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<br /> 1 �w 7.Em:nent Domein.I.ender is herehy assigned all compensation,awards,damages and ather paymertts or reliaf Iheremaher'Roceeds") • -�_�-"�• "---_ ��--_
<br /> , -�{ vdui connection with condemnation or other taking of the Pto�erty or part thereof,or for conveyance in lieu of condamnation.Lender shali � '
<br /> � �ken or damaged.Lender shall have the option in ita sole�nd ebsolute discretion,to appiy all auch Proceeds,after deducting therehom �. c . ��
<br /> � . • _ ` _ -`_y_:_
<br /> . - 3/♦0 wsLS antl expeases tncurreo Dy R tn connecaon wRn BUGn ITO4'eette.upun m�Y u�ucuaaw�ca.i oc..a.�ou ..o.o..� m...... �......;:'Y1�.'t�: -"s-�'—��= _ -
<br /> . % Q.ender may determine.or to app1Y aU such Proc�eeds,after such deductions,to the restotation of the Property upon suct► conditions as T_-�� �'��
<br /> : �` �ender may detarmtne.Any application of Proceeds to indebtednes�shall not eMend or postpone the Aue dete of any payments under � .• fi��
<br /> � �he Note,or cure any dafault thereunder or herounder.Any unapplied funds sha!be Naid to Trustor. -��t
<br /> 8. Pertormance by Landcr. Upon the occurrence of an Evont of DefBUlt hereunder, or if any act is taken or legal proceedin8 `, �` ___
<br /> . �? ' commenced wfiich materiaity affecis Lenders intarest in tho Property,Lendef may in its own discretion,but wfthout obGgation to do so. _ -
<br /> . �and wtthout notice to or demand upon Trustor and wiihout releasing Trustoe from any o6ligation,do any act which Trustot has agreed '• � -:
<br /> ' �but fails to do and may atso do any other act it deems necessary to protect the securrty hereof.Trustor shati,immediatety upon demand • , . • '�
<br /> therefor by Lender,pay to Lender ail costs and expenses ind:ned and sums exp6nded by Lender in conrtection with the exetcis8 6y ..
<br /> . Lender of the foregoing rights,together with interest thereon et the defautt wte provided in the Note, whicfi shail bo added to the ; . '
<br />-� ° indebtednesa secured hereby.Lender shall not incur any IiabTRy because ot anytling it may do ot omit to dn heraunder. � „ . - " --
<br /> 9.Hzurdaua Materiab.Trustor shall kesp the Property in compliance with aIl applicabte laws,ordinances and regutatiflns relating to _ � : �-
<br /> � zer ,
<br /> �.� industrial�hYB!Bna Qr environmental protection(collectively referted to herein as'Environmental Laws").Trustor shall keep the Propertll � '�
<br /> frea ftb�,,�iY iutsstertces deemed to 6e hazardous or toxic under any Environmental Laws(collectivety refened to herein as'Hazsrdous '.�_
<br /> , •� Materials°l.Trustor hereby warrants and represents to Lertder that there are no Hazardous Material on ar under the P►operty.Trustor . � -
<br /> hereby agrees to indemrtify and hold hartnless Lender, its directors, officers, emplGyees and age�ts,and any successora to Lenders =�
<br /> interest,from and against any and alI ctaims, damages,tosses and fiabil'rties arising in connection with the presertce, use,disposal or ' _ .. . ��_-
<br /> transport of any Iiazardous Materiats on,under,trom or about the Property THE FOREGOING WARRANTIES AND REPRE&EMATIONS. � .� " "' � --
<br /> AND TRl1ST0A'S OHUGATIONS PURSUANT TO THE FOREGOING INDEMNITY,SHALL SURVIVE RECONVEYAP[CE OF THIS DEEO OF , '��-
<br /> TRUSf. . ` - ` .,_�"
<br /> • 10.Aasignmartt oi Rsnta.Trustor hereby assigns to Lender,and grants Lender a security interest in,all present,future and after �� • = .
<br /> rising rents,issues and proftts of the Property;provided that Trustor shall,until the occurrence of an Event of Default hereunQer,hava � ='�.�.-'J'"'F
<br /> the right to cotleci and retain such renta, issues and profits es they beaame due and payable. Upon the occurtence of en Eveni of ", =�-
<br /> • Defauft,Lender may,either in person or by egent,with or without bdnping any action or proceeding,or by a receiver appointed by a �` '"�"={��-�._-
<br /> court and witho�t 2gard to the adequacy of its security, enter upon and take possession of the Property,or any part thereof,tn ita owrt �:`�``�'^a-�
<br /> name or in the r,�na of tha Trustee, and do any acts whlch it deems necessary or desirabte to pres_.we the vafue, marketabil'rty¢c � '�*•ti ��`
<br /> rentabiGiy of ths Property,or any part thereof or interest therein,or to increase the income therefrom or p�vtect the sec�:rity hereof an�. ` �.,����
<br /> � wi�c cr without taking possession of the Property,sue for or otherwise aolfect the rents,issuas and profrLS thereof,indu,��.ng those past ��,s: '�_'�=''�.x.:'�f
<br /> .' , due�3 unpaid,by notifying tenants to make payments to Lender. Lender may appty rents,:ssuas and profits,less cos�and axpenses °=�•--- -�-�.',�
<br /> of e3�atio�a���'lection including attomeys'fees,to any indebtednects secured hereby,ail in such order as Lender may detertnine.The f�`., . Y:
<br /> entering upc:s an�ta�ing possession of the Property, the collection of such rents, issues and profrts,ar.d the applicaiion thereof as ��+ �"`^��
<br /> � � aforesaid, sha:.✓s:cure ot waive any defauft or notiee of defauit heraunder pr invalidate any act done cn response to such defauh or ` . �`
<br /> p�TS�ant to suc3� notice of detauh and,notwithstanding tfie continuanse in possession of the Property or the collectlon,recalpt and •.- � _�al .:'�
<br /> � � at2�cation of rents, issues or profits, Trustee and Lendar s4ai1 be ea!itled to ezercisa every right provided for in any of the Loan {,c•r-'�
<br /> Instruments or by law upon ocarrenee of any Event of ��auft,induding without limRa�a�the right to exerclse ffie power of sale. I�1;���t��'� �r =: � .-
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<br /> � . Further, Lender's r.ghts and re�edies under this paragraph s�all be cumulative with,and n no way a Iimltation on,L�a.'s rights and �i;;, ' ` r: t _.
<br /> .� remedies undez a..-•r assig�mant of lesses and rents rewrded against the Property.Lender, Trustee and the receiver s:sai be Iia�te¢� ��. ; �. ' �
<br /> :•� account only far th�s:rent�actualfy received. "�;Fn: ,,�;� r� `
<br /> '�/''t' . 11.Events er 3S�idt.The foltowing shalf,;r,nstitute an Event of Default under this Osed o+f Trust: ,"'�.� � ',
<br /> (a)Fai�use to pay any ir.sta3lment of prin�ipal or Interest of any other sum secured h V:e+.�Y when due: " `.;�� . f!'
<br /> .� , (b)A b�e_c h a f o r d a°a u t i u n d e r a n y p r o v i s i o n c o n t ain ed in the Note,this Deeei oi i nsst,any at the Loan InstnL�ents,or any �'_���°�"•�,':' � �� �-.
<br /> ' other lien or encum6rance upan the Property; ��I� • �
<br /> ._y,,sl/ "��1.r :',- :'r�-:':fl ��..;-�_.
<br /> ,'' t .}.p;;' :. .:`! �.
<br /> �,; (c)A +v r i t o f e x e c u t i o n o r a tt a c h m e rt t o r a n y s i m i l a r p ro c e s s s h a l t �e e n t e re d a g a i n a t T r u s t o r�v h+c h s h a 0 b e c o m e a l i e n o n Y's �•,� , ";y�'•fi,. �-
<br /> ' Property or a:►y Dortion thereof or interest t'herein; �' �4�'� �
<br /> (d)There shal!trs filsd by or against Trusior or BorratJar �n act'.oss undcr a:y prcaont or futura te3e:a1,stata or other statue,law _ �� '• � °�� �•
<br /> • or regulatlon retaitng to bankruptcy, tnsolvency or other relief for debtors;or there shalt be appainted any trurttee, recelver or , �� �
<br />� liquidator of Trustor or Bortower ar of sU or any part of the Property,or the rents,Issues or proflts thereof,or Trustor or Borrower � ���o.,.�, �� �=6-�._
<br /> f shall make any general essignment for the boneflt of creditors;
<br /> (e)The szle,transfer,tease,assignment,corneyance or further e�cum6rance of all or any part af or any tnterest in the Property, �� '� °
<br /> � � � either volunt2rity or invotuntarily,without the express wrttten consent of Lender,provided that Trustor shall be permitted to execute �4'� __ ��
<br /> • a lease of the FaopeRy that does not contaln an optton to purchase and the term of which does not exceed one year, �Y.___. -"H y,=._
<br /> . � (f) Abandonment of the Property;or �---
<br /> (g)1}Trustor is not an indtvidual, the issuance, sa!e,uansfer,assignment, cer.vs�ance or encumbrance of mor0 4han Qf a 't�'�f��-
<br /> � corporationl a total of N/A percent of its issued and oz�tanding atock,or lif a p�".�acship) a totat of �v/A percent of ,•.. , � . _
<br />�,.; „t paRnershtp Interests,or a mfted liabtltty company)a toi�of�I7 p percent of the iimitad lia�::'.�r company:��ry:ssts or voting _ �+ _ �;:_,;, _
<br />'�`�' � r(ghts during the periad this Oeed ot Trust rem.a'sna a lien on tha Piroper�y. - -- �
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<br /> }j'•.,, . 72.Remadivs;Acectaratlon Upon D�favti.rirr t'�e event o!any Eveni of Default Lender may.witnout n�:iee except as reQuired by ta�, '�;'��i'�.��
<br /> . • d.ctare a11 indebtedness secured hereby to be due and payable and the same shall thereupon become due and pay��'9 wRhout any --;:;�C.��.
<br /> • #.;,., _Y �,-:
<br /> pr.xantment,demand,protest or notice of any kind.There2ttx Lender may: : ?�'::., _.
<br /> . (a)Qemand that Trustee exerclse the POWER OF SLtJ.[ granted hereln, and Trustee shall thareafter cause y���ora iMOrest ''�°�' �
<br /> �':"L:�t �---
<br /> �1' ' In the Pro pe r t y to be sold and the proceeds to be disulbuted,all in the manner provlded in the Nebreska Trust OeeGs 1i:t; {��::
<br /> ' (b)Exec�ua any and all dghts pror�ed for inanyottha Loan °.strumente or by law upc:� occurcenee of any Eveat �f• ^"�.��.'"'�°. .,,,��N�`•�`�� ��
<br />:�,�:r.,�:- - � � �r�"yi•,..� :� .�*��:
<br /> •�: ; Defauft;and -
<br /> �f• .�i_''s':�:''c1,�!;il'%':`;,.
<br /> 4 !c)Co^Y^�ence an acNon to foreclose th:a Deed of Trust as a mc:^3age, appoint a recelver,or speciflcalty enforce any of t`�e ,!, . = � -,,=,�+: �
<br /> ' covertants heroof. �;�: , f.'y`'�`'�" .—
<br /> .� � R:a remedy herein conferred upon or reserveC to Truatae or Lender is intended to be exc��sive of any other remedy heretn,in the Loan t•:' �=��
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<br /> .` Crsiruments or by law provlded or permitted,but each shall be cumutative,shall be in at W:ion to every othet remedy glven herounder,in . '��� , �W
<br /> ,+'I�A^;t"�uti��«`,, . .. �'-
<br /> :.�_:;:,, " tr.a Loan Instn:��nts or now ot hereaiter ex"sting et lanr or in equity or by statute,and mey be exercis.�concurrently, independersu�r� ;.,,}�. ,,�,�,�.,,,:•
<br /> . �,�
<br />-.:�.�:;:;, succeBSlveN. . .;�• Y��;:i4�"�: � ,t;_
<br /> �.t:`:. 13.T�u�teo.The Trustea may resign at a-:y tlme ivithout cause,and Lender may et any time and without cause eppoint a succ�:cr ,_, ��„�:, ., _
<br /> � or subciftute Truatee.Trustee shall not be Iiable to any party,fncluding without limitation Lender,Barrower,Trustor or any purchase►of • � -
<br /> ±he Property, for any loss or 4emage untesa due to rec:d�s9 or willfut misconduct, 4�d shall not be requUed to t�9cs any acHon in .�� . • • —
<br /> co�nection wfth the entorcelr.ent of thls Deod of Trust untess indemniiled,in writing,'or a�costs,eompensation or expenses whieA may ' �''
<br /> be assoeiated therewlth. In addition,Trustee may becorm-�a purchaser at :ay sate of c"a Property (judicial or undet the power of s�a � • � i" `
<br /> granted herelM:postpone the sale of all or any portion of the Roperty,as pruv:7ed by taw;or sell the Property as a wfiole,or in seR�-a:o "�� _ -
<br /> parcela or lote at Trustea's discretion. � • ,. �� � �`
<br /> 14.Fae��nd Expenssa.ln the event Trustee setls the Property by exorcise of power of sate,Trustee ehall be entftled to eppty eny aele • �
<br /> proceeds flret to payment ot all costs and expensea of exerclsing power of sale, including all Trustee'e fees, and Lender's ond Trustee's • ' �
<br /> attorney's fees,a�.KUally incurrad to extent permitted by appficable law.In the event Borrower or Trustor exercises any right provlded by ' F'"�
<br /> law to cure an Evant of Default,Lender shatl be eniitled to recover irom Trustor aIl costs and expenses actuatly incurred as a result oi . ; • • _
<br /> Trustor's default,including without Bmitatlon alI Trustee's and attomey's fees,to the extent permftted by applicablo law. ' _
<br /> 15.Future Advances.Upon request ot Borrower,Lender may,at ita optlon,make additional and future advances and readvances to : � � , �
<br /> Borrowsr.Such advances and readvances,wlth interest thereon,shall be secured by this Deed of Trost. At no time shafl the principal � `
<br /> amount of tho Indabtedness socered by this Dood of Trust,noi ficludiag sums advanced to protect the security of this Deed of Trust, � .
<br /> exceed the odginal ptinclpal amount stated heretn,or 8 535.000.oo ,whlchever is greater. . • ��
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