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<br /> tRe PropeRy is sc taken or damaged,Lender sha11 havathe optiors,in its sote artd aDsotute discretian.tc apply all sucb Praceeds,
<br /> . efter deducting theretcom alt cogts and expenses incurred�y it in conrtection with such Procesds,upon aay indebtedness secured � '
<br /> hereby artd in such order as Lender may determine,or to app[y al I such Proceeds.after such deductiorts,to the restoration of the ` � ,
<br /> � (� PropeRy upon such condi�ons as lender may determine.Any apptiaation of Froezeds to indebtedness shaii rtot extend or postpone ,
<br /> � the due d8te of any paymenYs under the Note,or cure any deiautt thereunder or Aereundar_Any unapplied funds shall be p�id to
<br /> Trustor. � �
<br /> 8. P�rMrm�nc�by'L�t�ld�r.�Jpon the occur�ence o}an Event ot Oefaulthereundsr,or if any act,is taken or tegat proceeding �
<br /> comm�nceQ wbich materiaity aftects Lender's intereSt in the Rroperty,Lender may in its own diacretion,but without obiigation to da
<br /> so,and without natice to or demand upan 7rustor and without reteasirtg Trustor from any obligation,do any act whicfl Trustor has •
<br /> agreed bW taits to do a��d may also do any other act it deems rtecessary to protect the securiry hereof.Trustor sha11,irrimediate[y
<br /> upon demar�d therefor�y lender,pay to Lender ai!costsand escpenses.incurred and sums e�ended by Lender in connection with � �
<br /> the exerCise by Lender at the foregoing rights.togeiher with interes¢thpreqn at the defauJt rate provided in the Kote,whicA shalt be
<br /> added to the indebtedness secured hereby. Lender shati not incur arry�liabitiry because ot anything�it may do er omit to do
<br /> hereunder.
<br /> - � Hssardous Materlals.Trustor shalf keep the?ragsrty in comptiance witt�aN appiicabte Iaws,ordinances artt!regut8tions
<br /> retating to industriaf hygiene or environme�tal pro;ectina(cqUectively referred to herein as"Environmental Laws"j.TrusMr shail
<br /> keep tFte Prope►ty free from aft substances deemed to.ba haaardous artnxic under any Environmer�L.�ws fcoltectively,referred to �
<br /> herein as"Hazardous Materials'�.Trustor hereby warrants artd re�r��ertts to Lender that thare are aa NazarQous Mater��lgon or
<br /> undei the Property.Trustor hereDy agreesYO�ndemnify and E�old harmiess lende►,its directars,a�cers,empioyeas and gc,,,x;�s,and �
<br /> arty�s.cessors to Lencler's intsresi,trase�an�againsi�.R;as�c!ai!c�aims,damages,:a�-°�an�ti��ititias arissrr�-irt cinsa�.�.�wittt. -: - -= —. -
<br /> tlze presence. use,disposal ov�artsport of any Hazardcus Materiais on; under;fr�cm or about the Properiy:THE FdF.-tGOiNG: • � '
<br /> WARf�ANT1ES AND FiEPRESEN�'ATIONS,ANO TRU3TOfl'S OBLiGATIONS PURSUANT TO THE FOREGOING INDEMNiTY,SHALI. � • �
<br /> . SUFNNE RECONVEYANCE Of TH(S DEED OF TRUST. � . �;`
<br /> t0. �sfiQrtment ot Rents.Trustor hereby assigns to Lender the re^s,issues and profits of ihe Property,provided thatTrustnr
<br /> . shall,:untii thet accurrence of art Eveni ot Defauit hereunder,have the dght to collect and rebin such rents,issues and pro�i�sas they '
<br /> , becoma d�e aRd payabte..U�on the occurrence of an Euent of Detaut�Lender may,eithe�in person or by agent,with ar withaut �
<br /> � . brirtgtrtg any action or proceeding,or by a receiver appointed by a couit and without regard to the adequacy af%*.s security,enter
<br /> • � uport and take possession of the PropeRy,or any part thereof,in�ts own n�me or in the name of the Trustee,ac�da any acfs which it `
<br /> deems necsssary or desirabte to presenre the vaiue,marketa6ility or rentabiliry of the Rroperty,or any part tf;ereof or interasttherein,
<br /> increase the irtcome therefrom or protect the security horeof and,with or�vithout taking possession of:ha Property,sue for or
<br /> Ottr�nsise collect the rents,issues and profits tbereof,including those past due and unpaid,and appiy m���ne,less costs and
<br /> ' experrses of operation and collection including attorney�'tees,upon any indebtedr�ss secured hereby,Zli in n�ch order as Lertder '
<br /> may determine.7he entering upon and taking possess�an of the Property,the collection oi such renis,iss�c-s and protits and the ` �
<br /> application thereof as atcresaid,shail not cure or wa'sve any detauit or notice ot default hereunder ar invalidate any act dane in �.
<br />! , response ta such default or pursuant to saah noti�e oi default and,notwithstanding the continuance in possession of the ProFsrty or � -
<br /> ,. . the coltection,rec+eipt and appl�cation oi rents,issues or profits,and Trustee and Lender shall be entitted to_exercise eti��right --�
<br /> , providec!for in any of the Loan Insfruments or by law upon occutrence o1 any Event of Oefault,including without limitatian the right ` •
<br /> to exorcise the powt�r ot saie.Fur�her,Lender s rights and remedies under this paragraph shali be cumulative with,and in no way a �
<br /> � � {imitation or,Lenoer'srights and remedies under any assignrnent of leases and rents recorded against the PraRarty.Lender,Trustee � -
<br /> and the rece�ver shall be liable to account only tor those rents actualiy received. ' � ..
<br /> t 1. Eaenis ol O�(ault.The folfowing shall constitute an Event of Default under this.Deed of Trust "
<br /> ` (a) Faiture to pay any mstaliment of pr�ncipal or interest oi any othE�sum secured hereby when due: •�
<br /> (b) A breach 9f or detault under any provlsion contained in the No2e,this Oeed of Trus�any of the Loan�nstnrr�y�sa,p�any ' �'_ _
<br /> other iie�i or ertCUmbrar��e upon tlte Proper[y: � -
<br /> lC) K writ ot execution or attachment or any similar process shall be entered�against Truster+nrhich shallhccom�a Iien on -
<br /> the Property or any portion th�sreof or intereSt therein;� ' '4_
<br /> �- , (d� There shall be filed by or against Yrustor or 8orrawer an action undet any p►esent or future federal,state ar other ;�
<br /> . statute,•!aw or eegulation relating to bankruptcy,insolvency or other reliet for debtors;or there shatl be appointed any trustee, t
<br /> receiver or fiquidator ot Trustor or 8orrower or of atl or a�y pa►t ot the Property,o.►the rents,issues or profits thereof,or�rustor t
<br /> or Bonower shatl make any general asstgnment for the benetit o1 credltars; '`
<br /> , (e) The sale,tiansfer,lease,assignment,conveyance or further encumbrance o1 all or any part ot or any interest ln the ; �
<br /> PropeRy, either voluntarily or involunt8rily, without the express written consenl of Lend�r, provi�ied that Trustor shall be ?� `
<br /> permitted to execute a lease of the Property that does not conta�n an opt�on to purchase and t��e term of which does not exceed '•�
<br /> , one year; �
<br /> (f) Abandonment of the Property;or � ��,
<br /> (g) If 7rusfor is not an individual,the issuance,sale,cransler,assignment,conveyance or encumbrartee cf more than a tolal ;:�
<br /> of— percent o}(if a corporation)its�ssued and outstanding stock or(it a partnership)a total of pereent o} ' � �
<br /> paRnersh�p��terests during the period this Qeed o}Trust remains a lien on the Property.
<br /> 12. R�m�di�;Accst�ratloe Upon Defaulf.In the evenl of any Event o}Default Lender may,without notice excep!as required by
<br /> , law.dec�are all indebtedness secured hereby to be due end payablo and the same shall thereupon become due and payaDle
<br /> without any presentment,demand,protest or notice of any kind.ThereaKer Lender may:
<br /> -�- �-� --�-(a) Demand that�rustee-exercise the fiOWER OF-SALE��granted-herein,and�Trustse��h�ll-the►eatte►cause�T�ustois� - --- -���- - � �
<br /> lnterest in the Property tv be sold and the proceeds to be distiibuted,all in the manner provided in the Nebraska Trusf Deed9
<br /> Ac$
<br /> (b) ExerCise any and all rights provided for�n any ol the Loan Instruments or by law upon occurrence ot any Event o}
<br /> O�fauit;and ,
<br /> • (c) Commence an actian to foreclose this Deed of trust as a mortgage,appoiM a reCeiver,or Speciticalty entorce any ot the �
<br /> cpvenants hereo}.
<br /> No remedy herein conler►ed upon o�reserved to Trustev or Lender �S iniended to be exclusive of any other remedy herein,in the
<br /> Loan lnstruments or by��w pravided or permitted,but eacn shatl be cumutative,shall be in addition to overy other remedy given
<br /> hereunder,lrt the LoBn Instruments or now or hereafter ex.sbng at law or in equity or by statute,and may be oxercised concurrently, �
<br /> independently or successivety. ,
<br /> 13. Trust�e.The Truste� may resign at any time +��thout cause,antl Lender may at any time end without causa appoint p '
<br />, successor or substitufe Trustee.T�ustee sh�;�rot be liable to any pariy,including without timitation Lender.Bor�owar,Trustvt or any �
<br /> purChaser ol the Preperry,tor any loss or darr.age vnfess du�to reckless ar willful misconduct,ar.d shal!not bv required to take any �
<br /> aCtion in connecUon with the,eni0faemerit.Of tltis[leed ot Twst unless indemndied, m writing,lor all casts,compensat�on ar .
<br /> ' exyvnses whicfi may tra associat80 ttterg{�ritFS,tn�dQjtion,Tvustee may 6ecome a purohasei ai�ny sate o1 fhd Property�udicial or ' t
<br /> ' urtder the powe�of gale grapted her�iny pqstpone the sale ot all csr�ny portion of the Proparty,as pravided by law;or seU th�
<br /> P►ope�ry as a wfiote,a in separato parcelS m lots at Trustee's discrelion. �
<br /> '14. ie�i and Exp�ns��.In the event Trustee sells the P►operty by exerCise of power ot sate,Trustee shall be c�nt�U�d to appty
<br /> � ar+y SatA proceeds first ta payment of�It c�sfs�nd Hxper,ses ol exareismg power at sale,including all 7rustae's fc�es,and Ldnde►"s
<br /> and Tru5t6g's�ttorney's teeS,�Ctua:ty uicurre�f tn ext�nt permifled by�pplic�b�e law.Irrthe event 8a►rov�er ar Trust�r ux�re+s�s��r�y ,�
<br /> right prov�ded F�y I�w to cure an Evant�t betau►t,(_Hnd�t 9hH11 be en1i110d to tE�COVE�►}tom Tru5t0►al�CCysts ettd expHhSeS�CIua1(y ' '�.,
<br /> mcu�rgd as a r�sutt nl Tcustor'9 dettfulf. �nCludiny witnbut��mdation all fru,tcte'S and �itt�rney"S tees. to the E�rtent p�rrn�tte�f hy
<br /> apV+tCfibt0law � {�}�
<br /> f5 F[rtqre AdV�Q�4i: Up�n ioquesf t�f 9t�rt�wEr. Lender m�y:at+ts oLtior�.ri�ake��id�tr�,�+t.>!:�r�c� 3u!u�c�au'vaezeas.ertc} e�*- �, r' ,';°s
<br /> ad��nCbs tp porr�yydr Siith adv7nce5 e�d r�AJ�F1nCF)S,viith�ntbrbSt thErkuti,sh�;!I bN secuted hy thi,Qe{1tf ul 1'ruS} liS nb brz�u Sh�t�E �'� "
<br />• th�;,r�G�p.�laFnou��►Ot ti+v�r�Ue�btEdsTdsg s�rcure:l bYth,�[JttUd ot 7rust.r«,s�r�c�udm�j s�,rT.t��dv��n�ecf t��pr�,t�rc;thy se�urty ot fr,�s
<br />' - {I�eQUtTr�St GdGCOdtt�crur� u+t�l.pnnG� d{�r�� , c;r �3£3 �17E1.f3� << ��,r i�gee��t4:� . . . .
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