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<br />the Property is so taken or darnaged. Lender shall have the option, in Its sole and absolute discretion, to apply all such Proceeds,
<br />after deducting therefrom all costs and expenses incurred by It In connection with such Proceeds, upon any indabtodness secured
<br />busby and in such order as Lender may determine, or to apply all such Proceeds, alter such deductions, to the restoration of the
<br />Property upon such conditions as Lender may determine Any application of Proceeds to indebtedness shall not extend or postpone
<br />the due date of any payments under the Note, of cure any default thereunder or hereunder. Any unapplled funds shall be paid to
<br />Trustor.
<br />A. Perlonsame by Lender. Upon the occurrence of an Event of Default hereunder, or of any act is taken or legal proceeding
<br />commenced which materially Matte lender's Interest in the Property. Lender may in its own discretion, but without obligation to do
<br />so, and without notice to or demand upon Trustor and without releasing Trustor from any obligation, do any act which Tfustor has
<br />agreed but falls to do and may also do any other act it deems necessary to protect the security hereof. Trustor shall, Immediately
<br />upon demand therefor by Lender, pay to Lender all costs and expenses incurred and sums expended by Lender in connection with
<br />the exercise by Lender of the loregofng rights, together with interest thereon at the default rate provided in The Note, which shall be
<br />added to the indebtedness secured hereby Lender shah not Incur any liability because of anything It may do or omit to do
<br />hereunder.
<br />g. Hazardous Materials. Trustor shall keep the Property in compliance with all applicable laws, ordinances and regulations
<br />relating to Industrial hygiene or environmental protection icoflectrvely referred to herein as "Environmental Laws "). Trustot shall
<br />keep the Property free from all substances deemed to be hazardous or toxic under any Environmental Laws (collectively referred to
<br />herein as " Hazardous Materials"). Trustor hereby warrants and represents to Lender that there are no Hazardous Materials on or
<br />under the Property Trustor hereby agrees to indemnify and hold harmless Lender, its directors, officers, employees and agents. •ef►1d
<br />any successors to Lender's interest, from and ageirist any and all claims, damages, losses and liabilities arising in connection with
<br />the presence, use, disposal or transport of any Hazardous Materials on, under, from or about the Property. THE FORE001 V:a
<br />WARRANTIES AND REPRESENTATIONS AND TRUSTOR'S OBLIGATIONS PURSUANT TO •rHE FOREGOING INDEMNITY, SHALL
<br />SURVIVE RECONVEYANCE OF THIS DEED OF TRUST
<br />10. Assignment of Rents. Trustor hereby assigns to Lender the rents. Issues and profits of the Property: provided that Trusato7
<br />shall, until the occurrence of an Event of Default hereunder, have Chit right to collect and retain such rents, issues and profits as they
<br />become due and payable Upon the occurrence of an Event of Default. Lender may, either In person or by agent, with or wdho%jl
<br />bringing any action or proceeding, or by a receiver appointed by a court and without regard to the adequacy of its security, enter
<br />upon and take possession of the Property, or any pool thereof. In its own mimtt or in the name of the Trustee, and do any acts which h
<br />dooms necessary or desirable toprese►ve the value, marketability or rentability of the Property, or any parithereof or interest therein.
<br />Increase the Income therefrom or protect the aecUOity huleof and with or without taking rtgssession of the Property, sue for OT
<br />otherwise collect the rents, issues and profits Ihereot, mrhfdlny those past due and unpaid, and apply the same, less costs and
<br />expenses of operation and collection Including attorneys tees. upon any Intlelneaness secured nereby. aii in such order as Letsdef
<br />may determine The entering upon and taking possessunt of the 1-topetly, the collection of such rents. Issues and profits 8mfh the
<br />application thereof As aforesaid. shall not t:ure of waives any Aefatm Jr ntltit N all default hereunder or invalidate any act done In
<br />response to such default or put suant to such notiro ill dulanit and nutwathsfal. ding the contlnutlnce in poisesslon of the Property or
<br />the collection, receipt and application of rents, issues air profits and Trustee if Lender shall be ant• ";oa h' exercise ylie(y right
<br />provided for in any M the Loan Instruments of by la* uiion I I, , , it rt•r, •• i o Jnv ( v"tlt i of nidault, one lud,n g wilrout limitation tale right
<br />to exercise the power of sale F urthaf. Lenders rights itnd filnlpd,ew Iita)e•t this pwayraph shall be c,,rnuiaf ve with, and in no way a
<br />limitation on, Lender's rights and remedies under arly Aseignrneim tit i44.t%4bik,It0 rt•nle recorded against IM Property Lender, Trustee
<br />and the receiver shall be liable to account only for those+ rents At luauy I"-wlred
<br />11. Events W Debull. The following shall ennslitute an I %Ntil nl Uetault undur flits Deed of Trust
<br />(a) Failure to pay any Installment of pnncipAl fit ultatesl ill Any nlhao s.1m rerurod hereby when due
<br />(b) A breach of or default under any prov,slon t urrtaated in file Note fills (laved of trust. any of the L uan Instruments. or any
<br />other lien or encumbrance upon the Property.
<br />(c) A writ of execution or attachment or ,Iny sinwAr Brut use %ilail bit Mnferwi against TrusiC4 which shall become a lien On
<br />the Property or any portion thereof or Interest therein
<br />(d) There shall be filed by or against Tru%toi of Hurruwu+ ,u. at mitt ovidat ,my pres,lm ,, future federal, state or Other
<br />statute. IoW or regulation relating to bankrUptl:y 'n%ojvrn( y 1.r (.l►n.r ipoief Ca deblurtl or there sp.a). " appointed any trustee,
<br />receiver or liquidator of Trustot or Borrower or of ail of .Iny ciao . ,t Ili„ Po. llrorty or trip rents, Issues or profits thereof, o: "Ustor
<br />Or Borrower shall make any general asstynmtlnt fol the banemf lit , irrtmturs
<br />(e) The sale, transfer• lease, assignment convbyance, ,ir mptho,l Not umMAn1 a of wt fir any part of or any Interest in the
<br />Property, either voluntarily or involuntarily• wdno(rt tho I•ipress *oaten t uosttit of I ender. provided that Tlustof shalt be
<br />permitted to execute a lease of the Property thall does not i- ontan+ ern uptwti m) purchase and the term of which does not exceed
<br />one year.
<br />(1) Abandonment of the Property, of
<br />(g) It Trustor is not an individual. the issuance floale. triode► .ISS,V1,n1Nl11 I unlray411t U Of WILuenbrant:e of more iliana total
<br />of _... . - . percent of tit a corporation) its HSueJ and uulst.lndrfly III, I, to 1 t a pAllrtorrship) J tptAl Of percent of
<br />partnership interests during the period this Dead tit Ttu1,t tpmat11s A Iiw• 1. 11144 11, .i,"Ity
<br />12 AsflNdlNi Aeeelierstlon Upon DoWl. in the anent of alit, t vanl of Uulaltio t 44n•Ittn tt,tiy *,trt,nit notice e■(.ep1 a8 fequlred by
<br />taw, declare all indebtedness secured hereby to be due and ltaya11144 ,N -11 fi,44 4.4'lw vr•,tu 1111414rupon becom" (_ire and >rayyble
<br />w0out any presentment, demand. protest of nutit.a of any kind itleteditNr t.Yn.rpr ut,Iy
<br />.Ia) Demand that Trustee exercise the POWER OF %Att utwiawo rmiow. ,alts I1,iomw %Rill tr,ereufter L;uae Truotor's
<br />.tmtertst In the Property to be sold and the pivt eeds to be d,str,bulYd Ju top wat,t.ut htovided in the Nebraska Trust Oeflde
<br />Arck (b) Exercise any and all rights Provided ter all „101y of the loan uastl „n ynly .0 hr la* upon uLLUrren6e Uf 8T1f Event Of
<br />Default and
<br />tiro Commence an action to fotet:lose this Deed of Trust as a, tnartgago opt.,uant a l uivul w sput.ihcally enfof ce arty Df the
<br />cn.,ona.w hanehnr
<br />No remedy iNtrein conferred upon or reserved fu f lustvb ul I l•n11t11 rirnledy tttlr!• (1. In rho
<br />Loan Instruments or by few provided or permitted but eat h 1IhF411 itN &o 1,, n h1 !witty ()floor foltio 1y given
<br />hereunder, m the Loan Instruments of now of hereafter existing dt 1J* of lit vtlu4y w by Y.41„f44 41-d MAW be axe►elsed concurfently.
<br />Independently or successively
<br />13 Trustee. The Trustee may testyn at any little *'Ihuut , at,3a .11-11 l "11,1441 asst of .a,,r t "w ,eo *illluul , Aube appoint a
<br />successor or substitute Trustee Irustee shall nut be liable to ally PA sly •tit 1,.,bt1V w,Ih,,,,t im,,f.It•, it • I Nttt teat Kit i ofiifer T tuslor or any
<br />purchases of the Property, for any fuss of damage ul"ou5 due to 1et.k111011Ia *•1tf,r +'•St • "'•1• , e "• I 'll',I" 1.t,t bop Itg,lled 1e take any
<br />action In connection with the enforcement of this Dead (if Ttuyl tifliyill .n „,.t•n hp) *. I.raV 11,. All , .1y1% t o",pensamon of
<br />expenses which may be assn iat@d therewith In addrhon. rtualele ntay bt•i 11111410 A Vu1t r'asav, al A, rala „7 it,” Ptulwity iludicial of
<br />under the power of sale granted herein) postpone the saty of all fir it y of ofl-o-, ,f then I'r u1.Y'tr it's 1,1,1.1,1041 by taw pf )jell the
<br />Property as a whole. or in lowaiale Pat calls or lots at 'hustea's d+sLtebul,
<br />14 Feeeand Expenses. inthe event Trustee sells the I'fOPWty by exelt--r31 ,A t,u *bt 1,f ItAIIIII T",siiw gill,. (•a ••rimtiad tit ripply
<br />any sale proceeds to tit to payment of lilt t 05U 81111 01046 OFF ,4 1nQ Ixt * "r ' 1 x.ita „ 1" .I r t, ,�tla• ti te•44r .ifid i 41ncll.r'9
<br />and Trustee's attorney s teas, iscluuuy tnrtnred to voitent 1-11010d ht APVI•, ADiN 140 -1, it' •,.•„ , N.•' • *N, T,,,ymv Nxati Imis ally
<br />right provided by law to cure an Event of Default Lender k►tsn be wiltti"d I. , ", ,.r. r • +t 1'' '311 1" 1 ••.Vet•11eL actually
<br />incurred as a retull of Trustot of default - r%dud,ng %,t ►+out t,m tymn , ,I,, in,stplt •. .I , I ,•i. .n•,• t • 1,'" voteo,t tletr tined by
<br />applicable taw
<br />15 Futwe AdverKN. Utlun re400tst ut 40'fn *er I N1n10t fiat Al 't3 . •1d "• " n�. n 1 1 r t t ,1.,11' hiv.p,L N1 affil re
<br />advances, to Borrower SUCK a.1,r11t1( es and load.an(os *.t•1 , "IN/443r lt,pfo i. Yt,,i tw ♦.• •• f 1,, " . l •.y.• 1 .1 1 At ,,,, I ,to Shall
<br />the pttncipai amount Of fhM dlttabfadnNy9 sat u,It,l try t', it Deer -,1 •t T' x31 ., „ , '.4 N ., NA 1 f. I .. tt., I to". ,,,, ,t ty ..I to"%
<br />Deed of Trust. excuvod the orig,nal prinGpai '"- Ou'll'Jt&IeJ hprt. „ ," S *t• , "• .% re"fe.,
<br />�. .,,- ,•,,r,�....10 ., ..J -. .�..i�. . '�...:' ..__.._..... .. __..._._�___...- i -.__� - ..___._.. ._... +1t,• „ .. ,.. a„
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