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<br /> �'°�``°'�-—`.+• � th�Prop�Ay I��o ukm o►d�nui�od,Lender�hall have tho option,in Ib wle and aboolute dl�cretlon,to apply a0 �uch Proceeds, -•-
<br /> ,_�;,{{��`��,y';'��r ""�``� - slbr d�ductln�thenirom all co�N and expeneea inaurred by It In conneotlon wlth euah Proceeds,upon any Ind�btedn�u waund
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<br /> . ,:• p;.y � .. �h hsnby and In�uch order a�Lend�r mey determine,or to epply ell wch Proceeda,aRer suah deductlon�,to tha re�to►edon o1 the
<br /> ��'f''� � �`�`�•�'"''' '' Proparty upon such condltions ae Lender may determine.Any applicatlon of Proceeds to Inde6tedneas�hell not axtend or po�tpona
<br /> .�:���/�.':�:`;;�'„,•��` 1he due date of any paymants undor Ihe Note,ar cure eny defwult thereunder or hereunder.Any unapplled lunds thall b�pald to
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<br /> ���, .�� 8. P�Honn�ne�br L�nd�r.Upon ihe ocaurrenca oi an Event ol Defeulthereunder,or II any act I�taken or lepel proceadinp
<br /> �,. ~�'`' � , commenced whfch materlally aHecta Lender o Intereet m the Property,Lender may In its own diecretion,brt without obliyaUon to do «- -_ --
<br /> � ��'r�r•��-`�a;�:��������" to,and without notice to or demend upon Trustor and wflhout rnleasing Trustor Irom any obllyatlon,do any act whlch T►ustor hae
<br /> :.:�vr.,.��:�.'..r „ egreed but falls to do and may ebo do eny other aat It deema neceasery to protect lhe securlry hereof.Truetar shall,immediolely
<br /> • •,e � • upon demand therefor by Lender,pay to Lender all coata and expensas fncurred and sums eMpended by Lender In conneetion with
<br /> . ' the exerclae by Lender of the ioregoing righta,togather wlih interest thereon at the detault rate provided in the Note,whlch shall bp
<br /> ° � , edded to the Indebtedness secured hereby. Lender�hall not lnaur any liability beceuse ol anythinp It mey do or omit to do
<br /> �, , �''
<br /> ,, „•� � hereunder.
<br /> . � 'Q� � 8. H�=ardous M�t�riab. Trustar ahall keep tha Property in complfanca wHh all appticabla lews,ordlnances and repulations �s�
<br /> E. ' � ralatiag to induatrlal hygiene or environmental protectlon�collectively referred to hereln as"Envlronmental Laws"1.Tru�tor ahall —
<br /> �I�� � �� .S••��'�`{' keep ih�?roperty Iree/rom s11 aubstences deemed to be hezardaua or ta■�c under any Environmental Laws(colle�tively rafarred to
<br /> herefn es"Hasardous Materials").Trustor heraby warranla and represen►s to I.ender that there are no Hazardous Malerlal8 an or
<br /> under the Proparty.Truator hereby aprees to Indemnily and hald hermless l.ender,its directors,oflicers,employees and egants,and
<br /> t � � � any succesaors to Lender's fnterest,trom and against any and all clafms,damages,losses and liabil�des arlsing In connection wlth -�--
<br /> �:r� �• • � the presence, use,dlspoael or transport ol eny Hazardoua Materials on, under,Irom or about the Properry.THE FOHE(301NG -
<br /> � ;,� .; � WARRANTIES AND REPRESENTATIONS,AND TRUSTOR'8 OBLIQATIONS PURSIIANT TO THE FGRE(i01N0 INDEMNITY,SHALL
<br /> ' �' � 3URVI�E RECONVEY�►NCE OF THIS DEED OF TRUST. ----- - -
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<br /> ,,�, 10. Asolannl�nt of R�Ms.Trustor hereby assigns to Lender the rents.issues and proflts of�he Property;provided that Trustor ;,�,:�y
<br /> ' shall,uMll the occurrence ot an Event ol Default hereunder,have the rfght to collect and relaln such renta.Issues and pruflls as Ihay '�•:�;,�-.,
<br /> � , �• � become due and payable.Upon the occurrence of an Event ot Default,Lender may,ellher in person or by agent,with or without �,���- �_
<br /> �����; � �� � ., bringing any actfon ar proceedinp,or by a receiver appomted by a c�urt and w�thout regard to ti�e adequacy o(Ns sacunry.9nter - --,�•;�i==
<br /> '�'•� � • uQon and teke posseasfon of the Property,or any part thereoi.In rts own name or in the name of the Trustea,and do any acts which it �n'_°
<br /> `� ' � ' deems necossar,�or desirable lo preserve the value,marketablliry or rentablliry ol the Prope►ry,or any part lhereo(or interest therefn. ;;:,:�__�
<br /> • fncrease the Income therefrom or protect the securlty hpreof and,with or �vUhout taking possession of the Property,eue for or _�x:--
<br /> '�+'��', ' otherwise collect She rents,issues and Frollts thereol,incluJing those past due and unpaid,and apply the same,less coats and °°���
<br /> � ��;, • ' � expensea ol operatlon and c�Uectlon including ariorneys'foes,upon any�ndebtedneas secured hereby,all in BuCh arder as Lender �.»::�TY.-
<br /> � -�-`-----= may ddtnrmine.The entcring upon and takUg posebsslen of thP Property,the collection ot such rents,issues and profits and the �_���h�::
<br /> -. appllcatlon thereot as aloresald,shall not cure or wawo any defeult or notice of default hereundor or Inval�date any act done�n c�„ix�:�ea�`��
<br /> response to suCh delault or pursuant to s�ch nMice of delaull and,nolw�thstanding Ihe conlinuance in possession al the Properry or ti..:�`_•:_�__.—__—_
<br /> ___ _ �h����iar_.�Inn,►ecpipt and appllce�fon ol rents.issues or prolfts,and Trustee and Landar ahall be entltled to exerclse every dght ��•'°'�•°� � __
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<br /> ;',j_• • . �,� provided far in any oi the Loan InstruRents or hy law upon occurrence of any Event of Detault,inclutlmg K unouc iimdaiion ti�a�iyht �;�}..
<br /> to ex�rclse tlie power ol sele.FuAhor,Lena,3r's rights and remedies under this paragraph she11 be cumulative with,and in no wny A
<br /> !�'� I� • I�mllation on,l.ender's rlght8 and remedfes under any assignment of leases and rents recorded agalnat Ihe Property.Lender.Truatee
<br /> •� •:��"�t. and the recelver shall be Ilable to account only for those rents actually recelved.
<br /> ,.••� '�.��'��''��� 11. Ev�nb ol Datoull.The lollowing shal:c�nstitute an Evert ol Detault under thls Deed ol Trust ;;`}
<br /> `"�'' (a) Faflure to pay any�nstallment of pn�cipal or Inlerest of any other sum secured hereby whan duo: •}��'. .��..'�,
<br /> '�'��: .�;. .
<br /> •�'���' � (b) A breach of or defeult under any provision contelned�n the Note,thls Deed ot frusl,any ol the Lnan Inatrurnenls,or any
<br /> � other lien or encumbranco upon the Property; +�. ' '
<br /> " (c) A wrlt of execut�on or attachment or ar�y simil�r process sha11 be entered agafnst Trust4r whlch ehall become a lien on ,��.
<br /> • lhe Properly or any portion thereot or intt3rest therein: ���� �_ . ____
<br /> "+• (d) There shall be tded by or agafnst Trustor or Borrower an acAOn under nny presem or luture lederel,state or other -- --
<br /> '"`�'� " slntute,law or regulatlon relating to bankruptcy.insolvency or other rel�et for debtors:or Ihere shall be appo�nted any trustee, :�'i��:����:�`
<br /> . , reCehler or Ifquldator of TrustOr or Borrower or of all or any part of the Pi operty,o-the rents.issues or prollts thereof,or Trustor ='f;'-',;„,�cy'�
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<br /> . � or Borrower shall make any general assignment for the benetrt of credUOrs: '•�? ,�,•--
<br /> � � � (e) The sele,transler,lease,asslgnment,conveyance or further encumbrance ol nll or any part ol or Any intereat fn the '�•"��=�-_-�m.._
<br /> � Property, oilher voluMardy o� involuManly, without!he express •Hntten consent ct Lender; prowded that Trustor shall be � -^��• �. u_�
<br /> „ permitted to exec�te a lease ol the Property that does not coMain an option to purchase and the term of whlCh doea not exceed ,��,•_.,�s:.;Y��
<br /> . .' : one year; �f�
<br /> :,;��,' (Q Abandonment of the Property:or � < -:� '__
<br /> ' • (p) It 7rustor Is not an intlividua�.the issuanco.sale.trAnster,assignmenl,conveyance or encumbrance of more then a total I �;:��-:
<br /> � �f— percent of(it a corporatlon)ds�ssued and outstandmg stoCk or��f a p�rtnorship►a tqtal ol _. perCent ot � �^9.', `�-�o•y
<br /> � partnershfp interosts dunng Ihe penod this Oeed ot Trust remains a hen on the Property- � ••� "U-��=_
<br /> ' 12. Rem�dlo�;Acc�Nratlon Upon Dalault.In Ihe evem ol any Event af Delault Lender may,w�thout notfce except as required by �"`°'
<br /> �� law,declare all indebtedness seCUred hereby to be due and payablo and Ihe same shau thoreupan becomo due and payeble ! .'�'��"����r
<br /> ' • ' '. •' wlthout any presentment,demend,protesl or nouce o(any kmd-Therealtar Lender msy. �
<br /> • ' ' � (a) Demar�d that Trustee exerciso the POWER OF SALE flranted herein, and Trustee shnll thereafter cause Trustor's
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<br /> � ' •�.',,�� • interest In the Property te be sold and the procoads to be d�strlbuted,all m the mnnner prov�ded in Iho fJebraska Trust Oeeds
<br /> �� Act:
<br /> � '' �. ' (b) Exercise any and a:i nghts p►ov�ded for m any ot Ihe Loan Inslruments or by law upon occurrence c1 any Event ol
<br /> � � Defeu�t:and
<br /> , (C) Commence an act�on to forec�ose this Doed ol Trust as a mo�tgage,appoint a rece�ver,or specil�Cplly unlorce any ot the
<br /> � CovenaMS hereo�. •
<br /> No remedy hereln conlerred upon or reservetl to Trustee or Lander�s mtentlud to be exclusrve of any other remedy herem.in the
<br /> � � Loan Instruments or by lew provlded or perm�tted,but ear.h shall be cumulatwe.shall be m addition tc every other remedy gWen
<br /> hereunder,ln the Loan Instruments or now or hereaNer�xistfng at law or in equity or by statute.and may be exerc�9ed concurrently.
<br /> " independently or successrvely �
<br /> " 13. Truslee. The Trustee may resign at any t�me without r.aus�.and Lrnder may ,�t any urne nnd wdhout cau•re appo�M a
<br /> sucCessor or substdute Trustee.Trustee shall not be hable to nny party ���chiding wdhout hmdadon Lender.Dorrowar,�rustor or any
<br /> � purcha8er o11he PrOperty.lor any loss or damage unlps5 due to reckless or w�lllul misconduct,and Shall not be reqwred lo take any
<br /> action in connoctlon w�th the enforcement ol th�s Doed ol T�ust unless ��demndied, in wnUng, for all costs. compensabon or
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<br /> � � expenses whlch may be associatea tnerewnn in nclomon,i rustee may u•tcvuia a Nu�i,��a5o�a4 d:��.".��..�.••�• • r�•v v--•--•- �
<br /> , under Ihe power ot sale granted hereml, postpone the sa'e of all or any port�on ot the Properry,as prov�ded by law,or seu the
<br /> Property as a whole,o��n separate parcels or lots at Tr�stee'a discreuon.
<br /> .. . 14. Faas end Exp�ntes.In Ihe event Trustee sells Ihe Properly by exercise ol power ol sale.Trustee shall be enutled to app�y
<br /> any sale proceeda flrst 10 payment ot all cost8 anG expenaes of exercismg power�I sale,mcludmg a�l 7rustea's fees,and Lender's
<br /> and Trustee's BttOrney's fees,aclually incurretl lo extant p�rm�tted b�appliCable�aw In the event Bo►rowHr cr iru slor exerclses any
<br /> rlght provfded by law to cure en Ever�t of De1auIL Lender ahall be entitlod to recover trorn�i rustor all costs and expenses nctually
<br /> incurred as a result ot Trustor'8 de�ault, �ncludmg without I�mitatlon all Truslee's and attorney's fees.to the extent perm�tted by
<br />' appllcable law.
<br /> 15. Fulure AdvencY�. Upon requesl ol Borrower. Lender may,at its option,make addltlonal end �uture ativ�ncas and te-
<br /> advances to Borrower.Such advances and readvances,wHh interest thereon.snall be secured by this Deed ot Trust At no time shall
<br /> the princlpal amount of the�ndebtedness secured by this Deed ol Trust.nd�p�Q00�umsadvanced to protect the secuny of th�s
<br /> Deed ol Trust,exCeed the orlglnel prinCipel amount staled herein.or$_____ —.whiChever is grealer.
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