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<br /> � � ` � 'Proceeds�in ocnnet�ton wUh condemna�on or other taking at the Property or part thereof,or for wnveyance in lieu of wndemnation. �' '° ° �
<br /> , ' �_ °. •� ' Lender shall ae entitled at iis option to oommeace,appear in and prosecufe in iis own name any action or prooeedings.and shaN also� _`
<br /> '.., . . . . be entifted to make any compromise or settlement In oonnedion with such taktng or damage.lo the eveni any portion of the Praperty� �•f� `.
<br /> �° ` '" so taken or damaged, lender shatl have the option,in iis sote an�a6sotute discretion,to appty all such proceeds, after dedading � <,�
<br /> � : , . therefram all cosfs and euper�es incurrE.M by it in conr�ection with such Proceeds,upon any indebt�dness secured hereby and in such � � � �
<br /> ` . ,`�� order as Lender may detertnine.or tn apPly a�f such Proceeds.after such deductions.to the restoraUon of the PropeRy upon such oor}� . �'` :
<br /> ditions as Lenaer may denertnine.My applicatton of P�oceeds tu indebiedness shall not extend or postpane the due date of any pay-
<br /> � � ::. ,� ments under the Note,or are any defaul!t�ereunder or hereunder.My unapptied funds shall be Paid tn Trustor. � '•.
<br /> __ . :•.}, 8.Pertortnance by Lend�r.Upon fhe occumence of an Event of Defauft hereunder,or if arry act is taken or legal proceeding �
<br /> ; , . • -. cammsnced vrhieh materiaUyr affeds Lenders interest in the Property,Lend$r may in its own�screUon,but without obGgation to do so, �•�i�' ..
<br /> _, ---`. and without rrotice W or demand upon Tcustor and without reteasing Trustor from any obligation,do any act which Trustor has agreed �` �
<br /> -�:='-"" •� bat failed to do an�may atso do any other act�t desms necessary to protect the security hereof.Trustor shaU,immediately upon -
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<br /> _. _ __- __.�.u. demand therefor by Lendsr.PaY to Lender a!!�aud expanses inairred and sums expertded by Lender in connection with!he exer- --= --.-��..T
<br />"�� , ase by Lender of the foregoing rights,together wfd�interest thereon at the default rate provided in ffie Note,whicb shali be added tn
<br /> • ffie indebLedness secured hereby.Lender shail not incur any Iiabiiity because of anything it may do or omit to do hereunder. ' '
<br /> F.'. • . _ : 9. Ha�rdous Matertats.TrusGor shail keep the Properry in campiiance wlth all applicabie Iaws.ordinanoes and regulations ..t . ' �,
<br /> ` � relaUng to industrial hygiene or env3ronmenlat protection(ool[ectivety referred to herein as'Environmenfal Laws7.Tn�.ster shall keep �
<br />'�•` s ,.. � the Properiy free from a(i suhstances deemed to be harardous or taxic under any Environmental Laws{collectivety referted W henein :,�•>. �
<br />-" � , ' , , as'Ha�rdous Materials7.Trustor hereby warrants and represents to Lender that there are no Hazardous Materiais on or under the ��::*�'�� ;�
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<br /> ' ' . . Praperty.Tntstor hereby agress to indemnify and hotd hartntess Lender,its diredors,officers,empioyees and agents,and any sucoes- - `•:t`•,.��='=
<br />-��. ,� . � • . sors to Lendei's interest,irom and against any and ail ciaims,damages,losses and Gab�'ih'es arising in o�nnectiort with the presence, ��t� �
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<br /> . . use,disposal or transport af any Hazardous Materiats an,under,from or abuut fhe Property.THE FOR�OlNG WARRANTIES AND .:.`'r . �'"r' ``
<br /> s •��i REPRESENTATIONS,AND TRUSTOR'S OBLlGATIONS PURSUAN'P TO THE FOREGOING INDEMNITY,SHALL SIiRVNE . - -_
<br /> + _ �� RECONVEYANCE OF THIS DEEO OF TRUST. � �_
<br />'`f.'•. • � " • �} i0.Assignment of Rents.Tnistor hereby assigns W LenQer,and grants L.ender a secun'ry interest In,all presenl,firture and _
<br /> after arising rents.fssues and profits of the Propetty:provtded that T►ustor shall,until the occu;rence of an Event of Defaul�hereunder, �� ^ �
<br /> ��� `�;� have!he rigM to coitect and refain such reMs,issues and profiis as they become due and payable.Upon the eccurrence af an Event of �;.';�°� '"��
<br /> ^? Qefaui�Lender ma eiU�er in erson or b a ent,with or without brin in an acdon or roceedin or b a recen►er a �`'�-
<br /> �'�}' � ^ � Y. P Y 9 9 9 Y P 9� Y PPointed bY a ' ��:=
<br /> �^ . . . _ cauR and without regard to the adequacy of its securiry,eate►upon and take possesslon of the Properry,or any paR thereof,in its oum ��- � ;�_�_
<br /> �' • �' name or in the name at the Trustee,and do any acts which it deems necessary or dasirabte W preserve the value,marketability or �_
<br /> s: � , rentabiliry of the Property,or any partlhereof or interest therein,or to increasa the i�come theretrom or protect the security hereot and, . . �=
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<br /> ; with or without taking possession af ths PropeRy,sue for or otherwise coilect the rents,issues and rofits thereat.includin those ast + �
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<br /> ' . , ,. due and unpaid,by notifytng tenanb to make paymenta to Lender,Lender may appty renis,issues and profits,less costs and e�cpens- i• °-
<br />.=-��, : . . .. .. .v es ot operation and cottection lnduding attomey�s fees,to any indebtedness secured hereby,all in such ordeo as Lender may deter- -'- °�"
<br /> .. . , . • mirre.The ente�ing upon and taking possession ot the Property,the coilection of such rents, issues end profits,and the applicaUan ��:�'_=��
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<br /> �,�, • ' tl�e�eof as atoresaid shail not cure or waive any default or natice of default hereunder or invaHdat9 any act Qone io response to such .. .` ---
<br /> �`.'� ' . 4 defauit or pursuant to sud�notice of default and,notwithsbnding the conUnuance in possession of the propeRy or the coitecGon, . .;�ra,;.R
<br /> receipt and apptiqUon of rents,issues or profits,Trustee and Lender shall de entitted to exerdse every�ight provided for in any oi the -'�' �
<br /> ` � . ' ..� Loan Instruments or hy law upon occurrertce oi any Event of Qefault,inGuding without limitation the right to exercise tt�e power ot sate. ''��—
<br /> :'-:�a• � . . Further,Lenders rights and remedies under this paragraph shaii be cumulative with,and in no way a IimltaUon on,Lenders rights and �.y,��_�_
<br /> remedies under any assignment of teases and rents recarded against the PropeRy.Lender,Trustee and the receiver shall be Ilabte to � • ;:_;;:;
<br /> • • account oniy for those renb actuaity received. ' ��_�.•:.�.
<br /> `'� �, ' 11.Events o!Oefaul�The following sha0 consUtute an Event of Defauft under this Oeed of Trust ',r��� ;-:�;;�_
<br /> • (a)Faifure to pay any instailment of pdnctpal or lnterest or any other sum secured hereby when due: =-
<br /> �-`''" � b A breach of ar defautt under an � �
<br /> O y provtsion contained in the Note,this Oeed oi Tnist,any of the Loan Instruments,or any � '":"��_
<br /> - . ' other lien or enrumbrance upon the Property; � ���; z�,=
<br /> '�`• . (c)A writ of execuUon or attachment or any similar pracess shail be entered against Trustor whict►shall become a Iien on ���: � �". .::�
<br /> � "' • , the Property or any portlon thereof or interest therein;
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<br /> ' ` � (d)There sha11 be filed by or against Trustor or Borrower an action under any present or future federai,state or other statufe, t: . _-
<br /> � ' taw or regulatlon reiating to bankniptcy,insoivency or other relief for debtors;or there shall be appointad any trustee,recehrer or '�v
<br />, �; Itquidator oi Trustor or Borrower or of ali or any part of the Property,or the rents,issues or proflts thereof,or Trustor or Borrower ��-
<br /> � - . • : sha11 make any general assignment forthe benefit of creditors; �.`'?'�?�
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<br /> . . (e)The sate,Uansfer,tease,assignment,conveyance or further encumbrance of a(1 or any part of or any interest in the '
<br /> �•.� Property,e(ther votuntarity or Involuntarity,without the express wrltten consent oi Lender,provMed tfiat Trustor shall be petmit- � : : ,
<br /> ted to execute a lease oi the Property that daes not contain an opUon W purchase and the term of whlch does not exceed one
<br /> .� year, .
<br /> � � {�Abandonment oi the Property;or • , • •
<br /> , : (g)If TrusWr is not an individual,the issuance,sale,transfer,assignment,conveyance or encumbrance ot more than(ii a
<br /> , caryoratlon)a total oi percent ot its lssued and outstand9ng stock,or(if a partnershlp)a total of per- � .
<br /> � • - cent of partn�rshlp interests,or(ii a limlted Iiability cflmpany)a tata!ot percent ai the timited liabitity compa- • �.
<br /> , ny Interests or voUng dghts dudng the pedod this Deed ot Trust remains a Ilen on the propeRy. • ' �
<br /> ' � 12.Remedies;Aeeelerallon Upon Defautt.ln the event of any Event of Default Lender may,withou!notloe except as required � �
<br /> : '''i . . by law,deGare a�l lndebtedness secured hereby to be due and payable and the same shall thereupon become due and payabte w1tR- ` •
<br /> out any presentment,demand,protest or noUce oi any kind.Thereafter Lender may: � '
<br />.> ? • • (a)Demand that Trustee exercise the POWER OF SALE granted heteln,and Trustee shall thereafter cause Trustor's inter- �• �
<br /> , est in the Property to be sotd and the proceeda to be dlstributed,all in the mannar provided In the IVebraska Trust Deeds Act;
<br /> , � , (b)Exercise any and atl rights provided tor in any of the Loan tnstruments or by law upon occunence of any Event of � . �.
<br /> , Defautt:and
<br /> 1� � � (c)Commenoe an acUon to foreGose thla Doed of Trust as a mortgage,appolnt a receiver,or speclflcalty enfarce any of the ,
<br /> i covenants hereoL . ,
<br />•:,;.' ; ! No remedy hereln conterred uport or resenred to Trustee or Lender is intended to be exctuslve oi any other remedy:herein.io the Loan • .
<br /> �t InsUuments or by law provided or permitted,but each shall be cumulaUve,shatl bs ln addiUon to every other remed�r givan heteufider. .
<br /> .. in the Loan InsVuments or now or hereafter exlsting at law or in equity or by statute,and may be exercised concuRentty,independently � •
<br /> .• or succesively. `
<br /> � .. 13.Yrustee.The Trustee may resign at any time without cause,end Lender may at any tlme and without cause eppolnt a sua � •
<br /> cessor or subsUtute Trustee.Trustee shall not be Iiabte to any party,including wfthout limitation Lender,Borrower.Trustor or any pur- ' � '
<br />. • � chaser of the Property,tor any loss or damage untess due to reckless or wi�1Wl misconducl,and shall not be required to take any action . � • •
<br /> � . . in connecHon with the enforcement ot this Deed o}Trust unless indemnifled,1n w►iting,tor all costs,compensatlon or expenses which �
<br /> may De associated therewlth.In addiNon,Trustee may become a purchaser at any sale of the PropeRy Qudicial or under the power of � •
<br />- sate granted herein);postpone the sale o4 all or any portlon of the Property,as provided by law;or sell the Property as a whote,or ln
<br /> 1�-� , i separate parcets or tots at Trustee s discretion. � �
<br /> 14.Fees and Expenses.In the event Trustee sells the Property by exercise ot power of sale,Trustee shall be entitted to apply •
<br /> ;'�� , � any sate proceeds first to payment o}all costs and expenses ot exerclsing power of sate,inctud)ng atl Trustee's fees,and Lender's and ,
<br /> Trustee's attomey's fees, actually incuned to extent permitted by applicable law.In the event Borrower or Trustor exercises any right . �
<br /> . • I provided by law to cure an Event of Oefauli,Lender shall be entiUed to recover from Trustor all costs and expenses actually incuned as �
<br /> � a result oi Trustor's detault,including without limitatlon all Trustae's and attomey's fees,to the extent permitted by app!iqble law. "
<br /> •• � 15. Future Advanees.Upon request of Borcower,Lender may,at its option,make additional and tuture advanCes and read- �
<br /> = . , vances tQ 9orro+r�er.Suctt advant:��rtd scadvancos,uith irstaresi theteon,shaA be secured ty ihis Oeed uf Trusi.AS nu time shali the -- - -
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