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- sue:.• .. -- J.... �.........'`I'Y�I.F- 4- RC'sn�f "'.x.s.Y.if.e+a�,! . �.. ........... ....��.- ........ ».�4��.- .�_. -.. .._..�.. _.-_. -. .. .. � - ^n: ;5 ��- t � +,.tai ..�c-•.�t Ji n�) �� 90- 106277 the property to to taken or damaged. Lender shall have the option, in its sole and absolute discretion, to apply all such Proceed& afW deducting tharatrom all costs and expenses Incurred by it In connection with such Proceeds, upon any Indebtedness assured hereby and In such order as Lender may determine, of to apply all such Proceeds, after such deductions, to the restoration of the Ptopwty 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. a. 'edortnance by Lander. Upon the occurrence of an Event of Defaullheraundar, or it any act Is taken or legal proceeding t:ommenced 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 Trustor and without releasing Truster from any obligation, do any act which Trustor has agreed but fails to do and may also do any other act it deems necessary to protect the security hereof. Trustor shall, immediately upon demand therefor by tender, 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. 3, lfazardotm M:f::tah. Trustor shall keep the Property in compliance with all applicable laws, ordinances and regulations relating to Industrial hyglene or environmental protection (collectively referred to herein as "Environmental Laws')- Trustor shall keep the property tree from ail substances deemed to be hazardous or toxic under any Environmental Laws (collectively referred to herein as "Hazardous Materials'). Trustor hereby warrants and represents to Lender that there are no Hazardous, Materials on or under the Property. Trustor hereby agrees to indemnity and hold harmless Lender, Its directors, officers, employees and agents, and any successors to Lender's interest, from and against any and all claims, damages, losses and liabilities arising in connection with 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. Assfgrtment 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 rightto 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 part thereof, 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 rentabziity of the Property. or any part thereof or interest therein, increase the 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 and expenses of operation and collection including attorneys' tees, upon any indebtedness secured hereby, all In such order as Lender may determine. The entering upon and taking possession of the Property, the collection of such rents, issues and profits and the application thereof as aforesaid, shall not cure or waive any default or notice of default hereunder w, invalidate any act done in response to such default or pursuant to such notice of default and, notwithstanding the continuance in possession of the Property or the collection, receipt and application of rents, issues or profits, and Trustee and Lender shall be entitled to exercise every right provided for in any of the Loan Instruments or by law upon occurrence of any Event of Default, including without limitation the right to exarcise the power of sale. Further. Lender's rights and remedies under this paragraph shall be cumulative with, and In no way a limitation on. Lender's rights and remedies under any assignment of leases and rents recorded against the Property. Lender, Trustim and the receiver shall be liable to account only for those rents actually, received. 11. Events 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 Note, this Deed ofTrust, any of the Loan Instruments, or any other lien or encumbrance upon the Property; (c) A writ of execution or attachment or airy similar process shalk be entered against Trustor wtlictl snail become a lien on the Property or any portion thereof or Interest therein; (d) There shall be filed by or against Trustor or Borrower an action under any present or future federal, state or other statute, law or regulation relating to bankruptcy. Insolvency or other relief for debtors; or there shall be appointed any trustee, receiver or liquidator of Trustor or Borrower or of all or any part of the Property, or the rents, issues or profits thereof, or Trustor or Borrower shall make any general assignment for the benefit of creditors; (et The sale, transfer, lease, assignment, conveyance or further encumbrance of all or any part of or any intexest in the Property. ester voluntarily or invotunta.rily, without the express written consent of Lender, provided that Trustor sliall be permitted to execute a tease of the Propefiy that does not contain an option to purchase and the term of which does not excess one year (f) Abandonme*t of fin. Property; or (g) If Trustor is rii.,UM t1dividuar, 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 partnership interests during the period this Deed of Trust remains a lien on the Property. 12. Remedies; Acceleration Upon Default. In the eventcf any Event of Default lender may, without notice except as required by law, declare all indebte3ncsz• secured hereby to be due and payable and the same shall thereupon become due and payable without any presentment demand, protest or notice of- airy; kind. Thereafter Lender may: (a) Demmnd lhaf: 1'rrastee exercise the POWER OF SALE granted herein, and Trustee shall thereafter cause Tr rstor's interest in the RcRlzeii`f. "a be sold and the proceeds to be distrrbufed, all in the manner provided in the Nebraska Trust Deeft Act: (b) Exercise any, ,arrf alt rights provided for in any of the Loan Instruments or by law upon QOcurrerrcr> 01: ;arty Event• Of, Default; and (c) Commence an acbcn to foreclose this Deed: of Trust as a mortgage. appcinta receiver, Or ipedffCaMy, erfamb any of ft covenants hereof. No remedy herr'40 pgriferrel upon or resera:ed to Trustee or Lender is imtended to be exclusive Of amp zther remedy herein, in Me Loan Instrumm7l:a ¢p by l" {provided or permitted, but each shal l be (wmulative. shall be in addrtl'ur. U7 every other remedy arurev hereunder,. n U�r_ -d. "r�?. Irat:nunents or now or hereafter existing at few-cr-in equity or by statute. and may be exercised concurre+. Uy, independentlyv *'s a✓as6;.cG61- 13. Twisters. r•: -!a 71rWVuva may resign at any time without cause. ---j-d Lender may at any time and wothout rDise appoint a successor orsJt)giluteTrustkae. Trustea shall not be liable to any party,, rd tiding without limitation Lender, Borrovver, Trustor or any purchaser cii1-Ya Pmpetty, for any loss or damage unless due to reckless or willful misconduct. and shaJ I not be rdr=us red to take any action in com-yEiman with the enforcement of this Deed of Trust unless indemnified. in writing, fcr all costs. compensation or expenses which may be•associated therewith. In addition. Trustee may become a purchaser at any sale of the Property (judicial or under the pourer of'sale' granted herein); postpone the sale of all or any portion of the Property, as provided by raw; or sell the Property as a whole, or in separate parcels or lots at Trustees discretion. 14. Fees and Expenses. In the event Trustee sells the Property by exercise of power of sale, Trustee shall be entitled to apply any sale proceeds first to payment of all costs and expenses of exercising power of sale. including a!I Trustee's fees, and Lender's and Trustee's attorney's fees. 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 Truster's default, including without limitation all Trustee's and attorneys 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 thereon, shall be secured by 1h +S Deed of Trust At no time shall the principal amount of the indebtedness secured by this Deed of Trust. not including sums advanced to protect the security of this Deed of Trust, exceed the original principal amount staved herein. or S-52,500 . .012 whichever rs greater. It. -- f. . 1 i �x=