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<br /> • 'Proceads7(n connedion with condemnation or other taking of the Propariy or part ttiereot,or for conveyanse in lieu oi wndemnation. ." „ • ., '` <,'�=-��l
<br /> Lender shali be entitled at its option to cammenoe,appear in and prosecute in its o�m name any action or proceedings,and shali also ,. . � '�r
<br /> be entiUed to make any compromiso or setdement in connection with such taking a damaga.in ttie event any poition of the Properly is , . `',.x-.�.,_.
<br /> so ffiken ot damaged.Lender shal}have the cpBon in its sole and absolute discraHon,to appry all such proceeds, after deducttng ` . . � �..
<br /> tl?erefsom all�and expenses incurted by it in cannectlon with such Pmceeds,upon any indebfedness secured hereby and in such , � —
<br /> ortter as Lender may determine,or So appiy all such Proceeds,after such daductions,to the resioracion of the Properry upon such con- `��
<br /> . �itions as Lender may detsrtnine.Any appliption o!Proceeds to indebtedness shall not exiend ar postpone the due date of any psy- � '� � � � : —
<br /> �. ments under the Note,or cure any defaut!inereunder or hereundec Any unappGed funds shall be paid to Trustor. ' , � ' ':o�
<br /> 8. Pertormanc�by Lender. Upon the oocurrence of an Event of Defautt hereunder,or if any act is taken or tegal proceeding ' ' _
<br />�_ • commenoed which matertaily affects Landers interest in the Properiy.Lender may�n ifs own discrefion,but without obiigation to do so, �
<br /> and vrithout norice to or demand upo,i Trustor and without reteasing TrusWr from any obiigation,do any act vrhich Trustar has agreed . • __
<br /> ' but fatied to do and rmy also do any other acC it deems necessary to proted ihe securiry hareof. Trustor shaii, immediately upon - • — :—°, ;- --
<br /> ' demand therefor by Lender,pay to Lender all costs and expe�incumed and sums expended by Lender in connection with ths exer- , f`;:,' � � :
<br /> cise by Lertder of the furegoirtg rights,together with interest thereon at the defaul4 rate provided in the Note,whict►shall be added to ";�'' ' `".;'��f'==
<br /> ' the indebtedne5s secured hereby.Lender shall not inan any ItabiCty because of anyRhing it may do or omit to do hereunder. �`-:� �-,;`�: �-��-,-
<br /> 9. Hazardous �Aa2EriaLs.Trustnr shall kee�ths Property in oomptiance witri all applicabte faws, oniinanoes and regutations ': �'.`-.._::�'; �
<br />_ �>� ��. X:•..:,;� �
<br /> relatlng tn industrial hygiene or environmenfal proteGion(col!ecUvety referted to herein as'Erniranmental Laws'.Trustor shall keap � ���• �• �� --
<br /> � the Properry iree irom all substanoes deemed to be ha�rdous or tabc under any Envimnmental Laws(colleaivafy referred to herein �`-"= ��
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<br /> as'Hazardous Materiais7.Ynistor hereby warranYS and represents in Lertder that there are no Harardous Materials on or under the � •''{�+���_m===--
<br /> ` Property.Trustar hareb a rees to indemn' and hotd hartniess Lender,its direc�ors,officers,em to ees and a ents,and an succes- � �}����� `-
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<br /> � sors to Lende�s interest,from and against any and ali ctaims,damages,losses arid liabilities a:ising in connectlon with th$presence, �;,s��=�=�
<br /> use,disposal or transport of any Harardous Materials on,under,fram or about U;9 Propertyr.THE FOREGOING WARRANTIES AND � • °�''=
<br /> REPRESENTATIONS,AND TRUSTC3:�'S OBUGATIONS PURSUANT TO Ti}9E FOREGOING INO�MNITY,SHALL SURVIVE � '`"���f`;�.',`r':
<br /> RECONVEY/WCE OF THlS DEED OF?�tlST. � , w � �`—
<br /> , 10.Assipnment o8 Rar�s.Tn��hereby assigns to Lender,and grants Lsrufer a security interest in,all present,fuiure and � ,�-,����,..
<br /> . after arising rents,issues ahd�rofds of�;e Property;proviQed that Trustot sha0,w��:�tea occurtance of an Event of Dafauft,hereunde►, � � ,
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<br /> have the tight W col►ect and retain such rents,issues aad profits as they become��nrtd payable.Upon the occurrence of an Eveni of �;, �'�',�� "i:��
<br />-- Qefauit,Lender may,ei�9er in person csr by agent,with or witfiout bdnging any ac�s�or proceeding,or by a c�asiver appointed by a '�� '
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<br /> court an�w3thout regard to the adequa�af its security,enter upon and take possession of tt►e Pm,�erty,or any part thereof,in its own � ?� ,�t � -�
<br /> name or in the name of the Trustee,�do any acts which it deems necessary or desirable L*s c�msenre tfie value,marketablity or `�, ;lr��' -
<br /> rentability of the Property,or any part�e:eof or interest therein,or to increase tine income theref:-�-�er protect the security hereof and, t' •
<br /> with or wItfiout talcing posszssion of Uie Panperty,sue for or othe�wise collect the r-,�.��,issues and profits thereof,induding those past � �� �: 3"
<br /> due and unpaid,by notit�ranants to make payments to Lender.Lender may�R�!y �znts,issues and profits,less costs and expens- ;;� ' "'�"'` `''� -•-•
<br /> es oi ope�and ce'.1�i�.�induding attomey�s fees,to any indebtedness sea.�hereby,aA in such order as Lender may defer- � `�� :���
<br /> � mfne.'Phe�nng upa�a:�d taking possession of the PropeRy. the coflecUon of such rents,issues and profits,and the appGcaUon �'; � �''
<br /> thereof as atoresatd s�'1 not cure ar waive any default or nofice of dsfautt hereundar ar InvaBdate any act done in response to such ,�'`x �'
<br /> defautt ar pursuant tn s•�.notice of defauit and,notwithstanding the continuarr�e in possession of the properiy o�the collection, "'.;�l�,�:';.:•_ _
<br /> recet t and a IipUon c���,issues or profits.Tnrstee and Lender shall be ent7`.�d to exercise eve d ht rovided for in an of the �,��t� .;ri}%��"^�''
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<br /> Loan lnsbumen4s or by ta�r upon oa:urrenoe of any Event of Default,inciuding without limitatlon the rtght W exerase the pawer of safe. �;� �,.(,,,�;��;�:;
<br /> Further,Lender's rights and remadiss�:.��er this paragra�h shall be cumulative with,and in no way a limitatian on,Lenders dghts and
<br /> .' remedies under any assignment of tecs�and nents reoorded against the Proper4y.Lender,Trustee end the receiver shall(oe ltebte to ''{�,�?� �` �
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<br />. .•`.r. aaxuntontyforthosrarentsactual►yrecaired. �'�'��,..,, �" ��
<br /> -- . 11.Eve�tts of Defautt.The ti`oitawing shafl wnstitute an Ever►t of Defiauit undar this Qee4 of Trusk ,,�;::.:. � '� "-
<br /> (a)Failure to pay any installment of pdnctpal or interest or any ofher sum secured hareby when d�ce; , ,:..- '�� r
<br />' . (b)A breach of or defauft under any provtsion oontained in the Note,th(s Oead of Tcust,any of the Loan Instrumonts,or any ��`____
<br /> other lien or encumbrance upon the Property; -- �:
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<br />, (c)A writ of exeartlon or attachment ar any similar proce�s shall be entered against Trustor which shafl become a lien on
<br /> •� the Property ar any poNon thereof or interest therein; �•� e�•' �:.:
<br /> (d)There sfiail be filed by or against Trustor or Borrowar an acUon under any present or future federat,state or other statute. �'`�"., � '��-
<br /> ' faw or regutat�on retaUng to bankrupTCy,insolvency or othsr reiiei for debtnrs;or there shall be appol►ted any trustee,recetver or "�`. .-���j
<br /> liqaida�or of Tnistor or Borrower or of ai!or any paR of 9he PropeRy,or the rertts,issues or profib thereaf,or Tn�stor or Bortower
<br /> shall ma(ce any general as.stgnment for the benefit of�sditors; r=— --_:.-.--
<br /> � .., (e)The sale,transfer,tease.��signment,conveyance or further encumbrance of�L'�r any part of or any inter�st in the ��g���----�
<br /> PropeRy.either voWntadty or im+a�:miarity,wfthout the express written consent of Lender,provided that Trusta shalt be permit- '��`�`
<br /> �':-�,.�._,�.. _-
<br /> ted to exearte a lease oi the PropeRy that does not contain an opUon to purchase and the term of which does not exceed one .�::.; ,y
<br /> ' year; �,�,�_
<br /> �1.� (Q Abandonment o1 the Property:or �`�^:.�.•'.. --�--_
<br /> (g)If Trustor ts not an 1ndlvlduaL the issuance,sale,trr.rw`.er,assignmQnt,camreyanoe or encumbrance oi more than(if a � .�"`r�='
<br /> •,'•.� , corporeUon)a tofal oi percent of its issued ar���cstarnling stoctc,ar((f a partr�orship)a total of per- -- _ _ ., � -
<br /> '. cent of partnerst�interests,or(ii a limited IIaN!iry company)a totai of peroent ot the limited liability oompa- ~ ����' � � � .
<br />. • . �y interests or vct;��dghts dudng the period L�iy fleed ot Trust remains a t�n on the propeRy. � �="�!'!`='�'�!"`
<br /> 12.Reraicdles;Aeeeleratton Upon OafauM.in ina event oi any Event of O�lsult Lender may,without noUce except as required -;',�s��:��-_•-
<br /> .: . by law,dsd_re ail Indebtedness secured hereby to be due and payabie and the same shail thereupon become due end payabfe with- �'� ��
<br /> oat any��snUnen�demand,protest or no8ce of any kind.Therez°n Lender may: �.,»�'�'y�;�:�
<br /> ' (a)Oemand Ihat Trustee exercise the POWER OF SAL�s�anted herein,and Trosto�shail thereafter cause Tnisto�s Inter- � " "'""�'"'�"""'
<br /> esi n the Pnopefi/to be sotd and the proceeds to ba dlstribut.d,atl in the manrrer provided ln the Nebraske Trust Deeds Ac$ �- :�
<br /> (D)Exerctsa�:,�and all dghts provtQed tsv in any of the Loan Insblsm3nts or by law upon ocaurence oi any Event ot 'n�� �• • ;• '—
<br /> �� Oe?aui�and .: •�.� _�. �
<br /> Zzy CommEr,os 2n acUon to toredose this G^_d ai Trus2 as a mortgaa��.Gppoint a receiver,or spedficalty enforce any ot tha ���'_ .'�
<br /> � � coy�m�nis hereof. :•.�: ,:.�r-. •. 'i:.
<br /> No remedy herein con'erred upon or resenred to Trus:�e or Lon��s e.�tonQed ta Ge exGusive of any other remedy hereln,in t:he Loan � � �;"��'�-•
<br /> ,--`;�. .. ..
<br /> InstrumenLS or by law prav'sCad or pertnitted,but ezoT�'.!be aimJative,sha+.l ba ln additlon to every other re�sdy given hecaunder. ,. --°=_��x�5}:�-:
<br /> • In the Loan InsUume�G crr now or hereafter existing 2:Cja�or in equiry or by sta^tta,and may be exercised concu�renUy,independenUy - '" ""•°?i �:�n•;,
<br /> :. or suoceshrely. ' . ;�,��:•;t;,'';.
<br /> 13.Trustee.The Trustee may resign at any time wlthout cause,and Lender may at any Ume and wiihrr�.�csuse appoint a su� • . .
<br /> cessor or subsUhRe Tnistee.Trustee shall not be ilabte to any party,inciuding without qmltatlon Lendar,Bartower,Trustor or any pur- - . � •-•-•-�
<br />� . chaser ot tlhs Proporty,for any toss or damage unless due to reckless or wltiful misoonduct,and shali not be required to teke any action ' '�^��'' � - - ����
<br />•• in oonnectian with the enforoement of this Oeed oi Trust unless indemnifled,in writing,for all costs,compensaUon or expenses which • . � , : �---_
<br /> • may be associated therewith.In addidon.Trustee may b000me o purchaser at any sale oi tho Property(judidal or under tha power of : . t_.,-,.
<br /> saia granted herein);pastpone the sale of aH or any portlon of the Property,as providad by Iaw;or sell the Property as a whale,or in M1 �� " •""�r�.'. �.
<br /> • separate parc,ets or Iats et Trustee's discreUon. ' •
<br /> 14.Fees and Expenses.In the event T►ustee sefis the Property Dy exercise oi power of saia,Trustee shall be entitled to apply �_ ., � . • i''
<br />• any sale proceeds first t�payment of all costs and expenses oi exercising power of sate,inctuding ail Trustee's fees,and Lendar's and • . .
<br /> Trustee's attomeys fees, actuatiy IncuRed to extent permitQed by appiicable taw.In the event Borrower or Trustor exercises any right �. � . � . ' �
<br /> provided by law to cure an Event oi Default,Lender shall be entiUed to recover from Trustor atl oosts and expenses actuatly incurred as : � • • � '_ `
<br /> _ a resul4 of Trustors tlefaui�including without limitatlon all Trustee's and attnmey's tee�.to the eYtent�►rmittr�f hy apnlirnabiw Iaw
<br /> •, ' 15. Future Advances.Upon request of Borrower,Lender may,at its optton,make addiUOnai and future advances and read- . .� �
<br /> � vances to Barrovrer.Such advances and readvances,vrith interest thereon,shall ba se�ured by this deed of Trust.At no tirpe shall tha ,� � .
<br /> ' ' � . alll�:
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