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<br /> Iff. .,
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<br /> . 9�- 1:0"�4�.�
<br /> ' In addition ta caouAlty innurence, Truotor ohall pay tho annual promium on
<br /> , cwnpreheneiva liebility ineurence covering the premisee nnd prc�tectfng the ''�
<br /> , 8eneficiary end Truetor from ail claime, domauic�e, ldweuite, and judgmento erieing out
<br /> of iajury to poroone or damdge tn property occurrin� on the proporty. The c:ovarage
<br /> • ehell be in nn Amount of not ieaa thaun $500,000 aingle limit for bodily injury end
<br /> property demege. '.
<br /> �� �!. 0 AFFB INCa Tg�j�T S9TATB. Truetor ehel l nppeex in end conteet any
<br /> . neti.on or proceed ng purparting to nffect the Becurity hareoF or the righte or powere
<br /> oE Seneficiary or Truetee. end ehell pay nll coeto and expeneee, including cont of '
<br /> ,�M,;,,;_ � evidenca of title and aGtorney�e feee, in 3ny euch nction or prACaedinq in Mhich
<br /> ;� geneficiary or Truetee may appear. Should Truetor fnil to make any payment or to dc7
<br /> nny nct ae and in thu manner provided in any of the Loan inetrumente, Senaficiary
<br /> " , and/or Truetee, each in ite oKn diecretion, without obiigation, may make or do the �
<br /> eame in such manner end to euch extent ee either may deem neceeaary to protect the � �
<br /> eecurity hereof. Truotor ehall, immediately upon demnnd therefor by Seneficiary, pey �;4�:..�i?
<br /> � all coste nnd expenses incurred by Benefic;iary in connection aith the exerciee by •, �`�`�''�
<br /> , Baneficinry of the foregoing righte, including, without limitation. coate of evidenae �;'�4
<br /> '- of title, court co4te, appraiedle, 9urveye and attorney'e feen. Any euch coete and ���'"�
<br /> }..._�.:.--
<br /> r,_�
<br /> - expaneae not paid within ten (10) daye of �rritten demnnd ehall drea intereet et tho !��=-'-
<br /> �y. default rate provided in the Note. E�-�
<br /> l R 5. 8MIN8NT DOMAIN. Should the Truet Setate, or eny part theroqf or intereet ��-
<br /> ° - '� therein, be taken or demaged by reaeon of any public improvement or condamnation �-;y-' "
<br /> •�� � '� .-._��:;.-
<br /> - ;���s..,;. proceeding� or in amy other manner including deed in lieu of Coridemnetion ,,
<br /> ("Condemnation") , or should Truetor receive any notice or other information regarding �;,,,;;;-=Y
<br /> �e•� such proceeding, Truetor ehnil give prampt written notice thereoF to Beneficiary.
<br /> � 8enef iciary ehall bci entitled to all compensation nnd condemnation awards end other �:�.
<br /> `�ti
<br /> '��. paymente or relief therefor, ar:d ehall be entitlod to make any caapromioe or �_
<br /> settlement in connection vrith such te�king or cinmage. �►11 �uch ca�eneAtion etnd =-----
<br /> � condemnation, apa.rd9, demeges, righte of action and proceede a�arded to Truetor (tha ;�.,,-,,__s
<br /> "Proceede") are hereby t�eeigned to Heneficiary; nnd Truetoz agsees to exec�ate eucts :��----
<br /> further. aseignmente of the Proaeode ae geneficiary ox Truetee may requirA. �
<br /> : F.
<br /> _�� :_ 6. J+�POit�]Zl�NT_OF SUCCSS9QR TRLJSTBE. B�ueficiary may, from time tn time, by
<br /> _ �w•.y�,., . a xritten inetrument executea and aeknoMledged by BeneficiAr1� mailed to'Pxuetoz end
<br /> • ,x:�-;�o; recorded in the County in which the Truet Betate i� located and by oCherwiea
<br /> complying vrith the provioione of the applicable laM of the State of Nebraeka
<br />=!: ��: • eubetitute a eur.ceesor or succes�ore to the Tru�tee named herein or acting hereunder.
<br /> � ' 7. BUCCeSSORS ANA ASSIl3N,�, Thie Deed of Truet appliee to, inure9 Co the -
<br /> - ' �;"�;s: benef it of atnd binds a11 parties hereto, their heire, legetees, deviseea, peruonal
<br />- repreeentatives, eucceeeore and aseigne. The Cerm "T�oneficiary" ehall meari the ovmes
<br /> � end holder of the Note, whether or not named ne Seneficiary herein.
<br /> �
<br /> •- �•-�" e. INSPg�zONS. Beneficiary, or itd agente, reprdeente�ivee or aorkmen, are , --
<br />__� . . ' authoriaed Co enter e�t any reesonabla Cime upon or ia any pert o£ the Truet Betate
<br /> !or the purpoee of inapecting the aema and for the puxpoee oE performing anyr o! the
<br />=:�_ ,� �,,��M ncte it ie auChorised ta perfozm under the tezma oE any oE tha Loan inetrumente.
<br /> Y��.
<br />_�-°-'�='- 9. �V&NTS OF DBFAULT. Any of the folloMing eventd ehaYl be deemed an event
<br />-=:;.T,,;�;-�F:� � of default hereunder: c_ _
<br /> _--'m_.,.�;... .
<br /> �T'"��;.�;'� ' (e) Trustor sheli have Pailed to make peyment of any inetallment of interest,
<br /> �r_;;... �.�t,
<br /> .K�:�`;.•� principol, or pzincipal And intereet or rany other eum eecurod hereby vrhen duer c�r,
<br />=� ����"" (b) There hae occurred a breach or defaulC under any term, covenant,
<br /> -- �����'��= agreement, condition, provieion, representntion, or Me�rranty contniaed in any of the
<br /> �-T`�`"''C= I,oan inetrumenee.
<br /> - -�y��.•
<br /> �.s;,.��-
<br />;_ _,,, w�•� 10. ACC$LBRATION UP04] DBFALJL'P. ADDITIONAL Rgl�DIB$. Should aYl tiverit OP def3Yilt
<br />-�,;,,�*.� : •� occur, Soneficiazy may declere nll indebtedne�s eecured hereby to ba due end paydble,
<br /> r•y.�'�'�`�_ '. � and the eame ehall thereupon becane due nnd pnyAble Kithout any preeea�tment, demnnd, -
<br /> ���� ' '� , � proteet, or notice of any kinci. Thereaft�r the Beneficiazy may:
<br /> = (a} 8ither in porson or by ngent, wiCh or pfthout brinqing any action ur -
<br /> ���,. proceeding, or by n reaeiver appointed by a Court end without rAgerd to the adequacy —.___
<br /> `',,':;`;' of its security, enter upon nad take poaseeeion af the Trust 8etate, or nny pnrt
<br />_ ��, thereof, in ite oan name or in the neme of Truetee, nrrd do any acta Mhfch it deems °
<br /> ��_; neceeeary or deeirable to proserve tho vnlue, marketRbility or rentability of the s-.
<br /> ' . .. '� Truet Betete, or part thereof or intereet therein, increase tho iacomo thorefrom or �'�
<br />°����� protect the security horeof, and with or Mithout taking paseeeeion af the Truet �`�_�--
<br /> _ ' •'`�"' SeCete, eue for or otherwige collect the rente, ieeuee and profite thereof, including '�-"--__
<br /> � . ;;..��„� thoae paet due and unpaid, e�nc3 npply the eame, leee coets and expenses of operetion '�;:��:��
<br />� .,:.. .
<br /> '" and collection, includinq nttornoy'e feee, upon a�ny iudebtednees aocured hereby, rll '
<br /> :,. . .•
<br />_� � � in euch ordor ne Beneficia ma dete:mine. The enteria u on and takin
<br />-" �-�*�-�'�_� � _�- ------ --- • � -Y • - - � P 9Poeneaeion ?- .:
<br />=------`=��=------��-�z--- va uaC ti40{. OtlGaGR� LIIB C0119CL10I3 OL B11CIl =@IILO� 1Li8Lle8 �I3(] profite aTl� t�18 "s'�-
<br /> _� ' application thereaf as aforesnid, shnll not cure ar waive any default or notice of ,
<br /> s'�.','
<br /> • ' defeult her�under or invalidate �ny acG done in re6ponse to auch defnult or pureuant � .
<br /> - to such notice of defauit end, notMithe�tending the continuance in poeser�sion of tha
<br /> Truet Setato or the collection, receipt and application of rente, iequee or prof.ite,
<br /> � Trustee or Beneficiary ehall be entitladlto oxercise eveYy right provided £or in any
<br /> of the Loan inetrumente or by law upon occurrence of any event of defeult, inaluding �
<br /> the right to exeraiae tho power of eale;
<br /> (b) Comnence an action to foreclose thie Deed of Truet as a mortgrsge, appoint
<br /> - _ a receiver, or epecifically enforce any of the covenante hereof;
<br /> i .,
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