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200003356 <br />11. Condemnation. The proceeds of any award or payment or claim for damages, direct or consequential, in connection with any <br />condemnation or other taking of the Trust Property, or any part thereof, either temporarily or permanently, or for conveyance in lieu of or in <br />anticipation of condemnation, are hereby assigned to and shall be paid to Beneficiary. Trustor will file and prosecute, in good faith and with <br />due diligence, its claim for any such award or payment, and will cause the same to be collected and paid to Beneficiary, and should it fail to <br />do so, Trustor irrevocably authorizes and empowers Beneficiary, in the name of Trustor or otherwise, to file, prosecute, settle or compromise <br />any such claim and to collect, receive for and retain the proceeds. If the Trust Property is abandoned by Trustor, or, after notice by <br />Beneficiary to Trustor that the condemnor offers to make an award or settle a claim for damages, Trustor fails to respond to Beneficiary <br />within thirty (30) days after the date such notice is mailed, Beneficiary is authorized to collect and apply the proceeds in the manner indicated <br />herein. The proceeds of any award or claim may, after deducting all reasonable costs and expenses, including attorneys' fees, which may <br />have been incurred by Beneficiary in the collection thereof, at the sole discretion of Beneficiary, be released to Trustor, applied to restoration <br />of the Trust Property, or applied to the payment of the Obligations. Unless Beneficiary and Trustor otherwise agree in writing, any such <br />application of proceeds to the Note or Guaranty, as applicable, shall not extend or postpone the due date of any regular installments called <br />for thereunder or change the amount of any such installments. <br />12. Environmental Representations and Warranties; Indemnification; Inspection and Testing. Trustor represents and warrants that, except <br />as disclosed in writing to Beneficiary and except where Trustor has obtained the requisite local, state, and /or federal permits and approvals, <br />Trustor does not and will not generate nor have in its possession any hazardous or toxic wastes, chemicals or other substances, the <br />generation or possession of which are governed by local, state and /or environmental laws, ordinances, decrees, regulations and statutes <br />(hereinafter "Environmental Wastes "). Trustor further represents and warrants that it is not presently the subject of any environmental <br />inquiry, litigation, administrative proceeding or threat thereof by a governmental authority, and that Trustor shall promptly notify Beneficiary <br />of same if any of the foregoing does occur. Trustor also represents and warrants to Beneficiary that it is not subject to any judgment, decree, <br />order or citation relating to or arising out of a violation of local, state or federal environmental laws or regulations. Trustor shall also provide <br />Beneficiary when applicable with copies of all appropriate environmental permits and approvals. <br />Trustor warrants and represents that there are not now, nor to the Trustor's knowledge after reasonable investigation have there ever been <br />Environmental Wastes stored, deposited, treated, recycled or disposed of on, under, or at the Trust Property (including tanks or other <br />facilities thereon containing such materials), which materials or contained materials, if known to be present on the property or present in soils <br />or ground water, would require clean up, removal, or other remedial action under environmental laws. <br />Trustor will indemnify and hold harmless Beneficiary, its successors, assigns, employees, agents, parent, affiliates and subsidiaries, and each <br />of them, from any and all claims, suits, damages, liabilities and expenses arising out of or in connection with any alleged or actual pollution <br />or contamination of the ground, water or air of, on or near the Trust Property. <br />Beneficiary may at any time hire the services of an environmental consulting and /or testing company to inspect the Trust Property with the <br />costs thereof to be charged to Trustor. Trustor shall not rely on such inspection nor shall Trustor be relieved thereby of conducting its own <br />environmental audit or taking such other steps as are necessary to comply with environmental laws and regulations. <br />13. Trustor Not Released. Extension of the time for payment or modification of any amortizatiolfoof the Obligations granted by Beneficiary to <br />any successor in interest of Trustor shall not operate to release, in any manner, the liability of Trustor and Trustor's successors in interest. <br />Beneficiary shall not be required to commence proceedings against such successor or refuse to extend time for payment or otherwise modify <br />amortization of the Obligations by reason of any demand made by Trustor and Trustor's successors in interest. <br />14. Additional Covenants. In addition to any other covenants of Trustor made in any other agreement, instrument or document, Trustor <br />shall comply with the covenants set forth in any Rider attached and made a part of this Deed of Trust. <br />15. Schedule of Leases. Within ten (10) days after demand, Trustor shall furnish to Beneficiary a schedule, certified to by Trustor, setting <br />forth all leases of the Trust Property, or any portion thereof, including in each case, the name of the tenants or occupants, a description of <br />the space occupied by such tenant or occupant, the rental payable for such space, and such other information and documents with respect <br />to such leases and tenancies as Beneficiary may reasonably request. <br />16. Covenants of Trustor with Respect to Leases. Without the prior written consent of Beneficiary, Trustor shall not, directly or indirectly, <br />with respect to any lease of space in the Trust Property, or any portion thereof, whether such lease is now or hereafter in existence: <br />(a) Accept or permit any prepayment, discount or advance payment of rent hereunder in excess of one month, <br />(b) Cancel or terminate the same, or accept any cancellation, termination or surrender thereof, or permit any event to occur which would <br />occur thereunder to terminate or cancel the same, other than termination for nonpayment of rent, <br />(c) Amend or modify the same so as to reduce the term thereof, the rental payable thereunder, or to change any renewal provisions <br />therein contained, <br />(d) Waive any default thereunder or breach thereof, <br />(e) Give any consent, waiver or approval thereunder or take any other action in connection therewith, or with a lessee thereunder, which <br />would have the effect of impairing the value of the lessor's interest thereunder or the property subject thereto, or of impairing the <br />position of interest of Beneficiary therein, or <br />(f) Sell, assign, pledge, mortgage or otherwise dispose of, or encumber its interest in any said lease or any rents, issues, profits issuing <br />or arising thereunder. <br />17. Waiver of Statute of Limitations. Time is of the essence in a# of Trustor's obligations and duties hereunder, • and to the extent permitted <br />by law, Trustor waives all present or future statutes of limitation with respect to any debt, demand or obligation secured hereby and any <br />action or proceeding for the purpose of enforcing this Deed of Trust or any rights or remedies contained herein. <br />18. Assignment of Deposits. In the event construction of improvements is contemplated by the Obligations secured hereby, as additional <br />security therefor, Trustor hereby transfers and assigns to Beneficiary, all right, title and interest to any and all monies deposited by or on <br />behalf of Trustor with any city, county, public body or agency, sanitary district, utility company, and any other body or agency, for the <br />installation or to secure the installation of any utility by Trustor, pertaining to the Trust Property. <br />19. Organizational Existence. If Trustor is an organization organized under the laws of a state, it will do all things necessary to preserve its <br />existence and all rights and privileges under the laws of the state of its organization. <br />20. Forbearance by Beneficiary Not a Waiver. Any delay by Beneficiary in exercising any right or remedy hereunder, or otherwise afforded <br />by applicable law or equity, shall not be a waiver of or preclude the exercise of such right or remedy or of any other right or remedy granted <br />hereunder or at law or equity. The failure of the Beneficiary to exercise any option to accelerate maturity of the Obligations secured by this <br />Deed of Trust, the forbearance by the Beneficiary before or after the exercise of such option, or the withdrawal or abandonment of <br />proceedings provided for by this Deed of Trust shall not be a waiver of the right to exercise such option or to accelerate the maturity of such <br />Obligations by reason of any past, present or future event which would permit acceleration under the Section entitled "Acceleration of Debt; <br />Foreclosure" herein. The procurement of insurance, the payment of taxes or the discharge of liens or charges by Beneficiary shall not be a <br />waiver of Beneficiary's right to accelerate the maturity of the Obligations hereby secured. The Beneficiary's receipt of any awards, proceeds <br />or damages under the Section entitled "Hazard Insurance" and the Section entitled "Condemnation" herein shall not operate to cure or waive <br />default by the Trustor under the Section entitled "Events of Default" herein. <br />21. Remedies Cumulative. All remedies provided in this Deed of Trust are distinct and cumulative to any other right or remedy under this <br />Deed of Trust or afforded by law or equity, and may be exercised concurrently, independently or successively, and as often as the occasion <br />therefor arises. <br />22. Successors and Assigns Bound; Number; Gender; Joint and Several Liability, Captions. The covenants and agreements herein contained <br />shall bind, and the rights hereunder shall inure to, the respective heirs, legal representatives, successors and assigns of Beneficiary, Trustee, <br />and Trustor. Wherever used, the singular number shall include the plural, the plural the singular, and the use of any gender shall be applicable <br />to all genders. All covenants and agreements of Trustor shall be joint and several, provided, however, that if the Trustor is an individual, <br />nothing contained in this Deed of Trust shall in any way obligate a spouse of the Trustor to pay the Obligations unless such spouse also signs <br />the Note or the Guaranty. The captions and headings of the Sections of this Deed of Trust are for convenience only and are not to be used to <br />interpret or define the provisions hereof. <br />23. Notice. Except for any notice required under applicable law to be given in another manner, (a) any notice to Trustor provided for in this <br />Deed of Trust shall be given by mailing such notice by certified mail, return receipt requested addressed to Trustor at its mailing address set <br />forth above or at such other address as Trustor may designate by notice to Beneficiary as provided herein, and (b) any notice to Beneficiary <br />or Trustee shall be given by certified mail, return receipt requested, to Beneficiary's and Trustee's mailing address stated herein or to such <br />other address as Beneficiary or Trustee may designate by notice to Trustor as provided herein. Any notice provided for in this Deed of Trust <br />shall be deemed to have been given to Trustor, Beneficiary or Trustee when given in the manner designated herein. <br />24. Governing Law, Severability. This Deed of Trust shall be governed by the laws of the State of Nebraska. In the event any provision or <br />clause of this Deed of Trust conflicts with applicable law, such conflict shall not affect other provisions of this Deed of Trust which can be <br />given effect without the conflicting provisions and to this end the provisions of this Deed of Trust are declared to be severable. In the event <br />that any applicable law in effect on the date of the execution of this Deed of Trust limits the amount of interest or other items which may be <br />lawfully charged and is interpreted in a manner such that any payment provided for in this Deed of Trust or in the Note or the Guaranty <br />(whether considered separately or together with other payments that are considered a part of this Deed of Trust and this transaction) <br />violates such law, such payment is hereby reduced to the extent necessary to eliminate such violation if the Trustor is entitled to the benefit <br />of such law. <br />