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<br /> • R!RECARpE ��4°` 1,U�.3�O
<br /> - � g4w�����ts�oleartd abaatute dlaoretion,to appty all wcb Proawds,
<br /> tM Ptops�ty li so tak�n or damtpad,Lend�r�hall hev�th�op o �
<br /> - aMr d�duCtinp th�retrom�II coiri�nd oxp�nqs Inauryd by It in conn�otion with autsh Procae�it,upon�ny Ind�bt�dmw araund
<br /> h�nby�nd in woh ord�r a L�nder may d�termine,or to apply alt�uoh Proceeds,atter suoh ef�duo0on�,co the raatontton of ths
<br /> Prop�rty upon ivah conm�ente under the N tetlor au►e�ny�defiutttb�r�ndur or�har und�r.�Any ua pplA�id turtdi�ahaii a�1�
<br /> -_ ---- t7►v dua d�to at any p..y
<br /> : $_.� =� Tru�tor.
<br /> 8, p��na�by Lac�dcv.U�on th�ocourronoo of an Event of�elaultherounder,or It eny act Is taken ar lepal proae�dlnp � . _ _ ,
<br /> oomm�nced whlaA m�urlatly�N�abl�nder's Intero�t in th�Propoety,l.Anderm�y in Its own disorerion,but wlthout obtlpatton todo
<br /> �o,and without notias to or dsmnnd upon Trustor and without reteasinp Tn,stor lrom any obllpetlon,do any aat whioh TruKor has
<br /> ;� apreed but talls to do and msy etsa do any other aot It desms neaeseary to proteat the eeaurity hereoL Truetor ahe�it,lmm�diatety
<br /> upon demandtheretor by Lendar,p�y to Lender sIi aoats and expensea incurred and suma expended by Lender in conneoUon with
<br /> theexerolss b Lender of the torepoinp riphts,topether wlth interest thereon nt the defeuit�ate provided In the Note,whloh ehail o
<br /> � • added to ths indebtednese seaured hereby. Lender ehail not Incur any Ueb1ifty beoauae of anythinp It may do or omit to
<br /> , he►eurtder. ----
<br /> 9. Hes�rdous M�t�rlau.Trusta ehell keep the Property in eomptlanae with all apPllcabie laws,ordinancea end repulallons
<br /> ►AlaUnp to industriel hypiene or ernironmental proteallon(colleotivety refe�red to hereln aa"Environmental Lawa'�.Truator shatt
<br /> keep the Property t�ee from atl subatenaes deemed to be ha�ardoue or toxia under any Environmentat Lawe(colleaUvely�eferred to
<br />�`/ . "� ; herein ao"Hazerdoue Materials"►.Trustor hereby warrants and represents to Lender that there are no Hazardoua Materiaia on or � �
<br /> - •+ ��_,�, - under the Property.Trustor i�are�y aQreea to indomafty and hold hsrmlese Lender,!te di►eotere,eNiaera,emptoyeea and agenta.and __ � _�_
<br /> any suoaeaaors to Lender's intereat from and apalnat any ar�d all a►aimo,damages,Iossea and Ilabllldes arisinp in connecGon with
<br /> �• . the preaenae,use,dispoaai or tranepart of any Hezeirdous Materlats on,under,irom or nbout the Property.THE ROREOOtNG
<br /> ez
<br /> �fiR�•-<,� ��''�►� � WARRANTIESANpREPRESENTATI0N9,ANDTRUSTOR'S08LIOATIONSPURSUANTTOTHEFORE�OWCiiNDEMNITY,SMALL `
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<br /> - '°�-�"''`°`'`-� �tlRVlVE �tECONVENANGE OF THIS DEED OF TRUST.
<br /> �;":'=' �� � 10.As�ipnm�nt of R�nts.Trustor hereby assi8ns to Lender the renta,fseues and protits of the Properiy;prvride�f ti�at �u�ar �-�:;;.. -
<br /> �� � shali,undt the oceurrenee of an Event oi Oetault hereunder,have the right to colleat and retafn suoh rents,issues and proflte ee Mey _1,.,�
<br /> -�•� •r • become due and payabte.Upon the ocaurrenae of an Event ot Detault,Lender may,either In peraon or by agen�with or without �___
<br /> `��� �� � brinpinp any aadon or prxeeding,or by a receiver appointed by a court and without repard to tho adequacy ot its security,enter � ._y,'+�;:,
<br /> • upon and take possession ot the Property,or any part thereot,in Ita own nameor in the name ot the Truatee,and do any acta whioh it �r�'��;=.__
<br /> „ :, . �. ' �t .:__
<br /> •� deema necessary or deairabie to preservethe vaiue,marketablliry or rentabiliry of the Properly,or any part thereot or Interestthereln, ti, • :t.; -
<br /> ' inarease the Inoome thereirom or proteat the seaurity horeof and,with or w{thout taking possesslon ot the Property,sue tor or ' �K�,�r _
<br /> otherwise ooliect the�ente,issues and proflts thereof,inctuding those past due and unpald,and apply the same,tess costs and ��_:_-4
<br /> expeneea ot oporatlon and colieation Inoiuding attorneys'tees,upon any indebtedness aeaured hereby,aIi in suoh order as Lender �
<br /> " may determine.The entering upo�and teking poasesaion of the Proporty,the colleation of suah renta,lasues and profits and the •. '�,�„_
<br /> applicaUon thereof as aforesaid,shalt not aure or waive any defeuit or notke of detau�t hereunder or Invattdate any act done in ,� . . �
<br /> .,_ ,, responsetosuahdetauitorpursuanttosuahnoticeoidetaultand,notwfthstandingthecontinuancelnpoasoasionottheProperryor • .A�
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<br /> - the aollecdon,reaeipt and appli�saUon of rents,l�uss ar protits,and Truatee end�ender sheil be entiUed to exerclse every riqht .
<br /> provided for In any of the Loen Insuuments or by law upon occurrence ot any Event of Defauit,inaluding without�imitetlon the�Ight •
<br /> s W exerolae the power ot eals.Further,Lender's righta and remediea under thls paragraph shali be aumuiative with,and in no wey a ,
<br /> ' Ilmitadon on,Lender's rights and remedlea under any asaignment of leases and rents recorded against the Propery►.Lender,Trustee �.h•
<br /> and the recelver shail be Ilabte to acaount only for those renta actualty recelved.
<br /> 11. Ev�M�ot Detaul�The toilawing shall conaUtute an Event ot Defauk under thls peed of Ttust , .
<br /> (bj A b each of o defa it u der any provislon'conteened in the N te,th8s 0 ed of T ust,anyyof t e Loan�instrumenls,or eny � !` �� :
<br /> other�len or encumbrance upon the Property: ��,. 1
<br /> • ' (o)A wrlt of execution or attachme�t or any slmlier process sMeil be ente►Ad agalnst Trustor whlch ehall bACOme a iten on
<br />- the Property or any portion thereot or intereat therein; �,. p
<br /> • (d�There shatl be filed by o�ag9inst Trustor or Borrower a�actlon under any present or tuture tedera�,state or other �_
<br /> � stetute,taw ar regu�etlon relating to benhruptcy,fnsotvency or ather reilei tor debtors;or there shall be appointed any trustee, ti; ,
<br /> receiver or liquldator ot Trustoro�Borrower or of al�or any part of the Property,or the rents,isaues or protite thereot,or Truator �{j����
<br /> �� ° or Borrowar shalt maka any general assignment tor the benetit of creditors: , "
<br /> • (e)The saie,tranefer,leaee,asalgnment,conveyance or further encumbrance of att or any part of or any interest in the � -y�l��
<br /> Property, elther voluntarl�y or Involunterlly,without the expresa written consent of Lender; provlded that Truator shall be y�� .
<br />_ permitted to execute a tease of the Property that does not contaln an opqon to purchase and the term of which does not exceed
<br /> - _ . ., . one year; .. ..
<br /> . (Q Abandonment of the Properry;or . .
<br /> , (g)If Truator is not an Indlvldual,the Isauance,eale,transter,assfgnment,conveyance or encumbrance ot more than a total
<br /> p} percent of pta corporation)Its leaued and outstanding stock or(If a partnership)a total ot percent ot •
<br /> ' partnerahip interests during the perlod this Deed of Truat remains a ifen on the Property. � • �
<br /> �• 12. Remedier,Acceleratlon Upon Detauit.ln the event ot any Event of Deteu�t Lender may,wlthout notice except as required by
<br /> � taw,declare e��indebtedneas secured hereby to be due and payable and the seme shail thereupon become due and payabte i
<br /> without any presentment,demand,proteat or notice oi any kind. Thereafter Lender mey:
<br /> ' (a) Demand that Truatee exerclse the POWER OF SALE g�anted hereln, and Trustee ahail thereafter ceuse Truator's �
<br /> • � � Interest In the Property to be soid and the proceeds to be dlstributed,all in the manner provided In the Nebraska Trust Oeeds
<br /> Ac�
<br /> � �b) Exerclse any and ali rlghts provided tor In any of the Loan Instruments or by law upon occurrence ot any Event ot I
<br /> � ! Defaulfi and f
<br /> (C)Commence an acllon to foreclose thls Deed ot Trust es a mortgege,appoint a recefver,or specfflcatly entorce any of the i
<br /> � covenents hereot.
<br /> - No remedy herein conferred upon or reserved to Trustee or Lender Is Intended to be exctusive of any other remedy hereln,tn the
<br /> ' Loan Instrumenta or by law provtded or permitted,but each ahait be cumulatfve,ahall be In addltlon to every other remedy given
<br /> � hereunder,in the Loen Instrumentsor now or hereatter exlsting at taw or tn equlty or by statute,and may be exercised concurrentty, i
<br /> � Independently or success►vely.
<br /> 13. Trustee.The Trustee may resign at any time wfthout cause.and Lender may at any time and wlthout cause appolnt a
<br /> ' ' ' euccesaor or eubatitute Trustee.Trustee shall not be Iiable to any parly.Including wlthout Nmitatlon Lender,Borrower,Trustor or any
<br /> � purchaser ot the Property,for any�osa or damage unless due to reck�esa or wiliful mtsconduct,and ahall not be requfred to take a�y
<br /> ' � action in connectlon wlth the enlorcement of this Oeed o}Trust unless indemnftled, fn writing,tor att costs, compensation or
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<br /> expeneea which may be a8soclated therewlth.In additlon,Ttuet@e m8y DeCOme a purcnaen�&i 6i�ji oo�o:.�...o. r�••i v--•-•-•-•
<br /> �• under the power of saie granted heretn);postpone the sate of eiI or any portlon of the Property,as provided by law:or sell the
<br /> �-. � ': G Property as a whole,or In separate parcels or lote at Trustee's discretton.
<br /> { 14. Fe�s and Exp�niss.In the event Trustee selta the Property by exercise ot power ot saie,Trustee ahalt be enriNed to apply
<br /> �, ± ' any sele procaeds ffrst to payment of all coata and expenses of exerc ising power ot eale,inc�uding ail Trustee's feea,and Lender's
<br /> !� �� and Trustee's attorney's tees,actuaily incurred to extent permltted by appiicable law.in the event Borrower or Trustor exerclses any
<br /> , � rlght provided by�aw to cure an Event of De}ault,Lender shall be enicttled to recover trom Trustor ali coats and expensea actually
<br /> inourred as a result oi Trustor's defauit, fncluding without Iimitatfon ail Trustee's and attorney's tees,to the extent permitted by
<br /> �' : � �� ePPlicable lew.
<br /> y " i6. Futurt Advanees. Upon requeat ot Borrower,Ldnder may, at fts optlon,make additlonn� and tuture advances and re-
<br /> ., � advances to Borrower.Such edvances and readvances,wtth Intereat thereon,sha�l be secured by thls Deed ot Truat At no time shali
<br /> � the p�tnclpal amount ot the indebtedness secured by this Deed ot 1 ru at,���n���r�uma aWh�he e�o s roteo,�t t'e security of thla
<br /> • Deed of Trust,exceed the original p�fncipal amount stated heroln,or a 9
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