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<br /> «. .� • �111@U��l�l�� ��.' <�. ' .` , i�,'.._ <
<br /> �'-^-c..,`- `Proceeds"3 In cQnnec�ion�nrith wndemmatlon or other taking ot tha Properry or paR thereof.or for conve � t _- `,.#,_' .__�.T-..
<br /> . ` lende�shaft be er�ed at Ets option to eommence.aDPe�in and prasecuta in its awn name atry acti�on or prooeed nS��ed s��� ;�.� .. '•� �'.::
<br /> � ' � De ent3�ed to make any oomprom i se or se t tl e m e n t i n o onnedion wi2h such taking or damage.In theatl sude pro�ceaQs. e ft e*d e d u c t€n g �':
<br /> � '� �: so taken nr dama9ed.l.ender sAall have the op�an in its sol�and absolute discreUan.W aQAly .:,ys` <<...� <:, :�� ..
<br /> therefrom aU oosts and oxpenses incurtad Dy ii in connectlon wiU�such Prooe�ds�aDcn any indebtedness se�amEd here�y and in saeh �>'° � ..,�r`,, .. :�� .
<br /> ` order'as LenQar mayr de t erm in e.o r t o a p D ry a l l s e u�P r o a a e d s.efter such deductions.to the restoration of 4he Rr°perty upon such mra r ,` V, •` �.
<br /> �1 dltions as Leader may datemdne.M y aPAAr.ation ot Praoestis to[ndebtedness shaQ not extend or pastpone t he Q u e d a t e o f a^Y P a l f'
<br /> ' ` ments under the Note.or cure any defauit thereunder or hareunder.Arry unaPP�ied tunds sha0 be paid W Trustor. � ,�
<br /> ,.�� . `. 8.P e A o m►a nce b y Lender.Upon the occurtenoe oi an E�rent L�ert def uc ay'r i t�s a o v m d i�t l o n,but ithout ob C g ation to�so, �`'°'`-
<br /> � � cammenced 4+Phtd�mateda�ry afteds Lenders intetest in the PropeRf►. obti tion,do an act whtch Trt�stor has agreed � .�� `�° `` "•
<br /> � -` r�"° and without notioe to or demand upon Trustor and w�thout reteasing T�r fmm arry 9a Y i'�'t,'..
<br /> . w._- .
<br /> ` ,—�-�-'Y but faifad to do an�!may atso do any other act it deems necessary ta Protect the securitY haereot.�r�s connection�e exer- :: .
<br /> :�.:` ` demand therefor by LenQer.Pay to Lender ali costs anA expsnses incuRed and sums expencla Y ,_-- `: ."`°: -
<br /> 'f� .�. : .
<br /> dse by lender of the foregoing rights.Wgether with interest thereon at the detault rate provlded in the Note.whtch shall be aQded to ;
<br /> 5 Ne indebteQnass se�aired hereby.Lender sha11 not incur any�ahiliry beeause of anything it may do or omit to do hereunder. f ;'
<br /> . � • g,H�aous ldatedats.Trustor shaU keep the P�Ae�f►an compliance wtth aU appficabte laws.ordinances and regulations �
<br /> Tn�stor shall keep - • +�-
<br /> � ' + ` rela8ng to industriai hygiene or environmental pcotection(ootlectivety referted to herein as'Ernironmentat Laws�• . . -
<br /> � ,,'.' ' ihe Propetty free from all substances deemed to be hazardous or toxic unQer any Emironmental Laws(coUsct�►ery Bfe�d t°hsrein --- -
<br /> �`' as'Harardous Matetials7•TrusLot hereby werrants and►eArese�ts��nder that Mere are nu Haxard°�s Materiats on or under the ` �`
<br /> Tnisior heneby agrees W indemait�r and hotd hartntess Lender,its diredors.officers.BmA�oYees enQ a8�•��succes� . _--
<br /> ProPertfl• -,� - ="
<br /> ':.` '� , sa�s to Lende�s inteaast.from and a�inst arry and ali daims.damages.losses and IiabiliGesTHE FOREGOING WARRANTiF.S AND .. -
<br /> ' use.disposai or transpoR oi any Hazardous Mate�ials on.under.from or ebout the Propert�►• . .- . ��; �v��-
<br /> REPRESENTA'flOi�tS,AND TRUS70R'S OBUGATtONS PURSUANT TO THE FOREGOING INDEMNITY. SHAIt SURVNE ;.:��_
<br /> • ,.-------::.
<br /> ' ` ' RECpM/EYMiCE OF t'HtS QEED OF TRUST. ��nder,and grants Lender a secudtY tr�Lerest�n•atl G�'Bn��re and
<br /> ' � 10.Assignmertt o9 Rsaffi.Trustnr hereby assigns � , __
<br /> ` 4 after arlsing rents,issues and profits ot the F7operty:ProvlQed fhat Tnistor shail,until the occurrence of an Event of Detaut4.hereunder. _-
<br /> � have the dght to cottect and retam such�ents,issues and profits as tRey become aue and payabte.Upon the oa,urtence ofi an Everst oi -
<br /> � • pefautt,Lender may,eiltter in pe�son or by agent,witt►or withaut bringing any action or proceeding,or by a receiver appoin t e d by a `'' __-
<br /> couri and without regard to the adequaaf►ut ifs secur�h►•enter upon and take possession of the Property.or any paR thereo�in its own :;:�.,;;.._� �
<br />� '� �_Y , ' ' :��
<br /> name or in ths name of the Trustee,and do an/acts whtch it deems necessary or destrabte to preserve the vatue.marketabA'dY°r ;� -0,,� �
<br /> �:•a��==
<br /> , rentaDiliry of the PraPerh►.or any of the Pro e r in u�ta o�tUnienvi ei coitect theBrenL�missues a P�tofits the ot.indudtng ose apast :..
<br /> .. with or without taking possession D n1l �4°�:
<br /> .�:.�", < •:-
<br /> n tenants to make paymenta to Lender.Lender may appiy rents.issues and profits.iess�and e�ens- •�:•.�"4 :
<br /> ,. : ...- . due and unpaid.by natiffyi 9 ._...� �r�--- �
<br /> y may �.-.�...��
<br /> '- ' Qs of operattfln and coifedton induding alWmeys fees.to anY indebtedness seeured he�ebY.ati in such order as L.enQer deter- . '`,�t: •:.. °�--
<br /> .�, mine.Tha entsdng upa�and taking possession of the Properry.the ocfledton oi such rents.issues and profifs.and the appficatian• ,��,i;.
<br /> • .=,�i;
<br /> thereof as aforesatd shaq not cure or waive any default or notice oi defauft hsreunAer or invalidats a►ry act done in 0�e�p�o� : ;��
<br /> �� ' default ar pursuant to sucb noUca oi defautt and, notwithstanding the con�nuance in possession of the property
<br /> _._...__.�.
<br /> . - receipt and applicaUon o1 rents.issues or proftts,Trustee and Lender shall be en�tted to exerdse every dght provided fos in amr a�f ihe ?;,�
<br /> . -- -- - Loan instruments or by ia�v uposi oca+crenoe ef anY Event of Defauit,tnduding wtthout limttation the dght W exerdse U�e p9wet of sale. ^ ._ =�-'
<br /> ' � Furfher,Lenders rights and remedies under this paragraDh shail6e cumuiative with,and in no way a iimitation oo.Ler�de�$d8ht�and � . i .�,P,r._
<br /> �-� �
<br /> remedies under any assignmerrt of�eases and rents recorded against the Property-Lender,Trustee anA the receiver shail ba itadte to c �.M`.
<br /> � .,••. •• acwi.^srt anty for those rents actua}ty reoetved.
<br /> ' 91.Evertts of Oetau1t The tollowing shalt constiwte an Event oi Defautt unBer this Oeed oT Ttust: �•;'-;R.�-°'
<br /> -- �-�� ��� .����� (a)Fa�usa to pay any instatiment of principal or interest or atry othet sum secured hereby when due; '. ,`�;;i;�-_
<br /> , ' . (b)A breacb ot or defauit under any provfsion conteined in the Nnte,thls Deed af Tn�st.any o1 the Loan Instrumenls,or any .:�.��::_
<br /> � • other lien or encumbrance upon the Property: . "�'�'"'��
<br />�k. . • . ' (c)A writ of executlon or attarfiment or any simiiar process sfiail be entered against TnisWr whtch shall hecome a lien on ' _ ,,,,��
<br /> . the p�operty or any poRion thereof or interest therein; �. ���
<br /> ,..,��_
<br /> � - (d)There shail be filed by or against Trustor or Borrower an adion under any pr�esent or fuWre federal,state or olhor shatute. ��_:_
<br /> ` - faw or regutation retating to bankruptay.insotven 8R°o1 the rPropertyror the rents,issues cr'Dr�afits t�ere or TNStor or�Ojrrower `,,`�
<br /> ' Iiquidator oi Tnistnr or Bortower or oi all or arry p • ,
<br /> shall make any general asstgnment for the benefit of aeditors; • ,� . ..:�=�
<br /> • � � • �� {e)The sale.transier, taase,assignmeni,conveyance or turther encumbrance of a0 or any part of or any interest in ihe '
<br /> PrapeRy,etther voluntarity or involuntarily,wlthout the express wr(tten cansent oi Lender,provided that Ttustor shall be pem'iit _ .�^j
<br /> ted W execufe a leass oi the PropeRy t4�at does not contain an opUon to purchase and U�e term of whict►does not exceed one . _.«�.,��_�
<br /> ' •1... •
<br /> :,�. r .. . :
<br /> �(�Abandonment of the ProPerty:cr � ..' ''�
<br /> � �_ (g)If Trustor is not an individuaf.the issuance,sa�e,bansfer,asslgnment�conveyance ar encumbrence oi mare U►an(A a
<br /> ' carporaUonj a total oi�_PB«nt oi its issued anQ outstanding stock,or pf a partnership)a Wtal of Pe�
<br /> .� � � cent oi DaRnersniD interests,or(if a limited liability company)a total ot peroent oi the limited liabllity oompa-
<br /> `t . .
<br /> � ;;. ny interests or voUng dghts during the pedod this Deed of Trust remains a tlen on the property.
<br /> ., • 12.Reme67es:Acceieratlon Upon Oetautl.In the event oi any Event ot Defautt Lender may,without notice except as required
<br /> b y I a w,d e d a re a i l i n d e b t e d n e 3 s secured hereby to be due and payabte and the same shall thereupon become due and payabte with-
<br /> ' out any presentrnent,demand,protest or notice oi any kind.Therea fter Len der m ay r. .
<br />_ � • • (a)Demand that Tru�e nd e�raceeds toRbe dlsb�b ed.all n the manner prov ded hn ithe Nehraska Trust D�e ds Ad;r ; .
<br /> est in the Propedy to be so p t
<br /> , (b)Exercise eny and all rights provl4ed for in any oi the Loan Instruments or by taw upon occurrence of erry Evant of
<br /> . petaufh and �
<br /> � (c)Commence an acUon to toreclose this Oeed o1 Trust as a mortgage,appolnt a recelver,or spedflcatly enforce ar�y�otthe . ,
<br />•,.�• t� covenants hereot
<br /> � ;� ; 1Vo remedy herein canfeRed upon or reserved to Trustae or Lender is intended to be exclusive oi atry other remedy hereenihereunder. •
<br /> ' instruments or by faw provideA or permitted,but each shall be cumulaUve,shail be in addidon to every other remedy g ,y
<br /> in the Loan InstrumenEs or now or hereafter existing allavi or ic�equity or by statute,and may be exerclsed concurrentty,independently
<br /> � ' or suCCeslvely. otnt a suc- � •
<br /> � 13.Ttustee•The Trustee may resign at any Ume without cause.and Lender may at any Ume and without cause apa
<br /> ' cessor or subsNtute Trustee.Trustee shall not be liable tn any party,inctuding without timitaUon Lender,Botrower,Trustor or any pur-
<br /> ,!' � chaser ot the Property.tor any toss or damage untess due co recktess or wiliful misconduct.and shaii not Oe reqWred to teke any acUon
<br /> in oonnectlon with the entorcement oi this Deed oT Trust unless indemnifled,in wriUng,tor bil casts.�m�dic a or under the power of � �
<br /> t:_.. may be associated therewith.tn addiUon,Trustee may become a purchaser at any saie o}tha Property(j •
<br /> . safe granted herein);postpone the sale ot all or any poRion ot the PropeRy,as provlded by law;or sell the PropeAy as a whole,or in
<br /> • separate parcels or tots at Trustee's discreUon.
<br /> 14.Faes aad Expensea.In the event Trustee selis the Property by exercise o1 powar of sa{e,Trustee shall be entitled to appty
<br /> . any saie proceeds first ts pae.tuall t in u'n ds o extent pemi tted by appt cablewaw�ln the eve�nt Borro er�oT rusto exercises anygright ,
<br /> ' . • Trustee's attomeys fee . Y
<br /> �-• � provided by law to cure an Event ot Detautt.Lender shatl be entiUed ro recover from Trustor atl costs and expenses actuallbyB18�ed as _
<br /> • ' ' � a result of Trustors default,inctuding without Iimi4aUon all Trustee's and attomeys tees,to the extent permitted by app
<br /> '�� "• t5.Futuro L'.dv�ncsg• VAon request ot Borrower.Lender may,at its option,make additional anA future advances and read-
<br /> � � vances to Borrower.Such advances and readvances,with interest thereon.shall be secured by tiii5 Deed at Tru�•!�!no tlme sha0 the -_; :- - _
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