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<br />16. Covenants of Trustor with Respect to Leases. Without the prior written consent of Beneficiary. Trustor shall not, directly or ndirectly,
<br />with respect to any lease of space in the Trust Property. or any portion thereof, whether sucn lease is now or hereafter in existence:
<br />(a) Accept or permit any prepayment, discount or advance payment of rent hereunder in excess of one month.
<br />(b) Cancel or terminate the same, or accept any cancellation. termination or surrender thereof, or permit any event to occur which would
<br />occur thereunder to terminate or cancel the same. other than termination for nonpayment of rent.
<br />sic) Amend or modify the same so as to reduce the term thereof, the rental payable thereunder. or to change any renewal provisions
<br />therein contained.
<br />(d) Waive any default thereunder or breach thereof.
<br />it) Give any consent, waiver or approval thereunder or take any other action in connection therewith. or with a lessee thereunder, which
<br />would have file effect of impairing the value of the lessor s interest thereunder or the property subject thereto. or of impairing the
<br />posmon or interest of Beneficiary therein, or
<br />M' Serve, assign, pledge, mortgage or otherwise dispose of, or encumber its interest in any said tease or any rents. issues, profits issuing
<br />or arising thereunder.
<br />17 Warver of Statute of Limitations. Time is of the essence in all of Trustor's obligations and duties hereunder; and to the extent permitted
<br />by, law, Trustor waives all present or future statutes of limitations with respect to any debt, demand or obligation secured hereby and
<br />any acbm or proceeding for me purpose of enforcing this Deed or Trust or any rights or remedies contained herein.
<br />18 Assignment of Deposits to the event construction of improvements is contemplated by the loan evidenced by the Note secured
<br />hereby, as addiflonal security therefore, Trustor hereby transfers and assigns to Beneficiary, all right, title and interest to any and all
<br />monies deposited by or on behalf of Trustor with any city, county, public body or agency, sanitary diVrice, utility company, and
<br />any other body or agency, for the installation or to secure me Installation of any utility by Trustor. pertaining to the Trust Property
<br />19 Corporation or Partnership Existence. it Trustor is a corporation, general partnership, or limited partnership, it will do all things
<br />necessary to preserve its corporate or partnership existence, as the case may be and all rights and privileges under the taws of the
<br />state of its incorporation or organization.
<br />20. Forbearance by Beneficiary Nut a Waiver. Any forbearance by Beneficiary in exera;ing any right or remedy hereunder. or otherwise
<br />afforded by applicable law, shell not be a waiver of or preclude the exercise of any such right or remedy. The procurement of
<br />insurance or the payment of taxes or me discharge of liens or charges by Beneficiary shall not be a waiver of Beneficiary 's right ;o
<br />accelerate the maturity of the Indebtedness.
<br />21. Remedies Cumulative. All remedies provided in this Deed of Trust are distinct and cumulative to any other right or remedy under this
<br />Deed of Trust or afforded by law or equity, and may be exercised concurrently, independently or successively
<br />22. Successors and Assigns Bound; Joint and Several Liability: Captions. The covenants and agreements herein contained shall bind. and
<br />Me rights hereunder shall Inure to. the respective successors and assigns of Beneficiary. Trustee. and Trustor. Ail covenants and
<br />agreements of Trustor shall be joint and several. The captions and headings of the paragraphs of rhos Deed of Trust are for
<br />convenience only and are not fc• be used To interiow or define the provisions hereof
<br />23 Notice Except for any notice required under applicable law to be given in another manner. ial any nonce to Trustor provided for in this
<br />Deed of Trust shall be given by mailing such notice by certd)ed marl, return receipt requesteo addressed to Trustor at its mailing
<br />address set forth above or at such other address as Trustor may designate by notice to Beneficiary as provided herein, and ib) any
<br />notice to Beneficiary or Trustee shall be given by certified man, return receipt requested, to Beneficiary s and Trustee s mailing
<br />address stated herein or to such other address as Beneficiary or Trustee may designate by notice to Trustor as provided nerein Any
<br />notice provided .for in this Deed of Trust .shall be deemed fro have beer given tc Trus?cr, Beneficiary or Trustee when given in the
<br />manner designated hereon
<br />24. Governing Law. Severabiftty This Heed of Trust shall be governed nv .'he laws of trip State of Nebraska in the event any provision or
<br />clause of Iris Deed of Trust corflicts with applicable iaw . such conficr shall oar afterf other provisions of !his Deed of Trust which car
<br />be given effect wihour the conflicting provisions and ri) 1h,s eno rile provisions of !h,•s Deed of Trust are declared .'o be severable
<br />25. Events of Default Each of me following occurrences shall sic; ^nstih fe an even! cf default nereun�,er ihereina' ter cailpd ar, Evenr
<br />of Default "!
<br />`a) Trustor shall fail to pay when due ary princ!pal interest. or princ,oa; and interest on she Jr,debtednpss
<br />ib) Any warranty of title made tov Trusror he!e,n shat) be unrrue.
<br />{C1 Trustor shall fail to observe or perform any Df'he covenants. agreemews �,,. ,,. 5 1 "nos - ee4 Or Tt -.S.',
<br />Any representation or warranty .made by Trusror or any financia staremer,!s or:e,:.ra s ss2)ri, ^ed ! ^, 8enpa ,3ry by , r ,n behae,.f
<br />Trustor shall prove false x ma!enaPv mrsieadrrg
<br />lei Trustor shall fail to perform or observe any of the covenants condit,j:ns or agreements cnraa,reU !n or bin ;;fig u on Castor under
<br />any building loan agreement Sec unty agreement ledn agreement 4naoctng staremenr car any ctnef agreement 'risrrumpnt
<br />document executed by Trustor ,n corinecUon with the loar evii1enceo by me Note.
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<br />if) A trustee. receiver or iigmdator .,f !ne Trust Property or of Trustor stool! ^e appo!r.!ed.. anv .,f !nP c•pd. r • r�srcr ,ndil fire
<br />petition m bankruptcy against Trustor or for the r&orgamzabon r,f Truslc, pursuant r✓ the - edpral Aa�sn,a y cd� >r any similar
<br />law. whether federal or state. and J such order or pevroon shall nor he doscI,,arged r,;r d,S- -set.' with!n rhir'y i0) days after The care
<br />On which such order or petition was toted.
<br />tg) Trustor shall ffie a petition pursuant to :'he Eedefai Backruptcy Cade or any sim:ia! iaw federal c:r sra!e r •! Truster ;A :all by
<br />adjudged a bankrupt. or be deciared ,nsoivem. or shah nlaoe an a:;sgnment for the ber;ef,! of credl! ors of Shari ddrrbt ,n wor,ng ;rc
<br />mabikty to bay,15 debts as rney become due. or shall corsenr ?n the appointment of a rcce've, Of 3r! 3r any pert cil fie Trust Property
<br />ih; Final judgment for the payment of .money shall be renderer agairsr Trustor arid Trustor shall no! d;SCharge The Same, or cause a ro
<br />be discharged. witttm thirty i30+ days after the entry !,riefc-ol or shat! riot appedi Meretrorr! :r;r 4orn the order, decree or c)rocess upon
<br />which OF pursuant fc, whirrs sa,d judgment was granted, bases. or en!pred. and secure a stay cl executior pending sunk apped %.
<br />iii T!Usfor snail .sell or convey The Trust Property, or any part thereof or any rnreresi !herein or shah be divesreo 9, is bile pr any ,merest
<br />therein, sin any manner pr way . whether voluritanfy :or irvJiurraniy without !r!e written consen! of Benehcrary being first had and
<br />"tanned of
<br />fl ff Trust is a corporation or parfrerc5hip and intore roar fifty perrpn! ,50,o of the shares or beneficial in?wests in such corporation pf
<br />parfriership, as the case may tile, snail be !fanSfeI16C (?' i:Or,vp ypd. whethe! voiurrarty or rnvofuntaril y. without the wrirren =;;rnSpri C/
<br />Beneffcrary being firs? had and obtained
<br />26. acceleration of Debt; foreclosure Upon The occurrence of any Ever,? of Defautt, fir any ,rime tnereaffe'r Beneficiary 'tray at :1S OOrPon
<br />declare all the /ndeb?edriesS . secured hereby irnmediately due and payabl- and the same shah bear :nlereSt at rIlp default rate. d any
<br />sel forth sin the Note or otherwise a! the highest rate permitted by iaw, anct wespeceve of whether Beneficiary exercises ',ad ,iplton ,r
<br />may, at its option and in rs sore discretion without any furtner nonce or demand ro or upon Trustor do one or more of the following.
<br />41 B13n @(rCrary may enter upon. take ;AUSSession of, manage and opprare the Ilium Prcpenv or any par? ?hereof . make repalr5 and
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<br />alterations and do any acts which Berieficiary, deems proper to protect the .SBCC'rry !hef&Of and either w:!h, or w71hou! taking
<br />possesswri, in its own name, sue for or otherwise collect and receive rents, issues' and profits_ mcludiny !hose past rue and - ur,parc
<br />and apply the same• iess costs and experses of operation and collection including reasonable anomey lees and Benefr( iary ':
<br />costs, upon the Indebtedness secured hereby and in such fader as BpneG<:�ary may deter m,•ne U1) t. guns! of f3enericieirl.
<br />shall assemble and shall make available to 8enefoU9ry any of rho 'rust !r r1 City x! c! )as been re nlf,' r l r, h snit r .I l .,pot
<br />Wong jlos'sesv Jrl of fie Trusf /"'pent, me fOflection of ,iiny rpnrs, ,; >tfp.`. and ilric The i;,fi•,Ca! ,. ! Prerrr ,a. a ['!?sat f. _ r +H!i
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<br />rN,P1 f ufe, ,rjr waive any rlefoulf 1"Ifelotore Or iflereatter (" 'urrir g of ilre,C! any )Y) , W )f '1Ela✓(f ) 3 , : t . liwewlOor
<br />anvethdafe any art (ion" bvr3uSnr to eny such riorff.e Nr f W rh5 anrf r S HCf,E r r rdry sir ia, t t l , r sir oil (l,pt fir
<br />feel,;(:,. r. a*nrin nil 'on fl; ij sue S =Tr ;hall ,flr r , .sir ri. :qt ,
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