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<br /> '�%-�•��,��1 ItN P�op�rly Ir W takm or damap�d.L�nd�r�hsll hw�the oppon,In Ib solo and ob=ol Isar uch P�ocMd�. --
<br /> ��„°x*��'fi� '� dIK drduodnp th�rNrom NI co�M�nd�xp�nw�Incurnd br I!In aonn�atlon with wah ProcNd�,upoe�nY�nd�bMdnN�Naund
<br /> '�!?-"' '° " IHr�by��d In euoh ord�r a�L�nd�r m�y d�brmin�,o►to�pply�II�uch P�oeNd�,�ft�r�ueh d�ducUorn,to th�r„tor�tlon of th�
<br /> '��y,�• ' Prop�rb upon wch condipons as L�nd�r m�y d�urmin�.Any�ppllo�tlon ot ProcNds to Ied�budna�thall not ouDOnd or patpon�
<br /> ... • , th�du�dd�of any p�ym�nq uad�r th�Not�,or cun any dN�ult Ih�nund�r or h�r�und�r.Any un�ppllM lund��hall W pald to _
<br /> ,��«�a:�.�,n_?..t,�'.•?' , Trwta.
<br /> 8, p�Aonnnna�br I.�ndK.Upon the ocaurrencs of an Ev�nt ol Del�ult h�nund�r,or It any oct Is tak�n or Ipal procwdinp
<br /> �---_-�;�A� commencad which mawrlally atteote Lender'e Interest In fhe Property,Lendsr m�y In Ib own dlscnUon,but without obIIQ�Uon to do f`
<br /> � ,� • ,;yl--- a,and wlthout notla to or d�m�nd upon Trustor and wilhout nl�uMp Trwtor Irom sny oWipatlon,do eny act which Tro�tor has
<br /> � aprNd but I�IIs to do�nd may altp do�ny oth�r act II doeme nace�s�ry to protect the secu�lry h�rsol.Tru�tor�hall,Imm�dlaqly
<br /> �, � � u��. ,.. upon d�mend lhore}or by lender,pay to Lender all co�ls�nd expenfe�Incu�red and sume expsndsd by Load�r fn eonn�aUon wllh _
<br /> J •• -- . �. !he pzerClee by Lend�r o}tha forpolnp ripbb,lopether with Intued thoreon st th�dN�ult rate provld�d in ths NoU,which sb�ll b�
<br /> -- � " �dded to tlw indsbbdnws s�aur�d�oroby.Lander sh�ll not Incur�ny Il�blliry bocau�ol anylhinp it m�y do ar omit to do
<br />�a,� , >,.' '•*. Mnunder.
<br /> ; g. Fiwrdou�UA�t�lab.Truetor�hall keep the PropeAy In comptla�ce with all eppllcabls law�,ordinancea and r�yulptlonA
<br />{:: � _ �t�;�7.�.:�� � ° ralatlng to indwtrial hypiens or mvironmental protection(collectively referrad to hereln a�"Envfronmenfal I,.ew4")•Trustw 9ha11 - -
<br /> -� ,��'�`W'-"'�`'�•� keep tne Proper[y irea t�um aii nubria���os d�med ta ba hexar doue or tox ic un d e r a n y[n v i ro n m e n t e l L a w s(c o l l e a t i v e l y�el err p d to
<br />� � • � � herein aa"Hezordou�Materlals'�.Truetor herelsy warranta and repreaente to Lender thet there are no Noxardoue Moterlal�on or 4 —
<br /> under Ihe Property.Truator hereby apreea to Indemnily and hold hermlees Lander,ita directors,oHfaere,emploYeea And apenta,anO
<br /> • � -� e any Aucce�eors W Lender's Interest,irom and epeinst any and ell alaime,damepe�,loewa And IIabIlllias arielfip In conneadqn with
<br /> . Ihe presence,uee,dlsposal or tranaport ot eny Hazardous Meterlale on,under,lrom or abqut the Proparty.THE FORE(iOINQ
<br /> � �� � WARRANTIES AND REPRESENTA71QN3.AND TRU3TOR'S OBUOATIONS PURSUANT TO THE FOREC301Nf31N0EMNITY,SHALL
<br /> � . � SURVNE RECONVEYANCE OF THIS DEEO OF TRUST.
<br /> - • ° 10. AwiqnmMt ot R�nq.Trustor hereby assipne to Londer!he rents,Issuea and prolils ol lhe Proporty:provided Ihat Truator ---�-
<br /> ehall,untll 1hQ occunence o1 an Event ol pefault hereunder,heve the ripht ta collect end reteln euch rents,iseues and proflts ea they _
<br /> become due and peyable.Upon the occurrence of an Event of Delault,Lender may,efther In person o�by epent with or without
<br /> ' brinpinA any actlon o►proceeding,ar by e receiver appointed by e court and wllhout regard to the edequacy of Ils aecurity,enter
<br /> upon and take posse4sfon ol the P�oparty,or any pen thereol,in 8s own name or in the name o1 the Truetee,and do any acte which it
<br /> � deems neceesary or desirable to preserve the value,marketebiBty or renteblliry ot the Properly,or eny pe�t thereol ar interaat lhereln,
<br /> Inc�ease the income therelrom or protect the security horeof and,wlth or Nithout teking posseaslon of the Property,sue far or �_�_
<br /> � otherwise collect lhe rente,issues and prollta thereol,including those pest due end unpeld,end apply the same,les4 costs end __
<br /> expensea ol operatlon and collectio�Includlnp altorneys'feea,upon any indebtedneas seoured hereby,all In euch order as Lender _
<br /> may determine.The entering upon and taking poeaeasion of tho Property,the collectfon of auch renls,isaues and pro111s end the �s_
<br /> epplicatfon thereol es eforesaid,shall not cure or walve any delautt or notice of delault hereunder or invelidate any act done i�
<br /> responBe to such dele�ult or pursuant�o euch notfce ol default and,notwithstending the contlnuance in possesafon of the Property or _
<br /> the collectfon,recelpt and appifcetlon of rents,fesues or proflte,and Trustee and Lender shall be entitled to axerclse every►Ipht R--
<br /> --- — provided ior in any ut ir�e Loan insirumenis ar by!aw upan occurrence ot any�ve�t nf Default Including wfthout Ilmitetlon the ripht �`;���T •�
<br /> • '" to exerciaa the power of sale.Further,Lender's riyhta and remedlee under this paragraph shall be cumulative with,and in no way a f =
<br /> � ;� ` Ilmitalion on,Lender's►Ighta and remediea under any asslynment ot leases end renta recorded apainet the Prope►ry.Lender,Truftae � --
<br /> ' • and the ieceiver shell be Qable to account only for those rents acWally recewed. �,,.,,.,,�„-
<br /> . 11. Hv�nb of DNauIL The lollowing ahall conatitute en Event of Delault under this Deed of Truar ,;. �`T"•�F .
<br /> • (a) Fallure to pay eny inatallment of principal or interest of any o�her sum secured hereby when due: ��_� _ .__
<br /> (b) A breach ol or delault under any proviaion contafhed In the Note,thle Oeed af Trust,any of the Loa�Instruments,ar any �,� _W.W
<br /> • � other Ben or encumbrance upon the Properry; ��;,,;r
<br /> (c) A writ d executlon or attaChment or any similar proceas ehall be entered apainet Trustar whlch shall become a Hen o� �',;,',;n;.,_'„�„�=
<br /> 1he Properly or any poAlon thereol or Intereat thereM; "'�:'•:`"-�
<br /> � • (d) There ehall be liled by or against Trustor or Borrower an actlon under any present or luture federal,atete or other .
<br /> • " etatute,law or regulatlon relating to bankruptcy.Insolvency or other rellef lor deblors;or ihere ahall be appointed any Iruslee, �.
<br /> � " . � , recelver or Nquldator ol Trustor or Borrower or ol ell or any part ol the Property.or the rents,issuea or profita the►eof,or Truator � . . :
<br /> or Borrower shall make any general asslgnment for the bene6t ol creditors; ;•�'_
<br /> (e) The sale,transler,lease,asalqnment,conveyance or further encumbrance of all or any part a1 or any Intereat in the '-
<br /> Property,elther volunlerily or Involunterlly, without the express wntten consent ot Lender;provided that Truntor shall be �, Y
<br /> ' ' � permltted to execute a leaae of the Property Ihat daee not conta�n en optlon to purchase a�d the term ol which does not exceed . .•
<br /> , one year; ' :
<br /> (� Abandanment oi the Property;ar � __
<br /> I',,�. •• (y) It Trustor is not en Indivldual,the f:suance,sale,transter,assiynmeM,canveyance o�encumbrance ot more than e totsl c
<br />� °��t of percent oi(H a corporation)its issued and outstanding stock or(if a partnerahip)e total ot percent ot :,_ , '
<br />' , 8.;::, ;-' pennership interesta during the perfod thfa Oeed of Trusf remalns a Ilen on the Property. � ' . ?
<br /> 12. RNn��;Acealnallon UpOn DN�ult.In the event of any Event ot Default Lender may,without notice except as requlred by �
<br /> • law,declare ell indebtedneas eecured hereby to be due and payable and the same shall thereupon become due and payable • --,.
<br /> ' without eny presenUnent,demand,protest or notfce ot any kind.Thereafler Lender may: ,_,
<br /> (a) Qemand that Trustee exercise the POWER OF SALE granted herefn, and Truatee ahall thereafter cause Trusbr'e
<br /> interest fn lhe Property to be sold and the proceeds to be distrlbuted,all�n the man�er provided in Ihe Nebraske Trust Deede � ;:%� � ,
<br /> Act; , �
<br /> (b) Exerclea any end all rfqhls provlded for in any ol the Loan Instruments or by law upon occurrence ol any Event ol
<br /> �' Default;end
<br /> (c) Commence an actfon to forecloae 1hls Deed ol Trust as a mortyaye.appomt a receiver,or apecd�cally enlorce any ot the
<br /> ° covenants hereoi.
<br /> No remedy herefn conlerred upon or reserved ro Trustee or Lender�s�nte�ded to be exclusive ol any other remedy herein.In the •
<br /> �. .( . Loan Inatruments or by law provided or permitled,bu+each ahall be cumulatrve.shaU be In addiUOn to every other remedy given
<br /> hereunder,in the Loa��nstrumenta o�now or hereatter Qx�sting at law or m equ�ly or by statute,and may be exerased concurrently,
<br /> • � Independently or euccessively.
<br /> � 13.Tru�tN. The Trustee may resign at any time without ceuse,and Lender may at any time and without cause appomt a
<br /> '�'� successor or subslitute Trustoe.Trustee shall not be I�able to any party,�ncludmg w�thout I�m�tauon Lender,Borrower.Trustor orany
<br /> • , � purChaeer of the Property,lor eny losa or demege unless due to reckless or willful misconduct,and shall not be reqwred lo takeany
<br /> actlon In connectlon wfth the enlorcement ol this Deed of Trust unless�ndem�ified,fn wr�t�ng,lor all costa,compensation or
<br /> .. . � wYnnnAea whlch mev be associated therewlth.In addition,Trustee may become a purchaser at any sale ol Ihe Property�udiaal or
<br /> under the power ol�sale yranted herefn);postpone Ihe sale of atl or any portion ot tne Nroperry,es prov�ded'oy iaw.�r so��:��o
<br /> P�ope►ry as a whole,or in separate parcels or lots at Trustee's diacretion.
<br /> 14. FNS�nd Exp�n���.In the event Trustee sells the Property by exerc�se ol power ol sale,Trustee ahall be entftled to apply
<br /> any sale proceeds Ifrst to payment ol ell costs and expenses of exerc�s�ng power of sale,�nclud�ng all Trustee's lees,and Lender'a
<br /> � and Truatee's ettorney's lees,actually incurred to extent permitted by applicable law in tha event Borrower or Truator exercises any
<br /> rlght provfded by law to cure an Event of Default.Lender ehall be ent�tled to recover Irom Trustor a11 cosls and expenses actually
<br /> fncurred as a re8ult ol Trustot's defaulL fncludlny wrthout Ilmitation ell Trustee's and atlorney's lees,b tho extent permitted by
<br /> appllcable law.
<br /> 15. Futun Advanc��. Upon request of Borrower, Lender may.at its opt�on,make addit�onal and luture advances and re-
<br /> advances to Bor�ower.Such advancea 8nd readvances,wllh�nterest thereon.shall be securqd by thla Deed ol Trust.At no tfine ahall
<br /> the prinClpel emount of the fndebtednea8 seCUred by thls Deed ol Trust.not�nc�ud�ng sums advanCed to �h0 Ncunty ol th�s
<br /> Deed ol Trus�exceed the orfylnal princlpel amount stated herein,or$_ wh�chever f��Mk•
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