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<br /> �� ;t���,;,� the R►op�rty Id�a trken or d�maped,Lender sh�ll have the option,in its eotennQ abtolute dlecroUOn,to eppt�ail�uah ProcMd�, -�
<br /> eu��d�duetinp ther�trom�q aosts and�xpmas Inourrad by tt In aonneation with suoh ProceW�,upon�ny Ind�bUdrt���ecund
<br /> '"'ti`��'�+"�`� "� hereby md in wch ord�r a�Lender may determins,or to eppty ail iuoh Procerd�,sfter woh dsduationi,to th�ratat�Uon of tRa
<br /> �� .� � "+;:,.:�" P�op�rty upon woh aondlUons a�Lender mty determins.I►ny spplloation at Proceed�to Indebtedness�hall rtohxtmd or poatpone
<br /> , .�`"fi�`�-�•. the eue dete of any pnymenM under the Nots,or oure any dit�ult thereundet or hereunder.Any unappll�d tunds thaD b�ptid to
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<br /> •�� T�ustor.
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<br />- ; �,�„ �,r'- ,, "' � 8.PMormano�by I�td�t.Upon ths oocunenoe ot an Event of�slautt lroreunder,or 11 Any aat la teken or lopai proaecdln� � - -= -
<br /> ��� � � aommenaed whioh materiel�y aHeate Lender's inte►eet in the PropeAy,Lender m�y in its ow�disarotlon,but withoutoblipatlon todo
<br /> '� �, ' do,and without notlae to or demend upon Trustor end wlthout reteeeln�Truetor from any obllgaUon,do any aot whloh T�ustor has
<br /> � . egreed but taile to do and may alao do any other aot it deems neaeaeary to proteot the eeeurity hereot Truator shett�Immedlatety _._
<br /> ' upon demand theretor by Lender.pey to Lender att eoata and expanees i�aurred and euma expendod by Lender in eonneotlon wlth -
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<br /> the exeroiee by Lender ottha toregoing righte,together with Intereaf thereon atthe detauit�ate provided Inthe Note,whlah ehall be __
<br /> . � added to the IndAbtadneas seoured hereby. I.ender shali not Inaur any Ilablllty beaause of enythinp It may do or om�t to do = -__-
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<br /> . hereunder. �,_" --- - . __-°
<br /> „ 9.Hasertlous Mabiit►s.Trustor shatt keep the Property in complience wlth a�l appiloabte lawe,ordlnanaee and requlatlons __ _
<br /> " retednp to lndustrlai hyglena or ernironmental proteatlon(aol�eotivety reterred to herein eo"Environmental Lawe'�.Truetor ehali �
<br /> ` . � � Keep the Property hee trom ali substanees deemed to be hazardoue or toxio under any Environmental Lewe(coileothre�y referced to =
<br /> herein as 'Hezardous Materiais ).Trustor hereby warrante and reprdsents to I.ertder thet there are�o Heserdous Matcriats on or
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<br /> ° �. under the Property.Trustor hereby agreea to Indemnliy and ho�d harmtess Le�der.Ita direatora,otticere,employeesand agenta.and �,;wg;�.�,v
<br /> " any successora to Lender's Interest,from and agalnst any and ali clalms,darnagea,Iossea and tiabitities arisinp in conneodon with � , + _
<br /> the presence, use,disposat or transqort of any Hezardous Materiats on,under,irom or about the Proparly.THE FOREQOINt3 �%��:_�w
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<br /> ' �•' � WARRANTiE8 ANn AEPRESENTA710NS,AND TRUSTOR'S OBL1flATiONB PURSUANT TO THE FORECi01N0INOEMNITY,8HALL �Y'l+:�����:
<br /> - - _ SURVIVF. R�CANVEYANCE OF THIS OEED OF TRUSL ,� __ __.
<br /> 10.Aaipnm�nt of Renb.Trustor hereby aesigns to Lender the renta,isauea and protits ot me Property;pravided that TruaWr ?�,,--
<br /> shali,untii the occurrence of an Event ot Default hereunder,have the rightto collect and retein such rents,lesues an0 protita as they : �� ��^>._-
<br /> ''` beaome due and payable.Upon the oacurrenoe of an Event of Detaut�Lender may,either tn person or by agent,whh or without ,��'
<br /> � bri�ging any actfon or proceeding,or by a recelver appolnted b a coun and without re ard to the adequac of its seourt ,enter ,�`�:.�
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<br /> �; upon and take poesesslon of the Property,or any part thereof,in its own name a in the name of the Trustee,and do any acts whicfi il .;.:
<br /> . deems necesaery or desirab�e to preaerve the value,marketebility or rentabllityof the Propertyr,or any paR thereot or Intereat therein, ,.,.��,`"`-
<br /> .� � increase the inaome theretrom or protect the seaurity horeof and,w(th or without taking posaeasion ot the Property,sue for or •�"�_
<br /> ' � otherwlse co�lect the renta,isaues and protits thereof,fnctuding those pest due and unpeid,and appiy the eame,Iees costa and „� .�
<br /> �. expensea ot operaUon and colleeUon including attomeys'tees,upon any indebtedness seaured hereby,all in eueh order as Lender � "_
<br /> • � may determine.The entering upon and taking posaesslon of the Praperty,the coliection ot auah rents,Issuea and profits and the
<br /> appilcetlon thereot as atoresald,shail not cure or walve any detault or notice of default hereunder or invalidate any aot done In ��" `
<br /> .__-,. .__ ._ .._ resQonae to such detault or purauent to such notice oi detautt and,notwithetanding the continuence In posseselon of the Properry or
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<br /> the colleation,reaeipt and applicatlon of renta,Isaues or profits,and Trustee end Lentler enatl be entitied to exerciae every ripht - ,_.-
<br /> provlded for in any qf the Loan Instruments or by tew upon occurrence ot any Event of Oetault,includinfl without�Imllation the rlght
<br /> � to exercise the power ot eale.Further,Lender's rlghts and remedies underthls pa�agraph shail be aumutative with,and tn no wey a ti ��
<br /> IlmiteUOn on,Lender's rights and remedlea under any assignment of leases and re�ts recorded agelnst the Property.Lender,Truetee „ ;
<br /> and the recelver shalt be IlaDle to acaount only tor those rents actualiy reaelved.
<br /> 1 t. Evmts of Od�ult.The following ehell constltute an Event ot Default under this Deed ot Trus�
<br /> (a)Fallure to pey any tnstellment ot princlpai or Interest ot any ather aum secured hereby when due: . _ .
<br /> (b�A breach ot or default under any provlaton contalned In the Note,th�s Oeed of Trust,eny of the Loan Instrumente,or any
<br /> other�len or enaumbrence upon the Property;
<br /> (c)A wrlt of executlon or attachment or any atmltar process shetl bo entered agafnat Trustor which shal�baaome a lien on ;
<br /> the Property or any portion thereot or Intereet thereln; 1A*` •
<br /> (d)There shall be tlled by ur agalnst Trustor or Borrower an actfon under any present or future federal,state or other � � ,
<br /> stetute,Iaw or regulatfon reiating to bankruptcy,Insoivency or other rel ief lor debtors;or there ahal�be eppolnted any truateo, .� ��
<br /> receiver or liquidator of Trustor or Borrower or of aIi or an art of the Pr or the rents,issues or rotlts thereot,or Truetor ���---�
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<br /> or Borrower shail make any general asslgnment for the benefit of creditors;
<br /> (e)The seie,transter,�ease,assignment,conveyance or further encumbrance ot atl or eny part ot or any interest in the r����
<br /> Property,either vo�untarlly or involuntarfly, without the expresa written consent of lender; provlded that Trustor shali be „
<br /> permitted to execute a Iease ot the Property that does not contain an option to purchase and the term of which does not exceed ,
<br /> ona year, � � -- � �
<br /> '� (�Abandonment of the Property:or '
<br /> (g� If Trustor is not an Ind�vidue�,the Isauence,sale,tranafer,ass�gn ment,conveyence or encumbrance ot more than a total _ :
<br /> . ot percent of(if a corporatlon)its Issued end outstandfng stock or�if a partnership)a total of_ percent of , . I J
<br /> partnership Interesta during the perlod this Oeed ot Trust remalns a�ien on the Property.
<br /> • 12. Remedio�;Aeceteraffon Upon Oetault.In the event ot any Event af Defauit Lender mey,wlthout notice except as requlred by
<br /> law,deC�ere all Indebtednesa secured hereby to be due and payabie and the same ahall thereupon becomo due and payeble � . .
<br /> without any presentment,demand,proteat or notice ot any kind.ThereaNer-Lender may:
<br /> (a► Oemand that Truetee exerclee the POWER OF SALE granted herein,and Trustee shall thereafter cause Trusto�'s •
<br /> fnterest tn the Property to be so�d and the proceeds to be dlatnbuted,all In the manner provlded in the Nebraske Truat Deade
<br /> Ac�
<br /> (b) Exerclse any and ail rights provided(or In any ot tha Loan Instruments or by Iaw upon occurrence of any Event ot
<br /> � Detaul�end I
<br /> (c) Commence an action to foreclose this Deed ot Trust as a mortgage,appofnt a recetver,or specltically enforce any of the
<br /> covenents hereot. i
<br /> No remedy herefn conterred upon or reserved to Trustee or Lender�a inlended to be exclus�ve of any other remedy hereln, fn the
<br /> Loan�n8truments or by law prov�ded or permitled,but each sha�l be cumu Iatwe.shalt be in addition to every other remedy given
<br /> hereunder,in the Loan Uatruments or now or hereaker exlsting at law or m equlty or oy atatute,and may be exerClsed concurrentty,
<br /> Independentiy or succeasively.
<br /> 13. Trustee.The Trustee may resfgn at any time without cause. �nd Lender may at any time and wfthout cause appdnt a
<br /> 8ucceesor or eubetitute Truatee.Trustee sha�l not be Itabte to any party,inciuding without limltatfon Lender,Borrower,Truator or any
<br /> , purchaser of the Property,tor any loss or demage uniess due to reckless or willful misconduct,and ahalt not be requfred to takeany
<br /> - - - `r.�o....:�w :"��.....w� i.,W.�t�nn �n.nl� rnnta rmm�anantinn or
<br /> � BCtwn in conneciion wiin intl a��iciri,d�iini�i Oi i���o :+ood �� ��• • •••o• •
<br /> � expenses whfch may be asaoctated therewlth.In addltfon,Trustee may become a purchaser at any sale ot the Property Qudfclal or
<br /> �, y under the power of sale granted hereln);postpone the sale of atI or any portlon of the Property,as provlded by taw;or sell the
<br /> Property as a whote,or In Saparete parcels or lots at Trustee's dlscretion.
<br /> 14. Fees and Expensea.In the event Trustee sells the Property by exe�c�ee oi power ot sate,Truatee shalt be entttled to eppty
<br /> ; • any sale proceeda flrat to payment o}al�costs and expenses ot exercising power of sa�e,includfng all Trustee's tees,and Lender's
<br /> � ; ;� and Trusteo's attarney's tcre8,actuatty lncurred to extent permitted by appllcable�aw.�n the event Borrower or Trustor exerclsesany
<br /> � ' , rlght provlded by law to cure an Event o}Detault,lender shall be entltted to reaover from Truetor all costs and expenaea aclually
<br /> Incurred ea a result ot Trustor's detault,Including wlthout Ilmitatlon all Truslee's and attorney's tees,to the extent permltted by
<br /> � 8ppllcable taw.
<br /> ��� tb. Future Adveneee.Upon request of Borrower,Lender may, at Its optlon,make addttlonat and tuture advancea and�e•
<br /> advances to Borrower.3uch advances and readvances,wfth interest thoreo n,ahall be secured by thia Oeed of Trust.At no tlme shall
<br /> � the princlpal amount of the fndebtednes8 secured by thts Deed oi Trust,not Including sums edvanced to protect the seeurfry of thls
<br /> . Deed ot Truat,exceed the orlgfna�prfnclpal amount atated hereln,or$ �aA,A��-AA whlchever fs greater.
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