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<br /> ,� `� � `. •prooeeds�in connedion with oondemnaUon or other faking of the Propefty or part thereof,or tor corneyance in Geu of condemnation. �. `
<br /> .` � Lender shatl6e en2itted at its optton�o cammenco.aPpear in and prosecute tn iLs own name any action or proceedings,and shall atso �: ',:� .. . r�. '
<br /> � ' ` ' be enulied to make any oompromise or setttement in oonnection with such taking oe damage.irt the eveni any portion of fhe Property is �•�.
<br /> - -�- sa takBR�r dam��ed,lender sha11 have the oation in iis sflte and absolute d'�scxetion,to apply all suct►proceeds, after dedudic►g _ = t �
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<br /> � ' � therefram all costs and expenses inpmed by R in wnnecFton with such Prooeeds,upon any irtdebtedness secured her�Dy and in such •
<br /> � order as Lender may determtne,or to apPiy aU such Prooeeds.after such deduc8ons.to the resGnration of tde Proparty upon su�h can- _ . . ;.�-.
<br /> � , . • ditions as Lender may detertnine.My app¢catFon af Proceeds to indebtedness shali not extend or posq�one tAe due date of any pay- ;� ;`�, ,
<br />- �• ^ " ments under the Note,or aue sny defautt ihereunQer or hereunder.Arty unapptied funds shafl be paid to Tnutor. �';���-�:� �`�::
<br /> �• �,� S.PeAormanee by Lender.Upon the ocaurrenCe of an Event of Oetault hereunder,or if any act is taken or tegai prooeedrtg _
<br /> : . `� �' � oommenced which matedalty aKects Lendars interest In the Property,Lender may in its own disaetian,but without obiigation to do so. � �,�"�: ��' -_-
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<br /> �"-�.��� and without not2ce to or demand upon Trustor and vuifhoui reteasing Tnistor from arry abUgation,do any aet wt�icb T�sdor has agreed . - • • ,
<br /> �- s< —__ hut lailed to do and may also do any other act it deems necessary to protect the security hereof.Tnistor sha}I,imm�atery upon 4�� _
<br /> ' � demand therefor by Lender,pay to lender alt costs and expenses incur�ed and sums expended by Leader in connection with the exer �- -
<br /> ' . cise by LenQer of the foregoing dg?�ts.Logsfher with interest thereon at the defauft rata pravlded is the(Vote.whicfi shali be added tu . .. � ,.��u
<br /> � ' the indabffidness secuned hereby.Lender sha0 rtot incur any liabii�yr because at ar�ything ft may do or omit�o Qo hereunder. . . �
<br /> � 9.Hazardous G'FaLedats.Trustor shali Eceep the Property in compl'ia�ce witb alt appticatsle laws.ordinances and regu}ations • ; �
<br /> . _ ' • . retatir�tn industriai hygisne or envimnmental pmtedion(onllectivety referred to her+ein as'Ernironmental l.aws"}-Trustar shall keep ' .° -. -
<br /> •• .� ', t�:�: the Poeperty free from ali subshances deemed ta be ha7antous or Wxtc under eny Enviranmental Laws(caltec�ively refemed to herein � , _
<br />- � as'Hardr�dous Materiats7.Trustnr hereby warrants and represents t�Lender that there are na Ha�ar�eus Materiats on or under the _
<br /> < Properly.Tn�s[or hereby agrees tio indemnify and hold harmtess Lender,its ditectors,officers,empioyees and agerns,and any su�- , "� ti •��'.--
<br /> sots to Lender's interest,from and against any and alf daims,damages,Ioss9s and iiabilities arising in connecHon with the presence. , �''� '"`;��
<br />-- �. � �`- • � f use,disposal or bansport of any Harardous Matedats on,under,from or ebout the Property.TFlE FOREGOIHG WARRANTIES AND � :-t-
<br /> ` - � ` REPRESENTATIO{�[S,AND TRUSfOR'S 081lGATlONS PURSUANT TO THE 60REGOING IIVDEMNITY,SHALL SURVIVE � .�-_��;__
<br /> . RECONVEYMiCE OF THIS DEED OF TRUST. � ���:- "
<br /> � 1�.AssTgnf»eM mf Rerts.TrusOor heceby assigns to Lender,and grants Lender a security interest in;ail present,future and -_
<br /> - aRer arising rents,issues and prafits of the Prbperty:pmvided that Tnistor shaD,until the oocurrence of an�vent of Defautt,hereunder,
<br /> � � � � have the r€gM ta collect and retain such rents,issues and profits as they becoma due an d paya b le.Upon t he accurrence of an Event of °'4,`t_-:
<br /> _ • .. . . qefault,Lender may.either in person or by agent,wtth or wNhout bringing a�ry action or proceed[ng,or by a receiver appointed by a ___� -� _
<br /> • � � �-- oouR and wiihout regard to the adequacy af Its security,enter upon and take possession of the Property,ar any part thereof,in its awn N��:-`-�=-
<br /> �.:� name or in the name oi the Tnutee,and do any acts which it deems nec�sssary or desirable to preserve the value,marketabiCity or - __ _ _
<br />- renbbifiry of the Properly,or any paR thereof or iMerest therein,or to Increase the Income ifierefrom.or proUect the security hereof and. =�-��_:
<br /> ;� � ' � � with or without taWng possession of the Property,sue for or otherwise ccllect the rents,issues and profitts thereof,induding those past '"'�'�`
<br /> � ��� due and unpaid by notify'►ng tenants to make payments�to Lender.Lender may appiy rents,issues and profits,less oosLs and expens- '°���
<br /> :�� �� . es of operation and cottecHon inctuding attomeyrs fees.fi any indebtedness socured hereby.aJl in sucis order as Lender may deter- _,�r_�_
<br /> � mine.The entering upon and taking possessfion of the Pmperty,the collection of such rents,issues and profits.and t�e appfiqUon � ^�':.
<br /> ��� � thereof as aforesaid shali not cure or watve any Qefault or notice of default hereunder or invatidate arry ad done in response to sach " __
<br /> detault or pursuant W such notice ot Qefauit and,notwithstanding the contlnuance in possession ot the propeRy or tha oolteGion, -
<br /> ,;:,�.' °. receipt and appitcaUon of rents,Issues ar profits,Trustes and Lender shall 6e entltted to exe�ise every right provided for in any of the -
<br /> • . Loan Mstruments or by law upon occumence of any Event of Defauit inGuding wtthout ttm(taUon the dght Eo exercise the pewer of sate. __
<br /> •� Further,Lenders rtghts and remedies under this Paragraph shall be cumulative with,and in no way a Umitation on,LerMe�s rights and �<<��
<br /> '<� remedies un�er any assignment of ieases and rents recorded against the Property.Lender,Trustee and the receiver shail be liable W . '.'�--
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<br /> . � accouM only far those rents actualty recei�ed. .� ;,=�'
<br /> : . __, s_" 19.Events of Defautt The follow(ng shall consGtute an Event of Oefault under this Deed of Trus� ' ,�:<-_;'a.
<br /> • • . (a)Faiture to pay any instaiiment oi prindpat or interest or any other sum seoured hereby when due: , �.T�;,
<br /> � " � � (b)A breach of or defauit under any provlsion contained In the Note,this Deed oi Trusi,any of the Loan Instruments,or any � . . �;.:-
<br /> other lien or encumbrance upon the Property: � •�°
<br /> . (c)A wrii of axecution or attachment or any sfmitar process sfiali be entered against Trustor which shall become a lien on � •� �:=_
<br /> � �• the Property or any porGon thereof or interest therein; � , : --
<br /> +: �.. (d)There shail De filed by or against Trustor ar Borrewer an acGon under any present or future tederal.state or ot�er statute, _
<br /> ' � � law or regutatton relatfig to bankruptcy.insotvency or other relief far debtors;or there shall be appointed any trustee,rece(ver or � ���� °
<br /> �� IiquiOator af Trustor or Borrower or oi all or any part ot the Property,or ffie�ents,issues or profits Mereof,or Trustor or Bomower � • . -�-
<br /> • ' � ahaii make any general assignmen!for the benefit of creditors; • ; ' �� :
<br /> - - �. (e)The seie,transfer,fease,assignment,conveyance or further encumbrance oi all or 8ny paR of or any interest in the ,. � •
<br /> � � � , Property,either votuntarity or invotuntarily,without the express written consent of Lender,provided that Trustor shaU be permit- . .
<br /> � � t�Q to execute a tease of the Property that does not cuntain an opUon to purchase and the tertn ot which does nat exceed one � ..
<br /> ; year, � .
<br /> , _ (�Abandonment oi the Property;or •
<br /> . (g)N Trustor is not an indlvidual,the issuance,sale,Vansier,assignment,conveyance or encumbrance of more than(if a
<br /> ' corporation)a total oi percent of its issued and outstanding siock,or(if a partnership)a totai oi par-
<br /> ,. . cent of paRnership interests,or(if a limited Iiabiiity company)a total of percent oi the limited liabitity compa- . . ,
<br /> � ny interests or voting dghts duBng the period this Deed ot Trust remains a Ilen on the propeRy. .
<br /> • � �' 12.Remedies;Aceeleratton Upon Oefauit In the event of any Event ot Detauit Lender may,without notice except as required •• . •.
<br /> � ' by law,deGare all indebtedness secured hereby to be due and payable and the same shall thereupon become due and payabte with- . •
<br /> , ' out any presenbnent,demand,protest or notice of any kind.Thereafter Lender may: � •
<br /> . •, ,; (a)Oemand that Trustea exercise the POWER OF SALE granted herein,and Trustee shall thereaRer cause Trustor's inter-
<br /> � � est in the Property to be sotd and the proceeds to be distributeA,all in the manner provlded in the Nebraska Trust deeds Act;
<br /> � . � (b) Exercise any and ail rlghts provided for in any ot the Loan InsVuments or by taw upon occurtence of arry Event oi ,. �
<br /> • • �� Default;and ' '
<br /> � �_ (c)Commence an action to foreclose this Deed o!Trust as a moRgage,appoint e receiver,or speciflcally eniorce any of the
<br /> � covananls hereoL � �
<br /> - No remedy herein canferced upon or�eserved to Trustoe or Lender is Intended to be exclusive of any other remedy herein,in the Loan .
<br /> . instruments or by faw provided or permitted,but each shall be cumutaUve,shall be in addition to every othor remedy glven hereunder,
<br /> • in the Loan Instruments or now or hereafter existing at law or in equity or by statute,and may be exercised concurrentty,independentty • �
<br /> � ' , or succesively. � ' '
<br /> 13.T►ustee.The Trustee may resign a!any time without cause,and Lender may at any time and without cause appoint a sua
<br /> •• ' � cessor or substitute Trustee.Trustee shalt not be Iiabte to any parry,inciuding without limitation Lender.Borrower.Trustor or any pur-
<br /> chaser of the Property,tor any loss or damage unless due to reckless or williul misconduct,and shail not be required to take any action �
<br /> � � in connection with the eRtorcement of this Deed of Trust unless indemnified,in writing,for ail costs,compensatlon or expenses which '
<br /> ' � may be associated therewith.In addition,Trustee may become a purchaser at any sate oi the Property�udiclat or under the power o}
<br /> ,, sele granted herein);postpone the sate of ail or any portion of the Property,as provideei by law;or seii the Property as a v�hote,or in �
<br /> . separate parcels or lots at Trustee's discretion.
<br /> ' 14.Fees and Expenses.In the event Trustee sells the PropeRy by exercise oi povrer ot saie,Trustee shall be entiUed to appty
<br /> � . any sale proceeds first to payment of ail costs and expenses of exercising power oi sate,inctuding all Trustee's fees,and Lender's and
<br /> 7rustee's attomey's fees, actually incurred to extent permitted by appilrable taw.In the event Borcower or Trustor exercises any right •
<br /> _ � provided by law to cure an Event of Detauit.Lender shall be entitted to recover from Trustor all costs and expenses actuatly incurred as •
<br /> � a result ot Trustor's default,inctuding without limitation all Trustee's and attomey's fees,to the extent permitted by appticable taw. • .
<br /> - °- 1;, Future Advances. ilpor�regusst oi(icrroarec.Las:dsr m�y.a!i!s aption.sz�l:c�13itios�!and f:sSuse�frances and read- �-- - - - - -
<br /> � vances to Borrower.Such advances and readvances,with intorest thereon,shatl be secured by this Oeed o}Trust.At no time shall the .
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