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<br /> "Proceed3°)In connection with condemnetlon or other taking of tho Proporty or pnrt lhoraof,or(or conveyanco In Ileu o}condamnatlnn. �-�
<br /> � . � Londor ehall bo ontHtect al Its optlon to commence,appear In ansi prosecUto in Its own ruime eny actlon or pracoedinp9,and shall atso �
<br /> ��.
<br /> • b�onti!Icd Ya mako nny compromf;;o or cotilomont In connactlon vdth euch tnkinp or dAmago.In tho evont any portio�of iho Proparry lo
<br /> � so takon or damagod, Lendor shall IiAVO tha option In Its cola ar�d ubsoluto dlacratlon,to npply all cuch pru�sod�, after d�ducilnp
<br /> fhereirom utt cuaia n�-tu exjrdi�ve�+Incurrad by it in connactlon wlth�uch F�roceads, upan any indebtodnoss socurc�l hereby and in sucn
<br /> t ardor ae Lender cnay datermine,or to apply oll sucli Proceeds,after euch daductlon�,to lhe restoratlon oi the Property upon such con• �
<br /> dltlons ne�ender rnay determino.Any applicatlan of Proceedu to Indebtedness ohnll nol extend o►postpane the due data o1 eny pay- �
<br /> ` mente ur►der the Nate,or cure eny detaull thereunder or hereunder.Any unepplled funda ehail tie pald to Trustor.
<br /> ` 8.p��fam�nc�by L�nGer.Upan the occurrence o1 an Evenl of Detauit hereunder,or If any act is taken or legal procoading "'�
<br /> commancE:ti tihl�P�natodalJgr aficc4s Lcnd�r'c Intora�t In tha Pra�erty,Lender mey In Ite own discreti�n,but wNhout oblig,ntlon to do so, �
<br /> l '�'� end w(thout notice to or demand upon Trustor end wlthout releasing Trustor irom eny obltgation,do eny act wh�h Trustor ha�egreed __
<br /> but fafled to do end may alco do any other act It doems necessary to pratect the security heroaf.Trustor shall, immediatery upon
<br /> �,;� demand therefor by Lender,pay to Lender ttil co�ts and exponsoa Incurred end sums expended by t.anrler in cannectlon with the exer- �
<br /> clse by Lender of fhe taregoing ttghts, together wlth Interest thoreon at the clefau4 rate pravided in the Note,wh�l�ahall be added to �..
<br /> '"�"""'"'�`� tho indebtedness secured hereby.LAnder shall not Incur r�ny liabflity beeause ot anylhing it may do or omft to do hereunder. W.
<br /> ' �. 8. Ha�rdou�Matsrlats. Trustor shall keep the Property In compllance with all applicable laws,orctinances and repulations �..
<br /> � relatinp to indust�ial hypiene or envtronmental protecUon(cWlectively referrud to horoin a�'Environmontal La�srs').Tntstor shall keep _
<br /> - � fhe Property Iree irom ell substancea deemed to be hazerdous or toz�under any Environmental Laws(colbctivaly reterred to herein
<br /> � as"Harsr�oua Materials').Trustor hereby�arrants and representa to Lender that there are no Hazardaus Materials on or under lhe
<br /> � � Properry.Tn�ator hereby agrees to Indemnify and hatd hermtess Lender.ite directore,otticere,emplayees and agenfs,and any su�ces-
<br /> sors to Lendar's fnterest,from and agalnat any and all ctalms,drimapes,losses and Iiabll(ties a�is(ng tn connecUon with the presence,
<br /> �� use,dlsposel or transport of any Hazardous Matedats on,under,from or about the Properiy.THE FOREQOINO WARRANTIES AND
<br /> REPRESENTATIONS, AND TRUSTOR'S OBLIt3AT10NS PURSUANT TO THE FQRE(301N0 INDEMNITY, SHALL SURVIVE
<br /> RECAN�lEYMlC�OF THIS D�FA OF TRUST. �_
<br /> , t0. Aul�ntn�nt�of Rents.Truator heroby asslgna to Lender,and grants Lender a secudry interest tn,ell present,tuture and _
<br /> � efter edsing rents,Issues and proflts oi the Property;provided that Tmstor shall,until the occurrenco o}an Event ot Detault,hereunder,
<br /> , have the right to colieat and retain such rents,issues And profits as ihey become due and payable.Upon 4ho occurrence of an Event of �
<br /> . Default,Lender may,aither in person or by egent,w(th or without bdnging any ection or proceeding,or by a receiver eppointed by a
<br /> � � couR and wtthout regard to the adequacy of ita securly,enter upon and teke pos�esslon af the Property,or any part thereof,(n its own
<br /> name or tn lhe name ot the Trustee, and do any acts which it deema nscessary or desirabto to preserve tt�e vatue,marketability or
<br /> �.., ' rentabiliry of the Property,or any part thereof or interost thereln,or to Increasc�the Income thareirom or protect the secu�iry hereof and,
<br /> . . w(th ar without taking posssss!on of the Property,sue for or otherwise colleat the rents,issues and proilts thereof,including those past
<br /> � due and unpald, by notitying tenants to make payments to Lender. Lender may apply rents,Issues and pro8ts,less costa and expens-
<br /> ` ` - es of operaUon end collection Including ettomey's fees,to any Indebtadness secured hereby,eli in such order as Lender may deter-
<br /> ° � m(ne.The ente�ing upan and taking possessfon of the Property, the collectian of su�h rents, issues and proflts, end the application
<br /> . thereot as r�torasald shall not cure or waive any detault or nutice of default hereunder or invatWate any ect done in response to such
<br /> .,���•§!�`�'r"�: default or pursuant to such noUce ot detautt and, notwitfistanding ine caniinuanw in�iu3sn5�ivi i,i t�a Nr.,�,sriy cr tt�a�s3E�,.'Ylast,
<br />- "'' � recetpt and application oi rente,(ssues or profits,7'rustee and Lender shall ba entitied to exercise every dght provided for In any of the
<br /> ' �� ,`r� Loan Instrumen2s�r by law upon occurrence of any Event ot Defautt Inciud(np without Iimitetfon the►i�ht to exercise the�ower af sale.
<br /> A1� :<i`•'. Further,Lendar's dghts and remQdles under this paragraph shali be cumulative with,and{n no way a limitation on,Londers rlghta and
<br /> -_-�:';.� '�,ti'•• , remedies under any a.SSignment of loases a�d rents recorded against the Property.Lender,Trustee arsd the recelver oha11 be liab{e to
<br /> ,- account anly to�ttwse rents actually recelved.
<br /> .';'.' ��� 11. EwnU of DsfauBt.T'he iollowing shall constltuts an Event of Dotault under Uils Qeed of Trus�
<br /> .`:Y:`-:1�r.
<br />.v�4,�:��""'� a Failure to pay�ny installment oi pdncipal or interest ot any other sum escured hereby when due;
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<br /> -�;,,�� (b)A breach of or default under any prov(slon contained In tho Note,this Deed of Trust,any of the Loan instruments,or any
<br /> ,..,-�=- other Iien or encumbrance upon the Property;
<br /> ., .�..,
<br />�-�'�` (o)A wdt of exocutlon or attechment or any simllar process shall be entered agalnst Trustor whlch shall becorne a Ilen on
<br />- the Property or any pordon thereot or Interest thereln;
<br /> _. ..� (�There shall be filad by or against Trustor or Borrower en action under any present or future federat,atete or other statute,
<br /> _.�...�p�.�� law or reguiaUon relating to bankrupicy,insolvency or other relief for debtora;or there shall be appointed any hustee,receiver or
<br /> —.�:�::r�� Ilq�idator of Trustor or Bonower or of all or any part of the Property,or the rents,lasues or proflta thereof,or Trustor or Borrower
<br /> ___.._-,_ _ _ shail mako any general asslgnment for the benefit of creditora;
<br /> —__� — (e�The sale,transiar, lease,asslgnment,conveyance or further encumbrance of atl or eny paR of or any interest in tt�e
<br />�_��',.°���� Prc�pedy.either vduntarily or involuntarily,without the express wdtten consent of Lender,provided that Trustor shall be permit-
<br /> �-�� ted to execute a lease o!the Property that doss not contain en optlon to purchnso and the term of v�hich daea not exceed one
<br /> � .��
<br /> - --- year,
<br /> - —'� (Q,�bandonment of tho Property;or
<br /> ���:��� (g)17 TNStor Is n�t an indtvidual,the 6ssuance,sale,transter,asslgnment,conveyence or encumbrance of more than(it a
<br /> . � -�� corporatlon)a total oi percen4 of Its Issued snd outstanding atock,or((f a partnership)a total of per-
<br /> :__���r�s ce�t of partnemhip interests,or(If a limited Ilability company)e total of percent of the Iimited Ilabiliry compa-
<br />—_ ',.,l�".;,��.�� ny interesta or voUng dghts during tho perlod thls Deed oi T�ust remafns a Ilan on tha property.
<br /> ---�" `�""� 12.RK»�d1es;Accaieration Upon DetauiL In the event of eny Even4 oi Default Lender may,withnut notico excopt ea required
<br /> - -���°'"4'_.'�
<br /> - �� by law,dectare ail Indebtedness secured hereby to be due and payabte anc3 9he sume ehail thereupon become due and payablo with-
<br /> ������ '' out eny presentment,demand,protest or rtotice of any kind.Thereafter Lender may:
<br />"�u;�;"�:,��:�`�: (a)Demand that Trustee exercise the POWER OF 3ALE granted herefn,and Trustee shall tt�ereafter oause TNStore inter-
<br /> -'� ._ ': est In tho Property►to be sold and the proceedu to be dlsMbu�ed,all in the manner provided in the Nebraska Trust Deeds Act; -:
<br /> ��'����"• •� '��' (b)Exercise any and all Nghta provtded tor In any of the Loan Instrumenta or by law upon occurtence of any Event o! �'�
<br /> - ' '' � Defauft;And '
<br /> - � � � (c)Cammonoa an actbn to tareclose thls Deed of Trust ao e mortgage,appo►nt a receiver,or spoclfically entorca eny o}the =_
<br /> �� covenante hereo}. -
<br /> - - Np rumedy heteln confetred upon or reserved to Tru�toe or Londer Is intended to be oxcluafve of any other remedy horetn,in the Loan �-
<br /> •.�. � Instruments or by law provided or permitted.but each shsll be curnulative,shall be In additlon to every other remedy yiven hereunder, �
<br /> � � in the Loan Instruments or now or hereaRer exlsUng at law or in eqully or by statute,and may be exercised concurrontly,independently �
<br /> • or succesevely. �
<br /> _�.,��___ t3_Trt�tse.The Tnistoe mav restan et any time wfthout causv,and Lender may at any tfmo und without cause appotnt a suc- L
<br /> � �` cessor or substitute Tn!stee.Trustee shall not be Ilable to sny party,(ncludfng wlthout Ilmitatlon Lenaer,Borrawer,Trustor or any pur• :
<br /> ' • . chaser of the Prop�arty,tor any loss or damage untess due to reckiess or wiilful misconduct,and shall not bo requlred to take any acUon :
<br /> In connectlon witi�the enforoement oi thls Deed ot Trust unloss indemNHed,In wdting,for ell coste,compensatlon or oxpenses which ;
<br /> - may be associated therewith.In addition,Trusteo may become a purchaser at eny sale of the Property(j�fctat or under the power ot
<br /> sctle granted hereln);postpone the sale ot all or any portion oi the Proporty, es provided by law;or seli the Property as a whote,or in
<br /> �� separate parcets or lote at Trustee's discretion. "
<br /> 14.Fees�nd�xpe�sss.In the event Truatee sells the Property by exer�clse ot power oi sate,Trustee shell bo enSUed to dppry -
<br /> � eny sale proceeds flrst to payment of ell costs and expenses of exerdsing power of e,ale,including eil Trustee's fees,and Lenders and :
<br /> � " TrusSea's ettamoy's fees, ectuatly Incurred to extent permittod by applfcable law.In the event Borrower or Trustor exerclsos any right Q
<br /> � provided by law to cure an Event oi Defautt,Lender ohall be entitled to rocover from TNStor ell costs And expenses actually incurred as �
<br /> a rosuit of Trustor'o default,Includlnp without Ilmftation all Truatee's end attomoy's tees,to tt�e extent permitted by applleable law. �
<br /> � 15.Fi�ture Advance�. Upon request of Borcawer,Lender may,at Its option,make additional and futuro advancea and rosd- E
<br /> vances to Horrower.Such advances and readvences,with interest Ihereon,shall be secured by thls Dead af Trust.At no timo shail tl�e -
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