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<br /> � � � . �8-°�C���s .._ ;s. .
<br /> . � 'Peoceeds7 in conr.edion wwiihh wndemnation or otper taking of the PropeRy or part thereoi,or for conveyance in lieu of condemtratioo. h;E �:">
<br /> " . � Lender shall be enGtled at its option to ccmmence,appear in and prosecute in its ouvn name any ackion or proceedings,and shali also ' `���� �
<br /> .- �� • ;t� be entitted W make any mmpromise or settlement in connection with sach taking or damage.In the event any portion of the Property i s ` _ a
<br /> � . so takeo or damaged,Lendar sha11 have the optlon in its sote and absotute discxetion,to appty a11 such proceeds, after dedu�tng ,
<br /> ' ` therefrom all costs and enpenses inamed by i!in cannedion with such Praceeds,upon anyr indebtednass se�ured hereby and irt sud► .
<br /> � � � � order as lender may detertnine,or Go appty all such Proceeds,after such daductions.to the restnration of the PropeRy upan such oon- � • , ` - ,
<br /> � � ditions as Lendar may determine.My appiicatton of Praoeeds to Indebtedness shau nat extend or postpone the due date of arry pay- . '. � •• � ,.��
<br /> � .:�`���' menis under fhe Note,or cure any defaul!thereunder or hereu.'►der.My unapplied funds shall be paid to Trusfior. <�; �
<br /> . _ 8.Per[omeanee by Leader.Upan the accurrence af an Event of Oefau�t hereunder,or if any act is taken or legal proceeding � � ;�.�`� .f�.
<br /> , � commenced whieh materialry affects Lender's interest in the Property.Lender may in its own discretiori,but without obtigation to do so. , ��' ,
<br /> :�_�,;..�_ and without notioe ta or demand upon Trustos and without re(eastng Trustor from any obligation,do any act which Trustor has agreed '_ `" ,
<br /> � �_T� but failed to do and may aiso do any othar act it deems necessary to protect the securityr hereof.Trustor shail,immediately upon 4 . -
<br /> demand thereior by Lender,pay W Lender atl costs and exQenses incutred and sums expended by tender in cwmectinn wiih the exer-
<br /> - ' cise by Lender of tho foregotng rights,tagether with ir�4eerest thereon at the detautt rate provided in the Note,wt�icb shall be added to ��k<.. .
<br /> ' - fhe indebtedness secured hereby.Lender strall not incur any liability bepuse ot anything it may do or omit tu do hereunder. Y � `` � ,;�,,�.
<br /> 9. H�ardous Materidts.Tnistor shail keep the Property in compliance wttb all applipbte faws,ordinances and tegWatlons �
<br /> � � � ; �:. re(ating t��ndustriai hygien�or environmental protectlon(colt�ectivvely�ferred to herein as'Envirortmeatal Laws�.Trustor shaA keep - =
<br /> : � � . ths Properiy free irom all substances deemed to be hazardous or toxic under any Environmentat Laws(collestivveti referted to herein . -
<br /> �. as'Hazardous Materials�.Tnistor hereby warrants and represents to Lender that there are nfl Ha�rdous Materials on or undar ffie
<br /> ; • . ' Properly.Tnisbor herehy agrees to indemnity and hotd hartniass lender,its diredors,officers,emptoyees and agents,and any succes- _.-� :-':
<br /> � � sors to Lenders interest,from and against any and ail daims,damages,tosses and liabilities arising in connec:tion with ffie presence. �-•�,,;_ ��_.. �`: _
<br />_ use,disposat or transport of any Hazardous Matertals on,under,from or about ttte Pnoperty THE FaREGO1M1IG WARRANTIES AND �� :� •;,.�.
<br /> - REPRESENTATIONS.AND TRUSTOR'S OBLIGATIONS PURSUANT TO THE FOREGOING INDEMNITY,SHALL SURVIVE '`�` �_.,_}�y_'
<br /> , RECONVEYIWCE OF THlS DEED OF TRUST. f,�.�_ � ::•�-�
<br /> . 1 O.A4slgnment of Rents.Tnistur hereby assigns to Lender.and grants Lender a security interest in,all presen�future and •. ' � :�P-:Y
<br /> . i after arising rents.issnes and profits of the Property:pravided that Trustor shat4 until the accurrence ot an Event of Defautt,hereunder. ""��:'" ^_r---_ --
<br /> �. � � have the dght w cuitect and retain such rents,fssuss and p�ofits as they beoome due and payabte.Upon the occurrence of an Event oi ��_
<br /> .. • Qefault,Lender may,either in petson or by agenL with or without bringing a�ry action or proceeding,or by a receiver appointed by a .��.�;.•' � .
<br /> ' ' � ' caurt and withou!regard to the adequacyr oi its seCUrity,enter upon artd take possession af the Properry,or any pan thereof,in its own , -- - - --
<br /> � . name or in the nams of fhe Trustee,and Qo any scts wtiich it deems neoessary or desirabfe to preserve the value,marketabitity or . - - ��
<br /> ' � , rentability ot tf►e PmpeRy,or any part thereot or intes�est theretn,or to increase the incame therefrom or protect tne security he�of and, '� ��
<br /> ' wlth or without taking possession of the Property,sue for or otherwise cot[ed the renls,issues and profits thereof,inc(uding those past ��'_.� -�-- _-�
<br /> � '` due and unpaid,by notifying tenants to make payments to Lender.Lender may appiy rents,issues and profits,tess oosts and expensr "`���-
<br /> � " .' es of operation and collec6on inctuding atWmeys fees,to any indebtedness secure0 hereby;all in such orsder as lender may deter- `' r``' �_,
<br /> , • , mine.The entering upon and taking possesston of the Property.the coitection of such rents,issues and profits,and the appt'rcation -
<br /> � thereof as aforesaid shail not cure or wane any defauR or notice of default hereunder or invatidate any act done in response to such .: ...,�� �
<br /> ' � default or pursuant to sucfi no6ce of defauti and, nolwithstandi�g the conttnuance in possession of the property or the coftection, - _ _--_
<br /> receipt and applicaUon of rents,issues or profits,Trustee and Lender shati be entlUed to exercise every right provfded for in any oT the ,, - _
<br /> � - Loan Instruments or by taw upon occurrence of any Event of Oefauit inctuding witimut limttation the rlght to exercise the pawer of sa►e. Y.�• ��-: '' _____
<br /> Further,Ler�e�s dghts and remedies under this paragraph shall�e cumulative wfth,and in no way a limitaUon on.Lendets dghts and • . ;;�_�. ,_
<br /> t remedies under any assignment of leases and�ents recorded against the PropeRy.Lender,Trustee and the receiver shail be liabte to ; • _`°�.
<br /> j account oniy for those rents actually recelved. °�'
<br /> . 11.Eventa og Oefautt.The foitowing shall const�utQ an Event ot Qetauit under this Deed of Tnist: ..V� "
<br /> �
<br /> --- � -'�-•; (a)FaNure to pay any instatiment of pdncipat or interest or any other sum secured hereby when due: ":. �.'�� -e.:;'
<br /> . (b)A breach oi or default under any proviston contained in the Note,this Deed of Trusf,any of the Loan Instruments,or any ' Y.,�:
<br /> ' . � � other tlen or encumbrance upon ihe Property; � .Y` '�-�.�
<br /> • • (c)A writ of execuUon or aitaehment or any similar process shali be ente►ed against Tnutor which shatl became a lien on ' . .?•%�.�
<br /> " .. the PropeRy or any portion thereof or interest therein; ' �. a�--'
<br /> , " (d)There shail be filed by or against Trustor or Borrower an action under any present or future tederal,state or other statute. � °�=
<br /> � •• , law or regNation relating to bankn,ptm,�,insotvency or other retiet for debtors:or there ahall be appointed any trustee,receiver or . � ;� `�°'`
<br /> � . Ifquldator of Trustar or Bonower or of ail or any paR of the PropeRy,or the rents,issues or profits thereof,or Tntstor or Borrower • �,�;:;,;
<br /> � � shall make any general assignment for the benefit oi creditors: . 'q=_'
<br /> � (e)The sate,transfer,tease,assignment,conveyance or turther encumbrance of all or any part of or any interest in the • . -
<br /> Property.either votuntariiy or invoiuntarily,without the express written consent oi Lender,proviQed that T�ustor shail be permit-
<br /> � � . , ffid to execute a lease oi the PropeRy that does not contain an opUon to purchase and the term of which doea nol exceed one • ,
<br /> , year, •
<br /> :. . . �. � (�Abandonment of the Property;or .�
<br /> � 4 (g)N Trustor is not an individual,the Issuance.sale,transfer,assignment,conveyancs or encumbrance ot more than(ii a �� •
<br /> • t � corporatton)a Wtal of percent of ib issued and outstanding sWck,or(ii a partnership)a total of per- ° �
<br /> � ., ; cent of partnership interests,or(ii a limited liabiliry wmpany)a total oi percent of the limited liabitity compa- . ' ',: -
<br /> ' J ny interests or vodng rlghts during the pedod this Deed of Trust remains a 11en on the properly. � • ;
<br /> � � } 12.Remedies;Aeeeteratlon Upon Qefaul� tn the event of any Event of Qefault Lender may,without notice except as requlred '
<br /> I�, ' by law,deGare all indsbtedness secured hereby to 6e due and payable and the sama shalt thereupon become Que and payable wlth- � .
<br /> out any presentment,demand,protest or noUce of any kind.Thereafter Lender may: _
<br /> � • � (a)Demand that 3rustee exerGse the POWER OF SALE granted herein,and Trustee shall thareafter cause Trustor's inter- ,
<br /> est In the Property to be sotd and the proceeds to be distributed,all in the manner provided in the Nebraska Trust Oeeds Act; •� .
<br /> � (b)Exercise any and all rlghts provided for ln any oi the Loan Instrumenis or by law upon occurcence ot any Event o! .
<br /> DetaulY and •
<br /> : ' (c)Commence an ac8on to forectose this Oeed oi Trust as a mortgage,appolnt a receiver,or speciAplly enforce any oi the •
<br /> � covenanSS hereoL � . �
<br /> � . No remedy herein confened upon or reserved to Trustee or Lender is lntended to be exGusive of any other remedy herein,in the Loan • •
<br /> InsVuments or by law provlded or petmitted, but each shail be cumulative,shati be in addition to every other remedy given heteunder, �
<br /> • . in the Loan InsVumenis or now or hereafter axisting at law or In equity or by statute,and may be exercised concurrerttiy,independentty
<br /> . � . or succesivety. �
<br /> 13.Trustee.The Trustee may resign at any time without cause,and Lender may at any Nme and without cause appoint a sua ,
<br /> .�� i Cessor or substltute Trustee.Trustee shall no!be Ilabte to any party.Inctuding without limitation Lender,Borrower,Trustor or any pur-
<br /> �1 chaser of the Property,for any loss or damage unless due to reckless or wiAful misconduct,and shal!not be requlred to teke any actlon • .
<br /> f in connection with the enforcement of this Deed ot Trust unless indemn�ed,in writing,for all costs,compensatlon or expenses which .
<br /> � may be associated therewith.In addition,Trustee may become a purchaser at any sale o1 the Property(judicial or under the power of • . .
<br /> � sate granted herein);postpone the sale ot atl or any portion of the Property,as provided by law;or seil the Properly as a whoto,or in .
<br /> ! separate parceis or lots at Trustee s discretion.
<br /> • � 14.Fees and Expenses.In the event Trustee sefis the Property by exercise of powor oi sale,Trustee shall be entitled to apply '
<br /> ' . ! any sale proceeds first to payment of all costs and expenses oi exercising power of sate,Inciuding all Trustee's fees,and Lender's and .
<br /> ' �1 Trustee's attorney's tees, actualiy incurred to extent permftted by appiicable law. In the event Borrower or Trustor exercises any right , �
<br /> • .� � provided by law to cure an Event oi Defauit.Lender shall be entitted to recovet irom Trus!or ail costs and expenses actual�y incurred as ' .
<br /> a result ot Trustor's de}ault,includfng withou4 limitation all Trustee's and attorney's tees,to the extent permitted by apptic8ble law.
<br /> ... 15.Future Advances. Uaon raquest of Borrower,Lender may,at its option, make additional and tuture advances and read- _
<br /> vances to Borrowec Such advances and readvances,v�ith mterest thereon,shall be secured by this Deed of Trust.At no time shall the f'—'—� .
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