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<br /> Leases, and the parties subject to .the Leases ha�e-nvt �i�lated any applicable !aw vn leases,� �
<br /> - licenses an� landlords and tenants. � . � - �
<br />. �5, DEED �F .TRUST CQVENANTS: �ranta� agrees that the co�enants in this Security . .
<br /> � �nstrument are material obligations under the Secured Debts and this Security lnstrum,ent. If
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<br /> Grantar breaches any co�enant� in this SecurEty lnstrument, Lender may refuse_tv make �
<br /> � � additi�nal extensivns of credit or may reduce the�credit limit.. By nat exercising either remedy
<br /> an �rantar's breach,�Lender daes not wai�e Lender's �ight to later consider the ��ent a breach
<br /> if it happens again. . �
<br /> '16. DEFAULT. .Grantor will be in defau[t if any af the fallo►rving e�ents {kno►n►n se�arately and . -
<br /> cvilecti�ely as an E�ent of Default� occur: . � �
<br /> A. .Fraud. ��antor engages in fraud or material misrepres�ntation in_ cannectian with the .
<br /> Secured Debts. � � �
<br /> � - B. Payments. Any party vbligated an the Secur,ed Debts fails to make a payment ►rvhen due.
<br /> . , C. Property. Any,. action vr inacti�n v��urs that ad�ersely affects the Property�or Lender's
<br /> . r�ghts in the Property. - . � � ,� . -
<br /> '17. REMEDIES ON aEFAULT. �n addition to any other remedy a�ailable under the terms of this - -
<br /> �� Security Enstrument, Lender may, accelerate the Secured Debts and foreclase�this Security �
<br /> instrument in a manner.pro�ided hy la►rv �f Grantar is in defauft. !n som� �nstances, federaf and�
<br /> � state law�will require Lender-to pro�ide Grantar with natice ❑f the right ta cure, or ather notices
<br /> and may estab[ish time schedu�es for fore�[osure actions, �
<br /> At the optian of Lender, al� ar any part �f the agreed fees and �harges, accrued interest and � .
<br /> � principal 'wiii bec�me �mmed�ately .due,and payab[e, after gi�ing notice if required�by law, upon
<br /> the occurren�e of an E�ent of Defauft or anytime thereafter. Lender wil! be entit�ed to, without
<br />� " limitatian, the�p�wer to sel[ the Property. ` � . �- -
<br /> �f there �s an occurrenc� vf an E�ent of Default, Trustee wi�l,�at-the request vf Lender, ad�ertise.
<br /> and se�E the Pr�perty �as a whoEe or i'n separate parcefs at public auction to the highest b�dder far - �
<br /> � cash. Trustee wil� gi�e notice of sale inc[uding -the_time, terms and place af sale and a
<br /> � - descriptian of the�Pro�srty to be sold as requ�red by applicahle la►rv in effect at the time of the
<br /> pr�posed sale. - .
<br /> � Upon sale of the Property and ta the extent not prahibited by �aw and after first pay�ng ail fees,
<br /> charg�s and costs, Trustee w�l� pay to Lender a[I mvneys ad�anced for repairs, taxes,
<br /> - insurance, lEens, assessments and privr encumbrances and �nterest thereon, and the.principa�
<br /> �� and interest on the Secured Debts, paying the surplus, if,any, as required by law. Lender may .
<br /> - .. purchase.the Prvperty. Upon any sale of the Property, Trustee wi�l make and delr��r a trustee's�
<br /> deed that con�eys al1 right, title and interest to the Prvperty that was svld t� the purchaser�s�.
<br /> - � The recitals in any deed of con�eyan�e w�[I be prima facie e�idence of the facts set farth � � .
<br /> � therein�. � � - � � �
<br /> Th� accepta�n�e by Lender of any sum in payment or partia� payment vn the Secured De�ts
<br /> . � - after the �a[ance is�due or is acce�erated or after f�rec[osure proceedings are fiied will nvt � _,
<br /> canstitute a wai�er of L"ender's�right t� requir� camplete cure of any ;existing defau'It, By not�
<br /> exerc�sing any remedy an �rantor's default, Lender dves nat-wai�e Lender's right ta �ater
<br /> consider the.e�ent a� default if it happens again. �
<br /> '18. EXPENSES; ADVANCES �N �aVENANTS; ►4TT�RNEYS'- FEES: �C�LLE�TI�N C�STS. lf '
<br /> ' Grant�r .brea�hes any co�enant in this Security .Instrument, Crant�r agrees.to pay all expenses
<br /> Lender �ncurs in per.forming such co�enants or prot�ct�ng its security interest in the Property.
<br /> � Such expenses include, -but are not [imited� ta, fees .incurred for �nspecting, �aluating, ..
<br /> � apprais�ng, preser�ing, or otherwise protecting the Praperty and Lender's secur�ty interest. �
<br /> Grantor agrees tv pay a!I cvsts and expenses incurred by L�nder in cvlle�ting, enfarcing, or �
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<br />� - . pratectirig Lender's rights and remedies under this Security lnstrument or any other document �
<br /> re�ating to the Secured�Debts. Expenses include, hut are nvt limit�d ta, attvrneys' fees, court
<br /> � costs .and �ther lega! expenses. These expenses are payahle vn demand and�w�[[ bear��interest
<br /> from the�date af payment until pa�d in full at�the h�ghest interest rate in effect as prv�ided f�r in
<br /> the -terms af 5ecure� �Debts. [n addition, tv the extent permitted by the United 5tates �
<br /> ,�
<br /> . Bankruptcy Code, G�antor agrees tv pay the reasonable attorneys' fees�incurred by Lender ta �
<br /> � � - protect Len°der's rights and interests in connectian with any bankruptcy proceed�ngs�=initiated by - . � � _ �
<br /> r" or against Grantvr. This Security Enstrument will �remain in effect unt�l�rele�ased. Grantvr agr.ees � - . .
<br /> to pay for any reca�'rdativn c�sts af such release. .
<br /> �9. ENVIR�Nl1�lENTAL L►4WS AND HAZARD�US SUBSTAN�ES. As used in this section, {1 y �
<br /> En�ironmentai Law means, ►rvithvut limEtation,� the �omprehensi�e En�ironmenta� Response, -
<br /> � - Gvmpensatian and L�ability Act �CERCLA, 42 U.S,.�. 960� et seq.�, aI[ other federal, state and .
<br /> Ioca� Iaws. reguiativns. ardinan�es. court orders..attorney gene�a� ❑p�nivns or.interpreti�e Eetters _ -. : �
<br /> - � concerning the public health, safety, welfare, en�iranment or.a hazardous substance; and �2y
<br /> . - Hazardaus Substance means any t�xic, radioa�ti�e or hazardous material, waste, polEutant or �
<br /> � LUTHER C BIGGS - � •
<br /> Nebraska❑eed❑f Trust - � _
<br /> NE14?CXGLASS6QQQOQQQaQ�96�5�3Z N 11Vo�ters Kluwer Financial 5er�ices�1996,2Q16 Bankers Page 4
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