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6. Endeent Domain. Lender is hereby assigned all compensation. awards. damages and otner payments or relief (hereinafter Proceeds) in connection v�ith condemnation or other taking of the Property or part thereof, or for conveyance in lieu of condemnation. Lender shall be entitled at its option to commence, appear in and prosecute in its own name any action or proceedings. and shall also be entitled to'make any compromise orsettlement in connection with such taking or damage. In the event any portion of the Property is so taken or damaged. Lender shall have the option, in its sate and absolute discretion. to apply all such Proceeds, after deducting tharetrattt:.ff. a>w : :andexpenses incurred bytt in connection with such proceeds. upott any indebtedness secured herebyand in such order as Lender may determine. orto apply 811 such Proceeds, after such deductions. to the restoration of the Property upon such conditions as Lender may determine Any application of Proceeds to indebtedness shall not extend or postpone the due date of any payments under the Nale. or cure any default thereunder or hereunder. 7 Performance by Lender. In the event of Harrower'sfai I ute to perform any of the covenants herein or make any payments required hereby. or it any act is takenor Legal proceeding commenced which materially affaets Lender's i nterestin the Property. Lender may in its own discretion. but withoutobligation to close. and without notice toor Demand upon Borrower and without releasing Boriovierfrom any obligation. do any act which the Borrower has agreed butfailsto do and may also do any other act it deems necessary to protect the security hereof. Borrower Shall, immediately upon demand therefor by Lender, pay to tender all costs and expenses incurred and sums expaindded by Lender In connection wrtn theexercise by Lander of the foregoing rights. together with interest thereon at the rate provided inthe Note, which shall beaddedto the Indebtedriess secured hereby. Lender shall not incur any personal liability because of anything it may do or omit to do hereunder. 8 Eveflb of QafatAL The foifowing shall constitute an event of default under this Deed of Trust: (a) Failure to pay any installment of principal or intorestorany other sum secured hereby when due. orfailure to pay whendue any other inclebtedre= of Borrower to Lender: (b) A breach of or default under any provision contained in the Note. this Died of T:us., any document which secures the Nate. and any: oft encumbrance upon the Property; (c) Awritofexecutionor attachment or any simi lsrproce 02h ityaen*,"clagain p grraivaiV01ht! *hall became a+iErost the Ffcp 4vrany�d :o' . :, ;`. :; :;, :. •';; thereof or interest therein: ; (d) There shall be filed by or against Borrower ar'acncn untie? av,y p:msent or fL TO fedataf :'sW or other 12r taw ar.e u an ea„jG6mkrupley, insol vencyorotherrelieffordebtors ;ortfte- ;'&fbeappoi :7 at^hits•ee,recat? m :-Jr r lice rents, issues or profits thereof, or Borrower shall m a� -y general 3sstgnmentfor�a bat'•tc�y+ada;= s. (a). The safe. transfer, assignment, cdrweya rwe c: lurther er=tranclil of aP; or•.at y'•,part 1 � or ;Say inierW 4- ii;fhle- P(operty: Sai ri `;cifu?mriiy :or ' ink':Misr?ip? :with0ut the express wntten•cotSeniofLender ct); _.ffh3crroweris not anmdrvid•.:al,: iii* sal e . Transfer. assignmel-. ". :Ciani >: dretc�mbrattcr :c lethan percents :(iiacflrperatan)Its r384eo.and oiAstandingstock or (it a pdrtnership) percem et 9 > : FinMiE3a>i; At9eWatdonUpon 0efau1L in the event of any all indebtedness secured hereby to be,dila and payable and the s.—To. 1tatt ttjiniupcn trecome due and payable without any presenlme:t, dem<rtd, 1;!7'.•.381 or notice of any kind. Thereafter Lender maid: . {aj Demand that Trustee exercise the POWER OFSALEgrainw _•ae^ea',andTrustee shall thereafter cause Borrowerst interest rnthaProperlytobesold and the proceeds to be distributed, all in the manner provided in file ttr:-3raMa Trust Deeds Act; (b) Either in person or by agent, with or without bringing any ac:ioa or proceeding, or by a receiver appointed by a court and without regard to the adequacy of its seCurity.enter upon and take possession of the Property. or any part thereof, in its own name or in the name of the Trustee, and doanyactswhich it ditems necessary or desirable to preserve the value. marketability or rentability of the Property, or part thereof or Interest therein, increase the income atlVaryfrom or protect the security hereof and, with orwithout taking possession o1 the Property. sue for or otherwise collect the rents, issues and profits thereof, inolading those past dumand unpaid, and apply thesame, less costs and expenses of operation and collection including attorneys' fees. upon any indebtedness sWvred hereby. all in such order as Lender may de eirmino. The entering upon and taking possession of the Property, the collection of such rents, issuesand profits and the application thereof as aforesaid.shail not cure or waive a ^g default or notice of default hereunder or invalidate any act done in response to such default or pursuant to such notice of default and', notwrinstanding t�,e conanuanco in possession of the Property or the collection, receipt and application of rents. issues or profits. Trustee or Lender shall be entitled to exercise every right provided for in any, of the Loan Instruments or bylaw upon accurence of any event of default. including ;ha right to exercise the power of Sala: and _ - (e) Commence an action to foreclose this Deed of Trust as a martgaga_ appoint a receiver. or specifically enforce any of the covenants hereof: i NoTarnecl ftsnaocor4 a, reduponorreservedtoTrusteeorLenderisintendedtobeexcf usiveotanyotherremedyhereinorbylawprovidedorpermitt d.b;ddezfchshallbe eulnulattva. sn8liiba :i9,611i:ion to every other remedy given hereunder or now or hereafter existing at law or inequity or by statute, and maybe erfito xi�dconcurrently, t ! independontfy ar'aumsaively. ICS Tntafse_The : rustee rralr resign at anytime without cause and Lender may at any time and without cause appoint a successor or substitute Trustee. Trustee r r 5!1111 Ryot2ie ILiDIe io :'87%} loss or damage unless due to actionable negligence or willful misconduct, and shall not be required to take any action in connection with the - ect!oitieimiei t o41ht:; Beea of Trost urtitss indemnified, in writing:, for all costs. compensation or expenses which may be associated therewith In addition. Trustee may =— betaTt+ . Du[ tnsatira m? y sale cfreFs: Gerty( Iudicialoru-4 dE r' Zne power of safe granted herein); postpone the safe of all or any portion of the prope ^y as provided byfaw; arse:: tri_ Fra,arty lS Shat @. Cr it tire, ve parcels or 50:5 1 *ii. RAUVAeligln:0}. Upon rih ifeSnofBorrower Lender may at its option. mare additional and fulumadvances and readvancestoBorro wa.. Such advances and reatW- PX5, wl ih iri9Vin: Meu3cc. s1af1 to SeCured Sy this Qaed'of i ^.:Sl. At no time shall the principa! amount of the indebtedness secured by 'Srt,S Deed of Trust, not in- ctuGfvigsit 4advancedtoprVact,lite security of this Deed cifTrusl emAed the original principalam S'aled herein. or$ __._..... whichever is gratidrr 12. milsewAtnadua Pirmiskmn. (at goermararlit1e1P8gtafed. Extent:ion of the time for payment Or •n adA:cation of arr irlizat: ir St, rho sums secured by this 3eod o! Trust granted by lender ti, any a4rcessCr. m itttareSt of Borrower shoo nu! operate to rplgas 3 .n any manner. the liability of th n original Borrower and Borrower's successors in interest Lende rshatlndtpar- quiredtocornmenceproceedingsagainstsuchsuccessor olrefusetoextendlimeforpaymentofotherwisemodifyamortization of the sumssecumd ey this Deed of Trust oy season of any demands made by the original Borrower and Borrower's successors in interest Val Lambes powers. Without affecling.'ho liability of any other person I iable fort he payment of any obligation hero in mentioned, and without affecting the lien crchan,a at this Deed of Trust upon wry portion of the Property not then or theretofore released as security for the f u1; amount of all unpaid obligations, -, Lender mad, from time to time and without notice (i) release any person so liable. (o) extend the mature•./ ;, after any of the terms of any such obligations. (111) grant Cflier indulgences. (w) release or reeonvey, or cause to be released or reconveyed at any time at Lw-aer'9optionSan y parcel. portion or all of the Property, • •. " (V) take or release any other or additional security for any oa'.rgati0n herein mentioned. o� ;vi; make cOmpr,9i /ions or othS +arrangements with debtors in ret ration i. thereto (c) Forbearance by Lander Nola Waiver. Any forbearance by Lender in exercisini w ;V right or remedy hereunder, sr 0therwise afforded by applicable ii• law. shall not be a waiver of or preclude the exercise of any such right or romedy. The Prot uremoni oft nsura ace or t he payment of faxes or other liens or charges by Lender shall not be a waiver of i.ender's right to accelerate the maturity of the indebtedness secured 5 1 !nis Deed of Trust (d) Successors and Assigns Sound: Jolnland Several Llablllty: Captions. The covenants and ayieements herein contained shall bind, and the rights hereunder shall inure to. the respective successors and assigns of Lend er and Borrower. subject to the provisions of paraDraph 8 (e) hereof All covenants and agreements of Borrower shall be joint and several The capt,ons and headings of the para jraphsofthisdeedof Trustarefa •c�-nveniencoonlyandarenottobat used to interpret or define the provisions hereof (e) Requasl for Notice$. The parli3shereby request that a copy nf any notice ofdafazl !hereunder!!• a copy ofar rynat :ceof safe hereunder be mailed to each p8tty ?Olhtg Deed OfTtuSt At the adVe3s set fortre above in the ma•,sorqrrsi:rjbed Cy applicable!aA Exceat for any oltternotice under applicable law to be given in another manner, any rrt ce provided for in this Deed of Trus! S` 3:1 be given by ma: gore by certified 'm,. a:+: ,eased to the other parties. at the address set fdrth above. Any notice provided for in this Deed of Trust shall be deemed to haze 63en g •ien r� Br rrr xk'r br v0,0P grief r, err : e,,anner designated herein (1) Ingaegon. Lender may make ar cause tobe made reasona. reenl' r?3u� .lundi�sp3 :tansWm9Pra7gr :y. pr r.: ;ivs that Lender shall give Borrower notice prior to any such inspection speciPjing reasonable cause there c r sewed to Lir,1w D interest in ane Property (0) Recoavelyaaee. UponpaymentotallsumssecuredbythisDeeOofTrust. LendershallrequestTruzmetoreconvoytheProDd 'tygindshallsur render this Deed of Trust and all notes evidencing indebtedness secured by this Deed of Trust toTrustee Trust yesnanreco^ aafthe warranty and without charge to the person at persons legally entitled thereto Such person or persons shall pay all costs of 'any (h) Personal Property. Security Agroorriont. As additional security for the payrrion I of I he Note all fixtures. d other personal property used tit c Onneclion with the reatestate or improvements 10G aced t hereon. and not otherwise dec fared or deemed to be a part o' it, I 'fi t estate secured hereby, shall be subiect loa sac uttly interest in favor of the Lender under that Nebraska Uniform Conirre7cial Code This instrumqnt sha;l :k, -ninstruild asa Security Agreement : �— under said Code. and the lender shall have ah Irid rights and remedies of a secured party under said Code in addition to the rights and rerolva created under and accorded the Lender pursuant to raid peed ofTrust lit gallarabwly. In the event trial any provision of this Deed of Trust conflidt with applicable law or are declared invalid or Otherw.58 ;•enforceable. such - c Unlhc f or invalidity shall not affect the tither previsions of this Deed of Trust or the Note w` : :h can be given effect Without the conflicting provision. and to this end Tae p1`ovrel0n9 M the Ueed 011 rust and ate NOT@ ate dOCTared TO DO sevefable f , 5 tfilrrOaret has executed this Deed of Trust tno date written above L vi•�� ZJ� sf - rR er (Tle �(n and ergen) BQO ' B ° "OWf' Marriet R. Vanzandbergen) �I