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<br /> � qM Prop�ryr I��0 4krn a dum�prd.L�ndK�h�ll h�w qM opqon,In Ib wN and ab�oluM dborMbn�to�vDlfr�II wah P�oaNd�,
<br /> �}Mr.d�luaqnp t1�rNroR1 all QoW u�d�xp�ntN Inourhd b�r It In aonn�allon wftl�woh P�ooMd�.upo��nY 1n�bMdn�M Mound
<br /> hKN�r and In wah ordar�s I.�ndK m�y dN�min�,or W�pplY�11 woh ProoMd�,dOK woh d�duatlons,to th�n�bntlon or Ih�
<br /> P►opKt�►upon�uoh Condlqon�a�L�ndK may d�t�rmine.Any appllatbn of Proc:Md�to Ind�bt�dn��hall not�xMrid a po�tpon�
<br /> th�du�d�ts of�ny prym�nq undu th�Not�.or curs�ny d�huit tlt�rKtnd�r or hw�und�►•My umppll�d funds�hall b�p�id b
<br /> .���• • Tru�tOt.
<br /> ��• 9. pKlonn�b�r tand�r•Upon the ooaurrsna�ot an Ev�nt of DNaullh�r�und�r,or If any aot 1�qk�n.or I�p�l prooNdlnp
<br /> 'r: . =.z+� '� comm�na�d whlah nwte�iuly aB�ots L�ncNr'�Intaat In th�Prop�ty.L�i�r may in Iq own dlrcrMton,but without obllp�tion b do
<br /> • �```' `�'= � so,�nd wlthoul n0U0�to or dlmand upon Trustor�nc1 with0ut nlestlnp TrutWr lrom any oblip�dOn,do enr aot wh�h Truqor ha
<br /> . � �prMd but hlls to do and may�Iw do�ny othn�nt it dMms n�cewary to prot�at tM a�ourih h�reof.Trustor�hW,lmm�dlaqyr
<br /> �f•"""` � upon dempnd thprefor by lend�r,pRy to Lend�r all cosq and expenses InauRed�nd sum��xpw�d�d by tand�r In conn�ctlon wlth
<br /> �'�" ths�xeraisa by Lender ot tho lareppinp riphp,topeU�er with intersst therson�t th�d�iault nt�p►ovid�d In Ih�Nob,whlch�hall b�
<br /> �dded to ths IndsbHdn�a pcund hasby. Landa �hall not I�our any Il�bllliy b�caua of anythlnp it may do or omH to do
<br /> � �. Mreunds►.
<br /> „ ~ '�+;� "�� �.Nasudan MI�I�i�.Tru�tor shall keep tha Proparty in compll�nce with all appllw�bN�law�,ordlnencas and rpulotlon�
<br /> ���;._:�'. �
<br /> t ;.: �etatlnp to Industrlal bypiene or environmental protecUon(aollecqvely refarred to hereln as"Environmen4l Law�'�.Truator Wull
<br /> � �"r .� ��. �`�' keep the Property hee Irom ell�uMtances deemed to be hazardou4 or toKla under any Envkonmenlal Law�(coll�cNvNy r�Nrnd b
<br /> �`':. �,• ;,. aN
<br /> r �-`' hereln as"Hazardoui Materials'�.T►ustor hereby worrants and reprasents to Lender that there ere no Natardou�Mabrlal�on a
<br /> � •�7 -��''°'�'� unde►the Pro Truetor hereb a �eea to indemnl and hold harmles�Lender,Its directors,oHicen,em to eas and a ems,and
<br /> ,. � ., t. PehY• Y � N P Y O
<br /> ;�:.f .�'.�:�.,�^:..:,.. .: ,'�,:ti►' any wcc�uora to Lender's l�tae�t,/�om end apNnn any end all alalm�,d�mape�,lostss and IIabIlfiNs�MNnp In conrnctlon wltl►
<br /> ;, ;,.:•�.�.S •,;_;,� ��%e:.. the preaence,uae,dlepoeal ar hanaport of eny Mazerdous Materials on, under,lrom or about the Propsrty.THE FOREdO1N0
<br /> `' '�"�� WARRANTIE8 AND REPfiESENTAT10N3,AND TRUSTOR'3 08UCiAT10N3 PURSUANT TO THE FOREOOINQ INOEMNITY,SHALL
<br /> ' �4 'J•. . . ' 'ctrf�.
<br /> ' + • � • a 8URVNE RECONVEYANCE OF THI3 QEED OF TRU3T
<br /> L-B ' �� - �•-���<�-'?:f� n Lender the renb ia�uos and rollta of the Pro : rovided ihntTruetor
<br /> F" ,�� .,:,,:'.f 10. Awqnm�nt ol Rmt�.Truator hereby aasip a to , p Perhr P
<br /> .
<br /> '• •n+�,� � r! ht to collect end retain euch rente iasuea and ro8ts aa
<br /> 1 1 It hereu
<br /> nder havethe
<br /> c rr n e of an Event o De au P �Y
<br /> shall,undl tha oc u e c p
<br /> r';.-� t►��:'�:��;
<br /> �� t ��,� , become due and payabte.Upon the ocourrence of e�Event ot Default,Lender may,either in pereon o�by apent,with or without
<br /> + ;��iy:i�..`�' � ' brfnpinp any acUon or p�oceedinp,or by a receiver appolnted by a court and wilhout reqard to the adequecy at its escuriry,enW
<br /> � ' �d}�'•.•� .: � upon and take posseaefon of the Property,or eny pad ihereof,in its ow�name a�in the name of the Truatee.and do any acts which It
<br /> :: • • . �:;ti�lt, �' deema necesaery or de9lrable to preserve the value,marketabllity ar rentabllHy of the Propertyr,o�any peA thereof or Interast the�eln,
<br /> °�•�'•���, ,, . ,�� •, �.•.''�+tr1,° , Inarease the Income tlierefrom or proteCt the securlty hweol a�d,whh or with0ut takiny ppesession ot the Property,eue for or
<br /> + ,',f�,watL.�t."¢+'�'�'k� � i
<br /> ��;`�. ;' `� � otherwiae collect the rents,issues end pro0ts thereof,including those past due and unpald,and apply the same,less coets and
<br /> +,���?���� '�� '::r''�'�- `''•'���• • +� expenees o1 operatlon and collectlon includinp aftorneys'fees,upo�any Indebtednesa secu►ed hereby,all In auch ader as Lender
<br /> ,�,,,..,y.,, .�,'�''f" . :t..,..�;,:.�.�.
<br /> • � � :�'°'•f�•��, � �� .�' may determine.The entering upon and taking poesesalo�of the Property,the collection of auch renb,leauea and prol8s and the
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<br /> `1�.ti1.,.; ,,�,����r .y,,,.�f,�y�; application lhereof as atoroseld,ahall not cure or waive any delault or notice ot default hereu�der or invelidate 8ny act done In
<br /> i,,�.�, 4;:, • .;�.: � ,�;�' �eapoose to such default or purauant to such noUce of default and,notwilhatending the continuance in poaseaslon of the Propetry or
<br /> .,.��. ,,���: �.,�j.M$°„ . _,_'•:., .,.l;��, the collection,receipt and applicatioo of rents,Itsues or prollta,end Trutstee and Lendar ehall be enUUed to exercise every rpht
<br /> � '`�•5"i•' ' '' " � Qrovided for In an y ol the Loan InaVuments or by lew upon occurrence ol any Event of Default,Includinp wlthout limitatlon ths ripht
<br /> �� �'`^ � . . to exeralse the power of sale.Further,Lender's righu end remedles under this paragreph ahall be cumulative wilh,and In no way a
<br /> �• ., ` Nmitatlon on,Lender'e dghts and remedies under any aesipnment of leases and renta recorded a�ainsl the PropeAy.Lender.Truetoe
<br /> � ; , and tha receiver shall be Ileble to eccount only for those rents actually recelved.
<br /> . 11. Er�nb of DNaulf.The followinp shall consUtute an Event of Delault under this Deed o1 T�usk
<br /> i: ' ' (a) Fallure to pay any Inetallment ol principal or Intereat of any other sum aecured hereby when due;
<br /> ''� . • . (b) A breach of or delault under any p�ovislon confained I�tho Note,thfs Deed of Trust,any of thQ Loan Instrumsnb,or amr
<br /> , �• othw Ilon or encumbrance upon tho Property;
<br /> �, •• � (c) A writ of execution or ettachment or any s�mllar proceso shall be ontarod apalnst Trustor whiCh ohall bsCOm�a IiYn on
<br /> the Property or any portion thereol or mterest thereln;
<br /> (d) There shall be 111ed by or egalnst Truator or Borrower an ectfon under any preaent or luture federal,�tats or other
<br /> : statute,lew or repulatlon reletin�to bank�uptcy,Inaolvency or other rellef for debtors:or there ahall be eppointed any Iruetee, �`�
<br /> � � " receiver or Ilquidator ol Trustor or Borrower or of ell or eny pert ol the Properly,or the rents,iasuee or profite ther�of.o�T�ustor
<br /> ��n� �a ' � • or 8orrower shall make any qeneral asaignment for the benellt of creditors;
<br /> � (e) The aele,transter,lea�e,aasignment,conveyence or lurther encumbrance ol oll or eny paA of or any inter4ef in ttle
<br /> •� Ptopetty,either voluntarlly or Invotuntarfly,wilhout the expreas written coneenl of lender; provitfed thet Trustor ahpll be
<br /> j ; , " permitted to execute a leaee ol the Property thet doea not conteln an optlon to purchase and the term of whl�h daes no!f�cead
<br /> „ .. �• , one year,
<br /> (Q Abendonment of the Property;or
<br /> ' (p) If TrustOr is not en fndlvfduel,tfie fsauance,sale.t►ensfer,analgnment,conveynn�a or enr,umArenae of mwe�ihan a tok+l .�:�
<br /> t � � ot percent of(il a corporation)ita fasued and outetanding stock or(it e parinership)a totel of• percent of
<br /> • � partnership Intereats during the perfod this Oeed of Trust remaina a lien on tne Property „
<br /> 12. R�m�dl�a:ACC�Nradon Upon D�fault.ln the event of any Event ol Delault lender may.without nqtice except as requlred by
<br /> � law,declare all indebtedness aecured he►eby to be due and payable end the same shall tnereuqon becc+ne due and payabla
<br /> wlthout any presentment,demend,proteat or notice oi any kind.Therea8er Lender may�
<br /> 1 �. ;._�,;�'� �� (a) Dema�d that Trustee exerclse the POWER OF SALE granted her¢�n, and Truatee shell�tnereafter cause Trustor's
<br /> , ���: , interest in the Property to be aold and the proceeda to be dlatr�buted,all In the manner provided in the NebrasNa Truat Oeeds
<br /> ;'� � Ack
<br /> , . (b) Exercise any and all riyhts provided lor�n eny of the Loan Inelrumenta or by INw upon occurrence of any Event of ' `
<br /> �..• '.'� .. De18ul�and
<br /> ,.� ;,. (c) Commence an actlon lo forecloae this Deed ol Truet ae a mortqqpg,appoint p reCeivQr,or specilicolly enkrco any ot tM
<br /> , „ covenants hereol.
<br /> �'�' •� • No remedy herefn conlerred upon or reserved to Truotee or Lender ig�ntondttd tu bo exclusive ol any olher remedy herein,in the
<br /> �. ' �' ; loan Instruments or by law provfded or pe�m�tted.but each shall be cumulqtive,ahall be fn addrtion lo every other remedy glven ' •
<br /> � � ,, �. hereunder,In the Loan Instrumenta or now or hereaker exist�nq at law or m eqwty or by atatute,and may be exerased conCUrrently, �
<br /> t r � : �� Independendy or sucCeselvely. �
<br /> 13. Tru�tN.The Truatee may resiyn at any t�me w�thout cause,and Lender may at any dme and wlthout cause appolnt a • •��
<br /> � 5.! . eucceasor or substitute Truatee.Truatee ahall not be Ilable to any party,lnCluding wlthout Ilmltetion Lender,Borrower,Trustor or any
<br /> ' - purchaaer ot the Praperty,lor eny loss or demege unloae due to reckleas or w�lllul misconduct,and shall not be requlred to teke any
<br /> �� eCtion in ConneCtion with the enlorcement ot thf8 Deed ol Trust unle9s mdemniffed,in wntfnp,for ell costa,compenaabon or
<br /> • . . .; „ expenses whlch mey be assoc►ated therewith.In addit�on,Trustee mey become a purchaser at any sele of the Property Qudlcial or '
<br /> . .. � . _ ...��_._._• ___.____.�_ __�.. _�_�• ��. ���r�� •��� I����� .�J�J t..1�....
<br /> , ^��- — unoer me pvwnr o�suia y�nww nu�um/. Vw�yuna u�a aa�v��a��vi onr Nv�u���"v� u�v��vFrv�:j.BG jMiviww vy��w.'v:w�:`: [`- -
<br /> '.� , 1; �, Property as a whole,or in seperate parcels or lots at Trustee's dlscredon. { •
<br /> ,,, � -�° 14. F�s and EYp�nNS.In the event Trustee se�ls the Propert�by exerclse o1 power ol sale.Trustee ahall be enUtled to apply
<br /> _.�` " eny sele proceeds Ilrat to payment of all costs and expenses of exerCisiny power ot sale.Including all Trustee's leea,and Lender's �
<br /> ,�� , , � 8nd Truatee'8 atlorney's feea.actually Incurred to extent perm�tted by appllcabte law.In the event Borrower or Trustor exerclaea any
<br /> '�� c rl��t provlded by law to cure an Event of Delault,Lender shall he entHled to recover f►om Trustor all costa and expensea actually •
<br /> � , �• incurred as a result ol Trustor's default fncludln�wfthout Ilmitation all Truatoe's and attorney's fees,to the extent perrnitted by �
<br /> � ' } . appNCable 18w. '
<br /> 15. Futur�Adv�nc�t.Upo�requeat ol Borrower,Lender may,at ils option,make addttional and tuture advances and re•
<br /> .` �1�•, :��, advencea to Bonower.Such advencea and readvances.wfth Interest thereon,aAall be secured by thfs Deed ol Trust.A1 no time shell
<br /> � `' �. r, , the principal amount of the Indebtedness secured by thls Deed of Trust,not including suma advanced to protect the wcurity ot thls f
<br /> 1,, � - • • D�d of Tru�f,exceed the orfpinal princlpnl amount atated herefn,or S whlchever is greater.
<br /> , .�y 80,000.00 ,�y;. • g
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