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<br /> 1B. Covenants o/Trustor wlth Respect to Leases.Without the prJar wdtten consent ol Benelidary,Trustor shall not,dlrect(y orindliecNy, �4:_-----
<br /> ' with respect M any lease o/spece In/he Trust Properry.a any portlon Ihereof, whether such fease Is now or horaaiter/n oXlstonco: �,-_
<br /> (a) Accept or permlt any prepayment dlscounf a advence paymenf ol rent hereunde►In exceas ol one month, �e-,,,�{ti�,___.._
<br /> , . (b) Cance!or te►minate the same,or accept any cancellatlon,te►minatlon or surrender thereo�,or pe►m!t any event to occur wluch would 3S_�
<br /> xcui thereunder to te�minete or cancel the sema, other than terminedon fa nonpayment ol rent, ���-- '�- �'-
<br /> � � _ (c) Amend or modlty the same so as ro reduce the torm fhe►eol,the rentel payeble thereunder,a ro chanpe any renewal proWslons �.-T-----
<br /> " . thereln contelned, ��
<br /> : (d) Welve any delauU thereunder or breach the►eo/, �°"`�
<br /> ,� (e) Qlve any consent walver o�approval the►eunder or take any otber acdon In connectian therewlth,or wlth a lessee theraunder, wfdch �U,:•:�"°�`"-�'•v
<br /> would have Ihe eNect ollropelrinD the value ot lhe leasor s lntereat[hereunder or the property subJect thereto,or o�lmpalrinp fhe _ _
<br /> � posldon or lnterest o!Beneficlery Me�eln.a �u- -= _
<br /> , . (� Sell,asslgn,pledge,mort�ape a othe►wlse dlspose o%or encumber Its inferest 1n eny sald lease or any ients,issues,p►olifs�ssuln� ;.n�,,;,;..,�,�, �
<br /> � � or adsing thereunder. ' ,
<br /> . � 17. Walver o/Sfafute of UmJtadons. Tfine fs o�the essence In al/of Tiusfor's obllgaGons and duties hereunder,and to the extenf permitted �__�,_::_,;�.
<br /> � 6y law,Trustor walves ell present or luture statutes olllmltatlons w►th respect to any debt,demand or obUgallon secured hereby and
<br /> Q any acdon or prxeeding for the purpose o!enlorcing thls Deed o!Trust or any rights o�remedles contalned herein. `
<br /> 18. Assignment of Deposlts.ln the evenf consbuctlon o/lmprovemenfs Js contemplated by the foan evldenced by fhe Nole secured
<br /> � hereby,as addldonal securiry therelore, Trustor hereby translers and asalgns[o BeneNclary,all right,nde and interes►10 any and all ,,._;,,�, ,�t,,�,
<br /> N monies deposited by or on behalf o�Trustor with any ciry,county,pu611c bady or agency,saNtary disfrlcf,utllity company,and ;��,:� �;:�,,;y�_�-_°�
<br /> . . �:; ` .;� --°
<br /> � a n y o t h e r b o d y or e genc y,br the lnsfallatlon or tos�cu►e thelnstallatlon olany ufiNry by Trustor,pertalning to fhe Tiust Property. ,.�n�'�.+�:
<br /> 18. Corpo►eflon a PaAnershlp Exlstence.!/Trusto►!s a corporatlon,general partnership,or 1!mlted partnership,!t will do a/l things
<br /> r,i....:
<br /> necessary to preserve!IS corporate oi pa►MershJp exlstence,as the cace mey be,end al1 rights and prJvileges unde�the laws oi the � ����
<br /> state of its lncorporaUon ar o►ganlzadon. ,,�;,_.°
<br /> �; 20. Fo►bearance by BeneNclary Not a Walver.My forbearance by Bene/ldary in exercising any right or remedy hereunder,or atherwise � '::'_.,__��_�
<br /> allorded by applicable lew,shalf not be a walver of or preclude the exercise ol any such right or remedy. The procurement of .,�_r,:.:r�-� -
<br /> l lnauranae or Ibe payment o!taxes or fhe dlscher o�Ilens or char es b Benel/cle shed not be a waiver o1 Benepciary's r/ght to � '�;`' ';'"".,;,�
<br /> ge 9 Y �Y ��'.. , ;:• ;,:._.�•�....t.
<br /> accelerate ihe maturlty ol the Indebtedness. • �� � A
<br /> 21. Remedles Cumulative.All remedies provlded in fMs Deed o!Trust are distlnct and cumulative to any other►Ight or remedy under thls � ' � �.:
<br /> • Deed o/Trust or al/orded by law or equlry,and may be exerc(sed concunently,lndependenfly or successively. _
<br /> 22. Successors and Asslgns Bound;Jolnt and Several Llebllity;Cepdons.The covenants and agreements hereln contalned shell bind,and �{.• •,' . :_. �_
<br /> Ihe rights hereunder ahell lnure to,the respecNve successors end asslgns ol Beneflclary. Trustee,and Trustor.All covenants and �•� ��-
<br /> ' J� .,I..�i�
<br /> , agreemonts ol 7rustar shell be/olnt and several. ihe cap[lons and headings o!the paragraphs ol thfs Deed ol Trust are lor . �`_
<br /> conveMence only and are not to be used to Inteiprel or dehne the prorisions he�e�ul.
<br /> 23. Notice.Except lor any notice requlred under eppdcable law to be given rn another manner,(a)any notice to Trustor prov(ded�or in thla . ,
<br /> Deed of Trust shall be glven by mailing sucl�noBce by cerliNed mall, refurn recelpt requested addressed to Trusto►et i►s malling , �
<br /> address set lonh above or at auch ofher eddress as 7rustor may deslgnate by noACe to Beneliclary as provided hereln,end(b)any .....:� �
<br /> notice fo Beneliclary or Tiusfee shall be given by cerllfied mall, relurn recelpt requested,to Beneflclary's and Tiustee's mailing ;;,,.•,.
<br /> addrass stated herein or to such ofner eddress as 8nnnflc/ary or Trusfae may daslgn3te by notice to T►usto►ec nrovlded herein.My .:����
<br /> noHce p►ovided for!n Ihls Deed ol Trust shall be daemed to have been glven fo Trosto►,Beneliciary or Trusfee when given in fhe .�..�•'�
<br /> menner deslgneted hereln. � •
<br /> 24. Ooveming Law;Severabldry. Thls Deed o�Tiust shall 6e governed by fhe laws ol fhe S1ate ot Nebraske. In the event any provislon or � y
<br /> clause o!thls Oeed ol Trust confllcts with applicable law.such conl/ict shall not aNect o/her provislons o/thls Deed o/Trust whlch can ,. �
<br /> be given eHect without fhe conlllcfing provlsions erd to this end fne provisbns ol thls Deed ol Trust are declared to be severab/e.
<br /> 25. Events o�Deleult.�ach o/►he lollowing occunences shall constlfute an event ol delauR hereunder,(herelnalte►celfed en"Event r
<br /> ol Delault"): t
<br /> (a) Tiustor shall/ail to pey when due any pnncipel,�nterest,or princlpal and mterest on fhe Indebtedness. • ,
<br /> (b) Any wananty o►title made by 7rustor heiein shell be unbue, ; �
<br /> (c) Tiustor shal!fall lo observe or perform any of the covenants,agreaments,or conditions in thls Deed ol Trust.
<br /> (dJ Any rep►esentation or wananty made by Tiusta on any lmencial statements or reports submiKed to Benel�crary by or on behalf ot �
<br /> Trustar shall prove lelse or materially misleading. ;�_
<br /> � (e) Trustor shalf lail to perform or observe any ol th�covenanfs, conditrons or agreemenfs contained in,or bindmg upon Truslor under � ,..
<br /> any bullding loan agreement,security agreement,loan ag►eement,financing statement,or any o►her agreement.inshument or •
<br /> � documenf executed by T►ustor!n connection with the/oan evidenced by the Note.
<br /> (n A trustee,receiver or liquldetor of the Trust Properry or ot Trusto►shalf be appomted.or any ol the cred�tors o�Tnisto►shall flle a ,
<br /> petition ln bAnkruptcy against Trustor,or for the reorganization of 7rustor pursuant to the Federal Bankruptcy Code,or any simila►
<br /> law.whelher lederal or state,and d such order o�petition sha0 not be discharged or d�sm�ssed wrthm thirry(30)days alter the dele
<br /> on whlch such order or pet�t�on was liled.
<br /> (g) Trustor shall lile a petit�on pu�suant to fhe Federal Bankruptcy Code oi any similar law, lede►al or state,or�l Trustor shall be , .
<br /> ad/udged a bankrupt,or be declared msolverM, or sha/l make an assignment for fhe benelit o�c►edibrs,or shell adm�t in wnting its
<br /> • lnablNty to pay its debts as they become due.or shall consent to the appomtment of a rece�ve►of ell or any part o!the T�ust Property,
<br /> � (h) Final�udgment lor�he payment ot money shall be rendered against Trustor and Trustor shall not d�scharge the same,or cause it to
<br /> . be discherged,wrthm tlurty(30)days aRer the entry rhereol.or shall not appea�therefrom or lrom the order,decree or p►ocess upon
<br /> whlch or pursuant to which said�udgment was g►anted,based,or entered.and secure a stay ol execuhon pendmg such appeal,
<br /> .' , (�� h/ereln,Sn any manner orwey,whethe rvol�an/y oi nvo untar►y. w�thouf the wntten/consent or�aeneac ary bemg iirsr nad nd terest
<br /> obtained,o/
<br /> �) I!Trusto►is a corporation or�artnership and moie than hfty percent(50°0l o/the sha►es or benel�c�al�nterests in such corporahon or
<br /> • pahnership,as the case may be.shalf be translened ar Conveyed,whelhe►vduntanly or mvoluntanly, w�fhout the wnften consent of ,
<br /> Benehciary being f�rst had and ohfa�ne�i
<br /> 28. Accelerahon of Debt:Foreclosu►e. Upon fhe occu�ronce of any Event ol Delault.or any Gme tnerealte�. 8enel�aary may.at ds opUon.
<br /> • declare all fhe Indebtedness secured hereby emmedrately due and payable and fhe sarne shall bear�nterest af the delault rafo.�l any.
<br /> set lorth in fhe Note.or otherwise at the h�ghashate pe►m�tted by law.and. nrespectrve ol whether 8enehciary exerCises sa�d ophon.rt
<br /> may,at efs opUon and m ds�ole d�saedon, wrthout any/urther nohce o�demand fo or upon Trustor,do one or more of the lollawmg:
<br /> (a) Beneficiary mey enter upon,fake possess�on ol,manage and ope�ate the Trust Property or ony part thereol:make repavs and
<br /> a/terahons and do any acts which Bene6aary cieems proper fo protect the secunty thereof.�nd erther wrth or wdhout taMng
<br /> .d In.n.n�horwi ca rn/la�•f a»rl mr`e�ve rents.�ssues and prolits,inc�udmg fnose past tlue and unpaid,
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<br /> and apply the same.less cosfs and expr�nses of operahon anu c:dlechon,�nclud�ng reasonable attorney fees and Benehr,�ary s
<br /> costs. upon the Indebtedness secwed hereby and�n such oNer as Benehaary may datermrne. Upon request o�Benehaary,irustor
<br /> shall assemble and shall make ava�lable to Benehuary any olthQ Trusf Property wh�ch has baen removed. The entenng upon and
<br /> Ic�king possess�on of the Trust Property.the co/lechon of any rents.�ssues and prol�ts,and the app��caf�on therrof ds aforesa�tl.shall
<br /> not cure or waive any defaulf theretolore or thereaRcr occwrmg, a aHect any nohce of defaulf or nohce ol sale hereunder or
<br /> mval�defe any act done pursuant to any suchnohce No�w�thslandmg Benelic�ary s cvntmuance�n possess�on or rece�pf and
<br /> app6cahon of rents.�ssues ur p►ohts. Benehc�ary snall be vnUllev fu exercise every nylrt pro�ided�rn�n th�s Deed o!Trusf vr by law
<br /> upon or aRer the oCCUrrenc.e o/an Event ul pe/aufL�nC�ud�ng the��ylrf to exe�c�se the power ol sal�� Any�I►hc aChons referred tn�n
<br /> � th�s peragraph may be taken by BenehC�ary at such hme as Henehc�ary may Jete�n�+��e�vdhuuf reyar�ro tne adequacy of arty
<br /> secunty for the Indebtedness secured herebY.
<br /> I fbl Benehc��ry shall, wdhout reoarJ to�he adequacy o�.�ny svr.unty ro►the/ndebtedness secure�d hpreby.be e�nhded lo the
<br /> , � appomtment of a recerver by eny court havmg�u��sdichon, wdhnuf nodce.to iake�possP55iU��nf FnuterL.�nd���an.+gr tne Trust
<br /> i properry and ope►ate the s8me and collect fhe rants. �ssues and prphfs there6om
<br /> � ICI Bene/iGary may bnng,�ny;u'fmn�rr J�ry cOUrt c�f cnrnpPlpnt�ui�tid�ChOn tU�O�PC/t�SP�h�4 Dr��i1��f �ruti�nr i�nlU�ct�dny c,f thP
<br /> 'r� ' COVPf1AI1f5 hBIE'tlI
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