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<br />6. Eminent Domain. Lender is i -maby assigned all compensation. awards. damages and other payments or relief (hereinafter 'Proceeds') !n connector with
<br />condemnation or other taking of the Property or part thereof, or for conveyance in lieu of condemnabon Lender shall be entitled at its option l° commenconnecion and
<br />prosecute in its own name any action or Proceedings. and shall also be entitled to make any compromise or settlement in connection with such taking a damage. m the
<br />'AA event any portion of the Property is so taken or damaged. Lender snail have the option . in its sole and absolute discretion, to apply an such Proceeds. after deducting
<br />YJ therefrom all costs and expenses incurred by itin connection with such proceeds. upon any indebtedness secured hereby and in such orderas Lender may determine. orto
<br />-apply ail such Proceeds. after such deductions, to the restoration of the Property upon such conditions as Lender may determine Any application of Proceeds to
<br />indebtedness shall not extend Or postpone the due date of any payments under the Note. or cure any default thereunder or hereunder -
<br />.,,.1 - Performance by Lender. In the event of Borrower's failure to perform any of the covenants herein or make any payments required hereby. or if any act is taken or
<br />P7 legal proceeding commenced which materially affects Lenders mterestih the Property. Lender may in its own discretion, but without obligation to do W and without notice
<br />toot demand upon Borrower ano without releasing Borrower from any obligation, do any act which the Borrower has agreed but fails to do and may also doany other acts
<br />.e...�.a� deems necessary to protect the security hereof. Borrower shall, immediately upon demand therefor by Lender, pay to Lender all costs and expenses incurred and sums
<br />T`y expanded by Lender in connection with the exercise by Lender of the foregoing rights. together with Interest thereon ache rate provided in the Note. which shaft be added to
<br />- the indebtedness secured hereby. Lender shall not incur any personal liability because of anything it may do or orrut to do hereunder
<br />8. Events of DahuB. The following shall constitute an event of default under this Deed Of Trust
<br />(a) Failure to pay any installment of principal or interest Orally other sum secured hereby when due, or failure to Pay when due any other lnfebledness of
<br />Borrower to Lender:
<br />(b) A breach of or default under any prevision contained in the Note- this Deed Of Trus., any document whirch secures the Note. and any other
<br />encumbrance upon the Property; -
<br />(c) A writ of execution° rattachment Or any similar process shalt be entered against Borrower which shall bec0' :ne a ties on the Property, or any portion
<br />thereof or interest therein: - -
<br />(d) There shall be filed by or against Borrdwer an action under any present or future federal state or other statute. law or regutatron relating; to
<br />bankruptcy, insolvency or other relief for debtors: or there shall be appointed any trustee. receiver orlichudatorof Borrower or of all Or any part of the Property. Pr
<br />the rents. issues or profits thereof. or Borrower shall make any general assignment for the benefit Of creditors_
<br />(et The sale. transfer. assignment conveyance or further encumbrance of an or any pars of or any interest in the Property. eettfer yoi;antar:ty Or
<br />involuntarilyr without the express written consent of Lender.
<br />(f) It Borrower is not an iidividuai. the sale. transfer assignment. ccinveYdnCe Or er+LUmbrance of more than _ percent Of (it acarpdrattrar; !LS
<br />- issued and Outstanding sock or (It a partneishtpt percent of pertnersh.p,nferests - -
<br />9, Radradies; At COW111tiori Upon DetauB. In the event of any Event of Default Lemfer may dectare aft indebtedness secured hereby lobe due and payaoieand the
<br />same Shall thereupon become due and payable without any presentment, demand. protest or notce of any kind. Thereafter Lender may
<br />(at Demand that Trustee exercise the POWER OF SALE granted herein. and Trusteeshall thereafter cause Borrowers interest rn the Property to be solid
<br />and the proceeds to be distributed all in the manner provided rn the Nebraska Trust Deeds Act
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<br />(b) Either in person or by agent with or vnthout bringing any action cis proceeding_ Or by a receiver appointed by a court and without regard tb ?ire
<br />dde4U8ty 0 }KS SeCUnty.enler upon and take pOSSESSiOn of the Propertt. Ot any pa ^t?aerPOi ir.its OWn name orin[he name olthe Trustee. 2rgdfd0 artyactsiefcGt:
<br />It deems necessary or desirable to pre5erye the value, markatabulty Or rentebdity Of the Property. Or part thereof Or interest therein. ,ncreaW "ye 'voci ve
<br />therefrom or protect the security hereof and with Or without taking possession Of the Property sue for or otherwise theise collect the rents, issues and Protits!hertf
<br />including those past due and unpaid- and apoly the same. less costs and expenses OfOpert+onand collection including attorneys fees, upon any indebtedness
<br />secured hereby. all in such order as Lender may determmei The enterugg upOis and taking possession of the Property. the collection of suich reins giSUeS argil
<br />Profits and the application thereof asaforesaid_shall not cure or warvearydetaun or. ,jce ofdrayutt ne<eunder of invalidate any act done in rtemsO iSetosand
<br />default or pursuant ro such notice of default ano notwtfrtsta"ding the Conti nuance „i possession or die Property or the collecbpn. receipt and appNrabmn of
<br />rents. issues of profits. Trustee Or tender shelf be entitled 10 exercise every npht proceeded for m any Of the Loan 1-1 -them or by law upw Oqufe { Of
<br />event Of default. Including the night to exercise ilia power of sale: and - z"Y
<br />(c) Commence an action to lorectose him Deed bf Trust as a mortgage appomT a r-{- Or Specifically eforce any of ire covenants s+�repf;
<br />- NnrLpr¢dy herein conferred upon or reserredtot rustee Or LerfOer to intended to to exctus trEOt.anir ore ,,,e.e dyare,n or by taw provided or perrnited. but eassapb2
<br />cumtrW+ve, shaft be in addthoo to every other remedy giver, fereualdet of now te r herea%- ex :s±.mx at raac Or sr, cowry or by statute antl maybe exercised ceincurre ve
<br />lod Peiiallefitly or successively
<br />711 Tntttee. The Trustee may resign at any t rut+ eihout ,".dusP and erg -
<br />-ay - ..r^e.a^^ ., "„,er rap.,sea:^pq;•, +d successor or subsut:.te stcE ?r,.-v5ee
<br />stroll not be liable for any loss M damage unteSS due U actionable nest =gP rE ,;Oe regt+'erf :O take 2nr aCteO. ^. m ;0.. -ore xi£_ —: w ±; ry
<br />eatmcement of this Deed of Trust unless indefrin..ieO, in vrnhrtg. for air costs. {Orrivi saga- or expenses which may be assOCwlta tttany action
<br />In addnwrt Trt rray
<br />tiewnleapwchaser at any sale of Me Property (judicial On under itte povve<efsafegrarr ? ednc. e,,;, pastpOnepmesaie ofalxra anypOrtiOn of the prop", asprovaded bynaw.
<br />W SW the Property as a whole- or in separate parcels or lots
<br />11, FullibreAdvances. Upon request of Borrower. lender may. at lbl option make a,oda+c -,at a, - t„,z�.rn aCnV3r+ces acrd readvareces to Borrower Such adva,•ices arc
<br />readvances. with interest thereon. shall be secured by they Deed of Trust At rte l =rnveihait the pr.r+c..pal a^'%> -iv ^'. the erdebtednes5 sec,i•ed by this 2iLl+St Of Tn1SL nE :n-
<br />dulling sums advanced to Protect the security of this Dees Of Trust exceed the Orzg�tIlf <ric:�^a- ae,ca«.;~<stateO vier =till - is
<br />12- Mliallpffivelvallus Proy3go fa.
<br />(a) SOffaWr Not Released. £xtens�o- Of the €,r,z rOr
<br />Lender to any successor m interest of Borrower snarl ^Gt operatetO release : _ .anne "^e - all. ?,tv �£ ,x+e Or.q,.;at Borrower and Borrewers successors xr
<br />interest Lender shall not be required to commence proceedings agaensi such ti,ccessef te£u'rat,:extend;ime for payment or otnerwisermddyamOrhza - ill-
<br />of the sums secured by this Deed of Trust by feaster. Of any demands made by tae Q ai Se I_r a-
<br />s successors in interest
<br />(b) Leuder'sPosrers.Without atfecung the habur:y of any clyte'oPrscn'iaOFe forme pay**ie..t nr any Obligation nerein mentioned.anewrE£tOU3 affecte',q
<br />- the hen orcharge of this Deed of TrustuROn any ppr;rOn Ot "pro Perty riod : nee+ O- itreretOfr,re re;aseo a<Ser:ar.cy torture futFamOUniof atrcnepaid o�:fatat pr.c
<br />Lender may- from time to time antl without notice (if release as person. s ?,able der) exher-° 2hE n^aal•ity tex after any Of ire terms Ot arN StGi? obfega•:aores.. i,s?„
<br />grant other indulgences. fly) release orreconvey.or cause to beretaasec 4r•Ocomye,ao at ar=e r,.,±zT !;p,.,r,�?rsdpleL =r!5 any parcel_pdrteon Oraft0t tfa±PrOpt: E+v.
<br />(v) take Or release any other or additional Security for any obftga•.eL.. a. rein n'eTr ;.x Or ?vvi ...aRm,kyss >.O.ns ryf Gtmer 3rrahgPrnenl�w.tir dabEOrS,n retaoOri
<br />theinste
<br />(c) Forbearance by Lender Not a Waiver. Any forbearance by Lender .n exerciserb aril = =', ?.t: =r remedy dtErea :rider OrOmetwtse afforded Oy aipF.,caL£e
<br />law.shab rsof bell waiverof or preclude the exerciseofany such rigrttm rern=+3Y ThR €'- 'O{_�� -, t-"e resent Of taxes orotf�rlienscrif:.
<br />by Lender shall not be a wavier of Lenders right to accelerate the mate gy of i me ;r:O.�nt�.; mss y-_r _ � � ;,� , a`gas
<br />(d) Successors and Ast m Bound; Joust and Several Liability; - The cove -ants a-+, acr>err..ts mere contained snax bs<+d. and she rsu>L
<br />hereunder snail more to. the respective succeswrs and assigns of Lendet acid Borrower. sum ec! to !k "- OC;s_ons of paragraph 8 let rterenf All corE_nants a€id
<br />agreements of Borrower shall be joint and several The captionsand headings of the paragraphs c- ",s of
<br />Of Trt of are tOrcOnf�rt ence ��ty ar?d are not to be
<br />used to interpret Or define the provisions hereof
<br />(e) Rpueatfdr Nptdces. The Dimas hereby requ2st,le, copy of any not,ceo£detayitt— eumaet—da copy ten`any nollee o! saienereureer be
<br />each party to this Deed of Trust at the address Set forth aboyeen the manne, Pr �—bed by applicable *aw- xrept 1Or any other notice raqu +red .:rider ap:+sa.at.`—_
<br />law t0 be given m another Mannar, any notice Provided for ,n titeS Deed Of Trust shall. be giver: by ncae; <rg sues r *IIieCe by CPRef.ed ma:' aCCressed >.O me Oilier
<br />parties, at the address set forth above.
<br />Any notice PrOVrdetl fOt in this OPEC of T'ruSt srid'3 be deerrted.'o have beer,i given to Borrower Or L—e- x er y_.2r in tine r, a err
<br />notice Prior toanys.rdh mspecbon sapaCt rtause to be made reasonable entriES Upon and .r:specaOn =Oi t+ee Prrry pro,,,oeCtfat Ler:3er s'.i`:t give 80::. >a-er
<br />fying reasonable Cause therefor related to Lenders entere54 -n the PrOUerty.
<br />tM Reconreyahee. Upon payment of alf sums secured by th,s Deed of Trust. Lender smell sec:. tT ste s,,Onvey thePro perfy add snausurrender
<br />this Deed df Trust ano all notesevi0encing indebtedness secured by Ibis Deed of Tr— m Tr..cr- T._e.m _�_____ �_ _ _ _ _
<br />` . witnoOt c'Sarg2 to Rte person or persons legally entitled [hereto. $isCn — - _ —ee _ _,� _ �,. *n- =_*-*RS T9>"T'OSxs[y our warranty ar.
<br />person Or persons shaft pay a;! :.^,s ne recOrdahon .f any
<br />a
<br />In) Plarsonsi Property, Security Agreement. AS additional security for the payment of the Note a ;'t,_tu-es. agi,ipmerif, and ether
<br />en corihaction with the real estate or improvements located theraOs and not otherwise declare:: or deemeC;0 bee pe.,ed 1prby, smal:
<br />subject to a Security i Parfet the real estate secured hereby. chaff b
<br />y interest in shall Of the Lender loots the Nebraska Ufasec red Par Commercial Code Tnis,nsuurzrmost shall be cOnstrued as a Secunfy, Agreement
<br />under C r Code and the lender shall have all o rights and remedies of a secured party under Said Cede in addition 10 the ngrts and remedies created uncer
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<br />and agcordee the Lender pursuant to this Deed of Trust. -
<br />(it 5ererabiMy. in the event that any provision, Of this Deed of Trust Conflict with applicable law or dredeciafed invalio ar otherwise unenforceable -Si:cn
<br />conflict or mvdl,drty, shall not affect the other provisions of tats Deed of Trust or the Note which can be g, ven elect wanou, tna cOntnct,ng ptOSi„r., one 10 Mis
<br />and the Provisions of the Deed of Trust and the Note are declared to be severable.
<br />Bprrpvec has executed this Deed of Trust tna date written above t ±= r`ob.2 =�
<br />t ,
<br />(Rert J Pa �ePrr °„rev
<br />Jolene Pavelka) >triwPr
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