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<br /> ':':�':%t�°���'::`'' . ' 1B. Corm�nts o1 Tiusta wlth Aespoct ro Le�aoa.lYidauf fha p+b►wrlKen conssnt M BeneNctery, Tiustor shtJl nof,dlrectly or Udlr+ecGp. _
<br /> . �a:'�-, ,.� w{tli r�.tprct ro any hue ol apaca!n the Tiust WopwN,w anY F�o+O��fhereol,wlwdw,such lease ls now a Fwndl�In oxls�ncs: �
<br /> !►�t..,,. . ' ��n nf.dlscount w advpnce nymenf o/ront heieonder in Bxaesa of one month, ►���'_'^��-
<br /> _ , :. .�:;.. ---�x,.,t, (e1 Accep►a p�nnf Y ProWY►n� P -
<br /> — , J,•+ti.�y. .� .•.
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<br /> .:- • : • � (b) CancN a Mrminat�the a�me.a accept eny cancNl�tlon�ta►nunaGOn or Furronder rharaa/,Or pdtRUt 3rty BvMt M n�'cur whk� w _ -
<br /> .. • ��t~• � •r accur thereunder ro tarrnlnate a cancN the same,othe�then tarminadon fw nonpayment ol►ent.
<br /> , � �, ��r •
<br /> • :,�:-w�.�.:._...o. (c) Amend a modlfy dw some so as ro ieduce me term Menaf,the rontalpeyaWe IhereuntJ��,a ro chan�e any ienawal provls/orro " -- --
<br /> ;�,., .'e°.^=.--- �
<br /> � . . � thsre/n contelned, ���T�,• ,-�°.
<br /> � ,..,`w'�� .
<br /> , •' .;��.:t-':..,° (d) WWv6 any default fhwounds�a breach thereol, ;, . • �.,..�.,,,.
<br /> �,r,�.
<br /> � ... O (o) Qtva eny cons9nt,welver or epprovel Mereunder or teke any other acdon In connecdon therewiM,or wlth e lessea/hereunde�.whkh _
<br /> ._F . �� , woWd p�vo fhe e/fect of impainnp�he vaNe ol the lessor's lntorost thereunder or the properry sub�eCt the►et�.a�l Impaldng fho ,�,c�:._ .
<br /> ' '< • C� pos(don a k�terest ot Ba►e/Iclary therein.a �;Y'i`r;�;•��.
<br /> •, k
<br /> � �'. � (I) Sell,assl�n,pkdqa,mortQs�e a othawlse dlspose of a encumbe�Ifs Interost In any seid leaso a any rents,Issues,profifs/ssWny •�:�^�-�;�-ti�:�e�
<br /> O a erlslnp the►e�mder.
<br /> � 17. Waive�o/Stahrte o1Umltadons.Tlme Is of Me essenaeln all ol Trustor's obllgadons end dudes hereunder,�and to the extent permlfted
<br />, . � w+l 6y law,Tiusto►waivea all present a fufure atafutes of Ilmllatlons wlfh respect to any debf,demand a obllgadon secured hereby end , ;:;�:t,.�4� ;.
<br /> eny acdon or proceeding/a tha purpose ol enlaaMg fhls Deed of Tiust oi any dghts a remedies contelned hereln. �`_°...�yw> ,.., ,
<br /> .; " 1 ., .�.;;•{;�`_.t:.a.�
<br /> � 18. Aasignment of Deposlts.In Ihe event conshucdon of Impmvementa!s contemplated by the loan ev(denced by the Note secured �;� „ ,_ H.:,.,�.
<br /> (`i hereby,as eddltlonal secu�lly there fora,Tiusfa hare by tians lera a n d a s s i g n a f o B e n e fi c i e ry,all rl ght,dtle and inferest to Any and aG • �, ...N.,,�1�,;;�;.; �,;
<br /> �� � monles depasite d by or on b e ha N a f Tiu s f a w 1 t n e n y c l t y,c o un ty,publlc bod y or a gency,sanitary dlsMct,utilJty campany.and ,,., •. . .,.,:�•-:•,�.
<br /> � � • any other body or agency,tor the installadan o�fa secu►e the Ms►allatlan o!any udllty by 7rustor,pertaining to the��usf�°roPerN� '•1�;�,;ti.:;:�,� ,%
<br /> � � 1g, Co�poredon a PeKnersh/p Exlatence.ll Tiustor!s a caporadon,general pa�tnershlp,or limlted partnership.�t w�!c�o�M�tMngs �":•,:•
<br /> „l,'.
<br /> ���•,���;• , ;, necessery to preserve Jta corporate or partnership exlstence,as the case may bo,and a11 rlghts and privilpgQS w►dQr M+e►aws 01 ctre ,, ' . , •;,
<br /> '�r;��;:' state ot its lncorporetlon or oiganizadon. •
<br /> ,: �':i.
<br /> ,;'..::.,� ' ' ' �. �rbearence by BsneNclary Not a Weiver.My►abearance by BeneBclaryln exerclsing any rlght or�emedy herewm.,der, aoJbxa�wise � ::�:���
<br /> �i•+ � ' `� •1 aHorded by appllcable lew,shall not be a waiver of a preclude►he exerclse of any such dght or remedy. The pmcwrement ol . _
<br /> � '".',••� � �:•�r�l.'' ;t �;;, hwurance or the payment o/taxes o�the disaha�ge olllens a cha►ges by BeneNclery shall not be e walver ol BenePx:a�y's ngmt fo .� ..;: __
<br /> �� • �• c•:•) acoelerete the matudty ot the IndQOt�dnass. ..��
<br /> ' ;,.•.t,c,� •�..,.: .
<br /> , ' ��,;;,�,r�,, 21. Remedles Cumu/aUve.Alf r�i�a 2rra�+dad/n this Deed of Trust are dlsdnct and cumulative to any ofhe►nghf or remedy under J�►is , : :�<�_.;4
<br /> . � ,�),��:��'`+" paed of�rust a afladed by Faw��eau1R.�.and may be exerclsed concunendy,indepandently or success(vely. �,;;:•., _
<br />,�� ;;, ;: l:��. "��4:��"" �'3�i,apdons.The covenanfs and a reements hereln conPdrned shall bind,end ; . l +i���
<br />;:',�,.,..�.�;�:+4� ' •;i,t,::,i,�►.�.��'. 2T. Successors and Asslgns Bounra:Joic�f anzi Several Uabi.�, 9 �l':� _
<br /> � �t� �• " ?f�. ' the dghfs he►eunde►shaU inwe to,the respective successoys and asslgns ol Benells�ary,Tiustee,and Tiustor.AU�ovanants and ,,, .,f _
<br />,'' �� ' � ' ''�"�' " a reements of Tiustor shall be Jolnt antl seve►al.The caFtrvns end headrngs�f the pa�ag�aphs o/thls Deed o/Trust ara!a , ' -=
<br /> �.,:�� ' �
<br />, , . i ;;•,�, 9
<br /> ��;�'�;.,,;; �•;'�i.�:� .• -• conveNence only end are not ro be used to interpret a de�ime lhe pra�:�io�s tiareot + t��`�'
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<br /> �� �;r,..;L , 23. Nollce.Except for eny nodce requlred under appllcable fa�'a be glven in another manner,(a)eny nodce to Tiustor Qr,i�vldeO for in tni� ,�`..
<br /> ,,,
<br /> Qeed of Tiust shall be glven by meJling such nodce by ce^::;ed mell,return recelpt requested addressed to Trustoi at ifs mai�ing . �
<br /> '�;�,�,; eddress set forth above or at such other add►ess as Trustor may deslgnete by notice to BeneHclary as provlded he►ein, and(b)any ,.�-
<br /> ,;;,�; -��—--:- nodce to 8enefi.:iary ur Tiu�tae sh�!f be gtven by csrflNod ms!!,retum recelpt req!�esred,to BeneNclary's and Trusft�e's mailing _ _:: ;
<br /> . �'. address stated hereln o�to such other address as Beneliclary oi Trustee may desfgnate by notice to Trustor ea provided he.+e/n.Any •:
<br /> � ' nodce provlded Ior(n this Deed ol Trustshal!be deemed ro heve been given ro Trustor,Beneliciary or Tiustee when gwenln►Aa � '���, �:
<br /> . ` �;•1'';): " mannerdesignatedherein.
<br /> " .� '�'��%` 24. Governlnp Law;Seve�abiAt�r. 7his DBed of Tiust sha/l��e��verned by the/aws o/the State o!Nebraska.M the event any provisfon or I " : , ,
<br /> - ����'� ���•�f c�ause of this Deed of Truse xanlilcts w(rh appllcable ra�.suc�+conlHct shell not alfect.other prowslons ol thls DeeC o1 Trusf which can i�{r`'•
<br /> ,....;: .
<br /> . ;�.1�:';� . be glven eBect without the conili�tlng provislons and t�tni;end the provisions o/ihzs£%eed o/Trust a►e declaretl'rn be severable. ; , �
<br /> � " � 25. Events o�Default.Each of the lolfowmg occu�ences snail constltute a�ecent o/delaWt hereunder.(herelne/ter cafled an"Fvent � .,)�
<br /> ' olDelaulC'): ��';;',� �
<br /> „�',.,. '„��
<br /> ' . �.�� � (a) Tiustor shall lafl to pey when due any pnncipal,mterest,or pnnclpal end lnterest on the Indebtedness, �:1,, .
<br /> "����'• �� � � (b) My wanenry o/tltle made by T�ustor hereln shall be unfrue,
<br /> " .�l:-•.' � }' .,
<br /> (c) Tiustor s ha l l fa i l to o bse rv e o�p e►/o r m a n y o l t h e c o v e n a n i s.a g►e e m e n t s,o r c o n d i t(e n s m t h i s D e e d of Tiust,
<br /> �d) My representetlon or wananty mede by Trustor on av�y financial slatements or repons submitted to BeneNciery by or on beheli ol
<br /> ' Trusror shall prove/alse or materially rnislaading.
<br /> • " (e) Tiustor shall lall to perfo►m or observe any o!the covenents,condidons or ag►eements contained In,or bmdMg upon Trustor under ,
<br /> any building loan agreement,secunty egreement,fo�r+a9reement,linanc�ng statement,a any other eQreement.Inshument or �,
<br /> ' dxumentexecuted by'f�asforin connection with tr.�van evidenced by the Noto. . .
<br /> • (� A trustee,receiver or llqLidalo►of the Tiusf Properry a°o�`1'rusror shall be appointed,or any o�the creditors ot T�us+ar shall lile a 1,
<br /> petitlon!n bankroptcy against Tiustor,a for the reorgan�zation o�Trustor pwsuant to the Federal8ankruptcy Coae.or any smil�r ,
<br /> • '� law,whether IederaP or state,and d such order or pet�tion shall not be d►scha►ged or d�smissed wilhm fhlrty(30)days aRer the ddte '
<br /> �'•�. �.�i 1�'. �� '.;��,�.+!. 0!1 W�1lC/�SUC/1 OIdE'/'D�JJ6hdOR W8S�II@(/. � � ..
<br /> . . „;,;;;' (g) Trtistor shall file a petition pu�suant to the Federal Bank�uptcy Code e�any similar lew.fede�al or state,or d Trusfo►shall be
<br /> :�� ,.
<br /> � ad/udged a bankrupt or be declered msolvent,or sha!'m8ke an assignment lor fhe benelit of cred►tors,or sharl admit in wiitlng its )` �i
<br /> lnabiliry to pay i►s debls as they becorne due.or shal�consent to the appointment ol a recerve►ol ell or any part of the Trust PropeAy. �.,
<br /> (h/ F(nal/udgment for the paymenf ol money shall be►endeied aga�nst Trustor and Trustor shall not discharge the same,or cause it ro ,
<br /> ' be discharged,withln tMity(30)days alter the entry thereof,or shall not appeal Iherelrom or lrom the o►der,decree or process upon
<br /> wh�ch or pursuent to which said judgrnenf was granted.based,or entered.and secure a stay o/execu6on pending such appeal.
<br /> '�� therein,sn eny manner oewey,whethe vol�enly or nvo untan�y.wrthout the wntten consent�Benel t ary Oe ng Nrsf ha and terest
<br /> . �, • obtained.or
<br /> � , (j) If TiusfollS e Corporanon or pertne►Ship and more then hfry percent(50°0)ot the shares or benef.c,a��nte�ests m such corpaadon a
<br /> parmership.as fhe case may be. sha�l be translened o►conveyetf.w�ether voluntenly or�nvoluntani,y,wifhouf the wntten consent of
<br /> !�•� BeneNciary being li►sf had end�btamed. � ,
<br /> � 2E ACCelerat�on o!DeCt °a•�.^_sure Up0/t�hA c�CCUr�?nf^�':3�,E.�cr c•'Dela_ ' :•a��. ."e Rnhrr.�•"cr. (3ar��.c..Jrymdy.at.t;apt�cn. ,
<br /> decfare a+l thr lndeb r�r�;;'�_•::ieCUred hereby immetl•dte�y c_8 ar•cD oa�/.atJ�e ar.�'ra S�'Re shall beer inferest at 2Me defeult rete,il any.
<br /> �"�i��'����'. , . i
<br /> �, ,. � set/o�th rn fAe Note, n►crsem�se at the highest rate pemf�r.ee ry!aw.aKd,inespe:t�e ol whetl►e►BenehCrary exercises said ophon.�t
<br /> • ' � •�', may,af ds cAbon ard��+lts sole drscre�.c+� wdhout any lurther noi.•re o+�emand t�or uport Trusca-Co one or more o/the Idbwmg; ;
<br /> • '.'.c �, - (a� Benelrc�ary n�►ay er►te�u;con,take pcsseu�on ol,manage and oFm 3re fhe Trusr ProAeny o�any Fart thereot,�make iepe�rs and
<br /> • � _ ausrannnc aRe ao anv arts which Benel�c�arV deer^s proper to Qrotect the securry the�e0�.d�►d 2�fhe�wrth o►w�fhout tekmg M^^�
<br /> possess�on.rn ds awr ra!ne.sue/or or ofherw�s�co��ect and recene►ents.�ssues ano p�onrs.�nciucir.�y«�Nast VYO O/�Y���Yw�•
<br /> • and aRply me same.�YSS costs and axpenses of ope�ahon and collechon.:r•c.,Q�rtg reasonable attorney�'�ees�nd 8enefrc�ary�s
<br /> • ' Costs.upon fhe IrtdeDtedness secured horeby and�n such o►der as Benefrcrery ma�determme Upon req+.esc of BenehC�ary. Trusto►
<br /> shal!a�semble and shall make ava��able to Benehc�ary any ol the Trust P�operty wh�ch has been►emoved 7he entenng upon and
<br /> taking passess�on ol the Trust Properry,the collecrro�i o!eny rents.�ssues and profds.and the apphcahon�ne�eo!as aforesaid.shall
<br /> not cure or waive any delault therefofore or tne►eaRer occumng,o�aHect anV^once of delaui�or riobce ol sele hereunde►or
<br /> inval�date any acf done pursuant to any such nohce.Notw�lh.stand�ng Bene•�c•.�y s conhnuance�n possess�on or�ece�pt end
<br /> apphcahon o/rents,�ssues o►prohfs. 8enehC:ary shell be enhUed lo exe�t�s�°���-'{���.9ht p►ov�ded lor m th�s DeeO of lrust o�by�aw
<br /> upon o�aRer the occunence�!an Event ot Dofeulf. �ncludmg fhe rrght to ex�a•�:��r�e cower nf sa�e Any of the achons�e�e�►eU to��
<br /> th�s pa►agraph may be tAken by Benehc�ary at such hme as Benetraary may vererm,ne w.'^out reyar�fo rne adequacy o►anY
<br /> sr3cunty to►the Indebtedness secured hereby.
<br /> fb) Beneficrary shall,w�thout regard to the adeauacy ol any secunty for rhe Indebtedness secured ne►eby.be enUtled to rne
<br /> • appantment of a receive►by�ny couR hawng�unsd�chon.wifhout nohce.to take possess�on o�,protecl.and manage�ho irust
<br /> Properry and ope►a�e the same and calect the renfs.�ssues and prohts mer�p+r�m
<br /> (C) Benebaary mey brrng any achon m any court o�Compefenf�u•sd-crmn rc a��,•,����se tn�s oe��d or i�usr u�c�n�o•�r,+»�•o�rhe
<br /> � covHnenfs hereof
<br /> . ,
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