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<br /> tfM P�opirb M�o hM�n or d�m�p�d�L�nd�r�hW h�w th�optlon�in iM wl��nd�olue�dl�crMion.b�pply�II woh P�oo��,
<br /> dMr d�duotln0 YMnIroM wN aoN��nd�xp«�Inownd by It M oonn�ofbn wMh woh ProoMd�,uPo�any kid�bMdi�s Na�r�d
<br /> hM�b�l atld In woh o►d1r N L�nd�t nNy dMMmin�.or to apply�11 weh ProcNd�,�far woh d�duatlon�,b th�rNtor�lbn M tM
<br /> ProPMtY�Pon woh eo�dltlau as L�IM m�y d�tKmin�.My�ppliCatlon ol ProcMd�b Ind�bMdnMS NNII nOt�xMnd w po�porN
<br /> IM du�dN�ol anY P�ayn�nb und�►th�NoM�a oun sny dMauH thKwndK or h�nwnd�r.My un�ppil�d tund��h�Y bs pWd b
<br /> -:: � T��an��►�«�.Upon th�ocaurnna of�n Ewnt M ONwlt t�r�undM,or If�ny aot ts Wc�n or Npal proa�dinp
<br /> 1.: commW�cW which mat�rialiy�M�cSs I.mdK'�InNrMf in tM Prop�rty,L�nd�r may In Its own dl�cntlon,but wffhout oblip�tion b do
<br /> ' �o,and without notic�to tar d�m�nd upon Tru�Wt and without rNs�Wnp 7rustor hom�ny obiipatlon,do any�ot whlah TruNa Fui� "°-
<br /> - �prNd but i�it�tn do and nuiy�Iw do any oth�►�ct it dNm�rncaury to proMCt th�s�curiry Mnof.Trutlor sMll.ImrtNdl�/Ny
<br /> _ upa�d�na�d thKNor by l.�nd�r,paY to L.M�dK all cab and�xp�nws incu►nd�nd sumt�xp�nd�d by L�nd�r In conn�cflon wNh
<br /> tM ezKal�t by l.�ndsr ol th�lor�po{np rl�hq,Wp�th�r with InU►��t th�non�t th�atault rat�provid�d In th�Not�,wh�h�II b�
<br /> •dd�d to ttf�Ind�bUdn�waund h�►Wy. L�nd�r�hall not Incur�ny Iiabillly b�cauM of�nylhinp It may do or omlt b do
<br /> - - __,.�.nHa..�.� Mr�und�r.
<br /> 9. Mwrdou�IA�f�A�b.Truator shali kwp ths Prop�rty In compilanc�with�II�pptloabi�lawt,ordlnanc�s and rpul�don�
<br /> =l..;d�,,,a;as� relaUnp to industrial hypisn�or anvlronmYntut prot�ctlon(coltoctivaly nt�rr�d to hsr�in as"Environmentat Law�'�.Trustw M�II
<br /> ---- ---= kwpth�Propsrty trM trom NI wb�tanc�s dNmed to b�huardous or toxl�und�r�ny Envlronmental Lawa(cotNcdvNy reiwr�d b
<br /> � +�z�,�e��•:; hK�ln as"Huardow Mabrl�i�").Tru�tor h�reby w�rrants�od r�prs�sntt to LendK th�t th�n ar�no Huardou�MatKiai�on or
<br /> _.���_'�:•';=;.��..'� und�rthe PropeRy.Trustor h�r�by aprNS to IndsmnNy and hold harmisas L�nd�r,Ibdirscton,otllc�n,�mploy�taand�nb,and _
<br /> �, ,, --_� . any wccason to Ured�r's tntersaf,irom and aptin�t�ny and all ctalms,dam�9��,los�a and IlabillWs a�iWnp in conn�ctton wHh
<br /> °� tlw presencs,ute,dispo�at or transport ot�ny Haiardow Materiais on,u�dsr,trom a about th� Prop�rty.THE FOREOOINb
<br />- �"""'� • WARRANTIES ANO FiEPRESENTATIONS,ANO TRUBTOR'S OBLIOATIONS PURSUANT TO THE FOREti01N(i INOEMNITY,BNALL
<br /> _ .,,., . r ...:�f.S
<br /> :;....>�:` 3UFiVIVE RECONVEYANCE OF THIS DEED OF TRUST.
<br /> ` �� . 10. ANfpiwn�el ot R�nb.Truator hareby asslpns to Lender the rertte,lanues end profits ot th�Prop�rry;provid�d that Trustor _ .
<br /> ,;Rk.,M.ti,: .::,..•, shall,u�Ui the occurrenca of�n Event of Oefautt hereunder,have the riphtto coll�ct�nd refaln such nnm,iwues and pro8b u they _
<br /> E. � Mcome due and payabls.Upon th�occurrenc�ot�n Event of Dstauit,L�ndor m�y,sithor in psrwn or by apsnt,with or without
<br /> .. -, brinDinp any ecUon or proceedlnq,or by a nceiver appofnted by a court and without repard to the adequacy of Ita sacuriry,entK
<br /> t • � upon er►d take pos�etelon of ths Properly,or any pan thereot,in Ita own name or ln the name of the Trustee,and do any acts which It
<br /> , `''�'' desms nac��seiry ade�lrabl�to preserve the valus,markeU�btiity or rentaWlity of th�Property,or any part thersot or Intenst th�reln,
<br /> �� ,; increase the income therefrom or protect the securlty hareof and,with or wlthout takinp po�Yeufon of tho Propsrty.su�lor or
<br /> oihervvise cnilect the�ents,I�sues and prolits thsreof,includinp those pest due and unpaid,and apply the eams,Istt co�U and
<br /> expense6 ot op�ratlon�nd cotlection Includinp attorneya'i�e�,upon eny indebtsdneta tecured h�reby,�II In such ordar as Lsnder
<br /> may determine.The enterinp upon and takinp possesalon ot the Property,ths coliectfon ot such rents,issuss and protlts�nd tM
<br /> applMstlon thereof As �fornald,ehail not cure or waive any default or notice of detauit heround�r or Invaitdate any act done In
<br /> �;':' response to such default or purauant to such nodce of default and,notwlth�tandinp the condnuance In posss��ion of the Proputy or
<br /> tha coltectSon,recelpt and epplicaUon of rsnts,liswa or profib,and Tru�tee and Lender shali be entlU�d to oxerciss sv�ry rlqht
<br /> __._ _,':_ _ _ _ provided I�r in any ot thi L.oan Inatruments or by taw upon xcurrence of any Event of De(auit,includinp without 8mitetlon th�ripht r`
<br /> :,...
<br /> to exercfse the power dsale.Funher,Lender's rlphte and remedlea underthts parayraph shaii be cumuiative witii,uini In r�o way A
<br /> Iimitationon,Lender's riqhttandremedlesunderanyassf�nmentofleasasandrenisrecordedayainttthoProperty.Lender,Truatee
<br /> and the receiver sFuill be Iiable to account only tor thoee rents actualiy received.
<br /> 11. Ev�nb o/D�fauit.The followiny shali constitute an Event oi�efault under this Deed ot Trust
<br /> (a) Fallure to p�y any inatallment ot principal or Intereat of any ather aum secured hereby when due:
<br /> (b) A breach of or detauit under any provision contained in the Note,this Oesd of Truat,any of the Loan Instrumonb,or any !
<br /> k other lien ar encumbrance upon the Property:
<br /> (c) A writ of exocutlon or attachment or any similar process shall be entered apatnst Truator whlch shell become p Ilen on
<br /> { the Property or any portion thereof or Interest therein;
<br /> �•'. (d) There cha11 be flled by or eqainst Trustor o�Borrower en action under any preaent or tuture tederai,atete or other _
<br /> ,� statute,law or regui�tion refuUr�g iu bankruptcy,Insotvency or other relfef for dabtors;or tharo shail bc appolnted any Uustee,
<br /> ! recefver or tiquldator of Trustor or Borrower or of ali or any part of the Property,or the rents,isaues or protits thereof,or Trustor _,
<br /> ` ' or Borrower aheii meke eny general asslpnment 1or the benefit of creditora; �a-
<br /> (e) The sele, tra�sfer,lease,asstpnment, aonveyance or turther encumbrance of alt or any paR of or any interest In the -_
<br /> ' Property,either voluntarily or involuntariiy,wfthout the express written consent of Lender;provided that TruaWr ahali be
<br /> permitted to exocute a Ieese of the Property that does not contein en option to purchase and the term ot which doea not excoad �•;1
<br /> F
<br /> one yepr, �,`
<br /> (Q Abandonment of the Property;or
<br /> (p) If TrusWr ianotan indlviduai,the fssuance,sate,transter.assipnment,conveyance or encumbrance of morethAn�total
<br /> p} percent of(if a cotporation)its issued and outstanding stock or(it a partnerstiip)a totaf ot percent of
<br /> pattnersfilp intereats duri�g the period this Deed of Trust remains a lien on the Property.
<br /> 12. R�n�dNs;AceNu�tion Upon DM�uit.in the event of any Event of Default lender may,without notice except as required by
<br /> ilaw,declare ali fndebtedness secured t�ereby to be due end payabte and the same shell thereupon becoma due and payable
<br /> ; without any presentment,demand,protest or notice oi any kind.Therealter Lender may: �
<br /> (a) Demand that Trustee 2xercise the POWER OF SALE granted herein,and Trustee shail thereafter cause Trustor'e
<br /> . fnferest fn the Property to be sold and the proceeds to be dis►tributed,all in the manner provided in the Nebraska 7ruat Deedc ;
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<br /> ' (b) Exercise any and atl rfyhts provided for in any ot the Loen Instruments or by law upon occurrence of any Event of �
<br /> ! Defaui�and '
<br /> • (c) Commenco an action to toreclose thia Deed of Trust as a mortyaye,appotnt a receiver,or specitically enforce any of tho
<br /> w, covenants hereof. �
<br /> Nv remedy herefn conferred upon or resHrved to Trustee or Lender�s fntended to be exclus�ve of any other remedy herein,in the
<br /> Loan Instruments or by law provlded or permitted,but each shat�be cumuladve.shall be m add�t�on to every other remedy given , �
<br /> • � hereunder,in the Loan Instrumente or now or hereatter exlst�ny at taw or in equity or by statute,and may be exerCised concurrently,
<br /> . � indopendently or successivety.
<br /> 13.TrustN. The Trustee may resipn at any t�me w�thout cause,and Lender may at any time and w�thout cauae appoint a
<br /> ' successor or substltuteTrustee.Trustee ahatt not be I�able to any party,including without limitatfon Londor,Borrower,Trustor or any
<br /> � purchaser ot the Property,for any loss or damaye unless due to reckless or wllltut misconduct,and sha��not be required to take any
<br /> actlon In connectlon with the enforcement of this Deed of Trust unless +ndemnified.in writing,tor alI costs,compensation or
<br /> � � eXpenses whlch mey be associated therewith.ln addit�on,Trustee may become a purChaser at any sale of the Property(judicisl or
<br /> __.._........,...�e.i� ......��►,o.a+.�r�namnnw thn aale of all or anv nortfon oi the Property.as provfded by 18w;ot sell th@
<br /> - V�iYY� ��a�/v�v v.�r... �.�...��..�.�_'"„r__.�- .
<br /> � Property as a whole, a in separate parcels or Iots at Trustee's discretfon.
<br /> 14. F�es�nd Exp�nsa�.In the event Trustee seils the Property by exerc�se of power of sale.Trustee ahall be e�titled to apply
<br /> • � any sale proceeds ffrst to peyment of alI costs and expenses o1 exercis�np power ol sale.including all Trustee'a fees.and Lender�
<br /> �� and Trustee's attorney'a teea,actually incurred to extent permitted by eppucable Iaw.In the event Borrower or Trustor ezerclses any
<br /> , i rlpht provided by Iiw to cure an Event of Default, lender shall be entitled to reCOVer trom Trustor all costs and expenee8 eCtually
<br /> , � i Incurred as a rosult of Truetor'e de}autt,includin�without limitatlon all Trustee'4 a�d attorney's fees,to the extent permltted by
<br /> � �ppllcabte�aw.
<br /> 15. Futun AdrancN.Upon request ot Borrower, Lender may,et�ts option,meke addit�onal and tuture advances and re-
<br /> edvincea to Borrowe�.Such advances and readvances.with mterest thereon,shall be secured by this Deed ot Trust.At no t�me shall
<br /> , � theprinClpal amount ol the Indebtedness secured by this De�d ot Trust,not mcludmy sums advanced to protect the securiry of this
<br /> 0«d of Trust,exceed lhe oripinal princlpal amount atated here�n,or S_}g��{�,�-�Wh�chever is preater.
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