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<br /> _ . (p) 11 Trwtor is not an Indivldwl,fha lauanoo,w�e,tran�!er,ss�ipnmont,convey�nc�or enaumbranc�ol mors thari a bhl
<br /> of p�rcent of pf a corpoapon)la luu�d�nd outat�ndlnp�tock or(II a partnerthip)a toul of psro�nt of
<br /> ' pertnsrohip InUresb durinp ths p�riod thl�Ds�!01 Truet remalm a Ilen on the Propery.
<br /> � „ , M;,�� , 12. R�nNdIN;Ac�Uon Upon DM�u�.In th�ovent af any Event of Defeult Lender mey,wlthout noUce except�s requlr�d by
<br /> •�,;r,;,.:..6 ". ... , law,declare all Indebtedne�t secured hereby to be due and payable end the aeme shall tharoupon b�com�dw wnd payaba
<br /> � wltlwut any pre�entnwnt,d�m�nd,protat o►noUce of eny klnd.The►eaRer Lander mey:
<br /> • �yt_y (a) Demand tha!Tru�tes sx�rolsa tha POWER OF 3ALE prahted herefn,and Truatee shall thereafter cause Trustor's
<br /> - -= i�ter�t in tho Property to be 4o1d ond Iho proc�d�to ba distributed,all in tho mann�r proviWd in Ih�NWraska 7runt DMds `-
<br /> Aot
<br /> ,'�w�'��, (b) ExerclM�ny a�d all riphh providod lor In any o}tha Loan Inttrumonb or by law upon occurrence of any Evant of
<br /> Wfout�and
<br /> ,;.,,.. ;Y , �; (c) Commenca�n�adon to foroolose this Deed of Truot a�a mortpape,�ppolnt a recalvar,or speciflaally anforca any of tho
<br /> �� � ••� � oovenent�hereof.
<br /> -- No remedy hereln conterred upon or raaerved to Trustee or Lender I�intended to be excluelve of eny other romedy hereln,In the
<br /> _ � •�r°���. Loan inetruments or by lew provided or permitled,but each ahall be cumulative,ahall be in addition to every other remedy plven —
<br /> �u�� �� ���`� hareunder,In the Loan Inehumanb or now or h�roafter exisHn et lew or in
<br /> ;!r'u,a�_;, p aqulty or by stetute,and moy be exorclaed conaurrenqy,
<br /> _�;�• Independently or aucceasively.
<br /> - •3_�. 13. TrustN.The Trustee may realpn at any time wlthout cause,end Lender may at any time and withoul cauee appoint a
<br /> _ ;;,r• ra`• �n� succeaeor or eubsdtute Truatee.Trustee ahall not be Ilable to eny perty,includinp without Ilmitedon Lender,Borrower,Truator or any
<br /> ��`v°�= purchaeer oi the Property,for any losa or demape unlesa due to recklesa or willful miecanduct,and�hell not be required to tako any
<br /> ;:�.:.•.,•�: �.• �• t� aaUon In coRnectlon wlth the enbrcement of this Deed ol Truat unlesa Indemni8ed, In writlnp,for all coete,compen�atbn or
<br /> y,<<• , expenaes whloh mey be assocleted�fherewUh.In additton,Truatee mey become e purchaser at any eale of the Properry�udiolal or -
<br /> , _ _ _ xs.�=�� ._�su�� under the power of.sala�ranted he�eln);poetpone the eele of ell or any portion of the Property,ea providod by law;or sall the �-
<br /> - ;�' ' •� • �� P►operry es a whole,or in separate parcels or lots at Truetee'a dlearedon.
<br /> _ ��'� `` �` 14. FNS�nd Exp�n�.In the event Truetee aells the Properly by exerclae of power ot sele,Truetee shall be entltled to apply
<br /> ��- '�, • � an oale roceed�Orst to a ment of all coats and ex enaea oi exerclei�
<br /> Y P p y p p power of aele,Including ell Trustee's lees,end Lender'a
<br /> � .� ±, �� '`-� and Truatee'a attorney's feea,ectually Incurred to extent permltted by applicable law.In the evenf 8orrower or Trustor exerciees any �,,.
<br /> - �: •� �•� � rl�ht provlded by lew to cure en Event of Oefault,Lender ahell be endtled to recover from Trustor all coats and expensea actually
<br /> , ,: Incurred as a result of Trusta's defautt,Includinq without Nmitetlon all Truatea's and attorney'a tees,to the oxtent permltted by
<br /> , �,�,''�a""'�"'.`�^`.��� aPPlioeble lew. _ ..
<br /> - ; -0 r. ;1�;• 18. Futw�Adranc�t. Upon request of Borrower,Lender may,at Its optlon,make additional and future advances and re- �.-
<br /> edvencea to 8orrower.3uch advancea end readvances,with Intereat thereon,ehell be aecured by thia Deed of Trust.At no tlme ahall y"°
<br /> � ..�'�••�t'���' tha p►Incipal amount of the indebtedness secured by thla Deed of Trust,not Includinp sume advanced to protect the teourlry of thla �'`-
<br /> - a'• � • Deed of TrusL exceed the oripinal principal amount atated herein,or s whichever le qreater.
<br /> .�' I> + _
<br /> 10. MbcMl�n�ou�Provhiom. ��`'
<br /> „�.��;'�`��_ (a) Bonow�r Not RN�aNd. Exten�ion ot the time fa payment or modillcatlon of emortization d the sums aecured by thia __
<br /> . . . - . � - i3eed of i►ust yrented Dy Lender!o any euceeseor in Intereat of Borrower shall not ope►ete to release,in any menner,the Ilebllity —
<br /> •R of the oripinal Borrower end Borrower's succesaors In InteroaG Lender ahall not be requlred to commence proceedin�a epefnst --
<br />-� ° • auch sucCeseor or refuse to extend time for payment or olhervvise modlry amortization ol the sume securad by this Deed of Truat =°
<br /> � Y• . by reason ot any dementl4 mede by the orlginel 8orrower and 8or►ower'a euccesaors in interee�
<br />_ s ,�f ,,._;,��..:.,.•..". (b) L�nd�r's Pow�n.Wllhout aflectinp the Iiabllity of any other peraon liable for the payment of any oblipadon hereln
<br /> . r. � ' " ' mentioned,and without a(IecUng the Ilen or charge of thia Deed ol Truat upon any portlon of the Property not then or theretofore
<br /> �+ released as aecurily for the(uM arnount of all unpeid obligationa,lender mey,from time to time and wlihout noUce p)release any
<br /> • '",`� . ° person so Ilabte,(If)extend the maturily or aBer any ol the terma of any auch obligationa,pll)grant other indulpences,(Iv)release
<br /> ' " " ,�'' � ., or reconvey,or cause to be released or reconveyed at any time at Lender's option any parcel,poAlon or ell of the Properry, !:,-�
<br /> '' �_ (v)teke or release any other or additional security for any obligatlon herein mentloned,or(vi)make compoaitlons or other --
<br /> 4v � �� • � x'�'" erranpements wlth debtora in relatlon thereto. —
<br /> � �"`��'' (c) Forb�aranc�by L�nd�r Not a Walv�r.Any lorbearance by Lender In exercising any right or remedy hereunder,or --
<br /> '� �`"'t� ��"''�f�' otherwlae aHorded by applicable law, ahall not be a waiver of or preclude the exercise of any auch rlght or remody.The
<br /> 3�� . " V procurement of ineurance or the pe yment of taxes or other Ilena or char ges b y Lender shall not be a waiver ol Lender's ri pht to �5—,
<br /> �. accelerate the meturly ol the Indebtedneas secured by thls Deed ol Trust. —
<br /> � ��'�� ° (d) Succ��w►r�nd Atslpn�Bound;Jolnt and 8w�ra1 LIablNty;�Captbns.The covenenta and agreementa hereln con- '`'
<br /> ��� • ��� teined shell bind,and the rl�hts hereunder shall Inure to,the reapective succeasora and assigns of Lender and Truator.All
<br /> r. � � � � coVenante and agreements ol Trustor ehall be jolnt end aeveral.The captions and heedinga of the para�raphs o1 thla Deed o} �:V-
<br /> ,`. • •• � �` Truat ere tor convenience only and are not to be uaed to interpret or define the provlsfons hereoi.
<br /> , L� �` (e) Rpuat lor NoticN.The artles hereb re uest that a co ol an notice of defaup hereunder and a co ��
<br /> � J�,« ,.� P Y Q PY Y pY of any notice _
<br /> , . - d, ,. - of sale hereunder be malled to eech party to this Deed of Trust et the address set torth ebove M the manner prescribed by �-"
<br /> " �� applicable law.Except for any other notice required under appliceble law to be given in another manner,eny notice provided -�t
<br /> -:L ' .. '�. fOr In th18 Deed of Truat shell be gfven by rnailing suCh notice by certilled mall addreased to the other pertiee,at the addresa aet
<br /> , t , , forth above.Any notice provided for In this Deed ot Truat shall be eNbctfve upon malling in the manner dealgneted hereln.If "
<br /> � �- - Truator is more than one peraon,notice sent ta the address set torlh above shall be notice to all such pereons. �
<br /> �� (Q Imp�oGon.Lender may make or cause to be made reasonable entries upon and inspectlona ot the Property,provfded
<br /> . , ' �, that Lender shell gfve Truator notice prlor to any such Inspection specffying reasonable ceuse theretor related to Lender's -,;�`:
<br /> . interest in the Property.
<br /> � � . � (g) R�conv�ranc�.Upon payment of all sums secuted by fhis Deed of Trust,Lender shall requeat Trustee to reconvey the `
<br /> . '' „ Property and shall surrender this Deed ol T�u3t and all notes evidencing indebtedness secured by this Deed of Truat to Trustee.
<br /> i� '� Truatee ahall reconvey the Properly wiMtput warranry and without Charge to the person or persons tegally entitled thereto. �•
<br /> �" " Trustor shall pay all costa oi record�tlorG ihany. �
<br /> (h) P�nonal PropoMy; S�cur(ty R�lMn�M. AS additional sacurity for the payment ol the Note, Truator hereby grants �
<br /> Lender under the Nebraska Uniform Commercial Code a securlty interest in all Ilxtures,equipment,and other personal property
<br /> • used In connecdon with the reel estate or improvements bcated thereon,and not otherwlse declared or deemed to be a part of
<br /> • ' • the real estete secured hereby.This Instrument shall be construed as a Secunry Agreement under eald Code,and the Lender � '
<br /> � ahall have all ihe rlghts and remedies of a secured party under said(;ode i n addition to the rights and remedles created under !
<br /> ' and�ccorded the Lender pursuant to this Deed of Trust;provided ihat Lender's rlghts and remedies under this paragraph shall
<br /> be cumulative with,end in no way a Ilmitauon on,Lender's rights and remodles under any other securlty agreement slgned by �
<br /> Borrower or Trustor. ,
<br /> � (f) Ll�ns and EncumbrAnc��.Trustor heredy warrants and represents that thore fa no delault under tho provlafons of any
<br /> - --— mvrigage,deed oi irusi,iease or purcnese contract oescnnmg au Or any part ot tne Property,or other ContreCt,InBtrument o� '
<br /> egreement constltuting a Ilen or encumbrance against all or any part of the Property(collectively,"Llens"),existing as ol ihe
<br /> date of thfs Deed of Trust,and that any and all exisling Liens remam unmoddied except as disclosed to Lender In Trustor's �
<br /> wrlqen dlsclosure of Ifena and encumbrances provided for hereln. Trustor shall timely perlorm all of 7rustor's obllgatlons,
<br /> , covenents,representetlona and warr�ntles under any and all existing and f uture Liens,ahall promptly forward to Lender coples
<br /> of all notices of delault aent in connection w�th any and al1 exfating or lulure llens.and shatl not wifhout Lender's prior wr�tten
<br /> t , consent In any manner modiiy the provisions ol or allow nny luture advances under any exlating or tuture Liens.
<br /> U) Appllcalon ol Paym�nt�.Unless otherwise reqwred by law,sums pa�d to Lender hereunder,including without I�mitation
<br /> . payments of princlpel and►nterest,Insurance proceeds,condemnation proceeds and rents and profrts,shell be applfed by
<br /> . Lender to the amounts due and owing from Trustor and Borrower�n such order as Lender in ua sole disc�et�on deama desirable.
<br /> � (k) $w�rablNty.II eny provlslon of t{iia Deed of Trust conlllcts wnh appllcable law or�s declared �nvalfd or otherwfse
<br /> • � „ unenforceable,auch conlllct or f nvalldity shall not aHect the o�her provlsona of Ih�s Deea of Trust or the Note whfch can be
<br /> "'' glven eHect wlthout the conflicting pruvisfon,and to this end the prowsions ol thfs Deed of Trust and the Nvte are declared to be
<br /> . eeve�eble.
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