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. <br />o <br />200200435 <br />le) It Trustor Is not an Individual. Me lsauence,"le, transfer, assignment conveyance or encumbrance of more Man a total <br />of percent of (u a corponeon) its issued and outstanding Nock or (if • partnership) a total at percent of <br />parboxhip Interests during me period Mis Deed of Trust remains • lien on Me Property. <br />12. Remedies; Acceleration Upon Default. In Me Vent of any Event of Default Lender may, without notice except as required by <br />taw, declaro all indebtedneu secured hereby to be tlua and payable and the Same shall thereupon become tlua and payable <br />without any presentment, demand. proles( or nonce of any kind. Thereafter Lender may: <br />(s) Demand that Trust ee "emise Me POWER OF SALE grafted herein, and Trustee shall thereafter cause Truslo's <br />inlerest In the Property to be sold and the proceeds to be distributed, all In the manner provided in the Nebraska Trust Dead, <br />Act <br />(b) Exercise any and all right, provided for In any of the Loan Instruments ar by law upon occurrence of any Event of <br />Default and <br />(c) Commence an action w foreclose MIS Deed of Trust s a mortgage, appoint a rwelver, or peclfiully enforce any of Me <br />cmumant, hereof. <br />No remedy herein conferred upon or reserved to Trust., or Lender Is Intended to be exclusive of any other remedy herein, In Me <br />Loan Instrument, or by law provided or permitted, but each shall be cumulative, shall be In addition to every other remedy given <br />hereunder, in the Loan Instruments or now or hereafter oxlsling Olaw or In equity or by ateWw, and may be exercised concurrently, <br />Independently or successively. <br />13. Trustee. The Trustee may resign at any Mme without cay", and Lender may at any Lima and wtthcul cause appoint a <br />successor or substitute Trustae. Trustee shall of be liable to any party, Including without limitation Lender, Borrower, Trustor or any <br />purchaser Of the Property. for any loss or damage unless due to reckless or wllllul misconduct and shall not b, required to take any <br />action In connection with the enforcement of this Dead of Trust unless Indemnified. In .,lung. for all Coat, compensation or <br />expenses which may be associated therewith. In addition, Trustee may become a purchaser at any sale of Me Property Muf icieI or <br />under the power of sate granted herein); postpone Me sale of all m any portion of the Property, a provided by law; Or Mall Me <br />Property as a whole, or In ""tale parcel, or to% at Trustee's dleca cn. <br />N. Fee, and Expenses. In the even( Trustee sells Me Property by exercise of power 01 ale. Trustee shall be entitled to apply <br />any ale proceed. lint To payment 01 111 costs and expense, of exercising power of sale, Including all Trust"', fat and Lender's <br />and Trustee's worney's Iwo, actually Incurred to extent permited by applicable law. In the event Borrower or Trustor exerciauny <br />right provided by law to cure an Event of Default Lender shall be entitled to feature( from Trustor all costa and expenses actually <br />Incurred as a result of TruNOr's default including without limitation NI Trustee's and anomay's Iwo, to Me extent permMed by <br />applicable taw. <br />15. Future Advances. Upon request of Borrower, Lender may, at Its option, make additional and future advances and IS. <br />advances Io Borrower. Such advances end faadvances. wlln InWesl Merson, shall be secured by this Dead of TM.L At no tlme Shall <br />me principal amount of IN Indebtedness ecured by ]his Dead of Truel. net ts 1tun sex91ss,,advanced to protect Me Security of MIS <br />Dead of Trust exceed Me original principal amount stated herein, or S 71 �. whichever Is greater. <br />16 Miscellaneous Provisions. <br />(a) Borrower Net Released. Extension of the time lot payment or modification of smordubon Of me sums "cured by MIS <br />Deed of Trust granted by Lender to any successor in interest of Borrower Mall not operate to else,,, In any manner, Me liability <br />of me original Borrower antl Borrower uccessors in interest. Lantler shall not be required m commence Proceeding, against <br />such successor or refuse t0 extend lime for payment or otherwise modify amortization of me sums "cured by this Dead Of Trust <br />by reason of any demands made by Me original Borrower and Borrowers succesw@ In Inlareal. <br />(b) Landau's Powers. Without affecting Me liability 01 any other parson liable for the payment of any obligation herein <br />mentioned, and without aMacting the Ilan or charge of this Deed of Trust upon any portion of Me Property not Men or (heretolore <br />released a Security lot Me full amount of all unpaid obligations. Lender may, from lima w ume and without notice (q release any <br />Person so liable, (it) extend Me maturity or altar any of the terms of any such obligations, (III) grant other Indulgences, Iiv) relesee <br />or rwonvey, or cause to be released or reconveyed at any time at Lender's option any parcel, portion or all of me Property, <br />(v) take or release any other or additional "Curtly for any obligation herein mentioned. or Ivi) make compositions or oMer <br />arrangements with debton In rotation Meralo. <br />(c) Forbearance by Lando Not a Waiver. Any forbearance by Lender In exercising any right or remedy hereunder, or <br />otherwise Snouted by applicable lean, shall n0t G a waiver of or preclude Me exercise of any such right of remedy. The <br />procurement of Insurance or the payment of boxes or other Mw or charges by Lender shall not "a waiver of Lender's right to <br />accelerate Me maturity of the Indebtedness "cured by this Deed of Trent <br />(dl Succaswrs and Assigns Bound; Joint and Several Liability; Csptkrte. The covenants and sgreemenb heroin con- <br />tained shall bind, and the rights hereunder shall Inure to, the respective successors and assigns of Lender and Trusmr. All <br />covensnb and agreements of Trustor shall W joint and several. Th. capdans and headings of me paragraphs of Mis Dead of <br />Trust are lot convenience only and are net to be used to Inlarpral or define Me provisions hereof. <br />(a) Request leaf stalk". The parties herebyrequ st Met a copy of notice of default hereunder and. copy of any notice <br />of Asia hereunder lea malled to each party to Mt, Dead of Trust at Me address sal forth above In me manner prescribed by <br />applicable low. Except lot any other halts required under applicable law to be given in another manner, any nobce provided <br />for In Mis Dead .(Trust shall be given by mailing such notice by cerWted mail addressed to Me other parties, at Me address "I <br />form above. Any notice provided for In MIS Dead of Trust shall be eftwtive upon mailing In Me manner designated herein. H <br />Trustor Is more Man one parson, nogce sent W Me address u1 loft above shall be notice b all such person,. <br />(I) Inspection. Lender may make or cause to be mods reasonable envies upon and Inspections of Me Property, provided <br />Mal Lender Shell give T@akr notice prior to any such Inspection specifying reasonable cause therefor related b Landers <br />Interest in The Property. <br />(g) R conveyance Upon payment of all sums ecur" by MIS Deed of Trust Lender Shelf request Truslea la reconvert, Me <br />Property and shall surrender MIS Deed of Trust and all notes evidencing Indebtedness secured by this Dead of Trust to Trustee. <br />Luetes shell reconvery Me Properly wlMOUI warranty and without charge b Me person or persons legally enbtiw thereto. <br />Trustor shell pay all costs of recordation, 11 any. <br />M) Per"nal Property; Besudly Agreement. As additional Security for Me- psment of the Now, Trustor hereby gents <br />Lender under Me Nebraska Uniform Commerical Code a "curtly interest In all IlNUres. "Moment, and other Personal property <br />used in connection with Me real estate or Improvements located thereon. and not otherwise declared or doomed to W a pan of <br />Me real uvula Secured hereby. This Instrument shell be construed as a Security Agreement under esld Code, and Me Lender <br />Shall have all Me rights and @media* of a secured party under sold Code in addition to the rights and remedies created under <br />and accorded Me Lender pursuant w MIS Dead Of Trost provided Met tender', rights and remedies under MIS paragraph shall <br />be cumulative with, and In no way a Ilmltetion on. tondo's rights and remedies under any other Security agreement signed by <br />Borrower or Trustor. <br />fit Leona and En"mbar . Trustor hereby warren and represents tent there Is no del"ti under the provisions of any <br />mortgage, deed of bust 1"" Or purchase contract describing all or any pan of Me Property, or other contract Instrument or <br />agreement constituting a Iten or encumbrance against all or any pert of Me Property (collectively, "Lens'), as iebng as of Ms <br />stale of Mis Dead of Trust and that any and all existing Liens remain unmodified except as disclosed to Under in Trustors <br />written dlulasurs of lions and encumbrances provided for herein. Trusor shall timely perform all of Tustin a obligations, <br />covenants. reprasentstionsand rearranties under any and all existing and future Liens. shall promptly forward Is Lender copies <br />of all nodose of default Sent In connection with any and all existing or velure Uen,, and shell not wkh0ul Lender prior written <br />consent in any manner modify Me provisions of or allow any h terra advances under any existing Or WWre LJens. <br />U) Apiskslon al essential Unless consrwl" reoubed by law, sums "Id to Lender hereunder, including wimoul Hartmann <br />psymenta at principal and Interest Insurance proceeds, condemnation proceeds and rent, and Francs, shell be applied by <br />Under 10 Me amounts tlua and owing tom Truster and Borrower In such order as tender In It, Sala discretion steams "suable. <br />(k) Nversbtifty. it any provision of Mt, De" of Trust conflicts Won applicable law or is declared Invalid ar otherwise <br />unenforceable, such conflict or Invalidity Nall not effect Me other Plainsong of Mt, Dew of Trust or Me Note which can M <br />given effect without the contacting provision, and b MIS and aw provisions Of Mt, Dead of Trost and Me Now are declared to be <br />Severable . <br />