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<br /> 7.Emineni Domafn.Lender ea hareby asslgned ell tompensat:on,e►vards,demages end other Daymenta or reliaf(hereinafter'Proceeds'1 � • , '� '� �'`
<br /> in eannection with conQemnetion or othar tefdng of the Propertyv or part thereoi,or for eonveyance In iteu of condemnation.Lender shatl �
<br /> taken or Qamaged,Lender shall have the aptian in ite sote and absoluto discretion,to apply a11 such Piroceeds.9fter deductlng therefrom < . � '`'�"
<br /> 811 costs and expanses incutted by it in CanneeNon viith auch Procee6s,upan any indebtadness se�ured hereby end in suah erder as • � •
<br /> � Lender may detortnine,ar to apply ell such Proeeoda,otter eucfi deductions,to the restotation of the Property upon�ucfi Condittone as � � ' '�Y
<br /> j lender may dctermine.Any applieation of Proeeade to indabtednesa ahall not oxtend or postpone the due date of any paymants ur,der � .
<br /> ` � tha Note,or cure eny detauti thercunder or hereundar.Any unapplied 4und9 shall6e paid to Trustor. � . --
<br /> i 8. P+tfartnartp 6y lond�r.Upon the accurtence ot en Event of DefeuR hereunder, or if any act is taken or tegsl prote3ding • �
<br /> � eommeneed which matadatty aNects Lertdars inierest in the Property,Lender may in its own discretion,but without obligation to do so, ,. �.
<br /> end without notice to or demand upon Trustor and withaui releasing Trustor from any oblfgatlon,do any act whicA Trwtor has eflreed , �-
<br /> �but faits to do and may afso do eny other act ii deems rtecessary to protect the security hereof.Tnutor shail,immediately upan demartd ` ;=
<br /> �tharefot by Lender,pay to Lender all co5ts and expenses incurted end Sums expended by Lender in connaction with tha exetciso by . •
<br /> � Lender of the foregofng rights,tagether with interest thereon et the defautt rate provided in the Note, wh9ch shall bs added to the ' ���
<br /> .�-� �Indebiedness secured h�eby.l.endes sheU not+ncur any Gability 1�2causs af enyth:n�n anay do or omit to do hereundar. '_ . . -..-.
<br /> 9.Hazardaus PdatedaLs.Trustor shait keep the Property in compliance wit'�at�ayp+icahta iaws,ordinances a�d regutetions retating m
<br /> ` � • at . ., • '�
<br /> �industttal hygiene ar environmentaf protection icoilectively referted to herein�°�vironmental Lews'f. Tr.�tor shell keep the Praperr,
<br /> free from ail substr,a�oas deemed ta be hazsrdous or toxic under any Envirc�e'rra;Laws(collectivefy refe.-sd 2o h�arein as°Hazarrlaus ;
<br /> Materiais'1.Trusici:fiaahy viraaants and rapreser�ts to Lencter that ihere��a y�srdous Ma!erial on or under the Froperty.Trustor
<br /> � h�y egrees t�indemnifSr �ed hotd harmless Lender, its dveco�rs, af��s e�ryees s.�9 agents, and any saccessors to lBndar's � �--
<br /> .�; intera�t.frv:n and against any and aD ctaims,damages,tosses ar�d �ak�cC�a�is�g in connection with the presence, use,disposal or • . "�
<br /> •'1 transpa;t of�sry Haxardoua Meteriats on,under,from ot about the Prope[ty.�-kE FOAEGOING WARRANTIES AND REPRESENTATIONS, � � : � �-
<br /> AND TRUSTOR'S OSU(iATtONS PURSUANT TO 7HE FOREGOING INDEMt�'"Y,SHALL SURVIVE RECONVEYANCE OF THIS OEED OF . , � � '
<br /> TRUST. . ' �'
<br /> 10.A�atynmartt of Rants.Ttustor heroby assiprts to Lender,and grartts Lendar a security interest in,eill prasas�t,tuture snd aRer "
<br /> �, rising teMS,issues and prafits of the Proparty:provided that Trustor shail,untft tho oceu►re�c�of an Eveni o!Det�uft httreunde►,heve . �� ;•.��;�,��
<br /> the dpht to coltect and retain such ronte,bsueo and proflts as they became dua and payable. Upon tha accurrence of an Event of , ..;-�,,;;��; • �=_
<br /> Oefauk,Lender may,e'ttAer in person or Dy eQent,wiEh or withoui bHnpfnp eny actton ar proceedinp, nr by s roceiver appointad by s ,
<br /> eaurt and withaut repard to the edeqwcy of ita�ecur(ty, anter upon snd t�ke pouesston of the Property,or any put t4�oraof,in its awn �'
<br /> name or in the name of the Trua2es,and do any aeti whieh it desms neaessary or desirabte to prosorve the vatue, marketebitity or • � . --
<br /> renteLilEty oi the Proparty,or any part thereo}or interozt therein,Ot to InCtease tho lncame therefror!�or protect th0 socudty hareof tufd, �
<br /> wlth or v�fthout takinp po�aa�alon o}the�opony,oua for or otharvvise callact the ranta,isauaa nrtd profita thereof,inc(udinp those past � � _ •
<br /> • dus and unpeld,by notitylnp ten�nts to m�ks payments to Londar. Lendu may appty r�nts,iuusa end profits,fes3 coste and oxponsas .. _�...,�°.�.,;
<br /> of oparotion�nd collection Ineludirtp attomsya'fee�,to any indebte�ness socurod hareby,ell in auch ordar ee Landar mey deiermine.The , . �ti,` �—
<br /> • entarinp upon and takfnp poai�alon o} the Proparty, the eolleotioa of auch ronta, iuues and protita, md the appiteation thereof as �.}��''
<br /> atora�eld,sha11 not cure or waive eny detault or notice of defauit hereunder ar invatidate any eet done(n response to such detnuit or • � �:'
<br /> purauant to aueh notice of defeu;t and. notwtthstandfnp tho corKtnuance in possesston of the Property or the colieation,receipt and I+�-��^� .
<br /> appllcation o} renta, isaues or profite, T►ustee and LenAer ahell be entftled to exercise every right pravided tor in any of the loan _�.f�.lf•�'' �.
<br /> Inatruments or by law upon accunenee of any Event of Oefault,irtcfuding without 1lmitation tha rtpht to exercise the power of sals. • -
<br /> Further,Lenders�Ighte and remedi�s undar this pe�•egreph shall be cumulative with,and in no wny a Iimitation on,Lender's righte and • •' :,� '�.; �
<br /> romedies under any oasipnment o4 teases and renta reeorded agolnst the Propertlr. Lendor,Truatee and the racaiver shatl be I(able to , � �;, � �
<br /> account only tor those rents actualty►eceiveA. • � � '
<br /> 1 t.Erants oi�Nault.The toltowinp shatl eonstitute sn Event of Oefault w�der thts Deed of Trust: _ _ �
<br /> (a)Faiiure to pay any installment of pdncijsel or irterest of any other sum setured hc�rpby when due: ,.r. ``��i � ___
<br /> (b)A breact►of or default under sny provision contained tn the Note,thie Oeed cf�nust,any of the Loan Instruments,or any � ' '� �`
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<br /> other tlen or encumbrence upon the P►aperty; :^�; >. ,� � ,� —
<br /> ' (c)A writ of execution or ettechment or any similar process shall Ea��ered against Trustor which shait become a ilen on the s.�w : '� } -.�_-
<br /> ' � Property or any portlon thereof or interest therein; ' ` '`��''
<br /> -� (d)There shall be filed by or egainst 7rustor a Bortower an�on�:r�.zr eny present or future federal,state or othar statue,law �'-���--; •
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<br /> or regulation relating to bankruptay, insoivency or other reltsf fcr Ce::a�;or there shall 6e appointed any trustee, recaiver or .'�`�� • �l�,
<br /> ;ref: li�pklgt�r 4f Trti�Or or Boaower er nf ali or any peR of thw 1ka�xa�,�sr c":2�e�rn,issueA or orofiis Meraot,or YNStor av 9orrOwer .,:.��.� ' -i° '�"
<br /> � ;� shdl make any p9Deral assignmant for the benafit of eraditors: , �—''°
<br /> �,, }. (e)The sete,trensier,lease,essiflnment,conveyance or tuttrsr e�:3r+�iee of ati or any part of or eny(nterest tn the Property, .``��" �_ _
<br /> ,'�� e:.her vofuMa�'y or involuntanly,w(thout the express written consent cf;�:.�r,provided thet Truotor shail be permitted to executo � �
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<br /> o tease of the PtopeRy thai dces not contain an option to purchsse and C�e��.^n o4 which doe9 noi exceed ona year: .p,�,;,;�__—�
<br /> ' Ifl Abandonmant of the Properry;or .
<br /> � (9) If Tntstor is not an indivWuei,the tssuance, eate,transfer, a9s:��ent, eacrar�yance or enwmbrence ot more tha�+ Of a ;-;';i;';:.� ' �.;-�;-
<br /> � F. carpQrot(on)e totaf of N/n percent o! its issuad and outatandin stark,cr;;f a pa:�arshi )e total oi N/A �"�'�`= "
<br /> 8 P Percerrt of ....�� h
<br /> � . � paRnerahtp lntereaU,or i e �mited I(abilIty wmpany) a to4al oi N�A �-�n2 0}the limhed 11ebility corr�pany ternT or vot(nq ,;r,;,,�� . �,.�.._ —
<br /> dphts dudng the pedad this Deed o!Trust remains o Ilan on the Property. ..�,.
<br /> � 12.RQmcQlea;Qce�l�ratian Upon D�tauft.In the ovent o4 any Event of Ce+:�ott Lender may,without notico excapt as reAu'ved by law. . ��;���,�
<br /> � �� dectare ell indebfedness secu�ed hereby to be dua end paysOts and the sffine sha0 thareupon become due end payekt¢�iuiihout any . ,.'a,;{-��p':'°'.�
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<br /> presentmoM,demand,protest or notice of eny kind.Thereefter 9tx4er rnay: .. ,. . .-_�-�� __
<br /> (aJ Demand that Trustee exercisa the POWER OF SAl.E ��m�d tieratn, and Trustee shetl thereafter cause Trw.«�9 tnterest --
<br /> •�.'� • in the Ptoperty to be aold snd the proceeda to be dlstributed,oH��tRa R�.�-r:r provided in the Nebreska Ttust Oeeds Aet; ":- , � -- ,
<br /> lb)Exereiso eny end eil rights provided for in eny of tha Laa� �^::vmenia or by law upon oecurrence of any Event of .
<br /> 08fautt;end '�`�
<br /> (c1 CommOnce en action to foreclose this Deed of Trc,��-t as a mcr:�age, appo�r.t a �receivar,or epecificaliy enforca eny of the . �
<br /> coVenante heroof. ,
<br /> _ �r No romady herein conterred upon or reserved to Trustea or�a63r:s i:�ter��sd to be oxc(usive ot any othar romedy herein,in the Loen � �
<br /> Instrumenta or by(aw providad or permittad,but oach sha0 Qa e����f�'f$,�;,u be in addftion to evory other�emedy given horeunder,in � • �����%••`'-� _`
<br /> { the Loen Inatrumenti or now or hereaftor existing at law or in eQu:ty c�C�,r:strstute,and may be exercisc+d concuaentiy,indepondentty or :
<br /> aucco�aivoty. • ,
<br /> 13.TrustM.The Tnntee moy►eaipn at eny ttme without causo,and Lender may at eny;:me and without aeuse appulnt a auccessor '• � , �
<br /> or substttute Trustee.Trustee aheii not be Ilabte to any paRy,including without limitetion lender,Borrower,Trustor or eny purchaser of
<br /> the Property, for any loss or Qemage untess due to reektess or wiitful misconduct, end shall not be requtred to teke any aatlon (n . � : .'
<br /> , eonnection with the enforcement oi this Deed of Trust unless indemnified,in writing,for a�l costs,compensation or axpensos whiefi may • � — -
<br /> be as�aclated therowith.In edditlon.Truatee may 6ecome e purehaser et eny aete of the Praperty pudiciel or under the power of aete � �� ��_
<br /> arantad heroinl;postpone tha sele ot ell or eny portion of the Property,as provided Dy law;or seil the Property as a whole,or In seperete � �
<br /> parceta or lots et Tru9tee'o dl�cretlon. � �__
<br /> 14.iNS�nd Exp�ntas.1�tho event Trustea salls tho Property by oxercise o}power of sais,Trustee shail 6e entittud to appiy any aate
<br /> praceeds flrst to payment of aii costa and expensns ot exercisinp power of sate,inciuding ell Tru9tee's fees,and Lender's and Trustee'a � � —
<br /> � attomo}ra too9,actualty incurted to extent permitted by aypfict�bte law.In the event Bartower or Tru9tor exercises any right provided by . �.,
<br /> law to cure an Event of Defauit,Lender shall be entkled to recover from Trustor ell coste and expenses actuelty incurted es a resuit of � —
<br /> Trustor's default,including without timitetion all 1'ruatee's and attomey's fees,to the extont pertnitted by epplicable law. , . '
<br /> 16.Futura Advence�.Upon raquest of Borrowor,Lender may,at its op2lon,make edditional end futuro advance�ant)roadvances to �
<br /> Bortower.Such advances and readvances,with interast theroon,shati be secured by thts Doad of Trust.At no time c`��ii the principat • � .
<br /> amount of tho indobtadness sacuted by this Deed o}Trust, not lncfuding sums advanced to protect the security of th:a Deed of Trus2, � '
<br /> : i ezWerd tha ortgmN pdrtcipal amount steted herain,or 8 sa oo .vrhichever'ss greater. . �'•-
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<br /> � � IVBC34678 INOnagrieuYUrN Oced)Rov.0198 : .. . • ' �.
<br /> 1988 NetIM+.N BonM of Commotc!i�ulf nM Sev�nps Atsoaation,�rscWn,Npbroske I �
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