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<br /> --- �,�.�•�.::._<<�*.-�•— 1Q, ���o{rNCbr w/q�Reapect fo Le�aea.Wltho�t Gha pdor wdlten consent of BeneNclary,Tiusror shall not,d1�ecUy a Udlroc , ___
<br /> — =-= ' with r�poct ro�ny INS�o�spac�!n tM Tivat Proparry.a�ny paUon th�reo%whethe►suoh loaao la now a JNr�dtw In�xlttMC�:
<br /> _=-- __ (a) Aoc�pt a p�rmlf any pnpaym�r►t,dlscount a�dwnca p�ymont ol ranf fwrwnd�rin oxceia o/one month,
<br /> (�) CancN a timNrtat�ths+�nN,a�cc�pt arry cuiaNleNo+►,t�mUn�don a iurra�dx tlwreol,a pannit any�vant ro occeu whkh wo�ld
<br /> oacur tM►wndn to hm�ln+q�or cancW tIw�wna.�»►Nw+rorminadon for nonpayment o�►ant,
<br /> -- --�_ (o) Mwnd or modiy fM�ao�a ro nduco th�bnn tMnot.th�rmtd peyabN tlwnundn�a to ohanpe any ron�wd provlilons
<br /> d►waln containad,
<br /> ',� • �� (d) Walve any de/eult the�eunder a txeaoh thereol, ''
<br /> � -- (�) Q l v s�n y c o n smt,walver a e pproval fhereundor a take�ny other acdon In conneodon therewllh,a wlfh a leasee thareandor,whlch �..
<br /> _ � woWd have the e/het ollmpaM n p G►►e va/ue o1 Mw ktsa'i lnta►eat thonunda a f ho prop e+f y au b/ec t f ha�ro,a o/I m p a�'r J n p t h� �
<br /> � po�ao►►a m�e�ear a ao�nc�a►r a►�ran,or r"'_
<br /> (Q Sell.aaslpn,pledpe,mortyeps a pthNwl��dlapos�o%a anoumbor Ita lntorast!n any sa�d laasa a any ren1�,laauos,proHta 1asWnp
<br /> _�� �' � a arlalnq Mereunder.
<br /> - � --"-� � 17, WNve►ot Statute ol Umltafl�one.Time!s ol the essence In ell o/Truator's obllpadona Rnd dades hereunder,and lo fhe extent permltted ___
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<br /> - • ''':� � by law,Tiustor walves all present a tuture statutea ol 1lmitatlons wlth respect ro any debt,demand a obUBaBon seowed haraby and _
<br /> ��,��.-0 .; any actlon a prxaedlnp!or fhe purpose ol enlaclny thls Deed o!Tiust or any dghts a remedles contalned hereln. `
<br /> ���`�f��': ' ' 18. A9slgnment of Depostta.ln the avent consbucdon ol improvements!s contemplated by tha Man eWdanced by the Nore secured
<br /> -=- "''i�x�•-' N hereb y,as addltlor►al securiry there/ae,Trusror hereDy bansfers and asalgns ro BeneAclary,e/l dDhf,UGe and Interest to any and all �y
<br /> ���"��� �""+� � nwnles deposlted by or on behal/o!Tiusta►wlth eny clry,county,pubflc body a egency,aenitery dlsMct,udllty compeny,a n d __
<br /> ""�°`�"Y ,� . x' sn otNxr bod a a enc !a the lnatollation or to secure the lnstalladon ol any uNllry by Tiustor,peRe/ning to H�e Tiust Property. ---
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<br /> -g =.�=•-�.. 1p, Corporadon a Pard�erahlp Exlatence. 1/Trusror ls a caporaflon,general partnerahlp,orllml�d parmershlp,lt w10 do all d�figs iw��=
<br /> =.�;�,�q:;�� neceasery to preserve!ts corporate or partnarshlp exlstenco,as the casa may be,and all�! h►s and prlvllepea under the lews of fhe ��._
<br /> =- staro or rts rncorporeaon o�orpanrzAaon. �r�
<br /> � � �p, Fwbearanca by 8ene/lclary Not a Waiver.My forbearance by BeneHciaryln exerclsln8 any dghf or remedy hereunder,or othenvisw
<br /> - ',;= �:73��� � alforded bY aPAlkable law,shall�x�t be a walver ol a preclude fhe exerclse of any such rlpht or remedy. The procwement ol �
<br /> " T.�,t� ., °=_
<br /> - ,. f�y,,,� .,,rc. . lnsurence a fhe payment o!taxes a the dlsoharqe ot Ilens a oha►pes by BenoNclwy ahall rat be a welver of Borw/klory's Npht to
<br /> - ��:,�'.�;. ,.,,r�:..� eccelorate the metudy of lha lndebtednesa.
<br /> � '�'���� ��� a"'^ 21. Remedlas Cumuladve.All►emedles pmvlded!n fhls Deed o1 Tiust are disdncf and cumulaUve to any othar dght a remedy unde�thls ��
<br /> rt�;' '��`�' s ° Deed o/Tivat a a//aded by law or equlry,amd may ba exerclsed conounenBy,lndependenUy or auccesslvety. !;
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<br /> ,.}r�� ;__.•., � 22. Successas and Asslgna Bound;Jdnt and Severel LlabiNry;Capdons. The covenants and agreements heieln con►alned shall bind,and .;�•�'�'
<br /> _ � the d�hts hereunde►shall fiure to,the reapecdve successors end asslgna o/BeneNclary, Trustee,and Tiustor.All covenants and :��•
<br /> - � . ��':`��'.������ � ° agreements o/Trustor ahall be/dnt and several.fie cepdons and headlnps of 1he paraprephs of thla Deed ol Tiust orv/a �-
<br /> �_ . convenlence unty end ere not to be used tolnferpref or deflne the provlsions hereof. �F�
<br /> -'�" ° 23. Nodce.Except fa any noUce reqWred under appqcable lew to be glven In another manner,(a)eny notice to TrusMr pruv/ded lor!n thla �'�-
<br /> • � Dead ol Tiust ahell be glven by malling such nodce by certlNed mell,retum recelpt requested addressed to Tiustor etlts melllnq '�'
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<br /> ��_ -•�',�'` � - " addieas set/orfh above a at such other address as Truata may deslqnate by nodce to BeneNclary as p►ovlded hereln,and(b)any �,.'.
<br /> _'�. ��zy�:s,.y,��,,.__, nodce ro Benelklary a Tiustee ahall be glven by ceAlNed malf,retum recelpt requested,ro Benepclary's and Tiustee's maiqng �s;::
<br /> - __ -_ .- eddreas ststed herela ar to sactr odrar sddm.ss ss BeneNclery or Frustge mey deslgnete hy nnllr.p M Tiaaror as provlded hereln.Any =
<br /> •-'�� -� ' notice pr+ovldad for In thls Deod ol Trust shall be deemed ro have been plven ro Truaror,BenepclAry or Tiustee when plven!n the
<br /> ,`=. • �,;:�� .. ,-Y • menner deslgnated hBreln. �'
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<br /> 24. Qoveming Lew;Severablllry.Thla Desd o/Tiust shell be povemed by the laws of the State ol Nebreske.In fhe event any proWslon or
<br /> ^��`� � '`"';� ' Clause o/thls Deed o!Tiust conlllcts wlfh appllcable law,such conlllcf shafl not aNect other proWsions ol thls Deed of Trusf which cen
<br /> L��k_. � ��^ be glven ellect wlthout the con/llcdng provislons and to thls end the provlslons o/fhls Deed ol Trust are declered to be severaWe. '�
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<br /> ••=-.. �' ��= '� ' 2b. Events of De/au2 Eech of the followln p occurrences shall consdtute an event o/default hereunder,(herelnaRer c�lled en"Event r:•-
<br /> '-i�'�. ,. , of Delauft"):
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<br />__ • ,� ;��;�. (e) Tastor ahall lell to pay when due any pNnclpal,in�erest,or princJpel and Inferest on the Indebtedness, -�
<br /> '���• •� ' f -� (b) My wenar+ty of Ude mede by Trustor hereln shall be unhue, � :
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<br /> T ' ' (c) T r u s t o r s h a l l leli to observe or p eAom►an y ol tha covenants,eg►eements,a condlNons!n thls Deed ol Trust �•»
<br /> �-°_` • � "' .. (d) My►epresentadon o►wananfy mede by Tiustor on eny 6nanclal statements or reports submlBed to Beneryclary by or on bQhell o/ '"
<br /> �s. � � � Tiusta shall prove/alse or matedelty misleading,
<br /> '" .� � (e) Tiustor shall 1e11 to perform o►oGseive eny ol fhe covenants,condJflons or agreements contalned!n,or bind/ng upon Tiustor under
<br />- ��'' any bullding loan agreement,secunry agreement,Ioan agreement►lnenc/ng statement,a eny other agreement Insbument a :',,
<br /> '= `' '*"'°""� dxument executed by Trustor ln r.onnectlon with fhe loan evldenced by Ihe Note, •
<br /> ::.�.:�i. -,,.\` f ���.
<br /> ` . ° .. (� A hustee,reCelver or Ilquldeto►ot the T►ust PropeAy or of Tiusto►shall be eppolnted,or any ot the credlrors of Tiusror shall Nle a '}'`
<br />`'�• �%' � pstltlon In bankruptcy agelnst Trusiar,or for tho reorganlzadon ol 7rustor pursuant to the Federal Bankruptcy Code,a any slmllar
<br />• � � „' ' law,whelher lederel or state,and if such order w peNNon shall not be dlscha►ged or dismissed wlMln thlrty(30)days effer tha dafe = _
<br /> .,,., .,.. ., , _
<br />, ° •` . . on whlch such ader o�peddon wes 61ed, _ _
<br /> • '•,;:c. (p) Tiusror shall file e pe6don pursuant M the Federel Bankruptcy Code or any slmllar law,lederal or state,o�lf Tiusta shall be =_=_
<br />--�•• .'::�'•�•-�` `'V edJudged a bankropt,or be declared lnsolvenf,or shall make an asslgnment for fhe beneHt o/credltors,or shall admUln wrldng!fs -=`��;
<br /> ��"�� �� lnaWllty ro pay Jts debta as they become due,or shall consent fo the appolntment of a recelve►o/a!I or an aR o/the Trost Pro ���
<br /> � . � . Y P PB1N, s::.:
<br /> o (h) Flnel/udgmenf/or the paymen►ol'money shall be►endered agalnst Trustor and Trustor ahall not discharge the seme,o�cause!t to
<br /> " be dlscha►ged,wltl►M thlrty(30)days aNer the entry the►eol,or shaU nof appeal there/iom or Irom the order,decree or pracess upon TM..
<br /> ' ' whlch a pursuent to whlch seld Judgment was granted,based,or ente►ed,and secure a stay o/execution pend/ng sucb sppeal, '•
<br /> ;�''�r p) Tiustor shall sell or convey the Trost Property,or eny part thereol,or eny/nferest thereln,or shall be divested ollts tlde,or eny Jnterest ' �.-
<br />� � �`���' " thereln,!n any manner a wey,whethe►voluntedly a/nvolunterity,without the w�ltfen consent o�Beneficiary belny lirst hed and �'
<br /> . �. � . ��:
<br /> - , �� ._ obtelned,a
<br /> .� • �) !I Trustor/s a corporadon or paAnershlp and more then fifry percent(50°io)ol lhe shares or benelicial lnterests!n such corporatlon or �
<br /> partnershlp,es the case may be,shell be frensferred or conveyed,whether volunfarily or lnvolunlarlty,witAout the wntten consent o/ t
<br /> � 9ene11clary being Grst had and obtalned. �
<br /> � 26. Accele►atlon o/Debh Foreclosure.Upon the occurrence of any Event o!DAlault,or any Hme therea/ter.Benel/clery may,at its optlon,
<br /> declere all the Indebtedness secured hereby(mmediately due and peyab/e and the same shall bear Interest at fhe de/ault rate,if any,
<br /> set forth!n the Note,or o[herwise a[the hlghest rete permltted by lew,and,inespecfive of whether 9eneficfery exercises seld option,it
<br /> � �' . may,at!fs opBon and!n Its sole discretlon,wfthout any lurther notice o►demand to or upon Tiustor,do one or mae ol the fd/ow/ng;
<br /> (a) BeneBc(ery may enter upon,take possesslon o/,menage and operate the Trust Pioperry or any pa►t thereo%meke repaus and
<br /> '� alteratlons and do any ects whlch 8eneliaary deems proper to protect the security thereof,and erther w(th or without teking
<br /> -- _. nassesslm.!n its own neme.sue/oror ofherwise co!letf and�eCeive rents,lssues end prolits,mcluding those pest due and unpaid, �
<br /> � a�d epply the seme,less costs and expenses of operahon end colfection.inc/uding reason�ble aKOmey lees anci Benef�ciary�s ��
<br /> costs,upon the Indebtedness secured hereby end in such o►de�es Benofic�ary may dete�mme.Upon request o!Benel�c�ary, Trusta ;
<br /> shall asser+�ble and shall meke availab/e to Benefic�ery any o�the Trust Property wh�ch has been removad. The entenng upon and
<br /> � taking pOSSession of fhe Trust Property,the callecfion of any rents,/ssues and profits,end the epplicadon thereo!as efores�id,shall ;
<br /> � , nof Cure a welve any de/aWt fherebfore o►therealter occunmg,o►aNect any nofiCe of deleult o►nofice o/sale hereunder or !
<br /> • � invalidate eny acf done pursuant to any such nonce.Nonv�thstand�ng Benel�ciary's conhnuance in possession or receipt end ,
<br /> � • applicadon o!renls,lssues o►prolds.Benehc�ary shall be enhtled to exercise every r�ght prowded la en►his Deed o�7rust or by law
<br /> upon or after the oCCUrrence o!en Event o/De/ault.�nclud�ng the nghf to exerc�se the power ol sale.Any of the achons relerr�td to m
<br /> this paragreph may be taken by Benelicrary at such hme es Benelrclary may determine wrthuut reyard to the adequacy o/any �
<br /> secunty for!he lndebtedness secured hereby. ,,
<br /> � (b) Benelic(ary shall,wiNrout regard to the adequacy of any secunry tor the Indebtedness secured hereby,be anhHed to the
<br /> eppdntmenf ol a recefver by any couK having/unsdichon,without nobce.to take possessJOn oJ,protecf,and manage the Trust ;
<br /> , � . Properry and operate the same and col/ecf the rents,�ssues and prohts therelrom. ;
<br /> � (C/ 8enef�Crary may bnng any eChon in eny court o/Competent�unsd�chon to foreclose th,s Deed ol Trust a enforce an y of fhe 1
<br /> covenants hereof. I
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