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<br /> 8�1°. ��V�a70
<br /> tha P�operty ie�o t�ken or dAmaped,�ende�aheli h�ve the option,�n Ita sola and absotuta dlacretlan,to apply all such Procaeds,
<br /> •ftpr deductinp thetefrom aH cosis and expersses Incurred by it ln connect4an w�th such Procaeds,upon any indebtedness sacu�ed
<br /> � hareby and i�auch ordsr at Lsnder muy determine,or to apply all�uch Proceeda,after auch deductions,to the restaratlon o!the
<br /> - Proper�t u�n euah Gond�tiona as Lender mey determi�e.Any appUcation ot Proceeda to indebted�ess shall noi extend�r�osipane
<br /> ' the due date of any paymente under the Note.or cure any default thereunder or hereunder.Any unapplied funds ahall be pafd to
<br /> Trustor.
<br /> � 9. P�lom�anc�by L�ndK.Upon the occur►ence o1 a�Event ol0etault hereunder.or if any act is taken or legal proceeding
<br /> commenced which materially eHects Lender'a intere�t fn the Properry,lender may in its own discretion,but without obliyatlon to do
<br /> so,a�d without notice to or demsnd upon Trustor end wlthout releasiny Trustor from any obligation,do any act which Trustar hes
<br /> s±Qrw.wt h���t,alt+e;p�i�And may al�dn a�y other act It deema neces�arp to nrotect the securitv hereof.T�uator shall,immediately
<br /> � upon demand theretor by Lender,pay to Lender all costs and expenaes incurred and suma expended by I.ender in connectlon wtth
<br /> : the exerclse by Lender of the forepoing rlghta,together with interest therean et the datault rate provided in the Note,which shall be
<br /> � added to the indebtednes� secured hereby. Lender shal� not Incur any liabitit� becauss ot anything it may do or omit to do
<br /> hereurtder.
<br /> ' 9. Ha=ardous Mat�rlal�.T�ustor shall keep the Property in campliance�nrith all appllcadls laws,o�dinances and regulatio�s
<br /> �� relating to industrial hy�iene or environmental protection (coliectively referred to hereln as"Environmental Laws").Trustor shall
<br /> � keep the Propery iree from all substances decamed to be hazardous or toxic under any Environmental Laws(C011ectively refe�red to
<br /> l�ere+n as"HazBrdous Materlals").Truator hereby war�ants and represents to Lender that there are no Haza�dous Materiais on or
<br /> u�der tha ProRertY•Trustor hereby agrees to indem�ify and hold harmle9s lender,its directorg,pfticera,employees and agents,and
<br /> � any succeuors to lender's Inte�est,irom a�d againa!any and all c'aima,damagea,losses an�aiabilities arising In connaction with
<br /> � the preseoCe,use,dispoaal or transpoh of any Hazardous Materials on, under, Trom o� ahout the Praperty.THE FpRE�O1N0
<br /> WAFiRANTIES AND REPRESENTATIONS,ANO TRUStOR'S OBLIGA'ftONS PURSUANT TO THE FOREGOING INDEMi�lTY.SHALI.
<br /> ' SllAVIVE RECONVEYANCE OF THlS OEED OF TRt3ST. ' :
<br /> 10. Assi�nm�nt ol R�nb.Trustor hereby assigns to Lender the rents.�sss�es a�d profits of the Property;provlded that Trustor
<br /> j shall,until the occurrence ot an Event of Default hereunder,have the right�v eallect and retain such rents,issuea and profits as they
<br /> I become due and payable.Upon the occurre�ce o1 an Event of Defauit,Lender may,either in person or by agen�with or without
<br /> � tarin�ing any aCtion or proceeding,or by a receiver appointed Dy a court and wi�hCut regard to the adequacy o1 its securily,enter
<br /> upon and fake possesslon of the P►opertlr,or any pa�t tt�ereol,in its ow�name or in the name ot the Trustee,and do any acts which it
<br /> • deems neces9ary or desirable to presenre the va►ue,ma�ketabiiity or�enta�it�ty of the Praperty,or any part 1he�eof or interest tharein,
<br /> increase the inceme therofrom or protect the seCUrity horeof and. wiih or withput taking possession ot the Property,sue tor or •
<br /> ' otherwise cotlect the rents,issues and profita thereo}, including those past due and unpaid,and apply the same,less costs and
<br /> expensea of operatlon and collection inctuding attorneys'fees,upon any indebtedness secured hereby,all in such order as Lender �
<br /> • may determi�e.The entering upon and taking possession o1 the Property,the collection oi such rents.issues and proilts and the �
<br /> application thereol as aforesaid,shall not cure or waive any detault or notice o1 default hereunder or invalidate any aCt clone ln ��
<br /> response to such defautt or pursuantto such notice ot default and,notwithstanding the continuance in possession ot the Property or �S v
<br /> the Collection,recelpt and appUcation ot rents, issues or profits,and Trustee and Lender shall be entitled to exercise every rlght { '
<br /> � provided tor in any of the Loan lnstrument�or Dy taw upon occurrence of any tveni ofi ueiauti,inciuoing wiii�ouE iimiiaiion ine rigni ��
<br /> to exercise the power of sale.Further,Lender's rights and remedies under this paragraph shalt be cumulative wlth,and In no way a
<br /> I limitation on,Lender's rlphta and remedies under any assignment o1 leases and rents recorded against the P�operty.Lender,Trustee
<br /> and the receiver shall be Ilable to account only tor those rents actualty received.
<br /> 11. EvNtb ot OMsult.The following shall const�tute an Event oi Default under this Deed oi Trust
<br /> (a) Fallure to pay any installment o1 princ�pal or interest of any other sum secured he�eby when due:
<br /> (b) A breach of or detault under any p�ovision contained in the Note,thls Deed o1 Trust,any o1 the Loan Instruments,or any
<br /> i other Ilen or encumbrance upon the Property:
<br /> i (c} A writ of exer,ution or attachment or any similar process shall be entered against Trustor which shall become a liere on
<br /> the Property or any portion thereof or interest therein;
<br /> (d) There shall be(iled by or against Trustor or Borrower an ection under any present or tuture federal,state or other
<br /> statute,law or regulation relating to bankruptcy,insolvency or other reliel for debtors:or there shall be appointed any trustee,
<br /> � receiver or liquidator of Trustor or Borrower or o1 all or any part of the Property,or the rents,issues or profits thereot,or Trustor
<br /> I or Borrower shall make any general assignment for the benefit of creditors: —
<br /> � (e) The sale,transfer, lease,assignment,conveyance or further encumbrance o1 all or any part of or any interest in the
<br /> , Property. either voluntarily or involuntarily, without the express wriiten consent o} Lender; provided that Trustor shall be
<br /> permitted to execute a lease o1 the Property that does not contain an option to purchase and the term of which does not exceed
<br /> one year; '•;:-._
<br /> (fl Abandonment o1 the Property;or �
<br /> . (g) I}Trustor is not an individual,the issuance,sale,transfer,assignment,conveyance or encumbrance of more than a total !-
<br /> ot percent ot(if a corporation)its issued and outstanding stock or(if a part�ership)a total of percent of : .
<br /> paRnership interests during the period this Deed o1 Trust remains a lien on the Proper4y.
<br /> 12. R�m�dNs;AecN�ntbn Upon DNault.In the event of any Event of Oetault Lender may,without notice except as required by -
<br /> law, decla�e all indebtedness secured hereby to be due and payable a�d the same shall thereupon became due and payabte
<br /> without any presentment,demand,protest or notice of any kind.Thereafter Lendor may:
<br /> {a} Oemand that T�ustee exercise the POWER Of SALE granted herein, and Trustee shatl thereafter cause Trustors
<br /> i�terest in the Property to be sold and the proceeds to be distributed,all in the manner provided in the Nebraska Trust Deeds
<br /> Ack
<br /> . (b) Exercise any and all rights provided for in any of the Loan Instruments or by law upon occurrence of any Event of
<br /> Defaulx and
<br /> {c) Commence an action to foreclose this Deed ot Trust as a mortgage,appoint a recaiver,or specitically enforce any of the
<br /> , covenants heraol.
<br /> !Vo remedy herein conterred upon or reserved to Trustee or Lender is intended to be exclusive of any other remedy herein,in the
<br /> Loan Instruments or by law provlded or permitted,but each shal!be cumulative.shalt be in addition to every other remedy given
<br /> . hereunder,ie�the Loan Instruments or now or hereafter existing at taw or in equity or by statute,and may be exercised concurrently. '
<br /> sndependenJy or successively. • ° - - -
<br /> � t3. Tiust�. The Trustee may reslgn at any time wfthout cause,and Lendet may at any Ume and without cause appo�n!a '
<br /> sss�cessov or substitute Trustee.TruSteH shall not be Ilabla to eny party.inCluding without lim�tation Lender,8orrower,Trustor or any �
<br /> {surchaser a!ihe Property.tor any loss or damage unless due to reckless or w�I1fuI misconduct,and shalE not be requireQ to take any � � �
<br /> ' action in cannection with the entorcement ot thls Deed o1 Trust unless indemnified, in wrding,for all costs, compensation or , ! i
<br /> � � expenses wMch may be associated therewith.In addition,Trustee may become a purchaser at any sal�of.the Propeciy fjudic�21 or . ,f
<br /> � un4er the power o1 sale granted herein);postpane the sale of all or any p�rt�aR o1 the i�roperty.as provided by iaw:ar seti� the
<br /> Ptoperty as a whole, or in separate parcets or lots at Trustee's discretion.
<br /> 14. F�s and Exp�ns�s.In the event Trustee sells the Property by exerCrse of power ot sale.Trustee shall be enbt:ed to appfy
<br /> � eny sale proceeds 6rst to payment of all costs and expenses of exerC�s�ng power ot sa1e,�nctud�ng a11 Trustee's fees.and Lender's
<br /> aR�Trus2ee's attorney's feea,actually:ncurred to extent perm�tted by appl�cable law.In the event 8orrowor or Trustor exerc�sas any ^
<br /> right prGVided by law to Curg en Event of Oetault.Lend6r shall be ent�tled to r8covor from Trustor all cost�artd expenses actually
<br /> lrCUrrGd as a r6suH of TrustOr's dEfau�t, mGud+ng r�+thouf hmrt9tior. 81I Trustea's and �ttomey's fpHS. to the extont pormitted by
<br /> applicable law. �!
<br /> 15 Futur� Advane�s. Upan raqvest�t Borrower. Lender may. at�ts option, make addit�onal and lulurc�adv&ncos t�nd ic�- .
<br /> advancos to Borrower.SuCh advanco9 and►eadvancos.w�th mterus!thureon.sr�ali bo se�:uretl by In��pa�d n}7�ust A1 no 6mc�shen
<br /> thq p1�nL�pa�BmOUnt 0�thQ mdEfbfEldny53 9dCUfed Gy thiy pe�dd U} 1fUS1,n(��in�lu��ng gUrnS�dvanf.f�t1 tv pfolHCf ihE�SHCUt�fy Ot t�uS
<br /> DO�d O�7ru51,E7KCCUd th0 OnE��n�{pnn�ip��l amuurit BtJ1Ud hpr�,m Ur g Y�h�L'hpvt�r �5 ym;ltPt
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