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<br /> '� ,, , 'Proceeds�In conrtectlon woth condemnation ar other taking of tha Property or part thereof,or for convaysnce in lieu ot oondemnation. ��� ;, ,
<br /> ' � � Lender shall be entiUed at its option to oommertca,appear in and proseade in its own name any action or prooeedings,and shalf also
<br /> � _ , `'f , Oe enUtled to make any compramise or settlement in oo�tr►ecHon w+th sudi taking or damage.In the event any po�on of the Property is� �..` ' '�'' �•� ,
<br /> <c���. so taken or Aamaged.teoder shail have tha option h�its sole and absolube discretian.to aPply aU such proceeds. after deduding � '�
<br /> ' • therefrom ati oosts and expenses incurted by it in conner.�on with such Procaeds.upon any indebtedness srcured hereDy aad in sadi � , .. ;
<br /> ` • • order as lender may detemdne,or to appty a�l such Praoeeds,a�es sacfi deductions,to the res�ration ot the Prapert}r upon such aan- � � . s `y
<br /> ' , ditlons as Lender may determine.Any application of Praoeeds to indebtedness shali not extend or postpone the due date af any pay- ;' � "
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<br /> : " ments undar the Nate,or cure any default thereunder or hereunder.Any unappfed funds shali be paId W Trustnr. �.l �
<br /> . ` 8.PeKormanee Oy Leader.Upon the oa;urrertce of an Event of Oefault heceunder,ur if any act is taken o�tegal prooeeding ' .' � "�
<br /> � �•�4 commertoed whlch materialjy affects Lender's interes!in U�e Pro�ertyt.Lender may in its awn disccetion,but without obtigation to do so, t
<br /> -� o� _ and without natice to or demand upon Trastor and without releasing Trustor irom any obligation,do any act which TtisGor has agreed '.•` � •
<br /> ' � ����"'�`-� but failed W do ar�d may atso do any other ad it deems nec�ssa�y►to protect the security hereof. Trustor shatl,immediateiy upon � � '�` `' �
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<br /> _ __ � ___ _ __ demand theretor by Lender,pay to Lender all costs end e�ens�i�arred and sums expended by Lender in connection with the exer- -_ ° ;
<br /> � � cise by Lender of the foregoing rights,together with irtterest thereott at the default rate provided in the Note,whfch shatl be added to �'�-``.' " ;" -
<br /> � - the indebtedness secured hereby.Lender shalf not incur any�bility�ecausa of anything it may do or omit to do hereunder. '� ` '� �
<br /> ' � 9.Hatardo�a Materials.Trustor shafl keep the Properiy in comptiance with a0 appUpbte �ws. ortinanoes and�g�dations .
<br /> • relating to indusMat hygtene or emrironmental protection(collecBv8ly n9ferred to herein as'Emrtronmental Lairos�.TrusOor shall keep _ ° .�
<br /> . . , the Property free from al!substanoes deemed tn be hazardous ar to�o under arry Errvironmentai l.aws(ooltactIvety r+eterred to heBin .�� ;' ;
<br /> � . • as'Harardous Materlafs�.Tn�stnr hereby warrants and represents i�Leader that there are no Hazardous Materiais an or under the � � �:,%,�.�R:_.
<br /> � '=.� �< PmpeRy.TrusWr i�ereby agrees to fndemnity and hold harmless l.ender,its duectors,officers,empbyees and agents.and any su� , �,
<br /> � . �� • sors to Lendets interesi,from and against any and all claims,damages,(osses and Gabilities arising in connect3on with the presenoa, �' -�_
<br /> • . •
<br /> � � � - use,disposal or hansport of any Hazardous Materials on,under,from ar about tfie Properly.THE FOREGOING WARRAIVTtES AND � �;��_,..�
<br /> � REPRESENTATION3.ANO TRUSTOR'S 0811GATlONS PURSUANT TO"iHE FOREGOING INDEMNITY,SHALL SURVNE '`'—- ^
<br /> . � RECOM/EYANCE OF TH(S OEED OF TRUST. � �'' t� �`�`'T.'
<br /> � � ' 10.AsstignmeM af Retns.TrusOor hereby assigns to Lender..and granffi Lender a secucity tnterest In,aA presen�tuture and • ; `
<br /> � . � after arising centa,issues and prafi�of the Property:provided that Tcustar shall,unUl the accurrenoe of an Event of Defau�,hereunder. : e`°� ,o..
<br /> ` •• . �. have the dght to callect and retaln suc�reats.issues and profits as they become dua artd payable.Upon the accuaence ot an Event of ; r..
<br /> � Qefautt.Lende►may,either in person or by agenf.with or without bringing an}r acUon or proceeding,or by a receiver appointed by a , '`�`'`
<br /> • . . • couR and without negard to the adequacy of its secirriiy,enter upnn and taice possession of the Properly,or any paR thereof,in its own , �ji_�
<br /> • � - name or in ttre name of the Trustee,and do any ar,ts which ii deems aecessary or dasirable to preserve the vatus,maAcetability or � �
<br /> � . � " •'-�s c+entabiiiry o1 the Pir+operty,or any part thereof or interest therein,or h2 increase the inooma therefrom or protect the securily hereof and, � � _�—
<br /> • with or without takin possesslon oi the Pro e sue fir or othennrise cflVect the renLs,issues and prafits thereof,in�uding those past ", ° -
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<br />. • � due and unpaid,by notifying tenants to make payments to Lender.Lender may appfy rents,issues snd pr+cfits,tess oo�ts and expens- >.::
<br /> ::: ���' .:' �`
<br /> ' ,, es of operation and collection indading attomey's fees,to any indebtednass seca�red hereby,aU in such order as Lendet may deter- �,;,� . �� �?; '�=�:
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<br /> � . • - mine.The entedreg upon and taking po&session of U�e Property.the colle�ion of such rents, tssues and profits,and the appiiraflan �. •�:��•;;
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<br /> � thereof as aforesald shall rtot cure ar watve arry detauit or nottce of defauft hereunder or invatidate any ad done in response to sucP� . �"";`__�,,
<br /> • detauit or pursuant W such noUce of detautt and, notwithstanding the continuance in possession of the properry or the coitectlon. '. ,: • =-r-==�:�'
<br /> � : � • receipt and appliqUon oi renb,issues ar profits,Trustee and Lender shali 6e entitled to exercise every rtght provided for in any of the ° . „•;�`�`,.
<br /> � Loan I�struments or by taw upon oawrrence of eny Event of Defauil,induding without IimitaUon the right to exercise the pnwer of sate. `� _—
<br /> �, , �� FuMer,Lender's rights and remedies under this paragraph shall be cumulative wrlh,and in no way a Iimttatlon on,Lenders rights and
<br /> .. , remedtes under any assignment of leases and rents secflNed against the PropeRy.Lender,Trustae and the receiver shaii be Ilable to ���;."'�
<br /> ., .—��
<br /> '. account onty for those rents actualty received.
<br /> , � 11.Events of Default The bliaw(ng shall cunstitute an Event oi Qdfault under this Oeed of Tn�s� .�'
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<br /> (a)Faiture b pay any Instal(ment o!pdncipal or interest or any other sum secured here Dy w hen due; � �:�•`'.��-
<br /> - `�� � � (b�A h�each o1 ar detault under any provision wnffiirtat!in the Note,this Oeed of Trust,any ot the Loan tnstruments,ar any _''"""
<br /> , ' � ather lien or encumbrance upon the Property; �"''•'.`,'"-
<br /> � (c)A writ of exec.�.rUon or attachment or any similar process sfia0 be entered against Trustor whfcb shall become a lien on . '•�'�;;�.�
<br /> . ' • . the Property or any porUon thereof or interest theretn; ' .�j�
<br /> (d)There shaii be fiied by or against Trustor or 8orrower an action und$r any present or future federal,state or other statute. - ' `'''�.'
<br /> �-`�-
<br /> . faw or regulatlon relating to bankruptcy,irtsotvency ar other relieitor debtors;or there shail be appolnted any trustee,raceiver or '
<br /> . _' � • liquidator ot Trustor or Borrowar or of aU or any part of the Properry.or the rents.issues or profits thereoi,or Trustor or Borrower . �� '�.�;--
<br /> shall make any general assignment for the benefit of aeditors: . "'.�
<br /> (e)The sate,transfer,tease,assignmen�canveyance or further encumDrance of a11 or any pan o!or any interest in Ne . ---
<br /> � . � : Property,either voiuntarily or imoiuniarity,without tAe express wr(tten consent of Lender,provided that TNStor sha(I be permit ; .
<br /> ' • ted to execute a lease of the Praperty tha!does not contain an opUon W purcharse and the term of which Coes not exceed one -
<br /> . . y�r, - . . ._.�. �;
<br /> . �• �; (�Abandonment of the Proyerty;or � ��f���
<br />. • ' ; (g)ii Trustor is not an individual,the issuance,sate,transfer,assignmen�conveyance or encumbrance ot more than(if a „ ,.
<br /> coryoraUon)a totai ot percent oi fts issued and outstanding stock,or(if a partnership)a total oi per• � . �`
<br /> � cent of partnership interests,or((f a Iimited liabiliry company)a total ot percent of the 1lmited tlabiiity compa- • ,
<br />_ • � ny Intsrests or voUng rights during the pertod this Oeed oi Trust remains a Nen on the propeRy. : •
<br /> . •�.j 12.Remedies;Aeeeteration llpo»DafaulR In the evenl ot any Event o!Defautt Lender may,without notice excepf as required � ,
<br /> • >' by law,deGare all Indebtedness secured hereby to be due and payabte and the same shatl thereupon become due and payable with-
<br /> , ' �� out any presentment,demand,protest or notice o1 any kind.Thereaftar Lender moy: , ' �
<br /> ! � (a)Demand that T�ustee exerciae the POWER OF SALE granted herein,and Trustee shall thereafter cause Trustor's inter- .
<br /> . � �' est in the Properry to be sotd and the prnceeds ro be disWbuted,all In the manner provided in the Nebraska Trust Deeds Act; , .
<br /> � ' r (b)Exercise any and atl rlghts proviCed tor In any oi tho Loan Instruments or by law upon oaxirrence o1 any Event oi . �
<br /> Default;and � '
<br /> i (c)Commence an action to foreGose this Oeed o1 Trust as a mortgage,appoint a receiver,or speciftcally enforce any oi the � _
<br /> . � � � covenants hereoi. ,
<br /> • No remedy hereln conferred upon or roservod to Trustcte or Lendar Is lntended to be exclusive of any other remedy hereln,in the Loan � .
<br /> . Instrumants or by taw provlded or permitted,but each shall be cumutaUve,shatl be in addition to every other reme6y glven hereunder, � ��
<br /> � in the Loan Instruments or now or hereaRer existing a1 taw or In equlry or by statute,and may be exerclsed concurtenUy,(ndependenUy �
<br /> or succesivaly.
<br /> • 13.Trustee.The Trustee may resign at any timo without cause,and Lender may at any Gme and without cause appoint a sua .
<br /> •- cessor or substltute Trustee.Trustea shall not be Ilable to eny party,including without tlmltaUon Lender,Borrower,Trustor or any pur- ;_
<br /> chaser oi the Property,tor any loss or damage unless due to reckless or willtul misconduct,and shall n�t Ce required to take any actlon
<br /> in connectlon with the ontoroomont o!this Daed of Trust untass indemnified,in wridng,for aIl costs,compensadon or expenses which
<br /> . may be associated therewith.In eddiUon.Trustoe may becomo a purchaser at arry sate of the Properly(judicial or under the power o! �
<br /> . sale granted herein);postpone the sale o}all or any portion o}the Property,as provided by law;or sell the PropeRy as a whole,or in . .
<br /> sepa�ate parcels or lots at Trustoe's discretian. .
<br /> � ' 14.Feas and Expensea.In the event Trustoo solls the Property by exerdse of power of sate.Trustee shall be enUUed to appty ,
<br /> • any sale proceeds first to payment of all costs and expensas of exorcising power o1 sate.Inctuding all Trustee's tees,and Lender's a�d �
<br /> � Trustee's attomey's tees, actually incunod to extont pormitted by applicabte Iaw.In the event Borrower or Trustor exerclses any right
<br /> • provided by law to cure art Event ot Oofautt,Lender shall ho Qntitlod to tecover from Trustor all costs and expenses actualty incurred as ,
<br /> a result of Trustor's delaull,includ�ng without hmitation ell Trustao's and nKorney's fees,to the extent pertnitted by appllcabte Iaw. • •
<br /> 15.Future Advancos.Upon request of Borrowar.Lendar may.�t its option, make additional and tuture advances and read- ,
<br /> �� : rances Lo 9onower Such advances a�d►e�dva�cp�.witn inraract fhnr�nn shalt Ae secured by tfiis Deed of Trust.At no flme shalt t1�e _ _ ____ __
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