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<br /> � ,;p;��. •� (y)If Truttor If�not an Irtdlvtdual.the lauance,eate,traneter.eBSl�nment conveyance or enoumbrenae�ot more then a totai �"��<�===—
<br /> of�p�rc�n4 ot(N a corporatlon)Its Iseuad and ou�standlnp etook or(if a partnerahip)a total of pereent of ----
<br /> p�rtn�nhig Intrrats durinp ths psrtad this Osed ot Truat remafnt a tlsn on ths P�operly.
<br /> • : ;, , 1Z,11wnwfiKt AoalKatlon tlpon DM�uN.in theevent ot any Ewnt ot DNauit Wndet mey,without notice excepta►eQulred by
<br /> ., >:.�..
<br /> I�w,d�al�tr�s�l Ind�bt�dn�wound h�nby to be du�and p�yabts and ths ame ehsll thereupon become due esnd payab�e
<br /> ` wlthout anr r�nfnant d�mand protNt or noUc�ot�ny kind.Th�nsfhr L�nd�r m�y.
<br /> • - • ' � ' (a) �em�nd that Trustee exerola the POWEp OF BALH araAted heretn,and Truatee ahnil tt�ereaRer ceuse Truators �,__��__
<br /> - '. ��-� �'� ��� - InUnat le ths Properiy to bs sold and ths proaeeds to be disblbuted,ali in the manner provfded In tFie Nebraska Truef Daeda � -
<br /> • . .:�''�. Aok __
<br /> '�� `�� ' :�•j�� (b) Exeralse any and ali rfphb provided for in sny of tP�e Loen Instrumenb or by law upan oeaurrence oi any Event of =
<br /> -- :- , .•. „`� ; Oataul�and
<br /> ;, � ,.•� �=�_-�=
<br /> ���•'� (o)Commsace an aation to torectose thfs Oeed of Truat aa a moRpaQe,appoint a recelver.or speeiflaaliy entoree any ot the =•=�'
<br /> � ,� °. .. .' ' covenanu hereo}. r�..�,-;_
<br /> • No remedy hereln eonterred upon or reaerved to Trustee or Lender ia fntended to be exctusive ot eny other�emedy horein,in the �'�����;
<br /> , '; • ., ���_�-
<br /> , Loan Instruments or by law provldad or psrmitted,but each ahal�be cumuladve,shnU be in additlon to every other remedy given �� -
<br /> ; u. hereunder,in the Loan Inetrumenta or now or hereaRer exisHnp at taw or In eqWty or by etatute,and may be exerelsed oonourrendy, �-�
<br /> '. Independenby or euccesetvety. !'�""---
<br /> „ .� . � 13.TiustN.The Truatee may resipn at any time without oauae,and Lender may at any dme and without oause appoint a �- -�
<br /> m.=,=,r.:"�
<br /> ,�/ euecesaor or eubatitute Trustee.Truatee ahnli not be Ilnbie W eny party,inotudinp without Ilmitado�Lender,8orrower,Truetor or any ����---
<br /> �� „ purohaoer of the Praperty,tor any loas or demage un�ess due to reokieea or w111tui mieconduat,and ehall not be�equired to take eny �,"�';�`"�=•--
<br /> j �� aedo�in eonneatlon with the eniorcement ot this Deed ot Trust un�ese indemMtled,in wridng,tor alt ooate,oompeneauon or �:��.`�=
<br /> � , ".,�� expenaes whloh may be assoofated therewith.tn addlUon,Trustee mey become a purahaser at any eate of the Property Qudtolal or �'�.�-;-
<br /> � • �� _� - undor tho powor,of ea�e gra�ted herein);poatpone the eale ot ail or any portfon ot the P�opery,as provided by lew;or seil the ::;�;�;-=,-
<br />.�-- t ,.'--- ---- ;- Properly 8s a whole.or in aeparate parcels or lots at Trustee•8 disoretton, - � _-
<br /> ; .. 14. R�ts and Expsma.ln the event Truatee sells the P�opsrty by exercise oi power ot seie,Trustee ahall be entiUed to appiy ; u
<br /> any eaie proceeds Bnt to payment of atl coata and expenses ot exerclsing power ot eale,ina�uding all Trustee's fees,a�d Lender's . --___
<br /> and Trostee's attorney's fees,aatual ly inourred to extent permitted by appticabte Iaw.In the event Borrower or Truator exercisea any � _
<br /> � rfght provided by law W aure an Event of Detautt,Lender shell be entlGed to recover irom Trusta�ali coste and expenses aotualiy
<br /> incurred as a reau�t ot Truator's detault,Including without Ifmitadon all Trustee's and attorney's tees,to the extent permitted by , •�--_
<br /> „ appliaab�e�aw. • : -
<br /> " 15. Futur�Adwnaa.Upon request of Borrowe�.Lender may,et fts option,meke additionai and future advances and re- � �
<br /> , adva�ces to 8orrower.Suah advances and�eadvancea,with interest thereon.shall be 88cured by thls Deed of Truat At no dme shali �
<br /> � � the prinalpal amount of the indebtedness seoured by this Oeed of Trust,not including sums advanced to proteot the securtty of thie _ _
<br /> Deed ot 7rust,exeeed the o�iginat prinatpat amount stated hereln,or a � , whiohever is greater. , • -
<br /> 18. Ml�dpanwttt Prorblons. �' �
<br /> ° __�____.__._____. (ej Bonow�r Not RN�s�ed.Extensfon of the time for payment or modification ot amordzetion of ihe suma secured by thia --� �
<br /> - -----.—. ,_
<br /> . - Deed of Trustgranted by 6ender to any suacessor in intereat ot 8orrower shatl not operete to►eteese,in any manner.tha iiabiiiry °`� ° • .
<br /> of the originai BoROwer and Borrower's succeesors In interesG Lender shall not be requlred to commenca prxeedings againat
<br /> • such successor or refuse to extend time for payment or otherwlae modlty amortiration of the sums secured by thia Oeed ot Truat , �� -F
<br /> �� by reason of any demsntJs made by the orlgi�al Borrower and 8orrowePs euccesaora in interest
<br /> (b) LN�der's Powen.Without affeeting the Ilablilty of any other peraon Ilabia tor the payment ot any obligaUon herein •
<br /> mendoned,and without affecNng the tlen or charge of thia Deed ot Truet upon any portion of the Property notthen or theretotore
<br /> released as seau�lty tor the full amount of ai�unpafd obligeHons,Lender may,trom time to Ume and without nodce(1)reiease any '��-.�
<br /> ' peraon so Ilabte,(ly extend the matunry or alter any of the terms ot any such obligations,(Ili)grantother Indulgences,(Iv)�eiease
<br /> ar reconvey,or cause to be reteased or reconveyed at any tlme at Lertder's option any parcel,portion or ali o}the Propeny, r �
<br /> (v)take or reiease any other or addltlonai securlty tor any ob8gation hereln mentioned,or(vt�make composidons or other ; � ,
<br /> �I:' arrangementa with debtors in relaUon thereto. , , �
<br />�:, (c) Forbea►anas by Lender Not a Waivet.Any(orbearance by Lender in exerctsfng any rlght or remedy hereunder,or i
<br /> ,, otherwise afforded by appiiceble law, shali not be a walver of or prectude the exercise oi any such right or remedy.The � , ' ,Q_
<br /> � , procurement of insurance or the payment of taxea or other Iiens or charges by Lender shall not be a wafver of Lender's rlght to ���v.,�. �
<br /> ecceterate the maturity of the Indebtedness secured by thls Deed ot Trust. ."t°,- "�-
<br /> r•.:•
<br /> (d) Succersors and Assl�ns Bound;Joint and Severai Llability;CapNons.Tt�e covenants and agreementa hereln con• I t�
<br /> � tained ahell bind,and the rights hereunder sheli inure to,the respechve succassors and asslgns of Lender and Trustor.All • ��-
<br /> covenants snd agroaments ot Trustor�fiall be Jolnt�nd several.The captlons and headings ot the pareg�aphs of this Deed of - , �,�!-_°_
<br /> Trust are tor convenience on�y and are not to be used to Interpret or detine the p�ovistons hereof. i -"y
<br /> (e) Rpuest tor Notieei.The partles hereby request that a copy ot any nottce ot default hereunder and a copy of any notice •1�;
<br /> of eale hereunder be malied to each party to this Oeed of Trust at the addresa set torth above In the manner prescribed by ,
<br /> applicabte taw.Except tor eny other nollce requlred under appliCeble law to be given in enother manner,any notice provlded , � �'!
<br /> for in this Oeed ot Trust shali be glven by malling such notice by certi}fed mall addreased to the other parties,at the address set K,:
<br /> forth above.Any nottce provided for In this Deed ot Trust ahall be eHective upon melHng In the manner dealgnated herein.Ii
<br /> T�ustor Is more than one peraon,notice sent to the addresa set forth above shali be notice to aIl such persona. ,
<br /> (n (nspectton.Lender may meke or cause to be made reasonable entries upon and inspections of the Property,prov{ded
<br /> that Lender shait give Truator notice prior to any such inspectlon specifying reasonabie cause theretor retated to Lender's s
<br /> interest in the PropeAy.
<br /> (g) R�eonveyanee.Upon peyment ot alt sums secured by this Deed of 7rust,lendvr sha{t request Trustee to reconvey the ".
<br /> . Properly end shall surrender this Oeed of Trust end all notes evldencing indebtedness secured by this Deed ot Truat to Trustee.
<br /> Truetee she�t r@COnvey the Property without warranty and without charge to the person or peraons legally entitled thereto.
<br /> ' � Truetor Shali paq 8It costa ot recordatlon,it e�y. '
<br /> (h) Perso»al Propert�l;Saeu►ity A�reement. As additlonal securtty for the payment oi the Note,Truator he�eby grante
<br /> Lendet undet the Nebraska Untform Commercfel Code a security interest in alt fixtures,equipment,and other persona�property
<br /> � used in connectlon wlth the reai estete or improvements located thereon,and not otherwise declared or deemed to be a part of
<br /> the rea�estate seCUred hereby.Thla Instrument shail be construed as a Securtty Agreement under sald Code,and the Lender
<br /> shail heve att the rlghts and remedlea of a secured party under sa�d Code in add�tion to the righta and remedles created under . .
<br /> end accorded the Lender pursuant tothis Deed ot Trust;provided that Lender's rights and remedfes under this paragraph shall � •
<br /> be cumulaUve with,and in no way a Ilmftation on,Lender's rights and remed�es under any other securiry agreement signed by .
<br /> Bonower or Trustor. •
<br /> � � (1) U�ns artd Encumbrence�.Trustor hereby warrants and represonta that there is no default under the provlslona of any �
<br /> ;
<br /> - - —� --�- � - --- -- �--� -••. -• •---- --- --�--- ---••--•J----:�.---^---_••--.._�..._�___...... ....,.M_....._.._,..,.._......._......
<br /> -- ' " T- " � mvrcgago.uoou v�uuai.I{TG6Q V(�7UI41tQOQ 1rV11Ua�r�VQaM��V���b O��Vt Ot���1q��v����o� �vr�+����v�v��rV�v�����uvY���a���r�r`s�r�v� •
<br /> � 8greement Constttuting a lien or encumbrence eAai�st alt or any part of the Property(cotlectively,"Liens"),exlatfng as ot the
<br /> date ot thfs Oeed of Trust,and that any and atl existmg Liens remain unmoditied except as disclosed to Lender in Trustor's
<br /> written diacloaure ot liene and encumbrences providecf lor herein.Ttustor shelf timely pertorm a�{ot Truetoi s oblig8Hon8,
<br /> , coven8nta,representgtlone and warr8nttes under any and alt existing and future Liens,shall promptly torward to Lender copies •
<br /> ' of alt notlCes of detault sent in connechon w�th any and eli ex�st�ng or tuture L�ens,and shall not without Lender's prlor written �
<br /> �' consent in any menn9r modity the provislons of or auow any tuture advnnces under any existing or tuture Ltens.
<br /> �) Appticaton ot Paym�nb.Unlesa otherw�se reqwred by law.sums pa�d to Lender hereunder.Includfng without�imitation
<br /> peymenta ot prfncfpal and Int�rest.Insurance proceeds.condemnation proceeds and rents and prohts,shail be epptied by
<br /> ' Lender to the 8mounta due and owl�g trom Truetor and Borrower�n such order as Lendar�n�ts sole d�scretion deems des�reble.
<br /> � , � (k) Sw�r�bllity.it any prov�s�on ot th�s Oeeri ot Truat conil�cts w�th appl�cable Iaw or �s decl�red mv8lfd or otherwtse
<br /> unenforce8bte.8uCh COnfltCt Or fnvalldity eha�l not ettect the other prov�eons of th�s Oeed of Truet or the Note wh�Ch Can be
<br /> ,„ given effect without the contHcting provlsion,and to thia end the prov�eiona of th�a Oeed ot Trust and the Note are declered to be
<br /> . severable.
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