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<br /> � ` , � ,'. `'` in connect3�on with condemnaUon or other taicing of tha Properiy or Part thereoi.ar tor conveyaTice i�e3 oT��nation. `.� `, ,�...�',a,•
<br /> < Prooeeds' � , , ,
<br /> _--—�----;�-<< tender shali be entitfed�tts optian�oomrrtenae.aPFear in and prosecute in�ts own name any adIon or proceedings.and shall atso __., _ `_.,_
<br /> ''. ` � � � ���s . be er�tiUed to mahe any campromise ot setfiement in oonnecNon witl►such taking or damage.M the eve�t any portton of ttie Praperty is �y F`� :: _ �:�•
<br /> - � .
<br /> �`�`.J •. - so taken or damaged.Lender shsti have the aption!n iLs sote and absol�te discretion,to appty alt such proceeds. after deQud[ng . ,
<br /> :�. .�, ;. `< '' • the�etram a!i oosts and expenses incuned by it in aonnectIon with such Prooeeds,upon any indebtedness secured Aereby and in such , ; ��. �.
<br /> ' , ordar as Lender may detem►Irte.or to appty all such ProceeEs.aft8r suc�deducllon5,to the restoration ot the?raperty upon sueh m� '.'.4. `.:�'4�;.•.
<br /> =� � ' �<.•� . didons as Lender may detertn(ne.AnY apA�catta�at Prooeeds to tnde0fedness shail nct exDend or pos�ane the due date of arry pay t `
<br />' 4 � � ments under the Note,or c.�re ar►y defautt tt�eceunder or heceunder.Arry unapplied funds shafl be paid to Tn�tor. � `".�
<br /> < � 8,per{omranee by tender.Upon the occuRence of an Event of Oefaul!hereunder,or ii a�y act is taken or tegal prooeeding •� f . .
<br /> , . opmmenced xrhid�matedal[y aftects Lender's interest in the Property.Lender may in its own disaetian.but without obtigation bo do so. �< •° .
<br /> -' ' • � and vuithout notioe to or demand upon Trustor and without reteasfng Tnistor from gny obiigation,do any act whicA Trustor has agreed c F��-- .
<br /> ` •` -=^` but faited to do and may atso do any other act it deams neoessary to pmtecK the security hereof. TrusOor shall,imme�atety upon
<br /> _ _;;:;.w,,�y. , .�,� � � �
<br /> - demand therefor by Lender,pay to Lender all costs an0 expenses incurre6 and sums expended by Lender in oonnecdon with the exer-
<br /> '" .z- �'-'-- cise by Lender of the forego(ng aghts,together with frtterest tt�erean at fhe dafauit rste pm�Ir�!!te Moie.wfitch shall da added to �-- - - -.
<br /> x.,^.j the indehLedness secured hereby.Lender strall not inar any IiabiTRy because of anytNng It may do or omit to do hereurtder. ` , .; .
<br /> . � 9.Haaardous Materiats.Tnisiar shaH keep fhe Properiy in oompfiancg wtth aU app4cabte taws,ordinances and regutations `., ` ,_� � ,.
<br /> . •,�r�'` relating to industrial hyg[ene or enviranmental protecbon(colledivety referted to her�ein as'E nv lronmen t a l L a w s'•T n i s t o r s h a l t k e e p �
<br /> _ . -. - the Property free from all substances deemed to be harardaus or fo�c under any Environmentai Lavus(coRec6ve�y►refarrsd to her�ein , _.. . ; _
<br /> � �` as'HaYardous Materiais').Twtor hereby warrants and r+epresents W Lender that there are no Hazardaus Materiats on or under the ,
<br /> ` Property.Tnutor hereby agrees to indemnify and ho(d harmless Lender.its directors,officers,emptoyees artd agertfs,and any sua:es- ..
<br /> � ` �'�, �z sors to Lenders irtterest,from and agatnst any and aU daims.damages.losses and Iiabiiities arising tn connectinn with the presence, p • -
<br /> � �-� use,dispasal or transpoR oi any Ha�ardo�Materiais on,under,from or about the Pmperty.THE FOREGOING WARRAMffES MtD • � _ __-
<br /> - " �'.��< <� ``: REPRESENTATIONS,AND TRUSTOR'S OBUGATI�NS PllRSUANT TO THE FOREGOING INOEi1ANITY, SHALL SURVNE � -�- -
<br /> '���.;; .: ;,„. . RECONVEYMICE OF THtS�Em OF TRUST.
<br /> ,F - - - , . 10.AssfgsuneM of Eteats.Tiustor hereby asstgns W l.ender,ans grents Lender a security interest in,a!1 present,fuhire and _,
<br /> �f'.,:..�:!.^y • af0er arising renLs,issues and profits of the Property;provtded that Truslor shaU.until the occurrence of an Event of Detault,hereund$r,
<br />--`<<�_ �_ ' - - t�ve tfie right tn wllect and cetaln such[ems,issues and profits as they Deoome due and payable.Upon tha occumence of an Even�of ;-. ':L��`• _
<br />': t: , . ���`' Qefauk,Lender may,either in per�on or by agent,wiB►or Mdthout bdnging any actlon or praceeding,ar lry a r+eceiver appointed by a �` `� ^
<br /> _ � wuR and without regard to the adequacy af�securit�.enter upon and take pASSassion oi the PropeRy,or arry part thereai.in iGs own �•� •` '' _ _�
<br /> ' name or in ihe name of the Trustee,and du any ads whlch it deems ne�ssary or Oesirable to presanre t#�e value.martcetabAiry ot '� _�_ ._,•_
<br /> , � � rantabifity oi the Property,or any paR Nereaf or interest t3esrein,or to increase the income therefram or protect the security hereof and + "." =
<br /> - . ; �ith or without taking possessio�of fhe Pcoperty.sae for or otherwise cotlect the r�ents,issues and profib thereof induding those past ' �•� •.,� _
<br /> .,�� ' . � .�`" due and unpaid.by notifying tenants to make payments tn lender.Lender may appty resns.issues and prafits,less�and expens- �.�: ,;• �.-_..,�.,
<br /> .. - as of operaUon and oollectlon inctuding aitomey/s fees,W any inde6tedness secured here6y.all in such order as Lender may Qeter- :i.,::�.=__-
<br /> - ' " mine.Tha enUeBng upon and taking possession of the Property,the coiledion of sucb cents.issues and pmfiffi.and Uie appfcc�tion � _
<br /> t� ` ��� thereot as aforesaid shaU nat cure or waive any Qefault or notice of deTauft hereunder or invaliQate any ad done fi response tv s.ich ' 'r�.
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<br /> �..,,. •: � • detauit or pursuant W such natice of defautt and, notwithstanding the cantinnanca�+ possess9on ot the properly or the collec�on, ,
<br /> ':��.� re�eipt artd applicaUan of rents,issues or prof�,Trustee and Lender shall be entiti2d ta exercise every dght provtQed tor in any of the =_—
<br /> '. ' • ' Loan tnstruments or by law upon occumanoa of erry Event of OefauN,induding without limitatton the rtght to exerrdse the power of sa►e. _ _
<br /> -���'-- � ��-`-`�— Further,Lenders rigMs and remedies under this paragraph shail be cumulative witb,and in no way a limitatton on,Lenders rights and -
<br /> ' � remedies under any assignment oi leases and renLs recarded against t�e Property.Lender,Tnistee and the receiver shaU be liabTe to "� _ ��_
<br /> � � account onty for those renta actualiy received. � '� -:���
<br /> '" , ` 11_EveiKs of Qefaul4 The M1lowing shall wnstitute an Event of Oefauit under this Desd ot Ynrst . �
<br /> `. - (a)Fatture to pay any instailment of pdnppai or interest or any other sum�ecured hereby when due; 'w�_,
<br /> .,f; .� � � _ •,� (b}A breach of or detautt nnder any provision contained In the Note.this Oeed of Tn�st.any oi tha Loan Instruments,or any - ;
<br /> other t�n or encumbrance upon the Properiy; � � ~�
<br /> �;��y ` ��. � (c)A w ri t o t e x e a rt l o n o r a d a c h m e n t a r an y s i m i l a r p r o c e s s s h a l l b e e n t e r e d a g a i a s t T n i s t o r w hi c A shali become a lien on ;•..�•_ ,����-
<br /> the PropeRy or any portlon Utereof or interest therein; r • ���„���-
<br /> ` ` j'� • (�There shall tas�'ed by or against Tn�stor or 8orrower an adion unQer any present or future fede�al.state or other statute, � _
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<br /> . . tuw or regufatlon re9ating to bankruptcy.insolvancy or other rs8et for debWra;or there ahafl be appointed arry trustee,rsc�Ivor or —
<br /> , . IiqulAator of TrusOor or Borrower or of ait or any paR of ths Properry,or the rents,issues or profib thereoT,or T�r or Borrower __
<br /> ; ,: � �"' shall make any generat assignment for the benefit of aeditnrs; ' ___
<br /> �,:-; � ' (e)The sate,transfer,teaso,asslgnment,oonveyance or funher enc+�mbrance of afi or any paA o!or any Interest in the _ _
<br /> ' •��' , � Property.either vofuntarfty or involuntarily.without the express written oonsent of Lender,provided that Tcustor sha11 be permit- . _
<br /> . � ted to execute a lease of the Property that does not oorrtaU an opton to purchase and tha term of whict�does not exceed one
<br /> '•' ' .. year, , ';.
<br />`=:S .:� ' � (�AbandonmentofthePropeRy;or ,_• .
<br /> � . ' (g)4i Trustor is not an individual,the issuance,sate,transf�r,asstgnment,convayance or encumbrance oi more tt�an(ii a ,. <
<br /> oorporaUon)a total ot percent of its issued and outstanding stock,or(ii a partnership)a Wtal of per-
<br /> • cent ot partneBhip intetests,or(if a lim(ted tiability company)a tofel ot percent of the Itmited Babitity compa-
<br /> � : �- � ' ny interests or vo�ng rtghts dudng the period this Oeed af Tnut remains a Hen an the proDenY• . _ ,
<br /> , ' , 12.Remedies;Aeeeteration Upon Dafautt In the event oi any Evant of Oefauli Lender may,w►thout notice except es requlred � .� ., �
<br /> '{c,, � , by law,declare ail fndebtedness secured hereby to be due and payabte and tha same shall thereu,�on became due and payabte with- . . . : .
<br /> �� . . out any presentment,demand,protest or notice oi any kind.Thereafter Lender may: ..
<br /> (a)Demand that Trustee exercise the POWER OF SALE granted herein,end Trustee shall thereafter cause Trustors inter-
<br /> � � ' est in the PiropeRy to be sold and the proceeds to be d�stributed,atl in the manner provt�ed i�the Nebraska Trust Oeeds Acf;
<br /> -� (b)Exerctse any artd a!!dghts proviQed for in any ol the Loan InsUuments or by law upon occurtenca oi arry Event ot . � .
<br /> Detaul�and �
<br />- _ . (c)Commence an action to foreclose fhis Oeed of Trust as a mortgage,aypolnt a receiver,or spec(fipity eniorce�r,y ot the
<br /> , covenanta hereoi.
<br /> • . No remedy hereln wnterred upon or reserved to Trustee or Lender is intended to be exclusive of any other�emedy herein,in tha Loan " .
<br /> " � � � tnsUuments or by law provided or permttted,but each shail be CumulaUve,shall be in addiUon to every other remedy given hereander, •
<br /> .. In the Loan Instruments or now or hereafter exisUng at taw or In equily or by statute,and may be exerdsed ooncurrentty,independenUy .
<br /> . . .' � orsuccesively. .
<br /> • . � 13.Tnistee.The Trustee may resign at any Ume wilhout cause,and Lender may at any tlme and wlthout cause appoint a suF �
<br /> � � � cessor or substitute Trustee.Trustee shall not be liable to eny paRy,including without IimltaUon Lender,Borrower,Trustor or any pur-
<br /> � " chaser of the Property,for any loss or damage unlesa due to recktess or tiviliful misconduct,and shatl not be required to teke any action ' �
<br /> • • in connecUon with the enforcement of this Deed oi Trust unlesa indemnifled,in wridng,for all cos{s,compensaUon or expenses wfiich � •
<br /> � may be assaGated therewith.In addition,Tnistee may become a purohaser at any sate of the Property Qudiciat or under the power o1 �
<br /> sate granted hereln);postpone the sate o}all or any porUon oi the Praperty,as provlde�by law:or sell the Property as a whole,or In . ,.
<br /> �__ . - � separate parceis or lots at Trustoe's discreUon. .. �
<br /> �.•�� • 14.Fees and Expensea.In the event Trustee selis the PropeRy by exerGse oi power of sate.Trustee shali be entiUed to appiy
<br />. �. any sale praceeds flrst to payment oi aH costs and expanses oi exercising power oi sate,including ail Trustee's fees,and Lenders and .
<br /> Trustee's attomey's tees, actualty lncurred to extent permitted by applicable lavi. In the event 8orrower or Trustor exercises any right � .,
<br /> provided by law to cure an Event of Detault,Lende►shali be entitled to recover from Trustor ail costs and expenses actually lncurred as
<br /> . �� � a result ol7rustar's default,inciudirtg without IlmitaUon alt Trustee's and attomeys fees,to the exteat pormitted by applicabte taw. - . ..
<br />-• � 15.Fu4ure Advances.Upon request ot Borrowar,Lender may,at its option,make addiUonal and tuture advances and read-
<br /> vances to Bonower.Such advances and readvances,with interest thereon,shall be secured by this Deed ot Trust.At no ttme shail the
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