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<br /> , . ` . ' - - - -- -- -- � �- ----�--------... -----.. - <. ' .
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<br /> • tha RropeRy is sQ taken or damaged,Len�er shall have the option,in ifs sote ar►d absbtuie d;scretion,to appty aN such Prcceeds, � `
<br /> atter deducting theretrom alt cosb and expenses iricurred by it in connection with such Proceeds.upon any indebtedness secvrad �
<br /> he�eby and in such order as Lender may determine,or to apply att such Proceeds,after such deductions,to Me resforation of the � •
<br /> � Praperiy u�on suGi conditions as Lender may dete�mirte.Any app�icatian ot Procegdsto indebtednessshal!not extend or postpone � ,
<br /> the due date o(any payments urtder the Not�,or cure any detault thereunder or hereurtder.Any unapplisr!furtds shall 6e paid to
<br /> ' Trustor ' - . . � , - `
<br /> . 8. P�rfamancf by lendtr.Upon Me occurrence ot an Erent af Reisuti hereunder.�r if any act is taken ar teQat proceediitg
<br /> commenced which materiatty affects lender's interest in the Froperry,Lender may in its own discretion,but without obtigation to do
<br /> so.and without rtotice to or demand upon Trustor and without reteasing Trustor from any obligatlon.do any act which Tntstor has
<br /> ag�eed but laits to Oo and may afso do any other act it deems rtecessary to protect the securiry hereot.Trustar shatl,immediatety
<br /> upQn demand therefor by Lender,pay to Lender atl cosis artd expenses incar�ed and sums expendecf Dy lender in conne�tion witb `
<br /> ` the exercise by Lertder oitf►e foregaing rights,togefher with interest thereon atthe defauit rate provFded'm the Note,which shall be
<br /> , added to the inde6tednsss secured hereby.Leruier.shail not incur any liability because of anything it may do or omit to do
<br /> hereunder. � ' �
<br /> 9. Haz�rdous Material�Trustor shail keep the Properry in compliartce with all applicabte laws,ordinances and regufations
<br /> • relating to indusvia)hygierte or environmentat protection(coltectively reterred to herein as"Environmentaf i.aws"}.Trustor shali �
<br /> keep the Property free from att substances daemed to 6e hazardous or toxic under any Environmenfal Laws(coltectivety referred to
<br /> • , heretn as"Hazardous Materiats").f►ustor hereby warrants and represents to Lend6r that there are no kiaz3rBpus Materials cn or •
<br /> under the Prope!ty.Trustar hereby agrees ta indemnity and hold harmt�s Lertder,its direciors,officers,emp(oyees and a�ents,and �
<br /> -- _any cuccsss¢rs to lender's interest trucn artr!ag�.`r-���ancf a!!cFatms.clartr3ges.toss�ar.�liabilitie�ar1�n�irt�enrtseti�st�itfs- . . -•-
<br /> .. . tite presence.uss.disposai or transport,of any E?��4ous Materiats on.undar,from ar atsout!he Properry:7kfE FOREGOiNG • • �
<br /> WkRRANTIESANO REPRESENTA710NS,AND FRClSTOA'S OBlICaAT10NS PURSUANT TO THE FOREG01NCa INDFNiNITY,SHAL! '
<br /> � SUAVNE RECANVEYANCE OF THlS QEED QF TR�tS�
<br /> 10. Assi�nm�nt M Renb.Trustor hereby assig�s,to Lenderthe rents.issues and profits of the Prn��T�r;provided that Trustor � .
<br /> • shaU,until the occurrence of a�Event of Oefault hereunder,have the right to coilect and retain such ren�;�sues and prafits as they. � .
<br /> 6ecome due and payable.l��on the occurrence of an Event of Default,Lender may,either in,perso»c-�y agen�with or without . . � ' �
<br /> ` brirtging as►y aetion or proceeding,or by a receiver appointed by a caurt and withaut rega.ra�r�the adeq�acy of its security;enter - �
<br /> � upon and take possessian of tha PrapeRy:or any partthereof,in its awn name o�in the name:t?:ye Trustee,and do any a�ts which it � �
<br /> , deems necessary qr desirabie to preserve the vaiue.marketabiliry or rentability of the Propert�;c'r any part thereof or int2test therein.
<br />: iricrease the income the�efrom or protect the security horeof and,with or without taking possessien of the Property,sue fcr c~
<br /> otherwise colteet the rents,issues and prof+ts thereof,.irtc�uding those past due and unpaid,and appiy the sarne:tess co�s 2a�
<br /> � , expens�s of operation artd cottection includir�g attorneys'fees,u�on any indebtedness securer!hereby,ali in suci�orC2.�s tenQBr �
<br /> may determine.The entering upon and taking possess�en ot the�roperty,the collection of s::ch rents,issues and profits and tl�e • .::�
<br /> , appiication thereof as aforesaid,shait�ot cure or waive any detault or notice oi defauN he:e�nder or invalidate any act done Irt
<br /> . , , response to sucfi default or pursuant to such notice of detault and,notwiihstanding the continuance in po�session of the Praperty or
<br /> the coltection,receipt an�applicatiar'+of rents,iss�:c-s.or,profits,and Trustee artd Lender shaii be entiuert to exercise every right � �
<br /> provideai for in any of the Loan InstrumerFts or by law upon occurrenao of any Evenf oi Detault,inctuding without Iimitation the right � ��, �
<br /> to exercise the power of sate.FuRher,Lender's rights and remedies urtder this paragraph sha�l bs cumulative with,and in no way a R .,; .
<br /> limitation an,Lender's rights and remedies under any assignment aF leases and rents recorded against the Property.Lender,Trustee ' �' �•
<br /> • artd the receiver shall be I+able to account onry for those rents actualty received. � '; � •
<br /> 11.. Evtnb oi Dsioutl.The tollowirtg shall constitute an Evenf of Oefault under this Deed ot Trust �
<br /> „ (a) Failure to pa�y a.r;y instaliment o!principal or interest ot any other S;;m secured hereby when due: �
<br /> • (b) A breach of or�atault under any provision contained irt the Note,this Deed of Trust,any of the Loan Instruments,or any � -
<br /> other lier�or encumbrance upon the Property; . • "-
<br /> (c) A writ ot exeCUtion or attac`:ment or any similar proc�ss shall be entered agai;�,*.Trustor which shail become a tien on � '
<br /> the PropeRy or any portion thereo'.c►interest therein; • �f�
<br /> (d) There shall be tited by or�gainst Trustor or 9orrawer an action under a�y present or fut�:�e federal,siate or other '-�
<br /> . '�;
<br /> statute,faw or regulat1on retatirtg to�ankruptcy,insolvency or other reliel tor debtors;or there shall be appointed any trustee,
<br /> receiver or liquidator ot Trustor or Borrower ur o}all or any part,of the Property,or the rents,issues o►profits thereof,or 7rustor
<br /> , or Borrower shall make any general assignment for the beneflt of creditors; �_ • . i
<br /> ; (e) �he sate,transfer,lease,assignment,conveyance or further encumbrance o}all or any part o}or any ir.*�rest in the - ! �
<br /> PropeRy,either voluntarily or involuntari�y, without ths express written consent of lender; provideti that Trustov shail be ' -`�
<br /> permitted to execute�iease of 4he Property that does not contain an option to purchase and the term ot which does not excee�
<br /> one year, �• �
<br /> (t}Abartdonmeni o}the Property;or � � ��>,.
<br /> , . , (g) ;t Trustor iP nat an 1ndlvidual,the issuance,sate,transfer,asslgnment,conveyance or encumbrance of mar�:;�an a total
<br /> , 01 percent of(if a corporation)its issued and outstanding stock or(if a paRnership)a total of percent of I`
<br /> partnershlp interests during the perlod this Deed of Trus!�emains a lien on the Pcoperty. .
<br /> 12. R�m�dNs;AocNt►atbn Upon Q�hult.In the event of any Event o1 Defautt Lender may,without notice except as required by
<br /> taw,dectare a11 indebtedrtess secured he►eby to be due and payable and the same shall thereupon become due and payable
<br /> wlthout any F:esentment,demand,protest or notice of any kind.Fhereafter Lender may:
<br /> _._._.__.__ ......__ .(a).Cemand�hat Trustee.exerclse.the.POWER OF_SAlE-granted here�n, and-Trustee�st�all�thereatter ca�s� Trustor's - �- �- � �� - -�
<br /> � interest in the Praperty to be sotd and the proceeds to be distributed,atl in the manner provided in the Nebraska Trust Deeds '
<br /> ac�
<br /> (b) Exercise ar.�4r;d all rights provided tor in any of the Loan Instruments or by law upon occurrer.ce oi ary Eve�`o!
<br /> �etautk and •
<br /> � (c� C�T.-nence an action to lorectose this Deed o!Trust as a mortgage,appoint a r�:,�iver,ar specitically entc��.:,��:�y cf;he '
<br /> , coven4'cs t�ereof. . �
<br /> � No remedy{ficrein Conterred upon or reserved te 1'rus_se or Lender is intended to be excfusive of any other remedy he:�in,in the
<br /> Loan Ins2rur�nnts or by law provlded or permitteC,-i:ut each shall be cumulative,shell be ir�addltPon to every other remedy given �
<br /> hereunder,:-;he Loan InsUuments or now pr hereake�edisting G.*.'.�w or in equiry or by statute,and may be exarclsed co�currentty,
<br /> independen:�y or successively. .
<br /> 13. TrustN.�he Trustee may resign at any time witho�et ra:se, and Lender may at any tinie and withput cause appoint a � �
<br /> successor or substitute Trustee.Trustee shall not be Nabte to any party,includ?r�without Ilmltatinn Lendgr,8orrower,Trustor or any.� � '
<br />, purchaser of the Property,tor any loss or damage unless due to reckless or w....';,q misconduct,and shall not be requlred to take any �
<br /> . actiun in Connection with thA entorCement o1 this Deed o1 Trust untess Ind�mnitt8d, in writing,tor a11 costs.Compensation or
<br /> .-._ exp�ses��lteicl��nay�u assesiatod tt�srawitts.t�adci�tio�s,Trustec s;tay Uecv�ne a purchaser at arty sata of the prpperty(judioiaf ar �
<br /> � under the power o1 sale granted hereln);postpone the sale o1�:t or any partion o}the PropB�},as prvvidcd Dy larl;ar sel!tfia
<br /> .. . Pr�erry as a whot�,or in separate parcels or lots af Trustee's discretion. � � �
<br /> , � 14. FNS and Exp�ns�s.In the event Trustee sells the Property by exercise ot power o1 sale.Trustee shatl be entitted to apply
<br /> any sate proceeds t}rst fo payment o!all costs and expens�s af exercising power ot safe,including att Trust�e`s fees,and Lender's
<br /> and trustee'S eltorney's/eAS,actualty inCUrred to extent permitted by applicable law.In the event Borrower or Trustor exercises any
<br /> ' right provlded by law to cyre an Event o!betautt.Leader shall be entitled to recover trom Trustnr atl eosts and expenses actually � �R
<br /> incurred a9 a ►esult Ot TruStOr'3 det8u�t, incttiding v�ithout limitatibn�I�Trustee's ac�d�ftarney's tees.to the extent permitteai b� ��
<br /> . . ApptiC5D1�I�w. . �
<br /> . f5. Fulu:�AdvaA6�s:E1par►request at dar�ov,or, Lt�ndor ntay, at ifs trptron, make add�ti6nnf and�i�t�;r6�9Vah��9 3nd fe- � -
<br /> • advances ta Barrariac Such 5dvances�nd readvancas,w�th mtprp5t th8rgpn,ShaU be 59CUred 6y thi9 ObEJd O}YtL�St At nU t�mg Shall �? �
<br /> the pr�nc�pat tlmpunt o1 the intfebtudness secured 6y Itus beN�f of Trust.a�t�r*clud�ny sums adv�ncetf fa pratect thc�sacunty al tfus
<br /> .. Q68d.Of Trusl.d�c�;od the.ong�nal.pnnc�palanaount.stated her��n.ur�:: ,wh�cheveris�rcater � : �
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