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<br /> ..� `°` t ;. •p�oceeds�in wnnection�vlth oondemnatlon ar other taking oi the Pmperty or paR thereof,or for oa�iveyanoe in lieu af condemna�on. ` � ..��. ` F•`.���
<br /> '._ " Lender s!►aU tre entftled et fIs opUon fo oommance.appear tn and pmsea�te in its awn name anyr a�ion or praceedings,and sha�atsa � _ .� ;,��,
<br /> , 6e entiUad b make any campromise or seUlement in cannecUoR wM such mkfig or damag�Ea the event any poctton of the Propecty(s ,.-:,.
<br /> so taken or damaged,LenQer shall have Qhe option in fts sole ar�d absotute d�scretton,tn apply a�such praceeds, after dedudIng ,. �. ,�`�t°
<br /> .` '' . :, . thereirom all aosts aitd expenses incurred by it tn oonnecHon with such Pcooeeds.upon any indebtedness sec�red hereby and in such � �''•
<br /> r ` � onier as Lender may Qetermtne,or tq�pPty aU sach Praoeeds.sfter such deduc�tions.to the res0oraflon oi the Property uPon sudl mn- ' `..` •�, ` Y L
<br /> � ..� � ditions as Lender may detertnine.MX applica8an ai ProceeQs tu indebt�dness shall aot extend or posKpone t�e due date of arry pay- , .' : ;...
<br /> � � " ments under the Note,os atre any default thereunder or hereunder.My unapplIed funds shall bs patd to TrusOor. `°� �" ,
<br /> � ` 8.Perfor�nanee by Lender.lf�on the aaurtence ot an Event of Oefault hece�mdsr,or if any aet is taken or tegal proceeding - •�' � `` , '
<br /> �` � `- ,-'r commenced which materfa�yr affects LenQers interest in the Property.Lender may in its own�scredon,but without obligation to do so, •
<br /> - �;_-� and without�oUoe to or demand upon Tasicr and withaut releasing Trustor from any obligstion,do any act which Trustor has agreed .
<br /> -"-%t �.� but fa�Ted to do and r►tay aiso do eny aUter act it daams ns�san►to pmied ths set�stttY hereof.Trustor sha0.immediatety upon `� _.
<br /> • • -. • :*'- demand thsretor by Lender,pay to Lender alt aosis and expenses incurted and sums expen�e0 by Lender in connecUon 4vith the exer- ,
<br /> , ::- c�se by lender of the toregoing dghts,together with interest theceon at the defautt rate provided in the Note,which shaII be added tu � �
<br /> � the Indebtedness secure�d hereby.Lender st�alf not inau any liabiliry 6ecause of anything it may do or amit to do hereunder. �
<br />• � 9.Harr�dons Ma�rlals.TrusOOr shaU keep the Properly in compliance with att appllqbta laws,ordUiances and regulations ;.� ;, `.°
<br /> � a .
<br /> - `. • -. retating�o industrial hygiene or envTronmentat protection(ooifecGvety referred to herein as'Environmerrtal Laws').TrusGor shall keep -
<br /> �° � ' the P►operty fisa from a0 substanoes Qeemed tn be hazardous or toxic under any Environmentai Laws(coltectiveSy refemed to Aerein .
<br /> as'Hazardous Materfats�.Tn�sWr hereby warraats and represents to Lender that there are no Hazardous Materials on or under the - _-_
<br /> � ' Property.Tn�sDar hereby agreas to indemni�y and hnld harmless Lender,its d'uectars,otfloers,employees and agents.and any sucoes- ; � �-
<br /> � sors to Lenders interest.ftom and against arry and all daims,damages.losses and IiabifiUss arising in conrtectfnn witA tfie presenoe. ` r,,,._�
<br /> � ', use,disposal or transpoR of any Hazardoeis Materiats on,under,from or about ths Property.THE FOREGO(NG WARRAl�RI�S MiD -
<br /> •� REPRESEM'ATIONS. AND TRUSTQR'S OBLIGATION[S PURSUANT TO THE FOREGOIIVG INDEMNITY.SHALL SURVl11E
<br /> . . RECONVEYMICE OF THiS bEEQ OF TRUST. _ , .
<br /> .. ' 10.AsslgnmeM of Ronts.Trustor hereby assigns to LenRer,artd grants Lender a security interest in,afl present,fuhire and • _ _.
<br /> after arising re�s,issues and pcafita ot the Properry:provtdsd that Tn�stor shall,unb7 the oc�urrence of an Event of Defautt hereundsr, `;�+� r` -
<br /> � �� have the dgM to coliect and retain such rents,issues and profiLS as they become Que and payable.Upon the aa,urrence of an Event of ,- '.j r.:
<br /> -- °` �• qefautt,Lender may,either in person or by agenR with or without bdnging arry at�on or proceeding,or by a ret:eiver appointad by a ___ �_ �
<br /> � « '` caurt and vBthoui regard to tha adequacy ot its security,erter upon and take possession of the Rroperry,or any part thereof,in its o�ron _, ' � '
<br /> � . .. name or in the name of fhe Trustee.and do any acb which it deems necessary or destrable to preserve the vafue,marketatii�ity►or • ,� '_�
<br /> r�.�: rentabiliry of the i�roperty,or any paR'thereof or interest therein.or to incr+ease tha incoma therefrom or protect the securtty hereof ana, ;� �-=—
<br />:: • with or without takia�g possession of tfie Property.sue for or otherwtse caltect the rents.issues and prafits thereof,tnctuding those past �.., ,: �:�;�s`;;�,.v
<br /> �• � due and unpaid,by notitying tenants to make payments to Lender.Lender may apply renLs,issues an d p r o fi t s,less oo s t s a n d e x pens- - ` _;,�., :�.�.
<br /> es of operation arM coltection induding attomey's fees,to any indebGadness secured heretsy,ail in such ordat as Lender may deter- `��'Y'-;;�—_
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<br /> � ' '. mine.The entedng upon and taicing possesston ot the Property,the coltectlon of such rentg,issues and profits,ane the applicaUon . ���;-.
<br /> - � - thereof as aforesaid shail not cure or waive arry default or notice oT default hereunder or invaAdate a�y act done in nesponse t�such �';4�.. '•��'�"�`'
<br /> � ��.�_.
<br /> � ., defauit ar pursuant to sud►notice of default and,noiwithstanding the cantlnuance in possession of the pmpeRy or the coliection. , _____
<br /> � nece}pt anA applicaUon of rents,issaes or profds,Tntsteo and Lender shaD be entiUed to exerdse every dght provided for in any of tha � �' ����,�:
<br /> �� ' • ,.� ' loan Instruments orby taw upon occurtence of any Event oi OefaufL(nduding vuithout qmitation the right W exenrJse the pvvar af sale. _ :��=__
<br /> . ' � Further.Lenders�ights and remedies under this paragraph shall be cumutaUve with,and in no way a Iimitatlen on,Lenders rights and , :•=�,�..-
<br /> ,;;,. remedies under arty assignment of leases and tents recarded against the Property.L.endar.Trustee and the receiver shail be liabfe to � , . � .; ,'�.=;�"��
<br /> • ° � acceunt onty for thosa rents actuatly recetveQ. � , �`�'�
<br /> �. .. . ,:'� 1 t.Events ot Defautt The bftowing shatl consUWte an Event ot Detault under this Deed of Tnisk � __�-
<br /> . . . t (a�Faifure to pay any installment of principal or interest or any other sum secured hereby when dae; ` —
<br /> .. , (b)A�reach ot or defautt under any provision contained in the Note,th�s Oeed of Trust,any ot the Loan Instruments.or any . .:.;;�.
<br /> .��� offier lien or encumbrance upon the Property: � ` �'-�'`•
<br /> •� � (cj A writ of execuUon or attachment or any simitar process shail be entered against Trustor whtch shall become a lien on '•�•.�:-
<br /> , the Property or any poRfon thereoi or interest therein; : . ''�''"¢
<br /> . � (�The�a shail be fited by or agffinst Truator or Borrower an adion under any present or fudre federal,shate or other statute. _
<br /> law or regutaUon relatlng to baniwptcy,insolvenry or othar retief for debtors;or there sfialt ba appointed any trustee,receiver or _�
<br /> . . liQuldator of Tn1sWr or Borrower or ot all or any part of tfie PropeRy,or the rents,issues or proftts fhereof,or TnisOOr or Borrower __�__ __
<br /> ', � shall make any generat assignment for the benefit of creditors: ,. "� ��
<br /> � .i:,.�,-�
<br /> � � ��; (e)The sale,transfer,tea�e,assignmen�, conveyance or fuMar encumbrance ot all or arry part of or arry interest in d�e . , � . ._
<br /> - • � � Ptoperiy,either voluntadty or invotuntariry,wlthout the express wriitett�?ni ot lender,provided that Tn�stor shall be permit _
<br /> � . ted to execute a lease o!the Properiy that does not contaln an optlon to purchaso end the tertn of which does not exceed one � =�`r"
<br /> � '; year, -
<br /> �. .�- (�Abandonment of the Properry;or . . -
<br /> - � (g)It'.rustor is not an indlvidual,the issuanoe.sate,Vansfor,assignment,conveyance or encumbrance af more than(H a . ,
<br /> � corporaUon)a tcfal of percent of its issued and oubtanding stock,or((f a partnership)a Lotal ot per- �
<br /> � ° cent oi partnership interests,or(ii a limited Ua6ility comparry)a to�l o! per�nt ot ttie Umited qabiUry oompa- � . " '
<br /> � ' � � ; rry interests or voUng dghts dudng the perlo0 this Deed of Trust remaina a lien on the property. . '
<br /> r 12.Remedies;Aeceteration Upon aafault In ths event ot any Event of Defautt Lender may,witAout not�ce except as�equired . ,
<br /> ' , . � by law.Qectare a0 Indebtedness secured hereby to be due and payabte and the same shatt thereupon become due and payeble with- • ;
<br /> out arry presenUnent,demand,protest or noUce of any kina.Thereafter Lender may: .
<br /> ' . , � .� (a)Demand that Trustee exercise the POWER OF SALE granted herein,and 7rustee shall thereafter cause Trostor's inter-
<br /> est in the PropeRy to be sotd ana the proceeds to be distributed,all in the manner provlded In the Nebreska Trust Oeeds A�
<br /> (b)Exercise any and ail rlghis provided for in any ot the Loan InsUuments or by law upon occurrence o9 any Event ot
<br /> Defauit and � �
<br /> � � (c)Commenrs an action to forectose this Oeed oi Trust as a mortgage,appolnt a receiver,or speciflcaUy entorce any oi the � - .
<br /> � covenants hereoL . ''
<br /> ' t�to remedy hereln conterted upon or reseived to Trustee or Lender is intended to be exctusive of any other remedy herein..ln the Loan
<br /> tnstruments or�y taw provided or permitted.bu!each shail be cumuiative,shatl be in addltlon to every other remedy given hsreu�nder, •� .
<br /> In the Loan tnstrumenls or now or hereafter existlng at�aw or in equity or by statute,a�d may be exercised concurtently.independen8y . ,
<br /> � � or succesivety. . � •
<br /> � ' 13.Trustee.The Trustee may restgn at any tlme witfiout cause.and Lender may at any tlme and withou!cause appoint a suc-
<br /> � cessor or substltute Trustee.Trustee shetl not be liable to any party,including without tlmltaUon Lender.Barrower.Tnistor or any pur- .
<br /> chaser oi the PropeRy.for any loss or damage untess due to reckfess or wiiitul misconducK,and sfiali not be required to take any acHon • . ��
<br /> � � ' in connection with the enforcement ot this Oeed of Trust unless indemn'rf1ed,in wridng,tor all oosts,oompensation or expenses which
<br /> .' may be assoGated therewith.In addiUon,Trustee may beoome a purcAaser at any sale of the Property(Judicla!or under the power o1 �
<br /> ' . • sale granted herein);postpone the sale of alt or any pordon of the Property,as provided by law;or seli the Property as a whote,or ln . � •.
<br /> " . separate parcels or lots at Trustee's discretion. �
<br /> � � � 14.Fees and�ponses.In the event Trustee setts the Property by exercise of power ot sate.Tmstee shatl be enUtted to aDD�Y „ .
<br /> any sale proceeds first to payment o}all costs end expenses of exercising power ot sate,inctuding all Trustee's tees,and Lender's and
<br /> �'.; � • � Trustee's attomeys fees, actualiy incurred to extent pem►itted by appltrable law.In the event 8orrower or Trustar exercises any rtgM ,
<br /> ° � • . � provided by law to cure an Event of Oefault.Lender shall be entiUed to recover irom Trustor all costs and expenses actually incurted as
<br /> '"' � a result ot Trustor's defauil,inctuding without limitatlon all Trustee's and a8omey's fees,to the extent permitted by app�iqbte law. �
<br /> - � —�� 15. Future Advancos.Upon request of 8orrower,Lender may,ai its optlon,make add�a!ur�d ful�uc advanc�ant3 reat!-
<br /> • ' vances to Bonower.Such advances and readvances,vrith interest thereon,shall be sacured by this Oeed oi Tnisl At no Ume shall the �
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