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<br /> � � _.__. -.�at�d�.�-`II'" - --- •---- - - -- ri r� --- ......_ -----
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<br /> ' - i`��` t8�Covenenis of Yrustor wJth Respsot ro tesses.W/thoet 1he pdo�w���e�ft wh�Rernsuch le se 1s now�or here,en�n e�stenae� ---
<br /> %�*1:,�;��,•=::.. �� . wlth reapect roeny leaar;e o/space Jn�►e Tiust Properry,or enY po . .- _._.__
<br /> . �^" ,' , . (e) A�:ept oi parmit eny prepeYment,dlocouni a advance payment of ient hereunder in exaess o!one month, M..,__,��;::ti
<br /> `�` " � ' (b) Cencal o�temrinate the same,or ecaept eny aencepaUon,tetminedon o�sunender the►eof,o�permft any evant to occu�whloh woutO ; _
<br /> •� �• � .," occur theraunder to ierminste or oance!dre aeme,oths�lhan terminatlon tor nanpayment of rent, • L4 � ,,�. �.y" _
<br /> — `� ` � (o) Amend or madpy Gre same so as to reduce the term thereoi,the rerrtef peyeble tl►oreunder,or t4 ahange any renewel pr+ovlslona ,: �.�,�-
<br /> ' thereln conteined, "' ".���••�-_
<br /> n : -
<br /> ",,, ':. �. � . . (d) WaNe ony deleutt thereander or breaah the�eo% •-.-p�'�-=��"-- - -
<br /> � ,, � ' ` (8) Qive eny consont,welver a approval thereunde�or take sny other aodon!n connecdon therew/th,o�with a/esaee thereunder.wldch �:�,�y�_:�.j�,`_.
<br /> would have the elfeat ollmpaldng the velus o!tho lassor's Imerest thereunder or the properry subJect thereto,or ol lmpaldng the ' �.,_•,=_
<br /> . .� posldon or lnterest o/Boneflciery thereln.or :''�'��'-
<br /> � led e,mortgape rn ofherw/se dlapose o%or encnmbe�lts lnterest In any ssid/eese oi any renta,lssuea,proflte lsser�n� .• . ""`�:��.:�:;�;.-
<br /> (n Soll,asaf8n.P 8 ° �--
<br /> o�errsing thereandar. , ;'': '
<br /> ° 17. Waiver ot Stefute ol Umltedo»s.Tlme!s ol the essence fn ell ol Tiustofa obpgedons end detles hereunder,and to the exfent pem►iKed . � ,��.: �,
<br /> �� by lew,�iustor waives eil presenf or fiiture statutea o!Iimltedona wlth reapect to any debt,dernand or obllgedon secured hereby and .
<br /> ' , eny action or proceed/np M�the pwpose af enMrcing thJs Deed of Tiust or eny dghis or remedles contefned hereln. .. • __
<br /> ' ' 18. Assignment of Osposits.ln the event construcUon oflmprovamenrs!s contempletad by the losn evidenced by the Note seca►ed . ,�
<br /> • here6y,es sddldonal securlry therelo�e,Tiusta hereby trens�ers end easlgns to BeneHclary,all rlght,tldB end laterest to sny and sll : .
<br /> monlea deposUed by o►o»behaN of Tivator wlth any clty.counry,p�b►!c body or sgency,sanitery dlsUlat,utlllry company,and . . >
<br /> �1 any othe►body oi egenoy,tor the Inatelledon or to secwe t�e lnstafladon ot any ertllfry by Tias[a,peKafNng to the 7ivat Propeity. ., - �
<br /> 19. Corporedon o►Parmershlp Exlstence.il Trusto�!s a capo►eda»,gene�a!parinorship,or!lmAed psrfrte►ahlp,It wlll do all thinge , � , •
<br /> necesasry to prese►ve!ts corporate or paRnershlp ex/stence,es the case may be,and all Nghts and pAv/leges under d►e laws o!tha
<br /> state ollts incapo�etlon or organlzadon. ' •;._�_=�
<br /> ' 20. forbeamnco by Benellclary Not a Weiver.Any foibearance by Benellclery!n exeicising any rlght or iemedy he►eunder,or othen�viae ���:_- ;
<br />- '� � '� --� �" �-��--� dffordad by app!lcabfa law,:,ha11 not bo s tvslver ol or preMude ihe exerolse of any Ruah alght a�emedy.the proaarement of . ._....._.,�-_�__.__.-�-.•-
<br /> �• � lnsu►ance or the payment of texes or the discharge o111ena or chargea by Beneflclary ahall not be a welver of BeneNclary's dght to '�!
<br /> . �� .., .. .
<br /> accelerete the metudty o/the lndebiednesa.
<br /> � �21. Remedles Cumulative.All remedles provlded!n thla Deed of Tiust ere dlsdnct and cumulaUve ro eny other dght or iemedy under thla : " . ;'
<br /> Oeed o/Tiest a sllorded by law ar equlty,and mey be exerclaed concunently,lndependendyorauacesalvely. ���,.� r� .. '
<br /> .. ' � �22. Succesaors and Aeslgns Baund;Jolnt and Several Uabl/!ry; Captlona.The covenants and agieements hereln aontelned shall bind,and • • „ .�,;,
<br /> the Nghta hereunder sha0lnure%the reapeaBve aucceasors and saslgna of BeneNclary, Trustee,and Truetor.All covenanta end �,�,w.
<br /> agieements ol�restor shall be�olnt end aeveral The capGons end headinga o/the pe►egiaphs of thJs Deed of Tiust are for •�'M; s ._
<br /> � convenlence onty and a►e not to be used to lnterpret or dellne 1he provlslons hereo% ��` *�--
<br /> ��--
<br /> �� . � 23. NoUce.Except/or any no8ce iepul�ed under appdcable law to be glven!n another manner,(a)any aotice to Tivator provlded for In thla �� Y+�;� -
<br /> . �`�� r -
<br /> • • . � Deed of Tiust ahall be glven by malling such nodce by certlfled mall,return recelpt reqaested addresaed to Tiustor at its malling � t�:
<br /> � address set foRh ebove or at auch other address as Tiustor mey dealgnate 6y noUce to Bene/k/ery es provlded hereln,and(b)a�ry , �
<br /> -_=- ` � - - no�ca t o B a nn O c l e ry o t T i u s t e a s h a l l b s g l v t tn b y cerflBed mail,refum recelpt ra_�uested,to Beneeclery's and Tiustee's malling ____ __
<br /> ' addreas 8teted hereln or to such other addreas as Beneflcfary or Tiustee may deslgnete by�oNce to Trustor as provJded he►eln.My .•:� ;
<br /> notice provlded/a fn thls Deed of Tiust ahall be deemed ro have been glven to Tiustor,Beneflciary or Tiustee when glven ln the ., �
<br /> ma»ner designeted hereln. �� '�
<br /> 24. Qoveming Law;Seveiablllty.Thls Deed of Tiust shall be govemed by the lawa of the State of Nebraska. In the event any provlslon or • � ,,
<br /> clause of thls Deed of Trust coMlicte wlth appdcable law,suah conNict shell not aHect oiher p►ovialons of thls Deed of Tivat whlch can M1� r�
<br /> ° ' � un yirdri vi�vti'rrlu G::i�C:.:."�Wl�::ltg Ftt?='l3i�r.s s^�M t±!!s end►ha nmvl,�rnnc o►►h1.a Oeed ol Tivat a►e declared to be seve�eb/e. ^�.4 R,`
<br /> 26. Evonta o�Oelsult.Eech o/the bllowJng occunences shall consUtute an event ol delealt hereunder, (herelnelte►called an"Event !�.•o�,
<br /> of DefauR"): .....�`��
<br /> (e) Tiusto►shaU teJl to pay when due any pi/nclpal,lnterest,oi princlpal and lnte�est on the Indebtednesa. � x
<br />�f. (b) My wananty of tlde made by Tiustor hereln shell be unuue,
<br />'.� (c) Tiusto�shal!fall to observe or perform any ot the covenants,agreements,or condidons in thla Deed o/Tiust,
<br /> , � (d) My representatlon or wananty made by Tiustor on any/lnanclal atetements or repoRS subMtted to Beneflclary by or on behall of . :��'
<br /> Tiusto►shallprove/alseo►materialtymJsleading, ' ��'-� �
<br /> �� � (e) Tiustor ahaU lell to perbn»or observe eny of the coveaants,condltlons or agreements contalned 1n,or binding upon Trustor under
<br /> ..,��
<br /> eny bulfdingloan agreement,secudty agreement,loen agreement,Nnancing atetement,or any other agreement,lnsbument or
<br />_ document axecuted by Tiustorin connectlon wlth the loan evldenced by the Note, I .
<br /> (n A hestee,►eceiver or Jfquldetor o/the Trast Properry or o�Tiustor shalf be eppunted,or any of!he credlto►s o�Tiastor ahall Nle a • ,
<br /> petitlon In benkn�ptcy egelnst Tiustor,or lor the reorganizeUon ol Tiustor pursuent to the Federal Hanknrptcy Code,or any s!mlla► I
<br /> lew,wheiher/ederal or state,and 11 such order a peNtla+shall not be dlschaiged or dlsmissed w/thln thirty(30)deys e/ter the date
<br /> o»whlch sach order or petldon was Nled, I
<br /> (g) Tiustor shafl/ile e pet(Non pwsusnt to the Federal Bankruptcy Code or eny slmilar law,lederel or state,or!1 T�ustor shell be
<br /> ad/udged a bankrvpt,or be dec/ared lnsolvent,or shsll make en asslgnment lor the beneflt of creditors.or shal/edmlt!n wrlNng Its I
<br /> inabl!!ry fo pey Its debts as they become due,or shall consent to the appolntment of a recelver of all or any psK o/the Tiust Propeily,
<br /> �h� ble dls1 chamed,'wlthln heym(30)da s aNe►tho'ent e thereot,o eshall n�ot appesl t erelrom or%�a»the o►�ert decree o processrupon ;
<br /> whlch or pu suant to whlch sald Judg►»ent was granted,based,or entered,and secure a stay ol executlon pending such appeal. '
<br /> � �,� thereln,ln a'ny menner oeway,whethe�ol�erily oi nvolunte�y,wlthout the wnKen/consen�otf8eneflclsry��ng li st had and terest
<br /> ` � obtelned, a
<br /> (/) If Tiustor/s B co►po►adon or paRnershlp and more than liJty percent(50°io)of the shares or benel/cial interests!n such co►poretlon o►
<br /> - partnershlp,es the case may be,sh81!be t�enslerred o►canveyed,whether voluntarily or�nvoluntedly, without the wrltten conseM oJ
<br /> � � 8eneffClary being llrst had snd obtalned.
<br /> ' 28. Acceleratlon of Debt;Foreclasure. Upon the occunence o/any Event ol Detault,or any tlme thereaRer, Beneliciery mey,at its op�on,
<br /> ' dPCfare all the Indebtedness secured hereby Immedlately due and paysble end the same shall bea►lnterest at the delault rate,il any,
<br /> set loRh!n the Note, or othe►wise at the hlghest rate permitted by law,and,inespective of whether 8ene�icfary exerc►ses said ophon,it
<br /> may,atlts opUon and ln�is so/e dlscreNon,wlthout any luriher no6ce or demand to o►upon Trustor,do one or more o!the lollow�ng;
<br /> f (a) BeneHclery may enter upon,teke possession o/,manage and ope►ate the Trust Properry or any part fhereoh,make repalrs and
<br /> - . altArallons and do env ects wh(ch Benelic(ary deems prope►to p►otect the seCUrity thereot,and eithe�with or w�►hout tak�ng
<br /> ..
<br /> � possessfon,!n Its own name,sue/or or otherwlse Co/lect and recelve rents.issues ana proms.inciuding ihose pn�i uuv a.-���%•F�•�, -
<br /> end apply the seme,fess costs and expenses o1 operaUon and collecbon,including ieasoneble attorney lees end t3enet�cisry's
<br /> costs,upon the Indebtedness secured hereby and�n such order es Beneliciary may determine. Upon requesf ot Beneliclary. Trustor
<br /> � ; shall&ssemble end shall make ava(lable to Benef(ciary sny o/the T�ust Piope►ty whlch has been�emoved.The entering upon and
<br /> � � taking possess(on ol the Trost Property,the collect►on o�any rents,(ssues snd pro%ts,and the applicetion thereo►as elo►esa�d.shall
<br /> '� not cu►e or walve any default theretolo�e or thereRlfer occumng,or aNect any nofice o/defaWt or notice ol sale hereunder o►
<br /> (nvalldate any act done pursuant to eny such notice. Notwlthstanding Beneliciery's co»tlnusnce�n poss�ssion o►rece(pt and
<br /> � appdcat�on o/ients,Issues or pro/its,Benelicfary shalf be enHtfed to exerclse every right prov�ded for in th�s Deed of Trust o�by law
<br /> ' upon or elter the occurrence ol an Event ol Delault including the nght to exercise the power oi sale. Any of the act�ons relerred to m
<br /> thls parag►eph may be taken by 8enef7clary at such trme as gene�ic�ery may dete►mine w�thout regerd to the adequecy of sny
<br /> secudry lor the Indebtedness secured hereby.
<br /> y (b) BeneNcfary shall, wlthout rego►d to the edequacy o!sny secunry lor the Indebtedness socured hereby,be enhtled to the
<br />-�_ ' �� appolntrrrent of a rec�lve►by any couri having�urfsdfcGOn,without nodCe,to take possession ol, protect,and manage the Trust
<br /> PropeRy and operate the same and col►ect the rents,ls�ues and prolits the�efrorn.
<br /> � (c) BBneNciery may bring any aCtJOn In any couK of competent�ur(sd.+ctfon to loreclose thrs Deed ol Trus t o�enforce any ol the ,
<br /> covenents hereo/. � I
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