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<br /> " . `Procearls'j tn oonnection wiih oondemna8on or other taldng of the Pm�erty or part thereof,or tor ccnveyartce fn liau of candamnadon. ' -, � °.�`.�.`�
<br /> • Lendar shaU ba entit►ed at its option to commenoe,appear i�and proseaut�in its ovm aame any aaifon ar proceedings,and sAail atso �_.r..`� �,- _�"., �.. _- -
<br /> , $_
<br /> �� be entittad to make arry compromise or sattlement in connscUon with such taking or damage,In t4�e event any portion of th�PropeRy is � . • �
<br /> so taken or damaged. Lender shall have tne optian in fta sale and absoiute discretion,to appiy atl such proceeds, aker deQucdr►g ` � • '��,. �
<br /> therefrom all oosts and axpenses incurred by it in conneotion wiih such Praceeds,upan any indebtedr►ess s8cured hereby end 1�such �_ . • � �•;��-.:
<br /> ondar as Lendsr may determine,or to apply all such Pe�ceads,after such deducUons,4o the restoeatfon ot the Proparty u�on surd�con- � `< .'
<br /> ,.' � ditions as Lender may detarmine.My application of Prooee�s to indebtedness shalt not exEend or posKpone the due date oi sny pay- �. • �
<br /> _ ments under the Note,or cure ariy detauit thereunder or hereunder.My unappltsd funds shall be pald to Trustor. � �..1`
<br />- 8.Perlamiance by Lender.Upon the oa;urreru;e of an Event of Qatauit h�reunder,or if any ac4 i�faken or lagal proceading , ,� �' -
<br /> oommenoed whlch materlalty affects Lendars interost in the Properly,Lender may in ifs own discreiton,but without obligaUon to do so, � �^ • . .
<br />___ and withaut r�Bce to or demand upon Ttustor and without releasing Trustor trom any obttgatlon,do any act which Tn�stor has agreed � " '
<br />-� but tai►sd to do and may also do any other act it deems necsssary to protect the securi4y hereof.Trustor shaN,immediatety upon ___ - _ • -"
<br /> • dsmand therefor by Lender,pay to Lender all costs ar�d expensss Incurred and sums e�ended by Lender in connecdon with the exer- • YF�� =-
<br /> v cise by Lender of tf:e foregoing rights,togather v�th interest thereon at the deisuft rate provided in fhe No:e,vrhich shail be added to , ` �•
<br /> the indebtedness secured hereDy.Lender shali not incur any Gabiliry because of anythin�ii may do or omit ro do hereunder. � ' _.. ,_. �.
<br /> � 9. Haaardous�rlala Trustor shali[ceep the Property in compliance with at!ap,pficable laws.ardlnanr�s and regula8rions . _ �.,�,-.--` ..�
<br /> relaUng to industrial hygiene or er►vtranme�l protectton(ooitec�vaiy reterred to herein as`Environmerrtal Laws').Tnlstor sha!!keep . .-* + °,=y:°��.=�:�-.
<br /> the Property frea irom sU substances deemed to be hazardous or toxlc under any Enviranma�tal Laur(collecSvely referred to here[n ' � _
<br /> � as`Hazallous INateriats'j.Trustor hereby warrants and represer�ts to Lender that there ara no Hazar�laus Materiats on or undsr tha �+:�`-=.��Y'�
<br /> Propeny.T�ustor hereby agrees f�indertw��yr and hotd harml�s Lender,its d'+recta►s,officers,employees and agenfs end any succes-
<br /> � , .,,:
<br /> sors to Lendars interest,trom a�zl against any and al!claims,damages,losses and iiabi!fi�arising in conneati�on wit4�the presenoe, �
<br /> � �
<br /> use,d•,s}roQaf or uanspoR of any Hazardous Materials on,under,from or about ffie Prop2rty.THE FQREGOItVG WARRANTIES ANO �" ,
<br /> ..af
<br /> REPRESENTATC�IIS,AND TRUSTOR'S OBUGATIONS PURSUANT TO THE FOREGOING INDEMNITY,SHALL SURVIVE � .;-��--.��
<br /> RECONVEYANG�OF THIS DEED OF TRUST. � �;`,��.,:;�;-
<br /> 10.AssfgnmeMa of Ra�t�.Trustor hereby assigns to Lender,and grants Lendar a securfty interest in,alt presant,tutute ar+� ���4?''"•�
<br /> • • after arising rents.Issues and prr�'rts of the Pmparty;provided thai Trustor shalt,unti!tha ms�rrence o!an Event oi Defau[t,hereandar, ;�� •'����•-
<br /> hava ths dght to oolisc�t and re7ain such renLs,issuas and profits as they beoome due and payabie.Upon the oocurrence of an Event of ���`-`''"�
<br />. , Oatau�.Lender may,eilher in person or by agen�with or without bringing any acdon or proceeding,or by a receiver appointed by a - - ��'��
<br /> oourt and withoui ard to Ure ad ua of its s�urity.enter upcn and take possession of the Pro . � �i�
<br /> �9 �t �Y Asrry.ur any part ifiereof,tn its own =--;"r ;:'" .--�
<br /> ;.� name or ln tha name of the Trustea,and do s�acts which it deems necessary or desirabte to presen+e the value,marketabitiry or ' �:,;' '`��
<br /> rentabU3ty o}the Property,or arry part thereof or interest therein,or to increase the incame therefrom or protoct the se�xrriry hereat anc1, 'f� _
<br /> ��.� with or without faktn ossesston of the Pro t'� �� �• "
<br /> .,,,�,,: . . � ��..� -"
<br /> 9 P peRy.sue tor or oiherwise ooltect the rentg,Issues and profits thereof.ina2�ading Uwse past . y,.-.
<br /> ��:� 'Tt.::-�-.
<br /> �`i due and unPaid,by notitying ten�,�ts to make payments to L@nder.Lender may apply re�s,issues and prof►ts,loss co3Ls a�uf expens- �'"�' ,...� � ,� �'
<br /> �� es of opera�on asod coltectlon in�.fi�ding attomeys fees,to any irrdabtedness secured hereby.ail in sucb order as Lender may de�r- ;,-: 4,
<br /> ' mine.The enterim�upon and�lc;�g possession of tt�Pro e the collectfon of such rents issues and rofits,and U�e � �`' .: �
<br /> ��.: P KY• e , P aPP�� ;.�.•: .....,.a.�� '�r,
<br /> '"° thereof a s a tor e�0 st►a l l not cura or waive any dei�uR or not3ce o}detault hereunder or invalidate any act dona fi res�sonse tn s�ua:; •" -°° • ` • �'
<br />, :r. ,.` •�.
<br /> detault or pursusm io such r�ai"u^.e of dafauft and,notwithstanding the conUnuance 1n passession of the property oT the ooltection, � �; ' •r,: ,,y;�.�.—
<br /> •�� receipt and apptFaation of rer►is,i�ues or profits,Trustee and Lender sha11 be entiUed to exercise every dght provtded for in any of tite "'�' � ��'•` �
<br /> ' Loan Instruments ar by taw upon occurrence of any Event of Default,(nduding w(thout lirr:t�on ffie�ight to exercise the pov,rar ot s2!a. 'E`'' � �'°• .�
<br /> � Further,Lendefs c��:�and remedies under this paragraph shall be cumutaGve with,and in no way a lin�itation on,Lenders dflhts e�fl � . ' '
<br /> .`. F ^'%
<br /> . rert�edies under a�y assignment of leasss and c a-rt�recardad against the Property.Lender,Tnistee arid the receiver shalt be liabte to ��'�
<br /> , accaunt onry br�nc�e renis ectually recehred. _ _ .
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<br /> 11.Evcriis of Defaulf.The following sha11 constitute�.n�vent of Defauii ursder this Desd of Trust '�.^;,�, .' ;�'•!f�'``'-
<br /> ...t�;;I..�,.;�.�'
<br /> (a)Faiture to pay any instaltment oi principai or inte�t of any other sum secured hereby when due; � � .� .;_,,.,;.-
<br /> ' , (b)A b:zadi oi or detauR under any provisfon contained In the No*.e,tltis Deed ot ttust,any ot the Loan instruments,o�any �'� �"" `
<br /> othet Gen crencumbrance upon the Propertyr,
<br /> • (c)A wrii of execuUon or attachment or an sJmitar rocesa shaJt t�e entered a ��� ` '��.
<br /> y p gainst Trustor which shali become a Ifen�i ..� :,,�J
<br /> �. the Prope:ty or any poRion thereo}or intorest therein; .
<br />� (�There sha11 be file�by or agalnst TroMor or Borrower an action under arry present or future federal,state or other staUrte, ,
<br /> „ taw or regufatlon rela8ng to bankrupicy,insotvencyr or other reliet tor dsbtors;or tl4.�shall be appointed arry bustea,reoeivsr or - -•` - '
<br /> 11qu1daWr of Tn�sior or BorrmKer or af ail or eny part of the PropeRy,cr the rents.issues or proft2s thereof,or Tnistar or Barmw�r �Y'R:r''
<br /> �." shail make eny general assignmern tor4tss beneftt of creditors; �.�.,
<br /> ��° (a)The sefe.transfer,lease,asst�.r�nt,oor►veyance or turE��a�:erzcumbrarK�ot ail or ��`�`�'
<br /> am��art ot or er►y irtterest in C'a� �°:;rw��=-
<br /> Property�eiiher votuntadry or imroluntan;y,without the express wriN.en consent o!Lender,provlded that Trusmr shall be permit-
<br /> • ted to execute a lease of ihe PiropeRy tl�at does not o¢r�in an option to purcfiase and the term of wh{ch does not exceed one - • =r-��_
<br /> year, �"`°� - ,..
<br /> (Q Abandonmern o!the Property;or —�-�-��
<br /> . (g)iT Trustor is not an indlvidual,the tssuance,sale,transfer,a;signment,oonvayance or encumbran��of mare than�F� -----�.;:''�
<br /> corporatton)a tatal 01 percent a}its Issued and ouLstanding stock.or(if a paRnership)a 4otal 01 �r.• , f•��
<br /> cent of partriership interests,or pf a limlted liabfiity oompany)a total of peroent of the Iimited liebility oorr.�a- ��______`___._-�__-:—
<br /> • ny interests or voflr�g dghts dudng the period thls Oeed of Trust remains a Ilen on the property. =:_.�.;;.:,�_
<br /> 12.Ra�ica;Accalarc4lan Upon QefaWt in the event ot any Event oi Defautt Lender may,wifhaut noUce exoept as req�had :;�;- i-�
<br /> ., by taw,dectare ali indebtedness secured hereby to be due and payabte and the same shall thereupon become due and payabts vhs'h-h- '
<br /> aat eny presentmer,l,demand,protest or natico of any Wnd.Thereafter Lender may: �.�'�'��
<br /> . (a)Oernand that Tnistee exercise ttvQ POWER OF SAL.E '�`�`�
<br /> gran�d hereln.and Tmstee shaU thereafter cause Tnutafs i�.e. 6�:, _-----•-�--�-°�
<br /> • est in the Properly to be soid end fhe Rraceeds to be df,..�-ibuted,all In the manner provlded in the Nebraska Tn�i�e�ds A� �"° '�T'�-.;b'=
<br /> (b) Exercise any���:!dghffi provlded tor in s�r�c!the Loan Inst►uments or by Iaw upon oocurrence dt airy Cwen!o! �}'��
<br /> Defaulk8nd �;„�,�w��,�r.:�`
<br /> (c)CcrLn^ence an aciion to forec:�this Deed ot Trust as a rn�:�3age,appoint a recelver.or specificalty eMoroe any of the ����'� ��r�'�`�"'��
<br /> covenan�t5err3oL •`"""'�'�"'�7
<br /> . Pdo remedy hereiee o0nterred upon or reserved;0 7rustee or Lender is intended to be oxclusive of any other remedy herein,in fho Loan ,���{� : —
<br /> Instrumonffi or by taw pmvided ar pertnitted,but each shall be cumutaUve,shalf be in addiUon to evary other reme�iy ghrsn hereunder, � ,. �:�,.•ve,��:; � _—
<br /> in the Loan Inshuments or now or hereaiter exlsUng at taw or tn equiry or by statute,and may be exercised cancurrentiy,independentty ' '���'.-'"� �
<br /> or suoceshrety. " i9'��''''' •:
<br /> . �~f��j�.• ,�•� --
<br /> � 1�.Trttstes.The Trustea ma resi at an Ume without cause,and Lender ma at an Ume and without cause ._*°`�"`�- -
<br /> Y B� Y Y Y appoint a suo- x,_...
<br /> oessor or substitr�Trustee.Trusiee shatl not be Iiable to any party,induding withcut IimftaUon Lentfer,Borcower,Trustor or any pur- � � • � • .. �
<br /> chaser o1 the Property.tor any losa or damage unlecs due to reckless or wiittul misconduct,and shali not be requlred to teke any actlon • .. • . � _'
<br /> in oonnecdon with the entoroement ot this Deed of Trust uniess indomnifled,in wdNng,tor ell oo9ts,compensaUon or e�enses which . • . �.
<br /> may be associated fherewith.ln addition,Trustee may become a purchaser at any sale af the Property�udiclal or under the puwer of ' ' =
<br /> eale g►anted herein);postp�ne the sate M aii or any portlon of the Property,as provlded by(aw;or sefi the PropeRy as a whofe,or in • �
<br /> separate paroets or lots art Trustao's discreUon. � R, � - . :
<br /> ' 14.Fass and EYpsnsa�.(n tho event Tn�stoe selts the PropeRy�y exerdse of pawer ot sale,Trustse shall6e entiUed to appty • • �
<br /> a►ry saie prooeeds first to payment o!all oosts and e�enses of exercising power of sale,includ(ng ail Trusteo's fess,and Lendar's and ' �
<br /> Trustee's attomey's tees, actually incurred to extent p9rmitted by appilcable Iaw.ln ifie everit Borrower or Trustor oxercisea any riglri ' • =
<br /> provtded by law to cure an EveM o!DetaulT,Lender shatl be entived to reoover from Trustor alt costs and eupenses actualty lncuned as � �� � ��
<br />. � a resuit of Trustofs dsfautt,inciuding without ilmitat�on all Trustee's end atiomsy's fees,to the extent permitted by applicabla law. • �
<br />---- 15.Fs�str�A�r..r.,�.lt�ss rEqssa�t at°arr�.-ar,Le�sGer may.ai iis o�iJon.raeke adG�iionrii�ni tuiure edvar�ces artd read- — - —. —`- _
<br /> vances to Borrower.Such advances and reatSvances,with Interest Mereon,shali be secured by this Deed of Trust.dt no time shall the � � � =.
<br /> _ . �37'
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