|
. ..:. .r , • . �+� �.. .+� � : . r � t , .� . �r.� .Nt:}Y?"1 a,_
<br /> '1 •..�wa�i I +�F �'y�;•-r' � . �l ki',e.,, �,:i�• i a��� .l�2 .ys � n.i%�� � ���d ..—
<br /> i x.a.way„
<br /> ^ . � ,e' [� �t II � � 1�i•� � � r A�dlru`— --
<br /> _ .�'.�.. �'�� � r,.•�.�``..� II :_...—'- ...� ��`....
<br /> ',�� •�•,�;:�L�• -� 'r-.0
<br /> ��!..ti++t a� �T'wa�r
<br /> � ; �� '),
<br /> .M ..A• Y�• /' � ' • _ _ _
<br /> :+ci�:!,5':Y a'o•.��. ..
<br /> �, _._e.�a�._..� - - •- -- r `r_r,.�l._kr.�-=,�'�ff��yn`I.
<br /> .. . , 1U�621 �`�=`�-�.��:�ti�---.
<br /> - � . !�2- ---_
<br /> h - , �.i�_._ .,�
<br /> ,- M " � th�Rrop�rry b a takon or d�maQad,L�ndor thall havo ihe option,In ite eole end ab�olute diacretion,to epply ell auch Proceeds, ��,�.�---
<br /> ' �Ihr d�ducdnq Ih�nirom sll cosu snd�xpen�incurrsd by It In connectlon wlth suoh Proce�d�,upon ony Indebtadn�w seaund ��
<br /> • h�rsby�nd In wch ordar as L�ndar msy determine,or to opply all�uch Prooeeda, aftar�uch deductbn�,to the re�toredon ol the {r.�:--�=
<br /> Prop�rty upon wch aondllions a�Lendar may datermine.Any�pplfcatfon of Proceede to indebtednes�ahell no!extand or poslpone
<br /> • '� tho due d�u ol qny peymonw undor the Notq,or curo any delsult thoraundar or heroundar.Any unoppllod lunds�hall bo ppld W ��� � ��
<br /> . Trostor. rt_',�._� -
<br /> � ^` 9, p�rlorrn�nc�by L�nd�r.Upon the occurrence ol an Event ol Delault hereunder,or If any act Is leken or lepel proce�dlop �`��-�"'�'
<br /> � ° commenced whlch materfally affecla Lender'o lnterect in the Property.Lender may In Its own diacrotion,but withoul obllr�etlon to do �'• ='��=_�=---.�,z __
<br /> • ^ w,and without notice to or damand upon Trultar and withoul releaa�np Tru�tor Irom any oblipetion,do eny act wh�h T►uator hae �-----•''""°�"'
<br /> epreed but leib to do and mey al�o do eny other ect It deem�necesaary to p�otect Ihe aecuriry heraof.Trustor sholl,Immedlately -,.___�
<br /> upon demend therelor by Lender,pey to Lande�e��aost�end expenaes Incurred and euma expended by Lender In connection wlth ,;�;;;y�.^__
<br />� ` the exerClee by Lender ol the brepoing rlghta,bgethe�with Int9reat thereon at lhe delault rete provfded In ihe Note,which ahell be � • •�`..-a�_..__
<br /> ...:��:r_
<br /> `' added to the Indebtednoes fecu►od hereby.Lendar �hall not Incur any IlabllUy becauae ol anythlnp it may do or omft to do 1_,..: _
<br /> Mreundet. �
<br /> � 9. H�z�rdous�Aat�►Isls.Truator ahall keep the Property ln compllance with all appliceble lewa,ordlnences and repuleQOns � � �=:R:�,_,__
<br /> relatinp to InduatNal hyglene or environmentel protecpon(colleaqvely referred ta herein as "Environmental laws").Truetor shall �� ��.�*i���"
<br /> � <.. keap the Property Iree Irom all subatanc9s doemed to be haxerdous or toxfc under any Envlranmental Lewa(colleetively referred to ��.__ ._
<br /> � herein as"Hatardous Metarials").Truetor hereby warrams and reprasenta to Lerder that there are no Haierdous Materiels on or ra.� [iPr�j77�eCG,W4w�
<br /> '" • under the Property.Truetor her�9by aQr�BS to fndemnify and hold harml9ea l.ender,�ts dlrectora,oHicera,emplqyees and agenl8,and y;�--
<br /> e n s u c c a e a o r s to Lender's intQre81,irom and egeinst eny aM a�ll c;afms,damages,loases and Ilabilitles arislnp in connecdon with ��'r '. '� ���,•:� �'��
<br /> the presance,use,dfaposal or Iraneport of eny Hezardous Materfels qn,under, from or about the Property THE FORE(301NCi ' �'� __,,�-`
<br /> � WARRANTIE5AND REPRESENTATION3.ANDTFUSTOR'S OBlJ4AT10N8 PUHSUANT TO TFIE FOREOOINfi INDEMNITY,SHALL ___
<br /> � � SURVIVE fiECONVEYANCE OF 7HIS QEED OF TRU3T. � __ _ _ _
<br /> � 10. AWi�nm�nt af R�nb.Trustor hereby asaigns to Lende►the rents,Issuea and p�olita of the PropQrty:provlded that Trustor �
<br /> ahall,until the accurrence ol an�vent qf DefauB hereunder,heve Ihe right to collect and retain such renta,issues and prolita as they ���-�
<br /> c_ ..
<br /> become due and payable.Upon the occurrence of an Event o�Delault,Lender may,elther in person or by apent,with or wlthout � Jtk ;__,._
<br /> 6ringing any actlon or proceeding,or by a�eceiver appointed by e court and without regerd to the adequacy of ita securly,enter ; .„
<br /> „ „ upon and teke pos�oaslon ot the Property,or any pe�t thereol,In Its own name or In the name ot the Truatee,and do any acls which it :_�-�_`
<br /> deems neceseary or doslrable to preaerve the value,marketadlfty or rentabdfry ol the Property,or any paA thereol or Intereat lhereln, �_.._
<br /> increaee the Income theretrom or protect the aecurity horeof and,with or without teking poesesalon of lhe Property,eue lor or :.�'��
<br /> otherwiae collect the rents,iasues and profils thereol,including those paet due and unpaid,and apply the same,less cosls and ` ���
<br /> expensea ot ope�ation and collectlon includinp adorneys'(eea,upon any Indebtedneas seoured he►eby,all in such order as lender
<br /> may determine.The entering uqon and tak�ng posseasion ol the Property,the collectlon ol such rents,fsaues a�d protits and the ,
<br /> epplicatlon therool as atoresaid,ahall not cure or walve any delault or notice of default hareunder or invalidate any act done in .�-.
<br /> response to such default or purauent to such notice ol deteult end,notwithatending the continua�:e in posseaslon of the Property or
<br /> � � the collectlon,recelpt and applicatfon of rente, fesuea or pralits,and Truatee and �ender shall be entitled to exercfae every right
<br /> — —.� - In en of the Loan Instruments or by iew upon uccu��tl�ii,a oi any Cvani ot DofaulLlncfuding withous limilatinn thx right � _.__ �
<br /> 4;.
<br /> provided for y �-
<br /> � lo exerclse the power of sale.Fuhher,Lender's nghts and remedies under t h is paragrap h s h a l l b e c u m u l a t i v e w i t h,a n d I n n o w a y a � •
<br /> • Iimitetfon on,Lender's rights and remedlea under any assignment ot leasea and rents recordea ayalnet the Properly.Lender,Trustee ;��L °
<br /> � and the receiver shall be Uable to account only lor those rents actually received. , =
<br /> • 11. Ev�nb ol Odaull.The following shall constitute an Event of Default under thia Deed ol Trust: F ►
<br /> (a) Fallure to pay eny inetallment of principal or interest of any other sum secured hereby when due:
<br /> (b) A breach of or default under anyproneion contalned�n the Note,thla Deed of Trust,any of the Loan InstrumeMS,or any � •�� :" _
<br /> other lien or encumbrance upon the Properry; �
<br /> (c) A writ of executlon or atlachmentor any s�m�lar procesa shall be entered against Trustor whfch ahall become a Ilen on , ,
<br /> the Property or any po�tlon thereol or �ntereat therefn; � N 4� '
<br /> (d) The�e shall be Illed by or againat Trustor or Borrower an actio�under any present or future federal,state or olher ; _
<br /> statute,law or regulatfon relatfng to bankruplcy,insolvency or other rellef lor debtors:or there shall be appomted any truotee. >,.,_
<br /> , recelver or liquldator of Trustor or Borrower or of ell or any part of the Property,or the rents,Issuea or protlts.thereol,or Trustor . • . r
<br /> or Borrower ehall meke any general asalgnment for the benellt of creditors; {�
<br /> (e) The sale,trensfer,leaee,assignment conveyance or further encumbrance ol all or any pah ot o�eny interest fn the =_
<br /> Property,either volunterily or Involuntar�ly,wrthout the expresa wntten consent ol Lender; provfded thet Truator shall be .
<br /> permftted to execute a lease of the Property tnat does not contain an option to purchase and Ihe term of which does not exceed . , _
<br /> one year, •
<br /> (� Abandonment of tha Property; or
<br /> (q) II Trualot is not an lndivldual,the iasuence,sale,lransler,ass�gnmenL conveyance or encumbrance of more than a total
<br /> of percent of(if a corporation�its issued and outstanding stock or ld a partnership►a tolal ol percent ot ,`^�,_s.;
<br /> parinershlp Intereats during the perlod Ihis Deed of Trust remains a lien on the Property.
<br /> 12. RamKll��;AccN�ratlon Upon D�1au1L In the event ol any Event of Detault Lender may w�thout notice except as required by
<br /> lew,declere all indebtedness secured hereby to be due and payable and the same shall tnereupon become due and payable
<br /> wffhout any presentment,demand,protest or notice of any kmd.Thereafter Lender may.
<br /> � ' (a) Demand that Trustee exerCise the POWER oF SALE granted here�n, and Trustee shall therea(ter cause Trustor's
<br /> � Interest In the Property to be aold end the proceeds to be distnbuted.all m the manner provided m the Nebraska Trust Deede
<br /> ACC .
<br /> (b) ExerCise any and ali nghts provided tor�n any o}the Lo3n Instrumenls or by law upon occurrenCe of any Event ol
<br /> Delault;end
<br /> (c) Commence an action to toreclose ih�s Deed of Trust as a mortgage.appo�nt a receiver,or speal�cally enlorce any ol the
<br /> covenanta hereof.
<br /> No remedy here�n Conlerred upon or reserved to Trustee o�Le��der�s�ntended to be exclu srve of any other remedy herem,in the •
<br /> Loan Instruments or by law provided or permrtted.but each shau ne wmu4�t�ve. shau bct�n add�tion to every other remedy given
<br /> hereunder,�n the Loan Instruments or now or hereatter ex�sting at lew or�n eqwty or by stalute,and may be exercised concurrently.
<br /> Independently o�succesaively.
<br /> 13. Tru�tta.The Trustee may resign at any t�me w�thout cause,and Lander may at any t�me and w�thout cause appo�nt a
<br /> auCCeasor or substitute Trustee.Trustee shall n ot be I�ab�e to any party.�ncludmg w�thout lim ilallon lender.Borrower.Trustor or a�y
<br /> purchaser o1lhe Property,for any lose or damnge unleas tlue to reckiess or wdilul m�sconduc!.and sha1l not be reqwred to take any
<br /> actfon m connect�on with the enforcement ot Ihis Deed ot Trust uniess indemrnlied. in wr�tmg,lor all costs. compensat�on or
<br /> ��_.._....�......e,...�o�o.��ho.o,.,�m ��a.�r��e�r,r, r���crww mav become a ourchaser at any sale of the Property Qudival or
<br /> oinyo�r6ca�ii�u..�..��u�ve.................... _'_".. __' . . .
<br /> under the power Of sele granted herein�, pOStpone the sale ol all Or any portion of the P�operty,as provided by law;or setl the
<br /> Property as a whole,or�n separate parcels or lots at Trustee's d�screUOn.
<br /> 14. Foot and Exponaes.In the event Y�ustee wr�lls Ihe Property by exerCise ol pOwer ot sAle,Truslee shall be entitled l0 epply
<br /> any sale proceeds flrst to payment of all cosls and expenaes at exerc�s�ng power o�sa1e.�nciudmg all Trustee's fees,and Lender's
<br /> 8nd Truslee's attorney'S lees.actually incu rred to extent permitted by appl�Cable law In the event Borrower or Trustor exercises any
<br /> right provlded by law to cure an Event of Defaull,l_ende; shall be ent�tled to recover Irom Trustor all costs and expenses actua�ly
<br /> Incurred as a resuN�f Trustor's deteult. �ncluding without lim�tat�on nll Truslee's and attarney's fees. to lhe extent permitted by
<br /> appllceble law.
<br /> 15. Fulure AdYenC�s. Upon request of Borrower, Le�der may. at�ls option_make add�tional dnd future advenCes and ro-
<br /> advances to Borrower.Such advances and readvances.w�th�nterest thereon,shull be secur ed by th�s Deed o�Trust At no t�me shail
<br /> the principal amount of the�ndebtedness secured by th�s Deed ol Trust.not�nclud�ng sums advanced to protect the secunty ol th�s
<br /> deed of Trust,exceed the origMal prfncipal arnount stated here�n,or y .._ __ .wh�chever�s greater
<br /> �
<br />
|