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<br /> � 92_ ' �,osse3 _
<br /> ta cowaana o/rnWa wlfh fi..p.cr to LMan.wla�our nn p►1o�►w�1a«,coni.nr a e.n.Nc!ary. rtiara.n.0 not�wncay a rndlnaay,
<br /> � w�fh nsprof ta ary M�a o/spae�M tM Trust PropMry.a�ny partlon fh�r�al.wMdNi such l�WO!i now a h�ndt�►In acbtrica:
<br /> ..:.,: .(U ��a►PN��Y P�WY�►Nnt,dlico�►t a udvu�paym�r�t o!�nt haounda ln oxc�ss ot oM monfh.
<br /> (bl Canc�l a nrminw tM aar►�,a�cc�pt�r:y cana�llatlon,tNn�lnao►on a aum�nd«tlNr�ol.a p�mrt any�v«�t ro occur wNloh w+a�
<br /> ,' } axur MMVwrncM►to t�nNnat�a oancM d�urrk,odNr d�an taminatlon Ibr nonp�yrmnt W�ant,
<br /> � , ' .�.r.;�;�. �a) ��tla w►w io w to nd��tl�t�m fMnol,tl�n�W p�yaW�1��nd�►.a to��any n�wv prov�on�
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<br /> ^� a (d) Walw�r►y dNauN fMrrund�r a a�aah d�no%
<br /> � (�1 (tilv��r+Y con�nt,walw+a vpp+ova!Ihora�ndor a talro any oMer acdon In connectlon therowlth�a with e M�aN fh�nunda.wAbh �
<br /> � ' ti :,�,. .,�r.� w�aYd h�w tlN�M�Ot o!lmpafrinp tlN wN�W tM N�or'a lnt�ut f�h�nund�r a tM pro�nY aubJ�ot tMn%a oNmprNrtp tlr�
<br /> ;,�;r�; Po�lHon a lntawt d Bon�lklary fherMn,w -�
<br /> _.- :���.. ., (Q Soll�uslpn,/aNdp�.ma►Q�p�a ofh�rwlr�dlspo�r�ol,a�ncumbu pa Int�nst!n any�Id l�a�ny ronh,laawa,Pro6ts I�saN►p
<br /> �''��"� ' o►adsiny dN/Ninds►.
<br /> � r� " 17. Wdwr o!Statrd�of LJmltafions.Ams!s o/the essenco!n NI o!Tiusta's obllpadons and dudes hersunder,and to the exroni penr+lttod
<br /> — �,.�;;`._.... ' �
<br /> ____ ,.�� , by/nv.Tiwtor wafvsa W pnsa►t a luhxe afatutes o/Ilmlhdona wNh napoct to any debt.demend a obllyaUon secwod her�by and —
<br /> ^'��— � any�cdon a procwdlnp fa dw pwpos�d enlbrcir►p thi�Deed ol Tiust a sny rlpht�a remedbs contelned herein. �-
<br /> �``°:�`°'"� 18. Aeslynmem o/DsposNe.In tM ever►t ca►sbuctlon of Improvements!s contsmpl�ted by the ban ev/d�nced by d►e Note secwed _.
<br /> ��',,;:, hsnpy,aa addltlorNl aecurlry thQrofore,Trusior heroby dansfa►s and asslpns ro Benelklary.sU dpht dde and lnterest ro any and all �
<br /> �•�i+��•:,,�` monNa d�pos!t�d by a on behaH ol Tivator wlth any clry,county,publlo body a ayency,sanitery dlsMct,udllfy compeny, and
<br /> —�*��-::u-- any otJk�b o d p w ayancy.lor the lnshllatlon a ro�ecure ths lnst a l la d o n o/any u d l l ry b y T i u s t o r,p o r t n l M n p t o t h e Tiuvt P�o p o r ry. �
<br /> ��'::: •'"� -yr° ia. Cwporadon or Perb�Np Exlstenco.H�NSt0118 8 CO/pOf8N011.9ennal partnerahlp,a Ilmlted pertne►ahlp,!t wlll do all thlnps _
<br /> ��T:��:,.°�.:. ... �•M n�cessary ta piesavs Us corpaan a paibiwd�lp sxlst�ncs,aa ths ca�may bs,and all rJphfs and prlv/kpes undw tlw l�wa of da
<br /> —.�- �' °'.._...." . _."-� sfeM o/!tu ln�o►Po►�dcn or organlzatlnn. —
<br /> -,� ' � :�,,,, �p, fprb�arance by BenelkJary Not a Welwr.My forbearance by BsneBclery M exerclsing any rlpht a remedy hereunder,or odwrwl» __
<br /> �� � aAforded by�ppHcabls law,shNl rrot bs a walrer ol or pr�clude the exerclse o/any such dyM a remedy.The p►ocurement of �
<br /> �. � � .� lnsurence w the payment o!taxes a the dlschupo ol ll�ns a cha►pea by BonaNclary shall not ba a walvar of Borwlkluy's dyht to _
<br /> = ' ' accawan the matudry o/the Indebtednass. =�
<br /> ���' " '�"�"' 21. Rainadks Curnulative.All remedles provJdsd!n thls Deed of Trust aie dletlnct and cumu/aGfvn b any other dght a ranody undir tl�le �.
<br /> � J "�'�� D�d o/Tiust a allorded by law a equUy,wid mey be exerclsed ca►currently,lndepondenUy a successlvely.
<br />"�` °�` � 22. Successds and Ass/yns Bound;Jolnt and S�verel IlaWUty;Captlons.The covenanta end agreements here/n contelned ahaN bfnd,and ��
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<br /> ` � ths Aphts hereunder shdl l�ure%the respecdva successors and asslgns ol 6enelklary,Tastee,and Tasta.All covenanls And
<br /> , agreemerrta o!Trustor shall be/olnt and severel.The cepdons and headlnps o!the parap►ephs M thls Dead ol Tiust aro lor
<br /> _ ' conwnlenae only and era not to be used to lete�pnf or daflne the provlslons he�eol. �-
<br />_�-• ° ° • `� 23. Notice.Except fa any nodce►eyW►ed wider eppllc�Wa law ro be plven!n another manner,(a)any nodce ro Tivator provlded!or!n thla
<br /> '�.. l ,_Y�• ,,. _: � De�d ol Tnrst ahell De plven by mallln p such notice by corllNed meU.retu.m recelpt requested addressed to Trusbr at Its melNny
<br /> — - -_�,,..;,.:,:.c odd►ess tet forih ab�ve�'ai s�Ch otf7et Sddtes8 8s Ttusiar ra8y da�ptt8tts by rlotlCe to BeneRClRry e8 prnvl�l9!�hnreln,end{b)any
<br /> rqtko b BeneNclary a Trustee shell be BNen by certlNed mell,ietum recelpt requested.to BeneNclery's end Trustea's maUlnp �,,
<br /> � •y ;.�• eddress stated heie/n a to auch other address as BeneBclary a Tiustee may deslpnate by notice to Tiustor as pmvlded heroln,My �'"
<br />� " � notics provlded/orin thls Ovad oi Tiurt shall De deanod b hava bean piven ro Tiusta,BeneBciary or Trusteo whan plve�In tlw
<br /> t '� � mannerdealpnetedherein.
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<br /> ' 2�. (iovemUp L�w;SeverablUty.Thls Dsed of Tiust shall be povemed by the lews of the Stete o/Nebiaska.In the event any pro n or �
<br /> . ;�;..� " � �� clause o!thls Deed ol Truat conBlcts wlfh appYcable law,such con/1lct shall rat a//ect other provlslons o/thls Deed o/Tiust which con �
<br /> bo yfvan effect wlthout tl►e con/!lctln�provlslons and to fhls end the proWslons of thls Deed o1 Tiust are declared ro be severabre. �_
<br /> •• , . �.,�r', ' 2b. Ever►ts of Relault.Each o/the lolbwlnp occunencea shell consdfute an event ol dolauR horaunder,(he�alna/ter aallQd an"Event -
<br /> ,�. . . o/De/auR'):
<br /> :z.•-. (a) Tiusrorahall fall fo pay when due sny pdnclpal,lnterest or pNnclpel endlntarest on tho Indebtedness,
<br /> �,4 : '" "``` (b) My wananry ol Utle made by Tiusror he►eln shall be unbue, --
<br /> � , .' .. � � (c) Trusta eheU lep to observe or perform eny of fhe covenanta,ayreements,or condldons!n thls Oeed o/Tiust, �•
<br /> , . + �`? (d) My representadon or wanenty made by Tiusror on any Nnanclal atatanonts or reports submfttod ro BerwNdary by or on bolwfl a
<br /> �, ' .";,� Tiustor ahall prove/alse or materlalty mislaading,
<br /> •r '" ' (e) TiusM�shall lell fo perfonn o►observe any o/fhe covenenfs,condldons or agreements contalned(n,a binding upon Tivator under ��
<br /> 3 � �" any build/ng loen egreement,secudty epreemenf,loen egreement,Nnenc►ng stetem�nt,a eny oMer apreortwnt,Insduir►onf a
<br /> • � • • , documont executed by Tiustor!n connectlon wlth the loan evidenced by the Note,
<br /> - � (Q A bustee,recelver or Bquldator o/the Tiust Property or ol Tiustor shelf be appolnted,oi any of fhe credlrors ol Tiustor shall flk e _
<br /> � peHdon!n bankiup[cy agalnst Trustor,a far the reorgenlzatlon ol Tiustor pursuant to the Federa/Bankruptcy Code,w eny slm��ei �
<br /> �,� J law,whethe�federal or stete,end!1 such o�dor a peStlon shell not be dlscharyed or disrnissed wlthln tfNrly(30)doya alter dw data =
<br /> ; �..- , on whlch such ader a peddon wes/iled, _
<br /> � , (p) Tiustor shall Nle a pedtlon pursuant to tlie federel 8ankroptcy Code or any slmllar law,lederel or state,or il Tiustor shal/be o-
<br /> " ad/udged a bankrupf,a be declered lnsoHent,a shall make an asslgnment lor fhe beneSt ol c�edltors,or sha/l admlt fn writlng!ts
<br /> � ' � inablliry to pay!ts debta as they become due,o►shall consent to the appolntment of a rocelver of ell or any pari of the Tiusf PropeRy,
<br /> � �''�� ,�. (h) Flnal Judgment lor the payment of money shall be rendered agalnsf Trustor and Tivafor shell not discharge the seme,or cause R to �
<br /> be dlscharged,wlthfn thlrty(30)deys eflei the enUy thereof,or shal/not appeal therefiom or Irom the order,decree or process upon __
<br /> � whlch a pu►suant lo whlch sald Judgment was grented,based,or entered,end secure a stay ol executlon pending such appeal, �-
<br /> � i� (!) Tiustor 8hall sell or convey the Tiust Property,or any part thereo%or any lnterest therein,or shall be dives[ed o/!IS tlUe,oi any/ntaesf =-.
<br /> } d►ereln,!n any manner a way,whether vo/untaNly orinvoluntedly,wlthout�he w�lften consent o/BeneNclary belnp N►st hed end `""
<br /> � ;��••` oAtalned,or �
<br /> Q) ll Trusto�!s a co►po►etlon or parmershlp and more than Iflry percent(50°io)ol the shares or beneliclal Interesis!n such co�poretion or
<br /> parh�e�shlp,as the case may be,shall be t�anslened or conveyed,whether vdunterily a Invduntarlly,wifhout the wntten consenf o/
<br /> " • � Benepclary being/lrst had end obtalned.
<br /> . Z8. AccelereNon ol DebY,Forec/osure.U n the occurrence o�any Event ol De�ault,or any tlme thereaRer,BeneBciary may,et lts optlon, �
<br /> Po
<br /> declare aN the Indehtedness secured hereby Immedlately due and payable and the same shall bear/nterest at the deleult rafe,il any, i
<br /> � set lorth!n the Note,or otherwise et the hlghest rate pnrmltted by lew,and,lrrespecNve ot whether Beneficlary exerclses said optlon,If ;
<br /> may,atlts opUon end In!ts sole dlscretlon, w(thout any IuAher noBce or demand to or upon Tiustor,do one or more ol the lolbwing;
<br /> �'-� /�1 AannNnlarv mav anfar�imn ►arp nnccn.c.c�rv,n1.manaoa and onerate the Tiust Pronertv o�anv part thererof,•make repai�s and
<br /> - �s�:._----'�_=-�_--. •-• --.._.._._,..._ _...- -�- •-- - -- - - • -
<br /> - etteredons and do any acts wnicn denenciary aeems proper to protea rne secunry rhereof,enai either wirh or wiiiWUi iaid��g
<br /> � possesslon,In fts own name,sue for or o[horw�se Collect end►eCeive rents,issues and prohts,�ncludmg those past due and unpaid, .
<br /> and epply the same,less custs and expenses oloperatlon and collec6on,lncluding reasoneble ettorney►ees and Benallciery's
<br /> Costs,upon the/ndebtedness secured hereby and!n such order as BeneNciary may deten.nine. Upon request o!Benefic(ery, �rustor �
<br /> � shall assemWe and sha/l make avallable to 8enellclary any o/the�iust Pmperty whlch has been removed.The enteNng upon and ,
<br /> 4 teking possessWn ol the Trust Prope►ty,the collection ol eny rents,issues end prolits,and the appl�callon fhereof as aforeseld,shal! :
<br /> nof Cu►e o►welve arry delau/t theretofore or therealter occurring,or aHect any notice ol delault or nohce o/sale hereunder or
<br /> ,. lnvalldate any act done pursuant to any such notice.Notwrthsfanding Beneticlary's con6nuance�n possess(on or receipf and �
<br /> appHcation of rents,lssues or profits,BeneBdary shall be enhNed to exercise every right prov(ded for in thfs Deed o�Trust or by law
<br /> �� upon or elter the occurrence o�an Event ot Oeleu/t,including the nght to exercise the power ol sale.Any of the actions �eferred to m
<br /> �" fhls peragraph may be taken by Benellaery at suCh hme as Benehc(ary may determfne w�thout�egnrd to the edequacy of any �
<br /> ,� .. secudry lw the Indebtedness secured henby.
<br /> r •�..;=� , (b/ BeneNc/ary shell, without regard to N�e adequacy of any secunry for the/ndebtedness secured hereby,be enht/ed ro the
<br /> , �- appdntmenf nl a receiver by any cou�thanng�wisd�ction,without notico,to tako possessron ol,protect,and manage the�NSt
<br /> , Property and operate the same anu cdlect the rents.rssues and prohts therelrom.
<br /> � (c1 9ene!lcfary may b►mg�ny action�n any court of compete�t/unsd�cbon to�oreclose th�s Deed ol Trusf or enlorce any o►fhe
<br /> .� Covenants hereol
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