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<br /> ' ` ' �� th�propsrty Is�o taken or dam4psd,lender�hall havs tho optlon,ln ib wlo and abtolute di�oration,to apply all tuah ProcMd�,
<br /> �� ' ' � ; atbr d�duadnp therelrom all costs and eMpe�ees incurred by It in connection with such Proceedf,upon any indebtedness wcund
<br /> � h�r�by and In such ader es Lendar may deUrmine,or to apply all tuch Proceeds,elter euch deducQons,to the restoraGon of tha
<br /> �� ' • Property upon auah condlUons as Lender maydetermine.Any epplicatlon of Proceede to fndebtedneaa aiaN�n'u�e�"�d�orb p�d to
<br /> �� th�dua daq of my p�ymonb undar the Noto,or cure any delaull lhoraundw or herounder.Any unepp
<br /> '; :,.,.,.._.. Trwtor.
<br /> '" �•� � B. P�rlormll�c�br Lmd�r.Upon the occu�renca o(an Event of Delautthereunder,or If eny ect is teken or legal procsedfnp --_g�_��� -
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<br /> � •••-�::.�°::c� commenced whlch materlally eNects Lender'f intereat In the Properly,Lender may in Ila own dlsaretlon,but without obllpatfon to do
<br /> eo,and without notice to a demand upon T�uetor and without rtlleasinQ Truator Irom any obllyatfon,do any ect whioh Truetor has
<br /> ' epre9d but Iol la lo do and mey al�o do eny other ect It deems necessary to prptect the securlty hereal.Trualor ahall,Immediately
<br /> upqn demend therelor by Le�der,pay to Lender all coeta and expenses incurred end sums expended by lender In connection wlth
<br />�.� dded to'thi f debtedrnees secu ed hereb�Lendeeshalh not incu� �ny lieblllty dbecautYe�olanythingnithmay�do oh'om t to'do
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<br />;���; 8. H�z�rdous IM�ledds.Trustor ahell keap the Property fn complience wllh all applicable lawa,ordinances and reguletfons
<br /> relpting to Induatrial hygiene or environmenlal protection(collectively refe�red ta herain as"Environmental Laws").Truator ahell
<br /> ,1. ; keep the Property free from s11 substances deemed to be hazardoua or taxic undar any Environmental Laws(calle;tively�eferred to
<br /> ' hereln es"Hazerdous Materlals").Truator hereby warrants and repreaents to Gender thal there a►e no Hazardaus Materials on or
<br /> ' . ' � under the Proparty.Truata hereby agreea to Indemnify and hold harml�ss Lendar,its directors,oHfCers,employees and agante,and
<br /> � ' �� any�ucceaeora to lender'a interest,lram and agalnat any and all cleims,damages,losses and Ilabllitfe�arising in connecdon wlth
<br /> . � the Oresence, uae,diaposal or tranaport of any Hazardous Matenals on, under, Irom ar about the Properly.THB FORE401NCi .�__�,
<br /> ' WAFIRANTIESANOREPRESENTATION3.AND TRUSTOR'S OBLI(3ATIONS PURSl1ANT TO THE FGR�401NQ IND�MNITY,BHAI.L L:•'�- _ _
<br /> SURVIVE REi..ONVEYANCE OF THIS QEEpOF TRUST. p �;
<br /> 10. Aulpnm�ol ot 8�nis.Trustor hereby assigns to Lender the rents.issuea and profits ot the Pro e provfded that TruBtor `
<br /> ' shall,untll the occurrence at an Evant olDefault hereundar,have the right to collect and retain such rents.Issues and prutlta as they
<br /> be4ome due and payable.Upon the occurrence of an Event of Oetault,Lendar may,either in person or by agent,with or without �;'`
<br /> brfngfng any action or proceedinfl,or by a recelver appalnted by a cnurt And w�thout regard to tne adoquacy of f1s sacurity,eMer ��ti `r"==
<br /> �' upqn qnd teke posaeasion of the Praperty,or any part thereof,fn its own name or in the name of the Tnistee,and do any acta whfch it _
<br /> • - -�:�:L•: deBms.oeCOSServ or desirable to preserve thavalue.marketabdNy or renlab�liry of the Property.or any part Ihereol or intereal therem, _
<br /> • " � Increesa the incorne therefrom or protect Ihe securily t�u�dul and, with or�vithout tak�ng poegpaefon ol the Property,sue for or _� �
<br /> oth�twlse collect the rents,�ssues anq Frolits thereof,includmg�hose past due and��npaid,and apply the same,less coats and �
<br /> expenses ol c�peraUOn and collect�on including attorneys'fees,upon any indebtedness secured hereby,all in such order as Lender _
<br /> �� mqy determine.The entering upon and:akmg possession ol the Property,the collection of such rents,issues and prolUS and the -
<br /> ap�I�GNtion thereol as aloresald,sha11 not cure or walve any default or not�ce of default nereunder or mvalidate any act done In
<br /> response to such de18u11 or pursuanl to 9ach noUCe ot detault and,notw�lhstanding the canifnuance m possess�on of the P►operty or -
<br /> 1hQ coUection,receipt and applicaUOn ot rems.�sauea or proi�is,and Truatnn and�ardar arial:bc er.t:��Q���?PYpfCIRR BVBfy f19Flt _________
<br /> y •' prov�ded lor in any ol the Loan Insirurrents or by law upon occurrance of any Ev�nt ol nulault,including K Nhoul limrtetion the rlght Fr-�z�:.��.,}��:.
<br /> to Rrarclsetl ie power ot sele.Further,Lender's rlghts and remed�es under thfs paragraph shall be cumulative with,and�n no way a + �
<br /> IimltAtiOn on. Lender's rights and remedies under any assignment of leases and rents recorded againat the Property.Lender,Truatee ��_
<br /> and lhe reCe�ver shall be IiAble to account only lor Ihose rents actually received. —_
<br /> 11. Ev�nb ot D�faWl. The lollowing shal: c�nstilute an Event o1 Detauit under this Deed of Trust: �,�.—
<br /> (a) Feilure to pay any mstallment ol pnncipal or�nterest oi any other sum secure�hereby when dua; ` 'r`�"`.,,i r+�_
<br /> (b) A breaCh ol or delHUlt under any ptovision contained in the Note.lhis Deed af frust,any ot the Loan Instruments,or eny ,�--ns,�
<br /> • other I�en a► encurnbranco upon Ihe Prc,perty:
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<br /> (c) A wnt o1 executlon or attachment or ar,y simdar process shatl be entered aga�nst Truator wh�ch shall become a Uen on �_
<br /> the ProperN or eny poRion Ihereol or mtErest therem: �'
<br /> (�) There shall be Ifled by or agamst tiustor or Borrower an action under nny present or future tederAl,state or other � ,
<br /> statute, �aw or regulat�on relapng to bankruptcy.��solvency or other rel�el lor debtors:or Ihere shall be appointed any trustee, �. :�s=_._ �
<br /> recoi�er or liqwdator ol Trustor or Borrower or of all or nny part of the Pi operty,o-the rents.�saues or prohts thereof,or Truslor •�:*r'� _V
<br /> qr Borrower shall make any generel assignment for Ihe benetrt ot creditors: � �.�::
<br /> (e) The sale, transfer, lease,ass�gnment, conveyance or turther enc�mbrance of all or any part ot or any mterest in the . , �,:
<br /> perm d t te ec�,te a le se ol the Property thai doe,not ontam an pton fo pu cthase andlheterm oe whlch does not exCeed � � • . ._ �`'
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<br /> one year, '
<br /> • (� Abandonment of the Properry:or , .,.
<br /> (p) If Tru9tor is not an�ndividua�,the i sauance.sale,trAns�er,ass�gnment,conveyance or encumbr ance of more than a total ,,.�y.:,_ ^_
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<br /> �t __percent ot 111 n corporabon► ds issued and outstanding stock ur��t a partnersh�p►a tota!of percent ot i „ �, ,L-__-
<br /> pertnership Inlerests during the penod th�s Deed of Trust remams a hen on thQ Property. • --
<br /> 12. R�rn�di�r,AeeN�ratlon Upon Dolault.In the event ol any Event of Defeult le�der may,wiu�out notice except as required by '• �`',
<br /> law,deClare ell �ndebtedness secured hereby to be due a�d payable and the same shall thereupon becomo due and payable �, i;,: ,
<br /> � wfthout any presentment,demand,protost ur notice of any kmd Thereafter Lender msy
<br /> (a) Df,mand thet Trustee exercise tne POWER OF SALE granted here�n, and Trustee shall therea(ter cause Trustor's .
<br /> • intereat In the Property tc be sold and Ihe proceeds to be d�stnbuted,all�n the manner prov�ded m tho fJebraskA Trust Deeds
<br /> • Act; �
<br /> . (b) Exercise eny and a'I nghts provided 1or m any ot the Loan InstrumeMS or by iaw uqon occurrence ol ary Event ol
<br /> + , Detau�t;and
<br /> � (c) Cammence an acUOn to toreclose►h�s Deed ot irust as a mo�tgage.apPU�nt.,recewer.or spncd�cally enforce any otthe
<br /> � � covenants hereof.
<br /> . No remedy here�n conlerred upon or reserved to Trustee or Lende� �s�nlended to be eaciusrve ol any other remedy herem,in the
<br /> Loan Instruments or by law provfded or permftted.b�t each shall be curnuiat�ve.sha11 be�n addit�on tG every other remedy grve�
<br /> . hereunder, m the Loan Instruments or now or herealter e,��st�ng at�aw or m eqwty or by statute.and may be exercised concurrently,
<br /> Intlependently or successwely
<br /> 13. 7rudN.The Trustee �nay res�g�at any t�me without cause.and LP��ver mai at any Ur,ie and w�tnout cau,;e appomt a
<br /> sucCessor or gubetdute Trus�ee-Trustee sha11 not be hable to any party.mchia�ng�dhout hmrtaUon Lender.Dorrowar.�rustor or any
<br /> purchaser ol Ihe property.for any lossor damage uniess due to rtck�ess ur w�utui misconduct,and sf,all not be�equ�red to take any
<br /> .�...---•--.... . .. . _......,,...... .,� r..,.,. ..,,���a��npmnd�Pd �n wrdina. tor all cosls, compensauon or
<br /> °-- "" . " . ' aCnon in connecuon wnn inn vn�v��a��:���; .•�,..�.,•••,•... ...
<br /> expenses which may be assoaated Iherew�th In.�dd�t�on.7rustee may bPcome a purchaser at any sale of the Property(�ud�c�al or
<br /> . � und@r the power of Sale granled ha�e�i�b G�stpone the s.�lc ol all pr anv po�hon of the W�ooerty.as p�ov�ded by law.or sell lhe
<br /> Property as a wl�o�e. o��n separAte parceis ui io15 at Tr�stee s discrebon
<br /> 14. F��and Exp�n���.In the event Truslee sells Ihe Prc>pe�ty by exerc�se o�powe�of sale.T�ustee shai�be entitled to appiy
<br /> any sele prOCet�ds lirst to payment of a�l costs a��d expenses o�ererc�s�ng pow.�r ot sale.i��cludmg a�i Tr ustea s lees.and Le�der's
<br /> and Trustee s attomey's lees.aCtuallymCWred to extent perm�tted by app��cabie:aw In the�vcnt BJ�roW��Ur TruS10�@zerC�SBS H�y
<br /> right provlded by law to cwe an Event ot Default.t.ender shan be enuti�d to��cuoe�rrom �rustor;�u costs a�d expenses actualiy
<br /> InCUrred as a result ol Trustor s detault,mcludmg wrthout I�mdation au Trustee s and atto�ney s�ees. to the extent permitted by
<br /> aPPlicable law. �., i •�.� ��� .��tv:�nces and re•
<br /> t5. Futua Advane��. UpOn repuest of Borrower. �ende� ��ay.at �ts opt�0a make �dd:,.�ra. �.- ''=''s
<br /> advencea to Borrowar.Such advances and readvarces.w�th mterest Inereon.sh;di be secu�ed by Ihis Deed o�T�ust At no t�me shaii
<br /> tha pnnc�pal amount al the�ndebtednesssecured by th�s Deed of Trust.nc������+�n5 adv�nced W proteCt the secunty o��h�s
<br /> Deed o1 Trust,eaceed the orlpmal pnnc�pal amou��l stated he�e�n.ur�, _. __ ...._ , wh�cheve� �s y��'ate�
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