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<br /> a ' • ,� th�Prop�rty I�so t�k�n or dam�ped,Lender�h�ll h�ve th�option,In Ils wl�end�bwlub diarttlon,to�pply oll such ProcMds,
<br /> . '� "'".'�y•M�'' • '• �ft�r d�ductlnp th�nlrom all cods�nd exp�nt��Incurred by it In conn�ollon wlth�uch P�oce�d�,upon�ny IncNotadnou Nour�d
<br /> .,.• ,. -_'..� �, hereby and in such order a1 L�nd�r mey determin�,or to epply ell wch Prxead�,�fla wch d�ducQom,to lhs resWradon of th�
<br /> , � Prop�rly upan suah condiUons a�Lander may determine.Any applicition of Prac�sd�to IndabtsdnNS�hall not�xtand or po�tpone ,w y �
<br /> , ths due dvU of any p�ymenri undar tho Nqt�,or cure any dsl�ult th�raundor o�h�raund�r.Any un�ppll�d fund�shall b�Wld to ���y.° �
<br /> � ' TrwWr.
<br /> ' � 9. P�rforn���b�L�nd�r.Upon th�occurrence of an Event of Del�ult hereunder,or If any aat Is t�ken or lepol praceodlnp
<br /> . __.,�_ commenced which meterlelly atlecu Lender's intere�t fn the Property.Lender may 1�Ib own dfecreuon,but without obliqaUon W do -� �_
<br /> � , � so,and without notiae to o►dem�nd upon Truetor and without releaeinp T�ustor Irom any obl�patlon,do any act which Tru�tor has
<br /> • apreed but lalla to do and may elso do eny other act it deeme neceesary to protect the security hereof.Tru�tor ehall,immadlvWly
<br /> • upon demand therefor by Lender,pay to Lendar all coate and expeneea Incurred and aume expended by Lender fn connectlon with :.
<br /> � . , the exerClse by Lender of the foreyolnp�lyhta,together with fnterest thereon at the default rate provided in the Note,which ahall be „_..
<br />?:'� . � . added to lhi indebtodneu aecured hereby. Lender ihall not incur any Iiability baceuta of anythiny it may do or omit to do
<br /> • : � -. • � h�rounder.
<br /> � 9. M�=a►doW Mtl�Hal�.Trustor ahall keep the Property In compliance with all appllcable lewa,ordinances and repulaUons � —T_
<br /> . .. — __
<br /> . relatinp to induetrlel hy�lene or envkonmentet protecdon(cotlactively relerred lo hereln as"Environmental Lawa"1.Truator eha I _-
<br /> •• � keep the Property free Irom all subsfences deemed to be hazerdous or toxic under any Environmentel Lawa(collectfvely relerred to �_--
<br /> � � �-- hereln ae"Hezerdoue MAteriAle").Trustor hereby werrants and represents to Lender that there are no Hozardous Materlals on or
<br /> under the Property.Truetor hereby eprees to Indemnify and hold harmleas Lender,its tlirecrors,oHicers,wn�tuyeeb and apents,and - - --
<br /> " any aucceaaora to Lender'a interest Irom end apal�at any and all clefms,damapee,loeses and IlablliNes arislnp in connectlon with
<br /> • • the presence,use, disposal or tranepoA of any Hazardoua Meterials on,under,from or about ihe Property.THE FOHEOOINCi
<br /> ' WARRANTIES AND REPRESENTATIONS,AND TRUSTOR'3 OBU(3ATIONB PURSUANT TO THE FOREQOINO INDEMNITY,SHALL
<br /> SURVIVE RE�ONVEYPNCE OF THIS pEED OF TRUST.
<br /> 10. Aaipomrnt a.l�nh.T�..sto hereb� jsaigne lo Lender the rents,issues and protlts ol the Property;provider thal Ttuator _ _�.�_
<br /> ;.; shall,untll the occurrence of an Event of pelault hereunder,have the right to collect and retaln auch rents,lasuea and profita as Ihey _-
<br /> ���� � � • become due and payable.Upon the occurrence of an Event of Qelault,lender may,eHher In peraon or by ayant,wlih or without
<br /> '���' � �`�• ' bringing any actbn or proceeding,or by a recelver appolnted by a couA and wilhout regard to the adequacy ol Ila aecurlty,enter _
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<br /> � �;G,,•;,,�;��;f.,;.;i,,�,;,.` . ', upon and take poeseselon o1 the Prope►ty,or any par►thereol,In ita own neme or In the name ot the Trustee.and do any acts whlch it _
<br /> � � , , ., • deema neceseary o�deeirable to preaerve 1he value,marketebllity or rentabilily o1 the Property,or any paA thereot or IntereSt therein, �
<br /> � �� � increase the income lherelrom or protect the securiry horeol and,with or without taking poaeesslon ol the Property,sua�or or �`�^ �
<br /> � ^ �' , � othe►wiae coliect the reMa,iaeues and prollts thereof,Including those past due and unpaid,and apply the same,teas costs and �•!',;r _
<br /> expenaes ot operation and collectlon including attorneys'fees,upon any indebtedness secured hereby,ell in suph Order as Lender _
<br /> " may determine.The entering upon and taking possesalon of the Properly,the colleCtlon of such rents.Issues end prollts end the w
<br /> � eppl1cetion lhereof as aforesald,shall not cu�e or walve any default or notiCe ot default hereunder qr invalidate any acl done in �,•�._.
<br /> , responae to auch defeult or purauant to such nodce ot default and,notwithstending the continuance In posses8ion of the Property or �_�,-=
<br /> the collectlon,recefpt and epplicatlon of rents,iesues or prolits,and Tructee and l.ender ahall be entiUed to exerc�se every rlght _-
<br /> —T--— provided for In sny ef fnA i��n Inntrumenls or by lew upon occurrence ol any Event of Defeult.Includlny without Ilmitation the rlght ___��__
<br /> , , to exe►clse the power of aale.Fuhher,Lender's rlghta and remedlea under thls parayreph ahall be cumuleuve wun,and in no wey a
<br /> � Ilmdatfon on,Lender'e rights end remedles under any assipnment ol leasea and rents recorded apaMSt the PropeAy.Lender,Tro�toa �'�-�`�`�-`
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<br /> end the recelver ahall be Ileble to account only for those renta actually recefved. �`- �
<br /> 11. Ev�nts ol DMaull.The lollowln shall conatltute an Event ol Delault under thla Deed of Truat: n��+�=r"
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<br /> � '. (a) Fallure lo pay eny Inslallment ol pnncipal or�ntereal ol any other sum secured hereby when due, F .,# .
<br /> ° (b) A braech ol or default under any proviafon contamod in the Note,lhla Deed of Trus1,any ol the Loan Instrumenta,or any ����
<br /> othor IWn or encumbranee upon Ihe F'roperty; a--�..��._
<br /> (c) A wrd ol execution or unnchment or ony simtlar proceas ahall be en�ered ayainst Trustor which snall becomea lien on a���. .;�.
<br /> Ihe Property or any porlfon thereol or interest therefn; .. '
<br /> • (d) There shell be Illed by or aga�nst Trustor or Borrower a�aG�on under any present or fuWre federal,state or olher •••'�`:�, _
<br /> atetute,lew or repulotlon releting to bankruptcy,msolvency or other rellel br debtora;or there shall be appofnted any trustee, i —
<br /> • � recefve�or Ilqwdator of Trustor or Borrower or of all or any part of the Prope►ty.or the rents,�sauea or prolite Ihereof,a Truita ' t,'•�•�-
<br /> . •.�,:--
<br /> or Borrower ahall make any general asaignment lor ihe beneht of credltors; , .,
<br /> (e)The sale,tranafer,lease.esalgnment,conveyance or lurlher encumbrance of all or any part of or any interest in the �: ,.:.'•�'_
<br /> Property, efther voluntarily or irvoluntarlly, without the express wriqen consent ol Lender,provided ihat Trustor ahall be ( � • . _ _ _
<br /> permitted to oxecute a lease of the Property that doea not contem an opt�on to purchase and the term of which does not exceed �
<br /> one yeor; , --
<br /> (�Abandonmentof the Property;or ��{�
<br /> (9) II Truator Ia not an Indivldual,the issuence,sale,transler,assiynment,conveyance or encu mbrance of more then a total •
<br /> ol percent ol(fl a corporation)its issued and outstanding stock or��f a partnership�a total ol percent ol • ' ,�._
<br /> � partnerahip Interests during the poriod thls Oeed ol Trust remains a lien on the Property. � --: .
<br /> � � . 12. R�m�dNs;ACCN�r�llon Upon Dotault.In the event of any Event of Delaull Lender may,without nol�ce except as requlred by ••�^'
<br /> . law,declare all Indebtedness sacured heraby to be due and peyable and the same shall thereupon become due and payable ,
<br /> without any presentment,demend,protest or notlCe o1 any kmd Thereaker Lender may: �
<br /> (a) Demend thet Truatee exercise the POWER OF SALE granted here�n.and Trustee shall thereaRer cause Truator's
<br /> fntereat In the Property to be sald and the proceeds to be distnbuted,atl�n the manner provi�7ed in the Nebreska Trust Oeedt
<br /> Act; ,
<br /> (b) Exerclse any and all rights prov�ded 1or�n any ol Ihe Loan I�struments or by law upon oceurrence ol any Event of
<br /> ' Delault:and
<br /> � (c) CommenCe an actlon to foreclose this Deed of Trust es a mortgage,appomt a receiver,or specdlcally enforce any ol the
<br /> covenents hereof.
<br /> No remedy herein conterred upon or reserved to 7rustee or Lender�s intended to be excluswe ol any olher remedy hereln,fn the �
<br /> ' LOen Instruments or by lew prov�ded or perm�tted.but each shali be cumuli�t�vQ.shell be���add�t�on to every other remedy glven
<br /> hereunder,m the Loan Instruments or now or herec�tter ex�sting at law or in e�wly nr by stetute,and may be axerC�sed concurrdntly.
<br /> ' Independently or succesawely
<br /> 13. Tru�tN.The Trustee may res�gn at any t�me without caus�.and Lendor may at any time antl w�thout c:ause appoint a
<br /> � suCCee8or or substftute Trustee.Trustee shall not be I�able to any party,includ�ng without I�mitation Lender.Borrower.Trustor or any
<br /> purchaser ol the Property.for any loss or damage unless due lo reckless or wdllui m�sconduct,nnd shall not be reqwred to tnke any
<br /> actlon In conneCtfon wlth the enlorcement of th�s Deed ot Trust unless mdemn�l�ed. �n wnting,lor all costs.compensat�on a
<br /> _ f expenaes whlCh may be associated therew�tn.ln addit�on.Trustee may become a purchaser at any sele of the Property Qudic�al or •
<br />. .....�..... ..l u...D.nnudu nn nrn���iwr1 hv law�nr A011 1hB
<br /> _. . . untler Ine power oi�aie granied iinra���j.p�6ipJ��a i7ie 5n�o 'v�a'�'vT a��r......... ......... .-r-' . -- ^ - --- •
<br /> Property as a whole.or m separate parcels or lots at Trustee's discret�on.
<br /> 14. FN�and Exp�ml�.In the event Trustee sells the Properry by exercise ol power of sale.Trustee shatl be antitled to epply
<br /> any sale proceeds Ilrst to payment o1 all costs and expenses ot exerciy�ng power ot sale,mclud�ng all Trustee's fees,and Lender's
<br /> and Trustee's attorney's fees,actually mCUrred to extent permitled by applicable law.In ihe event Borrower or Truator exercises any
<br /> rlght provlded by law to cure an Event of Detault,Lender shall be ent�tled to recover from Trustor alI coats and expenses actually
<br /> InCUrred as a result of Trustor's default. inCluding w�thout limltatloh nll Trustee's and nttorney'e�ees,to the extent permftled by
<br /> • eppliCeble Inw.
<br /> . 15. Fulur�Advonc�t. Upon request ol Borrower, Lender may, at�ts optfon, make addltional and future advances and re•
<br /> advances to Borrower.Such advencea and readvances,with Interest thereon,shall be seCUred by this Deed of Trust-At notlrne shall
<br /> . the princfpal amount of the Indebtedness secured by thls Deed of Trust,n�/�c��ms edvanced to protect the secw�ty ot th�s
<br /> � Deed ol Truat,exceed the orlgfnal prfncfpal amount stated herein,or$__ ' .whichever la greater.
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