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<br /> 16. Cov2nanrs of Tiusior wrth RespeCt to Leases.4Yithout the pria:written cons��ne c►ary. as7or shaN rrof,directty orindi�ectfy.
<br /> with respect!o any/ease af space in the Trust Properfjv,or any patrorr lhereaf,wflefhar such feas�is now or hereafter in existen�e:
<br /> (a} Accepf or pennit any prepayment,discaunt or advarrca payrrrem�f renf hereunde►in excess of pne mortth,
<br /> (b� Cance!or termrrtafe the same,or eccepi any cancella6on,termina:�n o�surrendar tfrereof,or permtt any evenl to occur which woufd
<br /> occur theround�r b terminate o►aancet the sams,other tPrar�te�mina6bn Iar nonpayment of rent,
<br /> (c) Amend or madil�[he same so as to reduca the term thefsof,tlre renta�pay,sb/e thereunder,or co change sny renewa!pra�fsiorrs
<br /> � Ut�reln aontainsd. .
<br /> i (dJ Watve any defauK thereunder orbreach lhereof.
<br /> (ej Give any cansee►�waJver er approval iheraunalsr or�ake any a:hEr act+an in cor•necbon the�wfi�?,or�vim a tessee t►rerssunder, whict�
<br /> would have ths effeci ot impairfng the vat�to 01!he lesso�'s lrtterest thEreunder or the propERy Subject thareto,or ot impeirirrg tlte
<br /> posi�on or inter�st af Bgnefrciary tAeiern,or
<br /> (f� Se91,.assign,p/edge,mortgage or ottrenvese dispose ef,o�encumber its inierest in ar�y said�ease or any renfs,issues,profits issuing
<br /> � orasisfng theraunder.
<br /> 17. Waive�of Statuta at limita�ions. Time is of ths essence in ali of fru�!ors obUgafions and duties hereunder,and fo the extent permitted
<br /> �` by law,Ttisi�a waives a!f presehtnr F�ture stai�rtes of limrtatiorrs with rsspect[o any debt,demartd o�obligation secured hera6y and
<br /> any aC�an ol p►a�eedfng fa�tite purpnse of ertfCrcing thls Deed of Trtrst or sny d�hts or remedles canfained Aere/n.
<br /> , 18. Assfgnmsnt of Depasiis.In ths evenJ�onsUUCtinn of improvements is comemp/ated by the loan evidenced by the Note secured
<br /> here6y,as addibo»a!securiry itterefare,Tiusror hereby transfars and assigns to Baneficfary,atJ dgh�title avrd lnterest to any and a/f .
<br /> moniss deposited by or on beha/f of Tasror witA sny ciry,county,publ;c body w agency,san�tary distric�utiliry company.�rrd
<br /> - eny othor body oi egency,br the installetion or to secu�e the insfatlation of any utility by Trusto�pertaining fo tha Tiust Property.
<br /> 19. Corpora�on or Partrtership Existence.If Trustor is a carporapon,Qenera!partnership,or limited pafire�ship.rt will do alt thrngs
<br /> necessary to prese�ve its caporate or partnershlp existence,as the case may be,and all righis and priviteges under the laws af the
<br /> stet�nf tis incapaeffan or vrgarr'rza�on.
<br /> • 20. Far��tance by�eneffciary f��a Wai�er.Any far6ea�snce 6y Beneficiary in exerc�sing any vighi or remedy hereunder,or othe►wise
<br /> �.�by applieat�fe law,s('►a!F rrot be e vi�ive�of or preciude the exercise of any such right nr remedy.The procuremsnt of �
<br /> rns��a�rce or i�re.�,,+rrrerrt af t�xes o�the di��l:�rge otlieRS or charges by Benefrclary sha11 aot 6�a waiver of Bene6ciary�righf to
<br /> � �erat�the�m��'"�of tKS lndabtednc-�.
<br /> �:. f�r-��'Jes Cu�:tuletive.AII retst�#ies prori��,;�this Deed of Tiusi are distinct and cumulabve fo any other ri�ht ar remedy under this
<br /> -- ���,�f Trust or affo�ded b�����:�egr��� a^.d may tse�xercised conaunently,independently or successiveJy.
<br /> . ..2c. ��p�ssors and Asslgns Bo�a.�.��,-Jaint an��EVeral Llabrlily;Cap�ons.The covenants an0 a�reemanfs hereiR contained shal!bind.and
<br /> ' L';e:�ghts heteur�'�sha/1/nure to,dre resR�;tive successars and assigns bf Beneficfary,Trustee,and Trustor.All covenants and
<br /> — ag�r�snts ot Tiu�:ar shall bs%oinf and se�T:ra/.The captions and headings ol the paragraphs of thfs Deed ol Trust are for
<br /> J' - , cor��a.�arrce on�y and are not fo be used to lnte�pret or de�rne the provlsions hereof.
<br /> - 23. Noti;�.�ccept for any notfce required under applicabfe!aw fo be given 6n anoth�r rrr�anner,(a)any rto6ce to Trustor provided for!n tlri�
<br /> De�d of Tiust sha/l be glven by mailing such notice by certified mail,retum receipf raquested addressed to Trustor at its mailing
<br /> address set fortlr�bove or ai such other addrass as Trustor may designa:e by notice to Beneficiary as piovided herefn.�crd(b)any
<br /> — notice fo Ben�frp,at�+or Tiusteo shall be given 6y ceRi�red ma1/,retum r��lpi requested,to Bens�r�iary's and Tiuslee's m�t�fng
<br /> address staied hsrafn or to such other address as Beneficrary or Tiustea may aesignafe by na'_ice to Trusror as providecf??�rein.My
<br /> noGce prov/ded for/n thk Deed of Tn,st sha!!be deemed[o have beerr Qive»to Tru�'of,BenaFcrary or Trustee when given in the
<br /> ' manner designated hereJn. ;
<br /> 24. Goveming Law;Seve�abiliry. This Deed of Trust sha/l be govemed by ihe laws of the StatQ of Nebraska.!n the�vent any p:ovision or . .
<br /> clause nl this Deed of 7rus!cvnflicts with a.�plrcable law,such conflict shall not affe�t other pro��'sions of this Deed of Tr�st evhich can
<br /> � be g(ven eflect without tha conflicting pro•ri�ions and to this end the provisions of fhis Dead ot Tr�rst are declared to be sEVr��bfe.
<br /> 25. Events ot Dafautt.Each of the following vc�urrences shalf constitute an event of default he�eunder,(hereinafter eslled an"Eveni _
<br /> ot DetaulY): =
<br /> (a) Trustor shalJ tail to pay when due any�r;.��i�al,inte�est, or prfncipa!and interest on the Indebtedness, � __
<br /> � (b) Any wananry of ti�e made by Trostorlfe,�ur�shap be untrue, • �
<br /> (C) Tiustor shal!fal tf,��bse►ve oi perlorm�r^p vt!he covenants,a9�eements,or candidons in this lleed o1 Trust,
<br /> (d) My represe�tafion or warrarty made by 7rustor on any linanclal statements or ri;pnns submltted�o BeneF,:r3ry by or on behalf ol '
<br /> Trustor sha/i prova lalse or rr.a'srJally misleading,
<br /> � (e) Tiusta sha/l fe/l to peRorm�r.�6seroe er��o!the covenants,conditlons or agree�'rants contalned/n,or binding upon Tiusfo�under
<br /> '. any building loan agreement,securiry a�r�2pment,loan agreement,financing statemen�t or any othe�agreement,Jnsuument or � '
<br /> document executed 6y Tiusfa!n conn���1��R wlth the loan ev/denced by the IYote. '.��
<br /> � (!) A trustee,recelver or liquldato�ol ths Tiust Piopeity or o!Trustor shall be ap�o:^?ed,or eny of the credito�s of Tiustoi shail file a
<br /> pe6tlon in bankruptcy ayainst Truslor,or for the reo�g�w^:zation ol Tiusro�pursu:r�^fo the Federal Bankruptcy Code,or any s/mtlas � �
<br /> — ' , law,whethe�lederal or state,and!/such order or pe:��:a�sha/l noi be dischargc9 or dJsmissed with/n thJrt�(30)days aftef the da13 �"�
<br /> , on whlch such ader or petitlon was fi(ed, �
<br /> — (g) Tiustor shall lile•a petition pursuant to th�GederaJ Bankruptcy Cade os any slm/1ar law,federal or state,a il Tiusta sNwl�e
<br /> adjudged a bar.krupt,a bo declared ir�c'�ent,or shall rnake an essrgnment!�r the benotit ol credifors,or shall adm:r:r?�v�iting its
<br /> � lnablliry to pAy it�de6ts as f�tiey becomo due,or sh,a£cansent to the appoinrrr���of a receiver o!a/l or ar;�part of thQ Trust Prope�rr
<br /> (h) Final Judgment for tha payn��ni of mpn�^�sha!!be rer.�'8ied 8galnst Tiustar ar��i r;�stor shali not disch3ro a�the samv,or cause/t ta
<br /> � be dischargad,within thJ�ty(30)ddys��fr��tho entry thereol,o�shall not appeai LTwelram or tram the ader,decree or process u�ra;:
<br /> — whicb or pursuant to which said judgm�:-r.Nas g�ented,based,a entered and se�ure a stay ol executlon pend�ng su�h appeal,
<br /> (i) Tiusta shall seJl or convey tha Trust PrU,��j,o�any part thoreof,or any lnterest�`erein,or sr.;,�,De divested ot its title,u any inferes'
<br /> � thereln,In any manner or way, whether v.;1::ntarity or involuntarily,without rhe w:;�v.�consenr of Benaficiary betng lirst had and
<br /> o.btained,or
<br /> , (j) ff�'vusfo�Is a cv�pnration a paitneishlp�r�l more than fifty porcen!(56%)o/the shares o�bene!lc�al�nt�:�sc:!n sush�orpo�aGon or
<br /> partne�shlp,a�iire case may be,sha/l�v^,�nsleaed or conveYe�.�"��th9r vo/untarily or Involunta�!!y,w;�t���t fha wr,'µ�^consent of �
<br /> Benefieiaryb2ing firsthad and obiained. See ExhibiC 'A" fccvr 25 (k).
<br /> � 28. Accele�aUOn of Debt;FaeC/asu�e. Upon the occurience of any Event of Oelault,or sny timo therea/te�,8����.'�ciary may,at its opfion,
<br /> declare a11 the Indebtednoss secured hereby immed ar.i:�y due and payable an�*Jr�same shaJl beai Inte�:::.:`3t!he dalauU rate,it an,�.
<br /> set fonh in the Nofe,or other�ise at the hJghest rafe p����ilted by law,and,Inesppctiva ol whe!her Bene.'�;:�-�r exe�cises said option,�t �`-- _—---
<br /> may,a•!its opbon and in its sofe discretlor., �fthout any further notice a demand to or upon Tiustor,do or,e or more af the loliowing: '
<br /> (a) 8eneffclary may enter upon,take poss���:cn of,manage aad operate the Tiust Pioperly or�.-��p�rt;�rrr�of,•make iepairs and ,
<br /> alte�ations and do any acts which Bene.`.c+aay deems proper to protect the securiry thereof,a.7;orther w'�r or without tak�ng
<br /> � ' p�se�on.!n i�a:vn n3ms.�s!ot or o;het�i:Q:�?�°^_.!snd recsire rsnis.tssues and�rof�ts.inclu����r�:«sse p2s!�1u9 at►rJ uFtp2id, �
<br /> :_��� and eppty the samo,/ess costs end expen�es c1 c�,ryt7�±fon and collection,lncluding reasona6/e ettom�/,'aes and Beneficiary's
<br /> costs,upon the lndebtedness secwed her,,��e��J�such orde►es BenefiClBry may determinb.Upan r9t�Lest ot Beneliciary, 7rustor �
<br /> `. � sha11 sssembte and shall make ava!laDJw���s.��"'t�ary any of the Tiust P�oporty whfch has been iemoved. The entering upon end �
<br /> takJng possesslon ol fhs Trust PiopeR��r.'�"e colfECfion ot any renta,Issuss snd proJits,and the application tho�eof as aforesaid,shall
<br /> not cure or waive any delault the�etofae or the�eatter occurring,ar aflect any notice o/defaulf or notice of sale horeundar ar � �
<br /> invnlidate any acf done pursuant tn any such notico.Nolwithstanding Beneliciary's cantinuanceln passesslon ar recaipt and �..�
<br /> appbcation ot�vnts,lssuos or piofits,9�nofiCt(rry shal!be entltled to oxerClse every right provrded far in ihis Deod ot�iust vr by law �u7��
<br /> � �pon or attet the accurrvrtco ol an Evont ol QQlaull,including the righf to exetciso tha pow�r ol Sale.Any al the�Ctrans roferrotl to rn �
<br /> __ tAts paregraph may be takeR by g8naficlary at such t�ne as Bsnalfctary n�ay detcrm�nQ vr�thoUt rayard ta tho adbq��ac y n��n j '.`-
<br /> - socuur�ta�cna�nrt�btedness securod�rareby. ' '
<br /> � �;�, f6J aanalrc�ary shait,w�rhv�r rega►d re,rhe adequecy ut$ny securrry fvr rne►ndebr�dness secura�t nereby.be r.nhtled to fhc±
<br /> � �ppptntm�at r�t�►C�E�ivar by any Cou�t hUVrng jurisdiGtron,tnnthouf nolrCO. fo lakv��nssess+a�c�f,prv,'vct. ,�rrd mantruc the F���st
<br /> 1�`� �'rcperty and oper�to tho sc�a�o rrnd ca�t�ci tha rdnts,issuos anJ pro;�t5 fherolrufn
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