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<br /> Ih�Pto�rty N w rk�n a d�nNp�d���ndM NiW h�w 1M oplion,in Ib wl��nd�beolut�d1�orWon�10�ppllr INI�uoh Proa�ds.
<br /> Mw d��o1Mw Y��aom N!oorM snd�x�+«�p+ournd by tc in oonn�awan ww,woh Proowa,upon.ny irw.eMdr�s Mowrd
<br /> hK�b�t�nd In woh 0►dM N L�nd�r n+lly d�Nnnin�.Qr to apply all wOh PtacNdti NNr wCh dduoMonb 1�Ih�rMbntlon W th�
<br /> Prop�rb upon wot�oondNlon�M L�tMr nwy d�Mtmirn.My�DP��tbn of ProoMd�b k�bMdr�t MMII not�xMnd or poMpo��
<br /> Ih�dw dM�d any O�Y�M�^�tlN NoM.a aun�ny dN�ult IhM�ued�r or I�ww�d�r.Mtp uruipWl�d tw�ds d�W b�pNd b
<br /> Trwlor.����L�Ma uvon ati.ocourrmc.a.n�wn�a�wn�«,nd.r�or if�ny�at 1�hk�n a Mp�l PraoMdlnp
<br /> c�mm�nc�d whiah nwM►lally�fkcts L�ndK'�t Infwqt In th�Prop�ty,L�nd�r may In Ib own dlscr�tlon,but witl�out oblip�llon b do
<br /> �o.snd without notic�W ot d�mand upon Tru�tor�nd without rN�aain�i'ru�lor Irom iny obll�Uon,do any oct wh{ch TrusW+'h1�a
<br /> pn�d but hil�b do�nd m1�y ala do any otlN►�ot{t d«ms n�c�ry b prol�ot th�NcurHy hK�of.T�usta�h�tl.Imm�dl�Wy
<br /> upon dKnand th�rMor by L�rW�r,p�Y b L�nd�►al I co�b Mnd�xp�n�t 1 nournd�nd sum��xpMKl�d by Lmd�r In oom►�otlon wMh
<br /> th�vxKO1N by L�ndK dlh�lorpolnp rlphtr,topNh�r with Inbr��t th�rwn�t thed�t�ult►aM p►ovldW Inlh�Nob,whlah Miall b�
<br /> IKW�d b Mf� Ind�bMdnMS Naund hK�by. L�ndK�haU�W incur�ey Ii�b{lity t�caua�of mylhinp it rruy do o►omN b do
<br /> twnund�r.
<br /> _�,°-°—'.-- 9.11�Kdow MMnI�M.Trwto►�hall kNp tM Pro�rty in compllanc�wllh�II applicabN t�wi,adinanc�s�nd rpui�tiona
<br /> _-•_._.,,�
<br /> - -• - _°-� rNadnp W Indwuial hY91�na or�nWronrtf�tsl prot�cUon(coli�ctively rsfK��d to herein u"F.rwironm�ntal Lawt"�.Tru�tor shNl
<br /> -�W� kNp th�Prop�rty hM hom all wbstanc�s dNmW to b�huardoue or toxia uncNr�ny Environmrntal Laws(coll�ctlwly M�n�d b
<br /> MrNn as"Huardous M�hrl�ls'�.TrwWr h�nby warr�nb and npr�nb W L�r 1h�t thK��rw no Hwrdou�Maf�b on or
<br /> - , und�rth�Prop�rty.Trustor t��by aprNS to ind�mnly and hold h�rmi�sr L:�nd�r,II�dlncton,o8ic�n,emptoywsand sp�nb,snd
<br /> ,��I=��.-;5 � any succawn to L�nd�r's int�n��hom and�Inst iny�nd�II ataims,d�mapa,lou�a�nd Il�billti�s arisinp In conn�ctlon wflh
<br /> ,. . - th�pns�nc�,uN,dispoal or uanspoR ol any HRZardou� M�tarlats on,und�r,lrom or abaut th�Prop�rty.THE FOREOOIN(i
<br /> WARRANTIES AND HEPRESENTATIQNS,AND TRUSTOR'8 OBUt3ATiONS PURSUANT TO THE FOREOOINCi INDEMNITY.BHALL
<br /> •• N:�%� • SURVNE RECONVEYAN(:E OF THIS DEED OF TRUBT.
<br /> • � `���ti "� ` 10, Aedp�un�M oi R�nb.Truetor hereby e��lym to l�ncMr th�r�nt�,iauss�nd proflh of th�PropMy:provid�d that Trusb► �_ -
<br /> ��"��'{°�' ���¢�'� shall,until ths oeaurrsnc�of en Evsnt of De(ault h�aund�r,have ths riyht to coil�ct�nd retain such►�nq,i�sws and proNts�s tlHy
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<br /> ' �,,..;`� : ;,;s;'`.. becom�dus�nd payabN.tlpon th�xcurnnct of�n Event ot O�faul�L�nder mty.Nth�r In p�rson or by�nt,wttb or without
<br /> • •�• brin�lnp any acdon or prxe�dinp,or by a r�csiver eppointod by a court�nd without rpard to the adequacy ot ib s�curiry,�ntw
<br /> ,�- ' upon md take pos�stsion of tha Property.or any part th�reot,in lu own�ame or in the name of the TrwtM,and do tny acb which it
<br /> d�mt n�cssury or d�siraWs to pnNrve the valu�,marke4bllity or rent�bUfry of th�Propsrty,or�ny part Mer�of or tnbrat th�►Mn.
<br /> • Inare�ts the incoma tharpf�orri or protsct the security hareot and,with or wlthout takinp poswssion of th�Propsrty,su�for w
<br /> • otherwlss coll�ct ths rents,lasues and profita thereot inciudinp thofe past due and unpsld,and apply the�am�,t�ss cats�nd
<br /> �xprases of op�raUon and�oilecUon includinq ettomeys't�es,upon any fndebtedneas�ecured harsby,�II In wch ard�r as L�nd�r �A
<br /> . msy d�termins.Ths enterinp upon�nd tekinp poatea�fon of the Property,th�collscUon of such rents,lauw a�d profib�nd fhe __
<br /> �ppHcation thsrsof ss aforo�aid,shalt not curs or welve any detauit or notice ot delauit hsreundor or InvaHdet��ny act don�In
<br /> response to such default or pursuant to such notice of default and,norivithstandiep the conUnuance in pouesWon of the Prop�rty or =
<br /> fhe coliecdon,rec�lpt and application of renb,isauvs or profita,and T�ustee and Lender�hall bQ entitNd to�xercfaa w�ry ri�ht
<br /> provided tor in any ot th�Loan In�truments or by law upon occurrence nf any Event oi DeTault,inciudlnp wlthout limlt�tlon th�►lyht
<br /> — -- -- to exerCi�s th�powsr ot�ate.Further,LendsYs n�hts and romeciies uncier ti�is pany�aph ahaii ix cumui■iive wtQi�,ori�i in rio way:
<br /> �imitation on,Lender's riphts and remedies under any ansipnment of leases and renb rocorded apafrnt tho Propsrty.Lendsr.Trustse
<br /> �� and the receiver ahail be Iiable to account only for those renb actual{y recelved.
<br /> ' 11. Ev�nb of DNsult.The followinp ahali constitute an Event of Defauit under this Deed of Truat =--
<br /> (a) Faliure to pay any instailment of principa�or intereat of any other sum secured hereby when due; ��
<br /> (b) A br�ach ot or defauit under any provl�ion contained In the Note,this Daod of Trust,any of the Loan inst�um�nb.or�ny �
<br /> � othor Ilon or encumbrance upon the PropeAy; ___
<br /> , (c) A writ of executlon or attechment or any slmiiar procesa shall be entered apainst Trustor whfch ahell b�com�a Iisn on �4
<br /> • , the Property or any portlon thereof or Interest therein; ____
<br /> i.. � . (d) There ahali be flied by or agalnst Trustor or Borrower an action under any present or future tedera�,atate a othar —�-
<br /> � etatute,iaw or re�uietion retating to bankruptcy.Insolvency or other ratiof tor dabtor;,;or thero shuH bc appolnted any Uu�toe, P,:'-.
<br /> ' � recelver or liquldator of Trustor or Borrower or of att or any part o(the Property,or tha rents,isaues or proflts thereaf,or Trusb�
<br /> � � 1 or Borrower aha�l make any general assignment for the beneHt ot creditors; '-"�:
<br /> , � (e) The saia,transter,lease,assignment,conveyance or turiher encumbrance of ali or any part of or any interest in the
<br /> � Propertyr,elther votuntarily or involuntarily, without the express writtan consent of Lender; provided lhat Truator shall be � '
<br /> permitted to execute a lease of the Property thet does nvt contain an option to purchase and the tarm ot which does not axcevd �-•-
<br /> one year, �^
<br /> (� Abandonment ot the Property;or �
<br /> (q) If Trustor is not an indlvlduai,the iesuance,sale,transfer,asaiynment,conveyance or encumbrance of moro than a totai
<br /> of perCent of(if e Corporetion)its issued and outstanding stock or(it a partnership)a total of perCent ot �,___
<br /> partnership Interests during the period this Deed of Trust remains a ifen on the Property. � �� �
<br /> • 12. R�m�diN;Acc�l�ration Upon D�ttult.ln the event of any Event ot OefauN Lender may,without notice except ae required by
<br /> Iaw,deciare a�i fndebtedneas secured hereby to be due and payabie and the same shali thereupon become due and payable �ts
<br /> without any presentment,damand, protest or notice of eny kfnd.Thereafter Lender may: � �
<br /> � (a) Oemand that Trustee exerciso the POWER OF SALE granted herem, and Trustee sha�i thereatter cause Trustor's
<br /> . interest fn the Property to be sold and the proceeds to be d�stributed,all in the manner prov�ded In the Nebraska Trust Oeeds
<br /> • 4Ct;
<br /> � � (b) Exercise any end all riqhts provided for in any ot the Loan Instruments or by law upon occurrence of any Event of :
<br /> , Oefauit;and '
<br /> (c) Commencv an actfon to toreciose this Oead of Trust as a mortpaye,appoint a receiver,or apec�ficelly entorce ony of the �
<br /> � covenants hereot.
<br /> No�emedy herein conterred upon or reserved to Trustee or Lender�s intended to be ezclusive of any other remedy herein,in the
<br /> Loan Instruments or by law provided or permitted,but each shall be c urnulat�vo.shall be in addit�on to ovory other remedy given
<br /> • ' � hereunder,in the Loan Instruments or now or hereaRer existinp at law or i�equ�ty or by atatute,and may be exercised concurrently,
<br /> independently or successively.
<br /> j 13. TruslN. The Trustee may resign at any time without cause, and Lender may at any time and without cause eppoint a
<br /> � succesaor or substltute Trustee.Trustee shatl not be t�abte to any party.mcluding without t�m�tation Lender,8orcower,Trustor otany
<br /> �� � purcheaer ot the Property,tor any loss or damage unless due to reckless or wUlfu�misconduct,and ahatl not be required to fake any
<br /> I ection in Connectlon with the entorcement of this Deed of Trust unless indemmtfed. In writfny,for alI costs. Compensation o�
<br /> � j expenses whfch may be associated therewith.In additfon.Truatoe mey become a purchaser et any sate of the Property Qudicial or
<br /> 1 �,n.�n�thw nnWwr nf sale oranted hereinl:nostnone the sa�e ot aIf or any port�on ot the Property.es ptOVided by lew:or sell the
<br /> c Property as a whole,or fn sepatate parcels or lots at Trustee's discretlon.
<br /> 14. F�s and Exp�ns�s.tn the event Trustee sells the Property by exerc�se at power of sale.Trustee shall be entitled to epply
<br /> • , r• any sale proceeds tirst t�payment of eIl costs and expenses ot exercis�ng power of sale.�ncludmg aIl 7rustee's(ees,and Lender's
<br /> ., I and Trustee's attorney'a fees,actually incurred to ex!ent perm�tted by appl�cable law.In thR event Borrower or Trustor exercises any
<br /> ; J rlpht provlded by law to cure an Event ot Delault,Lende�shall be ent�tled to reCOVer Irom Trustor alI costs end expenses actualty
<br /> * I incurred es a reault of Trustor'a defeu�t,includfnq without I�m�tatton all Trusteet and attorney's tees,to the extent permitted by
<br /> , appllceble Iaw.
<br /> , � 15. Futun Advanc�s.Upon request oi 8orrower, Lender may.at�ta optian, make additionel and future advances and re-
<br /> advances to Borrower.Such advances and readvances,w�th interest Ihereon,shall be aecured by this Deed of Trust.At no time shatl
<br /> the principal emount ot the Indebtedness seCUred by th�s Deed ot Trust,not mcludm sums advanced to protect the security of this
<br /> ; Oeed ot Trust,exceed the oripina� princfpal amount atated herein,or S whichever�a yreater. � � ;
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