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<br /> •Pmoeeds7 in onnnection�vitn oondemnaflon or otttev taking ef the Pmperty ar part theteot.ur Rsr�m�to in heu n�ROn � t
<br /> � Len der s t t ffi I b e en ti t�e d a t i t s o�ti o n t a o o m m e n o e,a p p e a r m a rt d p ro s e a i t e i n i t s o�v n o 3 m e a n y 3 d►o n o r�o c�e di n g s.and�SaD otso .. .- ` . .
<br /> � �• ' pe entitied to make any compromise ar setttemert in oonreecUOn�hM such takireg or damage.in the e��ent ary pas�an u!th�Rre�eAy�s L. ,
<br /> - �°f`� • ' . so taken ar damaged.les�de�shall have the option in its sote and absotuDe disae�on.to aPP�Y 311 suc��procaeds, aRer�iedu�r.g : - _ -
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<br /> � , ' � � therefmm at!oosts and expenses inwsred by d in connecNon with su�i'mceects,upon any inde0te�dness sacuned hereDy 3nd in suzA . �
<br /> " - `� � order as Lender may determfne,nr to apPly ell sttcA Ptooeeds.after such deductions,to Me restoration of tha PmpeR�r upon sucl�oa�►- �".
<br /> . .`,'.r t'{ . . _ :.
<br /> i; i diu'or�s�Lender rteay detertnine.My apPliestion of ProceeAs m indebtedness shati not extend or pos�onu Uxt duet date oi nnY�y- .
<br /> _ : •:x.` t ments under the PIoLe,or cu�any defautt thereurtdev or I�e�eunder.Any unappiisd tunds sAafl be paid to Tn►stor , ��`�,` `��:
<br /> , , J a Pe���py��e��pfln ths xamenoe af an Event of Oefautt heneunde�.ot d 3ny e3ct is Q�ken o�togal prtnceeal�mJ , • `.��;
<br /> T • ' ;�� `��:•,� comraenoed�vhich materiatty affects Lender 5 inter+est in trte Prope►ty.Len6er may in its ouvn d�scn�tEon.bu!�out uDiig3tian to do sr. '��.-, ,�`.: �t:'•. _
<br /> and withaui notice to cr demand upan Trustor and without releasing Trustar fcom any oDligotioR,do any act tvl�tc���vstor has�g�ocsd �. << L
<br /> _..:�- : j but fai{ed to do and may alsa do any other act it deems neoessary to profact tfle secunry hereof.Trustor s�s4. +mmedi�t�tly upon �`,. ,` '.
<br /> _ ,.-=� d8mand thet�f�u?�;,�•,�r.F�Y��j e!1�psts and expengas incumed end sums expended dy LendQr in uoane�x��un with tttce�zer- _
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<br /> , f,, :r.,�.4 ; CtiE fly L@RdBf Of tha fo.-egring rignts.tagetner with interest Mereon at Me defautt�te prov�ded in the IYate.which si�a0 bo nddnd tu
<br /> � ,.� �e�debtedness secured Re;aCy.Le.�der sha9 not incur any habitiry hecsuse of onythireg d may do o�am�t to du horcundar ",} ;,. .
<br /> ,�`• . '. t y.Flazardous AAate►isis.TrusOOr�ait keep tAe Pmperty in aomptiance�vith a1i apptica�te taws. ord�na�ces nrtd mfaulatio�s� ' . .
<br /> ��"r'�,'�.� - retaUng to induslrial hygiene oc envirvnmental pmtectinn(coUecxively refened to herom cis'Env�ronmerttal Lnws'1 TrusWr sn:�U krrp .•.
<br /> � � the Property free fiom all substances deemed to be hazardous or toxic undor any Enwromm�nt:il Lc�ws(�blluctivury n�irrn+d A�hc�re�n � t
<br /> � � �� �� as'Hazardous Materiats').Trustor hereby warrants and represents W Lende�lhat thQtu atc�nu H�:�ntuus M.itunals un ar undar Utd _
<br /> � property.Trtistnr hereCy agrees W indemnify end ho[d hsrmtess Lertder,its directors.officnrs.omptoyeios end agants,c�nd any suCCes- '` t�•�� ��
<br /> • so�s w lertders interest,tram and against any and att daims,damages,iosses and tiaDl�ities arising In cannacUon witt�tRo proaanco. , .. _
<br /> use,disposal or transpoR of any Hazarcous Materiats on,under,irom or ubout the Pro{.wrty.THE FOREGQiNG WARRANTIES ANO � �- _. ._
<br /> - . ' � .'� REPRESENTATtONS, AND TRUS70R'S 06LIGATION5 PURSUANT TO THE FOREGOING INDEMtdITY.SHALL SURVWE . _ 5�,_,.
<br /> ' '` . .�'_ � RECOMIEYANCE OF TFl1S OEEO OF TRUST. . .='_
<br /> .. . • . 10.Asslgnment of Renffi.Trustnr hereby asstgns to Lender,and grams lender o socunry mturoat In.all pmsent,taium c►nd � _
<br /> '. '. �,, after ansmg renLS,issues and profits of the P�operty:proviQed thut TrusOOr sfinll,untlt tho occurconco at an Evcmt ot Qafcfult,horouncter. � `��_
<br /> � � nave the ngM ro ccllect and retain such rents,Issues and pro6ts as they beoome duo and payabto.Upan tho occurte��o ot nn Ev�nt u! + • �g
<br /> . ' petauft.Lender may,either in person ar by agent,with or�nnthou{bdnging ony ectton ar proc�oodmp,or Dy t�rocalvat appolntc�Dy a '��k,.���`'_��
<br /> • • » �• oourt end without�egar6 W the adequacy oi ib sewcity.ec�tar upo�►and take possesston o!tha Proporty,or uny pAri thomot,In its o�vn �. .�' ��;_�
<br /> " � ''-�" name or in the nams of the Trostee,and do any ects wMeh it deems neoessary or desia��Oto to proserrvo tho vntup.moH►atnbllity ar ��'- �� " '�'-
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<br /> ;; . • • rentaDiliry oi the Property,or any paR thereof or interost thereirt,or ta increaso the Incomo thorofrom or protoct tho socuHty hnraoi and. ' ,' � . �
<br />- • , , with or without taking possession oi the Proporty,sue br or othervvtse coltect the rents,tssufls nnd proflta Mert3ot,includin�thaso pns! �;:,�;�._ ;
<br /> • • due and unpaid,by aodfying tenants to make payments to Lendec Lender may appry ronts,fssuos nnd protlts,luss r.asta nnd oxpnns-
<br /> • �-•��-� es ot operadan and oottection Includ►ng attomay's fees.to any inde�tedness sacurod horoby.nll In such ordor as lundor moy dotdt• .:.��1 �.-���;
<br /> � �� 'r� mtne.The entedng upon and taking possesslon oi Me Proparry,the coltectlon oi such ronts,lssuas nnd proflb,and tho appllct►tlon �� • ,�<
<br /> .. tAereof as afnresald shall not cure or wa[ve any defeult or nottce oi default heroundor or invalldato any act dono in rosponso to auch � 6=��
<br /> - detautt or pursuant to such notice ot defaull and,notwithstanding the condnunnce In possossion oi tho propoRy or tho aittoctlon, ;. "�;`-'�'�
<br /> ' reoeipt and application of rents,issues or profits,Trustee and lendor shall bo onqNed co oxorolso ovory ttpht providud for In any n1 tRO ;"' �,••,,i:::i�:
<br /> • � Loan Instniments ur by!aw��occurrence o1 any Event oi Oetault,inGuding wlMo�t€^�tt�tlon tho dght to oxo�elso Mo powor ot a�la. •<:;:�'�_
<br /> ' .�. r Further,Lendefs rights and�edies under this paragraph shall bo cumulativo with,and In no wpy a IlmitnUOn on,Lnndor'8 Hphta n�A ' ,,. , ,-;=-
<br /> � ' remedies underarty assignrtaent pf Ieases and rents reoorde�d agafnst the Property.Londar,Trustoo and tho rocalvor chnll bo Ifnbto to �,���.;�:
<br /> � , aocount onty for those rents actually recelved. l�
<br /> 11.Everns at Qeta��The fo!!ow(ng shall consGtute an Evant ot Dutaull under c4�!s Ooud oi Trust: • �
<br /> :... :.. ..�.
<br /> '-'�,' �� (a)Feiture to pay any instaltment a(pdnclpat or interest or any othor eum sQared horoby whon duo: �.;� -••.:. ����
<br /> . �� �_J (b)A breacb ot or defauli under any provlsion conlalned In the Noto,thls Qeed ot 7rust,any of tfio Loan tnstrumante,nr ctny ���i
<br /> ' other Iten or encumbrance upon lhe Pcoporty: '��`'
<br /> , k5.;:-
<br /> • (c)A writ oi executlon or attachmant or any similar process ss�.ol�t�e oMorod oaalnst Tn:stor whlch RhoN bncomo n Ilon on . �,.�',.,.�
<br /> �• the Property or any poNon thereo}or Interest therein;. ���"��`�
<br /> �"!',': . � . (d)There shall Ca�ted by or against Trustor or Borrowot en actlon under any prosont or Wturo fadoral,stato or othor atntuto, ��'=r_
<br /> "�-' � �� law or regutaUon re�a�r..g to bankruptcy,insotvency or othor retiot tor debtora:or thoro oholl bo nppolntnd any trusfoo,rocotvor ar � :..�r.
<br /> Uquldator of Trustor es 0orrower or ot all or eny paA ai tAe PropeAy,or tho rontt�,lssuos ot pro0b thotoOt,or Ttu3tor ar Bormwor �; .,.
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<br /> �'?� sha11 make any general asslgnment.'or the benefit oT creditors; ��
<br /> ``,�,. . � _ (e)The sale,transier,lease,asslgnment,ccrnoyAncv or fuAhor oncumbrAnco o!nll or any paR of or ony intoro3t In tho •,, .+,%-°�=
<br /> � Property,either volurttar:ty or Involuntorily,wlthout the express written consonl ol Londor,provldad tAat Trustot shnll bo purmit• -
<br /> � .� , ted to execute a fease of G�n��wa���+ti�et daes not contaln an optlon to purcfiaso and tho torm oi whlcA daos not axcnad onn •
<br /> • . year. . .,
<br /> `,� •. . (�Abandanment ot the Property:or '. , --
<br /> � (g)II Trustor�s not an indivlAual,Ihe�ssuance,sale,transfor,osstgnmont,wnvoyonco or oncumbranco n1 mnru than(It o ,
<br /> � � oorporatlon)a totel of percent of its Issued and outstanding srock,ot(it a partnarshlp)n totnl n1_ �por• , ,
<br /> . � � • cent of paRne►shtp interests,or(it�Bmlted Iiabiliry company)e tafal 01_._,,, _porcont of thu Umltod�labltlty compa• . •,
<br /> ny intarests oi vaUng rights during the pedod ihls Qaed of Trus!remalns o lion on tho propoAy. . �
<br /> 12.Remedtes;Aeeotor�tlon Upon Dofaut�In.t�e ovont ot any Evont ot Oofault londor may,wtthout noGco oxeopt n�roqulrod .
<br /> � , by law,declare ell indebtedness secured hereby to be due and payabto ond tho eamo ahall thoroupon bpcomo Quo pnd payabto wJth• � : •
<br /> out any presentment,demand,protest or notice o1 any kind.Thoroaitor Lundor may: ,
<br /> • (a)Demand that Trustee exercise the POWER OF SALE granted horoln,and Tru�too sholl thoroaftor cauuo Trustnr'a Intor• ,
<br /> , est in the Property to be sold and tho proceeds to bo distributod,all In tho mannor provldnd In Iho Nobraako 7�ust Ooads Acl; � � . .
<br /> (b)ExerGse any and alt rtgAts provided tor in any oi tho Loan tnstrumanW o�by law upon occurronco ot ony�vont ot •, .
<br /> Defaull:and . �
<br /> . � (c)Commonce an action to faroclose Ihls Dood o1 Trust ns o martgapo,flppolM n rocotvot,er npnr.Iticnlly�nta�.�ony e11he .
<br /> �, covanants hereot. �
<br /> .::�'" No romedy herein conterred upon or rosarvo0 to Trustao or Londet t�intandod to Go oxGusivo at nny�thor ramady h�roln,in Ihn Luun .
<br /> Instruments or by law provldod or permltted,but vach shall bo cumutativo,shatl bo In uddition tb ovory athor r�mody Ulvon horaundot,
<br /> � � In!ho Loan InsUuments or now or horoaiir�r oxisdnD at!aw or in equity or Cy atatuto,�nd mny bo axarc�saA cancurrnntty,lndnpnndontty . : .
<br /> . �. � or succesivaty. .
<br /> 13.TniatQe.Tho Trustee may resign nt r�ny Umo v+ithout causo,and Londur may t�t any umo�nd wlliiuut cau�o�ppulnt a nuG
<br /> :,•; � { cessor or substituto Trustoo.Trusteo sha11 not bo Ilabtn to any party,lndudlnp wlthoul limftnttvn Lund�r.8orrowur,Tru�tor or ony pur• '
<br /> chasor o1 tho Property,tor eny toss or damapo untoss duo to rocktoss or witltul miscvnduct,r�n0 el►all nut ho tc���ulroU tn lallo mry FiCpnn
<br /> t in cannection with Mo enfareomont oi th�s Deed ot Trust uNoss indomnlflod,in wtttinp,tor o;l w�ts,wmpon�salion nr uxpun�u�vfiich ,
<br /> �:' . ' may be associated therewith. In addition,Trustoo may bocomo a purchnsa�ot any salo of tho Propaity�udicinl or�imtnr Iho pnwm ul
<br /> , _ . � ' . . • ' sato granted herein):postpona Iho sato 01 all or any portion of tho PrupoAy,as prov►dod by taw;�r sall tho i�rnpdHy�3 u vAinln,or�n .
<br /> - . � separate parcets or tots at Trustoo's discration.
<br /> 14.Fees mnd Exponsos.In thu ovoM?rustoo soBs tho Rroparty by oxorcfso�t pnv��r a1 nalo,7runG�n.hatl br�nntiUnd tn o�t�ry
<br />__ - � any sale proceeds 8rs1 to paymont ot all costs and vxpensos of oxarcising powor o1�alu,lncluding nll Trustoa'�►luuo,mid 1 cm�tor'o nnd
<br /> � .. Trustoe's attomey's taes, actually incurrnd to oxtont parmdtad by appl�cabto law In th�ovaM gurrn•r�or ur'I'ru�tnr ax�rclsnn cmy n{�hl .
<br /> . provided by law to curv an Evenl of Detautt.Lendar shall Go antdtod to rucovf�r frum lrustar all cw�to un�ox���m�uo sfctu:dty in�:rumd a��
<br /> � a rosult oi Trustor's defautt,mctuding v�ithuut limitatian aIl Trustno's r�nd atto►nay's(aes,to thU r�xtFmt►m�nutlud I�y n{��ticabtu I;iw .
<br /> � 1 �5. Futuro Advancoe. Upon roquest ot Borrwlar,londar may.at its optia!i,rnako�iddihun.►I nnd futu�u advanu���cind nr.�d• ,
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