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<br /> ��� 7.�cninent Domain.�ender is hereby essignad eif co�.-����st�.s�et'!°•�smaoes A"d other oayments ot reliet(haroinnfter'Procoads"1 ^_ _.= � _
<br />� m connection with condemnation or other ta4c�ng of the Property or part thereof,or tor convoyancg in lieu ot condemnation.Lende►shall � ; . .. � ,'
<br /> '�� � : _ • ' � <.. "--
<br /> taken or damegad,Lender sfiall have the oFtion in its�ofo and ebsolute d�soretion,to apply a!1 such Procoede,aftet deductinfl thorofrom
<br /> all eosts end expenses incunod by it in connect�on with such P►oeoeds,vyon nny mdebtednese secured horoby c+nd 'o+such ordor as
<br /> � 1 � Lander moy determina,or to apply al!such Proceeds,after such deductions,to the restoration of the Proporty upon�uch conditions ms , � ., -
<br /> Lender may datermine.Any appticat�on of Proceeds to indo6tednese shall not ozte�d or postpona the dua dete of any pnymante undvr
<br /> �� � the Note,or cure eny dafautt thereunder or heteunder.Any unappl+ad tunds shoH be paid to Trustor. ' '. :
<br /> 8. Perfoemance by Lender. Upon the occurcanoe of an Event of Dofoult heteundar, or if sny asct is taken or Ieguf Droceoding
<br /> � commenced which materially affects Lender's interest in tho Proporty,Lendor may m its own discretion.but w�thout obligation to do so. .
<br /> � and without notica to or demand upon Trusta and without raleasing Trustor from any o6ligatwn,do eny act which Trustor has ngmud ' � : ����_
<br /> � but faits to do and may also do sny other act it deems necessary to protoct the socurity horeof.Trustor shall,immedmtoty upon demond � • �
<br /> � 0 therefor by Lender, pay to Lendar all costy end expenses inarred nnd sume axpended by Lander m connncUOn with t4�o a:erciso by , , ,
<br /> a Lender of the toregoing rights,together with mterest thereon et the default rato provided m the Note, which shall bo uddud to tho
<br /> - , �indebtedness secured hereby.Lender shall not inwr ar+y liabitity�ecnuse of anyihmg it may do or omrt to do hereundor. _ _ __
<br /> 4. i g,Hasardoun Materida.Trustor shatl keep tho Proparty in comptiance with a6 appticablo lows,ord'mances and regulotions retatmp to . •
<br /> I industrial hygiene or environmental protection(collectively referred to herein as'Environmental Lews'l. Trustor shatl kesp the Property ' "
<br /> free from all substances deemed to be hazardous or toxic under any Environmental Lev+s (collectively raferred to herem as"Hazardous
<br /> , �,_� Materials'1.Trustor hereby warranta end reptesents to Lender that thero aro no Hazardous Mate►iat on or under the Proparty.Trustor --, -: -• ,
<br /> � hereby agrees to indemnify end hold harmless lender, its diroctors, officers, employetrs end apents, and any suacessors to LenQer's
<br /> ��
<br /> inferest,trom and againat any and all claims,damtsges,losses and liabilities arising in connection witfi the presence,use,disposal or
<br /> transport of eny Hazerdous Matariats on,undar,from or about ti�a Property.THE FOREC;}1NG WARRANTIES AND REPRESENTATIONS, . �
<br />,.� �� AND TRUSTOA'S OBUCiATtONS PURSUANT TQ THE FORE(iO1N(i INDEMNITY,SHALL SURVIVE RECQNVEYANCE OF YHIS DEED OF v ,' . � .�
<br /> TRUST. '
<br /> , t. :. ; -:
<br /> 10.Assignmtnt of N�nt�.Trustor hareby assigns to Lender,and granta Len der a sacurity inter e s t m,a t l pr e sen t,f u t u r e a n d a ft e r . ��'.
<br /> rising rents,issues end profits of tha Ptoperty;provided that Tnutor shali,until the occurrence of an Event of Oefautt he:eunder,have - - _ __
<br /> . the right to collect and retam such rents,issues end profits es ffioy becoma due and payabla. Upon tha occurronce of en Event of '-'t= _a
<br /> Default. Ler�der may,eithar in parson or by agent, with or without brmginp any action or procaedmg,or by e teceiver appointed by a `•�•�'� " `'
<br /> court�d without regard to the adequacy of its security, enter upon end taka possession of the Property,or eny part thereof,m its own � _.�J���,��.�
<br /> nama cr in tha name of the Trustee,and do any acts which it deem9 necessery or desirabte to pr�orve the value,raec'ketebitityr or
<br /> rente6ifrty of the P►operty,or any part thareof or interest therein,or to increase the incoma therefrom o�proteot the secuci3�fiereof end, '. � -
<br /> _���—��
<br /> with or without takinp possession of the Property,sue for or otharv�ise cotlect tfie rents,issues and profits thereof,indu�'�g those peat - �_,_, �♦
<br /> '- dua and unpaid,by Rotifying tenants to mnka pa�-ments to lender. Lender may apply rents,issues end profrts,less cosis and expen�es _"!"�;�,,,�,
<br /> � of operation and collection'uwluding attomeye'fees,to any indabtednesa secured hereby,all in such order as lender mey dotermine.The • . •� �T°:
<br /> • " entering upon and takinp posssssion of the Property, tha collection of such rents, issues and profite,end the epplication thereof as : � .'' `-'��.,
<br /> aforeseid,shall not cure or waivo eny default or notice of default hnreunder or invalidate any act done in tesponse to euch defauR or `_'!,,,.•�, i�-:
<br /> ',�'� pursuant to such notice of defau�4 and, notwithstanding the continuence in possession of the Property ot the collection,receipt end '"r=`�'" ,�:,_ F�o- -
<br /> ` " appGcation of rents, issues or profits, Trustee and Londer shaU be entitled to exercise avery ripht provided far in any of the Loan - 3i>iw`.:: �t
<br /> Instruments or by law upon occurrence of any Event of Default,including without limitation the ripht to exerciae the power of sala. `� :• . , � �. � ,,
<br /> FuAher,Lender's rights and remediee under this paragraph shell be cumutetive with,and in no way a I'unRetion on,Lender's rights and Vr, -•-����:�� ,��'�
<br /> remedies under any assignment of lease9 end rents recorded against the Prog�erty. Lender,Trustee and the�eceiver shall be �iable to *: ro`�.- � ;�� �
<br /> ^�r..�. '
<br /> � �
<br /> ' account onty fot those renis actualty received. `
<br /> 11.Evants ot Default.The follawing shalt constitute en Event of Default under this Deed of Tn�st: f ,.�� �;
<br /> (a)Failure to pay eny instalfinent of princi�al or interest of any other sum seeured here+y when due; ,!r���.-.. �•:,�,�`, "'"
<br /> ��';:.
<br /> (b)A bra:dt cf o�defeuft under any Fr�.•��ion conteined in the Noto.:as Deed o!Yeust,anY of Yne I.oan Insttuments,or any .,z,�;,
<br /> other lien or���-.'�rance upon the Properbi: ' �;��Y'f '�
<br /> •yi 1.:.
<br /> � (c)A writ cr ezacutien or attechmant or any simitar procesg shall ba e�tered ag�u�-Y Trustor which shall become a lien on the a'j
<br /> Property or any portion therqE or interest therem; ' '"� � �� `T
<br /> c..- ao�st Trostor ot Bortower an action under eny present or tuture federal,steta ot other statue,law �.)��.�_..,,o:
<br /> (d)Thera Jhall be fitad bv ag ,, +�•i
<br /> � ot regulation relating to banlcruptoY, insolvenay or other relief for dgbtora;or thera sha0 be appointed any trustee, recefvar or ,
<br /> liquidator of Trustor or Borrower or of all ot any DaK of the P►operty,or the ronta,issue�or profite thoreot,o►Trustor or Borrower ����•��,;;.�l
<br /> • sfisll make any ganeral essiyoment for the benafit of creditoro; '
<br /> (e)The sa�e,transfer,tease,assip�ment,conveyence or further encumbrenca of all ar eny part of or eny interast in the Property, I-�'��. T��
<br /> eRher valuntarity ot invo(unterily,without t��express written consent of Lendar,providad that Tnistor ahall be portnitted to execute sy,�.;.;_
<br /> • 3 ieasa of the?roaeRy that does not contain an option to purchase and the tertn of which does not exceod one yoar, - -- —
<br /> (fl �►bandonment of the Property;or �L �'T'�'�
<br /> � (g)If Truator ia not an individual,the iseuance, aele,tranefe►, assisnment, convoyance ot eneumbtanca of �:�re than (if e ��'
<br /> '�_�
<br /> '{� corporation)a totef of percent of its issued end outatanding atock,or(if a part�ershipl a tote�c� W/p percent cE —
<br /> , partnarsh'ry interes;s,or b a imited Iiability cor.:,.3ny)a totel of H/p p.�rcent of tha limited liability company'v�ierrsts or votey '���T �
<br /> t,� rights durinp the period this Deed c!Trust remain9 a lien on the Proporty. ,- , . —
<br /> 12.R�m�dl�a;Acealoratlon Ne�+Defautt.In the event of any Event of Dofault Lertder rr�ay,without notice except as rv:�uirod by tow, � :,;.;.p��;
<br /> declare all indebfednass securefi:�araby to be dua a�d peyable and the same shall thereupan becoma due end poyable without any �i;�_ �
<br /> '� presantment,demend,protest or notice of eny kind.Thereafter Lender may: ��� , . -_
<br /> ��lr,�.'.-�. °-•,,�-
<br /> 1 (a)Qemand that Trustee exeroise the POWER OP SALE granted herein, and Trustes shall theteafter cause Trustor'e interest "� •-;�,,:�." -,
<br /> ;,- "'� in the P�op erty t o b a s o l d m�d t h e proceeds to ba distributed,all in the mannor providad in tho Nobraske Ttuat Oeed9 Aot; � .�;-r(,�.; , ' ��
<br /> � fb)Exercise eny end all righte providad for in any of tho Loan Instrumcsnte or by law upon occurrenco of any Event o1° � ,,!''�` '-'
<br /> � Oefault;end ����`�
<br /> �?'il.:.,•'
<br /> lc)Commance an ection to fotocloao tfiis QeeA of ���r:zs a mortgege, eppoint a raceiver,o►specifiaally entorce any of the � �,.� � '
<br /> " � covenente hereof. • ' .. • �Y
<br /> - ;';' No ramedy horein confarred upon o►reserved to Truatee or Lender is inten�:d to be oxctusiva ot any o"_>e�r remody horein,in the Loan `;I,,;;;-;�; , --
<br /> Instrumente or by law provided or pormitteA,bu:each ahall be cumutative,s:.atl be in addition to ovary c=`ar remedy piven hareundar,cs � a " °';.,''``�• ._:.:.
<br /> ,.'y�: �..��-'--:-=-.,
<br /> . , the Loan Inatrumente or now or hereaftor existinp at law or in equity or by etatute,and may 6a exercised concurrently,Indepsndently c^ ';Yl�• u�}�_,:-,.__..
<br /> successivety. •; ,,'�T `��' ��_�R?.
<br /> .,...
<br /> ��''�,.
<br /> 13.Trustee.Tha Truatee rr.�r resipn at any time without cause,and Lendar may et�y tmo and without causo ap;,c�t a euccessor �,,,,.,�,';;,,�;�„�,�..� . -
<br /> ` or substituta Tru3tee.Trustee s:':a11 not bo tiabte to any party,incNding without limitation�ender,Borrower,Trustor or eny pwehaser ot ,��- -�--
<br /> � '' tho PropeRy, for eny loss or damapo unless due to reckless or willful mi�conduet, and sfiall not �e roquired to take nny action in `�•}+:�:. . :• .� •�r. �N
<br /> � ,�.» _
<br /> ���«� ;;:...�:
<br /> conneotion with tFe o�forcomont of this Deed of Trust untese indomnified,in writing,fot a11 costs,compensation or expenses which may a
<br /> . •` ...a:��.'r�,�.
<br /> - be aesociated therewilh. In additcon,Trustoo may bocomo a purchaser a:a�y sele of tha Property G�d�=.��or undor tho powor of sE:: y; � ,�.�.:
<br /> r granted herein):postpone the sx!a of all or any poRion of the Proparty,a3 providod by law;or soll the Property ae e whoa,or in separate ;'���:�I�R�ii`__ `
<br /> parcela or tats et Truates's discretson. � �'',��'�' ' `"
<br /> 14.F�n and Eap�n���.In the event Trustee sella the Property by euereise ot power of sele,Truetae shal)ba entitled to epply eny 90l0 �� , ,
<br />� , pfoceeds first to pnyment o!alI coste and exprnsos of exorcieing powe►of aete,including u11 Trustoo's foos,and Lcndar's and Trustee's . ' • ��,
<br /> ettomey's foas,actunity incuned to axtent perm?ttod by opplicablo law.In t�*m evont Bonower or Trustor exorciso9 eny right provided by - . ��
<br /> • taw to curv an Evont of Dofauk, Lendvr sholl be ontitted to recovar from i rustor atl coate and exponsos aatually incurred as a resuR of .. �
<br /> Trustor's default,including without limitation all Trustoe'a and ettomey's foes,to the eutent parmitted by applicablo lew. '_
<br /> - 15.Futuro Advance�. Upon requost of Oorrowor,Lender may,at its option,mako odditionol and}uturo odvanses and ruadvances to , .. t
<br /> Barrowor.Sach advance9 and reedvances, with interest theraon,shall bo secured by this Oeed of Trust.At no time shall the principal , —'
<br /> � amount of the indobtednoss socurod by this Deed ot Trust,not including sums odvancod to protoct tho security of this Dead of Trust,
<br /> � oxceed the original principal omount stated he►ein,or S qg.;p�,5; __ ,whiehovor is greotor. . '
<br /> .�
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<br /> NBC346�8 INOnapr�cJtmd DceAI Ati.8/86 � _ " ���
<br /> ' 1988 Nauond Bmk of Commeree Truse mC Sav�oy Assaa�nan.Unee�n.NeErofy . _ -.- -
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