|
'f;a'� ' ` . '�r�" ���n ..��..,��� .�`d�'�..-
<br /> 'T.�c'�`+n7-n i " , — ... _ __" 'a"��*x`-�' :�. .`kfl �Y'� r ��r��`. -'-
<br /> 1.. r t4�r�,y�� ._ . , • ' � . � S����S�a�.X"��`i',,�.L .a;"`, s�i ��1�,"4+�f X�
<br /> rt i f{F� Ya C< A� � }� ,
<br /> . . . . . , . c. ;r • .. � I O r n �^,,
<br /> , � ' ' Y Yt - ..` ( .. ` . �t . ..` _ -f R ��'Ct�C�r? 1 !��,y' -c, '
<br /> V 5� "l V�-S,K�'�'��'.�k S:i �. .
<br />` � - . � (' ' v�-. .��.�...-i�.�.,L_�F`6L.�uJ...�_= �?aa• v.�.`CtA�. �:Y��i`1`7-Z y .`}
<br /> .. . '� �Crh'",-�'��j,:�'"• a
<br /> t-.— f :��,''�
<br /> , t �������� c .. - r -
<br /> • � 'Praceeds7 in connecdon with condem�tion or othar talcing oi the Property or paR thereai,or for conveyanoe tn lieu of oondemnation. �
<br /> Lender shail be entiried at its option to wmmenae,appear in and prosecute in its own name any action or prooeedings,and shat!atso • •` �t. .=•�:t�:''� '
<br /> � . be entitled M make any compromise or settlement in connecdon�nciih such taking or damage.Fn the event any poRion of the Property is ',��.:::-;�;.,;�_:•.���_�
<br />• � so taken or damaged. Lender shat!have the op�on in Its sofe end absolute discretion. to apply atl such proceeds, after deducUng �` ""�'
<br /> `� , ..,;�Z`......�. ` :
<br /> ` � therefrom all oosts and expenses incurred b d in connecdon with such Pmceeds,upon an indebtedness secured hereb and in sucfi � � F�`•:�-;��{: _-
<br /> y' Y y �.�'. : ,;y
<br /> _ , � - order as Lender may determine,or tn appty ali such Proceeds,after such deduc@ons,to lhe restoration oi the Pmperty npon such cmn- c ,.>, ,
<br /> - � ditior�s as Lender may detarmine.Any applicaUer of Proceeds tn indebtedness sfiall not extend or postpone the due date of any pay- `
<br /> � �. . merrts under the Note,or cure any defauR thereunder or hereunder.Any nnapplied funds shail be paid to 7rustor. �•`�. � .
<br /> � S.Pedomeanae by Lender.Upon the accurtence of an Everrt of Qefault hereunder,or it any act is taken or tegal proceecLng • --'�<��- -
<br /> commenced which materialfy afteds l.endets interest in the PropeRy.Lender may in iLs own discretion,but without obligation to do so, • ��_::;'�.�;�'��;:��
<br /> . � � -=•� and without notice W ar demand upon Trustor and without releasing Trustor fram any obligation,do any act�vhich Trustor has agreed - • °� •-
<br /> _.°--r-���;. bui failed to do and may atso do any other act iL deems necessary to protect ths security hereof. Tnistor shall.immediately►apon _ =�4f -�_:. ��.� _-:.,__
<br /> . demand therefor by Lender,pay to Lender a11 costs and expenses incurred and sums expended by Lender in connec6on with the exer- - `�
<br /> cise by Lender of the foregoing dghts,together with interest thereon at Me Cefault rate provided in the Note,which shall be added to ��rF�»,.;. � ��
<br /> � ` the indebtedness secu�d hereby.Lender shatl not incur eny tiabitity 6equse ot anything it may do or omit tn do hereunder. '`�"�'�?`��� �s �
<br /> � � 9. Haxardous Rdaterials.TrusDor shali keep the Property in oompliance with all applic�6le laws.o[dinances and regulations _�"n;���'i:::�:_<
<br /> .�..;
<br /> '' relating to indushiat hygiene or environmentat protection(mllecthrely referred tn herein as'Envhonmental laws7.T�usWr shall keep °'='�`'
<br /> � � the Property free from ali substances deemed to Ue hazardous or toxic under any Environmental Laws(coilectivety reterted to herein -
<br /> ` , _ as'Harardous Materiats�.TrusOOr hereby vrarranis and represents to Lender that ihere are no Hazacdous Materiats on or under the `�•,.;:;��;�;,.:!��f;�'�;-,
<br /> ` � , Propertyr.Trustor hereby agrees to indemnify and hold harmtess Lender,its dlrectors,offccers,empioyees and agerds,and airy sucoesr `�,� .5`,1;�;�,<��'..`�
<br /> - .- ,�i�.,<;�t,;,,,a......
<br /> � sors tn Lenders interesi,frum and against any and atl daims,damages,losses and IiabiliGes arising in connectlon wfth the p�esence. .; , , _.
<br /> • use,dispasal or transport of any Hazardous Materials on,un�er,trom or about ths PropeRy.TIiE FOREGOlNG WARRANTIES AND < x� -=r
<br /> � REPRESENTATIONS.AND TRUSTOR'3 OSLlGATIONS PURSUANT TO THE FOREGOING INDEMNITY,SNALL SURVIVE ����'��'
<br /> RECONVEYJWCE OF TH1S DEED OF TRUST. �.. '"�t''
<br /> � 10_Asst nme�rt of Renfs.Tnistor hereb assi to Lendar,and nts Lender a securi interest in,all reserrt,future and ..� T��`"``--
<br /> after arising rents.issues and profRs of the Property;pro�ded that Trustor sha 1,unt31 the occurrence of an Event ot Default.hereunder, ` =�`f �'
<br /> � � have the right tn coltect and reiain suc�rents.issues and profits as they become due and payabte.Upon the occurrence of an Event of . �..'>,..Lr:'�i;-.�:_��
<br />= - .•• Defauit,Lender may,eit6er in person or by ageirt,wdb or without bringing any actian or proceeding.or Dy a receiver appointed by a . -��`_'— -
<br /> • c:ourt and w�haut regard to fhe adequacy of iis security,enter upon and take possession of the Properly,or aRy paR fhereof,in its awn -- . =•_��6 ;'�.
<br /> name or in the name ot the Trustee,and do any acts which(t deems necessary or desirabte to preserve tha vatue,marketa6iliry or t ' ���
<br /> rentab0ity of ffis Properry,or any part thereof or interest therefn,or to increase tl�e income therefrom or protect the security hereot and, ;. �,�F� �ry. '"
<br /> � .� wfth or withaut taidn ossession of the Properly,sue for or otherwise collect the renm,issues and rofits thereof,tndudin those past "- '.r�'',�t�'-='
<br /> 9 P P 9 fi,.. ..,,,..
<br /> . . �,.:: due and unpaid,6y notifying tenants to maks payments tn Lender.Lender may apply rents,tssues and profits,tess oosts and expens- '�•�'`������,�"`�:
<br /> �� •; es oi operat3on and coftectlon inciuding attomeys fees,to any indebtedness secured hereby,atl fn such order as Lender may deier- � • �F„��p`
<br /> ..?... mine.The eatering upon and taking possession of the PropeRy,the oo!lecUon ai such rents,issues and profits,and the applicaUon ,:..�;±��°:
<br />- -�;;.; �
<br /> '. ` theraof as aforesaid shall not cure or waive any detault or nolice oi default hereunder or invalidate any act done in response to such � .:•.��`�._�:�'=
<br /> , default or pu�suant tn such notice of default and, notwithstanding the oonUnuance fn possession oi the property or the coitectlon, � :�
<br /> .• . • receipi and applicatton oiBnts,issues or profits,Trustee and Lender shaii be ent(tled to exercise every dght provide0 for In any of the =,��t;;��•A-.•.
<br /> � ' ' ..� Loan Insbuments or by law upon occurrence of any Event of Defautt,induding without limitatlan the�ight to exercise the power oi sale. •.'`'''i�%?;`.�.�.
<br /> , FuMer,Lender s rtghts and remedies under this paragraph shafl be cumulative w(th,and in no way a limttaUon on,Lender's dghfs and ' �,>:;�•=�;::
<br /> • � remedies under any assignment of teases and rents ret:orded against the PropeRy.Lender,Trustee and tt�e receiver shall be liable to �.�:� ;: .,,-,:;;,n,�
<br /> � accouMontyfarthoserentsactuallyreceived. •.. , ', `�`.
<br /> ' 11.Evar�of Delautt The fofiowtng shall constitute an Event af Default under this Qeed of Trus� .; ,,Y, 7,„:i,�`.
<br /> . � .. � , - ' (a)Failure to pay any instailment of pdrtcipal or interest or any other sum secured hereby when due: „� � � , ;�� �
<br /> , �.� (b)A Creach of or defautt under any provlsion contained in the Note,this Deed o!Trust,any of the Loan Instruments,or any " � ,��:.,'
<br /> • • other lien or encumbrance upon the Property; '"'``
<br /> ���. (c�A wr(t of executian or attachment or any similar process shali be entered against Trustor which shall become a Uen on �. °�,.�'�;
<br /> � ' the PropeRy ot any por4on thereoi or interest therein; '� ';�.;��:;���.
<br /> (�There shall be fited by or aga(nst Trustor or BoROwer an actIon under any present or future federal,state or atfier statute, _ �.��;�;;;��•_
<br /> � taw or reguta8on re(aUng to bank►uptcy.insoJvency or other retiai for debtors;or there shall be appointed any trustee,receiver or � •';:;;�ti.�i?�'
<br /> IiquIdator of Trustor or Borrower or of a11 or any paR ot the Property.or the rents,issues or proftts thereoi,or Trustor or Bortower ��.
<br /> � . shali malce any general assignment for fhe benefit oi creditors; � `�<_�
<br /> ' (ej The safe,transfer,lease,assignment,conveyance or further encumbrance ot ail or any paR ot or any interest In tfie ' �?�
<br /> . . . '� . .,� •.�'..5:•- .
<br /> .; � PropeRy,either voluntarily or tnvoluntarily,without fhe express written consent of Lender,pravided that TrusWr shail 6e permit : _ .
<br /> ted to execute a lease of the Property that does no1 contain an option to purchase and the term ot whtch daes not exceed one ''`
<br /> , . year. . -. _ '
<br /> ` (f)Abandonment of the Property;or ,.
<br /> � (g)If Trustor is no!an individual,the issuance,sale,transfer,assignment,convayance or encumbtence oi mare than(it e . . � � , .
<br /> � � ; ,. corporatlon)a totsl oi percent oi its issued and outstanding stock,or(it a partnership)e total 01 per- �
<br /> ' cent o1 partnership Interests,or pf a limited qabiliry campany)a tota!ot percent of the limited Uability comp� � �
<br /> � rry lnterests or voUng�tghis duflng the peda0 thls Deed of Trust remalns a ilen on the property. ,
<br /> 12.Remedles;Aceeteration Upon Defautt In the event o!any Event oi Oetauit lender may.withaut noUce excapt as required
<br /> � ' by taw,declare all lndebtedness secured hereby to be due and payable and the same shall thereupon become due and payable wlth- 4 � � . �
<br /> r out any presentment,demand,protest or notice oi any kind.Thereafter Lender may: '
<br /> . (a)Demand that Trustee exercise the POWER OF SALH granted hereln,end Trustee shall thereafter cause Trustor's Inter- , .
<br /> est in the Property to be sold and the proceeds to be dis�ibuted,all in the manner provlded In the Nebraska Trust Deeds Acl; � � • .
<br /> (b)Exercise any and all righb proviQed tor in any of tha Loan Instruments or by law upon occuRence o1 eny Event oi
<br /> •. Detauit;and •� ..
<br /> � (c)Commence an action to foreciose this Oeed of Trust as a moRgage,appolnt a receivet,or speGflcaity enforce any oi the . • •
<br /> • oavenanb hereof. � . �
<br /> ' No remedy herein conferred upon or reserved to Trustee or Lender is intertded to be exGusive of any other remedy hereln,in the 4oan � -
<br /> InsUuments or by law provlded or pertnitted,but each shall be cumulative,shatl be in addition to every other remedy given hereunder. . �,
<br /> . . . in the Loan InsUuments or now or hereafter existing at law or in equity or by statute,and may�e exercised concurrentty,lndependonUy •
<br /> , or succesively. •.
<br /> , 13.Trustee.The Trustee may resign at any Ume without quse,and Lender may at any time and without puse appoinl e suc- .
<br /> . • cessor or substftute Trustee.Trustee shall not be liabte to any party,including wlthout Umitation lender,Borrower,Trusto►or any pua . •
<br /> ct�aser ot the Property,tor any toss or damage untess due to recktess or witifu�misconduct,and shatl not be required to take eny ncdon •
<br /> � in connection with the enforcement oi this Oe�d of Trust uniess indemnifled,in wtlting,tor all costs,compensatlon or pxpensos which �
<br /> � may be associated therewith.In addition,Trustee may become a purchaser at any sa�e of the Property Qudicial ar under the powor of .
<br /> � sate granted herein);postpone the sate af all or any portion of the Property,as provided by law;or sell the PropoRy as a whoto.or in
<br /> • i separate parceis or tots at Trustee's dtscretlon. • • :
<br /> :I 14.Fees and Expenses.ln the event Trustee setis tha Property by exercise of power of sate,Trustee shall be entitled to appiy • _ .
<br /> � any sale proceeds first to payment ot all costs and expenses of exerGsing power oi saie,inGuding all Trustee's fees,and LenJor's and ! _ , -
<br /> ' � ; Trustee's attnmey's fees, actually Incurred to extent permitted by appiicable IaH.In the event Borrower or Trustor exercisos any ripht I � •
<br /> �! provided by law to cure an Event of Detault.Lender shall be entiUed to reCOVer from Trustor all costs and oxponsos actuatfy mcurrod ns ' .
<br /> ,. e result of Trustor's default,inaluding without limitation ail Trustee's and attomey�s tees,to the extent permitted by applicabte law �. '
<br /> ' ' 15. Future Auvances.Upon request of Borrowar,Lender may,at its optior.,make additionai and future atfvancas and road- �-" -'�""
<br /> ' vances to Borrower.Such advances and readvances,with interest thereon,shall be secured by this Deed o1 Trust.Af no hmo shall the �
<br /> �.` �•r
<br /> • , , t
<br /> ..
<br /> .
<br />. } _ . . ...:. r_....�i:.• -''�_...�.•.,.-...� ..... ., . _. '. .. ' ._ .r _ . . . _. ... _. _' .....�.F._.._ _._ ...�_.
<br /> a
<br /> .�.' .� .•\'- •...'- `. . ••"-a.`o'.:'.?a!�.. .�.-::-. �•"ic;a'..-.�'• _ - a3:-�.''` . . :�_'',:'^- � -z"�'±-
<br />
|