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<br /> � ma[n.Lender ia hereby assigned att eompensation.awa�ds.damages a�d other paymants or reiiei(hereinafcer'Roceeds 1 ` ��f� �
<br /> . . 7.Eminent Do !'----s'� � .
<br /> .(. ' 2:'^. __ ...--.
<br /> in cannection with condemnatlon or otiver taking ot the ProDertY o�Part thereof,or far convayance in lieu of condemnation.Ler+der shall . r- „
<br /> � i. 3,. �
<br /> ' taken or damaged.tende►shsll have the option In fts sote and absotute disceeiion,to aDPiY att such Proceeds,after deducting therefrdm �` �-4 ;� ,�,
<br /> ` all costs and eapenses incurtecl by it in connection with such Proceede.�AO��Y inde6tedness sezured hereby and in sueh order as •.c `.
<br /> � ' Lender may determine,or to app1Y a��such Pmceeds,after sach deducttons,to the testorasion of the.Property upon such conditions as �' t .
<br /> � Lender maY Qetermine.My appliption of Proce@ds to indebtsdness sha0 nat extend or postpone the due date of any paymeMS under �
<br /> ° the Note,or cure arry defautE thereunder or hereunder.My unappGed funds sfiatl be patd to Trustor. ;
<br /> ' H. P4artormance by Lender.Upon the occurrenee of an Event of QsfauR hereunder, or'rf any act is taken or tegal proceeding , ��
<br /> • eommenced which materialty eNects Lender'e(nterest in the Property.Lender may in its own discretion,but without obiigation to Qo so, � ,�
<br /> and without notica to or demand upon Truator and without reteasing Trostor irom any obGgation,do any act which Trustor has agreed � ,
<br /> � put faiis m do and may also do eny othes act it deems necessary to protect the security hereof.7rustor shail,immedistely upon demand , .
<br /> �• � therefor by Lender,pay to Lender ali costs and expenses incurted and sums expanded 6y Lender in cannection with the exercise by ,,
<br /> � ~ Lender of tha toregoing rights,together with interest therenn at the defauft tata Dmvided in the Hote,which shatt be added to the . '-' , ;:. '�
<br /> indehted�esa secured hetebV.Lender shaii not incur any tiabiiity because ot ar�ything it may do or omit to do hereunder. _ , •
<br /> --- ��^� 9.Hamrdous Aftstertats.Trustor sha1S keep the PtopertY in compiiance witF►aU applicabte laws,ordinances and regutations relating to , R , °f.,, `;
<br /> ` • industrial hygtene ot environmental protection (collectivety referted to herein es'Env�ronmemal Laws'1•Trustar shaU keep tfie RePenY
<br /> • free hom all substanees deemed to be hazardous ot toxic under any Enviromnental lews(co�testively retetred to herein es'Hazardous _
<br /> ARaterialsry,Trustor hereby wartants and represents to Lender that there are no Hamrdous Mater�al on ar under the PropertY.Trustor , .
<br /> � " � hereby agrees to indemnify and hald harmless Lender,its directors,officers, empioyees and agents, and any successors to Lenders • . _
<br /> . interest,from and against any and aU ciatms, damages,losses and liab�ities arising in connection with the presence,use,dispossl ot t.. . : ,
<br /> . � . vansport of any FlazaMous Matariais on.under,from or about the Property.7HE FOREG01Nti WARRANTIES ANO REPAESENTATiONS. .';;� - . '"; __
<br /> AND TRUSTOA'S OHUtiATIONS PURSUANT TO THE FOREGOINO INDEMNiTY.SHCIL.!SURVIVE RECaNVEYANCE OF THIS DEED OF ` =��`
<br /> TRUST. T�--
<br /> , � 10.Assignmant of Rents.Tn�stor heteby auigns to Lender,and graMs Lender a security interest in,alt present,future and akar =._*�;
<br /> `� , =, rising reMS,issues and profits of the PropertY:provided that Trustor shatl,unti!the occurrence of an Event of Defauft hereundec,have _;,., -'��';
<br /> � the dght to collect and retain such tents,issues and profits as theY become due and payabfe. Upon tde oceurrence of an Event of :.�, '�, ; ...j, _g._�.
<br />. � DefauK,Lender may,either in person or by agent,with or without bringing any action or proceeding,or by a receiver appointed by a �� �.,�_
<br /> court and without regard to the adequacy of its security, enter upon and take possession of tha Property.or any part thereof,in tts awn . �_
<br /> ' aame or in the�ame of the Trustee, and do any ects which it deems necessH►Y or desira6te to presenre the vaiue, ma�lceta6ifrtY or - �.,�
<br /> rentabitity of tfie Piroperty,or eny part thereof or interest therein,or to inerease the income therefrom or protect the securitY heteof and, ,; . ..�--- - -
<br /> ' with or without taWng possession of the Property.sue for or otherwise coitect the rents,issues and profits thereof,inctuding those past • f," .,_-�-_
<br /> � due and unpaid,by notifVing tanants to make payments to Lender. LenQer may epplV rents•issues ead profits,tess costs and expenses ��.
<br />- - of operation and cotiection inciuding atiomays'fees,to any indebtedness secured hereby,all tn such order as Leoder may determine•Tfis •_• • - r�,-,_
<br /> entering upon and taking possession of the P►operty, the caltection of such rents, issues and profits,and the appticaUon thereof as � ��, � ���K:_
<br /> ataresaid,sfiaRl not cure or watva any default or notice of defauR hereunder or invafidate any act dona in response to such dafauR or � � ��{_'
<br /> � ' pursuant to such aotice of dafauft and,notwfthstanding the wntinuance in possession of the Property ar the collection,recelpt and . �: �;,� ;,,_as�
<br />" ' appiiqtion of rents, issues or pmfits, Trostea snd Lender shait ba entitted to exercise every rf8ht P�ovided for in any oi the Loan � .;�..�
<br />� � ��� Instruments or by law upon occurtence of any Eveot of Defauft,includ'mg without Iimitaiton the tight to exetcise the power of sale. _ ,_a
<br /> '< Further,Lenders rights and remedias under this paragraph shatl be cumulative with,and in no way a Umhation on,Lenders�ights ena _:�
<br />� —'j remedies under any assignmem of ieasea and rents recordcd against the F►aPe►tV• Lender,Trustee and the receiver shalf be liable to ���
<br /> "- � accouM only tor those rents actually received. , � �% �
<br /> •'� 11.Eventa of Oofa�t•The followfig shatl constitute an Event of Dafauft under this Deed of Trust: �� '�;��
<br /> : . .,� ,�. �,:?���-
<br /> (a)f•ailute tn pay any instatlment af princlpal or interest of any other sum secured hereby when due;
<br /> � " (6)A breacfi of or defauft uader any provision contained in the Note,this Deed of Trust,any ot the Loan Instruments,or any :^ :�'�,
<br /> ' � other Iten or encumbrance upon tha Property; . � � •�'-";
<br /> (e)A writ ot execution or attachment or any simiiar process shall be entered against Trustor which shafi become a Iten on the , "� �«••
<br /> - • - � PropertV or any portion thereof or interest thereln; _` � �'�..'-�
<br /> (d!There shall be filed 6y or against Trustor or Botrower an actlon under any present or future tederal,state or other statue,taw �% ' ���.�Y�.
<br /> or regutation reiating to bankruptcy, insolvency or other relisf for dehtors;or there sha�t ha appointed arry trustee, receh►er or � ,;,�:,-
<br /> , liquidator o}Trustor o�Bortower or of all or any part of the PrapeRy,or the rents,lssues or profits thereof,o►T�uStol OI Bof�oWei t. '„ ',;r-,�-�„^„.,.=.
<br /> shell make any general assignment for the benefit of creditora•, � - :`. =�=�r_•
<br /> . Y (e)The sale,transfer,lease,assignment,conveyance or funher encumbrance of all or any part of or any interest in tha Pcoperty, .;•.._. .,
<br /> � either voluntarlly or invotuntarily,wRhout the express written consent of Lender;provided that Trustor shall be permitted to execute ,.•�`^�,
<br /> " a lease of the PaopertV that does not contain an option to purchase and the term of which doea not exceed one year; . . . : :x;,
<br /> . � � . � Ifl Abandonment of the Property;or � •: , ��.�
<br /> � (gf If Trustor ia not an individual,tha issuance, saie,ttansfer, assignment, conveyance or encumbrance of more than pt a
<br /> � � corporation)a total of i.o peroent of lts iasued and outetanding stock, or pf a partnerahip)a total of u/A percent of . �-�r:-
<br /> � � partnership interests,or a �mited Iiabiiiry company)a total of N/A percent oi the limited(iability►company nterests or voting ,,
<br /> ���; rights durtng the pedod this�eed of Trost remains a Ilen on the PropertY. . ,
<br /> � 12.Remedtes:Acceferatlon Upon Qetauit.In the event of any Event of Defautt Lender may,without notice except as required by law,
<br /> dectare all inQebtedness secured hereby to be due and payabte and the same ahatl thereupon become due and payab(e without any _. , .
<br /> ' preaentment,demand,protest or notice of any kind.Thereafter Lender may: . �
<br /> • � (al Oemand that Trustee exercise the POWER OF SALE granted herein, end Trustee shail thereafter cause Trustor's interest .
<br /> ' � in the Property to be sotd and tfie proceeds to be distributed,aii in the manner provided i�the Nebraske Trust Ooeds Act; .
<br /> (b)Exercise any and all righta provided fot in any of the Loan Instruments or by law upon occunenee of any Event o1 �
<br /> Defauh;and .
<br /> (c)Commence an action to forectose this Deed of Trust as a mortgage, appolnt a receiver.or specifically ontorce any of the ,.:� .
<br /> • . � covenants hereot.
<br /> � No remedy herein conferred upon or reserved to Trustee or Lender is intended to ba exclusive of any other temedy herein, In the Loan ..
<br /> instrumenis or by law provided or permitted,but each shall be cumulative,shall be in addition to every other remedy given heteunder,io
<br /> � the Loan lnstruments or now or hereafter existing at law or in equity or by statute,and may be exerclsed concurrent{y,Independently or _. . , , .
<br /> . � SuCCessively. �
<br /> 13.Tnratoo.The Trustee may resign at eny time without cause,and l.endor may et any time and without cause appoint a auccessor
<br /> or substitute Trustee.Trustee shall not be liable to a�y party,inciuding without limitation lender,Borrowar,Trustor or any purchase►of
<br /> the Property, tor any loss or damage untess due to recklosa or �viiltul misconduct, and shail not be required to take any action in •
<br /> connecNon with tho en}orcement of this Oeed of Trust unless indemnitfed,in wriHng,tor all costs,compensation or expense9 which may ,
<br /> • bo associate0 therewith. in addition, Trustee may become a purchaser at any sato of the Property Gudicial or under the power of sale
<br /> granted herein);postpone the sale of all or any Dartion of the Proparty,as provided by law:or seil the Property as a whole,or in separate
<br /> parcels or lota at Trostee's discretion.
<br /> 14.Feea end Expenses.�n tho event Trustea sells tAe Property by exercise of power of saie,Trustee shatl be entitled to apply any sale .
<br /> proceeds flrst to payment of all costs and expenses o!exercising power of sale,including all Trustee's tees,and LendeYs and Trustee's -
<br /> , attorney's feee,actuatly incurred to extent pnrmitted by appiicable law.In ihe event Borrower or Trustor exerCises any right O�ovided by
<br /> � law to curo an Event of Defauit,Lender shall be entitied to recovar from Trustor all costs and expensos actually incurred as a resutt of
<br /> Trustor's de}ault,i�cluding without limitation all Trusteo's and attorney's fees,to the oxtent permitted by applicable law.
<br /> � 1b. FuturO Advanee9.Upon request of Borrower,Lender may,et its option,make additional and future advances and readvances to
<br /> Borrower. Such adva�ces and readvances, with i�terest thareon, shall be secured by this Deed o} Trust. At no time shalt tho principal .
<br /> � amount of tho indebtedness secured by this Deed of Trust,not inctuding sums advancod to protect the security of this Oeed of Ttust. i.
<br /> �� � . � exceed the orlginal principal amount stated herain,ot 9 sso 000 00 ,whlchevet is greater.
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