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<br /> t 16. Covenants of Trostor with Respecf to Leases.Wiihout the priar written consent of BeneficraryoTrusior shali not,c�irectty or IR�iirectly,
<br /> E wflh respect fa any/ease ol space in the�rust Proparry,or any poroon thereoa,rrlrethar such fease!s now or hereaRer fn existortca:
<br /> F (a) Accept a�pemrit aRyFrepayment.discount or advance paymant of rent hereunder Pn excess of�ne month,
<br /> (bj Cancet o�terminare ths same,or accept any cance/fafi�n,fermination or surrender thereof.or permit any evertt fo accur whrch would '
<br /> accw thereunder to termirtate or cancet the same,other ttran tsrmfnation far nonpaymenf of rent.
<br /> . (c) Amend or modity the same so as to reduce th�term thereaf,tt►e reniat payabts ther�unde�,or to changa arry reneLV^�t provlsfons
<br /> Uterein conta�nad, � L .
<br /> � (d) Waive any default the�eunder or breach tAereaf, ' �:-e':•��t.� F • ' . •
<br /> �, ......
<br /> (e} Give any ce�sent.waiver or approva!thereunde�or take a�ny oiher action in conrtecbon erewr3+�,or w�th a l9ssee tRereundsr. which
<br /> � would havs the ellect oflrnpafring the vatue ai tha(esso�'s irrterest tharaunder or tha proRelfy subJect ttroreto,ar af im�salrirtg tha
<br /> positton or irtterest of Beneficiary therein,ar
<br /> (ij Setl,assign,pledge,mnrtgage or othenerisa dispase af,or encumbev its interesi in any safd tease or ang rents,issues,profrts issuing
<br /> or a�ising thereunder.
<br /> 17. Waiver of Stafute of Limitatinns. Trme is of ths essence tn a!i o/Trustflr's obli�ations arrd du0es hereunder,and to the extent permitted
<br /> by law,7rusbr walves ail present or future stakltes of limifatinns with respect to any debf,demand a obligauon secured hereby and
<br /> ; any action o►proceediAg for the pu�pose of enforcing this Qeed of Trust or sny r3ghis or remedies contained herein.
<br /> � f8. Assignment of Oeposits.!n tha event consWction of improvemerrts is confemplated by ths loan evidenced by the Nate secured '
<br /> hereby,as a�di�arral security therefore,Trustar hereby transfers and assigns to Benefrciary,a0 dght title and Interest to any and al! •
<br /> ' monles deposi[ed by or on behaii of Trustor with any ciry,caunty,public body or agency,sanitary disirict,util'rty compam�r and '
<br /> any aff►a�body or agertcy,for the lnstallation er fo secure t/re installaGOn of any uUliry by Trustor,pertaining to the Trust Property_
<br /> 19. Corpora6on or PamrershJp Exisience.If Tiustnr is a cor�scrr�on,gerteraJ paRnership,or limited parmership,ii will do aU ti►ings
<br /> necessary to preserr�e iis corporate or pa►hrers�rip exisre►rce,as the case may be,and all dghts and privifeges under the laws af the
<br /> state of its inaorpora�Q�r or vrgan;zation.
<br /> ' 20. Forbearance by Bene��sry Nat a Waiver.il�r,�f�rbearartce by 8eneficrary in exercisMg any right or remedy hereunder,a otherwise �
<br /> aKorded 6y applicabte faw,shall,r�t 6e a w�i:n:.-�nt or pr�cfude the exercJse of arry;uch right or remedy.The procurement ot
<br /> ' insurance or ihe payment at ta,��r�e dfscharge of rerr�c��-r.harges by Benefrciar�r Ns�li not be a waiver of Beneficrary's right to '
<br /> , accelerate ths maturiry of.the Indebtedness. � �
<br /> ` 21. Remedies Cumula::i�e.All remedies provided•r':�this Oe��`v r�.t a.�e dis4irct and cur�l�ti fe ca a..ay othe�rfght ar remedy under this
<br /> . peed of Trust or affotded by!a►�sf or equiry,and may be er,��ar�r�2d concuirently,irtde�sf:�ently or successively.
<br /> ' :✓�. Succ��sors and Assigns Bound;Joint and Several Uabi3;Y;��'.,ap6ans.The covenants and agreements herein contained sha;l bfnd,snd
<br /> ' �t�rr':�:ts hereun�der sha/l inure to,the respactive success✓��and assigns of Beneficfary,Tiustee,and Tiustor.Fi/l covenants�rsd
<br /> , agr�e..-erts ot 7'r,r�t�tr sha!!be jnin[and several.fie captic;�s and headings of the paragraphs of ih�s Deed of Trust are for
<br /> � conveaience c.r���;r ar%�d are nof to be used to interpret or define the provisions hereof.
<br /> 23. Nadce.Except fcr�y rtotice requi�ed under appticable/aw fo be given in arrother manner, (a)any nobce io Trustor provided fur In this .
<br />, DeeaF�C Tiust shall be given by mailing sucb notice by cerC.�ied mail,return receipt re puested addressed to Trzr�r ai its mafling . -
<br /> addr�;set forth above or at such other address as Trustor may designate by nntice fo Bene(iciary as provided'frareln,and(b)any � . ,
<br /> no�ce to Bene�ciary or Trusiee sha/l be grven by ceRifldd mail,return receipf requested,to Beneficiary's and Trustee's mai'{�g
<br /> address stafed here'�or to such other addiess as Bene�ciary or Trustee may designata by notice to Trustor as provided t?ca��ai.^.l��� •
<br /> notice provided fvrir U:is Deed of Trustshalf be deemed[o have been given to Trustor.Benercr�rsr Trustee when give,�iicr e�z�
<br /> � manner designate�i�:�in. ' .
<br /> � 24. Goverrrrng law.-3s�:�rabiliry. ThFs Deed o/7rust shal!be r�c�_,�ed by the laws of the State ol Nebraska.In the��rent any p�ovision o� • �
<br /> ; ClausA af this�'r.-r�`ol Trust conflicts with applicabla t�,�.,�L,�t�conf/ict shall not affect other provisions of this Deed of Tiust whtch can �
<br /> i be gi�,�n effecr�fe�"..,�li the conl/icting piovisiasr�:-:��r;�r��:;end the prov/sions of thts Deed of Trustare declared to be severable. � _
<br /> � 25. Ever.ts vi Defau.`t G�h of the fo!lowing occum;�;c.�:.!;_:�constitute an event of default hereund�r..rin�reinafter called an"Evenf =
<br /> � ����,1.
<br /> 0/DE.�.��, � , —
<br /> � (a) Tiuslai shal!fafl to pay when Uue any prfnc;�a;,i.�reress,��r principal and inteiest on th,e/ndebtedness, ;
<br /> (b} Any warranry oJGUe made by Tiusto�here.'�s��alt be ur,rrue, ��
<br /> (c) Tiusior shal!/aiJ'2 observe or pedo�m any�`�he covenants,agreemerns,ar condit;:,�rs in this Deed al Trust,
<br /> (d) My iepresent&�.�:r or wananty mada by Tiustor on any rnenclal statemenfs or reperts submitied fo Beneficiary t��er G��:aha/1 of '
<br /> � 7Yusta shali p;�+r�false or mate�ia/ty misleading,
<br /> � (e) Tiustor shaq/aii to perlo�m or abserve any of the coven�^ts,condtUons or agreemrr;,•s contained!n,or binding upan Tiustor under '
<br /> any building loart agreement,security agreement loa:�G;reement,financing sfa:��ont,or any oiher agreerr��i,instrument or •
<br /> document execu�ri by Trustor In connect�:n with the loan evidenced by the Not�, �
<br /> ' (f) A trustee,recelver a�liquldator ot the Trus���perry or o!Trustor sh�!.1 Cre appolnied,or any of th�c�edirors of Trustor shaJ�f':'9 a '`��
<br /> petltion in bankruptcy aga/nst Tiustor,o�for the reorgani2atlon of Trusior pu�susnt to the Federat Bankruptct��oda,a any similar ,�„
<br /> law,whether federa!or state,_nd if such orde�oi petitic:?shail not be discharged or dismissed within thirry�'::��,days alter the dafe ;.,.
<br /> on whlch such o�der or peir�:•l r,.was lited,
<br /> (g) Trustor shal!lile a t�etition�+u�$uant to the Fedeial Bankiuptcy Code or any similar law,lederal or siate,or if Trustor shal!be .
<br /> adJudged a bzr�:.�;�t,or be Ceclared Jnsolvent,or shall make an asslgnment fo�the benefit of creditors,or shali admit ir.:�idting its
<br /> lnab!!ity to pay Rs deb!s as they become due,or shal!conseni to the appolntment ol a►ecelver ol al!or any part o!the Ti•ys�Property,
<br /> (h) Flnat judgment lor the paymer�f o/money shali be rendared against Trustor and Tru:tof shall not discharge tho same,or cause it to
<br /> be d`scharged,within thirty(att)days after the entry therepl,o�shail not appeal tr�r�_"om or liom the order,d��cree or p�ocess upon
<br /> whfch or pu�suant to which sa/d Judgment was granted,based,or entered,and s�cwre a stay of executio:��:�yc^9ing such appeal,
<br /> (ij Tiusto�shall sell or convey tho Tiust Propeery,oi any part thereo%or arry interest there+n,or sl;v!:he div9stc•d ef its tiUe,or any lnterest
<br /> theiein,!n any manner or way, uvhather va�'t,rtarlly o�Involuntarity,wiUrr�ut the written consent cl�Qcrs?f�ci�rir being lirst had and
<br /> obtalned,or
<br /> (J) Il Tr�stor Is a co�poreUon oi partnership and more than litry percent(50%)ol the sh;,res o�benaficlal intere�ts r»such corporation or
<br /> parinership,as the case may l.�a,shali be hansfened or conveyed,whether volurt�;;y or involuntarily,w;titcu't?�e written consen!ol
<br /> Benelictary being lirst had and a�talned. "
<br /> 26. Acce/e�ation of p�bt:Forec/oswe.Upon the occurrence of any Ever,t Fr�efault,or any time the�ealta�,Benelicfary may,at its op!lon,
<br /> deCla►e a!I the l-rdeu7sdness secured hereby Immediatefy due and p&�;.:bis and the same shatf�°ar interest at the defau/t rale,i1 any,
<br /> SBt;W�h 17►fhB Pr'013,or otherwise at the highest rate permitted by law,�r.d,tnespect•��a!whethei Beneficia��n_xercises said option,it ,___ ,-_. -
<br /> mo.�r:�i*.rts option and!n its sole disciefion,without any ludhe►nptice oi demend fo nr r,;�on Trustor,do one or rnae o!the faIlowing; ,
<br /> (a� �x�aflclary ma�enter upon,take possesslon ol,manege and ope�ate the Tru���h;�;eny or&�t}.=nart thoreo%make rvpairs and
<br /> c:;.&rations and rfo any acls which Benefieiary deems p�oper to protect the se�ur.:�ihereol,�,q�?ither with or withaut taking I
<br /> �c_�essian,in�r,;own name,sue for or otharwlse collect and receive rents,issues ard p�of�ts,:acludirt�those past due and unpaid,
<br /> �.�spply the same,less costs and exp[rnses al opeiation and collection,inctuding ieasonabJa attomey fees and deneliclary's
<br /> �:�'s,upon the Indebfedness secured hereby and in such order as Beneficiary m�y defeimine. Upon request ol Beneliciaty, 7iusto�
<br /> � Sh8lI assemble and shall make avallabie fo Beneficiary any of the Tiust Pioperty whlch has been removed. lhe errtoiiny upon and �
<br /> L taking possesston o/the Trust Properiy.the collectran of any rents,issues and prolits,and fhe application thereot as afo�esaid, shali
<br /> not cure or waive any dela�lt.'he�eiofore o�thereafte�accurdng,ar aNecf any nollcg ot detautt o�natice aJ sele he�eundar or � '
<br /> Invalid�te any aCt done puisuent fo any such notJCe.Notwithstanding gennllclary's continuance!n possesslor�a�recelpt and 's►
<br /> applic�tion af rents,lssuas ar pralrts,Bvnoficiary shail be entltled to exorcrse every rlght provrded far in th;s Deed ol Trust ar Dy law �`
<br /> upan oi altor the occundnca at an Ev�ynt vt bef�ult,including the�ight to exe�cisg the poY�ar UI salo.Any a!tha actions relane�i tu,►r ��
<br /> �
<br />" this parag►gph m�ty b�taken by Benoficrary et suCh bmv as Benefrclary may del�rmirre without reyuid fo the adapuacy o1 any �, #�
<br /> sc�curiry for the Indc��to�iness SeCUrati ngreby. ,r _
<br /> (61 Banaficiary shall,wrthout iayt���ta tho ddaqu�oy 4l any socu�rty Inr tha Ind�btodnass serured hercrby.be.+entrt/c�U ro rn��
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