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<br /> _ . _��_�_�t,��. - tAe Property le eotaken�►►d�m�Qed.LMdN�h�ll FIAV�dl�OptiOR,in Ib soU ond abwlut�dl�antlon,to�pply dl�uah PracNd�, -
<br /> �yp;����r�; �ttor doducHnp tMr�}ram�II co�b�nd�xpsnt��incurrsd by It In aonnectlon wIM�uah ProcaWs,upon any Ind�bt�n�u wcund
<br /> �� ,� .,,., . ,� husby and In such ordsr ss Und�r m�y d�termine,or to apply ell such Procssds,aR�r�uoh deduapons,to th�r«WreUon ol th�
<br /> :�$s�;�'�,:;•.' �' Prop�rty upon woh aondlUorn�s Londer may d�tarmins.Any eppllcapon ol Proceod�to Indobt�dn�ss�h�ll not�xt�r►d or po�tpon�
<br /> .�,,,�,; . •< th�dus d�b of any p�yrn�nb und�r th�Not�,or our�any d�hult th�r�und�r or h�r�und�r.Any unappll�d funds�h�ll b�pald W
<br /> T- .r-~--•-" Trwux. '.�
<br /> '"••c,��t-��' 9. �rlormanc�by l.rnd�r.Upon ths ocau�rence of en Event ot 0efault hereundsr,or If any�at i�hken or Ipal procwdinp
<br /> �"" = t '� � comm�nced whlch rtuiterlally�Hecb Lender'a interest In Ihe PropeRy,Lend�r may In It�ow�dl�cratlon,but without obll4atlon to do
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<br /> �,:� . 4�.b'�'" a o,a n d w i t h o u t n o t l c e t o a d�m a n d u p on Truetor end wlthout rel�aNn q Tru�tor irom any oblipation,do any aot whicQ Truator hae
<br /> '-II _ _ agrwd but i�Us W do and may abo do ony otha►ect It dvem�n�ce�ary to proleat the wcurlfy hareof.Trwtor ihall,Imm�d l�t�ly
<br /> f='- .� upon dsmand th�retor by Lender,psy to Lsnder au cosb and expenses incurred and,ru�ar e�yo�i�ioJ Ly Lenriar ir aarsrs:c!lats�s!!!t —
<br /> _,_�`;�^.,n�:":..t;���. the exercl�e by 4ender o1 tha forepolnp rl9hta,topether wUh Inte�est thereon et the dalault rate provlded In ths Note,whfch shall bs
<br /> � „ _ edded to the Indsbtadni�s �scurad haraby. Landor thall not Ir�cur any Ileblllty bacauw of�nythlnp It may do or omlt to do
<br /> ,,�� .�' R,., _ heraunder.
<br /> ,. _ , � 9. Hu�rdou� M�t�ri�b.Truetor ehall keep the Property In compllence wlth all appllcaWs lawe,ordlnancea and reyulaUons
<br /> _;,�,,,..�,,�, • relednp to induddal hyplene or envlronmenfal protectlon(collectively referred to hereln as"Envlronmentel Lawa'�.Trustor�hall
<br /> ';p�{. S•-�.:�� ���•:,_ keep the Property tree Irom aU aub�tancea deemed to be hazardoue or toxlc under eny Environmental Lewi(collectively referred to
<br /> , e; . hereln as"Hezaidoue Moterlals").Trustor hereby werranta and represents to Lender thet there are no Hazardous Meterlals an or
<br /> -- ;n.t under tho Properly.Tru�tor hereby a�rees to indemnly and hald harmtess Lender,ita dlrectore,oHlcere,employees and apents,and
<br /> �`".•' .:�``ri°:'."": ' eny auccessors to l.ender's lntereit,trom ond apainat eny end a11 clakns,domaQe�,loases and ifabllttles arlslny In connecUon wlth
<br /> — ' ^�-��}"��^� � the presence,uee, dlepo�al or traneport ot any Hazardaus Matertals on,under,lrom or a6ou!the Property.THE FORE�OINCi
<br /> �i�: �:��`:�':-t..�# �"' WARRANTIES AND REPRE3ENTATION3,ANO TRUSTOR'8 OBUdATIONB PURSUANT TO THE FORECiOIN(3 INOEMNITY,SHALL
<br /> LiURVIVE RECONVEYANCE OF THIS DEED OF TRUST.
<br /> __ ^ 10. Asdynm�nt ol R�nb.Truetor hereby aaalgna to Lender the rents,lasuea and proNts of the Property;provlded that Trustor
<br /> �-- � � shall,unGl the occurrence of an Event ol0efault hereunder,have the rlght to collect and retain euch rents,Iaaues and prollts as they
<br /> � , become due end payable.Upon the occurrence ol an Event of Oefault,Lender mey,either In pawo�or by aqent,with or wlthout
<br /> brinping any acdon or proceedinp,or by a recelver eppolnted by e coun and wlthout�operd to the adequecy of its security,enter
<br /> `.'�f'- � ,� upon end feke polsesslon oi the Prope►ty,or any part Ihereof,In ite own neme or In the name ol the Truatee,and do any acts whlch R —
<br /> deems neceseary or deslreble to preaerve the value,marketablNty or renteblllry ol the P►operty,or any paR thereol or intereet thereio,
<br /> -='.�5 � ., • Increaee the Incoma therefrom or protect the eecurlty horeol and,wtth or without taklnp possesalon ot the Property.�ue for or
<br /> ' otherwlse collect the rents, iesuea and profits thereof,Including Ihose pest due and unpaid,and apply the sama,lees coats end
<br /> , expenses of operatlon and collectlon includinp attorneys'teea,upon any indebtedneas secured hereby,all In auch order es Lender —
<br /> _ � ' �� mey determine.The enterin�upon and tektng posaession o11he Prope►ry,the collectlon of auch rente,fasues and proflta and the
<br /> ^`,; :,,,t.s;;,�;, �__,_ ;y�,: appllcetlon thereof as eforesald,shall not cure or waive any delault or notice ol delaull hereunder or Mvalidate any act done in
<br /> ;`�, -- -- responae to euch cfetauit or pursuent to such noiicn ni�iai�uit en�,natwtthsiandtnp tha cantlnuancc!n porsesslon o!the Pre�ariy or
<br /> � the collecQon,�ecelpt and applicatlon of rent&,Issues or p►ollts,and Trustee and Lender shall be entltled to exerclee every rlght �,
<br /> -. � � provlded(or In any of the Loan InetrumeMS or by law upon occu rrence of any Event of Oefault,Includlnp wlthout Ilmitetlon the rlyht _
<br /> ' to exercfee the power of�le.Funher,Lender's rlphte and ramedles under thls perayraph shall be cumuletive wlth,and in no wey a =_.
<br /> ' ' (lmltatton on,Lender's rlghts and remedlea under any asslgnment ol leases and rente recordod aflafnst the Property.Lendar.Tnntee
<br />- � • � and the recelver ehall be Nable to account only for thoae rents actually recelved.
<br /> � 11. Ev�nts ot DN�uH.The followfng ahall constltute an Event ot Delault under thla Deed of Trust _
<br /> (a) Failure to pay eny fnetallment o}princlpel or Interest of any other sum secured hereby when due; _
<br /> � ' (b) A breach of or delault under any provfslon contained In the Note,thie Deed ot 7ru�R any ol the Loan Instrumenta,or any
<br /> � " other Ilen or encumbrance upon the Property;
<br /> � „ •� (c) A wrlt of executlon or attachment or any simllar process shell bo entered a�alnst Truator which chall become a Ilon on
<br /> . the Properly or eny po►tlon thereof or Interest thereln;
<br /> . ° , " " (d) There ahall be 111ed by or R�elnet Trustor or Barower an actlon under eny present or luture federal,atete or other
<br /> -T:•� - ,r-�- - afetute,lew or reyuleUon retaQn�to bankruptcy,inuolvency or other reBef for debtors;or there shall be appolnted any trustee. �
<br /> ' """"' � recelver or Ilquldator of Truator or Borrower or of all or eny pert of the Property,or the renro,iasuea or proflts thereof,or Tru4tor
<br /> �` �• or Borrower shell meke any general asalgnment for the benefft of creditora; �
<br /> ' Y;� , .- (e) The�ale,transfer,lease.asafgnment,conveya�ce a further encumbrence ot all or any pert ot or any interest in the =
<br /> � <,;+ Property,elthAr voluntarlly or involunteilly, wlthout the expresa wrftten consent of Lender;provided that Truetor shall be p
<br /> . ' '�"'�� � permitted to oxecute e lease of the Property thet doea not conteln an optlon to purchese and the term of whlch doea not oxc�d
<br /> � - one year,
<br /> ° � (Q Abandonment o1 the Property:or
<br /> ' " (q) II Trustor fs not an Indlvldual,the iasuance.sale,transler,essfpnment,conveyence or encumbrance ol more then a totel
<br />°��, - of percent of(II a corporapon)Its fssued and outstanding stock or(If e pertnership)a lotal of percent of
<br /> � "'"" partnerahip Intereste during the perlod thla Deed of Trust remalns a Ilen on the Prope►ty. _
<br /> �� 12. R�n�dMs:AcctNraUon Upon DN�ult.In the event ot eny Event ol Default Lender may,wfthout notice except as�equlred by �.•
<br />, ' ' ' law,declare all Indebtedness secured hereby to be due end peyable and the same shall thereupon become due and payeble -
<br /> • ' " �� wlthout any preaentment,demand,protest or notice of any kind.Thereafter Lender may: �
<br /> � • (a) Oemand that Trustee exerclse the POWEFi OF SALE granted herein,and Truslee shall thereaRet cause Trustor's �
<br /> ' • ' ' Interest In ihe Properly to be aold and the proceeds to be dlatrfbuted,ell In the manner provfded fn the Nebreaka Truat Deeds
<br /> . ' • Ack �
<br /> � (b) Exercise any end ell nphts provfded for fn any ot the Loan Instruments or by law upon occurrence of eny Event of =
<br /> � � Oefeult;and
<br /> (c) Commence an actlon to forectose thfs Deed of Trust as a mortgage,appolnt a recelver,or apeciUcelly enforce any ol the �'
<br /> • � covenants hereof. �
<br /> No remedy hereln conlerred upon or reserved to Trustee or Lender�s intended to be excluslve ol any other remedy herein,fn the ,
<br /> loan Instrumenta or by taw provlded or permftted,but each shall be cumulat�ve,shall be 1n additlon to every other remedy glven
<br /> . hereunder,fn the Loan Instruments or now or hereaker exisdng at law or in equlty or by sletule,and may be exercised concurrently,
<br /> ' Independently or succesafvely.
<br /> r. • 13. T►u�tN.The Truatee mey reslgn at any t�mo wrthout cause.and Lender may at any time and w�thout cause appolnt a
<br /> � sucCessor or substitute Truutee.Trustee ahall not be liable to any parry,including without Ilm�tatfon Lender,Borrower,Trustor or any
<br /> _. _ • _..__.._____...._o..,..�.... �..,e..,,i..e....,�o.,,er,o��r,ioao r���a�n .arklpee or wullul misconduct.and shall not be re0wred to teke any
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<br /> �— aCtfon fn connectfon wlth the enlorcement of thls Oeed of Trust unless indemn�lied.�n writ�ng,to►all coats,compensatlon or '
<br /> � expenaes whlch may be essocfaled therewith.In add�t�on.Trustee may become a purchaser at any sale ol the Property Qudlclal or
<br /> ' under the power of aele granted herem�:postpone the sale of al1 or any poN�on ol fhe Property,as provlded by law:or seli the
<br /> Property as a whole,or In separate parcels or lots at Trustee's d�scretlon.
<br /> 1 a. FMt and Exp�n���.In the event Trustee sells the Property by exerCise ol pOwer of aale.Trustee shall be entltled to apply
<br /> any sale proceeds Ilrst to payment of all costs and expenses of eKera��ng power of sale,�ncluding all Trustee'a leea.and Lender's
<br /> � s_.._ _ _ j and Trusl9e'e etto�ne,V's tees.BCtuaay inCUrrttd iu exinni pa�nnli�u i�y aNN���au�o�a..•�r�'u`rti�+vofi2�iii3Y:67'vi Tt::otvf IIXC:C�BC+�::�
<br /> . rlght provlded by law to cure en Event ol Delault,Lender shall be entltled to recover Irom Truator all coats end expenses actually
<br /> . incurred as a result ol Truator'8 delault,including without Ilmitetlon all 7rustee's and attorney's fees.to the extent permltled by
<br /> � - apptfceble law.
<br /> 15. Futur�Adr�nen. Upon requeat of Borrower,lender may.at its option.make addltional and luture advances and re-
<br /> - 8dvancea to Borrower.Such advances end readvances.wfth Interpstthereon.shall be secured by thla Deed of Tnist.At no time shall
<br /> � the prinCfpal amount of the indebtedness secured by thln Deed ol Trust,no,���ms advanced Io�r�l lha foCUqly o�th�s
<br /> . ' � , • Oeed of Trus4 exceed the orlpfnal prfnclpal amount stated here�n,or$ ' wh�chever �s g ater.
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