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<br /> � . "'"� ^�`',.;°" ths Prop�rt�r I��o takwn or d�m�p�d,L�nd�r�h�ll h�v�Ih�opt�on.In II�wl��nd ab�olul�dl�cntlon,a�ppiy��11�uch ProcMd�. _
<br /> '��� ���+���:,F� .� •-^ Nt�r d�duopnp th�rNrom all eoaq aM��p�nws�nau�r�d br Il ln conn�otlon wllh aoh Proc�d�,upon Mny Ind�btrdn�w Nound -�---
<br /> •�� ' . ° ,, .� ° h�nby�nd In aoh orda�a Lmd�r m�y d�f�rmins,or to apply all iuoh PronNds.�fl�r wch d�duoham,lo ths n�tondon ol th�
<br /> � ��� • � ' �� P/Op�11y up01�IIUCh COridlllOtt���L�nd�r m�y detarm�n�.Any�ppllctllon ol ProcNd�lo md�bl�dnpu�hall not�xbnd or poftpon�
<br /> , ., " � th�du�d�a ol�ny p�ym�nt�und�r Ih�Not�,or our�any d�bull lhsr�und�r or h�nund�r.Any un�ppllW lund��hall b�pald to
<br /> " TruWor. __-
<br /> �� ' • • B. PNforn�no��y L�nde.Upon the 000urrenae ol�n Evant o10ol�ull h�round�r,or II any ant I�t�ken or Ipd prACS�dlnO =---
<br /> � " oommencsd whlch maWrlNly�H�cta Lander'�fnterest In Iha Property,Lendar m�y in Ila own dl�cretion,but wilhouf obUfl�Uon to dv �^--
<br /> ' � - • � so,and wlthoul notic�to or d�m�nd upon Tru�tor and wllhout rslea�lnp Tru�tor Irom any obupaqon,do eny aot wh�ah Truotor has �--� --°� -� -,=�
<br /> i • ' F� ' , . spnsd but lall�to do And msy al�o do any othsr aot It d�ems necesaery to proteat Ihe�ecurity hereol.T�u�tor shall,!mn►�dl�qly __
<br /> '�� upon demend th�reior by Lender,psy to Lender all coats and expenwa Ineurred and eum�expended by Lender M conn�aUon with P,_
<br />� � . ,� the�xarclae by Lender o1 the lorepolnp riphh,topelher wlt h intereat t hereon a!t he delault rete provided In the Note,whlch�holl be '����.
<br /> cured herob .Lender shNl not inCUr eny Ileblllty beceuse of onylhlnp It may do or omlt to do �_1 , .'�'T���.'•�_.�
<br /> . . .. - e d d e d t o t h e f n d e b t a d n a t� �e y
<br /> h�raunder. -�7��a:-°
<br /> � 9. Muudou�MN�dds.T�uetor ahell keep the Property In compllence wfth all applicable lawe,ordlnancea and repulatfons �i"--�- --
<br /> ��-,.,,�::.--_,
<br /> 'I � reletlnp to indu4trlal hyylene or envkonmentel protaction(colleclively relerred to hereln as"Environmentel Lewe").TruOtor ehell ___ - - _-______-
<br /> � `• keep the Property free from all substences deemed to be hazardoua or toxfc under any Envlronmentel Laws(colleclivaly referred to -
<br /> herein ae"Hezerdoue Mate�lals'�.Trustor hereby warrants and�epreaents to Lerder thal there are no Hezardous Melerfals on or
<br /> � ' under the Property.Truetor hereby ayree�to Indernnity and hotd harmless Lender,Its directoro,otticers,employeea and apents,end ��-��
<br /> ' "` eny eucoee�o�e to Lender's interest trom and a�ainst any and all ctaims,damapes,loases�nd I�abihties artelnp In conneuifon wlth �^-�Y��y-�-
<br /> the preaence,use,disposel o►tran9port of any Hezardous Materials on, under, Irom or about ihe Properry.THE FORE(iOINa �'��^� '•°�:
<br /> � ^ �• WARRANTIEB AND REPRESENTATIONS,AND TRUSTOR'S 08UGATIONB PUHSUANT TO THE FORECi01�la INt�EMNITY,SHAIL "`==�"�`-�'�"'_
<br /> SURVIVE RECONVEYANCE OF THIS OEED OF TRUST. a ' �' '�
<br /> � 10. Asflqnm�et of R�nb.Trustor hereby esslgns to Lender the rents,l�sues and proNts ol tfie Property;provlded that Trustor ��-���°°__-, _
<br /> �:.�t . � ahall,uMl4lhe occurrenCe of an Event o1 Default hereunder,have the ri ht to collect and retain such reMS,Isaues aod proflts as they �•"• ���'� '`,���
<br /> �i;:• �• ;�,:, •� become due and payable.Upon the occurrence ol an Event ol Defa 9 Lender may,either In peraon or by ayent,with or wlthout '��}',�,`_::'''�w�`��'''`�
<br /> �...
<br /> bringing any actlon or proceedfng,or by a receiver Ap�omted by a court and wlthaut rogard io t�e adequacy of its aecurlty,enter . ' , .��•'r
<br /> � �, ,�`{,�r ' � ;;• ;. . _. ��--------
<br /> �.,,.,,_�..1 . upon and take poaseasion o1 the Property,or any parl thereot,In ita own name or in the namp of the Truatee,artd do any acts which It ,��;�S,t�;��
<br /> deems necesse or deairable ta pre�erve the value,marketablllty ot remabillty of the Properly,or any part thereof or intereat thereln, �;;,�;/;�•••�'.,r V:°°����
<br /> `, .i.,f.,f.. , ' fY "'r�� �'
<br /> :��. Increase the Income therefrom or protect the secu►ity horeof and,w11h or wlthout laking posseaslon ol the Property,sue tor or ��;�x.'�•1;{1�,�`��,;:__^
<br /> ��•���?•�' • otherwise collect the rents, iasues and prolits thereol, Including Ihose past due and unpald,and apply tha seme,leat coata and ,:_i,,�.�;, ����
<br /> - 4F -a;,;�.�_
<br /> . ' , . expenses of operatlon and collection including attomey�'lees,upon any indebtedneas aecured heraby,all In such order aa Lende� "`•'•-, �'.�t�`•°: _
<br /> ��� mey determine.The entering upon end taking poesesaion ot Ihe Property,the collectfon oi such rents,Isauea and protlts and the yjt�
<br /> � ; -��"�:�;' � . eppNcatlon thereof as aforeaeid,ahall not cure or waive any delault or nodce of defeuk hereunder or invalidate any act done In ��,��`;�.�;��
<br /> .:n '�"��`.`.;:: • reaponse to auch default or purauantto auah notice of delault and,notwlthatandlnfl the contMuance in posseselon of the Property or ''�',�����j��'f�:L
<br /> �,, �,.,
<br /> ' ��:�i4 .�•„ � �'' the collectlon,recelpt and applfca110n ol rents,issuea or proGts,and Truatee and Lander shall•be eMltled to exercise every righl +4,��,;,:�;,�«��:
<br /> - �;�•��'��= ���"���- provlded lor in 8ny�t thp�nan Inatruments or by law uoon occurrence o1 any EveM ot Delault,Mcludin wlthout limitatlon the ri M � �r� �'� -
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<br /> . ,.,. to exerclae the power ot aale.Further,Lender's nghts and rernedies undet th)s paragraph ahall be oumulative w1th,anp m no way a S�'r���7����'t�;. —
<br /> � .�:- .. , i;.;'..,,,i
<br /> '�,, :;,, ' �� , Iimllatlon on,Lender's rlghts and remedles under any ass�gnment ot leasea and rents recorded againat the Property.Lender,Truatee •,�,;,;.�;. !�ti
<br /> i,:;"•... '�,:`:1���;�r•,;- 1 �t
<br /> '�,.:.; s� •.,.�,.i.r.,y �,� and the recelver ahall be Bable to account only for those rents ectually recelved. • �'•�`•
<br /> - ���^' ,�,,. t1. Evmb p1 DN�ult.The lollowing shall constltute en Event ol Detault under thia Deed ol Trust 'i•••,�'•`��',.,i„
<br /> •'�:� (a) Failure to pey any Inatellment of princfpel�ar fnterest ot eny other sum secured hereby when due; �� .
<br /> , (b) A breach of or delault under any provislon contafned In the Note,thfs Deed ol Trus�any of the l.oen Instruments,or any ,
<br /> , �� other Ilen or encumbrance upon the Property. -. •�;�_
<br /> (c) A wrlt of exeCUtfon or atlechment or any s�rnllar proce8s shall be entered ayelnst TruBtor whlch shell beCOme a Ifen on ,�
<br /> � the Properly or any po�tlon thereof or intereat there�n: � •��
<br /> (d) There shall be tlled by or against Trustor or Borrower an action under any present or luture fedaral,state or other ! . �-;�__
<br /> atetute,law or�egulatlon relatlnp to bankruptcy. �nsolvency or othar reliel for debtors;or Ihere shell be appolnfed any trustes, -
<br /> recelver or liqufdator ol Trustor or Borrower or of all or any part of the Property.or the rents,�ssues or protits thereol,or Trustor , `�'-�,-
<br /> or Borrower ahall make any general asslgnment for Ihe benel�t ol credqors: � .g't y
<br /> � ' (e) The sele,transter, lease,assignment,conveyance or lurther encumbrance of all or any parl of or any�nleresl fn the i ... .;-_
<br /> • Property, eHher voluntarlly or involuntanly, without the express wntten consent ol Lender; prowded thet Trustor shall be • •1��:�"-_`:
<br /> . permlqed lo execute a lease ot the Property that does not contafn an option to purchase and the term of whlch does not exceed ( •=''�'-w'`=
<br /> one year;
<br /> � (Q AbandonmeM v1 the Property;or �
<br /> (p) 11 Truetor is not an fndivldual,the isauance,sale,transfer,assignment,conveyance or encumbrance of morethan a total ' , •
<br /> of percent of pf a corporation)qs issued and outstanding stock or(d a pertnership)a total of percent of � ' _______-
<br /> � .. . partnershfp fnterests during the period this Deed ol Trust remains a lien on the Property. . `-" °-�' •�
<br /> � 12. RNMdI��;AccN�ratbn Upon ON�ull.In the event of any Event of Delault Lender may,wHhout notice except as required by °�;»�^'
<br /> �� law.declare all Indebtedness secured hereby to be due and payable and the same shall thereupon become due and payable r
<br /> without any presentmenL demand,proteat or notice ot any kind.Thereafter Lender may:
<br /> '! (a) Oemend that Trustee exercfse the POWER OF SALE granted herem,and Trustee shall thereaker cause Trustor's
<br /> � intereet in ihe Property ta be sold and the proceeds to be distributed,all m the manner provided m the NebraBk�Trust DeedB
<br /> AcX
<br /> (b) Exerclse any and ali nghts provlded for�n any of the Loan Instruments or by iaw upon occurrence ol any Event o!
<br /> Default and
<br /> (c) Commence en action toloreclose this Deed ot Trust as a mortgage,appo�nt a recewer,or specd�cally enforce any of the •
<br /> covenants hereof. •
<br /> No remedy herefn conferred upon ar reserved to Trustee or Lender�s�ntonded to be excius�ve o(any other remedy hErem,In the �
<br /> Loen Instruments or by 18w provided or perm�tted.but eaCh shall be cumulative.shnll be in addit�on to every Other remedy gwen
<br /> hereunder,in lhe Loan Instruments ar now on c�►reafter ex�sting at law or m equity or by stntute.and may be exerc�sed conturrently,
<br /> Independently or success�vely.
<br /> 13. T�us1N.The Trustee may res�gn al any ume w�thout cause.and Lender mny at any t�me and wdhout cause appomt a
<br /> SuCCessOr or subst�lule Trustee.TruStee Shall not be I�able to any parry,mCluding wRhout limdet�on Lender,8orrower,Trustor or any
<br /> purchaser of the Properly.for any loss or damage unless due to reckless or willlul misCOnduct.and shall not be reqwred to leke any
<br /> action in connection wilh the enlorcement of th�a Deed of Trust un�ess mdemml�ed.in wnting, lor all costs. CompensaUOn or
<br /> expenses whlch may be assoaated Iherew�ln.In add�Uan.Trustee may become o purchaser at any sale of the Property Qudic�al or
<br /> _. ..��.�...
<br /> � under the powor o1 sele grantea nereinl; pos�pone me saie oi aii or a�y pori�on vi ii�v��vNd�ty.ao p�:,:.�do�. :%r�o':�;���o••.�...
<br /> Property as a whole,or�n separate perceis or iots at Trustee's d�screunn
<br /> 14. FKS and Exp�n��s.ln the evtinl Trustue sells Ihe Pruperty by exerCise of power Of sele.Truslee shell be entitled fo eDP�y
<br /> any sale proceeds lirst to payment ol all costs and expenses ot exeras�ng power ot sale.�nclud�ng all Trustee's lees.and Lender's
<br /> end Trustee's ettOrney's Iees,attually mCUrred t0 extent perrnifted by apphCable law-In•'�e event 8orrower or Trustor exerclses eny
<br /> rlght provlded by law to cure an Event o�Delault,Lender shall bo enldleQ to reCOVer from Trustor all costs and expenses actually
<br /> incurred ae a result of Trustor's defauit. �nclud�ng w�thout I�m�tat�on all 7rustee's and attorney's taes. to the extent permitted by
<br /> � eppl�Ceble law.
<br /> 15. Futur�Advanea. Upon ►epuest ot Borrower.Lender may.at �ts opt�on.make add�t�onnl and future advances and re-
<br /> advances to Borrower.Such advances and readvances.with�nteiest thereon,shall be SeCUred by th�s Oeed ol Trust At nO t�me shall
<br /> Ihe pnnc�pal amount ol the indebtednesa secureo by th�s Deed o�Trust,not mciud�ng s��ms advanced to protect Ihe secunty ot th�s
<br /> D6ed ot Trust,exceed the onfllnal pnnC�pal amount statetl here�n,or$_. _ _.- .wh�chever�s greater
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