|
_� . —_._.. ._ � �.�.�_
<br /> �
<br /> - �. �.1
<br /> I
<br /> �
<br /> I
<br /> 90"'a.U�38f
<br /> the PrOperry 1�ao taken or dmm�ped,Lender ehall hava the aptlon,�n its sole end aD�olute tli�cretion,ta appiy eii aucn��cx:va.+y,
<br /> atter dsductinfl thsretrom all costs and expensea incurred by it In connectivn w�th 6uch Proceeds,upon any indebtedneaa secur�d
<br /> (�"� hereby and In auch orde� ae Lender may detarmine,or to epply a`I such Proceeds,eRer such de�uction�,to tha reatoration ol the
<br /> ! Prope►ty upon suCn Conditions aa Lender may determine.Any applicetion ot Proceeds to indebledness shall not extend or poatpone
<br /> the dua dete of any paymenls under the Note,or cure any deleutt lhereunder or hereunder.Ahy unepplled fund�5ha1!be pald to
<br /> � Trust�r.
<br /> 8. P�io�m�nc�by L�ndt�.l►;�on the occurrence of an Ever.t of Detauit hereund�r,or if any act is taken or legal proceedtnp
<br /> commanGSd whlch material►g atfe�ta�.ender'a Interest In the P�operty,Le�der may in it�own disc�etlon,but without oblipation to do
<br /> ao.and without notice to or dasnend upan Trustor and without reteaaing Trustor from any oblipetion,do any act whieh Trustor hae
<br /> ' apread but Intls to do and may atsa do any other act it deems neceaaary to protect the secu�ity hereol.Trustor ahell,immediately
<br /> upon demand theretor by Lender,pay to Lender alt costs and expenses incurred and sums expended by Le�der in connectio�with
<br /> the axercise by Lander of the ft�ra�aing rights,to9ether with i�terest thereon at the detautt rate provided in the Note,which ahall be
<br /> ' added to Me indebtednes�secured hereby. Lender ahall not incur any 1ia611ity because ot anything it may do or omit to do
<br /> � hsre�ar�der.
<br /> 9. Ha�rdout �lab.Trustor ahall keep the Property In compliance with all appticabte laws,ordinancea and regulationa
<br /> , relating to indusiri�f hygiene or environmental protectio�(collectivaly reterred ta he�ein as"Environmental tsws").Trustor shell
<br /> keep the Property:see from ali substances deemed to be hazardous or toxic under a�y Environmentei Laws(colleCtively reter►ed to
<br /> � herein as"Hazardaus Materials").Trustor hereby warrants and represents to Lender that there are no Haza�dous Materials on or
<br /> under the Properlyv-Trustor hereby agrees to indemniiy and hold harmless Lender,its directors,oHicers,emptayees and a�ents,ead
<br /> any successors to lender's Interest,trom and against any and all claims,damagea,losses and liabilitias arising in conneation with
<br /> � the presence, use, disposal or transpo►t o1 any Hazerdous Materials an, under, from or about the Property.THE FOREGOIN�
<br /> WARRARVTIES AND REPRESENTATIONS.AND TRUSTOR'S OBLtGATIONS PURSUANT TO TkE FOREOOINt�INDEMNITY,SHALL
<br /> � SURVIVE RECONVEYANCE OF THIS OEED OF TRUST.
<br /> 10. AaN�nmtnt of i1�nb.7rustor hereby assigRS 4o Lender the rents,issues and profits of the Property:provided that T�ustor
<br /> shall,untll lhe oCCUrrence Oten Event of Detault hereur�e�,have the right to collect and►etain such rents,issues and protlts as they
<br /> become due aRd payable.Upon the occurrence ot an Event o1 Delault,Lender may,either in perso�or ay age�t,with or without
<br /> bringing an��cC.on or proceedln�,or by a receiver appo�nted by a court and without rega�d to the adequacy ot its security,e�ter
<br /> upon and take possession o1 the P�openyr,or any part thereof,in its own�ame or in the name ot the Trustee,and do any aets which it
<br /> deems necessary or desirable to preserve the value,marketability or rentability o1 the Property,or any part thereof or Interest thereln,
<br /> increase the income theretra�n or protect the security horeot and,with or without taking possession oi the Property,sue for or
<br /> otherwise colleCt the rents,i�ues and�rofits thereof, including those past due and unpaid,and apply the same,less costs and
<br /> ' expenses of ope�ation and coilectiort inc(.u�•�g attorneys'tees,upon any indebted�ess secured hereby,all in such order as Lender
<br /> may determine.tE�e entering upon and:a:�ng possession of the Property,the collection of such rents,issues and profits and the
<br /> application thereof as aforesaid,shall not cure or waive any default or notice of delault here�artder or invalidate any act done In
<br /> res�sctase to such detault or pursuant to such not�ce ot detault and,noiwithstanding the continuacece in possesslon ot the Pcoperryor
<br /> the c.Qliection, receipt and application ot rents, issues vr profits, and Trustee and Lender shalf be entitled 4o exercise every right
<br /> provided tor in any of the Loa�Inst�uments or by law upon occur�ence of any Event ol0efault,including without limitation the rlght �
<br /> to exercise the pawer oi sale. Further,Lender's rights and remedies under this ppragraph shall be cumulative with,and in no way a i i-t
<br /> ' Iimitatlon on.LenQet's rigrts anq remeciiea undn�any asaigntstcr,i o!lesses srtd r?nts rernr�9�3 against the Property_Lender.Trustee =_.
<br /> _ i and the reaeiver shall be liabte to account only tor those rents actually received. � �
<br /> 11. EYM�01 0�1�11fl.ThA 101tOWing snaii consritu"ta an tveni ui�iofai.iii i;��uv+`t�%�^8��.^.!TtLS�� ; _ _
<br /> (a) Failure to pay any installment ot principai or interest of any other sum secured hereby when due;
<br /> (b) A breach oi or deiautt under any provlsion contained in the Note,this Oeed of Trus�any of the Loan Instrumenta,or any .._
<br /> other lien or encumbrance upon the Property;
<br /> {c) A writ ot execuUon or attachment or any sim�lar process shall be entered agamst Trustor which shall become a lien on
<br /> tt�e Property or any portion thereol or interest therein; -
<br /> ' (d) There shall be tited by or against Trusto� or Borrower an action under any present or iut�re tederal,state o► other
<br /> statute,law or regulation relating to bankrupicy.��ssolvency or other reliet for debtors:or there shall Le aApointed a�y trustee,
<br /> receiver or liquidator ol T�ustor or Barrower or of a�t or any part of the Property,or the rents.�ssues or profits thereof,or Trustor
<br /> � • or Borrower shall make any general essignment for the benefit o1 creditors:
<br /> • (e) The sale,tranafer,lease,ass'.g.�ment,conveyance or further encumbrance of all cr any part of or any irtterest in the
<br /> � Property. elther votuntacily or invofuntarily, without the express written consent o} Lender, provided that Trustor shall be
<br />. � permitted t0 execute alease of the Property that does not contain an option to purchase and the term of which does not exceed
<br /> � one year.
<br /> . (� Abandonment of the Property: or •
<br /> {g) If Trustor is notan individual,the issuance,sale,t�ansfer,assignment,conveyance o r encumbrance of more than a total ::��
<br /> ' • ot percent of(if a corporation)its issued and outstanding stock or(�1 a partnershfp)a total of percent of
<br /> � partnership interests during tha period this Deed of Trust remains a lien on the Property. ,
<br /> � 12. R�m�dles;AceetKStion Upon Detaul4 In the event of any Event of De!autt Lender may,without notice except as required by .
<br /> taw, declare all indebtedness secured hereby to be due and payabte and the same shall thereupon become due and payabte
<br /> � without any presenUnent,demand. protest or notice of any kind_Thereafter Lender may:
<br /> (a) Demand that Trustee exe►cise the POWER OF SALE granted herein, and Trustee shall thereafter cause Trustor's
<br /> interest in the Property to be sold and the proceeds to be distributed,a11 in the manner provided in the Nebraska Trust Deeds
<br /> Ac�
<br /> ' (b) Exercise anyand ali nghts pvovided tor tn any o1 the Loan Instruments or by law upon occurrence of any Event of
<br /> Detaulr and
<br /> (c) �o�r::r�encs an action to to�er__�nse this Oeed of Trust as a mortgage,appoint a receiver,or spec�f�catfy enforce any of the
<br /> covenants hereof.
<br /> Na remedy herein conferred upon or reserved to Trustee or Lender is intended to be exclus�ve ol any other remedy here�n, in the
<br /> Loan Instruments or by �aw prov�ded or perm�tted,but each shall be cumulative.shatl be m addit�on to e�ery other remedy given
<br /> fiereunder,in the Loan Instruments or now or hereafter existfng at law or�n equity or by statute,and may be exercised concurrently.
<br /> independentiy or successively �—--__-_
<br />' 13. Tr�e�x. The Trustee mav resign at�ny t�me w�thout cause, and Lender may at any t�me and w�thout cause appoint a ,
<br /> suCCessor or substitute Trustee.Trustee shall not be liable to any party,fncluding w�thout um�tation Lender.8orrower.Trustor or any
<br /> purchaser o1 tho Property,lor any loss or damage unless due to reckless or vnNfus misconduct,and shail not be required 2o take any
<br /> act�on �n connection w�ih the enforcemeni af ih�s Deed o1 Trust unless �ndemmf�ed, m wri2�ng, for a�i costs, compensat�on or
<br /> expenses wh�Ch may�e associated therew�th In add�t�on,Trustee may become a purchaser at any sale of the Property�ud�cial oc
<br /> under the power oi sale granted herein); postpone the sate of all or any port�on ot tne Prope�ty. as prov�ded by iaw,or sell the
<br /> Prope►ty as a whole,or m separate parcels or lots at Trustes's d�scret�on. �
<br /> � 14. Fees and Expens�s�In the eveni Trustee sells the Properry by exe►c�se ot power of sale,T�ustee shall be entitled to appty
<br /> afiy s�le proceeds 6rst topaymeni of a�i cos�s a�d expenses of exerc�s�ny power ot sa�E.��ciud�ng au Trustee s fees.anC Lender's
<br /> and Trustee's attornoy's fees.aCt�a��y�nCUrred to extent permdted by appi�cabie iaw In rhe event Borrower or Trustor exerc�ses any v
<br /> r�qht provided by►aw to cure an Event ot Default.Lende�snau be ent�t�ed to�ecaver from Trustor aii costs and expenses actually �
<br /> mcurred as a result of Trustor's defau�t, �nciudmg w�tnoui h��,�u,i.or ��� '=�st���s a^� :r.��r.�;'s ises,?^ tnP P:ta.nt perm�tted by ���
<br /> appl�cable taw
<br /> 15 future Advan�ef. Jpon request of E3orrower. Le�der may. a� �ts ophon maKe add.nona� a�d !uture advances and re- '
<br />- 80Y�nC05 t0 BOr•oWer juci�ad�a�ces ar.d reUdva�ces.�::r,�ne��e5t?^BrBO� ch.?!�[+v c�r:rn�!t•y�n.c t1aNr1 nf Truat pt no Ume shd�� '` _.
<br /> the pnr,��p;ai am�unt of tne *+debiedness sec�red by sh�sDeed n1 YruSl.' �'.'�G�i.� �y Su'•'S�1Jv.lnC t'J 1!��„r,1P.'.t 1h@ SeGU�'fy 7f 1h�S
<br />.. aL'e� O�Tt:J51.f:KGtCf.� �ne o��g�nat pr�nci�al arn��'�t `,'dIEU hE•f•', ,r �j r.� (�t•�C'� �, .��t�!}�r
<br /> �
<br /> ... .. . �. ... .. . ._ ... r.�.-_ .._ _,_.....____....�.._..__--'-'�_'--'�-
<br /> �/.
<br /> -�-._-._�. -..._._.__.,___.._._..��.._.----�.�.._.__....----..r.�.T___.._.,...._._�r-�_..�_-..__ �.—...�..,,�,-/
<br /> . � .. ' . . . . i- .- .." . - . . , . - - �, ' .� ..
<br /> _ � . . . . .-. . .. , .. . '. ; c. ... . . _ . . " _ ... _ , _.. ,. . ' ,
<br /> .. � - . � . .. � . , / �.
<br /> .. , � . , . - .. c c .
<br /> � ---. - - -- � - -- --' ---�- - �� - - - - - - — � .
<br /> .. _..-�----. ..�
<br />
|