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<br /> , 'Procsods')In connection with condemnetlon nr other taking o(the Property or part thoreof,or for conveyance In Ileu oi candemnatton.
<br /> Londor shall bp entitlod et Its optlon ta cammence,eppear In end prosacute In ite own name any ectlon or proceedfngs,and sheil elso
<br /> bo ontltiod to make any compromlao or 3ottloment In connectfon with such tpkinq or damAgo.In the event any portlon oi the Proparty is
<br /> . Qo tekqn or dameged, Lender sh�ll have tho optlon In Its sale and ebsolute dlscretlon, to apply all such procc�eds, afiar deductinp
<br /> therofrom ell costs end expensos incurred by It In connectlon with such praceeds,upon any indebtedness securod hare�bY�nr vch con- -
<br /> • order as Lendor mey determine, or to apply ali such Proceodg,after such deductions,to the restoretlon oi the Qraporiy p . ��
<br /> + ditlons as Lender may determin�.Any appllcatlon of Proceads to Indebtedness shall not oxtenG or postpone the duo date�f any pay ,.
<br /> 1 ments under the Note,or cure any default lhereunder or her�under.r4ny unapplied funds�hall be peld to Trustor.
<br /> 1 8. Pnrtormanco by Landar.Upon the occurronce of an Event of Default hereunder,or If any act Ia taken or legel proceoding �,�
<br /> commsnced which materielly a(iecto Lendar's fnterest in lho Pro��rty,Lender may in its own discretion,but without obligaiion to do so. �
<br /> " and without notice to or demand upon Trustor end without releasing Trustor from eny obllgatlon,do any act whlch Trustor heo a�roed
<br /> .; ,;,- but failed to do and may also do eny Ather act It deems necessary to protect the security hereof. Trustar shell, Immedlately upon
<br /> ' .� demand therefor by Lender, pay to Lender a!1 costs and expenses Incurred end sums oxpended by Londer in connectlon with the exer-
<br /> cise by Lender of the foregoing rights,together with interest thereon at the default rate provlded In the t�ote, whlch shafl be added to
<br /> the indebtedness secured hereby.Lender shall not Incur any Iiabllily because of enything It may do or omit to do hereundor.
<br /> • 9. Hatardous Meterials. Trustor shail keep the Property in campllence with all applicablo laws, ordfnances and regulatfons . :; ,_� •
<br /> + retallng to industriel hyglene or environmental protectlon(collectively refArred to hereln es'Envlronnental Laws'). Trustor shall keep , N ... ;:�, ,.:`:
<br /> � the Property free from all substancos deemed to be hazardous or tox ic un der any Env lronme n t a l L a w s(c o l l e c t i v e l y re f e r r e d t o h ereln ,�., ...:.�. ,-
<br /> � �s'Hazardous Metorials'). Tmstor hereb warrants end re rosents to Lender that there are no Hazerdous Materials on or under the _;,,�.i�,�,,,�..
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<br /> Property.7rustor hereby egrees to Indemnify end hold harmless Lender,its directors,o4ticers,employees end agents end any succes- �v__
<br /> sors to Lender's interest,from and agafnst any and all ciaims,damages, tosses end IIebllities arising In connectlon with the presence, ..�=�_.��__
<br /> use,disposal or transport af any Hazardous Meterials on, under.from or about the Property.THE FOREQOING WARRANTIES ANO ,�_., .' „'.�m��._
<br /> • REPF'.ESENTATIONS,AND TRUSTOR'S OBUGATIONS PURSUANT TO THE FOREGOING INDEMNITY, SHALL SURVIVE „..�,.
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<br /> • � RECONVEYANCE OF TNIS DEED OF TRUST. ' � •� `
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<br /> , 10. Asslgnment of Rents.Trustor hereby asslgns to Lendsr,end grants Lender a security Interest in,all present,future end . _
<br /> , • after erising rents,Issuos and proflts of the Property;provided that Trustor eheli,until the occurrence oi an Event of Default,hereunder, _
<br /> have the right to collect and retaln such rents,Issues and profits es they become due and payable.Upon the occurrence of an�vent of "'`;, f_�
<br /> Qefault,Lender may, either In person or by agent,with or without bringing any action or proceoding,or by a receiver appointod by a _l._�,a,a.:,=—°
<br /> � .� court and withnut regard to the adequacy of its secur(ty,enter upon and take possesslon of the Properry,or�ny part thereaf,In Its own _ -
<br /> ' name or in tha name uf the Trustee,and do eny acts which it deems necessary or deslrable to preserve the value,marketabllity or y�,;:-_��
<br /> '� rentebllity ot lhe Properiy,or eny part thereof or Interost thereln,or to increase the Income ther�from or protect the security hereof and, „�,
<br /> �, with or wfthout taking posse�slon of lhe Property,su�tor or othenvise collect the rents,Issues end proflts thereof,Inciuding those past ,s•�"'�`-- „�;.
<br /> � due end unpaid,by notlrying tenents to mnke payments to Lender. Lender mey apply rents,Issues end profits,less costs and oxpens-
<br /> es of operdtlon and collection including attomey's fees,to any Indebtedness secured hereby,all in such order as Lender may deter- �Y
<br /> � mine. The entering upon and taking possasslon oi the Propertyr,the coflection of such rents, issues and profltu, and the appllcaUon �'�
<br /> . t.;
<br /> thereo9 es aforeseid s�all not cure or waive eny default or notice of default horeunder or invaiidate any act done in respanse to such �';�• S,:
<br /> � default or pursuant to such notico of default and, notwithstanding lhe continuance in possession oT the propdriy ui i��'v w��a�or� -
<br /> recelpt and appltcaUon of rents, issues or profits,Trustee and 1_ender shell be entftlsd to exercise every�ight provided for In any of the _
<br /> Loan Instruments or by lew upon occurrence of any Event of Default,Including without Ilmitetion the�ight to exercise tho power of cale.
<br /> • Further,Lenders�Ights and remedles under this paragraph shell be cumulative with,and In no way a Iimitatlon on,Lender's rights and �� -
<br /> remedlas under any assignmont oi leases and rents recorded against tho Proporty.Lender,Trustee and the receiver shell be Ilabls to ,' :�::�•
<br /> account only for those rents ectuaily recelved. �►' ,�'
<br /> • � 11.Eventa of Default,The following shall constitute an Event of Default under thls Deed ot Trust: �'.
<br /> (a)Fellure ta pay nny Insteilment of princlpal or interest or eny other sum secured hereby when due; ��°
<br /> " '"'� (b)A breach of or detauit under any provision conteined in the Note,this Deed of Trust,eny of the I.oan Instruments,or any
<br />- • other Ilen or encumbrence upon the Properly; —
<br />- (c)A writ of executlon or attachmont or any elmllar process shall be ontered against 7ruator which shall become a Ilen on _
<br />_ the Property or any portion thareot or Interest therein; �"�'•'='
<br />`t;'•�'.. '� (d)There shell be filed by or aAainst 7rustor or Borrower an actlon under any present or tuture federel,state or other stetute,
<br />�- � ��� law or regutation relaUng to benkniptcy,Insolvency or other�ellaf for debtore;or there shall be eppolnted any Watee,recelvor or
<br />�,.'_�. _.� Ilquldator of Trustor a Borrower or of el)or any paR ot the Property,or the rents,issues or profits thereof,or T►ustor or Borrower
<br />-�'`����'``�'�• shail make any generel assipnment for the benefit of creditors;
<br />�'� ' "-. � (e) The sele,transfer,lease, assignment, conveyance or tuAher oncumbrance of elt or eny paR of or eny(nterest in tho
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<br />�• -' � Property,elther votunterily or Invotuntenly,without the express w�itten consent of Lender,provtded that Yrustor shall be permit-
<br />�:,.,�.:..;� ted to execute a Iease ot the Property that does not contaln an optlon to purchese end the tertn oi whlch does not exceed one ___
<br /> �'�o:•.,�;�.: Year, --
<br />-.=.:_•j�;.:_,:. (�Abandonment of the Property;or
<br />��•�,,: (g) Ii Trustor Is not an individual,the Issuance,sale,transfer,asstgnment,convoyance or encumbrence of more than(ff e =__ _
<br />-` '""�'" corporaUon)a total oi percent of(ts Issued and outstanding stock,or(if a partaershlp)e totsl of pe�- _ ••-
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<br /> ,�fK cent of partnership Interests,or(if a Ilmited Iloblllty company)e total of percent ot the Ilmited Uabtlirj compa- �
<br />- ,�•`:`.fc'�•� . � ny interests or voUng dghts during the period this Deed ot Trust remains e Ilen on the property. _ __
<br /> �'����:�.s• • • 12.R�medles;Acceleretlon Upon Default.In the event of any Event of Default Lender may,without notice except as requlred __W,.
<br /> �. � by law,dect�re all Indebtadness secured hereby to be due end payable and the seme shail thereupon become due and payable with- �_
<br /> x out any presentmenx,demand, protest or notice oi any kind.ThereaRer Lender mey: _ __ __ •"}'�_
<br /> . ;�t (a)Demand thatTrustee exercise the POWER OF SALE granted herein,and Trustee shall thereafter cause Trustor's tnter- �-.�..�':.=.;_
<br /> est In the f'roperty to be sotd and the proceoda to be disVibuted,all In the monner provided in the Nebraska Truat Deods Act;
<br /> �. (b) Exercise eny and all rights provided for in any of the Loan Instniments or by taw upon occurrence oi any Event ot iR;��=���_°�
<br /> ;. Defauit;and J�`�'���
<br /> (c)Commence an action to forecloso this Deod of Trust as e mortgege,appolnt a recefver,or speciflcatly entorce any of the -''�.-'.a�."t':
<br />_- 3 covenants horeof. `::•.•{'. ,
<br /> • ' No remedy hereln conferced upon or reserved to Trustee c•Lender Is Intended to be exctusive of any other remedy herein,in tho Loan ��• --.:r.~ ' �<
<br /> ��� x.,.
<br /> Inatruments or by law provided or permitted,but each shail be cumulative,shall be In eddltlon to every olher remedy glven hereunder, " � ,...,;.t,
<br /> �r, .� In the Loan Instruments or now or hereaftor existing at law or In uquity or by stetute,end may be exercfsed cancurrentty,Inaependentty "'�:_f;;_y�z�:•;: '
<br /> :5° • or succeslvoly. � �
<br /> " . -'_ _ �3 Tru�tw_The Tmstoo enav res�an et anv Ume without cause,end Lender may at any time and without cause appofnt a suc- r � ��, �
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<br /> � � cossor or substftuto Trustee.Trustee shall not be Ilabte to any party,Including without Ilmitetlon Lencier,Borrower,irustor or eny pur- -- -_------�;-
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