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<br /> 4� � d cc'n o n� mnensation awards.dama es and other vayments os reliat ihereinaher'Prace�')f ' . '" ---,,-_=---
<br /> � :.�r.c�t�t TJa:n...rt.lsndet i9 her�hY e--+on_d a ?� , . 9 F_,___-_`�.._.___- - --
<br /> in tonnection with condemnation or other taking o}the Froperty or part thoreof,or for cenveyance in li¢u of candemnatio�.Len�fer shau ((- ^,
<br /> � taken or damaged,Lender shail bave the aAtbn in its sete and absoluto digcretion,to appfy aU such Praceeds,after deducting theretrom t. — ,-
<br /> :_i .� e!1 eests end expenses incurted by it in connectiaa witfi such Proeeeds, upon�y indebtednass secured hereby and in such order aB � 't;
<br />- � � lender may datermine,or to apply ell such Proceeas,attet suets aeaucuons,w u,a..,o:..:.::::.:.:.'�.=:`•'_�=:t=""=°''"""'-`�`""- '-= �_--=_ .-'-�
<br /> Lender may determine.Any applicetion of Proceeds to indabtadn¢�s shafl not extend or pos4pone the due date of anyµayments undar � -
<br /> � the Note,or cure anY defeaft thereunder or heraundar.Anyunappiied funds shsil ba p�ud to Tnsstor. � , <�A-
<br /> ; 8. PeAom:anee by Lendu. Upon the occurrence of an Event ot Defauft hereunder, or if any act is takeo or legaf proceeding � , r
<br /> j � eommenced which materiaily affecta Lendefs inierest in the Pt4perty.Le�der may in iLs own disctetion,bui without obligation to do so, ' , "'
<br /> � � and without notice to or demand upon Trustor artd without teloesing Trustor from any obtigation,do any act which Trustor has agreed �:.'-�"
<br /> •� � �but fails to do and may also do any othar aci it deems necessary to proteet the aecurity hereof.Trustor shall,immediately upon demand `•�'`
<br /> � �therefor by lender, pay to Landet all costs and expenses incurted and sums expended by Lender in connaction with the exercise by _
<br /> • � Lender of the foregoing rights, together with interest theteon at the defauft rate provided �n the Note, whi�h shalt bo added to the
<br /> '• indebtedness secured hereby.Lender shaSl not incur enY liability because of anything R may do or omit to do hereundar. —
<br /> -� � 9.Hazardous MaurEats.Trustor shali keep the Property in compliance with all appGe2ble laws,ordinances and regutations refating to --- - , � - -._
<br /> i industr�at y iene o►environmental protection(coltectively referred to herein as'Environmentat Laws°).Trustar shall keep the Property , , , ,
<br />• ' �� free Ho�substantes deemed to be hamrdous or toxic under any Enviranmental Lavrs�oollectively�efened to here+n as'Hazardaus , : _ t-=
<br /> (Nateriats')•Trustor hereby wartants and represents to Lender that there are no Hazard�:�ss N�aterlat on or under the Property.Trustor
<br /> heraby agrees to indemnify and hold harmless LenQer, its dlrectors,officers, emA�oyees and agents. and any successors to Lender's
<br /> interest,from asid against any and all etaims,damages,lossss and liabilities arisEng in connection wiih the presence, use,disposal or � ;', ` ,' . -
<br /> transsort of any Haaardous Materials on,under,from or about the F�roperty.THE FOREGOING WARAANTIF.S AND REPAESENTAYIONS, _;-
<br />-� ANO TRUSTOR'S ABL1GATlONS PiJRStlANT TO THE FdRf(iOING (NDEMNITY,SHALL SURVIVE RECONVEYA(�iCE OF THIS QEEO OF _Y`'-�---�°°'`�
<br />', TRUST. ;-+"�?�E`��.'�`
<br /> 1 O.As�gnment oi F{�nts.Trustor hereby assigns to Lender,and grants Lender a security intarest in,ail present,futura and eftar , � - -�_.
<br /> rising rents,issues and profita of the PropertY;pravided that Trustor sha0,until the oteurtence of an Event of Qefautt hereunder,have ' _ �-
<br /> the right to collect and retain such rants,issues and profits as they 6ecome due and payable. Upon the occunence of an Event of �y�` T
<br /> , ! Detautt,Lender may,either in person ar by agent,with or without bringiag any action or proceeding,or by a rec�+lver appoiMed by a ��.
<br /> ,� court and without�egard to the adequacy of its security, enter upon and take possession of the Property,or any part thereot,in its own �..''� � '�
<br /> - .p':+"'s�:.=�
<br /> . ,_{ name or in the name of the Trustae, snd do any acts which ft deems necessary or desira6le to preserve the value,marketability or . -.- =Y" •
<br /> j renta6ility of the Property,or any part thereof or interest theretn,or to increase the income therefrom or proteet the security AereoE and, ' �: �
<br /> with or without taking Rassession of the Propeny,sue fot or othervuisa collect the rents,issues and profits thereof,including those past :�:,� ���j�*,���
<br /> _ _ due and unpaid,by notifyirtg tenants tv make payments to Lertder. Lender may appty rents,issues end profite,less costs and expenses , ==• �- --�°
<br /> :L.��'�`=°
<br /> of operation end collec[ion iacluding:tamays'fees,to any iadebtedness secured hereby,atl in such order as Lender may datertnine.The �";� :, f ,-ti� .. ,
<br /> � entering upon and taking possession of the�ropercyr, the cotlectlon of such rerrts, issues and profits, and the application thereof as �.�%f:�,�;- �� ��'�
<br /> - aforesaid,shaN not cure or waive any defauh or notiae of defauk hereunder or tnvalidace any act dorse in response to such datault a� ' ;�
<br /> pursuant to such nouce of defauft and, notwithstanding the contlnuance in possession of tha Property or the eollection,receipt and ; ��•?�`•,. . ,•f ���
<br /> appGeation of rents, issues or prof8s, Trustee and Lender shall be entitted to exerctse every rigfii provided for in any ot the Loan , r. . �'r• `T,
<br /> tnstruments or by law upon occurtence of any Event of Defautt,including without limitation the rigfit to exetase the Dowe�of sate. ���E;'�J�`�- �,
<br /> Further.Lr�ers rights and ramedies under this peragraph shall 6e cumulative with,and in na way a limitetion on,Lendefs ci�'s4s and •`• '� .
<br /> remedic,�um�fr�any assignment of[eases and renta recorded against the Property. lender,Trustae a�d the rece[ver shall fio 6:3bte to � {�`�' � `� ��
<br /> . . `: �,h''.�• °; f
<br /> � !. account cn'ry for those^ants actually recaived. ; ` s.s.� �.'� ��
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<br /> 11.Events of Q�a�x.The following shall constitute an Event of Oafauft und:r!i`is Deed of Trust: "r
<br /> (a)Failure to��t•ary installment of principal or irtterest of any other sum�a:r�hereby when due; � ,.± "_.
<br /> (b)A breach of �r dEfauft ender any provislon contained in the Note,th���of Trust,any of the Loan Instsuments,er any fs�;' ;a�:.:'
<br /> other Iien or encumbran�:e utart s�:�Property; �� -
<br /> � (c)A writ of execution or att-rhment or any similar procass shall be encered ageinst T�u�vr which ahall beeome a li�c�the :f� , �
<br /> � P►operry or any portion therenf or interest theretn; - - -
<br /> � (d)There shalt bo�ilad by or agatnst Trustar or Borrower an ac[ion under u•r.'•��eserti or future federat,u�:.or othcr statue,Iaw ___.
<br /> � or�egulation retating to banlavptcy, tnsolvertcy ar other refef f�r debtors;cc there shall be appointed �7� :.vstee, receiver or
<br /> Bquldator of Trustor or Borrower or oi all or any part of the Property,or tt�e rents,issues or profits thareot,C7 i:ilStOf Of Bc:.ower ��� __
<br /> � shall make any general assignment for the benefit of creditors; ±_.r�r_: ���' �' r
<br /> (e)The sate,transfer,tetue,assignment,conveyance or turtit�- �icumbrance of aIl or any part of or any interest in tho Poperty, � •
<br /> either voluntarily or involuntarily,without ffie express written cons2nt af Lender;provided:?�G�Trustor shall be permltte0 to executo ���.
<br />• e lease of the Pro�.�.,•that does not contaln an option to purchase and the to7*:af whlch does not exceed one year, ______--; f-�----.-.-
<br /> (f) Abandonmff'r.�T the Property;or v"��i' — l��
<br /> • � (g1 If Trustor�3 mt an individual,the issuance, safe,transfer,assig�-.r�. canveya�:rs ar encumbrdnca of more ffian lif a . -`'�'
<br /> corporatlon)a toiaf of a,A G��of its issuad and outstanding stock,cr i?a partnerst'�;a total ot percent of � p����::_--
<br /> partnership interests,or 4f a t:;r.i.c-r�t'Gsbilityr companyl e total of p/A percent of the Iimited IiabiUty company nterasta or voting • � -
<br /> rlghts during the perlod t'�s Oeed of 7rosc rema3na a lien on the Proparty. ���s=-� �`-x���
<br /> '�� 12.R�medios;Ac�►�atlon Upon Qofautt.tn the eveni of any Event of Oef�;.c:.ender may,whhout notice e:.�pt es requtred by law. �`�-
<br /> `�� dectere ell Indebtedne� secured hereby to be due and peyabto end tfie sa:r:s%�fi thereupon become dua en� payabfe wlthout any ..,, ,•t�
<br /> �;7.M{,�
<br /> presentment,demand,protest or notice of any kind.Thereafter Lend�r may: __ _='_-_-��``._ ___
<br /> (a1 Demand that Trustee exercise the POWER OF SALE �r�txd herein, and Truste3 shal! thereafter cause Trustor's interest
<br /> � In tho Proparty to be sold and the proceeda to be dlat�ibuted,al:,r.:he manner provtded in the Nebraska Trust Deed9 Act; - --�
<br /> . (bl Facercise any and atl dghts provided for in any of tta Loan Instrumente or by law upon occurtence of eny Event of � ''� �rr,_f.^a,_-_
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<br /> �:� Detauli;and �-�,,,�_'�°'+'�� --
<br /> (c1 Commence an action to forecloae this Deed of Trust as a mortga;a. appoint a receiver,or speciflcalfy enforce any of the �r . �• �:;.:,
<br /> covenents hereo}. � y�'�"" �"y� �
<br /> '� � No remeQy heretn conferred upon or�eserved to Trustee or Lender is intended to Oe exclusive of any other remedy herein,in the Loan ° � ��1. .�=--
<br /> C Instruments or by law provlded or pg-�'iitted,but eacn shall be cur,.ulative,shall be ln additian_o every othe►remedy glven hereunder,in �"�`�- -
<br /> � the Loan Instruments or now or he^a�.f^er existing at law or in equ�sy or by statute,and m�y D�e+corcised concurrently.(ndependent�y or �ti�,?r ti �.•'��.�-�'
<br />;; � successively. '
<br /> 13.Tnistes.The*n.,:s:ee may resign et any tirru�without causa,and Lendc�::�.�.y at any Ume and witho�t�auso t►ppolnt a successor ��� '"_ �'�,Ti�+?';;
<br /> or substitute Trustea.7��s:ee shall not be Ilable to any party,incl�ading wkho�ec 6;ntatlon Lender.BoROwer,Vau�tnr or any putchaser o! ,: +��_._i,,y;���_;�
<br /> the P►operty,for a28 i:.ss or damaQe unless due to recktess or wi;Iful miscond�a, and sh�1f not bo requ�ad to take eny ection in ,.., �
<br />. eonnsotion with th3¢n°orcement od thla Deed of Trust untess ir.d:�r.r.lfied,in writing,for all cos2s,co:npensstion or expsnses urhiuA may . �
<br /> . be casoatated therevritt�. In addition, T�utttee may become a purchaser at any sate of the Prop2rty (judicial or under the pa��ar of s21e , � • .
<br /> granted herein);postQOne tha sale oi all or any portion of the Property,as provi�yd by law;or seU the Proporty as a whole,or in seperato , .�` • . . _-
<br /> parcels or Iots at Tr�stee's discretion.
<br /> �•.`� 14.Feas and ERpart�as.In the avent Truatee sells the Property by exercise o}9ower of sale,Trustee shatl Ca ontslad to epply eny s2:¢ � , � �'�`�
<br /> . proceeda first to payment of all couta end expensea of exercising powor of sale,inctuding all T�ustae's fees,2nd Lender's and Trustee's
<br /> ; attorney's tees,actually incurred to extent permitted by applicable law.In the event Borrowor or Trustor exercises any rlght provided by • t .•:
<br /> � 7 taw to cure an Event of Defautt,Lender shall be entitled to recover irom Trustor alI costs and expenses ectuafly Incutred es o result of � �
<br />- i Trustor's defauh,including wfthout Iimitatlon all Trustee's and attomey's fees,to the extent permitted by appllcable law. .. . ' �
<br /> C 15.Future Qdva�o�s.Upon request o}Bonower,Lender may, at its option,make additlonal ond future advances and readvances to
<br /> os
<br /> Borcower.Such advanees and readvances,with intarest thereon, shall be secured by this Deed of Trust.At no tima shal!the prineipal .. �
<br /> � amount oi the indebiedness seeured by this Deed of Trust,not including suma advanced to protect the security of this Deed ot Trust. � �
<br /> exceed the originat prineipal emount stated herein,or 8 g2a.�as.aa ,whlchover is greater. : • °
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