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<br /> . ds' In connectlon with condamnatlon or other teking oi the Properly or paR�ne name an�r act�n oe Proceedings and shalatalso ' ,�
<br /> �Procee ) ear in end rosecuto ln its ow Y
<br /> Lender shell be entitled at its optlon to commence,epp P �
<br /> be entitled to make any compromise or settlement in connectfan with such taking or damage.In ti 8ali such proceeds�iafterPdeductin8
<br /> so taken or damag�d,Lencler shall have the option In its sole and absolute discretlon, to app y
<br /> theref`rom all cor�sa nd termine,ornto apply elltsuch Pnocc+eds,fafterusuch deductlons t o he restorat on of the Property uponnsuch con- •
<br /> order as Lende Y Ilcation oi Proceeds to fndebtedness shall not extend or postpone lhe due date oi any pay- ��
<br /> dltions as Lender maydetermine.Any app �
<br /> ments under the Note,or cure any detault thereunder or hereunder.Any unappied tunds shall be pafd to Trustor. - �`
<br /> 8.Performance by Londer. Upan the occurrence ot an Event of Default hereunder,or if any act is taken or legal procoeding _
<br /> commenced which o o1edemendeupon T uator�and wilh uhealeas ng Tr sf toe from enytobl gati�onc do�any act whc h Tbustori has g�eed ,���_
<br /> and wlthout not�e t '��*�=—v
<br /> �� but failed to do end may also do any other act it deoms necessary to protect the security hereof. Trustor shail, immediately upon ,�_-_ —
<br /> •.�:,':.,,_
<br /> . " damand therefor by Lender,pey to Lender all costs and expenses Incurred and sums expended by Lender in connection with the exer- .,4. Y�M�
<br /> •;..,.�.�--- --
<br /> clse by Lenddr of the(oregoing riphts,together with Interest thereon at the default rate provided in the Note,whlch shall be added to tY X.,��---
<br /> the Indebtedness secured hereby.Lender shall not Incur any Ilabiliry becauso o(anything it may�b1e�'aWSt tordinancesnand reguiations _;.
<br /> 9. Hazardoua Materials.Trustor shall keep the Property in cornpUance with all app `�:.,.-
<br /> �:.._
<br /> relating to Industrfal hyfliene or environmantal protectfon(collectiveiy reterred to hereln as"Environmental Lews).Trustor shall keep ' �,,``
<br /> the Property free f tenals'8 Trutstorehe eby warrants and rep esent�to Lenderr thatEthere ara no IHazardous Materfalsfon or undeerthe _-
<br /> as"Hazardous Ma ) _
<br /> Property Trustor horeby agrees to indemnity and hold harmless Lender,Its director3,officers,employees and agents,end any succes- i��
<br /> sors to Lend�ra Interest,from and against any and all claims,damages,losses and IiabilitiesTHE FOREGOING WAfRRANTIES AND '=-
<br /> use, dfsposal or transport of any Hazardous Materlols on,under,from or about the Property �,';.
<br /> � REPRESENTATIONS, AND TRUSTOR'S OBLIGATIONS PURSUANT TO THE FOREGOING INDEMNITY. SHALL SURVIVE .
<br /> RECONVEYANCE Of THIS DEED OF TRUST. �-�
<br /> 10.Asslg�ment of Rents. Trustor hereby assfovlded thet�Trustoa hall�tu tll the ccurre ce of an Event oii Default,hereunder �,;�;..:
<br /> • " after arising rents, issues and proflts of the Property;p .,,T,�_^
<br /> have the right to collect and retaln such rents,Issues and proTits as they became due and payable.Upon the occurrence oi an Event of -±�-
<br /> & ' Qefault,Lender may,either In person or by agent,with or without bringing any ection or proceeding,or by a receiver appointed by a �•• j:,;
<br /> court end without regerd to the adequacy of its secuiity,enter upon and take possesai�n of the Property,or any part thereof,in its own ' J}��
<br /> : name or�of the Propertythor any part th eof or Interest herelnt,oe to increase he income t el ef omror protect the secu ty he�eoff andr --
<br /> '�', rentabllity `
<br /> with or without taking possesslon of the Property,sue tor or otherwise collecl ihe rents,Issues and profits thereof,including thoso past �-
<br /> f due and unpaid,by notifying tenents to make payments to Lender.Lender mey apply rents,issues and profits,less costs and expens- ;,�:�° --
<br /> � ; es of operation and collectlon Inkindin ossesslon ofthe Property,�thet co lection oi s cherents,essues a d profltss nd he ppllcat on '�'y, _
<br /> � mine.The entering upon end ta g p '��,
<br /> ; thereof as aforesaid shali not cure or waive any defeult or notice of defauit hereunder or Invaiidate any act done in response to such � Y
<br /> � � tlefiauif or pursuari ta suc.h no'.E�s of rlefault and.notwithstanding the conqnuance in possession of the property or the colle^fi he '=
<br /> .� recelpt and applicatbn oi rents,fssues or profits,7rustee and Lender shall be entlttecl to exerciya avar�r�t$ht pmvldcd!or in eny_ -- - . '
<br /> • Loan Instruments or by law upon occurrence oi any Event of Detault,including without Iimitetion the right to exercise the power oi sale. �iC�=;:
<br /> Further,Lender's rights and remedles under thls paragraph shali be cumulative with,and in no wey a Iimitatlon on,Lender's rights and
<br /> remedies under any esslgnment of leases and rents recorded agalnst the Property.Lender,Trustee and the recelver shail be Ilable to _
<br /> account only for those rents actually received. �-
<br /> ' 11.Events of Datault.The following shall constitute an Event of Default under thfs Deed of Trust: _
<br /> r (a)Feilure to pay any Instailment of principal or interest or any other sum secured hereby when due; r�
<br /> (b)A breech of or defeult under any provlsion contained In the Note,th(s Deed of Trust,any of the Loan Instruments,or any
<br /> „ other Ilen or encumbrance upon the Property;
<br /> (c)A wril of executlon or attechment or any similar process shaN be entered against Trustor which shali become a Ifen on
<br /> ' the Property or any portlon thereof or intvrest therein; _
<br /> �'' (d)There shall be filed by or against 1'rustor or Borrower an action under any present or future tede�ral��stat�$eeth�eiVe�tor _�
<br /> law or regulallon relating to bankruptcy,insolvency or nther reUef for debtors;or there shall be epp Y _
<br /> � Iiquidator otTrustor or Borrower or vf all or any pan of the Property,a the rents,Issues or proflts thereof,or Trustor or Borrower -
<br /> ;; � shall make eny general assignment for the benefit of creditars: ��
<br /> ; S (e)The sale,transfer,Iease,assignment, conveyance or further encumbrance of all or any part of or any interest In the `M-��-
<br /> � Properly, eilher volunterfly or involunterily,without the express written conaent of Lender;provided lhat Trustor shail be permit- �_���
<br /> �� ; ted to execule a lease of the Property that does not contaln an optlon tu purchase and the tertn oi whlch does not exceed one -
<br /> '�::�T
<br /> " ; yoar, _ _�
<br /> , ; (�Abandonment oi the Property;or `^__
<br /> ' . (g)If Trustor is not an individual,the issuance,sele, transier, assignment,conveyance or encumbrance of more than (if a -� _-
<br /> corporatton)a total of percent of Its issued and outstanding stock,or(if a partnorship)a total oi Pe�-
<br /> 1 cent ot padnership interests,or(If a Iimited Ilabllity company) a total of __percent of the Iimited Iiability compa- ''.��;�•����L-
<br /> I the erlod this Deed of Trust remains a Iien on the property. � ��+;��
<br /> ny intere�stsor vodng rightsduring p
<br /> I 12. Remedles;Aeceleration Upon Deisutt.In the event of any Event of Default Lender may,without notice except as required t��,,;__. A'
<br /> ' by law,declare aN indebtedness secured hereby to be due and payable and the same shall thereupon become due and payable with- �
<br /> � out any presentrnent. domand,protest or notice ai any kind.Thereafter�onder mey: :'�:•' . �
<br /> i (a)Demand that Trustee exercfse the POWER OF SALE granted herein,and Trustee shall thereafter cause Trustor's intor- �
<br /> :.fi• :
<br /> est in the Property to be sold and the proceeds to be distributed,all In the manner provided In the Nebraska Trust Deeds Act; . . . .
<br /> 1 (b) Exerclse any and all rights provided for in any of the Loan Instruments or by law upon occurrence of any Event of
<br /> Default; and
<br /> 1 (c)Commence an action to foreclose this Deed of Trust as a mortgage,appofnt a recefver,or speciflcally enforce any oi e
<br /> I covenants hereof.
<br /> No remedy herein conferred upon or reserved to Trustee or Lender is intended to be exclusive of any other remedy hereln,fn the oan
<br /> Instruments or by law provided or permitted,but each shall be cumulative,shall be in addltlon to every olher remedy given hereunder,
<br /> ! in the Loan Instnxnents or now or hareafter exisqng at Iaw or in equfty or by stetute,and may be exercised concurrently,Independentiy
<br /> or sucCesively. int a suc-
<br /> 13.T�ustee. The Trustee may�es�gn�at�ny t�Qe�wA►nvU ertv Includi pewidthouta mat Uon tLenderaBotrrower�Trus oPO any pur- �
<br /> _�,;.. _
<br /> ' CBSSOt Of SUUS[iTUie i ru5iirero.i Puo:oo��............-..__-_ .. , . . �a,,,,,,,^, ,. -_:—�.--
<br /> ; chaser of the Property,for any loss or damage unloss dud to reckless or willful rnisconduct,anrf shau no[be requiraci i�iu�a ar�
<br /> in connection with the enforcement of this Doed of Trust unless indemni6ed,in writing,for all costs,compensation or expenses which
<br /> ' may be associated therewith. In addition,Trustee may become a purchaser et any sale of the Property(udiciai or undor the power oi
<br /> sale granted herein); postpone tt�e saie of all or any portion of the Properry, as provided by law; or seit the Property as a whola, or in
<br /> � separa4e parcels or lots at Trustee's discretion.
<br /> 14.Fees and Expenses.In lhe event Trustee sells the Property by exercise oi power of sale,Trustoe shall be entitled te apply
<br /> any sale proceeds first to payment of all costs and expenses of exercising power oi sale,including all Trustee's fees,and Lender's and
<br /> . Trustee's attornoys fees, actually incurred to extent pormitted by appiicable law.In the evont Borrower or Trustor exercises any rig!�t
<br /> , provided by law to curo an Event of Default,LendQr shall be entitled lo recover irom 7rustor all costs and expenses actually fncuRed as
<br /> a result oi Trusta's do(auil,including without limitatfon all 7rustee's and anorney's tees,to the extent permitted by appifcable law.
<br /> � 15.Futuro Advances. Upon request of Borrower, Lender may,at its option, make additional and tuture advances and read-
<br /> vances to Borrower. Such advances and readvances,with inlerest theroon, shall be secured by this Doed oi Trust.Al no timo shall the I
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