|
. .�� ` .°. r.�:.:� . . �-- -
<br /> � �• ' '
<br /> _ � .. _ . ._
<br /> '
<br /> . _ � _ �.�.:'
<br /> -...-�_. _.. . ...
<br /> ..�vc. 0�'�-.
<br /> =���. ._..--- ��+- � --�i.+ .' - `--
<br /> � .��� I � � - -- -- — ' - ^ . . - - - -� -- — �_ '..
<br /> _=��' . _. ' _..--.. _ __
<br /> - .'J' �i_ 1 �� 'r'_l1 �il) --
<br /> .�_ � _
<br /> �_
<br /> '"�' �' fM Prop�rfy Is ao fikm a dan►�p�d,Lend�r�h�ll h�v�th�optlon.In Ib soN and+�b�aluM dl�cr«bn.to�pplr all wch ProtsMd�,
<br /> ,;�� �Mr d�ductln�tMrNrom NI oab�nd�xp�nw�Incurnd try It In conn�ation with wah ProCNd�,upon�ny Ind�bt�dnM�Mcun�d
<br /> �;�� Mab�►tnd In su4h adw w L�nda may d�t�►min�,or W�pply dl suoh Proc«ds,aft�r wah eMduadon�,to th�rMfaatlon o1 fh�
<br /> - .= Prop�l�uQon wch eondtNnn�u 1 enew m,.v M_�!!�►n+lree.!.sl��!!t�!!on o!Prxee�tc!*�!�e�•eMu.�ew wrw�d eu�n�lnex�
<br /> ° �,�; ' fh�dw daq of�nY p�Ym�nt�unda th�Not�,o►oun any dofsult th�nur�r or h�nwida.My umppll�d lund�tlWl b�pild b �_
<br /> Trwtor.
<br /> � � e 9. h�fo�nana�by L�ndw.Upon Ih�occurnnc�of�n Evonl of Odautt hu�und�r,or II any aat I�t�k�n or Ipal procNdin�
<br /> " y�,��t �• comrrNna�d whloh mahrlally aH�cb Lsnd�r's inta��t In th�PrapMy,L�nd�r m�y In Iq ow�dlacntlon,but without obllp�tlon to do
<br /> a..�..,.,,.,1.�.� �o,�nd without notic�to or d�m�nd upon Tru�tor�nd without nlpslnp Trwtor Irom eny oblipptlon,do�ny�ct which Tru�br has
<br /> --•-.,�-*,- --
<br /> - ,•. aQrMd but I�ils to do and may also do any oth�r�at It dNm��scut�ry to prot�ct ths paunty h�root Trustor�h�ll,imm�dhtNy ""
<br /> _ y
<br /> _ _"�' ���i�o upon d�mand th�r�tor by Lond�r,p�y to L�nd�r all co�b�nd oxp�nw�inourred and�um��xp�nd�d by L�nd�r in co�rnatlon with
<br /> -°�°•'� -�'° th��xwols�by L�ndsr of th�lorepoinp riphts.top�thor wllh InNmt th��wn�t th�defwlt rau provldW in th�Not�,which�hall 0�
<br /> ^�++�-+=•����ic: add�d to th� Ind�bt�dn�u a�cund h�nby. LMd�r shaU nol inaur�ny Ilablllty b�cwp of�nythlnp It m�y do a omit to do
<br /> �.
<br /> _. -r� ,,. henundsr.
<br /> �:`�.:� � 9.Has�tdou�MatNIaU.Truator shall keep the Prop�rty In compll�nce wllh all applicabte I�w�,ordinane�s and rpulaGon�
<br /> ,�:;��,�„ �r;�c►••_ releti�p to indu�trlal byplene or e�vironmantal proteatlan(collecdvoly rof�rred to hareln as"Ernfronmantal Law�"►.Trostor ahall -
<br /> --� _ ��"A 4�,,.�,' keep the Property fne from all wbsbncea deemed to he fwzardous or toxic under any Environmontal Laws(coltacNvely roferred W —
<br /> - � — h�rafn�4•'Hu�rdous M�t�risl�").Truator hareby w�rrent�and reprs�snts tc Lender that there oro no Haz�rdous Mat�ri�l�on or
<br /> Y�,�,_�,...� , � undsr th�Prop�rty.Trustor horeby eqne�to indemNly and hold h�rmlese Landar,ib direatorti o8lcers,employeos and aponb,and
<br /> -�;�+��. ���� any succeswn to Lender'e Interest,lrom and apeinst any and all claim�,d�mape�,losses And IlatiNtles arialnp In connectlon with
<br /> -- �' y �-+- =y ihe pretence, use,df�poaal or traneport of any Hazardoua Materlats on,under,Irom or about the Prope►ty.THE FOREDOINO
<br /> _�c.'�'���'.S�.e.'.'' - _
<br /> ^ WARRANTIE3 ANO REPRESENTATION3,AND TRU3TOR'S OBLIQATION3 PURBUANT TO THE FOREQOINI�INDHMNITY,SHALL
<br /> '�_?.�'�,�;;;,�;,,a� SURVIVE FiECONVEYANCE t)F THI3 OEED OF TRUST.
<br /> ,,;,;���_:r. � � 10.As�ipnm�nt ol R�nb.Truetor hereby aaslqa�to Lander the renta,I�suea and prollta of the Property;providod that Trustor
<br />-_•_,q��� - , ehell,untl{the occurrence of an Event of Defauit hereunder,have the rlpht to collect and retain such rente,iaaues and protlls ae they -
<br /> become due end payable.Upon the occurrence of an Event of Default,Lender may,elther In person or by apent,with or without
<br /> �'�f:� ;�;,�...���� brinpinp any action or procaeding,or by a recelver appofnted by a court and without reperd to tha adequecy of ita toauriy,entar _
<br /> "`"" upon and teke posseaalon af the Proparty,or any pert thereof,In fts own name or In the name ol the Truatee,and do any acta which It
<br /> `. •;,... , , �
<br />_ ;� • deams neceaaary or desfrable to preaerve the value,marketebiNty ar rentablliry ql tho Properly,or any part thereot or Inter�t the�sfn,
<br /> .;?�����j: increate the income therelrom or protecl the securly horaof and,wlth or without tekfnp possesafon ot the Property,we for or
<br />' � otherwlse collect tha rents,fsaues end prollta lhereol,including those past due and unpaid,and apply the aame,less costa end
<br /> 5 � � . expenees of oparation and collection includin�attorneye'laes.upon any indebted�ess secured hereby,all In auch order as Lender
<br /> may determine.The entering upon and takiny possession of the Property,the collectlon of such rents,isauea and protit�and the
<br /> "�`�g��'`��°'� applicetlo�thereof ae atoreseld, shell not cure or waive eny default or notice of default hereunder or invelldata any act done In =
<br /> _ . •�..��a . ,� respon�e to euch default or purauant to such notice of default and,notwithstandinp the continuence in posaesaion ot the Propeny or --
<br /> •� the coAectlon,receipt and application ol rents,issues or profits,e�d Trustee and Lender shell be entitled to exercise every►ipht
<br /> �'�'� " provfded for In eny of the Loan Inatrumenla or by law upon occur�ence of any Event of Detault,Includinp wlthout Ilmitetion the riqht
<br /> - •� � '�:st.._ to exerclse the power o1 aele.Further.Lender's righte and remedies under thfs parayraph shell be cumuladve with,and in no way e
<br /> � ` - 'M�_ Ilmitetlon an,Lender's rlyhts end remedfee under eny assipnment ol leases and rents recorde�l apaln�l tho Properly.LenCe►, irusteo - -
<br /> and the recelver ahall be Ileble to account only for those rents actually recelved.
<br /> � '� 11.Evmb ol DN�utt.The Iollowing ehall constltute en Event of Default under this Deed of TruaC
<br /> � �Yd"`'[•::.
<br /> . (a)Faflure to pay a�y Instellment of principel or Interest of any other sum secured hereby when due: __
<br /> • � (b)A breach of or delault under any provlsion contalned In the Note,this Deed al Truat,any of the Loan Instruments,or any
<br /> ► • other Ilen or encumbrance upon the Property;
<br /> f , ... �' �.
<br /> , (c)A writ of execution or attachment or nny similar process ahatl be entered ayafnat Trustor whlah shall become a Ilen on ___
<br /> ' ��, •_", tha Property or eny portion thereof or Interest thereln; �-.
<br /> d„ (d)There shall be tiled by or agalnst Trustor or Borrower an actlon under any presant or luture federal,stete or other
<br /> . stetute,�ew or reguletlon relating to benkruptcy,Insolvency ar other relief lor debtors:or there shall be appointed any trustee,
<br /> receiver or Ilquldator ol Truator or Borrower or of all or eny pert ol the Properry,or the rents,fasues ar prolits thereo},or Trustor ���`
<br /> �;`� „ ` or Borrower shall make any general essfgnment for tho beneNt of creditors; �,�
<br /> (e)The sele,tranafer,lease,aselgnment,conveyance ar tuNher encumbrance of all o�eny part ot or any interest in the
<br /> •�: . Properly, eilher voluntarfly or involuntarlly, wflhout the express wrftten consent ol Lender; pravlded that Trustor shall be �
<br /> • permifted to execute a leaae of lhe Properly thet doea not contefn an option to aurchase and the term o1 which doas not excead � .�
<br /> � �y�r, -^-
<br /> �; � . " (n Abandonment of the Prope►ry;or �^
<br /> : (�)If T►ustor Is not an Indivlduol,the issuance,sale,trensler,asslynment,conveyance nr encumbrance of more then e total R `
<br /> .. �
<br /> • ol percent oi(il a corporatlon)Its issued and outstanding stock or(II a partnership)a totel of parcent of
<br /> ••� � paAnersnip Interests during the perlod thls Oeed ot Trust remalns a Ilen on the Properly. �° °
<br /> � 12. R�m�dMs;AccN�r�tbn Upon DNault.In the event ol any Hvent of Defaull Lender may,without notice except as requlred by
<br /> � law, declare all Indebtedness secured hereby to be due and payeble end the same shall the►eupon become due end payabte L.. ..
<br /> • without any presentment,demend,protest or notice o/any kfnd.Thereaker Lender may: �F;
<br /> r.: - (a)Demand thet Trustee exerclse ihe POWER OF SALE granted herefn,and Trustee ahell thereafter cause Truator's
<br /> � interest In ihe Prope►ly to be sold end Ihe proceeds to be dfstributed,all in the manner provided fn the Nebra9ke Trust Deeds �
<br /> � Act '
<br /> (b) Exercise any and all rlyhts provided for in any of the Loen Instruments ur by law upon occurrence of any Event of
<br /> „ Delaulk and �
<br /> (c)Commence an action to foreclose Ih�s Deed of Trust as a mortgage,appoint a rece�ver.or apeclllcally enforce any of the
<br /> covenants hereot. f �
<br /> No remedy hereln conferred upon or reaerved to Trustee or Lender is intended to be exclusrve ol eny other remedy herefn,In the ;
<br /> '" Loan Instrumenta or by law provided or permitted,but each shall be cumulaUve,shall be in addrtfon to every other remedy gfven
<br /> .. hereunder,In the Loan Instruments or now or hereaRer exlsting at law or In equiry or by statute,and may be exercised concurrently,
<br /> fndependently or auccesslvely.
<br /> 13. Tru�t��.The Trustee may resign at any time w�thout cause,and Lender may at any t�me and wrthout cause appomt a
<br /> successor or substltute Trustee.Trustee ahall not be Ilable to any party,inCluding w�ihout Ilm�tetfon Lender,Borrower.Trustor or any
<br /> purche8er of the Property,lor any loss or damage unlesa due to reckless or wllNul misconduct,and shall not be reqwred to take any
<br /> ; actlon In connectfon wffh the enforcement oi this Deed of Trust unless�ndemn�lied,in wnting, for all coste,compensaGon or
<br /> expenees whiCh may be assoCleted therewrth.In add�t�on,Truatee may become e purchaser at any sale of the Property Qudlcfel or
<br /> under Ihe power of salg granted herefn►;postpone the sale ot all or any po►tlon ol the Property,es provided by law;or sell the ,
<br /> . . �� �I� �1.. •T�. .J... .
<br /> -: -- . • �V�IOI��q0 P AlIV10�VI�i pp,/OIP�O�IP�NO�O V � u �.v��.
<br /> � 14. FNS and Exp�mt�.In the evenl Trustee sells the Property by exercise of power o1 sale,Trustee shall be entitled to epply
<br /> , any sale proceeds flrst to payment of all costs and expenaes ol exerc�sing power of sale,�ncluding all Trustee's 1eea.and Lender'a
<br /> � end Truatee'B etlorney'e feea,actually Incurred to extent permitted by applfcable law.In the event Borrower or Trustor exercisea any
<br /> rlght provtded by law to Cure en Event of Defeult,lender shall be enhtled to recove►from Truslor all costs and expenses actually
<br /> . � Incurred aa e result ot Trustor's delault,Includfng wlthout Ilmitation all Trustee's and attorney's lees.to the 9xtent permltted by
<br /> •. applicable law.
<br /> 15. Fulur�Adv�nc��.Upon request of Borrower. Lender may, at Hs opt�on, make addltfo�al and lufure advances and re-
<br /> edvances to Borrower.Such advences and reedvances,wlth Intere9t thereon,shall be secured by thls Deed o1 Trust.At no tlme shall
<br /> the principal amoun;ot the Indebtednesa secured by th�s Deed ol Trust,�t��d�sums advanced to protect the aecurfty of thie
<br /> Daod of True�exceed the a�lpinal princlpel amount stated here�n,or S ' whichever�s greater.
<br /> . � �
<br /> 2 �
<br />
|