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<br /> th�Properry is so taken o�damaged,Lendee shall have the option,in its sote and absolute discretion,to appty atl sucA Proceeds.
<br /> , afierdeducting tRSretrom a!I casts ar�d expenses incur�ed by it In conrtection with s�ch Proceeds,upon any�ndebtedness se�.ured .
<br /> � hersby and in suah order as Lender may detertnbrte,or to eppty aM such Proceeds,after sucR deduct�ans,to.the restoratton of the '
<br /> � P�operty upun suct�conditions as Lertde�may determine.Any application of Praceeds ta indebtedn9ss shaii nqt extertd or pastpone
<br /> the Que date�!any paymenfs under the Note,or cure any detautt thereunder or hereurtder.My unapptlsd Tunds sha9t be patd ta .
<br /> _ � Trustcr. .
<br /> 8. P�riormmea by I.�nd�r.Upqn the cccurrence ot an Event of Oefautthereunder.or ii any act is taken ar tegat proceeding
<br /> commenced which materialty affects Lenders fntere5t in the Properiy,Lendet may in ifs own discreUon.buf without o6ligatioo ta do �
<br /> sa,and without notice to or demand upon Trusto�and without reteasing Trustar from any obiigatian,do any act which Trustor has .
<br /> . agreed but taits tp do and may atsa do any othe�act it deems necessary to protect the security�hereof.Tnistor shall,imtnediately '
<br /> u�Qn¢emanQ therefot by Lender.Day tc Lender at1 costs and expenses incurred and sums expended by lender in conneclion with"
<br /> ihP gxsrcise byl.ender af the foregoing rights,together with inieresttherenrt at the defautt rate provided in the tYote,whtch shall be - � �
<br /> ad��Ct to thQ indetitedqess secure(� hereby. Lender shau nqt inGUr any tiabitity.6ecau&a ot anything ii may d4 or omit to do �
<br /> " h�r4uRder.
<br /> 9. Nszardaus Mattrlsb.l'rustor shatl ke�p the Prcgect}r in,compliance with aii sppliGSbfe laws,ordinances and regulations ' � .
<br /> , � reta6ng to indushial hygiene ot enviresnm�+�s*,a�protectiorr.�co#tgCtively reterred to herein as"Envirortmental Laws").Trustor shait � �--
<br /> ' keepthe Property free from all substances deQmsd to be haza�dous or taxic urtder any Enviruntnenta!Laws(collectively refeaed to '
<br /> ; herein as"Hazardous Materiats").Trustof heTebN wanants and represents to lender that there are na Hazardcus Materials on ar f
<br /> ' undet the Property.Trustor hereby agrees;o indemnity and hold harmless Lender,its directors,officers,employees and agents,and � � ...
<br /> . any�successors to Lendei s interest,fram art�against any artd alf ctaims,damages,losses and liabilities aris:ng in cannection with � � �
<br /> the presence,use, disposal or transport af any Hazardous Materiats on, under,from or about the Pr�er[y. THE FOREGOING
<br /> � WARRANT(ESA�1E)RfPRESENTATIONS,����TRUST�A'S08tICaATiOVSPURSUANTTOTHEFCi�•-GC�NCaINaFMNiTY,SHALL -
<br /> � , SUfNfVE RECOI►S�lE.YANCE OF THIS��QF TRUST. � �:.;�'i'�;<:;"..�.•;::,"
<br /> ' .>. .-�...-.. ::::
<br /> 10.-Asstgnment ot Renb.Trustar heretsy assigns s Lender th.e re�ts,issues and profits oi the Propevty;Fravided that Trustor .
<br /> shal�until the occurrence of aas Event of Defautt hereuc�E:;have tne rcg ht to coAect and retain sucb rents,iss�;�and profits as they
<br /> ��came due artd payable.UFe:�the occurrence qf ar��re_t o!Defa;:?�Lender�aw.either in person or bp a�.n�with or without � �.
<br /> • bringmg any action or proceQa:�:g,ar by a ceceiver ap�;atac!by a e���.and v�t���t regard to the adequac�ot fts sece:rity,enter - �� •.
<br /> upon and take possessinn of L�e r r6peRy,cr any p�rt thereaT;i�ifs a;n�r.a:ne or i-i the name of the Tiustee,and daany�r,^�which it
<br /> deems necessary or desirable t�preserve t�e vatue,marketabi liry or rEr.ability ot t�e Property,ar any part theree`cr ir eres�z��erein, �
<br /> , increase the income therefrcrs�or pratect the securiry horeof and,wiih or wift:a;.d taking possessian of the Fc��ert�.sus for or'
<br /> otAerwise collect the rents,issues and profits thereef,lr.cluding those past due a?�unpaid,and appiy the sa:ne,less eosts�nd �
<br /> . . exQenses of operation and collection irtcl�d:ng attorre�s tees,upon any indeCt�Sc:e3's secured hereby,ali irs such orderas�ender -
<br /> • may determine.The entering upon an�takir.�possess:an af the Prc�e�ty,the raf;�chan oi such rents,issues and profits and the � •`'
<br /> application thereof as aforesaid,shap not cC:re or waive any detault or notice of ctefauR he;c�:::�der or invalidate any act dona in ' � � '
<br /> ' res�onse to suCh�elault or pursuant to sucn n��ice of deFault and,nc,w�:hstanding ihe continuance in possession of the Praperty or � " r �
<br /> th�cotl�tton,reeeipt and applicatiort ot rents,issues or rrofits,and Trustee ana Lender shal!be entitted ta exercise every rtght ;;:f��.
<br /> pr�^viQe�ttor In any of the Loan Instruments or by law upc^occurrence of any Ever.t of Oetaul�including Viitho�limitafian the right ". .....
<br /> to�xer�ise the power of sale.Further,Lender's ri,Ahts and remedies under this paragraph shatl be cumulative with,and in no way a ;
<br /> limitalion on,LenQer's rights ancf remedies under any assignmentot leasesand rents recorded against the Properiy.Lender,Trustee �
<br /> and the receiver shall be liabte to account onty for these rents acWaUy received. ?
<br /> 11. E��nU of Delault.The toilowing shalt constitute an Event at Qefault under this Oeed oi Trusx � �
<br /> (a) Faiture to pay any installment of principal or lnterest of any ather sum secured hereby when due;
<br /> (b) A breach of or default under any provision contained in the Note,thls Oeed of Trust,any of She Loan Instruments,or any �
<br /> ' ottter iten or enCUmbrance upon the Property; -
<br /> (c) A writ oi execution or attaChme�i or any simil8r process shall be eniered against Tr�stor which shall becolr►e a lien on � —
<br />: the Property or any poRion thereof or ir.ze+est therein; •F �
<br /> (d) Thete shall be filed by or against Trustor or Borrower an action under any present or tuture federal,state or other {�•
<br /> statute,law or regulation retating to bankruptcy,insaivency or other reliei tor debtors;or there shall be appointed any trustee,
<br /> feceiver or Jiquidator of Tr4sior or Borrower or of alt ar any part of the Property.cr lhe rents,issues or profits thereof,or Trustor •
<br /> or 9orrower shall make any genera!assignment tor the benefit ot creditprs;
<br /> (e) The sat6,transfer,tease,assignment,conveyanCe or furtherencumb�a^cs ot all or any part ot or any intereat:n the ;
<br /> Property. either voluntarily or invotuntarily, wlthout the express written cons�nt of Ler�der; provid8d that Trustor s`�-�I be � >
<br />, permitted to execute a lease ot fhe Rroperty that daes not contain an optinn to R::rchase and 1he term of wh:Eh does no!exceed
<br /> une year, ,
<br /> (� Abandonment ot t�se Property;or , •
<br /> (g) tt Tr�;s'_flr is not an individuat,th�issuance,sale,transter,sss:gnment,conveyance or encumbrance of more thaac a total �•'� '
<br /> ': �.�
<br /> ol____�.percent ot(�t a corporation)its issued and outstand�rtg stock or(ii a partnership)a totat o}___. percent ot �
<br /> partne►shlp interests durirt,�thp p0rio�this Deed c:Trust remains a lien on the �roperty.
<br /> 12. R�m�dNs;AceNuation Upon ON�ult.In the eve�:of any Event of Defau�t tender may,without notice except as required by �
<br /> law,declare aIi indebtedness secured hereby to be due and payable and the same shall thereupon become due 2rtd payable
<br /> without any prese�rtment,demand,protest ar notice of any k�nd.Thereafter Lender may:
<br /> (a) Demand that Trustes exerc�se c'te POWER 4F SALE granted herein, and Trustee shatl thereafter cause FiL;sfor's
<br /> �Interes!in the Property tC D�sotd and i�e proceeCsdo be distributed,�all in-the manner prov:Ced in the Nei�raska Trust Deads�- � ��� � - - �-�- -
<br /> . ._. ....---- act: ..
<br /> (b) Exercise any�rtd��t nghts prourded for.�n any ot the Loan Instrumen;s or by law upon occurrer.ce ol any Event o}
<br /> , Detault;and
<br /> . . (c) Commence an act�on to toreclose this Oeed of Trust as a r~;rtgage,appo�nt a rece�vs�,or specificai:y entorce ary ot the
<br /> covenants hereol.
<br /> No remedy herein coMerred upon or reserved to Trustee o�Lender�s intended tC tie ex�iusive ot any oiher�Emedy hereirt,in the .
<br /> Loan Instruments or by law provided or permitted,but each shall bu cumulative.s~a.be m addrtron to eve-1 o:her remedy given
<br /> he:eunder,in theloan Instruments or npw Or he�e8fier exis6ng at ta•r�or in equiry orby statute,and may tseexc�crsed toncurrently,
<br /> independentty or successively.
<br /> 13. TruftN.The Trustee may ressgn at any 1�me wi2tiout causa,and Lender may at an, �:�:: a-�d without cause appo:nt a �--'-- -
<br /> sucsessor or subsbtute Trustee.Trustee shall not be liableto any parry,including without limita�r:.�Lender.Bonower.Yrustor or any '�
<br /> purchaser of the Properly,tor any loss or damage unles9 due fo recktes5 or wdNul misconduct,and shatl not be reqwr�d to take any . .
<br />, ection in ConneCtion with the entOrCement o!this Deed of tru9t unless indemnitied.in writing,tor all costs, compensation or
<br /> expenses which may be associated th�rewith.In addit�on.Trusfee may become a purchaser at any sate o1 the P►ope►ty�udicial or ' �
<br /> ttiiEf6�E�i6 pCiWef tif Setb gratttvti fieteirij;uv5tpnne tfia sate of aft or any portian ot the Property,as�rovided try taw;or SBtt th8 � :.;.,;,�
<br /> PropoRy as a whote,o►in separate parCels or�ots at Trustee's discretion.
<br /> 14. CNS and E�p�m�s.In the event Trustae sells the Property by exercise o1 power of sale.Trustee shal!be ent�tlo�to appty �
<br /> I any sate proceeds first to paymant ot alt costs and expenseS d4 exerCising power of sale,includmg all Trustee's fees.and Lender's �
<br /> ��•. 8nd Trustee's at2oTney's fofi9,aCtue�ty irtCUrred to�irtenf permitted by eppiicabte taw.ln the event Borrower or Trustor�rerc�ses nny
<br />. rigMpravided by law to eu►e an�venf of Delault.Lt;nder sha�! b�ent�f►ed to recover trom 7�ustor:�II costs�nd oxpenses act�ally �
<br /> • in�uued as a res�tt oi�rustor's dotau�t,inC�ud�ng w�lhout Im�Ftatian a�l Trust�e'S�nd altbrney's tees. to the extQnt permitted by
<br /> appt�Caate law ��
<br /> . /5 Fntur�Advaotts. Upan reyuesf ot E3o�rcrwor, t F�n�e+ m�ty,,�t +ts o�t�c�rt.rr+�kv r�dd�l�vn��I i�rrci tuturc�tc#vaficus and r�-
<br />- �ItJvilfiGf73�fr�4i(UVibf SIiG�A[fvc�nCaS�in�r83�V�nC�s.v1Rft mterestthereon.s�atf tr�secu�ed by lhis ti��d cf�T�uSt At r,�i t��F��fi�►t � sr.� .."� �
<br /> thts pnnCi{1al�lrnott�!Uf 1t�E u,t�ebtHl7nN5S St�CU+erd�f thi�U8lCS ot Trust,n�t�nclt�dmy sums:fdv,f�:[,c�d fo vtotect t��E+sacurity c�t th�s
<br /> . fJ4�id 4t tr�I�.t,GfC4_�kd th.v ot�yaiw{p��nG'�p�'11 atr�Ul��t Stilte�hF,+r4tin ��$ rvlu�rrvHr ry yre�tE*r:
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