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201100260
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Last modified
1/13/2011 2:15:19 PM
Creation date
1/13/2011 2:15:16 PM
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DEEDS
Inst Number
201100260
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201]OQ260 <br />(e) Lender shall be pravided with written notice of all Transfers undcr this S�ction <br />21, whether or nat such Transfers are permitted under Section 21(b) or approved by Lender under <br />Section 21(c), no later than 10 days prior to the date of the Transfer." <br />22. �VENTS UF DEFAULT. <br />The occurrencc of any one or mare af the following shall constitute an Event af Default <br />under this Instrument: <br />(a) any failure by Borrawer to pay or deposit wh�n due any amount required by the <br />Note, this Instrument ar any ather Loan Document; <br />(b) any failure by Barrower to maintain the insurance coverage required by Section 19; <br />(c) an,y failure by Barrower to camply with the provisions of Section 33; <br />(d) fraud or mat�rial misrepresentatian or material amission by Barrawer, or any of its <br />officers, directors, tnxstees, general partners or managers, Key Principal or any guarantor in <br />connection with (A) ihe applicaiion for or creativn of the Indebtedness, (B) any financial statement, <br />rent roll, or other repnrt or infarmatian provided to Lender during the term of the Indebtedness, or <br />(C) any request for Lender's cansent to any proposed actian, including a request for disbursement af <br />funds under any Collateral Agreement; <br />(e) any (i) Event of Default under Section 21 and/or (ii) occunrenc� of a Bankruptcy <br />Event; <br />(#) the commencement of a forfeiture action or proceeding, whether civil or cnminal, <br />which, in Lend�r's reasonable judgment, cauld result in a forfeitur� of the Martgaged Properiy or <br />otherwise materially impair the lien cr�ated by this Instrument or Lender's interest in the Martgaged <br />Property; <br />(g) any f�ilur� by Banawer ta perfarm any vf its obligatinns under this Instrument <br />(other than thase specified in Sectians 22(a) thraugh (�), as and when required, which continues for <br />a period of 30 days af��r notice of such failure by Lender to Borrower, but no such notice or grace <br />period shall apply in the case of any such failure which cauld, in .Lendsr's judgrra�nt, abscnt <br />immediate exercise by I.ender of a right or remedy under this Instrument, result in harm to Lend�r, <br />irnpairrnent af the Note or this Instrument or any ather security given under any other Loan <br />Uacument; <br />(h) any failure by Borrower to perform any of its obligations as and when required <br />under any Loan Document ather than this Instrument which continues beyond the applicable cure <br />periad, if any, specified in that Lo�n Dncument; and <br />�"ANNI� MA� MU�TI�'AMi�Y S�CURYTY rNSTRUMENT - Form 4028 O6/09 Page 31 <br />NEBRASKA <br />d� 1997-2009 i'annie Mac <br />
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