Laserfiche WebLink
2� 1 ��342� <br /> DEED �F TF�UST <br /> Loan No: 'i��2939�� ��vntinued� Page � <br /> grants to Lender a Un�torm Cvmmercial C�de s�curi�y interest in the Per��nal Praperty and Rents. <br /> �HIS D�ED DF TRVST, IN�LUi]�NG T!-�E ASSIGNMENT �F RENTS AND THE SECURiTY 1NTEREST 1N THE RENTS AND <br /> PERS�NAL PRaPERTY, 1S GIVEN TQ SECURE {A� PAYIVIENr �F THE 1NDEBTEDNESS AND �6} PERF�RMANGE dF <br /> EA�H UF TRUST�R'S AGREEMENTS AND �BLIGATI�NS UNDER THIS DEED �F TRl]ST. TH15 DEED QF TRUST 15 <br /> �IVEN AND AC�ERTE❑�N THE F4LLDWING TERiViS: <br /> PAYMENT AND PERF�RMAN�E. Excep� as otherwise pro�ided in �his Deed vf Trust, Trus��r shall pay to Lender all <br /> amvunts secur�d by this ❑eed of Trust as they become due, and shall strictiy and in a timely manner per�orm all of <br /> Trust�r's❑bligations under the Credit Agreement,this Deed ❑f Trust, and the Related Dacuments. <br /> P�SSES5I�N AND 1111AINTENANCE �F THE PR�3PERTY. Trustar agr�es that Trustar's pvssession and use ❑f the <br /> Prop�rty shall be go�erned by the fo[fowing pra�isions; <br /> Poss�ssian and Use. EJntif the accurrence a� an E��n# o� De�aul�, Trustor may {�� remain in possession and <br /> controi v'�the Praper�y; {�y use, vperate❑r manage the Proper'ty; and {3} callect the Rents�rom�he Proper�y. <br /> Du�y to IVlaintain. Trust�r shall maintain the Property in good cvndition and promptfy per�arm all �epairs, <br /> replac�ments, and maintenance necessary to pres�rW� its�a�ue. <br /> Hazardous 5ubs�ances. Trus�or represents and warrants that the Praperty ne�er has been, and n��er will be so <br /> Eong as this ❑eed af Trust remaEns a lien on the Prvper�y, used �vr �he generatian, manufacture, s�orage, <br /> treatment, disposal, release or threatened release v� any Ha�ardaus 5ubstance in �ialation of any En�iranmental <br /> Laws. Trustor authori��s Lender and i�s agents t❑ enter upon�he Property ta make su�h inspections and tests as <br /> Lender may d�em apprvpriate to determine compliance o� the Property with this se�tian vf the ❑eed o� Trust. <br /> Trus�or hereby ��} releases and wai�es any�uture claims against Lender#ar indemni�y t�r cantributivn in th� e�ent <br /> Trustor becomes liabl� #vr cleanup or a�her costs under any such �aws, and (�} agr��s ta indemnify, de�end, and <br /> hold harmfess Lender against any and alf �laims and Iasses resulting fram a breach a�this paragraph of�he Deed❑� <br /> Trust. This obligation to Endemnify and de��nd shall sur�i�e the payment v�the [ndebtedness and the satis�aGtion <br /> af this Deed of Trus�. <br /> DUE�N SALE-C�NSENY BY LENDEFi. Lender may, at Lender's ❑ption, deciare immediately due and payabie all sums <br /> secured �y this Deed o�Trust upon the sale❑r�ransfer, withou�Lender's prior written cansent, o�a�l �r any pa�t af the <br /> Real Prvper�y, or any in�erest in the Real Prvperty, A "sale or�ransfer" means the con�eyance af Real Prvpe�ty or any <br /> right, title or in�erest in the Real Property; whether legal, beneficial or equitable; whe�her �viuntary or in�olun�ary; <br /> whether by ❑utright sale, deed, ins�allment sa�e cantra�t, land cvntract, contract ��r deed, leasehald interest with a <br /> term grea�er�han three {3y years, lease-vptian cvntract, vr by sale, assignment, or transfer of any bene�icial interes� in <br /> ar to any land trust hvlding �i�le tv the Real Proper�y, ar by any ❑the� methad of can�eyance v�an interest in �he Real <br /> Property. Howe�er, �his option sha[[ not be exercised by Lender i� sueh exercise is prohibi�ed by �ederal law ar �y <br /> Nebraska Eaw. <br /> TAXES AND LIENS. The follawEng pro�isions re[ating to �he �axes and liens vn the Praperty are part vf this Deed v� <br /> Trus�: <br /> Payme�t. Trustor shal� pay when du� {an� in a�!events prior�o delinquency� a[�taxes, special taxes, assessmentis, <br /> charges �in�luding wa�er and sewer}, fines and impasi�tivns le�ied against vr on account ❑f�he Property, and shall <br /> pay when due ail claims for work done vn or far ser�ices rendered or matarial furnished �o the Property. Trustor <br /> shall maintain the Praperty�ree❑f a�� liens haWing priarity ❑�er or equa!tv the in�erest of Lender und�r th�s Deed af <br /> �rus�, except �ar �he lien vf taxes and assessmen�s not due, except �or the Ex�sting lndebtedness re�erred �t� <br /> belvw, and�xcept as ❑�herwise pro�ided in�his ❑eed❑�Trust. <br /> PR�PERTY ❑AMAGE lNSURANCE. The tvllvwing prv�isEvns reia�ing �a insuring the Property are a part❑f this Deed af <br /> Trust. <br /> Main�enance ot Insurance. Trustor shal[ procure and ma�n�ain pa��cies of fire insurance w�th standard extended <br /> co�erage endorsements on a �air �alue basis �ar �he ful[ �nsurable �alue cv�ering all lmprv�ements on the Reai <br /> Prvper�y �n an amount suf#iGient to aWoid appli�ation o� any coinsurance clause, and with a standard m�rtgagee <br /> �lause in fa�or o�Lender, �ogether with such other hazard and liability insurance as Lender may reasonably require. <br /> Poiicies shall be written in farm, amaun�s, co�erages and basis reasonably ac�ep�ab�e to Lender and issued by a <br /> company ar companies reas�nably acc�ptable to Lender. Trustorr upon request of Lender� wiE� de[i�er ta Lender <br /> fram �ime ta time the policies or certifica�es of insurance in�orm satis#actary�o Lender, inc�uding stipulations that <br /> �v�erages will not be canceEled vr diminish�d without at least�en ���y days prior wri�ten nvtic� t� Lender. Each <br /> insurance poli�y also shall include an endorsem�nt pro�iding �hat co�erage in fa�or o� Lender wil� n�t be impaired <br /> in any way �y any act� omissian ar defau�t vf Trustar or any �ther person. Should the Rea! Proper�y be Io�a�ed in <br /> an area designa�ed by �he Adminis�rator vf the Federal Emergency Managem�nt Agency as a specia� �laad hazard <br /> area, Trus�or agr�es to vbtain and ma�ntain Federal Fiood Insurance, if a�ailable, for the maximum amaunt v� <br /> Trust�r's credit line �nd �he fufl unpaid principa� balance o� any �a�ior liens on the property securing the ioan, up to <br /> the maximum palicy�imi�s set under�he Nationa[ Flvod Insurance Pr�gram, ar as otherwise required �y Lender, and <br /> to masntatn su�h insura�c�#�r�he t�r�of�he 4flan. <br /> LENDER'S EXPENDITURES. !f Trustvr fails �Af t� k�ep �he Proper'�y �ree a# all ta�ces, liens, security interes�s, <br /> encumbrances, and ❑�her claims, �By tv pravide any �equired �nsuranG� on the Property, t�� tv make repairs t� the <br /> Praperty ar �a �amply with any obligat�on fio maintain Existing Indek��edn�ss in good s�anding as required below, then <br />