|
. ��
<br /> ..,.�,:,,.
<br /> ,� ��
<br /> f,, y
<br /> �_ . .� .._ ..�q�
<br /> i. .�� .l I
<br /> r .�-� '�
<br /> �;93= �o�:�eo
<br /> Ih*Prop�rty u so Wc�n or dan��d.L�ndN�11 h�v�tM optlon,In Ilt sol�and abrolut�dl�or�tlon,to�pph sll wah PtoaMdl�.
<br /> NI�►d�duoNnp�om dl aosb and��p�n�s Incumd by It(n oonn�oNon wNh auah ProaMds,upan•ny�nilNiMdn�a Mau►�cl
<br /> I��by�nd!n woh orMr w L�nd�►nu�y dN�umin�,o►to apply�II�uoh ProaNd�,�fl�r�uoh d�duotlon�,Eo Ih.naamapn a�
<br /> Pmp�ly upon woh aondidon�u I.�nd�r may d�hrmin�./1� appllcatlon ol ProaMd�b Ind�bt�dnM��h�ll nal�xt�nd a paMponli
<br /> �
<br /> a►.au.a��.a anY paym�nb und�tho Not�,or ounl anr t�uB th�r�und�r a h�rwnd�r.My un�pplNid tunds tft�ll M p�id M1.
<br /> �r�,�lor.
<br /> •. hrlorma�by LMtdN.Upon the oeeurrsno�01�n Ev�nt of Defsult Tt�nunde,or if any tat Is t�k�n or lep�!proeMdln�
<br /> oomn»npd which rtw1�t�Hy oHact�Londer's Intore4t in iha Propwty.Lw�dar may In la own dlocraqon.but without ob�ip��tlpn to da
<br /> a.�nd wifh0ut notic�to a d�nd upon Tru�tar�nd without r�N�sinp Tru�tor Irqm�ny obllp�pon,do any�ot whbh Trupor h1�
<br /> qrwd but t�lb to do and may�Iso do any other�at It dasm�n�cawry to prot�t th�wourlty h�ao1.Tru�lar shall.ImrtNd111tah
<br /> upon d�m�nd Ih�nfor by L�nd�r,pay to l�nd�r all co�b�nd sxp�na��Incurred�nd�ums�xp�nded by Lu�der 1�conrnatipn wflh
<br /> thw ex�rclw by L.�nder of tt��torpoinp riphb,topsthar with Inten�t th�non at th�dtlault ab provldW in Ih�Naf�,whiph sh�ll M
<br /> add�d to th�Ind�bt�dnas a�our�d h�r�by. L�nd�r�hdl not inaur�ny Il�blllry b�oauw of anylhlnp p m�y do or omN b do
<br /> I��und�r.
<br /> g. Hu�r�oui Mat�iaN.Truetor ehdl keep the P�opaty in compll�ne�with all appllubts lawa,ordlruma�s and rpul�tiam
<br /> nlatl�p W IndusMal hyplene or�nvironmental proteotion(collpoUvely referred to hereln es"EnvkonmenlAl I.�w�'�.Trustor N�11
<br /> ksep the P�operty free from all aubsfances deemed ta ba hpurdou�or toxic under eny EnvironmentAl l.aw�(collaadvely referred to
<br /> hereln ae"Hiuerdou�Meteria�e'�.Tru�tar hereby warranta and represents to Lender that there are no Huardau�Moteri�lt on or
<br /> und�r the Prqperty.Trustor hereby eprees to Indemnity and hold hermiets Lender,its directore,oNicero,employees�nd apentf,and
<br /> �ny succ�eaors to Lende►'s interesR Irom And apalnat any and all ctefm�,damaQes,lotaei and ifablliqss arisinp in conneatlon wit�
<br /> � t�e preaenca,use,diapoesl or traneport of any Hazardous Materials on,under,irom or about Ihe Property.THE FOR�Q�OthIQ
<br /> WARRANTIE3ANO�REPRESENTATION$,AND TRUSTOR'3 OBLIQATIONS PUR8UANT TO THE FORF?C301N0�MNITY,SHALL
<br /> - *d�y^-•�r-�--u � SURVNE RECONVEYANCE OF THIS OEE�OF TRU3T.
<br /> ' , �`S'`^;�"�'•� ��- 10. Aalpmmnt d R�n4.Trustor hereby asai�na to Lender the rents,i�ue�and proTits ol the PropeAy;provWec!that Yrus�
<br /> t��;Y�i;':�"= �� ';- ehall,undl the occurrence of an Event of Detault her�under,have the ripht to collect and reteln such renta,Issuee and profit�as the�
<br /> a •�"�:..:' • � bacome due and payable.Upon the occur�ence of an Event ot Defeult,Lender may,elther in pe►son o�by apent,with o►wilhout
<br /> � • brinpinp any actlon or proceedinp,or by a receiver appointed by a caurt end wllhout reperd to the adequacy o f Ita seour ity,enUer
<br /> UB
<br /> ��;�'= . .ti . uppn and take poseeealon of the Property,or any paR thereof,In ita own name or In the name ol the Trwtev,end do any acts whioh it
<br /> . . ' deema neceseary or deairable to preserva tha value,marketabi8ty or rentability ol lhe PropeAy,or eny part mereof or In4erest thereln,
<br /> � � ~« � increaae the Income therelrom or proteat tha seaurfty horeof and,wUh or without tekln�poaeeadon o11he Prope�rty,eue to�or
<br /> . ���� � atherwise coNect the rents,tesuea and prolits thereof,includi�p thoae past due end unpafd,and epply the eame,las�coqa and
<br /> r �� � � "` expensee of operadon and colleation fncludinp attomeys'feea,upon any indebtedneea eecured hereby,all in aah order as londer
<br /> - `""" " ' mey determine.The enterin u on and teki� perty,the collection of suah renle.ia�uea and �olite and the
<br /> � p p poasession ol the Pro P
<br /> � � � appllaetlon thereof as aforeseld,ahall not cure or waive eny default or notice ol delault hereunder or invalldate any aat done in
<br /> � _�� � reeponeeto auch default or pursuant to suah notice ol defauN and,notwithatandinp the continuanae fn posaesslon olthe Property or
<br /> �� tl�e collecUon,recolpt end application o1 renb.iesues or protita,and Truatee and Lender shall be entftled to exeralae every►lght
<br /> -�- • • � — provitled lor In e�y ot the Loon Instrumenta or by iew upon occuaence oi any EveM oi i,e,fauli,inctudiny wfii�out ii�niia2Von iils ri�hi
<br /> k � ' . . to exerciee the power ot sela.Fuhber,Lender'e riphta and remediea under thla peregraph ahall�e cumaialive with,and In no wuy a
<br /> , , Ilmimdon on,Lender's riphts and remedles undar any as9ignmant of leases and renta recarded aqainatlhe Pruperty.Lender,Tru�Aee
<br /> � f�� � �; � • • ' � end the recelvar ahall be Ifable to account only tor those rents actually reoeived.
<br /> 11. Ev�of DNault.The fottowinp shafl conatltute an Evant of Deleult undar this peed of Trust
<br /> • (e) Failure to pay any inatallment o1 prinaipal or i�lereat ol any other sum secured he►eby when due;
<br /> •• (b) A breach of or deiauit under any proviafon contained In the Note,thi9 Deed of Truat,any o}the Loan InaVument8,or t�ny
<br /> other lien or encumbrence upon the Property;
<br /> (c) A writ ol execution or attachment or any slmilar process ahelt be entered ayafnct Truotor which ahall6ecome a Ilen on
<br /> the Prpperly or any portfon thereof or Interest thareln;
<br /> (d) The►e shall be flled by or agalnat Truator or 8orrower an ectlon under any present or luture federel,state or othar
<br /> !�` . sfetute.lew or regulation releting to benkruptcy,insolvenoy or other relief for debtas;or there shall be appointed any hust�e,
<br /> , • recelver or liquidator ol Trustor or Bo�rower or oi all or eny part ot the Property,ar the renta,issuea or prolit�ihereol,o►Tru�tar
<br /> � a,. , or 8orrower shall make any general assipnmenl for the benefit of creditors;
<br /> (e) The eale,trantler,leaoe,assignment,conveyance or lurlhar enaumbrance of ell or any paA o1 w any Interpst In the
<br /> Prope►ty,either volunterlly or involuntarily, without the express written consent of lender,provided that Tru&tar shaD be
<br /> � .�` � , permltted to execute a lease ot the P►operty that doea not contafn an opllon to purche�e and the term ol whlah doea not sxceed
<br /> � . ; one year,
<br /> , (Q Abandonment of the Property;or
<br /> - � � (p) If Truetor Is not an�ndividual,the issuance,sate,iranafer,assipnment,conveyance or encumbrence of ma►e ihan�total t�Y
<br /> ,�'� �-;
<br /> � o} percent o((If a corporotian)Ita�ssued and outslanding stock or(if a pertnerchlp)a total Of perCertt of
<br /> ` � . . partnershlp fnterests during the period this peed ot Trust remains a lien on lhe Property.
<br /> ' 12. R�mMl�r,Aewl�ratlon Upon Qa1auN.In the evem ot any Evem of Default Lender may.without n ot�e except as requfred by '``""
<br /> , lew,declere all indebtedness eecured hereby to be due and peyable 9nd the sAme ahell ther�upon beoome due and payable a�
<br /> ,.,' without any presentment,demand,protest or notfCe o1 any kind.Thereaher le�der may: r,.,,
<br /> � �'''•'� ; • (a) Demand thet Truatee exercise ihe POWER OF SALE granted here�n, and Trustee shal! lhere�flHr cau6e Trustor'e
<br /> ;', ,•:. . ,;�; � intereat in the Property in be sold and the proceeds to be distrlbuted.all in the manner provided m 1he Nebraski�Trust Deeda .y .
<br /> ' �':i� ACt
<br /> � (b) Exerclse any and a0 riflhta proWded 1or in any of the Loen Instrumenta or by law upan occurrence o1 any Event of �
<br /> l '•1 petaulC,end
<br /> i i • S �: �,. (c) Commence an ection to toreclose ihis Deed ol7rust ea a mortgape,appo�nt a recerver,or apecA�lh�eMorce any of the �
<br /> '� . ' • covenants hereof. I
<br /> ' ,,��. No remedy herein conlerred upon or reaerved to Trustee or Lender is�ntended to be exclusive of any other remedy herein,in the ��
<br /> : Loan Inetruments or by law provided a permitted,but each shall be cumulative,sha11 be in addit+on to every other remedy given !;•
<br /> 4v. ; f� ', hereunder,in Ihe Loan Instruments or now or hereafter ex�ct�np at Iaw or in equ�ty or by atatule,and may be exercised concurrently, F
<br /> '�'. � . Indopendently or auccessively. •
<br /> ; , 13. TsuslN.The Truetee may resifln at any t�me wiihout cause,and Lender may at any time and without cause appolnt a
<br /> • � ' i aucCessar ot euballtute Truetee.TruBtee shall not be Ilable to eny party,InCluding without limitallon Lender,8orrower,Tru9tor or any �
<br /> a purchaeer ot the PropeAy,for any loss or dertwge unless due to reckless or w�lllul misconduc4 and ehall not Ee requlred l0 lake any �
<br /> :,. " actfon in connectlon wlth the enforcement of this Doed ol Truat unless indemnllied,fn wruing,for all coeta, compensadon or I
<br /> ' � ' �....ew.e....w/eA...s..1..��.MIs1��hnrn�u�fh In�AN�t.nn 7ruefm mav hormm�n nur�hwna►A1 n�tv CAIA M IhN PYA�BI'iV I{lllIICIBI Of
<br /> v..yv..+v..�...........�������'�'��...�.� ' _�" .'_'�._ "___ ' _ . . .
<br /> , %` ` under the power of sale granted here�n);postpone tho sale of all or any portian of the Property,es provided by law;or sell the ,
<br /> ` PrOperty aa a whole,or In separate percels or IOtS at Trustee's dfscretlon.
<br /> 14. F��nd Eup�nas.In the event Yrustse sells tha Property by exerclse of power of eale,truetee ahall be entitted to apply
<br /> ;� � any eale proceeda tfrst to payment of all Costs and expenaee ol exercleing power of sele,includlnp all Trustee's Tees,and lender'e •
<br /> �:r' a •• and Truatee'sattorney'8lees.eCtuelly In�uneu to extent permltled by 8ppliceble law.In the event Borroweror Truetor exerC�aes eny '
<br /> , riphf provldod by law to cure en Event of De78ult,LenUer ahell be enti0ed to recover from Trustor all costs and expenses actualty
<br /> .. MCUrred as a retulf of Trustar's def�ult inotudlnp without Ilmitatlon all Trustee's and attorney's lees, to the extent permitted by
<br /> ., ,. • Applicabte law. f
<br /> 15. FuWt�AdraneN.Upon request of Borrower, Lender may,at fts optfon,make additional and lufure edvencee end re•
<br /> �dvance�to Borrowe�.Such edvanoes end readvancea,wfth Intereat thereon,shall be secured by thfs Deed o1 Trust.At no dme shall ,
<br /> . ' the principal amount ol the�ndebMdneis aecured by thia Oeed o1 Trua�not Includmy aums advanced ta protect the security o/thlt
<br /> . �9 y't ' Daed of Trust excasd th�oripfnal prir�o�pal amount�tated herefn,or S 40.��� whichever Is preate�� '
<br /> _ y
<br /> � • �
<br /> r • • �
<br /> � ..
<br />
|