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<br />, 6. EmlMnl Domain, lender Is hereby assigned all comperlsollon, awards, Qamages and olher payments or relief (hereinaller "Proc'eeds",ln connoctlon wilh
<br />condemnation Or other laking of the Property or Plllt Ihereof, or lor cOilvoyance In lieu 01 condemnation. lender shall be enlilled al its opUon to c,ommence, appear in and
<br />prosecute In its own nB,!,B any action or proceedings, alid ahall also be enUlied 10 make any compromise or selllement in connecllon with such laking or damage" In the
<br />event any pcirllon 01 the Property Is so taken or damaged, lender shall have Ihe opllon, In ils sole and absolute dlscrellon. to apply all such Proceeds, alter deducting
<br />therelrom all coSlIsand expenses Incurred by il 1n connection with such proceeds, upon any Indebtedness secured hereby and In SUCh order as lender maydelermlne, or to
<br />apply all such Proceeds, aller such deduCllons, to therestorallon 01 lhe Property upon such conditions as Lender may determine. Any application 01 Proceeds to
<br />indebtedness ,shall not exlend Or postpone the due date 01 any payments under the Note, or cure any delaultthereunder or hereunder. '
<br />
<br />, .' 7:" ~;fMm!l~ebr Lender. In the event 01 Boircwer's lallure to perlorm any 01 the covenentshereln or make any payments required hereby. or if any act Is lallen or
<br />- legal p~oceedliigcommenced which materialiy alleCIS lender.s interest h\the Property. lender may 1n its owndlscretion, but withoul obligalion lodo so, and without notice
<br />toordemand upon Borrower and without releasing Borrower from any obligation, do any act which the'Borrower has agreed butlails to do and may also do any other (lct il
<br />d88m~ necesllllry to protect the security hereof. Borrower shall, Immediately upon demand therelor by lender, pa~' to lender all costs and expenses incurred and sums
<br />eJCpended by lenderln cormectlon with the exercise by Lender 01 t"e foregoing rights, together with Interestthereon at the rate provIded In the Note; which sl1all be added to
<br />Ihe Indebtedness secured Ileraby. lender shall not Incur any personalllabillly because of anyt"ing Ii may do or omit 10 do hereunder.
<br />
<br />8., Even.. oi Defeult., The lollowing shall constitute an event 01 default u(1der this Deed of Trust:
<br />
<br />, (a) Faltur~IO pay any Installment 01 principal or interesl or any other sum secured hereby when due, orlailure to pay when due any other indebtednliss 01
<br />Borrower to Lender;
<br />
<br />(b) A breach 01 or delault under any provision contained in the Note. this Deed 01 Trust, any document which secures the Note, and any,olher
<br />encumbrance upon the Property: . ,
<br />
<br />tcl A writ of execution' or allachment or any similar process shall be entered against Borrower which shall become a lien on the Property or any portion
<br />thereol or interest therein: '
<br />
<br />(d) There shall be filed by or ,against Borrower ,an aclion under. any present or future lederal, state or other statule, law or regulation relating to
<br />bankruptcl{, insolvency or other relief for debtors: or there sl1all be appointed any Irustee, receiver or Iiquidalor of Borrower or 01 all or any part of the Property, or
<br />the rents, issue~ or prolils thereof, or Borrower shall make any general assIgnment lor the benelil 01 creditors,
<br />
<br />(e) The sale. Winsfsr, assignment, conveyance or lurther encumbrance 01 all or any part 01 or any Interest in the Property, eitl1er volunlarily or
<br />involuntarily. wilhout the express wdllen consent of lender.
<br />
<br />(I) II Borrower is not an individual. the sale. lransler. assignment. conveyance or encumbrance 01 more Ihan ---'-- percent of (if a corporation) its
<br />
<br />issued and outstanding stock or (if a partnership) _ percent of parlnership 'nterests.
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<br />9. R.-dlftj AcceIere~ Upon De'.ult.ln the event of any Event 01 Delault lender may declare all indebtedness secured hereby to be due and payable and the
<br />same shall thereupon become due and payable 'without any presentment. demand. protest or notice 01 any kind. Thereatter lender may:
<br />
<br />(a) Demand thaI Trusteee~ercise the POWER OF SALE granted herein, and Trustee shalllherealter cause Borrower's interest in the Property to be sold
<br />and the proceeds to be distributed, all in the manner provided in the Nebraska Trust Deeds Act:
<br />
<br />(b) Either in person or by agent. with or without bringing any action or proceeding. or by a receiver appointed by a court and witl10ut regard to Ihe
<br />adequacy 01 its security. enter upon and take possession 01 the Property, or any parI thereol. in its own nameor in the name of Ihe Trustee. and do any acts which
<br />it deems necessary or desirable to preserve the value. marketability or rentability of the Property. Or part 1l1ereol or interest therein, increase the income
<br />therelrom or proteclthe security hereol and. with or without taking possession 01 the Properly. sue lor or otherwise collect the rents. issues and prolils thereol.
<br />inctuding those past dueanel unpaid, and apply the same. less costs and expenses 01 opilration and collection including allorneys. lees, upon any indebtedness
<br />secured hereby, all In such order as Lender may determine, The entering upon and laking possession 01 the Property, the collection of such rents, issues and
<br />prolits and lheapplic.tion Ihereol as ala resaid, shall not cure or waive anydelault or notice 01 delault hereunder or invalidate any act done in response to such
<br />delault or pursuant to such notice 01 default and. notwithstanding the continuance in possession ot Ihe Property or the collection. receipt and application 01
<br />rents. issues or prolits. Trustee or lender shall be entitled to exercise every right provided for in any 01 the loan Inslruments or by law upon occurence 01 any
<br />event 01 defaull. including the right to exercise the power of sale: and
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<br />(e) Commence an aclion to loreclose this Deed 01 Trust as a mortgage. appo1nt a !eceiver. or specifically enforce any 01 the covenants hereof;
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<br />No remecly herein conlerred upon or reserved to Trustee or lender is intended to be exclusiveol any other remedy herein orby law provided or permilled, bllt each sl1all be
<br />cumulative. shall bft in addition to every other remedy given hereunder or now or hereafter exist1ng al law or in equity or by statute. and may be e.ercised concurrently,
<br />independently or successively.
<br />
<br />to. T...... The Trustee may resign at any lime wilhout cause, and lender may at any time and without cause appoint a successor or su"slltutl! Trustee. Trustoe
<br />sh.lI not be Hable for any toss or damage unless due to actionable negligence or willful mISconduct. and shall not be required to take any action in conneCtion wilh lho
<br />enlorcemenl 01 this Deed 01 Trust unless ,"demnified. in Wilting. lor all costs. compensation or e.penses which may be associated therewilh In addition, Trustee mllV
<br />becomeapurchUeratany saleo' the Property (judicial or "ndertfle power 01 sale granted hereinl: postpone the sale 01 all or any portion ot the property. as provided by law;
<br />or Seii tl'le Propeft)' as a v.hole. or in separate parcels or lots,
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<br />11. ' FuIIIIw"'aL Upon request 01 Borrower. lender may. at its option. make additional and future advances and readvances to'Borrower. Such advances and
<br />readvances; with inlerestthereon. shall be secured by this Deed 01 Trus!. At no lime Sflalltfle principal amount 01 the indebtedness secured by this Deed 01 Trust. not In-
<br />
<br />ctuding sums advanCed to protect the security 01 this Deed of Trust. exceed tfle oTlginal principal amount slated herein. or $ , whichever is
<br />greater.
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<br />12. '.11 -. II. Po_.Illh.n..
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<br />{al -.....- Not R~, E.tension 01 the lime for payment or modlllcation 01 amoltizatlcn 01 the sums secured by this DE-ed of Trust granled by
<br />lender to any successor In interest 01 Borrowel sflall no! operate to release. In any manner, tfle tiability 01 the original Borrower and Borrower"s successors in
<br />inlerest.lender shall not be required to commence proceedings against Sitch successor olleluse tooxtend time lor payment or otherwise modily amortization
<br />01 ttle sums secured by this Deed 01 Trust by rellson 01 any demandS made by Ihe original Borrower and Borrower's successors in interest.
<br />
<br />(b) ~.P-... Without allect,"g the li.bII,lt' 01 any ot!1or pelSon hable lor the payment 01 any obligation herein mentioned, and without affecting
<br />the I Ian or chllrge 01 this Deed 01 Trust upon any portion 0' 'he Propelly not then Of therelolore released as security lor the full amount 01 all unpaid obligations.
<br />lender may, Irom time to time and withoul nolice (il release any person 50 I,able. (i.) extend the maturity or aUer any 01 the terms 01 any such obligations.tiii)
<br />granlother indulgences, (iv) release or reconvey, or clluse to bo r"I('Med or reconveyed at any time at Lender.s options any parcel, portion or all 01 the Property,
<br />' (v)iakeorreleaseanyolher or additional securily lor lIny obhgllhon here,n mentioned. or tvi) make compositions or other arrangemenls with debtors in relation
<br />Ihe;e!o. '
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<br />(c) r......._ lit' L.nderNola Waiftf. Any lorbearance by lender in e.ercistng any right or remedy hereunder. or otherwise allorded by applicable
<br />I.w. shall nOtbea walverol or preclude the exercise 01 any such nght or remedy, The procurement 01 insurance or the payment ollaxes or other liens or charges
<br />by Lender shall not be a wai\/8' 01. Lender's right to accelerate tile malurity 01 the indebtedness secured by Ihis Deed of Trust.
<br />
<br />'(d) "~n_... and AaeIIfta aound; JoInI and...... LlaIIiIIIy; Captlona. The covenants and agreemenls hereln contained shall bind, and Ihe rights
<br />hereunder shall inure to. the respective successors and assigns 01 lender and Borrower. subjeclto the provisions 01 paragraph 8 (e) hereof. All covenants and
<br />agr.em.nts 01 Bonowershall bejointand several. Tfle captions and headings 01 the paragraphs 01 this IY.Jed 01 Truslare lor convenience only and are nol to be
<br />used to inlerpret or define IIW: provisions hereol,
<br />
<br />(e) ..........Natfcea. The paniesllereby request that a copy 01 any notice 01 delault hereunder and a copyol any notice 01 sale hereunder be mailed to
<br />e~h party to this Deed 01 Trustet the address setlorth above in the manner prescribed by applicable law. Except lor any other notice required under applicable
<br />I.wto be given in another manner. any notice provided for in thiS Deed 01 Trust shall be given by mailing such notice by certified ma,1 addressed 10 the olher
<br />part., .t the addl1lU set lorth .boWl. '
<br />
<br />Any notice pfowided for loltlis OIled 01 Trust shall bft deemed to ha\/8 been given to Borrower or lender when given in the manner designated herein.
<br />
<br />(I) 'IILr "'t.lender may make or cause to be made reasonable entries upon and inspections ollhe Property. provided that lender shall give Borrower
<br />nolice priol to any sucll inspection specifying reasonable cause therelor related 10 lender.s interest in the Property.
<br />
<br />(g) ~r-. Upon payment 01 all sums secured by this Deed 01 Trust. lender shall request Trustee to reconvey the Property and shall surrender
<br />tIlis Oeedol Trusl.nd all notes evidencing indebtedness secured by thiS Deed 01 Trust to Trustee. Truslee shall reconvey Ihe Property without warranty and
<br />without ctlllrge to the person or persons legllly entilled thereto. Such person or persons shall pay all cosls 01 recordation, il any.
<br />
<br />(h) ....-.....,......,.1Icurt1y ....._nt. As additional security lor the paymenl 01 the Noteallli.tures, equipment, and other personal property used
<br />in eonitectlonwitt1the re.' estlte or improvement! located thereon, alld not otherwisede<:lared or deemed tObe a part 01 the real estate secured herelly. sl1all be
<br />subjectloaMcuritv interest Inlavor 01 the Lender undfor the Nebraska Uniform Commercial Code. This instrum'!nt shall beconslrued as a Secmily Agreement
<br />undertaid Code. and the lender shall hive all the rights and remedies of a secured party under said Code ill addition to the rights and remedies created under
<br />and accorded the Lender pursu.nt to this Deed 01 Trust.
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<br />_ Ii) ..._~. In the --.t that .ny provision 01 this Deed olTrust conflict with applicable law or are declared 1nvalid or otherwise unenlorceable, such
<br />conllicl or Inv.lidity shall no; alleet the other provisions 01 this Deed of Trust or the Note ....hich can be givenelfect without the conlllcUng provision, alld 10 this
<br />endllle provllions o' the Deed 01 Trust .nd .the Note are declared to be severable.
<br />
<br />e(Krowe'r has e.~uted this Deed 01 Tr~.t the d.te VIIrmen above.
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