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•;r w I�..l.'NL/ . -. . <br /> , . . ..��.•1 " _ '. <br /> - - . � ....... - <br /> rTr�i��rtx�ti�ru�S�'."�f�:' .... __ — .�z,4k _ _.. �_ ... - �-- �- � -'_- . . <br /> 1:����,��� . <br /> th�prop�rty I�to t�kRn or d�mag�d,L�nd���h�ll h�vs th�optlan,ln iq oole and�b�olut6 dlioreSlon,to eRp�Y����uoh Proc�ado, <br /> �iur drduotlnq thsatrom�tl aosb�nd�xpo���s Inourrsd by It In conn�otion wllh euoh P�aa�ed�lupon wny Ind�htsdn�tf�aur�d <br /> hereby�nd in euoh otd�r��I.�nd�r m�y d�t�rmin�,or td appt��II auoh Proo��d�,�itor suoh dMuotlonf,to ih�nr�tontlon ot th� <br /> PropeAy upon auoh aund►tlon�os Lond�r mwy dst�rmin�.Any�pptlo�tton af Pro�Md�to ind�btadn�s thelt not�xt�nd or postport� <br /> th�du�dat�ot�ny paym�nq und�r th�Nob,or au►�any dolpult th�►ound�r or h�nund�r.Any urt�ppll`d tunds�h�tl b�p�ld to <br /> 'hustor. �_ <br /> 8.I�Mo��na�Ay LtndN.Upon th�ocour��noe n1 an Event ot Doiault��reundar.er It uny aut Ia tatwn or lopal proca�ti►np <br /> comm�ne�d whinh metal�ityaHaots Lmd�N�Int�rest in th�Property,Lend�rmay tn Ib own dlaoretion,but wlthout obilpatlon to do <br /> ao,and without notice to ar domand upon T�uMor and wlthout releaNnp Trueto�irom eny obtlpaHon,do any aat whloh T�u�tor has <br /> apreed but tat��to do end may etso tlo any other eat It deema nece�eary to proteat the aecurlry hereot.Truaror ahall,immedlatsty <br /> upon demnrtd therelor by L�nder,payto Lander ali coata and expenses incurted and euma expended by Lander tn cenneotton with <br /> the exerelee by Lender ot thetorepoing riphte,topether wlth intereat thereon at the default rate provlded In the Note,whlab ehail bn <br /> added to the indebtedneas eeaured hereby.Lender shell not Inour any IIab1IUy beoauae of anything It may do or omit to do <br /> hereunder. <br /> 9.H��Mous AR�t�rl�is.Truatar ahsli keep the P►operly fn aompllanae with atl eppilaebie lawe,ordinancea and reguladona <br /> relstinp to indusMal hygiene or environmentai proteatlon(oolteativety reterred to herotn as"Environmentet Laws'q.Truator ehall <br /> keap the Property Uee trom al�sudatanaea deemed to be hazardous or toxta under any Envlronmentat Lc#wa(aolteotivety referred to <br /> hereln ae"Hezardous Materials'q.Trustor hereby warrants and represants to Lender that there are no Heurdoue Meteriats on or <br /> underthe Property.Trustor hereby agreea to Indemnity and hold harmless Lender,its dlreaWre,otticPrs,employees end agente,and <br /> any succeaeore to Lender's intores�irom and aga�nst any and atl alaime,damages,losses and liabititfes adsinm tn conneoNon with <br /> the presence,use,disposa!or.tranepart W.any.ttazardous Materiats on.under,trom ar abaut the Prope►ty.THE FOR�QfllNO <br /> WARRANTiES AND'REPAESEM'ATtONS ANDTRt7STOR'3 OBUCiAT10N3 PUR8UANT TO THE FORECiOINd lNDEt11NITY.SHA�L <br /> SURVNE R�CONVEYANC�QF TH13 DEED OF TRUST. <br /> tt1. Ass{�nn�r�t o1 Renb.Tastor hereby assigns to ten�sr the rente,leaues a�d proiib of ihe Property;provlded that Trustor <br /> shell,untfl the oacurrenae of an Eveni oi D�4auit hereuadar,�tave tho M�ht to Co!!eM antl r�ataln euch�ents,isaut�B��zi ptiJfltB 8o tti5y _ <br /> beaome duo And payable.Upon the occur�ence of an Event of Detault,Lender may,either in person or by agenf,with or without <br /> bringing any octlon or proceeding,pr by a raceiver appol�ted by a court and wfthout regatd to the adequacy af Its eeaur(ty.enter <br /> upon and tako�aasoaston of the Property�ar aoy pan thereo4,in its a�v�name or in the name of the Tni�tee,and do any acts which it <br /> deema necossary ar desirable to preserve tho value,maako4�biilty or rentabiiiry otthe Property,or any part thereotor interest Meroln, <br /> lntreaee the income thetstrom or protect the seou�ity har�of and,wiih or�rithout taking possesalon of the Proparty.aue for or <br /> olherwise coitect!he re�ts,tssuea and proflta thereol Inoluding those past due and unpaid,and apply the sama,leas oosts and <br /> expenaes of opQrallon and colleatlon Including attorneys'fees,upon any Indebtedneas secured hereby,al�In suah order as Lender <br /> may determina.i'h9 enter{ng upon and taking poasdasion ot the Nroperty,the cottection ot auch rente,lssues and protits ar�d the <br /> appifoation thoreot as efor�satd,ahali oot cura or walve any detault or notloe of default hereundar�r inv�liduta any aat done In <br /> rssponss t4 se��h detp!�tEar aur�uaretto a�oh noUce of detault and,notwithstaneeing thac�nUnuance in poase9slqrl.ot t�e PropeAy or <br /> tha cotieodon,receipt and ap�lication af rents,iseues or proHta,and Trustee and londer ahalt ba equtied to�xer�ise every rig�t <br /> provided tor In any ot the L.oan instvaments or qy law upon ooaurrenae ot any Event at t?o1aa�.lnciuding withoue iimlietion the dght <br /> w exorafae the power of eale.Further,-Lender's rights and remediea undenthia parsgraph s�1at1 m�cs�tnulativa with,and in no way a <br /> Ilmitatlan on,LendePs rights and remedte8 under any essignment of leases and rents recordad egninst9he Property.Lender,Trusteo <br /> and the recelver shat!ba Ifabie to account only tor those�enta aotuaily�ecelved. <br /> it. Er�rtb o10d�uN.The foilowing shalt consritute sn Event of Default under this Deed of Truab <br /> (a) Fallure to pay any tnstallmant ot prinolpa{ar interest ot any othei•sum secured hereby when due; <br /> (b) A breach ot or deteult under any provision contained fn ihe Note,thls Deed oi'�ruat,any ot the Loan Instrumenta,or any <br /> other Ilen or encumbrarlca upon tha Prt,perry; <br /> (c) A w�itof execution or atteahment or any simliar procesa shall be entered against Trustor which ahali become a lien on <br /> the Properly or any poNon thereof or intereat thordin; . <br /> (d) There ehall be flled by or agatnst Truator ar Borrower an acdon under any presant or future federat,otate or other <br /> effitute,law or regulntton�eieting to bankruptoy,insotvenay or other rellet tor debtors;or th�re shall be eppointed any trustee, <br /> recetver or Iiquldator of T�uetor or Borrower or ot all nr eny part of the Property,or the rents,isaues or proflte thereqt,or T�ustor <br /> or Borrawer ehali make any yeneral assignment tcr tha beneflt ot o�edltora; <br /> (e)The oai9,tran�ter.lease,aselgnmant,canveyance or furthor ancumbrance of all or any paR ot or uny intereat tn the <br /> Properry.elther voluntarily or Involuntarily,wtthout the express wrttten consent of Lsnder, provtded that Trustor shalt be <br /> permitted to 6xeaute a le3ae of the Properly that does not contain an optlon to purohase and the term ot which does not excesd <br /> one year, <br /> �q Abandonment ot the Property;or <br /> g) If 7ruator is not an fndlviduab the tssuan�e.aele,transter,assignment,conveyanae or encumbtance of more than e tot�l <br /> of percent ot(It a corporatfan)Itc issued and outstanding atock o�(If a paKnership)a total of percent of• <br /> partnerehip tnterosta during tt�e perlod thla Deed ot Trust remafna a�len on the Properiy. <br /> 12. R�nMdiN;AccN�ation Upon Dttaut�In the event of any Event ot Oefault Lender may,without nottce except as requi�ed by <br /> Iaw,dealare all indebtednesa sacured here0y to be due and payab�e and the same shall thereupon become due and payable <br /> wlthout any presenbnent,demand.proteat or noUce of any kind.Thereafter Lender may: <br /> (e) Demand that Trustee exerclae the POWER OF SALE granted herein,and Trustee ahall thereafter cauae Trustor'8 <br /> interes!in the Propsrty to be sold and the proceeds to be dlsVibuted,all in the manner provided In the Nebraska T�ust Deeda <br /> Ac� <br /> (b) Facercise eny and all riphts provlded tor In eny ot the Loan Inatruments or by law upon occurrenoa ot any Event of <br /> Delaui�and ' <br /> (c) Comme�ceaneatlontotorealasethisDeedotTrusteasmortgage,appolntarecelver,orspecitloailyentorceanyotthe <br /> coveneMs hereot. <br /> No remedy herein conterred upon or reservad fo Truotoe or Lender i9 intended to be exoiusfve of any other remedy herein,in tha <br /> Losn Instruments or by law provlded or pormitted,but eaah shatt De oumulative,ahall be in addltion to every other remedy g(ven <br /> hereunder,in the Loan Instrumenb or now or hereafter existlng at Iaw or in equlty or by atatute,and may be exerctsed concurrentiy, <br /> Independentty or successivety. <br /> 13. TntstN.The Truateo msy resign at any time wlthout cauae,and Lc�nder may at any Ur�ie and without cause eppotnt a <br /> successor or subatltute Trustee.Trustee shalt not be Ilabie to any party,Inaluding wlthout Ilmitetion Lender,8oriower,Trustor or eny <br /> ...�,�n�nm�nt tha Pronera.for anv loas or dama9e untesa due to recktess or w1lllui mtsconduct,and ahall not be requlred to fake any <br /> ,._._..___ _ . <br /> aotlon in canneotiort with tho enforcement ot thts Deed of Trust unieas indemnifletf,in wnt�ng,ior aii cosis,compensa5vt��� <br /> expens�es whlah may be aesocleted therewlth.In additlon,Trustee may become a purchaser at any sale of the Property�udlclat or <br /> u�der the power of s�le grenEed herein);poatpone tho saie of at�or any portion ot the Properly,as provided by�aw;or eell tho <br /> Properiy as a whole,or tn separate parcets or lote at Trustee's disaredon. <br />- 14. Fws and Expsnse�.in the event Trustee setls the Properly by exeretae of power ot sale,Trustee ahatl be endtied to appty <br /> aay sate prpceeds firat to paymont of eti aoata and expensea of exercising power of sa�e,inctuding a�l Truateo's feea,and Lerulcr9 <br /> and Truatee's attomey'sfects,aatuaty incurred to extent permitted by appticabte law.in the event Bottower or Truato�exeraisea any <br /> right provided by law to oure an Event ct defauit,lendar ehall be entlttod to recover from Trustor all coste and expensea aotually <br /> Incurred as a result of Trustor's detauit,Including without Ilmltatton all T�ustee's end attorney's fees,to the extent permltted by <br /> eppifcable taw. <br /> tb. Futpr�Adranc�s.Upon requeat of Borrower,Lender may,at Its optlon,make addltlonai c�nd tuture advances and re- <br /> advances to 8orrower.Suoh advanoes and readvances,with interest thereon.ahali be seoured by this Qeed of Trust At no dtPe shail <br /> the prFnalpat amountof the Indebtednese seaured by thfe Qeed oi Truat,not i�oiuding sums advanced to proteot the secuNry of thle <br /> Deed of Trust,exceed the origlnal prinoipal emount etated herein,or� whlchever Is Qreat�r.� ' ' <br />