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<br /> 'Rroceeds�in conneGion with candemnaUon or other taking ot the Properly or part thereof,or fcr ooAveyance�n lieu oi eondemne6on. '� . �, <<.. ,;
<br /> • Lender sha�l be entiUed at its option ta cammence,eppear In and prosecute fn ib awn name any adion or prooeedings,and shatl atso • � �
<br /> . � be eMiUed ta make any compromise or settlement in oonneetion with such taking or damage.In the event any poNon o1 the Property is `� '
<br /> �. so taken or damaged. Lender shall have the oplJon In ib sole and sbso�ute QisCreUon,to appiy att such proceeds, aftar dedvcting , ,,.
<br /> � ' t: therefrorn a1!oosts and expenses Incurted by it in connec�ion with sucfi Proceeds,upon arsy tndebtedness securt�d hereby and in such - , .
<br /> � • order as Lendsr may determine,or to apply al such Proceeds,aft�r such dedudlons,to the restnratiQn of the PropeRy upon such mn- .. .
<br /> ' d�ions as lender may determine.My appGcatlon of Prooeeds w indebteQness shait not extead or postpone the due date af any pay- � � -
<br /> • `,� ments under the Note,or cure any default thereunder or he�eunder.My unapplied funds shall be paid to Trustor. � � ' �.��
<br /> ,. 8.Performance by Lender.Upon tlte oocurrenoe ot an Event af Oefault hereunder,or if any act is taken ar le�l praceeding _ .. •,
<br /> � • oommenced wh[cf�materially affecEs Lender's irtterast in the PropeRy.Lender may in its own discretioa,but witliont obligation to do so. � ,ti � �
<br /> � _.- and without notice to or demand upon Trustor and wfthout releasing T�r from any obtigation,do any act whi�Trustor has agreed .. � ;
<br />- --. but faiied to do and may a:so do any other act it deems necessary to protect the security hereof. Trustor shall,immediately upon .- - ',_
<br /> _-.�___--- demand therabr by lender.paY to Lendsr al!ousts and expenses incu�red and sums expended tty Lender in connedion wiU�the exer- - - -- ,-_•<-
<br /> , �, dse by tender of the for�going rights,together with interest thereon at the detault rate provided in the Nafe,which sha11 be added to � •
<br /> . - the indebtedness secured hereby.Lender shall not incur any 1'�ability because of anything it may do or omR to do hereunder. _ •
<br /> 9.Harardous 817atertata Trustor shell keep the Properiy in compliance with all applicable taws. ordinances and regtdations ..• . .
<br /> . ` telating to tndushial hygiene or environmental pr+otectlon(collecrivety referred to herein as"Environmental Laws7.Tnis6or shall keep "
<br />' � the Properry free trom al}subshances deemed to be hazardous or toxi�under any Environmental Laws(coqecOvety referred to herein , ,�
<br /> �!• , ; ��,; as'Hazardous Materiats'.Trustor hereby wartanEs and►epresents to Lender that there are no Hazardous Materials on or under the `� • '
<br /> ' �� . Properiy.Tnis6or hereby agrees to indemnifjr and hotd harmtess Lender,its dlrec0ors,officsrs,emp►oyees and agents,and any succes- ,
<br /> . � � � sors ro LertCers interest,from and against any and atl claims,Qamages,losses and liabilities arising in connection wiU�the presence, _ ' •r-�.,r�:�?
<br /> • � � + use,dispasa{or transport oi any Hazardous Materiats on,under,from or about the Pnoperiy.THE FORE�301NG WARRANTIES AND �• ' - �-
<br /> � � � REPRESENTATIONS,ANO TRUSTOR'S OBLIGATIONS PURSUANT TO THE FOREGOING INDEMNITY,SHAl.L SURVIVE ';- �,,';�•�.;�.,
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<br /> ` RECONVEYANCE OF TH{S DEED OF TRUST. ��� �?••, - : �
<br /> , . � 10.Asslgament ot Rents.TrusDor hereby assigns to Lender,and grants Lender a securily interest in,aIt present,fuh�re and . ':`': ` -_-
<br /> afterarising rents,issues and profits oi the Properiy:provideA that Trustor shall,until the accurrence of an Event of OefautL hereunder, ; _ �_
<br /> ' b • , have the dght to co!lect and retain such rents,lssues and prafits as they became due and payable.Upon the ocatrrence of an Event of � �: ";`:;�;,;
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<br /> � Qefaatt,lender may,either in person or by agent,with or without bdnging any action or prooeedirtA,or by a recetvet appointed by e ;:•-X'; ; •'`�"•'"
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<br /> ..' court and without regard to the adequacy of its securiry.enter upon arid take possession at the Property,or any part thereof.in its own .,:.�;
<br /> �� name or in the name of tl�e Trustee,and do arty acts which it deems necessary or desirable to preserve tlre vaSue,marrcetabitity or --- 1��.
<br /> ';,; rentabflity of the Property,or any part thereof or interest therein,or to incxease the income therefrom or protect the security hereof and, � . `
<br /> r colted the renls issues and rofits fhereof indudm those ast . . '���":��-
<br /> ' -t wlth or wi�hout taking passession ot the Property,sue br o otherwise , p , 9 P =i_
<br /> due and unpaid,by not�ying tenants to make paymenis W Lender.Lender may apply rents,issues and profits,tess casts and expens- . � T -
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<br /> . '_ �� es of opeiation and wpecdon including attome�s fees,to any inde6tedness sewred hereby,a!I in such order as Lender may deter- �, ,,.�.,,;, �_��, .;
<br /> i f� mine.The entering upon arnf taking passession of the PropeRy,the cottectton oi such rents,issues and profits,and the applicaUon ' -
<br /> thereof as aforesaid shatl noi cure or waive any defautt or naUce of default hereunder or invaUdate any act done in response W such f �'� "�"�"-
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<br /> � � de f auf t or purs u an t t o such notice of default and,nniwithstandin g the conttnuance in possesston ot tl�e pro pe ri y or the coltecGon, ;� �;��.':
<br /> 'z �� receipt and apptfption af rents,issues or profits,Tnistee and Lender shall be enGUed to exerase every right provtdeQ for In any M the : � �"�
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<br /> Loan tnstfuments or by law upon occurrence of any Event of Default,lnduding without limttation the right to exereise the power of sale.
<br /> • " � Further,Lendet's rights and remedles under this paragraph shall be cumutathre with,and in no way a limitation on,Lenders rights and ;'�,_„
<br /> . remedies under any assignment of leases and rents recorded against the PropeRy.Lender,Trustee and the receiver shall be liable to � `� ��;�;,
<br /> . . accouni onty for those rents actually�eceived. ..,_.-�
<br /> 11.Events oi Oefau[L The foltowing shall constitute an Event oi Oefault under thls Deed of Trust .� '
<br /> � (a)Faiture to pay any installment oi principal or interest or any other sum secured hereby when due; • :�:.;��-:
<br /> :t . � (b)A breach of or default under any provlsion contained in the Note,thls Oeed of TrusL any of the Loan Instrumenis,or any - ''�_�
<br /> other lien or encumbrance upon the Properiy; . ,z� �-
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<br /> . �� (c)A wdt ot execution or attachment or any slmilar process shall be entered agalnst TrusWr whtch shall become a lien on • , � ��?��.;
<br /> � the Property or any portion thereai or interest therein; � , ' .:�=���.
<br /> • � . (d)There shall be filed by or agalnst Trustor or Borrower an action under any present or future federal.state or other statute, . . ,
<br /> � � Iaw or regulatlon relating to bankruptcy,Insotvency or other reliat for debtors;or there shall be appointed any trustee,recetver or . �
<br /> ' liquidator o!Trusior or Bortower or oi all or any part ot the Property,or the rents,Issues or proflts thereoi,or Trustor or BoROwer .., .._�°
<br /> . � . . shaU make any general assignment for the benefit ot creditoss; - • °'•�• _
<br /> " f (e)The sate,transter,lease,assignment,comeyance or further encumbrance ot sIl or any pan ot or any interest In the • � �
<br /> Proparty,either votuntarlly or invotuntadty,wlthaut the express written wnseni af Lender,provided that Tnutor shaU be permit- `�
<br /> � � ted to execwte a fease ot the Property that does not wntain an opdon to purchase and the term of whlch does not exceed one - • - ��-
<br /> ' ysar, .., � ..
<br /> � (�AbanQonmentottheProperty:or , � .`s�
<br /> � . (g)Ii Trustor is not an indlvldual,the issuance,sate,transfer.assignment,convayance or encumbrance of more than(if a , '.
<br /> oorporatton)a to2a10! percent oi its issued and outstanding stock,or(If a partnership)a total ot per- ..
<br /> � cen!oi partnershlp interests,or(ii a limited liabitity company)a total oi percent o!Ihe Ilmited Ilability compa- ` '. �
<br /> � ny interests or voUng dghts during the pedod this Deed ot Trust remains a Uen on the property. � � . . � ' '
<br /> . 12.Remedles;Aceeteratlon Upon Oefautt In the event oI any Event of Oefault Lender may.wlthout notice except as required
<br /> . � by law,declare a0(ndebtedness secured hereby to be due and payabte and the same shall thereupon becoma due and pay8bte witta ; • . �
<br /> ,,� out any presentment,demand,profest or noUce of any kind.Thereafter Lender may: . • ° .
<br /> ' � (a)Oemand that Trustee exercise the POWER OF SALE granted herein,and T�ustee shall thereafter cause Trustors inter- � � ,
<br /> est in the Property to be sold and the proceeds to be distributed.all in the manner provlded in the{Vebraska Tnist Deeds Act; ,
<br /> ;`• . (b)Exercise any and atl rlghts provlded tor in any of the Loan Instruments or by law upon occ�rrence af any Event oi ,
<br /> Defaul�and
<br /> • (c)Commence an acdon to torectose this Oeed of Trust as a moRgage,appolnt a recelver,or speGflcally entorce any oi the . . �
<br /> �;_, � covenantshereot. � .
<br /> No remedy herein contetted upon or reserved to Trustee or Lender is lntended to be exGusive of any othe�remedy herein,in the Loan �
<br /> Instruments or by law provlded or pertnitted,but each shatl be cumulaUve,shall be in addiUon to every other remeQy givan hereundar,
<br /> l ln the Loan Instruments or now or hereafter exlsting at law or in equity or by statute,and may be exercised concurtently,independenUy ' • •
<br /> . � or succesively. _
<br /> ' , � 13.Trustee.The Trustee may resign at any time without cause,and Lender may at arry time and without cause appoint a su�
<br /> . . . . � cessor o►substitute Trustee.Trustee shatl not Ee liabte to any party,includtng without limftation Le�der,Bortower,Trustor or any pur-
<br /> . chaser ot the Property,for any loss or damage untess due to recktess or wilfful misconduct,and shall no16e required to take any actlon
<br /> { In connection with the eniorcement oi this Oeed ot Trust untess indemnified,in wridng,for al)costs, compensat9on or expenses which
<br /> � • � may be associated therewith.t�addition,Trostee may beoome a purehaser at any sate oi the Properry(judiclal or under the power oi
<br /> ' ; sale granted herein);postpone the sale of all or any portion ot the Prnpedy,as provided by law;or sell the Property as a whote.or in .
<br /> . � separate parcets or tots at Trostee's discreUon. ' ' .
<br /> � 14.Feas and F�panses.In the event Trustee selts the Property by exercise of power ot sate.Trustee shatl be ere:ted to appty •
<br /> any sate proceeds flrst to paymsnt of all costs and expenses of exarcising power ot sate,lnctuding all Trustee's fees,and Lender's and , �
<br /> . � Trustee's attomey's tees, actually incurted to extent pertnitted by applipble law.In the event Borrower or Trustor exercises any righf .
<br /> provided by law to cure an Event of Oefault.Lender shall be entitled to recover from Trustor all costs and expenses actually incurred as ,
<br /> �` � a result of Trustofs detault,inclu�ling without limitation al!Trustee's and attomey's fees,to the extent permitted by applicahte law. . ' � .
<br /> 15.Future Advances. Upon request oi Borrower,Lender may,at its optian,make additionat and future advances and read- ,
<br /> _ � : •raru�:o Borro•rlec.Such ad�:ances and rea�rar.ces,reith Inlesest thereon,sha!!he sscsued by ihis Deed o1Tn.ESt.At no time shal!the ' • -
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