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F 89.. 103257 the Property Is so taken or damaged, Lender shall have the option, in Its sole and absolute discretion, to apply all such Proceeds, after deducting therefrom all costs and expenses incurred by It in connection with such Proceeds, upon any lridebtednesa secured hereby and in such order as Lender may determine, or to apply all 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 Note, or cure any default thereunder or hereunder. Any unapplied funds shall be paid to Trustor. 8. Pwformance by Lender. Upon the occurrence of an Event of Default hereunder, or It any act Is taken or legal proceeding commenced which materially affects Lender's interest in the Property. Lender may in its own discretion, but without obligation to do so, and without notice to or demand upon Truster and without releasing Trustor from any obligation, do any act which Trustor has agreed but falls to do and may also do any other act it deems necessary to protect the security hereof. Trustor shall, immediately upon demand therefor by Lender, pay to Lender all costs and expenses incurred and sums expended by Lender in connection with the exercise by Lender of the foregoing rights, together with interest thereon at the default rate provided in the Note, which shall be added to the indebtedness secured hereby. Lender shall not incur any liability because of anything it may do or omit to do hereunder. 9. Nasardous f+EaNriafs, Trustor shall keep the Property in compliance with all applicable laws, ordinances and regulations relating to industrial hygiene or environmental protection (collectively referred to herein as "Environmental Laws" ).,Trustor shall keep the Property free from all substances deemed to be hazardous or toxic under any Environmental Laws (collectively referri* to herein as "Hazardous Materials'). Trustor hereby warrants and represents to Lender that there are no Hazardous ARaWlaita rlv'r or under the: Ptq�. Trustor hereby agrees to Indemnify and hold harmlm Lender, its directors, officers, employees and agents; acrd any successors to Lender's interest, from and against any and all claims,, damages, losses and liabilities arising in connection. wtrift the presence, use.. disposal or transport of any Hazardous Materials on, under, from or about the Property. THE FOREGOING WARRANTIES AND REPRESENTATIONS. AND TRUSTOR'S OBLIGATIONS PURSUANT TO THE FOREGOING INDEMNITY, SHALL SURVIVE RECONVEYANCE OF THIS DEED OF TRUST . 10. IAealgnment of Rents. Trustor hereby assigns to Lender the rents, issues and profits of the Property, provided that Trustor shall, until the occurrence of an Event of Default hereunder, have the right to collect and retain such rents, issues and profits as they become due and payable. Upon the occurrence of an Event of Default, Lender may, either in person or by agent. with or without, bringing any action 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 partthereof. in its own name or in the name of the Trustee, and do any acts which it deems necessary or desirable to preserve the value, marketability or rentability of the Property, or any part thereof or interest-therein. Increase tiZe income therefrom or protect the security hereof, and, with or without taking possession of the Property. sue for or otherwise collect the rents, issues and profits thereof, including those past due and unpaid, and apply the same, less costs acid expenses otoperation and collection Including attorneys' fees, upon any indebtedness secured hereby, all in such orderas to anx i may determine. The entering upon and taking possession of the Pncpecty, the collection of such rents, Issues and profits and the application-thereof as aforesaid, shall not cure or waive any dataiill. or notice of default hereunder or invalidate any act done in response to-such default or pursuant to such notice of default and. notwithstanding the continuance in possession of the Properly or j. the collection, receipt and application of rents, Issues or. profits. mild Trustee and Lender shall be entitled to exercise every right provided far in any of the Loan Instruments or by law upon oecuiTle ice of any.Event of Default, Including with limitation the right to exercisethe power olsale. Further, Lender's rights and remedies underthis paragraph shall be cumulative with, and in no ways limitation on, Lender's rights and remedies under any assignment of leases and rents recnrdeA againat the Property. Lender. Trueft 1 and tls ra;,; lvfi 8CrF,ii ire liable to account only for those rent& actually received. -- - — i 11. Everft of Default. The following shall constitute an Event of Default under this Deed of Trust: (a) Failure to pay any Installment of principal or interest of any other sum secured hereby when due; (b) A breach of or default under any provision contained In the NoW this Deed of Trust any of the Loan Instruments, or" 1 other lien or encumbrance upon the Property; (c) A writ of execution or attachment or any similar process shall be entered against Trustor which shall become a fieay.on the Property or any portion thereof or interest therein; (dg There shall be filed by or against Trustor or Borrower an action under any present or future federal.. state or ©ttr statutes• taw or regulation relating to bankruptcy, insolvency or other relief for debtors; or there shall be appointed any trustiue receiver or liquidator of Trustor or Borrower or of all or any part of the Property, or the rents, issues or profits thereof, or Truster or Borrower shall make any general assignment for the benefit of creditors; (e) The sale, transfer, lease, assignment conveyance or further encumbrance of all or any part of or any Interest in the Property, either, voluntarily or involuntarily, without the express written consent of Lender, provided that ThAtor shall be permiaW to execute a lease of .he Property that does not contain an option to purchase and the term of which does not exceed one y6an (I} Abandonment of the Property; or (g) If Trustor is not an individual, the Issuance, sale, transfer, assignment, conveyance or encumbrance of more than a total of percent of (if a corporation) its issued and outstanding stock or (if a partnership) a total of percent of parinerstrip interests during the period this Deed of Trust remains a lien on the Property. 12. R wriedies; Acaele►stion Upon Default. in theevent of any Event of Default Lender may, without notice except as required by - low, declare all indebtedness secured hereby to ae due and payable and the same shall thereupon become due and payable thout any presentment, demand. protest or notice of any kind. Thereafter Lender may (al- Demand that Trustee exercise the POWER OF SALE granted herein, and Trustee shall thereafter cause Trustoes M.Wlst in the Property to be sold and the proceeds to be distributed, all in the manner provided in the Nebraska Trust Deeds (#3} Exercise any and all rights provided for in any of the Loan Instruments or by taw upon occurrence of any Event of Default: and (c) Commence an action to foreclose this Deed of Trust as a mortgage, appoint a receiver, or specifically enforce any of the covenants hereof. No remedy herein conferred upon or reserved to Trustee or Lender is intended to be exclusive of any other remedy herein, in the Loan Instruments or by taw provided or permitted, but each shall be cumulative, shall be in addition to every other remedy given hereunder, in the Loan Instruments or now or hereafter existing at law or in equity or by statute, and may be exercised concurrently, independently or successively. 13. Tnrsfee, The Trustee may resign at any time without cause, and Lender may at any time and without cause appoint a r successor or substitute Trustee. Trustee shalt not be liable to any party, including without limitation Lender, Borrower. Trustor or any r Purchaser of the Property, for any loss or damage unless due to reckless or willful misconduct, and shall not be required to take any action in connection with the enforcement of this Deed of Trust unless indemnified, in writing, for all costa, compensation or expenses which may be associated therewith. in addition. Trustee may become a purchaser at any sale of the Property oudiclal or under the power of sale granted herein); postpone the sale of all or any portion of the Property, as provided by law; or sell the Property as a whole, or in separate parcels or lots at Trustee's discretion. 14. Fees and Expeneee. In the event Trustee sells the Property by exercise of power of safe, Trustee snail be entitled to apply any sale proceeds first to payment of all costs and expenses of exercising power Of sale, including all Trustees feeo, and Lender's and Truatees etiorney's tees, actually incurred to extent permitted by applicable law. in the event Borrower or Trustor exercises any right.provided by law to cure an Event of Default. Lender shall be entitled to recover from Trustor all costs and expenses actually incurred as a result of Tru =ton's default, including without limitation all Trustee's and att orney's fees. to the extent permitted by applicable law. 15. Future Advances. Upon request of Borrower. Lender may, at its option. make additional and future advances and re- advances to Borrower. Such advances and readvances. with interest moreon. Shaii be secured by this Deed or Trust At no time shat! " the principal amount of the indebtedness secured by this Deed of Trust• not including sums advanced to protect the securty or this Deed of Trust, exceed the original principal amount stated herein, or 513..20.0.00 wrncheve, is greater N