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<br /> ` . 7.Emtnent Qomutn.Lender is hereby assigned ell compensation,awards.damages and other paymenta or reiiet(hereinafter'Praceeds') � c-�,`;_' :'.��,�•
<br /> � � ` in connectFo�wfth condemnation ar oiher ta7dng of tha Pmperty or part thereot,or tor convayance in Geu o4 wndemnation.Lender shall . . , .
<br /> . .. �< teken ar damaged.l.en8er sAall haae the optton In its sate and abso[ute dtscreNon.to aPph►a0 sueA Rraceeds,efter deduating tharefrom ' �_
<br /> -�, • � - •` �all eosts and expensea inarr�by it in oonnectibn with such Proeeeds,upon any indebtednws secured herebY e�d i�sueh ordec ae ;-t'r�� `,:r
<br /> ``� lander may detertnine,or to sypry sU such Froceeds,aftar such deduetions,to the rescoration of the Roperty uDun auch cond'�tions as � , .
<br /> . ' � . Lender may determtne.MY apPdcatlan of Praceeds to inQebtedness ehall not extend or postpone the due dete ot any paymems under . ;;� < � : `�
<br /> - • �the Note or cura eny deteuR thereunder or Aereunder.Any uneppQed Tunds shaU be paid to Tcustot. . .< `
<br /> 8.Pastormsnm L�Y Le�Qer.ttDon the occurrence at an Cvem of Detautt hereunder,or(f any act ia taken or tegai yroceeding
<br /> � ' �commenced wh(cl�matetisQy aftects LenQe�'s irsterest in the PtoPetty.Lendei may in its ovun disuetton.Dut witi�out abligaUon to do�o, � �� : -� ''r .
<br /> ' @�end without nodce w ar demanC upon Trustor end without►eteasing Tmsta�irom eny obfigation.do asty act which 7rustar haa agreed � ` ` ` .
<br /> � but faits to do end may a[so do any other act it Qeems necessary to proteet the sapuity hereaf.Trustor shail,tmmedlBtely upon demared '
<br /> " ,., + therefor Dy Lender,pay to tender aU casis and e�cpenses incurted and sums expended by Lender in Fonnectlon wiih t1�e exert�se by .
<br /> � � � �Lender ot the tarego(ng rights.toBether whh lnterest theraon at the detauh►ate pmvided in the Note,whicb shall be aQded to the •r �. r�
<br /> n°-'-�.�` �indebtedness securetf hareby.Lender shall not fncur any ilaDility because of anything tt may do or omit to do hereunder. �� �? y
<br /> � � `"�' `` 9.H�mdaua dlatesiels.Truator shaU keep the Property in compliance wrth afl applicabta taws,ordinances end regulattons relating to � .
<br /> ' + • indw�iai hygierte or environmemel protection(collecUvely�eferted to herein as'Environmentai iaws°►.Trostor sha0 keep the P�operty '� °
<br /> - � tcee from aii su6stances daemed to be hauudous or tox[c under eny Environmeraal laws leoUectivalY�eteRed to heretn as'Hazardous ,:� •� „
<br /> ; ` - « �� Materials'!.Tmstor herehy wartants and�c .esents w Lender thai there ara no Haxardous Material on or under the Propertl►.Tniswr _ •
<br /> - � �. -R here�y agrees to indemnHy and hold harmtesa Lender,lts directors,offleece, emptoyees and agerits, and any successors to LendeYs - =
<br /> ._ interest.from mid against any end aU claims,damages,losses and IiabTrties adsing in connectlon with tha presance,use.dispaeal or . ' ;,';. .• - :
<br /> , :� transpoct of eny HazarQous Materials on,under,from or a6out tbe PtopeRy.TNE FORE601NG WARAANTIFS ANO REPRESFMATIONS, ,, . ...�.J
<br /> AND TRUSTaFi'S OBLIQATIONS PURSUAI�T TO THE FONEGOINti INdEMNITY.SHALL SURVIVE RECONVEYAI+ICE OF THIS DEED OF
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<br /> a ' , TRUST. =-'+_
<br /> 10.{LsstgMeent of Resns.Trustor hereby assigns to LenQer,and graMS 1.ender a sesurityr interest in,etl present,future end efter £ -`
<br /> `,� -, rising�etns,issaes and profrts of the Property;provided that Tn�sior shatl.untl the aceurtence of an Event of Oefauh hereunder,bave 2"f i,-.°
<br /> • -��� the rigM to coltect and�etain such rents,issues and proftts as they 6ecome due and payable. Upon tha occurrance of an EveM of � _ _ __
<br /> Default.Lender may,ehher in person or by agent,wfth ar without bdnging any acdort ar proceeding,or by a receiver appoir�ted by a �, ,; �� -_-
<br />�•� , � . caurt end without regard to the adequacy of its security, entet upon and take possession of the Property,or any part thereot,in its own ,, �
<br /> ' name ar in the name of tbe TNStee,and do any acta which it deems necessary or desirabte to preserve the value,marketability or � �. _
<br /> . - - ,� rer►raLil'ity of the Roperty,or any part thereof or iMerest theretn,or to increase the incame theretrom or protect the security hereot and, ' .��
<br /> � � � witA or wiihout taking possession of the Property,sue for or otheruvise coltect the rents,issues and proTrcs thereof,Inctuding those past ' •�'�
<br /> '::r,,`` due end unpatd,by nottfying tenartts to make paymenta to Lender. Lendet may apply rents,i�es end profits,less costs and expenses ___
<br />_ � � �'�� of operation artd cottection induding attameys'fees,to any indebtedness secured hereby,eil(n such arder es Lender may detem�ine.Tlie -- __
<br /> � � �� � entering upon end taking possession of ffie Property, the coUection of sud� rents,issaes and pmftta,and the epplication thereof as -;,,' =
<br /> t•� atoresaid, sfiall rtot cure ar waive any detauh or natice ot defautt hereunder or invaildate any act done in response to such defauk or ` �:��_
<br /> - pursuant to such notics ot defautt end,notwithstanding the contlnuance in possession ot the Property or the coUeetion, recetpt and ' +�-'�F-
<br /> � appGeallon af rents,issues or profrts,Tcustee and Lender shatl be entitted to exercise every rigM provtdetf for in any ot the Loan }"`p i
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<br /> ..s;.�_. lnst�uments or by(aw upon oavrtence of any Event of Defautt,i�cluding wfthout Iirrirtation the dght to exerctse the power ot sele. `� r;,c�;�-
<br /> .- , ...--. Further,Lendar's rigfits and remedias under this patagrepn shall be cumulative with,and in no wey a limitation on,Lenders dghts and • ::- °'--�_=
<br /> remedies under any assignment of teases and rents recorded agafist the Ptoperty.Lender,Trustee and the receiver shall be Iiable to �.� ,. •��� �v
<br /> "; „ . ` account on(y tor those rents actuelly received. ' '��+-,--�-
<br /> _"� . t 1.Events ot Cefauft.The foRowtng shall wnstidrta an Event of Default under thia Deed of TrusC ° —
<br /> ,. • � (a)Falure to pay any Inatellmer�t ot pHncipal or irtterest of arry other sum secured hereby when due; "
<br /> , � Ibf A breach of or dafauh under any provision wntained in the Note,this Deed of Trust,any of the Loan Instrumerrts,or any ' _
<br /> • oiher lian ar encumbrance upon tfie Property; � -
<br /> ' ' (c)A writ of execution or attachment or any simiiar pror.ess shall bs entered agafnst Trustor which shali become a lien on ths ` `�"°"s�
<br /> � � Roperty or any poRion Lhereof or Interest therein; '' ����.
<br /> ` (d)There shall be tifed by or against Trustor or Borrower an action under any present or future federal,state or other statue,Iaw _
<br /> . ._._. _ or regufation�eleting to baniauptcy, insoivency or other relief for debtors;or there shall6e appotnted any ttustee, �eceiver or ' '
<br /> � ` liqaidatnr of Trustor or Bortower or of aQ or any part of the Property,or the renis,issues or profits thereof,ar Trustor or_Borrower • ���.�'�
<br /> �_ . " shall make any generat assignment tor the tienefit of creditare; � ��'���"�
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<br /> . � (e>The eafe,transfer,lease,assignment,conveyance or tuRher encumbrance of atl or any part of or any tnterest in the Property, <<� —
<br />- • either voluntarily or involuntarily,w3thout the exptess wrttten consent ot Lender,provided that Trustar shell be permitted to execute • • �.�'�:��'
<br /> � ' a tease of the Property that does not contain an option to purchase and the tertn of which does not exceed one year, � _
<br /> � � , (fl Abandonment of the Froperty:or � . � --
<br /> _ • � (g) ti Trustor is not an individual,the issuance, sata,transfer, assignment, conveyance or encumb�anca nf more than (ii e . � . �� ,�°
<br /> corporatlon)a totel of percent oi ite iasued and outstanding stock,or(H a partnership)a total of�/g�pereent of � _ �-�=-
<br /> i.''�• � partnership Interests,or e mfted Itabifity wmpany)a total of N�n percent of the 1lmhed lia4ility compan�r�terests or voting - �.'�-�
<br /> . . . rights during the pedod this Deed of Tmst rematns a lien on tha Property. . _�'"'_'
<br /> • . . 12.Rememes;AecoteroNon Upon Oofaut4.ln the event of any Event of Default Lender may,without notico exeept as required by taw, � �.� •"
<br /> � � declare all indebtednass secured hereby to 6e due and payable and the same shell thefeupon become due and payabte wfthout any °ti'• •`'-`•`"
<br /> � preserrtment,demand,protest or notice of any kind.Theroafter Lender may: '.
<br /> ��" � taI Oemand that Trustee exerclse the POWER OF SALE granted herein, and Trustee shalt tfiereafter cause Truator's interest ' . �•
<br /> ' • ' in the P�raperty to be aold and the proceeds to be dlstributed,all in the manner provided in the Nebraska Truat Deeda Act;
<br /> . � . (b)Exercisa any and all rights provlded for In any of the Loan Instruments or by law upon occurtence of any Event of ' ;
<br /> . � Defeult;end � �
<br /> � tcf Commence an aetion to toreclose this Deed of Trust as a mortgage, appotnt a recelver,or speciflealty entoree any of the �
<br /> . ' covenants hereof. . � ,,
<br /> � Na remedy herein conferred upon ar reserved to Trustee ot Lender is Intended to be exclusive of any other remedy hereln, in the Loan �
<br /> � Instruments or by law provided or permitted,but each shall ba cumulative,ahall be In addition to every other remedy glven hereunder,in � • ,
<br /> � �' � � the Loan Instruments or now or hereatter exlsting at Iaw or in equity or by statute,and may be exercised concurrentty,Indepondentiy or �� '.. �' -
<br /> . � successi!�ely. „
<br /> 13.Trustae.The T�ustee may resign at any time wlthout ceuse,and Lender may at any time and wJthout cause appolnt a auccessor
<br /> or substitute Truatee.T�ustee sha11 not be Itable to any party,Including wlthout limttation Lender,Borrowet,trustor or any purchaser of
<br /> , � the Property,for eny losa ar damage unlesa due to recktess or willtut misconduct, and shall no! be�equited to take any action in , . . :
<br /> connectlon witb the enforeement of thl9 Deed of Ttust untess Indemnliled,In wrlting,for ell costa,campen9etian or expenses whlch may
<br /> � ; be assoelated therewith.In addttion,Trustee m�y becomo a purchascr ot any sate o!the Property 1)udicial or under the power of sate .
<br /> - ! granted hereinl;postpone the sale of all or any poRlon of the Propeny,as provided bV faw;or sel!the Property as a whote,or in separate „ .
<br /> • ; parcels or lote at Trustee's discretion. �
<br /> • . 14.Feos and Expensos.ln the event Trustee setls the P�openy by exerclse of power of sate,Trustee shall be entftled to apply any sate • �_
<br /> • � proceeds first to payment of aU casta and expenses of exerclsing power ot sate,including all Trustee's fees,and Lender's end Tru9tee's `' �•
<br /> �• � attomey's tees,actuatty Incurred to extent permitted by applicable law.In the event Borrowet or Trustor exercisea any Hght provided by
<br /> � law to cure an Event of DetauN,Lender shall be entttted to recover irom Trustor all costs and expenses actually incurred as a resutt of
<br /> � Trustor's de}autt,inctuding wlthout Ilmitation a!1 Trustee's and attomey's fees,to the extent permitted by applicable law. .� �. ..
<br /> . , ` 15.Futuro Advaneos.Upon roquest of Borrower,lender may,at ita option,make additional and future advances and readvancea to •
<br /> • Borrower.Such advances and readvancea, wah interest thereon, shall be secured by this Oeed of Trust.At no time shall the principal
<br /> - � • amount of the indebtedness secured by this Doed of Trust,nos inoluding suma advanced to protect the securltV ot this Dood of T�ust, •� . �
<br /> � ' ' exceed the orlginal prineipal amount stated heteln,or 8 ses.oao.oo ,whiehever ia greater. � ' •
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<br /> � . , � tIBC30578 It�onagntulturo�Oacdl Rev 6�95 �. " �
<br />. . �. ' t988 Nanonu�Bank ol Commcrco tiust ond Savuvds assocwt�on.W,co��.Nab�eska � _ ,
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