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<br /> ' 'Prpceads)in conneCtton with candemnaUon or other taking of!hs Pruperty or part thareof,ar for conveyance in Iieu of condamnaUon. : - __-
<br /> Lender sha11 be entitted at its oRtion to commsnce,ap�ear(n and prosawte in�ts ou�rn rtame any acCon or prace�dinga,and shall 21so , � . • _
<br /> , =� ta oatiIlC�d to mak8 any compromise or setttemerd in eannection wtth such taidrtg ar damage. In the s�,tent any poRian of the Praperty is . �-._
<br /> d a alI such pro�ds, after d�ducling ` ••.
<br /> � s o s a k e n o r d a m a g e� L E n o S e r s h a 1 1 h a w�t t t�o p tl o t t t c t[b..t�l�s e n t!e b V o tute disaetion,te a.Q P f Y ---.-- -_ -r-:- -
<br /> thawfrom ell oosts and expsnsas incurred by it in oonnecUoa urilh such P�eeds.upon any inde�tedness secured hereby and in s u c h , V-�-
<br /> • erder as LsnQar may determine.or to apAly ait such Proceeds.afts�such daducttuns.to the restoration oi the Proporry upan such con- ` `. ' . _
<br /> �itions as Lsnder may determine.Any application ot Praoeeds ro indabisdness shall reot ext�nd or postpona the dua date of any pay- .
<br /> . .� rrter►is under trie Note,or cure any detault thereunder or hereunder.My unappAad funds shall be paid to Tnistoc , . .
<br /> g,p�rtorrnanco b�,r LendeP.Upon ths ox�rrersce of an Eveni ot Detault hareurrJer, or if any act is taken or lagal proceeding . • ,, y . .
<br /> .., comm2nced v+filCh mateda{ty aifects Lendera Int�rest in tha Proparty.Lender may in its ovm�iscretion,bui�nritfiout obligatlun to do so. � ,
<br /> and�vithout rtotice w or demartd upon Trustor and withoul reteasing Trustor trorn any obligation. do er►y act wtsich Trustor rnas a�eed - ` "�
<br /> but faited to do and may afso do a�y ottter ec1 it deems necessary to protect ths securfty hereof.Trustor shali, imrRediatety upon ., . • .
<br /> - - dgmand t�erafor by Lsnd:r,psY La l.e�sr e!!casts end exgenses incurred and s+dns expended by Lender in oonner.DOn with tha exer• - ` ---- `
<br />. cise by Lender of the tor2going dgtds,togather witl►interest thereon at ihe�3i�ae.'t rate providad in�hY.�,►�Adct+s►►all be eddad to . • • "- ` r:_;-
<br /> • tfie indebtedness sc;cured hereby.Lendar shall not inc�r any liability because af anyoning it may da or o:n�t ta do here�utder. , f. �,".,-��
<br /> 9.Hazerdoua 11abrUli.Trustor shall kee�the ProAerty in compliance tirith all appticaR�te laws,ordinanc�s�u►� ra9utatkns .
<br /> relaNng ta indusVial hygiene or envlronrr�t�ta1 protection(coUectivety referred 4a herein as°Envinnnmental laws'?.Tn�stor st�al Iceep . � •�=
<br /> tfle?raperty fres tram all substances deemed to bs ha:aiQous or toxic under any IEnvironmenffi!le�vs(oQltectivaly retoiresi to herein --�:;�t:^•`.--':::
<br /> • ss'Flazardous Materiats�.Tn�stor hereby warranis and represerns to Lender that there are no Hazerdous Materiats on or under tha ,.• .4;��;,
<br />• Properiy.Tnistnr hereby agrees to in�amniiy and haM hartnlass Lender.its directois,otficers,employeas and agents,and any&ucces� • �k .-v- _----__
<br /> • sore to Lende�s tntsrast.hcm and eSainst anl►et►d e11 ctaims.damagas.losses end!'�abiti4ies arising in oonnection w(th the presenoe. _.., -
<br /> use,dlsposa!or transport of any Hazardous Rlateriats an,wvder,from or ebout ihe Property.THE FORE(iO11Vti WARHAAlUJTIES�1D :_ �.�:;- ,
<br /> REPRESENTATIONS,AND TRUSTOR'S OBUGATIONS PURSUAPlT TO THE FORE(301NG INDEMNITY. SHALL SURVIUE . ;.�. -�
<br /> •.' RECOMIEYANCE Of TH{S DEEO OF TRU3T. �_ --�rt �
<br /> A' � < - �
<br /> 10.AsslQnrr�nts o!Rents.Tr�stor hereby assigns to lender.and grants Lender a sectirity interest in.et!present,fuhire and �,,�.,�,,�,,:�-,
<br /> ' afier arising rents,issues and profits of the Pruperty:provlded lhst T�r shall,until the oa:urtenoe a}en Event of Defauti.hereundar. : �� _
<br /> have the ri�t to coltect arzd retBin such rents,issues and profits as they beoome due and payabte.Upon the oa;urrer�ce of an Erent of , .:- _ ' __
<br /> � Defautt,Lsnder may,efther in person or by agent,with or without bringing any action or proceeding,or by a receiver appointed by a ��"� �-�::.�;_
<br /> •� caurt and witttout regard to the adequatiy of its security.enter upon and take possassion of the Properiy.or any paR theceot,in its own 1;�i.t` ., ' ,.` _.
<br /> name or in the namo of the Yrustee.and do any ac4s vfiiCh it deems necessary or desirable to preserva the+ratua,marketability or -.��h,:.��_!,� !� -=
<br /> • rentab�ity of ths Rropedlr.or eny part thereof or inte�est therein,or to increase the income therefrom or protect the securityt hereof and, " ' , ,a��e
<br /> • avith or withaut tatdng possession ot the Properry,sue br or oiherwiss collect tha rents.issues and profits thereaf,induding thase past •,.�=�'� a>��`:
<br /> � due and unpald.b�,►noti[ytng tenants to make paymerrts to Lender.Lender may aPP►Y rents.issues and profits.less oosts and expens- - �.°��' :,:.;-w�� �
<br /> � es ot opeiation and�coltection ind�ng attome�s tees.to any indebtedt►ess secured hereby,all in such or�der as Lender may deter- ��� •� -. �
<br /> mine.The entadng upon ar.d taidng posssssIon o!the Properry.the caitecllon oT such r�rrts,issues and pr�fiH.and the applicatlo� •:��+;�-;• , • '�''I �
<br /> ti i,., ;t�� ••''',.
<br /> thereof as atoresa.[d shall not cure or waiva any detauft or noUce of default hereunder or imralidate any ect dona in�esponse to suct� ...:�;�¢�:�,-�;.:.::;� .
<br /> ��'✓;;• deisuft or pursuant to such no�ce ot detauft and,notwithstanding the contlnuance in possessian of the propsrcy or 9he coltecUon. �`'�^"' �; •=�'� � -_
<br /> .,i: • t.,�,;,., ,��. :. ;"
<br />. �•'=��•':f' �oe(pt tind applkaUon o;rente.issues or profib.Trustee and Lender shall be ontitled to exercise e�ce.y righ4 provlded tor[n any of the ,.�` .. !:
<br /> nd �
<br /> � Loan Instrumen�or by taw upon occurrence of any Ever�as Detault,lnduding withaut[imitatlan ti�a right w exerd..�the poMrer ot sate. �- ;;:!%'���''• �'
<br /> L��tall be cumatativa wfth,and in no way a limi�tion on.Lenders dghts and j ��
<br /> FuRher,Lenders�ghts end remedies under ihts D�S�B . - �`+��.'
<br /> �emedies under any asslgnment of leases and renis ce�a�9rad against the Property.Lsnder.Trustee an0 the reoeiver shall be IlabJe to , �` � ��{ .
<br /> account onty tor those�enb actuatly�ece[ved. `,t,V; 3�-
<br /> 11,Evtnt�of DetautL The toltowinq siwll cce��fiU.'b an Event of Default under tlils Qeed ot Tcer� ~' �'
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<br /> (a)Fatlure to pay any installmant ot��a!cr�terest ei arry other sum secured hereby v�ri�n due; , �; 'y�_�r ;.-- •
<br /> (b)A brearfi of or default under any provis:cn oa+�r,a3ned in the Note.this Daed o!Trust,any of the Loan instrumenta,or arry ��
<br /> • other Ilen or encumbranoe upon the Property; — = °=-----
<br /> (c)A vrrit of executttto+i or atfachment or arsy sfmitar process shall be entered agalnst Trustor xfiich ehall beoome a Ilen on
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<br /> ''' the PcopeRy or eny portton thereof or in�rest the�etn; `��j�
<br /> ;1:�"`:: , .._ _ -
<br /> �'(�'�� (�There ahall 6e filed by or agair�~3 Trustor or Borrower an�ursder any preseM ar fu�federal,state or other stad�ie, • , � =e
<br /> (�Z4jC{:�' Iaw or regulatton retaUng to banlwptcy.Insotvency or other rel'�f�s debtors;or there shall�e e,ppoin2ed any t�ustee.receiver or - •� �- .;.
<br />• l i q u i d a t o r o t T r u s t o r o r B o r r ower ar of aU or an y p a rt�fi the Property,or the rents,issues or pr�fits thereof,or Tn�tor or Borrawer :�� �-�.�--•��
<br /> .. shall make arry 98necal esslS�ment for d�e benafit as�i".ors; "`�`,-._
<br /> � (o)The sale,transter,lease,asslgnment,corn��^.�ee or furttser encumbrartce of alt or arry paR o1 or any inter�st In tl�e "'"-` �:
<br /> ' � p�yersSy,�i9her volurrtatfly or imrotun�s(ly.without the express�n consen t o f L e n d er,p r u��d t h a t T r u s t o r s h a U b e p e r m ft- _
<br /> � ted to ea�ute a tease ot the Praperi���at does not contain an�to purchase and the ter.n ot whkh doaa nat exceed one - - _ _ _ _
<br /> . year: � ��.�.
<br /> .' ' (�Abandonmertt of t7ee Property;or „
<br /> �.�,��-;-�-�---
<br /> � (g)11 Trustor is�8n Indivldual.the issuance,sale,transter,ass(gnmen�a:�^veyance or encumb�of more than(A a ���-'�-�-
<br /> . � oorporation)a wtal 04 �1 Se.�ceni of tts Issued and outstanding stoC�c,or(if a partnershlp)a total of per- �'! : - _
<br /> �.,,;'� , c�ni oi the Ilm'ded liabit compa- ,
<br /> oonl ot paAnership interests,or(if a�1rn.•ed�iabil'dyr company)a totat of pe �
<br /> �:'f;��,�, ny tnteresia or voUng d�is dudng ttr�Fedod this Deed o t Trust re m a(ns a l ien on t he p r o p e R y. �`
<br /> :� ,�.,;ft..
<br /> r i•,,.'t;?.-.. —
<br /> �'�' •' 12,R�rn�das;AccsfsraUon Upon Dehutt In the event of any Event of DefauR I.e�der may,without noUoe exoept as regvired +��" • _-
<br /> �j�aw,dec(are a11 Indebtedness secured hereby to be due and payable and the same shatl thereupon become du�ar�d payaWe witlr
<br /> • out any presenUnent,demand.proiest or noUce aM arty klnd.Thereafter Lender may. �����—
<br />. . (a)Demand that Trustee exerGse the POWER OF SALE granted hereln,end Trustee shalt thereafter cause Tnistors U�2er- _ '-
<br /> � est in the PropeRY tn be sold and the proceeda to be dlstributed.211 in the manner provtded in the Nebraska Tnut Deeds t� - z�-�-��`T.-
<br /> � . (b)Exerclse any and atl dghts provlded tor In any ot the L,can Instruments or by I�r upon occurrence of any Ew^a�ot :;�t ..�;,��'.r':
<br /> � • Defauttand :.,�' .• .�•_�;;�;ar;• ,.. � `�.-
<br /> � (c)Commencs an aetton to torectose this Deed af Trust as a mortgWgv,�a:nt a recehrer,or spec'rf'ically eJd�uroe any e1 me .,,.,.,�,•.;•;:�''�`•;::••
<br /> ., ' oovenarrts hereot. �`'•.�;`'"�
<br /> ,;',;.;,,. . �+��� .
<br /> .,.��,,:,1�.°•� No remedy herein conteaoQ u¢on or reseriad to Trustee or Lender is irt:ended to be vxclusNe of any olher romedy herein,in the Loan ',:•:c�^�y,��..,'
<br /> !;`•�{' Instruments m b��taw pravided or pom�3d,trut each shall be cumutaGve,sh�ll be in addit3on to ev��ry o1fi�r romerly given Re:�under, �,� .a�,.s
<br /> :.i;;`;;'_ �, :a.,r.•;�(i�:�i:, .
<br /> �• v�{. in the Loan InsVUments or novr or herea'?���exlsdng a4 law or In equ;.f A�r fi�yr sta4ute,and r�ay be cs:.�t�d ooncurtenUy,inQe�e��enttyl T:.,m> �
<br /> � ar suCOesi�ety. • • .
<br /> � 13.Tnutes.Tha Tnrstes may resign at any tlme without cause.and Lender rt�ei eny time and without cause appolrrt a suo- , .
<br /> cossor or substitute Trustee.Trustee shall not be Itabte to any parly,inctuding withoL�t t::nitaUon Lender,Borrower,Tmstor or any pur- � . .
<br /> �� � chaser ot ths f'roperty,for any loss or damage untess due to reckfess or willtul misoonduct,and shall not be required to taAe arry actton •
<br /> ' in connec�on with the anforoement o}thls Deed o!Trust untess indemniflod,In wriUng,for aN costs,campensaSon or expenses whlah • ..
<br /> may 6e assocla4ed therewith.In addiUon,Trustee may become a purchaser at any sate o!the Property(JudiClal or under the power o! �..
<br /> �� �. sale granted hereln);postpone the sale ol all or any poAion of the PropeRy,as provided by law;or sell the Pro�eRy as a whofe,or In . .
<br /> �� . separate paroets or lots at Trustee's dlscreUon. ' . .. . ' �°
<br /> . tq,Fa�a and Expensee.In the evant Trustee sells the P�opeRy by exerclse ot power of sale,Trustee shall be entitled to spply ,
<br /> any sale prooeeds first to payment of all costs and expenses of exerclsing powar of sate,including all Trustee's fees,and Lenders and
<br /> Trustee's attomey's tees, actualty incurred to extent permitted by applicahle taw.In the event Borrower or Tn�stor exercises arry dght ,
<br /> „ • , provided by law to cure an EveM o!Oefaulf,Lender sha11 be entilfed to recover irom Trustor all cflsts�nd e�enses actualty incurred as . �_
<br /> a resWt o!Trustofs default,inGudmg withoui limitation alt Trustea's and attomeys tees.to the extent pertnitted by appticabte law. � . •�
<br /> 15.Future Advancsa.Upon request of B�rrower, Lender may,at its op�on,make addiUonal and future advances and read- .
<br /> � - vances to Borrower.Suct►advances and readwana.�.wiii�inieres4 irierear+,s#sa1{ba sa�:sr�d by lii�.D�d 4!Tn�sL 112 n�Hmp Shal�t�,a =- ,---------- -
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