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<br /> ` , `t: 7.EmteeM Dameln.L.ender is hereby essigned aU compensation,ewards,dama3es and other paymenis or reGef lhereinafter'Proceede') ` ,` `
<br /> in connectton witt►condemnation or other taking of the Proparty or Part thereof,or for canveyance in lieu of condemnation.Lender sfiatl
<br /> 4 ` taken ar damaged.Lender shafi have tha opt3on in its sote and absotute dlscration,to appiy atl such Proeeeds,after dedvaing tt►erefrom < �-
<br /> ;, ` . _�.
<br /> • a11 wsta end expenses Incurred tty it tn connection with sttcfi Proceeda,upon eny indebtedness secured hereby ered in such order as ,�,.
<br /> ' lender may Qetermine,or to apply all sueh Proeeeds,atter euch deduetions,to the restoration of the PtoDerty upon sueh eonditions as `
<br /> ' � lender may detsrtnine.Any apptication of Proceeds to indebtedness shall not extend or postpone the due date of any paYmems under 1�.� � �t� .
<br /> � the Note,or cure any dgtauR thereunder or hereunder.Any unappiied funds shatl be psid to Trustor. r` ', .
<br /> a
<br /> 8,Pes[armenee by Lsnder.Upon the accurtence ot an Event of DeEauft hereunder, or if any act is taken or legal procaeding � _ f • .
<br /> � � eommeocud which mateAaily affects LendeYs inierest in the Piroperty,Lender may 1n ite own discretion,but without obligation to do so. , .
<br /> ' ' and without natice to or demand upon Ttustor and without releasing Truswr from any ohli9ation,do any act which Trustor has�reed � � : .
<br /> , but taits to do and may elso do any other act R daems necossary to protect the security hereof.Trustor shail,immediatery upon demand � � �c` 1t
<br /> � therefor by Lender, pay to tender atl eosts and exper.ses inwrted and sums expended by lender in eannection with the exerdse by . ;:� ,
<br /> ,,...-•-.�, j LenQer of the foregoing dghts, together with interest thereon at Me detauit rate provided in the Noce,whicA shall be added to the � ._ � :.�,.::_ _.._.-.
<br /> ��'' ' indebtedness seeured herefiy.Lender sAali not incur any 6abTrtyr 6ecause ot anything it rkraY do ot omit to do hereunder. _Y. � -.____ -
<br /> .! 9.ka=erdous IUlatettals.Tniatar sh.all keep the Froperty in comPlla►►ce wltti a0 app�ltabie Iaws,ordinances an0 regutations relating to
<br /> � � ` � s� ' indust�'ral hygiene or envimnmental protectlon IcoSlactivery referted to herein as"Environmental Laws°1.Trustor shall keep the ProPettV
<br /> . frea from atl substances deem e d to be h a z az d ou s o r t a x i c u n d e r a n y E n v i r o n m e n t a l L a w s<c o l t e c t i v e f Y re f e a e d to herein as'Hazardous ,„ ,. ,
<br /> ` � � .�. Mateda{s').Trustor hereby warrants and represents to Lende�that there are no Hazardaus Matadal on or under the Property.Trustor � �
<br /> • � hereby agrees to indemnify and hatd hartntess Lendei,its direc[ors,o f t icers,emp t oyees an d a gents,end an y s�cc�s°�s t°Lertder6
<br /> .' irtterest,from and against any and a0 Gaims,damages.losses end ilabilities adsing In connection with the presence,use,disposat ar <.. .�, ;'�<J`, . [
<br /> transport of eny Hamrdous Mate�iats on,under,hom or a6out the Property.THE FOREQOING WARHANTIES AND REPRESENTAT[ONS,
<br /> _ A�pN�D� 'iRUSTQA'S OBLtGATIQI�'S PURSUANT TO THE FOREGOIN(i INDEMNITY,SHALL SURVtVE RECONVEYANCE aF THIS OEED OF • ,
<br />. . � �f�Y�. � µ ' •, '•._
<br /> 10.Assignmer►t ot Rents.Trostar herehy assigns to Lender,and grants lender e securitY interest in,ali preserrt,tuture and atter . �,., `
<br /> t� c tising rents,fssues and proftts of the Ptoperty:Provided that Trustor sAall,untit the occuttence of an Event of Defauft hereunder,have :-
<br /> �;'� the dght to cottect and retain such renta,issues and profits as they beeome due eed payat�[e.Upon the oceuaence of an Event of �.< : ��;��'-�
<br /> � "�� Oefauit,Lender may,either in person or by egent,with or without briaging any acUOn or proceeding,or by a�eceiver appoirted by a ''
<br /> ' ` wuR and without regard to the adequacy of its secu►ity, enier upon anA ta6ce possessfon ot the Property,or any part thereof,in its own - _
<br /> ; � , �. � name or in the name of the Trustee,and do ar►y acts which it deems neaessary or Qesirabte to preserve the vafue,marketability or .=-
<br /> ' =.I rentahTity of the Property,or any part thereof or interest therein,or to increase the incame tfiarehom or protect the securiiy hereof and, , ,.;''�__
<br /> - � - -_-;�� with ar without taking possession of the Praperty,sue for or otherwise collect the rents,issues and profits thereof,ipduding those past � _ ; _,
<br /> due and unpaid,by notifying tenants to make paymenta to Le�der. Lender may appty renta.lssues and profits,less costs and expenses "::�.�
<br /> � ' ot eperation and cotiection inctuding attomays'fees,to ady indebtedness secured hereby,ail in sucb ordar as Lender may determine.The
<br /> • . � s eMedng upon and taking passession of the Property, the eottection of such rents,issues and profits,and the application thereot as '��—
<br /> d��(r aforesaid,shall not cure or waive any defauft or notice of dafauit hereunder or invalidate any act done in response to sucA detauR or �. �F-
<br /> • ' pursuant to such notice of defauft and,notwithstanding the continuance in possession of the Property or the collec[1un,receipt end �" �.`••�=`��'•�
<br /> •` }.a:.'� •4i."
<br /> - appiicadon of rents, Issues or profits, Trustee and Lender shall be entftied to erzercise every right Provided for in any ot the Loan -. -- �-=
<br /> �� � Instruments or by law upon occurrence of any Event of Defauit,inciuding without limitation the right to enercise the power of sale. `",'�'. '�� �;
<br /> � Wrcher,Lenders dghis and remediss unQer this paragraph sfiall be cumutat(ve with,and in no way a limitation an,Lenders rights and •�-":
<br /> � � remedies under any assignment of teases and rents rewrded agatnat the Property.Lende►,T�uste0 and the reeeiver shall be liabfe to 4 ' ;���.-
<br /> account onty for those renta actuaily received. �"'
<br /> `:!�f;�.,�_.
<br /> � ' 11.EveMS of Oefauit.The toliow(ng shall constitute an Event af Oefautt under thia Deed of Trust: ' • ';.�3=
<br /> " � faf Faiiure to pay any instailment of prirtcipal or interest of any other sum secured hereby when due; , ..�
<br /> • �� ' � (b)A breach of or defauft under any provision wntained in the Note,thts Deed af Trust,any of the Loan Instrumenta,ot any ,�"°„
<br />_ ;!� other lien or encumbrance upon the Praperty; ___ � • � " _'
<br /> ���:
<br /> � , � (e)A wrk of execution or attachment or any similar proeess shall be entered against Trustor which shall6ecome a lien on the ���_;,��,
<br /> f � Property or any portian thereof or interest therein; ';'t �
<br /> (d)There shall be fited by or against Trustor or Borrower an actton under any present or future tedecal,stata or other statue,law .:.:r�__
<br /> or regulation relating to bankruptcy, insoivency or other reiiaf for debtors;or there shafl be appointed any trustee, receiver or •�„��.�,.�`�:
<br /> • ' liQuidator of Tmstor or 8orrower or of all or any part of the Property,or tha renta,issues or pmiits thereof,or Trustor or BoROwer • ;.;�_.,.
<br /> • ' sheli make eny gene►al acsignment for the benefit of creditors; � r*��„
<br /> - � (e)The sate,transfet,iease,assignment,conveyance or turther encumbrance of ail or any part of or any interest i�the Properry. . .. . �=n.
<br /> ehher votuntarily or invotuntarily,without the express wtltten wc►sent o!Lender;provided tfiat Trustor shail be permitted to execute ':,�:; :
<br /> ' ' � a lease of the Property that does not contain an option to purchase and the term of whlch does not exceed one year; :,., �9.T
<br /> - (f) Abandonment oi the Property;or � ' t��'
<br /> � • - (g) If Trustor is eot an tndividual, the issuanee, sele,iransfar,assignment, convayance or encumbrance ot more then(if a ��-=�A�-:-,;,�_�-.,
<br /> • • corporation)a total of tv/A pe�cent of its issued and outstanding atock.or lif a partnership) a tatal oi N/A percent of ^ � �``_
<br /> - • �' partnership interests,or a mited IiabHity company)a total of N/A percent of the limfted liebility comyanY n�terests or voting -
<br /> • dghta Quring the perfod thi�Deed of Ttust remains a lien on the Property. ,
<br /> `; 1Y.Remedies;Qcceieratlon Upon Detatdt.In tha event of any Event of Default Lender may,without notice except as�equired by law, ':,
<br />�- ' � deciare aii indebtedness secured hereby to be due and payable and the seme shall thereupon become due and payabte wfthout eny
<br /> � • � presentment,demand,protest or notice of any kind.Thereatter Lender may: , • .
<br /> � la)Oemand that Trustee exercise tha POWER OP SALE granted hetein, and Trustee sdai{ thereaiter cause Trustor's interest
<br /> ' � in the P►operty to ba sotd and the proceeds to be distributed,all in the manner provided in the Nebraska Trust Deeds Act; . .
<br /> � (b)Exarclse any and ail rights provided for in any of the Loan Instruments or by Iaw upon oceurrence of any Event of . .
<br /> ' � DefaNt;and +. �
<br /> � � lc)Commence an action to foreclose this Deed of Trust as a mortgage, appoint a seceiver,or specificaily entorce any of tbe �,, , . .
<br /> ' covenar►ta hereof. �"J '
<br /> ;�'"�. . No remedy herein conferred upon or reserved to Trustee or Lander is intended to 6e exclusive ot any other remedy hereln, in the Loan ':
<br /> Inatruments or by law provided or permitted,but each shail be cumutative,shall be in additlon to every other remedy given hareunder,in
<br /> . � the loan Instrumenta or now or hereafter existing at law or in equity or by statute,and may be exercised concurrently,independently or
<br /> successivety.
<br /> 13.TrusteB.The Trustee may resign at any time without cause,and Lender may at any time and witdout cause eppoint a successor �
<br /> � or substitute Trustee.Trustee shall not be Ilabte to any party,inciuding without Iimitation Lender,Borrower,Trustor or any purchaser of ,
<br /> �+�. . the Property, tor any losa or damage unless due to reckless or wili}ul misconduct, and ahail not be tequlred to take any action in .
<br /> connection with the enfotcement of this Deed of Ttust untess Indemnified,in wrning,for all costs,compensation or oxponses which may •
<br /> ' be assoclated therewith.In addrtlon,Trustee may become a purchaser at any sale of the Property(Judfcial or under the power of eate .�
<br /> � � granted herein);postpoae the sale of all or any pottian of the Property,as provi�ed by law;or sel)the Ptopeny as a whote,or in separate
<br /> parcels ar tots at Trustee's discretion. � �
<br /> ' 14.Fees nnd Expenses.In the event Trustee seits the Property by exercise of power ot safe,Trustee shall be entitted to apply any sate
<br /> . . proceeds first to payment of all costs and expenses ot exercising power of sate,l�cluding all Trustee's fees,and Lendet'e and Trustee's � ,
<br /> attarney's fees,actuaity incurred to extent permitted by appUcable Iaw.In the event Borrowet or Trustor exercises any rl�ht pravided by ,
<br /> law to cure an Event of Default,Lender shall be entitled to recover from Trustor atl costs and expenses actualiy incurred as a result of �
<br /> Trustor's de}ault,inciuding without�imitation atl Trustee's and attomey's fees,to the extent permitted by appilcabie law. �
<br /> 15.Future Advaneos.Upon request of Borrower,Lendet may,at rta option,make additional and future advances and readvances to
<br /> �' " Borrower. Such advances and readvances,with interest thereon,shall be secured by this�eed of Trust. At no time shall the principai � .
<br /> - amount of the indebtedness secured by thls Deed of Trust,not including sums advanced to protect the security of this Deed o}Ttust. '
<br /> � exceed the odginal pdncipal amount stated herein,or 9 Szss.o00 00 ,whichever is greater. . .
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