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<br /> t� Cownanb ol Truaror wl�h Rpp�ot M Lo,�aa.wnt,ouc rn.prio►w�rr.n ca►�.nr a e.n.�uy rtiaror.nau na,d/nofly or Mdk�cEly,
<br /> wlfh nsp�ct to any louo o/op�c�In d��Tiu,�t PropNty,a�ny po�tlan tMnol,wfwfl�r woh Ner�l�now a MnaRv In rx/at�rx�:
<br /> �.; (U �P�a+Po►mn+�Y A�AoY�nt.dlscount a advu►co payrrNnt ol nnt h�r�und�r In�xc�ai o1 or�montl►,
<br /> � (b) CanoN a taminatA tha serrN,or acc�pt any o�ncN/etlon,bnnln�tla►a�wmend��dNno/,a pnmlt any�wnt ro 000w whbh wnufd
<br /> ;:. occur tMnunder ro te►min���or c�ncd Iho w►»,otMr than hrminadon lor nonpvym�nt ol nnf,
<br /> '.,'�;-.•�-:, ` . ��� �n,ro«n�l tl dw+�amo�o u ro nduco fM t�m►tl�nol,dw nr�l paye+bla d►tnunal�r.a Io olumps�ny rsn�wv p►oW�lora
<br /> ° � �,�:��'�� (d) Wifw ar►y do/sulf fhereunder or broeah tharol,
<br /> - . ���'"��: ,�`• (e) Qlve any conaent,welver or approvel ther�and4r or feke eny ofher ecNon!n conn�cHon MerowUh,or wllh e Msaee theroander,wMch
<br /> . • ,� ..,.;:�.,�,r:"�, w�oald h�va the eNeot ollr►peldnp rha valuo a tha laara's lntenit tlaraundar a tM propeMy eub/oot thsnto,or o1 lmpal�inp d�
<br /> ��.,,,, ',:,':e�;�, posltlon alnferesf o/BenaBclery fharein,or
<br /> R. ., �� sr �I� Sall,asslpn,pled8e,morfpepe orWharwlsa dlipose o�or encumbor its lntwasf In any aWd lease a sny ients,/sauea,prolltsls8ulnp
<br /> °'`� " " . .i-e•�=�f� aerlslnpfhereunde►.
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<br /> 'Y "- � . � � 17. Welver of Statute of Umllado»$.Tlme!s ol fhe easence ln ell of Tiustor's obl/padone and dudea hereunder,and to Ihe extent pennlded
<br /> I 5;�� . �""� �" r.:.:���, '��, , by law,Tiustor welvea sll•present or future statutes o/llmitatlons wlth respect to any debt demand a obllgedon secured lwroby and
<br />�� '•" � any acdo»or proceedlnp lor fhe purpose ot enforclnp this Deed ol Trust or any dghts or►emedies contalned herein.
<br />'- : .�^•`� '�� 1 d Asslgnment o/Depoeqs.ln fha event conabuctlon ollmprovements/a corrfemp/ated by the loan eWdenced by the Note aecuied
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<br /> � �_�:�`a•.':,',�',;� hereby,as eddldonel8eaudly iheretore, Tiustor hereby benslers end esslgna to 6ene/Jclery,all Nght dde and lnferest to any and all .
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<br /> " ., �}, ,... :�,y:�,1 monles deposlfed b or on behall ol Trusror wlfh en c! ,coun , ubllc bod or a snc ,sanita dist�laf ud/1 com an ,and ;
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<br />:•;. �•>•i: '.,;;;�,,,�u ;,.•.-•,•,.� any alher body or agency,lor fhe lnatal/adon or to secure the Inatelladon M any u011ty by Tmsta,peAaln/ng to the 7�ust PropeAy. �
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<br /> : ::,�,.":,� �f• �� �v ,;�•� 1�. Corporallon or Parinershlp Exlstence.l/7rystor ls a corporedon,general pa�lne�sMp,or llmited paAnerahlp,lt w!N do all thinga `r����
<br /> � ••��� ��3''�'•��'���'•���'��:�'::� neeessary to presenre its corpo�ate or pamrershlp exlatence,as the case may be,and all dphts and prlvllepes under Ihe laws ot the ;���
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<br /> - '�r�•� � . ,�ti: �;�•;,Ar�1,1,,�" state o/lts lncorpaadon ar oiganlzadon. ��
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<br /> n i Not a Welver.M fo baa a ce b BeneUcla in exere sl an r! ht or reme hereunde or otherwise
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<br /> �.�:�f`!.,'',�`��.'��i�.�•'���:'•�: •° af/olded b a Ilcable law,she/l not be a walver ol or preclude the exe�clse ol any such rfght or remedy.7he procurement o/
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<br /> i'°�� ,�� ����� lnsurance or the a ment ol taxes oi tl►e dlsc!►a� e oi Nens or char es b BeneNcla shall not be a waiver ol BeneNcJe s N ht!o
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<br /> �� „ , , . acceferate the matud y o!tho Indebtedness.
<br /> � • ,�'.�• "�, 21. Remedles Cumulative.All remedles pmvlded In►hJa Deed ol Trost ere distlncf and cumulative to eny other d�ht or remady under dda
<br /> • � • Deed ol Trust or aHorded by lew or equJry,and may be exerclsed concunenUy,lndependenUy or auccesslvely. 1
<br /> !� � Z?. Successas and Asslqns Bound;Jolnt end Several Ueblllty;Capdons. The covenente and agreementa hereln contelned ahell bind,�nd
<br /> �•. � , the rJghts hereunder shell lnure fo,the respecUve suocesaors and asalqns ol8enepclery,Tiustee,end Tiustor.All covenente and
<br /> apreementa ol Tivator shell be/olnt and aeveral.The cepdons and headinpa o/the p�rayrepha ol thls Deod o/Truat ua la
<br /> convenience only and are not to be used to Interpiet oi dopne tha provlitons herool.
<br /> � • Z3, Nodca.Except!or any no8ce requlred under appllcablo law to be glven In anolher manne►,(a)any noNce to Tiustor provlded/a/n►h!s
<br /> Osed ol Trusf ahell be glven by malNnQ such notice by coRifled mell,reium receJpt requested addressed fo Trua�tor ef Jfe ma/11np
<br /> __ _— address sef/orlh abnve or ef such ofher eddresa es Tiva►or may das/gnafe by nW�e fa 8anellclary as provldnd hereln,end{b)nny
<br /> nodce to Bene/Ic/ary or Tivatae ahell be g(ven by ceAll/ed mall,return reoelpt requested,to Benellclary's end Tiustee's meUing ..
<br /> " � pddress stated hereln or ro such other eddress as Benelklery or Tiustee mey deslgnate by nollce to Tiustor as piovlded hereln.My `,��
<br /> nodce provlded lor!n thls Dead o/Truat ahell be deemed to hava bean plven to Tiustoi Benellclary or Tiustee when plven!n the �
<br /> m�nn�r des/gnefed hereln. ;�
<br /> ?�, Qoveming Law;Severablllry.This Deed o�Trust shall be poverned by the laws o!the Stete o/Nebraske.In the event any provlslon or
<br /> �� ' clause o/this Deed o/Truaf conNlcts wlth appdceble law,such conlllct shell not aNect other provlslons o/thls Deed o/Tiust whlch cen ;;,,.
<br /> , . �� be glven eHect w/thouf Ihe aonNlcNng p�ovlslons and to thls end the provislons ol fhfs Deed oI Trust are decleied to be seve►a61e.
<br /> � ' 2S. Events ol Delault.Eaah of ths►ollowlnp occunences shall consHtute an event o/delault hereunder,(herelnaUer called an"Event „ ^
<br /> �' ot Defaufl"): ,r.
<br /> ; , (a) Tiustor shall/all to pay when due any pnnclpal,interest or princlpa/and interest on the Indebtedness, ,._:i
<br /> •�:.� (b) My wananty oJ t/fle medQ by Trustor herein shall be unhue,
<br /> � • (c) Tiustor shall 1a11 to obaerve or perlorm any ot the covenants,agreemenls,or conditions in►h!s Deed ol Trust,
<br /> ' �� :� � �_� (d) Any representatlon or we7anty made by Trusror on any linanclal stetements or ieporis submitted fo Bene!!clary by or on behall ol
<br /> " Tiustor shall prove lalse or meterially muleading,
<br /> ' (e) Trustor shall falJ to pe►lorm or observe any ol the covenanfs,conditlons or agreements contained!n,or binding upon Tiustor under
<br /> . , any bullding loen agroement,secunfy agreement,loen agreement,l�nancing ste►ement,or any olher egreement,lnshument a ,
<br /> • doCUment exeCUted by Tiusfor in connection with fhe loan ev�denr.ad ny►hA Nofe,
<br /> ' (/) A trustee,recelvei or llquldator ol the Trust Property or o►Trustor shafl be appointed.or eny o�the creditors ol riustor shall l/fe a
<br /> petition in bankruptcy egeinst Trusta, or for the reorgan¢ation ol Trustor pursuant to the Fede►a/Bankruptcy C�de,o►any simila� �
<br /> law,whefher lederal or stafe,and d such order or petition shall not 6e discharged o►dlsm(ssed withln thlrry(30)days alte►lhe date �
<br /> on whlch such o�der or peNflon was liled,
<br /> (p) Trustor shall Hle a petltlon pursuant to the Federal8enkruptcy Code cr any similar law,lederal or state,or i1 Tiustor shel!be E
<br /> . ad/udged a bankn�pt,or be declared insolven�, or shall make an assignment/o►fhe benelit of cieditors,or sha//admit in writlng its �
<br /> . , lnablliry to pay Its debt8 as they become due,or shall consent to the appomtment ol a rece�ver o/aN o►any part of the Trust Property, �
<br /> , � (h) F►nal Judgment/or►:ie payment ol money shall be rendered againsf Trustor and Trustor shall not discharge the same,or ceuse!t to I
<br /> ' � be discharged,withln th�rty(301 deys after the entry thoreo%or shall nof appeal there/iom or lrom the order,decree or process upon �
<br /> , ' • whlch or pursuent ro which said judgrnent was granfed,besed,or entered,and secure a stay ol execullon pendmg such eppeaf,
<br /> • (i) Trustor shall sell o�convoy the Trust Property,or any part thereof,or any�nterest therein,or shall be diveated of ifs title,or any inte►est
<br /> � thereln,In any manner or way,wherher voluntadly or mvoluntanly,wifhout the wr�fen consent o/Bene%ciary being lirst had and ,
<br /> . obtalned,o�
<br /> (j) ll Tiustorls a corpaeflon or pertnershlp end more then fifty percent(50°0)ol the shares or benehcia!mterests in such corporaUon or
<br /> ; partnership,as Uie Cnse may be,shel!be frenslerred or conveyed, whether voluntanf y o►mvolunfanly, wifhouf the wntten Consenf of '
<br /> � • Beneliclary bemg Insf had anU obtamed. �
<br /> ' 26. ACCeferation ol Deb►;Fo�oclosure.Upon�he occurrence ol any Event ol Delault,or any hme thereafler. Benel�asry may,at its opt�on,
<br /> dec/a►e all the Indebtedness securod hereby�mmediately due and payable and the same shall bear mferesf at the de�ault rate,d any,
<br /> , set/oRh m the Nofe,or othe►wise at fhe h�ghesf rafe peimrtted by law,and.nrespect�ve of whefher Benef�c�ary exerc�ses sa�d ophon,it
<br /> � may,at Its option end�n ifs sole dlscrebon,w�thouf any IuAher nohce or demand fo or upon T�ustor,do one or more of fhe lollowmg;
<br /> .. ;�. , ._ (a) 8ene/iciary may entor up�n,take possess�on ol, menage and operate�he Irust Propertyor any part thereol,•make repans and
<br /> — � ' arte�aaons and ao any ac�s wnicn denenc►ary eeems proper to protect tne secunty thereo%and e�ther wnh o►without taking
<br /> b possession,in its own neme,sue lor or ofhenvise co/lect ond rece►ve rents.�ssues and prol�ts.�ncludmg those past due and unpaid,
<br /> . i i , and apply Ihe same,lass cosfs end expenses oi opera�ion end collection,mcluding reasonable ettorney fees and Benelicrary's
<br /> ;�� � � i ; ' costs,upon the Indoblodness secured hereby and rn such ord�r as Benelic�ary may defermme. Upon request ol Beneliciary.Tiusfor
<br /> i` shall assemble and shall make avadable to 9ene/iaary any ol the Trusf Properry which has been removed. The ente►ing upon and
<br /> t• . • leking possession ol ff�e trust Property.fhe collechon ol eny rents. Issues end prolds,end the application thereof as afo►esaid,shall
<br /> +� not Cu►e a waive 8ny dofault thereto/ore or thereaRer occumng,or aHect any notice of de/ault or noUce of sale hereunder or
<br /> � t ��'� • Invalldate any act done pwsuant to any such notice. Notwithstanding Beneficlary's continuance in possession or receipt and
<br /> !� • • � �+, "' appllcation oi rents,issues o�prolits, Benefiaary shall be entitled fo exercise every right provlded for m this Oeed of Trust or by law
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<br /> �• upon or alter the occunence o�an Event ol pelault includmg the right fo exercise fhe power ol sale.Any oJ fhe achons re%rred fo in
<br /> � �. ,' ;.,' this peragraph may be taken by Benellciery at such t�me as BeneNclary may determine without regard to the adequacy ol any
<br /> , � ' �� secunty for the Indebtedness secured hereby. :
<br /> ,�- , . ' (G) Benelicia�y shell,willwu(regurd to fhe adequecy of any secunry for the Indeotedness secured hereby,be enht/ed b the '
<br /> ' • appolntment ol a recolvor by any court having jurisdicHon. wlthout notice,to teke possesslon ol,protect,and manage the Trust
<br /> � • Property and opera�n the seme and collect fhe rents.�ssues and piolifs therelrom.
<br /> (C) Bene/iciary may bnng any echon m any court of competont�urisdicfion to loreclose th�s Oeed o1 Trust or enlorce any ol the
<br /> covenants herool. '
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