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<br /> . 'Proceeds�in oonnecdon with oondemr►atlon or other ffiking of the Property or part thereof,ar for conveyance in Iieu of condemnation. `` � G.��"�
<br /> � ,, Lender shall be entitied at(ts op�on to cammenoe,appear in and prosecute ip its own r�ame any action or pmceedirngs,and shslt aiso '
<br /> � • � be entiUad to make any compromise or settlement in connection with such tatcing or damage.in the event any portion oi the Property is �, �
<br /> � " � so taken or dam3ged.Lender shail have the option in its sote and a6sotute discxeUon,to appiy al!such prooeeds, aRer deducdng •
<br /> - therefram all wsts and expenses lnc�smed by it im m�nection with sucA ProcesEs.upon any indebt�dness secured hereby and in such °��='�
<br /> ' �-. ,, 7T �.�;<
<br /> � • � o,�der as Lendar may detertnlne..or to apply all suctt Proceeds.after such deducdons.W Me cestoration of the ProyeAy upon such mn- . «.�.�.. :
<br /> . ditions as Lender►n�y detemtine.My applIcation of Praceeds tn indebtedness shall not excend ar pastpone the due date at any pay- <
<br /> • � .� meirts under the Nota,or cure any default fhereunder or hereunder.My unappiied funds sha0 bs paid to Trustor. - : �
<br /> � � 8.Pertormanee by Lender.Upon the occurtence of an Event of Defauit hereunder,or if any act is taken or legat proceeding . �••� ,'<.°
<br /> � � i commenced which materiafty affects Lander's+nterest in the Property.Len der may in i t s own d i scre tlon.C u t wi t h o u t o b li g a ti o n t q d o s o.
<br /> • � " and w�lhout noUce to or demand upon 7n�stor and without reteasfng Tnistor from any obligation,do any aCt which Trustor has ag�eed :. , ;, ti ����:��� �.
<br /> � . _.:._.--3 but failed tu do and may atso do any other act it deams necessary to protect the security hereof.Tcustor shall,immediately upon ••Y� . .
<br /> . - demand therefor by Lender,pay to Lender att casts arid expensas incurred and sums expended by Lender irt oonnection with the exer- - � ,4
<br />- - ,- ----- cise by l.ender of the foregoing sights,togsther with+Merest thereon at ihe defauit rata prcvided�n ths Note.which shali be added to _
<br /> ` ,. • the indebfedness secured hereby.Lender shali not incur any Iiability bequse of enything it may do or omit to do hereunder. ° ,
<br /> � ` . 9.Hazardous Materials.Trustor sfiall keep Me Property in compliance with atl appiicable laws,ord'mances and regulations �
<br /> : � " ' ` refating t�industriat hygis�e or environmental proter.�on(collectivety referted to hecein as'Environmentai Laws�.Trustor sha0 keep ' �. � •
<br /> • - ,,;; 4he properly fcee fmm ail substastices deemed to!�e hazandous or tnxtc under any Envimnmental Laws(ooUectivety referred to herein
<br /> � - . as'Hazardous Materials�.Trusdar herehy warrants and represents to Lender that there are no Hazardous Materiafs on or under fhe `� ��' ' '
<br /> .. . :. _; ., ..
<br /> . _. �
<br /> � �' P►operty.Tnistcr hereby agraes tn indemnify and hofd hamitess Lender,its directors,officers,emplayees and agenis,and any sua�s- "
<br /> . . �;.,
<br />_ . ' ; sors!n Lenders interegt,irom and against arry and ali ctaims,damages,losses and I'�abilities arising in connecrion with the presence, ; � ` : -_
<br /> re. . •
<br /> use,disposat or transport of any Hazardaus Materiats on,under,from or about the Properiy.THE FOREGOING WARRANTiES AI�iD . T'- ��
<br /> • , REPRESENTATIQNS,AND TRUSTOR'S OBLtGATtONS PURSUANT TO THE FOREGOING INDEMNI7Y,SHALL SURVNE - � _
<br /> . ' ; RECONVEYANCE OF TH1S DEED OF TRUST.
<br /> � : "'� 10.Assigament of Rents.Tnistor heraby assigns to Lender.and grants Lender a security interest in,atl prese��future and ` , �
<br /> � • ` f after arising rents,issues and profits oi the Properry:provfded that Tnjstor shall,until the occuRence of an Event of Oefauit,he�undar, ; •- , • 'o`
<br /> � - havs the dghi to caltect and retain such rents,issues and prafits as they become dae and payable.Upon the occurrer�ce ot an Eve�t of •;`•_.�.I
<br /> . . ` _'`� qefaulL Lender may,eiU�er In persan or by agenL with or without bringing amr act+on or proceeding,or by a ceceiver appointed by a : ;��
<br /> � . ;� couR and without regard to fhe adequacy of its security,enter upon and taice possession of the Properly,or arry paR thereof,in its own • f`�`
<br /> � - •- - °r name or in the name of the Ttistee,and do any acts which it deems neces�ryr or desirab�e to preserve the value,markebbility or _ �`'�.
<br /> : -- rentabUiry of the Property,or any part thereof or interest t�eretn,or to increase the income therefrom or protect the security hereof and, � �—
<br /> ". �. with or without taking possession of the Propetty,sue for ar othe�wise coitect the rents,issues and profiis thereof Induding those past � "___
<br /> • due artd un aid,b noti n tenants to make a ents to Lender.Lender m a 1 rents,issues and rofits,less costs and expens- ; ; r * � �
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<br /> � es of operaUon and coilec6on induding attome�s fees,W any indebiedness secured hereby,alt in such order as Lendsr may deta� ; �*a:__--.
<br /> - , mine.The entering upon and taking possession of the Propecty.the witection of such rents,issues and profiffi.and the appGca6on 'i�;c_
<br /> - �� . • ^'� thereof as aforesaid shail not cure ar waive any defauit or notice of defauit hereunder or invaRdate any act done in respanse to such { � � ���'-�=
<br /> default or pursuant to such notice of defauit and,notwithstanding the con�nuance in possession of the property or the coflecdon, —
<br /> • recelpt and appiicaGon of rents,issues or profiGS.7rustee and Lender shall be enUtted W exercise every right prav(ded for in any of t�e I . `:�'�'y
<br />- l.oan Instruments or by Iaw upon occurcence of any Event of Oefaui�including without limttation the�ight to exe�tse ttre pawer oi sate. I_ � ���-s�r�_-
<br /> � Further,Lenders rights and remedias undsr thfs paragraph shali be cumulative w3th,and in no way a limita�on on,Lenders rights and � .�r_�=
<br /> � � remedles under any assignment of leases and rents recorded against the Properly.Lender.Trustee and the recehrer shatl be liable W ; ' �� �� �� —
<br /> • ' account onty for those rents�ua0t-�r�acaived. I • .:�:'.:�,� .;'�'
<br /> .. �.
<br /> � ' r ' 11.Events of Defaut�The foUOwing shall wnstiNte an Event of Default under this Deed of Trus� �-'
<br /> s
<br /> - . � (a)Faiture to pay any tnsteitmen!of principai or interest or any other sum secured hereby when due:
<br /> _ _ � (b)A breach of or defauft under any prov(sion contained in the Note,this Oeed of Trust,arry of the Loan(nstruments,or any , . , � ', •.;Y•�".`
<br /> , ' ` other lien or encumbrance upon the Property; ; ,�� �'��'"
<br /> � (c)A writ of exec�rtlan or attachment or any similar process shaii be entered against Trustor which sha►1 become a Iien on I �'��
<br /> � � the Property or any portfcn thereof or interest thetein; � �� � . .����
<br />-�`� (d)There sfiatl be filed by or against TrusWr or Bortower an adion under arry present or future federal,state or other statute, 4 �� ` � _.._
<br /> - � taw or regulaUon retating to bankruptcy,insolvency or other reUe9 for debtors;or there shall be appointed any trustee,receiver or ��
<br /> � iiquidator ot Trustor or Bonower or oi ail or any part oi the Propertyr,or the rents,lssues or profits thereot,or T�ustor or Borrower .. _'-�
<br /> , � ' shall make any general assignment for Me benefd of creditors; . �• �.��
<br /> _ � . :� (e)The sate.transfer.tease,assigrtment,conveyance or fuAher encumbrance oi alt or any paR of or any interest in the • °- `
<br /> . Property,either votuntarity or invotuntariiy,withaut the express written cansent ot Lender,provided that Trustor shatl be permit - _
<br /> ' : � ted to execute a tease o1 ihe Propariy that daes not contain an optien to purchase and the tertn of wtiich does not exoee0 orre �. ,_., ,
<br /> . � year, ',
<br /> . �� i (�A6andonment oithe PropeRy;or ':�;.•
<br /> , . 1 (g)If Trustor is not an indlvidual,the issuance,sale,transfer,assignment,conveyance or encumbrance ot more than(if a , .
<br /> . ' - i co�poraUon)a total of percent ot its issued and autstanding stock,or(if a par�ership�a Wtal ot per- ': . �
<br /> � cent ot partnership interests,or(if a limited liability company)a total o! perceni of the Bmited liabiliry compa-
<br /> ' � ' ny interests or voting dghts dudng the perlod this Deed oi Tmst remains a Iten on the property. , � ' -,
<br /> ' � • 12.Remedtes:Acwteratton Upon Detauit tn the event oi any Event of Detault Lender may,without noUce except as required , .
<br /> � � by(aw,deGare atl indebtedrtess secured hereby to be due and payabte and the same shall thereupon become due and payable with- �
<br /> � out any presentment,demand,protest or noUce ot any ktnd.Thereafter Lender may: �- ;. ,
<br /> (a)Demand that Trustee exercise the POWER OF SALE granted hereln,and Trustee shall thereafter puse Trustor's inter- . . ,. •
<br /> est in the Property to be sotd and the proceeds to be disVibuted.ail in the manner provlded In the Nebraska Trust Deeds Ac� .
<br /> � � � . (b)Exercise any and ell rlghts provided tor in any of the Laan tnstruments or by law upon occurrence of any Event ot . , ,
<br /> . • Defaui�and � •
<br /> (c)Commence an actlon to foredose this Deed of Trust as a moRgage,appoint a recelver,or speciflcaily entorce any of the . " �
<br /> ' covanants hereot. � � .
<br /> No remedy hereln conferred upon or reserved to Trustee or Lender is intended to be exclusive of any other remedy herein,in the Loan , � .
<br /> . insUuments or by law provided or permitted,but each shaii be cumulaUve,sha�l be in addition to every other remedy given hereunder,
<br /> � • in the Loan Instruments or now or hereafter exisUng at�aw or in equity or by statute,and may be exercised concurrently,independenUy �.
<br /> ' or succesively. • .. '
<br /> � , � 13.Trustee.The Trustee may resign at any time wlthout cause,and Lender may at any time and uvithout cause appoint a suc- . • •
<br /> � � cessor or subsdtute Trustee.Trustee shall not be Ilabte to any party,1nGuding without IimitaUon Lender,Borrower.Trustor or any pur- ', •
<br /> chaser ot the Property,for any ioss or damage untess due to recktess or wlilful misconduct,and shai!not be requlred to take any achon
<br /> • in connection with the entorcement ot this Oeed of Tnut untess indemnifled,in writing,tor all costs,compensation or expenses whlch
<br />.� , may be associatad therewith.In addition,Trustee may bewme a purchaser at any sate oi the Property(judiciat or under the power of � • � -
<br /> � sate granted herein);postpone the sale of all or any portion of the Property,as provided by law;or sefl the PropeRy as a whole,or in
<br /> _ separate parcels or lots at Trustee's discreUon. � _"
<br /> 14.Fees and Expenses.In the event Trustee selts the Property by exercise oi pawer oi sate,Trustee shall be entiUed to apply �
<br /> . any sate proceeds flrst to payment ot atl wsts and expenses of exercising power of sale,inctuding a!!Trustee's fees,and Lender's and . ' �
<br /> , Trustee's attomey's tees, actua�ty Incurted to extent permittad by appficable law.In ihe evant Borrowar ot trustor exercises any right ��
<br /> � provided by law to cure an Evant of Detauft.Lender shall be entitled to recover from Trustor all costs and expenses actualty incurred as � •
<br /> . a result oi Trustor's defaul�inGuding without limitadan all Trustee's and attomey's tees,to the extent permitted by applicabte taw. . '
<br /> � ' 15.Future Advaneea.Upon request of Borrower, Lender may,at its option,make additional and future advances and read- ..
<br /> � vances to Bortower.Such advances and readvances,with interest thereon,shall be secured by this Deed oi Trust.At no time shall the . �_
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