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<br /> . ., ��;,. tIN P�opMy 1��o fak�n a dam�p�d,L�nd�►�hdl haw d�optlon,In la sol��nd abwluq dl�cnibn,W�pply�II�uch PraNd�.
<br /> " � ��;.N , , dMr d�ductlnp th�rNrom dl co�b�nd sxp�nw�Incurr�d Gy It 1�conn�atlon with�uch Prace�d�,upon��y�nd�bt�dn�u�u�W
<br /> n�=.'••:� �; hK�by�nd In such ord�r��l�nd�r m�y d�t�rmin�,or to�pply aA�uch PrxNd�,ah�r�uah d�ducdon�,to th�rwtor�Uon ol q�
<br /> _ ° � � � prop�Ay upon such condiuorn�*4ender m�y detormin�.Any�pplicaoon ol ProcMd�to Ind�btsdna��h�ll not�xand�patpon� ���.___
<br /> � � ' ' the dua dat�ot�ny p�ym�nU und�r tha Not�,or oun��y d�l�ull ihanund�r or h�r�undor.Any unYppllW lund��h�ll W pald to a;_:,,�_•.-
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<br /> •-.. .?�. " 8. PKlonn�ne�b�L�nd�r.Upon ths occurrenr,e of�n Even10l D�1wlt hereundsr,or if any act I�uken or lep�l pracssdln0 �_•�"°
<br /> �` �`"" commenoed whlah m�tarUNy efleou��end�r��Interost In ths Pro � Lend�r ma In Iq own diwrauun,but wllhoul obll allon to da
<br /> 0 :�i-=�.r..,�x��rli•�_�--
<br /> ' '• �'`a°�� ` so,and without natl�s to or demend upon Truetor and wilhoul ril�asinp Truttor Irom�ny oblpatlan,do eny act which Tru�tor h1s =-
<br /> i .�',;����,r•~ ��� �preed bul fell�lo do and mey eloo do eny other act It deeme neca�sary to protect the aeGUrlty hereol.Truetor ahall,immsdl�Uly ,,_ _--_----.--
<br /> • . upan demand therefor by Lender,pey ta Lender all coUS and expenaes Incurred and eume expended by Lender in conneatlon wAh
<br /> _ - _ - � the exercise by Lender of Ihe loregoing rlphts,ropether wllh inter6et thereon at the delault rate provlded In the Note,whlch ahall bw � �.�ti.,:.,:;�......
<br />- `°`'lY"' edded to the Indobtedneu �ecured hereby. Lender thaM not Incur any Ilabllity becausa o1 anylhlnp It may do or omlt to do `""-�-���������
<br />_ �••�• - ' • hsreunder. _
<br /> ' ,.,a a •:�..,inr..n�:� -��.
<br /> , 9. H�tardou�Mtl�N�is.T�uator ah�ll keep ihe Property in compllence wlih atl app��cabte�aws,ord�nancea and repuletlons - -
<br />:,"Y,�� -� "— ' j relelfnp lo Indusirlel hypiene or environrrrenta!Rrotectior�(collectively referred to here�o as"En�irot�menta�law�").Truotpr shYll o-��-���-_-_
<br /> . keep the Property free Irom aU substances deemed to ba huArdous or toxic unde�anp Env�ronmentaY laws�cottectively relerred to �;�.�r., Y,-, .�,.�:��;
<br /> herein aa"Hezardous Malerials").Trustar Ae�eby warrAnis and represents to l.ender that there are no Haaardous Maler�ats on or i Y,x�;,
<br />- � .• . � undar the Properry.T�uata A�r�lby ap►eea to�ndemniry and ho�d harmless lende►,its directors,oH{cers,employaes and agents.anca �'�`'`"'���;�*�:'"�°'
<br /> - . , any euccesaors to lender s mterest,from and apamst eny and at1 claime,damages,losses and Ilabilitles arising in cori�ect�on w�t1n
<br /> � the presence,�se,d�spoaae �r t�anspon o1 any Hazardous Materiais on,under,i�om or About the Property. THE FOREGO�NG ,
<br /> WARRANTIES AND REPRESENTATlONS.ANO TRUSTOR'S OBLI(iAT10NS PURSUANT TO THE FOREOOINQ INDEaANITY,SHALI --_ _ �'°__
<br /> � • SURiltVE RFCOMJEYANCE OF THiS DEED OF TRUST. � , _-�-�-��°
<br /> 10.AsNDnm�nt ot R�nb.Trustar hereby assigns to Lender the rents,Issues and r�:`;s of the Properry;provEded that Truslor
<br /> ehell,unUl the occurrence oi an Event of Default hereunder,have ihe riyht to collect an��ntam such rents,issues and proiits es they -- --
<br /> become dua and payable.Upon the occurrence of an EveM of Deiault,Lender mfly,arther �n perso�or by apent,with or wlthout , . � —
<br /> .>:,/:s ' � brinpinp any acUon or proceeding,or by a receiver appolnted by a court a�d wttnout reg�rd tu t7�e ace,;uacy ot ils securlry,enle� �"'`
<br /> �'` `�,'-;:i-, � upon and take possession oi the Property,or any part thereof,In ita own name ar in the name ol the Trus�sa,and do any acte which it , ..,�;,;,;�.T
<br /> . deems necossery or desirableto preserve the velue,merketablliry or rentabllity oi tne Propery,or any pah�hereof or Intereat thereln, �.�•.:, �•
<br /> Increase the Income therefrom or prolect the secu�lry horeol and,wlth or wlthout takmg possesafon M the Praperly,sue for or ?;.:;r;%ac;��v
<br /> � '� ' othervvlae collect the rents, Issues and prollta thereol,including those past due and unpaid,and app{y the seme,less costs and • - —
<br /> • � expensea ot operatlon and collectlon Including sttorneys'leea,upon eny I^dabtedness 9acured hereby,all in such order as Lender Y`'���
<br /> � �"'�`;:'�'„ mey determine.The enlering upon end taking poasdssion of the Propeny.t�a collection of such rents.Iasues and profits and the �r�.aY,c,.�;,t •�
<br /> ';,; ,; applicatlon thereof ea afaesald,ahall not cure or weive any delault or ro�.,:a o�defeult hereunder or Invalldate any ect done In -. •.
<br /> reaponse to such delault a pursuant to auch notice�I default and,notwllhstanding the contlnuance In posaession of the Prope►ry or •�'��:r�:�'�.'�'�'�_• '�:+;_
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<br /> � . ,. .t�`��' � .,• :.,. �„•�.n;:
<br /> :�.:-� � the collecGon.recel t and apelicatlon of rents.Issuea or�ro111s,and Trustee and Lender shall be entltled to exerciae every rlpht � Y,.••t;:" � .' >> r
<br />" �`� i;?'',,�';`�'�`, provlded lor In any of the Loan Ins��urnents or by law upon occurrence ol any Evem o1 Delault IncluOfnp w�tnout umrt�'.:an tne riqht {°"�i;,,:, `i��---`�:�`.
<br /> � ��' to ex3ralse the ower of sele.Fu�har,Lender's�I hts end rAmedfes undar this paragraph shall be cumulative wlth,an�In no way a l� � 1� ��{4 f;•
<br /> I+ti.,�` ; � ;'�� �� ' Itmlfatlon on,Lender's rlghta and rem�edlea ur.�sr any assignment of leases and rents recorded againat the Property.lander,T�ustee ,r�,;�r',.; ,r ',?,K,`. �..
<br /> ' and the recelver shell be Ilable to a�xount only tor those rents actually recelved. �"�`: �i,+;,•',��'.`:,�:>�
<br /> �% �� 11. Ev�ts of DN�ult.The/ollowing shel;constltute an Event of Default under Ihls Deed of Trust '�',;•',�t���,,:��, ' .'�";, :;'..
<br /> �'� •��.�'�F`��'� '`• ' (a) Feilure to payan inslAllment of rinci al or Interest ol an other sum aecured hereb when due: ' �•'.'
<br /> Y P P Y Y � �'%i'�;:.�... .
<br /> ' �f'�' � (b) A breach of or delault under any provlsfon contalned In the Note,thia Deed ot Trust,any of the Loan instruments,or any �;,...,. .
<br /> ;''t�����:� other lien or ancumbrance upon Ihe Property; � �
<br /> � j,�,jf1;`;,,;• � .
<br /> , �,,t ' Ic) A wrll of execution or attachment or any almllar process shall ba entered against Trustor wh�ch shall become a Ilen on
<br /> . ���- ::j��L�t�' ..�..• the Property or any portlon thereo(or imerest thereln:
<br /> �'���•�">• � • . (d) There shall be flled by or agalnsl Trustar or Borrower an acii�n undar any present or luture federal.state or other �• : :s:�• -
<br /> ''� 1;.r.:.�., : ;, , ,.
<br /> .��. ', stetute,law or regulalbn re1a11ng to bankruplcy,msolvency or other rehet for debtors;or there shall be appolnted any trustee. �., . �,.
<br /> � ;,.::'.� P
<br /> :;,.�,; � recelveror liquldatorof Trusror or 8orrower or otall c�a^y part of the Property,o�ttie rents,fssues or proflts thereof,or Trusto� �;. ,; .
<br /> ' or Borrower shall make an eneral assl nment lor t�e benefit of creditors; `,
<br /> Y 9 9 ,•'r;,- .
<br /> ' . (e) The sale,tranalar,lease,asaignmem,conveyance er(wther encumbrance oi all or any part of or eny intere9t in the : , ,,
<br /> �{ �� • Property, eilher voluntarlly or involun�arlly, wlthout the express wr�tten consent ol Lender;prowded that Truator shall be
<br /> . ..�t
<br /> ' ,i.'�� '� permitted to exec ute a lease ol the Pro�err,that does not conteln ar opdon to purchase and the teTm o/whlch does not excead + . , �,.:. , r
<br /> •,� ° one year, � .. ' ��,;;;�
<br /> .. : ._x._.. '�<,.....,
<br /> ,•y � �y�.�;:: (Q Abandonment o1 the Property:or .. :
<br /> � �����.��" � (p) II Trustor IS nat an Indlvldua�,the I8suance.sale,tranaler,asalg nment,conveyance or encumbrance ol more then e lotal � �,�����1 ' „`
<br /> �5•� . �
<br /> ���'��• �:;; 1 . `
<br /> .�, ; �f.,!{�, �'. ;.
<br /> :;y,;� 01 _perCe��t of pl a corporation)its issued and outatand�r�stoek or(fl e partnership�a t�tal of perCent of i��.�,-;I•,� ..+���,j:;:.
<br /> j. � '<<�,;. • parinership iMe►esteduring the perfod thfs Deedoi Trust rema�ns A lion on the Property. , {,,•, ,'1F:•:.�:�
<br /> 12. R�mMNs;AacN�ratlon Upon DNault.ln the evenl ot any Evem ol Deiault Lender may,without not�ce except as requlred b;. ��;"'• • •��". '�
<br /> '�:ti�,'r . , .
<br /> lew,declare all indebtedness secured hereby to be due and payable and the same shall Ihereupon become due and payable tt;':-`,�"��: ' �`�'f��'
<br /> "i,:`; ,
<br /> , �,�,{;, ' wlthout aoy presentment,demand.protest or notice of a^.;� k�nd.Therearier Lender may� !+,. •. �
<br /> . (a) Demand that Trustee exerc�se the POWEA Of SALE granted herefn.antl Tr�stee shall thereaRer cause Trusta's �_.:� • .
<br /> , , , interest In ihe i'roperly lo be aold and the p�oceeds lo be d�strlbutetl,all in the rranner prowded�n the Nebrasaca T�uat Deeds ��•,I.�• . ;
<br /> Act . � � �
<br /> (b) Exerclee any ard a��r�qhts prcv��Pa i�•�r any ot the Loan Instrumema or by law uFon occ�rrence of any Event of ,. ,
<br /> � Oefeult and �� '
<br />- ;�," (c) Commence an act•nn tc foreclose thfs Deed o�T�ust as a matgage.appc�rY a rece�er,or spec�l�celly enbrce any of the �r • .
<br /> � '! covenante hereof. `� .
<br /> No remedy hereln conlarred upon or reserved to Truatee or Lende��s irtended to be ex�iuswe ol a�y other remedy hereln,fn tne '
<br /> Loen Inetruments or by law provfded or permlqed,but each shell bo cumula�.ve.shall be in add�don 10 every other remedy glven �
<br /> hereundar,In the Loen Instruments or now or hereaRer exist�ng al law or in eqwty or by statute.and mey be exerCieed conCUrrenlly. i
<br /> independondy or succesawely I
<br /> 13. T�udM. The Truetee may res�gn at any time without cause.and lnncler may at any tirne and wrthoul cause appomt a
<br /> �� aucceesor or substdute Trustee.Trustee shall not be I�abld to any party.mcluding w�thout lim�tatlon Lender.Borrower.Trustor or any •
<br /> purahU4er ol the Property,for any lo&s or damage unless due to reckless or wdltul m�sconduct,and shall not be raqwred to teke any
<br /> _ � acuon�n connect�on w�th the enlorcement ol th�s Deed ol Trust unless�ndemnd�ed, m wntmg,for all Costs.CompensatiOn o�
<br /> ..�....��we O.n..a.1..�...A�rmi n�
<br /> . ._.-�---�.''. . . @llpBfli9S WIIIGfI T8y Otl tlliilUl.1(f11JU IIICI�JMIII� i���aVU�i�Vii.liYOiOO i�iaj uv�.0 o u j+ui�.ii000i:u::�v...v v...w. ...r�-.•i v��•-•-.-.
<br /> • unde� the power ol sale granted herein�;postpone Ihe Stile of ell or any port�on ol the Property,as prowded by law:or sell the
<br /> i Property as a who�e,ur m separate parcels or lots at Truatee's d�scretion. �
<br /> 14. FNt�nd Eicpem��.In the event Trustee sens the F'roperty by exerc�se ot power of sale,Trustee shall be entftled to apply
<br /> any sale proceeds hrsl to payment of all costs and��penses of eaercising power ol sale,�nC�uding e�l Truste3'8�@es.and Lender's I
<br /> and Truetee'a attorney'S feee,BCtuelly inCUrred to extent permitted by eppliC9ble Iew In the event BorroWer or Trustor exert�ses any �
<br /> riqht provided by law to cure a�Event ot Deloutt.Lender shall be entitled to recover trom'i rustor all costs and oxpenses actually
<br /> � incurred as a result ot Trusbr's default, �ncludinp without Ilmrtehon all 7•r,stee's and attorney's�ees.lo the exlent permitled by
<br /> applicable iaw.
<br /> 15. Futur�Adv�ncN. Upon request of Borrowe� te�'ier may.at�!s apt<or. �^a+cp adddional and future adv.��Ces and re-
<br /> � advances to Borrower.SuCh edvancea a�d readvances �^� �terest�ne�eon.sra��te sec:.red by th�s Deed C'��.s^ A;ne t�me sRatt ,
<br /> ' the pnncipal amount ol the indebtemo�ess s�ec_red by th�s Ceed o�T"�31�'O'��C:u^J��"y^9..-�s ad+a^cec�•�s•o'ecr c°a_ue<..^!y c"r��s
<br /> Daed af Truai,exceed the ori�rnar�rrne��ca a�ount s�ete�nere�� o�S �M��GPpc,�2t�y�fC7t�1 •
<br />
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