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<br /> ' 7.Eminer►t Oomain.Lendet is hereby assigned all compensation,ewards,damages and other payments or retief (hereinafter'Proceads°i , ,�•., � ` _--
<br /> in connscttan with candomnatlon or other takinp of tho Property or Dnrt theroof,or for convayance in lieu of condemnatiort.lender shail • , . �
<br /> teken ar dems9ed,Lender shall havo the option fn ita soio and absotute dlscrotion,to appty etl such Proceeda,after deducting tfierefram . . - _
<br /> • CPail east�and expenses incuned by it tn connoctlon w�th such Proeoeda, upon any indebted�ess sscured hareby and in such ordar as . ,-°-��
<br /> N.ender mey determino,or to o�piy nll sueh Procends,niter euch deductlans,to tlio rostorotion ot tho Propeity upon such wndkions a� . •.-
<br /> �Lender may determirte.Any epplicAtlon of Proeac��to�rtOebtedno�9 nhntl not oxtnnd or posipono tho Qua dnto ot any paymente undctr : �,,--
<br /> , �he Note,or eure any de}nutt theroundcr or hareundot.Any unoppAad tunds ehall bo 00�to Truator. _ . ,�
<br /> .� 8. Perfarmanco by Lend�r. Upon tho occurrenca o1 an EvQnt of flofauit horoundet, or if any oct ia takon or Iega1 proceedtng
<br /> i �ommenced which matarialTy aifecto Lundnr'a Intaro�t�n tho PropaRy.Landcr mr►y In fto own d�scrotion,but without obtigadon tn do sa, • �,_
<br /> ' � �and without noilce te or damnnd upon Truator and without ralaasinp Trustor from any obiipation,do any act which Trustor has agreed • � ..,
<br /> ` �but fail�to do and may aiso do eny otAer ect it decma neeeatesy to protect the security hereoi.Trustor shall,immediatety upon demand , _,_f��
<br /> �tharetor by Lender,pay to Lender all costs nnd oxponsos ineurrad and oums expendod by Lendsr In conneCtion with tho e�cercise by � . ,
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<br /> ' Lendet of the foregang rights,togothor with intoreat t hercon at tho dofault rete provided in the Noto,which sholl bo added to the _
<br />-- •-; j i�debiedness secured heteby.LenGc�r shalf nat incur 3ssY ftabilitl►CetiBUefl 4f afiY�hing it may do or omit to do hereu�der. _ , ._ ` -�-
<br /> � 9.Ha=ardoua Matertals.Trustor shafl keep the Property in complianco�nith all apPlicable laws,ordinances and regulations relating to T,� ,
<br /> industrial hygisne or environmental protectlon Iwltectively refcned to herein as'Environmontal Lews'!•Trustor shall keep the P'�PettY �.Y__
<br /> . i free from all substances desmed to he hazardous or toxic undat any Environmental Laws Icollectively referted to herein es'Hazardous �_ ` -.
<br /> � Materials°l.Trustor hereby warranis and represents to Lendor that there are no Hazardous INaterlal on or undet the Property.Trustor . ., .�:�
<br /> ! hereby agrees to indemnify and Aotd harmlese Lender, its directors,officets, employees and agents, and anY suceessora to Leader's . �;;
<br />--- - i�teresc.fram and against any and aU claims,damages, loases e�d Iiabilities adsing in connection vrith the presence, use,disposal or _ l . ".��•' i
<br /> transport of any Hazardous Materiats on,under,from or about ths Property.THE FOREGOING WARRANTIES AND REPRESITYTATtONS, - ��; - .��.
<br /> AND TRUSTOR"S OBLIGATtONS PURSUANT TO THE FOREGOINti INDEMNITY,SHALL SURVIVE RECONVEYAPiCE OF THIS DEED OF • - "'"`«.:.m-�
<br /> . TRUST. '
<br /> � 10.Asstgnment oi Renta.Trustor hereby essigns to Lender,and grants Lender a security interesc in.al� P�eser►t,future and after �`�1�`�a'
<br /> ' rising rentfl,issues and profits of the Property;provided thet Trustor sha0,until the occurrence of an Ever►t of DefauR hereunder,have . ,.c"-m��r� -_
<br /> tfie right to coltect and retein such rents, ie�.sues and profits es thay hacome due and payabla Upon the occutrence of an Event of , ,�
<br /> �.-1 Defautt, Lender may,either in person or by agent, with ar without bdnging any action or pmceeding,or by a receiver appointed by a � -
<br /> 'r�� court and without regard to the adequacy of its security, enter upon and take possession of the Praperty,or any part thereof,in ite own � �
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<br />' ,����� name or in the name of tha Trustea, and do any acts whicii a deems necessary or desirable to preserve the vatus, marketability or . ��
<br /> rentahiscy of tha Properry,or any part thereof or interest therein,or to increase the income theretrom or protect the securtry hereof and, ,}_q`_
<br /> :' with or wfthout taking possession of the PiropeRy,sue for or oYherwise cniteci the�ents,issues and profits thereof,inetuding those past ( , �..��
<br /> � due and unpaid,by notifying tenants to make payments to Lender. Lender may app(y rents,issues and profits,less costs and expenses , -
<br /> of operation and collection inctuding attomeys'fees,to any indebtedness secured herehy,alt in such order as Lender may defermine.The ��,,,,'�',- ,��
<br /> � entering upan and taking possession of the Property, the collection of such reMS. issues and profrts,and tha applicaUon thereof as .
<br /> � '..,�, aforesaid,shall not cure or waive any defauft or not(ce of defauft hereunder or invalidate any act done in response to such defeuft or �.;�
<br /> pursuant to sucfi notice of default and,notwithstanding the continuance in possession of the Property or the wllection, receipt and .� -� _ __.
<br /> ' issues ot rofrts Trustee end Lender shall ba entitted to exercise every right provided for in any of the Loan ..s , • a-�i�`.;;.f ax,
<br /> appG:�ion of rems, P ,..
<br />' ' Instruments ar by taw upon occunence of any Event of Default,including wichout limitation the right to exercise the power of sale. --�5,: . R:•
<br /> �. . i Further, Lenders rights and remedies under this paragraph shall be cumulative with,and in no way a limitation on,Lenders righta and �:;, _�� _
<br /> , �;� remedies under anv assignment of leases and rents recorded against the Property. Lender, Trustae and tha receiver shalt ba Uable to y;: . ,
<br /> • -�:r account only for those rents actually tece(ved. �,•'�� ' �
<br /> • `�e'� 71.Evanta of Default.Tha foltowing shall constitute an Event o!Oefauft under this Deed of Tnut: ����'' .
<br /> � {�Faiture to pay any installment af prfndpal or interest of any other sum secured hereby tivhen due; o��'��r .;j �
<br /> • (b)A breacb of or defauft under any provision contained in the Note,this Deed of Trust,any of the Loan Instruments,or any �•?!-: i,� ' �•
<br /> , other Uen or encumbrance upon the Property; �. ;�
<br /> (c)A writ of exeeution ot attachmant or any similar process shall be entered against Trustor which shatl become a tie�on the ��I !�: �. �
<br /> Property or any portion thereof or tnterest therein; . 't '�
<br /> (�)Thare sfiaN bo fitad by ar agts;nst Trustor ar Borrativ:.r :n actian ussdor any prqent or futuro tedera6 state os other statua,law ;�
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<br /> � or regutatlon retating to banhruptey, insolve�cy or other relief for debtors;or there shatl be appolnted any uustee, receiver or ��Y ��� �
<br /> � liquidator of Trustor or Bonower or of aIl or any paR of the Prapeny,or the rents,issuas or proflte thereof,or Trustor or Bortower ��`��-' ��'
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<br /> shalt make any general asslgnment for tha 6eneflt of ereditora;
<br /> � (e)The sato,transter,lease,assignment,conveyance or turther encumbrance ot aIl or any part af or any interest In the Property, ,:�%�
<br /> � e8hor votuntarity or Involuntarfly,without the express written consent of Lender;provlded that Trustor shall be permitted to oxecute �
<br /> . a lease of the Property that does not contaln an option to purchase and the term of which does not excead one year, �`� � �����
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<br /> (f) Abandonment of tha Property;or .._ �.��:`=.'-
<br /> (g1 If Trustor Is not an indivldual, tha Issuanco, sate,tranafer, assignment, conveyance or encumbrance of more th� Gf a ---- -__�_� ,
<br /> caroration)a totaf ot porcent of its issued and outstanding stock,or(if a partnership)a total of�pe«ent of ���� �:_
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<br /> partzarship interests,or a mked Iiablllty company)a total of H�A percent of the limited lia6itity company nterests or voting '•�a�--�—_�
<br /> dpAts during the perbd th(s Deed of Trost�emalns a 11en on the Property. •�'-�"'-��'
<br /> 12.R�m�dlas;AcealeiaHon Upoa Ostauft.In tho event of any Event of DefauR Lender may,without notice except as requlred by law, �.
<br /> " declare all indebtedness secured hereby to be dae and payable end the same shatl thereupon become due and peyable wtthout any ' � ��
<br /> preser�ment,demand.Protest or noilce of any klnd.Thereafter Lender may: �����r.-•'�-� •� -=
<br /> � � (a)DBmand that 7rustee exercise the POWEfl OF SALE granted herein, and Trustea s`�all thereafter causa Ttustofs lnterest _���„r;s--,_.,.:.���___
<br /> � i�the PtopertY to 6a sotd and the proceede ta be distributed,all in the manner provided in t+:s Nebraska T►ust Deeds Act: ��S'?�, ';t:. '� •
<br /> (bl Exercisa any and all rlghta provlded fot in any of the Lflan Instrumenta or by law upon occurtence of any Event o't ,T;.. �„ __ ,
<br /> � Default;end . �
<br /> [c)Commortce an action to toreclose this Deed of Trust aa a mortgage, appoint a recelver,or specifically entorce any of the ,,�';�+:�������`�"�
<br /> covenants hereof. �'`'�"°'��°te.
<br /> No�medy heretn conferred upon or reserved to Trustee or Lender is intended to be exclus;:3 of any other remedy here::�, ln the Loan . • . . _
<br /> • Insi.:.�menis or by law provlded or permltted,but eacn shall be cumulative,shall be in eddition to every other remedy given hereunder,in . ._ _ _ _.
<br /> the Loan Instrumenta or now or hereafeor exlsting at law or in equity or by statute,and may be exerctsed concurtentty,independently or .- . r��- - �
<br /> ' successively. '������
<br /> 13.Ttust��.The Tru�tea may rasipn et eny tbna witAOUt cause,and Lendar may at any time and without cause appoint a succssscr . . . , -�"�'`�'•�
<br /> or substltute Trustee.Trustee sha0 not be Iiabte to eny party,lnduding without tlmitetlon Lender.gortower,Trustor or any purcht�ser of . : �.
<br /> the Property, for any loss or damage untesa due to raektoss or willfut misconduct, and ahall not be requtred to take any action In • � -
<br /> � ' connectlon whh the entorcemont of thls Ooed of Trust unless indemnified,In wdting,for all costs,compensation or ex�:sws whlch may � �
<br /> � be assoeiated therewltfi. In addition,Trustee may bocome a purchaser at any eate of the Property Qudlcial ar under the power of sate . • �..
<br /> granted hereln);postpone the sate of all or any portion of the Property,es provided by law;or sell the Property as a whote,or in separate .. .
<br /> � parcels or lots at Trostee's dlscretlon. �
<br /> 14.Fe�s and Fa�pansaa.In the event Truatoe sells the PropeRy by exercise of power of sate,Trustee shall be entitled to apply any sale •
<br /> proceeds ftrst to paymont of atl costa and expenses of exorclsing powe►oP sale, including all Trustee's tees,and Lenders and Trustee's .. '. � ' _
<br /> � attorney's fees,actuatly incurred to extont pormittcd by appllceble law.In the event Borrower or Trustor exetcises any rlght provided by _
<br /> � Iaw to cure on Event of Oefault,Lender ahall be entitled t� �ocover from Truator all costs and e�cpenses ac2ualty incurred as a result of , _
<br /> • ' Trustor's defautt,ineluding without Iimltotton alt Trustae's and attorney's fees,to the eMent p2rmitted by applicable law. F-._°•
<br />' 16.Future Advencea.Upon reQuest of Borrowor,Lender may,at its option,mnke additiona�and future advances and readvances to �
<br /> Borrower.Such advances end readvancos, with interest thereon,shatl be secured by this Oeed oi Trust.At no time sha{I tho prinapal =
<br /> amount of tho indobtedness sacured by this Daed o}Trust, not�ncluding sums advanced to protect the sacurtty of this Deed ot Trust, . . � '
<br />. - �•- exceed ine originaf principai amount atoted'nora�n,or 8 ei5.ooq.on ,Wh:ahevst s g!e228r. _ . .. � � , ' _ �-.,_
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