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<br /> "Procoeds")In connoctlon with candomnetlon or other taking of tho Proporty or part therooi,or for conv��ce In Ileu o4 condomnntlon. ,
<br /> Londor choll bo ontltlod at Its optfon to commence,appoar In and piosecute In ite own neme any acilon or procoedings,c�nd ahnll also
<br /> be ontitlod to mako�ny compromlae or settlement In conneGtion wlth such taking or damage.In theall suchn roceeds�toitor�daducQnp "
<br /> so lek9n or damegod, Lander sholl heve thv aptlon In its sole and absolute dlscratlon, to app y P ,
<br /> � � thorofrom all costs nnd oxpenses Incurrad by It In connoctlon with such Proceeds,upon eny Indabtedness socured hotoby and In such
<br /> ordor es Londor moy dotormine, or to apply all such Proceedo,eiter such doductions,to the restoratlon nf the Proporty upon auch c.on•
<br /> dltlons ns l.endor may detormine.Any appllcetion of Proceeds to indebtedness shall not extend or postpone the duo dato oi any pay-
<br /> " mont3 undor the Noto,or cure eny defAUlt thereunder or horeunder.Any unapplled funds shall be paid to Trustor.
<br /> 8. Performancs by Lender.Upon ihe occurrence of an Event of Default heroundor, or ff any act ie tekon or lognl procaodlnp
<br /> ' commenced which materially affects Lender's Interest In the Property,Lender mey In its own discretion, but without obIlgBUon to do so,
<br /> . and wlthout notico to or demand upon Trustor end without releasing Truatar from any obllgation,do any act whlch Trustor has agreed
<br /> .:s+�� ' but}alted to do and may elso do any other ect ft deems necessery to protect the security hereoi.Trustor ahall, Immedlately upnn ,
<br /> . �� demand therefor by Lender,pey to Lender ell costs end expenses Incurred end sums expended by L.ender In connection with the exor- .
<br /> cisa by Lender ot the foregaing rlghts,togother wlth Interest therean at the default rete provided In the Note,whfch shall be added to
<br /> ' the Indebtadness aecured hereby.Lender shell not incur any Ileblllty because of anything It may do or omit to do hereunder.
<br /> ` 9. Hazeirdoue Materlds.Trustor shall keep the Property In compilance with all applicable laws,ordlnanco� and roAulatlons _ .
<br /> � relating to industrial hyglene or envlronmentel protectlon (collectively referred to here(n as"Environmentel Lews").Trusror shail keep �,.�..�,�:
<br /> � the Property free from eli substences deemed to bA hezerdous or toxic under any Environmental Laws (collectively reterred to hereln � ` �_�cLL
<br /> � ' as'Hazardous Materlals"). Trustor hereby warrants ond represents to Lender that there are no Hazerdous Matortats on or under the -.,,;:_
<br /> � Property.Trustor hereby agrees to Indemnify and hold harmless Lender,its diroctors,officers,employees end egents,and eny succes- _•� .:
<br /> o sora to l.ende�'s interest,from and agalnst any and ali claims,damages,losses end Iiabilitfes adsing In connecHon with the pre3ence, .�7,^=__
<br /> � ,..�f use,disposal or transport oi eny Hazardous Materlals on,under,from or about the Praperty.THE FOREGOING WARRANTIES AND .���-
<br /> REPRESENTATIONS, AND TRUS70R'S OBLIGATIONS PURSUANT TO THE FOREGOING INDEMNITY,SHALL SURVIVE `����;x�u-
<br /> � . �-:-
<br /> �' RECONVEYANCE OF THIS DEEO OF TRUST. , -•:°
<br /> � 10.Assipnment of Rents.Trustor hereby assigns to Lender, end grants Lender a security Interest in,ell present,future and ��-==
<br /> 65�%-4-5"•'
<br /> after erising re�ta,isaues and prqftts ot the Property;provided that Trustor shall,until the occurcence of an Event of Default,hereunder, �' E.,:
<br /> . have the►isht t�collect and retaln such rents,issues and proflts as they become due and payable. Upon the occurrence ot an Event of „�.,_
<br /> �:�.;w;..: .
<br /> �. 4efeuit,Lender may,elthar In p9rson or by agent,with or without bringing any action or proceeding,or by a recelver appolnted by e ��,
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<br /> court and without regard to the adequacy ot its secu�ity,enter upon and take possession of the Propert}�,or any part thereof,in its own r1R��±
<br /> name or In the neme of the Trustee,end do any acta which it deems necess�ry or desirable M preserve the vaiue, marketebility or rs=
<br /> renteblllty oi the Property,or eny pert thereof or interest therein,or to increase the Inwme thereirom or protect the security hereof and, ���— _
<br /> �� with or witNout taking possesslon of the Property,sue for or othenNise collect the rents,issues and profits thereof,Including those past .�.:-
<br /> due end unpaid,by notifying tenents to make payments to Lender.Lender may apply rents,issues end proflts,less costs and expens-
<br /> • .�� es of operaUon end collection including attomey's fees, to any indebtedness secured hereby,ali in auch order es Lender may deter-
<br /> minA The entering upon and taklnp possesslon ot the Property,the collection of such rents,Issues and proflts,and the applicetlon
<br /> � "' thereof as afareseid shall not cure or waive any default or noticc�of defeult hereuntler or invaiivaie any eci do��a ii�io��,n�a ta su�h
<br /> default or pureuant to such notice of detault and, notwithstending the continuance In possesslon of the property or the collect►on,
<br /> ' receipt end appllcatton of rents,Issues or proflts,Trustee and Lender shetl be entitled to exorcise every right provided tor in eny oi the
<br />-' Loan Instrumente or by law upon occurrence of eny Event of Default,including without Ilmitatlon the dght to exercise the power oi sale.
<br />�^:'"�:�r • Further,Lender's righte end remedies unrfer thls paragraph shall be cumulc�dve with,and in no wey e UmlteUon on,LendePe�Ights and
<br /> •� remedies under any assignment of leases end rents recorded egalnst the PropeRy.Lender,Trustee ond the recelver shall be Ilable to
<br />_�,_.�;�,� ;; � . account only fo!those rents ectually received.
<br />_�;;,�.p;� . 11.Events oT Defauit.The following shall constftute an Event of Default under this Deed of Trust:
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<br /> ���Y. , (a)Feilure to pay any Instailment of principal or Intereat or any other sum secured hereby when due;
<br /> - �-�� (b)A breach of or defauit under any provislon wntalned In the Note,this Deed uf Trust.eny of the Loan Instrumente,or eny
<br /> 3;*,yy�'>r'.s•., other ilen or oncumbrance upon the Property;
<br />�''-'�"-�`_• (c)A writ oi execution or ettachment or any similar procass shall be entered agalnst Trustor which Ehall become e lien on
<br />—�v�M� the Property or any portion thereoi or interest thereln;
<br /> ��"�="�+t�'� (d)There shall be fI1Qd by or against Trustor or Bonower en action under any present or future federel,stete or other stetute,
<br />����s�� law or regulaUon relating to bankruptcy,Insolvency or other retief for debtora;or there shail be appointed any Wstee,recAlver or —
<br />�xra�;�a�ll�.� ilquldator ot Truator or Borrower or oi ell or any part ot the Propertyr,or tho rents,issues or profits thereof,or Tnistor or Borrower
<br />��,��� shall make any ge�eral asstgnment for the beneflt of creditor�:
<br /> - (e)The sele, trensfer, lease, essignment,conveyance or further encumbrance of ell or eny part ot or any tnterest in tho
<br />=�''�� Property,efther volunterlty or Involuntarily,w(thout the express written consent ot Lender, provtded that Truator shall be permit- ` —
<br /> - �•�r Ll ted to exec�te e lease of the Property 4hat does not contaln an option to purchase and the term oi whlch does not exceed ono
<br />_�=� ,�
<br />---�-�.-..'�:; Year,
<br /> ��:_�:� (�Abandonment of the Property;or
<br />—�• (p)ii Truator ts not an indfvldual,the lasuance,sele,transfer,asslgnment,conveyance or encumbrance oi mare than(If e
<br /> ,__�,__ _
<br />�r_;�-�•..�?. ': corporaHon)a total ot percent of its Issued and outstending stock,or(if e partnership)e totel oi per-
<br />��w`., cent oi partn�rship Interests,or(If e Ilmited Ilebility company)a total of percent of the Iimlted Ilabllity comp�-
<br /> -•..�-�,:�:�',.,s,. ny(ntereats or voting rights during the period thfs Deed oi Trust remalns a Ilen on the property,
<br />_.:..''�"ri �� 12.Remedtes;Acceleration Upon Oefautt In the event ot any Event of Default Lender may,without noUce except es roquired ---
<br /> .�--"'.. by lew,dectare all indebtedness secured hereby to be due and payable and the same shall thereupon become due and payable with- ____
<br /> f�;` :� :• out any presentment,demand,protest or notice of any kind.Thereafter lender may:
<br /> (a)Oemand that Trustee exercise the POWER OF SALE grantetl heroln,and Trustee shatl thereafter cause Tnrstor's inter- �„R=
<br /> est In the Property to be sold and the proceeds to bo distributed,all in the manner provided In tho Nebraska Trust Deeds Act; -
<br /> v (b) Exercise any and all rights provided for In any oi the Loan instrumonts or by law upon oceurtence of any Event of ��'.':.
<br /> �;. . � tl. �".:_.
<br /> �,,_ � Deteult;and =__--
<br /> - � (c)Commence en action to forectose this Deed of 7rust as a mortgege,appoint a recotver, or specHically enforce nny ot the :._`_M
<br /> r; � . , covenants hereof. �`.``-`
<br />_ � No remody horefn conierred upon or reserved to Trustee or Lender is Intended to be exclusive of eny ather remedy hereln,fn the Loan :��_�L„�
<br /> « Instrument9 or by law provided or permitted,but each shall be cumutstive,shall be In addlHon to every other remedy given hereunder, ,
<br /> - - ^,M,��"'".' In the Loan Instrumonts or nov+;or hereafter existing at�aw or In equity or by stetute,end may be exercised concurrently,independently ,
<br /> - ..wseivdu ���,','
<br /> - � . N J. 13�Tr�stee.The Trustee may resign et eny time without cause,end Lender mey at any time and without cause appoint a ouc- -� -
<br /> - cessor or substitute Trustve. Trustee sheil not be Iiable to any party,Including without Iimitetion Lendor,Borrower,Trustor or eny pur- „ .
<br /> cheser of the Proporty,for any loss or damage unless due to reckless or wllifui misconduct,end shall not be required to 4ake eny scSlon
<br /> In connection with the enforcemant of thls Deed of Trust unless indemnifled,in writing,for ell costs,compensation or expenses whtch
<br /> _ ,. may be essoclated therewilh. In eddition,Trustee may become o purchauer at any sale of the Property Qudiclal or under the power oi '
<br /> sale g�anted heraln);pQStpone the oale of all or any portlon oi the Property,es provided By law; or setl the Property as o whole,or In
<br /> . separate parceis or lots at Trustee's discretlon.
<br /> 14.Fees and Expensee.In the ovent Trustee sells the Property by exercise of�ower of sale,Trustee shall be entltlod to apply
<br />-- any aele proceods flrst to payment ot atl costs and expenses of oxorclsing power of sale.Including a�i Trusteo's fees,end Lender's end
<br /> - Trustea's attomey's foes, actually Incurred to extont pertnittod by appllcable law.In the evont Borrower or Trustor exercises eny rlght
<br /> �� provlded by lew to cure an Event of Default,Lender shall be ontitled to rewvor from Trustor all costs and exponses actualiy Irt�urr�d as .•
<br /> - � a re�ult ot Trustor's detault,Including without Ilmitation eli Truatee's and attomey's fees,to the extant permitted by epplicable law.
<br /> -_ ' 15.Future Advances.Upon request oi Borrower, Lender may,at tts optlon,make eddttlonel end future pdvanr.es end robd-
<br /> • vances to Borrower.Such advances and readvances,with Interesl thereon,shall be secured by thls Deed ot Trust.At no timo shall the
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