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<br /> � " tIN Property I��o tak�n or d�map�d,Lsnd�r aFUdl fuw�th�option,In Ib wl��nd�brotuu dlsonUon,b�pply all wch Proawds.
<br /> '°. .. �r, � aft�t tNduodnp th��Nrom�II coib�nd expemes Incurrsd by it In conn�atlan wlth�uch Procs�d�,Up011 Mr IfldObtAdfl�NCUf�d
<br /> '���. ' °��.s: h�r�by and In such order�s Under may d�brmin�,or ta�pply�II�uch Proceed�,aft�r�uoh dbuotion�,W Ihe ratlontlon o1 the
<br /> r���; -'�:. Prop�rty upon wch condltlon��s Lender m�y datermtna.Any spplic�tlon ol Procoad�W Ind�bt�dna�sh�ll not�xt�nd or patpon�
<br /> �" " ? ths du�d�W of any payrnonb undK tho Noq,or eur��ny dd�ult th�roundor or h�raunda,Any un�ppllW lund�shdl b�p�id b
<br /> �� � T�wtor.
<br /> '''��'��°°~"' - 8. P�rlarmane�b Londfr.U n the occurrence of an Event of Defpulthereunder,or It an act Is taken or 1 I roceodln
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<br /> commenasd which materi�lly otteCb Lender'�InMre�t in the Property,Lender mey In ib own diicretlon,tut without oblipadon to do ` '
<br /> �I�a�.r.�'c_,1:i6
<br /> i� �.,,o,,,.. eo,end wlthout notice to or demand upon Truetor snd without�eleeeing Tru�tor Irom�ny abdgadon,do any aat whlch Trwtor h�s _
<br /> f�,� . .�:-�,'�.,:;:;;�;j� aprssd but lall�b do and may elso do eny ather act it deems nsce�sary to protect th�aecurity hereof.Trwtor ahall,imm�dlably
<br /> �--*• upon demand thorefor by Ler►der,p�y to Lender all cosb and expenaes incurred and sums expended by Londer in connactbn with
<br /> ,";-� ,�; A��. :�;�.' lhe ex�rclie by Lender o1 the fore�dn��iphb,topether wNh intereat thereon et the defeult rate provided fn the Nob,which�hall bs _
<br /> •��. � ' added to iha Indabtadnou wicurad hereby.Londor eholl not Inaur eny Itabllily becou�a of anylhinp it m�y do w omlt to do
<br />�� j F=,w«.•,•• `�';� hsrounder.
<br /> a-----•��;,,,�,...; ..:;� ,�, 9. Huardou�Mn�H�ls.Trustor ahall keap the Property In compllance with all appllcebte law�,ordinances a�d repulations
<br /> � ' �,. relednp to Induaulal hypiene a environmentel protecHon(collectively relerred to herel�a�"Envfronmental Law�'7.Trustor sludl
<br /> �,� � �: keep the Property free lrom all oub�lancee deemed to be hazardouo or toxlc under any Environmenal l.awa(collecGvely relerred to
<br /> ���„�„... ��;� hereln as"Hazardous Mate�iab").Trustor hereby warranta and repreaents to Lander that there are no Hazardoui Moteriob on or
<br /> — A;,_�;, under the Propertyr.Trustor hereby aprees to Indemniy and hold harmleaf Lender,Ils directors,oflfcers,employeea and apents.end
<br /> — , eny eucceaaore to Lender's fnterest(rom end apalnat eny and ell clalms,dameges,loaeea and NebiliGea erfsinp in oonnectlon with
<br /> -=_ . '� ,; ��� , the presence,use,dieposal or tranaport of any Haxardous Mete�lals on, under,l►om or about lhe Properry.THE FOHEOOINO
<br /> _-- „ �� �, r WARRANTIE3 AND REPFiE8ENTATIONS,AND TRUSTOR'S OBLIOATION3 PUR3UANT TO THE FORECiOlN(i INOEMNITY,SHALL
<br /> - - - �� 8URVNE RECONVEYANCE OF TH13 OEED OF TRU3L - -
<br /> , 10. Aalpnm�nt ol R�nb.Truator hereby asalpna to Lender the rente,isauos and prolita ot the Property;provlded that Truator
<br /> , •� , ahall,unHl the occurrence of an Event of Oefault hereunder,have the ripht to collect and reteln such rents,lsaues and profite as they
<br /> -� , become due and payeble.Upon the occurrence of an Event ol Default,Lender mey,elther in person or by epent,with or without
<br /> • � .. _:�. brfnping any acUon or proceeding,or by a receiver appolnted by a couA end without regard to the edequecy of ifa eecurUy,eMer -
<br /> � • '' upon and feke po�aesslon oi the Property,or eny pert thereof,in ite own name or in the neme of the Trustee,end do any acts which It
<br /> '�' ' deeme neceasary or desirable to preserve the value,marketebllity o�rentabllity oi the Property,Ar any paR thereof or fnterost thereln.
<br /> , • •...�. increase the Income therefrom or protect the securlty horeol end,with or without tekinfl postesaion of the PropeAy,sue tor or
<br /> .. .� otherwise collect the rente,fsaues end proflla ihereof,includiny those past due and unpald,and eppiy the eame,less co�ta and
<br /> , ' ' ' expenees o}operntion and collectlon includinp attorneys'fees,upon eny fndebtednesa secured hereby,all in euch order as Lender
<br /> _ � . ' may determine.The entering upon and tekinp posseasion of the Prope►ty,the aollectlon of sunh renta,Iasuea and proNts pnd the
<br /> • • applicetlon thereoi as aforeseid,ahall not cure or waive any delault or notice af default hereunder or Invalidate any act done in
<br />' . . „ • reaponae to such delault or pureuant to such notice ol default and,notwithatending the conUnuance In posseasbn ol the P�ape►ty or
<br /> the collection,receipt and applicetlon of renls, feauea or proflts,and Trustee end Lender ehall be entided to exercise every►Ipht
<br /> ' — • . •-- - provlded(or in any of the Loen Inatrumenta or by law upon occurrence ol eny Event of Default,Includin�without IlmifaQon the riQht
<br /> � to exercise the power of sale.Further,Lender's rights and remedies under this paragraph shall be cumuletive with,end In no way a
<br /> ' timitetion on,Lender's rights and remediea under any assignment oi leases end renta recorded apairut the Properly.Lander,Truit�e
<br /> ' +G,�;• and the receiver shall be Iiable to account only fa those rente actually received.
<br /> •• ,� , 11. Ev�nb ot DN�u1L The following shall constltute an Event ol Delault under this Deed ol Trust
<br /> ' � (a) Feilure to pay any Inst�llment of princlpal or Interest o�any other sum secured horeby when due;
<br /> • , .. (d)A breach of or default under any provlaion contained in the Note,this Deed oi Trust,any ol the Loan Inetrumanb,or any
<br /> other Ilen or encumbrence upon the PropeAy;
<br /> ` '� �,��''��"�' (c)A writ of executlon or ettachment or any simllar process shell be entered agefnst Truator which shall becoma a Han on
<br /> '+� , ' the Property or any portion thereof or Intereat therein;
<br /> n � (d) 7here shell be ffled by or agelnst Trustor or Borrower an ectlon under any preaeni or future federel,stete or other
<br /> �'�,: . � stetute,law or regulatlon relatlnp to bonkruptcy,insolvency or other rellef for debtors;or there shall be appoUted any buatee, —�
<br /> �j • receiver or Ilqufdator of Trustor or 8orrower or of all or any part ol the Property,or fhe renta,issuea or prollts thereof,or Trualor
<br /> , � „�� •��y�r- or Borrower shall make any general assignment lor the benefit ol creditors:
<br /> � � """ (e) The sale,lransler,lease,asalgnment,conveyance or turther encumbrance o1 all or any part ol ar eny intereat In the
<br /> � -�._. Propeiiy,either voluntarily or involunterlly, without ihe expresa wrltten consent of Lender; provided that Trustor ahetl be __
<br /> 1 � "^'••� � permitted to execute e lea�e of the Property that doea not contaln en optlon to purchase and the term ot wMch doas not excatd
<br /> ' one year,
<br /> . �.� � (Q Abandonment of the Property;or �!-
<br /> '�. ' ' (q) 11 Trustor Is not an Individual,the IssuanCe,sale,transler,asslflnment,conveyance or enCUmbrance of mae then e totel �---
<br /> � , of percent o((If a corporatlon)its lasued and outstanding stock or(ff a partnershfp)a totel of percentot �`.•
<br /> ,� + �' partnership Interests du�ing the period lhls Deed of Trust remains a Ilen on the Property. -
<br /> , 12. RNnMlNr,AccN�ratlon Upon Def�uN.In the event of any Event ol 0elault Lender may,without notice except as requlred by
<br /> • ' law,declare all Indebtedness secured hereby to be due and payable and the same shall thereupon become due and peyeble
<br /> � without any preaentment,demend,proteat or nodce of any kfnd.ThereaHer Lender may: ��!
<br /> � ' ''�"'_ � ' (a) Demand that Trustee exerclse the POWER OF SALE granted hereln, and Trustee shall thereafter ceuse Truatar's �
<br /> Intereal in the Property to be sotd and the proceeds to be distributed,all In the menner provided fn the Nebraske Truet Deeds �
<br /> • Act;
<br /> (b) Exercise any end all riphts provided lor In any ol the loan Instruments or by law upon ocCUrrence of any Event of ,
<br /> Defaulk and �
<br /> � (c) Commence an action to foreclose this Deed of Trust es a mortgaye,appomt a receiver,or spec�lically enlorce eny of the �
<br /> covenants hereol. �
<br /> No remedy hereln conlerred upon or reserved to Trustee or Lender�s intended to be exclusfve of any other remedy herein,In the �
<br /> Loen Instrumenta or by law provlded or permltted,but each shall be cumu�at�ve.sha11 be in addltion to every other remedy given �
<br /> hereunder,in the Loan Instruments ar nuw or hereatter ex�stfng at law or In equlty or by statute,and may be exerased concurrently,
<br /> . ' Independently ar succesalvely.
<br /> � # 13. Tnnt�.The Trustee may resign at any time without cause,and Lender may at any Ifine nnd without cause appofnt a '
<br /> succeasor or substftute Trustee.Trustee shall not be liable to any parly,includ�ng K•ithout limitation Lender,Borrower,Trustor or any .
<br /> . : c� purchaser of the Property,lor any loss or damege unless due to rec kless or willful m�sconduct,and shell not be reqwred to take any
<br /> action fn connection with the enlorcement of this Deed ot Trust unlesa indemnilied,in wnting, for all costa, compensation or
<br /> ` -- __ . .- - owMoi�000 wi�ii.i�i�iny uo tie5winiau iiia�ewiiii.in autiii�un.TiusitlC rnny btlt;omtl a yurciiaStl�ai any eqia vi iiin�rp�triy�uViciHi pr _
<br /> '� under the power of sale granted here��►;postpone the sale of all or any portlon ot the Property, as provlded by law;or sell the
<br /> •� Property es e whole,or m separate parcels or lots at Trustee's d�sCretion. �
<br /> 14. FM�and Exp�nfh.In the event Trustee sells the Property by exerc�se of power ol sale,Trustee shall be entltled to apply
<br /> any sale proceeds Ilrst to payment of ell costs and expenses of exerc�sing power of sale,Including all Truatee's fees,and Lender'a
<br /> � end Trustee's Rporney's fees,actualiy f ncurred to extent perm�tted by appllcable law.ln the event Borrewer or Trustor exerases any
<br /> rlpht provfded by law to cure an Event ol DefaulL Lender shall be enlitled to recover from Trustor all costs and expenses actually
<br /> �ncuried as a res,.�;.,(��,.otor's .:�;ault.Includfng without limitatfon;.:: '�ustc;,':and:,:t::::eV':".�cC. �4�h=^_.`:tent��•^�!tte�±!`y
<br /> ' appllCable Inw.
<br /> 15. Futur�Advanc�s.Upon request of 8orrower. Lender may,at its optlon.make additlonal and luture advances and re-
<br /> advancea to Borrower.SuCh advanCes and readvancea,wlth fnteresf thereon,sh�ll be aecured by this Deed of Trust.At�o tfine shall
<br /> . the principel amount ol the Indebtedness secured by this Deed of T�ust,nqt�l���ns advanced to protect the security of th�s
<br />, • , Oeed of Trus�exceed the orfglnal prinClpal amount stated herein, or S ' whichever is grealer.
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