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<br />otherwise collect the rents, issues, crops, profits, and income thereof, including those past due and
<br />unpaid, and apply the same upon any Obligations secured hereby or in the Loan Documents.
<br />d. Lender will be entitled to a receiver to take immediate possession of the Property and all rents,
<br />issues, crops, profits, and income thereof, without regard to the value of the Property, or the
<br />sufficiency thereof to discharge the trust deed debt and the foreclosure costs, fees, and expenses.
<br />Such receiver may be immediately appointed by any court of competent jurisdiction upon ex parte
<br />application, notice being hereby expressly waived and shall serve without bond if the law allows. The
<br />receiver will apply all rents, issues, crops, profits, and income of the Property to keep the same in
<br />good repair and condition, pay all taxes, rents, fees, charges, and assessments, pay insurance
<br />premiums necessary to keep the Property insured, pay the expense of the receivership and attorney's
<br />fees incurred by the receiver, and apply the net proceeds to the payment of the Obligations secured
<br />hereby. Such receiver will have all the other usual powers of receivers authorized by law and as the
<br />court may direct.
<br />e. In the event Trustor fails to pay any liens, judgments, assessments, taxes, rents, fees, or charges
<br />or maintain any insurance on the Property, buildings, fixtures, attachments, or improvements as
<br />provided herein or in the Loan Documents. Lender, at its option, may make such payments or provide
<br />insurance, maintenance, or repairs and any amounts paid therefor will become part of the principal
<br />Obligations secured hereby, be immediately due and payable and bear interest at the default rate
<br />provided in the Loan Documents from the date of payment until paid. The advancement by Lender of
<br />any such amounts will in no manner limit the right of Lender to declare Trustor in default or exercise
<br />any of Lender's other rights and remedies.
<br />f. In the event Lender is a party to any litigation affecting the Property or this trust deed, including any
<br />action by Lender to enforce this trust deed or any suit in which Lender is named a defendant
<br />(including eminent domain and bankruptcy proceedings), Lender may incur expenses and advance
<br />payments for abstract fees, attorney's fees (to the extent allowed by law), costs, expenses, appraisal
<br />fees, and other charges and any amounts so advanced will become part of the principal Obligations
<br />secured hereby, be immediately due and payable and bear interest at the default rate provided in the
<br />Loan Documents from the date of advance until paid.
<br />8. Delay by Lender in exercising its rights upon default will not be construed as a waiver thereof, and
<br />any act of Lender waiving any specific default will not be construed as a waiver of any future default. If
<br />the proceeds under sale or foreclosure as set forth above are insufficient to pay the total Obligations
<br />secured hereby, Lender will be entitled to a deficiency judgment.
<br />9. Any awards made to Trustor or their successors by the exercise of eminent domain are hereby
<br />assigned to Lender; and Lender is hereby authorized to collect and apply the same in payment of any
<br />indebtedness, matured or un- matured, secured by this trust deed. Trustor shall immediately notify
<br />Lender of any action in eminent domain.
<br />10. This trust deed constitutes a security agreement with respect to all the Property described herein.
<br />11. No remedy herein conferred upon or reserved to Trustee or Beneficiary is intended to be exclusive
<br />of any other remedy herein or by law provided or permitted, but each will be cumulative, will be in
<br />addition to every other remedy given hereunder or now or hereafter existing at law or in equity or by
<br />statute, and may be exercised concurrently, independently or successively.
<br />12. Trustor acknowledges that the duties and obligations of Trustee will be determined solely by the
<br />express provisions of this trust deed or the Nebraska Trust Deeds Act and Trustee will not be liable
<br />except for the performance of such duties and obligations as are specifically set forth therein, and no
<br />implied covenants or obligations will be imposed upon Trustee; Trustee will not be liable for any action
<br />by it in good faith and reasonably believed by it to be authorized or within the discretion or rights of
<br />powers conferred upon it by this trust deed or state law.
<br />13. The covenants contained in this trust deed will be deemed to be severable; in the event that any
<br />portion of this trust deed is determined to be void or unenforceable, that determination will not affect the
<br />validity of the remaining portions of the trust deed.
<br />14. Trustor hereby requests a copy of any notice of default or notice of sale hereunder to be mailed by
<br />certified mail to Trustor at the address set forth herein.
<br />15. All notices, requests and demands to or upon the respective parties hereto to be effective shall be
<br />in writing and, unless otherwise expressly provided herein, shall be deemed to have been duly given or
<br />made when delivered by hand, or three days after being deposited in the mail, postage prepaid, or, in
<br />the case of delivery by a nationally recognized overnight courier, when received, addressed to one or
<br />more of the individuals executing this trust deed on behalf of such party at the address set forth above,
<br />or to such other address as such party may designate for itself by like notice.
<br />App #: 5344252; CIF #: 177860; Note #: 3001011 220KS Legal Doc. Date: December 14, 2015
<br />FORM 5011, Trust Deed and Assignment of Rents Page 6 of 8
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