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2� 1 ��4199
<br /> �EED �F TRUST
<br /> Loan No: 'I�'I�964�8 ��or�tinued� Page �
<br /> TH�S DEED ❑F TRUST. INCLUDiNG THE ASSIGNNIENT �F RENTS AND THE SECURITY INTEREST�N THE RENTS AND
<br /> PERS�NAL PR�PERTY. [S GIVEN TD SECURE �A] PAYMENT �F THE INDEBTEDNESS AND �B} PERFC]RMANCE �F
<br /> ANY ANQ ALL OBLiGATI�NS UNDER THE N�TE, THE RELATE� ���UMENTS, AND TH�S DEED OF TRUST. TH�S
<br /> DEED�F TRUST 15 G�VEN AN❑►4CCEPTEQ ON THE F�LLaWliVG TERMS:
<br /> PQYMEIVT AND PERF�RMAN�E. Except as �therwise pra�ided in this Daed of Trust, Trustor shall pay ta Lender all
<br /> amounts secured by this Deed of Trust as they become due, and shall stri�tly and in a fimely manner perform all vf
<br /> Trustar's ob�igations under�h� Na�e, this Deed of Trust, and the Related Documenfis.
<br /> C�NSTFiUCT1aN MaRTGAGE. This ❑eed of Trust is a "construC�ivn mvrtgage" for the purpases of Sections J-334
<br /> and �A-309 af the Llnifarm C�mmercial Cvd�, as�h�se sections hav� been adopted by�he State of Nebraska.
<br /> P�5SE55��N AND MAINTENANCE ❑F THE PR�PERTY. Trustor agrees that Trustor's passessi�n and use a� the
<br /> Prvper�ty shall be go�erned by�h�fallowing pro�isi�ns:
<br /> Passession and Use. Until the occurren�e af an Ev�nt af D�fau[t, Trusfior may ��y remain in possessifln and
<br /> contrvl of the Proper�y; ��2� use, operate or manage the Pr�perty; and �3} callect the Rents from the Property.
<br /> Duty to iVlaintain. Trustor shall mainta�n the Property in good �onditivn and prvmptly per�form all repairs,
<br /> replacem�nts, and maint�nance necessary to preser�e its�a�u�.
<br /> Campliance With Env�ronmental Laws. Trustor represents and warrants tv Lender that: 41� During the period v�
<br /> Trustor's ownership o�the Praperty, there has been nv use, genera�i�n, manufacture, storage,treatment, dispvsal,
<br /> release or thr�afiened release vf any Hazardous Subs�ance by any person on, under, about ar from the Prop�rfiy;
<br /> �2� Trustor has nv knawledge a�, ar reason �o belie�e that there has heen, except as p�e�i�usly disclosed to and
<br /> acknvwled�ed by Lender �n wr�ting, �a} any brea�h o� �i�lation of any En�irvnmen�aE Lavus, �b� any use,
<br /> gensration, rnanufacture, st�rage, treatment, disposal, release vr threatened release of any Hazardous 5ubs�ance
<br /> on, un�er, a�aut or #rvm the Proper�y by any prior owners or occupanfis �f the Property, or �cy any actual or
<br /> threatened �itigation or claims of any kind by any person relating tv such matters; and �3� Except as pre�iausly
<br /> disc[ased to and acicn�wfed�ed by Lend�r in writing, �a} neither Trustor nor any tenant, cvntractor. agent ar vther
<br /> authori��d user���the Property shall use, generat�, manufa�tur�, stor�, �reat, dispose of or release any Ha2ardous
<br /> Substance on, under, a�aut ar fr�m�h� Praperty; and {b� any such acti�ity shall be condu�ted �n compliance wifih
<br /> all applicable fed�ral, s�at�, and local laws, regulations and �rdinances, including without limitation all
<br /> Env�ronm�n�al Laws. Trustor authorizes Lende� and its agents to ent�r upon the Property ta rnake such
<br /> inspec�ions and �ests, at Trust�r's expense, as Lend�r may deem appropriate to de�ermine compliance of the
<br /> Property with this s�ction of th� ❑eed of Trust. Any insp�ctions or �ests mad� by Lender shall b� for Lend�r`s
<br /> purpases only and shail nQt be canstrued �� create any responsibility vr I�ability on the part af Lender to Trustvr or
<br /> to any other person. The representations and warranti�s cvntained herein ar� based on Trustar's due d�iigence in
<br /> inWestigating the Property far Hazardous 5ubstances. Trustor hereby �1 y re[eases and waives any future �laims
<br /> against Lender for indemnity ar �ontri�ution in the e�ent Trustor becomes liable for c�eanup ar �ther cos�s under
<br /> any such laws; and ��� agrees t� indemni�y, defend, and hnld harmless Lender against any and a�l c[aims, Iasses,
<br /> liabilities, damages, penaE�ties, and�xp�nses whi�h Lender may dire�tly nr indirecfily sustain or suffer resulting from
<br /> a brea�h af this se�tion of the ❑eed of Trus� or as a consequence of any use, generati�n, manu�ac�ure, storag�,
<br /> disposal. r�lease ar thr�atened r�[ease occurring priar to Trustor's vwnership flr interest in the Proper�y, whether vr
<br /> n�t the same was or should haWe been known tv Trustor. Th� provisians ❑f this section o� the Deed af Trust,
<br /> including the abligafiion ta indemni�y and defend, shall surviWe�he payment of the Indeb�edness and the satisfaction
<br /> and re�on�eyance flf th� lien of this Dee� of Trus�and shall not be affected by L�nder's a�quisi�Evn of any in��rest
<br /> in the Property, whether�y fiorecl�sur�or otherwise.
<br /> Nuisance. VlJaste. Trustor sha[I not cause, �vnducfi or permit any nuisan�e n�r commit, permit, or suffer any
<br /> strippin� of or waste an or ta �he Prvperty or any pvrtion of the Properfiy. 11Vithvut limiting the generality vf the .
<br /> fore�oing, Trust�r wi�l not remo�e, or grant ta any other party the ri�hfi t� remove, any timber, min�rals �including
<br /> ai1 and gasj, caal, clay, scvria, soil, graWel �r rock products without Lender's prior written�onsent.
<br /> Rernoval of Imprarrer�ents, Trustor shall not demolish ar remove any Impro�ements fram the R�al Pr�perty vuithout
<br /> Lender's prior written G�nsent. As a condi�i�n to the r�ma�al of any Impro�ements, Lend�r may require Trustor ta
<br /> make arrangements satisfia�t�ry t� Lender �o replace such Impro�ements with lmprovements of at [east equal
<br /> valu�.
<br /> Lender's Righfi tv Enter, Lender and Lender's agenfis and repres�ntatives may enter upon the Real Prope�ty at all
<br /> r�asonable times to attend to Lender"s Ent�r�s�s and to insp�ct the Real Praperty for purpases ofi Trustor's
<br /> compliance with the te�ms and conditions ofi this De�d of Trus#.
<br /> Carnpliance wi#h G�vernm�ntal R�quiremenfis, Trus�or shalE promptly �omply with a�l laws. ordinances, and
<br /> regulations, n�w or hereafter in effect, �f all go�ernm�ntal authorities app[i�able to the use or occupancy of the
<br /> Property. Trus�or may�onfiest in good �Faith any such law, ordinanc�, vr regulatian and withhold �ompliance durin�
<br /> any proceeding. in�luding appropriate appeafs� so I�ng as Trustar has nv�if�ed Lender in wrEting privr to doing so
<br /> and so I�ng as, in Lender's s�l� opini�n, Lender's interests�n the Property are nof jeopardized. Lender rnay require
<br /> Trustvr tv pas�adequate se�urity Q�'a surety bvnd, reasonably satisfact�ry to Lender, tv protect Lender's interest.
<br /> Duty fi� Pratect. Trustor agrees neither to abandan or IeaWe unat�ended th� Prvperty. Trustor shall d❑ all other
<br /> acts, in additian ta thase aGts set�orth abo�e in�his section, which from the character and use vf the Property are
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