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<br /> - _ . . - �_.�l�a::• �. .ii.�y �.i£`�i� �"3}i`.n'''.S.iuYP.�_. - -_. .
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<br /> � � 90_: iuos�8
<br /> � the P�operry is so taken or a3maged,Lender shatl have the option,in its sole and absolute discreUan.to appry all suc�h Proceeds,
<br /> � after de�lucting ther�lrom ail costs and expenses incurred by it in connection with such Proceeds,upon any irtdebtedness secured
<br /> hereby anQ is�such order as Lender rnay detemnine,ar to apply a91 such Proceeds,after such deducttons,to the�eatoratian af the
<br /> � Rropertyf upon such condiUons as Lender may determina.Any application ot Proceedsto indebtsdness shall not extend or postpane
<br /> the due date of any payments undet the(Vote,or cure any default thsreunder or hereunder.An}�unapplied funds shatl be paid to
<br /> — Trustor.
<br /> 8. R�dorminC!by lend�r.Upon the occurrence af an Event af Oefautt her8under,or�#any act is takere os la�a!�soc8sdittS
<br /> ° commertced wh[�h materlaity eNect9 Lertders irterest itt the Property,Lender may fn its own discreGon,but without obligation to do
<br /> so,artd without rtotice t9 or demand upan Trustor and without�eteasing Trustor from any obligation,do any act whiat►•Trusior has
<br /> agreed but tails to do artd may atso do any ather ac3 it deems nececsary to protect the security hereot.Trustor shall,immed'satety
<br /> , upon d�mand theretor by Lender,pay to Lender alf costs and expenses incuRed artd sums expertdsd by Lender in cartnection with
<br /> the exerclse by Lender otthe toregaing rights,together wiih interestthere�n at the dBfault rate prnvideci in the Note,whicfi shall be
<br /> , adde� to the indebtedness secured hereby. Lender shatl not incur any liability because ot anytfiing it may do or omit to do �
<br /> — hereunder.
<br /> 9. Hazardous M�terlais.Trustor shall keap the Properry in compliance witfi afl applicabl�laws,ordinances and regulations
<br /> , ., relating to(ndustrial hygiene or environmenta!protection(coilec4ively referred to herein as"Environmental tsws�.Trustor sAall
<br /> �r-ep the PropeRy tree from all substances deemed to be hazardous or toxic under any Environmental Laws(collectivety referred 1u
<br /> ` h�rein as"Hazardous Materials"�.Trustor hereby warrants and represents tn Lender that ihere are no Hazardous Materials an or .
<br /> underthe Property.Trust:.:.`•a:�y ay:ses ta indemnify and hotd harmless Lertder,its directors,offlcers,empfoyees and agants,and
<br /> {. any succss�c�*_u Lenders interes�trom and against any and�iF a!aims,dam2ge�,losses and liabilities arising in connection w+th
<br /> fhe preserrcra;c::�. disposat or transport of any Hazardaus!'d��cials o�, under,irom ar about the Property.THE FQREGOlNG
<br /> • IfJARRANT{��-.�!��D REPftESENTATIONS,AND TRU9T�R'3 4BL:�ATlONS PUHSt1ANT T�THE�OREGOING INOEtd�i1'4Y.8lfALL
<br /> � SUAVIVE R���'!s':Y�+CJ��flF THlS DEED OF TfitlST_ . •
<br /> 1Q. Aufg�ant a�e�ants.Trustar hereby assigns to Lender the rents,i�ac�r-„��nd pr4fi�of the Pro,�rry:provi�ed that Tru�t�r .
<br /> shalf,untii th�e�urrence oi an Cvent of Detauli hereunder,have the right to co��ect and re��i.�such rents,issues and prn5ts as ttiey
<br /> • become due and payable.Upori the occurrence of an Event oi Defauit,Lender may,eithFF��n person or by agent,w�:°�or withoui
<br /> � bringing any action or proceeding,or by a receivar appointed by a court and without regard to the adequacy of its securiry,ent�r
<br /> r1�on and take possession of the Property,or any partthereaf,in its own namo or in the name of the Trustee,and do any aets whieH it
<br /> i �ems necess�ry or desirabto to preserve the value,marketability or rentabiliry of the Properiy,or any paR thereof or interestthere"sn,
<br /> :ncrease the income therefrom or protect the securiry hareof and,with or without taking possession ot the Property,sue tor or
<br /> ' othenrrise co(lect the rents, issues and profits thereui,including those past due and unpaid,and appty the same.tc�cosis and
<br /> � ; expanses of operati�n and coilection including attorneys'fees,upon any indebtedness secured hereby,all in such oralr_r as Lender .
<br /> � rr:3y determina The entering upon and taking possession of the Propertyr,the cottection ot such rents,issues an�prafits and the
<br /> ; a.pplication thereof as�fQresaid,shall not cure or Y.aive any detault or npticr_�f detault hereunder or invalidate any act done in . ,
<br /> response to such defa�!tur pursuantto such noticeafdefault and,notwiin�t�r�irt�,�the continuance in p��.:3ssion of the Properiy or
<br /> ; the collection.recetpl and application of rents,issu�8 or profits,and Trust�.����Lender shall be en::�od to sxercis�svery right .
<br /> •- provided far i�aany of the Loan Instrur.'ients or by law upon occurrence of any Gcent of t3E":.ufr_including without lirn:T.?iir_;�the right
<br /> to exercise ti-9 power of sale.Fu�ther,l-r:nder's rights and rem�dies under this paragraph�1;+;Jt be cumulative with,ar�[n no wa}a .,
<br /> iimitation on.Lenders rigEstr artd rem�dies undar a�+y assignmeni oi leases ar.�rents recor��i againstthe Property.lender,Tru�tt-�
<br /> snd the receiver shall be Uiale to account onty f��those rents actualty rerrd�.red. , ��-
<br /> 11. Ev�nb af D�fauft.the taltowing shall co�.stitute an Event of Detau:t�nder this Oeed of Trust :
<br />_ � (a) Failure to pay any(nstallrr:ent of principal or interast ol any other sum secured hereby when due;
<br /> � (b) A breach oi ar dafault under any provision contain:�.)n tf^e Note.this Deed of Trust,any of the Loan tnst•urn�nts,or any
<br /> other lien or encumbrance upon the Property;
<br /> . Ic) Awrit otexecution or attachment or any similar process sha!:i3�Nntered agalnst Trustor r�hict�shalt bECar:1�a�ien a� _
<br /> the Properly or any par`.ion thereoi ov interest therein; =
<br /> (d) There shall trE Fted by or against Trustor or Borrower an actia;;ander any present or fut�re ta�Or�t,S9c.�9 OI 61h1BE ..j_
<br /> - stati�te,law or regulat:on retating to bankruptcy,insolvency or other�epef for deb2ors;nr th�re shall(��ap��ir,3y9 any tru�:c-� �
<br /> . ; receiver or liquidato�af TrustCro�'Borrower or otall orany paR of the Properry,OI 1I:�f8tSt3,issu�;cr psaf�b3�t!'vc•e�t,orTrustor —
<br /> ; or Borrower shall ma.�.�:�ny c�eneral assignment for the benefit of cre�;t,ors;
<br /> ; (e) The sate,trar:t`�r,tease,assignment,conveyance o�turther erc,k�nbrance ot atl or any paM�'F�r eny interest in tt,e
<br /> Properry,either va�w�:arily or involuntarily, without the express writLC�r consent ot Lend�7�p�•��i�ad th2t Trustor shall bs
<br /> , permittedto execuo.a lease olthe Property that does not contain an option to purchase and th�terrr.of wr,�eh does nat excee0
<br /> one year;
<br /> � (q �Q.r;d�n�-.E^2 01 the Property;or .
<br /> (g) Ntrustor is r,u*an Individual,the issuance,sale,transfer,assignmeni,conveyance or onsumbrance of more than a total =
<br /> � 01 perce°4 of(it a corporation)its issued and outstanding stock or(it a partn�rship)a total of percent of .�`
<br /> _ � partnership interests during tho period this Deed of Trust remains a lien on the ProFer4y.
<br /> ; 12. R�mfdlts;AceN�ntlon Upon O�lault.ln the event of any Eventoi Oefault Le:�der may,withnut not�ce exce;,tas cequired by
<br /> law,declare all tndebtedness secur�_d hereby to be due and payabte and the same�ha41 thereupon bE�ome due and payable
<br /> ' without any presentment,demarc�.�rCtest or notice of any kind.The�eafter l.ender may:
<br /> � (a) Oemand that�ri,stee exercise the PDYUER OP SALE graneed ►��srein, and Trustea shai► t:�ereafter cause 7rustor's
<br /> interest in the Pro�c�l.,�"o be�c��1 and the pQacceds to be distrlbuted,�'i,n the manner provided in the Nebraska Trust Deeds
<br /> — Ac�
<br /> -" (G) Gxe�clse ar,;r and a;t ri�:�ts provided far in ary al the Loan tns:ruments or by law upon occurrencs of any Event o}
<br /> � • Qe`�u+z:an�
<br /> (c; Commenr�nit acticsi to 4oreclose this Deed otTr�si:s a moR�,3cc-,Gppoint a receiver,or specifically eniorce any at tlto
<br /> coverants herec'.
<br /> No remE4N t.iereln cor�tarre�upon or roserved to Trustee or Len,Ser:s:��.t�r+��.�to be exctusive o1 any other remedy herein,in ine �
<br /> ' Loan Instri�ments or by Iaw prov�ed dr permitted,but each�I*at�bs c�TCC'�tive,shau be in addition to every othE�r remedy given
<br /> � hare�n�l:r.sn the Loan�nstrumonts vr novr or hereatter exlsting at law or i:►equ�ty or by;:2tut�,and may be exercis��cortcurrently,
<br /> indeYrr*1rt�'ly Or 9uCCessively.
<br /> j3. Tr��1N.The YrlsteA m�y resign at any time wilhout cause. and lendor may at any tirne and without cause appoinl8 _ _ _ _
<br /> � :-----�—---�
<br /> succes�or�r substitute Trustee.Trustee shall not beliabteto any party,including without Iimitation Lender,Borrower,Trustor or any
<br /> purcha�c�:!tfte Property,tot any Ioss or damage unless due to recktpss or wil Iful misconduct,and shall not 6e required to take any j
<br /> actlon in cOnnection with the ontorcement at Ihis Doed ot Trust unless indemnitled, in writing,tor all costs, componsation or
<br /> � expenses whiCh may 68 associatad lherewith.In addit�on,Trustee may become a purchaser at 8ny salo of the Proporty Qudicial or :
<br /> under tne pownr ui�ie{�far.ia�h�rs:r�k tso�i�;s�1l�.;r.�l;o!8!!�r 8ny pQ�tier.o!the PropH►ty,;�s provided by law:or sell the ' i
<br /> P�ope►tyt as e whole,or in separate parcels or lots at T�ustoe's discretion.
<br /> 14. FrH and Exp�n�s.In the event Trustee se��s tho Propary by oxercise of power ot sate.Trustea shati b�ent�tled to apply �
<br /> � � any sale praceeds lirst to payment of all costs and e�penses ot exorcising pawer ot sale,mctu9mg all 7rustee s tQe�.�nd Lendor's ��
<br /> �nd Trustee's attorn0y's tees,actual{y inCUrreti to oxtont pormitte�by applicablo law.ln!he event Borrower or Trustor exarcises any �
<br /> right provided by law to curo an Evant ot Dotault.Lendr�r�hall be entitied to recover(ram Trustor all costs and eMpersses actually
<br /> � irtCUrred as t► result ol�rustor's detault.inCludin�w�thout limi[ation ali Trusteo's nnd�ttomoy's feos,io tria extOnt permittsd by f�
<br /> appt,cabto law. �3�
<br /> �5 Futur�Advsncts. Updr {squ�st al �ior►ov�c+E, lonctar may. af its UDt�on, make�dd�tronal �ntt tuturE�7cfvonCOS and tt�- ,
<br /> - advnneest�Barrower 5uth�d+aniUS flntE r�aGra�ces.v+�th;ntaras!thoeeon,sha!!be sccu�E��by 1t��s t7E��tf c�lTrust At ne hm,n s!+alt �Y __
<br /> � tne pnnc�pal r�mount af tn�►�ndoatednoss secur�,d bi tn�s 6�Ed at Trust.not�nc�ud,ng 9urr s n9oanced to protect tn�,secu�+fr c�t�ft+s
<br /> [7�J Ot 7!u5f.Q�tcC�d th.�Or�g�n�l pnncipaf�tiiouttit 5fa�G<)rf,�E;n or$ . a�n�chc�,rur �s c��eater
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