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<br /> ----�- - . . . . ` 9��': . 101�34 : � � .. :
<br /> 1ha P�op�ty is so fakm or dsen�pqd.te�da�shall h�ve fhe option.in i!s�ote and al�o�uts 6i�uatlon.�o appy atl wch ProcMd�.
<br /> � afbt deductlny therefronti ali costs aad expenaes incuaed by It In connection wNA Wch Proeeeds,upon any indaE�ednpa�MCUnd
<br /> • .Mnby and ln wch ader a!LsnQer may determine.ot W appiy at!4uch Proceeda,aite�sech daducttons.�LO the rstloration of tAs
<br /> Propscty uponsuc3�conditiona asLender maydetermirt�Anyappltca6on oiProceeds W inde6tednessst�ail natextenda pos�ioes
<br /> — - fAs dua Qate ot any payments under the Note,or cure any Qetault thereander or Aereurtder.Any unappfied funds aha(i bs paid to
<br /> TrwDDF `
<br /> g, p�(or�ne�by�Mid�r.Upon the accurrence oi an Event of Oefau[il�ereunder,ar if any act is teken er te9al proCeedin� ___
<br /> — commenadwhict�matenaityaf(ectsLertder'staterestinthePraAertKLendermaytnitaowndLxret[on.batwithoutob�iyationWdo ; - _ - __ --_-
<br /> - - ao.and wiffiou!noBce W or.den�and upon 7rustor and without roteastng Trustor trom any obttgation.do arry�ct which TruaWr has ��
<br /> — a�reed bed Iaits W do and may aiso do any other act it deems necessarlr to proteet the securiry hereot.Trustor shati.tmmediBtely �,_,:_
<br /> -= upon demand therefor by I.ender,pay to Lenderai!costs and expenses tncurred and sums expended by Cender in coRnection witb �,;�u z��
<br /> - -° theexerclse by Lende�ot thetnregoing rights,togather with interestthereon atthedelau(t rateprovided in theNote,which shali ba• �:r����___
<br /> �.,�-�__.,�----�
<br />_ added to fhe indebtedness secured hereby.lender shall not incur any liabitity�ecause uf anything it may do or omii to do c.y;�i--_
<br />- heret►nder. . : � � �` ' �_
<br /> g Hustdpus�IaNNaN,Trustor shall keeP the Property in cempiiance wiih a1!�appiicabie[aKS,crdinances and regr�tattens �7� _ __
<br /> reiaUng to industrial hygiene or @nvironmentat protection(colleCtivety refened UQ fiereirs as"Ertvsranmer►taf taws"�.Trustor abal! F�;,�r=��_.
<br /> tr �
<br /> �_ -- keep the�ropeAy iree from aiI substances dBemed to be hasardeuS otdoxic undera�y�nvironmeMaf tavrs(c0[(eet►vety refened t0 �' ��_
<br /> herein as"N�iatdous Ma�er�ats'�.Trustor hereb}�wa.'ranis and represents to t�e:+deF that there ara no ita��ci�us Materiats on or . -_
<br /> UndCr?tA�PsPP�rtY•I�cherebyagreestolader.3nijranQfia�dharmtessLender.'itsdirdGCOrs.atf+cer�.em€K��s;andaganta,.and:: �.... `'-
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<br /> �aay sua�essors co Lende�'s i�t�rest:iram and aga�.:�ari�Y and sit ciaims.damages.tosses as14 tiabilFties arising"�conn�etiort w i t h�� � t --
<br /> �I ' .. .��e�_�-
<br /> th�ptesersa�•.u.se;�sposai or barspo:�'nfar�:HazarQous Materlals on,under,from ar at�aut the Propeigr�T�tE��t3RE�6?}NC*r- f ___
<br /> � . WARi�AS�R'i�SANDAEPRESENTC,.T10!�S;'ANOTftUSfQR'SOBUGATIONSPURSUAN'FTQTf�iEFOREGOtNGiR!1C�.'1NCi�'$siAI.L „ !� }t ��a__
<br /> - �" SURVIVE,RECQNifF'ANC�OFTHIS`Q�DBF.TAUST P�a ,_,. -
<br /> � - ;' 10.As�isnmfaf d��tnts.Tn�stor hereby assigns to lsnder the rents,iss�esand O�orts ot ihe Pro rqirfded th�f��� . _
<br /> ` shall,urttiitt�eoccui�e��ofanE+re�tot0etauSthereurtder,havetReright.�����d��^suchrents.issuesandprafitsas,theY . _ _ __
<br />� becoma Qua and payaDl�Upon�e�ct+�rence o1 an Event of peia;it�,i.ene�et malF.e��f;n person or by agenL with ac vr�4Gut • —_—
<br /> •�;v:" brirtg"mgany action or,proceedir��;�r��receiver appointeQby�tovrt�rtA without regar�t"otne adequacy of its sac�fity��iitat. _
<br /> � `' upon�sdtake possession of the Fiopacty.oi any part thereof,in itsawn name ot in the nameof!t►e Trustee,and do any acts whicRss :
<br /> _�* �=:�, -r?' deems necossarrv or desirabte to presewe the vatue,marketabiliry or rentabi(ity of the Property,or any part ihereoi ar interest therem, -
<br /> ' ` '�"<= '�.�� increase the income thereirom or protect the seturity horeof and,with or�vithout taking possession of the Property,sue for ar , ?,�_.
<br /> otherwise collect the rents,issues and Frot'its tbereof,�rtebding lhose past due and unpaid and apply tfte same.tess costs an� _ _ _,___ _ ,��_�--_
<br /> �-��.:°.':��::.: . �`•`
<br /> � :�`:�,.. - expenses of operaGOp a[id coltection irtctuding attorneys'fees,uport any indebtedness secured hereby,ati in such order as Lertder ,
<br /> ;�L;,•,��•L may detetmina The enterfig upon and aking poss�ssion ot the Property,the collection of such renta,issues and profits and the ,�__
<br /> � �-��, application thereot as afaresaid,s°►a:�not cureor waive arty defauit or notice of defauit hereunder or invatidate any act done in • :.�t,--—.
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<br /> � a responsefosuchdefaattorpurs�a:�Et�sachnoticeofdefauttand,norivithstandingthecontinuanceinpossessionoithePropeRyor .. ;.: _!
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<br /> ` '�•�--�= •• the collectlon,rece:�t aa3 ap�lica�c»at rents,dss�es or profits,and Trustee and Laader shatl be entitled to execcise every right :.-r_�,
<br /> A,,`;„,': ; . , �4 ...._-�
<br /> - provided tor in ang of..e Eoan Instrurr�2nts or by 13�upon occurretice of any Eyent ot Oefauit,lnciuding Kithout limitation the right ,i-_w
<br /> �. �`"-"`°. ' 'i�: � to exarcise the power�fsale.Further,Leader's rigftts and remedies under this p�agraph shall be cumulative wittt,and in no waya Fr. :.�_�
<br /> .:.:;,.�_;.::: :�:.. Iimitato�►on,tendePs rights and remedies under any assignment of leases and rents recorQed againstthe Property.Lender,Trustea. ,. �r-;, :�_
<br /> •,,., �
<br /> .`-�'"` • - • . and the ceceiver shail be tiabte to account only tor lhose rents actuaity received. � °�*'s�
<br /> - `� 11. Ev�nts ot OM,u11.The tolfowing shal:constitute an Event oi Defau:t under this Oeed af Trost ,i".:3�
<br /> . (a) Failure to pay any instailment of princiQai ar interest of any other sum secured hereby when due: , • �� ,-�
<br /> • • (u) A breach of or defauit under any provision contained in the Note.this Deed of'frust,aoy ot the Loan Instruments,or any . ��
<br /> other lien or encumbrance upon ths Property; � . .- . - .
<br /> : - (c)A writ of executioa Or attachment or ar�y sir�ilar proGess snall be entered against Trustor whiCh shail6ecome a lien on =
<br /> ' � � the Property or eny poRion thereof or interest therein; � � . .
<br /> (d) There shali be filed by or against Trustor or 8arrowes an action under any present or tuture tederal,state or other _
<br /> statute,law or reguiati0n relating to bankruptcy.insotvency or oiher rehef for debtors;or there shall be appointed any trustee. . -
<br /> � ` � . . recei�er or iiquidator of Trustor or Borrower or oi all or any part of the Property,o�the rents,issues or proCts thereof.or Trustor . .
<br /> � or Borrower shall make any g�neral assignment for the benert ot cred�to�s; • _
<br /> • • (o)The sale,transter,lease,assignment,conveyartce ar further e�c�brance of a11 or any part of os any interest in tha :_ =
<br />. � Prdperty,either votuntarily or involuntari4y, without the ex�ress Nritten aonsent oi Lender, provided that TruStor shall be � .
<br /> ' permitted to exec4te a te3se of the Property that doe�not cor..a-n an opiion t0 purchase and the term of wh;.E�►does rtot�c.eed t, �
<br /> , � - ;c�u
<br /> • , one year, �
<br /> � .�;.r.�:...:--�;:
<br /> ' ' • � (Q Abandonment of the Property;or � `:���'•_::`��'•
<br /> ' • (g) it Trustor is not an in�ividua►,tha�ssua�ce.sa�e.transter,assigr ment Conveyance or encumbrarr:?of mare tt�ao a totat �.. ;�.�,,: v..
<br />' ;ti�,� _. . } ": :- 'r.
<br /> , � ,,r�•
<br /> . '. • of percent of(if a corporation)its issued and outstanding stock or(if a partnarship)a totat of pSrCent of . `;: �„,'_
<br /> � partnership interests during the period this Deed of Trust remains a iien on the Proper.y. -*_�•r:
<br /> '" 12. R�m�dNs:AeeNfntlon Upon ONauit.tn the event of any Event of Oetault Lender may,w;thout rtotice except as required by � .� ..
<br /> � faw,declare a!1 lndebtedness secufed hereby to be duo and payabla and th�sarne shall thereupon becomo due and payabte j'
<br /> ' without any presentment,demand,protest or r.�tr;.e ot any kind.Thereaft�r Le'sler may: �,
<br /> ' � � (a) Oemand that Trustee exercise the pOWER OF SALE granted��'e+n, and Trustee shaU therea(ter cause Trustor's � �
<br /> . , interest in the Property te be sold and the prac�eds to be distributed,au in me manner provided in tho f�ebra9ka Trust Oeeds ;
<br /> Acx _ . . .
<br /> (b) Exercise any and a7i rights provide�!a�in any a1 the Loai}Insr.�.:r�ents ar by taw upon occurrertce o1 any Event of i
<br /> ,' ' Oefauit;and � � '
<br /> '� � ' �c) Comm�r.�an action to}oreclose tn�s psed of Trust as a mo�tga;�,appolnt a receiver,or speC�!�catly eniorce any o!the i
<br /> . � covenants here�:.�� �
<br /> • � � � � No�emedy herein Conterred upon or reSeaed to Trustee or Lender�s�ntendbd to be exCtus�ve ot any G".��a�emedy herel�,in the : ,
<br /> ' Loart tnstruments or by taw proviQe�2�r permitted,but each sha�l be cumulative,shall be in addit►on tc every other remody given � . .
<br /> ' hereulder,In the Loan Instrumer.ts or����nr or he�eatter eMisting at law or in equity or by statute,and may be exe►cised concur��ntly. �
<br />. � � � ' independentiy or sutcessively.
<br /> � • 13.Tru�tM.The Trustee may res�gn a!any time without cause.and L�'?1e�may at any t�ras and wilho�t cau�e appoini a
<br /> • successor Or substltute Trustee.Truatee shal�r•a`be liabte to any pa�ly.�nc:::d'���without iim�tation Lender,Borrowai.Trustor or any
<br /> • � purChaser o1 the Property.tor any tos9 or damayz untess due to reckles8 0�v��;-`ul m�sconduct.and sha11 not be►equired to takeany ;
<br /> . °'.�;:1.' actlon in conneCtion wlth the entorCemeM ot thi9 Deed of Trust untess indemnit�ed,in wnttng,tor all costs,aompen9atinn o� i
<br /> ` � expenses which mey be associated therewith.ln additia»,Trustee may bPcome a purchaser at any sate ot the Property pudic�al or
<br /> ' , � • under the power of sate granted herei�);postpone the sate ot att or any portion of tne Propertyr.as provided by law;or se11 the , �
<br /> - - � ' Praperty as a whote.or in separate parcels o��'s at Trustee's discretion.. • .
<br /> ' 14. FMS and Expfn�y.U the event 1ru5:�setls the Property by exercise of power o1 sate,Trustee shall be entitled to appty
<br /> any sate proceeds�rst to payment of alt costs and eKpenses ot exercising power ot sa1e,including a�l Truste3 s tees.and Lender's . . ,
<br /> and T►ustee's a8orney's fees,actually incuned to extent permitted by apptiCabtelaw.In the event Bo►rower or T►ustor exercises any
<br /> • � Hgh!ptovlded by law to cure an Event ot Qetault.Lender shatl be enNifad to reCOVer trom Yrustor au costs and expens�s actually
<br /> • • � Inaurred as a result bf Trustor's defau�. ineluding witflout t�m�tation all Trustee's�nd attorney's tees.to the exten!permi8ed by
<br /> . , apONcabfe Iaw. - • .
<br /> ,__,___� -���-.--_=.�__ . 15. fulun Advaecp.Upon re4uest of 8orrcwer.Lertder may.at its optton,make additional and future advances artd re- ,
<br /> � advancestoBorrower.Suchadvancesandread4ances,witn�nt9rescthe►eon:sfiatit,esecure�fbylh►sDeadotTruse.Atnat�snesdatt_ . _ . _ __._.��-.-,--
<br /> ••• the pNncipa!amount a}the indebtedness secured by this 0eed ef Trust not includ�ng sums advanced to proteet the securiry of this
<br /> ,� .
<br /> . Oeed of Trust exceed the orlginat principal amount stated herein,or$ 190.000.00_ .whichQVer is greater.
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