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2� 1 ���798
<br /> d. Lender will be ent�tEed to a recei�er ta take immediate poss�ssion of th� Pr�perty and al! rents,
<br /> issues, �rops, prafifs, �nd income fihereof, withvu� regard to �he ��lue af th� F'roperty, ar �h�
<br /> sufficien�y th�reof fiv discharge the trus� deed debt and the fare�[osure casts, fe�s, and expenses.
<br /> Such recei�er may be immediately appoint�d by any cour� of cvmpet�nt jurisdic�ion upan ex parte
<br /> applicati�r�, notice being hereby expressly rrva���d and shall serve withou� bond if th� l�w arrvws. The
<br /> receEv�r w�Il apply al[ r�nts, issues, crap�, pr�fits, and rncome of th� Prvperty to k�ep the same in
<br /> govd r�p�ir and �ondition, pay al[ �a�ce�, renfis, fe�s, �harges, �nd assessmen�s, pay insurance
<br /> premiums nece�sary to keep the Property insured, pay�he�x�en���f the rec�ivership�nd attarney's
<br /> fees �n�urred by the recei�er, and apply the net pro�eeds tv the paymen� �f the Dbliga�ians secur�d
<br /> h�reby. Such receiver wil[ have a[l fh� ofiher usual p�wers of r�ceiv�r�s autharized by I�w and as �he
<br /> court rri�y direc�.
<br /> �. ln �he �v�nt Tru�t�r fails to pay any li�ns, judgm�nts, assessmen�s, �a�c�s, ren��, fee�, ar charge�
<br /> vr ma�nt�in any insuranG� �n the �raperty, building�, f��rtur�s, ��achments, ar improWements a�
<br /> provid�d herein or in the Loan D�cuments. L�nde�, at�ts opti�n, may make su�h �ayments ar pr�vid�
<br /> Insurance, maintenance, or repairs and any amounts paid therefor will become part af the �rincipal
<br /> �biiga�i�ns secur�d he�eby, be immediat�[y due and payahle and hear infierest a� th� d�fault ra�e
<br /> pra�ided in the La�n Documents fr�m �he da�e vf p�ym�nt unt�i p�id. The ad�an��m�nt �y Lender af
<br /> any su�h amaunfs wi�i in na manner limi�the right af Lender�a de�fare Trustor in default�r �xercise
<br /> any of Lender's ather rights and remedies.
<br /> f. In the event Lender is � �arty to any fifi�gation af�ecfing the Property a�this t�ust d�ed, in�fudin� any
<br /> a�tion �y Lender �a enfvrce fh�s �rust dee�l or �ny suifi in wn�ch L�nd�r is named a d�fendant
<br /> �including eminent domain and bankrup�cy proceeding�}, Lender m�y incur expenses an� ad��nce
<br /> payments for a�s�ract fees, att�rney's fe�s �ta th� ex�ent allawed by law}, casts, e�p�n�es, apprai�a[
<br /> fees, �nd o�her charges and any amounts sv advanced will become p�rt af the princ�pal �bligations
<br /> secured hereby, be immediately due and payabl� ar�d bear interes�a�the defaulf ra�e provrded in �he
<br /> L��n D�cuments fram th�date �f ad�ance until paid.
<br /> 8. D�lay by Lender �n ex�rcising �ts right� upon �efault will not b� �vns�rued as a w�i�er �he�-evf, and
<br /> any act of Lender wa��ing any specifiG de�au��wi[[ no� be cons�rued as a wa��er of any �uture defau�fi. lf
<br /> the praceeds under sate ar forecl�sure as ��t for�h ab��e are insuf�icienf�a pay �he ta�ai �bligati�ns
<br /> se�ur�d hereby, Len�er wi[[ be entitled ��� defici�ncy judgmenf.
<br /> 9. Any awards made �a Trustar ❑r �heir successar� by the exer�i�e af em�nent domain are hereby
<br /> assigned t� Lender; and Lender is h�reby authoriz�d �o collecf and �pply the same in �aymen� vf�ny
<br /> indebtedn�ss, matured ❑r un-ma�u�ed, secur�d by this �rust de�d. Trusfvr shall immediately notify
<br /> Lender o�any aGt�vn in �minent damain. �
<br /> '1 Q.This tru��deed c�nstitutes a s�Guri�y�gre�ment with r�spect t� al!th� Property d�scribed her�in.
<br /> 'I'I. N� r�m�dy herern �anferred upQn ar reserved �o Trustee �� Benef ciary i� intended tv be exclusive
<br /> of any o�her remedy herein ar by lav�r pravided or permit�ed, bu� each �vi[I b� cumulati�e, vvi[[ be in
<br /> add�fion t❑ ev�ry other remedy gi�en hereunder or now ar hereaft�r �a�isfiing at law �r in equ�ty ar by
<br /> statute, �nd may �e e��rci�ed con�urrently, indep�ndently ar succ�ssi�ely.
<br /> �2. Trusfi�r acknawled�e� that the du�ies and obligat�ons of Trus��� will be determ�n�d salely by the
<br /> express provi�ions af thi� trust de�d or th� Nebraska Trust D�eds AG� and Tru�tee will n�� be liabie
<br /> excep� �or th� performance of �u�h duties and obCi�afians as are spe�ifically set forth th�re�n, and nv
<br /> impiied ca�r�nan�s ar obliga�ions will be irr�pased upon Trustee; Trustee wi�I n�t be fiabl�far any ac�ior�
<br /> by it �r� g�od fa�th and re��onably b�l'r�ved by it ta b� �uthorized �� wr�hin �he discr��ion or righ�s af
<br /> �vw�r�canferred upon it by this trust de�d vr stafe I�w.
<br /> '�3. The co�er�anfs contained in fhi� trus� deed will be deemed ta �� s�verable; in the ���nt tha� any
<br /> por�ion o�this t�ust deed is determined t� be va�id or unenforc�able, tha�d�f�rmina�ian will not affec��he
<br /> va��dity af the remaining p�rtions�f the trus�deed.
<br /> 74. Trustar h�reby reque��s � �op� of�ny notic� of d�f�uE�or n�t�ce af��fe hereunder�o b� mailed by
<br /> cert�fi�d mail to Trustor�t the addre�s s��forth herein.
<br /> 'I�. A[I nnti�es, reques�s and demands to or upan fhe respeGti�e park�es here�o tv be eff�c�i�e sha�� b�
<br /> in writEng and, unless �thenrvise expr�ssly pr�vided here�n, shall be deem�d to ha�� been duly gi�en �r�
<br /> made wh�n delivered I�y hand, or thre� days after bein� deposited �n the mail, pasta�e prepaid, or, in
<br /> the case �f�eli��ry �y � national�y reca�gnize�l overni�ht cvuri�r, when r�ceived, addressed �o vne o�-
<br /> m�re �f the individuals �xe�u�in� thi�trus�deed on b�half a�f such p�rty a�the add�ess sef farth aba�e,
<br /> ar to such afihe�-address as such party may designate fvr[tself ay Cike not[c�.
<br /> 'IG. Trusfar shal! pr�mptly p�vv�de ar�dlor e�ecute and defiver �a Lender such further instruments,
<br /> includ�ng, bu� nv� iimi��d to, martgages, d�eds of �rusfi, secur�ty agreements, fin�ncing stat�men�s,
<br /> App#:53����6; CIF#: 136295; N�te#:30�42�1 ��aKS Legal❑vc.D�t�:February�,��1�
<br /> F��llll 5��1,Trust Qeed and Assi�nment of Rents Page fi af 8
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