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<br /> � t�prpqrly If�o t�k�n a d�0�d.I.MdN sh�ll h�Y�t�°P�O�•�n Iq wN�od abfotut�dfanNOn,to�ly�II wah ProeNd�, --------
<br /> �}���qnp th�rNrom NI co�b�nd�xpinsN Incurnd by It in oonn�ation wifh wch ProcNdi,upo�1�ny Ind�bt�dnM�M°und
<br /> hK�byr and in wch ad�►q I.�nd�r m�Y d�tsrmlM,or to�pply�II�uch ProcMd���1tK woh d�duatbn�to tlN rMtontlon o1 th�
<br /> p�op�rty upo��uah conditbn��s Lends�m�y d�tNrmin�.A�y applleatton ol ProcNds w fnd�bt�dna�sha�1 na�xt�nd a postpon�
<br /> � Ih�du�d�t�ot anY paYm�nb undar ihs Nots.or cun�ny dN�ult tMnu�r a h�►�urni�r.Any un�ppll�d/unds thall b�pa�d to
<br /> T�wtor.
<br /> 8 pMpnn�no�by 6�nd�►,Upon Ihe ooaurrencs ol�n Ev�nt ot Defauil herwnd�r,or If any aol is uk�n a Ipd proe n0
<br /> ^ eomm�nG�d whloh ml�teri�lly eftecta Und1r's Inte►at In th�Property,4ender may►n tta own dlscreUon,but wlMout abligeNon to do ._- - . .___._.�.�_
<br /> :,�,ti::,. w,and without notics to or dsm�nd upon Tiu�tor�nd wilhout relea�lnp Trultor Irom�ny oblip�tion,do any acl whlch 7rwWr haf
<br /> . ,�n��,,. •r�•, �prNd bW f�lle to do snd m�y etso do any oth�r aot it dsem�naceaiary to proroct the securty heraof.Trusta�h�H,lmm�dl�tely _
<br /> -;°..,:ro,� -,..� upondem��dlher8lorbyLender,payto6enderallcosttandexpenae�Incur�edandeum�expendedbylendMlnconnocdo�with
<br /> �dd�d toith�yir�b eA�dnass e�cur�ed herib�ys.�end�e shall not�Incur�ny tl�b Ilrydbecau,ts,af nylhinq�llhm�y do ohiom t to'do � I_
<br /> ::Y^xClrv.'+: !' hNYUtfd9l. _
<br /> � � ,.a�.j�;� `.; 9. Huardow YMwIW.Trust°r e�T�II keep the Properry 1n compliance wllh ell applicable lawe,ordinences and repulatlone = _�
<br /> reladnfl to induatrial hyg�e�w or anwiro�emonte�Protecrion(collectiwely ref�rred to hereM as"Enwironmental lews"►.T�uetor aholl
<br /> ' keep the Property hee hom ei�substa"ce�dQemed to be ha:a►dous or�oxic under any Envlrortmental l.awe(caNectivaly relen�cQ
<br /> -- '•'-*-`•s• ���t` hsrek► as"Hazardotts MaWri�is 1•Trustor he�eby warrants and reRresenta to 4¢nder that therQ arp no Hezardous MBtedgle on ar �_��
<br /> - :"�'�'�'�'�`y r.,''` unde�the Property Trustcr Iwreby a�reea to i rMemnly and ho'd harmiess k-encter.�xs directors,otfice�a.employees and epents,a�d �_____
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<br /> - �,;,,:;�� �:;� any succes�ors to I.er►de►'s inte�est horn ond a�ainet any and ail c(aims, damages.�osses artd�iab�iities a►isf�9 TWE GOREGQ Q r
<br /> � �;�f�;�i':'�'•''' �- the e�enco.use,disposal c+r transpQrt o1 an Hezardous MateriaW on,under,irom or about ffie PropertY
<br /> � `{���:�''=;„,�j,!.� WARRANTIESANOREPRESENTATIOPGS.ANDTRUSTOR'SOBUGATiONSPIjRSUANTTOTHEFORE(iOUVQ�NDEMNITY,SHAII
<br /> ��,'�`:�- �.�'' SURVIVER�CONVEYAKCEOFTHISQEEDOFTRUSL -- ----�-�T -� .
<br /> � :ti�'�'� 10. AsslpamN�10�R�nb•Trustor hereby easigns W Lender the renta,issues and protits of the Property,provided that Trualor __ _ _
<br /> ' .� 7;:. ahall,undl the occurrenCe of an Event of Oelault hereunder,have ihe ripht to collect and retain auch rents.issues and proQts aa they a„�_„T,_.
<br /> �•�`':��f.»,•;'1 .� become due and peyable.Upon the occurrence ol an Event ot Default, Lender ma3�,elther in person or by eyent,with or wiihcut �;��° ',�,����:_
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<br /> �;,,,, ,.,,::.;.i,. brinpinQ eny action or proceeding,or by a recelver ap�polnted by a court and withe�ut regard to tne adequacy ol its securiry,enter -1: .
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<br /> '' ' 1��a,��i upon and teke posseasion ol the Property,or any paft thereof,in its own name or In the neme o1 the Trustee,and do any acta which it ;1,��••�—.:
<br /> ' " . �
<br /> ' + ;i,r�•�.}�^�t.s.;- deems necossary or desfrable to prese�vethe value,merketebiUty c�rentabfliry aI the Property,or aoy part thereof or Intereat therein, i, i„�
<br /> •,• ,3��.� Increase the income therelrom or prot�ect tt�e aearity horeof and,wlth or�rithout tekfnQ possession ot the Prope►y,aue for or �;,. �5;,:..«.,
<br /> F'(�'�-'F"�.".�,,;�° ptherwlse collect the rents,isaues and profita thereof,Includfng those past dua end unpafd,and apply the eame,less costs and �� ' Zi�,..��.�
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<br /> '} '••;;��� • • expenaes ot operation and collectfoo Includi nQ attorneys'fees,upon any Indebtedneas secured hereby,all in auch order as Lender t �..,�,
<br /> , ,, ,���,,.;
<br /> ;a u;a{t may determine.The enterinp upon and teklny poasesslon ol the Prope►ty,the collectlon of auch rents,Issuea and protlta end the :�:df�:-._--�-
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<br /> . . eppl�aUon the�eof es eforesald,shall not cure or walve any detault or notiae of delault hereunder or Invalldate any aot done In �.,,______—
<br /> �'�%`�'�•'� response to auch defeult or purouantto such notice of detault and,notwichstandlnp the conHnuence+n poasesslo�of the PropeAy or ---�-- �
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<br /> - - •f� �'= !!1a collec!!�s!,rscel�+t end epQllcation d rents,is8ues or protlts,and Trustea and Lender shalll�v entftled to er.arcfse every right �� � __
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<br /> ,.,���. ,� ; .,+�'.�(1�ti � . prorided for In any o1 the Loan Instrumente or by law upon occurre�ce o1 any Event ot uefauit,ic+�ciudin9 wiihait Smffatfan t~a::n.".: �, �
<br /> + • �.•;'��. . to exarcl�e the power o1�ale.Further,L.ender's right3 and remedies under thfs paragraPh shall be cumuletive wlth,end In no way e Sn�. � ,, :�.�
<br /> , �,,�; Ifmllation on,Lender's rights and remedies under any ass�gnmeM of teases and reres re�vrded agalntt the Prope�ty.Lender,Trustee ,ro..tt.:�,- --�• °
<br /> �.���_r_w..�:
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<br /> ��� i�nd the recelver shall be Ilable to acc�oc�t anly fur those rents actually receivep. y
<br /> . ' , ,: d�`';I;::,., 11, Ey�nb ol ONUUIt.The following ehaA conatitute an Event o"•Detault under Ihia paed ot Trust , _ , � .•: }�; ,�.. f. ,
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<br /> �.�;�,, y��� �,.� (a) Failure to pey eny fnstal(ment ol princlpal or Intereat ot any other sum aecured nareby when due; , ; �•� �;' •:�:�
<br /> . �::•.�",�.�^' . •'�`'•y` (B) A breach ot or default undarany provlslon contafned in the Note,this Deed ot Trust,any of the Loen Instruments.ar any •„ ;'.'�•;;._�?�•,, .,.``•`;
<br /> 1 S `''�� ' � othar Ilon or encumbrance upon the Property: � '�� ' �'
<br /> �.� �.-.�/i':, �i��'� '.'-,. . '..r .:
<br /> �.�� • ,.;�,,,.•,� (c)A wrlt of execution or attachmeMOr any simflar process shell be entered eyalnst Trustor whlch ahall become a Ilen on F.: � ��a.� ����> ���,
<br /> � the Properly or any poRion thereot a irnerest therein; ,.r,�f'j,��i%�:`'��_�
<br /> ;,,�'tfj�,'''�'.1� (�3 The►e shall be ftled by or apeinst Trustor or Borrower an actlon under eny present or future lederal,state or other , •.-.: +� ' �c,` .
<br /> ,�rjy�.�'�,�;';., � f, �. ',;;,� sfetute.taw or regulatWn relatinp to bankruptcy,insolvency or ather rellef lor debtors;or there shall be eppolnted any truetee, _I.�.��;�,;,f;�_._
<br /> � �1�,; �' 1 n r •�� • receiver or Ilquldator ot Trustor or Barrowe�or of all or eny part of the Property.or the renta,issues or prollts thereot,or Truator ���E { :. ++•��°_
<br /> �•�%��f•�
<br /> �••! : �G .:,��. �.,;. or B orrower s ha l l mA k e a n y g e n e�a l a s a l g n m e n t l o r t h o b e n e l l t ol credltora:
<br /> � , •�'',�,+�..
<br /> � ,,.1,r f';��, ;;, (e)The sele,transter,lease,as�IgnmeM,conveyance or fuAher encumbrance of all or any part ol or any�Mereat ln t e T •
<br /> S+� �� �c � PropeAy, either volunlaJily or Involuntarlly, wlfhout the express wrfften consent of Lender,provfded Iha'�Truator shall be ,
<br /> .�.1� . � i,..,,_;.. ��ti,.n , . ,
<br /> �. ���.?;w • perneitted to execute a lease ot the Property that does not contaln an opUOn to purchese and the te►m of wh�:.�h daee not exCeed L_..t� ,. ;'' ,
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<br /> '.';�F � :'r);,�i`:�.. one�ear, � c:
<br /> . . "bi�:s� (�Abandonment o1 the Property:or
<br /> �,��:;�•: ._r�.:.�.
<br /> „" (y) If Trostor is not an Indivldua�.the Iasuence,sale,transfer,assiflnment,conveyance or encumbrance ot more than p total 6 , �.�,;�r� . _.�
<br /> . � „,.�:'., vf percei�t of�If e corporelfon)fts iasued and outstanding stock or(II e pert�ership)a total ol percent of �. . __
<br /> � p e rt n e r s h i p I n t e r e a t a d u r i n g th e perlod thls Deed of Trust remelns a Ilen on the Property. • °�;�
<br /> � ' • � ' 12,p�m�dl�s;AceN�ratbn Upon Wlault.In the evenl of eny Event of Default Lender may.wfthout not ice excep t as requ l r e d b y � F���
<br /> � : �_ , law, declare ell Indebtedness aecured hereby to be due and payable and the same ehall thereupon become due end payeble •
<br /> ';i,` �k-:• ":• wllhout any presentment,demand,proteat or notice ot any klnd.ThereaRer Lender may: .
<br /> ,�.;f; , . : „ •• .- (a) Demand that Trustee exerclae the PpWER OF SAIE granted herein.and Trustee shall thereatter cause Truator'a 4
<br /> interest In the Property to be sold and the p+oc eeds to be d�strlbuted,all In ihe manner provlded in the flebraske Trust Deeds _
<br /> ;�.� , , Ack , � .
<br /> . ;f�• � . (b) Exercise ony and all nfl'hts prov�aea 1a�m any ol the Loan Instruments or by law upon occurrence of any EveM of •���
<br /> Detault pnd • '.,
<br /> '�;' • i.:„ ' �
<br /> • (c) Comme�ce a�actlon to 1�oreciase this Deed of Trust as a mortya�e,appolnt a reCe�ver,or specflically entorce amy o:1he
<br /> . �� ,�." . covenanla heTeof.
<br /> •, ���;:i''. No remedy herein conlerred upaR o• rese�ved tc rrustee or Lender�s fntended tc ee exGusrve ol any other remedy herem.Ir.tne
<br /> �� . , - Loan Ins".ruments o�r/law�•ev�Ced ot perm�ttea C�t�ach shall be cumu�aUve.sra11 be�n addlUOn to every other remedy g!ven
<br /> ,.,f,:;� hereunc!¢r,�r.ihe Loart Inytrumenus o�new or herea9ler ewsu�y at Iaw mr in eqw.y c��y statute.amd may be exercised concuvrentty,
<br /> � •��;.`..:•,� indepen4e^:!y or suCCf9l�vely.
<br /> , `��}<< 13. Tru�t�.The�►u9te@ fnay'�s�gn at any t�me without caose, and Lender may at pay r^�e and w�thout cause aF:.c�nt a
<br /> , • :•.'�r, sucCeesor or substdute'.:u9tee.TruBtee�hall r otbe I�able lo any perty,includmg wdhoull�r�iat.c^Lender,8o��ower,Trustor o�eny
<br /> ;�,;�'
<br /> • purcheser Of the Prope�y.for any lass or damgge unless due to reckless or w�lllul miscortduct,ar.d sh811 rtciC€7eduired to take any
<br /> �:t.'•�'? , ��'�� aclion In connection with the enbrcement of thls Deed of Truat unlesa��demnd�ed.�� w��t�ag,for aiC .osts.compenaaUen o•
<br /> ,. - , . ' . . ..... � .------.�---_.............,�a.e.nxv anb nf 1LP PreoerN bu��t�l Or
<br /> � ;�d;',+� • expenses whlCh mey be essot�3rea xrierewim.�n aaau�n. ��uaum���ay�a....����..r---•--_•^-- , --- - • - -
<br /> '.;�,��r;, under the power ol sate grantec� nerrn►; pobtpone the sale of all or any portfon ot ine Pr�p�-�y.as provded by law.oe se%�the
<br /> PropeAy as a whole,or m separ2ee�arcels or lots at Trustee's discretlon.
<br /> •;;�..�� � �'.,r �q. F����p��.�n tne event Trustee sells the Properry by e,cerc�se ot power o�sa►e.T►ustee s►�a�f be enbtted to apD�9
<br /> � , any sale proceeds f�rst ro payment of all cosls and expenses o1 exerc�s�ng power ol saie,�nc�udmq an F•usrea s tees.and Lender s
<br /> �'`�, •'', and Trustee's attorn�yy'9�ees,actueNy incurred to extent permitted by applicable law.In the event 8orrow�r a�Trustar e�erc�sesanY
<br /> i
<br /> - rlpht provlded by iaw to r.ure an Eve�t ol Oelault.�ender sha11 be entHled to recover from i rustor all cost!and e+epenses actually
<br /> . . • .. incurred ae a result of Trustor's defeull, inCluding wdhout limitation all Tru9tee's end atturriey'6 tees,io thQ cxtent�e.rt+��ed bY
<br /> appllceble law.
<br /> 15. Futun AdvancK. Upon request of Borrower. Lender may. at its option,make addit�onal and lulure advances end re-
<br /> � � advancea to Borrower.Such advancea end readvances,wdh interest thereon,shall be secured by this Dec�d ol Trust.At no t�me shall
<br /> Iha princlpal amount of the�ndebtedness secured by this Deed ot Trust.not�ncludm sums advanced to protect�he�ecl�n�y ol thia
<br /> ,. . Ooed of Trus�exceed the orpinal prinapal emount atated here�n.or 5 �3 _.,whichever�s greaAel.
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