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<br /> 16. CoveRants oi Frustor with Respect ro Leases. W'dhout the piio�written cansent o��en�iary,Trustar shall no[,direcUy or rndiretsUy, •
<br /> with respect tv any fease ol space in the Trust Property.or any ponion Urereof,whefher such/easQ is now ar hersafta�in e�ristence:
<br /> (a) Accept ot permit any prepaymenl,disaounl nr advance p3yment of rent heraunder in excess af one m�sr!h,
<br /> ' (b) Cance!ar termfnate tlre same,or accept any cancellation,termination or suirende�theseof,or�aannif aay even!to occur whfch woutd
<br /> xcur thereunder[v fermfnaie or cance!the same.olher tfran[ermfRation fa rtonpayment of rent '
<br /> (c� Amend w modity!he same s�es fo reduce the term thereof,th�rentat payable theraunder,or!o change any renewaJ provisions
<br /> � therefn conta/Red,
<br /> (d) Waive arry default there�nder or breach thereof,
<br /> �� (e) Give a�y consel��,w�rver or approvat thereunder or take eny othe�actipn in connec�on,fherewith,or with a lessee thereunder.which
<br /> w�h�ihe�ftict o���`rfi�g the vafue ot the/essor's lnterest thareunder or the pro�eny subJect ihereio,or of fmpairing tha •
<br /> /�osA�n esskMr�ltsf�8at►�NI�iMy drsreJn,or
<br /> (� Selt.�s�gn;pl�id�gs,inwtgage or otherwise dispose of,or encumber its interesi in any s�:d lease ar any re�rts,issuss,profits issuing
<br /> or e�/sing thereunder.
<br /> 17. Waiver of Stafute o/llmita�orts.Trme is af tlre essence in al!ot Tiustor's obtigaborts and duti9s hereunder,arrd fa the extenf permittsd
<br /> by/aw, Trusfor wafves all preseni or futare statutes of limitations witlr respect to any dabf,demand a ob�gation secu�ed herehy and
<br /> —4 any ac�on oi procaeding for the purpose ot enforcing thls Deed of 7rusi or arry rights or remedies contalned herQin.
<br /> 18. AssTgnment ol Deposits.!n dre event construcGoR ofimprovements is contemptated by tha loan evidenced try rhe Nofe sacured
<br /> fr8reby,as additional security therefore, Trustor hereby tra►r;,fers and assigns to Benefloiary,aIl right,tittle and rr�eresi to any and alJ
<br /> monies deposited by a on behalf of Trustar with any city,counry,publfc bndy or egancy,sanitary distticf,uutility compa�ry,and
<br /> . any ofherbody or agency,for the lnstallation or fo secure tire insta!latian of any Wlfty by Trusiar,peRaining to the Trust Prope�ijr.
<br /> 19. Corporation or Partrre�ship Existence.!f Trustor is a corpora6on,general partnershlp.orlimited pannership,it w�tl do a!f th/ngs
<br /> necessary to preserve its corp�rate ar partnership existence,as the casa may be,and alt dghts and privilegcw�:.�rder tfie laws a!the
<br /> i state of ifs incorparation or organizabon.
<br /> ` 20. Fnnbe�arance by Berreflc/ary Not a Walver.My forbea����y 8ene�rcfary in ex�r�.sr-g any rght or remedii.jzia�.�nder,e,r�,l�rerx�s�:
<br /> affnnled by a�plr�x-,1'�fe law,shaUnot 6e a Evarsrernt��,:;r.�.�ude the cxr�cise of�.�;����z r�.Frarr.r�,-�edj. ;:,-��i;��curF�,,a�
<br /> • insurance or���+m,ent offaxes ar the d�.��s��rrc:c!Il��:��charges by Bene:`,c��,���;';:,F.r;�•�r_.;,�;a;ygrr.�;h�..r�-ef',cia�'�r�r���u ' •'
<br /> acc�'�'�,'e the��!�:r,'ry of the firde�cedr�ss :.. . � ,
<br /> `, . �'. ��trecilrzsCamulative.A!lremed°�spro�ri�w`��?���.Q,�t`ul7rustsredis6nCtanc;�:i.—.a'�ti-�^��.-�fl�err•:s,�.*'��r�emedyurtt�rd?:�
<br /> ?: . ... . . . � :����=Trustaraffaded bylawareq�t�r;�-t����gf l��t�zsed eoncurrerttty,ir�'�;:�^��.r!7�;•✓r¢.JCC8SSIL'�;: •
<br /> ' 22. �;r.��2,asors and Assfgns Bc:�nd•Jclr,t et�d��-r=�.l 11�1a1��;;�Captions_ �he ca��-�.^-r and agreements here:�r cdntairted shaJl bfr,��.:� �
<br /> � �`�rr���rerQ..:.�.�r,�::,'n,a/l i�rur�te,rhe r�spsciive su�cr�;r.�;a�a�;�s cf L'e�acc::ary,Tiustee,and Trustrr�A/l eovenanis and
<br /> ` 8�'�-�z�����'y��shali tr��af�rt and severa/.Tfr3 ca.�r�iins anQ he��;rrgs of tftc�paragraphs of this Deed of Tiust a�e for
<br /> i ; corn�v°c-nce cr::�r�°�are not fo b�used fo interp�et o�d.�ae the provisFons hereof. •
<br /> 23. Notice.Except for any notice required unr�Er appficabfe larsr[v be given in another manner,(a)any notice to Tiustor provided lor in this
<br /> Deed e/7rus!sha0 be given by malling such nobce by cerNBed ma!!,return receipt requested addressed to Tiustor at its mailing �
<br /> address set forih above or at such orher ad�:ws as Tiustor may designate by nodce to Beneficlary as provlded herein,and(G)any
<br /> notice to Benefrcfary or Trustee sha/l be gfven by ceRifieal mai/,retum receipt requested,to Beneficianr's and Trustee's rrrai/ing
<br /> address stated herein or to such other addrsss as Beneliciary or Tiustee may deslgnafe by noUce to Tiustor as provided he�e;n.My �
<br /> - notice provided fo�/n this Dead of Tiust shall be deemed to have been glven to Trusia,8eneficlary or Trustea when givon/n the
<br /> manner desi�nated he�ein.
<br /> 24. Govemtng Law;Se�erabiliry. Th1s Deed of lrust shaA be governed by the laws o1 the State ol Nebraska In t�he event any prpvision or �
<br /> c/ause of this Deed of Trust ccnf/icts with app/icab/e law,such conf/iCt shall nvt afleCt othot piovislons of lhls Oeed o1 Trust whiCh Can -
<br /> . be given effect without the conliicting provisions and ro thts end the p�ovisions ot this Qeed ol Trust are decla�ed to be severab/e. -
<br /> • 25. Events of Defaolt.Each ol the lollowing occwrences shaJ!constitute an ovent oJ defauit hereundor, (he�elna8e�called en"Event
<br /> � o!Defau/Y'): - -
<br /> � (a) Trustor aha/1►ail to pay when a�ue any p;inclpal,interest w p�lncipal and interest on the lndebiednass, � —
<br /> ; (b) Any wananry ot tiUa mada by Tiustor harein shall b�unirue, i�
<br /> : (c) Trr��t;�r aha/l fail to obse�ve or pedorm any of the covenants,agreements,or conditions in this Deed of Tiust,
<br /> l�r A„y representation oi wananry made by Tius;or on 2rs;r financlal state�rrents or repoRS submrTMe�+to Beneficiary by or o»behslf of
<br /> Trrrsfor sha!!p�ove lalse or materJally misteadrng, ,�
<br /> (e j 7rUStOr shall fail to pe�foim oi obseive any ot tne cavenents,cond"r.rons or agreements con?a:ra,�in,or trinding upan Tns�t��urrder � ,
<br /> ar.�buJiding loan agreemertt,secu�ity agreement,loan agreement,linancing sta:�,:-�rrr,or any oihei agrees�^ent,instrurr�n£or
<br /> 1 � j'c��_.=�ent executed by Trusto�In connecUon with tlre='�^.,k evldenced by the Nate,
<br /> (f) �1T�•s`ge,recelvg�o.►/iquldAtor of the Tiust Property or t.'►'rustor shall be appv/nted,or any cf ihe creditar a�Tiusta shall file a ,
<br /> p�.�;�bn►n barrkr�,ptcy agalnst Tiustor,or for the reoigan.i�ation of Trustor pursuani to the FerlerGr Barkru�ttcy Code,o�any slmilar ` �
<br /> law,whether fe�a��£ra!o�state,and i!such o�de�ar RenG�n shall not be discharged or dismissed vrifhin thrrty(30J days after the dalB • �
<br /> ; un WhiCb s:�ah�•vr2er a petition was lifed.
<br /> � (g) ��ust�r shall file a petition pu�suant to the Federal Baaklupr.cy Code ar any s/milar law,lederal or stata,or il7rustor shall be
<br /> � adj:�yged a bankrupt,or be dec/ared Insolvent,a�sha!;r,�ake an assignment!o�tha benelit ol cieditors,or sha/t admif in writing its
<br /> i Inab!!iry fo pay its debts as they become due,or shall consent fo the appolntment ol a receive�ol all or any part o1 the Tiust Pro,�eRy,
<br /> (hJ Final judgment fo�tho payment ol money shall be rendered agalnst Tiusfor and Trustor shall not discharge the same,or cause it to �
<br /> ; be dlscharged.with/n th,rry(30)deys alto�the entry thereol or shal!not appeaf thorvfrom or fiom the ader,decree o�process upon
<br /> _ � wh/ch o�pu�suant to whJcn sald Jr�dgms►�t was g�anted,basod,or enterad,and secure a stay ol executton ponding such appeal,
<br /> _ (i) Tiusta shaJ/se/l or convey ihe Tiust Prope�ly,ar any pan thereol,or any lnte�est lharein,or shall be divested ollts title,a any intorest
<br /> there/n,in any manne�a way, whether vo/unta�ily ar lnvo/untaiily, without the wiitten cortsent of BeneJiclary be/ng li�st had and
<br /> obtained,or
<br /> ' (/j N Tiusto�is a corporafion or pann�rship and moie than lifry percent(50%)of the shares or bsneflclal intorosfs!n such coipaaUan or
<br /> partne�shlp,as the case may be,shall be transfeired a conveyed,whether vo/untarily or lnvoluntaiily,without the w�ltten consent o1
<br /> � Beneflciary being li�st had and obtained.
<br /> , 26. Accele�at/on of Debl;Fareciosure.Upon tho occur�ence ol any Event ol dafault,a eny timo tho�eafter,Bene�ciary may,at i�s optian,
<br /> dec/are ali the/ndebledness secured hereby�errmedJate/y due and payab/e and the same sha/l bea�Inferest at ths default rat�,il any,
<br /> � '�:, sat�'oRh In the Note,or othenvlse at the hig,��:�rate permitted by law,��0,Inespective ol wheiher eertefic/ary exerclses said option,it " �
<br /> may,at its optior.and/n its so/e discretion,:v::.�out any furher rratco��C�mand to Qr upon Trustor, do one or�r.ore ol the following; �
<br />_ {a) E��rr:f�clary may enter upan,c��r�p�session a!,man2g�2nd cFerG,3"�s Trusr Pr���r.y or sr.;�,�art ihereof,-rnake repa��s and �
<br /> . altaiaUons and Co any acts�n�fi�;h Benaficiary deems proper fn F�a;�c�'.^�sec,,.•;, r^sreot,�.r �;+
<br /> ;� S�'har w;th or without tt�Mi��
<br /> passesslon,in,�r.s cHn nam�,sue lor or o:�,��rise Collect and igce:ua+���i;,fssl�s snd praf.ts,:r.u;�ding those past duc�arrrS::r.parrl. r
<br /> • . 2nc!spRty thY��^�,�„��,:,;,�nd��;p�,;,:,,�v/c,peration aad cu.����n,In�tu9°ng roasona:;�l:<KOrnoy fees a�d Ber,�''_;,s,�.;�'s _
<br /> _ , Costs,upon Vi✓!i7dgbledne5S cecuied hereby and/n such oider es Benaflciary m�y determ/ne.Upvn reque�ct Eenefic;ary, Tius.S* �
<br /> sh�i�;�;sembla and shall make avalJeb/e to BeneJlclary any of tho Tiust Piapeity whtcir has treen removed.i7��onterfn�upon and �
<br /> I � 1ak2�tg?�oSSesslvn ol the Tiust Property,the collection of any rents,lssues and pra/its,and Nla appliCation t/t9raof as a/oresaid,sl�atl
<br />_ n�:�uie or walve any de/autt theietofore or theigafisr occurring,or aHact any notice of delau/t or nottce of sale hereunde�or
<br /> , invalldafe any act dano pwsuant to any such no�ice.Natwithstand/ng Benefrciary's cantinuance In possession or ieceipt and M1
<br /> applicatlon of rents,issues or profits,Bertoticlary sh8!l bb entitled to axsiclse every right provided foi!n thls beed of Tiust or by!aw ` ���
<br /> upan or atter tho occunence al an�'vent of Dalault,ineludJng tho right fa exarcise the power of sale.Any o!the actrons relened to In
<br /> __ this pgragraph may be fakaR Dy Beneficiary et SuCn tima as Beneflciary may dgf9�mine without rayurd fo fha adequacp of any r
<br /> sQCdrity loi the fndebtedness secured h�roby. . •j'
<br /> }.. (b) 8eneiiciary shatt,withouf regard ta the adaquaCy ol any security fo�th9 Indc►btedness secwod her�by,bg ontrNed ta ths
<br /> appb/ntmentof a reCOlvo�by any caurl having juiisU/ctlon,withouf noticv,ta tyke possossion af,p�otec.L and nranagEr the Trusl
<br /> � PiapeRy and apeiato fho samo ond cotlect the rents,1SSLOS aRd )IbhtS!h6/pIIUITI
<br /> . . i��, !
<br /> , 1,4;•Y (c) Banotrciary m�y b►ing any actrvn m�ny cou�t ofcvmpotent�urlsriirlro�T ta l�iaclose fh�s Dnad vl T�usl nr enlU�co r+►�y a11ho �
<br /> __ + �i1�a. covenbnts Itareal.
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