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<br /> _ ;,.:.: � ` . •`. '? 10. Cownant�o/Tiwtor with Aa/�ct ro Loaa�.Wlthaut(!w prlo►w�lttan conconf of Benoflclary,Trusfa�hal!not,dlrecdy or lndJrecdy, —� -° --
<br /> , .?'Yy�,� ' ►yJ�/10/�Q�10�Ay N/iI O�ip/CI IR Ih1�IUS�PIOpNfjl�Of Aflr�l0/1I0►�1hM�0I�W�IhY/WGh IIYli lt f10W Ol hNr1KN lll�1df1N101. ���..�.....
<br /> ' (a) Acc�pt a pnmlt�nY P+rWY�►�n►,dlscaw�t a�dvu►o�paymmt ol r�nt harund�r In�xcat ol aw month, �e.i'�_..:� :��
<br /> ,,, t�rmMetlon a iumnd�r fh�no! �- _
<br /> Ib1 C�ncW a t�nrMn�n t1��,or�cc�pf u,y au�c�H�don. ,ar prnNr any�v�nt ro oocur whlch warld
<br /> ����,�4:J�;:'.: ' oocw N�rwnd�r ro rum+natr o►crnc�►rh�wn�,aMr rtNn t�m,in�don lor r►w►prr��wnr ot rvnr, _— ----
<br /> ^ � (o) M►�nd or modly fh�aam�so�s to wduc�d�twrm dwr�d,th�roMV pay�bly d�nund�r�a ro ohanps�ny nn�wd provl�lont
<br /> -..l.. NMrNn ca+rt�ln�d. �_a_
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<br /> � ..''��c•_:._ �:�'� (d) Wilw�ny d�lwlf thrnund�ror b»�ch th�nol.
<br /> 7�;au,.;�a ~` • ' p) plw�ny conaent.walwro►approv�l thwvundw a fako any othar actlon!n connectlon therewld►,or wlth a/essee►hereunder,whbh �-_—_
<br /> !i�►ilt, ' would Mv�dN�fhct of lmpah�np tlN v�ue o/tM Nacor'a lnt�nst rhor�unda a th�properry eubJ�ot thnato,a ol lmpddny fhs
<br /> � oro:��- .-:.;.o,-:f.�+ � posldon a Innnst o/Bon�Bclory dNran,o► ---
<br /> ,,x:� , . �•.A .�.� ` � (Q Srll,eialpn,pl�dpe,matpepe orotl�iwlr�dlapos�M,w e►cumMr Ita Mtaresf In anyaa/d aaso a any renta,lasues,proAta lisulny o,-
<br /> __::_�. : ' �^a...�»_.;':;;-:.. a�d�lnpthsreunde� �____--_
<br /> -=-�'�.�i ���ad�drki.JR:�'' '� f 7. Walver ol Statute of Umltadons.TJma la of the esaence!n ell ol Trustor's obUpatlons end dudes hereunder,�end to the extent pem+ltted —
<br /> — �.;..:... . . . -
<br /> ,�m�.,,,, ;vt�.: by hw,Tiustor walvas ell present a NAuro statufea ol!lmllallona w/th respect to any deW,demand oi obUpadon seau►od I►ereby and ��
<br /> 's",.,. . _ . " !'� any acNon a proce�ding fa tho pu►pose of enlaclnp thla D�ed ol Tiust a any dghts a remedles contained hereln. c
<br /> �,_ t_.c:> .�, "�'�14 ' 18. Asslpnment o/Doposlts.In the eventcanaducdon ol Jmprovements!s contempleted by fhe/oan evidenced by the Note secured �"3 � ::�
<br /> •�"�' •. '� � hereby,aa addldone!secudty therefae. Trustor hereby translera and assigna to Benellclary,all Npht tlde�nd lr�erest to any and all �___--__
<br /> ��. 'd . � nwMea deposlfad by a on behW of Truator wld►eny clty,county,publlc body or agenoy,sanllary dlavlct,ud/!ty company,end �'�_�r�-.'""
<br /> , eny otber body a agency,for the InatN/adon a to secure the insteflatlon of any udlJty by Truaror,pertelnln p to fhe Tiust PivpeRY• �:�=�v�__----
<br /> �• � �� 1p, Corporedon a Pa►Ine►ahlp Exlstenco.l/Trusto►!s a corpoiadon,generef pertnorshlp,a Nmlted partnershlp,It wlll do sll thlnps
<br /> --• � � '`'"''� • -;:� necessery to preserve!ts corporate a parmeraNlp exlatanaa,as the case may be,and ell d�Me and prlvihpea under tho/aws ol tho �•_—'A~~`�~
<br /> . w.:�c:,vt.., :. �,_"-°--
<br /> -- . - . 8tete o/!fslncorpo�atbn ororQanlzaGon.
<br /> " ' ` ° Z0. Fo�bearartce by BeneBclary Not a WiUver,My forbearance by BeneBclary In exerclsing any dght or remedy hereunder,or otherwl� 1°r�:;°�.�__ T...
<br /> ' ' aNaded by appllcable law,shaU not b�a weNer ol o�preclude the exarclse o�eny such dght or remedy.The procwement ol � �-
<br /> . '.uiYi,�.::'.
<br /> � � � ` insurance or the payment ol taxes a fhe dlsahw�e of 1lena a cherges by 8anollGary sha!!not ba a waivar ol&tne/!clary's d�ht to �;.,a,.,�, -
<br /> ' ' �' eccele►ete the maturity of the lndebtednesa.
<br /> � • � ° •✓� 21. Remedles CumWadve.All remed/es provlded In thls Deed ol Trust are d/stlncf and cumuladve to eny other rlght or remedy under thk _=iL°�,'_ �
<br /> • Deed ol Trust a eHaded 6y!aw a equlry,and may be exerclsed concunendy,fidependendy ai successlve/y. _
<br /> , ;,�'�� 22. Successas and Assl9ns Bound;Jolnt end Several Uablllty;Ceptlona.The covenants and apreements hereln eontelned shall bind,and _�v�_Y
<br /> , � . �j, tlie dphta hereunder ahell lnure to,fhe r+especdve sucaessora and esslgns o/BeneNclery,Tiustee,and Tiustor.All covenants end �__^__
<br /> ' „ �� agieements o!Tiustor ahell be plirt and aevereL The r.epdons end headings nl the paraprepha ol this Deed ol Tiust are Ia R*�---�---
<br /> ' " convenlance only and are not ro be usad ro Interpret or deNne the provlslons hereo% r h,Y ,.
<br /> •. � � 23. Notice.Except lar eny nodce requl►ed under appllcable law to be glven!n enother manner,(a)any nodce to Tiustor provided/or in q►ls
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<br /> ,�r,•,.. : _i:._.o ,_. ,.,:�', Deed of Tiust shall be qlven bymalAng such nodce by certlfled mell,retum recelpt iequested eddressed ro Tiustor at!ts melling _ �__
<br /> . , sddr+eas set forth abovn or at sucfr obtrsi address as Trusior may dasl�n�ta by natlas ta Beneliclsry as pravlded hereln,�nd{b)any =
<br /> .,. � � notice to BeneNclery a Trustae shall be ylven by ceAlNed mell,retum recelpt requested,to Beneflclary's and Truatee's melling _____.__
<br /> ' " addreas steted hereln oi M such other eddress as BeneNclery o�Trostae may dealgnate by nodce to TiusMr ss provlded hereln.My ��al
<br /> notice piavlded forin fhls Desd ol Trust sl►all be deemed to hovo bean piven fo Tiustor,BeneNclary or Tiustee when plvenln the ����_
<br /> • • mennerdediynated hereln, �—��-
<br /> • 2�. Ooveminq I aw;SevereblUty. Thls Deed o!Tivat shell be povemed by the lews o/the SQafe o!Nebraske.In the event eny provJslon or �1i°�'�
<br /> �• , clause o/fhls Deed ot Tiust conNlcts wfth eppllcable law,such conNlct shell not al/ect ofhei provlalons o/thls Daed o/Tiust whlCh cen =_-_ --
<br /> be plven e//ect without the confllcBnp provlsions and to thls end the provJsfons ot thls Deed ol Tivat are declared to be severable. �;.i��..
<br /> ' ' 28. Events ol De/auJt Each o/fhe lol/owlnp occunences shall consBtute an event o/delauR herounder,(herelna/ter aalled an"Event —__ __ __
<br /> �; . o/De/auR'): ����,+ •
<br /> • • (a) Truator shell fell ro pay when dae eny pdnclpsl,Interest,or pr/nc/pel and Interest on the Indebtedness, —
<br /> j.: �• � (b) My werranry of dde made by Tiusror hereJn shall be unbue, '�•`��`�`��
<br /> �"'......
<br /> ; • . �• � (c) Trustor shall lall to observe or perlorm any of the covenants,agreements,or condldona!n thls Deed o/Tiust,
<br /> �1. (d) My representadon or wanany made by Tivafor on any Nnanclal statements or reports submltted lo BenQpciery by or on behell ol •.,.•;.,.,. �-
<br /> f� Trusta shell prove�alse or ma[edaNy misleading, '
<br /> i`� (e) Tiustor shell lall ro pedorm or obse►ve eny of the covenents,condldons or ag►eements conta/ned in,or 61nd(ng upon Trustor under - •�•,i�_•.�,
<br /> � : any buflding loan agreement,secudty epreement,loen agreement Bnancing staternent a any other egraement,lnsdument a _____ _
<br /> � ' v dxument executed by Trusror In connec[!on wRh the ben evidenced by the Note. —
<br /> 'Ov.�.T=�-_-
<br /> (Q A hustee,recelver o►pquldaror M fha Trust Property o►ol Trosto►she/l be appolnted,o►any of the credlrors of Trustor shell flle� �' - _
<br /> •• peStlon!n bankrupA:y agalnst Tiusror,a lor the�eorganlratlon of Trusto�pursuant to the Federal Bankiuptcy Code,a any slmllar �Y .
<br /> ., lew,whether lederal or atete,and if such order or peBdon shall not be dlscharged or dlsmisaed wltMn th1Ay(30)doya alror d�e date 1�-_�-__— -
<br /> • �� on whlch such ader or petldon was f!/od, �
<br /> '' (p) Tiusta shall H!e e ped8on pursuant to the fede�al Bankruptcy Code or any slmllar/aw,/edere!or state,or lf Trustor shell be �
<br /> ' •• adJudged e benkrupt,or bB declered Insolvent,or shall make en assfgnment!or the benelit o/credltois,or shell admlt!n wNtlny!ts �.; '��� ��
<br /> • lnadllty to pay Its debfs as they bec�me due,or shall consent to 1he appolntment o/a recelvero�ell or eny part ol the Tiust Property, �
<br /> , � (A) Flnal judgment loi the peyment o!money shal/be rendered agalnst Tiustor and Tiustor shall not dlscharge the seme,or ceuse Jt fo
<br /> be dlscharged,withln thlrfy/30)deys aRer the entry thereo/,or shall not apAeal fhere6om or/rom the order,deaee or process upon �
<br /> which or pursuant fo whlch seld Judgment was granted,besed,or entered,and secure e sfay of executlon pending such appeal,
<br /> � .� (1) 7rustor shal!sell or convey the Tiust Propeiry,or any part thereo/,or any Interest fherein, or shall be dlvested o/its tlde,a eny(nterest � ,
<br /> thereln,!n any manner or way,whetlrsr voluntaNly or Involuntedly,w/thout the wrlften consent o�BeneNclery being Ilrst hed end
<br /> obtalned,or
<br /> � Q) ll Trustorls a corporaUon or perfnershlp and more than filry percent(50°r,)o!the sha�es or benelicial lnterests!n such corparatlon a �
<br /> � partnershlp,as the case may be,sha/I be translerred or conveyed,whether vdunterlly or InvoJunfanly, without the wntten consent o/ �
<br /> Benellclary being Ifrsf had end obtelned. � �
<br /> ' 28. Acceleradon o/DebC Foreclosuro.Upon the xcurrence of any Event ol DeleuU,or eny trme the�ealter, Benef(clary may,at its optfon. `
<br /> . declare all the Indebtedness secu►ed hereby immedlately due and peyable end the same shall bear Interest at the delault rete,if any, �
<br /> f set fath!n the Note,or otherwlse et fhe hlphest rate permltted by law,and.lnespective of whether Beneliclary exerclses se(d optlon,it
<br /> ' � may,at lts optlon and in!fs sole dlsc►et(on, witl�out eny lurther notice or demand to or upon Trustor,do one or more o!the lollow(ng; ti
<br /> `���- �e� o�e�;�ra.�...�n�o�ro.�,n�n rAkp m�eacann M maneae and onerate the Trust Prove►tv a anv nart thereoF,make repairs and
<br /> ' �M� alteretlons an�do any acts which Bsneliciary deems proper to�protect the security thereof,and either with or w(thout feking '
<br /> possesslon,In fts own name,sue for or otherwlse collect and receive rents,issues and profds,includ�ng those pest due and unpald.
<br /> " and apply the same,/ess costs and expunses o�operation and collection,lncluding reasonable attorney lees and Benel�ciary's
<br /> , costs,upon the Indebtedness secured hereby and�n such order as Benelfclery may determrne. Upon request of BeneBc�ery.Trustor
<br /> • shall assemble and shall meke are�laWe to Benelic(ary any of the Trust Property wh�ch has been removed. The entering upon and
<br /> taking possesslon ol fhe Tiust I'ropaity,the collecfion ol any rertfs,issues end prolits,snd the epplicahon thereot as aloresaid,shall
<br /> .! � t_..� �iviu �M��....M.....� . � �Y��• r .fvuiu . . � �t��i..�. ..V�....
<br /> 'i-.. - ..__ IIV�VYIO VI YIOI�O f/llr Uplt�Yil 11 O�O�v V%� Y�YU����WVY����iy.V:M��VY.V.��•�v::YV.. Y.•Vi:i�i�i„Y V. JY V•.Y�:.u•. �..•
<br /> lnvalldate any ect done pursuant fo a►ry such nohce.NotwRhstanding Beneliciary's conrmuance m possession or recelpt and
<br /> � appllceNon o(rents,issues or prolrts.Beneliaary shell be enhded to exercise every nght p�owde.�for m th�s Deed of Trust or by law
<br /> ' upon or a/ter fhe occurrence of an Event of Defau/t.includmg the nght to exercise the power of sale. Any of the achons relerred to m
<br /> this paragreph may be faken by Beneflcrery at such hme as denelic�ary may detormme wdhouf rey;�rd to[he adequacy of any
<br /> ' secunry for the Mdebfedness securad he�eby.
<br /> , '� ' +• - (b) Beneliclary shaq,wlthout regr�rd ro the adequacy o/eny secunry for the Indeb�edness secured hereby.be entitled to the
<br /> • appnintment o/a receiver by any court hawng�urisdiction,wdhout notice, to take possession o�.profect,and manage the Trust
<br /> , Property and operate the same and collect the rents.issues and prolrts rheretrom.
<br /> t (e) Beneliciary may bnng any achon m any cvurt of compotant�w�sd�ct�on to loreclose th�s Deed of Tnist or enlorce any ol the
<br /> Covenents hereol �
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