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<br /> ' � `' th�P�op�Ay I�so fak�n or damap�d,L�ndu�hdl hw�lh�opUon,ln Ib wt��n��b�oluts dl�ontlon,to�pply sll ivah Proas�d�.
<br /> �� •",:•. aN►d�duodnp th�refrom�11 co�b�nd�xp�ntu Incurrsd by It In aonn�alion wlth�uah ProcNd�,upon�ny Ind�btrdnas Naund
<br /> :-�•�7�"~' � �'' - heaby�nd In�uoh ord�r��L��d�r m�y d�brmin�,ar to�pply�II wch PraNd1,atur�uoh d�duotlom,W th�rwtonGon of Ih� �
<br /> - �:. '���,; �'' • +j PropMty upon suoh aondltions as Lsndor may deurmine.Any appllaatlon of ProcNd�to Ind�bbdn�u shdl not�xtend or po�tpon�
<br /> n.,• ` . � tho du�dat�ol any p�ym�nta und�r th�Not�,or aun�ny ddaul!tha�unde or h�nund�r.Any un�ppli�d fund�sh�M b�p�id to _
<br /> �� :.�� ,. . Tro�tor.
<br /> _ � . . . • 8. P�donrana�br L�nd�r.Upon the oeournne�ol�n Ev�nt of Del�ulth�rwnd�r,or If any aat 1�hken or I�pal proea�dinp
<br /> ��- �'-�-:--=--".<-="" commonned wNlah motwlally aNacta Londor'a Interoat In the Praperty,Lender mey In It�own dlacretlon,dut wlthout obllp�tlon todo �
<br /> ��rac�,� � so,and without noqc�to or demMnd upon Trn�tor end wlthout relM�InQ Tru�tor from eny obliqation,do eny oot whlch Tru�tor hs
<br /> - ��'4- �"���^��;�'_-� aprNd but(�Ils to do md may ala do pny othe►eat It daems nacouery to proUat tho security hereof.Truttor shsll,Imm�diaWy
<br /> .;; �b .: ;• upon dcmend th�retor by Lender,p�y W Lendor ell co�ts and expenses inaurred and aums expended by Lender In conneadon wNh
<br /> __ �v,,�A ths sx�ralu by Lend�r ot tha forepolnp ripht�,topether with intere�t therwn el th�dol�ult nte provlded In the NoW,which ehall b�
<br /> -�,. �• eddsd to th� Ind�btodn�w t�cund h�roby. l.�nd�r�hNl not Inaur any Ii�bllity boauw of onythinp It may do or omlt to do
<br /> � ' `� Mrounder.
<br /> �- ' - . �,:��. 9.H�r�rdow Md�rlat�.Truetor ehell keep the Proparty In aompllance w{th all applica6le law�,ordlnences and repulatlons _ _
<br /> " ': reletinp to Indushlal hyplene or environmsntel proteatlon(colleatively referred to hereln as"Environmenfal Lew�").TrusWr siuUl
<br />�� �: keep the Property f�ee hom all subitancea deemed to be hezardous or toKlc under any Environmental l.awa(aollectively refer�edto
<br /> ��°�` herein et"Hazardou�Meteriale'7.Truetor hereby werrants and represents to Lender that there are no Hezardoue Moteriab on or
<br /> �s�:.arp� ,;,I' •,
<br /> �' . •;� : : under the Properry.Truetor hereby aprees to fndemnily and hold harmtea�Lende�,its dlreotors,oHicera,employeea and apenta.end
<br /> _ „ . any succeeaors to Lender'a Intere�f.lrom and apainst any end all clalms,domepe�,loeiea and IlebiNqes arisinp in connectlon with
<br /> ^ " '.c.. the presence,uae,dleposal or treneport of any Hazerdous Materlals an. under,l�om or about the Properly. TNE FORE�OIN(3
<br /> -' ; ;y WARRANTIES AND REPRE8ENTATION3,ANQ TRUSTOR'S OBUOATIONB PUR9UANT'f0 THE FOREOOINO INDEMNITY,BHALL
<br /> ` � � - � �=��" SURVIVE RECONVEYANCE OF TH13 DEEO OF TRUST. __
<br /> '`-�.�i '. L ..��" . .
<br /> � 10. Aaqnm�nt ol R�nq.Truetor hereby asalpne to Lender the re�te,ioeues and protits ol the Proporty;provided Ihat�'ruetor
<br /> • � " shall,undl lhe occurrence ot an Event of pefault hereunder,have the�loht to collecl and refaln such rente,lesuea and prolib as Uwy
<br /> ' • become due end payeWe.Upon the occurrence of en Event ol Detault,Lender may,elther in person or by apent,with or without
<br /> a ; brin�inp any ectlon or proceodinQ,or by a recelver appolnted by e court and wilhout regerd to the edequecy of Its security,enter
<br />'•� upon end fake po�seaafon of the Prope►ty,or any part thereof,In Ita own name or in the name af the Trusteo,and do eny ecte which it
<br /> �•• , ,,, , ,,�. deema�ecessary or deairable to preaerve the value,marketabiliry or rentabfliry of the Property,or eny pert thereof or Interost thereln, _
<br /> � . „�,� ��, inoreaee tbe Income therelrom or protect the security horeof and,with or wlthout takinp posaesslon d tha Property,sue for or =-
<br /> othe►wlae collect the renta,ieauea end prolits thereof,includin�thoae past due end unpaid,and apply the eame,leaa coets a�d
<br /> � --�---�-~� .�=:'' expensea ot operatfon and collectlon inaludlnp attorneys'fees,upon any Indebtedness eecured hereby,all in iuch orde�as Lender _
<br /> �.:"� ' '� may determine.The enterfnp upon end takinp poasesefon of the Property,the coMection of auch renta,lesues and profita and the
<br /> � . 7 � . epplicatlon thereof as aforesald,ahall not cure or walve any default or not�e of default hereunder or invalidate any act done In
<br /> ,c..� •� reaponee to auch defeult or purauent to such notice of deteult and,notwlthstendi�p the contlnuance In possesslon of the Properryor
<br /> the collection,recelpt and applicetlon of rente,ieaues or profita,and T►ustee end Lender ahall be entltled to exercfae every rlpht �_
<br /> � - -� --- provlaod for In eny ot the Loan Inatrumente or by iaw upon occurrence ot nny Event oi Defauii,tnciudlnp wlihou!!Imltatlon!he rlph!
<br /> � . to exerclse the power of sale.Furlher,Lender's riphts and remedfes under this paragreph shall be cumulative with,and In no wey a � �
<br /> � :;;,� Ilmltation on,Lender's rights end remedles u�der any assfpnment of lease4 and rents recordod ayeinit tha Property.laider,T►u� ! _
<br /> •.,�g " • and the receiver shall be liable to account only for those rents actuelly received.
<br /> .��� , �. 1 t. Ev�nb ol DNaWt The following ahall constitute an Event o1 Defeult under thls Deed of Trust _
<br /> ��;,�, (a) Failixe to pey eny inetallment of princlpel or Interest of any other sum secured hereby when due; �,
<br /> ' (b) A breaah of or defoult under any provlslon contefned in the Note,this Deed of Truat any ol the Loan Inatrumenta,or ony
<br /> . �:;�, :.-..�� '- other Iien or encumbrence upon the Property; ��
<br /> '�� � . (c) A wrlt of executfon or ettechment or eny slmilar procees ehell be entered ayalnat Trustor whlch ahell baCOme a Ilen on
<br /> } • .� "�,� . the Properly or any poAlon thereof or Intereat therein;
<br /> T�• � � �`�� (d) There ahall be ffled by or agalnst Trustor or Borrower an action under any present or(uture lederal, state or other ��
<br /> �!" ", �� � " s181ute,lew or repuletlon relatiny to bankruptcy,insolvency or other rellel for debtors;or there ehall be appolnted eny lrusteB. _
<br /> `�. � � � • receiver or Ilqufdator of Truator or Borrower or ol all or any part ol the Prope rty,or the rents,I�suea or profits thereof,or Truabr
<br /> ,•. or Borrower shall make any yeneral assfgnment for the benelit of creditas;
<br /> � (e) The sele,lransfer,leese,assignment,conveyance or lunher encumbrance ol all or any pert ol or any interest in the ;,
<br /> • + :�tit.� Property, either volunterlly or involunterlly, wllhout the expreas written cansent o1 Lender; provided that Truator ahall be �
<br /> ��: • , �. permitted to execute a lease ot ihe Prope►ry that doee not contaln an optlon to purchese end the lerm of whlch doea not oxcoed _
<br /> one year,
<br /> � a.�; (Q Abendonment o(the Property;or
<br /> �� (p) If Truator Is not an fndlvidual,the lasuence,aele,transfer,assipnment,conveyence or encumbrance of mwethan a tolal
<br /> ��`'* �� � of percent of pf a corporatlon)fts Issued and outstanding stock or(if a partnerahlp)a totel 01 percentoi C-=-
<br /> , . � � • partnerahip Interests during the perlod fhis Dead of Trust remelns a lien on Ihe Property.
<br /> • . � r ' 12. R�m�dia;Accd�raUon Upon D�Mult.In the event of ony Event of Delau It I.ender mey,without notice except as required by _
<br /> ••1 lew,declere all Indebtedness secured hereby to be due and payable and the same shall thereupon become due and payaNe
<br /> .. without any preeentment,demend,protest or notice of any kfnd.Thereafter Lender may: �.
<br /> � ' (a) Demand thet Trustee exercise fhe POWER OF SALE yranted hereln, and Trustee shall thereafter ceuse Trustor's .
<br /> � �. �' interest In the Property to be eold and the proceeds to be dfstrfbuted,all In the manner provfded In the Nebreska Truat Deeds
<br /> Act;
<br /> (b) Exercfse eny and all rlyhts provlded for In any of the Loan Instrurnents or by law upon occurrence of any Event of •
<br /> � } ' . Delault;and
<br /> { (c) Commence en actlon to toreclose this Deed of Truat as a mortflaye,appoint a receiver,or specificelly entorce any of the
<br /> ' covenante hereol.
<br /> No remedy hereln conferred upon or reaerved to Trustee or Lender Is intended to be exclusive of any other remedy hereln,in Ihe
<br /> . Loan Inatrumenta or by law provided or permltted,but each ahall be c umulahve,shall be m addition to every other remedy given �
<br /> � ' hereunder,In ihe Loan Instrumenta or now or hereafter existing at law or�n eqwry or by statute,and may be exerciaed concurrendy, �
<br /> • independently or succesalvely. ,
<br /> , 13. TrusfN.The Trustee may resign at any time without cause, and Lender may at any time and without cause appolnt a •
<br /> �, successor or substitute Trustee.Trustee ahall not be liable to any party.Including wlthout IlmNatlon Lender,Borrower,Trustor or eny t
<br /> y purcheeer of the Property,for any 1098 or damage unless due lo recklessor willlul miscOnduct,and shall not be requfred to take any ,
<br /> � actfon in connecNon with the e�forcement of lhis Deed of Trust unleas Indernnffled,in wnting,lor all r,osts,compensatlonor
<br /> ...tii..ti......,tie e ..ts���tio.e�..iH. 1..e.la���nn Tr��afno mnv hornma a rn�rrhasar at anv sale of the Prooeriv lfudlc ial or .
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