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<br /> '"`� °- �_� t� Co;rartst�ts�Trustot wftl�RES{�In Leeses WiU►auf Ure¢Nror w�rrTt�an cd�Selrt ot BerNfrdary.T�aha�na�drecdy.Or 1�1aI�eCdy,
<br /> �"�� � � ����ap�/fd�pJ�JI!}(�8�ILSf plp�Ally.Qf Yf1�f p0/4�OA f1lNl0�W1/B@19IIItlCltll8S9fS A0W Q/Al�Sf�/�hBX15hI1C�
<br /> —��_° � (�)�tccaptaP�+mr�YP�P+��a�.satiraoradvancspaymmtofrernl�er�rieyda►Insxcesaatarsmcrttl:;
<br /> ;`� (bj Cance!a terrn6iaa�the sams.a acccPt any cai�caAeoiorr.terminatiixr a su�renAerthereol.aPermit anY eV+x�tDa occur�vNci�waak!
<br /> ocsurtAereunder m tamYntto a ceRCat the same�otMrthan termJnaOia�fcrrla�payment ottsrit,
<br /> '� (C)Amef�d amod'�ljr Me 5ameso as to reduCelAe tems thergW.�e rentet Payable there�nder.a tb charige arryienewal pmvislons�
<br /> #":,�, L_ therali�corrtalnsd, . ` , _ • . '
<br /> � - -. Q (d) iNanra arry detault tlreieundera brescA thareo% . � . ` •
<br /> ` Q� (e) Oive srry cansen�waiver a epproval the�eunder or take any other acLion tn connectioa Nerewith,a witli a/esaee ihereunder,wNCh �
<br /> � _ � wnuld have ti�e eflact olimpetdng�vatue ol thetessor's lntares�thereundsror the praAe�ty subiect theretvr oc offmpaldngthe
<br /> ��. " "` ` � posftionwir►teresto�Benehctauythereln.vr. ' � - _ -
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<br /> _ ��`,:::_ Q l� Se1�ass�gn,p/edg'e.mortgaQe ot olherw�se d�spose o%w encumberftS�nterest(n any said lesse or any rent�lss�res.Rr�fris lssuln9� -__ _ __--- -. �
<br /> °,�-�f,< , � ovarfsingdrareunde� --
<br /> � '�� ' 77. Waivar ot$�atr/te of Umitadar�Tirne/s o!the essence tn aD of Trasta�s obligaGons and duties hereunder,a�rd to tAa�xUentpem�ftte� � '�'°"�-—
<br />.. . ','_,S.". ` �.._.
<br /> - - Dy�aw.1'r�stor waives a11 present4�b�ture starutes ol Gmrtatiorrs with respect to sny deb�demand or oblfgatlo�secwed►re�eby and ��=R r"'"�'�
<br /> �°...:,.; .•,. _ �
<br /> any actlpn or praceeding ffo�dte pu�pose otQnlorr,ing th�s t)eeQof Fiust a any rights a►�med'res contaiaed herein.
<br /> . -;�� �'..�•- �,y 18.,AssTgnme�i ot Deposits.!n t!►e.@veA�constructian aflmprrDVemenfs is conAemplated by the loan evidenced by the Atote aecrrred —�--__--
<br /> - � her8by.as addiflonaf security therefore.Trtrs[a he�e6y dansfe�s artd asslgns Uu Berrefic�ary,aD dglr�ONe and Irrteres�t to arry and a1! � �_�.�_—��_
<br /> "'�•J�`, morties daposited Dy a on behall a�Tiusto�wittr eny ciy.counry.PubGc body or agency,sanBary distric�uO�iN canPany,erid ,_..-�
<br /> - - - .— -.- - arry oMerpody a sgency,lor theinsta11a0inn ar to secwe tAe Insta!lati�on o/eny erblih by 7rustor,pefidining to Ure tiust Properry. ..,�_ �.�=;
<br /> . .. i� Corporabon or Partne�shlp Exisience.tlTiustoris a 'p,or Lmited paibiershl ,lf wiD doalJ thin s ,-��""'�`<"�—"""°--
<br /> corparation,general pafirershr p 9 ���'
<br /> necessaqrta preserva its capaata or yaR»ershlp exlstersce.a4 the case may b�and a1!rtghts and pdvrleges under the/aws of the� �*;,_.�:`�'��_F---��
<br /> _ . . ' a�ata ofiLs tncoiporaG�on or oigarrizaGon. � = -��
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<br /> 2p. ForDearance by Beneflciary Not a Waiver.My forbea�ance by Beneficiary in exercising any rigM or remedy hereunder.orothe�wiss ,.4�x',� �
<br /> , aftotded by epplicab/e law.shall not be e walveroto�preclude the ezer�/se of any se�ch rigMor remedy.The procuremem of ��a�.�;` �___
<br /> �� . Insurancg ar the payment oitaxes o►the discharge oilieirs orcharges by 8enefrcfary sha/i notbe a waiverof Beneficiaryr's righf to ___
<br /> ;;, ;�, f ;�, � accele�ate tha matrniry of the/ndebtedness. . _ ?__---
<br /> 2t. Remed/es GrmulaAive.A!1 refiedies provided in th/s Deed d�7rust ara.��sL'nct and cumulative to airy atlrerrighror.renrre�Jy under this �L
<br /> � O�ed o!Trust or afforded Dy faw a equlry,and may ba ez�?sed c�z:�xrently,independenily or saccessively.•. -
<br /> � _ . 22. Successors and Asslgns Bound,•Jdnt and Severa!Uabilz��"apboi�.:i'�a co�e�arrd agreeme�rts herefn confairred shall�ind,and , _�
<br /> � � the righLS hereunder shail inure to,tAe respective successas and��s bt BeneTrciary.Trastee,and 7�ustor.All covenants end , . --
<br /> � :��� � agreements ot Tiustor shaU be jolrrt and severa!_.The capGions and hes:.�%gs of the parag�aphs o1 thls Deed of Trust are for . '`'=—
<br /> � - �•�-�-°° � � � canve�rce onJy artd are not to be used to interpret a deCrne the provisians hereof. .• - y =_
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<br /> "�'� -u � 23 Nodce.Except fnr arry rro�ice requlred underapplicab/o iaw to be gfven in anoiher manner,(a)any noace to Trustor pravided for In this ',•;`�
<br /> �•'�"'-`��'�f%::_•.: � Deetl of Trust shall be glven byr mailing such aofice by cenilied mall,retum recelpt requested addressed to Trusto�et its mailing � �� i=��
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<br /> � � ,� . °r::��- �:�..' • address set fortb above or at such othe�address as Tiustor may desJgnate by noUce to BeneAclary as pravided herei»,and(6)any ,`.
<br /> °`'�`'• � notice to Benefielary or Tirrstee shall be given 6y certilled mail,rewm r'�° t requested,to Beneficrary's end Tiusree's maL'in .� -
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<br /> address stai�'tserein or to such other addrQ,.�as Benefrciary or Tn�s.��r<a.�y deslgnate by nodce ta Fr,;stor as piovlded herefn.My � �' ��'�`
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<br /> • � '. ,�;� ,��.;� �rotice pmvi�'�d to�/n thls Deed o!Trust sh--�he deemed to have been�'w3n to Tiustoi Beneflclary erTrustee when grven!n the, . ����'`�-�--€
<br /> . :.y . ... � . ' �. .
<br /> �;r��,�•:,;,},� ,<"r�,r�; m�re�designated hereln.. f =�����:
<br /> • � .�.. _:'�;;:';;.:;�;;:�;�. . Z4 Gn�ming latv;Severc�bAity.Tlris tleed of Trust shap be gc,r�:ed by tPie laws ol the St�:e ol Nebiaska.ln the ev�nta/1y.provisfon or f • ;,�:�.
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<br /> .• �;,�:,;�_.�:.=; : Gausa o/this Deed cf TiustccrrrPicts�Ith eppflcab/e faw,suoh conflict shall aat atfeCt�provislons ol this OeedofTiust whlch can . F • .. �..ys�,
<br /> ' ��-` , . ., be given eflect wNrout the canflicting provi�ons_and to this end fhe prnr�ans of thls Deed of Tiust are declared to be severa6/e.�. � �•�,. . . ;::;;:;;�'
<br /> , ' � ' . 25. Events of Oefault.EaCh of the failowing occurrences shaiJ cons6tute an event o!default hereunder,(hereinaftei called an"Event . � �;'r,�•�:
<br /> . " o�DeJaulY): ..
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<br /> ` � � (a) Tiusto�shaJl tai!to pay when due sny princlpai,Interest,or pdncipal and lnteiest on the Indebtedness, � .' ' ' �
<br /> � • � (b) My wana�rry ol tifle made by Tiustor hereJn shaq be untn,e, � • � <
<br /> ' . (c) Tiustoi shall fail to obse�ve or pedam any of the covenants,agreements,or candiUons in this Deed of Tiust. � � �
<br /> ' �� ,; . , � (d) My representaUon or wananty made by Trusior on any linancial staterrents or iepons submined ta�aneNcfary by or on behall ol � ,��.•:�
<br /> - � • 7nrstoi shaU prove false or mate�fa!!y misteaa`ing, i
<br /> , - (e) Trustar shal!fai!fo perlo�m or observe any of the covenants,conditions or ag�eementa oontainad in,or b;nding uppn Tiustarunder ! . :• .�'' ,
<br /> � �� eny building loan agreement,security agreement,foan�greement,financing statemerrt..qr any other agreeme�ir,s�/ument or � ' ���`;:�
<br /> ; � ' `� � '.';';,;` ;, document executed by Trustrrr in connec6on wifh the�oa-re evidenced by the Nofe, ; , ��`��;,'-`��''����•
<br /> �''':./y(i..•,'1'.� �, ;.: o . . .
<br /> (n A trustee,recelver ar IlquiCa2a�01 the Trust Fics�„Ry or ot 7rustor shall be appointed,or any of tha creditors of Trustvr shal!file a , �`',�f-;.,�'-'
<br /> � • ;,�`.�;:•'�; petltlon Jn banl��ptcy agalnst Trustor,ar far me reaganJZation ol Trustor pursuant ta the Fede�al 8ankruptcy Code,a�any similar . ; ::,'��
<br /> � �`�;��,: • law,whether federal or state,and il suCh oiaer or peUtion shall not be dischaiged oi dlsmissed withln thbty(30)days aftei the date � '! ; ;• ��
<br /> . �;;:,:;; . on whfch such order o�pe�on was filed, ! • ���i �`� .
<br /> ''",r;:��� (g) Tiustor shall Iile a pekdan pursuant to ihe Federal Bankrupicy Code or any slmifar law,lederal w state,or!1 Troslor sha!/be t ., ,,
<br /> � �• _��.`�:�;°:F:;.�'. ..,. adJudged a bankropt,or De a eClared Inso�vent,or shatl rrrake ar+ass)gnment for the benefit af c�editois,ar shalf admit ln wridng it3 • ,
<br /> . . • Inab!!iry to pay ita debts as r�isy become B�e,or ahall,consent to the appolntmeRt ol a receiver of a'10�any pa►t o�the trust Praperty, . .
<br /> � �;;�:�i:�- � . ' (h) F laa l Ju dgmen t lor t he payr�en t o!maaey s t'�'i b e r e n d e�e d a g a l n s t f rus�o r a n d T r u s t o r s h a l l n o t d i s r,h.a�g e t h e s a m e,o r cau s e«t:. • . • ,
<br />: ' . .,` � be dlscharged,withln thlrty(30}days after!he entry thereof,or shalf�at appeal therefrom oi liom fl7a�rder,decree or p�ocess�pon
<br /> • . � f whlch o►pwsuant to whieh said�adgment was granfed,�ased,or entered,and secure a stay oJexecution per�r,g such appeal, ' � ,
<br /> ' � � (i).Trustor shall sell or convey lhe Tiust Property,oi any part r.*eieof,ar any lnteresf thereln,o�shall be dWested cf�2s .M.le,or any Jnterest ` .
<br /> z;.;;�'.i�. '� therein,in arry manner or way,whethe�voluntailly oi tnvctuntarily,without tha wriKen consent of Beneficlary bein�11rs!had and
<br /> • • obtalned,oi •
<br /> � (j) !f Tiasta Js a capo�etion or pa�tnersh�p and er.ore fhan fifty percent(50°r,)ol the sha�as or benelrc«r.^te�ests in suCh co�poraIIan or •
<br /> ,_ • . pa�tne�shlp,as the case may be,shs/l Ge trar.sfened or Conveyed,whether volunrarily or involuniz�:�;r,vrithout the written consereof ,
<br /> � Beael/clary being llrst had end oB!air,eG:
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<br /> 28. Accelerallon at Oabt;Foreclosare. Upon rr.e oceurreRCe ot eny Event of DelauN,or any t�me thereafter.Beneficiary rr,ay at lts option, �
<br /> , � declare alf tha/ndebtedness secu�ed heieby immedia±E�f Cue and payabte and tne same shal!bea�rr.��rest at the vo`auit rate,if any. • .
<br /> � set loR1r In Ihe Note,o►otherwlse at the h�ghe�t�ate permitted by law,and,�npspeC�ive o!uvhethe�Eer,o!�clary e,terc�ses sald option,it ' �
<br /> � . may,at its aptian and M;ts so/e drsc�etion,w�tifout any lu�ther nohce or demand ta or upon Trustor,ab cne or more oJ the followirg; ,.
<br /> (a) Beneliclary may enter upon,take possession a!,manage and opo�ate the Trust Properry ar any partCnereo%maka repai�s arrd , ' , � �,
<br /> � � alte►adons and do any acis which Beneficlary deems p�oper to prolect�he securiry thereol,and elther with or withc.ui taking •
<br /> possesslon,tn its own name.sue to�or athe�wlse coilect an9 recelve�ents.issues and p�ol,is,inctuding those pa:t due and unpald, , '
<br /> and apply the same,fess costs and expenses of opeiation end collecbon.lncluding�eason2ble aKOmey fees and Beneflciary's
<br /> costs,upon the lndebtedness secmed hereby and!n such order as Beneliciary may defermine. Upnn iequest ot Benellclary, Tiustur
<br /> � shalf assemble and shaM make eva�lable to Beneliciary any ol the 7,est Prope►ry whlch has bsen removed. Tho entering upon end
<br /> taking possess/on ol the Ti�st Piopeny,the collechon af any rents,issues snd profits,and the application the�eol as etoresaid.shai!
<br /> ' nat cuie or walve any delault therefalore or thereatter occumng,or aHect any notres of tlefault or natiCe o/sale hereLndei o�
<br /> - . lnvalidate any act done pu►suant to any such notice.Notwilhstanding Boneficlary's continaance in possesslon or recelpt�nd
<br /> • ( ' • appliCatlor�of rents,lssues or ptofits,Benelrc►ary sha11 be entitled to exercise every nghf piovlded far in thls Deed ot Tiust or by/aw ,
<br /> � upon ar aiter fhe occuaence of an Event o!aelau/t,inctuding the�Jght to exe�clse the powe►of sale.Any of dts actrans�eferred to in
<br /> �.� _ _ � , thls pa�ag�aph may be taken by Benel,cla�a�such nme as�enear,�a,y may Nete�m�ne wdhout ieyard fo tha adaqr��cy ot any .
<br /> _�.. ._ _ �-..�----._..__ _.__.__, , secadt�fm theli,debterinass seevre�l t�e+eGi�: . ._- - - _ - -
<br /> • � • " (b) Beneliclary shalJ,withouf r9gard tb the adequacy ol any secuiily tor the/ndebtedness secured heieby.be enhtled to rhe �
<br /> ��' appoiniment o/a recelver by arty couR having jurisdktian,,without notice.to taka possess�on ol,protect,and manage the Tiust •
<br /> ' "• Pioperry and operate the same and collect the�ents,issues and prohts tharefram.
<br /> ,` � � (c) BeneNciary may b�ing any actian ln any court ot competent/urisdlcUOn ta largc/ase thls Oeed af Tiust or eMace a�y ol the
<br /> , covenants he�eoJ.
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