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<br /> , • � � 1�, Cqyorn�nta o/Tivator w!d►Respec/ro Lwses.Wllhout the p►!a w►lJten conaent of BensNclary;7' or ahal!not,dlrecdy a Indlncdy, �
<br /> . vrlth raap�cf to�rry loas�of spaco In NN Tiutt Piop�►ty,w�ny po►tlon tl+oreol, whetlwr such faoso ls now or haaalta U�xl�ta�o�: ��.�-�_.-
<br /> � �� ^� •` � (a) Acr.apt a porm�t�ny pnpayrtwnf,dpcount a�dvanco p�ynwr+t of iant h�raundor In exco�s o�ono month, �_�;.s;,��.
<br /> � � � "�"""� u (b) C�ncal a Nrminate th�aema,a�cc�pt any a�ncolledon,torm/na d on a sunen d er I h a r�o f,a p e r m l t�n y e w n t ro o c c u r w l d ch woWd �
<br /> '. ; �. . , � oacu►dwroundoi to tom►lnrte a c�nca Nw samo,othsr Man terminedon la nanpayment ol rent, � _u-
<br /> ;>.. •-'�.I i. (Q) qmend a modlly tha s�mo to�s tc nduc�fh�tam IIwr�W.1h�►N►hl pay�bl�fh�nundor,a to ohanpe any nn�wd provlr�
<br /> � " �'"''`• fheraln contalrwd. �
<br /> . , ,�:.
<br /> b '°'., (d) Waive any default the►eunda►or breaCh M�►6of, �—
<br /> �'" ° (e) plve gny consont,welve►or approvel fhe�eunder or I�ke eny othe�ectlon!n connectlon Iherewlth,a wlth e leaa�fhoroundai,whloh -
<br /> �• '� "' would hav�tho e//rct o!lmpNdng tlis value d tlw INtrx'i lntwost►h�rwndor a tha propaty aub/ecf thsr�to,a of impal►lnp PM _
<br /> :: -. =- � : - -_-.., - posldon or Interest ol BerteRclary Me►eln,a --�
<br /> _ .._.---�_
<br /> ; e�' .. (� Sel/,asslpn,PfedDe,mafpape a oth�►wls�dl�poss ol,a encumbor!ta Interoat ln any saJd laeso a�ny nnts.lasuaa,ProBtt IuWnp -
<br /> . • a adslny thereunder. -
<br />�•,'-1 17. We�ver ol Sfetute o/L!mltedons.Tlme!s of the essence In all o/Truata's obllQndons and dudes Iwreunder;and to fha extenf permltted
<br /> � by lew,Tiustor weives all present a luluro atatutes o/Nmltatlons wlth respect to enY debt,demend a obllgadon aecwod h�nby�nd
<br /> • • any acdon or procesdlnp/a the pwpose ol en/acln�t�ls DBed o/Tiust a any rlphts a remedles contalned hereln.
<br /> •• 18. Aasignrnent ol Deposlts.ln the event conshucdon o/Improvements!s contempfaled by the foan evldenced by the Note secured
<br /> , ,� hereby,as additlonal securlty fheielo�e,�iustor hereby translers and asslgns to Benellclary,all dght,NHe and lnterest to eny ond dl � __
<br /> . . ^'�� �� • monJes deposlted by a on behell of 7rustar wlth eny c(ty,counry.pub!!c body a agency,sanitery dlsMct,udllty compeny,and
<br /> _.- eny othwr body w agoncy.for the lnstelfadon o►to secure the lnstallatlon ol eny uNllty Dy Tiustor,pertalnlnq to the Tiust Pioperry.
<br /> ,, �� . ,,�� �',., 1p. Corpo►adon or Pa►tnerahlp Existence.11 Tivaroi ls a corporallon,general paAne►sh/p,or Ilmited parfne�shlp,!f w(q do eff things _
<br /> " " ' . necessery to preserve Its co�porate or peRnor�hlp exlste�a,as the ceso may be,end all rlphts and pdWlepes undar ths laws of fho
<br /> • atete of!te lncaporadon a oryaMzadon.
<br /> • :• .,. . _ Z0. Fabearance by BeneNclary Not a Weiver.My lorbea�ance by BeneHclary In exe►clalnp any dpht or remedy hereunder,a otherwls� __
<br /> eflorded Dy appYcaWe law,shalf not be a weiver o/or preclude the exe�clse ol any such�lght or remedy. The procurement ol �
<br /> � .. Insurance or the payment o/taxes a the dlscha��e o/Ilens or charpes by Banelkiery shall not be a walver ol BorwNclary's r1 pht ro y=_
<br /> accelerete the matudty ol fhe Indebtedness. __
<br /> 21. Remedfes Cumuladve.All remedles provlded In thls Oaed o/Trust are dlsdnct and cumuladve to any othar dghf a rwnady under thls
<br /> '��' �• Oeed ot Trust a aI/aded by law a equlry,end may be exerclsed concunently,lndependenNy ar successlvely. �
<br /> �:w:,:..--
<br /> 22. Successas and Asslgns Bound;Jdnt end Seveial UablNty;Cepdons. The covenanta and agreements here►n contalned ahall bind,and r':r'',;
<br /> .,w.t:
<br /> • the rlghts hereundershalllnure to,fhe respective succeasors end asslgns ol Bene/iclary,Tiustee,and Tivaror.All covenants and �-=``''�
<br /> agreements of Tiustor ahall be/dnt and several.The capdons end headings o/fhe pwe�raphs o/thls Dead o/Tiust are fa �.�'���
<br /> ; • conveMence only and are nof to be used to lnterpret a deflne the provJslons hereol. •�
<br /> ° 29. Nodce.Except for any notice requlred under appllcable law to be glven!n another manner,(a)eny nodce to Tiusto►piovided/or Jn thl� J ,__;_
<br /> Deed ol Trust shal/be given by malling such noUce by cerdNed mall,reWm recelpt iequestad addresaed to Tiustoi af!ta malling �=�°"� .
<br /> addiess set toRh above a et such other eddress es Tiusfa may desl8nate by nodce to 8ene/Iclary as provlded heieln,and(b)any ..��,`,.;;��'�
<br /> nodce to Benellclary or Trustee shall be given by cerNBed mal1,retum recelpt requested,to BeneNclary's and Tiustee's melNng -•�•�-�
<br /> ::F%ii.. :�:.�:-
<br /> � - address steted herelrt a tn vuch other address as BeneNclary or Tiusfee may desJgnate by notice to Tiustor as provided herein.My ��Y.,�,,::�',_
<br /> v � nodce provided for In thls Deed of Trust shall be deemed ro/wve been ylven to Trustor,Benellclary or Tiustee whan�rvon in tho �°��-�
<br /> � manner deslgnated hereln. `���lm ��' -
<br /> ��� 2�. Qoveming Law;Severablllty.This Deed ol Tivat shall be governed by the laws ol the State ol Nebraske.In the event any provislon or •:v
<br /> clause o►thls Oeed ol Tiust con/Nc1s wlth appllcable lew,such confllct shall nof aNect other proWslons o/thls Deed o/Tiust whlch can , . ,.�
<br /> be glven eNec/wlthout tha conplcUng provlslons and to thls end the provlslons o�[hls Deed o/Tiust are dealared to be severable. �� •..
<br /> ' 26. Events o�De1auN. Each ol tho/ollowlny occunences ahall constltufo an event o!defaull hereunder,(herelnalter called en"Event '��''`•`� �
<br /> of De/aulY): '�'�.'`i,�:'=
<br /> •� (a) Trustor shell lall to pay when due any princJpal,interesf,or prJnclpal and lnte►es[on the Indebtedness, � ��.:t,
<br /> � (b) Any werranty ol tide made by Tiustor herein shall be unnue, • `'�
<br /> (c) Tiustor shall le►I to observe or pedorm any o!the covenants,egreements,or condltlons!n thls Deed o/Tiust,
<br /> (d) My►epresentat/on or wanenty mede by Trustor on any llnanclal statements a reports submltted to Benelicls.ry by or on beheH ol � , �
<br /> Truator ahall prave lalse or meterlalty misleading, �
<br /> •• ° (e) Tiustorshall la!l to porform or oDserve any ol the covenents,condidons or ag►eements contaJned/n,or binding upon Trustor under ,�-
<br /> any bullding loan a�7reement,securNy agreement,loen agreement,llnancing srateme�t,or any other aq►eement,lnsbument or .,��
<br /> ' document execated by Tiustor In connecHon wUh the loan evldenced by the Note, -
<br /> " (n A bustee,recelver or 1lquldator o�the Trust Properfy or o!Trustor shall be appolnted,or any of lhe ciedltors ol Tiustor shall Ble e :":a
<br /> peHtlon fn bankruptcy egalnst Trustor,or!or fhe reorqanlzetbn ol Tiustor pwsuant to the Federal Bankruptcy Code,o►any slmllar . ,;�;-Y
<br /> law,whefher lede►al or state,and 1l such order or petlNon shal!not be dische�ped or dlsmissed wlthln thlrfy(30)days alter the dat6 • . •�:
<br /> on whlch such orde►orpetltlon was Illed, � ����•'�'�
<br /> . (p) Tiustor shall Ble a petlUon pursuant to the Federal Bankruptcy Code or any slmi/ar law,lederal or state,a if Trustor shall be • �;'"
<br /> " adJudged e benkrupt,or be declaied lnsolvent,or shall make an esslgnment!or the benellt ol c�edlto►s,or shall admlt!n wrltlng!ts � �,.,,,
<br /> � lnabilNy to pay Its debts es they become due,or shell consent to the appolntment ol e recelver ol all or any parf o/the Tiust Properly, t
<br /> (h) Flnal�udgment for the payment o/money shaU be rendered against Trusror and Trustor shall not dlscharpe the seme,or ceuse!f to L
<br /> . be dJschaiged, w(thfn th/Ay/30)days a8er the entry thereof,or shall not eppeal therelrom or lrom the order,decree or process upon f • .
<br /> whlch or pu�suant to whlch sald judgment was grented,based,or entered,and secure e stay o!executlon pending such appeal, ,
<br /> ' (I) Tiustor shell sell or convey the Trusf Properfy,or any paR thereof,or any interes[thereln,or shall be dlvested ollts tltle,or any lnferest � �
<br /> ' Me►eln,ln any manner or way,whether voluntarlly or fnvoluntailly,without fhe written consent ol Benellcfary belnq lirst had and
<br /> obtalned,o� �
<br /> '. Q) ll Trusfor!s a corporedon or parfnershlp end more than lilty percent(50°io)o!the shares or beneflclal Interests in such corporation or .
<br /> parine►shlp,as the case may be,shell be banslerred orCOnveyed,whether voluntarily orinvoluntarlly,withouf the wntten consent ol .
<br /> Bene!(clary being prst had and obte►ned.
<br /> 26. Acceleratlon o/Debh Foreclosure. Upon the occurrence o!any Event ol Delault,or any time therealter,Bene!(clary may,at!fs opNon,
<br /> decla►e aU the Indebtedness secured hereby(mmedlatety due and payable and the same shall bear interest at the delault rate,il any,
<br /> set IoAh in the Note,or ofhe►w/se at fhe hlghest rete pe�mrtied by law,and,irrespective o/whether Benepclary exerclses sald optlon,it �
<br /> mey,af!fs option and in!fs so/e discretlon,wlfhout any lurther notice or demand to or upon T►ustor,do ono or more of the following;
<br /> (a) Benellclary may enter upon,take possess/on o!,manage and operate fhe Trust Property or any part thereol;make repairs and
<br /> alteratlons and do any acts which Bene!lciary deems proper to protect the securiry thereol,and either with or without tek�ng
<br /> possession,ln its own name,sue lor or othe►wise co/lect and receive►enfs,issues and prolits,including those pasf due and unpaid,
<br /> . n_ _t�
<br /> and apply the same,les5 COSfs entl expenses o►ope/a0on anci coiieciion, incivtimy�vas0i�d`uiv duGinvr iooa aiw YOIIQIW�P�J,J
<br /> costs,upon the Indebtedness secured hereby and rn such order as Bene/iciary may determine. Upon request of Beneliciary,Trus►or
<br /> shall assemble and shall make available to Beneliciery any ol the Trust Prope►ty wh�ch has been removed. fhe entenng upon and
<br /> tak(ng possession of the Trust Property,the collectior ol any rents,issues and p�of�ts,and the applicahon thereol as aloresaid,shalf
<br /> not cure o►waNe any delault fherefofore or fhereaRer occurnng,or aNect any notice of default or notice o/sale hereunder or
<br /> invalidate any act done pu►suant to any such nohce. Notwithsfand�ng Benehc�pry's conf�nuance rn possession or receipf and
<br /> application ot rents,issuos or profits, Benel�aary shall be enhtled to exerc�se every nght p�owded�or in th�s Deed ot Trust or by lew
<br /> � �� upon or a/fer the occurrence or an tvent o►uefeuil.�ncivJ�uy tl�a���rt Pc exerc�sc�h�;.otiver�!sa!e. Any nl�ha rrhnnc refe►red to m
<br /> th(s parag►aph may be taken by Bene/iciary at such hme as Benel�c�ary may defe�m�ne wrthout reyura to Ihe odequacy of any
<br /> security lor fhe Indebtedness secured hereby.
<br /> (b) Beneliaary shall.without regard ro the adequacy o►any secunry for fhe Indebtedness secured liereby.be entitfed to the
<br /> appointment ol a�ecerver by any court havmg�unsd�chon,wrthout not�ce, to take pussoss�on of,protect,dnd manage the Trust
<br /> Property and operate the seme and co119cf fhe rents,Issues and prolrts fherefrom
<br /> (c) Benehciary may bnng any achon m any court o/competenf►unsd�cdon►o foreclose th�s Deed ol Trust or enforce any ot fhe I
<br /> �'{j covenants hereol
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