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<br /> : , :��,;- "Rrooeeds�in connedion with condemnatlan or other taking of the Property o�paR tl�ereaf,or far oonveyaace in lieu af oondemnation. : �.
<br /> � . � � lender shall Oe entitted at its option to commence,appear in and prosecute tn its cwn nama any ac�lon or proceedings,and shal!aiso ' '` '� s`
<br /> ---- .-- ba entitfed ta maice ar►y c�ompromise or setEtemer�t in conrteWon with such taking or damage.ln the event any portion of the Rroperry is - --= - -
<br /> ---- -_ -•� =r sa tanen or damaged.Lertder sfiali have the option irt its sote and absohrte disaetlon.to apPty a11 such proceeds, after deductln9 __ ,..�z:.;',_-
<br /> ,' � ; � �`�. therefram ali cosb artd expe�ssas incumed by it tn oonnectton with such Proceeds,upon any indebtedness secured hereby and in such '`.,-:;,`.
<br /> . , ' °- order as Lender may determ(ne,or to appty alt such Praoeeds.after such deduGtons,io the restoraticn of the Froperty upon such mn- � -�
<br /> . . . diUons as Lendar may Qetermina.My applicetion of Proceeds to Indebtedness shai!not extend or postpone the due dafe of any pay- • � '
<br /> :j ments under the Note,or cure any default thereunder or hereunder.Any unapplied funds sha0 6e patd tn TrusCor. �•, �• . . -
<br /> � � 8.Perfomfanoe tiy Lender.Upon the occurrenoe a9 an Event of Qetault hereunder,or if any act is taken ar legal prooeeding -� � .
<br /> c a m m e n c e d w h i c h m a t e r i a l l y a f f e c t s l.e n d e r s i n t e r e s t i n t h e P r o p e r t y.L en der m a y in its own dis�xeUon,but without obti gation to do so, ��`'� �•;�'
<br />' _ __,N.� � and wi8wut noUce to or demand upon Trusror and without�!easing Tnutor from any obtigation,do any act which Trustor has agreed • ` -
<br /> , _���,� Dut faited to do and may afso do any other act it Qeems necessary to protect the security hereoL Tnutor shalt, immsdiatety upon ,
<br /> = _ . Y � demand theretor by Lender,pay to Lender ait�S and expenses tncurred and sums expended by Lender in oannection with the exer- ` _
<br /> c�se by t.er�der of the furec3��9�9�.�Sglher w(tb interes!therean a!tha defaul!rafe pravided in the IYOfe.�rhk�e shal!be added to ; �� .
<br /> . , the indebtedness secured hereby.Lender shali not incur any liabifity bequse of anything it may do or omit tn do hereunder. .� �
<br /> • . , .-' � 9.Hasardous Ma4etiats.Tnutor shail keep the Property in compliance with atl applicabfe Iaws,ordinances and regWations } '�•4
<br /> " � Yti relating to industrial hygiene or environmenFdl protectfon(collectivefy referted to herein as'Environmental Laws'.Tn�,stor shall keep �' �
<br /> :i• .. -• the Property free from all substances deemed to be hazardous or Wxia under any Enviranmental l..aws(oottectively referted to herein 'f. .� ` ,`.."ti
<br /> .. • ��` as'Harardous Materials').Tnistor hereby warraMs and represenLs tn Lender the!fhere are no Hazardous Matedals on or under the � �
<br /> . ` - :.s47. ,:i� :.�_: �'.:_riF
<br /> Property.Trust,or hereby agrees to indemnify and hofd harmiess Lender,its direcDors,officers,employees and egenis,and atry s�[cces- .
<br /> ` � sars ta lenders interest,from and against any and all daims,damages,tosses and liab3fities arising in connection w1tl�fhe presenoa, ' I n',•�:��� =-
<br />: '. , use,dsposai or transpor[ot any Hazardous Matedats an,under,from ar ahout the Property.THE FORECOING WARRANTIES AND � ,='.�--`�"
<br /> : •; ] REPRESENTATIONS,AND TRUSTOR'S OBUCsATfQNS PURSUANT TO THE FOREGOING INDEMNITY,SHALL SURVIVE _ ' •' `J--
<br /> . , . ''•� . RECONVEYMtCE OF THIS DEED OF TRUST. '`',"'��c
<br /> � � �� :c,:` 10.Assignmertt ot Renb.T�r hereby assigns to Lender,and grants Lender a security interesc in,all present fuhire and �_ _--._
<br /> . ,. , after arising rents,issues and profits of the Property:provided that TrusWr shafl,untfi ftie accurrence of ao Event of Defauit,hereunder, —_ _
<br />_ • have the dght to colte�and reta(n such renta,issues and prufits as they beCame due and payabte.Upon the occuirence of an Evern oi - `-�
<br /> efau�,Lender ma either in erscm or b a en�with or without brin m an acUon or roceedin or b a r+eceiver a ointed b a • �-�
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<br /> court and wiMout regard to the adequacy oT its security,enter upon and take posse�ion of the Property,or arry part thereof,in ib cwn _. __
<br /> ` ,:; ,:f name or in the narrte oi the Trustee,and do any scts which it deems�ecessary or desirabie to presenre tfie value,mazkefa6ility or " � '�
<br /> ' � `r-�. �entabiiity of the Property.or any part thareof or interest therein,or to increass the inooma thereTrom or protect the security hereof and, , T-��....
<br /> �>i�t�:-
<br />- . ' , w(th or witl�aut tak(ng possesston of the Property,sue for or othervuise coflect the rents,issues and proflts thereof,induding those past ' ,�. -�.. ,.
<br /> . � . � due and unpaid,by notifying tenants to make payments W Lender.Lender may apply tents,issues and profrts,tess costs and expens- . ��'.'_��,i::-�
<br /> es of operatfon and coltecdon Inciuding atfomeys fees,to any indebtedness secured hereby,all in such order as Lender may deter- � �c;�y�;,
<br /> - .... . . .. mine.The enieri�g upon and taking possessian of the PropeAy,the caltectIon of such rentg,Lssues and pmfits and the apAQcation .�'.t_.-. ���'�,_
<br /> - , �,-� -.
<br /> - • , thereof as afiresaid sha11 not cure or wai�e any defauit or notice af defautt hereunder or Invalidate any act done in response to sucfi - � _�-
<br /> . ,. default or pursuant to such notice of defauit and,not�vtq�laading the conUnuance in possession of ths propeRy or the coliecdon, ;'.��-
<br /> , „ • _ receipt and applicaGon of rents,issues or profits,Trustee and Lender shail be en6Ued to exercise every rigt�t provided for in arry of the ; ��;"'�'-�'
<br /> � , Loan InsUuments or by Iaw upon occurtence of any Event of Qefautt,inctuding w0hout Iimita�on the dght to exetttt:ise the power oi sate. : .��,�.-:
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<br /> ' . ' ' Furtfier,Lendefs rights and remedles under ihts paragraph shap ba cumulative with,and in no way a IimitaUon on,Lender's rights and `� `r':�"�� �
<br /> �'"���;-:,': ��:�_.:
<br /> . remedies under any assignment oi teases and rents recorded agalnst the Property.Lender,Trustee and the receiver shati be Ifabte W ; , ,;-s...,
<br /> :• ' aa:ount onty for those rents acivatly received. �;'�"��_:.;.�'..�;:
<br /> ' . . . 11.EveMs of Oefault The follow(ng shall constitute an Event oi Defauit under this Deed of Trust .�..-•:�+!`
<br /> a Faiiure to an instaitment ot rind 1 or interest or an other sum secured hsreb when due; ' `'a ��"
<br /> . . I ) PaY Y P Pa Y !► � .
<br /> • • (b)A breach of or default under any provision conbined in the Note,this Qeed of Trust,any ot the Loan fnstrumenta,or any � ���.
<br /> , other Gen or encumbrance upon tbe Property; '� `� 4�
<br /> „:_ ,?�;�,-
<br />_.•.� . • (c)A writ of execution or attachment or any similar process shall ba entered against Trustor which shall beccme a lien on _ -__
<br /> , • the Properly or any portion the.eof or Interest therein; �' �� ' ��`��i.-
<br /> . � , (d)There shali be fited by or against Trustor or Borrower an action under any present or future iederai,state or other stahrte, , •���,-
<br /> '• � Iaw or regutaUon relaUng to bankrup2cy,tnso(vency or other reliei for debtors;or there shall be appointed any trustea,recelver or ':��-
<br /> ` � .. Iiquidaror ot Trustor or Borrowar or oi all or any paR o!the PropeRy,or the rents,issues or profits thereaf.or Tnrstor or Borrower ":•;�_
<br /> • • shall make arry general ass(gnment for the benefit of creditors; � �:. ' ...�-`
<br /> , ' , e The sale,transfer,lease,assi nment,conve ance or further encumbrance of all or an y '���`���'•
<br /> � • • O g y y paR oi or an interest in the ��,-'
<br /> . ' Propa►ty,either valuntarity or invotuntarify,wittiout the express written oonsent of Lender,provt�ed that T�usWr shaU ba pemn(t � ' .- .,;•�`
<br /> •t ted to oxecute a lease af the Properly Mat does not contain an opUon to purchase and the term of which dae.s not oxc:eed one . �
<br /> _ . ' yeel; �:
<br /> � � '' (�Abandonment oi the PropeRy;a . . ,' •
<br /> .. ` � :� (g)If Trustor is not an individual,the issuance,sate,transfer,assignment,conveyance or ertcumbranca oi more than(ii a • , s; `'
<br />_ . . . corya►aUon)a Wtat ot percent of its issued and outstanding stock,or(if a partnership)a total 04 per- • �
<br /> . � , cent o! partnership lnterests,or(i!a Iimited Uabitiry company)a total ot percent oi the Ilmited Habitity compa- ��.� . .
<br /> • ' ' mr interests or voling right9 during the perlod this Oeed oi Trust remai�s a lien on the properry. • � '
<br />-� • • 12.Remedlea;Acceteration Upon Oefault In the event oi any Eveni of Delauit Lender may,wlthout noUoe except as required • � •
<br /> by law,dec(are ail lndebtedness secured hereby to be due and payable and the same shall thereupon beoome due and payabte witl� �
<br /> out any presentrnent.demand,protes!or noUce of any kind.Thereafter Lender may: '. •
<br /> � � (a)Oemand that Trustee exerclse the POWER OF SALE granted hereln,and Trustee shali thereafter cause Trustors inter- •
<br /> est in the Property to be soid and the proceeds to be distributed,al!in the manner provided in the Nebraska Trust Qeeds Ad; , �. .
<br /> (b)Exercise any and aU rights provided far ln eny oi the Loan Instruments or by law upon occurrence o1 any Event o! , � .
<br /> - Detault;and �
<br /> . .� (c)Commence an action to breGose this beed of Tn�st as o moRgage,appolnt a recelver,or specificaily enforcs any ot the �
<br /> , � covenants hereot . '
<br /> No remedy herein confened upon or reserved to Trustee or Lender is intended to be exciusive oi any other remedy herein,in the Loan �,
<br /> Instruments or by taw provlded or permitted,but each shall be cumulaUve,shall be in addiUon to every other remedy given hereunder, •
<br /> in the Loan Instruments or now or hereafter e�as�ng at law ar in equity or by statute,and may be exercised cortcurrentty,independenUy .
<br /> " • '� orsuccesivety.
<br /> � 13.Trustee.The Trustee may restgn at any Ume without cause,and Lender may at any Ume and without cause appoint a suo- � . : _
<br /> � ' � cessor or subsUWte Trustee.Trustee shall not be Ilabte to any party,InctuEing without OmitaUon Lender,Bormwer.Tnutor or any pur- . .
<br /> • . .. chaser of ffie Property,for any toss or damage unless due to reck►ess or wiiHul mis�nduct,and shail not be requtred W take arry ecUon . .•
<br /> in connecUon with the enforcement oT this Deed oi Trust untess indemnifled,in wriUng,for all costs,wmponsaUon or expenses which .
<br /> " may be associated therewith.In addiUon.Trustee may become a purcf�aser at any sale of the Property(judicial or undar the power of �
<br /> �. � sale granted herein);postpone the sale of all or any portlon oi ihe Property,as provided by law;or seil the Property as a whote,or in • . '
<br /> �. separate parcets or lats at Trustee's discretion. '
<br /> - • 14.Fees a�d Expensea.tn the event Trustee seits the PropeRy by exeroise of power oi saie,Tnistee shall be enUUed to appty � �
<br /> ` . any sate proceeds flrst to paymsnt ot sA oosts and expens+ss of exercising powar of sale,inciuding ait Trustee's tees,and Lenders and •. '
<br /> Trustee's attomeys fees, actually incuRed W extent permltted by appiicabte taw.In the event Borrower or Trustor exercJses any dght • �
<br /> provided by law to cure an Event of Detault,lender sha�l be entitled to rocover from Trustor alt oosts and expenses actualty incuned as • �
<br /> . ' a rasult oi Trustor's defauit,incfuding without IimitaUon all Trustee's and attomey's fees,to the extent pertnitted by applicabte law.
<br /> - l 15.Fu4ure Advances. Upon request of Borrower.Lender may,at its option,make additionaf and future advances and resd- .� -
<br /> _ ' . 1 vances to Bortower.Such advances and readvances,w1tA interest thereon,shail be secured by this Oeed of Trust.At no Ume sha�l the [
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