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<br /> � RE•R�CORDEI� �—�O�4fa . , • , _ . ; rr:�;�
<br /> 7.@minin4 Qomaln.Landar is heroby oselflneA otl componeotian,oworde, damapos and ather puymonte or rellof Ihorolnoftor"Procoed9"1'' r• ��
<br /> In connectlon with�ondomnatlon ar othar toklnp oi tho Proporty or pnrt theraot,or for convowunco in Ilou ot condomnatlon.Londar uhcll .
<br /> tokan or dnmcpcd,Lcndor ohcll havo tho optfon In�to aolo ond cbaoluto dl�crotion,to oNply ali auch Procoado,nicor deductlnp thorofrom ,
<br /> � oll caate and expnnaoe Incuerod by It In connoctlon v�ith sucF�Procacdo, upon ony Indobtednoae oocurad horoby ond In ouch ordor o�
<br /> Lender msy determine,or to apply ell euch F'roceade,after such doducttone,co the rootoratlon of tho P►oporty upon euch c�nditlonn os ,
<br /> Lender may determine.Any applicatlon of P�oceade ta lndebtednose ehell not oxtend or poatpone tha dua dam of eny peymante under , , ,
<br /> tho Note,or cura nny de}auit thereunder or hereundar.Any un�ppllod tunds ehall ba pald to Truator.
<br /> 8.P�rtorm�rtc� by L�nd�r. Upon the occurrence of en Event of Oafault heraundar, or if ony oc; Is taken or lepal procoedinp
<br /> commonc�d which meterlat{y effecte Lender'e Intereet In the Propeny,Lender mey In Ita own discretlon,but without obligetlon to do eo,
<br /> and witliouc notico to or domcnd upon Yn�ator and wl[hout releas{ng Truetor from any oblipntlon,do nny oct whlch Truntor hos apreed
<br /> 6ut}alle to do end mey alao do eny oth�t ect it deem�nocesaery to protect the eecurity hereof.'1'ruetor ahatl,immedlately upon demcnd ,
<br /> theretor by Lender, pey to Lender ail coete end expensea Incurred ar.d sums expended by Lender In cannection wlth the exerctne by
<br /> Lendor of the f��epolnfl righte, tagether wfth Intere�t thereon et the defeutt reto provtdetl m ti�e�Nate, �ich si�ntt f,n oddsd ta tho
<br /> inddbtednea�eecured hereby.Lender shall not Incur eny Iiebllity because of enything It may do or omit to do hsnundar.
<br /> � 8.Huatdout M�t�rir�.Trustor ehall keep tha Property i�compliance wi4h ell appttcabte lawe,ordinances end repulatlone relating to
<br /> " " �� induatrlel hygione or envlronmentel protnctian(collecttvely referred to he�ain aa"Fnv(runmontal lewa"1.Truator ehell keep the Property
<br /> � lree fram all nubatences deemed to bo hazardoue or toxic under eny Environmental Lewa lcollectively referred to herein aa "Haterdous
<br /> Materiei�").Trustar hereby warrante end represents to Lender that tharo ere no Hazardous Matorlol on or und@r the PropeRy. Truator ; .
<br /> � hereby eg�ees to Indemnffy and hotd harmless Lend�r, fta directore,offtcers,employees and agente, end eny succea�ors to Lender'o A. �
<br /> Interest,trom end egeinet eny end all clalms,damages,losses and Iiatrilitles erising in connection with the prosence, uae,d(apoa�al or . �.:
<br /> transport of eny Hazardoua Mntoriats an,under,from or about the Prope►tY•'f'HE FORFQOINa WARHANTIES ANO REPRESENTA7fOhS, , s'^s�'rr,
<br /> AND TRUS'fOR'5 OBUGA'�NNS PURSUANS TO 7HE FOtt�G01Nt'i INdE�SdtilY. �HFLL SURVNE F$COPiVeVARiCE OF THiS DEED OF ,"'_i�-".�--
<br /> �j TRUST. ��-�-- __
<br /> " } 10.As�ipnm�nt of R�nt�.Trustor hereby asslgns to Lqnder, end grents Lendar a aecurity interest in, all present,futuro and after � ,�_=_
<br /> rising rents,Issues end profite of tha Propeny: provided that Trustar shell,until the occurrence ot en Event of Deteult hereundor,have •�:��:_.
<br /> " the right to coltect end retain such rents, issuos and profite es they beco�.ie due and payablo. Upon the occurrence of en Event of ',;�: ._- __—__
<br /> � Dotault.Lender may, either in person or by agent,with or without bringhig eny ection or proceeding,or by e rece►ver eppolnted by a • ,y
<br /> court nnd without regard to the adequacy of Its security, enter upon and take possess'.on of the Roperty,or eny part thereof,in ite own ,
<br /> � neme or In the namo of the Trustee,end do any ecta which It deems necessnry or dosUable to preser�e the value, merketabi�ityr or ; :.� �
<br /> rantabflity oi Yhe Property,or eny peR theroof or interest thereln,ar to Increase the Income theretrom or protect the seeurity heroof and, ,;;�+�•_v-�
<br /> with or without taking ponseasion of tho P►opnrty,sue far or otherwise co�ect the rents,issuea and profite theraof,Inciuding those pest .,:;r�:- _
<br />-. ../} 3 due and unpaid,by notffying tanante to make poymenta to Q.vnAer. Londer mey epply�onca,issues end pro4ke,leae coata end expenses �`.L:.�
<br /> iQ� of operation and colloction including attorneys'fees,to any indabtedness securod hereby,011 in such order as Lender�rzay determine.The
<br /> entering upon end taking possession of the Property, the colloctton of auch rente, issu�s nnd profite, and the ap�Si�atlon thereof es
<br /> eforesaid, shall not cure or we(ve any defeult or notice of defuuk hareundar or Invalidate nny act done in response to such dnfeult or '^�,�=
<br /> �• purauent to such nottce of defauit and, notwithatending the continuance in possession of the Pro�ertl7 or the collection, recetpt end
<br /> } eppl(catton ot rente. (ssuea or profite, Truetee and Lender shali be en4itled to exerctse every right pr�vtded for In eny of the Loen
<br /> .� Inatrumen4s or by law upon oaounence of eny Evont of Dofault,Including without Iimttation the rlght to exercise the power ot eate.
<br /> -- --- rurtnar,i.endor'u riai�io s�w rarad�os Lsd�:tkts pw•�3'_�h 9An11 be cumulativ8 With, end in oo way a Ilmitatlon on,Lende►'s rlghte end
<br /> _, the recefver ehatl be tlabta to
<br /> •• ed einst the Praparty. Lender,T�uatee and
<br /> ord
<br /> , ,� remedies under any esalgnment of loases and rente rec eg .
<br /> : eccount only for thoss rente actualiy received.
<br /> • ' 11.Evsnta�oi Defwk.The follow(ng st�aA constitute en Event of Dofauie under this Deed of TrusY:
<br /> (o)Failure to pay any Instaliment of principal or fntorest of any other:vum secured hereby when duo; } •
<br /> Ib)A breach of or default under any provision contained tn the Note,this Doed of Trust,any of the Loan Inst�umonts,or eny
<br />- other Ilen or enCUmbranca upon the PropertY:
<br /> (a)A writ of execution or ettechment or any similar process shall be entered a�alnst Truetor which shail bacoma o Ilen on tho
<br /> � • Property or eny portion thereoP or inte�est therein: -
<br /> �� �_�`' �" td)There sAall be�fihd by or�egainM Trustor or Bortowet an eCtion undar any piesent or future federei,state or other etetue,Ia�+r i�.
<br /> � or reguletion releting to bankruptcy, insotvency or other relief for debtore;or thore ahell be eppolnted eny trusteo, receiver or
<br /> Ilquldetor ot Trustor or Borrower or of all or any part of the Property,or the rente,Fssuea or profits rhereof,or Truator or Bortower
<br /> � shell meke any generel assignment for the benefit of creditora;
<br />- , (e)The sale.trensfer,lease,assignment,conveyance or further encumbrance of eIi or any part of or eny interest tn the Roperty, ���
<br /> ' aither volunteflty or tnvolunterily,without the exp►oss written consent of Lender;provided thet Trustor ahaii bo pormftted to execute �Y,.�
<br /> - � "� e leese ot the Property thet does not contein en option to purchese and 4he term of whiah doos not axceed one yesr;
<br />_"- '•�,� . � . tf) Abendonment ot the Property;or .
<br />_'w. �.. "` (g)I} Trustor is n�t en Indfviduel,the tssuance, sale,transfer,assignment, convey+�nce u►encumbrance of more than (tf e _
<br /> corporetionl e totel of percant of Ite iasued artd outstending sto�k,or(H a partnership)e total of percent ot
<br /> _• gart�ership interests,or a mhed ifability compenyl e ta4ai of x�A percent 07 the limited Itubll(ty company ntereste or voting
<br /> vighte durfng the pariod thia Doed of Trus:remaine a Ilen on 9he Property.
<br /> - 12.R�m�dia;AeaNr�tlon Upon O�teuR.In thb event ot eny Event oi Dofnutt lender may,wkhout notico oxcept aa requtted by law, �—
<br /> ' ' dectare alt Indebtedness secured hereby to ba due end payabto and the seme sheil thoreupon become due and paya4te without any
<br /> presentment,demand,protest or notice of Any kfnd:Thereaftor Lendar mey:
<br />�` -~�„�t _ rt (a)Demand thet Truatee exercise the POWER OF SALE granted hercin, end Trustee shalt thereaiter cause Trustore tnterast
<br /> �;+�-'r�1* •�r,: In the Proparty to ba sold end the proceedn to be dlstributed,ell In the mennar providad in tho Nebreska Truat Deeds A�K: __ _— _
<br />��- i �,K-.... ____ " "
<br /> .., . .. (b)Exercise eny an d a l l r ip hto prov i de d fo r i n a n y o f t h s L o a n I n s t►u m ente or b y lew upon occunence of any Event of _-
<br /> "'�" Dafault;ond ----�
<br />- ' �+- ,' � tc)Cammence en action to forectoee this Deed of Trust es �mortgege, eppoint a �ecelver,or epedfically entorce any of tho � —_ _____
<br /> � covenents hereof. � � ���u
<br /> . � No �emedy herein eonfeRed upon or�eserved to Tr�st9e or lendor Is intended to be exctusive ot any other remody herein, In tho Loen �"=
<br /> Instrume�te or by law provlcle�A or pe►mttted,but oach¢ha116e cumulative, shall bo In eddition to overy other remedyr piven hereunder,In -�-�=�y�-
<br /> � the Loan Instrumente or now or hereafter existi�g at taw o�tn equlty or by stetute,end moy bo exerclsed concurtentty,fndependentiy or -
<br /> sucaessively. ^ " �"�`
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<br /> ` 13.TrustN.ThA Truatee may resign at any time w►thout cause,and Lendnr may et eny time end without cause eppoint p euccossor j�� ��,
<br /> i tt=us�;�,;�-�:_'
<br /> " • � or substituto Tnistoo.Ttustao chalt not��I�eble to eny�nity,incluJing�viahout innhation Lnr►de�,Borrowar,Truotor or any purchaser of ,y F_r�• .
<br /> the Roperty, for eny loss or damago uniess due to rockloss or wflltul misconduct, and shali not bo required to take any aotion in � ?-}_„�,�+��??�'`•
<br /> S ^,..r.,..._;....
<br /> � connection with thn anforcament of thie Dood of Trust unless tndemnified, in wrkinp,for all coste,compansetion or oxponses whfch may _;,;,�;.r,,_._._
<br /> � be essociated thorewith. In addltlon,Trustee may bacome a purcheser at any solo of the Proporty (Judtclal o� under the power o4 seie y,--,�.,,;,:�.�.'
<br /> pranted hereinl;postpone the sale ot ell or eny portlon of the Property, a�provtded by law;or soll tho Property os a whote,or in csepareta ' t;'� '•'-�'-�
<br /> � . ._ar::._�.
<br /> � � parcela or lots et Trustee's discrotlon. � "
<br /> - -- - ---- .. � .. __..._.______ ._.�__._...r.....�.v���tie[a.�nnrw hv oYarc:tsn nf nowot o}&nl�l.Trusto0 Shell b0 efltitled t0 9pply 8I1y 0818
<br /> .._ ___�__._. .__..-.. - I9.f7fi tW GII�I�l�ifi.tt�u�o o�v��• •rw�....��..�...�..��._._�_. -. . .
<br /> � proceed3 ffret to payment of atl coste and oxpenses o}exercising po�var of eulo,Includinp nIi Trustes's feas,and Londor's end Truateo's "
<br /> ^ nttornoy'o foos,ectualiy incarred to oMOnt parmittod by eppllceble lew.In tho ovent Borcower or Tntstor exorcises any right providod by
<br /> • laev to cure en Evont of De}ault,Lender shsll he entiticd to rucover from Trustor all coste and exponsos ectualfy Incurred as a result of .
<br /> Trustor'e defeult,inctuding without Iimitotlon oll Yrustoo's end ettorney's faos,to the oxtent permitted by oppifcablo law.
<br /> � 16. Futur�Advartces.Upan raquest of Borrower,Lender may,nt ite option,mako additionol nnd tuture advences und ruadvencos to ,
<br /> Borrower.Such advoncea and rendvances,wiih Intarost thoreon,shall be aCCUrod by thfs Dood ot Trust. At no t(ma shall the principal „
<br /> emaunt �i the indebxodness socured by thls Oeed of Trust.not Incfuding aums edvanced to protoct tho accurity of this Daod of Truat,
<br /> oxcned the oHginol principal emount stetesd herein,or @ S �.o�e.oo __^_. �'hichovor is proater. „
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