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<br /> ;_��--,. .�.,�*._ th�P►op�rty I��o tak�n or d�m�p�d,LMMr�h�ll hw�Ih�optlan,fn its tot��nd�bsoluq dl�cntlon.lo�ppl�dl wch ProcMd�, ��
<br /> - _-==����=n-�+.. dur d�duaUnp 1hKNram NI coiu�nd�xp�nas Incurr�d by It in connrction wlth wah ProcMd�,upon my Ind�bt�dnMS Naund
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<br /> T�;'"�*::.. ' `::.,, h�nby�nd In�uCh ordar��L�nd�r m�y d�t�rmin�,or to apply�II euch ProcMd��Nbr�uah dWuctlon�,to th�nntontlon
<br /> '� ' "•^�'�•���° Prop�Ay upon wch condltlon�a�Lendn m�y d�t�rmin�.Any appl��tlon ol P►oc�to�nd�bbdn�shNl nol�KtNid a poltpoM
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<br /> Ih�du�d�b of�ny paym�nta und�r Ih�Not�,or cu���ny d�l�ull th�nund�r or h�r�und�r.Any unappll�d lunds�hall b� to
<br /> � �,;�;:,�ya.•r:,;;;.�.,..�a , Trwtot
<br /> •...,= t. .� ' B.P�tlan�na�by L�nd�r.Upon th�occurnncs ol an Ev�nt o1 ON�ult h�reund�r,or il ony act I�I�k�n or Ipol procNdlnp
<br /> °-L �°-�`�•='. commenced whlch meterielly ellecte Lender'e Intarest In tho Prop�►ry,L�nder m�y In Ib own discrepon,but wlthout obllp�tion to do �� ^��
<br /> �+t_�-���•.-!�},;�•-.-. �p,�nd without nopce to or d�m�nd upon Trurtor�nd wlthout rrlwsinp Trustor from any oblipapon,do any�ct whlch Tru�OOr hu
<br /> :,, � �grNd but hlls to do and may also do any othor oat d deema neces�ary to proteot tho wcuriq hereof.T�uitor�h�ll,Imm�di�Uly
<br /> �°=:r;;s,,;ra:x� �, upon demend tharafor by Lender,pay to Lendar all coets and expentes Incurred end sum�expended by Lenda In conn�ctlon wifh
<br /> . �,� ; the sxercise by Lmder of the forepolnp riphu,topether with Intereat thereon atthe dafault raW provlded In th�Not�,which�h�ll bo
<br /> � . ���,... added lo Uw ind�btadnau sacured heraby. Londor ehell not incur any Iia611ity becou�e of anythinp ft may do or omlt to do
<br />:�. . honunder.
<br /> r�r_� ° 9.Nasudou�Mat�►IM�.Trustor shell keep the Property fn compliance with ell appllcable lawa,ordfnnncee end re�uledons ,_—__
<br /> f',,�� � �� reletl�p to indusVial hyyfene or environmentel proteclfon(collectively reterred to herein ea"Envfronmental Lawa'1•Truetar shall -
<br /> � keep the Rroperty h�e irom all aubstances deemed to be ha:ardau�or toxlc under eny EnvironmenWl Laws(collactively relorred to
<br /> � •• herei�as"Hazardous Materiale'7•Trustar hereby warrente end rep�esenu to Lender thal there are na Hazerdou�Meterial�o�or
<br /> under the Properly.Trustor hereby ap�ees to Indemnify and hold hermless Lender,Its directors,oflicers,employees end apenq,and
<br />'� „ , o � eny succeseora to Lender'e i�tereat,from and ayelnat any and all clalms,domagee,lossea end Ilpbilitiea erislnp In connectlon wlth
<br /> • the presence, uee,dfsposel or transpoR ol any Hezardoua Meterials on,under,from or ebout the Property. THE FOREOOIN(i
<br /> :�� ' � " '" � WARRANTIES AND REPRESENTATIONS,AND TRU3TOR'S 08LH3ATIONB PURSUANT TO THE FORE(301NO INOEMDNTY,SHALL
<br /> _ . ; . . SURVNE RECONVEYANCB OF THI3 OEED OF TRU3T.
<br /> 10. AnloomNfl oi Rmt�.Trustor hereby aselgns to Lender lhe rente,l4sues and profits af the Property;provided that Trustw
<br /> ahell.untll the occurrence of an Event ol Delault hereunder,heve ihe riyht to collect end retain euch rents,Issues end profits as they
<br /> " • � .. - become due and peyable.Upon the occurrence of an Event of Defeult.Lender mey, ellher in peraon ar by apent,wilh or without
<br /> � bringfng any acUon or proceeding,or by a receiver appointed by a court and without regard to the adequacy of ite securiry,enter .�_
<br /> , upon and teke possession oi ihe P�operty,or any part thereol,In its own name or In the name oi Ihe Trustee,and do any acts whfch it -
<br /> ' deema neceseary or desirable to preserve the value,marketablllty or rentebllity of the Property,or any part thereof or InterQSt therefn,
<br /> � '�., ,., increase the income therefrom or protect the securily horeof and,wilh or withoul taking poeseaslon of!he Property,sue for or �p�;_,;,,..__
<br /> � �� othe►wise collect the rente,iaeuea and profita thereol,Including those past due and unpaid,and apply the same,less coats end
<br /> ' expenees ol operatlon and collectfon including attorneys'1eea,upon any indebtedness secured hereby,all in auch o�der ea Lender
<br /> , . • may determine.The entering upon and taking posseaslon af the Property,the collectlon of such rents,lasues and prollts and the �_ _
<br /> � . • applicallon thereof as afaeseid,ahall not cure or waive any default or notice of detaull hereunder or InvaAdate any act done In -
<br /> ,,.,,., response to suCh defeult a purauant to such notice of deiault and,notwfthstandin9 the condnuance In posseasion o1 the Properly or
<br /> the collectlon,recelpt and appllcation of rents,leauos or proNts,and Trustee and Lender ahall be endtled to exerciae every riqht .-:---
<br /> -- --- pravldad!or fn any o!the Loan ln9lrumente o�hy lew upo�occurrence of eny EveM of Detauh,lncludiny without Ilmitalbn the right ',�`;�"�'""'! _
<br /> D6
<br /> to exerclee the power ot a91e.Funher,Lender's rights and remedies under thfa pareyraph ahall be cumulative wllh,and in no way a r .�
<br /> limitallon on,l.ender's righis and remedles under eny assignment o1 leases and rents recorded ayaintt the Property.Lender,Truatee ��-`j=-= ���
<br /> .. � and the raceiver shall be Ilable to account only for those rents actually received. �=?-°-_'�_'=-
<br /> • 11. Ev�nb M ONault.The following shall constflute an Event of Deleult under this Deed ot Trust +*.�.�+�r •-- _
<br /> . � � "" . —_
<br /> (a)Fallure to pay any installment of principal or interest ol any other sum secured hereby when due; �m;
<br /> - ' (b)A breach of or default under any provlsion conteined fn the Note,thia Deed ot Truat,any ol the Loan Instrumento,or any �. �. : �r;
<br /> � � ather Ilen orencumbrence upon the Property; �il�,
<br /> , ��-
<br /> i • •� (c)A writ ol executfon or attachment or any similar process shalt be entered egainst Trustor which ahall become a Ifen on �j,►+�.�;'•�
<br /> , the Property or any porifon thereol or Interest therein; �� —_
<br /> ' ' (d)There shall be Illed by or agalnst Trustor or Borrower an action under any present or future lederal,alete or other r '� '
<br /> atetute,law or regulatlon relating to bankruptcy,inaolvency or other relief for debtors;or there shall be appolnted any Irustee, � •--
<br /> ' � recelver or Ilquidator o1 Trustor or Borrower or ol ell or any pert ol the Property,or the rents,fssues or profits lhereol,or Trustor � •
<br /> ", or Borrower ahall meke any general asslgnment lor the beneht of creditors: �
<br /> ' (e)The sale,lransfer,lease,assignment conveyance or fuAher encumbrance of all or any part ol or eny interest in Ihe ,
<br /> ,. PropeAy, ellher voluntarily or Involuntarily,wfthout the expregs wntlen consent of Lender;provlded thet Truetor ehall be
<br /> permlQed to execute a lease o11he Property that doea not cOnt9ln an option to pu rcheae and the term of which doe�not exceed I --;_
<br /> �:
<br /> ,. ane year: �.
<br /> - (f)AbandonmeM of the Property;or .
<br /> „ . (y)If Truetor Is not an indlvldual,the issuence,sale,transfer,asaignrnent,conveyence or encumbranceof mwethen a totel .
<br /> ' ot percentof(If a corporatlon)its�ssued and outstanding stock or�d a partnersh�p)a total of perCent ot �..: _ ..,:,y.;--�_
<br /> � . partnership Inlerests during the period this Deed of Trust remalns a�ien on the Property. ••• ��� -' �
<br /> - 12. RNn�dbs;Acc�NraUon Upon DNaull.In�he event ot any Event ot Default Lender may,without not�ce except as requfred by ? � .�,;���
<br /> law,declaro all fndebtedness secured hereby to be=dUe and pa�i�ble and Ihe same shall thereupon become due and payable : . ,� �:•�'' �' �.:.,
<br /> wilhout any presentment,demand,protest or notice ol any kmd.Thereatter Lender mey. ,
<br /> �U, (a) Oemend that Trustea exerclae the POWER OF SALE granted herefn, and Trustee shall thereafter cause Trusta's
<br /> Intereat in the Property to be sold and the proceeds lo be distrlbuted,all fn the rnanner prov�ded In the Nebraska Tru9t Deeds
<br /> ACt: � ' �
<br /> (b) Exercfse any and all riphts provided tor�n any of Ihe Loan Instruments or by law upon occurrence of any Event of
<br /> Detault and
<br /> , (c) Commence an acllon to foreclose this Deed of Trust as a mortgaye,appomt a recewe►.or specit�cally enforce any of the
<br /> • cOVenents hereof.
<br /> No remedy hereln conferred upon or reserved to trustee or Lender�s intended to be excluswe of any other remedy hereln,in Ihe •
<br /> Loan Instruments or by iaw provided or permitted.but each shall be cumulative.shall be In addltlon lo every other remedy glven
<br /> hereunder,�n the Loan Inatruments or now or hereafter ex�sang at�aw or�n Qawty o�by stawte,and mAy be exerased concurrently.
<br /> ' ' Independendy or succesawely.
<br /> 13. TrustN.The Trustee may res�gn ut any time wdhout cause. and lender rnay at any hme and w�thout cause appcmt a
<br /> succesaor or substftute Trustee.Truatae sha�l nc,t be I�ab1e to any party.inciuding w�thout I�mitallon Lender,Borrower,Trustor or any
<br /> pu�chaser ot the Property,for any loss or damage unless due to reckless or wdllul m�sconduct,and shall not be required to lake eny
<br /> actlon in conneclfon wdh the enlorcement ot th�s Deed ol Trust unless ��demmfie�d.�n wnti�g,lor all costs, compensation or
<br /> expen8e8 whiCh mey be essoCieted Iherewilh.In addrt�on.Trustee may become a purCheser at any sale�I the Prope�ty�ud�cial or •
<br /> _ "_ ..w.,.a w.. �� ...,u�hn
<br /> '— under th6 power oT sele grante0 nerein�,poa�pone�ne saia v�aii v� uuy No�i�����,:i`e .,a�,:..:i.�s;.��:.....--, .-... -� --•�° -
<br /> Proparty as a whole,or m 39parate parcels or iptg nt Truslee's d�scretion
<br /> �4. FN�and Erp�nto�.In the eve�t Tiu�tee sellg the Property by exerClse ol power of sele,Trustee shn11 be c�nlitled to apply
<br /> any sale proceeds lirst to payment ol all costs nnd�apensea ol exerc�sing power of sele.�nclud�ng a11 Trustee's lees.and Le�der's
<br /> and Trustee'S adorney's lees,actually incurred to extent perm�qed by appl�cable law In Ine event Borrower or Trustor exeruses any
<br /> rlphl provlded by law to cure an Event of Default.Lender shall be entrtled to recover Irom Trustor all costa and expenses actually
<br /> IIncurred as e result ot T•uet�r•y dnla��lt mclud�ng w�thout I�mdation all Trustee's end attorney's lees.to Ihe extent permitled by
<br /> i eppWCable law.
<br /> 15. Futun AdwncM. Upon request ot Borrower, lender m�y,at ds option, make additfonal and fulure advencea and re-
<br /> edvances to Borrower.Such advances and readvances,wdh inlerest thereo�.shall be seCUred by Ihls Deed o(Trust.At no ume shall
<br /> the prinClpal amount of the Indebtednesa secured by th�s De�d ol7rust,no3��c���ms Advanced to protect the Sec unty ol Ih�s
<br /> ' Deed of TrusR exceed the orlglnel princfpal amount stated nerein,or$ wh�chever is greater.
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