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<br /> the��operty I�sa te►ken ar dnmaflecl.Lender ehall h�ve the option,tn ita sole and absotute discredon,to eppiy all such Pra�eeds.
<br /> st'te�deductinp thare(rpm all Costs And expensea incurred by it in connection with such P►aceeds,upon any Indebladneaa aacured
<br /> � hereby and i�such order ee Lender mmy determino,ar to appty all auch Proceeds,after such deductions,to the reatoratlo�olttus
<br /> Propsrtyr upon euch condltlons aa lender may determine.Any epplication of Proceeda to i�debtedness shall not exlend or postpone
<br /> ths due date ol any pAymentx under the Note,or cure any deta:�lt thereunder ar hereunder,Any unapplied tund�ahall be paid to
<br /> Trustor.
<br /> 8. P�r1o�c�Qx I.tndN.Upon the oCCUrro:��a-.t a:�Evont ot De�autthereundar,ar if any act ia taken or teQal proceediF?g
<br /> carme�zCect r�hi�h md�r��ty aNacN lender'a inieres3��a�.�sa��ro�arry.Lender may In its awn dlacreNpn.but witRoulei!�?i;,�atiQ�tod+�
<br /> so,and�ci°J��utr,riui�se Qp�1 demand r�Ron Truator end with��,;:t n.a,�asing Truato�irom any ablisatian,do any act wh;�Dn Tsuatorh.a3
<br /> a�reed D�1:f��s�a��a�n��Qy alsA c�a any othe�act it deamq n�;.2asary ta protoot the s��4otty hereol.Truator she�il,tm�►a+cilataty
<br /> ' upon d�ma°r�theretur tz+y lender,pay to Lender eil casta and ex;���ea inausred and�uma expended by Lender in conneotion with
<br /> • the axerci=e by Lender ot the forepolnp►i�hts,togath�r with interest theraa�at tha deiault rets p�ovided in the Naie,whiah shall be
<br /> � Added to tha Indabtedneaa securod hareby. Lender shall nat innur any Uabllity because ot anything it may do or omit t0 do
<br /> + hersunder.
<br /> ! 9. Hua�doui IN�Mdalr.fiustor shall keep the Property in comptiance with a11 applicabte taws,ordlnancea end reyulatbns
<br /> • rsl�tiny to industrlal hyylene or environmentai protectlon(cotlt+ctively reterred to herein as"Environmental Lawe").Truator thall
<br /> � kMp ths Property trae from all�ubstancss dsemed to ba hazardoua ar tnxic under any Environmental l.aws(collectively�efa�red to
<br /> h�sin�s"Huerdou�Mal�ttals"►.Trustor hereby wdr�anta and represents to Lender that there are no HezBrdou�Matarl�ts on or
<br /> undar Ih�Property.Trustor hereby agraes to Indemnify and ho�d harmless tender,�ts dlrectors,�fficer�,emptoyeea a�d agents,end
<br /> any succ8lsors to Lendei s intereat,from and aga�nst any and all cla�ms,damages,losses and I�abil�t�es arising m connectian w:th
<br /> the pratence,use,disposAl or Iransport ot any Hazardous Mater�als on, under,Irom or about the Property. THE FOREGOIN(3
<br /> WARRANTIESANQ REPRESENTATIONS,AND TRUSTQR'S OBLIGATIONS PURSUANT TO THE FOREGOINO INUEMNITY,SHALL ,
<br /> SURVIVE RECONVEYANCE OF THIS OEED OF TRUSL
<br /> , 10. Asfi�nRNnt ot R�nb.Trustor hereby asslgns to Lvnder the rents,issues and prol�ts ot the Property;provided that Tru9tor
<br /> aAall,until the oCCUrrence of an Event of Detault hereunder,have the rlght to collect and�ataln such rents,isaues and protits asthey
<br /> � become due and payable.Upon the occurrence of c�n Event ol0efaull.Lender may,either in person or by agen�with or wilhout
<br /> • brinpi�p any action or proceedinfl,o►by a receiver appomted by a court and without�egard to the adequacy o1 Its securlty,enter
<br /> upo�and take posseasion oi the P�operty,or any part thereot,in�ts own name or in the name oi the Trustee,and doany acts whlch it
<br /> deems necessary or deslrable to presorve the value,marketabil�ry or rentab�l�ty ot the Property,or any part thereof or i�terest therei n,
<br /> inCreaae the lncome therelrom or protect the security horeot and, with or �vithout takmg possession ot the Property,sue ta �r
<br /> otherwise colleCt the rents,issues and protita Ihereof, mcludmg those Fas:due and unpaid,and epply the same, :ess costsared
<br /> expensea of operation and collection�ncluding attorneys'teea�toon any.ndebtednass secured hereby,all in sucha��der as Lender
<br /> may determine.The entering upon and taking possession o�the Prope►ry,the collect�on oi such rents,issues ar.d�,�rpfits andthe .
<br /> applicatiom 4hereot aa aforesaid,shall not cure or waive any Cetautt or not�ce o1 de}ault hereunder or�nvalida'a a�y act dong in �
<br /> � re�ponseto suCh datault or pursuant to suCh notiCe of detault and,notwithstanding tho continuance in pos9esSion C`=�6 Property�r .
<br /> the collec�on,rece�pt and applicatian of rents, �ssues or prof::s.and Trustee and Lender Shall be entitled to exerc�5e every nght �
<br /> � providect tczc in a�y ot the Loan Inst�uments or by law upon occu°rence ol any Event ol Defau�t,includmg w�thout lilr.�Catlon the rig ht
<br /> '. tQ 8�°fCt9!`!�!9�?OWE►�O�!+a�A.FUlthef.Lender's nphts and remecf�es under thia paragraph shall be cumulative w�th,and 1n no way a -
<br /> limitatio�on.Lender's rights and remedies under any ass�gnment of laases and►ents recordod aga�nst tne�roperry.Len�fer,i rusirsn :':�`
<br /> and the receiver shall be Uabte to account onty tor those rents actualty received i"•
<br /> 11. Ev�nb ot OMau�.The tollowing sha11 consUtute an Event af Defa�c�t under th�s Oeed ot Trusc
<br /> _-_ _ (�j. t'8ifur9 io pay any irisitstimerii Gi priitci}'�ai vi i�ric:c5i Oi ai'ir 'vu�&�b'viii 88i.v:o3%So:oDy'�!�^o^�U'v: _
<br /> (by A breach of or detault under any prov�sion conta�r.���n the Note,th�s Oeed of trusL any of tne Loan fnst��.:ments. orany . -
<br /> othe�l:,ea o� encumDrance upon the Properry;
<br /> � (c} Awrit of execution or attachment or any sim�lar�r�cess sha't Ce entered aga�nst Trustor which shall become a lien on � ,
<br /> the Propery or an�+ portion thereol or intere9t therein, _
<br /> ��) The:e sha1i be iiled by or against T�ustor or 8c�:;.wor an a�t�an under any p+esent or future tederal. state or other �
<br /> sta::,^.e.!aw or regulation relating to bankruptcy.�nsolve��v o+other rel�el for debto�s,or tnere shall be appointed any trustee,
<br /> � receiver or liquidator o1 Trustor or Borrower or of a11 or a^y part o1 the Property,or the rents,►ssues or prof�ts thereaf,or Trustor
<br /> or Borrowar shall meke any general assignment for the benefit o}creditors:
<br /> (e) The sale,tranafer,leese,assignment,conveyance or turther encumbrance of aI!or any pa�t o}or eny mteres! in tt�e
<br /> Property,either voluntanly or involuntarily, w�thout the express wntten consent oi lender. prowded tnat Trustor St�all t�e
<br /> � perrcr;lted to execute a tease ot the Property that does nc�cantam an optron to purchase and the te�m ot wh rCh does not exce2d ,
<br /> . one y��1r;
<br /> (� Abendonment of the property:or �
<br /> (g� ItTrustor is not an ind�vidual,the issuance.sat�.t-anster,assignment,conveyanca or encumbrance of m.^,re tnar. ato!al :�,�
<br /> ot perCent Of(if a Corporation)�ts issued and outstandmg stock or(�f a partnersh�p►a tOtal�f peccent o1 .�^
<br /> partrtesship interests during the period this Deed ot Trust remains a hen on the Property
<br /> 12. R�m�dl�o;AccM�ratbn Upon D�lauN.tn the evert c!any Event of Delauit Lender may,without natiCe exCept as req:,:►e0 L7y
<br /> � law, deciare all indebtedness secured hereby to be due and payaDte and the same shali thereupon became due and Gayatsle
<br /> without any presentment,demand,protest or ncssce of any k�nd Thereafte► Lender may
<br /> (a) Oemand thaf Trustee exerc�se the POWER OF SALE granted herem, ann Trustee shatl thereafter cause Trus;or'9
<br /> �nterest 9n tF�e P�operty to be sotd and the procesds fo be d�stnbuted,all in the manner prov.ded �n the Nebreska Trust Oeeds
<br /> ' Act:
<br /> (b) Exercise any and ali nghts p�ov�detl fo► �n any of the Loan Instr�ments or by law upon occurrence ot any Event o1
<br /> Defauit: and
<br /> (C) �ommonce an�el�on!o lureClO&g lt:�9 Deed ot Trust as a mortgage.3ppo�nt�reterver,o�SpeC�tiCa��y enfarCe�n T olth8
<br /> covenants�eret�f.
<br /> No remedy herBrn Conferred upon or reserved to Trustee or Lender is intended to be exclus�ve o1 any other remedy herein, mthe
<br /> Loan Instruments or by law provided or perm�tted,b�t each sha11 be cumu�at�ve.shal� be m add�t�on to every other remedy given
<br /> hdreunder,inthe LOan Instruments o►now or hereafter ex�st�ng at Iaw or�n equ�ty or by statute.ar,d may be exerciseG concurrent;y.
<br /> indepondentty or successively
<br /> 13 Trus1N. The Trustee may res+gn at a^� ::r.�s ���thout causQ,and lPnder m�y at any Uroe ano w�tnout Cause appo�nt a ��_ =—
<br /> sucCessor or subsUtute Trustee Trustee sha�l��t be�.aC!e to any party.mcludmg w�t�out i�mdabon Le��er 3or.awzr Trustor orany
<br /> purce^a�er of the Properiy,for any toss or damage un ess a,.e co►eck:ess or w�lt}ul m�sconduCt.and s^a ���S be��U:. -e�to ta;cear�y
<br /> 3tftQ1 cfr_COnOBCU0r1 W�th th0 enfOrCpment p� tr.�s Deed c' '•�st unless �ndemm{�ec�. m wr�hng,i�r a�. coStS.tC'T'qersa`.G� �r
<br /> expens�s wr'��C�* mzy be assoc�ated therew�tn �o adC�t•c� T�;.;;ee May Gecome a pu�craser at any sale of�„e ��e�e�'y�.�c c�a,or
<br /> under iFe�dwer o'sa:e granted here�nl. pas~ro�^e*.'�e sa e ::'a� o�a^. aortion of the Prope►Ly.as pravided by�aw. or se��~e
<br /> Property as a whole,cr m separate parce�s c* �s a� T;�s�ee s �:screr�on
<br /> t4 F�s�nd Exprnsh.In tne event 7rust�,e setis tne v-;,Uerty by exerc�se o1 power of sale.Trustee shal{ bee�t�tled to apFty �
<br /> � any sale praceeds(�rst to paynient ot aIl costs and expenses of exerc�s�ng powe*of sate. ��clud�ng ai�Trusteo s�ees,and Lc nder's
<br /> and��tustee�SAttamoy'S1pes.aCtually mCUrred to extent perm�tted by appi�cable:aw ��thE event BO�rowe�or Tr uslo� e�e�as�sany
<br /> right prnvided b�law to cure an Event of Defau�t.�ender snail be en��tied to rECOYer Irom Trustor aii costs an: e�pense5�c�va��y
<br /> inCUrrod as p�esult oi Trustor's defauis. �ncluG�ng w�thout t�r��tai�on au T�ustee 5�nh 8tt0rnby S�CCS to tne �xter�t perm�rted t�y r�`p
<br /> opphctfblp Iaw W
<br /> f3 FU1L1�� AdYanctt. l�pors requost o�f3���owe�. lender may- at •ts optivn �+?aK@ Bdd�G7'+d� d•td �ulu�F ddv�ynCES "u"�d�E! . }.
<br /> adv�nCC9 To p0�`UwCr �✓uC�`i�Clvcln(EiS t��d�eadvanc.�s r+�[h�n1P�P5Q 1hF!�H:�f� tih���l rF'�F•;�.rEl;t•y 'h S f)�tt:t n'7".�SI At f�U 1��� B Sh�jll „ ..
<br /> !RL Ff!�1C'Git°3mvu��t pi rne,nraH�itc,r�nagc na,[��ti+tl by tn�c(�npd c�+ir,i51 r•n��rr;_.�.�,:)� .•• ti;�.i�a-����d!`�t��atr;.•thL St!(.taf�lv 011r :g
<br /> OCCCf Of 7ru�l(!xCCCtl *n00r�g�h�l pnnt��t�l�rr�c�:i��t statcd r•p�t,�•, „ S ,•,r. rF,,f•• .:�•�•�i•f�i
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