|
.....�.� �.=34�. _ ' 'l 'i l. �ft ._!� .G. (' 4 3 ^S.
<br /> . j.iFV---__ _ . . _ _ _ _...-__ — ._'_— __ ._.__. - .._..-.-- -- _ _
<br /> • � ti_c , �- . . ` . . . L S _
<br /> .-r.•_ '� .� .� �c . _
<br /> � _ '
<br /> ' ' - ' —` � — — —
<br /> •. '..
<br /> � ,r
<br /> , .. —r _ ' ' .. _ . . ' _ ' __
<br /> . _:. . _ .. ._ ._- , , i; •_,: . .. � �. <<: . � _ . � - �4 � . . ,r .
<br /> - - ".—�._.s;� }� - -r , ` c '`� .
<br /> -" - . . K... : .
<br /> a"
<br /> ��=<f �7.Eminent Qomatn.Lender is hereby pssigned aU eompensation.awards.damages and other payments or retief{hereinafter'Proceed�) �, � ;` ��.+�c�
<br /> „ �in connection with candemnation or othu teMng of the Roperty or part thereof,ot fot conveyance in lieu of condemnatio�.Lender shall � `'
<br /> _ •� �.F. �aken or damaged,lender shaU have Me option in its sota end sbsotute diseretton,to appty all such Proeeeds,efter deducang therefram ' � � ' .
<br /> _ ' •� ` .Y � t�al1 eosts end eup8nsea ittuured by it fn connection vrith such Proceeds,upon any indebtedrtess secured hereby and 'm sueh order as _-; :,
<br /> • �, �Leader may detennina,or to appry ail such Fraceeda,after such deductiona,to the rascaration of ths Property upon such cond'rttons as ' � ���� `:
<br /> , . ;�fi �Lendcr inay detertn3ne.Any appLsadon ot Pmceeds to Indebtedn�ss ahall nnt extend or post�one the due date of any payments under � � ,
<br /> � the Note,or cure any detault thereunder or hereunder.Any unapplied tunda shall be paid to Trustos. �� : • - •
<br /> , . „ I 8. Peitoancnce by Lender.Upor►the oceumenca of an Evertt of Defauk hereu�der,or if any act is taken or iegat proceeding � _ .
<br /> ` � C�commenced which materiaUy affects lender's interest in the Prope►ty,Lander may in its orm disaetion,but wiihout obligation to do so, " �' , ' `�.
<br /> ' Q�and wiihout rtotice to or Qemand upon Trtrstor ar�d withaut reteasing Trustor from any obGgation,do any aet whicA Truator has agreed ` a , ��r•
<br /> -� but faUs to do and may atso do eny other act it deems nscessary to psoteet the security hereoi.Trustor shall,immediately upon demand _ ..
<br /> - _ • < �� � ��,�2heretor 6y Lender,pay to Lender ell costa and expenses ineurted and sums expenQed by Lertder in connectian with the exercise by • ., • � .
<br /> -�'"1 Lender of the taregoing rights, together with intenest thereon at the detautt rate provided in the Note,which shail be added to the '
<br /> �`�--µ�•~ � indebtedness secured hereby.Lender shaif not incur any lia6ility 6ecause of anything it may do or omii to do hereunder. � � �
<br /> - --r —�-`,. � 3.iiemrdous Materiats.Trustor shail keep the ProP�Y in comp6ance with a8 appficabte laws.ord4reances ared regutatians retating to =- -�°
<br /> industrial hygFene or environmentat protection(coltectively refened to herein as "Enviroamental Laws'1.Trustor shalt keep the Property `'`
<br /> tree from all substances deemed to be hazardous or toxl�undei any Environmental Laws(coUecUve}yt�elerr to kerafn as'Hazardous �
<br /> , , ' ` • �'. � Materiats•►.Trustor hereby warrants and�epcesenta to Lender that there are no Hazardous Materlai on or�der the Property.Trustar �'.�� �`
<br /> .. hereby agrees to indemnity and hofd harmless Lender,its directors,o�cets,employees and agents,and any successors!o Lender's `�`_ �•,
<br />_ � .,. irYterest,irom and against any and ali daims,damages, tosses and�abiftties arising in eonnecdon wiib the presence,use,disposal or � _,. _�
<br /> � �, .i transpoR of any Hazardous Materiats on,under,from or about the Property.7HE FOREGOING WARRANTIES AND REPRESEN7ATfONS, � _ ` -
<br /> � �` '�"<< AND TRU5TOR'S OBL[GATIONS PURSUANT TO THE FOREGOIN[G IND�IANITY,SHALL SURVIVE REC�NVEYANCE Of TH1S OEED OF LL"`��
<br /> ' TRUST. '�'�.<.�
<br /> 1 O.Asslgnmer�t oi Rertta Ttustor hsreby assigns to Lender,and grants Lender a security interest In,ail present,future and after � ' '�`"``
<br /> - •, � rlsing rents, issues and profits of the Projterty;provided that T�ustor shaU,urttit the occurtence of en Event of Default hereunder,have - -
<br /> , , the right to coitact and retain such rents,issues and profrts as they became due and payabte. Upon tt�e occuRence oP a�►Eveni of ''_ -
<br />_ � Oefautt,lender may,efther in person or by ageM,with or without bringing any acNon or proeeeding,or by a receiver appointed by a ' --
<br /> � <` coun and without regard to the adequacy of its security, enter upon and take passessien of tf►e Property,or any part thereof,in its own `a"-
<br /> �.'.� name or in the name of the Trustee, and do sny acts vuhict� it deems necessary or desirabTe to preserve the vatue,markatabiity or ' �,;;�i
<br /> � ' remability af the Praperty,or any part the�of or interest thereln,ar to inaease the income thereTrom or protect the sacurity hereof and, . • �*��_�
<br />_ "•� witA or without taking possession of the Property,sue for or otherwise cotlect ths rertts,issues and profits th2reof,Istctudirtg those past � ` ir."=
<br /> . . . �:s,:,:s dua and�mpard,by notifying tenants to make paymenta to LenQet. LenQer maV aPDN�ents.Issues and profrts,tess eosis and expensea - • •�?_
<br /> , ' �, . ".F..�..�..���.
<br />- - • . , •-»�ir of operatian and coitecHon induding attomeys'fees,to any indebtedness secured hweby,a8 in such order ag Lender may determine.The � . ;
<br />__ � entering upon and takfig possession of the Properiy, the collection oi such rents,issues ana profits,and the appGcatlon thertwf as .
<br /> ";�,�r
<br />- . . . • • afocesaid,shall not cure or waive any defaalt or notice of defautt hereundet or invalidate any act done in response to sucii deTautt or ,,�:
<br /> ' , ,,r ,, pursuant to such nouce of detauit and,notwithstanding the continuanCe in possesaion of the Property or the�itectton,receipt and • F ' w
<br /> sppGcation of rents, issues or proftts,Trustee and Lender shall be entitied to exercise avery �IgM provided for in any of the Loan � ���"\�
<br /> .. 1�•:
<br /> ;"' ' tnstruments or by law upon accurtence of any Event of Defauk,Induding tivithout limitatlon the dght to exercise the power ot sate. � � i
<br /> ,��. .
<br />:� , Further,lendef's rtgAis and renrtedies under this paregraph shaii 6e cumulative with,and in no way a Iimftation on, Lender's�lghts and " '�-_-�'",.
<br />�• . - remedies unde�any assignment of teases end rents recorded against tQe Proyerty.lender, Trostee and the receivet shall be Ilable to ---_-.
<br /> ' . • accouM oniy for those rents actually received. •'?Y'v"f
<br />. . � . . . '•�L�'=.
<br /> - 11.Evems o!Qefautt.The foitowing shail constitute an Event of Detauh under this Deed of Trust: � :�.��_
<br />-;"4. ' (a)Faiture to pay any instaliment of pri�cipai or interest of any other sum secured hereby when due; - • �
<br /> • ' �� (b)A breach of or defautt under any pravfsion contained in the Note,th�s Deed at Trost,any of the Lcan Instroments,or any ;.,�`�
<br /> :�._:,
<br /> . ; other lien or encnmbrance upan the Ropeny; :',_,
<br /> ' � . (c)A writ of execution or attachmart or any slmitar process shaU be entered against Trustor whicb shali become a iien on tAe • _��
<br /> �y- �� Property or any portion thereof or interest therein; �,�
<br /> � ' - ld1 There shail be filed by or agalnst Trustor or Burrowe� an accion under any present or future feQerdi,state or other stetue,taw
<br /> `- , or�egulation relating to bankmptcy, insotvency or other reliei far debtors;or there shall be appointed any trustee, recetver ar �
<br /> ' .. . liquidator of Trwtar or Boaower or of all ar any part ot the Raperty,or tAe rents,lssues or profits thereof,or Trustor or BaROwer • �''r
<br /> , shall make any general asslgnment for the benefrt of c�editors; ` . �,�
<br /> y part of or any interest in the PropaRy, .,'*�-
<br /> (e)Tha sate.uanster,teese,essignment,conveyance or fuRher encumbrance of all or an =_._
<br /> , . ' - eitAer voluntarity or involuntariiy,without the express written consent ot Lender,provlded that Trustor shail de permitted to execute , ��
<br /> _ a tease of the Property that daes not contain an option to purchase and tAe term of which does not exceed one year;
<br /> (i}AbanQonment ot tha Property;or ' � '�
<br /> � . (gl ff Trustor is not an individual, the issuance, sale,transfer, assignmsnt, comeyance or encumbrance of more than (if a ` '�``
<br /> '., . corporationl a totat c: s/a percent of ita issued and outstanding stock,a:Gf a partnershipf a total M e/A pereent of , ,`- � '�y-.
<br /> � • partnership interests,or i a mited liability company)a total of x/A perxst of the limited liability campan�esis or voting
<br /> • � rlghts during the period ihia Deed of Trust�emains a tien on the Property. � �
<br /> . , 12.RerrieQies;AcceleraHon Upon Defauh.In the event of any Event of DefauTt Lender may,without notice except es required by law, � �''�• � . .
<br /> • Qeclare ali iadebtedness secured hareby to be due and payable and the same shall thereupon become due and payable wlthout any �
<br /> , . • preseniment,demand,protest or notice ot any kind.Thereafte►Lender may: ,
<br /> � ; , Ial Oemand�`�2 Trustee exercise the POWEB OF SALE granted herein, and Trustee shail thereafter causa Trustora inierest � �
<br /> � • in the Ptoperty Sc 9e soid and the proceeds to he disiributed,ail in the manner provided in the Nebraske Trust Deeds Act; . • , �
<br /> ' . •• Ibl Exercise any and a0 rights provlded for in any of the Loan Instruments or by law upon accurtence ot asay Event of .
<br /> . . DetaulL:and ';'.1:;'..;. .
<br /> •• (c)Commence an aet3on to toreclose this Deed o} Trust as a mortgage, appoint a receiver,or speeiflcalty enforce any of the • '
<br /> . s covenants hereof. • •.. .
<br /> � j No remedy herein conferred upo�or reserved to Trustee or Lender is Intended to be exctusive of any other remedy herein, in the loan .
<br /> .- �` .•; , Instruments or by law provlded or permitted,but each shall be cumulative,shatl be ln additlon to every other remedy gtven hereunder,in � '
<br /> '' � � the Loan Instruments or now or hereafter existing at taw or in equtty ar by statute,and may 6e exercised wncuirentiy,independently or • � �
<br /> successlvely.
<br /> . ' 13.Trustae.The Trustee may resign et any time without cause,and Lender may at any time and without cau9e appoint e auccessar �
<br /> � : � or aubstitute Trustee.Trusiee shall not be Ilabte to any party,including without limitatton Lender,Borrower,Trustor or any purchaser of
<br /> : , � ' the Property, for any foss or damage untess due to recktess or wiil}ul misconduct, and shaU not be �equired to take any action in �
<br /> � connection wlth the enforcement of this Deed of Trust unless indemnifled,in writing,for all costs,compensation or expenses whicn may
<br /> � be associated therewith. in addltlon,Trustee may become a purchaser at any sale o}the Propertyr Qudlcial or under the power of sale
<br /> � • . granted herein);postpone the sale of all or any portion o}the Property,as provided by law;or seil the Propetty as a whote,or in separate . . ��
<br /> � parcels or lots at Ttusiee's discretion.
<br /> 14.Fecs and EMpenses.ln the event T�ustee sells the Praperty by exercise ot power of sate,Trustee shall be entitted to appiy any sale .
<br /> � � ptoceeds first to payment of all costa an0 expenses o}exercising power of sate, inctuding all Trustee's fees,and LendePa and T�ustee's .
<br /> attornoy's tees,aetuaily incurred to extont petmitted by appUcabte law.In the event Borrower or 7rustot exercises any right provided by '
<br /> . law to cure en Event ot De}auit, Lender shail 6e entitled to recover from Trustor ail costs and expenses actualty incurred as a resutt of
<br /> Trustor's defauft,inctuding without Ilmitation all Trustee's and ettorney's fees,to tho eMent permitted by appilcable law. . � •�
<br /> . 15. Futute Advancea. Upon rcquest of Borrower,Lender may,at its option,make additional and future advances and readvances to
<br /> � Borrower.Such advances and readvances, with)nteresi theteon, shall be secured by this Deed of Trust.At no time shall the princtpal � � .
<br /> " . � � amaunt ot the lndebtedness secured by this Deed ot Trust,not inciuding sums advanced to protect the security o} this�eed of Trust, .
<br /> . i exceed the original princ�pal amount stated heroin,or 9 s5i.soo.oo ,whichever is greator.
<br /> , ; � .
<br /> _ .,'.. � t �
<br /> , �
<br /> r � •
<br /> . 46C34578 IqonaqncNturai Ucom Hw 6r95 � �
<br /> �988 Nat�ony B�nw or Commerco irusi a��0 San�qs assocunan.�mcoln.NeErasta �- � �
<br />- . � � r—r��i..:`�-� - ..
<br /> .: , � - __
<br /> ..�.r , . , . . . .. . , , . . . .. _. . , ... . , _ _ .. • � - • -�._. ,_, -.
<br /> .. . . . . . ._ .a�, . , _ r. _ r.
<br />
|