|
, �^�. r �`4aa���_ ' . +� , .. .., •.,, �_,.�s�.._
<br /> p �� �—r�.�t - •.�. - �.�;r�1Pq�., ..
<br /> .� A . . __ __.. _. '_. _—
<br /> -= - - ° 92— go�,o _
<br /> - tM PropMy 1�a t�k�n or d�naa�d,LNtd�r�h�ll h�w th�optlon,In Iss sot��nd�bwlut�dl�cnllon.W YPpIY all�uoh PIOCNds.
<br /> ��_- i wr�iad�ctk�iAcrsiram att caata��;t�r+a�Int.�urr.d by!!!a aannacllon ult�auch E'roctszdu.apotti artiy{r�dabisdnoca i�cur�d -
<br /> h�r�by and In tuah ordK u Und�r m�y d�t�rmin�,ar la app�y all�uoh Proc«ds,aR�r�uoh d�sluotlom,to ihs ratoratlon of tl�
<br /> � Propeh upon wah condltiom n L�nd�r maq d�hrmins.Any applicadon of P�ocwd�to Indabrodnw shdl not�xbnd or posq�on�
<br /> ' , Ih�dw d�t�ol my p�ym�nb und�r thr Noq,or aun�ny dilault tMnund�r w h�nundn.My un�ppll�d lundr�h�ll b�p�ld to
<br /> --��.,__— � T►wto►. _
<br /> _yp,l— — e. P�Aor�nNlc�by L�nd�r.Upon Ih�ucaurnnc�of an Ewnt ol W1w�t h�r�undar,or If�ny�at Is taken or Ip�l procadlap
<br /> �• comm�na�d whioh rtuibrl�lly�Il�aq�Lsnd�r s Int�r��t In th�Prop�Hy,L�ndK rtuiy In Its own dltcr�tlon,bat without obllq�tlonto do
<br /> �o,�nd without notla�to or d�m�nd upon TrwWr ond without nl�aalnp Tru�tpr Irom any oblip�tlon,do any eat which T�utta fus
<br /> ___ " ' �{�ra�A but I�fl�to do�nd m�y dso do any oth�r�ot It deem�n�ae�wry to protsot the wcuriry horeof.Tru�tar ahdl,Imm�t�ly
<br /> - - - _ _ -���� upon d�m�nd th�►�lor by l.snA�r,�+ny to Lendet eR coeM nnd expeneee Ineinred and�um��xp�nd�d by Lond�r In conn�oqon wNh �
<br /> ':�i�:����:.:`'- ths axerciw by L��dsr o}tM forspolnp rlphU,topathar with Interest thareon at tha dofault rate provfdad In tha NoU,wMch shdl b�
<br /> _ ��-����� addsd to th� Ind�bt�dna� Mour�d hK�by. l.�nd�r�hall not inaur any IfabAlty b�cauw ol a�nythlnp It m�y do w omlt to do
<br /> - �"~�,�=.'.�`•• h�r�und�r.
<br /> - __- _.. ._ _ ,�_-,-�� -
<br /> _�;�� 9. Hasardous MatNiab.Trustor�hall k�ap the Property In oompllence wlth all applloable lawi,ordin�nces and ropuldfons
<br /> - -- . reladnp to Indurufal hyplene or anvironmontel prot�cdon(collectively reforred to he�ein a�"Envlronmental Lawe'q.Tru�lor sfull
<br /> ��••-�++=��-,� keep the Properry irsa i�om e0�ubNances deam�d to ba hazardous or toxlo under any EnvironmenWl L.ows(ooll�apvoly rolenedto
<br /> .,� h�rein as"Hazudou�M�brl�l�").T►uftor hereby war�enta end represente to Lender thpt there an no Hezerdou�Moterl�is on or
<br /> `���'�� under 1he Propery.Truator hereby apraei to Indemnlly and hold harmless Lender,Iro dl�ectors,oif�erd,emptoyees andapenq,end
<br /> , ' "-- any succefeon to Lendar's Intereat,irom and aQain�t any and all clalm�,damayes,loases and Ilebllitles arisinp In conneotlon wNh
<br /> � ��',;. � the preeence,uw.dlepoul or tran�port of any Hazerdoue Meterials on,under,from or about Ihe Properly.THE FOFlEOOIN[3
<br /> - � �• WARRANTIES ANO.REPRESENTATIONS,AND TRUSTOR'3 OBLI(3ATION3 PURSUANT TO TH@ FORE(301N0 INDEMNITY,SHALL -
<br /> '�'���I� ��� 8URVNE RECONVEYANCE OF THI3 DEHD OF TRUBT.
<br /> ._ r.-,r�A� •.'
<br /> �=��; .��..� 10. nm�M ol RNtb.Tru�tor hereb aasi ns to Lendor the rents,lwues and roflt�d the Pr rovidod that Truabr
<br /> _.�'• Y � Y 9 P �►�Y�P _
<br /> - ehell,undl the ocourrenee of an Event of Delault hereunde�,heve the rlpht to collect and�eteln euch rente,Isaues and profiu a�th�y
<br /> ',..,>• .x ' � '�` become due end payabla.Upon the occurrence ot an Event of Defaul�Lender may,either In perean or by apent,wlth or wlthaut
<br /> —�`�°'`""'`'""� brin�inp eny ectb�or p►oceedinp,or by a�ecelver appointed by a court and without reperd to the adequacy ot its aocuriy,enMr
<br /> :���,� �`���`" '� ;` upon and teke posseesion of the Property,or eny part thereol,In ita own name or In the name of thq Trustee,and do any acta which It
<br /> ` '•.:�`:`';4•�'�. , deema neceaeery or deatrable to preserve the value,marketebl0ty or�enfebillty of the Property,or any part thereof or Intereat theroln.
<br /> �y ' ' ' ' Increase the income theretrom or proteat the aeeurity horeof end,with or without takinp po�eesalon ol lhe Properry,aue lor o�
<br /> "� ��a� , :�; .�,,•� otherwlee collect the rente,loeuea end protits thereof,Includinp those paet due and unpald,and epply the seme,leee cosq end
<br /> �=-, �'-�••� r'•�� axpeneea ol operaUon and cGlecAOn includinp attorneys'faes,upon any Indebtednees secured hereby,oll In such orde�a�Londor
<br /> - �;�i::A�'......J�-,il,-
<br /> '':; mey determine,The enterinp upon end tekinp posoeselon ol the Prope►tyr,the collection of such rente,Isaues and proliU and the
<br /> ..:�!�`�� epplicedon thereof es aloreeaid,ahall not cure or waive any defaull or notice of delault heveunde�or invalidato any acl dane In
<br /> �� _ � __ _ retponae to such defaultor purauont to ouch noUce of defaull and,notwlthstendlnp the continuance I�pos�es�lon of the Property o�
<br /> �-.W
<br /> -,�,��' •`���'�"�'° ' ` tho collecNon,recelpt end appOcetlon of rents,issuea or proflte,and Trualee and Lender shall be entNled to exerciae every rfaht
<br /> �'�"��^� � provided for in any o}the Loan Instrumenta or by law upon occurrence of any Event ol Dalault.Includin�without Iimtfetbn the ri�hY
<br /> • ":�i=+���+'-�:•.�s ;s;-�, to exercise the power ot tele.Fu�ther,Lender's ri�hts and remedles under Ihis parayreph ohall be cumuletive with,and in no weya --
<br /> '" Ilmitation on,Lender's riphta end remedlea under any aeelpnment of leasea bnd rente recordad opalnst tha Prope►ty.Lender,TNStw
<br />- ' �■�++����*••••� and the receiver shell be Nable to account only br those renta actuelly recaived.
<br /> " '�'�+:
<br /> ��,', 11. Er�nb oi DM�ult.The following shall constitute an Event ol Default under thfs Deed of Trusk
<br /> �� .,
<br /> -- K:. � (a) Fallure to pay any Inatallment of princlpel or fnterest of any other eum eacured hereby when due;
<br /> _ ' Y,,,,�;�.,, ; (b)A breach ol or defeult undsr any provislo�contalnai In tho Nota,thle Oeed ot Truof,any of tho Loon Inetrurtw�u,or any
<br />-��• - � other Ilen or encumbrance upon the Property;
<br /> �r _�.__::
<br />�,,z� �� .�,i�, ,. ��Y (c)A writ of execuNon or attachment or any simllar process shall be entered aflelnst Truator wh�h ahall become a Uen on
<br /> -'_� - y, . .._ ;:>, the Properly or eoy po�lion thereol or Intereat thereln:
<br /> i W ' ,-: (d) There shall be filed by or against Trustor or Borrower an ectlon under any preaent or luture federal,stete or otha� -
<br /> n,...::' .,�.aw�„�,_.:._.�;,
<br /> W..�, statuto,!aw or reputat{on reiaiing lv bankruplcy,i��auivnncy or other relicf for deCtars or there�halt be appointed any tru�tee, a
<br /> `_�� ���° receiver or Iiquldator of Trustor or Borrower or oi ell or any pert o1 the Property,or the rent�,isauea o►profib theroof,or 7rustor
<br />,-_�. � ' or 8onower ahell meke any general asalgnment tor the benetit of credltors;
<br /> �'�� (8).The sale,trenafer,lease,asalgnment,conveyance or further encumbrance ol aH or any part ol or any Inte�ast In the
<br />- ,'. c��^�r propArty, elth6►voluntarily or involuntarlly, without the express wrilten consent ot Lender, provided that Truebr ahell be �
<br /> "•" ' ._�►?'" x:.. permhted to execute a leose of the Prope►ly that does not contein an opNon lo purchare and the term of whlCh doos not excead
<br /> '�: � ona year,
<br /> _ . .vr
<br /> �� ° ' (�Abendonment of the Properly;or =
<br /> � - (q) If Trustar is not an Indivlduel,the Isauence,eale,transler,assiynmen4 conveyance or encumlxanca of morothan a total -
<br /> � • � .
<br />' � . 1:.�,�;�' � of percent of(II a corporetion)Its fssued and outstanding stock or pf a paRnenhfp►a total of pe►cont of �
<br /> �"� partnershlp Interesta during the perlod thls Oeed of Truat remalns a Ilen on the Property.
<br /> �;lt�; .::
<br /> `4y 12. RNn�dN�;Accd�ratbn Up�n O�faW41n the event ol any Event of Defeult Lender mey,without notice except as required by ,
<br /> _;; _r '; � ^ law, declare all Indebtedness eecured hereby to be due and payable and the same ehell thereupon become due and payeble
<br /> y- ,,, without any preaentment,demend,protest or notice ot any kind.Thereatter Lender mey: -
<br /> '•�.��� (a) Demand thet Truslee exerciae the POWER OF SALE granted herein,end Trustee shall thereafter cauae Trustor's
<br /> 1. �.�.. .�; fntereot fn the Property to be aold and the proceeds to be dlatributed,all fn the manne�provlded In the Nebraska Tru�t Oesds
<br /> Aak
<br /> � � (b) Exerciae any and all riphts provided for In any ol the Loan Inatruments or by law upon occurrence ol eny Evont of _
<br /> , •r � Defaulk and �
<br /> , , '� ' „ (c) Commence en xcpon to foreclose ihis Deed oi Trust as a mortyape,eppnlnt a receiver,or spec8fcally enforce any of the
<br /> covenents hereof.
<br />--' • �• No remedy hereln canferred upon or reaerved to Trustee or Lender Is intended to be exclualve of any Olher remedy hareln,In the ,L
<br /> Loan Instrumenta or by lew provided or permltted,but each ahall Ge cumulative,ehall be In addilfon to every other remedy given -
<br /> � hereunder,In the Loa�Instrumenta or now or hereafter ex+sting at law or In equlry or by statute,end may be exerclaed concurrently, =
<br /> � Independently or successively. f
<br /> 13. T►ustN.The Truatee may reslgn at any time without cause,and Lender may at any time and wlthout cause appolnt a 6
<br /> � ` auccessor or substitute Trustee.Truatee ahall not be liable to any party,fncluding wlthout Ilrrltotion Lender,Borrower,Trustor or any '
<br /> ,� _ �,A,1 _ .:_, _ , � purcheeer of the Property,lor any loss or damage unleas due to reckless or willlul misconduct,and ahall not be requlred to take any �
<br /> • — �- — - — acuvn�n connecuon wan me ernorcement o�tma ueua oi �rus� wnnan uiumm�u�w, m wrun�y, w� &ii woi5,C.v�7�yv��osiwi�v: �
<br /> '� ' expen4eo whiCh may be asaoclated therewlth.In addltlon,Trustee mey becOme e purcheser at any sale of the Properry(judiclal o�
<br /> ' � � ,, under the power of sale granted hereln);poatpone the oale of all or any portlon of the Property,as provided by law:or sell tho ;
<br /> • � � Property as a whole,or In eeparate parcels or lots at Trustee's dlscretlon. �
<br /> , !4. FN�and Exp�n�q.In the event Truatee sells the Property by exercise of power ol sale,Trustee shall be entllle�tu epply ,
<br /> . any sale proceeds Ilrat to payment ot all costs and expenses of exerclsing power ot�ale.Including all Trustee's fees,and Lender's
<br /> .;, , _,�; ._ and Trustee's aHorney'a feea,actuallv Incurred to exte�t permitted by appllcable law.In the event 8orrower or Trustor exe►clses any !
<br /> - `"-� � rlyht provided by lew to cure en Event o1 Default,Lender shall be entltled to recover Irom Truslor all Costs end expeneee aCtua�iy
<br /> '' ' incurred aa a result of Truitor's default Including without Ilmftatlon all Trustee's and atlorney's lees,to the extent permitted by ;
<br /> applicable law. �
<br /> • r.r 15. Fulun Adv�nch. Upon request ol Borrawer,Lender may,at fts option,make addltb�al and luture advances and re-
<br /> ' advancea to Borrower.Such advancea and readvancea,wflh Interest thereon,shall be secured by this Deed ol Trust.At no tlme shel I ;
<br /> , the principel amount of the fndebtednesa secured by thls Deed ol l'ruat,not Indudfng sums advanced to protect the securly of thls '
<br /> , .� " Deed of Trust,exceed the oripinal prfnclpal amount stated hereln,or S 17,�00.00 whiChever 18 yreeter. �
<br /> . � •
<br /> � , �
<br /> 4 ", .
<br /> � , � .
<br /> . � �
<br />
|