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<br /> — - __ __,��,;,� th�Prop�Ay is w tak�n or dam�p�d,Lendar�h�ll hws th�optlon.In It�wl��nd�bwluu dl�cnUon,to�pply all wah ProeNd�,
<br /> dfK d�duoNnp thaNrom dl ao�q�nd��p�nws Inaurr�d by it In conn�cNon wlth�uch Proca�d�,upon�ny Ind�bt�dnaa waur�d
<br /> --�� h�►�by snd In tuoh ord�r as L�nd�r m�y d�urmlm,or to apply�II�uah Proc�od�,aR�r tuoh doduapom,to th�re�Wntlon of th�
<br /> �_ Propety upon such eondlUont�s L�nd�r may d�urmin�.Any appllc�tlon of ProcNd�to IndWt�dn��h�ll not�xbnd or poatpon�
<br /> -- �� "•" th�dw d�b ot�ny paym�nta und��th�Nob,or eun any dot�ult th�rwnd�r or h�nund�r.Any unappll�d lundr shNl b�pdd to
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<br /> � 8. PKlanwna�by L.�ndK.'Jpon th�aacurnnce ol an Ev�nt ol Dd�ulth�nund�r,or 11�ny aat Is fak�n ar Ipd procMdinp
<br /> '' commenc�d whlc!�mat�rl�lly aBeat�Lender'�Intereit In the Prop�rty,Lender m�y In Ib own dlsoretlon,but wlthout ob1lp�Gon to do
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<br /> :;_— � .,,,^,_ _,._ �__ .
<br /> _,;,,�, w,�nd wlthout noNc�to or d�mand upon Tru�Wr�nd wlthout rel�aWnp Tru�tor hom any oblfp�tlon,do any ect whlch ru�tor ha� `
<br /> ��� �p►Nd but hil�to do and moy al�o do�ny other�ot It d�ema n�ceaery to proteet th�seaurlty hersof.Tru�tur ih�ll,Imm�dl�taly
<br /> upon d�mand th�refor by Lender,pay to Lsnder all coib and expen�es Incurred ond tumi expended by Landar In conn�odon wlth
<br /> � !� . ths�xerol�s by L�ndsr of the fo►epolnp Nphq,topethar wlth Interest Ihereon at the delault rate provlded In the Note,whlah ehall be
<br /> ""`T' add�d to th�Ind�bt�dnas Mcund h�r�by.Land�r �h�ll not Incur any Il�bltlty b�caua ot�nythlnp It may do ar omlt to do
<br /> �_,I _._.�� . �r�under. —
<br /> #;��C�:�3«R�•�f: 8. M�Mou�Md�U.Truetor�hell keap the Properly In compllanca wlth all applloabte law�,ordl�anoet and reputotlons
<br /> ►,�; •, _ ;�•+ rel�Unp ro IndwMal hypiene o►envlronmental proteatlon(collecUvely refened to herein es"Envlronmentel Lawa").Trustor ehell �u-
<br /> -• '�"•�` ` r"�_. ~ . k�ep the Properly fne fram oll�ubatances de�med to be hazardous or toxlc under any Envlronmental I.owa(collecdvely roferred to
<br /> ��":��±": h�reln as"H�sardou�Mabrlsb"�.Trustor horeby warranta and repreeents to Lender thet there are no Hazardous Material�on or
<br /> =�����:�:�•-.��� und�r the Property.Tru�tor hereby apreea to Indemnlfy and hold hermless Lender,Its dlrectors,oHlcers,employaea and apena,and _
<br /> '°�r��`•�-�^• any tucceuon to Lender's intere�t,lram and apalnet eny end all alalm�,domeqer,loesea ond Ilebllltles arfalnp In connectlon wlth --
<br /> ' ��°:�. '' `• � the pretence,use,diepowl or tranepoN ol eny Hezardoue Matertals on,under,from or about the Properry.THE FORE(301Nfi Y_
<br /> �m.:�x�..:�L.,. _.
<br /> �„�.�A,=.;...�t WARRANTIHS ANO REPRESENTATION3,AND TRUSTOR'3 08LIQATIONB PURSUANT TO THE FORE�OINO INDEMNITY,BHALL
<br /> . ,:.� . BUHVNE HECONVEYANCE OF THI8 DEED OF TRUST.
<br /> �� , ,;- t: 10. Auipnm�nl d R�nq,Truetor hereby asslpns to Lander the renW,ieauea and proli��ol�he Prop ►ry;prov�ied thet Tru4Wr __
<br /> � .r:�Lfall+3�+a':a•'.' ` iheM,unAl the xcurrence o1 en Event of Oeteult hereunqer,heve the rlphf to collect and retaln euch renta,ibeuas anu pr�fps as U ^� _
<br /> .�_ � •-PS•�w�•��-••» become due and poyeble.Upon Ihe occurrence o(an Event of Default,l.ender may,elther in pereon or by a�ent,wlth or wlthout _
<br /> _—_ ��..4,•;s,. ..� brfnpl�p sny ecpon or p►oceedlnp,or by a recalver appolnled by a couR and wlthout repard to the adequecy of Ita secu►Ity,enter _
<br /> �'�=•l,•::a : . ' upon and teke po�sesalon of the Property,or eny part thereol,in Ite own name or In the name ot the TruBtee,and do any ecta whlch U �
<br /> J ,�� ^���,.r-=- :� deems mceuary or dedreble to preserve the value,merketebiNty or rentablllty ot Me Property,or eny part thereof or inte►�t thereln, �
<br /> ---= Incraaae the Income therefrom or protect the eecurlty horeof and,wlth or wlthout takinq poanesalon of the Property,eue fo�or
<br /> — � � ;•� otherwl�o collect the rente,ieeuee and p►ollu thereof,lncludlnp thoae past due end unpald,and apply the eame,leaa co�te end
<br /> -,�� exp�nset ot oparaqon and collectlon Includlny ettorneye'fees,upon en�►Indebtedneas secured hereby,all in such order es Lender
<br /> _•� -..� .. ° may determine.The enterinp upon and taklnp posaeaefon of the Property,the collectlon ol such rents,leauea and prollta and the
<br /> ---- �1+►►.• eppllcatlon thereof as aloraeald,ehell not cura or walve eny delaup or notice of default hereunder or invaNdete any ect done In
<br /> - � � rasponse to�uch delault or purauant to auch noGce of delault and,notwlthetandlnp the coMlnuance In posseselon of the Property or
<br /> ---�` ' the collectlon,recelpt end appltcallon o1 renb,I�eues or protlte,and Truetee and Lender ahull be entltled to exerolae every rtaht
<br /> �,,. ,,,�_ a L._ provlded for fn any of tha Loan Inetruments or by lew upon occurrence of eny Event of Default,Includlnp wlthout Bmltatlon the►ight = _
<br /> • -� �+ to exercl�e the power of eete.Further,Lender's rlphts and remedles under this perapraph ehall be cumulanve wim,and in no way a � `-
<br /> ::�_ � Ilmltetlon on,Lender's nphla and remediea under any aaelgnment oi leases and rents reco�ded apeinct the Property.i.ender,Truatee
<br /> '��� - " . � ond the recelver ahall be Ilable to account only for those rents actuelly recalved. _
<br /> 11. Ev�nb ol DMault.The followlnp shaN constltute an Event of Oetault under this Deed o}Trost
<br /> •"� (a) Failure to pay any Installment ol princlpal or Intereat of any other aum aecured hereby when due;
<br /> �,:' � , (b) A breach of or delault uMer eny provlalon contalned In the Note,thie Deed ol Trust,any of the Loan InatrumenU,or any
<br /> . • otho►Ilen or encumbrance upon the Property; _
<br /> �,,,_t.• , .. (c) A wrlt of executlon or attechment or any almller proces�ahell be entared epelnst 7ruator whlch�holl beaome a Ilon on
<br /> tha Properly or any poNlon thereof or inlerest thereln; _.
<br /> : ' �� (d) Thero ahall be 111ed by or egalnst Trustor or 8orrower an actlon under eny present or lutu►e federal,atete or other
<br /> � � etalute,law or reyulellon relallnq to bankruptcy,fneolvency or other rellef for debtors;or there shell be appolnted any truatee,
<br /> � recelver or Ilquldator of Trustor or Borrower or of ell or any pert ol the Properry,or the rents,lasues or prolltr Ihereof,or Truator ��'N''
<br /> ' ' or 8orrower shall meke any general asslgnment lor the benefit of credltors; ___
<br /> (e) The aele,trans(er,leese,asalgnment conveyance or fuAhar ancumbrance of all or any part o10►eny Intereet in the -
<br /> • � _.- Properry, ellher voluntarlly or Involuntarlly, wlthout tha expreas wrltten conaent o1 Lender; provlded that Trustor ahell be ��"'
<br /> permftted to execute a lease ol the Property that does not contafn an option to purchase end the term of whfoh does not axc�d
<br /> " . ono yeor,
<br /> • • (� Abandonment ol the Properry;or ``�
<br /> ' ' (q) It Trustor it not an indlvldual,the I�suence,sele,transler,essfpnment,conveyance or e�cumbrence ol more thon o toml �
<br /> . . � ..0
<br /> of percent of(II e corporatlon)Its fsaued and outatanding atock or(H a pa►tner9hlp)a total 01 percent ol �
<br /> ' . ' parinershlp Intoreete during ihe perlod thfs Deed ol Trust remalns a Ilen on the Prope►ty. �=-°
<br /> ' � 12. R�m�dN�;Aac�Mralbn Upon D�Mull.ln the event of any Event ol Deteull Lender mey,wlthout notice except as requlred by
<br /> lew,deale�o all Indebtednea�aecured hereby to be due and payable and the same ahell thereupon become due and payeble �_��1-
<br /> ° wlthout any preeentmenl,demand,protest or nodce of eny kind.ThereaRer Lender may: �,:w,
<br /> � (a) Demand thet Trustee exerclae the POWER OF SALE yranled hereln, and Trustee ahall thereaRer ceuse Truator'e
<br /> • Inter��t In th�Properly to be sotd and the proceede to be dlstrllwted,all In the manne►provided In the Nebreske Trust Deed� �� ,
<br /> Act; �
<br /> • (b) Exerclse any and ell riyhta provlded lor in eny of the Loan Instruments or by law upon occurrence of any Event of
<br /> DQl�ult:en�
<br /> (c) Commenco an nctlon to forecloae thls Deed ol Trust as a mortyaye,appomt a recelver,or specillcelly enlorce any of the , .
<br /> •• covonanfs hereof.
<br /> No remody herefn conlerred upon or reaerved to Trustee or Lender is Intended to ba exclusive of any other remedy hetefn,in the ;
<br /> Loan Inelrumente or by lew provlded ur permltlod,but each eha11 be cumulative.ahall be In addltlon to every other remedy given
<br /> „ • he►eundor,�n Iha loan Instrumpnts or now or hetealter ex�sfing at law or in equrty or by statute,and mey be exerClsed Concurrently, i
<br /> „ Ifltl�lld@�lly O►6UCC9lf�V61y.
<br /> 13. Tru�iM. Ths Truatee may reafpn at any ume wfthout cause,and Lender may at any tlme and wlthout ceuse appolnt e ,
<br /> • succoaor or eubatflule Truetee.Truelee�hell not be liable to any pany.fncluding wlthout Ifmftetlon Lender,Borrower,Trustor or eny j
<br /> purchot�r ol the Property,lor nny loae or demeye unlesa due to reckless or wlllful mlaconduct,and ahall not be requfred to take any �
<br /> action in cunnectlon w�th the enforcement of thia Oeed o1 Trust unless fndemnlfled, fn wnting,for all costa,compenaatlon or
<br /> Mxpense�which may be aesoaated Iherewilh In addltlon,Trustee may become a purChaser at any sale of the Property Qudfclal or
<br /> •,
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<br /> `^ unCit tnY pow6r ot se�e Qraniea nerem�. Postpone u�a emv v�nu v� a��r M••,••��•�•�••��••�r�•v•��r.-^----, .-..•-• --.. ..._ �
<br /> Prope►ty as u whote,or in aepart�te parcele or lots at Truslee's d�scretfon.
<br /> „ f 1 F��nd H�p�n�.In the evont Trustee s�lls the Propery by exerCfae ol powe►of sale.Trustee ahall be entitled to epply
<br /> ' •ny wl�procoeds lirst lo paymenl ol n11 cosla end vxpenaes of exerdsing power o1 sale,Including all Trustee's feea.and Lende�s
<br /> � ' and Trutlee's�ttorney'a fee�.actually incurred to extent permuted by appllcnble law.In the event Borrower or Truator exerclsea any
<br /> ' ' . • r1�h1 provldW by iaw to cu�e en Event ol Delaull.Lender snell be ent�tled to recover Irom Trustor etl costs and expenaes actually
<br /> Incurred es a r��ult of Tru�tor's delaull.�nclud►ny without Ilm�telion all Trustee's and adorney's leea,to the extent permitted by
<br /> �pAhcsble Inw ' .
<br /> t5 Fulur�Adv�ncN. Upon reque�t ol Borrower,le�der may.at us optfon, make addlt�onal and luture edvences end ro-
<br /> • n�v�nc��tu Borrawor 3uch advances and rasdvances.w�th�ntere�l thereon,ahall be eecured by thla Deed of Truat.At no t�me shall
<br /> the pnnc�pel nmuunt nl the indebledneas aecured by Ihia Ooad ol Trust,not mcluding sums advancad tu protect the secunry of this
<br /> O�wd ol T�uN,NxC�11d thY Orlpinel pnnc�pul umount eluled lit�ru�n, or$_ . __—�whfchever is Oreater: ,
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