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<br /> •• "Procecds')in connectlon with condamnatlon or othor teking of the Property or pert thoreot,or for convoyAnce In Iieu ot condemnation. „
<br /> Lendor shnll bo ontitlad at it3 optlon to commonco,uppoor In and prosecuto In Its own namo any action or procaadings,and shall also
<br /> be entitled to meke eny wmpromtse or eottlymant In connectlon wlth such taklnp or damage.In the event any portlon of the Property is
<br /> so tnken or c9amcged, Lendc�r sh9li havo tne optlon in Its sole end absolule discrotion, to apply atl such procaods, nftcr deductfng
<br /> therotrom all costs and expensos Incurrod by It in connection with auch Procneds,upon any Indebtedness secured hereby and In such "
<br /> ordor es Londer may dotermfne,or to�pply all euch Proceeds,after such doductions,to the restoretlon of the Pruperty upon such c.on- •
<br /> " ditions es Lender may determine.Any epplicatlon of Proceeds to Indebtednass shall net extend or postpone the due dete of eny pay , .
<br /> ments under tho Note,or cure eny dofault thereundor orhereunder.Any unapplled funds shall bo paid to Trustor.
<br /> 6.Peridrr�iance tuy Lender. Upon the occurrence of an Event of Oolault hereunder, or if any act is taken or logal procaeding
<br /> „ ; commenced whlch materially affects Lender's Intere�t in lhe Property, (.ender mey in its own discretion,but without obligation to do so, •.
<br /> »�;;. . and wfthout noAce to or demand upon Trustor and without releasing Trustor Irem any obllgation,do any ect which Trustor has agrood �� ,��•
<br /> - but feiled to do end mey atso do eny uther ect it deems necesaery to protect the security hereof. Trustor shell, Immedlately upon •�
<br /> ' ''� ' damand thoretor by Lender,pay to L9nder oll costa and or.penses Incurred and sums expendad by Lender in connection w(th the exer-
<br /> cfse by Lender of tho foregoing rlghts, together wlth fnterest thereon at th9 defauit rete provlded in the Note,which shall be added to
<br /> the Indebtedness secured hereby.Lender shall not Incurany Ilability beceuse oi anything it may do or omit to do hereunder.
<br /> 9. Hazardoua Materiats. TNStor shall keep the Praperty In compllance with all applicable laws, ordinances and rogulatlons r�; ;;•'�•,�-_.:
<br /> relpting to industrial hyglene or envlronmentel protectlon(collectivety referred to herein as"Environmentel Le�vs').Tntstor shall keep ��_'-
<br /> the Property free from all substances deemed to be hazerdous or toxic under eny Environmentel Laws(coilectively referred to hereln • ��..�.._.
<br /> , as`Hezerdous Materials').Trustor heroby warrants end roprosont�to Londer that there ere no Haz�rdouo Materlals on or under the '=b-
<br /> Property.Trustor hereby agrees to Indemnify and hold hermless Lender,its directors,officors,employees and agents,and ariy succes-
<br /> sors to Lendet's interest,from and against eny and atl clafms,demages, losses and Ilabilities erising in connectlon with the presonce, �-`_-``--
<br /> ' use,disposal or transport of eny Flazsrdous Matedals on, under,from or about the Property.THE FOREOOING WARRANTIES AND ;%���
<br /> REPRESFNTATIONS, ANO TRtJST0f3'S ODUGATIONS PURSUANT TO TNE FOREGOING INDEMNITY, SHALL SURVIVE
<br /> . ' RECONVEYANCE OF THIS OEED OF TRUST. �;=�•�
<br /> ,� 10.As�ipnment of Rents.Trustor hereby essigns to Lender, and grants Lender a security interest in, all present,future and - -- _
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<br /> � after arising rents,issues and proflts of the property;provlded that Trustor shall,until the occunence of an Event of Dafault,hereunder, .:;�;; -
<br /> `� have the right to collect and retain such rents,issues and profits as they become due end payebie.Upon the occurrence of an Event of °.-'_'�-
<br /> Qefault,Lender may,either in person or by egent,with or without bringing any acUon or proceeding, or by a roceiver appo!nted by e � ��'::=
<br /> " oourt and wlthout regard to tha edequacy oi(te secudty,enter upon end take possesslon of the Property,or any part thereof,in ita own ���-��
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<br /> name or In tTae name of the Trustoe,end do eny acts which(t deems necessary or deslreble to presorve the value, marketabiGty�r �����
<br /> rentablllty of the Property,or any part thereoi or Intere�t lherein,or to incre�se the income therefrom or protect the secudty hereof and,
<br /> with or wlfhout teking possession of the Property,sue for or otherwise collect the rents,issues and proflts thereuf,including those pact -
<br /> due and unpaid,by notifying tenanta to make payments to Lender.Lender may apply rent�,issues end profits,less costs and expens• �-
<br /> . es oi operation and collecdon Including attomey's tees,to any indebtedrtess secured hereby,oll(n such order as Lender may deter- �
<br /> mine. The ontednp upon and ffikina possesslon of the ProQerty. the collecGon of such rents, issues and omflla;anA thw annlUati�n � _
<br /> thereoi as aforesaid shali not cure or waive eny detault or notice of defeult hereunder or Invalidate any ect done in response to such �
<br /> default or pursuant to such nodce of defeult and,notwithstanding the conUnuance In possesslon of the property or the coltection,
<br /> , • recelpt and eppllcaUon oi rents,issues or profits,Trustee end Lender shall be entitled to exercise every dght provided tor(n eny of the
<br /> . Loan Inst�uments or by lew upon oceurrence of any[vent of Detault,Including without Iimftatlon the rlght to exercise lhe power otsale.
<br /> �� Furthor,Lenders�ighis and remedies under this paregreph shati be cumulative with,an�In no way e NmlteUon on,Lenders rights and
<br />� , remedtes under any assignment of leases and rents recorded ageinat tho Property.Lender,Trustee aRd the receiver shall be(lable to
<br />% `� '� account onty forthose rents actualiy received.
<br />�'"'`'''` ' 11.EV611tt Of DlftUlt.Tho following shall cons4itule an Event of Default under this Deed of Trust:
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<br /> � (a)Fallure to pay any installment of princip�9 a interest or any other sum secured hereby when due; _
<br /> �� '". � (b)A breach of or detault under any provision contained in the Note,t�is Deed of Trust,eny of the Loan Instrumonts,or eny
<br /> other Ilen or encumbrence upon the Property;
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<br />_ ''._;,;� :" (c) A writ of execuUon or attachment or eny slmilar process shall be entered agefnst Trustor whicF►shall become a lien on =_.
<br />�:��� the Pmperty or eny portion thereof or Interest therein; -
<br /> a;,,, (d)There shail be filed by ur against Trustor a Borrower an action under pny present or future federel,stete or other statute, �
<br /> i�'-����- law ot roputatlon relaUng to bankrtiptcy,insolvency or other rellef tor debtors;or there shall be appolnted any Watee,receiver or
<br /> rP�� 11 uidator of Trustor or Borrower or of ell or an ' '
<br /> =�,..,..,w4 y q y paft oi U►e Property,or the rents,issues or profits thereof,or Trustor a BoROwer R=
<br />_`";�';�.T{� shall make any general esslgnment for the benefit of cred(tors; =
<br />��:c,,:�- (e� The selg, transfer, lease, essignment, conveyanco or fudher encumDrance of aIl or any pad of or any interesd in the �'"
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<br /> �:°i,� P.�perty,eiUier voiuntatlly or invofunteriiy,wiinout ine express wriiien consent oi Lender,provideci that?rustor shetf b�permtt• °`��
<br /> -�;,��`��-`� ted ta execute a lease of the Property that does not contain an apUon to purchase and the tertn of which does not exceed ono =.
<br /> �'�':�`��:� Year, �_
<br /> (�Nrandonment of the Property;or .,-
<br />�3""""`°`"T� (g) If Trustor is not an indivldual,the issuance, sale,transfer,asslgnment,oonveyance or encumbrance of more t�an(if a
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<br />- = �!�::.-�. corporatlon)a total of percent of its Issued and outstanding stcek,or(if a partnership)9 totet of per• °
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<br /> - �;•�.�..:�. cent of partnership interests,or(if e Um(ted Ilability company)a totel of percant ot the limtted liability compa-
<br />�°:°.:='�'�.�° ° . ny inteoests or voUng rights dudng the period this Deed of TrUSt remalns a Ilen on the property. -
<br /> 12.Rem�dies;Accdedtion Upon fMhutt In the evant oi any Event of Defauit Lender may,without noUce except as requlred -
<br /> �, by law,dectare eil Indebtedrwss seoured hereby to be due and payable and the same shali thoreupon become due and payabte with• —_—
<br /> „ out eny presentment,demand,protest or notioe of any kind.Thereafter Lender may:
<br /> � (a) Demand that Trustee exerGse the PQWER OF SALE granted herefn,and Trusteo shati lhereafter cause Trustor's Inter• : •s.�-=-��
<br /> . est In the Property to be sold end th�proceeds to be dlstributed,ell In the manner provided In the Nebraske 7rust Deeds Ach, {`�""'
<br />-� ., (b) Exercise any and all rights provided for In any of the Loan Instruments or by law upon occurronce of any Event of 'T=-~""
<br />_, Detauit enA ��'��'.
<br /> c Commence an acifon ro foreGoso thls Dead oi Trust as e mort a e e '��=''�'°
<br /> z O g g , ppoint�receiver, or spedficaliy entoroe aray of the � = „._�
<br /> covonants hereof. , - ,
<br /> No nsmedy hereln conferred upon or resorved to Trustee or Lender Is intended to be exdus(vA oi ony other remedy herein,in the Loan �"�.�"�-'
<br /> J:.• InsWments or by law provfded or permitted,but esch shall be cumutative,shal!be tn additbn to every other remedy given her�eunder, ;
<br /> • in the Loan InsWments or now or hereafter exisUng st law or In equity or by statute,and may ba exorcisod concurrently,independently "
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<br /> 13�Tn��stN.The Trusteo may resign et any time wEthout ceuse,and Lender may et any timo and without cause eppoint a suo-
<br /> cessor or subsUtufe Trustee.Trusteo shal{not be Ilable to any party,tnGuding wiihout IlmlteUon Lender,Barrower,Trustor or any pur
<br /> ��. chaser of the Property,for eny loss or damago unless duo to reckless or wlliful misoonduct,and shall not be mquirod to teke any action
<br /> In connoctlon wilh the enfarcement of this Deed of Trust unless indamnified,In wriUng,for ali costs,compensation or expenses which
<br /> may be essociatod therewith. In addiUon.Trustee mey become e purchasor ut any sale of the Property QudlGal or under the power o(
<br /> _ • sala granted herefn);postpone the seie oi all or any po�lon ot the Property,as provided by law;or selt the Proporty as a whole,or In
<br /> • soparate parcels or iotc at Trusteo's discrotlon. .
<br /> 14.Fea��nd Exp�ns�s.In the eveni Trustet+solls the Property by exenclse ot power of sale, 7rustee shall be entltled to apply
<br /> eny aeto proceods firat to paymont oi ali cos¢.g and expenses ot exerc:Isinp power of sele.Including ell Trustee's fees,end Lender's a�d �
<br /> Tnistee's ettomoy's faes, octually Incurrctd to oxtent permittod by applicebie law.In the event Borrower or Trustor exerGses any r1Aht "
<br /> provided by law to curo an Evont oi Dofauit,Londer shall be ontitled to recover from Trustor all costs end expensos actuaily Incurred as
<br /> a result of Trustor's default,Including without IlmlteUon all Trusteo'a and ettomey's fees,to the extont permitted by applicable law.
<br /> = 15.Futur� Adwnces.Upon request oi Borrower, Lender may,at its option,make additlonal and future advancos and read-
<br /> vances to Borrowcrr.Such advances end roadvances,wllh{nterest thereon,shall be secured by this Deed o'Trust.At rto tlme aha�the 1
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