|
. �.. � "• 4 �f>iy. ,t�r; . '` :_ , r' "w7�(�'t_�.---..
<br /> �� ,:�� �f, "� 5' y ,F'� 1 .*L '
<br /> �:i. r � ;,s,,;�Y�'!f:?_
<br /> { 't� � .�/�.... -;-�i.�_--__" _ _..
<br /> 1 -
<br /> �f.M_.4N...'. , � --
<br /> /. �c _
<br /> '' � � • ���l�;�(_'4n/I. . _.
<br /> -�f y
<br /> ' . �.JJ�M+A•�i W�: .. �..tr�' L:.�-
<br /> _ - r ' • ..'..r_'_.... .� . "'_ - , ..j�_�...- _
<br /> _ -- �� s..�e ������ �A1rrw-+' ��.�"_
<br /> � �° , � 92-- 102 2�a _---
<br /> , ����.. . :�.. . �.b:
<br /> �_..,.. :a.�:; ,� —
<br /> � „�.�,
<br /> '•c� ^�,.,;i,c.,�::,�tri,
<br /> '�;; . . . _„�;,;.,,,,_:,, th�Prop�ry I�so aken or d�maped,Lender�hdl h�va the option,In Ils�olo and obsolute dlsc►etlon,to apply all auch PrxMd�, _ _
<br /> � g7-:._. �ft�►d�ductlnp lh�rdrom alf co�ta�nd eraena�Mcurred by It in oonn�ation wlth wch Proceode,upon any Indebtednes�waurad
<br /> , h�r�by and In�uoh order a�Londer mey dotermine,or to apply all�uch ProceedE,aRer such deductfons,b fhe nNoraUon ol tho
<br /> �� �����n•:,}:�� -' Properry upon�uch eondlNpn�as Lender may determine.Any appllcatlon of Proceods to Indebtedneaf shall not extand or postpone
<br /> - � '�,� � Iho du�d�t�ol�ny p�ymonu und�r tho Nota,or cure eny del�ult tharaunder or h�reundar.Any uneppliad lunds�hall W pald to
<br /> r�1�. ,��;�,�,tb; Tru�ta.
<br /> "°'• 8, P��lorm�ne�by L�nd�r.Upon the occurrence ol en Event of Delault hereunder,or II any act f�taken or lepal proceodlnp
<br /> '• . . .,�.
<br /> - •��'��°•��•�-{ ' • - commenced which materla�lly aHects Lander'�intereat In the Properry.Lender may in its own diecretlon,but without oblfpatton to do
<br /> � „ . ��_��} • w,and wllhoul�otfce to or demend upon Trusto►and wlthout rdleasinp Trustor Irom any oblipatfon,do any ecl which Trustor has �� -l_ �----
<br /> . , , apr�d but fail�to do and may atao do any oMer act it deeme necessary to protect the eeaurity hereol.Truetar shell,fmmedlately _
<br /> ' . � upon demand therefar by Lender,pay to Lender ell coete and expenees incurred and aums e�pended by Lender in connection wfth
<br /> ��'.��� - � th�eKerclae by Lender ol the fore�oing riphte,topether wlih intereat thereon at the delault rate provided In the Note.whfch shell bp
<br /> edded to Ihe indebtedness lecured hereby.Lender shell not fncur any IIablHty because of anythfnp it may do or omft to do
<br />�.:�� � . � hqrounder.
<br /> �' �''y ` ''" 9. H�eardou�M�tHl�l�.Truslor ahall keep the Property In compllance wllh all applfcable lawe,ardinancea and regulatlone
<br /> � ' � � � �' � relatlnp to fndustrlel hyqlene or env�ronmemal protectlon�collectfvely relerred to hereln as"Envfronmental Lawe").Truetor aheU �_� _
<br /> � ' -',�. keep Ihe?roperty Iree Irom ail aub�lancea deemed to te hazardous ur toxic under any Env�ronmental Lewa(collectively referred to
<br /> . }s r, hereln as"Haze�dous Meterlals").Trustor hereby warrants and representa to Lender that there are no Hezardoue Materials on a
<br />� � �:;� �-�� under the Properlyr.Trusto�hereby a�reea to�ndemnity and ho�d harmleas Lender.Its directors,oHicers,employees and agants,and
<br /> `��r`•`•�`� any succeasors to Lender's Interest,irnrr�and agalnst any and alt clafma,dameges.losses and Iiabflitiea arieing fn connection with
<br /> ,�sr��:•� .,- the presence,uae,dieposal or transport of any Hazardous Mate�fals on,under,Irom or about the Property.THE FORE(301Na
<br /> ` � � WARRANTIE$AND REPRESENTATIONS,AND TRUSTOR'S OBLI(3ATION3 PURSUANT TO THE FUREQQIN(i INOEMNITY,3HALL
<br /> • SUNYIVE RFCONVEYANCE OF THIS�EED OF TRU3T. rovided that Trustor
<br /> " 10. A�slpnm�nt of R�nb.Trustor hereby assigns to Lender the rents,issues and prohts ol the Property;p �_ -
<br /> ,, „ , ehall,u�til ihe occurrence olen Event of De!aull hereundar,have the right�o collect and retain auch renta,iasues and prulits as they _,�
<br /> become due end payable.Upon the occurrence ot an Event o(Qefault.Lender may,either In person or by egent,with or wlthout .m,,,�
<br /> bringing any actlon or proceedinfl,or by a receiver appointed by a court nnd without regard to tiie edequacy of Its sacurity,enter �.
<br /> � upon end take poasesslon ol the Property,or any part thereof,m its own name or in ihe name of ihe Trustea,and do any acts which It _ _
<br /> � deema necosaan/or de5irable to preserve ihe value,marketability or renlebilSty ol the PropArty,or any part thereol or interest therein, __
<br /> fncreese the fncome lherefrom or protect the securiry horeof and,wilh or,�vithout taking possesslon of the Property,sue lor or __
<br /> • otherwise collect Ihe rents,issues and protits thereof,includmg lhose past due and unpa�d,and apply the same,less co8ta and G--�-°
<br /> �� ,�. • expenses of operatlon and collection�ncluding attorneys'fees,upon any indebtedness secured hereby,all In auch order es Lendtlr
<br /> ..�;�.__ •• maV determine.The enterfng upon and:aking possession of the Property,the collection of such rente,Issues and protils and the =_____
<br /> Y applicat�on thereol as abresaid. shall not cure or waive any detault or notice uf Jtlt�ult horeundcr or invalfdate sny act done in �--i—.__
<br /> � ' response to auch defaull or pursuant to sach nMice ol default and,notwdhstanding the coMinuance in possession o11he Property or _—
<br /> the coltection,receipt�nd appl�catfon of rents,issues or qrolits,and Trustee end Lander shall be entitlAd to exercl8e every rlghf __
<br /> _ -- prortdsd tor i�s eny o!the Lea�!�strnrrenta or oy law upon occurrence of any Event of Default,fncluding v►Ithout Ilmitatlon lhe rigM ���
<br /> " to ex3rciae the power o1 sale.Further,Lender'a rights and remedlea under this paragraph ahall be c�mulanve w�1��,and io nu rvdy d �;��;�_-
<br /> I�mitalfon on.Lender's rlghts and remed�es under any asaignment of leases and renta recorded agamst the Property.Lender,Truetee ��,,,,m_.
<br /> ' and 1he reoelver shall be liable to account only fqr those rents actually received.
<br /> 11. EveMt ot Oolault.The lollowing ahal;c�nstitute an Event ot De(ault under thia Deed ot Trust: _____
<br /> � � (ay Failure to pay any installment ol principal or intereat of any other sum secured hereby when duo;
<br /> (b) A breach ol or de(ault under pny provision contained in the Note,this Deed ot frust,any o1 the Laan Instruments,or any _
<br /> ,. other lien or encumb�anco upon the Property;
<br /> '� (c) A wrlt of execution or attachment or ar�y aimilar process shall be entered aga�nst Trustor whiah ahall become a lien on
<br /> Ihe Property or any portlon thereof or mterest therein, �
<br /> � (d) There Shall be liled by or against Trustor or Borrower an acuon unde� any present or tulure lederal,state o� other
<br /> statule,law or regulation relaling to bankruptcy,insolvency or other rehef for debtors;or there shBN be appointed any trustee. �C*:-.=,,_---
<br /> • ' , recel�er or Uqufdabr ot Trustor or Borrower or ol all or any part ol tha Property,o-the rente,iasues or profits theraof.or Trustor _ --
<br /> ,� ry n _ _ or Borrower ehall meke any general ase�gnment tor the be�eht ol creditors;
<br /> � (e) The sale,tranaler,lease,assignment,conveyance or lurlher encumbrance of all or any part of or any intereat in the
<br /> ��' . . . Property,efther volunlarlly or involuntarily, w�thout the express wnnan consent ot Lender, provided that Trustor shall be
<br /> �!�'��'�'� permiried to exeC�te a IeASe of the Property that doe�not Contaln an optlon to purchase and the term ol which does not exceed ., .^
<br /> ,,.,, . --
<br /> � .. .. Ofl6 y@8f; �* r a._
<br /> �;,: (Q Abandonment of the Property:or �� -`'�:
<br /> (p) II T►uator Is not an fndmduai.the�esuance.sale,trnnsfer,assiflnment,conveyanoa or encwnbrance of more than a total
<br /> ,';: I` of perce�it ol pf a corporation)�ts�ssuad and outstandmg stock or I�t a purtnership)a total of — _percent of '�••�•_-�-' _,___
<br /> .,1 partnership Interesls during the penod th�s Deed ol Trust remams a lien on tne P�operty • ,
<br /> � �• 12. Rem�dl�r,ACCN�qtlon Upon DNaull.In the evant of any Event of Default Londer mey,wdhout notice except as required by Y +
<br /> law,declare all indebtedness secured hereby to be due and payablo and the same shall Ihereupon becorno due and payable
<br /> �`• without eny presentment, demand,protest or notir,e of any k�nd.Thereaft�r Lender may'
<br /> �., (a) Demand that Trustee exerclso the POWER OF SALE granted herem, and Truatee shall therealter cause Trustor's
<br /> Interest In the Property tc be sold and the proceeds to be d�stnbuted,all m the manner provided m tho��ebraska Trust Deed9 '�
<br /> �}' � Act; �
<br /> (b) Exercfse any and a:l rfghts provided for fn any of the Loan Inst�umenfa or by law upon occurrence of ary Event ot ,
<br /> Defeu�t;and
<br /> (c) Commence an aCtlon to(oreclose this Deed of Truat ns a mortgoge,appoint a recerver.or apecdically enforce any ot the ; .
<br /> • Covenants hereof.
<br /> • No remedy herein Conlerred upon or reserved to Trustee or L��nder�s inlended to ba exclusrve of uny utner remedy herein.�n the ,
<br /> Loen Inetruments or by law prov�dod ar permitted,but eacn she11 be cum�dnUve.shall be m ndd�UOn�c every other remedy gwen
<br /> . herQUr.der,fn the Loon Instrument9 or now or hereafter�x�stmg c,��aw or m equity or by statute.and moy be exercleed concurrently,
<br /> Independently or succeasively
<br /> , 13. TrWtae.Thn Trustee may resign at any t�me without cause.and LPnder�nay at any t�r�ie and wdho�t cauae appoint a
<br /> Successor or substitute Trustee.Trustee shall not be I�able to any party.��cl�idmy wdhout lim�tetion Lender,Dorrowar,�rustor or any ,
<br /> R�.+ purChaser ol the Property,lor any loss or dnmage unless dua to recKless or w�llful m�sconduct.and shall not be required to take any
<br /> action In connection with Ihe enlorcemenl of th�s Deed of T�ust unless mdemmlied.in wntmg, for all costs, compensation or
<br /> expenses whlch may be associated therewith.In addll�o��.Trustee may bPcome a purchaser at any sele of the Property Uudicial or
<br /> ..:.�e�il tiv IoW-AI QOII��1P
<br /> under the power ot sale granted herem►; po9tpone me sa�e oi an or any po�i�u��ui ii�e �r�pa��i.:.�;.:�.•---- -, -•-• - -- .
<br /> • Proparty as a whole,o��n separate parcels or lots at 7rustee's discretion.
<br /> 14. Fe��and Expans��.�n ihe event Trustee sells the Property by exerc;ise of power ol sale.Trustee shall be entHled to apply
<br /> ' any sale proceeds lirst to payment of all costs and expenses o1 exercis�ng power of sale,includ�ng a�1 Truste�'s fees,and Lender'S
<br /> and Tru9tee's ettorney'sfees,eCtually inCUrred to extent perm�tted by applicable law In th�event Borrower or Trustor exercises a�y
<br /> rlght provided by law to cure an Event of Delault.Lender shall be entdlod to recover rrom'i rustor all costs and expenses aCtually
<br /> fncurred as a result of Trustor's default including w�thout I�m�tat�on al� 7rustee's and attorney's lees.to the extent permitted by
<br /> appllCable 18w.
<br /> 15. Fuluf� AdvAncYS.Upon request o�Borrower,Lender may.at its opt�on, meke addrtional and �uture advences and re-
<br /> edvenCes to Borrower.Such advances end reedvantes,with mterest thereon,sltall be secured by this Deed ol Tru9t.At no time shell
<br /> the pnnclpal amount ol Ihe mdebtedneas secured by th�s Deed of Trust,not���s advanr.ed to protect the secunty o1 th�s
<br /> Deed of Trust,exceed the orfginel princlpal amount stated herein,or$_ __._----.whicnever�s greater
<br /> . i
<br /> , +
<br /> • . ' _ � - -
<br />
|