|
��
<br /> `"�' . ,
<br /> . .,� ,,,..... .; . . -.,,�
<br /> -�R .�, � . .. :r,l,�iV,k��r - -�
<br /> . .. . � ,
<br /> 711Nl1�. :,''l.. ,.� . . . ... , ' _
<br /> � •• .y.....,... . -
<br /> .. 1 .wUt�_. ..""_.-......... '�� . �. .. .. .�...._. .- ........ ..... .. . . .. - '� ,.•M'�ti''"
<br /> �. . ,... �-J�
<br /> + �..�'1C��.
<br /> . 98.-�t�i1�.8 w4}�-.�;:_.
<br /> �.;i;�.s..-===" ..
<br /> "Proceeds')In connectlon with condemnatlon or other teking of the Property or part thereof,or for conveyance In lieu ot condemnatlon. .x��,,�q,,-����
<br /> Lender shell ba sndtled at Ita option ro commence,appear In and prosacute In Its own name eny action or proceedings,end shall eiso , ,-:*,.,.-
<br /> be entitted to make any compromise or settlement In connectlon with such taking or damege.In the event eny portion of the Property is , • �+`���R_
<br /> " so taken or demeged, Lender shall have tho optlon In its sole end absolute discretlon, to appiy all euch proceeds, after deducting • -v :
<br /> ther�fr�m eli costa and expensas incurred by It In connectlon wlth such Proceeds,upon any indebtedness secured hereby end In such v� sa-:
<br /> order as Lender may determine,or to appiy ail such Proceeds,afler such deductlons,to the restoraUon of the Property upon such con- "
<br /> dltlone es Lendor may determine.Any appllcetlon of Proceeds to fndebtednoas shell not extend or postpone the due dete oi any pay- .. -��'�._';
<br /> monts undar the Note,or cure any default thereunder or hereunder.Any unapplled funds shall be paid to Trustor. `��• '`'t*''•�-
<br /> 8. Performanc� by Lender. Upon the occurrence ot en Event of Delault herounder,or Ii any act la taken or legal proceeding �+.a�,;,t��'-`�_
<br /> commencod v�hlch materlally aftects Lender's Interest in the Property,Lender may in its own dlscretion,but without obiigetlon to do so, `:'�,�":�--
<br /> and Hrithout notico to or demand upon Trustor end without releasing Ti•uslur Uom any obUgatlon,do any act wh�h Trustor has agroed T��,ro_�= -
<br /> ;,rr� but failed to do and may eiso do any other act It deems neceasary to protect the security hereoi.Truator shall,immediately upon �,����_==`
<br /> a��
<br /> demand therefar by Lender,pay to Lender all costs and expenses Incurred end sums expended by Lender in cainection with the exer- ,;`;�____
<br /> ' cfse by Lender of the forepoing righta,topether with interest thereon at the detaull rate pravided in the Note,which shall be edded to :y;.,8r-=-==-
<br /> the indebtedness secured hereby.Lender shall nat Incur eny IlabYity b6cause of anything it may do or omit to do hereunder. '�`�-
<br /> 9. Ha=ardous Meterlats.Trustor shall keep the Property in compliance wlth all appliceble Iaws,ordlnances and regulatfons '�_��-=-
<br /> relating to Industrial hyglene or environmentel protection(collectively referred to hereln as"Environmentel Laws").Trustor shall keep .;"'"���-
<br /> the Property free trom all substances deemed to b�+hazardous or toxic under any Envkonmental Laws(collecirveiy referred to herein =-== ° -
<br /> as"Mazardous Materials"). Trustor hereby warrants and represents to Lender that there are no Hazerdous Materials on or under the -�_�
<br /> Property,Tru�tor hereby agrees to indemnify end hold harmless Lender,Its directors.officers,employaes end egents,and any aucces- --
<br /> � sors to Lender's Interest,from arsd agalnst any and ell claims,damafles,loases and Ilabilltles adsing in conneclion with the presence, _
<br /> • use,disposal or transport of a�y Hazardous Materlals on,under,from or about the Property.THE FOREGOING WARRANTIES ANO
<br /> . REPRESENTATIONS,ANO TRUSTOR'S OBIIGATIONS PURSUANT TO THE FOREGOING INDEMNIIY, SHALL SURVIVE �=� �
<br /> 1 �==
<br /> � RECONVEYANCE OF THIS DEEO OF TRU$T. TM
<br /> 10.Asalqnmant of Ronts.Trustor hereby assigns to Lender, and grenta Lander a seaurity Interast in,all present,future and �
<br /> '•' after arising rents,issues and proflts of the Property;provided that Trustor shell, wtll the occunence of en Event ot Default,hereunder, �-4`-
<br /> heve the right to collect and retain such rents,Issues and praflts as they becane due and payable.Upon the occurrence oi an Event oi �_�_-
<br /> ^� Qefault, Lender may, either in parson or by agent,wlth or wRhout bringing any acdon or proceeding,or by a recelver appointed by a ,___.—.__
<br /> court and without regard to the adequacy of its security,enter upon and take possession of the Property,or any part thereof,in Its own �
<br /> „ ' name or In the name of the Trustee,and do any acts which it deems necessary or desirable to preserve the value, marketability or ��
<br /> �� rentabliity of the Property,or any part thereof or Interest therein,or 4o Increase the income therefrom or protecttha security hereoi and, ��`="="_ —
<br /> with or without taking possesslon�f the Property,sue for or othervvlse collecl ihe rents,issues and proflta thereof,inctud(ng those past
<br /> due and unpald,by notifyfng tenants to make payments to Lender.Lender may apply rents,Issues and proflts,less costs and expens-
<br /> � es ot operation and collectlon including attorney's feos,to any indebtedness securad hereby,ali In such order as Lender may deter-
<br /> mine.The entering upon and taking possession of the Property, the colleclbn of such rents, Issues and proflts,and the appl(cation
<br /> � thereof as aforesald shali not cure or waive any default or notir,a of default hereunder or invalidate any act done In respanse to su�h
<br />_. _..... __� default or pursuant to such notice of defeult and, notwithstanding the conUnuance In possesslon of the property or the collection,
<br /> - -- -
<br /> recelpt and applicatlon of rents,Issues or proflts,Trustee and Lender shalt be entltled to exercise every right provltled tor In any ur the
<br /> Loan Instruments or by law upon occurrence of any Event of Default,InGuding wllhout Ilmltatlon the right to exercise the power of saie.
<br /> Further,Lender's�ights end remedies under thls paragraph shell be cumula�vc�with, and In no way a Ilmitation on,Lender's rights end
<br /> remedies under any assignment of leases and rents recorded against the Properly. Lender,Trustee and lhe receiver shall be liable to �
<br /> . „ account oniy for those rents actualty recelved.
<br /> 11.Events of DetaulG The following shall constitute an Event oi Detault under ihis Deed of 7rust:
<br />� (a)Fallure to pay any Installment oi princlpal or Interest or pny other sum secured hereby when due;
<br /> (b)A breach of or default under any provision contained In the Note, thls Deed of Trust,any oi the Loan Instruments,or any
<br /> other Ilen or encumbrance upon the Property; �
<br /> (c)A writ of execution or ettechment or any simllar process shall be entered agafnst Trustor which shali become e Ilen on —
<br /> the Property or any portion thereof or Interest therein;
<br /> (d)There shall be filed by or sgalnst Trustor or Borrower an actfon under any present or future tederel,state or other statute,
<br /> �; Iaw or regulatfon relating to bankruptcy,insolvency or other rellei for debtore:or there shall be appolnted eny trustee,receiver or
<br /> liquidator of Tn�stor or Borrower or of ail or eny part ot the Property, or the rents.Issues or proflts thereof,or 7rustor or Borrower
<br /> t shall make any general assignment for the beneflt of creditors;
<br />_ _ (e) The sale,transfer, lease,assignment, conveyance or further encumbrance ot all or any part of or any fnterest In the
<br /> _ Property,elther voluntarlly or involunterily,without the express written conse�t of Lender;provided that Trustor shall be permit-
<br /> ted to execute a lease ai the Property that does not contain an option to purchase end the term ot wh�h does not exceed one
<br />: year,
<br />_ �� (fj Abandonment of the Property;or
<br /> (g) If Trustor(s not an individual,the Issuance,sale,transfer,asslgnmen;,conveyance or encumbrence of more than(if a
<br />-� ' carporation)a totai of percent of its issued and outstanding stock, or(if a partnershlp)a total of_ per- -
<br /> cent of partnership Interests,or(it a Iimlted ifability company)a total of percent of the limited Ilebflity wmpa• __
<br /> . ny interests or voting rights during the period this Deed of Trust remalns a Ilen on the property. - -
<br /> 12.Remedtea;Acceieration Upon Defeult.In the event of any Evenl of Default Lender may,without notice except as required ' ___,_____.
<br /> � by law,declare all indebtedness secured hereby to be due and payable and the eame shall thereupon become due and payable wlth- ��� �V_-----—
<br /> - '•+ out any presentment,demand,protest or notico of any kind.Thereafter Lender rney: ���.�yi����
<br /> ��_.�-�..«.
<br />- (a)Damand that Trustee exercise the POWER OF SALH granted herein, and Trustee shall thereafler cause TrustoPs fnter- ���`""��^
<br /> . ,::3.?�r?�-..
<br />_ , est in the Property to be sold and the proceeds to be distributed,all in the manner provtded In the Nebraska Trust Deeds Act: ..1���
<br />_ (b) Exarciso any and all rights provided for in any of the Loan Instruments or by law upon occurrence ot any Event o( ,
<br />� Default;and .. ��'
<br /> (c)Commenc:e an action to foreclose this Deed of Trust es a mortgage,appoint a receiver,or specifically enforce any of the �
<br />-. covenants hereoL ,
<br />_ No remedy hereln conierred upon or reserved to Trustee or Lender is intended to be exclusive of any other remedy hereln,In the Loan
<br /> • Instruments or by law provided or permitted,but each shall be cumulative,shall be in addition to every other remedy given hereunder,
<br /> in the Loan Instruments or now or hereafter existing at law or In equlty or bystatute, and may be exercised concurrently,independently
<br /> � or succesively.
<br /> ' 13.Trustee.The Trustee may resign at any time without cause,and Lender may at any time and witfaut cause appoint a suc-
<br />- cessor or substitute Trustee. Trustee shall not be Ilable to any party, including without Ilmltation Lender,Borrower,Trustor or any pur-
<br /> i chaser of the Property,for any loss or damage unless due W reckless or wiYui rnlsconduct,and shall not be requireA to take any acnon �- --
<br /> in connection with the enforcement of this Deed of Trust unlass indemnified,in writing,for all costs,compensation or expenses which �
<br /> ! may be assocfated therewith. In addition,7rustee may become a purchaser at any sale of the Property(judicial or under the pow�r of
<br /> � saie granted herefn); postpone tho sale of all or any portion of the Property,as provided by law;or seil the Property as a wh�le,or in
<br /> separate parcels or lots at Trustee's discrotion.
<br /> 14.Fees�nd Exponses. In the event Trustee sells the Property by exercise of power of sale,Trustee shall be entitled to appiy
<br /> � any sale proceeds flrst to payment of all costs and expenses oi exercising power ot sale,fncluding all Trustee's fees,and Lendor s and
<br /> Trustee's attorney's fees, actually incurred to extent permitted by applicade law.In the event Borrower or Tmstor exercises any right
<br /> � provided by law to curo an Event oi Defauit,Lender shal�be entitled to recover from Trustor ali costs and expenses actually Incurced as
<br /> a result of Trustor's default,including without Iimitatfon all Trustee's and nttorney's fees,to the extent permitted by applic;able law.
<br /> - ; 15. Future Advancos.Upon req�est of Rorrower, Lender may,at its option,make additlonal and fulure advances and read-
<br /> vances to Borrower.Such advences and readvances,with interQ3t thereon,shall be secured by this Oeed of 7rust.At no time shall the
<br /> s �
<br />
|