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<br /> s'� 1M Prop�rry I��o t�ken or�m�psd,l.�nd�r�h�ll h�v�ths optlon,In Ia sol�and abwluh dl�antlan,W�pply�H suoh ProaMd�,
<br /> aN►d�duodnp d�rehom�II oo�b�nd oxpenas Inaurr�d by il I�aonn�odon wNh suah Prooe�ds,upon sny I�dN�t�dnas aaund
<br /> hKeby�nd In euah ord�r��I.�nd�r may d�t�rmin�,ar to apply all ivah Proc�ds,aft�r�uah dsduoUon�,W ths rastoratlon of th�
<br /> -�. Properry upon wah aondlpons ao Londer may dstormine.Any eppllastlan of Prxeeds to Ind�btedns�s ahall not oxt�nd or patpon�
<br /> �, tM du�dat�of�ny paym�nq und�r th�Not�,o�our��ny dd�ult tAor�und�r or h�nund�r.Any umpplisd fundr shNl b�pald tA
<br /> . Truftor.
<br /> � 8. PMlorn�na�b/L.�d�r.Upon the ocourrence o1 en Evont ot Detaulthereunder,or Ii any act is teken or legel procesding
<br /> ' ' cammma�d which mat�rlally efl�ab Landor's Intere:t Inths PropeAy.Und�r m�y In iq own dbcr�Uon,but wlthout obllpptbn to do
<br /> '"'""i°'"0L',�... so,end without noUce to or demend upon Truator end wNhout releasinp Trwlor Irom any obllppGan,do eny act which Ttuttor has
<br /> "``-�,,.�,�,;,, '��;; epr�sd but lall�to do and may al�o do any othar aat it d�ern�necessary to protsct the eecu�iry hereot.Trwtor�hall,Imm�dlaaly .
<br /> --===_—--_-- upon demand theretor by Lender,pay to Lender all aoaa�nd expende�Incurred pnd�umo expended by Lendar in conn�ctlon wNh
<br /> -��,����- the axera ite by Lender of tha forepolnp riphb,topether with intsren th�reon at th�dNault rate provided In tho Not�,whlch ehall bo
<br /> �•�K�s ..��.s�:�� edded to tha Ind�btedneu�eourod heroby.Londer �II not Incu�any Il�blliry baoaua of onythinp It rtwy do or omR to do
<br />_-_ -- -'n: •,.. ..: +: h�raundar.
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<br /> �++i�ai;.=�'yy 9. Hw�rdow M�t�rial�.Truetor shall keep the Property In compllance witb all applfcable laws,ordl�ences and repulatlons
<br /> ----- --- reletinp to Industrlal hypiene or environmQntel proteaUon(collecUvely referred to herein as"Environmental Law�'�.Tru�wr ahall
<br /> keap the Property Iree Irom all eubsfancea deemed to 6e hazardoua or toxic under any Enviranmenml Lews(cotleoqvdy refened to
<br /> ��a,`+� . _ . herein es"Haxardou�Materials"►.Trustor hpreby warrants and repreaente to Lender that there aro no Haurdow IN�teriet�on or
<br /> ""°`"-"" � � under the Prope�ry.Trustor hereby aQreea to indemnify and hold hermlet4 Lender,Ib directors,olllcers,employeea and apents.and
<br /> �� >.. . � �.. �..,. . .
<br /> �8.1a?aar�t any succeuors to Lender's k►terest,irom and apainst any and ell clalmr,damayes,losses and IIablAtiea arisinp In cannecdon with
<br /> _--���.,��,;,���,"° the preaenae,uae, diepoael or trannport of any Hazardoua Meterials on, under,from or about lhe Properry.THE FOREQOINO
<br /> M-- ���,;-;.i,,.:: .. -•.-�,"'' WARRANTIE3 AND REPRESENTATION3,ANQ TRU3TOp'6 OBLIt�AT10N3 PURSUANT TO THE FOHEOOINO INOEMNITY,8HALL
<br /> - ;,b^ ��•. • ; t• SURVNE RECONVEYANCE OF THIS DEED OF TRU8T.
<br /> . � 10.Aalpnnant W R�nb.Truator hereby aasipne to Lander the rents,luues and profits ot the P�operly;provlded thet Trurtor
<br /> � • " . ,��;:,�.�` a h a l l,un t l l t he occu�rence of an Event of Defeull heraundor, heve the ripht to collect and reteln auah renta,l8eues end profib as they
<br /> , ,. 'd �:y•��# become due and payeble.Upon the oacurrence of en Event ot Default Lender mey,eNher i n person or by apent,wlth or without
<br />, � . ;; .� btlnpinp any actbn or proceeding,or by e recefver appdnted by a caurt and without repard to the adequeay of Its ea:urity,enter
<br /> ° � "•�;� upon and take possesaion ot the Property,or any part therool,In its owo name or in the name of the Trustee,and do a�y aote which it
<br /> � � ��,ti;�.._ deema necesiery or deairable to preaerve the velue,marketeWlity or rentablUry o1 the P�operly,or any part thereof or Interest therein,
<br /> �N.��: increase the income t here lrom or pro tec t t h e s e cu r i t y h o r e o t a n d,w p h o r w l t h out tekin�poeseselon of the Pro pe A y,sue for or
<br />- " othe►wlse collect the rents,isaues end proflt�thereof,lncl uding those paet due and unpaid,and apply the seme, leas cats And
<br /> ',.;:�.:r;::��.�.�:;,�., expenees ol operetfon and collectfon includfnp attomeye'fee4,upon any indebtednees aecured hereby,all In such order es Lender
<br /> � , may determine.The e�terinp upon end teklny poeseaebn of the Property,the collecdon ol auah renta,Issuee and protits and the
<br /> ••*���;� � �' appNcetfon thereof as aforeseld,shell not cure or walve any deleult or not�e of default hereunder or Invalidete any act done In
<br /> �_.�ir�.::9� re�pome to auah defeult or pureuant to auch notice of delaultand,notwithstendinp the conUnuance In poeseoslon of the PropeKy or
<br /> �""�,�:���;;,�� '� the coMeoUon,receipt and eppllcation ot renu,Iseues or profits,and Trutltne and Lendar shatt ba anUNod to axarcise serer� rlpht
<br /> � •• provided tor In eny ot the Loan Instruments or by law upon occurrence ol eny Event ol Defaulf,lncludinp wlthout Ilmitation the dpht
<br /> ;, toexercise the power ot salo.Further,Lende�'s righta and remedles under thls parapraph ahell be cumuletive with,and in no way a
<br /> • ; . � Iimitation on,Lender's rights end remedies under any aeeipnment of leaees and rents recadod ayainet the Property.Lender,Trwtee
<br /> , � and the recelver shall be Ileble to account only for thoaa�ents actually recelved.
<br /> ..�^��` ' 11, �r�nb d DMaulf.The lollowing ehall constftute an Event ot Defaull under this Deod of Trusk
<br /> �,,.� � d � �";". (a) Fallure to pay eny Instellment of principal or interest of eny other aum aecured hereby when due;
<br /> ° � � •• •� � otherbien or encumbrance upon the Property;�on contalned In the Note,thle Deed of Trua6 any of the Loen In�trument�,o�any
<br /> �. „. ',. . "� (c) A wrlt o1 executlon or ariechment or any almNa r proceea shall be entered oyainst Truator whlch aholl become a Iien on
<br /> "` the Property or any portion thereof or IMerest thereM►:
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<br /> . ' n z.,a . (d) There shall be flled by or agalnsl Trustor a Barower an actlon under any preaent or luture lederel,etete or other
<br /> ��� atetute,lew or repulatlon relatin9 to bankruptcy,ineolvency or other rellef for debtora;or there shall be eppolnted any huslee,
<br /> j �' " ••�� � reeelver or Ilquidator of Truator or Borrower or of all or any paA ot the Property,or the rents,fssues or prolib thereot,or Truotor
<br /> ":�� � �f''�'r'''' " or Borrower ahell make any general asalgnment fa the benelit ol credirors;
<br /> % ° "" (e) The aele,tranaler,lease,asaignment conveyance or further encumbrance ol all or any paA of or any intereet in the
<br /> �':' •$��'=` °;� Property,ellher volunterily or Involuntarily, withoul the express writlen conaent ot Lender;provided Ihat Trustor ahaN be
<br /> o:�
<br /> ; � ; �r�°'�' � .�"� • pe►rnitted to oxecute a lease of the Properly thet doas not contein an optbn to purchasa end the term ot whfch doee not exceed
<br />+� • •' one year,
<br /> '' �q Abandonment of iha Property;or
<br /> ' (q) If Truator I$,not en fndfvidual,the lesuence,eale,transler,asslynment,conveyence or encumbrance ol mae then e totel
<br />�""!,, :� .. of percent ot(if a corporetlon)Ita isaued and outatanding stock or(If a pa►Inerahip)a totel of percent of
<br /> ; K �• •� • partnerahlp Interests during the perlod thls Deed dTrust remafna a lien an the Property
<br /> ` � � 12. R�m�dNr.AccN�ratlon,Upon Dd�uH.In the evant olany Event of Default Lender may,wlthout notice except as requlred by
<br />, ''� �.3� ' lew, declere all Indebtedneas necured hereby to be due and payable and the same shell thereupon become due and payeble
<br /> � ��A, wlthout any presentment,demend,proteat or notice ol any kind.Thereaiter Lender may:
<br /> (a) Demand thet Trustee exerclee�the POWER pF SALE grented herefn, and Trustee ahall thereaRer ceuse Truslor's
<br /> . ��,y,, .� intere�t in the Property to be sold and the proceedsto be dlstrlbuted,all In the manner provl�fed In the Nebraske Trust Oeeda
<br /> , � .. Ac� �
<br /> � (b) Exerclse any and all rlphts proylded fvr In any of the Loan Instruments or by law upon occurrenca ol any Event of
<br /> . Defaul�and �
<br /> � .� • � „ (c) Commence an ectfon to Ioreclose thls Deed of Trust as a mo�tflefle,appoint a recefver,or specNlcally enforce any of the
<br /> •• „ covenants hereof.
<br /> No remedy hereln conlerred upon or reserved to Trustee or Lender �s Intanded to be exc�us�ve ol any other remedy hereln, in the i
<br /> •. ' „` ' Loan Instrumenta or by law provided or permitted,but each aha11 be cumulative,shall be�n addition to every other remedy given
<br /> ' hereunder,in the Loen Inatruments or now or hereafter exisling at 1aw or In equity or by statute,and may be exercised concurrently,
<br /> ' � •�, Independently or succesalvely.
<br /> � 13. T►u�tN.The Truatee mey reslgn at any tfine w�thout cause.and Lender may ei any lime and without cause appolnt e
<br />- " succoa�or or substitute Trustee.Trustee shall not be liAble coeny pery,includMg wfthout Hmitapon Lender,Borrower.Trusbr or any
<br /> � , • purchaser ot the Property,for any loss or damege unlessd ue to reckleas or wflllul m�sconduct,and shall not be requfred to take eny i
<br /> - ��-=�'-_ ---__- - - _.�-- '-- -----'•'-- •..�.�.w..�..�..........e..�..� �wte f1m�i nl7rnal ��nuuw Indemnllled.In wrltfna.lOr ell Costs.compensation or
<br />. _" ._ � ,— q4UVll lt1 bV111�0Y�W�� n�u����v v...v.�.�..�......... ....� ���' '. .."' _ " '
<br /> � ' •• expensea which may be assoclated lherewlth.ln additbn, Trustee may become a purchaear at eny sale ot the Property Qudiclal or
<br /> � under the power of aale granted herein►;poatpone the saie of all or any portlon ol the Property,as provided by law;ar sell the
<br /> ' � Properly as a whole,or In separate parcels or lots at Trustee's discretlon.
<br /> � 14. fNS�nd Exp�nw�.In tha event Truatee selle the Property by exercfae of power of sale,Trustea shall be entftled to epply
<br /> eny sele praceeds ilrst to payment of all costs and expenaes of exercising power of sale.Includfng all Trustee's lees,and Lender's
<br /> 1 ,�„ gnd Trustee's attorney's tees,actually incurred to extent permitted by appllcable lew.In the event Borrower or truator exerclsea any
<br /> rlpnt provlded by law to cure en Event of Defeult,Lender shall be enutled lo recover Irom Trustor all costs and expenses actually
<br /> Incurred as a result of Trustor'e delault Includinq wuhout Ilmftation all Trustee's and attorney's feea,lo the extent permllted by
<br /> epplicebte law.
<br /> 15. Fulur�Advanc��.Upon request of Borrower,Lander may.at fts option,meke add�tional And future advences and re-
<br /> advancea to Borrower.Such advances and readvances,with Interest thereon,shall be secured by fhl�Deed of Truat.At no time ehall
<br /> ir, {� S v�•-• Ihe prin clpal amount ol the Indebtedneae aecured by this Deed ol Trual not InCludfng sums advanced to proteCt the securlly ol this
<br /> , Deed of Truat,exceed the original princlpel amount ateted hereln,or S 2s•�00.00 whfchever la greater.
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