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.y �'•"�i�;i}��'�' �� ��:;•.a'y�-F4��'�45� � ��� �ii::< �S:i�'��"� ,_ ..-:i� (ur ��._: __
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<br /> �e. cow�.�a a r�ro►�m R.�.c�ro�e.sw.w�uuw�n a��►wnaM�►oi w�a n'�`s�w a'dn«�.n:r�w�r.��.. �
<br /> � wHh ntp�ot ro�ny�o/spac�!n dH Trust Piops�ly, a�r►y Pa'110^ f hproundw!n axcas d ona monfh,
<br /> (a) Acwpt a pnmtt inY P+�P�Mw^t,dlscoun�a advanc�piym�++t
<br /> � �p) C�ncN a t�milneh the wn�.a ace�pt�ny canc�Ntt�on,tomdnatfon a rurrendw dwreol.or panrUC any w�nt to occw wAkh wnu�d �..�--.r.a...._.
<br /> .�'•�, � ocCUr NNr�und�r to brminala a c�ncM dw wni,olh�r H►�n hrminapon lor ranpaYrtMnt o�ranf. —
<br /> . � ; �rl �o) M�r�d a mod�y tlw amw ao a ro reducs u►�tum q�no�.tl��nW P�Yabls dwmrnda�a ro alw��any ierMw�I pravl8lo►+s �.,,.
<br /> � r��; ��. O fh�+�Mn conffalned, �
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<br /> ' �� � '}F�,c�., ��., � (d) Wifw�ny dafwit d�nund�r a bnach Iheroof. =_=- - _
<br /> . . �''� rl ��� (�w any cons�nti wa�ver a sPP►n►'al�hereundar or�o�ny whsr acdon In connscdon dN►ewrdr,a w!M�Nss�a qwrovMw.wh►ch �
<br /> 1 - '_�__ . wa�fd Aavo tM elf�ct ol Impal+lnp Ihe vdue of Gw Iwsa's tnterest Mero�mchr a tM propsrry aubNct tMroto,a d impWrYp tlw —:;-�
<br /> . ;:. . �..:�;::�v��
<br /> .�-i' ' � poa�lon alnterotto/BeNlocla►Y fhs�ar^�o►
<br /> . .��,:' , ' CV (/� �1�.asslD�,P�Oo.�O+�De a ofhorwlro dlspose o%a encumbu!ta Intaost!n 4ny aaW Joaso a�ny reMS.lsswr,ProRts lssuin0
<br /> --- • � ar aristny thereundar. ���"':—
<br /> � � 17. Wa►w►o/Statute o1 UmJtaUoriss.Ame Is ol the essmce In aU ol Tiusta's obllpadoris and dudss he►eunder,end ta the extem pwmltfed
<br /> uo
<br /> .; � , by law,Tiustor welves all present a fuNre stetutei o/Yrnitodons wifh respect ro arry debt,demand a obllpadon soau►ed hwoby�nd �
<br /> any acGon a procoedMp/a dw pu►pose ol en�aGn�th18 Daed o/Trust or arry rlphts a remodlas coMi�r�ed ha�eln. ==
<br /> 19. Assi�nment ol 0eposlts.ln the evem consvucdon o/lmprovemer►ts!a cademplefed by the ban eWdanced by the Note secured C:;�;;ti�'-�_-�
<br /> hereby,aa eddldonel secudry therefare,Trustor hereDy hanslers and asalpns to Benetklary,all dpM.6tM wid 1►►tarest to erry end W --
<br /> • monles daposlrod by a on bahaH of Tiustor with any clty,counry�Pubflo body o►agency,senttary dlsbkL utlllry ca►►AFr+Y,and
<br /> ::�'. , any other body w apency�/o►the lnnallaUon a to secuie the Installador►ol a►ry udUry by Tnuta,PeAauw�9 ro Me Trust Picper�.
<br /> � �---- - —
<br /> ip. Capwatbn a Pa�b►e�shlp Exlstencw. ll Trusior!s a capaadon,9e^�►al Parfne►shlp.a Um1tAd Aa►fnnrafiiA,it will do all GW�gs �,,,
<br /> � . •..,, �° � necessary to p�esQrve!ts corpaate o►PannashlP exletonco.as tlw casP a►aY be�end�ll rlphts and pdrrWqes anda►!ha laws of!N�
<br /> . st�t�oi Ue lncorporatbn or a9ar+►zatlon. ��*`•�_ '•-°-
<br /> i<�•��;��`;., ,:; � 20. Forbearancw by Benetfclary Not a Walver.AnY/o►Aoaranoo by Ba�ary!n exerclalny any dnhf a remedy hereunclo►,a ot/wrwlso �. , — ----
<br /> .,"�,,:�: �,+..� � . allorded by ep�icable law.shall not be a walve�ol ap»ck�de Ehe exer�clse of any such dgM or remedy. Tlre Procu��ement ol ��,>��"_:-
<br /> lnswa►+ce a dw pa�wnt ol taxes a dw dische►ye o�iens a charyes 6y Ba►wNclary shs�l►nof be a wslvor of Benef,oiary's dpM to �::;��.,�--
<br /> ".. ,�".' •, ' . acCelwatB thA malwlty 01 the IndAbtedness. ----
<br /> c,e,'.
<br /> , �,. , '. 21. Remed/os Cumulative.A11 remedtea praWded rn tl+�s De�d d Trust ere disUnct and cumulaUve ro any other d�ht or namady undw tl�s �4,�,�eN
<br /> ' Deed of Tiust a effaded by law w eqWty,ead maY be Qxerclsed concumenty�lndeppndenNy a succQSSlvely. _i`::.+R,:M �
<br /> �'�; 22 Successors and Assl�ns Bound;Jab+t and Severel[iebUiry;Capdonc. Tha cavenanfs and agreemen29 hereln oorrt�ir►ed shad bind,and •;�;;.� ..� :
<br /> •e. , 'tti-:i-=n-�.�.,�.
<br /> � � ° ' • �:: the dghta hereunder shaN inure to,tba respecNve successas and asslgns of Benalic�ery. Trustea,and Tiusror.Afl covenants and � _.
<br /> a�reemen►s of Trustor sh�ll be�olnt uid sev�eral.The cepdons and head4�gs ot the parepraphs o1 tlrs Oeed of Tiust sie/a L,:..���,:
<br /> convw�lence ony end a►e nd to be used to interpret or define fha provlslons hareol. �r.r�_:
<br /> ° • d e�e Nca6f��iw to be glven in anofher manner,(a)eny nodce to Tiusta p►ovlded br!n tlrls �:=:
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<br /> �� 23. Modce.Except fa eny r►otice ne4 p �9 ���i,�cac�- -
<br /> - ..} aead o/Tiust shall be glvea by maiNng such notice by ceKdied m�Yl,ieturn recelpt requested addressed to 7iustor at!ts mall!
<br /> � edd►ess set lortf►above or aP such other eddress as Tivstar mW desJpnate by nWice to BeneNdary as provlded he►ein,and(b)eny ,,r�;,�:•„_.
<br /> up.ared,to BeneHcl s and Tiustee's ma!/!nq �t;�.,•...�;dn�•--�
<br /> � . -- noOlce to Benehciary a Trustee shaN b&�hran by ccrbf�'r�d msN.refum recerpt reQ e�Y'
<br /> � �• , ` " � � address stated hereln a ro such othar addiess as BeneHclary or Tiust�e may designate by nodce M Tiustor as provlded hera(n.My f�,�;�'i+��.:�:':•;.`;-
<br /> � noace provided br in mis D�ed o/Tiust sh�Y be deemed to have bQw+9iven to Tnista,Bene/iclary or Trustee when ylven in fhe �;��;.r A_,,:
<br /> manner desJgnated here4n. ;�y'�;w�,�"' -'`;_".
<br /> � ���'`•� p�. Qoveming Lew:Severa6Yity. fi.s Deed of Trust shaU be pavemed by the laws of the State o/Neb►aske.!n the event eny provlsion or ,,�:.,,!,.;, "
<br /> � � •��,'•`�'� cfause o/fhls Deed of Tiust co�+N/cts wid►appllcable la�r,sueh cortltict shall not aHe+ct other proWsiars ot thls Deed of Tiust whlch cen :�:. ,
<br /> ,_ be gfvon eHect wltl�out iha conBicdng provisio►+s and ta drs end the p�ovisfons o!Mis Deed ol Trust are declered Io be seveieble. ,
<br /> ' v 2b. Events o/Dafault.Each o�the/oUo�nnD occwier+oes shFJl Constlt�te an event of delault hereunder,(he�elnaRer celled an"Evont ,L,.���___
<br /> • h a veraun°�: '. ?F. .--`
<br /> t , (a/ Tiustor shall lefl to pAy when due a�pd++cJp�.Int�►est.o�pdnclpal end!r►ferest on the Indebtedness. 1-::`:' .'-='=�
<br /> �!•r dS :_�...
<br /> �b� Any war�anry or daa m�de ay rr�co►nc.s+�snw a� ��nuc. � ,��. s -
<br /> (c) Tiustor shall lail ro observe o�pedo7n ar►Y of tlw cavan:nts,agreements,or condt6ons in th►s Deed o!Trust : _
<br /> ` (d) A ny►e p►e s e r►t a tl o n o r w a n a r N y rrw�de b Y Trustor on t3ny Nnanclal statemenfs a repoRS submltted to BeneNClary by or on behalf o� � - -r�
<br /> Tiustar ahal!pmve Ialse or msKerially rnsle�d�np, _,;
<br /> • (a) Tiusto►sha/!Iall to pe r l orm o�o W e rv a a n y o f M e c o v e n e n t s,c o n d l b o n s o r a g�e e m e n t s c o n f e i n e d I n,o r b i n d i n g u pon Tiusior under ,�.�•
<br /> ` � . �. any bulJding ban agreemer�t,securfry eg�eement,ban agreement,/inancing s►atement,or eny other eyreemenf,insbument o� .,,,,. _ - __
<br /> � � dxument executed b Tnisbr!n connec0on w l�h ma loen ev l den c e d b y t h e N o t e, �� �,�
<br /> ��' , (� A hustee,►eCeiva►o�llqu/deto►of the T►ust Piopvrry o►ol Trustoi shall be appdnted,ar eny of fhe cieditors ol Tiustor shal/lile a �.:.�. � ., :�'-�
<br /> :;r•,�••
<br /> petlGon(n bankiuptcy agelnst Trus[a,o�fa the reorganliatlon ol Tiustor pu►suenf to the Federa!Bankruptcy Code,a eny slmlla► _�
<br /> ' law,whether lederal o►state,end+f such ador or petiNan shall not be discharped a dlsmissed withln thlrty(30)days affer the date �',;` ____
<br /> �•P��, ���� on whlch such ader oi peUtlon was liled. • ' _
<br /> . , • • (p) Tiustor shall Hle e pedtlon pursuan[to the Fede►af Bankruptcy Code a any slmila►law,lederal or state,or N Truator shell be �: ''.' s'!��,—
<br /> ; . . ed�udged a bankrupt o►be declared msdvent,or sheq make sn assignment for the beneHt o/creditors,or shaU admlt!n wn0ing ps '�,;.. ,,;:
<br /> •.•� ;;��, lnabiGry to pay!ts debts as fhey 6ecome due.or shall consent to the appolntment ol a►ece�ver o�all or any part ol the Tiust Property, ',�r,_: ` •
<br /> . � ;,;r (h) Flnel judgment!or the peyment ol money shall be rende►ed agalns[Trustor and Trusto►shall not dischsrge the same,or ceuse ff to �
<br /> � . ... be dlscharged,with/n thirty(30J deys afler[he enfry thereol,or sha/l not appeal the►elrom or from the orde►,deCree or praCess upon k. .
<br /> � whlch o►pursuent to which seld�udgment was granted,besed,or entered.end secure a stey ol execuhon pending such appeal, ., ;
<br /> �"� (1) Trustor shell sell or convey the Trust PropeRy,or any part thereol,or any interest therein,or shall be dirested of its tlde,or any interest
<br /> . � ��;;
<br /> thereln,Jn any manner or way,wheti�er vdunfarily a mvoluntanly,w�thout►he written consenf o/Beneficiary being Brst hud and �„.
<br /> � . . obtalned,or '.
<br /> � ��?"' �) ll Trustoi is a corpoietlon o►perinersh�p end more than hlty percent(50°•n)o!the shares or bene/lciel mte�ests in such co►poreGon or ;
<br /> '"�''` � paRnershlp,ss the case mey be,shall be nansfened o►conveyed,whether vduntanly or involuntenly,without the written consent of �� .
<br /> ..;,,�;' .
<br /> ' � � BeneNcfary 6eing lirst had and obtained. ���
<br /> • 28. Acceleratlon o/Debh Foreclosure.Upon the occurience ol any Event o�Default or any t�me therealter,Benelic�ary may,at its opnon, ,.
<br /> declare all the Indebtedness securad hereby immed�ately due and payab/e antl the same sha�l bear�nterest at the de�ault rate,il any.
<br /> Set foRh!n the Note,o►otherwise at the hrghest rate pe►mitted by lew.and.�r►espechve o!whether 6enel�ciary exercises said opflon,d ,
<br /> � may,ef ItS opGon and in its sole disc�efion,w�thout an y lurthe►notice or demand to or upon Trustor.do one o�more ol the lallowing; �
<br /> , f (a) BeneNc►ary may enter upon,take possession ol, manage and ope►ate the Trust Properry or sny pert thereol;make repelrs and
<br /> . . . _,�__u,.....,....�.r..e,,,,���Wn��n Banehdarv deems Oroper to proteCt the seCUnry thereof,and either wrth or wdhout takmg
<br /> _ � ana.auv�w a...........y..."' -'- - •
<br /> �� possessiort,in its own name,sue lor o�otherw�se co�lect and receive rents,issues and prohts.�nGuv�ng rnose pest aue ano unpa►a.
<br /> and apply lhe same,less costs and expenses o/operahon and coJfect�on,includmg�easoneble attomey lees and Bene/iaary's ,
<br /> ' � costs,upon the Indebtedness secured hereby end�n such order as Benehaary may determine. Upon request o�Beneficiary.Tiustor
<br /> � aha/!assemb/e and shall make eva�fable to Beneficiary any ol the Tiust P�operty which has been removed. The entering apon and
<br /> taking possessfon oi fhe Trust Prope�t y. fhe collectian ol any rents.issues and proflts.and fhe application thereo!as aloresaid,shsJl
<br /> not Cure or welve any delault thereto%re or thereaft�r occurnng,or sNect any rtolice of delt+ult or notice of sele hereundei a
<br /> lnvalidate any act done purc��anf to any such nonce.Notwdhstanding 8eneficiary's continuanco in possess�on or rece�pt and
<br /> � applfcatlon o/rents,lssues or prolits.Benehciery ahall be entiUed to Rxercise every nght provrded tor�n th�s Deed o�Trusf u�by law
<br /> upon or eRer the occunence of an Event o►DeleuR. �ncluding the nght to exercrse the power ol sale.Any ol the achons relerred to in
<br /> thls paragraph may be taken by Beneliciary et sucA hme as Benel�ciary may determ�ne wrthout regard ro the adequacy ol any
<br /> security lor the Indebtedness secured hereby.
<br /> (b) BeneBc(ary shall,without regard fo the adequacy ol any secunty lor the fidebtedness secured hereby,be enbNed to the
<br /> Pperry and ope�a the same and co%hectrMe rents,Cissues and prohtts fherefro�ssession o%protect,and manage the Trust
<br /> � (c) Benefic�ary may bring any actron rn any couR o/competent jur�sd�chon fo lo�eclose th�s Deed ol Trust or enforce any ot fhe
<br /> , t � covenants he�aol
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