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<br /> � 7.Ecnirtent Qamaln.Lender is hereby assign9d 811 compeneation.awards,damag9s and other�a�imenis or r�elisl�f�Pf6fter . _, _.. _-_ -
<br /> �v.4,r.aadss^►in connectinn with eondamnaUOn or other taking af the Property o�partthereot,or tor conveyance in iieu af condemna- ,.
<br /> Uon.lender shait be entiUfld at Its opUan to commence,appear ir►and prosecute m ns own name ar.�rn,�:.,.�..�,.:""....a_.."'.:.,;-.=:� ,_ -
<br /> sha11 atso be entiUed to make any campromise nr settlement in eonnection with sucb taking or damage.In the event any portlon at • . , _ _
<br /> tha Propflrty is so taken or damaged,Lendar shatl have tha op�ian,in its sole and absolute discretion,to 8pply at1 sueh Proceeda, , ___
<br /> aRer deductlng theretrom ail costs and expenses incuRed Dy it in connecUon with such Proceed3,upon eny indebtedness secured • v
<br />• hereby and in such order as Lender may determine,or ta�pply sIl such Proceeds,after such doducticns,to the restoraUon of the .
<br /> •• Property upon such condiUons as Lender may datermina Any appilcadon of Pracesds to tndebtedness shali natextend or posi�one �
<br /> . the due date of any payments under the Note,or eure any default thereunder or hereunder.Any unapplled tunds shall be paid to . • �.
<br /> Trustor. -_ . . _
<br /> 8.Ps►tormana by L.and�:.Upon the occurrence at an Even+.of Detautt hereundar,or it any act is taken or legal proceeding _ •'t _ __
<br /> eommersced whtcA materieliy aNecb Lende�s interest in the Prog¢rty.Lender may in its own discretlon,but without obflgsdon to do , . . .
<br /> � so,and without notice to or demand upon Trustor and wfithout releasing T►ustor trom any obltgatlon,do any act whict�Trustor has . . ,
<br />,. � agreed but taits to do and may atso do any other act tt deems necessary ta protect ths securiry hereot Tn,astor shall,immediste.y , � �
<br /> upoof demand therefor by lender,pay to Lender all cosb and expenses incuRed and sums expended by Lender in oonnectlon wiUr _ _. _ _. , '�:
<br /> the exereise Dy Lender ai the toregoing riqhts,tagather with i�erestihereon at the defauit rate provided in Uee Nate,whlch shall tre • . �_ .y . --
<br /> ` addad te the indebtedness securad hereby. tender shall not tncur any liabitity because of anything it may do or omit w Qo :�.•'r: .E—
<br /> � hereunder. , .:;�`- ; .;?�.
<br /> 9.Harat�d�us�RataPliis-Truster�hall kQap the Properry M eompitance with all applica6te taws.ordinances and repulaUons .-_a'�.,.��;_,___ -
<br /> ��r refating to(ndu8Via1 trygiene or envircrtmer�ffif profecdon(coftectivety referred to herein as°Envtronmert8)Lews'1.Trustor ahalt •,' •'=..---�-.,-,_,-::
<br /> kee�the PropeRy iree from sil substatta3s deemedrn be hazardous ortox(e under any Environmenfa!Laws(caltsCt1v81Y relarre9 to ,' :��------�--.._ '
<br /> herein as"Ha�ardous Materia�s'�.Tnistar hern�y�.�rants and represents to Lender that there are no Hezardou9 MBtertels on or ;'"��`��°• T
<br /> t r . ,,,�.r-,�r,.,
<br /> underthe Property.Trustor hareby agrees to irtdcarrifp 2nd held h�.,-mtess lander.its directora etficers.emptoyees and eges�ts,end �. ;::�����.���-:
<br /> '.° any successore to Lender's interest fr��n asid eg�iret&rty►�d�it da(ms.damages,losses an d ttabilitie9 arising In eonnecf[ec�wit�f . . _--�----- ---
<br /> � tfie presence,use.disposal or trans�aet ef any hEar�cdous tlffis�ls or�,under,froen or�a��!ihe Propertyr.THE FOHC-�:Nt3 , ' g��=�-=._
<br /> Vyq4ipANTIES Al�iD REPRES�1TATf�,A�1(0 TRSJSPOR'S QEk1C�1T10NS PURSUANTT�Ti:�:�FOR�((i0tid0INDEMN(TY.�°IiALL .:„
<br /> 3URtlfVE RECANVEYANCE OF TFf[5�EED OF Tk?r.iST. �°,7 --
<br /> • �p, A�ipp�y�r►'►ai R�ntt,Tru�a�hereby essigns to Lender the rents,lssues and pro£�cf fhe Property,prov(ded that Tiustor ; �•��
<br /> � shali,un�Itheoccunen�ofanEr�r�tol0etaulthereunder.havethedghttocotiectandretain�chrentaissuesandpra9'itsasthey -��.--�;- ._—=-T
<br /> become due and payabla Upnn th¢�ccurrence of an Event of Detault,lender may,efither trr.�rson or by agent,with or wfihout • -�,�;{;F{-= ,� .-
<br /> bringing any sc4ion or proceedirt��r by a recelver appointad by a couR and without�egaec�rx the sdequacy of its securiry,enter • �`� � • b�
<br /> ' upon and take posse�slon o7 the Frrn�ariy,or any part ihereol.in its own name or in the name a��e Trustee.aed do any acb which ti ,�'n' :'�°-°-
<br /> c+T
<br /> � deemsnec�ssaryordesirabtetopreservethevatue,markeffibtiiryorrenfabiliryoftheProperry.oranypaRthereoiorinierestthere9n. °,f���� -. ,..+..�-
<br /> irtcrfase the income therefrom or protect the security hereof and,with or without taking possesston of tTa Properry,sue tor or z3��. .;>��"'°
<br />,a� r � ,s---,, �.:. ..
<br /> ` otherwise coitect the rents,issuas and profib thereof,inctuding those past dua and unpaid,and apph/the same,less cos3m and - ,z�
<br /> � expenses of operaUon and coftection inctudtrtg ottomeys'fees.u�an any indebtednasasecured hereby,all i�such orderaaP.�tQer
<br /> may def�rmine.The entedng upoa�nd taking possession of tho Property.t he co l le c t ion a f suc h ren t s,issuea and pro£��rd the i - �'; , �,::--
<br /> � applicelicn thereof as aforesaid�a��not cure or watve any de�utt or noUce of deisult hereunder or invalidate any edr dene in � s�'.
<br /> �, � responsato such d��ultor pu�suartto such noUce af Eetauft and notwtthsffindingthe conUnuance is�possesaion of the Proaerty or �#�>.� i t'`,: _-__
<br /> the cali8ction,rec�itil':L.*zd apDllcation oi rents,issues ot proflts,and Trustee and Lender shali be entitled to exerctse evary rtgM '� � �
<br /> providedfarin2cs��ai�tlse?:osnQocumen4sorbylawuponotcurcenceofanyfEveniofQetauttinduding�rithoutlimftationtherightto ���" � '�"�
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<br /> exercise the power C#�2Fa.Furthc.*..Lsnder's rights and eemedies under this paragraph shali be cumutaUve with,and in no way a . ',°,.`;�,��;';L;��
<br /> Iimitattcnon,Lendersrlghtsardrr•.n7c�MiesunderanyassignmentofteasesandrentsrecordedagainstthePiroperty.Lender,TrusLee : �F' � ' ¢,:5��- -
<br /> and tfta�ECeivar sha11 be liable ta�ur►t oniy those rents actuatly received. °� �3 r 4'��.'{�.'�it � `,'
<br /> _ 11. Ermb o!DalsidL The tollowing shall constiwte an Event of Qetault under this Dee�cst Trust �"j�.°� .
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<br /> ,.1 i a f Fail ure to p a y an y installment of principal or interest of any othar sum secured hereby when due: - �' �` �' z"`•• :_;_=
<br /> (b)AbreachofordetaultunderanyprovisioncontainedintheNote,thisDeedo}Trugt,anyofthef�..nOecuments,orarry �' -�'�� "-�_:=
<br /> other lian or encumbrance upon the PropeRY: �_--�
<br />. - :�j�:.�.y;at r„r,^,t;H�s!p18�4C�m9nt Ot Q►ty Slm4lB!prOC@49 9h911 he 9ntArwd against Tn�sto►wh(ch shall becomeaSien an — ___ -
<br /> � the I?rCperty or any portion thereof or fnterest theretn; �� �•�-�
<br /> � (�There shall bg fited by or agalnst Truator or Borrower an actlon under any present or future(ederal,a�5�ce other ri,,, _ -
<br /> • sta:�.�e,law cr n�guiatlon relaUng to bankruptcy,insolvancy or othet refiet tor debtors;or there shall be appointed any uustae, � .
<br /> , receiver or Qc�r�irt�tor of Trustor or Borrower or of all or any paA o}the Property.or the rents,issues or proflta thereot,or Trustor - �' �
<br /> � . . _.,1:�_,:
<br /> or EaRawe¢��1:make any goneral esstgnment for the benafit of creditors; � •
<br /> � (3)Tha�sa:a,transter,lease,assipnman�conveyance or turther encumbrance of e11 or any paR of or any intere9t in the �,t.�,
<br /> ''? Rnz�:erty,either voluntarify¢. invotuntartty,without tha express written consent of lrcr-�er, provided that Trustor aha11 be
<br /> � pernitted to executea lease dr�Me Property that does not contain an option to purchase saC the term o1 vfiich Qoes ootexeeed �� °v:.�rs '' '
<br /> � one year.' L;::��,.�.��-
<br /> . (Q Abandonment o?the Property,or ��'' `
<br /> (g)N Trustor is not an individual,the issuance,sate.transfer,assignment conveyance or encumbrT�noa of more than a totat �?`/�.,:
<br /> Y+�t:'- -
<br /> ���. —.._
<br /> • ot..---percent of p}e corporatlon)its issued and outsfanding stock or(if a partnership)a total of percent o1 • �:;�;.�=4°
<br /> ` : p9rtnership Intereste d�ir(ng tne pedod this Oeed of Trust remains a lien on the Property. , . ' ,._ �_
<br /> � � . 12, R�m�dt�A�ra4lon Upon D�ut7.In the event o}any Event of Default Lender may,without noUce except as required by -
<br /> law,daclare all i»d.�Sedness secured heroby to be due and payable and the same ahail thereupon become due and payable t _
<br /> " withau3 eny pres�rtm+snt demand,protest or noUce ot any klnd.Thereafter Lender may.
<br /> . (a)Demar,d that Trustee exercise the POWER OF SALE granted herein,and Trustee shall thereafter cause Trustora :. . �'�
<br /> �m�rast in the ProFerty to bo�old end the proceeds to be Qistributed,a11 in the manne*�royldes!In the Nebraske Tnist DeeQs �ti�^.--.�,. .
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<br /> ' (D) Exerci�r:=nyandaunghtsprovided!orinanyoftheLoanQocumentsorbylawuponoccurrenceolanyEventof08fau1� �.»,-..:_
<br /> • �d '���c:��S3T4Vi..i
<br /> 4 4�i...�'."___.
<br /> (c) Com.m•u-ce�an acrion to(oreclose this peed of Trust as a mortgage.appoi�t a receiver,or speciflcalty enforce any of tAe -�.,+�,..�3' _____.;�u,..
<br /> � �^r:�-
<br /> mvenants hereaQ. ..-:..'�R�'_..-.: '�,V
<br /> No rr:mcdy herein conferred upon or reserved to Trustee or Lender is intended to be exciusive of any other remedy herein,in the � � �• �'
<br /> Laan Oocuments or by law provided or permitted,but each shall be cumulative.shall ba in Addition to evary ather rerrted�given -� ���'���"� � ��'r
<br /> �'•�'�''i.���L�J�,kyTr=zx-
<br /> . herC-+inder,in the Loan Oocumen�or now or hereatter existing at law or in equity or by statute,end may be exerCised canrarrrsnUy, ••• - �;;- �
<br /> i:eQependentty or successtvety. '������.
<br /> ". 13.Truttp.The Trustee may resign at any time without cause,and Lender may at any time and without cause appoint e . —
<br /> Successor or substitute Trustee.Trustee shall not be liable to any paRy,ineiuding without limitation Lender,Bonower.Trustor or any , ._
<br />. ' purchasar of t11e Property,tor any loss or damage unless due to recicless or willtul misconduct and shali not be requi�ed to take any � .
<br /> action in conneation wilh the enforcement ot this Ooed ot Trost untess indemMlled,in writlng,for ali costs,compent�ation or • � �r•
<br /> � expensss which may be asseciated therewith.In addiUOn,Trustee may become a purchaser at any sale of the Property Qudiciel or . • � -
<br /> under the power of sale granted herein);postpone the sate of ail or any portion of the Properly,as provided by law:or Setl the • �
<br /> Property as a whole,or�n separate parceis or tots at Trustee's discretlon.
<br /> . 14. FN�and Exp�nsel.tn the event Trustea setls the Property by exercise ot power of sate,T►ustee shatl be entiUed to appiy . �
<br /> any safe proceeds tirst to payment o1 atl casts and expenses of exercising pov�er of sele,including r�il Trustes's fees,and Lender'e _
<br /> and Trustee's attornoy's fees.actually incurred to extent permitted by applicabte law In the ovant Borrower or Trustor exercisos any �
<br /> right provlded by lew to cure an Event ot Oefautt,Lender shall be entiUed to recover from Trustor all costs and expenses actually �
<br /> incurred a9 a result of Trustor's defaul�inctuding v�ithout limitation aIl Trustee's and attorney's fees,to the ex4enl permitted by : , __
<br /> applicabte law � '
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