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<br /> -- thr prop�Ay 1�w ykm or damap�d,l.�nd�r shdl h�v�th�option,I�Ia wl�and abalut�dl�ondon,to apply al wch PrAONd�,
<br /> — — alar d�OuoUnp th�rdrom�II ao�b�nd exp�nsa Incurred by It In aonn�atlon with suoh Procs�d�,upon any Ind�bt�dnMS Mcur�4
<br /> �-- �y-� he�by�nd In�ucb ord�r u Und�r rtu�y datermfn�,or to�pply NI�uch ProcNd�,aR�r�uoh d�ducUons,to th��Wtor�dpn ot dM
<br /> •�;s"""°�`;�� PropsAy upon such condFtlon�aa l.ender m�y det�rmine.Any eppllcaQon ol Proce�d�to ind�bt�dn�sf shdl not exbnd or poilporw
<br /> �-�=-' . tha dw dat�ol�ny paymonts und�r tho Nota,or cun any del�ult th�nundsr or honund�r.My un�ppll�d lunds�h�l►b�pdd o0
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<br /> � 8.P��1orm�ac�by L�nd�r.Upon tho ocaurrence o4 an Event of Default hereunder,o�ii eny act Is taken or Ipal procwdlnp
<br /> ' commenced which mat�rlelly sHects Lender's intaresl i�the Proparty,Lender mey in la own di�c�eUon,but wlthout oblip�ticm to do
<br /> ,�•�^ a . � ",�*, • w,and wid+out noQce to or dom�nd upon Truator and without ruleaainp Tru�tor Irom eny obll��tion,do any ac!which TrusWr hlu
<br /> -• �.��°�� ,., epreed but falls to do and mey alw do any other aat It deems necessary to protect the securly hereof.T►utlor�h�ll,immtMlably
<br /> V��w� . upon demand therefor by Lender,pay to Lender ell coats and expenaea incurred end aums expended by Londar in connacti0n wilh
<br /> ���„�;,��. the exerciee by Lende►ot the lorepoinp rlghts,toyether with intereat therean at the delault rate providad in the Noto,whlah sholl bn
<br /> ;�•��_r���.y ° added to the Indebtedneos securod heraby. Lender shall not Incur any Ilabiliry because ot anythinp It ma/do or omit to do
<br /> -- ,rn�::�--.::,s�,:�. hereundar. Q ,-_
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<br /> � 9.Hau►dou�M�h►Uls.Truator ehall keep the Property►in camplfence with all appliceble laws,o►dinances and rogula ana
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<br /> „.a_.,... ,.� , . relatinp to Industrlal hy�iene or environmental protection(collecllvely referred to herein as"Envlronmental Lews").Trustor shYA
<br /> r'" �'��; �• >> � keep the?roperty free Irom s11 subatencee deemed to be hazardoua or toxic under any Envtronmental Lews(colla,uvely referred to �__
<br /> a d�f:�°-�i�j ;;• herefn as"Hezardoue Meteriala"1.Truator hereby warrents and represe�ts to Lender that there are no Hazardous Meterlali q�or
<br /> � "•�`'�'`µ='�h`�����r�i�����`� under the Property.T�ustor hereby ap�ees to Indemniry and hold harmlesa Lender,its direcrors,ofticers,employees and apante,and
<br /> � �•`��.,�.�•n��:'�" any succeasors to Lender's fnterest,lrom and againat eny e�d ai�cla�ms,damages,loeses and ifabflitles arlslnp In connecGort witb _ __
<br /> ' '`' ' • '-' the presence,use,disposel or transpon ol any Ha=ardous Mate�iats on,under,irom or about the Properly.THE FOREGOINCi
<br /> ':��`-"�':';:''`''•�` WARRANTIE3 AND REPRE3ENTATIONS.>ND TRUSTOR'3 OBLIOAI'IONS PUASUANT TO THE FUHE(iOIN01NDEMNITY,SHALL
<br /> _r.���.,,t��;;��.•, y, �„ •° SURVIVE RECONVEYANCE OF THIS DEED OF TRUST. p �. _
<br /> --_ �Y•, + •• ° 10. AulpnnNnt ol R�nb.Trustor hereby assigns to Lender ihe renta,iasues And protlla ot ihe Pro e provfded that Trustor
<br /> ,., •� " '"��;���5:� `, shall,untll lhe occurrence ol an Event of Oetault hereunder,have the rlght to collect and retain s�:ch rents,isaues end prulits as they
<br /> �;,.��I/I .� n ��,` become due and peyable.Upon the occunence ot an Event of Detault.Lender may.either in person o►by ayent,with or wlthout �_L_
<br /> `�• ,^;��: , brMging any acpon or proceedinp,or by a receiver appolnted b a court and wlthAUt regard to u+e adequacy of ila securfty,enter
<br /> �"..�. upon end take possession of Ihe Property,or any pah i hereo f,In i ts ow n n a m e or�n the nama of the Tnistee,and do any act9 which it �°�"
<br /> --— • � . deems necosse►y or deairable lo preserve the value,marketebility or rentabllity of the Property,or any part Iherool or Interest thereln,
<br /> - � InGreese the InCOme therefrom or proteCt the security hareof and.w11h or�uithout teking poesesslon of lhe Property,8ua for or
<br /> ;'r= otherwlse collect the renta,isaues and Frobta thereot, mclu��nfl thoae past due and unpaid,and apply thc samc,less coats and
<br />'':,_�_ „ . expenses of operation and collactioo Including attomeys'lees,upon any Indebtedness seaured hereby,ell In such order as Le++der __.
<br /> • • mey determine.The entering upon and:aking possesaion of the Property,the collectlan ol auch renle,isauea and protit9 and'he �
<br /> applfcetion thereol as aforesald,shall not cure or waive any detault or rtotice ol detault hereunder or invelldete nny act done 1n �.
<br /> � „ � res onse to such default ar pursuant to svch nntice ot delault and,notwfthalandfng the contfnuance in posseaslon of the PropeAy or =
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<br /> --— tt�e coiiecii�n,r��alpt and appl fcat f a n o t r e n l s,fssuas o!protlfa,and Truatee and Lander shall be entitlAd to exerase every rlpht _
<br /> provfded lor In any of the Loan Instrunents or by lew upon occurrence of any Event of Default,includlnp K�Ilhout um�tauon tde nqnt
<br /> � • to ex�cise the power of sele.Further,Lender's rlghta and remed�a&under this paragraph shall be cumulative wllh,and in no way e �_
<br /> 1lmitalfon on,Lender'8 righte and remedies under any asslgnment ol leases and rents racorded aga�nst Ihe Property Lender,Truate9
<br /> ` � � ' and the recelver shall be liable to acCOUnt only for those rents actually rece�ved. __
<br /> • " 11. Ev�Ms ol DNault.The tollowing ehelf c�nstitule en Event of Detault under Ihfs Deed ot T�usr. _
<br /> • (a) Faflure to pay any mstallment of princ�pal or interest of any other sum secured hereby when dve: �-._
<br /> " � (o) A breach of w default under any p�ovis�on contained 1n the Note,thls Deed ot frust,any ol the Losn Instrumanta,or any �-
<br />- � � ����:'��'� ��•�'�����;� olher Ilen ar encumbrance upon the Property: �'
<br /> 4 (c) A wril ol ezecution or attachment or any s�mdar process shall be entered aga�nst Trusror wh�Ch Shall beCOme a��en on
<br /> •:,:��;,�� the Property or any po�tion thereot or mterest lherem; —
<br /> � � �. (d) There shall be Illed by or ageinst Trustor or Borrower an action under nny presAnt or luture tederAl,state or ollinr �_
<br /> atatule,law or regulation relating ta bankruptcy,insolvency or other rellef for debtors:or there shell be appointed any Iruatee.
<br /> ' recefver or Ifquidetor of Trustor or Borrower or ot all or any part of the Property,o-the rents,issues or p►ot►ts thereot.or Truator ---
<br /> � :``�; or 8otrower ahall make any general assignment lor the benetit o1 creditors; �,,, .
<br /> (e) The sale,transter,lease.assignment, Conveyance or fuAher encumbrance of ell ar any pert of or any fnterest in the
<br /> - �� �� Property.elther volunlarlly oi involuMardy, without the express Nnpen consent of lender, prov�ded thet Trustor snall be �
<br />= permitted to exec�te a leose of the Properly tha�does not contam an opUOn lo pu►chase and Ihe term of whlch do�not exceed
<br /> " � ' •• ' one year, t
<br /> � ' ., ,,n _ (� Abandonment ol the Property;or ___
<br /> .. (p) If Trustor la not an Indivfdua�,the 19suance.sale,transter,ass�gnment,convey�nce or encumbrance ol more than e total _
<br /> " �� perce�it ot(II a corporation)its insued and out&tanding stock or�il e partnership)a total ol percent of —1�..
<br /> . ' " • � partnership Interests during the perlod this Deed of Trust remains a Ilen on the Property. �
<br /> , t2. R�m�dNr.AccN�rallon Upon DNaulf.In the event ol any Event of Oetault Lender may,w�thout not�ce except ea requ�red by
<br /> ' law,declare all Indebtedneas secured hereby to be due and payab�o and ihe same shall thereupon becomo due and payable _
<br />: '; .�• wlthout any presentment,demand,protest or notice ot any k�nd.Thereafter Lender may:
<br /> �� (a) Demand thet Trustee exeraeo the POWER OF SA4E granted herefn.and 7rustee shb�l therealter cause Trustw's �`'
<br />� Interest In the Property tc be sold and the proceede to be d�stnbuled.ell m the manner provlded in th0�Jebraska Trust Deeds ��
<br /> . Act
<br /> (b) Exerclse any and a11 nghts provided br in any ol the Loan Instrumenl8 or by law upon occurrenCe ol ary Event of
<br /> ' ' Defauit'and
<br /> (c) Commence an actlon to foreclose this Deed of Truyt a9 a ma�tgage.appo�nt n receiver.or spec�l�cally entorce any ot 1he
<br /> ;�. Covenants hereof.
<br /> � No remedy hereln conferred upon or reaerved to Trustee or Lender�s�ntended to be exclus�ve ot any other remedy here�n,in the ,
<br /> , c,:<� Loan Inatruments or by law provlded or permdted.but ench shaii be cumulative.shall be m addit►on tc every other remedy grven �
<br /> � '' hereunder,in the Loan InatrumeMa o�now or hereafter ex�st�ng at iaw or�n equ�ty or by statute,and may be exerc�sed conCUrrenUy, k
<br /> .. IndepAntlently or sucaesaively.
<br /> ' 13. Trust��.The Truatee may resign at any t�me wrthout cause, and lPnder may at any t�r�ie and w�tho�t cau:,e appomt a
<br /> ' succe8sor or substftule Trustee.Truslee shnll not be liable to any party,includ�ng without I�mital�on l.ender.Dorrowar,�rustor or eny
<br /> • purchaser of the Property.(or any loss or domage uNess duo to reckless or wlllul m�sconduct,and shall not be requued to lake any
<br /> e����n �n�ennoctlon wilh the entorcement of th�s Deed of T�ust unless�ndemrnlied. �n wnting,lor all costs, compen9atfon or
<br /> •� . expenses which mey be assoaated therewith.In addiUOn.Trustee may become n purcnasvr ai any saie oi intl r'-ruNe�ir�����ia�o� :
<br /> � under the power ol sale gran►ed herein),postpone the snle of n11 0� any poruon ot the Property.as prov�ded by law,or se�i the
<br /> • ' PrOpe►ty 88 a whole,o�m separate perCels Or lats at Tr�stee'S diBCret�on.
<br /> 14. FNt and Exp�n��t.In the event Trustee sells the Properry by exercise ot power of sele.Tru�tee shall be entftled to apply
<br /> ., any sale proceeda Ilrst to paymont of all costs and expenses of exerasmg pawer ol sele,mclud�ng a�t Truste.i s lees,nnd lender's
<br /> ? and Trustee's atlorney's lees.actually�ncurred to extent Farmitled by appliC�ble taw.In the event Burrower or Trustor exercise3 eny
<br /> � rlght provlded by law to cure an Eve��t ol Defeuit.Lender sltall be entitlod lo recover trom i rus►or all costs end expenses actuelly
<br /> inCUrred as a result oi Trustor's defeult,inCludiny w�th0ut limitetfOn all Tru9tee's end attorney's fees. to the extent permltled by
<br /> appllcable law.
<br /> 15. �utur�Adranc�t. Upon request ot Borrower.Lende►may,at �ts option,make add�fional bnd future advences and re•
<br /> advanCe9 to Borrower.SuCh advences end readvanCes.with mtereat thereon,9he11 bu se�wrJ by th�s Deed o�Trust.At no time sh811
<br /> the pri�cipal amount o1 the mdebledness secured by th�5 Deed ol Trust.n t ir�cludm�g sums advanced to protect the secunry ol th�s
<br /> � Ooed ol Trus�exceed the orlyfnal prtncipal amount atated herein,or$���?�—�? --..wh�ch��ver �s greater
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