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<br /> � g�.� io�s�� � `���.~ t� _�:� __
<br /> ' '�rocesds'in cannec7fan vriU�condemrtution or othsr taldng of the PropsRy or gart thsreot.or tor conveyance in Geu of condamnatian. r•t-� -••-_ _ -�_ �--
<br /> Le.ider shall tsa entitled at its ap6an to commence,appsar in and prosecuie in its own name arry ection or pro�ngs,artd shaU also � _ � ,
<br /> � be enUUed to make any comprom(se or ssrifemant in oonrtectlon with such taking or damage.ln the event any portlon oi Uis Rroperty is . . _=
<br /> ` �„?��r c�ama�a�l,tander shaU have the option tn ib�ota and absafute dlscretlon,to appiy a!I such proceeds. after deducttng � � . _ :� ..
<br /> :•.,.� therefrom a1i oosts and expenses incurred by it tn connectlon with sucn rroceeds.upvn a��y n�►fm;�;��;�:. �•s�%��^^• ('"�"'� .
<br /> ordar as Lendsr may detertn ina,or t o app i y a l l su c h P r o c e s d s.a t t o r s u c h d e d u c l I o a s,t a t h e re s t o r a U o n o f i h o P ro p a r ty u p o n s u c h o o n- ,' T-:_
<br /> ditions es Lee�der may detertnlne.My appiis�tion o!Proceeds 4o indebtedness shail not extend or pastpona the due date of 2ny pay- � .- `°;,r.,"
<br /> m6n4s umier the Ncste,or cure any default tfiereurtdet or hareunQer.Any unapplted lunds shall be paid to Trustor. � -
<br /> �• 8.Petfom�aneo by Lendar.Upon the oxurrence of an Event o!Detauft he�eunder,or if any act is taken or tegal proceedng ' • �` �.,
<br /> , I commenceA whIch materialty aNecta L.endats interest in tha Proparty.Lender may in irs own disrxetion,bui v�ithout obligaSon m do so, . . . ,
<br /> � and w'sthout notice to or demand upon Trustor and without rel2asing Trustor trcm eny obligation,do any act which Tnistot has agre2d �4�,�-
<br /> but taited to do end may slso do any other act ic deams necessargr to proteci the security hereaf.Tnistor shaii, immedatefy upon � `�� �
<br /> �4;. � da�d th�retor by Ler�er,RaY to Lender all cosis and expenses incuRed and sums axpendod by Lender in oonnec�on with the exer- --- -- -->-
<br /> cise by Lender of the foregoing rights,together with interest thereon at the default rate provided in the Nate,which shsll he addad w < . ,
<br /> � the indebtedness secured hereby.Lsndar shali not incur any liability because of anything R may do or omit to do hensunder. • ,. . ; ---;:
<br /> 9.HarArdous Materialg.Trustor st�ll keep the Property in complience wiU�a!I appticable Iaws.ordin2,�2s 2nr6�'"*uns � �. .
<br /> ' , retaaiing w indusVial hygtene or environmet�t protec8on(c�llectively referted to herein as"Ertvironmental Lawa�.Trt�"�c�..�l0 Esc-ep � �-�,=�'�"`�.:.:'' � . �=
<br /> '��n..t_.
<br /> � tt�e Property 4r���tm a11 sabstances dzsr�So he haza.�us ot Wxs�onder any Environmentel l.aws(collective(y rsfc-�ed t�hs�n ,� ;�°� ;;;�,.;N.,.;;
<br /> .�:,...,
<br /> as•H822rdO:s9'Ai�:tY3[�;�T..r��tor Ptet@'hj�2,,t'srrts 8f►d�:p:eSeltt3 to O.srdei thSt th@te 8�6 t10 Iiez8Rbu8 M8t@d8[8�71¢r�s.*.�.��'�FtB ���� ;��:,�• `t,�.�```���!.� ,
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<br /> I�za�ct�-T�-,�;sn.r�s:���ae�":a i�Cem:��4:ald 3�armis�s L�endar.?�s�ireciors.c�ers,employses and ag�.��cr�siu� '� ?`4 ;f� j%`�'��l-
<br /> ,�s'< <• �.. 4��.,.
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<br /> ; ,�., �
<br /> .��.� s�rs'Fx�9?'s a".;_':�st�,.�: +�:d ar,a�r�i�u�a�d aJt ciaims.dama�as.sosses and tFabiliHes ertsing in connection�x+i±^�±��rasa� .,��s �,.,,y,, �.
<br /> - 'Y,,; ;�=:•.. 'tr�i;G.
<br /> �,,..a ;,,sa.�'s�G x sanspoR of any Hazarr�uws 9Uta4arials on.under,fram�r ahoui the PropeAy.THE FOREQOt�Ei3�F�'/�i=�=,!'��a';E;�� ,€?,.. r•Y`'f'�,�?��4�'}�'�..'c�.:,_.
<br /> �_;�� A'cP�L-S�k'�F:�T70NS,AND THU3T0'A'�u OBUG.NTIOAIS PURSUAitiIT TO THE FOREGOINCi INDEMlHiTf, ��:iALL�Slll��fC� � t�; 'v=--''
<br /> r�, ��•-
<br /> � -•.�=~- —
<br /> �-.^,��uCr!�.�:CE OF 11i13 DEED OF TRUST. �_:_.���- ,=—
<br /> � ' 10.�stgnme�of ReMs.Trustor hereby assigns to Lender,and grants Lender a security interest in.all presen�future and _ ,-,---.T '� �
<br /> r.� after arlsing Pents,issues and profits ot the Property;provided that Trustor shali,until the oocurrenGe of an Event ot Oefautt.hereunder. „+
<br /> t
<br /> .. have the rt�t tn collect and retain such rents.issues and profits es lhey become dua and payabte.Upon the oa:urrence oi an Evarrt of �`.°�_
<br /> • Defau�,Lender may.either in persan or by agent,with or without bringing any acKion or proceeding,or by a receivar appointed by e _� , =��-��-'�''•' -"":''"��
<br /> r�_ court and with�e�i regard to the adequacy of(ts secudty�enter upon and fake possession ot the Praperiy.or any part thereof.in ifs own 'r�."" '�,��.,.�,�W.-
<br /> � name or fn the name of the TNStea,and do any acts which(t deems necessary or desirsbfe to presenre ihe vatue,rnsirtcetab(1Jry or : ��`-_-
<br /> � �u
<br /> reniabHiiy of the Property.or any paA thereof ot intorest the�ein,or to irtcreaae the Income therehom or protect ths secudry heroot an�. ' "�:f.� !�:�.�- ,-
<br />' � witfi or wtthaut taking possesston oi the Property,eue br or otherwise colled the renis�issues and pref(ts thereol.Ineludinp tf�ae paat ___
<br /> due and unpald.by noUtying tenants to make payments to L.�nder.Lender may appry rente,laaues end profite.tess costs and AxPens- ,
<br /> es at oporaUon and coltectlon Inctuding attomeys tees.to any Indebte6ness secured hereby.all in such order as Lender may deter• •.'` Y`. ..,. �{ '�.:- ,
<br /> mine.The ente�ng upon and taking possesslon of the Property,Ute cotlecUon ot euch rents,Issues and profits.and tDe eDP�icatlon _
<br /> theseof es atoresald shail not cwre or waive eny detault or noUoa ot default hereunQer a Inval3date any act done in respo��se W auct� �;;� : F
<br /> detnuit or pursuant to suc h no Uce o f da lsu i t an d,n o t w f t h s t a n d i n g t h e c o n G n u a n c e i n p o s s e s s l o n o t the p r o p e r ty or the oo8ection, y t'•°...,�F: ,� .
<br /> recetpt and apptiCatior�of renis,issues ar proflb,Trustee and Lender shall be enUtled to exe�clse evary dght provided for tn any of the
<br /> Loan Instrumants or by lav�upon axurrence of any Event of Defaul�fnGuding wtthout iimitatlon tne dght to exercise the pawer oi sate. �
<br /> FuMer.Lende�'s dghts end remsdies under this paragraph shall be cumutativa wfth,and in no way a NmitaUon on,Lenders dghts and "y �
<br />" remed}as under any assignment oi teases and rents recorded egainst the Propsrty.Lender,TNStee snd the reoe(ver shall be liable to !�f�, .• i
<br /> .:„�. aocaunt only for those rents acivalty received
<br /> 11.Evantc o4 Q�7auI�.The tollowing shall constnute an Event of Defaut!under tfnfs Deed of Tn�s� __ �=�.; . �-•��•
<br /> . ,�• .
<br /> (a)Fallure to pay any instaliment of pdnc�al or interest ot any other sum secared hereby wtten due; � . _
<br /> (b)A brearfi ot or deisutt und:r any provision conteined in ttsa Noto,thls Deed af Trusc,ar�y ot the Loan insfiunerrts,cu any "t - `
<br /> •;;�:... other 1:�2n or encumbrance upon tt�9 Propefty; ' � " �•°�;J-_
<br /> (c)A writ of execuUon or attachmant or eny similar pmcess s7iall be entere�again��t Yr.ss:or which strafl become a tia�on ;,. -
<br /> ��,...
<br /> .` Uie Property or any porUon thereoi or interest theretn; �` '`;,r�: -
<br /> ` (�There sha11�fded by or a$ainst Trustor or Borrower an acUon under any pres2nt o:f�,tw�:a federa7,:�ie or other staMe. '�_1�y- " �.:
<br />.,-;�:.. law c��egulation re�ar�g to bartt�,�2cy.insolvancy or other relief for debtors:or there sha::ma s�pointed srry tr�sstee.reoeiver or '� �4,�,,".i,'�;?`�, ..�',,.
<br />-- l i q u i d�m r o f T n i s f o r�a r C�t r ro w 3 z oz r k a l!or an y p aR of the P ro p�w t�l,ar the rents.issues or p��,:��thereof,or Trustor or&sr,awar ���yt6�;.;;.�,_�—
<br />;""` shaU make em►L=:���1 assigr�i Gor the beneflt of creditors: -- '- --
<br /> • �.,
<br /> (e)11�e saie,tt^��r. tease,assignment,conveyance or fu:"�:er ertcumbrance of afl or any paR of or nny inter�l;n!he �^�:;
<br /> � � Property efther��1:97�ri1y or imrotuntadty.wfthoui tfie express wrin+n cansent ot Lender.provlded that Trustor ehaU be pe,�it- : •..—�—°=
<br /> ..., .,,.--- - —
<br /> ted t�eYc.r,cate a lease ot the Propedy tf�at does noi contatn an a��an to purt�►ase and t he term o f w h i c t��t a e s n�t e x c o�d o n e •' �-�
<br /> y� . .A
<br /> , jT;IE►�andonment o}the PropeRy;or . • , ,�e�`
<br /> Q�)i!'fnistor is not an indivtdual,the iasuance.saie.transf�rr,assignment.conveyance or encumbrance of moro L'�2s Eif a �="��"'�',�� —:
<br /> .. .:� ._ x.
<br /> ocr�seUan)a to2al of pemsM o!its issued and outstanding stock.or(if a partnership)a 4�7 of per- --- �-�"'�'1-�_�
<br /> - o3nt oi partr�ership interests.or pf a limited liabitity company)a total of peroent of the'fi�r�ed Iiabiiiry compa• � - �,.
<br /> ny U�ierests or voUng dghffi dudng the pedod this Oeerl of Tnist remains a lien on tha prope*c�. • •—
<br /> - - 12.Q�rrndtes;Acceteratlon Upo�t Dehult In the event of any Event o!Detault lender��y,without noUce except es�vlred "`�"`'�r�- •�' `
<br /> -- by faw.declare alt indebtedness secured heteby to be due and payabte and the same ahall ther�on beo�me due and payabte wNta . `4��'�'`��•.:��
<br /> ou4 any presentmen�demand,protest or noUce a!any kind.Thereafter Lender may: ��—
<br /> sr�--:--^�=�m.-.�,-,r
<br /> ' (a)Demand that Trustee exeroise the POWER OF SALE granted hsrein,and Trustee sha11 thereafter cause Troatore inter- '���`-'x-_
<br /> est in tha PropeRy to be sold and the proceeds to De distributed.all In tfne manrtet provlded in the Nebraska Trust Deeds llc� _ ,z;_--
<br /> (b)1�E.xerclse any end all dghte provided for in any of tho Loan Inrstrumenis or by ta�v upon oa;urrer�ce af any Evaflt of � �-f,T�
<br /> ' - QBi811�M� - '�.c:•.• r•.�:r, _
<br /> (c)Commencs an actien to torectoss thia Oeed o?Trust as a mortgage,appolnt a recelver,or speciik�liy er�oroe any ot the .:•:.+:: '•
<br /> oovonanb hereof. . .. �'�
<br /> No remedy hereln conterred upon or reserved to Trusteo or Lender is intended to be oxclusive o!Fu►y other remedy herein,ln the Loan .,sn•,�:- "
<br /> . Instrumenis or by taw provided or pertnitted,but each shall be cumulaUve,shal!be in addltlon to every other�emody ghran hereunder, 'w��� '
<br /> ' in the Loan tnstrumerds or now or hereafter exsUng at law or In equity or by statute,and may be exerdsed ooacurrenity,independenttyl - ��� .� •
<br /> or s�:ocesivety. ,.•..�.::. :. `�,
<br /> .. ,: •:- _°:�
<br /> 13,Yntstis.The Truatee may resign at any Ume without cause,and Lender may at any Ume and without cause appoint a auo- � �._. .
<br /> cessor or substihite Trustee.Trustee shall not be Nable to any party,inctuding without limitation Lender�BorroNer,Trt�stor or any pur- L�t�;�,..;:,,,,�.:,:. _
<br /> • chaser of the PropeRy,for any toss or damage untess due to recktesa or wfliful misconduct.and shall not be required to take any actlon . •
<br /> � in connectlon with the entorcement of this Deed ot Trust uniess indemnHled,in writirtg,tor all costs,corrtpensaUon or e�cpensos vfiicf� . . . __
<br /> � may be essaciated therewith.in addiUon.Trusteo may become a purchaser at any sele of the Property Qudicial or under the powar o! � . . . _
<br /> sate graMod herein);postpone the sale of al!or any portlon ot the PropeRy,as provided by law:or sell the Property as a w?�aS�,or in �
<br /> , separata p�scats or fots at Trustee's dlscreUon. �• �• • -
<br /> t4.Gcea and F.�[penses.In the ovent Trustee sells the Pra�eRy by exercise o!povrer of seJo,Trustee shall be entuea t��,pr,� _ -- --
<br /> any sa;e proceeds first to payment of all costs and ex3��es of exerclsing powar of sale,inciuding all Tn�stee's tees.and Lendets�.z� , .' . . � —
<br /> � '. Truste9 s aitomey�s fees, actually incuROd to extenY permitted by 2ppi?cable law.In the event Borrower or Tnt�.ar exercises any rigSt! . .
<br /> ., pmviEs�b��r!aw to cure an Event oi De��v!t,Lender shaN be ontitlet9 to seoouar from Trustor all ossss and expenses actua::��r�::r�rJ as � • ��
<br /> p'.S•: , :-
<br /> a resali c1 Tmsstar's dsfault,Including�9it�ut NmitaBon atl Trustee's E��attomey's fe�s,to the extert permitted by applic�ta'o I�vi• ;?�;u�,:;•:.,,.;��: : s=°�_
<br /> 15.�uturo Advances.Upon rar�uest of Borrower.Lende�rmf, at its option, make aCd:�onal and tuture advanass�read- ��t,?� � � —
<br /> 'I- � , V"d11CHS TO�SC7lOWHT.�LGJi iYWCltlx7 ttiN f&FtuUt'�iTiGt�a.niL�i i�ito�caa u�ivrvv±.,a.an w wi.u:s�lsyr 3iiis D�of TressL Ai s!o��.�s?��,1!°.e_. ..._� . . .. - '
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