nt�nued� Page �
<br /> FIJTURE ADVANGES. In addition t❑�he Nofie,�his ❑eed a�Trust secures a!I fufiure ad�ances made by Lender tv Trustvr
<br /> whether or not�he ad�ances are made pursuant fiv a commitment. Speci�ically, withaut limitation, this I]eed af Trust
<br /> secures, in addition �v fihe amaun�s speci�ied in the No�e, all #u�ure amaunts Lender in its discre�ivn may l�an t❑
<br /> . Trusta�-,�oge-�her w�th all inter�st thereon.
<br /> Trusfior present[y assigns to Lender �a�sv knov+�n as 6ene�iciary in �his Deed �� Trust� all o� Trusto�'s right, title, and
<br /> interest in and �o afl present and future leases of the Proper�y and all Rents from the Property. ln additian, Trusfia�-
<br /> gran�s�o Lender a Uni�orm Commercial Code securi�y in�erest in fihe Personal Property and Ren�s. � ,
<br /> TH15 DEED �F TRUST, lNCLUD�NG THE ASSfGNMENT �F RENTS AN�]THE SECURITY INTEREST 1N THE RENTS AND
<br /> PERS�NAL PRDPERTY, 15 G[VEN T� SECLJRE {A} PAY�IrIENT �F THE INDEBTEDNESS ►4ND {B} RERFQR1�lANCE aF
<br /> ANY AND ALL �BL1GATt�NS UNDER THE N�TE, THE RELATE❑ D�CUMENTS, AN� TH�S DEE❑ �F TRUST.. THIS
<br /> ❑EED �F TRL]ST, 1NCLUD�NG THE A5SIGNMENT �F RENTS AND THE SECURITY INTEREST IN THE RENTS AND
<br /> PERS�NAL PRDPERTY, IS ALS� GIVEN T� SECURE ANY AN❑ ALL �F TRUST�R'S �gLIGAT��NS UNDER THAT
<br /> CERTAIN �aNSTRUCTI�N LDAN AGREEMENT BET1rIlEEN TRUST�R AND LENI]ER �F EVEN DATE HEREWITH. ANY
<br /> EVENT QF DEFAULT UNDER THE C�NSTRUCT�nN L�AN AGREEMENT, �R ANY �F THE RELATE❑ D�CUMENTS
<br /> REFERRED T� THERElN, SHALL ALS� BE AN EVENT �F DEFAULT UNDER TH15 DEE❑ DF TRUST. THIS DEED aF
<br /> TRUST 15 GIVEN AND ACCEPTED�N THE F�LL�WENG TERMS:
<br /> PAYMENT AND PERF�RMANCE. Except as vtherwise pra�ided in this I3eed of Trust, Trustvr shalf pay �❑ Lender a[I
<br /> am�un�s secu�-ed by this ❑eed vf Trus� as they becvme due, and shall strictfy and in a �imely manner perfvrm all vf
<br /> Trustor`s abligations und��-the No�e,this ❑eed of Trust, and�he ReEated Dacuments.
<br /> C�NSTRUCTI�N M�RTGAGE. This ❑eed �� Trus�k is a "construction mortgage" �or the purposes o� 5ec�ions 9--334. ;
<br /> and �A-3�9 af the Uniform Commerciaf Code, as those sections ha�e been adopted by the Sfiate of Nebraska.
<br /> PD5SES5i�N AN❑ MAtNTENANCE �F THE PR�PERTY. Trustor agrees �ha� Trustor's possessian and use vf the ,
<br /> Prvperty shall be governed by the�ollvw�ng provisians:
<br /> Possessivn and Use, Until �he ❑�Gurrence o-� an EWent o� De�aul�, Trus�or may ��� remain in p�ssession and �
<br /> . con�rol❑f�he Praperty; �2� use, ❑pera�e o�-manage�he Property; and {3} cvllect�he Rents frvm the Prvperty.
<br /> Du�y to Ma�nfain. Trustvr shafl main�ain the Property in tenantab[e �ondition and promptly perform all repaErs,
<br /> replacements, and maintenan�e necessary to preser�e i�s vafue.
<br /> CompC`rance Wi�h Environmen�al Laws, Trustar represen�s and warrants�❑.Lender�hat: {"I} ❑uring th� period of
<br /> Trusto�-'s vwnership of the Property,�here has heen na use, generatian, manufacfiure, sfivrage,�reatment, dispasal, �
<br /> release or threa�ened release o� any Hazardous 5ubstance by any person vn, under, abou� or �rom �khe Praperty;
<br /> ��� Trustar has n❑ knowledge of, o�- reason to belie�e�hat there has been, except as pre�iously dEsclosed �v and
<br /> acknow�edged by Lender �n writing, �a} any br�ach ❑r �iofati�n of any Environmen�al Laws, {}�} any use,
<br /> genera�kion, manufacture, s�orage, �reatment, d�sposaf, release or�h�-ea�ened release ❑� any Ha�ardous Subs�ance �
<br /> on, under, ab�u� ❑r �ram the Property by- any prior owners or occupants ❑f the Pr�p�rty, or {c} any acfival ❑r
<br /> threatened Eitiga�ian ar claims ❑f any kind by any person reEating to such m�atters; and {3� Except as pre�iausly
<br /> disclosed t❑ and acknow�edged by Lender in writing, �a} neither Trust�r nvr any tenan�k, cantractor, agenfi❑r other
<br /> authvrized user a�the Proper�y shall use, generate, manufacture, s�ore, treat, dispvse ❑f ar release any Hazardous
<br /> 5ubs�ance an, under, ahout ar frvm�he Property; and �b} any such aGtivity shall be c�nducted in compliance with
<br /> a[[ applicahie federal, state, and local laws, regulations and ordinances, including wi�hout (imita�ion aiE �
<br /> EnWironmen�ai Laws. Trustor authorizes Lender and its agents to enter upon the Property �ta make such
<br /> inspectivns and �ests, a� Trustor's expense, as Lender may deem appropria�e t❑ determine cvmpliance vf �he
<br /> � Proper�y with this section vf the ❑eed of Trust. Any inspections ❑�-�es�s made by Lender shall be �or Lender's
<br /> purposes vnly and shall no�be consfirued ta crea�e any respvnsibili�y❑r liability vn the part of L�nder��Trust�r or
<br /> �o any other persvn. The �-epresen�atians and warranfiies contained herein are based ❑n Trustvr's due diligence in
<br /> �n�estiga�ing �he Praperty #or Hazard�us Subs�ances. Trust�r herehy t�} releases and wai�es any future claEms
<br /> against Lender�or indemnity or contribut�on in the e�en� Trusto� becomes liabie for cleanup ar other casts under
<br /> any su�h laws; and ��} agrees tv indemnify, de�end, and hald harmless Lender agains�any and aIl ciaims, lasses,
<br /> liabi�iti�s, damages, penal�ies, and expenses which Lender may directly vr indirectly sustain vr su�Ffer�-esu�ting from
<br /> a i�rea�h flf this sec�ion ❑f the Deed of Trust �r as a consequence of any use, generativn, manufac�ure, s�vrage,
<br /> disposa[, release❑r�hrea�tened release❑ccurring privr to Trus�ar's�wnership or in�erest in the Property, whether or
<br /> � not the same was ❑r should ha�� been knarrvn to Trustor. The pro�is�vns o�this sectivn vf the ❑eed of Trust,
<br /> inc�uding�he vbliga�ian to ind�mni�y and de�end, shall sur�i�e the paymen�af the �ndeb�edness and the satis�ac��an .
<br /> and recon�eyance ❑f the I�en af this Deed a�Trust and shal�not}�e af�ected by Lend�r's acquisition of any interes�
<br /> in th�Property, whe�her by�areclosure ar otherwise.
<br /> NuisanGe, Wasfe. Trustor shalE nv� cause, conduct or permi�t any nu�san�e nor commit, permit, ar suf�er any �
<br /> s�ripping of ❑r was�e ❑n ❑r �❑ the Property ❑r any portion ❑f the Proper�y. Vllithout limifiing fihe generality ❑#�he
<br /> _ forego�n�, Trustvr will not remo�e. ❑r gran��o any❑ther party�he right t❑ remoWe, any�imbe�-, m�nerals {inc�uding
<br /> ail and gas�, cva�, clay,scoriar soil, gra�el or rock products without Lender's prior v►rritten cansent.
<br /> Remv�al o�Improvemen�s, Trustor shall not demo�ish ar rema��any Impra�ements from the Real Property without
<br /> . Lender's prior writ�en cans�nt. As a condi�i�n to the rema�aE❑f any lmproWements, L�nder may require Trusfior�o
<br /> make arrangements satis�a�tory �� Lender to replace such [mprovem�n�s wi�h Imp�ovemenfis of a� least �quai
<br /> Walue.
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