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<br /> �„�'------ �, !h�Prop�rty Is w t�k�n or damap�d,L�ndN�hNl h�v�th�opNon,In It�sot��nd�bsolu4 dl�cr�tlon,to appty all aueh ProcNd�.
<br /> �-��-�•�;��_.� �ft�r d�duetlnp�h�rNrom atl cosq�nd�xp�nNS�neurnd by(t In conn�ctfon with woh Proc«di,upon�ny ind�bt�dn�u Mcuad �
<br /> --- - - br�by�nd In wab orda as L�nde n�y d�te►m�^�.or to�pply ul wch Proasd�,�ft�r wah daducdon�,to th�r�tor�tlon ol th�
<br /> - -�� Propety upan such condlUom as L�naNr m�y d�rmins.Any appllc�don ol ProcMds to Ind�bt�dna�slull not Rxt�nd a post�wn�
<br /> ''+ � �'� �'�� th�dw dat�ot�ny payrr�nq unWr th�Not�,or cun sny ddwit th�r�und�r or h�r�undor.My un�ppllM tunds�haU b�pdd to
<br /> '�:.n:':.P"'��` TfU�to►.
<br /> �• ��•4.F� 8, p�lprtn�na py LMd�►.Upon tha ocaurnncs of an Event of Oetaultheraundsr,or If any act Is faken or Ipal procsWlnO —
<br /> ���P09;`"�'���. �'� comm�csd whloh matsrlolly Nbab L�nd�r'�Int�rNt In th�Prop�rry,L�nd�r msy In Ib ow�df�cr�tlon,but without obllp�tlon ta do
<br /> %��^�f-+�--�-� � so,and wlthout notic�to or dNn�nd upon Truetor end without reloa�inp T�u�lor trom any oblipetion,do any act whl�h 7rutta hu
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<br /> ' '.,w,.;�;;��� ,, . , . �prMd but falta to do and may atw do any other act ft de�ms neceasary to protect the eecurlty hereoi.Tru�ta�h�11.Im I�to y ° -
<br /> ,��-=;:.:.�? ��°.�.•� upon demend th�retor by lenAsr,p�y to Lendar all co�b and expon�es Incurred and fums expended by LQndir in RonMCtlon with
<br /> ;��;�c.•�a:,a-�'�-` - th�exarcl�s dy L�r►der of th�lorspoinp riphu,topather with interest theroon at the ddault rste providsd in th�Nob1,whlch�h�ll b�
<br /> .� �,-�°�.'.``'..�' �dd�d to th�ind�bt�dnws Ncurod hueby. lw�der�h��l not incur any liabllily b�cauN ol anylhinp It may do or omit b do
<br /> ��,3r'�:;}.':���_a;�-'l� f�oundar.
<br /> ' 9. H�urdou�Mat�b.T�u�tor ehall keep tha Praperly in compllance with all appllcable lawa,ordl�ancea and rpuladon�
<br /> -- � � '�� relaUnp W IndueMal hypiene or environmental proteadon(collecUvely referred to herein a�"EnWronm9nt+il.�wA'�. Tru�tor�h+�ll
<br /> - � " ''"�"�t� keep the Properly Iree Irom all aub�tances deemad to be hazerdous or toxic under any Environmentel LawA(colleatNely nte►red to
<br /> '-'' '' hsreln a�"Hazardous M�terlale").Truetor hereby werrents and�eprasents to Lender that thore are no Hqierdaus M�qrl�ls on or
<br /> _- -._ -:•1r;,'�`�,�;'.._. under the Properly.Truetor he►eby eflreen to fndemnify and hold harmlBaY Lender,its directors,ofliaers.employees rnd rgonta,end _
<br /> any�uccesaora to Lender's Intereat,fram end agsinat any end all alefine,demege�,loaees and IlabUltisd arialnp in connectlon with
<br /> ,'�''�'•�. ..� �°":: � the preaence,use,diepoael or traneport ot any Hezerdoua Matarials on,under,lrom pr qbout ihe Property. THE FOREL301N0
<br /> �;� '�� �' � WAtiRANTIEB AND REPRESENTATIONS,AND TRUSTOR'8 OBUf3ATI0N8 PURSUANT TO THE FOREl301N(i INDEMNITY.SHALL
<br /> � 8URVIVE RECONVEYANCE OF THI3 OEED OF TRUST.
<br /> 10. 11ssIQnnNnt W R�nb.Trustor hereby aesigna fo Lender the renfs.I[asuea and profita of lhe Propery;providsd thet Truatar
<br /> '�' �� shall,unUl the occunence ol en Hvent of Default hereunder,have the right to cdlect and retafn such renta,Issues and proflta es they ___
<br /> "�.��� !' N`' '"�.�i�'" �� becoma due end a able.Upon the occurrence of en Event oi De(ault,Lender may,either in peroon or by e�ent,with or wlthout
<br /> •���+� ° .. .��.����� bMnping e�y aation or praceedinp,or by a receiver appointed by a court and wlthout repard to the adequacy of Ita securiy,sntor
<br /> � � upon end teke posaeaslan of Ihe Properly.ar any pan lhereol,in Ils own name or in the name ol the Trustae,and do any acb which it
<br /> ."_;�: �• • ::� deems necessery or dealreble to preserve the value,ma►ketebi8ty or rentoblliry of the Property,or any paR thereof or Interaat the�ein.
<br /> Increaae the income the�efrom or p�otect the aecurlty horeof and,with or without teklnp possession ol the P�ope►iy,�ua br or
<br />' „ ,`:���sy-�$; otherwise collect the rents,iasues and protlta ihereo},Including ihose past due and unpaid,and apply the seme,lea�costs and
<br /> ^" .. . expenaea of operetion end colleatlon Including atlorneys'lees,upon any Indebtedneas secured hereby,all in such order as Lender
<br /> • • may determine.The enteri�g upon and takin�poasession of the Properly,the collection of such renta,Issues and prolita and the
<br /> ' � eppllcetion thereol as aforeaefd,ahall not cure or walve any delault or notice o1 default hereunder or invalidate eny Act done In
<br /> ,•�,�._,:., .. .. � response to euch default or pursuent 10 euch notice of default and,notwithslandi np the continuance In poaaeubn olthe PropeAy or
<br /> ^ the collectlon,recefpt and applicatian ot rents,Issues or protita,and Trustee and Lender shalt be entitled W exercise every►lyht
<br /> provlded for in any of the Loan Instruments or by lew upon occurrence ot any Event of Delault Includiny without Ilmitetlon th�rfpht —
<br /> ' ='!'='�^-•-��-�{ -- to exercl�thw power of aale.FuNher,Lender's riphts and remedlea under thla paregraph shall be cumulatfve wHh,and In no way a
<br /> ` •• . ., �• Ilmitation an,Lender'a riphts and ramedles unde�any assiynment of leases anG renro reooroea apainp ti�e Propsriy.Lerxier,TruiWe _
<br /> �• ;�;�. .. and the recelver ahall be liable to account only lor those rente actually received. _
<br />' ,��` � �� 11. Evanb o1 D�fAUN.The following shell constltute an Event of Oefault under thls Deed of TrusC �--
<br /> � � " (a) Fallure to pay any Inatallment of principal or Interest ol any other aum secured hereby when due; __
<br /> '. . (b) A breach of or delault under any provlaion contalned in the Note,Mis Deed of Trust,any ot the Loan Instrurnenta,or�ny �„
<br /> other Iten or encumbrance upon the Property; _.
<br /> � (c) A writ of executlon or attachment or any afmiler process ehell be antered epainst T�uator wh�h shall become a Il�n on �
<br />� . the Property or any poAlon thereot or Interest therein; ��
<br /> � � • (d) There sh911 be tiled by or egainst Trustor or Borrower an action under any present or future lederal,stete or other �'
<br /> • � statute,lew or repuletion relatinp to bankruptcy,Insolvency or other relfel for debtors;or there shall be eppolMed any trustee,
<br /> � . • recelver or Ilquidetor of Truslor or Borrower or ol all or eny part of the Property,or the rents,isaues or proilts lhareol,or Trustor _
<br /> " o, Borrowe�shall make any genccaf asslgrtmc.^.!�or ihe benefit of creditora;
<br /> (e) The sale,transler, lease,assignment,conveyance or lurther encumbrance of all or any part ol or any interest In the �,,:.
<br /> � � Properly,elther volunterlly or involunte►ily,without the express written conaent of Lender;provided that Truator shell be �
<br /> . , permilted b execute a lease of the Properly thet doea not conieln en optfon to purchpse and the term of whlch doQa not exc�d R�
<br /> one year, !
<br /> � V ' (� Abendonment o1 the Properly;or i��
<br /> � � (�) II Truetor Is not an indiWcJual,the lesuance,sale,tranafer,asalynment,conveyanae or encumtxance ol mo►etha�a total
<br /> of percent ol pf a corporalion)Its Issued and outstanding stock or(if a partnership)e totel ot percent of �
<br /> pertnership Interesta during the period this Deed ol Trust remelns a Ilen on the Property.
<br /> 12, q�m�din;AccN�r�Uon Uqon Dsl�uit.ln ihe event oi any Event of Delault Lender may.without notice except as required by
<br /> �� � lew,declere all Indebtedneas aecured hereby to be due and payable end the eame shall Ihereupon become due end payable __
<br /> � without any presentment,demand,protest or notice ol any kfnd.ThereaRer Lender may: �,
<br /> (9) Demend thet Truefee exercise the POWER OF SALE granted hereln, and Trustee shall ihereaker cause Truetor's
<br /> • . � interest fn the Property to be sold and lhe proceeds to be d�atributed,all in the menner provided in the Nebraska Truet Deeds
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<br />' � , (b) Exercise any and all riqhta provfded for in any ot the Loan Instruments or by law upo�occurrence of any Event o1 �
<br /> Detaul�and �
<br /> (c) Commence an action to torecloae thfa Deed of Trust as a mortyaye,appoint a recelver,or speciflcally enforce any ot tAe
<br /> covenants hereot.
<br /> No remedy hereln conferred upon or reserved to Truatee or Lender is intended to be excluaive of any other remedy herein.�n the ,
<br /> Loan Instrumenta or by lew prvvldQd or permitted,but each ahall be cumulellve.shall be fn addflion to every other remedy given �
<br /> hereunder,ln ihe Loan Instruments or now or hereafter exist�ng at law or in eyu�ly ar by statute.antl may be exer�i9ed concurrently, �
<br /> • � •• Independently or succesaively. '
<br /> 13. T�u�iN.The Trustee may resign at any time w�thout cause,and Lender may at any time and w�thout cause appoint a :
<br /> succeseor or subst�tute Truatee.Trustee ahall not be liabte to any party,mcludin g wlthout Ifmitation Lende►,Borrower,Trustor or eny
<br /> purChaser of the Properly,for any loss or damege unless due to reckless or w�llful m�sconduct,and ahall not be requlred to take any ;
<br /> ectlon in connectlon with the enlorcement of this Deed of Trust unless indemn�lied,m wntfng,for all costa.compensatlon or
<br /> expen8es which may be assocfated therewith.In add�tion,Trustee may become a purchaser et any sale of the Property Qudlcfal or
<br /> under the power of sele g�anted herem):postpone the sale ol all or any portion of the Propery,as provided by law;or selt the ,
<br />. ._ •T_ �J.� .
<br /> - . - - PfOp9rly 8S 8 WnOie.or�n saparain Nui�d�b v���:�o. �.::S�6S'o...a:.:�::C::.
<br /> 14. FNS and Exp�nsN.In Ihe event Trustee sells the Property by exercise of power ol sele,Trustee ahall be endlled to apply
<br />� eny sale prxeeda liret to payment nl all costs and expenses of exerc�s�ng power ot saie,fncluding all Trustee's fees,and Lender's
<br /> and Trustee'a attorney's fees,actually incurred to extent porm�tted by appl�cable law.ln the event Borrower or Trustor exercfsea any
<br /> � �fpht provided by law to cure an Event of Defeult Lender shall be entitled to�ecover Irom 7rustor all costs and expenses aCtually
<br /> . • � Incurred es a result o1 Tru�tor's default, Includlny without Iim�tauon ail Trwlee's and attorney's fees,to the extent permitted by
<br /> appllceble law.
<br /> � -• � tb. FuIY►�AdvaneM.Upon request of Borro/ver, Lender may. al ila upf�on,�noKe addn�onai anti future aGvante8 ano ra•
<br /> advancea to Borrower.Such advances end readvances.wflh interest thereon,ahall be secured by thls Deed of Tr ust At no t�me shall
<br /> the prfnclpal amount of the�ndebtedness secured by thfs Deed of Truat,nQt�nelud�ng�ums aAvenced to protect the secunry of thla
<br /> ' Deed of T►usf.exceed the orlqmel principal amount stated her@�n,or S s �000 f0 wh�chever�s greater.
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