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2� 17� 1171
<br /> �ect�on l5. Appointment af Suc��ssor Trustee. Be�e�iciar� may, from �rne to ti�m.e, by �.
<br /> wri�ten �nstru�n.ex�t e�ecuted and ackriaw�edg��: by L�nef ciar�, mailed to �`rustor and record�d �n the
<br /> C�unt� �n wh�.ch the `�C"rust Pr�perCy is 1oca�ed and by othe�-�vise camply�ng with the prov�sions of t�e
<br /> �.pplic�.b�e laW of the State af�Ie�r�.ska., subs��tu��a suceesso�or success�rs�o the Trustee named here�n
<br /> or ac��ng hereur�der.
<br /> Se�tion 16o Su�cessors and Ass�g�s. This I]eed of Trust app�xes to?�nures to the beneft af axzd
<br /> bxn�ds a��par�es hereto,their he�rs,legatees,dev�sees,persona.�represer�tatives,succ�ssors and ass�gns.
<br /> �e�tion 17. Merger, �ons�li�atian, Sales or Leases. Trustor covenants that Trustar W��� nat
<br /> se�l, �e�.se or otherv�rise d'zspase af any of �h� Trust Prope�ty withou� �he pr�or wr�tten co�se�t of
<br /> Bene�cxary. Upon any such pr��bi�ed ��nvey�.nce, the �ndebtedness sha�� be immediately due a�d
<br /> pa.yable �r�full to I3enefic�ary�thout�ot�ce �r deman.d. The �o�enan�s co�ta.�ned herein sha�� run�v�th
<br /> the Pr�perty and shal�remain in ful�force and effect unt���he I�deb�edness is paid i�.fu.I1.
<br /> Secfi�n 1�. Events of Defauit. Each of the fol�ow�ng occurrences sha1� cansti�ute an event af
<br /> default hereunder:
<br /> a. �r€�.star shal�fa�1��pay�he�.c�ue any prir�c�pa�, Xnt�rest, or pr�ncxpal�d interest
<br /> on�he rnde�tedness;
<br /> b. �ny tivarrant��f title made by Trust�r herein sha�1 be�ntrue;
<br /> c. Except as provided in �a} or �b} a�ove or �d} or �e) be�a�, Trust�r sha�l �a�I to
<br /> abserve or pex�orm a�.y of the other coven�.n�s, agreemen�s, �� condi�ions �n �his I�eed of Trust
<br /> and such failure sha��conta�ue f�r thzrty�3�}days after n�tic�of such failure�s given to Trust�r;
<br /> d_ An e�ent of defaul�sha�1 occur under any of�he]L�an Documents;
<br /> e. Trustor s�a1�se��or convey�he Trust Praperry, or an�part thereof,or any interest
<br /> �herexn, or shall he d�v�s�ed of i�s �it1e, or any xn�erest �herein, in any manr�er or Wvay, whethe�
<br /> vo�un�ariiy or znv�lun�ari�y, withaut �he writ�en ca�sent �f �ene�ciary being f�rst had ar�d
<br /> obta�ned;or
<br /> f. Trustor shall faz�to prop�rly mainta�n a�d preserve�he Trus�Property,i�acluding,
<br /> �U�I��t�I�111t�C���, �h.e rr�a�ntenance of�h�Trust Proper�y free fram a.Z� hazardous substa�aces and
<br /> ha.2ardous�aste�n vio�ation o�env�r�rimental laws.
<br /> Section 19. Accelerati�n of Debt; Farec�osure; l��njudicial Power of Sa�e_ Upon the
<br /> occurrence of an� event of defa�.lt hereunder, ar any time �hereafter, �eneficiary ma�, a� ��s option,
<br /> deciare aIl the�ndeb�edness secured h�reby immed�a�e�y due a�d payab�e and�he same shaI� bear interest
<br /> at the fixed annua� rate of�he Loan set for�h �n the Na�e or�h� Loan Agreement, and, irrespect�ve of
<br /> �vhe�her Ben�f�iary e�ercises sa.xd apt�on, it may, a� �ts op��o� a�d in its so�e discretxon, without any
<br /> fur�her raotxce or demand�o or upon Trustor,da one ar mare af the following:
<br /> a. Benef c�a.ry r�ay �n�er upon, �ake passession of, manage a.nd operate �he Trus�
<br /> Property or any part �her�of; make repairs and a�terati�ns and do any ac�s �vh�ch Beneficiary
<br /> deems proper�o prot�ct�he security thereof, and either wi�h ar���hout�aking possessian, �n its
<br /> au�n. name, sue f�r or o�he�ise callec� and receive the Rents, including those past due and
<br /> unpa�d, and app��r the same, Iess cos�s and e�penses of operation �.r�d co��ect�on, rnc�uding
<br /> reasonab�e at�orney's fe�s and �enef ciary's cos�s, upan �he Indebtedness secured hereby and in
<br /> such order as Benef ci�.ry may deter�nine_ Upon request of Be�ef ciary, Trustor shall asse�nble
<br /> and sha�l make ava��able to�Benef ciar� any of�he Trust Praper�}r which has been removed. The
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<br /> 4$43-T 883-347�-.1
<br /> EVI Grand Island
<br /> Deed of Trust
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