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<br /> - -- '��ds���u�te C�tQemnation or�Mer taking ot the Pro�eRy or paR thereoi.or tor canveyanee in lieo af condemrtatloai. °.
<br /> • ��'"•� LenQer shati bs entiUsd et its optlon to oommeno9,eppear in and prosocuis In its otim name anp acuon ar proceedmc,�.es'�i�tt at"aa -:.
<br /> � bs entiUed to make any wmpromise or setttement In connection w(tri such taking or damage.in 4he event any po�tiop af fhe RropeRy is —�-�- . _�
<br /> ` " � ' ' so t�ken or Aamaged.Lender shafl have tho opUon in its sote anQ absatute discretio+i.to appty e!1 such procaeds, after deduding �,°.�
<br /> � ' � ` � lherefrom atl onsts and expenses incuRea by it(n oanne�ion w(th suCh Proceeds.apon any indebtedness secure0 hereby and in sud� ,' �,• <
<br /> � � � order as Lendes ma y datermine,or to aPPty all sucA Praeeeds.after such deducdons,to the restoredon ot the PropeRy upon sueh oore- �;:•�t�. _-
<br /> ' � � ' Aitions as Lender may detennine.Arty appGcation oi Proceeds to indebtedness shall not e�dend or postpone Ihe due date o f any pa�F- �, ,..
<br /> . merrts under the Note,or cure any detautt thereunder or hereunder.My unappUed funds shati be paid to Trustor. ;�.,��;
<br /> ` ` g,pertermane�by Lender.Upon the oxuaenoe of an Event of Oefauit hereunder,or if any act is taken or tegal pmoeeding _ r� ;,�:
<br /> wmmenced which materiatiy aftects Lenders irtterest in the Property.Lender may in its own discretion,but withoat obligation to do so. _ •
<br /> and withaut notice to or demand upon Trustor and wrthout releasing Tnistnr from any obligaWn,do any ad which Trustor has agreed
<br /> ��`� but faiied tu do and may also do any other ad it deems necessary to protect the security hereof.Trustar shail,immediately upon
<br /> °L�����1� demand thereiao by L�.paY to lendet aU costs and expenses incumed and sums expended by LenQer in oonnecHon witb the exer- _
<br /> . •. cise by Lender of the foregoing rights.tngether wii�interest thereon ai the defauR rate provlded in the tVote,which sirail be added� �. ;�.:" �
<br /> � ' U�e indebtedness secured hereby.Lender shall not incur arry liabiliry because of anything it may do or omit to de hereunder.
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<br /> -_ � .�: 9.Hazardous Materials.Trustor shail keep the Property in compliance with alf applicable laws.ordinances and regWatlons •
<br /> - reNating to industrial hygiene or environmental ptotecfion(colledively referted to herein as'Emifronmental Laws7.Trusinr shall keep
<br /> � � �' the Properiy free trom all substances desmed to be hazardous or Wxia under any Environmental Laws(collectivel�refeered to hetein
<br /> � `•.�'. as•Hazardous Materiais'-Trustor hereby warrants and re�resents tu Lender that there ace no Hazatdous Materiais on or under tha .�.1
<br /> - � = Properry.Trtistor here6y agrees to indemnify and hotd harmtess Lender,its diractors,officers,employees and agents,and any su� ,,�w:-
<br />-`� `� sors tn Lenders interest,from a�d against any and all daims.damages,losses and tia6ilttles arising in connection witA the presence. " ,� =_
<br /> ' ' use,disposat or transpoR of arry Hazardous Matedals on,under,from or about the Property.THE FOREGOING WARRANTIES AND � .
<br /> � � t ' REPRESENTATIONS.ANO TRUSTOR'S 08UGATIONS PURSUANT TO 7HE FOREGOING tNDEMNITY,SHALL SURVIVE ;: "•
<br /> � RECpM/EYANCE OF TtilS DEED OF TRUST. ''��-�
<br /> •:��-��� 10.Assignment of Rents.Tn�stnr hereby assigns tu Lender and grants Lender a securiry interest in,a!1 presenl,f u t ure and _-.
<br /> . <'=' after arising rents,issues and profits of the PropeRy:pro�ded that Trustor shall,unU'1 the occurrence of an Event of Defauit,hereunder, , . _
<br /> � have the right to coltect and retain such rents.issues and profits as they become due and payable.Upon the occurrence oi an Everit ai ��.�����_
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<br /> ' � QefaWt,Lender may,either in person or by agent,with or without bringing any acUon or proceeding,or by a receiver appotnted by a ..:_x�?i.:'
<br /> °`'`: couR and wiEhout regard to the adequacy of its secudty,enter upon and take possession of the Property,or any part thereof,in ib ouvn _
<br /> - ,��'�� name or in the name of the Trustee,and 6o any acts whtch it deems necessary or desirabte to preserve iha walue,marRetability or _ � �-_,.._
<br /> ,�� �• � rentab1ity of ths Property,or any part thereof or interest therein,or ro increase the income thereirom or pr�nted the security hereof and, �:, ;�;�,°_:
<br /> ;.. � ,�; �: with or witho�t taking possessian of the Property,sue for or otherwise cotlect the rents,issues and profits thereof,induding those past �'�_
<br /> � � , due and unpaid,by notifying tenants to make payments to l.ender.Lender may apply rents,issues and profits,less�and expens. ,;r,,�:,,`�:_
<br /> , - • k..,•�� es of opera6on and cotlection includtng attomey's fees,W any indebtedness secured hereby,all in such arder as Lender may deter- ,, ::- _,
<br /> . mine.Tha entedng upon and taking possession of the Property.the co�iectlon of such rents,issues and profifs.and the appiic�tion .,;;��;�
<br /> : �_.
<br /> � � thereof as aforesaid shail not cure or waive any defauit or noUce of default hereunder or invalfdate any ad done in[esponse to such _. �r
<br /> � ' defautt or pursuant to such nofice of default and, notwithstanding the conGnuance in possession of the pmpeRy or the wltedion, `;',.:sn� ._
<br /> �'''` . receipt and appitcation M rents,issues or profits,Trustee and Lender shatl be enUUed to exercise every right provided for in any of the . ,i.l_,y�
<br /> �•''{ �, Loan Instruments or by Iaw upon occuRence of any Event of Defautt,including without limitation the right tb exe�ise the pawer of sate. :;`�_
<br /> � FuRher,lenders nghts and remedies under this paragraph shafl be cumulatIve with,and in no way a IimitaUon on,Lendefs�ights and :•:;;�
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<br /> � � ;��, remedies under any assignment of leases and rents recarded against the Properiy.Lender,Trustee and the receiver shail be tiabte to • � :�_,
<br /> • . ..: account only for those rents actualty reoeived. ;=
<br /> � ` � 11.Everits of Default The foltowing shail consUtute an Event ot Oefautt under this Deed of Trust .-
<br /> •'s,< � � (a)Faiiure to pay any instaliment of pr(ncipat or interest or any other sum secured hereby when due: ;�
<br /> - ��- ��!'-' (b)A breach of or detault under any prov(sion comalned in the Note,this Deed of Trust,any of the Loan tnstruments.or any � __
<br /> • � '•� other Iien or encumbrance upon the Proparly: '"��
<br /> . � • � (c)A writ of execution or attachment or any simiiar process shall be entered against Trustor which shail become a lien on . ;�,'��.�.
<br /> � ' the Properly or any po�ian thereot or interest therein; -
<br /> •. ..• ' (d)There shail be filed by or against TnisWr or Borrower an action under any present or future federal,state or otfier statute, _-
<br /> • ' taw or regulation retaUng to bankruptcy,insotvency or other retiet for debtors:or there shati Oe appointed any Wstae,receiver or =
<br /> , tlqutQaWr ot Trustor or Borrower or oi ail or any paR of the Property,or the rents,issues or profits thereot,or Trustor or Borrower
<br /> �;,�� � • shall make any generel assignment for the benefit oi creditors: i
<br /> . � (e)The sale,hansfer,lease,assignment,conveyance or fuMer encumbrance ot ail or any paR ot or any interest 1n tfie :� �
<br /> � Proporiy,elther volunterity or imoluntarity wiihout the express written consent oi Lender,provideA that trustot shalt be pertnit-
<br /> � ` ted to execute a tease of the PropeRy that does not contain an opUon w purchase and the tenn oi which does not exceeA one
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<br /> ` . .. � ' year. ,
<br />' ' ' � (�Abandonment of the Properly;or
<br /> �"� � (g)ii Trustor is not an indtvidual,the issuance,sale,transfer,assignment,conveyance or encumbrance oi more than(if a
<br /> . eorporatlon)a Wial oi percent oi its issued and outstanding stock,or(It a partnership)a total oi per- .
<br /> �,-=r�. . � cent of paRnership interests,or(if a Ilmited liability company)a total of percent o1 the limited Iiabiiily compa-
<br /> .��a • � ' ny interests or voting dghts during the period this Oeed of Trust remains a lien on ths property. �
<br /> •; � 12.Remedies;Aueleration Upon Detauit!n the event of any EveM oi Detautt Lender may,withaut notice except as required
<br /> • . ' � by taw,dectare ai!indebtedness secured hereby to 6e due and payable and the same shall thereupon become due and payable with-
<br /> ..:'t � out any presentment,demand,protest or notice oi any kind.Thereafter Lender may:
<br /> � (a)Demand that Trustee exercise the POWER OF SALE granted heretn,and Trustee shall thereafter quse Trustors intet-
<br /> � ' est in the Property to be sold and lhe proceeds to be disVibuted,all In the manner provided in the Nebraska Trust Deeds Act;
<br /> ' ' (b)Exercise any and all rights provlded for in any o1 tha Loan instruments or by law upon occurrence oi any Event oi
<br /> � Defauit;and
<br /> , � (c)Commence an action to toreciose this Q�ed of Trust as a mortgage,appoint a receiver,or specifically enforce any o1 the .
<br /> � • covanants hereol.
<br /> • . No remedy herein conferred upon or reserved to Trustee or Lender Is intended to be exGusive o!any other remedy hereln,in the Loan
<br /> • Ins4ruments or by law provlded or permitted,but each shall be cumulaUve,shall be in addition to every oiher remedy given hereunder,
<br /> ' in the Loan InsUuments or now or hereafter existing at Iaw or in equity or by statute,and may be exercised concurrentty,independenUy
<br /> � or succesivery.
<br /> _ 13.Trustee.The Trustee may rasign at any Gme without cause,and Lsnder may at any time and without cause appoint a suo- .
<br /> ' � � cessnr or substitute Trustee.Trustee shall not be liable to any party,inGuding without Nmitation Lender,8orrower,Trustor or any pur-
<br /> chaser of the Property.for any loss or damage untess due to recktess or wilitul misconduct,and shail not tre required to take any action
<br /> • + in connection with the entorcement oi this Oeed of Trust untess lndemn�ed,in writing,tor all costs,compensaUon or expenses which
<br /> • . � � may be assoclated therewith.In addition,Trustes may bewme a purctiaser at any sale ot the Property(judicial or under the powar oi
<br /> sale granted herein};postpone the sate oi all or any portion of the Property,as provided by law;or seil the Property as a whole,or in
<br /> .;'� ' • separate parcels or lots at Trustee's discretion. - •
<br /> • �' � 14.Fees and Expenses.In the event Trustee selis the Property by exercise oi power ot sale,Trustee shall be entitled to aApty
<br /> •'�' . • i any sale proceeds first to payment of all costs and expenses of exerclsing power of sate.lnciuding all Trustee's fees,and LendePs and •
<br /> �.�:_r � � Trustee's attomey's tees, actualiy incurred to extent pertnitted by appticable law.In the event Borrower or Tnistor exercises any right
<br /> � provlded by law to cure an Event ot Detauit,Lertder shail be eMitled to recover from Trustor all costs and expenses actually incurred as
<br /> � � a result ot Trustor's defauit,including without timitation ail Trustee's and attomey's fees,to the extent pertnitted by applipble law. •
<br /> � . � ; 15. Fu4ure Advances. Upon request oi Borrower,Lender may,at its opiion,make additional and tuture advances and read-
<br /> .`�;,."� -� - � •� vanc�to 8orrower.Such advances ar.8 r;,�vanr.es.ilitt:interest thereon.shatl be secured by this Deed of Trust.At no time ahall ffie .
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