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<br /> � 16. Covenants o1 Tiustor with Respect to Loases. Without tho prror w�itt�n consent ot Banoficiary. Trustor s�Olt not, d c 1y.
<br /> with respect to any/ea5o of space in the Trtrst Proparty,a any parh�on t�tereof,�vhathar such IeASO is no►v or hereaitor in existance:
<br /> (al Accept or per�nit�ny prepayment, discount or Advance Raymant of rent hereuncler in excess ol ona rnonth,
<br /> (b} Cancei or terminate the same,or accept any�arteellaUon,termint►non or surrender thareof, or pRrmit any event fo oCCUr which woufd
<br /> occur th8reunder to termrnate or cartcet ri�a same,othor thdn iarmination far npnpaym�nt a►rani,
<br /> � (C) Amend or modii�r the same so as to reduc.e the term thereot, the rental payaDle thoreunder, o�to chango any ronawat p�ovisions
<br /> Me�aln contalned,
<br /> (ci) W�iue any dafauJt thereunder pr braaCh therepf,
<br /> (e) Caive any consent, waiver or approva!thereunder a taks anyr Gther action in connecUon therewith,or with a/essee thereunder, which
<br /> would have fhe elfeCt ol impalring the vr�lug ol Ihe lessor's Jnterest thereunder�r the prope�fy subject thereto,or ot impairing tAe
<br /> position a interesi o1 Bene/iclary thereln,or
<br /> (f� Sell,assign,p/edge,matgage or othen�vise dispose oi,or ertcUmber its+nferea[1n any saicf/ease or any rents,issues,profrts issuing
<br /> or ansfng thereunder.
<br /> .' 17. Waiver vt Statute of Umitatlons. Tlme is of the essence 1n all of Trasto�'s obligatlonc and duties hereunder,and ta the exlent permitted
<br /> by law,Tiustor waives a1!present or luture statutes of limitations with respect to any debt,demand er o0ligation secured hereby and
<br /> eny ecdon a procseding for the purpose of enforcing thls Deed o1 Trust oi any rights oi remedies contained herein.
<br /> 18. Asslgnment ol Deposits.lrr the event construciion of improvements is contemplaied by the loan evidenced by the Note secured
<br /> hereby,as additlonal securiry therefwe,Tiusror hereby transiers and asslgns to Benenciary,a11 right,titfe and inierest to any and a/f
<br /> monies deposited by or on behaN o1 Trustor with any ciry,county,public Dody or ayency.sartitary dist�ict,utiliry company.and
<br /> ; any othar body a egency,l�nr the installatlon or io secure the instaUation of any utility by Trusior,pertaining to the 1'rust Properry.
<br /> � 19. Corporation a Partnership Existence.N Tiustor is a co�poradon, gerteral partnership,or limited pannership,ii wili do atl things
<br /> � necessary t�n preserve its corporate or pannership exisience,as the case may be.and a!!rights and privileges under the/aws of the
<br />- � state o!iis incaporation or organrzation.
<br /> , 20. Fabearance by 8eneficiary Not a Waiver.My forbearance by Beneficiary In exercising any right a iemedy hereunder,or otherwise
<br /> ! aflorded by appficable faw,shall not�e a waiver of or preclude the exercise of any such�ight or remedy. The procuremen!of
<br /> : insurance a the paynrent of taxes or the discharge of liens o�charges by Beneticiary shall not be a waive�ol8eneficr'ary's right fo
<br /> aCCeferete the maturiry of the Indebtedness.
<br /> 2a. Remsdlas Cumuta6ve.AfAremedies provided in tAis Desd of Tiust are disSnct and cumulative to any other right or�emedy under this
<br /> Deed ol Trust or afforded by/aw or equiry,and may be exerclsed concwrenfly,rndependently or successivey.
<br /> 22. Successars end Assigns Bound;Jani and Severe!Lisbiiity;Capfions. The covenanis and agreements herein contained shall bind,and
<br /> Ghs rights Ereveunder shall inu�e to,ihe respective successors azd asslgns of l3enerciary. Tiustea,and Trustor.A!1 covenants and
<br /> agreements of Tiusfor SOra'd be joint and seve�aL The captions a.�td headings of the pa�ag�aphs of this Oeed of Tiusi are for
<br /> convenlence onty and ar�rrot to be used to inferp�et o�define the provisions hereof.
<br /> 23_ Nodce.Except!o�any r•cCCe required under applicable law to be given in anofher manner,(a)any not/ce fo Trusror provided for in thrs .
<br /> Deed ol fryst sha/l be given by mailicrg such notice 6y certified mail, return receipt requested addressed to Tiusror at its mailing
<br /> address seE loKh above w at such Q;.he�add�ess as Tiustor may designate by notice to Beneficiary as provided herein,and(b)any
<br /> , notice to Beneficiary or Tiusiee shall be given by ceRified mai/,return receipt requesied, to Bene�ciary's and Tiusfee's mailing
<br /> � address stated herein or to such other address as 9eneficiary or Trusfee may designate by no'ice to Trustor as provided herein.My
<br /> . noBce pi+ovided tor in this laeed of Tiust sha/l be deemed to have been given to Tiustor, Beneficisry or Trustee when given in the '
<br /> manner des)gnated herein. '
<br /> � 2�. Goveming Law:Severabiilry. 7hfs Ueed oi Tiust siraN be govemed by fhe laws of the Staie of Nebraska.!n the event any provision or i -
<br /> . �g..uca�f th13�'8L'�n!Tf�icf i^..I3f�C�wi�arn,rli�p�l�+law�3L+Ch�L�AIIIC�el�gJf rtnt allQrr t►fhafrn,rnv;r.i�.^.�4/�.t3 nAP'_'�'�.Tf!!Sf whi�h na� _
<br /> be glven edect without the conllicGng provisions and to this end the provisions of thls Deed o%Tiust are dec►ared to be severable. • _
<br /> 25. Events of Defau/t.Each ot the following occunences shall consiitute an event ol delault hereunder, (he�einafter called an"Event '
<br /> of Default'): : •*-=
<br /> (a) Tiusror shall lail to pay when due arry principal,interest,or princlpal and inte�esi on the lrtdebtedness, '; �
<br /> . (b) Any warranry ol title made by Trustcrr herein shall be untrue, �
<br /> (c) Trustor shall faiJ to observe or pedo�m any of the covenants,agreements,or conditions in this Deed�t Tiusi, �
<br /> . (d) My representation or wananry made by Trustor on any financial statements or repons submitted tQ Beneficiary by or on behalf ot
<br /> Trustw sha11 prove false o�materially misleading, � '
<br /> (e) Tiustor shal!faii to perlorm or observe any of the covenants,canditions or agreements contained in, or binding�Ren Trustor under
<br /> any building loan agreement,security agreement,loan agreement, financ/ng staiement,or any other agreemenL�rsirumeni or �
<br /> document executed by Trustor in connecNon with the loan evidenced by the Note, ,�
<br /> (f) A trustee,receiver or liq,�idafor of the Trust Property or of Trustos shap be appointed,or any ol the creditors of Trusior shall 61e a
<br /> petition in bankruptcy�againsi Trustor,or for ihe re�rganizabon of Trustor pursuanf to the Federal Bankrupfcy Code,or any sim;tar "�
<br /> law,whefher federa/or state,artd if such order or petition sha/l nat be discharged or dis nissed within thirty(30)days aftar fhe dafe � `�
<br /> on which such order or pefition was fifed,
<br /> (g) Tiustor shal!frle a petition pursuant to the Fede�al Bankruptcy Code or any simi/ar law, fedeia!or state,or if Tiustor shall be
<br /> adjudged a bankrupf,or be declared insolvent,a shall make an assignment(or fhe benelit of cred:£�rs,or shall admit in writing its
<br /> inability to pay its debis as they become due,or shall consent to the appointment of a receiver of a!I or any part of the Trust Properry,
<br /> (h) Fina!judgmeni for ihe payment of money shall be rendered against Trustor and Tiustor shaf/not discha�ge the same,or cause it fo
<br /> be discharged, within thirty(30)days afier the entry thereof,o,sha11 not appeal therefiom or fiom the o�der,deeree or process upon
<br /> which or pwsuant to which said judgment was granted,based,or entered, and secure a stay of execuiion penefsng such appeal,
<br /> [i) Trusior shall sell or convey the Tiust Property,o�any part thereof,or any inrerest therein,or shall be divesred of its tirle,or arry interest
<br /> thereln, in any maRner or way,whether vo/untaril�or involuntari/y,without ihe w�itten consent ol Beref.:ciary being first had and
<br /> � obteined,or
<br /> : (j) !i Tiusto�is a corpo�ation or partnership and more than fifry percent I50°io)of the shares or beneficia!interests in such corporation or
<br /> � parinership,as the case may be,strail be transferred or conveyed,whether voluntarily or involunta�ily,wifhout the wntten Consent ol
<br /> Beneficiary being lirst had and abtained. �
<br /> 26. Acceleration of Debt;Forec/osure. Upon the occurrence of any Event of Default,or any time thereafter, Beneficrary may,af its nption,
<br /> declare aN the/ndebtedness secured hereby immediately due and payable and the same shall bear inierest at the default rate,if any,
<br /> set IoRh in the Note, or othe►wise ai the highest rate permined by law,and,irrespect;ve vf whether Beneficiary exerc;ses sard option,�t '-- ---
<br /> may,at iis option and in its sols discration,Krithout any luRhe�notiCe or demand to or unon Tructnr,�!n nna pr mnrA of tha fndowing; ' _
<br /> (a) Beneficiary may enier upon,take possession ol,marrage end operate the Trust Propeity or any part the�eof,•make�epairs and
<br /> elte�atiorts and do arcyacts which Beneficiary deems proper to protect the secu��ry thereof, and e�ther wifh or w�thout taking
<br /> possesslon,in its owv�name,sue for or otherwise col/ect and receive rents. issues and profits,i��c/uding fhose past due and unpard,
<br /> and app/y the same,less costs and expenses of operation and collection, inc�uding reasonable attorney fees and Benef�c�ary's
<br /> costs, upon the lndebtedness sec�red hereby and in such brde�as 6enehc�ary may determme. Upen request of Benalic�ary. Trustor «
<br /> L shaf!assemb/e and shal!make available ta Benefrc�ary any o1 the Trust Property wh�ch has been removed. The entenng upon arrd �,
<br /> taking possession of the Trust Property, the collection of any rents,issues and prof,ts, and the applicat�on thereot as aforesaid,shaU �C
<br /> not cure or waive any default thaietofore or thereafter occurnng, or aftect an y nonce af delau�t or not�ce of saie nereunder or �
<br /> invalidate any act done puisuant to any such notice. Notwrthstanding Benehc�ary's coni�nuance�n possess�on or rece�pt and �n�
<br /> application of rents,issues or p�ofrts. Beneficiary shall be entitled to exerc�se e��ery nghf prov�ded lor�n th�s DeeB ot Trust or by�aw �
<br /> upon or aRer the occurrence of an Event o�Default,�ncludmg the r�qht to exe�c�se rhe pcwe�of sale Any o�rhe acnons relerred tn�n �
<br /> this pa:agraph may be taken by Benehciary at such t�me as Benef�aary may tletermme wahour rey�rn ro tne��dequaC y ot dny �
<br /> secur�ty lor the lndebtedness secured he�eb�� �
<br /> (bl Beneirc�ary shall, wdt�out regard to the adequacy ol any sec���ty lor the lndebtecln!.�ss �ec;��r�d nr���n� hr.e•��hnr�rl rn rnr•
<br /> appomtment ol a�ece�ver by any court hav�rsg�unsd�cr�on, wltnnu���ot�c� .'!]47k�ppSS!'�S�nn n� r��� •.�;1 .1^�J ri,�;�,��1�'�/''�' 1n�,t
<br /> PropeKy and ape�ate the same and co�lect i����ents. �ssues�i��d l�rc�'�tti Ij�c��e��cr»>
<br /> (CI genehc,arymay bnng any act�pn m 8�1�CUuft,l Cl�nt�ClP�rt�:N ;fl�('r,�n!��!��r��� ;,;,.r�.., (>����.., , �..,,, , „ � �• �.��•.'' . �
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