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<br /> A :''1•,-'.>•..,:_
<br />, `P�sds'in connectlon evith cort$amnailon or other taldng of tha Prop�rty or part thereot,or fo�n�nOl�e o�emna�oa �, ``���:___
<br /> < Londer sha[I bs entiiF�d at its oAUon to cerr�mert�,e.pAear in and pro5ecute in its ovm rtame any actk,n or pr���n�-�,��!!� �,.` "� .�`--
<br /> :� tra entitlad to make any corr�romiss or settlemes�t in connection with such talcing or damage.tn the event any partlon of the Property i� :`�`�.`
<br /> so taken or damaged.Leader shatl hava the o�Uon in its sote a�?d ahsotute discrettcn,W appry all sucl�9roceeds, efier deducL'vg ,`�
<br />_ - GtafBtrOm 8ii Casts and exgansey atcurt�ii iry ii bl�h3+'i��os,"2�iti��sCl:°• ^'"' :5�,-"t=^•;i"�O t-�j!?S�r.�atrcxl hwrahv�!�t a:a�h s�.—; —
<br /> ` .��:
<br /> orde�as Le�dar may dat�rtnine,or to appSy aU such Proceeds.8fter such deducUoas,to the restora�on oi tho Rroperty u�sueh cort ' � �r• .' r�
<br /> ditions as LenEer may deiertn(ne.My applicatian of Proc�eds to indebtedne..QS shall not extend or postpone the 6ne date of arry pay- , . . � -
<br />� menis under the No2e,or cure any default thereunder or hereunder.My unapplisd tunds shail bs pa�d to Trustor. ; . ___
<br /> 8. Partorman�e by�endar.Upon the oxurrenoe of an Event of Dotault hereunder,or ff any acc is ta.ken ar tegal proceeding • . • , •_'
<br /> �� oommencad whlch matsrialry aNects Lender's inierest in the Property.Lender may in i4s oLm discreSian,but vufthout ob!igatica►to c!o so, . . `
<br /> and witfitout nptice to or datinand upan Trustor and without retaasing Trustor trom any obligation,do any act which Trustor hes agreed . . . `
<br />- but faile�to do and may also do any other act it deams necessary to proiect the security haresf.Trustor shafl,imrrtediately upon � � ' _
<br />- dsmand theretor by Lendar,pay ta Lender all oosts and expense.a incurred and sums expended by Lender in connec�on with the exer- �,_
<br /> cise by Lendar o}the t¢rego9ng rights.togathsr vdth in4eresi Ynereon at the defataft rate pravided in the�:ato.L��te shaU bs e�ed to ° � ----,.— -�- -
<br /> the indsbtedness secured hereby.Lender shali not irtcur any lisbitity because of anything it may do or omit to do hereund�r. ; . _
<br /> 9.Hazatdou��Aatert0b.Ttustor shall ksep the Properry in oompliance with all appticable laws,or6inances and fegulations -
<br /> relating to industrial hygtane or envlronm$ntal prote�Han(caitectively refarred to here�n as'Er►viranmental Lsws').Trustor sha11 keep , .� .� , _� ... `� ��
<br /> the Prpper4y free irom atl substances deemed to be hazardous or toxEc�rtdar any Envtronmer�l Laws(collectivvaty reterred to herein - ., .. , �
<br /> ' as`ttarardous Matedals�.Trustot heteby�varcanis artd represents to Lender tteat th,era are no Hazartious Mate�ials on or under the . �'� �;�•_-�•
<br /> PropeRy.Trustor hereby agreas to indemnify and hold harmtess Lender,its drectors,offrcers,emptoyees and agents,artd any sua�s- - , }', xy . _. �.-
<br /> sors to Lende�a irrterast.lrom end epainst anj►ard atl clatms,damages.tosses and liabitities arising in oonnectio�wllh t1�o Presence. _ --
<br /> use.�isposal or transpoR ot any Hazaldous Materiafs on,undsr,from ar about the Property.THE POAEt301Nti'WARRANTIE3 MtD �� �°.-
<br /> REPRESENTATIONS,AND TRUSTOA'S OBLICaAT10NS PURSUANT TO THE FOREGOfP1G INDEMNIYY. SHALL SURVIVE • .��' ,'"*'' F':
<br /> RECONVEYMtCE OF TH{S DEED OF TRUST_ - �T"� -�.
<br /> •; 10.AsslgnYnants ot ReMs.Trustar hereby assigns to Lender.and grants Lender a security ir�terest in,a!I prasen�tuture and � �s�.�,;:.�: "
<br /> • after arising ran�,issues and profits of the Property:provided that Trustor shall,untif fhe occurtence of an Ever�t of Defaufl,hereunder, �k---
<br /> � have the right to collect and retain such rer�,issues and proftis as they beoome due and payable.Upon the oawrrenoe ot an Event of ��*�,�a,,,,.�—
<br /> Defaul�Lender may,either in person or by agent with or without bringing ar►y action or proceeding,or by a receiver appointed by a •�`='-=
<br />• ''.`;_'--
<br /> couR and wfthout regard to tha adequacy of its security.enter upon and rice posssssion of the PropeRy.or any paR thereaf,in ifs own •�•r. _ ,� .. __
<br /> _ nama or in tfie namo oi the Trustee.and do any acts which it deems nece.s�►ar desirabte to preserve the vatue,marketability or , �-
<br /> • 'l1ti.:�__
<br /> rentability of the Property,or any pad thereof or interest therein,or to Increase ths i�ocr�e therefrom or protect the security hereol and. ,,•�';�__,
<br /> • virth or without taking pos..asston of the Property,sue tor or ot�herw(ss coUect the rerrts,issues and profits thereot,induding those past ;•..�;�•.:` " '�:���•
<br /> due and unpai�,by notHyring tenants to make payments to Lender.Lender may appty rents,issues and profi4s,less oosb and expens- : Y, � � . �-�:^_
<br /> es of operation and caltectlon inciuding attameys fees,to any indebte�ess secured hereby,ali(n such order as Lender may deter- �t' �
<br /> _ mine.The entedng upon an d ffi k Jrtg possess ion o f t h e P r o p e ri y,t fi e o o i l e c c t i�o n o f s u c fi r e n t s,i s s u e s a n d p ro f i t s,e n d t h e e p R l�a t l o n ' �°
<br /> e
<br /> ;' � thereof as aforesald shall not cure or waive any default cf notice of defauit hereun�er or irnalidate any act done in response to such - '
<br /> • datauit or pursuant to such noUce of delsuR and, not�dtf�tanding the conUnuartc�ir.,possession of ttie property or the oollecdon, :,.� ;.,?.:
<br /> . c,eceipi and application of rents,fssuss or profits,Trustee��d Lender_t�al1 tse entitt�3 to exercise evary�ight pravided for in any of the '�•��•
<br /> Loan Insfinnents or by lar+v upon occunence of any Event of Oetautt,ic,r�riartg wi1!►out QmitaUon the Aght to exerdse trie power c3 safe. fi
<br /> • Furthe�,Le��s dght�and remedies unQer Uiis paragraph shall be cu.^a.rti:ve with,and in no way a AmitaUon on,Lende�s R��nd ; . ..,_..:`i f�; �,-
<br /> � reme4i��arty assign�errt of lease�and�ents recorded against�r�C'ropeRy.Lender.Yrustes and the receiver shall be(:�r'�� , =
<br /> • account o:�,��r those ren5 sswaliy received. `��"'�"�<.,�; . :.-.-..
<br /> � 11.�nta of Ostaui�.The toitowing sfiall oonstltute an Event of Defauit urtd[-��is Deed of Trust ���` + . �r s;� , '-�"
<br /> � (aj E�-�;ture to pay any installment of pdncipal or interest of any other sum sacured hereby vfien due; �f., j�:,.:. �-
<br /> �}/�5reach of or delauh undec mayr pmvisian contained in the Note,this Deed of Tnist,any of the Loan instrumems,cc any �:� ,;•;t�: ;�,,�°�;;
<br />= oth2r Ura�or en�umbrence upon the Propeily: `�'�'�•'
<br /> .. (c)A writ of execuUon or attachment or any similar process shaU be entered against Trustor which sha11 become a lien on �` `•-�•1��%"
<br /> the Pmperty or any portion thereof or interest therein; ,:;. ., ::-�`,�;:
<br /> • (�There sha11 be filed by or agalnst Tn�stor or Borrower an action under any prasent or tuture federal,state or other�atute, c�. '• ..I,,::
<br /> taw e�r cggulation relatlng to bankruptcy.insotvency or other relief for debtors;or thece shali 6e appointed any trustee,re�iver or
<br /> liqui�c ot Trustor or Borrower or of e1i or any part o!the Prope�,�,or the cents,issues or profiffi thereof.or Trustor ar 6r,u�cener ° -.�:�='•�
<br /> shall m:�e arry general assl9nment for the benefd of creditors: ��._;��.,_.,LL���.
<br />. � (e)The sate,transtar,tease,ass(gnmeM,oonveysnce or further encumbrance of all or any part of or any Mterest�the ;�;� --d _
<br /> ` �� Pcoperty.e�ther vofunmr(ly or imroiuntarily,wiihout the express written wrtse�r ad Lender,provlded ffiat Trustor shail be pertn(t• � ����:
<br /> tt ""�',•�:::.�
<br /> ted to execute a lease of the Propar�/that does not contain an option to pu�.�m°and the tertn of which does rrot eac�ed one ����.'�^�-~�-
<br /> ve� ,,�`��.
<br /> (f�l�andonmerrt o!the PropeRy;or �,.�,>.,�,,,.-
<br /> • (c�94 Trustor is not an individual,the issuance,sate,transfer,esslgnrczES3,conveyartce c�r encumbrance of more G�n[it a �_��,�:�.,,
<br /> � oorpnrat?on)a Wtal of per�cent of ita issued and outstanding stae2c,or(if a paMershlp)a totel of per- .-
<br /> ► cent of paitr�ershi�interests,or(it a limited Ilability company)a total o! percent of the limfted Nability oompa- _ -„�.TM '��
<br /> ,.,- .� ny inierests or votlng dghts dudng the perfod this Deed of Tn�st remalns a lien on the property. � ,j�y;�a��.-:
<br /> � .� 12.�dfes;Accde�ation Upar potaulL In the event ot any Event of Deisult Lender may,without no8ce except as re�utred .:. - _ -
<br /> by taw.dectare alt indebtedness secured herebyto be due and payabte and the same shal!thereupon hscome due and paya�h v�iUr �__��.
<br />' ' " out any presentrnent,demand,protest or notice ol any kind.Thereafter Lender may: �`'�� .l _
<br /> �' ��� (a)Demand that Trustee exercise the POWER OF SALE granted herein,and Trustee shall thereafter cause Trustofs Inter- �,��;,�,�
<br /> � ' est in the Piroperiy to be sold and the prooeeds to be dlstributed,all in the m�ner provldud in the Nebraska Trust Deeds Ac� . �•-_ _ _
<br /> • .� (b)Exercise any and atl rights provlded tor in any ot the Loan Instrum�;�te or by Iaw upon occurrence of any Ever.i ot =
<br /> : .� Oetautx estd •� ,•.�.� ..,.' • - -_
<br />;:�� (c)Commence an acUon to torectose thla Dee d o i Trust es��re�4gage.appo l n t a re c e h►e r,or s p eciftcal l y enfcr�cB��,y�fi the ��.�. �t�•'. � .
<br /> ' � covenantshereot. "_=�"'"s,;%�'�a , _._,
<br /> � r. .
<br /> No romedy hereln oonferred upon or reserved toTrustee or Lender is ir.:ended to be exclusive of any other rorrtedy herein,in Me Loan ���"
<br /> tnsbuments or by law provlded or permittad,but each eha!be cumutaUva,shall tre iea addiUon to every o�er rerire�y ghran hereunder. � •�.
<br /> '� in the Loan tnstrumenis or now or hereafter existing at ta�or in equity ot by staMe,and may be exerctsed concurrentty,IndependenUy � -
<br /> .. :::,;S':
<br /> •� Oi SUCCBSIV@Iy. '�� —
<br /> � 13.Trusts�.The Trustee may rosign at eny time witfwul cause,and Lender may at eny time and without cause appolnt a suo- .�'y ��.,,�....
<br /> ` cessor or substiMe Trusiee.Trustee shall not be tiabla to any paAy.inctuding without IlmitaUon Lender.Borrowar,TrusWr or any pur- '•''.'=�'�'"• . •
<br /> • .:j chassr o!19�e Property,for any toss or damago unless due to reckless or williul rtdsconduct,and shall not be required ro take any actlon • • • . •
<br /> in connacUon witA the enforoemen4 of thria Daed oi Trust unless Indemnified,in writing,tor all costs,compensaUon or e�enses wh1cA
<br /> may be assoclated therewlth.ln addiUon,Trustoe may beoome e purchaser at any sate of the PropoRy Qudicial or under the powar of .
<br /> s�ile grar�d herein);postpone the saie of all or any pordon of the Properly,as provided by lavr,or seil the Property as a whote,or in —
<br />- . separate patcets or tots ai T►ustea's discreUon. _
<br /> 14.Fies and Eupenaas.In the event Trustee selis the Prope�ry by exercise of power ot sate,Trustee sha0 be enUUed to npply � �.
<br /> any sate proceeds flrst to payment of all oosis and oxpenses of exercising paxer o!sale,lncluding a11 Trustee's tees,end Lendsfs and
<br /> Trustea's attomey"s tees, actualty inCURed tn eztent parmitted by applicable law.In the evant Borrowar or Trustor exeroises any right �
<br /> provided by law to cure an Event of�et�uit,Lender shail be entitled to reoover irom Trustor all costs and expenses actuatty incurred es �
<br /> : a resutt of Trustors datauit,including without limiffitlon all Trustee's and attome�s tees,to the extent permitted by applicabte taw. '�_-�
<br /> � �. 15.Future Advancera.Upon request o1 Bortower,Lender may,a!its opUon,make additionai and tuture advances and read- � . ,
<br /> vances to Borrowar.Such advances and readvances,with intere�t thereon,shall be secured by this Deed of Trust.At no time shail the .
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