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<br /> -��"_.•.� �e. CownanaalTiwrarwMhRap�c�rot.,,�,.wrn�o�na►.p►�►w�94 r 1eQ.�a'7�6 ro►,h�u�,►.�r.�ory�.�r«;�
<br /> we►th n+tp�ct W any N�a�ol apaa!n tl��rwt P�op�rey�a'�nY PaMon thw�ol�w1MtMr tusN Na+�!a now a h�nalMr
<br /> -� NV ��W a P���l'P+�MYm�+►t.dlscount a advancv paym�nt ol rwU h�nundw!n�xc�ra ol nrN monfh,
<br /> �. (b) GncM a nmMnan df��.a aca�pf�rry car�lliMon�irnnln�tlon a aunand�r thrnd,a p�rnNt any w�M b aoow whlah Nnu1d
<br /> occw a,.nund.r ro nnNnara a c.rw.l eN.,.rn.�ofh�►fh.n M+n�lna0on Aor r►onwym.nr a nn►.
<br /> � - (o! ,�,n���j�Ma_n.K_►rdully�n»a.m.,o..ro nduc.an n►m awna,a,.nnw pay.or.a»�wnd.r�a a charp�any nn.wa piow.lon.
<br /> . ���/T,• . {���I�Yl/�II�NI�V� — _ .—__ —.
<br /> (d) Wifw any dNiult M�rwirW�►a brwch tMno/� -
<br /> ��� �tiw��Ihct a lm�rl�d»v�is�al�aior'a Int�ntt dwrw liKNr�P�P�Y�ub%ct�MNnb,a o�i�rp�th� �-
<br /> Y ,��F�''r�:i.�:Y.�re: po�ruan orinr.w.ta e.n.licr.►j►aunU►,or e- _s '
<br /> r:�"��'..'II�i�Y.��.`��. (n 5a1,aulpn�PradD�,mortQ�O�a otlNrwls�dtepa�ol,a�neumb�r/ri lntNwt tn any sald l�aa a any nnta,lisws.WoA'ts luuhp .�.�__,.,-�___-_
<br /> :���.°::',.m'-�'::t.,'=' ° or rridn�tMnunaNr.
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<br /> � �� ' 17. w.iwr a sraruw a umraao�,a.Tlm�ls ol tirs euancs In ail ol Truator'a oblJp�Uona and dutlwt Mnund�r.�nd b th��xtsnt pamlK�d ��z�--,W.....
<br /> ;��;;��f�p;� by i�w.Truator wdvet al!pns�nt or lutun shfut�a ol 11mltallona wld►nspsct to any debf,Wrnand a oblip�tbn a�cund h�nby�nd
<br /> =��� ((�� . . ,. - any�ctJon a procMdiny/or tho pwpos�o/onlorGnp thfa ONd ol Trust a�ny r�phtt a nmedNs cont�lnod hsn,ln. ����e.�-M.-
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<br /> ��`__r':!b .,i.C�K��'.':Y.f 4• •'�r �Y..�?.....-�.
<br /> -�— . r, 18. Assfp»meat of Deposlls.ln the event consfrucNon ot Jmprovem�nta!s contemplated by th�bsn erld�nced by ths Note ascurod
<br /> -�—i.�,,YL ;., . :_. fi• Nsnby,as addldortal secuNry therefore,Tiustor hereby hana/ers and as81Qna to Bonellc1ary,aN dpht,tltle and intenst to any urd aJJ _,;�;�:._
<br /> -'-`:' maUSa daposltod by a on behal!ot 1'iusta wlfh any clry.county,puWk body a a�ency,sanitary dlsMct.uGplty companY,and
<br /> ...
<br /> _+ .��:,::,..;. .�� . :� �: any other body w apenay,/or ihe Instal/atlon a to aecure the lnstaAAdon oI any t�dlity by 7rusta,pertalnlnp ro the Tnrst Propsrty. _
<br /> �•.--.:t:�.� •.; . %- .;, 1p, Corpwatl�on a Partnershlp Exlstence.N Tiustorls a capo�adon,peneral partnarshlp,a 1!mlted parme�ahlp,It w!I!do a!t things �;:.;,.-;.,--.�«
<br /> n -
<br /> ,. necersary to preserve!ts caporate a partn�nhlp ox/st�nca,a�th�caaa may bo,�nd a!!Nphts and pdvllQqea undor tha Nwa o/the �--y•�
<br /> -��- y stah of ltslncapaadon a apaMzatlon. —"%�=,—
<br /> r�� ''� 20. Fabearenco by BeneNciary Atot a Welver.Any fabearence by BernNclary in oxerclslnp any ri�ht or remedy bereunder,or oth�nvl� .:�,�..•
<br /> at/orded by appllcabte law,shul!not be a we�ver o�or preciude the exercise ot eny such riQht a remedy. The procurement of .�:�-.
<br /> � �• Inswen�ce a ihe payment vf texes or the dlsaharQe ot Jlens a charpes by Bene/iciary aha/l noi bs a walver o/BeneNclary's dpht ta ` . : ;_,.
<br /> eccolerate the matudty o�the lnd�brodrwas. '�, ..�.:::
<br /> 2 t. Remedles CumulaUve.AN renrsdles provided in thls Deed of Tiust are disdnct and cumuledve to any othe�dght a�amedy under thla �,
<br /> � Deod o�Trust a apbrdi�byl�w or+qutN,tnd may be exerclsed concunenGy,lndependenUy or successlvely. �'��`
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<br /> 22. Successors and Assigns 8ound;Jolnt and Several UaWilty;Capdons. The covenents end apreements herefn contained shelJ bind,and „
<br /> the d�hts hereunder sheU inure to,the iaspecttve auccessors and asslgns ot 8oneliclary, Tiustse,and Tiustoi.A!I covenants and � •`� _
<br /> apreements o/Tiusta shall be/dnt and severaL The capUons and headMgs of the pa►aprephs of thls Oeed o�Tiust are lor ;;s,��:� J
<br /> convenlence only and are not to be used to lnterpret or dellne the provlslons hereol. �, c.�•x."�`'__
<br /> ` 23. NoGce.Except for any nodce requlred under appNcaWe/aw to be Qlven!n another manner,(a)any noGce to Trustor provlded lorin thl8 --
<br /> • Deed of Trust shap be glven by malqng such noUce by ce►tlNed mall,return iecelpt�equested addressed to Trustor et Its malling . �'�"
<br /> ' address set forth above a at such other address as Tiustor msy deslgnate by notice to 8ene11clary as provlded hereln,and(b)any f.r� ;�_
<br /> noBce to BeneNclary w Trustee shall be given by cehiNed mall,retum recelpt requested,to BeneBciary's and Tiustee's mallln8 ..
<br /> � address stated here�n or ro such o[her address as Bene�ciary o►Trostea rnay�iseiy�nate by noilce fo Trustar�a J�fOVIdCd hEfEIA.Mjl ��- •
<br /> � nodce p�ovided lor U thls Deed o/Tinst sha/I be deemed to have been qlven to Tivator,Beneflclary or Trastee when/�lven!n the ��''� �—
<br /> i �11:
<br /> manner deslgnated hereln. • � . '� -•r:
<br /> 24. �oveming Law;Severabillty.This Deed of Trust shall be governed by the lews ot the State of Nebraska./n the event any provlslon or �
<br /> clause ot thls Deed o(rrost conJllcts with appllcable faw,such conlllct shaf!not aNect other provlslons of thfs Deed of Trust whlch can ,
<br /> be gJven eHect without the conlllctJng prov/slons and to thfs end the provlsions ot thls Deed o/Tiust are declared to be severeble.
<br /> 2b. Events ot Detault.Each of the/ollowing occ�nences shalf constitute an event of defeult hereunder,(herelna/ter called an"Event -:
<br /> . Of DefeUlt"): e .. �. 'a
<br /> � (a) Trustor shalt lell to pay when due any principal,lnterest,or principal end lnterest on the/ndebtedness, � �_
<br /> ' (b) My wanenty ot t(Ne made by Trustor ha�ein shall be unhue, ;;:.
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<br /> , (c) Trustoi shafl fait to observe or peNorm any o/the covenants,agreements,or cnndltions!n thls Deed o►Trust, i
<br /> � (d) My►epiesentatlon or wananty made by Tiustor on any/lnanclal statements or reports submlKed to 8ene/iclary by or on behal/ot 4
<br /> . 7rusta shall piove lalse or matedaily mislesding,
<br /> (e) Trustor shal!/ali to pedorm or observe any o/the covenants,condltlons or agreements contalned!n,or binding upon Trustor under � ,
<br /> any bullding losn agreement,seourity agreement,loan ag�eement,Jinancing statement,or any other agreement,Instiument or �,
<br /> dxument executed by Tiustorin connection wltn the/oan evldenced by the IVote, kr �
<br /> (() A trustee,receiver or liquidator o!the Trost Property or ol Trustor shall be sppolnted,or any o/the c�edltors ol Trustor shelf f!le a r
<br /> • petltion fn bankruptcy agalnst Trustor,a lor the reorganiza8on ol Tiustor pursuant to the federa!8ankruptcy Cade,�•pny similai
<br /> taw,whether federa!or state,and if such order a petiNon shall not be dlscharged or dismissed wlthln thirty(30)days aRer the date �
<br /> on whkh suCh order or petition was/iled,
<br /> (p) Trusto►shail Itte a petition pursuant to the Federe!Bankruptcy Code or any srmilar law,lederal or state,or i1 T�ustor shal!be
<br /> adJudged a benkrupt,or be decla►ed insotveni,or shal!meke en assignment lor the benelit of credltors,or shall admit tn wrlUng its
<br /> (nability to pay its debts as they become due,or shall consent to the appointment of a receiver ol al!or any paK ol the Tiust Property, •
<br /> (h) Flnat/udgment/or the payment ol money shal!be rende►ed agalnst Trustor and Trustor shalf not discharge the seme,or ceuse/t to
<br /> be dlscharged,withln thtrry(30)days aRer the entry thereof,or shall not appeal therefrom or Irom the order,deciee or process upon
<br /> whlch or pwsuant to which said judgment was granted,based,or entered,and secure s stey of axecution pending such appeat.
<br /> �• p) 7rustor shai!sell or convey the Tiust Property,or any peK thereol,or any Interest therein.or sha/!be divested of its tiUe,or any lnterest
<br /> thereln,in any manner or way,whethe�voluntarily or involuntarily,without the written consent ol Beneflclary being t/rst had and
<br /> . obtalned,or
<br /> � �) ll Trustor!s a corporetion or partnership and mo►e than fitty perceni(50%a)of the shares o�benef+c(a!interests In such corporatlon or
<br /> partnership,as the case may be,shalf be transfened or conveyed,whether voluntarity or involuntardy,without the wnKen Consent o/
<br /> _ Beneliclary being lirst had and obtained.
<br /> - 26. ACCeleratron ol Debt;ForeClosme.Upon the oCCUrrence of any Event of Dolault,or any trme theres/ter.Bertel�ciary may,at its option,
<br /> • decla�e s!J the/ndebtedness secured hereby immediately due and payabte and the same shall bear interest at the delault rate,d any.
<br /> set forth In the Note,or otherwise et the highest rate permitted by�ew,and,irrespechve ol whether 8enelic�ary exercises said option,it
<br /> � mey,et its optinn and in its sole discret�on, without any turther nobce or demand to or upon Tiustor,do one or more of the lollowing:
<br /> j (a) Beneficfary may enter upon,take possession o�,manage and operete the Trust Property or any pert thereoJ.•make repalrs and
<br /> elteratlons and do any acts which 8eneticiary deems proper to protect the securrty thereoi,and erther with or without taking
<br /> — .i ..:�e.....�..n.ne �,.o�n.n.nrha,w;ew cnllar.t anN rar.aive►enfs.issues tind DIOlitS.illCfUd�I1Q thOS@ pBSt du9 811d ullpeld,
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<br /> 1 • and apply the Same,less costs and expenses ot operahon and collection,includmg reasonab/e attorney/ees and 8eneticiary's
<br /> costs,upon tho Inde6tedness secured hereby end m such order as Benelic�ary may determine.l/pon request ol BeneJic�ary. 7iustor
<br /> � shalf assomb/e and sha!!make avadable to Benefrciary any o!the Trust Property which hes been removed. The enter�ng upon and
<br /> • teking possesslon of the Trust Pioperty, the collection ol eny rents,issues snd prolits.and the appficat�on thereo/as aloresaid,shal►
<br /> i. not Cure or walve any de/ault theretotore or thereelter oCCUrnng,or a!►ect any nobce of delault or notice ol sale hereunder or
<br /> � invalidate any act done pursuant to arry such notice.Nohvdhstanding Benehcrary's contmuance m possession or rece�pt and
<br /> application of rents.�SSUes or prolits,Beneficrery shalf be enhtJed to exerc�se every nght provided lo►rn th,s Deed ol Trust or by�aw
<br /> • i upon or eRer the occunence o/an Event of Default.mcludrng the nght to exercrse the power ol sele Any of the achons re�erred to m
<br /> , � th:s paragreph may be taken by 8eneficrory at such time as Hene%c�ery may dete�mme without reyu►d to the vdayuecy of any
<br /> secu►ity for the lndebteOness secured hereby.
<br /> � (b) BeneJictary shall,without regard to the adequacy of sny securiry/or the lndebtodness secured hereby,be enhtled to the
<br /> • appWntment o/a receive►by any court havmg�urrsdiction,wdhout nohce,to take possessron ol,protect,and menege tho Trust
<br /> Property and operate the same and collect Ihe►ents �ssues and prohts merelrom.
<br /> (c) Benelicrary may bnng any achon in any ceuK of competent�unsd�chon to foreclose thrs Deed o!Trust or enlorce any ol the
<br /> Covenants hereM. '
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