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C>> 0) o ..."'d' o " , CO CO 6 Eminent Domlln. Lender IS hereby assigned all compensation. awards, damages and other payments or rchol (herclnsfler "Proceeds"lm connecllon with condemnation or other taking 01 the Properly or pari thereol, or for conveyance In lieu 0' condemnatIon Lender shall be enlltled at lis option to commence. appear In and p~o!!lecute in lis own name any aclion or proceedings. and shall also be entitled to make any compromise or settlement In connection with such taking or damage. In the evenl any portion at the Property is so laken or damaged. Lender shall have the option..in Its sole and absolute discretion. 10 apply all such Proceeds, after deducting therehom all cosls lod expenses incurred by 11m conn~cllon with such proceeds, upon any Indebledness secured hereby and In such order as Lender may determine, or to &pply all such Proceeds. afler such deductions. 10 the restoration at the Properly upon such conditions as lender may delermlne. Any application 01 Proceeds to Indebtedness shall not BKtend or postpone the due date 01 any payments under the Note. or cure any deflsult thereunder or hereunder 1, "'rfOnllllnc.b~ Lender. In the event 01 Borrower's failure to perform any of the covenants herein or make any payments required hereby. or if any act Is taken or legal proceeding commenced which materially aUects Lender's Interest in the Property. Lender may in ils own discretion. but without obligation to do so. and without notice to or demand upon Borrower and wl1hout releasing Borrower from any obligation, do any act which the Borrower has agreed but fails to do and may also do any other acl it deems necess.ry to protect the securl1y hereol. Borrower shall. immedialely upon demand Iherefor by Lender, pay to Lender all costs and expenses incurred and sums expended by Lender in connection with the exercise by Lender of the foregoing rlghls. togelherwith Interesl thereon at the rale prOVided in the Note. which shall be added to the indebtedness secured hereby, Lender shall not incur any personal liability because of anything it may do or omit 10 do hereunder. 8 EftfltI of o.tlull. The 'ollowlng shall conslltute an event of delault under this Deed of Trusl. (8t Failure to pay any installment of principal arinleresl or any other sum secured hereby when due. or failure to pay when due any other indebtednessol Borrower to lender: lb) A breach of or de'ault under any proYislon contained in the Note. this Deed of Trust. any document which secures the Note. and any other encumbrance upon Ihe Properly; tel A writ of execution or aUschmenl or any similar process shall be entered against Borrower which shall become a lien on the Property or any portion thereof or !l1Iere!1 therein; (d) There shall be tiled by or agamst Borrower an Bcllon under any present or future federal, state or other statu Ie. law or regulation relating'to bankruptcy. Insolvency or other relief for debtors; orthere shall be appointed any trustee. rpcelyer or liquidator of Borrower or of all or any pari 01 the Properly. or the renIn. issues or profns thereol. or Borrower shall make any general assignment lor the benerit 01 creditors (8) The sale, transfer. assignment. conveyance or lurlher encumbrance of all or any pari 01 or any Interest 10 the Property, either voluntarily or involuntarily. without the express written consent of lender (I) It Borrower IS not an Individual. Ihe sale. transfer assIgnment. conveyance or encumbrance 01 more than __ _____ percent 01 (It a corporation) its iSlUCld and outstanding stock or (It a partnerShip) ___ percent of part.nershlp In leresis 9 Rimed".; AcaI.....IDn Upon D.'lull. In the event of any Evenl 01 Delault lender may declare all indebtedness secured hereby to be due Bnd payable and the same shall thereupon become due and payable without any presentment demand, protest or noUce of any kind, Thereafter Lender may' lal Demand that Trustee 8J1lerCISe the POWER OF SALE granted herein. and Trustee shall thereafter cause Borrower's interesl in the Property to be sold and the proceeds to be dislrlbuled. allm the manner proVided In tho Nebraska Trust Deeds Act (bl Either In person or by agent. with or Without bnnglng any aclion or proceeding. or by a receIver apPOinted by a court and Without regard to the adequacy 01 it, security. enler upon and take possession 01 the Property. or any part the real . In 11s own name or In the name of the Trustee, and do any acts which It deems ne<:essary or deSirable 10 pre!'ierve the value. marketablllly or rentability ollhe Properly_ or part thereof or interest therein. increase the income Iherefrom or protect the security hereol and. With or WIthout laking possession 01 the Properly, sue fat or otherWise collect the rents. issue.., and profits thereol. Including those past due and unpaid. and apply the same. less costs and eltpenses 01 operation and collection Including atlorneys' fees. upon any indebtedness secured hereby. allm such ordet as lender may delermlne The entering upon and taklOY possessIOn of the Property. Ihe collection of such rents. issues and prolits and the application thereor as aroresald. 5hall not cure or waIve any delault or nollce of delault horeunder or Invalidate any Bel done In response to such del au II or pursuant 10 such nollce of delault and. not with sIan ding Ihe continuance 10 pO'5sesslon 01 the Property or 1he collection. recelpl and application or rents. Issues or prohts, Trustee or Lender shall be enlltled 10 e..erclse every rIght proVIded lor 10 any 01 the Loan Inslruments or by law upon occurence or any evenl 01 default. Including Ihe flghl to OJlsrcise the power of sale. and (c) Commence an action 10 foreclose Ihls Deed of Trust as a mortgage. appoint a teCelllet or speclllcally enlorce any of the covenants hereor, No remedy herein conlerred upon or reserved to Trustee or Lender IS Inlended 10 be er-eluslve 01.1ny other remedy herein or by law proVIded or permlUed. but each shall be cumulative. shall be In addllton 10 every olher remedy given hereunder or now or hereafter elllstlng allaw or In equIty or by 5otelule. and may be ekercIsed concurrently. Independently or successively to Tru..... The Trustee may resign at any limB Wllhout cause and Lender may Ell any lime and Wllhoul cause apPoint a successor or substllute Trustee. Trustee shall not be liable for IIny losl or damage unless due to acllonable neglIgence or wIlIlul mIsconduct. and shall not be reqUired to take any acllon In connection with the enforcement of Ihll Deed of Trust untess Indemnified. In writing. lor all costs. compensation or expenses which may be assOCIated therewllh In addlllon. Trustee may become 8 purchaser at any slIle 01 the Property (Iudlclal or under Ihe power 01 sale granted heJetn t postpone Ihe sale 01 all or any portion of the property. as prOVided by law; or sell the Property as 8 whole. or In separate parcels or lols , 1, Fu1ure Ad..ftCH. Upon request of Borrower, lendet may iltlls option. make addItional and fulure advances and readvances 10 Borrower SUCh advances and readYlnces. with Interest thereon. Shill be securod by this Deed 01 Trust At no lime shall the pnnclpalamounl of the IOdeblednes5 secured by Ihls Deed 01 Trust. not tn. clucfmQ sum.advlnced to prolect the secun1y of thiS Deed 01 Trust. e_ceod the original pnnclpal BOlount stated herein, or S _____2-6 _tlO_a. ..OJl_. _ _n . whichever IS greater 12 MI_.......... Pra....on., (a) Borrower No' A......d. ExtenSion 01 the lime lor paymenl or modIfication 01 amortlzalton at the sums secured by Ihls Deed of Trust granted by Lender to any successor In lnlerest 01 Borrower shall not operale 10 release, In any manner. lhe liability 01 the orlglOal Borrower and Borrower's SUCC6!l.sorS In Interell Lender shall not be reqUired to commence proceedlng5 agalnslsueh successOf or reluso to eklend lIme lor pay men I or olherwisemodlty amor1lzatlon of Ihe sums secured by thiS Deed at Trust by reason 01 any demands made bV Ihe orlglOal Borrower and Borrower's successors In Inlerest (b) Lencler"aPo.e". Wllhoul arreellng the liability 01 any othot porson liable for the paymenl olanv obhgatlon herem menltoned. and wllhoul aUectmg the lien or chllrge of Ihlll Deed 01 Trus1 upon any portion 01 the Property nol thon 01 Iherololore released as securIty for the full amount of all unpAid obligations. Lender may. from lime to lime and Without nollce (II retease any pelson 50 Ilabte Ill) e_tend the maturlly or aller any of Ihe terms of any such obligations. (Ill) granl othermdulgenc81.IIVI relelle or reconvey or caus" to be released or Icconveyed al anv tIme at Lender's ophons any parcel. parllon or all of the Property, (v) lake or retease any otner or additIOnal S8CUIlly for any obhnalton hetulO menllon6d or (VI) make compOSitions or olher arrangements With debtors In relall"'n thereto te) Forbe.ranee b, Lender Noll WII..r. Any fo,bealllncn b., LendeJ 10 (lll(~IC !Slng any right or remedy hereunder. or olherwlse afforded by applicable law, shall not be II Wlllver of or preclude the ekerClle 01 IIny such right or remedy The ptocuremenl of Insurance or Ihe paymenl of taxes or other liens or charges by lender ahall not be. waiver of lender's rlgnllo acceleral'9 lhe maturity 01 Ihe U1delJtednes& secured by thiS Deed of Tru51 td) Succeuon.ftd Au&lna Bound; Jolnl.nd S..Dr.1 LI.blllt,; Clpllon.. The covenants Gnd agreements hereIn contained shall bind. and the rlghls hereunder shalllnurB to, the respecllve successors and aSSigns of lender and Borrower sublecl to the prOVISions 01 paragraph 8 (e) hereof All covenant !I and IlGreement. 01 Borrower shill beJolnt andlevllfsl The captlona and headings 011he paragraphs of thiS Deed of Trusl are lor conwenlonce only and ar6 nol fo be used to interpret or dellne the provuaons hereof Ie) Req..... 'orNo~ The parties hereby requesl that 8 copy 01 any nollce 01 delault t1ereunder and a copy of any nOllce ot sale hereunder be mailed 10 each party to thil Deed of Trultat the address sel forth above In Ihe mannor preSCribed by applicable law Excepl for any other notice reqUired under apphcable IlIw to be given in InQlher manner. any notice provided for In thiS Deed of Trust shall be gIven by malhng such nollce by certihed mall addressed 10 the other par1ies, at Ihe address set 'onh above. Any nolJce provided tor 10 this Deed of Trust shall be deemed to have been given 10 Borrower or lender when given in the manner deSignated herem HI lnapactlon.lender may make or cause to be made reasonable enlrles upon and InSpeCIIons 01 the Property. prOVided that lender shill give Borrowe, noUee prior 10 any such inspection speclfVlng ,easonable ca,:,se therefor rela1ed to Lender's mterest in the Properly (g) Reconn,anc.. Upon payment of all sums secured by thiS Deed 01 Trusl.lender shall request Trustee 10 reconvey Ihe Property and shall surrender this Deed 01 Trust and all notes evidencing Indebtedness secured by Ihls Deed of Truslto Trustee Truslee shall reconvey ttle Property wilhout warranty and without ehlrge to the person or p8r3ons leglllly entitled thereto SUCh person or persons shall pay all cost, 01 recordation. I' any (h) Penon.aI Property. Security Ag...ment As additional security tor the payment 01 the Note allll1l1uros. equipment and other personsl property used In connection with the real estllle or Improvements located Ihereon. and not otherWise dectored or deemed 10 be B parl ot the real estale secured hereby. shall be lubject toaaecurilv interest In lavor of the Lender undpr the Nebraska UOlform CommprCllJI Code ThIS mslrum'ml shall be con$1rV8d l!l~ II Security Agreement under Hid Code, ami the Lender shan nllve 1111 the righttr and remedies or a secured party under said Code m addihon to the rights and remedies created under IInd accorded the lender purSUIlnt lc. this Deed ot Trult. (i) ............ In lhe event Ihat any provision of thiS Deed of Trusl contJicr wl1h Bppllcablulaw at are declared Invalid or OlherWIse unenlorceable. such conflicl or invalidity ,hall not IIffect the other provisions 01 thl' Deed 01 Trust or the Nole which CBn be given ellecl Without fhe conrllcling proVISion. IInd to thIS end Ihe proviSions of the Deed of Trult and the Nole are declared to be severable Borrower ha' ekecuted thiS Deed of Trull the dllle wrltlon above (J"~'~- ~ Borrower (i'