|
� —, „_-• --�- ..�
<br />^`— .... .. '�� ...-....�,,, ..�,... :' » �_ � - --:-_--__
<br /> . � , ....:, � 'i ( r,�!;�"'� �� _..
<br /> S Yf
<br /> �� �.��� �:..�:;���.
<br /> .�/� tlyl 7�P"'n. 1- ,�.!r�—'_
<br /> .Z;�'s� - -- --- -
<br /> -_-�^-.
<br /> .
<br /> _
<br /> n
<br /> - -.�._y_.,.�...�. - 106�`�'6
<br /> :���-� 92- �
<br /> +h.nrop.ny is w�.k�n«d�ma�a.�.nd.r sn�u t�y a+.opaon.In iv rola end�bw1uM dlrerMbn,b apply 41 wet�P�,
<br /> -_ _ _ atM►d�duotlnp tlnrdrom dl oo�b�nd�xp�nsM Inour��tl by II In conn�onon with woh Proa..da,u���y f�-�S�dnc�r:ct+red --
<br /> hK�b�r�nd In woh brde�s L�ndu m�y dN�rmin�,or to�pply�II wah Proc»d�,�Itair�uch d�duaGon�,b th�nslor�Non M th�
<br /> proputy upon woh oondlllon�as I.�nd�r m�y dot�rm�n�.Any�ppllospun of ProcMds to Ind�bt�ln�s th�l�not�xt�nd or PostpoM
<br /> th�du�d�q of�ny paymonb und�►M�NoM.or aun�ny doUult th�round�r or h�nurA�►.My un�ppll�d lunds�11 b�p�W b
<br /> :'; Trusfo►.
<br /> 9, �na�f�L,�nd�►.Upon Ihe ocaurronce of an Even4 ot Oefeulthereunder,or il eny not I�tak�n a Ipd procMdinp r,
<br /> � comm�na�d whloh m�brl�lly�ft�oa Under's Interat In!h�Propety,l.�nd�r m�y In Ib own dl�ontlon,bu1 without obllpolon Oo do
<br /> ' w,and without notic�to ar Mrr�nd upon 7n��tor and without nl�uinp T►u�tor from any obtlp�don,do eny�ot whlch Trostor hu
<br /> � �prNd but I�IIs to do�nd m�y alw do a�y oth�r aot it deem�n�csuary to proteat th�wcurlty h�reol.T�wtor�hall,Imm�dl�Wy
<br /> upon d�m�nd th�rdor by L�ndsr.p�y to lender�II cosb and axpen�es InounW and�um�axp�nd�d by Land�r tn conn�ition with
<br /> ths ex�rcl�e by Lander of the lorepol�p riphb.topethe�wilh toterast ther�on�t the ddault rat�provid�d In th�Not�.whioh�hall M
<br /> ���+ �dd�d to tM Ind�bt�dnas waur�d h�r�0y. L�nde shdl not inaur any U�blllty b�aauN ol�nythlnp It may do or omlt b do
<br /> h�raunder. -
<br /> � �',��:�� g, 11a�dow IIAtl�Ia.Truator thell keep the Propeny In compllance wlth All appllcoble I�wa,ordinanco�and�pulaUona
<br /> ...-_.� relatlnp to Indu�hl�l hyQlene or environmantal protecdon(aolleatively reterrod to hereln as"Environmental Lawa'�.Tru�tor�hdl
<br /> �^��"f° keep ths Properly Ins from all eubitances dremed to be hezardous or toxic under any Environmental Law�(coll�cdvNy nf�R�d W
<br /> �'�"' � h�reln as"Hazardou�M�t�rl�ls").Truotor h�reby war►ante and represents ta Lender thot there aro no Hwurdous M�tori�l�on or
<br /> ��°i�'%" under ihe Property.Truotor hereby aprees to Indemnlly and hotd hermle�s Lender,Its dlrecton,oificen,employees and apsM�,and
<br /> - �ny�uccuars to Lendor's IntereN,from and apaimt any and ell alelm�,dam��e�,losse�wnd ifabllitles arldnp In connecqon wNb
<br /> ��r.• � ?�'�G'�� the presence, use,dispoeel or transport o1 eny Harardous Meterl�ls on, under,lrom or about lhe Propsrty.THE FOREQOINO
<br /> '{°F°'"�'�'�' WARHANTIE8 ANO REPRESENTATION3,AND TRUBTOR'S OBLIQATION8 PURSUANT TO THE FORE(iOINO INDEMNITY,SNALL
<br /> _ �_ _�4;.•�.:��—.— _.
<br /> ��^"Y'r'="`�". SURVIVE RECONVEYANCE OF THI3 DEED OF TRUBT.
<br /> �xu�-�rar�°- 10. �����q�q,Tru�tor hereby assipno to LAnder the renta,isoues and profits of ihe Proporry;providod thpt Tru�tor
<br /> $�1r^!['Y�.�::. ..' ,y,w
<br /> �w�;;�- . .^ .:. ' ehell,unUl Ihs occunence ot an Event of Delaull hereunder,heve tha ripht to collact and refaln such�ente,i�sues and prollb a�th�y
<br />����•���• bacome dua end payaWe.Upon the xaurrence of en Event of Defeult,Lender may,either in person or by ayent,with or without
<br /> ��l�,''�, • •' brinpinp�ny aodon or pruceedinp,or by e receiver appolnted by a court and without repard to the edequecy of its seourity,enter
<br /> , . � upon and teke po�ee�slon ot the Propeny,or eny pert thereof,In Its own neme or In the neme of the Trustee,and do any acb whioh N
<br /> ��`.���-'�+����:. •° deems�eceaeary ot deelrable to preserve tha value,marketabllity or rentabiliry ot the Property,or any part thereot or intereit thereln,
<br /> ��= �;J;�;�;;,,,..:+�',j Increase the i�come thereirom or proteat the securiry horeo}and,wfth or without takinp poaseesion of the Propery,�ud for or
<br />�;.� ..,;, ; . . ; y otherwlse colleot the rents,i�sueo and pro0ts thereof,Including those past due and unpaid,and apply the seme,less costa and
<br /> i. expenses of oparaGon and collecUo�Including attorneys'fees,upon any Indebtedneas aecured hereby,all in euch order as Lender
<br />_ :•.:r.a,��;X";,.,,. , ...
<br /> - �.. may detarmine.The enteriny upon end takiny pos�eaaion of the Property,the collection of auch rents,lasuea and prollts and the
<br /> 1�:�.'���^�y�� epplicetlon thereot as afor�Itl,ehall not cure or watve a�y de(ault or notice of default hereunder or invelidate any act done io
<br /> nsDOnse to euch delault or reuent to such nodce of defeult and,notwllhatendlnp the contlnuence in poaseealon of the Property or
<br /> �•'�`��' � �r.�• the collecdon,recolpt and epplicetlon oi ront�,iasuea or profiie,a��d Truoiae and Lsader sha!! ba cntltlsd to exerCiee e+rery ri�ht
<br /> '�. provlded for In any of the Loan Inatrumente or by law upon ocaurrence of eny Event of Oelault,Includinp without Iimitetion the ripht _
<br /> '�'''_ �.._ -"`�'' �'� to exercise the power of eale.Further,Lender's ripht�and remedies under thle peragraph shell be cumuletive with,and in no way a _
<br /> ° J;°�^"� Ilmitetion on,Lender's rlphU and remedlee undar a�;aaa�pnment of leanaa end renW recaded a�elnst the Property.Lender,TruoWa
<br /> I , 0 4 �" ond the recefver shell be Iipble to eccount oniy lor those renta actually recelved.
<br /> �� ��` " 11. Ewnq ol OdauN.The foMowing ehall conatitute en Event of Qefaull under thie Deed ot Trust
<br /> �_ ..�: .. , (e)Fellure to pay eny inetallment o( princlpel or Intereat of any other eum secured hereby when due;
<br /> �_ �'� (4)A breech of or default under any provlabn conteined in the Note,this Deed ol Trust,any o}the Loan Inctrumants,or any
<br /> ��' �`�`�� � othor Ilen or encumbrance upon the Property:
<br />, � :.��u�;� ,. _� . (c)A writ of executlon or ettachment or any simllar proceaa shell be entered uyelnst Truator which shall become a Ifen on
<br /> the Properly or any port��n thereot or Interest thereln;
<br />-_:_� ��:..�"•�� : '"��Y�r (d)There shall ba Illed by or agelnst Truetor or Borrower an actlon under any present or luture federal,atete or other
<br /> efatute,law or repuletion reletlng to bankruptcy,insoNency or other rellef for debtora;or there shall be appolnted eny trustee, R-
<br />-- � � liP. "" � .��=:=.:. recefver or Iiquldator of Truator or Borrower or of ell or any part of the Properly,or the rents,lasuee or profits thereo},or Truitor
<br /> G� l ',..
<br /> ��'~�' • " or Borrower ahell make any general aesiqnn�ent for the benellt ot credllors; =
<br /> - ' �py�.,.. ' (e)The aele,Vansfer,IQase,asalpnrnent,conveyance or tu►ther encumbrance of all or eny paN of or any Intereat In the _
<br /> •— °' Propdrly, elther volunterlly or involuntarlly, without the exprass written consent ol Lender, provided that Trustor ahall be t
<br /> - _ ",•'"�i` ., '{=�r �• permitled to executa a tease of the PropeAy that doe4 not contaln an opUOn to pwchase end the term of whlah does not oxcaed
<br /> _ ;. ono year,
<br /> � •,�,;='•.:. ..'�.' (f)Abandonment olthe Property.or �,
<br /> _ '� •. . (y) If Tru�tor la not en Indlvidual,the leauence,sale,trensfer,asalpnmenL conveyence or encumbrance of more than e tofal
<br />=`,� •�°,��`�,` ot percent of(ff a corporatlan)Its iasued and outatanding atock or(il a part�erahip)a total of percent ot -
<br />-�� ,y y;,y:. _� � 4: paRnerehip intereats during the periad thla Oeed of T�uet remalns a lien on ihe Property. �__
<br /> 12. R�m�di�r,Aca�l�rdlon Upon 0�i�u141n the event of any Event ot Oefault Lender may,without notice exceptas requfred by �;
<br /> .�,,� •�=•�� �� ,. ; � lew,declere all Indebtedneea secured hereby to be due and payable end the eame ahell thereupon become due and payeble
<br />_� .�,�,, . ° wlthout eny presentment demend,protest or notice ol eny kind.Thereaker Lender may:
<br /> - �;�.�_'' �' . (e) Oemand that Trustee exercfse the POWER OF SALE granted hereln,and Trustee shall thereaRer ceuse Truator's �_
<br />_,�',= fntere�t in the Property to be 4old and the proceeda to be diatributed,all fn the menner provided in the Nebraske Truat Deeda �
<br /> _°'�: �..,. .,; . Ack
<br />, (b) Exercite any and all riyhts provlded lor in eny of the Loan Instruments or by lew upon occurrence of eny Event of
<br /> Defoulk and -
<br /> � ., � (c) Commence an actlon to lorecloae this Deed ol Truat as a mortqaqe,eppolnt e recelver,or speclllcally enlorce any o1 the =
<br /> cov9nenta hereot f_
<br /> . � � No remedy herein conferred upon or reaerved to Trustee or Lender fs intended to be exclusive of any other remedy herefn,In the =
<br /> . � ' ' Loen Inatrumenfs or by law provided or perrniKed,but each ahall be cumulative.shell be in addlllon to every other remedy glven -
<br /> •� hereunder,In the Loan Instrumente or now or hereafter exlsting at law or In equlry or by etatule,and may be exerc{sed concurrently, �;
<br /> _ independently or successively. E
<br /> ' � 13. TrustN.The Trustee may resign at any time without cause,and Lender may at any tlme and without ceuse appofnt e f
<br /> ...
<br /> • aucceasor or aubatltute Truatee.Truatee ahal l not be liable to eny party.including withoutlimltation Lender,Borrower,Trustor or any �
<br /> s„�L.�.•__.__L � f purchaser oi the Propery,for any loas or darnege unlesa due to reckleas or wlllful mfaconduct,and shall not be requlred to take any
<br /> ..�.�. �r.. ....�..........s..� �l �1�1� flnnri nl Tr��al IIIIIq�A Indemnflled.In writina. tor all coats.compensation or
<br /> ._ - -"`-,L ---- -- tl{iUVll lll{rV�1110Y�iVi� i��u� u�v v��.v.�.�......... ... . I
<br /> �Y expenses which may be esaocfaled Iherdwfth.In addltlon,Trustee may become a purcheaer at any sale ol the Property Qudiclal or ;
<br /> ' under the power of sale grented herefn);poatpone the sale of all or any po►ifon of the Properly,as provlded by lew;or sell the �
<br /> • o Property ae a whole,or In separate parcels ar lota at Trustee's dlscretlon. {
<br /> • 14. FN��nd F�atp�n��t.ln the event Truatee aells the Property by er.erclse of power ot sale,Truatee shall be entNled to apply
<br /> eny sale proceeda ffrat to payment ot all coste and expenses ot exerclaing power of sale,including all Trustee's feea,and Lender'a
<br /> - "-"` `y --- -- a��d Truotos':.attOrr:Ci'L tCes,sC!�s!!y!^C�!�•�tn Pr�wnt pPrmitted by aDDllcable 18w.In the eveM BorrOwer or Trustor exerClses eny
<br /> t ----
<br /> „ riQht provlded by law to cure an Event of Delault,Lender ehall be entitled to recover from Trustor all costa and expenaes aclually
<br /> ` • Incurred es a reault o1 Truetor'e delault,Includlny wlthout Ilmltetlon all Trustee's and attorney'e fees, to the extent permittod by
<br /> � • eppllcable luw.
<br /> ' 16. Futun Adv�nas.Upon requeat of Borrower,Lender may,at Its option, make edditfonal and luture advances and re-
<br /> "' � � T edvancea to Borrower.Such advances and readvancea,wfth interest thereon,shall be secured by this Deed of Trust.At no time shall
<br /> �" �'"�, the princlpal amount of Ihe Indeblednesa aecured by thla Deed ol Trust,not Includfng sums advanced to protect the aecurfty of lhla �
<br /> ��-.�:::w:. Daed ot Trus�exceed Ihe orlyinal principal amount statod herel�,or$ whichever is grealer. � -
<br /> r ., ' , t '�
<br /> .. �.5 �
<br /> .4 •
<br /> . I .,
<br /> ..
<br /> �,� �
<br />
|