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<br /> +� ' • 'Proceeds7 in oonnec:Uon with condemnation or other taldng of the Property or pan thereof,or far conveyan�n IieL�tidemnation. ,;; .� __,�
<br /> --_- ,-..- - Lender si�ari he entiHed at its option ta oommen�.aPAear in and prasecute tn its own name any action or Fvoceedings,and shafl also --. -<
<br /> � be e�iNed to make any oompromise or seStlement in connec6on wiffi such taking or damage.in the event any pordon of the PropeRy is �`�
<br /> � - � . • so ffiken or damaged. Lender shall have the opSon In its sole and absotute dlscretion,to appty ail such proceeds, after deducang • ; . .
<br /> � " � • therefrom ail costs and expenses incurred by it in wnnection wlth such Procesds,upon any indebtedness secured herehy and in sud� •
<br />-.s •�(, order as Lender may determine.or tn aPPiy at1 such P�ceeds.aRer such deductions.to the res0oration ot the Property upon such mo- •
<br /> � . . . . di6ons as Lender may det�srrNne.My appfipfion of Prooeeds ta indebtedness shall not extend or postpone the due date of any pay-
<br /> ments under the Note,or cure any defau(t Shereunder or hereunder.My unappfled fimds sfiall be paid to TrusUor. , , .
<br /> �� '_'� ' 8,pettonnanca by Lender.Upon the oxumence of an Event of Defaatt hereunder.or if any act is taken or tegal prooeeding ,. . ?.
<br /> commenced whicli materiatty affects lenders interest in the Pmperly.Lender may tn its awn discxefian,but without ohGgalion to do so.
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<br /> ' � and without rrotice to or demand upon TrusWr and without releasing Tnrstor icom any obligatlon,do any act which TnisWr has agreed �`
<br /> - --.-- � but taited to do and may afso do any other act R deems necessary ta protet�the security hereof.7rustor shali, immediatety upon _ , .
<br /> �'� "``� �� ' demand therefor by Lender,pay to Lender all oosis and exQenses incu�red and sums expended by Lender in connaction with the exer- , _ . .
<br />-� �„ �, ' r cise by Lender of the foregoing rights,together with intsrest thereon at the defauft rate pmvided in the Note,wi�icfi shaii be added ba =-�- __ --_
<br /> the indebtedness secured heseby.Lender shali not incur any tiability because of anything ii may do or omit to do hereunder.
<br /> � 9. Harardaus MatarYats.TrusDor shall kesp tl►e PropeRy in compliance with alt appticabte laws,ordinances and regutations :
<br /> • • �� relating to industrial hygiene or environmentat profecHon(coilectivety referred to herein as'Envlronmentai Laws'y.Trusto�shall keep
<br /> � the property free from all substances deemed to be hazardous or toxic under any Environmental Laws(ooUedivety referred to herein .
<br /> - � ` • as'Ha�rdous Materiats�.Trustar hereby warranis and represents to Lender that there are no Ha7ardous Materials on or under the •.
<br /> � ' Ptoperty.Tnistnt hereby agrees W indemnify and hold hatmless Lender,its ditectors,offtcers,emptoyees and agants,and arry sucoe� >� • '
<br /> :r' � � � sors to lenders interest,fiom and against any and afl ctaims,damagas.tosses and IiabiU6es arising in connection wJth the presenee. � • � :' .r�.�.:
<br /> � ` ! use,d�sposal or transport of any Haaardous Materiats on,un der,f r om or a bo u t t h e P ro p e rt y.T H E F O R E G O I N G W A R R A N T I E S A N D , ���5��••.
<br /> ` REPRESENTATIONS,AND TRUSTOR'S 08UGATIONS PURSUANT TO THE FOREGOING INDEMNITY, SHALL SURVIVE : -
<br /> <<. � RECONVEYANCE Of THIS DEED OF TRUST. : �=-�
<br /> - 10.Asslgnment of Reats.Tnistar fiereby assigns to Ler►der,and grants Lender a secudty interest in.atl present,future and . .,.;:F�:
<br /> ' .. �� after arising rerrts,issues and pmfits of the Properly;pmvided that Tn�stor sha0,untit the occurrence of an Event of Defaun,hereunder,
<br /> - � . '•` have the dght to coliect and retain such rents,issues and proflts as they become due and payable.Upon the accurrence of an Event of �''.'�
<br /> . �� � :; qefault,Lender may,either in person or by agent��or without bringing any adion or proceeding,or by a reoeiver appointed by a ';::;�-
<br /> . court and wJffiout regard to the adequacy uf iis security,entet upon and teke possession of the Property,or any part thereof,in its own •;� :; :_
<br /> - ' - • name or in the name of the 7rustee,and do any ads which it deems necessary or desirabte to preserve the value,marketablity or �.� ,_-i:.;�;f�
<br /> ;�t� , . • . � • rentabifity ol the Property,or any paR thereof or interest therein,or to increase the inoome therefrom or protedthe security hereot and. .
<br /> ��� , � ��� ` wiih or without taktng possesslon oi the PropeRy,sue for or otherwise cottect the rents,issues and profits thereoi,iodu�ng thase past � �.�.�:�
<br /> � P Y � 9 PaYme 9 PP p .. xy;.-.�.:,:::.
<br /> ' � due and un aid,b no n tenants ta make nis to Lender.Lender ma a ty renb,issues and roftts,tess oos�and gacpens- �,.�,�
<br /> � � - es of operation and collection inGuding attomeys fees,to any indebtedness secured hereby,all in such order as Lender may defer- , � :' '
<br /> � . � � . ���� - mine.Ths enfertng upon and taking possession of the PropeRy,the cottection of such rerts,issues and profib,and the applicabon
<br /> ��.��
<br /> '_` . ` � e thereof as aforesaid shail not cure or waive a�y defauit or notice of default hereunder or invalidate any act done in response to such , "�
<br /> �'� �' default or pursuant to such notice of default and.notwithstanding the oonUnuance in possession ot the property or the colledIon, `'"�'_�
<br /> � ::rft;.e�
<br /> � � " � receipt and appiiptlon of rents,issues or profits,Trustee and Lender sha►1 be entlUed to exerciss every rfght provided fir in any of the � ��;�°��
<br /> ;';, •, � Loan InsWments or by law upon uccurrence of any Event of Oefault,InGuding wiihaut Iimitation the A ht W exercise�he pawer of sa(e. ��'-;.,�,,
<br /> 9 . �•ti_—'
<br />- ; . • Further,LenQers rights and remedies under this paragraph shall be cumulaGve with,and in no way a limitation on,Lender's rights and - _. _
<br /> � remedies under any assignment of leases and rents recorded against the Propercy.Lender,Trustea and the receiver shall be liabie to � • :<<;�_-
<br /> � `�. account oniy for those rents actualty received. ' `��
<br /> � � "�� ' 11.Evenb ot Defaut�The fo0owing shall constitute an Event of Defauit under this Deed of Trust: �;�'.�
<br /> - � � (a)Faiture to pay any instatlment ot pdncipal or interest or any other sum secured hereby when due; _
<br /> - - . (b)A breach of or default under any provision contained in the Note,this Deed of Tnist,any of the Loan insbuments,or any `.<<:._..
<br /> ___ _ other lien or encumbrance upon ttte Property; ` `���"-"
<br /> �. (c)A writ of execution or attachment or any similar process shatl be entered against Trustor which shalf become a tien on - :���`��-�:���',
<br /> �;;� the Properiy or any poRion thereof or interest therein; � `---
<br /> (d)There shall be filed by or against Trustor or Borrower an action under any present or future federal,shate or other statute. :�''.
<br /> • '. , faw or regulatton relaHng to bankruptcy,insolvency or other retief tor debtors;or there shall be appolnted any trustee,racefver or _•• _
<br /> . ' Iiquidator oi Trustor or Borrower o►of all or any paR oi the Property,or the renis,issues or profits thereof.or Trustor or Borrower :_
<br /> '`i . � shail make any general assignment tor the benefit oi creditus: ,. .� ;��}
<br /> . . � (e)The sate,transfer,lease, assignment,oanveyance or tuRher encumbrance of all or any paR ot or any interest in the �?�
<br /> �_ Proparty,e3ther vo9untarity or Invo(untarity.without the express written consent ot Lender,provided that Trustor sha0 be permit- • • �
<br /> � ' � ted to execute a lease of the Property that does not contal�an aption to purchase anA the tertn oi uvhich does no!exceed one
<br /> year, • ;� . .
<br /> . (f�AbanConmont ot the Property;or • ,;, .
<br /> . (g)IT Trustor is not an indivldual,the issuance,sa�e,transfer,assignment,conveyanoe or encumbrance oi more than(ii a �--.�y{, �
<br /> corpereUon�?total of percent of its issued and outstanding atock,or(if a partnershtp)a total ot per- � ,. `
<br /> � cent of partnership interests,or(it a limited tlability company)a total of perceni of the iimited Iiabiiity campa- . ,.
<br /> • . ' ny interests or voUng dghts du�ing the perlod thia Deed ot Trust remains a lien on the property. �
<br /> �� 12.Remedies;Acceteratio»Upon Oetault In the event oi any Event oi Oefauit Lender may,without noUce exoept as requlred , .� ..
<br /> �"` . by law,dectare all indebtedness secured hereby to be due and payabte and the same sfialt thereupon becoma Que and payable with- ,
<br /> � out any presenbnent,demand,protest or noUce o!any kind.Thereafter Lender may: .
<br /> - ; (a)OemanO that Trustee exercise the POWER OF SALE granted hereln,and Trustee shail thereafter cause Ttustor's Inter- , . . .
<br /> � est in the Property to be sotd and the proceeds to be dlsUibuted.all in the manner provided in the Nebraska Trust Deeds Act; „
<br /> � (b)Exerclse any and all dghts provided for in any ot the Loan Instruments or by law upon occuaenae of any Event o1 � �-
<br />- � • Oefaui�and ' .. •
<br />_ • � � (C)Commence an actlon to toreclose this Deed ot Trust as a mortgage,appoint a recetver,or specificaliy enforce any oi the � •
<br /> ' covenants hereof. . "
<br /> ; No remedy herein conferred upon or reserved to Trustee or Lender is intended to be exclusive of any other remedy herein,in the Loan ..
<br /> , � � InsWmenLs or by law provided or pertnitted,but each shall be cumutative,shall be In addidon to evary other remedy given hereunder, :
<br /> ? In the Loan Instruments or now or hereafter exisNng at law or in equity or by statute,and may be exercised concurrentty,lndependentiy
<br /> � ' or succesively. . � �
<br /> 13.Trustee.The Trustee may resign at any Ume without puse,and Londer may at any time and without cause appolnt a su� ,
<br /> � cessor ar suDsUtufe Trustee.Trustee shall not be liabte to any party,Inctuding w(Wout IimitaUon Lender,Borrower,Tnistor or any pur- • .
<br /> •�'� , chaser of the Property,tor any toss or damage untess due to recktess or wi►Iful misconduct,and shall not be required to take any acUon
<br /> , • i in oonnection with the enforcement oi this Oeea of Trust untass indemnified,in writing,tor ail costs,compensaUon or expenses which
<br /> � may be associated therewith.in additlon,Trustee may become a purchaser at any sate oi the Property Qudicial or under the power o!
<br /> ' sale granted hereln);postpone the sale oi ail or eny porUon of the Property,as provided by law;or sell the Property as a whote,or in •
<br /> - � separate parcels w lots at Ttustee's discretion.
<br /> . ; 14.Fees and Expenses.In the event 1 rustee selts the Property by exercise oi power of sale.Trustee shall be entiUed to appty . '�,
<br /> 1 any sate praceeds first to payment ot aU costs and expenses oi exercising power of sate.inGuding afl Trustee's fees,and Lender's and
<br /> Trustee's attome�/s fees. actuaily incurred to extent permitted by applicabie taw.In the event Borrower or Trustor exercises any right
<br /> � j provlded by law to cure an Event ot Detaui�Lender shail be entiUed to recover from Trustor all costs and expenses actu3lty incurced as
<br /> ; -, , I a result oi Trustors default,intluding wftt�out limitation all Trustee s and attomey's fees,to the extent permitted by appNcable�aw. ..
<br /> ( 15.�uture Advances.Upon reguest of Borrower,Lender may, at its optlon,make additionat and future advances and read-
<br /> -.:� . � vances te Borrower.Such advances and readvances,wlth lnterest thereon,shall be secured by this Oeed ot Trust.At no time shaU the L ,
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