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�1 fif." •i` •r 'cc . . ._ :iPtn_�,y, �.',�,.:
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<br /> _ - 92-- 1�0
<br /> _ IM Pfop�tq►u�o hk�n or damap�d,t.�nd�r�hYM h�v�tl»opqon,ln Ia soN ond Abwluq d1�orNlon,b�pt�IY�11 woh Proawd�,
<br /> .. dlK eNduminp tlwrNrom NI ao�q�nd�Mp�nw�Inaurnd by II ln conmatlon with woh Proc.«�•,upon any ina�w.dn�s�ow�d
<br /> fNr�bp and In woh ord�r u I.�nd�r m�y dM�rmin�,a to�pply�II�uoh ProcMd�,dN►�uah MduoUon�,to th�r�for�Uon of th�
<br /> PropNy upon woh oondlUon�a�Lmd�r may dNnmlm.Any�ppNatlon of P►oaNd�to Ind�bt�dna��hall not�xt�nd or po�tpon�
<br /> th�dw d�l�of�ny p�yln�nf�und�r th�Nof�,or cur��ny dNaull th�nund�r or hrnund�r.My unappll�d lund��hdl M p�ld b
<br /> Trwtor.
<br /> -� A.PrNlo�nc�by L�nd�r.Upon th�ocournnc�oi�n Ev�nl of p�l�ult h�rwnd�r,or if�ny�at I�t�ken or Ipal procMdlnp
<br /> `��, oomm�ncad whl�h maWl�lly aB�ab I.�nd�r'�InfKeq In th�Prop�rry,L�nd�r m�y In It�own dl�areUon,but wlthout obll�don to do r
<br /> so,and wNhout noUce ta or demand upan Truator end wlthout releeolnp 7�unor Irom eny obllgetlon,do eny act whloh Tru�tor iuis
<br /> ---- �prNd bul l�lls to do�nd may�Iw do any oth�r�ot It de�ms n�cesaary to prot�ot th�s�curiry hereof.Trustor shatl,Imm�dl�Mly
<br /> __--- -- upon demmd th�retor by Lendar,p�y to Lsnd�r all coib and expen�es Incurred ond sum�sxpendM by Lend�r In conn�cdon with
<br /> '°'�"—'� th��x�vclw by L�nder ot th�forqolnp rlpht�,topsther with intere�t thereon�t ths dd�ult rat�provided in the Note,whkh ahall bs
<br /> -- �dd�d to d�Ind�btsdna� qaur�d h�nby. L.�nd��hall not inaur any Il�bllity bscaua ol�nylhMp It moy do or omR to do
<br /> — _— har�under.
<br /> ��L�e� 9. Mwrdou�Mat�l�t�.Tnutor ehall keep the Proparry In compllance wlth all epplloa�bte laws,ordinances and repulaUons
<br /> � �__—___ __�, reteUnp to Indusbiel hyplene or env(ronmental proteotlon(collectively refarred to herein as"Environmenml Lew�"►.Truetor sh�ll
<br /> keep the Property Irea from all aubstancea deemed to be hatardou�or toxic under eny Environmentel Lawa(collectively refoRed to
<br /> —����� hereln es"HazArdou�Matsrfals"►.Trustor hereby wananta end represents to Lender that the�e ara no Hezerdous Materiel�on or
<br /> � underthe Properly.Trustor herAby apree�to Indemnly and hotd hermless Lender,iq dlrecWra,officers,employees and apenb,and _
<br /> any eucce�son to Lender'e Interesf,lrom and apolnd any and afl ciolm�,damege�,loseas nnd Iiebllttlea arlslnp In connentlon wlth
<br /> the presence,use,diapoeal or transporl of eny He�rdou�Materlala on,under,from or ebout Ihe Prope►ty.TIiE FOREOOINO
<br /> - WAHRANTIES AND REPRESENTATIONS,AND TRUSTOR'8 OBLICiATIONS PUH8UANT TO THE FORE(iO1N(i INDHMNITY.SHALL
<br /> �5�+� SURVNE RECONVEYANCE OF THIS OEED OF TRU8T.
<br /> ��___-��� 10. Atsfpnn►�nt ot RMb.Truetw hereby eulpne to Lender the renta,Iauea and proAfa of the Property;provided that Truotor
<br /> ��;�y�F ,. ., ehall,untfl the occurrence oi en Event of Defeult hereunder,have the riqht to collect and retein auch rents,iesuea end protlts as they
<br /> �• become due end payable.Upon the occurrence oi an Event of Default l.ender may,either in pereon or by apent with or without
<br /> ��.� �.Y.1� : •
<br /> �t• �J � brinpinp eny ection or prooeedinp,or by a recefver appoinled by a aourt and wlthout reperd to the adequacy of Ita securify,entar
<br /> ��:��:"�.- � upon and take poaseesfon of the Property,or any part ihereol,fn Ite own name or In the neme of the Trustee,end do any aots whfch it
<br /> _"�°;. �•,.¢•�. w � deeme necesaery or desirable to pre�erve the value,marketability or rentability of the Property,or any part thareol or intereat therein,
<br /> �;,��:;�y� .,,�.; ., � ' inc�eaee the Income theretrom or protect the aecurity horeof and,with or without tekinp poaaeasion of the Property,eue(or or
<br /> LM-�.,,..,�:�t•�•�:;:.a:"' ' otherwiee collect the rente,iseues end prollts thereof,includinp those paet due and unpafd,and apply the seme,leea coata end
<br /> -, • '!��`�'•'' ex ensea of operadon and colleation Includin atlorna a'laea,u on en indebtednesa secured hereb,all In auch order as Lender
<br /> __ � ,,. , . �„� - p 9 Y P Y Y
<br /> � �� t� �� may determine.'�he ente►Iny upon end tekinp possesslon of the Property,the collecpon ol such rent�,iaeues and protits and the
<br /> "`"�''���'' �� applicatlon thereoi ae aforeseld,ahall not cure or welve any defeult or notice of detault hereunder or invalidete eny ect done In
<br /> == ����� •� � `��' '�'` reeponne to such default or pureuent to auch notice ol detault end,notwithatanding the continuance In posses9lon ot the Proparty or
<br /> .,,,,f�.,,,• ' the colleodon,recelpt and appllcatlon d renfs,iosues or prollt�,and Truatee end Lender ahall be enGtled to exercise every�Ipht
<br /> �,��, provld�d lor in any o1 the Loan Inslruments ar by law upo�occurrence of any Event of Deleulf.Includinp withaut Ilmitatlon the ripht
<br /> __-'�:�--;�.,�A to nx6rtsi�U1 iilel powth of eeiu.Fudi�er,i.er�er's rlphts and remedfes under ttUs paraprapt�shatt bs cumulai3va wl!!s,and!n na r�sy s --
<br /> i_ : . �.,���a�,,. Iimitetlon on,Lender's rl�hts end remediea under any aasiqnment of leasea end renta recorded apelnstthe Prope►ty.Lender,Tru�tee
<br /> :_�� .;. h,�„ . end Me recelver ahall be Ilable to account only for those renta actually recelved.
<br /> _ r ,M� 11. Er�nb of DNau�.The followinp shell conatitute an Event of Defautt under thls Deed of Truat
<br /> •. ' (a) Failure to pay any inatellment of principal or Intereat ol any other eum secured hereby when due;
<br /> °-- " �� -
<br /> ` t.. . :'..,;¢ (b) A breaah of or defeuR under any provleion contained in tha Note,this Deod ot Tru4t,any of the Loon Inotruments,or any
<br /> ��� .�-�, '.,. . :. othar Ilen or encumbrance upon tha P�operry:
<br /> '' ' ���_���: � (c) A writ of execution or attachment or eny almiler proceas shall be entered apalnst TrusWr whlch shNl b�oomo a Ilen on
<br /> ,� '�^7���`• .' Ms Prop�rty or any poAlon thereof or inlere�t therefn; �_
<br /> - - * • °� ..• � (d) There ahall be 111ed by or agafnat Trustor or Borrower an action under any present or future federal,atate or other r
<br />_ � ' -.��?'�•�, �tatute,law or reyuletfon reiefinp to bankruptcy,msolvency�r other rellef for dabtora;or there shall be eppointed any truetee,
<br /> -,�. •-�- -�rc.,�: recelver or Iiquidetor ot Truator or 8orrower a ol alt or any part ol the Property,or lhe ronta,lsruo�or prolits thoreof,or T�u�tor �•`
<br /> 1 ..Y-• • , or Borrower shell meke any generel aaalynment for the bene0t ol cradflors;
<br /> -!� "�"w'"'' � (e) The aele,trenafer,laase,asel�nment,canveyance or lurther encumbrance ol all ar any pert of or any interest In the —.
<br /> - - *e► - !I� .�s.
<br />-°_, •� .r � '.S--a � � Prop�rty,elth�r volunterily or Involunterfly,wlthout Ihe express written conaent ot Lender;provided thet Trustor ahall be
<br /> � '�:,.�• ., ...,x •, permilted to ex�aut�a le�w of Ihe Proparty th�t doo�not contoln an opUOn to purchase and the term of whieh does not excaed ��
<br /> '°�. •nw-:•.•.- .+ �� one year, . :ti
<br /> _ �;���� (Q Abandonment ot the Propehy;or �
<br /> --� �+�'�;�,_ ,v� (p) II Trustor is not an Indivldual,the issuence,sate,transler,aaalynment,conveyance or encumbranca oi mora than e total - -
<br /> ' ''�.`�.+��` ol percent of(if a corporation)Ita Issued and outstandfng atock or pf a partnership)a total of percent ot
<br /> :�, ���y�- �x pertnership Interesta during the pedod this Deed oi Trust remefna e Ilen on the Property. , --
<br /> •� 12. R�dNs:AccN�ratbn Upon DHaWI.In the event of any Event ol Default Lender may,wlthout notice except as required by
<br /> �-~� � �q �� • tew,daalare all Indebtedness aecured hereby to be due and payeble and the same shall thereupon become due and peyable ��
<br /> without any presenqnent,demand,protest or notice ol any kind.Thereaker Lender may:
<br /> ti_;� � ., (a) Demend thet Tru4teo exerclse the POWER OF SALE granted hereln, end Trustee shall thereaker ceuse Trustor's
<br /> • �ri. _., Intereat in the Properly to be aold and the proceeds to be distrfbuted,all in the manner provided In tha Nebraake Truat Deeds
<br /> ` . ° Ac� �. ^
<br /> ,- �;. ;, a � (b) Exerclae any and all rlphta provided(or in any of the Loan Instruments or by law upon occurrence ol any Event o} � _
<br /> :' Oefoul�and :::�z
<br /> . , (c) Commence an actlon to foreclose this Deed o1 Trust as a mortqaye,appolnt a recefver,or apecifically enforce any ol the ���-
<br /> ; ` " covenenb hereof. L_
<br /> _ 'V� �y ', No remedy herefn conferred upon or re�erved to Trustee or Lender is Intended to be exciusive ol any othor remedy hereln,In the
<br /> - Loan Inat►uments or by law provided or permitted.but each shall be cumulative,ahall be in additlon to every other remedy given
<br /> hereunder,in the Loan Inatruments or now or hereaRer exlstlny at law or in equlry or by stetute,and may be exercised concurrently, �,��
<br /> • � ' fndopendendy or succeasively. �
<br /> "�T�i � 13. Tru�tN.The Truatee may resign at any time without cause,and Lender may at any time and without cause appolnt a ��w
<br /> ti auccessor or substitute Trustee.Truatee ehall not be Ilable to any party,fncludfng wfthout Ilmitetlon Lender,Borrower,Trustor or eny
<br /> � • purchaser ot the Property,lor eny losa or damage unless duo to reckless or willlul m�sconduct,and ahall not be required to teke any , .
<br /> � ' eCtlon in connection wlth the enforcement of this Deed of Trust unless fndemrnlfed, In writing,tor all Costs, compeneatfon or �
<br /> expenaea whfch may be easocfated therewith.In addltion.Trustee may beCOme a purchaser at any sale ol ihe Properly Qudlclal or �
<br /> ��••�- � L- under the newwr ol snla aranted herelnl: oostoone the aele of all or anv oortlon of lhe Pronerlv.ae DrOVlded bY 18w:or 5611 Ih6 ! '
<br /> Property aa a whole,or in separate parcels or�lots at Trustee's dfscretlon. � �
<br /> „ 14. F�a�d�p�n�.In Ihe event Trustee sella the Property by exerase of power of sele,Trustee shall be entitled to epply
<br /> • , • any sale prxeeds Ifrst to payment of all Costs and expenses of exercising power of aale.InCludiny all Trustee's teea,end Lender's
<br /> " . and Trustee's attorney's lees,ectually f ncurred to extenf permftted by applicable law.In the event Borrower or Trustor exerclaes any ,
<br /> � � ripht provided by law to cure an Event o}Defaull Lender shall be e�tilled to recover Irom Trustor all costs and expensea ectually �
<br /> � � fnCUrred ea e re�ult ot Trustor'a defpul�includlny withoul Ilmltatlon all Trustee's and atlorney's lees, to the extent permllted by ,
<br /> �� .• appllcable law.
<br /> � � 15. Futun AdrancM. Upon request ol Bnrrower, lender may,at ita optlon.make additionel and luture advancea and re-
<br /> � � • � advances to Borrower.Such advances and readvences.with fntereat thereon,shell be secured by thls Deed of Trust.At no time shall
<br /> " . �� � the prfnclpal emount of the indebtedneas secured by thfs Deed of frust.n 1 s advanced to prQ�ect tho securlty ol this
<br /> ` �`- ';`'�, _..'�'-;� De6d of Trust,excaed the orlpinel princlpal amount steted here�n,or S ��'�� whlChever fa p�e61�: � i ti
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