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<br />�`i"y�7f'��'�'"'���`'` 1Q. �i0V�i7�iif7 tl/rlUSivl El1�`h R��pcctto Gec�JS. ���ilifdUt tn�7 jOtIL`I L'l.•��fcn cvns^Rf OI Q9�76ii�lary,TrustorChrJ!nQt,dlrc�fly orlrrdirect��, _
<br /> ' c,�<<�r.��;���r ro cr,y rc�co o9C,�dCC�ln It7o�rtr;P Pr��eri�J,or c.ny partloji Ihcreol, ��h�tFi�r auoh►ar:so la no.�ar ircrocfr�r In o�dct�ji�o: -
<br /> " , � (n) l:r,r;,�?ct���rr,�lt rny pr����yr.�r.nt,�:ir,r,aunJ ar r.r;u��r:r,o�ny�7cnt r.a9 f�c�?h��,trnra'cr In ar.cc;:n oD ono rnQn7i�, .
<br /> ��� �iCACG10I f�Ji0G1CCJ ffJ�^�fii�,t)I C.GCCPP t`til/C:'i7C:I:^II(11T,�CIIliIlfC�f'Ofl lJl GUfiCilCiC/fil�ii,D/OY(1�/fi7(1 C.17j/OVGi)P f0(7CCUY l'JlJ�Gf)l�1GLi!�
<br /> 0.^,.�UI'L�i�l"t?Jtl(Ic1P fD fi,iii7;nata or cn�7ce1 tt�o�r.mp,oS.7or f�ysn t�r�r�lnaUan for nor�pnymonP ol rmit, -
<br /> r.��• • (c) Amend or modlfy iho samo so as to reduae tl�o tarm fheroof,the ronta�payable tl�areunclor,nr[o chsnpa any raneuvel provls!ans ��
<br />:�,�,__; . . thora;n conta/ned, �-_-
<br /> �- -==`_,ri.h�7leF7.� �
<br /> .�v. x•�M=�w�,:. (d) Welve any default thereunder a breach thereof,
<br /> - . (t�) Gltve nny cnnsenP,�valvo�a approvt►!tharountlor a tako any ather c�cfle�n!n connectlon therew/th,Or wllh A fBSSOH t118fBUnC.BI,whlCh °-"-�`�°
<br /> -- `'.:.�- � ; would Bave the elfect a!lmpalrin the valua ol the lessor's fnterest thsreun�er or fhe propert�subJect thereto,or of Im elrUi the
<br />-=�=="���!iMe, a P 9
<br /> m,;yF j:`,;_�;�;'� posltlon orinterest ol B9neflclery thereln,or
<br />;?�;•.;;: „ (/) Sell,esslgn,pledge,mortgage or othenvlso dlspose ol,or encumber ll�Interest ln any saltl leaso or sny renVi,lssues,pro/its lsauing
<br />_. ° ".`;���:;;: ��� oredslrtgthereunder.
<br />_,:,;::� • . --
<br />,_��� ��� 17. Wniver af Stetuto ot Umltallons.TJme!a of the essence!n ell ol Tiustor's obllgeflons end duties he�ounsfor,and to the extont permlited
<br /> �;d,�:��":,, �,:�;;, by law,'T�rstor walves all preseni or luture etetutes ul!ImlfaPJons wlth respect ro eny dobt,demnnai o�obllp�stlon se�:�rod heroby end
<br /> i� '� - • any acUon or proceodlnp fer the purpose o1 enlacln�thls d�eed nf Trust o�eny d�bts or►emedies Conteined hereln. �--
<br /> `"�' �";i,. '� �' � i8. Asslgnment of Depostts.In the event construcNnn ollmprovements!s contemplatad by fhe foan evl�enced by the Note secured
<br /> ,:•:�.,,.
<br />�"�" '�; � hereby,as addlBonal secudry theretore,Trustor hereby Uansfdra and essJpns to Qeneflclery,ail dght,Btie end/nfen�st to any ancl all
<br />=y��� '. �". monlds deposlted by a oh 6ehall ol Tiustor wlch any clry,couniy,publlc lbady ar agency,s�►�ltary dlstrlcP,u1111ty company,and
<br />="" ' ' : ' sny othei body or agoncy.fa fhe Installatlan o�to secure the fnstallatlAn ol eny uNllry by Tiusta,pertetNng to the Trust Prflperty.
<br />=•t• ,�:�' '� ` 18. Corporatlon or Partno�shlp Exlstance.!I Trustor Is a coipaeUon,generel partnershlp,or Ilm/ted partnershlp,!t wll!do e!!Hrings
<br />-�'1!,>-.,.. ~ ��''�• necessary+to preserve!ts corporete ov partnershl,a exlstence,As tho coso may be,and all rlghts and pnvlfeges undei the/aws ol tha
<br />��;;" ., ,�: atate ollls l,�corparatlon or orgenlzaHon.
<br /> ' �,: • 20. Farbesrancu by Beneflclpry Not a WAlver.Any forbearanc�by Beneflclary ln exercls/ng any rlght or remedy hereurrder,or otherevlse
<br /> allorded by eppllce6le law,shall not be a walve,�ol or preclude the exerclss of any such Aghi or remedy.The procurerr.ent of
<br />���- � � " insurence or the payment of texes or thr�discharge ol/lens w charges by Baneflclary�ha!!not bo a wetver ol Bene!Iclary's rlght to
<br /> ' acaelerete the mafuriry of!he/nde6tedness.
<br /> '� ' '' ` 21. A�medr��umelab !remedles rov/ded ln thfs Dr�etd af Trust are dls8nct and cumuletive to an other r! ht or r�med under fAia
<br />_�:+�;;?-,,i;,•. Y��al P Y !l' Y
<br />• ; ;:�,��,r,,, DBed o1 Tr b o�eflt?rded hy l,s.w or equlry,and may be�onorclsed concuriently.lndepondenUy o�succssslvety. �t;
<br /> � v��;�,}�.���' . 22. Succecsors an dAsslgns 8ovnd;Jolnt ertd Sevorel LlRb!lj3y,•CapUons.The covenants�nd agreementa hsreln contafned shall t�fn.�,�and
<br /> �'�'.�`"`'' '�r' tho rlghts he�eundo�shAlf lnuie to,tha respeailva successo�a and asslgns o1 Baneficlary,Trastee,�nal�Yustor.All covenants c�nd '
<br /> .,,�.,. ,. , ,
<br />�1�"�:"''��• . • aDreement�of Tiustar shalf be Jpint and sovor�nL The capNons and headinga of the parar�r�phs o!thls�Da�d of Tiusf are lor
<br />_ •.��:,,��.,�.. convenlence onty and are not fo be used ta lnfo�pret a�deflne the provls/ons hereof.
<br /> � ,;,:�.;•;;.; • � 23. Not/ce.Excep!for any noUcs�equUed urtder spplicabJe law to be glven fn anofher manner,(e)any notice to Tiusto�prov'ded lwln lhls
<br />• :� ,�;;,` Deed of Trusi sha//be glvon by melling such notice 6y cortNled m�lJ,retum iscelpt requestod addressfld fo trustc�at lts maping
<br /> . :'--,.-._ 8fJ!//B.iS SB2�O/lIl&bOVB Ol 8�SIlCfI OlI10l&CICIIr)S9 89 T�/USfO/lllBV dBSI0Aflt0 b,/AOtICA f0 QNnAIl¢1RN F1R fl/AV1AfFl(!halll�Inj Rlld fbl AtIV _
<br /> - . .-..--.. _ _.- .
<br /> , �• ►roNCe to 8ene11Cfery o►Tiusteo shall be glven by ceRJl7ed ma!!,returri recelpt requested,to Beneflclary's and 7rustee's mal!!ng
<br />_ address stated heroln or fo suab other sCdress es BeneRclery or Tiustee may deslgnute 6y noUce to 7n�stor es provlded hereln.My
<br /> notice provlded for/n thls Deod ol Trust sha11 be deerned to have been glven to Tiustor,Benef/clary or 7iustoe when glven!n the
<br /> mennor desfgnated herefn.
<br /> 24. Qovemfng Law;Severablliry. Thls Deed o1 Tiust shaA be governed by fhe laws ot the Stete ol Nebreska.fn the even!eny provlslon o�
<br /> ' ' clauso ol fhls DeQd o1 Trust coniiicts wlth appllcable faw,such conlllct shall not a//eci other provlslons of thls Deed ol Tiust whlch can
<br /> bo glven eHect wlthout the conlllcUng provlslons and fo th(s end the p�ovlslons ol thls Deed ol riust ere declared to be severeble.
<br /> � 2b. Events ol0efrtult.Eaah o/tha lollowing occwrences shell constltute an overtt o1 delault hereundor,(heroirtalter ca;fad an"Event �.
<br /> „ o�DelaulY): �.
<br /> • • • • • (q) Tntstor ahafl fel!ta�ay when due sny pdnclpal,Interest,rn pdncfpal endlnterest on tho Indebtednt�ss, �
<br /> (b)My warranry ol UUe mado by Trustor hereln shali be uniruo,
<br /> . . (c) Tiustor shaU fa11 to observe or peAorm eny ot the covertants,agreements,or condlUons In thls Deed of Trust �:=
<br />"�� `�`'. . . (d)My representeilon or wanenty made by Tru;ror on sny/lnancial statements ar reports submttted to Beneflclary by or on behal/of "F''
<br /> - ,. , . �>. • . Tiustor shell prove telse or materlally misleadlrtg, ,�.`'.
<br /> , •. . (e) Trastoi shsll lall to pedonn or observe eny ol the covenants,condldons or agreamonts conts/ned!n,or binding upon Tiustor undei •
<br /> any bullding loan sgreement,security sgreement ivan egraement,llnancing atetement,or eny other sgreoment lnstrument o�
<br /> � document executed by Trustor In connecdon wlth the loan evidenced by the Note, •
<br /> (� A husi�ee,recelver or l/quldeta af the Trust J�roperty or of Trustor shall be appolnted,or any ol the credito�s ol Trustor shall lile b
<br /> . • petlUon/n bankrupfcy agalnst Tiustor,o�lor the reorganlzaGon ol Tiustor pursuant to the Federel Bankruptcy Code,or any sIm!!ar
<br /> law,whether federal or stste,end!/such order or petl6on shall not be dlscharged or dlsr.rtssed w/thln thl�ty(30)o'ays after tho date
<br /> _,� :�• on whlch such order or potitlon was tiled,
<br /> _�: , (g) Tiustor shal!/ilo a petftlon pursuant to the Federal Bankruptcy Code or any slmtlar lew,tedernl or state,or!/Tiustor shall be
<br />�� ad/udged A 0ankrupt,o�be d@clered Insolvent o�sha/l make r�n esslgnment(oi the benefit of creditors,or shall edm(t In us�rfUng Its .
<br /> lnabt!!ty to pay fts debts as they become due,or sha11 consant to the appolntment ol e recelver ol a0 or any part of the Tiust Propeity,
<br />_�•,. (h) Flnal/udgment foi the psyment o/money shall be rendered egalnst Trustor and Trustor shall not dlscharge the same,or causo it to
<br />� � be dlschaiged,wlth/n thl�ly(30)days alter the enUy thereof,or shell not eppeal therefiom or Irom the order,decree or p�ocess upon
<br />_ whtch or pursuant to which sald/udgment was granted,based,or ente�ed,and secure a stey of exoculion punding such appeal,
<br /> . (i) Trustoi shall sell cv Convey the Tiust PropeRy,or any parl the�eol,or eny Inte�est thereln,or shall be diveated of!ts tJtlo,or any Interest
<br /> theretn,tn any manne►o�way,whether voluntarily or lnvoluntadly,withoat fhe written consont ol Beneflclary being first hsd end
<br /> � � obtelned,or
<br /> (j) Il Trustals a corporatlon or partnershlp snd more Ihan fifty percent(b0°/a)of the shares oi beneticfal lntorests!n such corporatton or
<br />_ • partnorshlp,as the case may be,shall be trensferrsd or conveyed,whether vofuntertty or lnvoluntar!!y,wlthout ihe wdtton consent ot
<br />-. � Berteflclery boing flrst had and obtalned.
<br />�; � �� 28. Accelerat/on of Debt;Foreclosure.Upon the occurrenco of any Event of�efault,or any tlme theroafter,Benetic/ary may,at(ts optlon,
<br /> declaro a/l the Indobtedness secured hereby lmmedlatoly due snd payab/e and the sumo shal!boar lnteres�at tho default rate,!t any,
<br /> r• � �� set farth In the Nofe,or ofhenvlse at the h/ghes?rate permftted bylaw,und,lirospective of whather Beneficlary exercfsos sald opUon,it
<br /> -;� . ' may,at!ts oaflon and!n ifs soie dlscretlon,wfthout any further noNce or aemand to or upon Tiustor,do one or more of the following;
<br />- � __ _ _ (a) Benefrclsry may ontar uport,take possessWn of,ma�nage end ope�ate the Trust Proneriv or anv ve�t theroof.•make renal�s and
<br />= �` - -- -� fl(ter&Uons and afo nny ecYS whlch BeneTiclary daems propvr to protect tha secur/ry theieof,ertd elther with or wlthaut taking �
<br />_ � possQSSlon,ln ifs own nctme,suo fvr or oUtenvisa co/lecf snd receive rents,Issues and prolits,lncluoing those past due end unpaid, �
<br /> . and epply tho seme,less casts and expenses of operatlon and col/ectfon,lncluding reasonable aKOrney/ees and Bene/Iclary's
<br /> costs,upa�tho lndobtednoss secured horeby and in such order ns Bonefictary may determ/ne. Upon request ol Benelictery, Trustor
<br /> , � �• shel!essemble and shull make ava/lable to Beneficr3ry ony of the Trust Property whlch hes been�emoved. The entering upon and I
<br /> t,. taking possossfon of the Trust Property,thv colfecllan o!any rents,/ssues and profiis,and the appllcatlon the�QOf as aforesaid,shall ! �
<br /> • � rsot cure o�waJve any dEfault theretofore or therealtaracCUrrfng,o�alfect sny noNce o1 default or notice of sale he�eundor or
<br /> " lnvalldate any act dona puisuant to r�ny such notice_Norivlthstend/ng Benellclary's conNnuance rn possessl�n w�ece�pt and
<br /> .'�'� flppllcation of ranls,lssues or pro/its,8eneficfary aha7 be enUtled to exerclse evory rlght provJdod for In thls need of Trust ar by law
<br /> . , °` upon or a/ter the occu�renco of an Event of Defeult, lncluding thq rlght to exerclse the power of sefe.Any of thv actions relened to in
<br /> thts pa�agrc�ph may be tsken by Beneficlan/at sucfr fima as BenefiGary may detormino with�ut regard ro me adequacy ol any f �.�
<br /> .' securlry lor the lndebt�dness socured horeby. i '
<br /> � (6J Bertoticlary sltall,wlthout repard to tho sdequeCy of ony security for the Indebtadness secured hereby,be entftled to fhe
<br />- vppo�ntmsr.t oi a rocelve�by any court having/urJsdreNon,without noGCe,ro teke possesslon o%protect,and manage the Trust
<br /> ' � � Proporty artd ope�3te the sEme dnd co!lect tho rents,issues and profits therolrom. (
<br /> '� 'l� (c) BerteliMary may b►irtg any actlon!n any court of comp�tent/urlsdlcclon to forec/ose thts Deed ol Trust or enlorce any uf the i
<br /> � , . Coven�nts hBreOf.
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