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<br /> t�a P�ope►ry i�ao taken or damaDed,Lander eh611 have the optlon,in Its sole and abaolute discretlon.to apply all such P�oceeda,
<br /> nRer dstiuctin�therefrom ell costs and expenees Incurred by it In connection wfth such P�oceeda,upon eny indebtedness aacured
<br /> h�reby end in euch order a�Lendar msy determine,or to eppiy atl such Proceeds,afte�such deductions.to the re�toration o1 the
<br /> �"" Property��Ron s�ch cQndltlona es Lender me�►detern�ine,Any applicatlon of P�oceeda to indebtedneas sl�all not extend or postpone
<br /> j MQ dU�d�te o1 eny pryments under the Nota,o�cu�e any defeuli thereunder or he�eunder.A�y unapplled lunda ahall be paid to
<br /> TTU�bP.
<br /> 8. P�rto�manc�by L�ndN.Upon the ocaurre�ce o1 an Event of Dalault hereunder,or if any ect ia taken o�le�al proaeedin�
<br /> - aommenced which meteriaily aHe�te Le�dar'a Intere�l in tha Prpperty,Lender ma�r In ite own di�cretlon,but wllhput obligation tp do
<br /> so,and without notice to or demand upon Trustor and without releasing Trustor irom any obligatlo�,do any act whioh Trustor ha9
<br /> ; apreed but fails to do artd may alaa do any other act it dasms�eceaasry to protect the sacurity h�reaf.Yruator ahAll,immediataly
<br /> upon demand therefor by Lender,pay to Lender all costs and expenses incurred and sums expe^�e��aY Lender in connection with
<br /> the exorcise by Lender ot the toreyoin�rights,together w3fCe int9rest thereon at the detault ra*.�e�+-�tiis�in!he�1ote,which sha31 be
<br /> added io tt�e indebtadness sesuced heretay. b.e�dea sha77 rnot incsr a�y fiabi�:ty��:se �,5 anyth9�g it may do or omiz to do
<br /> hereatearler.
<br /> . , 9. htasardo�us Msl�nsb.�ka;�s:or 5hai��.e�p the Properry in compliance with all applicable Iawa. ordi�ances and�e�ulations
<br /> ; rel�tinq to industrial hygiene or envlronme�tal protectlon (collectively reterred ta herein as;'Environmental Lawa").Truator ahail
<br /> ! keep the Propertyl irse i�om all substancea deemed to be hazardoua or toxic u�der any Environmpntal Lawa(coilectivefy reterretl to
<br /> , herein as"Hezardous Materials").Truator he�eby war►ants and rep�esents to Lender tha4 there are no Hazardoua Meteriala on or
<br /> under the P�operty.T►ustor hereby aprees to Indemnify and hotd harmleas Lender,its directors,oflicers,employeeaand apents,and
<br /> any succeaa�ra to Lender's Interest,irpm and apainet any and ell ctaims,damages,losses and Iiabilitiea a�i�infl In co�nection with
<br /> the p�ese�ice,use,disposal or transport of any Hazerdoua Materiats on, under,from or abou�the Property. THE FORE(�OIN(3
<br /> WAARANTI�S AND REPRESENTA710NS,ANO TFiUSTOR'S OBLI(iATIONS PURSUANT TO THE FOAEt�01Nti INDEMNITY,SHALL
<br /> SURVIVE RECONVEYANCE OF THIS DEED OF TRUST.
<br /> 10. Awlpne�nl M R�nh.Trustor hereby asaiqns to Lender the rents.Issues and prolite at the Property;provlded thnt Truator
<br /> • s shall,until the ocCUrrsnce ol An Event of Oelault hereu�der,have the riyht to coliect and retaln suCh rente,iseues and prollls as they
<br /> become due and payable.Upon the occurrence of an Event ol0etaull,4ende�may,either in pereon or by a�eM,wlth or wlthout
<br /> . b�lnyinp sny action or proceediny,or by a receiver appolnted by e court and withoul regard to the adequacy ot ita securlty,enter
<br /> upon and take possesslo�ot the Property,or any pa►t thereof,in its uwn name or fn the name ot the Trustee,and da any act�which it
<br /> deems neCesaary or desi�able to p�eserve the value,marketabltity or rentabiUry of the Properly,or any partthereo}or interest thorein,
<br /> (ncrease the income theretrom or protact the security horeot and, wlth or without taking possession ot the Property,sue tor or
<br /> ; otherwise collacl the rents,issues and protits thereof,including thase past due and unpatd,and apply the same,less costa and
<br /> . expel�ses of operatlon and collection inaluding attorneys'4ees,upon any indebtedness secured hereby,all in suCh order 8s Lender
<br /> imay determine.The e�tering upon and taking possession o1 the Property,the collection o}such rents,issues and profits end the
<br /> � appticatlon thereot as atoresaid,shatl not cure or waive any default or notice of detault hereunder or invalidate any act done In
<br /> responae to such default or pursuant to such notice oi delauN and,notwithstanding the continuance in possession ot the Prope►ty or ,
<br /> } the colleCNon,receipt and applicatio�of rents,issues or profits,ar.d Trustee and Lender shall be entlUed to exercise every rlght
<br /> i provided tor in any oi the Loan Instruments or by law upon occurrence of any Event of Default,including without limitatlon the Nght �
<br /> ; to exerCise the power of sale.FuRher,Lentler's rights and remedies undn�ihia Na�ayraph shaR be cuz'�ulat:va with,a�sd ta rso::s�s • ---
<br /> • limitation on,Lender s rights and remedies under any assignment oi leases and�ents recorded against the Properry.Lender,Trustee i;:K-
<br /> and the receiver shall be liahle to acCOUnt onty for thosa rents actually reCeived. _ -_-
<br /> 11. Er�nb o!DMauR.The following shall constitute an Event o!Detault under this Deed of Trust i_
<br /> (a) Failure to pay any installment of principal or interest of any other sum secured hereby when due: � -
<br /> (b) A breach of or deiault under any provlsion contamed in ihe Note,this Deed of Trust.any of the Loan Instruments,or any � _
<br /> other lien or encumbrance upon the Property; _
<br /> � (c) A writ of executior�or attachment or any similar process shall he entered against Trustor which st►all become a lien on
<br /> ' the Property or any poRion thereof or interest therein; ;
<br /> (d) There shall be filed by or against Trustor or Borrower an action under any present or iuture tederal, state o�other :
<br /> statute.law or regulation relating to bankruptcy.insolvency or other reliet for debtors;or there shall be appointed any trustee, _
<br /> receiver or liquidator ot Trustor or Borrower or of all or any part o!the Property,or the rents,issues ar profits thereof,or Trustor
<br /> or Borrower shalt make any general assignment for the benefit of creditors;
<br /> (e) The sate.transfer,tease,assignment,conveyance or further encumbrance ot all or any paR ot or any interest i�the
<br /> PropeRy, either voluntarily.pr involuntarily, without the express written consent o1 Lender; provided that Trustor shall be
<br /> permitted to execute a Iease ot the Properry that does not contain an option to purchase art�the term ot which does not exceed ��
<br /> one year,
<br /> ' (� Abandonment o}the Property;or '
<br /> (g) It Trustor ie not aR individual,the issuance,sa1e,transter,assignment conveyance or encumbrance of mo�e than a total -0
<br /> of percent oi(if a corporation)its issued and outsta�ding stock or(if a partnership)a total ot percent of �,�,1
<br /> partnersh;p interests during the period this Deed o1 Trust remains a lien on the Property. '
<br /> 12. R�+n�dlti;Aee�l�ntio�Upon Otlault.In the event o!any Event of Default Lender may,without notice except as required by
<br /> � law,declare all indebtedness secured hereby to be due and payable and the same shall thereupon become due and payable
<br /> � without any presentmen�demand,protest or notice of any kind.Thereafter Lender may:
<br /> 1 (a) Demand that Trustee exercise the POWER OF SALE granted herein, and Trustee shall thereaiter cause Trustor's
<br /> ± interest in the Property to be sold and the proceeds to be distributed,all in the manner provided in the Nebraska Trust Deeds
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<br /> �. (b) ExBrCise any and al! rights provided tor in any of the Loan Instruments or by law upon occurrence of any Event o1
<br /> Defeuit;end
<br /> � (e) Commence an action to forectose this Deed of Trust as a mortgage,appomt a rece�ver,or spec�f�cally enforce any of the
<br /> � covenants hereof.
<br /> No remedy herein conferred upon or reserved to Trustee or Lender �s intended to be exctusive ot any other remedy herein,in the
<br /> Loan In9truments or by law provided or permitted, but each shall be cumulative,shall be in addition to every other remedy given
<br /> hereunder,in the Loan Instruments or now or hereafter existing at law or in equity or by statute,and may be exercised concurrentty,
<br /> indapandersily ar succ�ssi:ef�.
<br /> 13. TtustN. The Trustee may resigs at any time without cause,and Lender may at as�y t�me and w�thout cause appomt a , --___—
<br /> successor or substitute Trustee.Trustee shail not be liable to any parEy.�ncluding w�thout trmlta�:on Lender, 8orrower,�rustor or any �
<br /> purchaser of the Property.lor any lass or damage unless due to rec�ctess or wiutul m�sconduct,and sha:l not be reqw*e�i to£ake any
<br /> act;on in connection witn the enforcement of this Cieed ot Trust unless �ndemn�fsed. �n wnt�ng.�ar all c�sts, compensat�on or
<br /> ex�gnses which may be assoc�ated therew�th.In addi4:a�,Trustee may become a�urcnaser at any s�:e Qf t�e Properry(yGd:c�al ar
<br /> under t�e power of sate g�ar,:ed hereiR):postpone tne sale of al{ or any port;on of the Prc�Cerc,�,as pruv:�ed by�ar�:or sell the '
<br /> Property as a whole,or in separate parcels or lots at Trustee's discretion.
<br /> 14. Fees and Expenss�.In the event Trustee sells the Property by exerc�se o1 power of sale,Trustee�hall be ent�tled to apply �
<br /> � any sale procee�s first to payment of ali costs and expenses oi exerc�smg power ot sale. �ncluciing alt Trustee's fees,and Lender's
<br /> and Trustee's attorney's tees.actually incurred to extent perm�tted by appl�cable�aw.In the event Borrower or Trustor exerc�ses any
<br /> right providod by law to cure an Event ot Default,Lender shafl be ent�tled to recover from Trustor all costs and expenses actually h
<br /> incurred as a result ot Trustor's default. including wfthout I�mitation alI Trustee's and attorney's fees.to thE extent perm�tted by ��
<br /> applicable law. �!f
<br /> 15. Fututo l4dvances. Upon request of Borrower, Lender may. at �t5� opt�un, make add�t�onal and�uture advdnces and re• ,
<br /> advances to 8orrower Such advances and readvances,w�th�nterest thereon,shan bo secur��hy tn�s�eecs ot Trust At no t�me snan ,, �
<br /> theprincipal amount ol the indebtednesssecured by th�s Deed ot 7rust not�nclud�ng s�n:s ad�<incetl tup*otecr tne secur�ty o1 tn�s
<br /> DEted ot Trust.oxceed thp ongmal prmapal amount stated ncre�n pr 5 ,�vt��Gh�;y��ig Cj(E;<�tCr
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