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<br /> 7. Emin�nt eom�ln.Lendor le horeby noalpnod all compononclon,n�varda,damapo�:nnd othor pUymontn or rollol(horolnMtnr �'
<br /> "Proceeds")in connoctlon with condomnatlon or othcr Lal:Inp of Iho Properly or part theroot,or for conveyance In Ileu o1 cvndamna• �
<br /> tlon.Lender ehall be entltled at Ite optlon to commence,appear In and proaecute In Ite own name any actlon ar proceedlnpe,and
<br /> �. shall alao be entitled to meke any compromlae or eettlement In Connectlnn with euch takln�or dar+nup�.In the eee etu h Pf ciee�l� �
<br /> ti�e Property la so Iaken or damayed,Lender ehe�ll have the nptlon,In Ite eole end absolute diecretlon,to app y �
<br /> `• • � I�e e yandtln such otrder ae Lender�mey dotermino,or�o apply/�euoh Pro e'ede,eftePsuch deduclonan to the�►o6toratlon o1 the _
<br /> , -� P►operty upon auch conditions ae Lender r�ay detarmino.Any appllcatlon ot Procc�do to IndcbtQ�lne�s ehall not extend ar post�one �
<br /> the due dnta of any paymente under the Nate,or oure nny delaul!thereunder or herounder.Any unepplled funda el�ell b�pald to
<br /> ?�' � Truator. ' _�
<br /> B, p�tonnenc�by L�nda.tlpon the occurrence o1 sn Event o}De9nuH hereunder,or H any ect le teken or legal proCSedlnp
<br /> commenoed whlch mnterlelly eHeats Lender'e Intereet In the Properry,Lender may in Ite own dleoration,but without oblipatlon!o do
<br /> .��? so,end wlthout notice to or demend upon Truetor and wlthout releaeinp Trustor from eny obllpation,do any eut whlah Tre�tor hn
<br /> - � ayreed but fella to do end mey aiso do any other aat It deeme neceenery to protect the Becurity hereof.Truator ehnli,ImmodlatAfy —
<br /> upon demand theretor by Londer,psy to Lender all coats and expe�sea Inourred and aume expended by Lender In conneollon�Ith �
<br /> {. dded tol he Indebtedneaa sacu�ed hereby.�Lende�ehall notlncuhany Ilebli�dbetceutnatol nyth�npnthmey�do or'omlthto'do _
<br /> � hereunder. -
<br /> „ g, Heurdow M�NriaN.T'rustdr thall keep the Property In cAmplimce witt�all npptloebla Iewe,ordlnAnceo and repulatione �
<br /> �elstinp to Induatrial hyplene or envlronmsntel protxtion(collectiwly reterred to hereln et"Environmental(.awe"�.Trultor shdl W
<br /> �,,, keep the Prupertytree irom all eubatancos deemed to bo hezardoue or toxic under eny Envlronmantel Lawe(aoll�atluety referred to _
<br /> ;t�� heraln ae"Hezerdoua iv7eiotlsis").Tru�tor hereby warranta and repreaenta to Lender that there are no Hazerdoue Materids on or c
<br /> .. �, under the RPOperty.Trustor h3roby agreee to indemnlfy and hald harmteaa Lender,its direatora,otticere,employeee e��c��y�an�,artd —
<br /> any successore tu Lender's Interest,irom and epalnat nny a►ed eil claime,damagea,loaaea and Ilabllitlaa arisine In connecHon w(ih _
<br /> �• � the preaence, use, diapoeal or transport oi nny Hezardoua Mntorlale on, under,irom or about the Property.TNG�ORE(iOIN(3 _
<br /> �� WARRANTIES AND REPRES�NTATIONS,AND TRUSTOH'S OBUCiATiONS PURSUANT TO TWE FvREC301Nti INDF.MNITY,�HALL ``
<br /> ° 8URVIVE RECONVEYANCE OF THIS DEED OF TRUST. _
<br /> 10. Auynm�nt ol R�nb.Truator heraby esalyna to Lender the rente,laauea and proflta of the Property;provlded th�t Truttor _
<br /> w. shall,until the occurrence ot en Event ot Detault hereunder,hava the riflht to collect end reteln euch renta,lesuee and protite aa they _
<br /> � mecome due snd payable.Upon the occurrenco of an Event ot Default,Lender may,elther In pereon or by apent,wlth or without
<br /> •' brinping any actlon or proceedinp,or by a receiver appointed by s court and without regard to the adequecy of ito aecurlty,enter
<br /> " deems ne es3ary ordesl ab e to prespe e the a ue,mtarketablliry or entab Ilry ot thehPr perty for any part thereof ortntereet he►elnt
<br /> `'} `•`" increase the income theretrom or protect tho securlty hereof end,wlth or without takin�possesslon of the Property.nue tor or
<br /> ti'� otherwiae collect the rents,issues and protite thoreot,includlnp those past due end unpaid,and npF1Y the sarr,e,leab coste and
<br /> .-:'s''�-.� nYOwnsea o}operation and collecUon Including attorneys'fees,upon any indebtedness Recured hereby,ell In euah ord�r ee Lender
<br /> ' '�•��`• �F inay d�otermine.The entering upon and taking posaession ofi d�a i'ropdriy,inn coiincii�n ui oiu�i�ant"a:L'uss a:tl1{?f+'ijt}A�ti thw
<br /> ,'�:�,.',y �:� eppllcadon thsreof as afaresaid,shell not cure or walve eny default or notice of def�ult hereunder or invalldate sny ect done In
<br /> ;"t, ��: response to such default or pureuant to such notice of default end,notwlthatanding the continuence in posseasion of the Property or
<br /> the collection, recefPt and aDpiicatfon of rents,Issuea or p►otits,and Trustee and Lender ahall lm entftled to exerclee every ripht
<br /> provided tor in eny of the Loan Oocuments or by law upon occurrence of any Eventof pefault,inciuding without limitation the�ightto
<br /> ',�'t��`• � exercise the powor of sale.Furthor,Lender's rights end remedies under thts paragreph shell Ge cumulative with,and in no wey a
<br />"�•""'"'=���.•. � Ilmitatlon on,Lender's rights and remediea under any assfgnment of leases and rente recorded egainstthe P�operty.Lender,Trustoe
<br /> :. �4� � ��� and the recelverahell be liable to account only those rents actualiy�eceived.
<br /> _;if�';;,`,�!%:� ,
<br /> w ���,;�;, •< 11, Ev�nb ol D�huN.The tollowing shall constitute an Event of D9fault under thla Deed of Trust
<br />�_�.i:`�,;;;s�4. ' (a) Failure to pay any Installment of principal or Interest of any other sum seoured hereby whe�due;
<br /> �•u,: ;: �_,�, (b) A breach of or defauit under any pruvtslon contalned In the Note,thia Deed of Trust,any af the Loan Dacument0.or�ny
<br /> �'`}'•' •°•:;�: olt�er Iien orencumbr�n�upan the Pro�rtY: ,
<br /> ;;.;;•; (c) A wdt ot execution or attachment or any slmila�pror,ess ahall be entereC a9ainst Truatui whlch shalt bcco:nC a fl�a oss
<br /> s::?:?�:�.�•;..�,, the Prope►ry or any portlon thereo4 or Interest therefn;
<br /> _.`:�'k:'�' - (d) There shall be tlled by or agafnst Trustor ur Borrower an action under any preaent or future tedernl,steta or olher
<br />�r�•--�1�M�.` • statute,law or regulation retating to bankruptcy,Ineolvency or other rollef tor debtors;or there ahall be eppolntod any truatea,
<br /> __ =`�'�� recelver or Ilquidctor of Trustor or Borrower or of all or any paR o91he Property,or the rents,issuea or profite ther$o1,or Truetor
<br />,-"��-----�"'-��`°�? or Borrower shall make any general assignment tor the benefl4 oi aeditora;
<br /> . ' y (e)The,sele,transter,leaso,assignment,conveyance or further ancumbrance ot all or any part ot or eny Interest fn the _
<br />--��xf�� ��:; Praperty, ellher volunfariiy or Involunterily,without tha express wrftten consent of Lender,provided that Truator shall be _
<br /> Q;`;_��,r permitted toexecute a leasa ot the Proportyr that does not contain en optlon to purchaso end the term of whlch doos not exceed
<br />-_=� one year; '
<br /> _��'• (� Abandonment of the Property:or
<br /> :�,.�-��
<br /> �'°�''`��'` (g) If Truator Is not an Indivldual,the issuance,sate,transfer,asstgnment,conveyance or encumbrance ot more then a tota
<br />_`:ki;�r'31iec.��
<br />__ �� � p}�_percent ot p}a corporatlon)its Issued and oubtanding stock or(fi a partnerehip)e totel of percent of
<br /> '=' `�-�' p9rtnerahip Interests d�frfng the perfod this Deed oi Truat remains a Ifen on the Proporty.
<br /> -:��,.-r
<br />_=:�^'_.�"�,__,.°�� 12. R�m�df�s;AccN�ration Upon DNaui4ln the event of eny Event of Detauti Lender may.�vlthout notice except ea required by
<br /> �'""': � iaw,doclare c+ll Indebtedness securetl hereby to be due and payablo and the same shell thereupon become due and payable
<br /> �=��'�� '�`�• without any presentmont,demand,proteat or notice af any kirtd.Thereafter Lendor may.
<br /> ,,;;.° ` (a) Qamand that Truetee exercise the POWER OF SALE granted harein,end Truatee shall thereaRer cause Truator's
<br /> �°' �� interest In the Property to be sold and the proceods to be distributed,all In the menner providud in the Nebrasku Truat Deeds ,
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<br /> � " • (b) ExercfseanyendallrlghtsprovldedfoNnanyoftheLoanOocumentaorbytawuponoccurronceofanyEventofDetault;
<br /> �. .. and
<br /> . • (c) Commence an action to foroclose this Deed of Trust as a mortgage,eppolnt a receiver,or speciifcatly entorce any aitho
<br /> � o covenants hereof.
<br /> ` No rentc�ly hereln conterred upon or reserved to Trustee or Lender Is intendod to be exclusive ot any other romody herefn,in the
<br />_ � ;,� Loan DoCUments or by law provided or permitted,but eaah shail be cumulative.shall be in additlon to every other�amedy glven
<br /> . � hereunder,in the Loan Documents or now nr hereafter existing at law or in equlry or by statute,and may be exerolsed conaurrontty,
<br /> -°__
<br /> �_1r� g. IIIt�BpBR({@flt��f OI SUCCBSS�YeI}/. ����,����Wj��^.�^o.ae ond 1 nndnr mnv at anv tlma and without Cguse BDAOIOt 9
<br /> ..----.-�mr�---_�-- 13. TTUitN.I tle tiusie�u�aji ioa�y��m o..� .................. ...........-.._�..__. ...-• -- - •
<br /> succeasor or substitute Trustee.Trustee ahall not be Ilabio to eny party,Including without Ilmltation Lender,Rorrower,Trustor orany
<br /> „ . ' purcheser of tne Property,for any loss or dnmago unless due to reckleas or wfilfui misconduct,and ehall not be requfredto tekoany
<br /> actlon in connection wfth the antorcemdnt oi this Deed ol Trust unless fndemnlfied,In wrltfng,for all costs,compensatlon or
<br /> expenses�vhich may be msaoclated therewith.In addition,Trustee may become a purchese;at any sale of the Property Qudiclal or
<br /> • under the power of anlo granted herein);postpone the srile of all or any portion of the Proparry,as provided by law;or sell the
<br /> Property as a whole,or in separate parcels or lots at Trustao'3 dlscrotion.
<br /> 14. Fe�s mt9 F.�cp�nts�.In the event Trustee sells the Property by exerclsa oi power o1 eale,Truatee shall be entftled to epRly
<br /> �� eny sele proceods tirat to payment of all costs and exponses of exsrclsing power ot sale,including all Trusteo's teea,end Lender's
<br /> end 7'tuetee's attorney's fees,actually Incurred to extent pormitted by applfct�ble law.in the event Borrower or Truetor exercfse�eny
<br /> right provlded by law to cure an Evont ot Default,Lender shall bo entitled to rec�ver trom Trustor all costs and expenses actually
<br /> .. Incurrad as e rosult o1 Trustor's dofault, Includtng without Ilmitution oll Trustee's end ettorney's toos,to the extent permitted by
<br /> „ • . eppltCeble law
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