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<br /> t �""' th�Prop�rty I��o t�kon or d�m�p�d.L�nd�r�h�ll hw�thA opt�an.In iq sola and�bsolut�dl�crollon,to apply o11�uch P►ocNd�. =__-
<br /> �•;} sfler deducGnp th�nlrpm dl cosu end expenws inaurr�d by It+n cannaotlpn wlth wch Proce�d�,upon�ny Irtdobbdn�s�Neund
<br /> •�, �_ hereby and In wch arder��L�nd�r may determi�s,or to app{y all�uah Pranesd�.�tter�uah d�ducuons,to Iho n�tor�UOn ol tM �L���
<br /> . • •.+ • P�ope►ty upon euch condlllon�ae Lender mpy determine.Any eppl�GAt�pn ot Prqawd�to indebtsdne�a fhall not oxt�nd or po�tpon� ��°
<br /> ' Ih�duo date ol any p�ymont�un�ar the Nota,er cura any del�ull tharqundnr or harqundar.Any unwppllod lund��f+�ll W pald to '•-•--
<br /> , ;,�.. . ... ��
<br /> � T►u�tor. _
<br /> , ^ . 8. P�Aomnne�br L�nd�r.Upon tha occurrenca ot en fivent al Delault h�reundAr,or 11 any act u teken or laysl proco�dlnp y__ _ __ ___
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<br /> '�• commenced which m�teri�lly aHects Lender's intereat�n Iha Property.l.ende�mNy In�t8 own diacreban.b:�t wilhuut ohl�pollon to da �_
<br /> � so,and wlthout notfce to or demand upon Trustor and wlthout ryleaefnp Truptar lrom any obt�palion,da any act whfch Trueto�hp� ��
<br /> � ,� .: � npreed but fetls to do a�d may alfo do any other ect u deemd neoeesary tp prqt�ct lh�secuny heraol Tru�tor�hall,immadil�tp{y ��___
<br />- • ' ' , upon demand therefor by LendAr,pay!o Lender ell cosls and expeneas�naur�ed and 9um9 e�pe�nded bY lander in conneeUOn wlth �,,,,, ��:��
<br /> ��•• thd exerclse by Lender ot Ihe fqragal�g nghta,topether wflh mlAreet thprqan at the dafAUll�ate provlded►n the Nate,whfch ahall b�+ �����_r---�-
<br /> � � edtled to the Indebtedness seourqd hereby Lender ahHll npt inour eny U�b�lity b�oaur�e of anythmp it moy do or omit to do �,=_=��� �
<br /> ' •� hereunder. �
<br /> � 9. Ha=�rdou�M�t�d�N.Truetor hhpll keep the Prqperty in compliance wdh ell appllpable taws.ordinences end regutatlonr — -- _
<br /> ' � relating to Industrlal hyqfene o�env�r4nmental prolecllan(aollecUvely r�larred to hareln as"Envlrqnmentel Lews"1.Truator shall _ --
<br /> �• .. ' keep the?roperty lree from ad subatancas deemAd to be hazardous or tax�c under any Env�ronmantel Laws(collectfvely reterred to
<br /> � • ,: hereln as"Hazerdoua MatarlalE�").Truatar hareby warr�nla and repr9sant9 to Lender thet Ihare are no Hazardous Materlals on or :
<br /> ,� . . under the Property.Trustar hernby agrees lo�ndamnity and ha►d harmlas9 4ender,�ta dlrwatars.oN�cers,employees and agants.and ;`����=
<br /> � any succeasoro to Lender's mlerast Irom and agam8t any and all clalma.damagee,losaes and l�abd�aes ansing m cunnactfon with ; ;r ��
<br /> ' . , ihe presence,use,dlaponal er tranaport ol any Hazardoue Matanale on,under,Irqm or about the Property-THfs POFiE(3QINR� '=-
<br /> WARRANTIHS AND REPRESENTATIONS,AND TRUSTOR'3 OBWGATIUNS PURSUANT TO THE FORE(301NG INDEMNITY,3NAI.1.� .-�t�,�•--•�'z'"`
<br /> . � �1`„�.'�",`T._
<br /> ' � �� SURVIVE R�CONVEYANCE OF THIS DEED OF TNU$T =:T,-�.-,- -��=
<br /> i`, ;;'�i�'. �,� '„ � 10. M�IQnm�nl of R�M�.Truator hereby asslgn8 tp Lenddr the renta.�asuea and prqhta of�he Proparty;provided thet Trustpr . , _
<br /> �h;�,<� �"' shatl,untfl the xcurrence ot an Event ol Delault hereunder,have the r�gM�o caHaot and�etain such rente,iasues and prulits as Ihey
<br /> ' �t•,�1'�_ '��-,l��..
<br /> !��•`,s;,��r, become due and payable.Upon the occurrence ol an Event of Qelault.Lender may.eithar In person or by Agent,wlth or without !i'� ' "� A 1. .,'
<br /> ,� ; ; �. -� bringing any ectfon or proceedinp,or by a reoeiver appainfed by a court and wilhout rygard to tiio adequacy ol ds security.enter ; ��: _
<br /> • , . �,�,; upon and teke posseasion of 1he Property-or any part thereof,In Ife own nAme or m tha name ol tha Trubtpe.and do any acts whfch it ,�sr�� �- �_
<br /> deems necossary or desf�eble to presen�e'he+alue,marketablldy ar rentabi4ly ol the Pwperry.or any part thereot or interest Iherein, -��;;`_�_
<br /> �--�----
<br />�:: � : ' ' `� inuease the Income therattom or prqtect the securfry horeot and,wlth or+��thout taking poesess�an of the Property,sue for or •••;�,_
<br /> � + .. ' ���''••''1�'�'�' otherwise coll8ct the rents.�ssuea and Frotils thereof,mcludmg thase pa9t due and�inpaid,and apply the same,leas costs and ~'$•-�''"-"-
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<br />',,;, , ,�r,�,. expenses of operation and colldctian mcluding atlorneys'fees.upon any�ndebtednoas secured hereby,all in such arder es Lender j.;r, ,�,��;
<br /> may determine.The entering upon and;aking possnas�on al tha Properry.the collaation ol such rents.�saues and protits and the :;+i�;;.�
<br /> ��, � % ' appNcatlon thereol as atoresaid,shall nat cur4 or walve eny detault or rot�ce ol detault hereunder or invalidete any act done in ,�x� -
<br /> . reaponse to such delault or pureuant to such nntice of default and,natw�thatanding the continuance fn possession ol the P�operly or 'r,.r.=••.l��1 �.
<br /> '� � -�n„-=— iha cotlactior.,raccipt and spFl���i�o^et!en!e.�ast�eF�r pmtNS.and Tn�stee and Lander shall be enlitled Io exerase every right _ _ ��_;�,���
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<br /> �,•;,.•; A�•��„ � provlded for in any ol the loaa lnatrurrerna or by law upnn occurrence of any Event of Delaull,includmg M�thout I�muanon tne nghl :�.�.�f;�:�__
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<br /> • ' to exsrCiae tlie power ol sald.Further,Lentler's righta and•emed�es under thfs peragrpph shall be cumulalive with,and in no way a -�.��
<br /> ��'''�'' • Hmllation on,Lender's rlgMs and�emedie&under any ass�pnment of�eases and renta reaorded against the Property.Lender,Trustee •,;c„- r��',�-P�
<br /> ' ' • and 1he recoiver shall be liable to account only tor those tenta actua��y received. `��,t`�;��;.;-�;
<br /> ' ' ' � 1 t. Ewnts of Oafaull.The lollowmg afial: c�nstitute an Event ot De1auN under th�s Deed of Trust �a•>�r ,
<br /> __ � � (o) �a�lu�o iv j7:j 8R� tn���ll...an�n1 nnnri�ai rn�ntarpst ot arn• other sum secured hereby when due: , °
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<br /> . , (q) A breach ot or delault under any prowsion conta�ned�n the Note,this Daed o1 Truat,any ol lhe loan Inalrumems,or any i , ��.• •
<br /> other lien or encumbranca upon the Property; t
<br /> (c) A writ ol executfon or atlachment or ar�y sim�lar process shall be entered against Trustor whfch shall become a lien on . . ,, ,
<br /> the Property or eny portmn thereof or interest therem: .
<br /> � (d► There ehall be tded by or ageinst Truator or Borrowor an actlon under any present or future lederal,stete or other �j�±-_� T
<br /> " atelute,law or regulatlon relating to bankruptcy.�nsolvency or other rel�ef lor deblors.or there shall be appomted any truateo, .�,:�'�.
<br /> receP�er or Ifqwdator of Trustor or Borrowe�or o1 all or any part of the Property.o•the renls,isauee or prolits thereol,or 7rustor � �� -
<br /> • '=:� or Borrower shell make any general assignment lor the beneld of creditora; -V.0
<br /> .._..�.,
<br /> ;:,.�;:,; (e) The sale, transter,lease,assignment.conveyance ar lu►ther encumbrance of etl or any pan ol or any Interest in the _
<br /> • • . Property,either volunlarily or involunlanly, without the express Hririen consent of lender, provided lhst Trustor ahell be ` �
<br /> ; permitlAd to execute a IeASe ol tha Property that doee not con�a�n an opUon to purchase and the term ol wh�ch dces not exceed ' �"
<br /> � . �.�; ,..
<br /> ,. ��� � ` oneyear: �. •, �.
<br /> ' • ' (� Abandonmenl ol the Frope�ty:or
<br /> u. ;,;:�.,... � ,�;,,iiF.
<br /> (p) 11 Truator is not an ind�vldua�.the issuance.sale,transter,ass�gnment,conveyance or encumbrance of mare than a totel , ��fi` ,
<br /> ,r'.,. .�...
<br /> `. �,:�••.. ,. • ,�,
<br /> ,�yi,.,:�:, - ot perCe�it of(if a corporaUon)ds issued and outstandmg atock or��f a partner9hip�a total of ___perCent of ;, �;_�'�'q',°�=
<br /> peAne�shlp Intere918 dunrtg the penod this Deed ol Trust remains e lien on the Proporty. ����� " �"""
<br /> � ' � • 12. R�m�dler,AccN�raUon Upon D�fault.In the event of any Event o1 De�ault Lender may,without notice except as�equited by ' t��,
<br /> � � ��� ' law, deClare all indebtedness secured hereby to be d�e and payable and the same ahall thareupon becomo due and payable ► ...;�`
<br /> � � � `:' `t���,'�•� wfthout any preaentment,demand,protest or nodce ot any k�nd Therea8er Lender may
<br /> � ��'� • (a) Demand that Trustee exerc�se the POWER OF SALE grented herein, and Trustee snoll thereafler cauae Trustor's .
<br /> , �ntereet In the Property tc be sold and the proceeds to be distrlbuted.all m Iho rranner prov�dod m!ha�Jeb�aska Trusl DeedB
<br /> Ack
<br /> (b) Exercise any and a.l nyhls provided lor in any ol lhe Loa�i InStruments or by law upon occurrence of arty Event ot
<br /> � • Defauit;and '
<br /> � � � � (c) Commence an nct�on to loreclose Ih�s Deod ot Trust as a mo�tgage.appo�nt a reco�ver,o+spec�l�cally enforce any o'the
<br /> �
<br /> "' covenenta hereot .
<br /> � � No remedy herein conlerred upon or reservad to Trustee or I,ender�s intendud to be excius�ve ol any other remedy herem,�n Ihe
<br /> ;,;1 `' ,
<br /> Loan Instruments or by law p*ov�ded or pormitted,but eaeh shau be cumuiat�ve shau be�n add�UOn tc every other�emedy g�ve�
<br /> hereunder,�n the loan Instruments or now or nereaftor ex�st�nfl c�t iaw or�n eqwty or by�tat�,te,and may be exerc�sed concurrently,
<br /> independently or succeasiveiy •
<br /> � 13. Tru�tae. The Trustee rnoy res��,�n at any t�me w�thout causr,dnd LPnde� n�ay a+any I����e3 a�d w�lho.�t cau3e Appo�nt a
<br /> � p,• , succes9or or subsUtule Trustee Trustee ahall not be I�abie to any party-includmg w�tho�t hmdabon Lender,Oorrow2r.�rustcr or any
<br /> purchaser ot the Prope�ry.�or any loss or damage�nless due to reckless or wilNui m�scontluct.�nd 3hn�l not be ieqwred to take any
<br /> . m _ acUOn in connacuon wdh Ihe enforcomant o1 th�s Doed ol Trust uNess mdemnif�ed. m wrihng, for all costa, compensation or
<br /> . ���
<br /> expenses whlch may be essoc�ated tneiewrtn �n acld�tw��.��ua�Na m�+y L•�:.J�d n pur.:�::;.;:��+�•���c.i:::.�:�=�' �"'i i:�`���`••''•�
<br /> under the powor ol sAle g►entec�hore�n�,pustpono the salc o1 nu or any port�on of Ir�o Prooerty. as p�ov�ded by law,or sell tho
<br /> Property as a whole. o��n separate parceis or iots at Tr�stee�s d�screnon
<br /> 14. Fo��and Expon���.In the event T�ustee sulis the Property by exerc�se of nuwer ol sale.Trustee snall bo ent�tled to apply
<br /> anv sale oroceeds I�rst to pavment o�a�l cosls and azpen�es pl pKBrC�Sing powe�ol sale �nclud�ng a�l Truste3's fees,and Lender's
<br /> .... .................,.��...,
<br /> ' endTruete@'sattorney'Blees.eCWallyincurredtoextenlpa�m�ueanyauV����u���aw ���iiicu.a..�•:.�'..:���:•�'.. ��•- - ^ - -- •
<br /> rlght prov�ded by iaw to cure an�ve��t of Defau4.Le��der shall be enu0ed lo�ecovei�rom'irustor all costs and erpen,es actually
<br /> incurred ea a result of Trustor's deiault. �nciudmg w�tnuut I�m�taUOn a�� Tiustee s and:►ttv�ney s fees. to the extent pe�m�ttPd by
<br /> appUcable law.
<br /> 15. Futur�Advanc�s. Upon requast ol Borrower.Lende� may. ��t ds opGOn. m;tk�� ,iddd�ont�l�nd �uture advances and re-
<br /> adv8nces to Borrowor Such advanCes and readv�nces.w�th interest the�eo��.5hall be gec���ed by this Deetl uf Trust Af no t�me sha�l
<br /> the pnncipal amount ol lhe mdebtedness securad by Ih�s Oeed ot irust,not�nciud�ny su�ns advanCed tu protect tht securdy o�tms
<br /> Deed ol Trust,exteed lhe orlflinal pnncipal em0unt stateJ herein.ur$ ,whichever �s yreater
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