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<br /> ��!E ' i 92- 10034'�
<br /> = -�� ' �T-._.= th�P�op�rty H so qk�n or d�mlipad�L�nder�h�ll h�va the optlan,in ib eol�md�bwlute diserdlon,to appty ul wch Proc�sd�.
<br /> _ �fp�rG�ductlnp tfNnhom�II co�q�nd�xpenN�inourr�d by(t.in oonn�adon wlth wch Rroce�d�,upon any Indabadn�a Mound �''"`�^
<br /> _ } ;•':�} huNfy�nd In wch ader n L�nder mwy detarmina,or to apply all woh ProeNds,a(br�uch dsducdom,b th�rN�or�tlon of flN
<br /> . ,� ,�,. ...a. Prop�►ty upon wch condNlan�a���ndqr may detarmi�e,/►ny�ppHo�tlon of P►acMds W Ind�bt�dn�ss�iull not�xbnd a patporN
<br /> �r�`� "�� thv du�dat�ol�ny p�ymenq�undsr tll�Nota,or cur4�ny dRf�ult lh�r�und�r or{��nund�r.Any un�ppll�d lund�shdl b�psW to
<br /> � ` t.Y?�k' - Tru�.
<br /> �~' ` 1. Melorm��e�b�L�ndK.Upon the ocaurrenae ot an,Ewnt ol DNwlt h�rwnd�r,or if any act It ak�n or Ipal p►ocNdinp —
<br /> - = - comirwncod which awtarlatly aftecta Le�der's Intarcat;n thR Property,lender msy in Ite own dlscraUon,but wUhout obllp�tlon to do �---_
<br /> = y'�� ,y;a�':d,� �p,�nd wlthout notla�to ar dam�nd upon T►u�tpr And wilhaut nlw�lnp Trusta from any oblip�don,do any act which Trwtor has
<br /> •::��,*r��,� �prMd but I�il�to do and mpy slRO do ony othar�at It daamf n�c��ry to protect th�eecurily hor�of.Trusror�hall,imm�diaWy
<br /> y; •� ;��, upon d�msnd tha�etor by Lender,pay to Lender�II oo�taAnd axpensea incur�ed a�d suma expentWd by londir In conn�ctlon with -----
<br /> -= y.,+::.� the�x�rcles by Lender of the torepoing�iahta.top�thar with�ntere�t theroon atths dNault�pW providW In tFw Noh,which thall b� !e --
<br /> '�""`��•"�+� "_4� �dd�d to t1w indebtednsw s�aurqcl herqby. Lander shall:npt inaur any IfaWlity b�caua�of anylhlnp it may do or omit to do
<br /> :°;�:�. ;,� ,�`�� .' � twrwnd�►. ----
<br />°*� a .. 9. H�=ardous M11tNr11�M.Truotar ahall keep tha Prope�ty i�compllance with all applicable lewe,ordinencos and r�yuladons
<br /> �-;" ��'=--
<br /> .�.+ • , relatln�to induQiripl hypipna or envtrqnmantfll prqiHOtlan(aollectively relerred to horein a�"Enviranmental Law�"►.Trustor shall --�------
<br /> "�` � , �,u„ ;y�, ,. kaep the Prqperty trep t�pm sll sub�tanRee deem�d ta be hazar d ous or tox lc under an y Envhpnmental Laws(collecdvely reterred to �`�°�'-
<br />=-�_::t� , � hereln as"Hatardoup Mat�rialp'�.TruBtpr haraby wArrants and repreaenb to Lender that there are no Ha=ardous Ma4rfals on or _
<br /> ��;; ^.;' under the Property.Trustpr har�by aprROa ta fndemnlly and hold harmless LentWr,its direcWrs,oHicers,employeea end apant�,and �,,s,',M.
<br /> �R � any�uccesson to Lende�'�InlareYt,lrom And�pamst�ny and all claims,d�mapes,losses and IlabBiUea arbinp In connectlon with �,�,•.,=r�
<br /> --`� '��"� . ,.� the pressnce,uae,dbpo�al or tranaport of any Hezerdous Materiale on,under,Irom or about the Property. THE FOREDOINQ �}�. r.?_..�
<br /> :.;r��' ,.�,.,_n 'c �• WARRANTI�8ANOREPRESENTATIONS,ANDTRUSTOR'SOBLIOATIONSPUR3UANTTOTHEFORE(iO1N01NDEMNITY,BHALL .-•`°=
<br /> - ��+.�"--.-•-�': •. SURVIVE RECONVEIIANCH OF THIS bEEQ OF TRUSt �"'-"""-
<br /> .-�- .. •�:a'�" , � 10.AsslOnm�nt ot R�nts.Trustar hereby pssipna to Lender the rente,l4aues and protita of the Properry;provided thai Trostor =.�_1,r::;-
<br /> °� � , ehall,unUl the occurrence of en Event of Detault hereunder,have the ripht to cdlect end refaln auch rente,isauea and proNte as they _,__-
<br /> .. : �°i ^ "R���� become due and payable.Upon the occurrence ol an Event of Dofault,Lender may,either In peraon or by apent,with or without _�:,��_
<br /> a' �� . brfnpl�p any aCdon or praceedfng,or by a receiver appointed by a court and without regard to the adequacy of its securily,enter
<br /> � ' ' upon end teke pos�eealon of the Property,or any part thereol,in Ita own neme a in the neme of the Trustee,and do any acts which it `�s
<br /> ���Y � deems neceasery a desi►able to preaerve the value,marketebllily or rentabiNiy of the Proparly,or any peA thereof or Intereat Iherein, ;:'t:�=3
<br /> •_r:.::.>
<br /> _�, increaae the income therelrom or protecl ihe security horeof and,with or without tekinp posseasion of the PropeAy,aue for or •.
<br /> otherwise cWlect the renta,issuea and profite thereof,Includinp thosa past due and unpaid,and apply the same,teas co�ts and _'_`�`" ��'
<br /> � � expenaes ol opereUon end collectian includiny attaneye'feea,upon any Indebtednesa secured hereby,all In such order ae Lender p-•-����
<br /> '.. �;:;�` may determine.The entering upon and takin�posoeselon of the Property,the collectbn ot such rents,Issues and prolfts a�d the �
<br /> eppAcatbn thereof ee aforesaid,shall not cure or walve any deiault or notice of dalaull hereunder or invalidate any act done In ��,___,_,1.•
<br /> ;�. � responee to euch default or purauant to such notice of de(ault end,nolwlthstending the coMinuance In poasession ot the Property or �,�.�
<br /> � • �, the collectfon,receipt and applfcation of rente,isaues or proNte,and Trustee and Lender ahall be endtled to exerciee every rlght ._._-
<br /> --— ,� L,� � prorided ivr in any af ihe Loan ln;.truman�t or by!au s�pon occurrence of nny EveM ot pefault,Including without Ilmitatfon Ihe rlpM �=
<br /> •�••`� � to exerclse the power of aele.Fu►iher,Lender'e rights and remedlea under this pa�agraph ahell be cumulaNve with,and In no way a �!`���
<br /> t ' Ifmitation on,Lender's ri�hte and remediea under eny aseignment of leasea and rente recorded apeinat the Property.Lender,Truetee �_.:_
<br /> ':. end the recefver ehell be Ilable to account only for thoae rents acwelly recelved. !r�°_
<br /> ,�"�\' �^r� •:;�-�• - � 11.EvMb of D�ulf.The(ollowing ahall conatftule en Event of Delault under thla Deed of Truet
<br /> .,, t � � (a) Feilure to pey any insteUment ot principal or intereat of any other sum secured hereby when due; ���'="`
<br /> }. ��, (b) A breech of or delault under any provislon contained in the Note,thls Deed of Trust,any of the Loon Instrumento,o►any �_.;�.--
<br /> other Ilen or encumbrance upon the Properiy; ��'`-`-��;�
<br /> r;�x • J (c)A wNt o1 execullon or atlechment or any almilar process ohau be entered apeinet Truator which ah011 bacome a lien on , ,. .;:
<br /> • � the P�opertyr or eny portion Ihereof or interest Iherein: (,
<br /> '�• %t.: � (d) There shell be liled by or ayefnst Truator or 8orrower an actlon undar any present or future lederal,state or other Y .
<br /> • �, ;',;sr.� atelute,law or repulalion relaling to bankruptcy,insolvency or other reliel lor debtors;or there shall be eppolnted eny trustee, �`
<br /> receiver or Ilquidator of Trustor or Borrower or of all or any part of the Property,or Il�e renta,fssuea or prolita iherwf,or Truator L: �=--.
<br /> ' . � or Borrower ahall make any gene�al assfgnment la the benefft of creditas; � '�`�''
<br /> � •� (e)The sele,transler,lease,esalgnment,conveyance or further encumbrance of all or any pert of or any Interest in the �
<br /> � - . Property,either voluntarily or Invaluntarlly, wlihout the express written conaent of lender; provfded that Trustor ahall be . ;_
<br /> _ . ,, permitted to execute o lease ot the Property thet does not conm�n en optfon to purchese and the term ol which doea nd excead �:,.,�,
<br /> � one year, J���' .'�
<br /> " � , (q Abendonment of the Property;or
<br /> �• ���; � � (�) It Tru�tor is not an Indivldual,the IssuanCe,sale,trensler,asslynment,conveyance or encumbranCe ol mwe thari e totel
<br /> ,� of pe►cent of(if a corporation)Its fsaued end outstanding stack or tIf a partnership)a fotal ol percent ol -. •
<br /> � ' paAnerahlp inte►eats during the period thl3 Deed of Trust remafns a Ilen on the Property.
<br /> 12. fiNnMl��;AccN�r�tbn Upon Otlaull In the event of any Event of�elault Lender may,wlthout notice except as required by
<br /> � � � � law,declare all Indebtednesa secured hereby to be due and payable and the same shaU thereupon become due and payable =-.,
<br /> � � .. without any presentment,demend,protest or notfce ol any kind.ThereaNer Le�der may: . '
<br /> `�� (a) Demend thet Truetee exerclse ihe POWER OF SALE grented hereln, and Truatee shall lhereaNer ceuee Trustor'8 ,
<br /> m�'� � `'• interest In the Properry to be sold and the proceeds to be dlatrlbuted,all M!he menner provlded fn the Nebreska Tru�t Oeeds ;�`
<br /> � Ack �
<br /> (b) Exercise eny and all riphta provided lor In any o11he Loan Instruments or by law upon occurrence ot any Event of I
<br /> •' Delaul�and
<br /> (c) Commence an actlon to loreclose this Deed of Trust as a mohgaqe,appoint a rece�ver,or specNlcally entorce any ot 1he �
<br /> covenents hereof. �
<br /> No remedy herein conferred upon or reserved to Trustee or Lender is Intended to be exclusrve of any other remedy hereln,in Ihe �
<br /> , •`• Loen Instrumente or by lew provlded or permitted,but each shell be cumulative,shall be fn addition to every other remedy given
<br /> � hereunder,in the Loan Inslruments or now or hereatter exlsting at law or In equlty or by statute,and mey be exerclsed concu�rently, .
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<br /> - '•�• Independenlly or succesalvely. :
<br /> • �'•'• �: ? 13.TrWiN. The Trustee may resign at eny time without cause. and lender may at any time and w�thoul cause appoi�t a
<br /> ' "'s':;:����'_ succesaor w subatitute Truatee.Truatee ahall not be I�able to any party,Includmg wdhout limitation Lender,Borrower.Trustor or any
<br /> purchaaer ot the P►operty.lor any loss or damage unleas due to reckless or w�llful m�sconduct,and shall nol be required to take any
<br /> � actlon In Connecllon with the en}orcement of this beed ol Trust unless �ndemmNed.in writmg, for all costs,compensatfon�r
<br /> expenees which may be associated therewfth.In addit�on.Trustee may become a purchaser at any sale ol the Property(judicial or
<br /> ^`;����` under the power ot Sele granted herein�:postpone Ihe saie ot ell or any ponion oi me rroperry, as prvv�deni uy inw,vi 50����e
<br /> �'�'� Ptoperty as a whole,or in separate parcals or lots at Trustee's discretion.
<br /> , 14. FNS and E�p�nNS.In the event Trustee sells the Properry by exarcise ol power of sele.Trustee shall be entltled to apply
<br /> any sale proceeda flrst to paymem of all costs and expenses ol exerc�sfng power ol sale.Includ�ng all Trustee's foes,and Lender's
<br /> � ' and Trustea's attorney's fees,actually incurred to extent perm�tted by epplfcable lew.In the event Borrower ot Trustor exercises any
<br /> rlght provlded by law tv cure an Event ol DelBUlt.Lender shall be entitled ta reCOVer Irom Truator all costs and expenaes actually
<br /> ,L ' incurred as a result of Truetor'8 delault,Includlny wilhout limitatfon all Tru�lee's and attorney's fees,to lhe oxtent permftted by
<br /> applicable law.
<br /> 15. Fuluro Advanea. Upon request of Borrower. Lender may, at its opt�on,make add�UOnal and tuture advances and re-
<br /> � advances to Borrower.Such edvances and readvances.w�th f nterest thereon,shall be secured by thfs Deed of Trust.At no 11me shell
<br /> •• the principal amaunt ol the indebtednesa seCUred by th�s Deed of Trust,not mcludmg sums advanced to protect the secunty o1 this
<br /> � Oeed ol Truet,exceed the orfpinal princlpal amount etatsd herem,or$ 40.000,00 wh�chever is preater.
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