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<br /> � `'Procca8�")In cam�cutlon elflh�bmiomnotlon or othor tnlclnd o}tho Proporty or�art tltioreol,or tor convoyanco In Ilo��c�On c�hnatlon. _
<br /> lendnr chall b�antitl�d al Its optlon to cori�rnonc�,appcnr In nncl pro�ccufo In Ito o1m rtnmo any acilon ar proccadinQa,and chflll nl�o
<br /> �� Ge enAQod to make any compromise or e�ttlemant In connection wlth such taking or damage.In the event any portlon o}the Nroperty Is _
<br /> .�� so taken or dnmaped,Lender shall have thrj option In Ite sole nnd absolute dlscretlon, to apply all such proceads, ufter deducting -
<br /> r: �t .. theretrom all coste t�nd expenaes Incurred by It In connactlon with Auch Proceeds,upon any Indebtednese secured hereby end in such °
<br /> order aa Lendar may detarmine,or to apply all euah Proc9ods,altor such deductlans,to the restoratlon ot the Property upon such con• -
<br /> � ,� �� ditians es Lender may detertnlns.Ar�y applicatlon ol Proceeda to Indebtednesa ahail not extend or postpone the due date oi any pay
<br /> ., ; menta under the Note,or cura any default thereunder or haraunder.Any unapplled(unds shell be pald to Trustor.
<br /> 0. P�rfamanc�by L�nd�r.Upon the oocunence ot an Event ot Delauit hereunder,or if any act Is taken or legal proceeding `
<br /> �• commenced which muterialty aftects l.endera Interest In the Property,Lender may in ita own discretlan,but wilhout obligation to do so,
<br /> `..(µJ�S , and wiihout notic�to or demand upon Trustor and wilhout releacing Trustor from any obiigation,do any act which Trustor hue agreed
<br /> r•�, �:�.v-• but 4afled to do end may also do any other ect It deema necessary to protoct the securfty horeof. Trustor shall,lmmedlately upan
<br /> �� demand therefor by Lender,pay to Lender eli coats end expenses Incurred and sums expended by Lender in connection with tho exer•
<br /> � cise by Lender of the toregoing righte,togother with Interest there0n et the defauit mte provided In the Note,which sFwll be edded to
<br /> '�!" { the indebtedness secured hemby.Lender shell not incur any Ilabfiity because of anythinp ft may do or omit to do hereunder. _
<br /> � . � 9.Hanrdoui �labri�ls.Tnistor shall keep the Property In compllance wlth a!I appllcable lawe,ordlnancsa and reguiat[ons
<br /> . ral�ting to industrial hyglen�or envlronmental protecqon (coltectively referrod to hereln as"Environmental Lawe").T►ustor shnll koep
<br /> the Property iree trom ell substances deemed to be hazardous or toxfa under any Environmontal Laws(collectivety reterred to herNn
<br /> . ' as"Haxardous Mlaterfals").Tnistor hereby warrenta end represente to Lender that there are no Hazardous Materials on or undar Me
<br /> .:��.. ` Property.Trustor hereby egreos to Indemnity and hoid hartnler,,s Lerx�er,Its directo�s,officere,employsas and agents,and any succes•
<br />��•� • •��i sore to Lender's interest,from and apalnst any end all clalms,damages,lossas and Ilabilittes ariaing in connectian with the presence,
<br /> .`'.�•_NKYL �
<br />;=�„--,.-.., . use,disposel or transport of any Hazardoua Materials on,under,from or about the Propertyr.THE FOREGOIN4 WARRANTIES AND
<br /> �',• REPRESEiUTATIONS,AND TRUSTOR'S OBUOATIONS PURSUANT TO THE FORE(iO1NCi INDEMNITY, SHALL SURVIVE
<br /> :•• � RECOf�1VEYANCE OF THIS DEED OF TRUST.
<br />;���,`�,'�,'����� 10.Aail�nmsnts ot Reniv.Tn�stor hereby asst�ns to Lender,and granta Lender a socudry Intereat ln,aU presont,future and
<br /> ' {'�:,,1 � after a�ising rents,Issuas and proflto of tho Property;provtded thnt Trustor shall,until the occurrence of an Event of Qetault,hereundor,
<br /> .`��:;,`�;.,;i;�. have the�ight to coilect ar�d retain such rents,Issues and profits ns they become due and payabie.Upon ths accurrence ot an Event of
<br /> - " � Detault,Lender may, either In pnrson or by agent, wilh or urlthout bringing any action or procseding,or by a recc3lver appnlnted by e
<br />��'�x�a:v_. b couct and without repard 4o the adoquacy ot(ts secudty,enter upon and take possession of the Property,or any paR thereof,In its own
<br />_��'��-• namu or In the name of the Tivstee,nnd do eny Acts whlch it deems neces!�ry or de�lrable to preserve the value, markotab!!tty or
<br /> ��°��`�'s� rentabllity oi the PropeRy,ar any paR thereot or interest therein,or to increase tho Income therefrom or protect the securiry hereof end,
<br />-'�""�� with or without teking possesstan o(the Property,sue tor or otherwise collect the rents,issuea and profits thereof,tncluding ttwse past
<br /> '"����'t �• due and un id,by noti in tenanta to make payments to Lender.Lender may epply rents,lasues and rofits,less coste and e ns•
<br />-,._i;;Y>". : Pa �Y 9 P �
<br /> �,�,�:, � es oi operatlon and coliectton including attomey's fees, ta any Indebiedness secured heroby,all In such order as I.ender may deter•
<br />.:..�.
<br />,•�==�'••-..'.�,,,��.: mlr.�.Tt�ps►+�sf�g u�n sns!2eP.4ng QQ�QQ�n�!!t�Qso�ct;,!4W�s!��l.�z c!sach ssnt,lrsuQs sn��n!+!IL.?n�±!he T�+lI�A�c+!i
<br /> -='°�•;',� thereof as atoresaid ehall not cure or watve any default or notice of deteult hereunder or Invaiidate any act done In response to such
<br /> "R�-'r'�� defautt or pursusnt to such noica oi default and, norivithstanding the continuance In possassion of the propeAy or the colleation,
<br /> .�. '�
<br /> �-"•'��"`-��t" _ recefpt and applir,ation of�ents,issues or proflte,T�ustee and Lender shall be enUtled to exorcise every right provided for in eny ot the
<br />-'_{;i;,;�,� �oan Instruments or by law upon occurrence of any Event oi Defauft,includfng without Iimitetion the�fght to exerc(se the powor ol sa{e.
<br /> -_==_�;�:�— Further,LendePs riphts and remedies under thla paragraph shall be cumulative with,and in no way e Iimitstion on,Lendera�ights and
<br /> -=-- remediea under any t�saignment oi lease�and rents recordesi agulnst the Property. Londer,Truatea and the receNer shall be tlable to
<br /> — ecco�mt only tor those rents actualty recelved.
<br /> . 11.Hventa of Dehult.The following shall consdtute an Event ot Default under this Doed o}7rust:
<br /> _ = (a)Failure to pay any inatallme�t of prtncipai ur Interest ot any other sum securetl hereby when dve;
<br /> (b)A breach of or defauit undor any provlslon contained In the Note,this Deed ot Trust,any ai the Loan instrumenta,or any
<br /> ��— other Ilen or encumbrance upon the Property;
<br /> ---- (o)A wdt of execution or attachment or eny simllar process shall be entered against Trustor which shall become a Ilen on
<br /> the Property or any portlon thereof or fnterest there(n;
<br /> - (d)There eheli be fflad by or against Tnistor or Borrower an ectfon under any pre�ent or tuture faderel,state�other statu4e,
<br /> "" Iaw or regulatlon relating to bankruptcy,Insolvency or other relief for debtora;or there ahall be appo(nted any VuatnO,recalver ar
<br /> - Iiqu{dator oT Truslor or Barrower or eA all or any part oi tho Property,ar the rents,Issuee or proilte thereot,or Trustor or Borrower
<br /> shEll make any general essigrtment for the benefit ot creditors;
<br /> — (e)The salo,transter, lease, asslgnment,conveyance or further encumbronce oi all or any paR o1 or any interest In Ute
<br /> - �_��� Property,E►Ither voluntadty or Involuntadly,without the expreea wdtten consent of Lender,provlded that Trustor shall be permit-
<br /> � ted to execute a loase of the Properry that cfoes not contain an optton to purchase and the tertn oi wh�h doea nat exceed one '
<br /> year,
<br /> � (�Abandonrr�nt of the Property;or
<br /> — (g)It Truator Is not an Individua�,the Issuance,cale,transfer,asslgnment,conveyance or encumbranco of more than(tf a
<br /> caporetion)e total o} percent ot Its issuod and outstending stock,or(if a partnershlp)a total ot p�r•
<br /> :��s cent ot partnershlp tnteresta,or pf e Iimited IlaWitty compsny)a total of percent of the Iimitod liabl�ity compa-
<br /> --_— ny InteresYe or voUng dghta during the pedod thla Deed ot Trust remalns a Iien on the property.
<br /> -'°°__-^=� 12.RNnadi�s;AccaNr�tton Upon D�faui�in the event ot any Event of Oetault Lender may,without notke excopt es requlred
<br /> -�`°`�41"� by Iaw,declare a:f Indebtedneas secured hereby to be duo and payable and the eame shall thereupon become dua and payable with•
<br /> ����� out ersy presentmant,demand,protest or not�e M any kind.Thereaiter Lender may:
<br /> ���;�f�� (a)Demand that Trustee exercise the POWER OF SALE grented hereln,and Trustoe shall thereafter cause Trustot'o tnter•
<br /> ":'�-� eat in the Property to be sold and the proceeds to be distrihuted,all fn the manner provided in the Nebraska Trust Deeds Act;
<br /> � (b)Exerclse any and all rights provlded lor in any of the Loan Instruments or by law upon ucaurrence oi ttny Event of
<br /> _____:-:,,;,°,r'�i�. Defau�;a�d
<br /> `=:�`�:`��� (c)Commence sn ection to foreciose this Doed of Trust as a mortgage,eppofnt a recefver,or specfilcaliy eniorce any oi th9
<br /> --•'"�-.". `: . covenants hereol.
<br /> -_`�'',•��:��, � No remedy herein conterced upon or reserved to Trustee or Lender is intended to be exclusivo of eny other remedy heretn,In the Loan
<br /> 4��.e' �R....
<br /> - --•• Instrumonts or by law providod or pertnitted,but esch shall ba cumulative, shal)be In addidon to every other remedy givan hereundetr, -
<br /> �,;'_�;"` � In tho Loen Instruments or now or here�fter exlsting at law or In equity or by statute,and may be exerc(sed concurrently,Independenty
<br /> ,a�._-_�- 6r oui�abiveiy. _
<br /> ;-�T; ;. 13.Tnist�.Tt�e Trustee may reslpn at any Ume wfthaut cause,end Lender may at any ttme and wtthout cause eppoint a sua -
<br /> •.,.-.;t^=� cossor or substituto TNStee.Trustee shall not be tiabte to any party, including w(thout Ilm(tetion Lender,Borrower,Trustor or any�ur• _
<br /> - °���'�'��'��� s chaser o}the Proporty,tor any loss or damago unlesa duo to reckless or wtllful misconduct,and shull not bo requlred to tnke any ecttan _
<br /> � °" '��� In connection with the entorcement ot this[?eed pf TNSt unless Indemnifis�d,in wriHng,tor all costs,compRnaation or ex�aenses whlah -
<br /> , may be assaclatod therewith.In additlan,Trustee mey become a purchaser at any sale of the Proparty QUd{cial or under the power ot
<br /> . ' sale pranted hereln);postpone the sele of ell or any portion of the Property,as provided by law;or ssll tho Propsrty as a whote,or In
<br /> , ' seperato paresls or lota et Truatee's discretior+. _
<br /> . � . 14.F���1d�xp�n�.In the evont Trustee selis the Property by exerclse of powor of sale,Trusteo sh�ll be entltled to apply ::
<br /> � any cate proceeds firat to payment of all costs and expenses oi exerc[sing power of c�ale,Including ali Trusteo's teea,and Lender's and
<br /> �� Trustee'e attorr�y's fees, actually Incurred to extent permltted by eppllcabte lew.In the event Etorrower or Truotor exerclaes any ripht
<br /> � provided by law to cure on Event ot Default,Lender shali bo entitled to recover from Trustor all co�ts and expensos actua�ty incurred as j
<br /> :;: �' Ya:' a eesult of Tn�stor's detault,Includinp wlthaut Iimitatbn all T►uateo'a and attomey's leea,to the extont permltted by appli�able Iaw. -
<br /> .� z~� • 16.Futun Adv�nc�s.Upon request of�ortower,Lendsr mey,at Its optlon,make additional and future advancea and read• �
<br /> - . ���:.• � � vanCe9 to Borrowur.SuCh edvanCO9 end�e8dvenCee,with Interest thereon,ehalt be aocured by thle Deed ot T►uat.At no time shell the �
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