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<br /> — tM Prop��r b w Wan or d�maq�d,L+�nd���hYll h�v�th�option,In Ib wt��nd abMlub df�cntlon,¢o�pply dl wch ProoNd�, �
<br /> •• - - �ft�r d�duaUnp th�nfrom�II oo��nd�xp�nws lnourr�d by It In conn�cqo�wlth wah PraceW�,upon�ny Ind�bbdn�Nour�d
<br /> � - _ --- h�nC�y lind�n wch ord�r a�Lmder m�y d�trrmin�,w Iv ey�iiy�li woh ProG�d�,�ftcir 4�h dcductlana,!a tha rrxstatadon ot tlts ---
<br /> o,�* P�op�rty upon�uch cnndlpon��s L.end�r m�y d�t�rmlrn.My applloapan of ProcMds to Ind�bt�dnMS�full not�xt�nd or postpon�
<br /> M�du�daU ol�ny paym�nta und�r th�Not�,or aun�ny dd�ult th�r�ued�r or hu�und�r.Any un�ppllnl lund��hall b�pdd to
<br /> Trwto►.
<br /> k,�:.� 8. PKlonnana�br I.�nd�r.Upon th�oaounsnce of an Event ol Dsi�ulthoreunder,or if eny sct I�uken or ispd procNdfn�
<br /> _�r aomm�naed whlah m�t�rl�lly alfeob L�nd�r's inMn�t in ths Prop�rty,L�nder m�y In i1s own dlaoretlon,but without ohltpoGon to do �_
<br /> • so,�nd wlthout nopc�to or d�mand upon T�wtor�nd without ret�adrtQ Tru�Wr hom any obllpaQon,do�ny sot whlah Trustor hu
<br /> ��rc�d but f�ll�to do and may�Iso do any oth�r aat it dNm�neaeuary ta protsat 1he aeoudly hereof.Tru�tor shNl.Imm�dl��iy
<br /> � upon dMn�nd thentor by Lend�r,pay to L�nd�r all cosu and expenies Incurred and�um�axpended by L�nd�i In conn�atlon wMh
<br /> ---- �=a,-.�y,.�:� the�xerolss by Lender o1 tho lorpolnp riphts,topether wlth Interest therson at the dofault rsb p►ovid�d in ths Nots,whlah sh�ll b�
<br /> ��' �.� �. edded to th�indobt�dnaa s�ourW h�nby. LAnd�r shall not Inaur any Il�bility b�oauw of anythinp It m�y do or omN W do
<br /> z�i�:,
<br /> ,��yf,�r}?f�^'1 ."� . i1K�ufldYf.
<br /> --- - _.-r,�-, g. Il�s�rdous M�I�MaM.Trustor�hell keep the Propertyr In compliance with all appllceble lewe,ordnencee and rpul�tlom ___
<br /> ��~�s�•�k� relaGnp to Industrlel hyplsne or environmontal proteadon(collecttvely referred to hereln es"Envlronment�l laws').Truttw th�ll -
<br /> ���'"'-" keep the Property h�ee trom all�ub�tunaea deemsd to be haurdous a toxlc under any Envkonmentel Lsws(collecGvely referred W
<br /> �=�.�.�{�� hereln ae"Hazardoue Matariel�'�.Trustor horeby war�ante and represente to Lender that there are no H�zardoua Matedals on or
<br /> ��'��� undsr ths Property.Trustor hereby apree�to Indemnly ond hold harmles�Lender,{t�directore,oflicers,emptoyeea and apena,and �
<br /> v��',�;�p��;,��� any succ�wton to Lender'a Inte►eaf,lrom and apolnat any and all alaimf,damepes,loasee and NablliGes arioi�p In conneatlon wlth
<br /> • � the pretsncs,use,diepotal or tran�po�t of any Hazardous Mete►ial� on, under,Irom or ebout Ihe Property.THH FOREQOINO
<br /> -;��:._;_,��. ��:;�' WARRANTIES AND REPRESENTATION3,AND TRUSTOR'8 08LICiATIONB PUR8UANT TQ THE FORE(301N(i INDEMNITY.BHAU. -
<br /> *;-'�� -.Fr�.� : - �- 8URVIVE RECONVEYANCE OF THI3 DEED OF TfiU8T. ----
<br /> '� ;,,,�?°. •. ��� � 1 O.Asdpnm�nt W Amb.Trustor hereby easipns to Lender the rente,faeuea and prollta of the Properiy;provided thet Trusto►
<br /> ���J=`•�� -� ' �,�''��" shell,unGl the ocaurrenc�of an Event ol Default hereunder,have the rlpht to colleot and refaln such rents,Is�ues and proAta a�they
<br /> :r�. . �' ^ become due and poyable.Upon the occurre�ce of en Event of Detault,Lender may,elther in peraon or by apent,with or wlthout
<br /> .� . "_' • •. ° � j brinpinp any acUon or proceedlnq,or by�receiver eppolnted by a court end without re�erd to the adequacy of Ita sacurity,enWr
<br /> "" ' � ;'S�� u p on end take p os�esaion ol the Propery,or eny pert thereof,In Its own neme or in the neme ol the Tru�tee,and do any aots whl�h It
<br /> " � deems neceaeary or desirable to preserve the velue,marketebllity or rentabllity of the Propery,or any part thereof or Intereat therein,
<br /> �. �.. ' � ;K '� inareato the income therefrom or protaot the seourity horeof and,with or wlthout takinp poss�sion of the Proparly,sue lor ar -
<br /> otherwlee colleat the rents,issuea and proflte thereof,Includinp those past due and unpaid,and apply Ihe eame,Ieas coaq end
<br /> ,�•�� �� � expensea ot oporaQon and collection Includinp attorneys'feea,upon any indebtednesa secu�ed hereby,all In euch ader es Lender
<br /> •� �� may determine.The entering upon and takinp pos�eselon of the Property,the collection of auch rent�,iasues and p�afite and tha
<br /> � • � ' applicaUon thereof ae aforesald,shall not cure o�walve any delault or notice of detault hereunder or invalidete any act done In
<br /> � reaponee to euch detault or pursuent to auch notice of default and,nohvithatandlnp the contlnuance in poase�aion of I�e Properly or ��
<br /> �• ::,: •:
<br /> = ,_ ' the collecUon,recelpt and applicaUon ol renq,Isaues or proflta,and Trustee and Lender shall be entitled to exercise every ripM �
<br /> _ - =_
<br /> '�'� • provided tor in eny of the Loan Inatrumentt or by I�w upon occurrence ot any Event ot Oefault,Inclutlinp wltnout I�muatwn the n�ht
<br /> ' to exerclse the power oi eale.Further,Lender'e riyhts and remedles unde�thle perepraph ahaN be cumulative with,and In no way o
<br /> � Ilmltation on,Lender's ri�hts and remedles under eny aesipnment of leases end renta reeorded aflelnot the P�oparty.Lendor,Trustee
<br /> ,sl�; " " and the receiver shall be IleGte to eccount only for those rents actually recelved.
<br /> , �+. � ���' 11.Ev�nb ol DM�ull.The followinq ahall conetNute en Event o1 Defeult under thi4 Oeed ot Truet
<br /> a1°"-' �� � (a) Fallure to pey any inatallment ol princlpal or interest of eny other aum aecured hereby when due; �
<br /> � ° "�- - (b) A breach of or delault under any provielon contnined in the Note,this Deed of Tru�t,any of the Loan Inatrumonts,or eny
<br /> �• . � � ." otlwr Ilon or encumbrance upon the Property; �=
<br /> '` n ': � � (c) A writ ot executlon or attechment or any almiler procesa ehell be entered eyeMst Tru4tor which shall bacome a Ilon on
<br /> *� the Property or eny pu�tlon thereol or interest lherein:
<br /> (d) There ahall be Ifled by or agalnst Trustor or Borrower an acdon under any present or future(ederel,atete or other
<br /> �yti' � � .. atalute,lew or reputatbn relatinp to benkruptcy,inadvency or other rellet for debtore:or there ahall be appointed any lruatee, ----
<br /> �.u• receiver or Iiquldator of Trustor or Borrower or of all or any part ol Me Property,or the renls,Iosues or profita thereol,or T�ucta
<br /> , ,. ; �h•�•' � "� � or Bo�rower ahall make any y�naral aselgnment tor the benelft of crodltors; __._.
<br /> ;� ,�',� �� . (e)The aele,trensfer,leate,assignment,co�veyance or further encum4rance ot ell or any part of or�ny Interest In the
<br /> Property,elther volunterlly or Involunterily, without the expreaa wrltten conaent of Lender; provlded lhat TrusOOr ehaH be �
<br /> �;.�" � '�°'�* �.,� permided to axoauta a leaoe of the Property that doas not contain an optlon to purcheaa and the tarm of whkh doef not e�cs�d �
<br /> � ono year,
<br /> `' ' . p�• . (� Abandonment of the Propeny;or --
<br /> ° `�' '�� (�) If Truetor is not an Individual,the Iasuance,sale,transler,asalynment conveyance or encumbranco oi morethan o total ---
<br /> . . �°_�-
<br /> y n
<br /> ,�,, ., ° °�� � ot percent of(If a corporatfon)Its issued and outatanding stock or(II e parinershlp)o totel of percent of
<br /> ,�r,:�_a t::.-:� parinerehip inte�eats during the perlod thls Deed of Trust remalns a Ilen on the Property. _
<br /> 12.R�m�dia;AccN�ntbn Upon DNsult.In the event ol any Event ol Detault Lendar may,wilhout notice except as requlred by ---
<br /> N, " � lew,declare all Indebtedness aecured hereby to be due and payable and the seme shall thereupon become due and payable °--
<br /> -..?y�;�,. r without ony presenlment,demend,protest or notfce ol eny kind.ThereaRer Lender may: _Y
<br /> � (a) Demand U�et Trustee exerclee the POWER OF SALE granted herain, and Truatee shell thereafter cause Truetor'e _,
<br /> interest in the Property to be aotd end the proceeds to be dlatrlbuted,all fn the manner provlded In the Nebraska Trust Daeds -=z°�'
<br /> ACk
<br /> s � (b) Exercl4e any and all righta provided for In any of the I.oan Instrumenta or by law upon occurrence ol any Evont of
<br /> � ' Detaulh,end
<br /> (c) Commence an actlon to foreclose this Deed ot 7rust as a mortpeya,appolnt a receiver,or apecHlcally enlorce any of tho �----_;
<br /> • ° covenants hereol. �"
<br /> .�a No remedy herein conferred upon or reaerved to Trustee or lender Is intended to be excluslve ol any olher remedy herein,In the
<br /> ., Loan Instrumenta or by law provldad or permitted,but each ahall be cumulative,ehsll be In eddltfon to every other remedy qiven � .
<br /> • hereunder,in the Loan Instruments or now or hereaker exlsting at law or in equfty or by statute,and may be exercised concurrently. :
<br /> . � Independently or aucceasively.
<br /> . - 13.Tru�tN.The Trustee may resign at any time wfthout cause, and Lender may at any time and wfthout cause appofnt e
<br /> " succoasor or subalitute Trustee.Trustee ahall not be liable to any party,Including without Ilmitatfon Lender,8orrower,Trustor or any
<br /> � ,• purcheeer of the Property,lor any loss or damage unless due to reckless or wllllul mfsconduct,and shall not be required to teke any �
<br /> �.�,_;,�._ � ,� _ actlon In connection with ihe enlorcement of thls Deed of Trust unlesa Indemnflied, In wdtinp, for all costa,compensetbn or �
<br /> - ----- ---�-�----- -- ----'�-- . . . .....'- �. -'-- �_..�'------"'-..-'_-''""�
<br /> _�_....ti_o. ......,,n....�..�s�w
<br /> �-� - �---- 9%p8nSB8 WI11C�I�IBy D6 asBOCieied i�drdwiiii.in auuuw��, nuo�oo nmr�o�.v��ro a pu��.iww.o.o���oa�o�..�..,. �:r....��......•»•-' :
<br /> �� under the power o1 sale�ranted herein);postpone the sale ol all or any po�tion ol the Properry,as provfded by law:or aell the �
<br /> Property ea a whole,ar In separate parcels or lots at Trustee's discretlon. �
<br /> �• 14. FNS and Exp�nu�.In the event Truatee aells the Properry by exerclae ol power of aale.Truatee ahall be entltled to apply '
<br /> • ,. any sale proceeda fi►st to payment ol all costa and expenses ot exerclslnp power ol sale,Including all Trustee's fees,and Lender's �
<br /> end Truatee's attorney's fees,ectuetly Incurred to extent permftted by appllcable law.ln the event 8orrower or Trustor exercises any �
<br /> -. -'�- ------- -- rlQht grevlded by�ew tn rnr«.nn Fvwnt n1 Dwtaun.Le�der shell be eMitled to recover from Trustor all costs and expenaes actually
<br /> Incurred ae a reault of Trustor'a delault,Includfnfl wfthout Ilmltatlon all Trustee'e and ettorney'e leus, to the extent permltled by
<br /> �� ePPllceble law. i
<br /> r� 15. Futun Advancn.Upon requeat ol 8orrower, Lender may,al fts optlon,make addltlanal and futute advances and re- �
<br /> 3'�i ". advances to Borrower.Such advances and readvancea.wlth fntereat thereon,ahall be secured by this Deed ol Trust At no fime ahell �
<br /> � ,t;, ,y, ._ the princfpal emount of the indebtedness secured by thlo Deed of Trust,not���u�s�s advanced to protect the security pt thle ;
<br /> +• �• � % Deod ot Truot exceed the orlpi�al princlpal amount stated herem,or $ � whlchever Ia gr�r.���:" ,.�
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