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<br />6, EmlIMnl Domain. Lender Is hereby a..lgned all compensation, awards. damage. and olher payment. or rellellherelnaller ..ll~ In1.Q2.2.fi 5
<br />condemn. lion or other taking of the Property or part thereol, or lor conveyance In lieu of condemnation. Lender shall be entitled at Its option to commence. appelr In and
<br />proHCutfl in It~ own name any action or proceedingl, and shall alia be en1l1led to make any compromise or settl~ment In connection with luch taking or damage. In the
<br />event any porloon 01 Ihe Properly Is so tlken or dlmaged. Lender shall have thl option, In ill Bole and abBolute discretion. to Bpply ah such Proceeds. atler deducting
<br />Iherefrom all COlli andexpen..slncurred by it In connecllon wllh such proceedB. upon any Indebtedne.B Becured hereby and In .uch order as Lender may delermlne. orlo
<br />apply all such ProceedB. aller such deducllons. to the rellorallon of Ihe !'roperty upon Buch condlllonB aB Lander may delarmlne. Any appllcallon 01 ProcoedB to
<br />lndebtedneu thall not 8litllnd or postpone the due date at any payments under the Note, or cure any default thereunder or hereunder.
<br />
<br />7, ...rt_ by Lender. In lhe event 01 Borrower'slailure to parlorm any olthe covenenl. herein or makeany paymenlB required hereby, or II any aclIs lllken or
<br />legll proceeding commenced which malerlally allK1B Llnder'slnlereslln the Property. Lender",ay In Its own discretion, but wlthoul obllgallon lodo so. and wilhout nolice
<br />loor demand upon Borrower and withoul rele..lng Borrower from any obllgallon, do any act which the Borrower h.. Bgraed but falls 10 do and mayal.o do any other act It
<br />deemB nee.Slary 10 protect the securlly hereol, Borrower shalt.lmmedlelely upon damand therefor by Lender. pay to Lender all COBtB end e.penBeBlncurred and BumB
<br />expended by Lender In connection wilh the e.ercl.. by Lenderollheloregolng rlghtB.logether with IntereBt thenion at the rele provided In the Note. Which Bhall beadded to
<br />the indebtedn"B ..cured hereby, Lender Bhall nOllncur any perBonBtllabillty beeauBe 01 anything II may do or omlllo do hereundar,
<br />
<br />B. 1.....01 Default. Thelollowlng Bhall conslllute an evenl of default under lhlB Ceed of TrUBt:
<br />
<br />(al Failure to pey any Installment of principal or Interest or any other sum Becured hereby when due. orlallurelo pey when due any olherlnd.btedne.sol
<br />Borrower to Lender:
<br />
<br />(b) A breach or or default under any provision contained In the Note. this Deed 01 Trust. any document which secure!. the Note. and any other
<br />encumbrance upon the Property; , '
<br />
<br />(c) A writ of 8K8cutlon Of attachment or any similar process shall be entered 8g81"st Borrower which shall become a lien on lhe Property orany po'rllon
<br />thereat or interest therein:
<br />
<br />(d) There !hall be filed by or against Borrower an action under any presont or future lederal. state or other statute, law or regulation relating to
<br />bankruptcy,insolvency orother relief 'ordebtors; or there shall be appointed any lrustee, receiver or liquidator of Borrower or of all or any part or the Property. or
<br />the rents, Issues or profits thereof. or Borrower shall make any general assignment for the benefit of creditors.
<br />
<br />'e) The sale. transfer. assignment. conveyance or further encumbrance of all or any pert of or any interest In the Property. either voluntarily or
<br />involuntarily. without the express written consent of Lender
<br />
<br />to U Borrower is not an Individual. the sale. transfer. assignment, conveyance or encumbrance of more than __ percent of tit a corporation) Its
<br />
<br />Issued and Dutatandlng atock or (If a partnership) _ percent of partnership interests
<br />
<br />9. Remedle.: Acce..,.1Ion Upon Default. In the f'!vsnt at any Event of Default Lender may declare all indebtedness secured hereby to be due and payable and the
<br />same uhallthereupon become due and payable without any presentment demand. protest or nollce at any kind. Thereafter lender may:
<br />
<br />(a) Demand thatTrusteeexereise the POWER OF SALE granted herein, and Trus1ee shall thereafter cause Borrower's interest in the Property to besold
<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 without regard to the
<br />adequacy cf its security, enter upon and take possession of the Property, or any part thereof. in its own namf: orin the name of the Trustee. anddo anyactswhich
<br />it deems necessary or desirable to pre"crve the value. marketability or rentability of the Property, or part thereof or interest therein, increase the income
<br />therefrom or protect the security hereof and, With or without taking possession of the Property. sue lor or otherwise collect the rents. issues and profits thereof,
<br />Including those past due and unpaid.. and apply the same, less costs and expenses of operation and collection including attorneys' fees. upon any indebt~ne5S
<br />secured hereby, all In such order as Lender may determine, The en1ermg upon and takmg possession 01 the Property, the collection of such rents. Issues and
<br />profits and the application thereat as aforesaid. shall not Cl,;re or waive Bny default or notice of default hereunder or invalidate any act done in response to such
<br />derault or pursuant to such notice of default and. notwlthstandmg the continuance tn po,session of lhe Propeny or the collection. receipt and application or
<br />rents. issue! Of profits. Trustee or Lender shall be entitled 10 exercise every right proYlded tOf many ot the Loan Instruments or by law upon occurence of any
<br />event of default, including the right to exerCise the power 01 sale. Bnd
<br />
<br />(c) Commence an action'o foreclose this Deed 01 TrUll as a mortgage. appOlnl a receiver, or speCifically enforce any of the covenants hereof;
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<br />No remedy herein con'erred upon or reserved to Trustee or Lender is Intended to be exclUSive of any other remedy herein or by law provided or permitted. but each shall be
<br />cumulaUve. shall be in addition to every other remedy given hereunder or now or hereafter e.ls1ing at law or In equity or by statute. and may be exercised concurrently.
<br />Independently or Bucce..ively
<br />
<br />10. Tf'UItrIe. The Trustee may ruign at any time without cause, and Lender may at any lime and without cause apPoint a successor or substitute Trustee. Trustee
<br />shall not be UlbJe for any Iou. or damage un I... due'o actloneble negligence or Willful misconduct. and snail not be reqUired to take any action in connection With 1he
<br />enforcement of this Deed of Trust untess indemnified, In wrallng, for all costs. compensation or e.penses which may be assOCiated tnerewlth In addition. Trustee may
<br />becomes purchaser at an)' sale of the Property {JudiCIal or under the power of sale gran1ed hereIn I. pOS1pone Ihe sale 01 all or any portIon of the property. as prOVIded by law.
<br />or sen the Property as a whole. or in separate parcels or lots
<br />
<br />11. Fu.... AdwanceL Upon request or Borrower, Lender may. at Its option, make additiOnal and future advances and read....ances to Borrower. Such advaneesand
<br />readvances, with interest thereon, shall be sec::ured by this Deed 01 TruSI A1 no lime snail the pflnclpalamount of the Indebtedness secured by this Deed 01 Trust. not in.
<br />
<br />eluding sums advllnced to protect the security of tnls Deed of Trust exceed the anginal principal amount sta1ed herein. or 5 11 I nno no . whichever is
<br />greater,
<br />
<br />12,~~
<br />
<br />(a) Iktnow.r Not Reteaaec:t. EJictenslon ot the lime 10r payment or modification of amortization of the sums secured by thiS Deed of Trust granted by
<br />Lender to any successor in inlerest 01 Borrower shall nol opera1e to release, In any manner. the lIablltty of the oraglO81 Borrower and Borrower's successors to
<br />interest Lender shall not be reqUired to commence proceedIngs against such successor or refuse to extend time for pa~'men' or otherwise modify amortization
<br />at the sums secured by 'hiS Deed of Trust by reason of any demands made by ;he onglOal Bor,ower and Borrowers successors in mterest
<br />
<br />(b) Larm.r".Powen. Wlthou'affecrrng the liability 01 any other person liable for the payment of any obligatIOn herem mentioned. and without affecting
<br />the lien Dr charge 0' mis 0ee0 of Trust upon any portion of the- Property not then or theretofore released 8S58cunty ror 1he full amount of all unpaid obligations.
<br />Lender may, 'rom time to limit and Without nOlice III release any person so liable. (ill extend the mal un IV or alter any of the 'erms ot any such obligations. (iil}
<br />grant other lndulyences, (iv) release or reconvey, or cause 10 be releAsed or reconveyed at any lime lit Lenders op11ons any parcel. portion or all or ttleProperty.
<br />(v) lake or release any ather or additional wcuflly lor any obligation herelO mentioned. or IVI) make compo!tlllonS or olher arrangements With debtors to relation
<br />thereto,
<br />
<br />(el F0rbeannc8 b,"Lender Not. Wal"r~ Any forbearance by Lender 10 e.erellmg any fight or remedy hereunder. or otherWise aftorded by applicable
<br />law..hall not be a waiverot or preclude the exercise of any SuCh right or remedy The procuremen1 of ,"sura nee or the paYfTlenl of taltes or other liens or charges
<br />by Lender ah811 'nol *-. waiver of lender's ,.ChlI0 at;t:elerate the maturity of the tndebtednen $~cur~d by this Deed 01 Tn,I$1
<br />
<br />(dl 1_ _ -."" Bound; Joint ond _tal UabIIlly: Capllo.... The covenants and agreements herein contained shall bind, and the nynt.
<br />hereunder shall inure 10. Ihe respective successors and uligl15 of lender and Borrower. subJect to the prOVisions of paragraph 8 (0) hereof. All coven.nlland
<br />Igreementlot Borrowttfshlll be joint and several. Theeaphon! and headings of the paragraphs 01 this Deed of Trutt are forconvenl!!nce only and are not lObe
<br />used to interpret or define the provilions hereof.
<br />
<br />(e. RequnlfofHotlces. The p8rtiH hereby request that a copy of any nollce of delault hereunder and a copy of any notice of sale hereunder be mailed to
<br />each party to this Deed of Trust at the lid dress set forth above in the manner preser.bed by applicable law E:xcept tor any other notice reqUired under applicable
<br />1...10 be giver. in Another manner. any notice provided for in this Deed at Trus' ~hall be ~Iven by mailing such notice bV certified mail addressed to the other
<br />parlin. at the addrllSl HI forth above, -\
<br />
<br />Any nollce provided 'or 10 11'111 Deed ot Trult shall be deemed to have been given to Borrower or Lender when given In the manner designated herein.
<br />
<br />(rl InapICIIOrI. Lender mlly make or cause to be made reasenableentnes upon and InspeCtlons of the Property. provided that Lender shall give Borrower
<br />notice pnor 10 I"y such inspect.lon IpecifylOg resson.ble cause therefor related to Lender's in1erest to the Property
<br />
<br />(g) RecOftft'Yance. Upon paymen1 of nil sums secured by IhlS Deed of Trust, Lender shall reques1 Trustee 10 reconvey the Property and snail surrender
<br />thll Deed Of Trus' and all flotn evldanclng indeblednell secured by this Deed 01 Trust 10 Truslee. Trustee shall reconwey the Property without warranty and
<br />W11hout charge to 1t>G person or pe1tonB1egally entitled therelel, 511th pe<son Of persons shall pay all cOSIO 01 recordallon. II any,
<br />
<br />In) PeNoneIPtopertf.loIcutfty AgrHtlleftl Aladditlonal security tor the paymen1 of the Note III Ilxlures, equipment, Bnd other persona' property used
<br />tn connection with the r..' ..tlihtMimprovernentsIDalted thereon, and not otherwise declared or deemed to be a part 01 the real estate secured hereby. shall be
<br />wbjecl toa MCurtty ~nlere.t In favor orthe 'Lender undflrthe Nebra... Uniform Commercial Code Thllln51rum..nt shall be construed as II Secunty Agreement
<br />und8f' I&td Code. Ind the Lendef shall hive 111 the right. and remethes of a secured party under stud Code In additIon to 1he nghts and remedlfs crea1ed under
<br />and KCorded the Lendaf pursuant 10 Ihia Coed of Trust.
<br />
<br />(I) .......,. 'n ,he event thlt any prowiston at this Deed of Trult conflict with applicable law or are dec1.red Invalid or otherwise ur.enforceable, such
<br />confUc:t or invllidttyshaU not affect the 01her proW'lllonlof this Deed ot Trult or Ihe ole which can be given ell wilhout Ihe contllCtlng provISion. and to th1S
<br />~ the provtliOnS of the Deed of Trult and the Nale are declared 10 be sever
<br />
<br />9ofrower haS edCuted this Deed or TrUll the date wren,n above
<br />
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