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<br /> '.t• ` `� r .� 'Prooeeds�In aonneetion w(th condecnnaUon or other taking of tAe Propariy or part thereot.or far�v��oe in ligu of oondemnation. �
<br /> ' , ' ';� Lender shaU be entiUed at iIS opUon to commence,appear in end prosecute in►ts awn name any a�Fon or p�cesQings,and shall atso • �'�• ;;' " ,
<br /> ' " . pe enMied to make any cumprcmise or ssittament(n connecGon wiM such taking or damaga tn ihe evant any portlon ot the PropeRy Is .
<br /> . � ` , `` so talcen or damaged.LenCet shell f�ave the optian fi its sote and gtisotute discreflon.Eo apply ai1 such proceeds, aRer deductln9 � .:�-
<br /> `` • Nerefrom all costs and expenses tncurted by It tn connsction with such Proceeds.upon any indebtedness secured Rereby and in sucA � , ��' �
<br /> • '. � order as lender may determ[ne,or to appty aS!sach Procaeds.after such deductfons,to the restoration ot the Property upan suc�aore- . �' � ��
<br /> � _� ; � � � , � ditions as LenQer may determine.My appGcatioo of Proaeeds to iadebtedness shatl not eMend or postpcne tAe due date o1 any pay- ` ' •` }`
<br /> �, ' , � c�. ;� m e n t s u n d er U t e Hote,or are an y defautt thereunder or hereunder.My unappfied fnnds shaU be paid to Tnistur. �
<br /> • °`' 8_Per[ortrtante by Lender.llpon the ocamanoa of art Event of Oefault hereunder,or ii sny act is taken or iegal prooee dirtg '�<r' .•
<br /> ` - commenced which materia�yr aEfe�s iendars i��in the Pnopelty.Lender may Fa iis ouun discretion,but vrithout o6Ugatlw�to Qo so.
<br /> � . � and withaut noUce to or demand upon Tnrstor ar,d without releasing Trustor from any obligatton.Eo any sct which Trustnr has agreed • • � ,
<br />_ , ,� ",.r.--,-.`� but failed tu do and may also do any other ast it deems necessary to pmtect the security hereof. TrusWr shsll. imme0iately upon � ; - <�
<br /> : ..-Y---_ desnand thersbr by Lertder,pay to�ender aU costs and expenses Incuaed and sums expended try Lender in conne��n witri!he exer- t . ;� i
<br /> �`�.' dse by Lender of the toregoing dghts,togetRer with interest 6herean at tP�e default rate provided in the Note.wh[rJ�shaU b�adQed to , ��
<br /> '�` ' tl�e indebtedness sacured Aereby.Lender shatl not inau any Iiabiliry because oi arlyth3ng it may do or omit to do hereunder. ;; < <
<br /> � `< ` . 9.Hasandous Mate�tals.Tnistur shali Iceep the Properly in complianc�wffh all appticable laws.ordinances end regutations
<br /> " � reSating W industriat hygiene or environmentat pmtection(coUectively referred to herein as'Environmer�l Lawa�.Trustor shail keep
<br /> .° � . _ t�e Properry free from a!1 substanoes deemed to be hazardous or toxic under any Ernirotxnental L,awa(oo�ecGvely referred to herein `�.� ` • .
<br /> • _ as'Hazardous Ntaterials7.Tnrstor hereby warrants and represerts to Lender that there are no Hazardous Mate►iats on or urtder 8�e • :,.;a�
<br /> ' Property.Ttusior hereby agrees W indemnify and hotd harmiess Lender,its direetors.offioers.employees and agents.and any succes- - -`--".
<br /> , sors to Lenders interes�from and agafnst atry and all daims,damages,losses and Ilabilities adsing In oonnedion with the pr�sence, �.�; "��._�'
<br /> � , � . use,d�sposal or transport of any Hazardous MateriaTs on,under.from or about the PropeAy.THE FOREGOING WARRANTIES AND _F :-=.'^_--
<br /> t - REPRESENTA710NS, ANO TRUSTOR'S OSLIGATt�NS PURSUANT TO THE FOREGOING INDEMNITY, SHALL SURVIVE - "_
<br /> ��� RECONVEYANCE OF THIS DEEO OF TRUST. ' , ---
<br /> � � � �� � " ' 10.Asstgnment of ReMs.TrusOor hereby asslgns W Lender,and grants Lender a security irderest in.aU presen�fu�re and • .
<br /> � - after arising rents,issues and profits of the Property;pmvided that Trustor shafl.untii the oocunence af an Event of Oefauit,heaeunder. "�,�. ,,
<br /> ' � • hav�the dgt►t tQ coltect and retairt such cents,issues and profits as they become due and paysbte.Upon the occumence of an Event of _
<br /> ' . qefaui�Lendet may,elther in person or by agent,with or wdhout bringing any action or proceediag,or by a receiver appointed by a � . ,=--=-
<br /> , _... t�uurt and without�egacd to the adequacy ot its securiry.enier upon and fake possession of ihe Property.or airy paR ffiereoi.in its own :<.,;;-_-
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<br /> `- - ' - �� name or in the name of the Trustee,and do arty ads whic�h it deems�ecessary ar desirable to P�reserve the vatue,marketability at �`'� " ���=
<br /> " , �:�;_:
<br /> � • �--ti�• rentability ai the Property.or any part thereoP as in�t therein,or to increase the inoome tharefmm or protect the seanityr hereoi and, • �:�_
<br /> . � • ��'`•��` ` with or witt�out faking po�ion of the Property,sue for or otherwise colteG the rentg,issues artd prafits thereot indud�ng those past � .�-
<br /> d�:e and unpaid,by notifjling tenanis to make payments to Lender.Lender may apply rents,issues and profits.less costs an d expens- r:;y �
<br /> -''-', •. �.. t es of apera6an and coltecdon induding attomeys fees,to any indebtedrtess secured hereb .all in suct�order as Lertder ma deter- � �'y!,`^
<br /> c Y �_a„�.:
<br /> ` mine.The entering upon and taking possesston of tlre Properiy.the wtteqion ot such rentys, issues end profiis,and ths epp Uca Bon `�'::.�,��;_
<br /> ;� . : . ''" iheneof as atoresa'sd shatt not cure or waive any defauft or notice of default hereunder or invaLdate any act done In response to sudi --...�..
<br /> ' • < . : default or pursuasit to such noUce of default and.notwithstanding the contlnuanoe in possession oi the propeRy or the coltectlon, "--m
<br /> �'� � reaeipt and appfcation of reRts,.issues or prof�is,Trustee and Lender shail be entitled to exerdse every dght provided for in any ot the -`�'•'�.�
<br /> � !�n(nstruments or by law��,ct�ccurrence of any Eveni of Defauit,induding without IimltaUon tl�e right to exercise the powet of sate. -__
<br /> ' . F�riher,Lender's rights and r�-rv:dies under this paragraph shail be cumutative witb,and in no way a limitatton on.Leadets rights and . . ____
<br /> ' ' remedies under any assignrnent of teases and�ents�ecorded against the Property.l.ender.Trustee and the receiver shaU he Qable to ;:�—�;=•
<br /> , � ���` account onty fir those rents actually received. ,r .:."�_''�.�
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<br /> , , • 11.Events oi Oefaut4,.The fotlowing shal!constltute an Event of Qefauit under thts Deed of Trust ' � -�
<br /> , '4 (a)Faiture ta pay arty installment of pdncipal or interest or any other sum secured hereby when due: "'' ^�
<br />- � ' � - (b)A breach of or de;auit under any pravision contained tn the Note,this Deed ot TrusL any ot the Laan Instruments,or any ��
<br /> � • . � p;�� �. offier lien or encumbrance upon the Property; T:ii�-
<br /> � � �. � (c)A writ of executlon or atlachment or any similar process shall be eniered against Trustor whfcl�shail bec:eme a lien on :="`'�-_
<br /> . � the PropeRy or any portIon thereot or tnterest therein; • ' .�•�
<br /> • � (d)There shall be fited by or against Trustor or BoROwer an action under any present or future federal,state or other staicc�. '�•r �:_3 a
<br /> � � law or regutatlon rela6:�g to hanlwptcy.insotvency or other retief for debtors:or tAere ahall be appointed eny Wstee,receivar or ���' --
<br /> , . �• � � � � liquidator of Trustor or Borrower or oi alt or eny paK ot the Property.or the rents,issuas or profits thereot.or TNStor or Borrawer _ . �
<br /> shatl make any generai assignment for the benefit ot creditors; ..�„
<br />- • " ' (e)The sate,transfer,lease, assignment,conveyanoe or fuRher encumbrance of all or any part oi or any interest in the - �
<br />-- � . ;;i;��� PropeRy,either votuntarlly or invotc��.^ity,without the express written consent of Lender;proV�that Tnistar shall be permit- •�
<br /> � '����r ted to execute a lease ot the Property that does not contaln an opUon to purchase and the term oi whicb dees not exceed one . �•
<br /> ,;•� , y�r • .
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<br /> _ . � (�Abandonment c.f rl-a Property or '_.' .� .
<br /> , . ' (g)It Trustor is not an indivldual,the issuance,sale,transfer. assignment,canveyance or encumbrance of more than(it a
<br /> .,. • ' • . corporz�cr)a total of percent oi its Issued and autstanding stodc,or(it a parhiership)a total ot per- ,
<br /> � cent oi ��:�tnership interests.or(if a Umited Iiabiiity company)a total of percent oi the limited liabifity oamp2- ._ • .
<br /> :�., � ' . ' � ny interesis or voUng rights during the pedod this Deed oi Trust remains a lien on fhe property. �
<br /> � . ' 12.Remedies;Acceteratton Upon Qeiault In the event ot any Event of Detault Lender may,without notloe except as requir�ed � _
<br /> ,-'. by law,declare all indebtedness secured hereby to be due and payabte and the same shall thereupon become Que and payabte wtth- • . •
<br /> � • out any presentment,demand,protest or notice of any kind.Thereafter Lender may:
<br /> � � . � (a)Demand tnat Trustee exerctse the POWER OF SALE grarzted herein,and Trustee shall thereaRer cause Trustor's inter-
<br /> . .. est in ttre Property to be sotd and tt:e prooeeds tn be disUibuted.z71 in the manner provided in the Nebraska Trust Deeds Ack • '
<br /> � � � (b)Exercise any and all dghts provided for in any af the 4oan Instn,menta or by law upon occunertce ot any Evant of � � .
<br /> � • ' Detaul�and �
<br /> (cj Commence an actlon to forectose this Deed cf Trust as a mortgage,appolnt a recetver,or speciflcaity entorce any oi the •
<br /> � . � � oovenar.ts hereof. � •
<br /> . ' . � No remedy here'sn conferred upon or reserved to Trustee or Lendar is;rL�nded to be exGusive of any other remedy herein,in the Loan
<br /> , instruments or�y taw provided or permitted,bul each shalt be cumulaGve,shall be in addition to every other remedy giv�n he�+eunder, _
<br /> . � In the Loan instruments or now or hereafter e�cisUng at law or In equity or by st8tute,and may de exerclsed concurtentty.inQep'endentry
<br /> or succesivety. �. �� .�
<br /> � � � 13.Trustee.The Trustea may resign at any time without cause,and Lender may at any time and without cause appolnt a suc�
<br />' , cessor or subsUtute Trustee.Trustee shall not be liabie to any party,Incfuding without limitaflon Lender,Borrower.Trustor ar any puc- • : .
<br /> chaser oi the PcopeRy,for any loss ar damage untess due to reckless or wlilful misconduct,and sha�l not be requlred to take any actFon
<br /> { �< in connection with the entoroement of thls Deed of Trust unless indemnified,in wriNng,for ali cosis.campensation or expenses which .
<br /> , . , may be associated therewith. In addition.Trustee may become a purchaser at any sale of the Property(judficial or under the power o}
<br /> ��, . . . sate granted herein):postpone the sale of all or any portion oT the Property,as provided Dy law:or sell the Properiy as a whole,or in
<br /> � � � separato parcets or lots at Trustee's discretion. ,
<br /> ' . 14.Faas and Expensea.In the event Trustee selts the Property by exercise ot power of sate.Trustee shail be enGUed to apply
<br /> '� � � �� any sale proceeds flrst to payment ot all costs and expenses o!exerGsing power oi sale,inGuding all Trustee's tees,and LenQefs and � .
<br /> � Trustee's attomey's tees, actually incuned to extent permitted by applicabte law.In the event Borcower or Trustor exercises any dgfit
<br /> . � provided by lavi to cure an Event o!Oefault.Lender shall be en6tled to recover irom Trustor all costs and expenses actually incuned as .
<br /> • • � a result of Trustor's default,includirtg without limitation aIl Trustee s and attomey's fees,td the extent permitted by appticabte taw. , .
<br /> � 15.Future Advances.Upon request o1 Bonower.Lendsr may, at its option,make additlonal and future advances and reaC• . .
<br /> °•,` - ---�°{ rances ta�or�r.3uch aclvancc�acsd reu�iar.ces,°:ith lntesest lhereon,sha!!be secured by this Dead ot Tn�st At rto dme shall the � �
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