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<br /> � DEED OF THUST P°�e � � �
<br /> 02-07-1998 � , _•
<br /> j Loan No 616744 (Continued) 98� �(��,�5----- �
<br /> ! -� �— ------�----�----_. --- --- �--� � � �:
<br /> 1 P�nonal Prop�rtyr. Thx wads"Porsonal Property'mean ell equfpment,fixtures, end other arlicles ot personal property now or herea8er
<br /> owrsad by Trusta,and now or hore�tt�r atttchad or affixed to Ihe Roal PropMty;tofl��hsr wlth �II accssslons, parts, nnd�ddlllont lo,all i �'�
<br /> 1 raplarwrrNnb of, and all eubstituQor�t fa, any of such prop�rty; and top�ther with ali procNds pncludirp without Ilmitodon aM Insurance � :l
<br /> � procwds and atunds of pnmlums)hom any al�a oth�r dispositlon o}th�Prop�riy. �
<br /> � PfopNty. TM wwd'Property'means Cdlectively ths Re�l Property and the Peroonal Properly. � !
<br /> Rt�i Prop�rty.Tho wwtls'Tien�Property'msan the property,Interesls and riphts dqscrib�d nbovl in ihe"Convey�nc�and Orant'aaHon. I
<br /> qel�bd DocumoMa. The word� 'Hotntod Qocumonts"monn nnd Include wnhoul Umltation au promissory notes,credlt apreemenU, loan
<br /> � apreemenls.enNronrtNnttl sqreemenq,quarantles,seaurtty epreements, matpaqes,deeds of trust, end att othor Instrumenq,apr�ements end
<br /> ' dooumenta,wMthsr now or hereafter exislinp,sxecuted In connection with Ine Indebtedness• !
<br /> Rtnb. The word'Rents•meane Qn prssent and future rents,revenues, fncom�,lasuas,royaltl�s,profits,end olhw ben�fita d�riv�d hom tha
<br /> Praperty. .
<br /> T►ustee.The word"Trustea"means UNITF_0 NEBRASKA BANK end any subsdlule or successor Uustees. `�
<br /> Trustor. The word Trustor"meens any and ali persons and entltles exeouMrp tNS D�ed of Trust.lnclutlmp wilhou►Ilmltatlon nll Trustors named
<br /> above. -
<br /> THIS OEEO OF TRU8T, tNCLUDING Th1E ASSI(iNMEHT OF RENTB AND Tl1E SECURITY INTEREST IN TtIE iiENT8 AND PEHSONAL •
<br /> ' TRUSTOR U11D TFIE pOTECTHE R�EI ATHG DOC M M 8!AN�DBTHISDEED OF TRUS�TM 8 ED F TRllS S�fi1VEfJ AND ACCEPTED
<br /> ON THE FOLLOWINfi TERMS: _
<br /> PAYMENT AND PERFORAAANCE. Except as otherwise provlded In this Deed of Trusl,Trusta ahali pay to Lendx all amounb eecurad by thls Daed
<br /> of Trust as ihey become due,and shall slrlo�ly and In a ltmeiy manner peAam WI of Trusta's obllgatlons under the Note,this Oeod of Trust,and the ,
<br /> Related Dxumenb.
<br /> P08SESSION AND MAINTENANCE OF TME PROPERTY. Trusta agrees that Trustor's possesslon and use of the Property ahall be qoverned by
<br /> the followlnp provlslons:
<br /> Poauallon Mid U�e. UnUI the occurcence of an Event of De(ault,Trustor may (a)remeln In possessbn and control of the Properly, (b)use, -
<br /> operale a rturu�pe ths Property,a�d (c)cdlect any Rents hom the Properly.
<br /> Duty to M�IntMn. Trustor shall malntaln the Property In tenantabie conditlon and promptry pe�fam aY repalrs.replacements,and malnlenence
<br /> ' necessary to pre.ssrve Ita v81ue.
<br /> H�,rrdous 8ubstan�ss. The terms"hazardous weste,"'hazerdous subs�nce;"disposal,""rek�se,"end'lhreetened release�"aa used In this
<br /> � 1�980,asTameededN 42VU.S C�Sectbn e9601�get seQ.("CERCIA"C he Superfu d A endments t dpReauthorfrat�lon Act of a�988�Pu'b�No. ��
<br /> gg..dgg("SARA"),the Huardous MQterials Trunsportat�on Act,�9 U.S.C. Seatlon 1801.et seq.,Ihe Resouroo Conservtttion and R�covxy Act, `�r
<br /> 42 U.S.C. SeCtlon 6901,et seq.,or other appitcablu state or Fedf�ral laws,rules,or repulntions adopted pureuant to tny of the forpOinp. The �r
<br /> terms"hazardous waste"and"hazBrdous substance"shall also inCludo,wNhout Ilmitntlon,patrokum end psVOlaum by-produots or any fn�Ction ;�
<br /> thereof and asbestos. Trustor represents and wartents to Lender that: (e)Dudrp ths perlod olTrustors ownsrship of the Propsrly,tMrY hes ...�. � �;�;
<br /> been no use,qenentlon,manutactae,staape,treatmenc,ci�sposai,reiaasa vr ti■uuteriad r&iea6a Gt�ny ls�z�tdolls:'.ttst$o►suh�yrx�by any ,-� _. .tT` _
<br /> person on, under,Qbout or hom the Properly; (b)Trustor has no knowledpe of,pr reason to believe that there has been,exc�ept as previatuty i `�:+�
<br /> � dtsclosed to and acknowledged by Lender In writing, (q any use,generalbn, manutaoture,storepe,Ueatment,disposal,release,or threatened �9 �p?
<br /> release ot any he7ardous wasle or substence on,under,nbout or from the Properly by any prior owners or a;oupants of the Properly or (H)any . �,
<br /> I actual a th�eetened Itligatlon or clalms of any kind by any person relatlnp to such matters;and (c)Except es previously dlscbsed to and �. ;
<br /> i ackno�viedged by Lender In writing, (I)nelthor Trustor nor any tenant, contractor,agenl or othe�authorixed user of the Property shall use, '�'�. ��4�':�
<br /> � generate,manutacture,stwe,lreat,dispose of,or release any hezardous weste a subste�ce on,under,ebout ar from the Property and (It)any � �',
<br /> such eCtivity shall be contlucted in compliance wlth all appl�abie tederai,state,and Iocal laws.requlatlons and adinances,Includinq without �:
<br /> Ilmitation thosa lews,requlations, and ordlnances described above. Trus�or authulzes Lender and ils apenb to enter upon the Property to
<br /> � mako such Inspectlons and tests,at Trustor's exAenso,as Lender may de�m eppropriate to determina compYnnce of the Property with this ,=�
<br /> d6 ,
<br /> � sectlon of the Deed of Trust. Any Inspectlons or tests mede hy Lender sheu be for Lender's purposes only and shall not be ConSVued lo create ;„;.
<br /> any responsiblllty a 118bNily an the part of Lender to Trustor or to eny other person. Tha represent4tions and wartantles confained herein are
<br /> based on Truslors due diligence in investtgatlng the Property for hazerdous waste and hezardou3 substances. Trusta herebY (a)rete�ses and a.�:�=
<br /> walves any future clalms against Lender for fndemntty or contdbutfon in the event Trusta becomes uebie for cleanup a other costs under any
<br /> such Iaws. and (b)aprees to Indemnlly and hold harmless Lender aqelnst any and ali clalms. Iosses,IlabWtles,dama0es, penalUes�and ..��'—�
<br /> expenses wNch Lender may dl�ectly or indtrectly sustaln a suffer resdtinp from a breach of tMs sectlon ot the Deed of Trust a as e ...*�;,.,
<br /> conssquenco ot any use,peneration,manufacfure,storaqe,disposal,release ar threatened release occu�fng prior to Trustor's ownershlp or ��
<br /> Interest In the Property,whether or not the snme was or should have besn known to Trustor. 7he proWsions of thls sectlon ot the Deed of Trust, �y_�_
<br /> � fncludlnq the oblfqetlon to Indemnly,shall suMve the payment of the Indebtedness and the sellsfecNon and mconveyanCe of the Ilen of this -�: � LL
<br /> Deed of Trust and shall not be affecled by Lender's acqulsltian of any Interest In the Property.whether by taeclosure or othenvise. :,��._
<br /> 1 Nul�nee,Wat�. Truslor shall not cause,conduct or permlt any nulsance nor commft,permit,or suffer any s�Ippinp nf a waste on or to the ,�»°�=
<br /> Property or nny portlon of the Properly. Wilhout Ilmiting the qenerality of the taegdn�,Trustor will not remova,or qrant to any other pariy ihe ,�.,.`^ s �_:
<br /> � rlght to remove,any timber,minerals(including ofi and gas),soti,grave�or rock produats withoul the pdot wdtten consent of Lender. ;_���,_` -
<br /> � RemovM ot Improvementa. Truslor shall not demolish or remove any Improvements hom the Real Property without tho prfor written cansent _
<br />- ot Lender. As a conditlon to the removnl of any Improvements, Lender may requlre Trustor to make artangements satlsfactory to Lender to . ��
<br /> replacs such Im�rovements with 1 mprovements of at least equal value. `�'� ^��
<br /> Y'1e..'.`
<br /> Lender's Rlpht to Enter. Lender and�ts agents and representatwes may enler upon Ihe Real Property at all reasonable ttmes to attend to ��.�„
<br /> ..,j:,..{'.,
<br /> Lender's interests and to mspect the Property for purposes of Trustors compHance with the terms and condittons of thfs Deed of Trust. t�,•�,��....{�
<br /> Compiisnee with Governmentel Requirementa. Trustor shau promptly comply wllh aM laws,adinances,and repulatlons,now or herealler In , -z•�v,i"" _;
<br /> - � et4ect,of aM qovernmental autho�lies applicable to the uce or xcupancy cf the Properiy. Trustor may contest In pond tafth nny such law,
<br /> ordmance,a regulatlon and withhold compliance during any prxeeding,InCludinp approp�iate appeals,so�onq 85 Trustor has nodfled Lender
<br /> � in wrlting pna to doing so and so iong as,in Lender's soie opinlon,Lender's Interests In 1he ProDe�Y gre not Jeopardlzed. Lender may requlre
<br /> = � Trustor to post adequate secunry a a surety bond,reasonaay sutistactory�o Londer,to protect le�der's inlerest.
<br /> � Duty to ProteCt. Trustor agrges neither to abandon no�leave unatlended ihe Property. Trusta Shah do aN othor aCls,�n addition to those acts
<br /> set torth sbove In this secflon,whiCh from the charncter and use of the Property flre roasonably necessary to protecl and preserve the Property.
<br />� ' DUE ON SI4LE-COHSENT BY LENDER. Londer may,at its option, deciare Immediately due and payaWe aN sums secured by lhis Deed of Trust '
<br />, upon the sale or iransfer,without lhe Lende�'s prior wiitten consent,of all or any pe�t o�the Real PropBAy, or sny interest in the Real PrOperly. A
<br /> "Sale or trflnsfe�'means the Conveyance of Real Property or any npht,titie a mterest iherein;whether 198a1,beneflClal or equltable:whether voluntary
<br />- � or�nvoluntary; whether by outn8ht sale,deed,installmenl sale contract,Iend contraCt,contraCt for d0ed,leasehold Interest wflh e term qreater ihan
<br /> i Ihree (3)years,iease-ophon contract,or by sale.assignment, or trensfer ot any beneficfal�nterest in or to any land trust halding titlo to tho Rea�
<br />" Property.or by eny other method of conveyance of Real Property interest. II eny Trustor is a corporation,partnership or Itmited IlabAfty company,
<br /> transfer also includes any change�n ownership of more than twenty-five percent(25%)of the voting slxk,partner5hlp Interests or IimflOd IIabllity L
<br /> : .___ ,_.____.. __.�_,.......�,.,..,e ..i T.�,a�,.. N�wo�o. t►uc nnt�nn cha0 nof be exerc�SOd bY L9nd0r it such exercise is prohfbited by federal �
<br /> • i.Vmyanr unmwu� o n�v ww..�.r �. ��. .._"..' _ '_._._ . . � . . _..
<br /> law or by Nebraska taw. �
<br /> TAXES AND LIENS. The following proNSions relatinp to ihe taxes and Ilens on ihe PropeRy ere a pe�t of�h�s Deed of Trust.
<br /> Peyment. Trusior shall pay when duo(and in all events pdor lo dellnquoncy)all taxes,specie�lexes, essessmenis,Charges pnciuding water ,
<br /> pnd sewer),hnes and Imposllions lehed against or on account of the PropeAy.and shall pay when due all clalms fa wOrk done on or for
<br /> � soMCes rendered or malenai furNShed to the Properiy. Trustw Shatl malntaln Ihe Property tree of ell liens haNng prtoriy over or equal to the
<br /> interesl of Lendor under this Deed of 7rust,except for Ihe Iien o(taxos nnd assessmonis not due, ezcept lor the existing Indebtedness referred ;
<br /> lo below. und BxCept es otherw�se prowded In lhis Deed of TrusL
<br /> Right To Conteat. Trustor may w�lhhold payment of any tax,assessmeN, or C�aim�n conneclron wdh a good fa�th dispute over the obhgaUon
<br /> � lo pay.so bng as Lender'S���eresl in Iho Property�S nol�eopard�zed. 118 lian an5es or is(iled cas 8 re5u�t of nonpayment,TruS�or Shflll wilhm
<br /> f�Rgen�151 d4ys�N�r Ihe I�en nr�585 oi.d a lien�s��iod.w�lh�n hHeen�15�days utte�Truslor hes nolke o�Ihe i�ng,5(3cure lhe diSChtirge o�the
<br />- han,or rt �eQU0518d by l0ntler, d2pO5d wdh L0ntl0r ca5h or a SumC�enl CorpOrale�u�91y bOnd or other seCUrity 58h51flCtory to Lender in en ,
<br />� a��wunl s��n¢ieni lo d�SChnrge Ihe hen plus 3��y Co515 3nd ellorney5'Iee50r O�her Charges Ih(1iCOU�d eCCrue es H resUlt 01 0}OrgCloSU�e or gg10
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