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P 1 'A 90-- 107052 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 Indebtedness 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 data of any payments under the Note, or cure any default thereunder or hereunder. Any unapplied funds shall be paid to Trustor. S. Performance by Lender. Upon the occurrence of an Event of Default hereunder, or if 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 Trustor 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. Nasatdcw Materials. Trustor shall keep the Property In compliance with all applicable laws, ordinances and regulattoris relating tip industrial hygiene or environmental protection (collectively referred to herein as "Environmental La"). Trustor shalt keep the Property free from all substances deemed to be hazardous or luxic under any Environmental Laas loot tWit.roly referred to herein as "Hazardous Materials'). Trustor hereby warrants and represents to Lender that there are no Hazardous Materials on or under the Property. Trustot 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. Assignment of Rents. Trustor hereby assigns to Lender the rents, issues and profits of the Property; provided that Truster 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 part thereof, in its own name or In the name of the Trustee, and do any acts which it dooms necessary or desirable to preserve the value, marketability or rentability 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' fees, 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 or invalidate any act done in response to such defaulter pursuant to such notice of default and, notwithstanding the continuance in possession of the Property or the collection, receipt and application of renta, 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 exercise 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, Trustee 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 of !rust, any of the Loan Instruments, or any other Ilan 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 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; (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 Trustor shall be permitted to execute a lease of the Property that does not contain an option to purchase and the term of which does not exceed one year; (Q 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 0 percent of (If a corporation) its issued and outstanding stock or (if a partnership) a total of 0 percent of partnership Interests during the period this Deed of Trust remains a lien on the Property 12. Remedies: Acceleration Upon Default. In the event of any Event of Default Lender may, witriout notice except as required by law, declare all Indebtedness secured hereby to be due and payable and the same shall thereupon become due and payable without any presentment, demand, protest or notice of any kind. Thereafter Lender may: (a) Demand that Trustee exercise the POWER OF SALE granted herein. and Trustee shall thereafter cause Trusters Interest in the Property to be sold and itie proceeds to be distrlouted, afl ,n the manner provided in the Nebraska Trust Deeds Act: (b) Exercise any and all dents provided for in any of the Loan Instruments or by law upon occurrence of any Event of Delauit: and (c) Commence an actlor to fo•eclose 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 Larder is intended to be exclusive of any other remedy herein, in the Loan Instruments or by law provided or permitted, but eaJ h shal• ce cumulative snail be in addit on to every other remedy given hereunder, in the Loan Instruments or now or hereafter existing at jaw or in equity or by statute, and may be exercised concurrently. Independently or successively. 13. Trustee, The Trustee may resign at any tirre .v.iriout cause, and LPnde, -.ay at any time and wuhout cause appoint a successor or substitute Trustee. Trustee shall not t:e iia-zie to any party. including w,;—rout limitation Lender, Borrower. Trustor or any purchaser of the Property for any loss or damage'jnless due to reckless or willful m•sconduct, and snail not be required to take any action in connection wtP the enforcement of this Deed of Trust unless indemnified. it, ' arting, for all costs. compensation or expenses which may be associated therewith in addition, i rustee may recor.•e a uure.r,:aaer (poi;== ar under the power of safe granted ^ere-n) postpone the sale of a,- "' any ;cr, cr hf the P•cperty. as rrov,ded by law: or sell the Property as a whole a• i separate parcels or rats at rr-.stee's discretion 14. Fees and Expenses. In the event Trustee sells fr're P•ooeity ov exercise of power of sale. Trustee shall be entitled to apply any sale proceeds first to payment of all costs and expenses of enEros,ng power of sale. including all Trustee s fees. and Lender s and Trustee's attorney's lees. actually incurred to extent pram feed by applicable law In the event Borrower or Trustor exerrises, 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 Trustot's default. including without limitation all Trustee's and attorneys lees. to the extent permuted 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 this Deed of Trust. At no time shall the principal amount of the indebtedness secured by this Deed of Trust, not including surr.s advanced to protect the sedufrty of this Deed of Trust. exceed the original principal amount stated herein. or $ 10 X200.(10 . whichever is greater. •) J :—ilk I- V . —E •ar: r .�. ia.. ,• , is , •:';