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<br /> ' � r, '�, -; �� �roceeds7 in aonnectIon with condemnaUon or other taking of the l�apecly ar part thereof,or for conveyance in lleu of oondemnatlon. .'�, °�°`� �`
<br /> ' - Lender shali be e�ed at ifs optlon W oommence.apPear in anct prosecufla!n Rs awn name any adion or praceedings.ana sha11 etso �, ```; �
<br /> - — be entitl�tn make any compmmise or seWement in wnnec�on w ri t t�s u c h E a k i ng a d a m a3 e.I n t h e e v a r�t a n y p n r tl o n o f t h e P ro D�h� _': � '�..
<br /> � . - so ta[cen or dama8e0.Lendea shaH t�ave t�e option in its sote and sbsolute�isaaUos�.ta aPP►Y ali such proceeds. after dedudtng ..•�.,�r.�.:.•.;�:_r..
<br />_ `'' therefrom all oos�and expenses inp�r��by it in connecdon witl�such Prooeeds,upon any indebtedness secured hereby and N sufi �.r:. `,fi • •
<br /> ' f `. , `:s�` order�LenQer may detsrtnine.or to apA�Y�1 such Proceeds.after such Qeduetions.W the restor�fiAn oi the Proyerty uyon such con- - _....
<br /> ` . � dit€ons es Lender may detemiine.My applicaticn of Proceeds W�Mebtedness shal not e�dend or postpone the due date of arry pay- � . ,
<br /> ' � � • ments undc3r the tVo4e,or cure any Qefautt tl�ereus►der or hereunder.My unappfied funds shaU be pa[d tn Trustor. � ' ..'
<br />' � ' g,per[omiants by Lender.Upon the occucrence oi an Event ot Oefault hereunder.or if any act es tatcen or[egal p r o c e e d ing � . `
<br /> `" t .° `� � .'`�`. commenoed which maLeriaIIy afre�s Lendets Interest tn the Property.Lender may In its own disaetion.but wEthout obligatl�io do so. • . �
<br /> �� `�..:�.f.'.` and without notice to or demand upon Trustor and without refeasing Trustor from arry ob6gaUon.do any act whtch Tnisior has agreed .. `:.,•�:2�:.�;
<br /> ' ;., _.� . but fatled to do and may aiso da any other aat it desma necessary to protect the security Aereof.Tn�stor sha11.immediately upon
<br /> - , ���,-���^.�< . dernand therefor by lender,pay to Lender all costs and exRenses incumed and sums expended by Lender in oonnectian wit9�the exer-
<br /> ...- - c,•��= dse by L6tldef Of fhs fOtegOi[ig(�ghls.fa9ethet wNt+iisterest tltereon at the ttsfault rate provlded in the Mote.whIch shaU be added to _ __ _._
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<br /> - the indebtedness secured hereby.Lender shai!�ot incut any liabiliry becauss of anything it may do or omit to do hereunder. Y• �,
<br /> � �. 8. Hamrdous Matetia�-Trustor shall keep the Propsrty In oomp l i anee w i tl i a l l a p P l i c a b t e l a w s. o M i n a n c e s a n d r e g u l ations _ ,
<br /> - ��� relating bo industrial hygiene or environmental protection(cotledivefy referted ta herein as"EnviranmeMal Laws7.TtwGor stiail keeP °` •;�
<br /> ' the Property free from atl suhstar�ces deemed to be harardous or Wxic under any Envirinnmental Laws(co[lectivety referred to herein .
<br /> • -, . <,�.-� as'Har$rdous Materials�.TnrsWr hereby warrants and represonts to Lender that there are no Hazasdous Materfafs on or under fhe ,
<br /> `. ., -., Properry.Trustor hereby agrees to tndemnity and hoid harmtess Lender.its diredors.officers,empbyees and aBenLs.and any su� ,
<br /> • •• . •'F� . sors to i.enders interest,fiam and agatnst any and alt clalms.damages.losses and Iiabilities aris[ng in connecrion with the presence, f '_- _-
<br /> . � - � ; use,�sposal ar transpoR of any H�rdous Materiats on,us�der,from or about tAe PropeRy.THE FOREGOIPtG WARRAS�ITiES!WD s:__ _
<br />_ " REPRESENYAT[ONS.ANO TRUSTOR'S OBLIGATIONS PURSUANT TO THE FOREGOING IND�MNITY,SIiALL 5l1RVIVE � �''_'�_�_ ` '
<br /> • '� RECONVEYANCE�OF THIS DEED OF 1RUST. � =R=_.
<br /> `. t ' � . - :�'�_ .r 1p_Asstgnmeat ot Rent9.Trust�r hereby assigns to Ler�der.a�gtanfs Lender a security interest in.a(I present,ftthire and
<br /> v , � �` after arising renb,issuaa end profits of the Property.provided that Trustor shafl,un�l the occurrenoe of an Event af Defautl,hereunder.
<br /> have the t#ght to oottect and retain such renls.issues and prafds as they became due and payabte.Upon the occurtencs of an Event ot
<br /> , qefauit Lender may.either in person or by agent,with or without bringing any ac�ian or praceeding,or by a receiver appointed by a ,., �,,c
<br /> � ; ,: y �. court and witt�out regaN to the adequacy of its secudty,enter upon and tatce possessian af ths Property,or amr part thereuf.in�s oum • ;--
<br />• . . ."`�.�""�` '• name or in tha name of the 7rustea,and du any acts which it deems neoessary or desirabte to preserve thB valae.ma�iCetabTily or ._�••�,�``=�
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<br /> 4 �` � ��. � : rerttabifsty of the Property,or any part thereof or interest therein,or to inaease thz income therefrom or pmtect the secutity hereotand. As�rF>=-
<br />- ', -�� w(th orwfthout taking possession of the Property,sue for or otherwise coltsct the rents.issues and p�ts thereof,inctuding those past � ���°—
<br /> � • . 'due and unpatd,by aotifying tenants to make payments to Lender.Lender may apply�ents,issues and profits,fess casts and expens- �: l��*�y�
<br /> {} ,, es ot operatlon and cutlecflon induding attomeys fees,to any indebtedness secured hereby,aIl in such order as Lender may deter- ..-��:
<br /> � �� � �� mine.The erR�ing Won and lakin9 possession of the Propeirty,the collectton of sucR recu�.issues and pmfits.and ths appltcatian ��t��.-.
<br /> , thereof as aforesaid shall not cure or waive any defautt or notice of defauft hereunder or imaiidate any act dotte in response to such -:,'?_u� _
<br /> � • � • default or pu�suant to such notice ot default and,nolw3thstanding the continuance in possession of the property or the oo(tedion. _•:��.
<br /> � '�� � reoeipt and applicatlon ot rents,issues ar pmfits,Trustee and lender shall be entiUed to exerclse every dght�rovtCed for in any of the `,.��.�,�
<br /> ' � � Loa�t�-�.iments or by law upon oa;urtence of any Event oi Defauit,tnduding without Iimitation the�f�ht to exerc,ise the pcwer of sale. ___
<br /> - ' FuRher,�L�nders rfghts and remedies under this paragrapb shall be cumutative with.and in no way a ltmitaUon on.Lender s rigP�b and --
<br /> , , �'. • • - remedies unQer any assignment of teases and renffi recorded against the Pcfl�Ry.Lender,Trustea an d t he re c e i v e r s h a i i�e l i a b l a t o �;."-'�'
<br /> :' ' , • � account onty far thosa�nis actual(y reoeived. � •"� �•�.-��
<br /> � � � . '.,, . 11.Everns of�Ptauit The iollowing shaU constlwte an Even!of Oafautt under this Deed of Trusk '" _ , :_,�,�`�:
<br /> . . • • � (a)Faifute to pay any instaltment of principal or interest or any other sum secured hareby when due; ;;.°•�,T
<br /> - � •' ` (b)A breach of or defautt under arry provfsion contained ln the Note,this Deed of Tnut,any of the Loan InsW�anis.or arry ,, .__
<br /> other lien or encumbrance upon the Property: - =°
<br /> (c)A writ oi execuUon or attachment or anyr similar prooess shall be entered against Trostor which shall beoome a lien on ,_�.,�;.
<br /> �; � the PtopeRy ar any poRlon thereo!or interest therein; "•p
<br /> . (d)There shalt be fited by or against Trustor or BoROwer an action under arry present or future federal.state or other statute, `�!"s_
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<br /> . � � law or regutaUon ralating to bankruptcy.insotvancy or other relief for debtora;arthere shai!ba appointed any trustee.recetver or —
<br /> • . � '�� IiquidaWr of Trustor or Borrower or of atl or any paR af the Property.or ths rents,issuas or pcofits thereot.or Trustor or Barrower. � _�°-_
<br /> � . . . � shall make any general assignmer,t for the benefit oi creditors; ° �,-�"=
<br /> •• ' ' ••� .� (e)The sz.`s,trensfer,lease,assignmeM.conveyance or tuMer encumbrance ot ail or any paR ot or any in:�rest in the M^°
<br /> Property,eRt:�r��tuntarity or inwtuntarity,without the express written consent of Lender,provlded Nat TNStor shafl be pertnit- "��7= �'
<br /> i:� � - �� " ted to execute a Tease oi tha ProAerry that does not contain an option to purchase end the term of whlch Qoes not exceed one �' '--=^
<br /> ,,
<br /> �� , t�' S/88r ,_
<br /> � (�Abandonment oithe Propedy;or ,<..-:��-; -_;__
<br /> � (g)Ii Trustor is not an individuat,the issuance,sate,transfer,assignment,wnveyance or encumbran�of��than(if a
<br /> � � corporatlan)a total of percent oi its issued and outstanding stock,or pt a partnership)a total oi per- �
<br /> ; �� - - � � .. cent oi partnership interests,or(it a Umited liab(lity company)a total 01 percent of the tlmited Uabifity compa- '
<br /> • . •• ny interests or voUng dghts dudng the pedad this Oeed of Trust remains a Ilen on the property. �
<br /> � �� � 12.Remedtes;Aeceteratlon Upon Detauft In the event oi any Evant ot Oefault Lender may.without noUce exoe�as requlred . .
<br /> � � � '� by law,deGare ail indebtedness secureQ hereby to be due and payabie and the same shail thereupon become due anQ Gayable with- ;.;,•�
<br /> � ' � . out any pcesentrnent,demand,protest or noUce oi any kind.Thereafter Lender may: • .
<br /> � � (a)Demand that Truatee exercise the POWER OF SALE granted herein,and Trustee shall thereafter cause TnutoPs inter- . ,.. .
<br /> � ' ' est in the PropeRy to be sold and ths proceeda to be distribute0,ail In the maanar provided in the Nebraska Trust Deeds Ac�
<br /> (b) Facercise any and ail rlghts provided tor in any of the Loan Instruments or by taw upon occunence of any Event oi .
<br /> _ ' ' . Oetaut�and � .
<br /> � . (c)Commence an actlon to foreclose this Deed ot Tnut as a mortgage,appoint a recelver,or speciAqity enforce any of the • �
<br /> _ � , _ covenants hereof. , .
<br /> ' No�emedy herein conferred upon ur reserved to Trustee or Lender is intended to be exGuslve ot any other remedy herein,in the Loan , ` .'
<br />- • : ' � � Instruments or by law provlded or permitte0,but earfi shatl bo amutative,sha11 be In addiUon to every other remedy given hereanQer.
<br /> . in the Loan Instruments or now or hereaftet existing at taw or in equity or by statute,and may be exercised ooncuRentty,independentty
<br /> � . or succesivety.
<br /> 13.Trustoo.The Trustee may resign at any time wlthout cause,and Lender may at any time and wlthout cause appoint a su�
<br /> � cessor or substitute Trustee.Trustee shall not be Oabte to eny party,inGudfng wlthoul IlmitaUon Lender,Borrower.Ttustor or any pur-
<br /> . . chaser oi the Property,for any loss or damage unloss due to recktess or w11Hul misconduct,and shaN not be requlred to take any action .
<br /> � in connection with Uie entorcement oi this Deed ot Trust untess indemnifled,in writing,tor all costs,compensaUon or expenses which • •
<br /> •� may be associated therewith.In addition,Trustee may become a purchaser at any sale ot the Property�ud�Cia1 or urtder the power o1 �
<br /> � : sale granted herein):postpone the sate of all or any portion of the Properry,as provided by taw:or sell the Properry as a whole,or in
<br /> � , . separate parcels or lots at Trustee's discreUon. •. . . �
<br /> - ' 14.Feea and Exponssa.in the event Trustee sells the PropeRy by exercise ot power of sate,Trustee shali he entitted to appty .
<br /> ; ' any safe proceeds flrst to payment ot atl casts and expenses oi exercising power oi sate,inctuding all Trustee's tees,and Lender's artd �
<br /> `� �� � Trustee's attomey's fees, actually Incu►red to extent permitted by applicabie law.In the event Borrower or Trustor exercises any right
<br /> � pravided by taw to cure an Event ot DetaulG Lender shall6e entiUed M recover irom Trustor all costs and expenses actualty incurred as
<br /> � a resut!ot Trustors detauit,inctuding without 1lmltation ail Trustee's and a8omeys tees,to the extent permitted by appllcab2e law.
<br /> -� "; , l 15. Future Qdvaneas. Upon request of Borrower,Lender may,at its�ptlon,maka additlona{and fatute advances artd reaQ- - - .
<br /> J vances to Bonovrer.Such advances a�d readvances,with interest thereon.shall ba secured by this Desd oi Trust.At no time shall the
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