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<br /> _ " �' - '�3F _�rr__ '`- f[�3� �ii�`-�ad`iE,�' rZ� ..t _ .�.' r;�F�._.
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<br /> 90--i0�.�s� �
<br /> ` t�e Property is so taken ar damagod.Lender ahalf have the opUOn.�n us sote and ab&otute dr;�Cret�on,to appty atl autR Prateeds,
<br /> etter deduating thereiram ali costs and expenses fnrurred by it in connaction with suah Proceeds,upon any tndefltedness eecura�. -
<br /> hareby and irt such orderaa LenQer may determine_or m appiy a�t sucn Proceed�after sue!►Geductions,ta the restoratio+�ot�ttcee � •�"
<br /> � Property upon such ds�nditions as Lender may determme.Any apptication o!Proceeds to indebtedness shaU�Qtextend or pastpor� � •
<br /> tha due date ot any payments under tht�Note,or ture enp detautt thereunder or hereu�der.Any unappiied tunds sha11 b�p�1.id£0
<br /> Trustor.
<br /> 8. Pfrfonet�nC�by f.�nd�r.Upon the occur�ence of an Event of defAUtt hereuoder,or if any act is taken or tegat praceeQi►�•
<br /> ccmmenced which materiaity atfects Lender's interest in the P�operty.Lender may in its own discretion.6ut without oDllgatiora to da• � ,
<br /> so,and without notioe to o�demand upon Trustor and withont►eteasing Trustor irom any abl�gatian,do any act wh�ch Trustor h�.s
<br /> agreed but taiis to do and may also do any other act it deems necessark to protect the securiry hereof.Trustor shall,immedi�ig�y, '
<br /> upon demand theretor by I.ender,pay te lender a11 costs and expen�es incurred and sums expended by Lender in connectio�x witti�
<br /> . the e�ce�cIse by Lender of the toregoing rig�ts,together with interest thereon at the detault rats provided in the Note,wbi��s sh�lllsa
<br /> adde0 to the indebtedness secured hereby. tender shall not incur any liahility because of anything it may do or omit to da•
<br /> Aereunder. ,. �
<br /> 9..Ha;ardous Mate�lats.Trustor shali keep the Property in cnmpliance wim all applicabte Faws,ordinances and regulax�or�s •
<br /> , retating to indusiria�hygierte ar enviranmental protection(cotteetivety referred to herein as"Environmentaf Laws"►.Truscar:sh�i;
<br /> keep the Property�nee from alt substances deemed to be hazard6us or toxic under eny Enviranmental taws(collectivety ret8rre�Stp .
<br /> herein as"Hazardous Materials").Trustor hareby warrants and represents to Lender that there are no Hazardous Met8ri3fs on ari .
<br /> under the Prapetry.T►ustor hereby agrees ta irtdemnify and hold harmtess Lender,its directors,o�cers,employees and ag8�?S,a�rtt �
<br /> any successors to Lenders interes�irom and against any arsd ai[ciaims,damages,fosses and liabitities arising in conriecu4��ritti; � • ''
<br /> 4L*.Q prssenoe,wsa,disposal or trensport nt any.Hazardous Materials on,urtder.�ram o:.a60ut-the Praperry.THE FOI�EQCINt; _
<br /> • . . �RANTIES A14fl REPRFS�VTATIONS.AAID TRUSTOR'S OHLIGA7IONS PUR�AJVT T�ThfE FOREGfllN(i fNDEMNtT`!,SHAt.�: �: �
<br /> � �'FlRVIVE F1EC�Jl4'VE'!A..►�:�:.''Jr THlS�K-D OF i RUST. •
<br /> . "" 10. Assigr�an�:.crltt�er^�i,Trusto�hern�y assigns tn Lender ttte.rents.issces.�^d�rc�if�c«s�s Fropetry:providect t1;at Trtister. ` � •
<br /> . • shail,untit the��::;�rertce of an Event at�a`.�i:�t here�nder,haue the_s3nt ta cd�.�and refair svJ�rents,issues and pres ii,s�th�� �
<br /> �e^..ome due a:��payabte.Upon the occ�.:�r:ce ef�r*L-vent of Ga,"a•..,�,Ler.der rray,either;r.person ar by agen�wEtfy ar�itizout
<br /> � �r�rging any aotion or.praceediqg,or by a rece�y:r ar����d,w�a court and tivrttrout r�gard to the adeq�:a..�ot its sezutt�;�c'+.ter ..:. .
<br /> • - ��an and take passession af the Property,arany;p����:��?�'.���,�wn name ar irs the name of theTrustee;=�ddo anyac[s��.;��t '
<br /> ,c deems necessz�or desirabte to preserve:.�s vatue:�-�r�ce�s;�t�c�rentabitiry ot ihe Property,ar any part thereof or inter�..`tft�ar�.c�. '
<br /> increase the imc�s�e the�ettom or pratec`:r*.e sec�rt^y� horeaf and,with or without taking pns,session of the Property,�c:�toc oc ' .
<br /> etherwise cai:�t;!�e rents,issuss ar.d r:�`�thereaf. :ncluding those past due and unpaid.���app'y the same,less costs ansl . �
<br /> ��&^ses of oRe;�*crs�rr�c i;%!�C2tCn 1-^.�,s:+�:ng attomer s fees,upon any indebte�-ess securest h�reb�r,al i!-such order as Lender: ' � . �
<br /> may,:�termine.T1-�snterir.�;�.;�a:�r ac-d�:king poss..ss:an.af the Property.:he cal.actton of suct�re:�t�,I��rs ans!profits and the �• •• . `_
<br /> ��is�fion ther`eot as afar�i��halt rr�t cura or walve any defautt or notice of�efault hEre�,-��r or invatidafe any aci done in ' � -
<br /> response to such default or pursuant to�uc►s natice of default and,ne�s�h�tar.C�1g i.`�e cantinua!-re in possession oi the Property ot �
<br /> _ the coitectlon,receipt and application otrents,issues or profits,an�7rustae and tertder shail be entitled io exesctse every right •
<br /> � p�ovided for in any of the Loan Instruments or by law upon occurrence of any Ever,t of Default,inciuding without limitation the right��
<br /> to exercise the power of sate.Further,Lender's rights and remedies under this paragraph shati be cumulative with,and in no waya
<br /> � limitation on,Lender's rights and remedies under any ass�gnment of leases and rents recorded against the Property_Lender,Trustee '
<br /> and the receiver shall Gg Ilabte to account only for those rents actualty received. � .
<br /> 1 t. Ev�nb of ONau1t.The following shall constitute an Event of Default under this Deed ot Trusl: :;
<br /> (a) Failure to pay any installment of principal or interest ol any other sum secured hereby when due: •.�
<br /> (b) A breach of or detault under any provision contained in the N�te,this Deed ot Trust,any of the Loan Instruments,or any ��•.:�:
<br /> other lien or encumbrance upon the Property; '�.�
<br /> (c) A writ of execution o►attact�mert or any srrr�ita�yroeesa sltiafi be entered againsi Trusior w:�1ch stiaH becasrte a tien on - - '—�
<br /> the P►operty or any portion thereOf Or interest therein; '; �
<br /> (d) There shali be filed by or against Trustor or 8orrower an action under any present or future fAderal,�state or other �
<br /> statut9,law or regutation relating tp bankcuptcy.insolvertcy or ather relie(1or debtors;or there shal!be appodnted any trustee.
<br /> receiver pr liquidator of Trustor or Borrower or of all or any pari ot the Property.or the rents,issues or profita thereof,or Trustor �
<br /> or 8orrower shal!make any general assignment tor the benetit of cred�tors;
<br /> (e) The sate,transfer,fease,assignment,conveyance or further encumbrance of ali ar any par!of o�any int�rest in the :,. �
<br /> •Property, either voluntarily o► involuntarily, without the express wrilten consent of Lender;•provided that Trustar shall be
<br /> permitted to exeCuto a lease o!the Prcperry that does not cont�in an optian to purchase and tFte term o1 which dces not exceed :s.�'
<br />' one year, � �, �;
<br /> ($ Abandonment o!the Propernp;or .
<br /> (g) It 7tustor is not an irtdivi0u�}�tne"rssuance,sa�d;transf�r,assignmpnt„Cmnvay3noe or encumbrance oi more than a totat `�'�'
<br /> . : ; ':
<br /> of 51� percent of(it a corporat�ory it5 issued and outstan¢iimg 5tock'or�(i1�e partnership)a tofal,of percent of
<br /> partnership interests durirtg the perios this Oeed�I�i'rus°rem��r�m a iidn�oa�the�P►operPj.
<br /> 12. Fiem�di�s:AceN�rstlan U�Ipn QNsulf.Iri the ecant df gny±�v�nt�f�af�ut��ieader may,without noLCC except as required by �
<br /> law,Oectare all indebtedne�seCUred hereby to�be ddd�and�payapfd�and�the same sha11 thereupon became due and payable
<br /> without any presentmentl dernand;protest or natice af any�kind��Thbrealter�Lender may: •
<br /> (a) Dem�nd�thAt Truste9 exercise�the�POW�R OP=SaLC�g�pntdd herein,and Trustee shaU thereaher c8use Trustor's
<br /> ._..___.......__interest in_thg.Ptbperty to be sold and•thg prvcoe�g'ta�be'di�;rldbted.a111n the manner provided in-the Nebraske�Tr�st-Deeds�- - � �----�- ---�-
<br /> ACt: . +
<br /> (b) Exercise any and atl rights provided tor in�anp r�i the Loan Instruments or by law upon occurrence of any Event of
<br /> , Defaul�and
<br /> (c) Commenee an action to fo►eclose this Deed o1 Trust as a mortgage,appoint a receiver,or specifically entorce any ot the
<br /> Covenants here0f.
<br /> No remedy herein Conferred upon or reserved to Trustee or Lender rs intended to be exclusiv�of any othe►remedy herein,in the
<br /> Loan tnstrumonts or by law provided or permittecf,but each shatt be cumulative.shall be in addition to every other remedy given
<br /> t�areunder,ln the Loan lnstruments or npw or hareafter existing at!aw or�n equity c r by stFttute,and may be exerc�sed cortcurrently,
<br /> irtdependently or suCCess�v2c�. ,
<br /> 13. Trustw. The Trus?ee may�esign at any Ume rr�thout cause,and Ler�e� may et any time and withaut cause a��a,ni a " ��
<br /> successOr ot sub9titute 7rus:pe.Trustee sha11 no!be lEable to any parry.�nctuGvsg without limitatlon Lender,Borrower.Trus?���or�ny �
<br /> purchaset ot the Property,t�-any loss or C3mage unless due to reckless o�w•,�"u�m�sconduct,and shatt not be required Y�raxe acy ,
<br /> ac!��n in conrtect�on w�th t"�p eMorcezrent of this�eed of Trust unl�sg �nCe:-n�'�ed. in writing, lor all co�'s,compensat.on cr ,
<br /> ' �•!;�Hnses whictt may be ass�ciated therewith.In addition.Trustee may become���rchaser at any sale of?���Prap�rty�judicial or i
<br /> : ssaidcr Shc�awra 8i sat�s gras�tacf#�ereits};ppgfpOn6 thb 58f6 Vf 8{f vt 8�ty pvrfiott vttite Rropetty. as provi�e�by faw:rn seif the ��
<br /> p�cpgrry as a whute,oi in separate parcets or lots nt Trustee's disCreUan, � �
<br /> t4. F�a anA Eup�ns��.ln the event Trustee se11s the properry by exerc�se o!power ot sale,Trustee shal►be ent�tted to apply
<br /> � i any sald proCeeds lust td peyment o1 all Costs t�nd expenses o}exerC�smg powe�of sale,includ�ng all Trustae's tees,end Lertder's ��•
<br /> L Hnd Trustee's attorney's feos.actuaily incurred to�xtent porm�ttod by�7ppii��bl�taw fn th.t�N�dnt�ortOw�r o►1'rustor p�cerC�ses��ty �
<br /> r�ght providBO by I�w to Cwe an Event bf detault.Lender shall be enhti�d fo reeovt�r from Trustor all casts and��penses aCtualiy P•
<br /> ��CUn$d es 8 re3ult Ot Trustot's delnuit. inCfuding w+thE�ut timitatibn all FrustE7v'� and �ttorer�ys t��y, ta t��e pxtent petmitted by tQ
<br />. bPDIic�01g law {Gf�
<br /> 15. FUtUt� AdY�l1CN.LJvvn�cqiiest at Bdrrbv�ar. ios�der may. at�ts apt�a�, n�,�kr, :s�;tlittt5tlii�itlt� 1���LtTE il�V�i�t!'4!S and rG- _�
<br /> t7t�VJl{Cf�&t5�C11�()fl$f St1CFf r7dv�3itGC�3�7nd�C7dV<ift(;f.�-.W�}It tt�tl;try'ff�erf'C�r Sh;11f t7i7 SFtii•f�R t�y thr5 6E�Ed Gf TfiiS4 l"at��S�mE'Sf/ilii 4' - '"
<br /> t`�B j�llrt�I�tUI atrUUnt Ot th0�t1;1Nb!lidnt3S3 SAGUtCicZ[i�tti�5�)E�E)Cf!.f Tr�,�g�,hpt�nClu���•r 5u�3��dv3nCE'��tc�;�•ntt��.f 1t:v S.'cu��t�v}th�S
<br />_ �flf!d trt TruSC E1+L'EUA ttctr engmtil pnnav�fi:�rnr_,tjr,t S!atucl hr.re�n.c,i C�.t�)t�IU�1.�U ,�te•, �,t•rHr ��.A�t��.�'.t�r
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