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<br /> � . ;; �" �{7.Eminairt Domain.�ender Ls hereby essigned eli compensadon,owards.�dazna8 0+Qa�rtveyanCe��u of'condemnat�iotn.Le�darh all . . ' �
<br /> � -_- h,- in connecdon with wndemnation or otfier taking of the PwpertY P '`" _
<br /> : t ..< ' en or dameSed.Ls�der sh�l have the optton irt its sols�nd ebsotute d�.uetioa,ta aAD�N e�f��°�'��deducting theretrcm _ _
<br /> � . • �cpsts and e�tpeases ineuRed Dy it in connection with Sueh P�oceeds•upon any indebiedness secured hereby and in suct�order as � �.;..r�`-
<br /> y ..LenGet may determine,or to appty aU sud►Roceeds.aite:sud�Eedu�tlons.to the restoration of tha Property upon such conditions as . `:
<br /> �r � � �0'� der ma y Qetermine-Any applieatEOn of Proeeeds to indebtedness shaU not extend or postpone the due dats o!any paYments uedar ' .
<br /> �,'r• �a N o t e,a r c u re en y dsfauk tt►eteunder or hereun de r.M y u n a p p U e d t u n d s s l i a i i b a p a t d t o Trustor. , . . , ,' `,�
<br />_ ' � B. Per[om�ance bY lender.Upon the occufrance o f en Ev a M o f D e f a W t h ar e u n d s r, o r i!e n y a c t is taken or tegal proeee d'mg V _
<br /> , wcommeneed which msterially atiects I.ender's interest in the ProAertN.�der may in its own discretiort,but without obGgation to do so, i�' 4
<br /> and without notice to or demand upon Trustor and without reteasi�9 Tcustor tcam any obtigation,do any act which Trustot hus 8greed v K.'
<br /> � �ut faits to do and may e►solender ail costs and e�cPenses�eurredt�and sums e�endedh6y Lender inrconnecti n vv�hlthe exercise by � . ; <'�
<br /> � ' � ' iherefor by Lender.Pal/to ,
<br /> � Lender of the foregoirtg rights.tagether with intecest thereon at the detault rate provided in the Note,which shali 6e added to the f .
<br /> + f� indehtedne�ser�ued hereGy.Lender steail not incur any IiabiGty because of enYthing it mayt do or omit to do hereunder.
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<br /> �_ ' ��; .�:. ; � 8.Hasesdous Mate�.Trustor sfiall keep the Praperty in ccmpiiance wtth ai{aDph�a��•ordinances and regutations�elaUng to `
<br /> ,� inEustriaf fiygisne or en�ironmentai proteetion ico��eetivetY referced to herein as'Environmental Laws'1.Trustor shall keep the Property
<br /> f�ee from a0 substances deemed to be hazardous ar toxic under any Environmental Laws(col�ecu�eh►refemed to herein as'Flazardous . .
<br /> ' � • Materiats'1.Trustor hereby warraats and�ePresents to Lender that there are no Htazared�o�d agents,a�a anv s c�cessorse o��ena�s � , `-�'��
<br /> � . hereby agrees to indemnify and hotd harmiess Lender, it�direccors,otticers. emp Y - -
<br /> . inte�est,irom end against any�d all daims.damages.losses end IiabiliUes aristng in connection with the presence, use,dispasat or • ,A :
<br /> ` `1 trangport of any Hazardou8 Materials on.under,fcom ar abaut the Property.THE FORE�OING WARRAN'f�ES Al�i�AEPRESEN'fATIdNS, . �,•.yY
<br /> - ' � ' A N D T R U S T U R'S OBLIGATiONS PUEiSl1RNT T�T�'�E EORK''OIN6 ttVD91ANITY,SHALL SURVIVE REC�NVEYM[CE OF TH1S DEED OF -_ _
<br /> , . TRUSL � .
<br /> 70.Assignment of Re�e.l'rustar hereby assigns to lender,and grants Lender a securitY interest in,all present,future and atter � ��
<br /> . riy9ng rents,issues and profits of the PropertY:pcovided that Trustor sh211.untii the occurrence of en Event of Defautt hereunder,hava . ji ' :
<br /> the rfght to coltect and retatn such rents,issues and profrts as theY become due and payabte.Upon the occurrence ef an Evem of Y�h-_
<br /> � " Dofauk,Lender may, either in person or by agent,wfth ot without bdnging anY action or proceeding,or by a receiver appolnted by a ,. .
<br /> � couR and wfthout regard to the adequacy of its security enter upon and take possession of the ProperN,or any part thereof,in as own
<br /> : '�::' nsme ar in the aame of tha 7rustee,end do anY acts whtch it deems necessary nr desirabte to ptesenra the vatue, mazketabiCrty or . -_-_-
<br /> recttahTity of the Property,ar any part thereof or interest therein,or to increase the incame therefrom or pTOteet the security hereof and, �`
<br /> � w i t h o r wRhaut taltin 9 Dossession of the PropertY,sue for or otherwise wltect the re�rte.+ssues and proftts thereof,inciu6ing those past _ ✓ �_
<br /> dus and unpaid,by notitying tenants to make paymert�to Lender. Lender may app t Y ren t s.i s s u e s a n d p rofits.Tess costs and expensaa ; y: ,,-
<br /> o}aperatton and caitection including attameys'fees,to any indebtedness secured hereby,aI1 in such order as I.ender maY deiertnlne.Ths S■7s�r��
<br /> ' entering upon and taking possession of the Properry, t he co l te c t i o n o f s u c t�r e n t s,i s s ues and proRts,and the appiicat(on thereaf se �. E,-�- ,=
<br />_ . . _ ...�a.��
<br /> � atoresaid,sfiail not eure or waive any detauft or notice of defauft 1►areunder tlr invalidats any act done in tesDnnse to such defautt or
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<br />� pursuant to such notice ot defauR and, notwithstanding the continuanca in possession of the Roperty or the collecUon.recefVt and .�.��;�--
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<br /> aypileation of rerts, issues ar profits,Ttus[ea and Lender shat! be entitled to exercise every rfght O�ovided tor in,anY ot the Loan i-
<br /> � Instrumer�ts or by Iaw upon occuRence oi any Event of Defauit, induding whhout fimRation the rfBM to exercise the powet o!sa(e. _.:�.:�
<br /> � wrther,LanQers dgirts and temedies under this paragraph sha11 be cumutative witt►,end in no way a limnation on,Lendefs r(ghts and ,��?�_
<br /> remedias�under any assi9nment of teasea end rents�ecorded against the Property. lender,Tastee and the receiver shail be 6abfe to ���`
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<br />� � � accoucrt only for those rents actualty recetveQ. , � �'�`��
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<br /> ;;-;�_ � � 1�,Eyertts of Oetmdt.Ths foifowing shati constitute an Even't ot Defauh under this Deed of Trust: t.�_-
<br /> ' � (a)Fa7ure to pay any instalSment of principai ar interest ot any ather sum secured hereby whan due: _ __
<br /> (b1 A breact►of or defauk under any provision cantainecl in the Note,this Deed of 7rust,anY of the tnan tnstrumeMe•or any ,�_.,
<br /> other Iten or encumbrance upon the Property: � y +h`
<br /> • (c)A writ of execution or attaehment ar any simiiar process shall ba entered agalnst Truscor which shail become a Iien on the ��,,,�
<br /> Property or any portion thereof or inierast therein; • . -:%�^F�
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<br /> � (d)There shap be filed by ar against Trustor or Bartower an acdan under any preseot ot future federat,state or other statue,law ' ,�.__
<br /> � o�requiation relating to bankruptcy, insotvency or other reliet for de6tors;ot there sha116e appointed any trustee, receiver or �
<br /> .:. . ' • ' °.S liquidator ot Trwtor or Bortower or of all or any paR of the Property,or the rents,issues or profhs thereof,or Trustor or Borrawer �;'i `-
<br /> � . shall make any general assignment for the benefft of credftors; "'_
<br /> (e)The sale,transfer,lease,assignment,conveyance or furthar encumbrance of all or any part ot or any iniecest in the Ptoperty. ;:��f._
<br /> eithee of theBRo�erty that does�ot contain an opt on to pu chase end t a eerm ofrwh ch does nout e�xceed one year;med to execute r ` -
<br /> . ��� , a teas P � f =
<br /> (fl AbanQonment of the Piroyerty;or .
<br /> ' (g) It Trustor is not an individual,the issuance, sale,transter, assignment, conveyance or encumbrance of more than lif a _ _��
<br /> � � '��.' corporetion)a totat o! 5.000o percent of its issued end outatanding stock.ercent of the timitedlabi rty company intareats or voting , � ._:
<br /> ' :i'�:: partnershi p interesis.'a a hmRed Iiebility company)a total o! N/A P °_
<br /> . � rlghts dudng the Oeriod this Oeed of Trust remai�s a I(en on the Roperty.
<br /> 12.Rem9dies:Aceeieration Upon Defauit.in the e�ent of any Event of Default Lender ma�+,wi:hout not�ce except as required 6y(aw.
<br /> " u dectare all indebtedness secureC hereby to be due and poYabie and the same shall thereupon become due and payabTe wlthout any
<br /> � presentment,demand,protest or notice o!any klnd.Thereafter Lender may: '
<br /> ' la>Oemand that Trustee exercise the POWER OF SALE granted herein, and T►ustee shatl thereafter cause Trustors interest _
<br /> � ' (n the Property to be sotd end the proceeds to be distributed,all in the manner provided in the Nebraska Trost Deeds Act; ,
<br /> (b)Exercise eny and ail rights provided tor in any of the Loan instrumenis or by law upon occurrence o! any Event of
<br />' ' Defa-st:and " • •
<br /> lc1 Commence an acuo� to forectose this Deed of Tr,:st as a mortgage, appoint a receiver,or specitical►y ento:;s anY of the
<br /> covenants hereof. ' •
<br /> t No remedy hereln conferred upan or reservea to 7rustee or Lender is intended to be exctusive o!any other remedy herein,in the loan
<br /> ��".' • � Instromente or by lew provided or permitted,but each shatl be cumulative,shatl be in add"Rion to every other remedy given hereunQer,in
<br /> •�'- ' � the Loan tnstruments or now or heteefter existing at law or in equity or by statute,and may be exercised concurrentty,indapendentty or
<br />, � suecessively. �
<br /> 13.Trustee.7he Trustee may resigo at anY time wfthout cause,and Leader may at any time and without cause sp0oint a successor
<br /> or substkute Truatee.Trustee shail not be liabte to any party.inctuding without limitation Lender,Borrpvrer,Trustor or any purchaser of .
<br /> � " the Property, tor any loss or damage unless due to reckless or willtul misconduct, and shail not be reputred to take eny action in .. :
<br /> � connection with the enforcement ot this Oeed at Trust unless indemnitied,ln writing,for all costs.comper.sation or expenses which may
<br /> b an ed here n)hpostpone the sate o1 I ortany pott on of the F�roperty,as p ovided byf lawe or sell the Property as a whQ e,or nesePa ate _ , �
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<br /> • � parcets ot lota at Trustee's dlscretlon.
<br /> � � 14.Fees and Expanses.ln the event Trustee seits the P►operty by exercise of power ot sate,Trustee shall be entk�ed to epply any saie
<br /> . proceeds firat to payment ot all costa and expenses ot exercising power of sale,inciuding all Trustee's tees,and Lender's and Trustee's . �
<br /> eaw to curo en.6vent'oi�Qe}auit tlender shallrb entib d to reeo er from Tmstor aitBost and expenses actualiy9inecurred as a res t of . ' '
<br /> Trustor's default,inctuding without limitation all Trustee's and attorney's fees,to the extent permitted by appticabte law. ,
<br /> ' 15.Future Advaneos.Upon request of Borrower,lender may,at its option,make additional and future advances and readvanees to
<br /> Borrower.Such advances and readvancos, with interest thareon,shall be secured by this Oeed of Trust.At no time shail the principal .
<br /> � amount ot the indebtedness secured by this Deed of Trust,not including sums advanced to proteet the security ot this Oeed ot Trust.
<br /> . . oxeeed the orlginat pdncipal amount atated herein,or 8 $63 S00 00 ,whiehever is greater. • ' . •
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