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<br />, ' <br /> <br />200609624 <br /> <br />9. AMERICANS WITH DISABILITIES ACT. At its sole expense, Borrower shall cause the <br />Property to be and remain in compliance with the Americans with Disabilities Act and all similar state <br />and local laws, rules and regulations (hereafter "ADA") during the term hereof. If the Property is <br />remodeled or altered while this Security Instrument is in effect, the Borrower shall have the work <br />performed so that the Property continues to comply with the ADA. Borrower shall furnish to Lender, if <br />requested, a written opinion from a licensed architect that the remodeling/alterations comply with the <br />ADA. Borrower hereby warrants and represents to Lender that there are no pending or threatened claims <br />by the Department of Justice or third parties relating to the ADA. Borrower hereby agrees to indemnify <br />and hold harmless the Lender, its directors, officers, employees and agents, and any successor to Lender's <br />interest, from and against any and all claims, damages, losses and liabilities arising in connection with <br />the violation of the ADA. THE FOREGOING WARRANTIES AND REPRESENTATIONS, AND <br />BORROWER'S OBLIGATIONS PURSUANT TO THE FOREGOING INDEMNITY, SHALL <br />SURVIVE THE REPAYMENT OF THE NOTE AND THE RECONVEYANCE OF THIS SECURITY <br />INSTRUMENT. <br /> <br />10. PROTECTION OF LENDER'S SECURITY. If Borrower fails to perform the covenants <br />and agreements contained in this Security Instrument or in any other Loan Document, or if any action or <br />proceeding is commenced which materially affects Lender's interest in the Property, including, but not <br />limited to, eminent domain, insolvency, enforcement of laws or regulations, or arrangements or <br />proceedings involving a bankrupt or decedent, then Lender at Lender's option, may make such <br />appearances, disburse such sums and take such action as is necessary to protect Lender's interest, <br />including, but not limited to, incurrence of attorneys' fees and entry upon the Property to make repairs. <br /> <br />Any amounts disbursed by Lender pursuant to this Paragraph 10, with Interest thereon, shall <br />become additional indebtedness of Borrower secured by this Security Instrument. Unless Borrower and <br />Lender agree to other terms of payment, such amounts shall be payable upon notice from Lender to <br />Borrower requesting payment thereof, and shall bear interest from the date of disbursement at the rate of <br />FOURTEEN PERCENT (14.00%), unless payment of interest at such rate would be contrary to <br />applicable law, in which event such amounts shall bear interest at the highest rate permissible under <br />applicable law. Nothing contained in this Paragraph 10 shall require Lender to incur any expense or take <br />any action hereunder. <br /> <br />11. INSPECTION. Lender may make or cause to be made reasonable entries upon and <br />inspections of the Property, provided that Lender shall give Borrower notice prior to any such inspection <br />specifying reasonable cause thereof related to Lender's interest in the Property. <br /> <br />12. REPRESENTATIONS AND WARRANTIES OF BORROWER. In order to induce <br />Lender to execute and deliver this Security Instrument and perform hereunder, Borrower makes the <br />following representations and warranties to Lender, which representations and warranties shall remain in <br />effect throughout the term of this Security Instrument, and shall survive and shall be unaffected by any <br />investigations, inspections or inquiries made by Lender, the recording of any of the Loan Documents, or <br />the performance by Lender and Borrower hereunder: <br /> <br />(a) OrlZanization: Borrower is duly organized, validly existing and in good <br />standing as a limited liability. company under the laws of the State of Nebraska, is <br />qualified, in good standing, and authorized to do business in each of the jurisdictions in <br />which the nature of its activities or properties require such authorization, and has full <br />power and authority to own its properties, carry on this business as now being conducted, <br />and to enter into, deliver and perform under this Security Instrument. <br /> <br />(b) Authorization: The execution and delivery of this Security Instrument and <br />the satisfaction of Borrower's obligations hereunder have been duly authorized by all <br />necessary company action in accordance with the laws of the State of Nebraska. Each of <br />the Loan Documents, upon execution and delivery to Lender, constitutes a legally valid <br />and binding agreement of Borrower, enforceable against Borrower in accordance with its <br />terms, except as such enforcement may be qualified or limited by bankruptcy, <br />insolvency, or other similar laws affecting creditors' rights in general. <br /> <br />(c) No Contravention: The execution, delivery, and performance of this <br />Security Instrument by Borrower will not, immediately or with the passage of time, the <br />giving of notice or otherwise, result in (i) the breach of, or constitute a default under, or <br />in any manner release any party thereto from, or accelerate any obligations under, any of <br />the terms or provisions of any lease, security agreement, mortgage, note, indenture, <br />security instrument, license, permit, contract, agreement, or other instrument or <br />document of any kind or nature to which Borrower is a party of by which it or its <br /> <br />5 <br />