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<br /> ° � � 'P�oceeds�In oonnecHon with condemnatlon or othar ffiktng of the Properiy or part thereof,or for oonveyance in lieu ot condemnation. ��"',. � �
<br /> "' `: ' ` '; Lertder shali be eMitled at tts option to oommence.epPear in and pmsecuta In its own name any action ar praceeSings,and shall atso . ��:�;��`
<br /> -- - � �- - - be er�tiHed to ma.ks any wmpromise or settlement in oonnecHon wr;th such taldng or damage.in the event any porfi�on oi ttte Rroperty is V � `"'_ `°_
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<br /> � ' ' so taken or damaged.Lsnder shall have the option io ifs sota and absalute d'�scretion,Lo apply aii suci�prooeeds. after ded�c�ng
<br /> • • ; „ :, therefrom a11 costs and expenses Incurred by it(n cannecHon with such Prooeeds.upen any indebtedness secured hereby and in su� z.:
<br /> • ` '. arder as Lender may detertntne.or W apply all sudi Pmceeds.after such deductlons,to the resto�ation of ths Property upon such mn-Cfl � . .
<br /> • - `� ditions as Lender may determine.My appUsetfon ot ProceeQs to indebtedness shaii not extend or postpone the due date of any pa}F� ' •r '�
<br /> - � ° • ments under the Na4e,or c�re any defautt theraunder or hereunder.Any unappIIed tuads shall be pafd to Trustor. � -
<br /> � 8.Pedormance by Lendet.Upon the occutrence of an Event of Defauit hereunder,or if any act is taken or legal prcoeedng � '�'` �
<br /> ' •• oommen;.ed vfiich material[y affec�s Lenders tnterest in fhe Properry,lender may in iis own�scretian,but without obfigation tfl do so. � -
<br />= s ��� and wiihout nottce w or demand upan Trustor and wfthhoat relaasing Tnistor from any obligation,do any ad whtch Trusror has agreed
<br /> -� "�"� ' but faifed to do and may also do any oiher act ii deems nacsssary to proted ti�e security hereof. TnisWr shall, immediately upon �
<br /> �3 —`-` demand therefor by Lender.PaY tn l.ender e1►casts arM expen�a iteau�d a�!s�ms expe�ded by Lender in connec�on with the exer- _ __
<br />.-•�� . • , � cise by Lendes of the ioregofng rigbffi,tegether with interest thereon at the default rate pnovided in the Note,which shali be added to �
<br /> � � the(ndebtedness se�red hereby.Lender shall not incur any liability because of anytf�ing it may do or omit to do heteunder. •�•'u:,; ��
<br /> _ 9.Ha�Maus CAateriats.Tnistor shs11 keep fhe PropeRy in oompliance witl�ali applirabte taws. ordirtances ac�d regidations .. •. .�, ..
<br /> - ._: �: � . ' ` relating tn industrial hy�ene or envtronrrtenta!protection(collectIvety re€erred W herein as'Emrimnmernal L.a�n r s�.Trustor shall keep
<br /> _ the Properiy free from aU substances deemed tn be hazardous o:tuxic under any Eavf�nmentai Laws(eolfectivety referred to hereln _
<br /> - � . � as"Ha�rdous Materiais'.Tnistor hereby warrants and represerrts to Lender that there are�o Hazardcus Materia{s on or under Uae ,
<br /> �""• . • .. Property.Trustnr hereby agrees to tndemnify aad hold fiarmtess Lender,its directors.offioers,employees and agenLs,and any succ.es- --- _
<br /> � sors to Lenders interest,fnom and agairrst any and a!1 daims,damages.losses and GabiliGes arisiag in oonnection with the presence. � ',;,,.
<br /> _ .•,F use,disposal or hansport of any H�ardous Materials on,under.from or about fhe Property.THE FOREGO1flIG WARRAAt�11T1ES AND s .� '�
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<br />-�;' . REPRESENTATIONS,AND TRUSTOR'S OBUGATIONS PURSUANT TO THE FOREGOING INDEMNlTY, SHALL SURVIVE - --
<br />-�• ' }- RECONVEYiWCE�F THIS D£ED OF TRUST. . _- —.
<br /> 10.Asstgnment of Ren4s.TrusLor hereby assigns to Lender,and grants Lender a security Interest in. ail present,fuwre and _
<br /> - ' � • after arising rents,issues and profits of ttte Properly;provided that Tnisicr shall,until the accumence of an Event oi Defautt,hereunder, � �
<br />-- � - .. • have the right to caltect and retain such rent�,issues and profits as U►ey Cecome due and payable.Upon the occurtence of an Eve.nt of . � ".
<br /> -?, ` � Refault�ender may,eilher in person or by agent,with ar wifhout bringing any action or p�oceeding,or by a receiver appointed by a _ ��:Y,�-.r,.
<br /> = • '�° oourt and wii�out negaN to the adequa�y of its secur(ty.enter upon and take possession of the Properiy,or any part thereof.in its own _ _��y.,g_�
<br /> " name or in the name ot the Trustee.and do any acLs which it deems neoessary or desirable to presen+a the value.matketabiiity as �, ����.
<br /> , � rentabIIity af the PropeRy,or arry paR thereof or interest therein,or W increase the income thereftom or pmtect the secwrit�l hereaf artd. . , � �:
<br /> " ' : ` wfth or wfthout tafcing possession of the Froperty,sue for or otheiwise ccltect the rents,issues and profits thereof,irtduding those past 4� -r '��
<br /> , �.`•l due and unpatd,by notityring tenants to make paymenLg to Lende�.Lender may appfy rents,issues and profiis,[ess casts and expen5- _ .•: �
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<br /> �� es of operation and oottedion induding attome�s fees,to any indebtedness secured hereby,alt in such order as lender may deter- ` r �°.��1�
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<br /> - � ��. � mine.The entedng upon and taking possession of the PropeRy.the co0ect3on of such rents,1ssues and proftts,and the appiicatlon , "�`�"�`T`�
<br /> ` `' � fhereof as aforesaid shail not cure or watve any deiault or naUce of default hereunder or invalidate any act done in response to sucA `..�:�q�-:
<br /> F.��� . defautt or pursuant to suct�notfce ot detauit and,notwithstandin the conUnuance in ossession of the ro erty or the coUedion. ��• �"-�"
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<br />—. ` , : ; � °' receipt and application ot rents.issues or profits,Tnistee and Lender shatl be ertiG2d W exerotse every right pr+ovided for in arry of the . .�„•;:�
<br /> = . ' �:`�' •�`� Laan(nstrumants or by law upon oocurrence of any Event of Oe#ault,induding without limifadon the Rght to exerdse the power of sate. _•.�.%;,{���:•.,:
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<br /> � • . .� FuMer,Lenders dghts and remedies under this paragraph shall be cumulative with,and in no way a limitation on,Leader's rights and � _
<br /> ' remedles undar any asslgnment of leases and rents recorded against the Property.Lender,Trustee and the ceceiver shall be tiabte to , ......�;ti:,::
<br />--�; . ' � account oniy for those rents ectuatly received. _ �` "'
<br /> f . � ` 11.Events of Defauit'Phe bl(owing shail consUWte an Event of Oefault under this Deed ot Trust �
<br /> .. _._;,°.::'�' (a)Failure tin pay any instaltment oi pdncipai or interest or any other sum sacured hereby vuhen due;
<br /> , � ' (b)A breach of or defautt uncter any provislon wntained in the Note,this Oeed oi Trust,any of the Loan tnsW menis,or any . , ,,,;:'°_;
<br /> �• � � � other lien or encumbrance upon the PropeRy; • •�;�°�r�"
<br /> . (c)A writ of exec�tion or attachment or any similar process shall be entered against Trustor which shali become a Iten on ���'�
<br /> , , • , . . , " fhe Properry or any poRlon thereof or interest therein; . '��=-
<br /> _ , (�There shali be fited by or against Trustor or Borrower an action under any present or future federal,sFate or other statute. �' ::
<br /> � . • - ' . law or regutaUon retaUng to bankniptcy,insohrency or other reUef tor debtors;or there shall be appointed any Wstee,receiver o� `°=x=�{;�.
<br /> � tlquidaWr o!Trustor or Borrower or of all or any paR ot the Property,or the renis,issues or profits theroof,or Tnutor or Borrcwer _`_
<br />=z.,_ :�,�•. shafl make any generat assignmentior the benefit of aeditors; •._. _—
<br /> . (e)The sale:transfer,lease, assignment,conveyance or further sncumbrance ot atl or any part of or arry interest in fhe :
<br /> , � � . Property,either voluntarity or invotuntarily,without the express written cunsent of Lender;provlde�that Trustor shalt be perm3t • : .`„
<br /> ted w execute a tease of the Property that does not contain an opUon to pur�hase and the term oi which Ooes not exceed one �
<br />= yea� • � .
<br /> - (�Abandonmsnt of the Property;or ' •-
<br /> � • . ��. (g)It Trustor is not an individual,the issuance,sate,transfer,assignment,conveyanoe or encumbranca ot more than(it a •
<br /> • corporation)a Wtaf oi peroeM of its issued and outstanding stock,or(H a partnership)a totai oi per-
<br /> . cent ot partnership interests,or(if a limited Iiabiiity company)a totai of percent of the limited liabitity compa- ' �
<br /> '°:;�1 ny interests or voUng rights during the period this Deed of Trust remains a tlen on the property. � �
<br />_ • 12.Remedies;Aeeeteratton Upon Detautf.ln the event of any Event oi Defauit Lender may,without noUce except as reqWred .
<br /> � by Iaw,GeGare all Indebtedness secured hereby to be due and payzble end the same shall thereupon become due and payable w(th-
<br /> � . oul any presenUnent demand,protest or notice of any kind.Thereafter Lender may: .
<br /> (a)Oemand that Tntstee exercise the P�OWER OF SALE granted heretn,and Trustee shaii thereafter cause Ttustor's inter- � ,
<br /> , ' est in the Property to be sotd and the proceeds W be distributed,ail in the manner provided in the lYebfaska Trust Oeeds Act; �
<br /> • • {b)Exercise any and all rights provided for 1n any of the Loan tnsUumenis or by law upon occurtence ot any Event of �
<br /> _- , . ; ,� Default and � '
<br /> . � � • (c)Commence an action to foreGose this Deed ot Trust as a mortgage,appolnt a receiver,or specifically eniorce any of the .
<br />-- cavenants hereol. ' � �
<br />-- ' No remedy herein cor�ferred upon or reseroed to Trustee or Lender is intended to be exciusive of any other remer{yr herei�rs!n the Laan •
<br />- InsVuments or by law provided or permitted,but each shall be cumutaUve,shafi be in addiUon to every other rem�dy given hefeunder. . . .
<br />= �� , in the Loan InsUuments or now or hereafter existing at taw or In equity or by statute,and may be exercised concurronUy,independentfy
<br /> - � ' or succesively. � �
<br /> - 13.Truatee.The Trustee may resign at any time without cause.and Lender may et any Ume and withcut cause appoint a suc� •
<br /> -� ,' cessor or subsNtute Trustee.Trustee ahall not be tiable to any party,InGuding without Iimitadon Lender.Borrower.Trustor or any pur- • .
<br /> ; .: . chaser of the Property,for any toss or damage unless due to recktess or wilitul misconduct,end shatl not be requUed to take any adlon .
<br /> � �' in cannecHon with the enforcement of this Deed oi Trust untess indemn'rfied,in wdting,for ail costs,comper�sation or expenses whlch � �
<br /> °` �5� . may be associated therewith.In addkion.Trustee may become a purchaser at any sale ot the Property(judicial or under the power ot .
<br /> �._, � . sate granted herein);postpone the sate ot all or any powon of the Property,as provlded by law;or sell tt►e Property as a whote,or in .
<br />- ,�.;. . � � separate parce�s or tots at Trustee's dlscretlon. �
<br /> _�. .: . 14.Fees and Expanses.In the event Trustee sells the PropeRy by exercise oi power oi sale,Trustee shatl be entilled tv appSy
<br /> any sale proceeds first to payment of all costs and expenses oi exercising pawer oi sale,including all Trustee's tees,and LendePs aad
<br /> �� • Tnlstee's attomey�s fees, aCtually incuned to extent pertnitted by applicable law. In the event 8orrower or Truslor exerCises any�ight
<br /> provided by law to cure an Event of Defauit,Lender shail be entitlod to reoover from Trustor ail costs and expenses actuaity incuned as � .
<br /> i'�- , 8 rgsUlt Ot TR1Sto►'s detauit,including without UmitaUon atl Trustee's and attomey's teas,to the extent pertnitted by appY.cabte law. �
<br /> � . • ' iS.Futura Advances. Upon request oi Borrower,Lender may,at its opUon,make edditlonal and future advances and read- - :
<br /> .� � - -- vances to 8ortower.Such advances and rwa3va►nxr�.witi�fnterest iherean,shaN be secu:ed ify ihis Qse�ot Trust.At na tisac:.h�!!Ctss �--�-- - -
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