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<br /> th�Prop�►ry I�w uk�n or dam�p�d,L�nda�h�ll h�w th�optlon,In Its at��nd�bwlut�diwntlon,to�pply NI such ProcNd�,
<br /> - Nhr d�duadnp 1h�r�Uom�II co�u�nd�Rp�nN�Incurr�d by It In conn�cllan wlth�uch Pra�,upon�ny In�Nbt�dnn�acund
<br /> ��� heeby�nd In�uah otd�r��L�ndu may d�t�rmin�,or to�pply all woh ProcNd�,dtN�uch d�duction�,W lh�rhWr�tlon ol tMN
<br /> °�� �' Prup�rty upon such condlporn n L�nd�r may d�brmin�.Any�ppllc�tlon al PrxNd�ro Indk�bdnh��h�ll nat�xt�nd o►patpon�
<br /> �;`.;,�;� th�du�d�t�of�ny p�ym�nH und�r th�Not�,or cun any dN�ult th�round�r or h�nun0�r.Any unappll�d lund�thall b�pald to
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<br /> '�"4�`�`�=•�=• B. P�rMnn�net by L�ndv.Upon the occurrsnca of an Ev�nt ol Delwlt hw��undK,or If eny act�s tak�n ur lepd procMdlnp
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<br /> ����,���`�_ comm�nced whloh m�terially atleaq Lond�r'�intereil In Ihe PropsAy,Lender m�y�n�b own dlscrullon,bul wlthout obll�aQon to o c - °
<br /> --,-.�,�,:u z x.,•_�r::— to,and withput nodce to a dem�nd upon Tru�tor and wlthout rul�u�inp Trwtor trom any oblip�tlon,do any ecl whfch T�u�to�hq
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<br /> { ,{ apreed but lalle to do and may slso do any other aat it doem�nece��ary lo prptect tho securily hereof.Tru�tor shall,imm�di�to y
<br /> ��:�r:. : upon demand theretor by Lender,pay to Lender all costs and expenae�incurred and aums expended by Londer In connecdon with
<br /> -----n,*,1�,,,,�,i -= the exeralse by Lender o1 the foregoing rlphts,to�ether wllh Intereel the►eon at the delault rale provfded in the Note,whlch�hall bn
<br /> ���_;,,,; edded to the Indebtadnea sacured hareby. Lender shell not incur eny da6fliry beau�e ol anythinp It may do or omH to do
<br /> �.,,:�,.:_.r:_....: :� ' hareunder.
<br /> 9. Hu�rdous M�t�d�ls.Truator ehall keep the Property in complienc�wlth ati applicable lawa,ordlnenees end regulatlone -
<br /> R�'�'�� . relapnp to Industrlal hyyfene or environmantal proter,tion(collectively referrnd to hereln as"Environmental Le�vs").Truetor ahall -
<br /> ���"�"'E''' ° keep the?roperty irou trom sl!aubetances dAemed to be hazardous or toxic under eny Envlronmentel Lewa(collectivaly relerred to `
<br /> ��''"�=��''�'''°��+�-• hereln�a"Hazardoua Materials"►.Trustor hereby warrants and represenis to Lender Ihat tndre are no Ha�terdoua Materlats on ar
<br /> `'��°�""�"'?"� �� under the Property.Trustor hereby aprees to Indemniry and hold hermlesa Lende�Jts directors,oHfcFrs,employees and a�anta,end
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<br /> �_h;,;A��;�,,.e'���f,�.`� any successora to Londer's interest,from and ayainst any and all clalms,damagea,losaea end IIablUtles arisl�p In con�ectlon with
<br /> �. �'° ..,,,;��„ the presence,use, disposal c+r tranaport of any Hazardous Materials on, under,lrom or about the Properry.THE FORE(iOIN(i
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<br /> ��;��;y�;..�;��a�,r•__•_ WARRANTIES A(VD REFRESENTATIONS,AND TRUSTOR'S OBLI(iATIONS PURSUANT TO THE FGRE(301NCi INDEMNITY, H L
<br /> ��� ���"��"'�"� ��' SURVIVE RFCONVEYr1NCE OF THIS OEED OF TRUST. —
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<br />--=° • ���'•••+ ��� 10.Asslpamant ot R�nb.Trustor hereby aseigns to Lender the rents,issue4 and protits af►he Properry:provided that Trusror
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<br /> � ;. ���;';:.�� • shall,unHl the occurrence ot an EveM ot Detault hereunde�,have the ri�ht to collect and retaln such renris,isauea and prufite as they
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<br /> become due and payable.Upon the occur�ence of an Event of Default.Lender may,either in pa►son or by agen�wlth or wi ou
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<br /> ,:,.;'•::.:. brloging any aCtion or prxeedin�,or by a�ecelver appointed by a oourt and without regard to the adequacy o}its sacuriry enter
<br /> � •��`��'`���� � � upon and take posaeesion ot the Property,ar a�y part thereot,in Na own name or in the name of the T►uatee,and do any acts which:t
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<br /> deems nacossarv or deslrable to preserve the value,marketablllty or renladllily of the Property,or any paA Ihereol or Intereat lherein, �_
<br /> ,_�� •• „ .•'•� " �`'• Increase the Income tharelrom or protect tha aecurNy horeof and,with or �vlthout taking posseasion o1 the Properly,aue tor or r
<br /> =:��i�' � � .�.��'�c'•� otherwlse collect the rents,isaues and pro111s thereof,fncluding thoae past due and unpald,snd aRP�Y�he seme,less costs and _
<br /> � ���'� �` ����� expenses of ope�ation and colleotion including attornays'fees,upon any mdebtedness secured hereDy,ell In such order ae Lender ��
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<br />_�:� _i`�';`i1,4�• � may determl�e,The eMering upon and takfny posseasion of the Praperry,the callectlon of such renta,Isauea and protita and the
<br />�,.. �,���;�; applicetlon thereof as aforesaid,shall not cure or waive any default o�notice ol defeult hereunder or invalidete any act done in
<br /> _�;°,,, • response to euch detault or pureuant to s�ach natice o1 delault and.notwilhatanding the continuance in possesslon of the Property or
<br /> � ""s `� `'_ , ths collaction,reeelpt snd eppllr$i��n ef reMa:isauea or Qrolita.and T�ustee and Lender shall be eMitled to exerclse every rlyM
<br />?���; provlded(or In any of the Loan Instruments or by law upon occurrerx:e oi any Event of Detault,Including wltnout umuation tne riyhi �
<br /> ' ' W exarclse the power of sele.Further,Lender's rights and remedies under thla paragraph ahall be cumulative wlth,and In no way a ���.
<br /> _ , IimlteUon on,Lender's rlghts and remedles under any asalgnment of leases and rents recorded eyalnat the Property.Lender,T�uste6
<br /> and the recelver ahall be Ilable to account only for those rents actually recelved.
<br /> 11. Hv�nb ol ONault.The following shal!constltute an Event of Delault undar thls Oeed of Trust —
<br /> � (a) Fallure to pay any Instellment of princlpal or fnterest ot any other sum secured hereby when due;
<br /> . •• (i�) A breach of or deleult under any provislon contalned In the Note,this Deed of frust,any of the loan Instrument4,or any __
<br /> � �+ �% " • othar Ilen or encumbrance upon the Pr�perty; P=,�:-�.-�%-:�
<br /> � 6 (c)A wrlt ol ex9cutlon or attachmeM or arry slmHar process shau be entered epainat Trustor which shaU beeome a lien on �-
<br />- . � , tho Property Or eny portfon thereof or fntereet thereln; �'_�.""'°
<br /> (d) The�e ehall be IUed by or agalnst Trustor or Borrower an action under any present or tuture tederal,state or other ��,_._
<br /> atetute,law or reguletlon relating to bankruptcy,�nsolvency or other reliet for debtora;or there shall be appofnted any trustee, ^�^-y�
<br /> ' '� recefver or IfqWdator of Trustor or Borrower or al all or any part of the Property.o�tne rents,Issues or profih thereof,or Truator `'��"
<br /> ° ' or Borrower Bhall make any g�nernl aasfgnment for the benel�t of creddors; f r an Intereat In the
<br /> (e)The sele,trensfer,lease,assignment,conveyance or further encumbrance ol all or any paA o o y �
<br /> � . Properry, either voluntarlly or Involuntarfly, wlthout the expresa •rr►rtten consent of Lender: provided thet Truetor shall be 1
<br /> . permitted to executo a lease of the Properly that doea not contem an optlon to purchase and the term of whlch doea not exceed --;��,,, _
<br /> � . �' ono year, "
<br /> . (q Abandonment of the Property:or ; . _��
<br /> , (y) If Trustor fs not an fndlvldua�.the fssuance.sele.transfer,assiynment,conveyance or encumbrance of more tl�en a total -_-
<br /> �..:c:...-:.;
<br /> i s ol perCent of(if a corporat�on)ds�ssued and outstanding stock or(�f a partnership►a total of percent ol �
<br /> . � � ,� `� pertnership Interests during the perfod this Deed ot Trust remaina a hen on the Property. ��f�,;:.�r-
<br /> 12. p�n�edlN;AccN�raUon Upon DNault.ln the event of any Event ol l�elaull Lender may.wrthout noUCe except as required by
<br />• '� - ��b law,declare all Indebtedness secured hereby to be due and payablo and the same sha11 thereupon become due and peyable r.�.-�:..
<br /> wlthout eny preaentment,demand,protest ar notice of nny kfnd.Thereaker Lender ma�. ����:�""
<br /> (a) Demand that Trustee exercise the POWER OF SALE granted herein, end Trustee shall thereatter cause Trustor's ����%�.:'�
<br /> � � Interest In the Property to be sold and the proceeds to be distnbuted.all in the menner pruvided fn the Nebraska Trust Deeds
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<br /> . (b) Exercise any and a:i nghts prowded for in any of the Loan Instruments or by law upon ocCUrre�ce ol any Event ol
<br /> , �� • . �. Defeuik and �
<br /> ' (c) Commence en actfon to toreclose th�s Deed of Trust as a mo�tgage.appo�nt a recener.or speaffcally enforce eny of Ihe
<br /> " covenants hereof. '
<br /> No remedy herein conferred upon or reserved to Trustee or Lender�s mtendad tv be exclusrve o�any olher remedy here�n,in the
<br /> loan Instrumenta or by law provided or permdted.but each sha�i be cum��iat�ve.shau be m add�t�on tc every other rQmedy given
<br /> � hereunder,m the Loan Instruments or now or hereaRer exiatfng at law or�n equ�ry or by stalute,and may be exerased concurrently.
<br /> i independently or e;ucceasively.
<br /> ` . 13. T►wtN.The Trustee may res�gn ot any time wrthout cause. and LPnder may at any tir��e and wrthout cauae appoint a
<br /> �• successor or suhstdute Tr�stee.Trustee ahall not be Ifable to any parry.mcludmg w�thout Iim�taUOn Lender,�orrowar.'ruator or any
<br /> purCheser of the P►ope►ry.for any loss or damage unless duo to reckless or w�llful m�sconduct.and shall not be reqwred Io take any
<br /> action fn connection w�th the enlorcement ot th�s Deed u1 Trust unlass mdemnii�ed. m wntmg,for ail costs.compensation or
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<br /> � expenses whlch may be asaociated therewith.In add�t�on,Trustee mny o9COme a purcnaser ai any,nin v7 i��a��:,Mo�:r u��������'
<br /> �� � under the power ol sale granted herein�:postpone the sale of all o► anv portion ol lhe Property,as prov�ded by luw:or sell Ihe
<br /> � Properly as a w�ole, o�m separate parcels or lots at Tr�stee s discretion.
<br /> 14. FNS ond Exp�nsh.In the event Trustee sells the Prope�ty by exercise of power of sale.Tru�tee sha11 be enirtled to apply
<br /> any sale proceeds tirst to payment of all costs and expenaes of exercising power of sale,�ncludfng a�l Trustea's fees,and Lender's
<br /> and Trustee's attorney's fees,actualiy incurred to extent pdrm�tted by applfcable iaw In tho event Borrower or Trustor exerc�ses any
<br /> rlght provfded by law to cure an Event of Oelault.Lender sha�l be entNlod to recov�r tram Trvstor al1 costs and expenses actually
<br /> Incurred as a result ol Trustor's default, including wrtnout limitanon all Truatdes and atlorney's fees,to the uxtent perm�tted by
<br /> ' appllCable law.
<br /> " 15. Futun Advanch. Upon request of Borrower.Lender may, at its opt�on, make additionnl bnd�uture advences and re-
<br /> � advances to Borrower.Such advances and readvances.w�th�nterest thereon.shell be secured by tl�is Deed ot Trust.At�o t�me shall
<br /> .. the princlpal amount of the mdebtedness secured by tnis Deed of Trust,nnt ncluding surrs advanced to protect the secw�ty ol tn�s
<br /> , Deed of Truat,exceed the orlgfnal princfpal amaunt steted here�n,or 5 �' whlchever iagreatar.
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