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<br />; � • ,� 'Pr�ncee�s7 in connecGon with condemnaUon or other ffiking ot Ure Propetty or part thereof,or for wnveyance in IIeu of oondemnation. � "� . •
<br />-__________'._'_�� LenCer shall be entiHed at its option to cosnmenoe,�ppear in and ptosecute in its own name any action or ptoceedings.and shall also � __
<br /> �-� : � be en6tted to make any oompromise or seitisment in cannecUon vyIth such takieg cr damage.In the event any poRion of tlie Pmperty is -- ���L
<br /> � -.� , , - so teken or daisiaged,Lender shall have the opticn in its so►e and absolute discreUon,to appty ell such pcoceeds, after deducting - �.- �`,'-',
<br /> � therefrom ati cosis and expenses Incurred by it in oonnection with such Proceeds,upon any tndebtedness secured hereby and(n su�
<br /> .. • order as Lendar may detertnfne,or m apply aii such Pra�Beds,after such deducGons,to the restaraUon of the PropeRy upon such mn- , . �`�• , `�`
<br /> ' • , �z << dtions as iender may defem�ine.My ayplicatlan of Praceeds to indebtedness shall nat extend or pos�one ttr3 due Qate oi any pay- . . :
<br /> � ments under the Note,or cura any defauit thereunder or hereunder.Any unappiied funds shall be paid to Trustor. V' �` ` .
<br /> ' '� yr l: 8.Perfasmanee by Lender.Upon the ocarrence of an Event of Detauit heceunder,or it any act is taken or tegal prooeed'mg .:'.� '=t
<br /> : commenced which materially affecls lender's laterest in the Properiy,Lender may in iLs own dis�eGon,h!lt without ahligation to do so.
<br /> , � __ and without noUce W or demand upon TrussWr and withwrt reteasing Tn�sWr from any obligatlon,do any act whid�T�r has agreed � �
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<br /> . "��---�''�- but faited to do and may also do any other act it deems necessary to protect the sec�iriry hereof.Tnutor shatt, immediatety upon • . .
<br /> ' � •: demand therefor by Lender,pay to Lender a0 costs and expenses incurred and sums e�ended by Lender in connection with the exer- �
<br /> ,`-��- `�', tdse by Lender ot d�e foregoing rtghts,Wgethsr wRh interest thereon at the default rate provided in the Note,which shalt 6e added to , .
<br /> . � �,� the indebtedness secured hereby.Lender shall not incur any liabitiry bequss ot anything it may do or omit to do hereunder.
<br /> .. S.Har�rdous!!lateriats. Trus�or shall keep ths PropeRy in oompt'rance with aii applicable laws,ord'mances and regulatons .` ' •' .`;`"` :
<br /> � ' � retating to industrial hygfene or environmental protection(ooUedivety referred to hereirt as'EnvironmenCal Laws7.Tnisror shall keep •
<br /> �- the Property fres from ai!substareces deemeti to he hamtdous or tuxic under any Environmental Laws(co!lectivety refemed to here3n '
<br /> ` . " as'Hazardous Materiats�.7rustor hereby warrants and represents tn Lender that thero are no Hazardous Materials on or under the � ?'�� ' -
<br /> . Properry.Trustnr heneby sgrees to tndemnity and hotd harmtess Lender.its directars,ofRce[s,employees and ager�,and any suoces � � •
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<br /> sois to Lende�s interest,fcom and against any and ail daims,damages,tosses and 8abtl(ties arising in cannectlon witA the presenoe, .�: '�, ` •
<br /> ' � , use,disposal or transport of arry Hazardous Materials on,under,from or about the Property.THE FOREGOIIYG WARR/W'f'tE5 AND - • `��.-�
<br /> ; REPRESENTATIONS,AND TRUSTOR'S OSUGATIONS PURSUANT TO THE FOREGOING INDEM19NlTY. SHALL SURVIVE ---°-
<br /> _ ' • ' ,, �'-� RECONVEYANCE O�THIS DEED OF TRUSL ' _
<br /> � ' •'� 10.AsstgnmeM of Rents.Trustar hereby assigns ta lsnder.and grants Lender a security interest in,a[f present,fuhire and � '-
<br /> � -. . �: '` after arising rents,issues and profits ot the Propeity;provided that Tn�stor shail,until the occurrence of an Eveni of Defauit,hereunder, -_
<br /> .. � 't have the r(ght to coliect and retaln such rents,issues and prufits as they become due and payabte.Upon tha occurrenaa of an Event of � �°�` '°°�,�=
<br /> � 4efault,Lender may,either in person or by agent,with or without bdngiag any adion or proceeding,or by a receiver appointed by a _ . =
<br /> � ' court and without regard to the adequacy of its security,enter upon and talce possession of the Property,or any part thareof,in its own s=�-
<br /> _ " ��4� �'. name or In fhe name of the Trustee,and do any ads which it deems necessary or des:rable to preserve the vatue,maRcetabitity or � �'�.:�:_-. �:
<br /> , , ;� rentability of the Property,or arry paR thereof or interest therein,or to increase the Income therefrom or proted the security hereof a�J, '��S"
<br /> with or without taking possession oi tfie Property.sue for or othervvise coliect tha rents,issues and profits thereof.lnduding those�st �.�-_
<br /> dua and un aid,b no" in tenants to make a ents to Lender.Lender ma a t rents,(ssues and rofits,tess oosts and e :�"�.-�""-
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<br /> '� es of operation and collection inctuding attomey's fees,to any indebtedness secured hereby,all In such order as Lender may deler- . ;��'
<br /> " _��" ''"_'" mine.The entering upon and taking possession of the Property,the collectIon of sucf�rents, issues and profits, and the applicatlon ';*,•�-;
<br /> .$ . `. thereof as aforesaid shali not cure or waive any default or no6ce of default hereunder or invaiidate any act done in response to such . - --
<br /> , . . . : dsfauft or pursuant tn such notice of default and,notwithstandirtg the conttnuance in possession of t3�2 property or the Coltedion, ;��,�•
<br /> ;.r receipt and applicaUon of rents,tssues or pm`'r,�.Tnistee and Lender shail be en�tted to exercise every�ght pmvided br in any of the -
<br /> •• ' Loan Instruments or by taw upon occurrence of any Even!of Defautt,including wtthout limttatlon the right to exe�ise fhe pawer ot saie. • ,'��_
<br /> : ' � Further,Lenders righis and remedies under thts paragrapb shall be cumula8ve with,and in no way a limitation on.Lende�s rights and � �----
<br /> ����' remedies under any assignment of leases and rents recorded against the Property.Lender,Trustee and the rec:eiver shail be 8ab1e to ,�'i��•''
<br /> ' � accaunt oniy for those rents actuaily received. '.'�
<br /> , 11.Events of DefaufR The foilowing shall oonsMute an Event of Default under this Deed ot Trust ' �'_.��'�.
<br /> •• ' (ay Fai!ure to pay any inshallment oi principal or int9rest or any otha►sum secured hereby when due; . �� •' ,�.�.
<br /> �����--- - , (b)A breact�of or dafautt under any provisian contained in the Note,this Deed of Trust,any o#ihe Loan Insd�umenls,or arsy �,�: : : ;.�-----
<br /> . other lien or encumbtance upon the Property; ;"� .��=
<br /> , (c�A wr(t ot execuUon or atfachment or any similar process shatl 6e entered against TrusWr whtch shail become a lien on ''.,�.,`
<br /> � • � the Property or any poRion thereof or interest therein; ,
<br /> � r• � (d)There shall be fited by or against Trustor or Borrower an action under any present or future tederal,state or other statute, ,'� -��=�
<br /> � � ' taw or reguiation retadng to banklvptcy,insoivency or other reliei for debtors;or these shall be appointed any trustee,recelvet or �� - -
<br /> , ' . liquidator of Tnistor or Borrower or of atl or any paR of the Property,or ffie renb,issues or profits thereoi.or Trustot or Bomawer . .:;.�,�,�:
<br /> �� shall make any generai assignment for the benefit of credftors; • _, �
<br /> . • • , _ (e)The sate,transfer. tease,assignment, conveyanoe or further encumbrance oi atl or arry paA of or any inierest in the -. =
<br /> .: ' Property,efther voluntariiy or invotuntari�y,wilhout the express written consent of Lender,pro�ided that Tntstor shall bo permit- . ",'.� ;
<br /> ��! ' . ted to execute a lease of the Property tt�as caes not wntain an op5on to purchase and the tertn oi which does not exceed ono • �
<br /> • , �� year. •
<br /> : . . (f�AbanQonment oTthe Property;ar _ � -
<br /> � . ' (g)If Trustor is not an indlviduai,the issuance,sate,transfer,asslgnment,conveyance or encumbrance of more than(ii a .
<br /> , • � ooryora�on)a total oi percent af ita issued and outstanding stock,or(if a partnership)a total of per- • � .
<br /> ; ? cent ot partnership interests,or(it a timited tlability company)a total ot percent oi the Umited tiabtl(ty compa- .. �
<br /> • ;�:; ny lnterests or valing righis during the pedod thls Deed of Tnist remalns a ilen on the propeRy. � �.
<br /> - ' �.. • 12.Remedles;Acceteration Upon Dgfaut�In the event oT any Event oi Detault Lender may,without no�ce except as required �� .
<br /> � ' by faw,deGare all Indebtedness secured hereby to be due and payabie and the same shail thereupon become due and payabfe with- •• •
<br /> ;� �' out any presentment,demand,protest or nodce oi any kind.Thereafter Lender may: � � �
<br /> �` ; ' ' (a)Oemand that Trustee exercise the POWER OF SALE granted hereln,and Trustee shail thereafter cause Trustor's inter- � � �
<br /> ., � ' .� est in the Property to be sotd and the proceeda to be dlstributed,all in the manner provlded in the Nebraska Trost Deeds Act
<br /> � � (b)Exercue any and all rlghts provlded tor in any of the Loan [nstrumenta or by law upon occuae�ce ai any Event af �. �
<br /> Oetautt;and `��
<br /> - (c)Commence an acNon to foreclose this Osed ot Trust as a mortgage,appoint a receiver,or speciflqity entorce any o!the �
<br /> covenants hereo}. �
<br /> No remady hareio car�farred upan or reserved ta Trustee or lender is intended to be exGusive oi any other remedy herein,in!he Loan
<br /> ' Instrumanis or by law provlded or permitted,but each shall be cumulaUve,shall be in eddiUon to every other remedy given hereunder, � �
<br /> in the Loan tnstruments or now or hereafter existing a!law or in equity or by statute,and may be exercised concurrenUy,lndependently � �
<br /> or succesivery. : � •
<br /> . � � 13.Trnstee.The Trustee may resign at any time wlthout cause,and Lender may at any Ume and without cause appoini a suo- • �
<br /> � � cessor or substltute T►ustes.Trustee shall not be liabte to any paRy,including without IlmitaUon Lender,Borrawer.Trustar or arry pur- �
<br /> chaser o!the Property,for any loss or damage unless due to reckfess or wllifut misconduct,and shali not be required to take any actian �
<br /> in connectlon with the entorcement of this Oeed of Trust unless indemnifled,in wdting,tor all costs,oompensation ot expenses which '�
<br /> . may be associated therewith.In addition,Trustee may become a purchaser at any sate of the Properiy(judldal or under the power oi • •
<br /> ' sate granted herein);postpone the sate ot ail or any portion of the Property,as provided by lav�;or seil the Property as a whote,or in � • •
<br /> sepa�ate parcels or tots at Trustee's discretion. . •
<br /> � • 14.Feea and Expensea.In the event Trustee setis the Propertyr by exerclse of power of sale,Trustee shal!be enGUed to apply � .
<br /> • any sate proceeds Arst to payment ot all costs and expenses of exercising power of sale,inciuding all Trustee's fees,and Lender's and
<br /> • • � Trustee's attomeys fees, actualty incurred to extent permitted Dy appllcable law.In the event Borrower or Trustor exercises any right • ,
<br /> ,;�, . provided by law ta cure an Event o}Detauit,Lender shall be entitled to recover from Trustor a�l casts and expenses actualty incurred as �
<br /> a resutt of Trustors defauit,inciuding without UmitaUon all Tnistee's and attomey's tees,to tha extent permittod by applirabte taw.
<br /> • . i 15.Future Advances.Upon request of Borrower,lender may,at its option,make additlonal and tuture advances and read- .
<br />_,,_ � vances to Borrower.Such advances and readvances,vriih in2erest thereon.shali Co secured by this Qeed ot Trust.At no time shatl the
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