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<br /> " •Proceeds")In connectlon with condemnatlon or other taking of the Property or pnrt thereof,or to4'con �nce In ileu or candemnatfon. _
<br /> Lendar shall bo anlitiod at Its optlon to commenco,eppear In and prosocuco In its own name any actlon or procaodings,and shall also �
<br /> + be entitled to meke any compromiso or settlomont In connoctian vdth suc3�lal<Ing or damage.In the event ony paRlon of tho Property Is �
<br /> �,: so tahen or d3m�ged, Lendor shnll heve tha optlon In Its sole end abQOiule dlscretlon, to opply all such proceeds, after doducting —
<br /> � + therefrom all costa and exponsos Incurred by It In connectlon wlth such Procoeds,upon any indebtedness securad hbr u on such con• �
<br /> � order as Lender may deiormine,or to epply ali such Proceeds,efter such deductlons,to the restoratlon of the Properly P _
<br /> � .3 ditions es Lender may determine.Any epplication oi Proceeds to Indebtednoss shall not extend ar postpone the due doto of any pay _
<br /> monts under the Note,or cure eny default thereunder or hereunder.Any unappifed funds shell be pald to Trustor. _
<br /> ' �. Porform�nca hy l,ender. Upon the occ:urrence ot en Evortt oi Default hereunder, or If any act is teken or legal prceeoding c
<br /> commenced�hich materially eNects Lender's Interest In the Property,Lender mey In ita own dlscretlon,but without obligelion to do so,
<br /> ����t� and without notice to or demand upon Trustor and without releasing Truator from eny obligatlon,do any e�t which Tnrstor hes egreed
<br /> but falled to do and may elso do eny other nct It deems necessary to protect the security hereoi. Trustor shell, immedlotely upon
<br /> � '.��� demand therefor by Lender,pay to Lender atl costs ond expensea Incurred end aums exponded by Lender in connectlon wlth the exer-
<br /> ,-=_j"� ' cisa by Lendar ai'the foregoing rights,together wlth fnterAst theroon at the default rete provided In tho Note,whlch shall be addod to
<br /> �! �� the Indebtedness secured hereby.Lender shall npt incur eny Ilabllity because of anything it may do or omit to do herc�under.
<br /> 9.Hesardous Materlals.Trustar shaii koap the Property in compliance wlth all applicable taws, ordfnances end regulatlons _
<br />_� � � relating to Indu�M61 hygiene or environmental protection(collecGvely referred ro herein es'Environmentai lews'). Trusror shall keep
<br /> �,,;,, ths Property free from atl substances deemed to be hezardous or toxic under any Environmental Lawe(collectivey�eferred to herein
<br />- � a�'Hazardous Matedals').Trustor hereby warrante and represents to Lender that thera are no Heze�dous Matedals on or under the
<br />(_ P�operty.T►ustor hereby egrees to Indemnlfy end hotd harmless Lender, (ts directors,ofiicere,employees end agents,end eny succes-
<br /> �,`'•`" sora to Lenders Interest,from and agalnst eny and all claims,damages, losses and ifablHtles arising in connection with the presence,
<br /> -- ..-,r;� �, "�
<br /> , REPR�ENTATIONS�AND TRUSTOR'S OBLIGA710NS PURSUANTbTO THE FO EGOING�I DEMNITY, SHALL 3URVIVE
<br /> �� �.�:i. �
<br />`.�'�'�. ��'�� RECONVEYANCE OF THIS DEED OF TRUST.
<br />.. .a,.t ,
<br /> „i•.r.�:.,�,:,� 10.Astlpnm�nt ot Rsnts.Truator hareby assigns to Lender,end grants Lender a security interest In, ali present,future en
<br /> efter erising rents, Issues end proftto of the Property;providec!that Trustor s�all,until the occurrence of en Event oi Default,hereunder.
<br /> � r�,�v:s.! have the right to collact and retaln such rents,issues and proflts es they become due and payabia.Upon the occurrence oi an Event ot
<br /> :.�-"�"�.�.�--
<br /> -��"�`^ - Retauit,Lender may,either in person or by egent,with or without bdnging eny acUon or proceeding,or by a receiver appointed by a
<br /> `'-s�`';�' couR And without regerd to Ihe adequecy of Ite security,enter upon and take possesslon ot the Property,or any part thereoi,in its own
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<br /> -;;.,.�;:,.:�. . name or in the name ot tho Trustee,end do eny acts which it deems necessary or desirable to preserve the value,marketability or
<br /> "x�`'- rentablifty of fhe Propeny,or any part thereof or Interest therein,or to Increase the Income therefrom or protect the security hereof and,
<br /> =-'•�`" with or without teking possession of the Propertyr,eue for or othenvlse collect the rents,issues and profits thereof,includ(ng those past
<br /> _��� ' due and unpald,by not�tying tenants to make payments to Lender.Londer may epply rents,lasues and profits. less cosis and expans-
<br /> _:..-�'r�,r►us` :
<br /> �s+•�r. , es of operatlan and collectlon InLluding ettortsey's foes, to ony Indebte�ness secured hereby,ell in such order es Lender may deter-
<br /> -=:t��"` � mine. 7he entedu u on and takin uossessio�of the Property,the collecUon of such renta,issues and profits,and the application
<br />�;..i*..:'^•s,; 9. P 9
<br />:;°��.:-t:4�.;�j,�i� the�eof es etoresettl shaif noi cure or waivn ni�y d'vfauit or stott�at�sf�a!t has�unds�or inya�i�iase any act done in response to suCh
<br />,:�,�. � defauit or pursuant to such noUce of defauiQ and, notwithstanding the continuance in possossion of the property or the cc�Ilection,
<br /> --��."'�!�'__;� receipt ard appllcaUon of rents,Issues or proflts,Trustee end Lender shall be entitled to exercise every right provided for In any of tho
<br /> -__ ---- Loan Instruments or by lew upon occunence oi any Event oi Defeult,Including without Iimitation tho right to exercise the power oi sale.
<br /> ����� Further,l.ender's rights and remedles undor this paragraph shall be cumulative w�th,and in no way a Ilmitatlon on, Lenders rights end
<br /> --= — remediea under aryy assignment of leases and rents recorded egainst the Prapertyr.Lender,l'rustee end the recelver shall be Iiabte to
<br /> account only for those rents actually recelved.
<br /> 11.Ewnts of D�hult.The toliowing shatl constitute an Event of Detautt under ihis Deed of Trush
<br /> (e)Futlure tu pay any instellment of princfpal or Interost or eny other sum secured heroby when due;
<br /> __- (b)A to�each o(or defeult under any provislon contsined in tha Note,thls Qeed of TNSt,eny of the Loan Instcuments,or eny
<br /> = — ��her Ilen or encumbrance upon the Property:
<br /> -- (c)A writ of execution or ettechment or eny slmllar process shell be entered against Trustor which sha�l become a Iten on
<br /> the Property or eny portion thereof or Interest therein;
<br /> (d)There shall be filed by or agelnst 7n�stor or Borrower an ection under any pr9sent or future federal,state or other statute,
<br /> lew or regulation releting to benkruptcy,Inaoivency or other�ellef for debtors;or thare eshell be eppolnted eny Watee,receiver or
<br /> Ilqutdator ot Trustar or Borrower or of ell or eny part oi the Prope►tyr,or lfie rents,lssues or profits thereot,or Trustor or Barower
<br /> shalt make eny general assignment for the benofit of creditors;
<br /> (e)The sale,trensfer, lease,acsignment,cenveyance or fuAher encumbrance of ell or any part oi or eny Interest in Ne
<br /> Property,either voluntediy or Invoiuntenly,without iha axpress wriiien awn�eni cii Lbi id&i,N�v�dsd th�t Tnsstos�e!!��!�4t-
<br /> - ted to execute a lease oi the Properq+that doos not contain an optlon to purchase end the term of which does no4 exceed one
<br /> — year;
<br /> -�-�= (�Aba�donment of the Property;or
<br /> (g)If Trustor Is not an Indtvidupl,the Issuance,seie,tranafer,assignment,conveyance or encumbrence of more than(If e
<br /> "-��v�� corporeUon)e totel oi percnnt oi(ts lasued and outstending stock,or(If e partnership) a total of par-
<br /> ---R�°� cent oT partnership Intereste,or(If a Ilmlted IlabUtty wmpany)e total oi _ percent of the Iimited Iiability cwmpa-
<br /> ---_.=,0 ny interests a voUng�ights during the perlod thls Deed of T�ust remains e Ilen on the property.
<br /> __--_'�;�� 12.R�madi�s;Acctloratlon Upon Mfauit.In the event oi eny Evont of Defauft Londer may,without noUco except as required
<br />�..�;,�W�;�; by law,declare all indebtedness securad herbby to be due and payeblo and the samo shall thereupon become due ared payabte with-
<br /> - -_-.�=:::�� ou4 eny presentment,demand,protest or notice oi any kind.Thareafter Lender may:
<br /> _��� (s)Demend that Trustee exercise the POWER OF SALE granted hereln,and 7rustee shall thereafter cause Trustor's inter-
<br /> -=����`-�. est In lhe Property to bo sold end tho procaeda to be distributed,ell Ui the manner provided fn tha Nebreska Trust Deeds Act;
<br /> --;=,ti�;3,;r;-, (b)Exe�clse any end ell Nghte provtded tor In eny of the Loan Instrument3 or by law upon occurrence of any Event of
<br /> -�:_::,"-;::,;,,� ; Default;and
<br /> =-}�:,.,.;};%,; (c)Commence en actlon to foreclose this Deed of 7rust es a morigege,appaint a receiver,or spe�flcally enforce eny of the
<br /> �-��e�';;��;�, covananb hereot.
<br /> ,a-�i°_,'-:° -.
<br /> � g•� nstrumentyshor by law�provlded or pertnitted,but each shall be cumu etive�shail be Ineaddltion to everytother remeydy'��,giveil'herouilder,
<br /> -=:��;`1:',•�-� .
<br /> ,,nt;L1�,;�#� In the Loan Instruments or now or hereafter existing et lew or In equiry or by stetute,and may bo exercised concurrently,independontty
<br /> : = l� 0�6UCC8S�Y91Y• _.,__� _•.. .•a...e e...�...t�s.�.�►..u��en nn�v�int a mir
<br /> _--,:�.?=�'y,� �'.�.TNSLM.The Trustee may rasign at any iime wimoui i:a��a,m�ai�onvo� nmj o�a:j...............•.....�.------rr-•-----
<br /> �,;;xY'=°!`_'': �;vi cessor ar substitute Tn�stec�.Trustee ahall not be Iiebte to any party,induding wlthout Ilmitatlon Lender,Borrower,Yrustor or any pur-
<br /> ••'' ` '� '2 chaser of the Property,for eny loas or de�rage untess due to rockless or wiliful misoonduct,and shall not be roqutred to teke eny actbn
<br /> " ; ,; � # in connection wrlth the enforaement of this Deed of Trust unless Indemnified,in wdting,far all costs,compensation or exponses which
<br /> ,.. .,��„ may be assoclated tnerewith.In eddition,Truatee may become e purchaser at any sate of the Property Qudicial or under tho power of
<br /> �t'S sale gr�nted hereln); postpone the sate ot etl or any poNon oi the Property,os provtded by Iaw;or seU the Froperty ea a whole,or In
<br /> • separate parcels or lots et Trustee'a discreUon.
<br /> '� 14.Fe�s�nd Expsns�s.In the Avent Trustee sells the Property by exercise ot power oi sale,l'nistee shall be Qntitled to apply
<br /> ` eny sale proceeds flrst to paymsnt of ell costs and expnnses of exorc{sing power ot sate,including all Trustee's fees,end Lender's and
<br /> n • Trustee's attQmey's fees, a�tualiy Incurred 4o extent permttted by nppilcable law.In the ovent Borcower or Trustor exe�cises any�Ight
<br /> -;.; :� , provldsd by law to cure en Event of Dofauit,Lender shall be entitled to recover irom Trustor all costa and expenses actually fncurred es
<br /> �:�•�' •c�'�' � e result ai Trustore dateult,Including without IlmiteUan ell Tn�stee's end attomey's foos,to the extent permitted by applicable law.
<br /> �;:''A:;� ':• 15.Futun A.dveneas.Upon requost of Borrower, Lender may,et Its option, make edditfonel and future edvancss ancf read-
<br /> �" ti""'"�"'�•.�' vances to Bor�wer. 5uch advencos end readvances,with fntorest the�eon,shall bo secured by this Daod ot Trust.At no time shell tho
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