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<br />2 , : COVARRIM taf 7ru rl*wr Respect to Lanses-Wiftiou, tne: prior wroth consent of Benefrcary. Truster'shalr not. chrectly :or inntrectiv,
<br />w to any= of space rr the Trr Pmm, m or env corgi : t,: rsuch= liaise :s now Drhereafter it oxtSMnce:
<br />(a; A=wVtarp~ iany- nt discount or advance pay'nent of rent rrn. excess of tine month,
<br />wacceptanyrancelialon, :ae - , or surientherthen ol. :or'permlf env event to occur which would
<br />oCCUr,ftMMMdprtO #prmWUf& a,cancei'me. -Agora. COW than agmvraMori for nonpayMent.ot rent,
<br />(c) *mmV,srnwdffy Me.sarmscas to tesdmovI e ti rntheereaf, tie tentai AayaDie lhenumder, :or to change :any renewal provisions
<br />fttt) illeirre any r uar baeaCtt 3fteraeal,
<br />jo) anwarvyzomom weiveer.m ortai any other action in connection lherawfth, or.wlfh a hissee thereunder. which
<br />;tIM•IhbL't- frf =�Ifrp thevaluLe Of:. 'ACS81Qr'S;in[erest triersunderortlie property su4sctthereto, or: of- imparnng,:the -
<br />SJrtrrhare�ta1 _ffaer�wi,s.Le'
<br />ff) r, :f or aMerwoe daps t orancurnber its morertm -any said team or-any rents, issues.:Aroflis issurng
<br />17. 14vvrr.af -S aauee_af . Tires is Df ffse: etrce m.ait:of Ti istDr's obkgations.and duties hereunder, andto the extentperrretied
<br />law, Tit r. sail:: xx .s otfir is x h raespectto any debt, demand.orobNgation secured hereby <and
<br />anymaton arpwoeedirtg lot ngfafs or remadjes:zonterned hetein.
<br />18. > . Vf s. m the event construction.ofir Wirivements is conternpdakid by the loan :evidenced °by the Note secured
<br />h wwby, A&, itytfrerafora, Tnrstariaetabytraiwfers and assigns to Beneficiary? all right, title:attd.interest to any an all
<br />by pram ttetsrttf Of Trr:Jar:wtthanysofty, cowW .pubkc boay.or :agency, sanitary.district. of fity.company,:and
<br />:any :tabar xody.or agency, for the instakatron or to secure the installation ofanyatifity by Trustor, partarning to the Trust Property.
<br />Y8. or T rship Existence. H7rustor is a carporefion :.general partnership, or limited partnership. it :wifl.do all :things
<br />neoessary-topmovive its corpoliale or.partnwship :existence, :es the case maybe, and all rights and prMteges underthe laws of'tlw
<br />!sue :eifft vocarpmation or' , _
<br />20. f by Beneficiary Not :a. Waiver- Any forbeetance :byBenaficiary in exercising any right or remedy hereunder, :or otherwise
<br />a by. vppOic able law, :shalt noire a waiver of or preclude the exercise of any such right or remedy. The: prccurrarnent of
<br />awArance. or the: payment.oftaxes orthe dachargeof hens or by 13enehciary shall not be a waiver of.Berm4tcorys right to
<br />the matunty ofthe tnderbileiness.
<br />21. faemecies;%nutaaive. All re"tedies provided in ithizz -Deed of Trust are distinct and cumulative to any other right or remedy under this
<br />Deed :of7nust or :a7lorded by law or aquity. and maybe exercised concurrently, independently or successively.
<br />22. -Sucoassocs -aid Assigns Bound, .Jantand.Several1labikty Lapfions. The covenants and agreements herein contained shall bind. and
<br />V* rights henwnder shall inure to, the respeciwe.successors and assigns of :Beneliciery, Trustee, and Trustor. All covenants and
<br />isgreemants of7rustor shxall :be fast andseveial. Tice captions: and headings of the paragraphs of this Deed of Trust are for
<br />.ronv rmfice.onyr :,and are notto be.used.to interpret :or - define the provisions hereof
<br />23. Notice. e. Fxcaapttbr any roil: a rtsquir$d untlerappkcable law to bL_grven in another manner. (a) any notice to Trustor provided for in this
<br />Deed ofTnrst :shall be given -by matting such notice by certit ed mall, return receipt requested addressed to Trustorat its making
<br />address setfa ft aboveor.at such.other acidress.as -Trustor may designate by notice to Beneficiary as provided herein, and fb) any
<br />noirce to Benshciary or Trustee shall.be given by_cerMed mail, return receipt requested. to Beneficiary's and Trustee's marling
<br />:address stated herein or to such other address as Beneficiary or Trustee may designate by notice to Trustor as provided herein. Any
<br />police provided for in ffris Deed of Trust shall be deemed to have.been given to Trustor, Beneficiary or Trustee when given in the
<br />mearter designated herein.
<br />:24. Governing Law; Sevembifrty. This Deed of Trust.shall be.govemed by Me laws of the State of Nebraska. In the event any provision or
<br />clause ofthfs.Deed of Trust.corMicts with applicable law, such conflict shall not affect other provisions of this Deed of Trust which can
<br />be given efhect wkhoutthe conflicting proviw,)ns and to-this end the provisions of this Deed of Trust are declared to be severable
<br />25, Events of Default. Each of the following occurrences shall constitute an event of default hereunder. thereinafter caked an "Event
<br />of.Deiauf ' ):
<br />(a) Tnrstor shall fail to pay when due any principai, interest, or principal and interest on the indebtedness,
<br />(b) Any warranty of title made by Trustor herein shall be untrue,
<br />(ci Trustor snail fail to observe or perform any of the covenants, agreements. or conditions in this Deed of Trust
<br />(d) Any representation or warranty made by Trustor on any financial statements or reports submitted to Beneficiary by or on behalf of
<br />Trustor shall prove false or materially misleading,
<br />(e) Trustor shall fail to perform or observe any of the covenants, conditions or agreements contained in, or brndmg upon Trustor under
<br />anybudding loan agreement, security agreement, loan agreement, financing statement, or any other agreement, instrument or
<br />document-executed by Trustor in connection with the loan evidenced by the Note,
<br />ff) A trustee. receiver or liquidator of the Trust Property or of Trustor shall be appointed, or any of the creditors of Truster snail file a
<br />petition in bankruptcy against Trustor, or for the reorganization of Trustor pursuant to the Federal Bankruptcy Code. or any similar
<br />taw, - whether federal or state. and if such order or petition shall not be, discharged or dismissed within thirty (30) days after the date
<br />on which such order or petition was filed,
<br />(g) Trustor:shalt file a petition pursuant to the Federal Bankruptcy Code or any similar law, federal or state, or it 7 rustor shall be
<br />adjudgede bankrupt, or be declared insolvent. or shall make an assignment for the benefit of creditors. or shall admit in writing its
<br />rrmbiklyty :pay its:debts as they become due, or shall consent to the appointment of a receiver of all or any part of the Trust Property.
<br />(h) .Fine/ judgment for the payment of money shall be rendered against Trustor and Trustor shall not discharge the same, or causerr to
<br />be :dlscharged, within thirty (30,1 -days after the entry thereof, or shall not appeal therefrom or from the order. decree or Process upon
<br />which or.pursuarit to which said iudgmenr was granted. based, or entered, and secure a stay of execution Mending such appeal,
<br />fi) Trustor shrill sell or convey the Trust Property, or any Dan thereof, or any interest therein, or shall be divested of its title, or any interest
<br />therein, trr any manner or way, whether voluntarily or involuntarily, without the written consent of Beneficiary berno trst had and
<br />obtained, or
<br />{j) tf 7nrstor is a corporation or partnership and more than fifty percent l50%. of the shares or beneficial interests rr? such corooranon or
<br />partnership. as the case may be, shall be. transferred or conveyed, whether voluntarily or !nvoluntaniv. withaour the written consent of
<br />Beneficiary being first had and obtained.
<br />25. Acceleration of Debt; Foreclosure. Upor, the occurrence of arty Event of Default, or any time thereafter, Beneficiary may. at its option,.
<br />dueciareall the Indebtedness secured hereby immediately due and payable and the same shall bear interest at me default rate. r.i any
<br />set 'forf rr in the Note, or otherwise at the highest rate permitted by taw. and, irrespective of whether Beneficiary exercises said optror. rr
<br />may, at its option and m its scale discretion. without any turther notice or demand to or upon 7rustur. do one or more of the tokowing;
<br />(a) Beneficiary may enter upon, take possession of, manage and operate the Trust Property of any part thereof: make repairs and
<br />and do any acts which Beneficiary ateerns.proper to protect the security thereof, and either with or without taking,
<br />in its oven nee, sue tot or otherwise cokectand receive rents, issues and profits, including those vas' due and unpaic .
<br />and apply the some, Tess cysts and expenses of operation and collection. ractudrng reasonable attorney tees and Berieticiary s
<br />COM, 44M the = rss secured hereby and in such order as Benwrcary, may determine Upon request o!:Beneliciarv, Trustor
<br />shall- assemble and small mfr available to Beneficiary any of the Trust Property which has been removed. The entering upon an,,,
<br />of the Trust Property, the collection of any rents, issues anti protrts. and the appirratron mereo! as eforesaic, trial;
<br />net care orwaitie any default ibereetofore or thereafter, gccurnng, or affecl any notice, of detauir or noiil N of calf,, hereunrfe l
<br />invalidate any act (lone Pursuant to any such nolict Notwithstanding Benetieiary : ti conttnuancio in posses ior. u- receirp. aril
<br />applicaitan of rents. r sue, or profits, BereIrrary shell be entrust rte exercise rrve?i ngr, pn3ivned ive it tr,n, Deev ;r! 7rusi nr hti, lire
<br />uporcor eftet Me vG�urr ncie or ar, Event of Default rrtcajurnp, me rirpht ry exerr..ese the f)Dwe% 0 sale 11'7V 0' `f7N &?lIC7nS refVrrec! ri: rr
<br />Ow. may t3G raililm t'ty Iene.fir at rru -t; rrnw as Her#elrcfdrr may' deterrr!,ne K9tr. y.' yea r^ rr> •ire aaenuar.; �r' ean�
<br />iiiecuarity tm the irrdehaeetrress srrcurrc hemm,
<br />rrs; nary rh Sat wafr ou r rIlgRrrf !u It w: rkrloquwt r' any sei:unil• b' the kxftrl ?teR e.., t~rgi t
<br />arraver nt 3*19 rcrc wrs� i'vy are4 cvor? rrteirrs )urtsdr irv, waMiarl nslc r o fRhr , c ,ai,�s, n.'r , e „<rrt
<br />PrM)*riy aril. upvrai4 t^t s,xW:vr+E- api`r t :rte r ?rw re':^i 'sue' a..r" profit" rwrvr"Dr,
<br />fie:, °w�*ito +&r'Y aeb •y,e :man. �k =,:r. de' ?tr ��t« ,_�= ^dt +sE�nl'(t. ., ll ,'�.,..d ,,. ,.. ctt_: �
<br />t>,r r. �i3f� i'r�zCtar 33
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