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<br /> — ��- — tM Prop�rty Is w taken or d�m�p�d,L�ndn�h�ll hwe th�optlon,In Ib�ot��nd�btolut�dlior�tlon,b�aah►�11�uah Proc«d�,
<br /> -- - �ft�r d�duotlnp th�r�i►am�II ao�a�nd�xpm�a Inaurnd by It In conn�otlon with wah Proaeod�.upon�ny inNbt�dnMS aour�d
<br /> -� iniii�i+y�nd in�ch ordsr sa Landar may determine,a to epply�II•uoh ProoNd�,aft�wan d�dueUon�.b th�nsfoatlan of qf� .
<br /> :�s�.-�— Property upon such oondltions�i L�nd�r may d�t�rmin�.Any applla�tton of ProcMd�to Ind�bt�dnps�hall not�xbnd a patpon� _
<br /> ;�g ths du�d�u of�ny p�ym�nb und�►th�Nct��or cun�ny dd�ult th�r�und�►or h�round�r.My un�ppll�d tund�sMU�b�p�ld to
<br /> - -:�,.irrr Trustor. _ -
<br /> —°° 8. P�elo�nu�no�by I.�nd�r.Upon th�ooaurnnc�of an Event of DNaulth�nunder,or If any�ot b t�k�n or Ipal proawdlnp
<br /> '�- __---------_. __-_••z� oommenced whlah materislly aflecb La�d�r'�Int�n�t In the Prop�rly,��nd�r m�y in Its own dlroraUon,but without obllpolon to do
<br /> � ' s0,end without notic�to or d�rtumd upon T�wWr and without nl�ssinp Tru�tor from any ob1lp�Hon,do ony aat whlah Trwbr hao -��
<br /> ,�� �prsed but Idls to do�nd may alw do any oth�r aat It d�em�nsce�ry to protoat the t�aurlty h�rsoL Trwtor�h�ll,Imm�dl�uly
<br /> �==��. �; upon demend therefor by Lender,p�y to LendK sll coeu end�xpen�e�Incurred and sum�expend�d by L�nd�r In conn�otlon with
<br /> —�^°�.�.� the exerclee by I.�nder of ths forepolnp riphb,topethor with Intere�t theraon at the default rate provlded in the Not�,whloh�A�II b�
<br /> --= �.:=� added to tho IndobUdn�w�ocursd henby. I.�nd�r �hall not Incur my Ilobllity Ma�ua of anythlnp It m�y do a omR W do
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<br /> — �,�;m;�: , h�rounder.
<br /> -��° f'� 9. Hw�dou�IIA��b.Truator�hell keep the Property In oompllance with all epplicabte laws,ordinonce�and r�yulpdone
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<br /> -�==��> reletlnp to Indu�trial hyplene or envlronmental protecdon(colleapvely referred to hereln ac"Envlronmental Lewa").Truelor ehell _-.---
<br /> ___ ' ` keep the Property free from aU�ub�Wncea deemed to be hazardoua or toxla under any Environmental Lew�(colleatively rat�ned to
<br /> �".'� hereln as"Hezardous Meterial�").Truetor hereby werrants and repreaente to Lender that there are no Hazordou�Materials on or
<br /> w���� i�" under the Property.Truetor hereby ayreea to indemni(y end hold hermless Lender.Its directore,officers,employaea end apants,and
<br /> -�-�� any euccaawro to Lender'e Interest,trom and apalnat any and all claim�,damepes,losses and IIabIliNea arlelnp In conneadon with
<br /> ---•J--�'.�`�_-_�*:`� . the preaence,uee,diapoeal or treneport of any Hazardous Meterials on,under,Irom or about the Property.THE FOREdOINO
<br /> -:„ ----- WARRANTIE8 AN�REPRESENTATION3,AND TRU3TOR'S OBU(3ATION3 PUR3UANT TO THE FOREOOINO IPIDEM�NTY,SHALL
<br /> �'� SURVIVE RECONVEYANCE OF THi3 DEEO OF TRUST.
<br /> ', ,y'�;�c. 10. Aulpnm�nt ol R�nb.Trustor hereby aeaiyna to Lender the renta,iesuea end profita of the Properry;provided that Tru�tor _
<br /> "� shell,until the occurrence of an Event of Default hereunder,heve the ripht to collect and retain auch renta,iesues and proflt�es they _
<br /> � �� ��� become due and payable.Upon the xcurrence of an Event ot Delault Lender may,elther in pe►eon or by epenf,whh or wlthout
<br /> ...` �, . brinping eny action or proceedinp,or by a receiver appolnted by a court end without regerd to the adequecy of Ite seourlly,enter
<br /> ;�;' upon and take poaseselon of the Property,or any part thereol,in Ita own name or In the neme ol the Truatee,and do any acts whiah it �
<br /> . . . `�.�` °_ deeme necesaery or desireble to preserve the value,marketabllity or rentebfllry o(the Property,or any part thereof w interast therein,
<br /> � , , ,�,;..•:.. � increase the Incame therefrom or protect the security horeof and,with or without taking poeaeaelon of the Property,sue for or -.
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<br /> ��"�� � otherwiee collect the rents,Issuea and prolits thereof,Including those pest due and unpald,and epply the same,lees corts and
<br /> ;�,::;.�;i�; expenses of operation end aollectlon Includlnp aKorneys'teea,upon any indebtedneas secured hereby,all In euch o�der ea Lender
<br /> ._ • :. - mey determine.The entering upon end taking posoesalon ol the Property,the collectlon of auch rento,issuea end profita and the
<br /> :t �� .; • epplicatlon thereof as eforeseld,shall not cure or waive any default or not�e of deleult hereunder or invelidete any aot done In
<br /> ' responae to such defeult w pureuant to such notice of default and,notwlthatendinp the continuance In posseselon of the Properly or
<br /> �"� ` � the aollectlon,receipt and applicatlon ot rents,Isauea or profits,and Trustee end Lender ehall be entitled to exerclae every ripht _
<br /> - -- ` "��"`��- provlded tot in any of the loan InelrumenM or by law upon occurrence of eny Event of Oelault,includinp wlthout tlmitepon the rlpht _
<br /> , "�d;F�'��~°� to exerclee the power of aele.Further,Lender's rights and remedles under this parapreph ehall be cumulative with,anC in no way e _
<br /> ..,,-: , . . . Ilmitetio�on,Lender's rights and remediea under any aeelpnment of leases and renta recorded opainet tha PropeAy.Lende►,Trustee
<br /> �'=� � end the receiver ahell be Ileble to account only for thoae rents actually received.
<br /> � 11. Ev�nb of DN�ult.The IollowMg ahell conatitute an Event of Defeult under thfs Deed ol Trust __
<br /> � ra:j�, ' (a) Fallure to pey any inetallment of principal or intereat of any other sum secured hereby when due: —
<br /> (b) A breach of or delault under eny provislon contelned In the Note,this Deed of Trust,any of ihe loan Instrumente,or any
<br /> � ,`~. other Ilen or encumbrance upon the Property;
<br /> (c) A writ of execution or attechment or any almller proceas shall be entered ayalnst Truslor which ahell become a Ifen on _
<br /> ,•;�y;, ...:. the Properlyr or eny poAfon thereof or interest thereln; �-_
<br /> , 3 „ �,.,r. (d) There shall be Illed by or agelnat Trustor or Borrower an actlon under any preaent or future lederal, sWte or other � ,r
<br /> �'• • v statute,lew or repulatlon relatinp to benkruptcy,insolvency or other rellef for debtors;or there ahell be appointed eny truatee, �
<br /> :•�.�:• �.� receiver or Ilquldator of Trustor or Borrower or of all or eny pa�t ot the Property,or the rents,isaues or profNs thereof,or Truatw �
<br /> ' or Borrower shell make any general asslgnment for the benelit ol credltors; �
<br /> .,,�„�,. (e) The sale,traneter,lease,asaignment,conveyance or lurther encumbrance of all or any part of or any interest in the �;r.
<br /> . Properly,elther volunterfly or involuntarlly, without the express written consent of Lender;provided that Trustor ahall be
<br /> „ r k,� �permitted to execute a leooe of tho Proparly thet does not aontein en opdon to puraheaa end the tarm of which doee not exceed
<br /> . one year,
<br /> `:.. .. ' : (q Abandonment of the Properly;or �.�.
<br /> �';,• •� (p) if Trustor Is not an indlvldual,ihe fseuance,sale,transfer,asalynment,conveyance or encumbrance o f more t han a to t o l `
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<br /> r W��: �' • of percent ol(if a corporatlon)fts iasued and outstanding stock or pl a partnerahip)a towl of percent of �_
<br /> '� • ' partnership interests during the perlod lhls Deed of Trust remains a Ilen on the Property. e,_
<br /> n� � 12. RNn�dNs;Acc�br�Hon Upon DN�ult.In the event of any Event o(Detault Lender may,without notice except as requfred by ,
<br /> � lew,declere ell indebtedness aecured hereby to be due end peyable and the aeme ahell ihereupon become due and peyable �"
<br /> " . wfthout eny presentment,demend,protest or notice of any klnd.ThereaRer Lender may: v�t�
<br /> • (a) Demand that Truetee exerclse the POWER OF SALE granted hereln,and Trustee shall thereatter cause Trustor's
<br /> � Intereat fn the Property to be sold and the proceeda to be distrfbuted,all In the manner provided In the Nebreaka Tru4t Deeda
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<br /> � (b) Exerclae any and all rlyhts provided for In any ot the Loan Instrumente or by law upon occurrence of any Event ot
<br /> DelaulC and ' �
<br /> (c) Commenae an action to loreclose this Oeed o}Trust as a mortgeye,appofnt a recelver,or apeclflcally enfor�e any of the
<br /> �� covenants hereof. �• '
<br /> No remedy hereln conlerred upon or reserved to Truateo or Lender is Intended to be exclusive of any other remedy hereln,in ihe
<br /> ' Loan Inetruments or by law provlded or permilled.but each shall be cumulative,ahall be In eddition to every other remedy given
<br /> hereunder,In ihe Loan Instruments or now or hereaNer exlating at law or in equNy or by statute,and may be exerciaed concurrently, �'
<br /> independently ur succeaslvely.
<br /> 13. Trus1N.The Trustee may reslgn at any time wrthout cause,and Lender mey at any time and wfthout cauae appolnt a f
<br /> � " successor or subsdtute T�ustee.Truetee shall not be Ifable to eny party,including without Iimftatlon Lender,Borrower,Trustor or eny `
<br /> • purchaser ot the Property.tor any loas or damage unless due to reckless or wlllful m�sconduct,and ahall not be requfred to take any �
<br /> � actfon In connectlon with the enforcement nl thls Deed of Trust unless i�demnifled,In writing,for all costa,compensatlon or �
<br /> expenses whlch may be aesocfeted therewfth.In additlon,Trustee may beCOme a purchaser at any sale of the Property(judlcfal or
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<br /> � under the power of sale granted herein);poetpone tne 9ale ot aii or any ponion oi ine rropariy,6d NiOvi�vw vj �a�:or ao�••��.. !
<br /> Property ae a whole,or fn separete parcels or lots at Trustee's discretbn. `.
<br /> + � ` 14. F�s ond Exp�m�t.In the event Trustee sells the Property by exerclse ot power of sale,Trustee shall be entltled to apply
<br /> ' � any sale proceeds ffrsl to payment ol all costa and expensea of exercisfng power ol sale.Including all Trustee's fees,end Lender's
<br /> � and Truslee's atlorney'a tees,actually Incurred to extent permitted by appllcable law.In the event Borrower or Truator exerclses eny �
<br /> . rlpht provfded by law to cure en Event ol Defeult,Lendei shall be entltled to recover Irom Trustor all costs and expenses actually
<br /> ��, , fncurred as a reault of Truator's delault,Includlny wlthout Ilmftatfon all Trustee's end aporney's fees,to the extent permitted by
<br /> ' appllcable lew.
<br /> •• � 15. Futur�Advanc��.Upon requeat ot Borrower, Lender mey,at Ifs optlon,make additlonal and fulure edvancea and re-
<br /> edvancea to Borrower.Such advances and readvances,wlfh Interest thereon,shall be secured by thls Deed o}Trust.A1 no tlme shall
<br /> the prfncipal amount ot the mdebtednesa secured by thfs Deed al Trust not Includ!n u a advanced to protect the secur�ty of this
<br /> � De6d ot Tru91.exceed the orlpinal principal amount slett�d hertlm,or 5 60.00�� W�„�;�itivHr ie y�eater.
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