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<br /> - - q�d�uaUnp th�rNrom al�cost9i md•xp�nr�incurr�d by�n�c nn�oeon wlth wchProcdi�ds,u�pon�ny�in�y pd�badn�Mcu���
<br /> � �J� Mnby�nd in woh ordN�Ys L�nd�r m�y Mt�rmin�,or to wpply�II woh P►oc«d�.�R�r�uah d«lucllons,to th�r«toraYOn of tM
<br /> � Prop�Ry upon wch condiGons at L�nd�r nu�y dNKmin�.Any�ppltcaUon ol ProcNd�W ind�bt�dn�u�hall not�xt�nd a poNPast
<br /> _���'_�"' '� th�dw dat�nf�ny psym�nts und�r�h�Not�,or cun any dNault th�r�und�r or h�nundN.Any u�appll�d iunds�hall b�paid W
<br /> ; T�wtot.
<br /> -' ' B. f�ea�by L�t�d�r.Upo�th�oocurr�nc�of an Ev�nt of Whult 1�ewnd�,or il�ny�at Is nk�n a I�pRt procMdl�p
<br /> • �,:`':.. .":""'�� comm�na�d which n►aUrfally�8�ct�L�nWr'��nt�rnt tn th�Prop�rty.Landor may In Itt own dlacntlon,but wlthnut obllpallon!q do ---.
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<br /> ���� �o,�nd without�odc�to or d�mand upon Tru�tor�nd wlthout nlMtinp Tru�tor trom Rny obtiqadon,do�ny�ct whiCh Tru��cr tui�
<br /> - �:��s. ;=;.,;�� �qrMd but Iali�to do and m�y�Uo do any othn sct It dNm�n�c�Ntry to pr�tect�h�s�curly h�r�ol.Tru�tor�hait,Imm�dtstNy
<br /> "`�`'''"'n uDOn d�mand th�rNor by l�nd�r,pay W L�nd�r ell cos1��nd�xp�nfM Incurred�nd�um��xp�nd�d by L�nd�r In conn�adon wfth
<br /> ' ' =�•.�•�i?=. , �th�r wlth Int�r��f th�r�on�t th�dN�ult r�t�provid�d In th�Nob,whtah�hail b�
<br /> �'"''""' " ths�x�rclN by L�nder of th�tonpotnp rfphta,top
<br /> "`-R�'�'���������� add�d to th�tnd�bt�dnas Ncund h�nby. land�► �ha��not Incur any H�blilty t»caus�of anythinp It may do or omit to do
<br /> �'••.�-,_�.._ . •
<br /> +w,�uns:,t,� hK�und�r.
<br /> —..d.,�_.a__„ • �-•-� �, H���ous Msl�riaN.Tru�tor thelt kwp the Property in complimc�wlth NI appllcabi�taw�,ordlmnc���nd rpulaUont
<br /> ��c relatinq to Industrl�l hyplene or�nvironm�nt�i prot�ctlon (coltectlwly r�l�rrsd to h�nin ai"Environm�nud Lawa"►.Tru�tor shali
<br /> "�' ` ' kMp ths Propsrtyr ins irom�II sub�tanc��dNm�d to bs hazerdous or toxic under any Environm�ntal Laws(coitectively nl�rred to
<br /> "'`-d'�;•1•`��, _ herein a�"Hazardous Mat�riai�").T�u�tor h�nby warrsnts md represents to Lender thet thore are no Haiardous Materl�is on or
<br /> ,:�,.;�?
<br /> �"�' under th�Propsrty.7�u�tor hereby a�rse�to indemnify and hoid harmless Lender,ita directors,oflicsn,employws�nd apenu,and
<br /> ,;��� � � ' any succeuon to Lender's Int�rqt,}rom�nd a�afntt any and ali claims,dama�e�,losses�nd Itebflitiss�rl�inp fn conneation with
<br /> � ����;�' the pres�nce,use,dispo�ai or tran�pon ot any Huardou�Materlals on,under,f�om or about the Property.THH FORHti01N(i �„�r
<br /> "�'�� �' WARRANTIES ANO REPRESENTATIONS,AND TRUSTOR'3 OBLIOATiON3 PURBUANT TO THE FORECiOINCi INDEMNITY,t3HALL
<br /> "' `� ' � SURVIVE RECONYEYANCE OF THlS DEED OF TRUST. �__
<br /> � , 10. Assiynm�nt M R�nb.Yrustor hereby assigns to L.ender the rents,isw�s end profib ot the Prop�rry:pravided that Yrustor �
<br /> =,• � sh�il,unttl the xcurrence ot an Event of Default hereunder,have the riqht to coil�ct and retain such renta,i�sues and profib as they _
<br /> . b ny np any acton8oaproceped np,o�by a receiver eppointed byatco'urt endewl hout�elpard to he edequacy of it�ecu Ity,ienter __
<br /> - ` upon and take pos�euion ot the Propsrty,or any part thereof,tn Ita own neme or in the name of the Trustee,and do any acb which It _
<br /> deems necesaary or desirabie to pre�erve the value,marketebfiity or rentablilty ot the Property,or any part thereot or Interoat thereln, -.�
<br /> increase the Income theretrom or protect the security horeof and,with or without takinq posaesslon of the Property,tue for or -
<br /> othervvise coliect the rents,Issuea and protits thereof,inc�uding thoee past due and unpald,and appiy the same,Ieas co�ts end
<br /> expenaea of op�ration and collection Inctudinp attorneya'fees,upon any indebtedness secured h�reby,ali In 4uch order as Lender _-
<br /> msy determine.The enteriny upon and takfnp possession of the Property,the coliection of such rents,issues and protita and the _
<br /> application thereof as aforeaald,ahali nat cure or walve any defauit or notice of defau�t hereunder or invatidete any aCt done In _
<br /> . • • re�DOnse to such defauit or pursuant to such notfce oi detault and,notwfthatandlnp the contlnuance in posaesslon of the Property or
<br /> the collecUon,receipt and eppucat�on ot rems,iaaua�u� pIJ�ilb,and Truc:��a^a!�"`��='��h���~wnNtlAel tA BYBlCIBe 8V@�y fIQM _
<br /> __� T . provlded for in any of the Loan Inatrumenta or by taw upon occurrence oi e�iy Event of Detaul2,lndndlnQ s�!lhuu!limitation thw right �
<br /> __.. _..._ _._.. ..
<br /> to exercise the power of aele.Further,Lender'a rights and remedies undor thls paraqraph shait be cumulative wlth,L�nder,T uat e �'�"�
<br /> �Imitation on,Lendar's rl�hts and remediea under any asalpnment ot leasea snd rents recorded ayalnet the Property. --,
<br /> end the recelver shali be Ilable to account only for those rents aclually recaived,
<br /> 11. Ev�nts of DN�ulf.The following shali constitute an Event of Detault under this Deed of Trust ■,�.,,
<br /> .� (a) Failure to pay any Insteilment of princlpai or interest of any other sum secured hereby when due; �='
<br /> (b� A breach of or detault under any provislon contalned in the Note,this Deed of Trust,any of the Loan Inatruments,ar any •
<br /> other Ilen or encumbrance upon tha Property; �__
<br /> (c) A w�it ot execution or attachment ar any almliar process ahail be entered ayalnst'trustor whlch shail baoome a iien on
<br />- the Property or any portion thereof or fnterest thereln; ���.'��
<br />;= � (d) There shail be fiied by or ayainst Truator or Borrower an actio�under any present or future(ederal,state or other �,;;_
<br /> statute,taw or repuiatfon reletinp to bankruptcy,inso�vency or other rellef tor debtors;or there sheit be appointed any trustee.
<br /> � receiver or tiqufdator of firustor or Borrower or of a1i or eny part ot the Property,or the rentB,iasuea or proftts thereof,or Trustor
<br /> or Borrower ahell make any�enerai assipnment tor the benefft ot creditors;
<br /> � (e) The saie,transter,lease,aastgnment,conveyance or further encumb�ance o1 alt or any part oi or any interest in the
<br /> Property.elther votuntarlly or Involuntarliy, without the express written consent of Lender: provlded that Trustar shall be
<br /> permitted to execute e leaae of the Property that does not contain an option to purchase and the term of which does not exceed ; . ,
<br /> one year; �
<br /> (Q Abandonment of the Property:or �
<br /> (y) It Truato�is not an Indivldual,the issuance.saie,transfer,aesipnment,conveyance orencumbrance of more than a totel
<br /> � of percent of(if a corporatlon)Its issued and outstanding stock or(�f a partnership)a totel of___. percent of ;
<br /> partnersfilp interests durinp the perlod this Deed ot Trust remains a lien on the Property. �
<br /> 1�, p�m�di�;AccN�ratbn Upon D�t�ult.In the event ot any Event of Detault Lender may,without notice except as requfred by
<br /> taw,declare att Indebtedness secured hereby to be due and payable and the same shali thereupon become due end peyabie �
<br /> without any presentment,demand,protest or notice of any kind.Thereaker Lender may:
<br /> ' (a) Oemand that T�ustee exerclae the POWER OF SALE granted herefn, and Trustee shalt thereaiter cause Trustor's ,
<br /> Interest in the Property to be aold and the proceeds to be distributed,aIi in the manner provided In the Nebruska 7ruat Oeed� •
<br /> Act;
<br /> ` (b) Exercise any and alt riphts provfded for in any of the Loan Instruments or by Iaw upon occurrence of any Event of
<br /> f Detauit;and
<br /> (c) Commence an actlon to foreciose this Oeed of Trust as a mortyage.appo�nt a receiver,or specifically entorce a�y of the
<br /> covenants hereof.
<br /> No remedy herein conterred upon or reuerved to Trustee or Lender ia intended to be excluswe of any ather remedy herein,in the
<br /> Loan Instruments or by Iaw provided or permitted,but each shali be cumulative,sheU be m addition to every other remedy gwen
<br /> hereunder,in the Loan(nstruments or now or hereafter existiny at law or in equ�ty or by statute.end may be exerCieed concurrentiy,
<br /> � � Independently or successiveiy.
<br /> • 13. Tru�tN.The Trustee may res�pn at any t�mo w�thout cause.and Lender may at any t�me and w�thout cause appoint a
<br /> i �uccessor or substitute Truatee.T�uste3e ahaii not be liableto any party.�ncludmg without iimitation Lender,Borrower.Trustor or any •
<br /> purCheser ot the Property,for any Ioas or damaqe untess due to reckless or wilitul m�sconduct,and ahall not be requfred to take any
<br /> � � actlon in connection with the entorcement ot thia Deed of Trust un�eas�ndemn�f�ed. �n wntinq,for ali costs.compensation or
<br /> i ��_..__......_. ..��.feA IM�rn�uith �n arld�tfOf1 Truatee mav become a purchaser at any saie of the Property Qudiciel or
<br /> � - �--.. expoi.v:�:����..��.a,....»..�,._._.__..._._... .
<br /> u�der the power of salQ granted here�n�;postpone tne aa�e of a�l or a�y portion ot the Property,as provided by taw:or sen cne
<br /> �. Property as a whole.or In aeperate parcets or lots at T►ustee's disctetion.
<br /> t4. FNS and Exp�ns��.In the event Trustee selis the Property by exerc�se of power�t sate,Trustee shalt be entitled to apply
<br /> �� any saie proceeds tlrst to payment of all costs and expenses ot exercis�np power of aate,includinq aIi Trustee's tees,and Lender's
<br /> and Trustee's attorney'a tees,ectually tncurred to extent perm�tted by applicable law.In the event Borrower or TrustOr exerc�ses 8ny
<br /> � rf9ht provided by law to cure an Event of Oefault,Lender ehaii be entitied to recover from Trustor all co�ta and expenses actualiy
<br /> , Incurred a0 a retuit ot Trustor's dviault,tnciudfnp without Ifmttation all Truttoe's and attorney's fees.to the extent permltted by
<br /> �ppilcable�aw.
<br /> 15. Futun Advanc�s. Upon request of Borrower, Lender may,at its optfon.make additionai and future advancea and re-
<br /> advance�to Borrower.Such advancea and readvances.with�nterest thereon,ahali be secured by this Oeed ot Trust.At no time shall
<br /> the principal emount ot tho fndobtedneaa secured by th�a Oeed of Truat,n4 includ�n suma advanced tu protect the wcurity ot this
<br /> • D�ed ot Trutt,axceed the orlpinal p�fncipal amount atated hereln,or S 9��000.�0 whichever ia flreater.
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