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<br /> � - 91-- 1u8814
<br /> -i° tta Prop�rty t�w ak�n ar d�m�p�d,l.end�►�h�ll h�vs th�optlon,In Iq wt�end ab�olub dl�onlion,to apply�II wch P►oo«d�,
<br /> — �fb►d�duatlnp th�afrom�II ao�q and�xp�na�Inaurr�d by II In conn�atlon wlth euoh ProcMd�,upon�ny ind�bt�dnMS s�ow�d
<br /> h�r�by and In tuah ord�r��Lande m�y d�t�rmine,or to apply�II�uoh Procs�dt,aitn auoh G�duodon�,to ths�atondon of th�
<br /> � Prop�rty upon woh aondlpons as L�nder m�y d�termine.Any�ppllasuon of Proasds to Indebt�dnets rhall not�xhnd a patpon�
<br /> �,�,���� ths due dab of any paymenq und�r the Nob,or cun any dsl�ult thonundor or h�nunde.My unappll�d funds�II b�psid b
<br /> ---- Trwtor. —
<br /> A. P�eMtm�rto�by L�nd�r.Upon the oceur►ence of en Evont of Delault henunder,or If anq sat I�taken or Ispd proce�dinp
<br /> � - -- - -- - commenoed whfoh maWrielly Aftecl�Lender'a Interaat In the Property,Lender mey in ite own dlscretion,bat without obliqaeon to do
<br /> �" w,and without nodae to or d�mend upon Tru�tor and wllhout ruleaelnp Truttor Irom any oblipaUon,do any act whlch Trustor ho� �
<br /> �-�t �preed but falle to do and may aleo do any other act It deema necessery to protect the securiry hereof.Trustor sh�il,Immedlatsty
<br /> ---'.-:� upon demand therefor by Lender,pay to Lender all coyts And expeneea Incu�red And auma expondad by Lender in connection with _
<br /> _ __r�� the exercise by Lender of the lorepoinp rfphts,to�ether with intereat thereon at ihe default rete provided In the Note,whlch slwll bn —
<br /> - - edded to thq Indebtedneas wourad'hereby. LaAdar aholl not incur any IfabiNty beceuw of anythinQ it rtwy do or omN w do
<br /> -_ °�-=:F,.•; hereunder.
<br /> °r - ---- -�`�'••' 9. Hasardou�M�t��i�u.Truator shall keep the Property in compllance with all applicable laws,ordinances and reyulatione
<br /> _-= relednp to industdal hyplene or environmental protection(collectivaly referrad to herein es"Environmental Lawa"�.Trustor shall --.
<br /> -.�:��'ii2�;�:IJ,i i
<br /> _ - ��.->:r,�msa, keep the Property hea lrom ell substancea deemed to be hezardoua or toxlc under any EnvlronmeMal Lews(collecUvely refeRed to
<br /> ° T�:::�,�
<br /> � ����'• hereln as"Hazardous Meterlels").Truator hereby warraMs and repreaents to Lender that there are no Hnzardoue Matarfela on or �
<br /> =•-���4r±u:��'•���� under the Proparty.Truator hereby aprees to Indemniry and hotd harmlens Lender,its direcrors,oflicers,employees and ayante,a�d
<br /> ��_-��,�'�°:,, any euccHaaors to Lender's interest,lrom and apeinAt any and all claims,damagea,lossea end Nabilitlea erieinp In connectlon with __
<br /> �`��"'-= "'s the presence,use,diaposel or transport ol any Hezardous Materlais o�, under,from or ebout the PropeAy.THE FORE(301N0
<br /> �F:��r�s
<br /> - �,.._,,���� WARRANTI�S AND REPRESENTATIONg,AND TRUSTOR'S OBI.IflATI0N8 PURSUANT TO THE FORE(iOINOINOEMNITY,SHALL
<br /> - � -�-���'-`� SURVIVE RFCONVEYANGF OF THI3 OEEO OF TRU3T. �_�, .
<br /> ;y�-- - - - i..Zy
<br />;:;":•,;. � _,�V�,� 10. AsNpnmmt ol RNfh.Trustor hereby asaigns to Lender the rents,isauee end proilla oi the Property;provided that'fruator _
<br /> _�- _`,� shell,u�tll the occurrence o/en Event of Delault hereunder,heve the ripht to collect and retein euch rents,issues and prutNa as they �'
<br /> —_"°-��'�"�' ' become due and payable.Upon the occurrence of an Event of Oetault,Lender may,either in person or by agent,with or without =
<br /> -y� �� �"� � brinpf�p any actlon or proceedinp,or by a recelvor appolnted by e court and withput regard to ti�e adequacy ol its security,enter �:�
<br /> �;�.�`:��i+,„; "
<br /> _ _ _�.w�-,` upon and feke poesesalon ot the Property,or any parl thereof,in its own name or In the name ot the Truatee,end do eny acts which it
<br /> � �_�'�°;;;,'�� : deems necossery or deairable to presarve the value,ma�ketablliry or renlablliry o11he PropeAy,ar any paA lhereof or Interoat thereln,
<br /> ��-��i�R�••��•' increase the Income therelrom or protect the securiry horeol and,with a�without taking poaseasfon of the Property,sue tar a �-�
<br /> `�'l"'' otherwise collect the renta,issues and proilts thereoi, Including thoae past due and unpaid,and apply the same,less cosls and
<br /> :,�e�?,�,3.?:�i.'.:
<br /> _�.,:�;,,,��•:, .�, expenses ot operatlon and collectlon including attorneys'lees,upon any Indebtednesa secured hereby,ell In auch order as Lender
<br /> � " •�. mey dete►mine.The entering upon end taking poasdssion of the Property,the collection o1 auch rents,lasuee and prolits and the
<br /> :v�_ -�—_..m......�� -
<br /> �� +�. , applicatlan thereof as aforeaeid,ahall not cure or walve any delault or notice ot defauN hereunder or invalldate any act done fn __
<br />— '._'.�`���,' '°j.,� :.
<br /> �'�X����;��t+` reeponae to auch default or pursuant to such notice of delault and,natwithatandinp the conlinuanca in poasesalon of the Property a
<br /> __�--���::;�a�ti;rt..,�.:�,•,
<br /> -- �=s+���.�x,(, the collection,receipt end appllaation of rants,iesuea or proflta,and Trustee and Lender ahall be entitled to exerclse every 4fpht
<br /> ,j,� ; r'.�r��f;':+-•:-` provided for In eny of the Loan I�atruments or by iew upon occurrw�cn ui a��y Evsni a1 Dstauli,Includlnq ul;hou!!imltaUon the ripht
<br /> ��ss��.
<br /> ����- � � �`� to exarclse the power of sale.Further,Lender's rights and remedfea under this paragraph ehall be cumulative with,and in no way a
<br /> "11���'� � "�''` • Ilmitetion on,Lender'e rights and remedlee u�der any aselgnment ol leasea and rents reco�ded apalnst the Prope►ty.Lender,Trust�
<br /> •�:'a �.�•� o
<br /> _°_; �� and the recelver shall be IfaWe to eccount only lor those renls actually recelved.
<br /> -r�� a�` '.' ', ' • 11. EvMb ol DNwlt.The lollowinp ehall c�nstltute en Event af Deteult under ihls Deed o!Truet
<br /> '"-� •� (a) Fellure to pay eny Installment ol prfncipal or intereat ol any other aum aecured hereby when due; —
<br /> - ; � - �,f� , ;� (o) A breach of or delault under any provfalon contoinod In thv Nota,thU Oeed ot Tru9�any of the Loan Instruments,or ony
<br />_ ;, :,t` .,rt�° othar Uon or encumbrance upon the Property; �,:�-
<br /> ;�,` (c) A writ of exacutlon or attechment or ar�y a�mller procea4 chall bo Qnrered epafnst Truator which shall bocoma+�Ilen on —
<br /> = .� •� tha Property or any poAlon thereof or imereat therein;
<br /> ,� . °'75•• ' d�,�� (d) There ahell be liled by or egainel Truetor ar Borrower an action under any present or luture federal,stete or other
<br /> � -'��� " etatute,law or repulallon relatinp to bankruptcy.Insolvency or other rellel lor debtoro;or there ahall be appointed eny trustee,
<br /> " •- •�;' � �' �� �eceiver or Ilquidetor of Truator or Borrower or of nll or any part ol the Properly.o�the reM4,Isauea or proflts thereol,or Truitor
<br /> ., • ,r- . or Borrower�hell make eny general ass�gnment lor the benelit ol credllora;
<br /> �`�'�'�`::.� " (e) The sele,transfer,leaee.as�lgnment,conveyance or lurther encumbrance of ell or any pert ot or any f�tereat in the i^
<br /> ��^' ` Property,eNher volunWrlly or Involuntarlly, w�thout the express Nntlen consent of Lender; provided ihat Trustor ehall be
<br />-. poxmitted tv execute a lease of the PropeAy ther doea no�contefn en optfon to purchase and the term of whfch d000 not exceed --
<br /> . � .. one year, r� `
<br />- � .... -. . (Q Abandonment o1 the Prope►ry;or [
<br /> "-. a.�.•, . N Truetor Is not an Indivfdua�,the Isauance.aele,lrensler,aeafynment,conveyanae or encumbrance of morethen a totel '=_
<br /> tyR . .. (�1
<br /> .',�,.,.. �__---
<br /> 'r of perce�ri of(if a cor orallon)Ils Issued and outstendin stxk or(ff a parinership►a total of 50 percent of °�
<br /> �, ..;�k..^ p 9 C_=
<br /> :d' , � �c:�i,;�,�;'��.s pertnerahlp Intereats during the perfod thfa Deed of Trusf remelna a lien on the Properly. _.,_
<br /> a w,�+: 12. RNn�diM;AcaN�raQon Upon DN�utt.In the event ol any Event of Defaull Lender may,without notice except as requlred by
<br /> ;,'��;•: ':;>.,.,� ,
<br /> lew,declare all Indebtedneas secured hereby to be due and payable and the same shall thereupon become due and payabte � .
<br /> �=�'�'�•`• ,�. � wlthout a�y preaentment,demand,proteat or notice of any kfnd.ThereaRer Lender may: °,_�
<br /> � y�:: . . .
<br /> (a) Demend that Truatee exercise the POWER OF SALE granled herein.and Truatee ahall ihereafter ceuae Trustor's
<br /> ,,,.( ' Interest In the Properry to be aold and the proceeds to be diatrlbuted,aU 1n Ihe menner provided fn the Nebraeka Trust Deeds --W
<br /> .::. •,-��� Ac� u,.
<br /> , •_:;'�. �. _
<br /> ':+•,�; (b) Exerciae any end a:l ri�hts provided tor In eny ol the loen Instrumenfs or by iaw upon ocaurrence of any Eve�t of
<br /> f '�'� Oeleuitand
<br /> '•� ' `_
<br /> ,, , (c) Commenee an ectlon to foreclose thfa Deed of Trust as a moitgaye,appolnt a recelver,or spacflicelly enlorce eny of the
<br /> covenants hereof. ��
<br /> ' No remedy hereln con(erred upon or reserved to Trustee or Lender is Intended to be excluslve of any other remedy hereln,in the �+ ��
<br /> ti ' Loan Inatrumente or by law provfded or permftted,but oach ahall bo cumulative,shall be fn addition tc every other remedy gfven
<br /> � hereunder,In the Loan Instrumenta or now or hereaHer ex�stfng et law or In eqwry or by statute,end may be exarcised concurrently,
<br /> . . Independently or succeaslvely.
<br />_ � ,. ' 13. TrwtN.The Trustee mey reslgn at any lime without cause,and LPnder may et any tlme and wdhout cauae appolnt e
<br /> , succesaor or subalitute Trustee.7rustee shall not be liable to any party,mcluding w►thout Ilmitatlon Lender.Borrowar,7rustor or eny
<br /> � .• purchaeer ot the P►operty,lor any loss or damage unlesadue to recklesa or wfltful misconduct,and shell not be requtred to take eny �
<br /> fA.,�.,�,s,it.,;l•_� action in connectlon with the enforcement of this Deed of Trust unleas indemniffed, In wtitfng, tor all coeta.compenaetion or �
<br /> �_--_„___ "'_'_"_...�._��_"�_��'��:��..a�w........uti �.....�aut.... T..u�m mov hnr�nmaa nurr.haaer at env sele of the ProoerN IiudICl91 Ot . .
<br /> --- 071FItlllbOb t�111N�11110�VOYl1WV�Y�a�v���u�v�����... ' I�-����- 'r
<br /> °��;�•�� � under the power ot sale granted herein�;poetpone the eale of all or any port�on of the Properry.ae provided by law;or sell the (
<br /> ' ( . ''�•;t`��• ' Property as a whole,o►In aeparate parcels or lots at Tr�stee's discretlon. I.
<br /> �.,,�,; .. " .
<br /> • ''x�t;�,� 14. F�and Exp�n�.In the event Trustee sells the Properry by exert�se of power of sale.Truatee ahall be entitled to apply
<br /> •'rt � ,�:��':1;��:?:.... eny sale proceeds lfrst to payment of all costs and e�penses of exerc�sfng power ol sale.Including all 7ruste�s leea,and lender'a 4
<br /> ' � "•'��: =-'�ttir4� � and Truatee's etlorney's lees,actually Incurred lo exlent perminaJ by appticabte law.In the evont Bor:c:.c:;.r Trustor exerelaes eny
<br /> � ��., '
<br /> ' •,�J���. right provided by law to Cure en Event of Qeieult,Lender shall be entitlod to recover irom 7ruslor all costs and expensea ectually
<br /> . incurred as a result of Trustor's defeult.inCludinq wfthout Ilmftation ell Trustee's and atlorney's tees,to the extent permitled by j
<br /> � . appllCable law.
<br /> 16. Futur�Advanch. Upon requeat of Borrower,Lender may,at fts opUOn, make edditfonal bnd future advences and re-
<br /> • . ; '" � � advences to Borrower.Such advancea and readvances,with Interest thereon,shall be secured by thfs Deed of Truat.At no tlme shall
<br /> the principel amount ol the fndobtednees secured by thfe Deed of Trust, ot Includlng sums advanced to protect the securlty of thls
<br /> " , Deed of True4 exceed the orl�Inel prfnafpel amount steted herein,dr S�50.OOO.DO whlChever 1s greater.
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