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<br /> - � th�Prop�Ay I�w hk�n or d�m�p�d. lender�h�ll h�v�th�option,ln Ib wls�nd�brotub dlscntlon,to�pplr NI�uch P►oaMd�,
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<br /> ,��Y.£ �ft�r d�duotlnp thenfrom�II co�u�nd expen��i Inourred by It In aonosctlon wlth�uch P►ooe�d�,upon�ny fnd�bUdn�u s�ourad
<br /> h�nby and In�uah ordor n Und�r rn�y dNormine,or to opply ell euoh Proc�edt,aRn�uah deduatlon�,W the rawndon of th�
<br /> ProprAy upon�uch conditlorn u Londer m�y determine.Any applfoApon ol Prxead�to indebtedneu shell not exbnd or po�tpon�
<br /> '� ,;t,.-U�t= ��- ;z U�s dw d�b of any paym�nW und�r ths Not�,or aure�ny dd�ult thoroundw or honund�r.Any unspplled lund��all b� pdd W
<br /> 3�;,:A :.� . Tru�tor.
<br /> B. ���fonn�nc�by Luid�r.Upon the occunenee of an Event o t O efeul thereunder,or If any aat is taken or 1�1 procNdlnp
<br /> �� �-k�����'i��� commenced whtah mats�l�lly aBsab L�nder't intere�t in the Property,Lender may In Ita own dlsoreUan,but without obiip�Uon to do
<br /> �-'' : .s:°;�•
<br /> •�...• a,and without notice to ar demend upon Trustor and without releaalnp Truetor from eny obli�otion,do eny aot wMch Tru�tor haf
<br /> - �,;��,;:,m,,,��;.'�� ap�eed but lall�to do and may elsa do any othet ect It deems nece�aary to proteot ths seaurlty hereof.Trustor shdl,immsdlaqly —
<br /> upon dem�nd therefor by Lender,pay to Lendar all co�t�and eupemes inaurred and�ums expended by Lendar In aonneatlon wlth
<br /> --.-�:", • ihe sxaral�s by Lender of the lorepolnp rlQhts,topathw with f�terast thereon at the delault rate provided In ths Note,whlch ehall ba e .-
<br /> ---� - ti� added to the Indebtedne�e secured hereby. Lender shell not Incur any IfeWliry beoaute of anythinp It mey do or omit to do
<br /> _.___ "� -:. :. �..�.i Mreunder. --
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<br /> ^ :�- �� .� ,i,. ., 9.Ha�rdous Mah�b.Trustor �hell keep the Properly In compllance with all appllcable laws,ordinances end repuloqon� __
<br /> — ' '�" ��'� �, relatinp to Induelrlal hy�lene�or envf�onmental proteotlon(colleotively reterred to herefn as"Environmentel Laws'q.Truetor shall _
<br /> �� keep the Property tree(ram all oub�taaces deemed to be hezardous or toxic under any Environmental I..aws(collecUvely raterred W
<br />-� �.,,ti+,-,*� ' �• �• .� hereln es"Harsrdoue Material9'y.Trustor hereby warrants and representa to Lender thet there are no Hezerdoua Materl$i�on or
<br /> - • under the Property.T�ustor hereby a0�ees to indemni(y and hold harmleae Lender,Its dlrectora,oNicers,emptoyees ond apenb,and
<br /> ��"����� ��, .' , any auccesaors to Lender's f�tereat,trom and ayefnst any and ell clelme,demageo,losaea end Ilebilitlea erisinp In conneation with
<br /> - -- .����• the preaence,use,diepoiel or transport of any Ha=ardoue Materlale on, under,Irom or about lhe Prope►ly.THE FOAEdOINCi _
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<br /> -_ _�' ',�_ .`. . ��_�_'__.;�:� WARRANTIES ANP HEPFiESENTAT10N3.AND TRUSTOR'8 08UOATIONB PURSUANT TO THE FOREQOINO INDEMNITY.SHALL
<br /> � ' ' �" ' 8URVIVE RECONVEYANCE OF THIS DEED OF TRU3T. °" -
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<br /> • .. 10. Aulpnm�nt ot Rmt�.Truetor hereby aesigne to Lender the renta,isauea and p►oilts of the Property;provlded that Truetor �
<br /> ' �• ehall,unUl the ocaurrence ot an Event of Delault hereunder,heve the rlpht to collect and retafn auch rents,leaues and prolits a4 they —
<br /> • • ^ become due and payeble.Upon the occurrence of an Event of Default,Lender may,either in person or by apent,wHh or without �f,�_.
<br /> �- - ,; `• brfnpinp any eadon or prxaeding,o►by a receivnr appointed by e court and withaut regard to tho adoquacy ot ita security,enter �_=—
<br /> • . upoa end teke posaeasion oi the Property,or any pert thereof.In Its own neme or in the name of the Trustee,and do any acte which It —
<br /> � � � deema neceseary or desirable to preaervA lhe value,ma�ketablliry or rentabillty oi Ihe Properry,or eny pert thereof or Interoet lhorein, _�:--
<br /> Increase the Income therelrom or protect�.e security lioreol end,wilh or without tekiny poesesalon of the Property,eue for or
<br /> � �• . othe►wlae collect the renls, iesues and prollts thereof,Includlnp those pest due end unpald,and apply the seme,less coats and = -
<br /> ' � ^ :� . _ expensea of operetlon and collection Including ettorneys'feea,upon any indebtedness seaured hereby,ell fn auch orderas Lender __
<br /> mey determine.The entering upon and taking posseaeion of the Properly.the collecQon ot euch rents,Isauea and prollts and the
<br /> applicatlon thereof ae aforesaid,ahall not cure or walva any delault or notice of delault hereunder or InvaNdete any act done in __
<br /> "' r responae to euch default a pureuent to auch notice of deteult and,notwithatandinp the contlnuance In poasesalon of the Property or
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<br /> . - = ihn c�tieciion,r�rcelpi snd a�pticatlan o!rents,lssuas or prQfit�, and Truetee en!f 1 endwr shall be entitled to exercise every ripht __
<br /> provided lor In any of the Loan Inslru mente or by law upon occurrence of a�y Event of Delault,Including without Ilmltation the ripht
<br /> � to exerclee the power of aele.Furiher,Lender's rights and remedles under thle paragraph shall be cumulative with,end In no wey a
<br /> ;. , � Ilmltation on,Lender's righta end remedles under any aesignment of leases and rents recorded apefnst ihe Properly.Lendw,Trustee
<br /> and the recelver shall be Ilable to account only for those rente ectuelly recelved.
<br /> ��' 11. Ev�nb of ON�uN.The tollowing shell constitute an Event af Default under thls Deed of Trust
<br /> _ ' •• • (a) Feilure to pay any instelln�ent of principal or Interest of any other sum secured hereby when due; �,_,_
<br /> � (b) A breach of oi delault under any provfalon contained in the Note,ihis Deed of Trust,eny of tha Loan Instrumente,or any �_____
<br /> ' � " other lien or encumbrance upon the Property; �""t'
<br /> � � (c) A writ of execution or attechment or any slmilar procesa ahell be entered agalnst Trustor which ahall become e Ilen on �..-_—
<br /> the Property or any portlon there�l or Interest thereln; ��=-'
<br /> � ° (d) There ahell 6e flled by or agelnst Trustor or 8orrower an actlon under any present or future federal,stete or other �d;
<br /> �.�• aletute,lew or repulatlon relating to benkruptcy,insolvency or other reliel for debtora:or there shall be appolnted any trustee,
<br /> ~^-- receiver or Iiquldetor of Trustor or Borrower or ol all or any parl ol the Property,or the rents,lasue�or protlts thereof,or Truator �, ,
<br /> �. •� or 8orrower shall make any general assignment for the benellt of credikrs; _�
<br /> j� ... �� � � � (e) The sele,transier,lease,assignment, conveyance or further encumbrance ol all or any paA ot or eny Interest In Ihe �y�:_�:
<br /> ! Properly,either volunterlly or involuntarlly, without the expreas wrltten consent of Lender, provfded that Trustor ahall be �^-;=�_
<br /> ��`�� - •. permitted to execute e lease of the Property that does not contaM an option to purchaoe and the term of whlah does not exceed •�___
<br />�.' • • one year,
<br /> • �• " (Q Abendonment ot the Property;or
<br /> (p) If Trustor Is not en Indfvidual,the iasuance,sale,tranafer,asslynment,conveyance or encumbrence of more than a total
<br /> • ot percent of(If e corporauon)Its Issued and outstanding stock or(if a partnershlp)a total ol percent of � -__
<br /> -rr•°. pertnerahip Intereste during the period thls Deed ol Trust remalns a lien on lhe Property. —'�-
<br /> ' � 12. R�m�dl„;AccN�rallon Upon Dd�ult.In the event ot any Event ol Delaull Lender mey,without notice except as required by
<br /> • law,declere all indebtednesa secured hereby to be due and peyeble and the same shall thereupon become due end peyeble
<br />' ' r aR r Lender ma : ��`-
<br /> . + without any preaentmen�demand,proteat or noUce of any klnd. The e e y �
<br /> (a) Demand that Trustee exerciae the POWER OF 5ALE granted herein.end Trustee shall therea(ler cause Truator'e .
<br /> .. � interest In the Properly to be sold and the proceeds to be d�stnbuted,all In the manner provfded In the Nebraska Trust Deeds ,
<br /> Act;
<br /> • •• .. (b) Exercfae any and all riflhts provlded lor in any ol the Loan Insiruments or by law upon occurrance of any Event of
<br /> �' Oefault;and �
<br /> t� (c) Commence en actlon to foreclose thls Deed ot Trust as a morlgage,appoint a recelver,or speclffcelly enlorce a�y ol the
<br /> " covenants hereof.
<br /> No remedy hereln conterred upon or reserved to Trustee or Lender Is Intended to be exclusfve of any other remedy herein,fn the ;
<br /> Loen Inatruments or by law provided or permitled,but Qach shall be cumulatfve.ahall be fn addition to every other remedy glven � .
<br /> ' hereunder,in ihe Loan Inetruments or now or herealter existing at law or m equ�ty or by stalute,and may be exercised Conc urrently, �-
<br /> � Independently or successively.
<br /> 13. TruNN.The Truatee may resign at any t�me without cause,and Lender may et any t�me and without cause appoint e �
<br /> `. successor or substitute Trustee.Trustee shell not be Ifable tv any party.includfng without Ilmitatlon Lender,Borrower,Trustar or any
<br /> purChaser ol the Property,for any loss or damage unless due to reckless Or wllliul misconduct,and shall not be requlred to teke any '
<br /> L__.. _ actlon In connection with the entorcement of thfs Deed of Trust unless fndemnilied. In writing,for all costs, compensation or
<br /> � expenees which may be assocfated Iherewlth.In addltion.Trustee may become a purchaser at any saie oi ihe Properiy�uu��ia�o�
<br /> under the power ol sale granted herefn);postpone the sale of all or any portion of the Property,as provided by law;or eell thE►
<br /> • • Property as a whole,or in separate parcels or lots at Trustee's d�scretion.
<br /> 14. FN�and Exp�nt�s.In the event Trustee sells the Property by exercise of power ol sale,Trustee shall be entitled to apply
<br /> any sale proceeds Ifrat to payment ol all costs and expenses of exerclsing power ol sale,includfng all Trustee's feeb,and Lender's
<br /> ' t,. and Truatee's eriorney's lees.actual ly Incurred lo extent permitled by applfCable lew.In the event Borrower or Trustor exerCi9es eny
<br /> right provided by law to cure an Event o�Default,Lender shal�be entitled to recover from Truator all costs and expensea actually
<br /> incurred as a result of T►uator's delault,Including wfthout Ilmltatlon all Trustees and attorney's lees,to the extent perrnitted by
<br /> applicable law.
<br /> � 15. Futur�Adv�nC��. Upon request ot Borrower, Lender may,at�ts option, make addltfonal and future advances and re-
<br /> advances to Borrower.Such advances and readvances,wllh Interest thereon,shall be secured by thla Deed of Trust.At no time shall
<br /> the principal amount of Ihe Indebtednesa secured by th�a Deed of irust.not�nclud�ng aums advanced to protect the securiry o1 thla
<br /> ' � . Deed of Trust,exceed the oripinal princlpal amount stated herein,or$ whlchever is grsaten
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