201905856
<br />or threatened investigation, claim, or proceeding. In such an event, Lender has the right, but not the obligation, to
<br />participate in any such proceeding including the right to receive copies of any documents relating to such proceedings.
<br />E. Except as previously disclosed and acknowledged in writing to Lender, Grantor and every tenant have been, are and will
<br />remain in full compliance with any applicable Environmental Law.
<br />F. Except as previously disclosed and acknowledged in writing to Lender, there are no underground storage tanks, private
<br />dumps or open wells located on or under the Property and no such tank, dump or well will be added unless Lender first
<br />consents in writing.
<br />G. Grantor will regularly inspect the Property, monitor the activities and operations on the Property, and confirm that all
<br />permits, licenses or approvals required by any applicable Environmental Law are obtained and complied with.
<br />H. Grantor will permit, or cause any tenant to permit, Lender or Lender's agent to enter and inspect the Property and
<br />review all records at any reasonable time to determine (1) the existence, location and nature of any Hazardous Substance
<br />on, under or about the Property; (2) the existence, location, nature, and magnitude of any Hazardous Substance that has
<br />been released on, under or about the Property; or (3) whether or not Grantor and any tenant are in compliance with
<br />applicable Environmental Law.
<br />I. Upon Lender's request and at any time, Grantor agrees, at Grantor's expense, to engage a qualified environmental
<br />engineer to prepare an environmental audit of the Property and to submit the results of such audit to Lender. The choice
<br />of the environmental engineer who will perform such audit is subject to Lender's approval.
<br />J. Lender has the right, but not the obligation, to perform any of Grantor's obligations under this section at Grantor's
<br />expense.
<br />K. As a consequence of any breach of any representation, warranty or promise made in this section, (1) Grantor will
<br />indemnify and hold Lender and Lender's successors or assigns harmless from and against all losses, claims, demands,
<br />liabilities, damages, cleanup, response and remediation costs, penalties and expenses, including without limitation all costs
<br />of litigation and attorneys' fees, which Lender and Lender's successors or assigns may sustain; and (2) at Lender's discretion,
<br />Lender may release this Security Instrument and in return Grantor will provide Lender with collateral of at least equal value
<br />to the Property without prejudice to any of Lender's rights under this Security Instrument.
<br />L. Notwithstanding any of the language contained in this Security Instrument to the contrary, the terms of this section will
<br />survive any foreclosure or satisfaction of this Security Instrument regardless of any passage of title to Lender or any
<br />disposition by Lender of any or all of the Property. Any claims and defenses to the contrary are hereby waived.
<br />19. CONDEMNATION. Grantor will give Lender prompt notice of any pending or threatened action by private or public
<br />entities to purchase or take any or all of the Property through condemnation, eminent domain, or any other means. Grantor
<br />authorizes Lender to intervene in Grantor's name in any of the above described actions or claims. Grantor assigns to Lender
<br />the proceeds of any award or claim for damages connected with a condemnation or other taking of all or any part of the
<br />Property. Such proceeds will be considered payments and will be applied as provided in this Security Instrument. Ibis
<br />assignment of proceeds is subject to the terms of any prior mortgage, deed of trust, security agreement or other lien document.
<br />20. INSURANCE. Grantor agrees to keep the Property insured against the risks reasonably associated with the Property.
<br />Grantor will maintain this insurance in the amounts Lender requires. This insurance will last until the Property is released from
<br />this Security Instrument. What Lender requires pursuant to the preceding two sentences can change during the term of the
<br />Secured Debts. Grantor may choose the insurance company, subject to Lender's approval, which will not be unreasonably
<br />withheld.
<br />All insurance policies and renewals shall include a standard "mortgage clause" (or "lender loss payable clause") endorsement
<br />that names Lender as "mortgagee" and "loss payee". If required by Lender, all insurance policies and renewals will also include
<br />an "additional insured" endorsement that names Lender as an "additional insured". If required by Lender, Grantor agrees to
<br />maintain comprehensive general liability insurance and rental loss or business interruption insurance in amounts and under
<br />policies acceptable to Lender. The comprehensive general liability insurance must name Lender as an additional insured. The
<br />rental loss or business interruption insurance must be in an amount equal to at least coverage of one year's debt service, and
<br />required escrow account deposits (if agreed to separately in writing).
<br />Grantor will give Lender and the insurance company immediate notice of any loss. All insurance proceeds will be applied to
<br />restoration or repair of the Property or to the Secured Debts, at Lender's option. If Lender acquires the Property in damaged
<br />condition, Grantor's rights to any insurance policies and proceeds will pass to Lender to the extent of the Secured Debts.
<br />Grantor will immediately notify Lender of cancellation or termination of insurance. If Grantor fails to keep the Property
<br />insured, Lender may obtain insurance to protect Lender's interest in the Property and Grantor will pay for the insurance on
<br />Lender's demand. Lender may demand that Grantor pay for the insurance all at once, or Lender may add the insurance
<br />premiums to the balance of the Secured Debts and charge interest on it at the rate that applies to the Secured Debts. This
<br />insurance may include lesser or greater coverages than originally required of Grantor, may be written by a company other than
<br />one Grantor would choose, and may be written at a higher rate than Grantor could obtain if Grantor purchased the insurance.
<br />Grantor acknowledges and agrees that Lender or one of Lender's affiliates may receive commissions on the purchase of this
<br />insurance.
<br />21. ESCROW FOR TAXES AND INSURANCE. Grantor will not be required to pay to Lender funds for taxes and
<br />insurance in escrow.
<br />22. SUCCESSOR TRUSTEE. Lender, at Lender's option, may from time to time remove Trustee and appoint a successor
<br />without any other formality than the designation in writing. The successor trustee, without conveyance of the Property, will
<br />succeed to all the title, power and duties conferred upon Trustee by this Security Instrument and applicable law.
<br />23. USE OF PROPERTY. Grantor shall not use or occupy the Property in any manner that would constitute a violation of
<br />any state and/or federal laws involving controlled substances, even in a jurisdiction that allows such use by state or local law or
<br />ordinance. In the event that Grantor becomes aware of such a violation, Grantor shall take all actions allowed by law to
<br />terminate the violating activity.
<br />In addition to all other indemnifications, obligations, rights and remedies contained herein, if the Lender and/or its respective
<br />directors, officers, employees, agents and attorneys (each an "Indemnitee") is made a party defendant to any litigation or any
<br />claim is threatened or brought against such Indemnitee concerning this Security Instrument or the related property or any part
<br />thereof or therein or concerning the construction, maintenance, operation or the occupancy or use of such property, then the
<br />Grantor shall (to the extent permitted by applicable law) indemnify, defend and hold each Indemnitee harmless from and
<br />against all liability by reason of said litigation or claims, including attorneys' fees and expenses incurred by such Indemnitee in
<br />connection with any such litigation or claim, whether or not any such litigation or claim is prosecuted to judgment. To the
<br />K3 PROPERTIES LLC
<br />Nebraska Deed Of Trust
<br />NE/4XXXKAREN00000000002027042N Wolters Kluwer Financial Services ©1996, 2019 Bankers Page 5
<br />Systems"
<br />
|