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<br />= - - tM Propeq Is w tak�n ot dart�ped,L,�ndN�hdl h�w th�optlon,In iq�oto and�b�olutr dl�arstion,to apply�I such ProaMd�,
<br /> �fMr�duadnp tMnf►om WI cab�nd�xp�n�Inaun�d by It In connealion with woh ProaMd�,upon rny ind�bt+dn�p aaind
<br /> -- - - — Mr�by and In wah orde u L�nd�r may d�t�rmint,o►to�pply�II�uah ProcNds,al�n wah d�duotlon�,to th�r�atlon W tM
<br />� Pra{�t�►upon wch aondltlom u L�nd�r may d�t�►min�.Any appllcatlon of Procwd�to Ind�bqdnMS�h�ll not�xt�nd or poWpon�
<br />• � th�dw date of�ny paym�nq und�r th�Noh,or aun�ny d�f�ult th�nuntNr a h�r�und�►.Any unsppll�d tund��1u11 b�pdd to
<br /> TrwLor.
<br />"4� 8.P�lo�nwna�by L�ndw.Upon th�oaaurranc�01�n Ewnt of WI�Wt harwnd�r,or If any aot 1�fak�n or I�pd prooNdkW
<br /> comnNnc�d whkh m�t�rl�lly�8�an Lend�r's Inur�ft In th�Properry,l.�ndor m�y In fts own diacretion,but without obllpatbn 10 do
<br /> — so,�nd without notic�to or dNn�nd upon Tru�tor�nd wlthout relp�inp Trustor Irom�ny obllpwUon,do any aot whlcb Truator has
<br /> � apn�d but Idls to dp and mny alw do any oth�r eot It dNm�n�uary to probat the Ncurlty h�rsol.T�uaa�hall,Imm�dl�t�qr
<br /> °°4�"�;.�� upon d«n�nd th�reior by I.�nd�r,pay to Lsnd�r�II coitu ond sxpen�ss inourred and sum�exps�d�d by L�nd�r In conn�aUon with
<br /> th��xwals�by l.�nd�r of Ih�lorpolnp riphb,topeth�r with int�rest th�r�on at ths d�f�ult rate provldad In tM Not�,which�hall b�
<br /> - -- --- add�d to th�Ind�bMdna� s�aund Mnby. Unda shall not I�aur any II�blliy b�cau�ot�nylhinp It may do a aplt to do
<br /> haaunder.
<br /> �"�'��� g,Ha�dpw M�t�riM�.Trustor�II keep th�Prop�rty in compllence with all applicabl�I�ws,ordinencas and repulatlont
<br /> - -==�==.+ffi�•�R'• � rel�Unp to IndwhlYl hyplms or emironm�ntal protecdon(collectively reterred to harein as"Environmennl Laws'�.Tru�tor shall
<br /> �"' � '� keep ths Proparty ine Irom�II subsancss daemsd W be hazardout or toxia undu eny Envlronmental Laws(coll�ctivNy nNrrsd W
<br /> hKein a�"Hazerdoue M�brial�").Truetor horeby warrents and repressnb to Lender that there a��no Huardous M�tsrids on or
<br /> °";,� - � under the Properly.Trustor hereby apreea to Indemnlly and hotd harmlea Lendor,ib direcWrs,oflieera,emptoysst and a�mb.and
<br /> any suces�aors to Lend�r'�intera�R hom�nd�galmt any end all alalm�,damayes,tosses and IlabiNUes arluny In connacdon wNh
<br /> �'�x� the presence,uee,dispoesl or tranepon of eny Hezerdous Mate►lels on,undar,irom or about Ihe Property.THE FORE�OINO
<br /> WARRANTIES AND REPRESENTATIONS,AND TRU3TOR'S 08LIOATION3 PURSUANT TO THE FaRELiOINO INDEMNITY,SHALL
<br /> , ��,,,� 3URVNE RECONVEYANCE OF THIS DEEO OF TRU3T.
<br /> 10. As�ip�d d R�nb.Trustor hereby aosiyne to Lander the renle,lasuee snd prolits ol the Prop�rry;providad that Trustor _
<br /> ����"�'� �: y shell.undl tha ocaurrance of an Event of Oefeult hereunder,have the rlpht to collect end retein euch renfa,iewes and profiq es th�y
<br /> �:•�'''.:.�.
<br /> �` i�`�",a. ���"F ' become due and p�yable,Upon the occurrence of an Event ot 0elault,l.ender mey,eithor in pe►son or by a��nt,with or without
<br /> ,�^ � '' •"� brin�inp any ecdon or proceeding,or by a receiver appolnted by e court end without repard to the adequacy of Its eacurUy,enter
<br /> `�� � upon and teke possesslon of the Property,or any pert thereof,in ita own name or In the neme of the Trustee,and do any ecte which It
<br /> • :.�-• -� deeme necessery or de�irable to preserve the value,me►ketebility or rentablllty ot the Properly,or any peR thereof or intere�ttheraln,
<br /> ;yv� � fncreaae the Income therefrom or protect the aecuriy horeof and,with or wNhout takinp poasessian of the PropeAy, aua for or
<br /> � `Y
<br />..:�;j�s�:Y_,,;:+;�'. otherwlae colleot the rente,issuea and proflte thereof,includinp thoae pest due and unpeid,end epply the same.leas cosb and
<br /> — >>'�•+k ;,��,, e,xpenaea of operatlon and collecdon includfnp attorneye'lees,upon eny indebtednoas secured hereby,all In euch order a�Lender
<br /> _ � ,, may determine.The enterinp upon end tekin�posaession ot the Property,the collecUon of euah renb,iaeuea and protits and the
<br /> = -����'.,•��"'','. ' a licadon thereof es eforeaald.shell not cure or waive any delault or notice of delault hereunder or Involidete eny act done in
<br />__ .:_,�A x ' '.•�..r� PP
<br /> reapqnee to such delault or punuent to such notice ot delault end,notwithstandinp the condnuence In possassion of the Proparty or
<br /> ������" �.� �;. ; the collectlon,recelpt end appNcatlan of rents,issues or proflt�,and Truetee end Lender shell be enUded to exercbe every�ipht
<br /> ::�-,-���?+ proy�decl tor in any of the Loan Inabumonb or by law upon occurrence of any Event of Oelault,Includfnp wlthout Ilmifatfon ths ripht
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<br /> , ,,; ta exerciae the power of sele.Further,Lender'a riphta and remedfee under this parayreph shall be cumulaave with,en in no wur e
<br /> � `.',� �.. �H �4 Hmitation on,Lender's riphta and remedies under eny asaipnment of leasea and rente recordod apaimt the Property.L�tdor,T�ustae
<br /> _ ":.;t' end the receiver shall be Ileble to account only for those rente actually recaived.
<br />_,� .` ��... - 11. Ev�nb ol DNauN.The following shell constltute en Event of Defeult under this Deed of Trust
<br /> �: .� {, .• (e) Failure to pay any inatellment of princlpal or intereat ol any other eum secured hereby when due;
<br /> _ • �� �. (b)A breach of or detault under any p►ovision contelned in the Note,thlo Deod ot Truet,eny of the Loan Inatrument�,or any
<br /> �` ��� other Ilen or encumbrence upon the Property;
<br />, w,.y.;�,:.... -�, '. (a)A writ o l execut lon or a t t ac hmen t or any sfmller proceas shall be entered a yalnat Trustor which�holl become o Iien on
<br /> .,. d � ,,�� the Property or eny po�tlon thereof or Mterest lherein;
<br /> '�: ��,,,�, „ r,,. (d)There ahall be ffled by or against Trustor or Borrower an actlon under any present or luture federaf,stete o►other
<br />'`�f .��. - statute,lew or regulapon reletlny to bankruptcy,insolvency or other relief for debtors;or there shall be appointed any trustee,
<br /> � receiver or Ilquldator of Trustor or Borrower or of ell or any pert of the PropeAy,or the renta,ieauea or proflb thereof,a Truitor
<br /> ' �.a:' •• or Bor►ower shall meke eny general assignment for the benetlt of creditors;
<br />=f:�,.�e��' ° . (e)The eale,transfer,lease,aselgnment,conveyance or lurther encumbrance of all or any pert of or any Intereat In the
<br /> .�,� Property,either voluntarlly or Involunterlly, wlthout the expreas wrftten conaent ot Lender;provided thet Truator ahall be
<br />""`� �:"'si".` „ � �•� permltted to execute a lease of the Properry that does not contaln an option to purchese and the term of whlch doas nd exc�d
<br /> one year,
<br />__— :�t �ie• (Q Abandonment of the Property;or
<br /> ��� .'�:. ,�, �+ (p) If Truetor fs not an Individual,the isauence,sele,iransfer,asilqnment,conveyance or encumbrance ot more than e total
<br /> �'.•..
<br /> •� Ms-, of percent of(If a corporatfon)Ita Isaued and outatending stock or(if a partnership)a total of percent of
<br /> J� •:�''',., • • parU►ership Intereats during the period thle Deed ot Truat remafns a Ilen on the Property.
<br /> '�_ ''� • 12. R�m�dl�s;Aee�Nr�tlon Upon D�hult.In the event ol any Event of Oefault Lender mey,without notice except as requlred by
<br /> _�,� w4�'"#., J.; lew, decla�e all Indebtedneas secured hereby to be due and payable end the same aholl thereupon becoma due and payeble
<br /> wllhout eny presentment,demend,protest or notice of any kind.ThereaRer Lender may:
<br /> ��+���";,�,�..' ' (a) Demand that Truatee exercfse the POWER OF SALE granted hereln,and Truatee ahall theraafter cause Trustor'a
<br /> " "' � ' IMereat In the Property to be add and the proceeds to be distributed,all in the manner provlded In the Nebresko Tru�t Deed�
<br /> � �'. . ... Acx �
<br />:, " ' (b) Exerclee any and all rlphts provfded 1or in any of the Loan Instruments or by lew upon occurrence of any Event ot
<br /> r . Defaulk and '
<br /> (c) Commence an actlon to toreclose this Deed of Trust as a mortyaqe,eppolnt a rece�ver,or apecll�ally enlorce any of the
<br />" " covenenta hereoi.
<br /> � � ° No remedy hereln conlerred upon or reserved to Trustee or Lender Is intended to be exclueive of eny other remedy hereln,In the
<br />- • j � Loan Inatruments or by law provided or permltted,but each ahall be cumulative,shell be in additlon to every other remedy given
<br /> , ��• � '• hereunder,In the Loan Inatrumenta or now or hereaRer exia�ting at law or fn equlty or by atetute,and mey be exercised concurrenUy,
<br />' � * independenpy or succesalvely.
<br /> 13. TrustN. The Truatee may resign at any time without cause,end lender may at any t�me and wdhout cause appoint a
<br /> �' � � aucceasor or substltute Truatee.Truatee ahall not be Ileble to any party,including wlthout Ilmltatlon Lender,8orrower,T�ustor or any
<br /> `,�' purChaeer of the Property,far any losa or damage unless due to reckless or wf Ilful mlaconduCt,and ehall not be requlred to take any
<br /> ection in connectfon wHh the enforcement ot thls Deed of Truat unless IndemnlNed.In wrltlng,(or all costs,compeneation or
<br />• ,�„_,_�___�:.�__. expensoe which may be asaoclated therewfth.In addition.Trustee mav become a purcheser at any sale of the Property Uudiclal a
<br /> _n_ ..�w�1...Is..�• nr�nll fhA
<br /> •'-- under th8 pOwer ot sale grantea nere�n�;postpone ine eaia oi aii vr eii�r Nvi�i�i� 'vi���o r���w.:�,o�v:�••�-�--, •- • -� -- - -
<br /> �� .� Property aa a whole, or In seperate parcels or lota at Trustee's dlacretlon.
<br /> � �•n � 14. FNS�nd Frcp�m�s.In the event Trustee sells the Property by exerclse of power of sale,Truetee ahall be entitled to epply
<br /> any sale prxeeds flrst to payment of all costa end expenses of exercfaing power o1 eale,in�ludfng atl Truatee's feea,and Lender'a
<br /> .� ". and Trustee's eltorney'a leea,actually Incurred to extent permftled by appllcable law.In the event Borrower or Truatorexerclaea any
<br /> � •• rlpht provlded by law to cure en Event of 0efault,Lender sholl be entitled to recover from Trustor all costa and expensea actually
<br /> Incurred as a result of Trustor's delault, includfn9 wilhout Ilmltetlon all Trustee's and attorney's fees,to the extent permitled by
<br /> appllceble law.
<br /> '� �►� ^ 15. Futur�Adv�ncN. Upon request ol Borrower,Lender may, at Ita option,make eddltlonal and(uture advancea and re•
<br /> edvancea fo Borrower.Such advances and readvances,wfth Interest thereon,ahall be secured by thls Oeed oi Trust.At no tlrne shall
<br /> � the princlpel emount of the Indebtedness secured by thls Deed of Trus����n�n�ums advanced to protect the securlry of thle ;
<br /> . �� ,r� • Deed of Truet,exceed the oHpinel princlpal amount etated herein,or S � whichever fs greater. .
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