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<br /> � "Proceeds')In connecllon wlth condemnatlon or other taking of the Property or part thereof,or for oonveyance In e o nation. ;�:,_
<br /> Londer sheil be entitled at its option to commence,appear In and prosecute in Its own name any actlon or proceedinga,end shall elso • �:•,:,�
<br /> be enlftled to make any compromise or settloment In connection wlth such taking or demege.In the event any portlon oi the Property is
<br /> s�taken or demaged, Lender shall have the option In its sole end�bsolute dlscretlon, to epply ell such proceeds, aiter deducting
<br /> thorefrom all costs and expenses Incurred by It In connectlon with such Proceeda,upon any Indebtedness secured hereby and in such
<br /> order as Lender may determine,or to apply ail auch Proceeds,after such deductinns,to the restoration oi tho Property upon such con- �• R.
<br /> ditions as Lender may determine.Any applicatlon o(Proceeds to Indebtedness shall not extend or postpone the due date of any pay-
<br /> ments under the Note,or cure eny defeuit thereunder or hereunder. Any unapplled funds shall be paid co Trustor. �,:;�: .
<br /> 8. Performance by Lender. Upon the occurrence of an Event of Default hereunder, or If any act is teken or Iegal proceeding ,, . .
<br /> commenced which metorlally affects Lender's interest In the Property.Lender may in its own discrotion,but without obligatfon to do so. , - �
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<br /> � and without notice to or demand upon Trostor and wilhout releasing Trustor from any obllgatlon, do any act which Trustor has egreed •. : ;�.:.YL,a f �• �
<br /> ,a,,,„,,,�- but failed to do end may aiso do any other act it deems necessary to protect the securiry hereof. Trustor shell, Immediately upon ,:�.•�,:'.t:-S:� �',�
<br /> ,,�«r � demand therefor by Lender,pay to Lender all costs and expenses incurred and sums expended by Lender in connecdon with the exor- ��,_
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<br /> clse by Lender of the foregoing rights,together with Interest thereon at the default rate provided in the Note,which shafl be added to .-.�r��o�__„R_
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<br /> the indebtedness secured hereby.Lender shail not incur any IlebYlty because of anything ft may do or omit to do hereunder. _ �„o __�_
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<br /> � 9. Hazerdous Materlals. Trustor shall keep the Properly in compliance with all applicable laws, ordinances and regulations =�•ti�n�-
<br /> , relating to induatrial hyglene or environmentei protectlon (collecllvely referred to hereln as'Envfronmental Lawa'). Trustor shail kaep �,___-^ _
<br /> � the Property free from all aubstances deemed to be hazardous or toxia under any Environmental Laws(collectively referred to herefn �,
<br /> ; as"Hazardous Materials"�.Trustar hereby warrants and represents to Lender that there ere no liazardous Materiais on or under the ��___
<br /> �'� Property.Trustor hereby agrees to indemnify and hdd harmless Lender,Its directors,officers,omployees and agents,and any succos- �x-�-`-
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<br /> ` � sors ro Lender's interest,from and aga(nat any and all ciaims,damages,losses and Ilabilides arlsing In connecUon with the presence, ��:�_
<br /> use,disposal or transport of any Hazardous Materlals on,under,from or about the Property.THE FORECi01N(3 WARRANTIES AND �!��,_
<br /> •� � REPRESENTATIONS, ANQ TRUSTOR'S OBLIGATIONS PURSUANT TO THE FOR.EGOING INDEMNITY, SHALL SURVIVE ���::
<br /> �. � RECONVEYANCE OF THIS D�ED OF TRllST. :'��:�-.-;
<br /> 10.Assiqnment of Rents.Trustor hereby assigns to Lender,and grants Lender a securlty interest in,alt present,futu�e and �,y_,�,�
<br /> after arising rents,issues and proflts of the Property;provided that Trustor shall,until the occurrence oi an Event of Default,hereunder, �
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<br /> • ` have the right to coilect and retaln such rents,Issues and proflts as they become due and payable.Upon the occurrence ot an Event ot .,Yy^�
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<br /> qefault, Lender may,either In person or by agent,with or wlthout bringfng any action or proceeding,or by a receiver a ointed b a i�ca..
<br /> ' $� court and wlthout regard to the adequacy of its socurity,enter upon and take possession ai the Property,or eny part thereoi,in its awn :•��•µ�-,-
<br /> b neme or in the name of the Trustee, and do eny acts whlch it deems necessary or desirable to preserve the value, maricetebllity or ,..�_.�
<br /> rantability oi the Property,or any part thereof w(nterest therefn,or to Increase the Income theretrom or protoct the security hereot and, .�,,;
<br /> �• with or without taking possessbn oi the Property,sue for or otherwtse collect the rents,issues and proflts thereof,including those past ��w:�
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<br /> due end unpaid,by notifying tenants to make payments to Lender. Lender ma a 1 rents,Issues and profits,less costs and expens- .
<br /> � es ot operation and collectlon Including attomey's fees,to any indebtedness secured hereby,all in such order as Lender may deter- 7 ��'"
<br /> mine.The entering upon and taking possesslon of the Property, the collectlon of such rents, issues and proflta, and the applicatlon ��,� ,y y._
<br /> -- ihersot as atores�ld sha!1 not cure or w?IvR any defeult or notk:e of defauit hereunder or invalidate any act done in rasponse to such • ,,;,_
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<br /> � default or pursuent to such notice of defeult and,notwithstanding the continuance In possession ot the property or ihe cc,liaciiu�i,
<br /> recelpt and appllcation of rents,Issues or proflts,Trustee and Lender shall ba entltled to exercise every�ight provided for in any of the :�::
<br /> � Loan Instrumenta or by law upon occurrence of any Event of Default,inciuding wlthout Ilmitation the right to exercise the power of sale. 'o;-
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<br /> e Further,Lenders rights and remedles under this paragraph shaY be cumulative with,end in no way a Ilmitetion on,Lender's riphts and i_
<br /> '�' remedies under any assignment of leases and renta recorded ageinst the Property.Lender,Trustee and the receiver shall be liable to ��.;:
<br /> g account only for those rents ectually recelved. �
<br /> ' 11.Evsnts of Detault.The following shali constitute an Event oi Default under this Deed of Trust: 4„
<br /> (a)Feilure to pay eny Installment of princlpal or Interest or any other sum secured hereby when due; r�
<br /> � � (b)A breach of or default under any provision contalned In the Note,this Deed of Trust,any of the Loan Instruments,or any
<br /> other lien or encumbrance upon the Property;
<br /> ' (c)A writ ot executlon or attechment or any similar process shall be entered agalnst Trustor which shall become a lien on __
<br /> the Property or any portion thereof or Interest therein;
<br />_, (d)There shall be flied by or against Trustor or Borrower an actlon under any present or future tederal,state or other statute,
<br /> �' law or reguletlon relaUng to benkruptcy,Insolvency or olher relief for debtors;or there shall be appolnted any trustee,receiver ur
<br /> �} liquldator of Trustor or Borrower or oi ali or any paR of the Property,or the rents,Issues or profits thereot,or Trustor or Borrower
<br /> shall make any goneral assignment tor the beneflt of creditors; _
<br /> � (e)The sale,transier, lease,assignment, conveyance or further encumbrance of all or any pert of or any interest in the --
<br /> Property,elther voluntaAly or involuntarily,without the express written consent of l.ender,providod that Trustor shalt be parmit-
<br /> �: ted tn execute e Iease o f t he Prope r ty t h a t d o a s n o t contain an o ption to purchase and the tertn of which does not exceed one _ __�_
<br /> ., year, =:_
<br /> . " (�Abandonment oi the Property;or --
<br /> � (g)If Trustor Is not an Indtvidual,the Issuance,sale,transfer,assignmant,conveyance or encumbrence of more than Qf a �,`,����.
<br /> 3 corporatlon)a totai of_ percent of its Issued and outstanding stock,or(If a partnership)a totai of per• - .-�° .�+.
<br /> � cent oi partnership interests,or(If a Ilmited IlabUity company)a totai of percent of the Iimited Ilabllity compa- 'r�"
<br /> � ny interests or voting dghts during the perlod this Deed of Trust remains e Ilen on the property. �-..
<br /> a 12.Remedles;Accoleration Upon Defeult.In the event of any Event of Default Lender may,without notice except as required ,
<br /> by Iew,declare ell indebtedness secured hereLy to be due and payable and the same shall thereupon become due and payabte with• :, ;:.� '•�.�: :,
<br /> out any presentment,demand,protest or notice of any kind.Thereafter Lender may: '��.=n;:.;�. '
<br /> (a)Demand that Trustee exercise the PQWER OF SALE grantod herein,and Trustee shall thereafter causo Trustor's Intvr- • ,.„,y_ , ,
<br /> est In the Property to be sold and the proceeds to be distributed,all in the manner provtded in the Nebraska Trust Deeds Act; ' ,3:' `
<br /> (b) Exercise any and all rights provided for in any ot the Loan Inatruments or by law upon occuRence ot eny Event of
<br /> Detaulh,and
<br /> (c)Commence an actlon to forecloso this Deed of Tru�t es a mortgage,appofnt a receiver,or speciflcc�lly enforce any of Me
<br /> covenents hereot.
<br /> No remedy heroln conferced upon or reserved to Trustee or Lender is Intended to be exclusfve of any other remedy herein,in the Loan
<br /> Instruments or by law provided or permltted,but each shall be cumulative,shall be In addition to every other remedy given hereunder,
<br /> In the Loen Instruments or now or hereaker existing et law or In Qquity or by statute,and may be exorcfsed concurrently,independently
<br /> � or succesively. �_.�._._._....,.................�o.,,.��.,,o�.,i�n���r raucp.and Lender mav at anv time and without cause appoint a suc-
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<br /> � cessor or substitute Trustee.Trustee shail not be Ilablo to any party,including without Ilmltation Lender,Borrower,7rustor or any pur• � �
<br /> j chaser oi the Property,tor any loss or damage unless due to reckless or wlllfui mfsconduct,and shail not be requlred to teke any ection
<br /> � in connection with the enforcement of this Deed of Trust unless indemniiied,in writing,for all costs,compensation or expenses which
<br /> may be assocfated therewith.In addition, Trustee may become a purchaser at any sale oi the Property Qudicfal or under the power of
<br /> � saio grantQd herefn):postpone the sale of all or any portion o(tho Property,as pravided by Iaw;or sell the Property as a whole,or in
<br /> � separate parcels or lots at Trustee's discretlon. �
<br /> � 14.Fees and Expanses.In the event Trustee sells the Property by exercise of power o(sale,7rustee shall be entitied to apply
<br /> any sale proceeds first to payment of all costs and expenses of exerclsing power ot sale.Including all 7rusteo's fees,and Lender's and
<br /> i Trusteo's attomoy's fees, actually Incurred to extent permitted by applicable law. In the event Borrower or Trustor exercises any right
<br /> � providod by law to cure an Event oi Default.Lender shall be entitled to recover irom Trustor all costs and expenses actually incurred as
<br /> � a result of Trustor's default,including without limltatlon all Trustee's and attorney's fees,to the extent permitted by applicable Iaw.
<br /> I 15. Future Advancos. Upon request oi 8orrower. Lender may,at its option, make additfonal and future odvances and read-
<br /> 1 vances to Borrower.Such advances and readvancos,wilh inlerest thereon,shall ba secured by thfs Deed of Trust.At no time shail lha
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