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<br /> � ` , .`` `; ea ai an Event ot Detault hereunder. or H arry ad is mken or tegal proeee�ri9 � �,, :�f `' .
<br /> , ' e. P@r[Or11lSRC0 by Lendei. Upon Ne oecu�rec� � �
<br /> � . ` commeneed whieh mffiesiaU7l eHec4s Lende�s interest In the Prop¢rty. Lender ma�[ir�fts own di�on.bui wdhout obOgaSon to do so. and t�..:`,' ` :
<br /> . Y ~ � ' withou!noSee to or demsnd upon Tmator tsnd w�thaut releastng TruaWr from arry o6dgatton, do any aet which Trustor t►�s a�eed 6at faIIed . z `'
<br /> � to do ertd maY afso do any ather ac!ii deems rtecessary►ts P�the securByt hereof.Tiustos sha0,immedtatatY aPon demand theretor by � ``.':�
<br /> � � . : . Lender, pay to I.ender aU costs and w�enses tneuReQ and sums expendei by Lender in connecUon wflh ffie mcereise hy Lender ot the ` � ,�(".
<br /> � • . �toregotng dghts.to9ether wi2t�interest there°n ffi the defautt rate provided In the Note.whtch aheD be added to the indehiedness secisred
<br /> • � h�by.Lertder ahaU not In�vr enY 6abii�y►bee8use of anything it ma7/do or omit to do hereanda.
<br /> •, . • �' •.�; in eompliance wlth e!1 epA4caDIa laws. ordlnances and reguiadons relating - .�•.� .
<br /> � 9. H��SrdOUS Mffi9�i8t9.Tcustor shaU keep the RroP�Y � ... •
<br /> + to indus81a1 lrygiene or environmenffit pratection (eoUeclivety r�en2d to herein as 'EnviranmerAai Laws').Trustor shall keep the Properly hee
<br /> ", ; � frotn aU subs�nces deemed to be hamidous or toxtc onder any►Enviroruasnial Laws(eoIIectivety reterted to hereln es `Hamrdous AAatertats'). . . . �
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<br /> �'"`�`` Tnistor hereby warrants ar►d represents to lendw that there are no Hesardous Materlals on or under the Properry•Trustor hereby a�ees to i
<br /> � ' � �~�� �' IndemnHy and hotd harmlQSS L.er�der.fts�drectors.oNicers,emPtoyess a��d ageota.and any successors to LendeYs U�4ere.,H,irom and egatnst . �
<br /> --=_��.-,_-`-_
<br /> any and aU cialms. damages.tosses and Gab�iUes adsing i� +�mact� w�h the presence. use. disposal or Vansport o1 any Hazardous � _s, �
<br /> ' � � Matertats on,unde(finm or about tAe ProAe►tY•THE FOREGOINii WARRANTiES AND REPRESEMATIQNS,AND TRUSfOR'S OBLtC�1AAT10NS �.
<br /> . ' �. � PURSUANT TQ THE FOREQOlN�IND9�IIPtIIY.SHALl.SUNiliVE RECONVEYANCE OF TH{S DE�OF iRUST. _ � .
<br /> � Lender a secutily interest fn.aD gresen� tuture aed after '�Y
<br /> ` � ' ' � t0. ASSignme4lt of Ret1t8.Tmstor hereby assi�s to Lendu,and�ants - . -
<br /> - � ' � arfstng rents�issues end profits o1 the Fraperly:Provided that Trustor sha9,ur�U1 tds occurrer►ce of an Event of Oafault hcMeunder, have the . ' ..
<br /> • �'. � �i g F�t t o c o Uect and retain such re.nfs.fssues and proUts es they become due and payabte. Upmn the oa,urrence af an Event ot Qetaui� :� -
<br /> •...1�►da may.e�her in p�son or by sgerR, witl�or wftRRoid bfii�ng any aeUon or proceedtng.or 6y e rece[vp.r ePPo i M e d by e a o u r t a n d ,
<br /> . • , without tegard to the adequs�y of tis securtty.enter upan and talce possession af the Rropert5►.or arry part ther�eaL(n its own nama or tn the . �+•ri; -
<br /> nams of the Trtsstea,and do eny acts which ft deens pecessary or deslrabte to preserva the value,marketa60'ity or rentab�d}i ot the P�oP�Y ti`
<br /> . . `: � or e n y► p a R lhereof or interest therdn. or to In�ease the Income therefmm or protect the seairiry hereof and, witA ot without ta(dn8 �_
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<br /> ' : �• ' p o s s e s s i o n W the Pro p e r t y. sue tor or oiherwise coQect the cer�ts. issues �d p��f rt a. !�costs9 e n �p e n s e s o f p r a tl o n d•a n d , .^.
<br /> , . , � n o t i t y i n g tenar[ts to make payme►�ts to Lender. L'ender maY ePPN terrts. tssves an d --_--
<br /> `'�,"� ca4ec6on inclu�ng attomays'fees.to arty indebtedness secured hereby.s11 in such order as L�der may Qetermine. 'Ihe errter(ng upan an d ,m
<br /> �9 P��on ot the Pro p e r t y.the coaecUan of suab renta.iasues and profits eRd the aPp6CaUon ihereof as afore.said.shaU not cure or � ',:; -�
<br />�.�� � � waiv�any detauit or noifce oi detaurt h�eunder or inva4date any ect done In response to svcb dc�autt or pursuant to sucb notfce of detaull s:..•.�:., : ��
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<br /> y'": an d, n o t w i t hstant4rt g the ca�inuance tn possession of tha Properly or the coQedion, recefpt end appUcaBon ot rents, issuas or protRs. : �,z-
<br /> Trustee and LenQer shaD be er►titied to mcercise every dght Provlded tor in arry of the Loan Instruments or hy taw upon ocwrrenee of any �."�_-_
<br />.-�,;; � . `�•a�� Event of Detau�, incfuding without limitalian the dght to exercise the power of sate. Further. Lenders dghts and remedies under this '' 1�.;°.r",'._
<br /> . -. �• ° � pata�app shati be cumutative�th.and in na way a Qm�tlon on. lender's dghts a�d remedies under any assignmeni oi teases and rents :�i__��_
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<br /> ` � � � recorded against the Property.Lender.Trustee and the receiver shail be Ilabte to aecount onty for thase re�s setuaAy recei+red. , .�-_
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<br /> • �`•� 11. EvBIItB Ot 08f81t1�Tha todowtng shall constitute an EveM of Oetault under this Oeed of Trust: �.. . -��
<br /> ' ' (a)Fallure to pay any tnsteliment o1 pr(nctpal or tnterest ot ar►y other sum secured hereby when due; �c t:�*�°�_
<br /> ��`''r: . (b)A breach of or Aefauft under any provision co*tteined In the Note,this Deed of Trust,anj►of ihe Loan lnstrumec�,o�any othet . ,' —
<br /> �'��� Gen or encumb►ance upon the Property. --
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<br /> � ' (c) A wrtt of execution or attachment or any simRar process shall ba r£tered against Trustor which shaU became a Nen on the _
<br /> � . Property or any p�Non thereof or(rtterest thereln: -�~
<br /> :>;'%�e_.:
<br /> � � " (c�There shatl be filed by ar against Trustar or BoROwer an adion under eny presertt ar tu0�re tederat,state or other statute.law or , ? • . _
<br /> � �'.`"''' �•�� ° rPgulaUon relaNng to 6aniuupt�.5,insoNency or other relief tor debtora; or there shaD be 2�o(rde� arry trustee•recelver°r p�Nidator of '�-
<br /> - . Trustor or 8ortower or of ai!ar eny part of the Properly, or tha rents, fssues or profits L".2seoi,or Trustor or 8arrower shall make enY ;,y�
<br /> � . general assignment tor the benetit of credltors; �• '.. �, ���
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<br /> � (e)The sale, transfer, lease. ass[�ment, conveyance or fudher enarmbrenoe ot all or eny pari of�anY interest In the PropeKy. �:• �:
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<br />- either volunterfly or involuntarfty,without the express w�tten consent of Lender; provided that Trustor s�:aH tae permitted to execute a _
<br /> •`f tease ot the Piroperty thffi does nat eonteln an option to purchases and the tertn ot whieh does not exceed one year. ' •,.,;,���.:;� :
<br /> -- (i}Abandansnern ot the Properly:or . .. .. - _
<br /> =.t • . (g)It Trustor is not an fiQividuai,the issuance,sate,transfer.assignmenl.conveyance or encumfiranee ot more than(�a aorporationl . . . _
<br /> , �� • e tatal 01 ____percent ot its issued and outstan0ing stock,or(A a parfiershlp)a total of PeiozM s1.`
<br /> _ .. � pannership interests,or(d a funited Ilabiliry compar�a total of percent of the Rm(ted Gabii'dy cempany tnterests or
<br /> _ ' : �� voting dghta durfig the period this Deed ot Trust remains e Ilen on the properly. �•• `
<br /> �•� 'r ' 12. Remedies; ACCeleretlOn Upon 06f8uit.tn the event af any Event of DetauB Lender may,without notice except as requUed ,-�;:�;;: ..' �'_:
<br /> � � ' by Iaw,deciare all indebtedness secured hereby to be due and payable and the same ahall thereupon become due and payabte wrihout any . .
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<br /> ' presentmenb demend.proiest or notice of eny kind.Thereafter Lender may: ..�
<br /> ��•� �.. (a) Demand that Trusiee exerdse the POYVER OF SALE granted heretn,and Trustee ahall thereafter cause Trustors Interest fn the ,,};._ %�
<br /> • � Property to be sotd and the proceeds to be distributed.af.rn the manne►provlded in the Nebrasko Trust Deeds Act; r
<br /> ; • • � (b)Exercise any and all dgMa provided tor in any o1 the Loan Instruments or by Iaw upon occuRenee o1 any Event ot Detaufh and ,
<br /> . (c) Com�r.ence an actlon to toreclose this Deed o1 Trust as a mortgage. appotnt a receiver, or specifically enforce any ot the ,
<br /> . . covenants hereol. ;:
<br /> ' � � No remedy hereln conterred upon or reserved to Trustee or Lender is Intended to be exclusive of any other remedy herein, In the Loan . . .
<br /> - InsVuments or by law provided or permitted. but each shatl be eumulathre,shali be in additlon to every other remedy gNen hereunder.In the ' �
<br /> •� Loan InsUuments or nuw or hereafter existing at taw or in equtty or by atatute. and may be exercised concuaenUy, lndependentty or , .
<br /> : successivety. �
<br /> � 13. TfuSi80. The TNStee may resfgn at eny time wfthout cause,and Lender may at any time and without cause appoir►t a suceessor
<br /> � or substiNte Trustee. Trustea shall not be liable to any pariy. Inciuding wfthout 1lmitation Lender, Borrower. T�ustor or erty purohaser o1 the .
<br /> Property.tor any toss or damage unless due to reeWess or williui miseonducl,and shall not be requUed to lake eny actlon In connection wlih ,
<br /> ' the entorcement of this Oeed o}Trust uniesa indemnifled, in writing, tor ail costs. compensaUon or expenses which may be assoclated
<br /> � therewtth. In additlon. Trostee may become a purchaser at any sate o1 the P►operty Qudiclal or under the power ot sale granted herelnj;
<br /> postpone the sate ot atl or any pordon o1 the Property.as provided by law:or seil the Property as e whoie, or in separate parcels or lots at .
<br /> , Trustee's discretlon. .
<br /> � �a. Fees and Expensos. In the event Trustee seils the PropeRy by exercise of power ot sate.Trustee shall be entiHed to epply any
<br /> sale proceeds first to payment ot all costs and expenses oi exercising power ot sate.irteluding ail Trustee's tees. and Lender's and Trustee's
<br /> ' `> � attorney's fees.actually incuned to extent pertnitted by appl�cable law. In the event Bortower or Trustor exercises any right provided by law to •- . -
<br /> � ! Ft]118.���0(�0155) pa9C 2 O}4 . �
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