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<br /> � , . ;1 ��8—�99s � DEED OF�3UST . �age a � . � =4 �
<br /> . . • `"! L,pan Ho 67@32i (Co�tinued� �. ���° �Q�i��� - -
<br /> together with eD renewals,e�eRSions,moddu�tlons.cefinandngs,and substiditions far the Note. ;
<br /> . persormf PropEtry. Ths wards'Re�sonal FropertY mean e11 equipmerd.fadures.and other artides ot personaF ProOertY rtow ar he�eaf�r . � �.
<br /> owned by Tnistor.end now or hereaRer attached or afttxed to the Reaf P►nPerty:tagether with eU aceesslons,Parls.aad add�ians t�.eD .
<br /> . p proceeds a retunds p�ums)iram�anyr�te ar atherpdsAOS�o�of tt�e PropeAy►. �Proceeds(inc►udng wilhcut Qmttation 8U ir�su►ance . ` ,
<br /> , � ' propeRy. The word'ProP�Y meatis Co¢eCtiveN the Rea1 ProDedY artd the P�so n&1 P ro p a d Y. ` _ .�` `
<br /> . Reaf Pto�►.The words'Real PropertY mean the propertY.�ts and dgRls d�ed aDove in ths Conveyanoe and GranY'sectton. � .
<br /> ' � Retafed Ocwmenta The words'Relate0 Oocume�5'mean and indude wflhout fimitation aA promtssary naoe�s,aedt a9reemenis,I�n • ,
<br /> - agresmer�.emlronmerdai e�eemerds.8uarantl�.secu�tY���+mortga8�,deeds of trus►.and au other Instrumerds.agreerrrems and . . .,.
<br /> - - documenis.wheMer now or hereafter existing,executed in connedion xrith the Indebtedness. _ -_ . . .-
<br /> _ - - ,-- Rertta The ward 93ertf�'means a0 present and future ra�Ss.�.1�.rssees.roYaltfes.Profits.and oth�4ene51s derived iram the _-_y._- -- -
<br /> _ � . ProPeAY• � ,
<br /> Trus288.The ward"Tnutee°mesns UMITEU I�RASKA BANK and eny substitute or sucoessor trustees. •
<br /> . • Trustot. The word'trusfor'means erry and a11 petsons and erfities ex�Wn9 this Oeed of Tn�st.tnduding wdhout Gmi�iton aU Trustors namBO _ . .
<br /> ` ehoVA. _ .. --•.s�... <. .��
<br /> 7H19 0�OF TRUST.lHCLUDIAIG TNE ASSIGNIIdENT OF CiENTS AdID 7HE �1TY IfJTEREST Itd 7HE R6�ITS AHD PFASOHAL
<br /> . > ' PAOP�iTY.fS GIVB�TO SECURE (11 PAYMENT OF THE II�IDIDTEbl1ES8 AHD (2)PERFORG9AI�IC�OF APIY AND ALL OBL[GATIOHS OF r .
<br /> ' " TRIISTOR UHDER Tt�F10TE,THE RBATED OOWh'�NTB.A!�THIS�F�D OF YRUQT. THIS OES1 OF TRUST. IMLiiJDilitO THE .-:,•.
<br /> ' ASSIGHN�7iT OF RQiTS AAID THE SECl1�IiY fNTEREST(N Tf�liENTS AIdD PERSOFiAL PROPSiTV.iS ALSO�31VE1�1 TO SEWAE ANV - -,.ss �e.d:;.
<br /> . AND ALL QBL!l3ATtONS OF TRU5TOR UA[�Si TWIT CERTAtN COPISTRUCTIOFI LOdN A(iRffMHQi BENdF.ElO 1RtJSTOR AOID LB�IDBi OF
<br /> ,� � EVFl1 DATE F�iEW1TH. AHY EUEt�T OF OEFAULT UNDSt Tt�CONSTRUCT[OH LOAN AGREEMENT. OR AMY OP THE RHATED • "ys
<br /> i:� ' OOCUAIfENTS REFEER�TO TF�H.SHALL ALSO 8E AM EYENT OF DEFAliLT Ut�ER 7HIS 0�OF TRUST. THE MOTE AHD THIS •
<br /> , �
<br /> ' - O�D OF TRI�T ARE GIVEN AND ACCEPYFD Ot�T!�FOLIOWiHG TEAMS: , :.;�r
<br /> ' ppYMQiT qND PERFORMAHCE Except as othervrise provided in this Deed oi Tnut,Trustar shell pay to Lender all amounts secured by lhts Deed � � .� "��:
<br /> , � � of Tnist as they DetAme dae,artd sAaU s�ErictlY end in a tlmety manner pedorm ail of Tcusta�s o6�gatiorts under the�Iote,thts Deed of Tni;i,and the .,;�� .��' '
<br /> '',. , ( RetaTed Documents. '. ' '., .
<br /> � pOSSESSIOH At�6lNNTENAHCE OF TF�PROPERN. Trustor agrees that Tnutofs p�on and use of the Property shall be govemed by ` ':t,�
<br /> „ . . .. ... .� ...3. :�.—
<br /> .. the foUowing provisionx _ _.�_ •
<br /> ` Possesslon and Use. Urrtit the aa;urtence of an Event ot Defauit,Trustor may (a)remain in possesston and co�rol of the Property. (b)�e� � �'.'��
<br /> • • ' operate or manage the Property.and (c)coltect enY Rerds from the ProPerry. � . �.a�-:----
<br /> - . ' ' Outy to MaMtatn. Trustor shaU maU�Tain the Propedy in tenentaDle conditlon and promPtry Dertorm etl repaUS.reptacsments,and matntenanc9 . `�, _•
<br /> necessary to presenre tts value. �.'�F.y!
<br /> . . .- . Hazardous Sunstcnees. Ths tem�s'ha�rdous waste."ha�ardaus substance."�isDosal.'1�etease;and 9hreatenad release:8s Ii58d(n WS tL r�,.'
<br /> D3sd of Tnist,shall have the same meaNngs as set forth in the Comprehenstve ErnNronmentel Respanse,Compensatlon,and Liabifdy Act ot
<br />-- ' 1980.as amertQeQ 42 US.C.Sectlon 9501.et seq.("CEACYA7.the SuAe►fund Amendmenb and Resuthort�tlon Act of 1988.Pub.L Ho. :,w,�
<br /> C . � =
<br /> � � ' gg-4gg(°SARA'j,the Hazardous Materfals Transportarion Ad,49 US.C.Section t801.et seq.,the Resource ConsemraHon and Recovery Ad. :
<br /> 42 U.S.C.SeWon 6901,ei seq.,or other applicabte state or Federal laws,Me�.or regu►aUor�adopted pursuanl to any of the(oregotng..The -- � ��,�;�`;��..I
<br /> terms'haaardous waste'and'ha�rdous substance�'shal►atso indude.wifhout limltaUon.petroteam and peh�oteum by-proQucts or any ftar,9on ; �. ;�• • '
<br /> - thereol and asbestos. Trustor repraSents and wartants to Lender tha� (a)Du r ing t he p e r lod of Tiusto�s owners h i p o}the PropOrty.lhere hss � . - :+`'"!'�,
<br /> . � been no use,generatlon,manufachue,storage,Veatment,disAosai.retease or threatened reiease ot any hazarQous waste or suhsffinCe by 8rry _ �;_
<br /> • �osed to and ack owledged hy der�vrt(ting, ()aanyguse.9eneratlon.�man�utacture,stor ge,treahnenT,Aosal,releaseptor ttpireatened • -
<br /> retease of any hazardous waste or substance on,under,about or irom the Proparly by any prlor ovmers cr occupents ot the Properly ot(�anfl �•- :�`,t._.,:.
<br /> actual or threatened GUgaUon or claims of arry kind by erry person retaUng to such matte�x 8nd (c)Except as previousty d(sdased to and . _ .,`
<br /> ' � ' aeknowtedged by LenQer in writing, (i)neither Trustor nor any tenartt,contrector.ageni w other authori7ed user o!!he Propedy sda0 use. - � ---�;;,—�
<br /> � • • generate,manufadure,store,heat,dlspose ot,or retease any herardous waste or subsfance on,under.about or trom the Properh and (i�eny , "._
<br /> ' such activfty shall De conducted In compilance with atl applicabto feEeral,state,and local(aws,regutations and ordinanoes,inctuding wftAout • _;�,'-�
<br /> " � IimitaUOn those laws,regu(allons.and ordinant�s descrfbed above. Tn�stor authorizes Lender and its agents lo onter upon ihe P►opeRy to ,
<br /> ' • mako such inspectlons snd tests,at Trustor's expense,as Lsndar may Ceem apprapriate to detertnine compiiance ot the Property wftF�this , .
<br /> � ' section ot the Oeed ot Trust. My Inspactions or tests made by Lender shail be for LenQefs purposes on�r and shafl not be construed to create �� �. �
<br /> any resporulbility or liability on the part of Lender to Trustor or to any othet pe�son. The represenffiflons anA wartanUes Contalned hereln are , .
<br /> baseA on Trustor's due diligence in invasflgating the Property for harardous waste and hanardous substances. Trustor hereby (a)reteases and
<br /> , 9 .
<br /> ' waives any future c(aims 8gainst lender for inQemnity or contribution in the evenl Trustor becomes Bab1e}or Geanup or othet cosis under eny
<br /> j such laws,and (b)agrees to indemnify end holG harmtess tsnder egeinst anY and ell claims,tosses,Ilabiliu�,damages,penalBes,8nd
<br /> � ' � expenses wt�leh I.ender may directly or indirectry sustain or sutter wsulflrtg from a breach o1 this sectton of the Deod of Trwi or as a -
<br /> '� consequenee of any use,generaUOn,manufacture,storage. Oisposa�.release or threatened release occurring pdo►to Trustor's uwneBfilp or . ._ ,
<br /> • � � Interest In the Property,whether or not the same was or shoutd have been known to TruStor. The provlsions of this sec�tton o}the Oeed of Tru.�H. . .
<br /> -> 1 including the obfigation to indemn(ty,shall survive the paymenl of tha tndebtedness anA the satisf8ction and rocanveyanee of the Iten ot lhis
<br /> �+ ' ' � �I Oeed of Trust and shell not be aNected by Lender's acqulsftian of any Interest in the Propedyr,whether by forectasure or otherwise. .. . .•
<br /> ' :� Nuisence,Waste. Trustor sha11 not cause,conQuct or permit er►y nuisance nor comm(t,permit,ar suNer any shipping of ar waste on or to the , .
<br /> Prope►ty or any poAion o1 the Property. Withoul itmiting tAe generality of the foregoing,TruStor wiil not remove,or granl to eny other party ihe
<br /> � right to remove,any Umber.minerais(including oil and gas),soil,gravel a rock products wfthout the pdor wdtten consent of LenQer.
<br /> _. - { Removol ot Imptovements�. Trustor shall nol demolish or remove any Impravements ham the Rea►Property wilhout the pdor vrritten conseM
<br /> �1 of Lender. As e condiUon to the removal o!eny Improvemenb.Lender may requlre Trustor to make arrangements seUslactory to Londer to '
<br /> replace such Improvements w(th Improvements of at teast equal vatue.
<br /> = i LendePs Rl�t ta Ente►. Lender and its agents and repre59ntaUves may enter upon tAe Real Properly at all reesonabie Umes to eltend to ,. �ii' �
<br /> �, Lenders Interests and to inspect the Proparty for purposes of Trustors compiiance wilA ihe tetms and conditions ot this Oeed of Trust. • ;�
<br /> � Complianee with Govemmental Requhementa Trustor shatl promptry compry wifh ell laws,ordlnances,and regutaUons,now or hereafter in
<br /> �� ; eHect,of all governmental authoritles eppiicab�e to the use or cccupancy ot the Property,Including without IlmitaUon, Ihe Americans Witf►
<br /> � ' OtsabiliGes Act. Trustor may eantest in good feith any such law,ordinanCe,or regutaUOn flnd wHhhold compliance during any prooeeding,
<br /> . + inctuding appropdate appeals,so long as Trustor has notifled Lender In writing prlor to doing so and so long es.In Lender's sole opfnion,
<br /> �� Lenders interests In the Praperty ere not jeopardized. Lender may require Trustor to post adequate security or e surety bond.reasonabty
<br /> ',a, � saUsfactory to Lender,to protect lsnQer's Interest. , .
<br /> Outy to PrOteet. Trustor agrees neitho►to abandon nor leava unattended the PropeAy. Trustor shall do ali other acb,in addUOn to those acb
<br /> � ; set torth abova in tnls section,whlch hom the character and use of the PropeAy ere reasonabry necessary to proteci and preserve the PropaAy.
<br /> � � DUE ON SALE-CONSENT BY LENDEPi. Lender may,8t its option,declars Immedlately due and payabte all sums seeured by this Deed of Trust ' . , �
<br /> upon the sale or transfer,without the Lender's pnor written consenl,ot all or any part o}the Real Properfy,or any Inierest in the Real Property. A I ,
<br /> i.,�. ^sale or lransfeP means the conveyence o1 Real Property or any�ight,UU8 ar Interesl thereln;wh0ther legal,beneflCial or equitable;whethet voluntary � • '
<br /> � or mvolunlary;whether by outnght sale,deed.�nstallment sale ContraCt,land contract,conUaCf tor deed,leasehotd interest with 8 term greater than
<br /> three(3)years,tease-opUon contract,or by 5a►e,asstgnment,or trensler ot any benofiGal lnterest in or to any land trust ho►ding title to the R081 ; �
<br /> " PropeAy,or by any other method ot conveyBnCe of Real Property Interest. If any Trustor Is e corporetion,psAnership or limited Ilability company, _
<br /> trensfor Blso t�cludes any thange�n ownerchip oi more than iwenty-five perCent(25°.�)of the voting stoek,paAnership interests or limited Oability �
<br /> • eompany interests,es the tase may be,of Trustor. However,this option shall not be exercised by Lender i}such exerCi:,e IS p�ohibited by(ederal �
<br /> � � law or by Nebraska lavi. ' •
<br /> TN(ES AND UENS. The}ollowing proNSions relating!o the taxes nnd liens on the Properly aro n part ot Ihls Deed of Trust
<br /> ' Payment. Trustor shall pay when due(and in all events prior to deiinquency)all taxes.speclal texas,assessments,charges(inctuding water
<br /> , and sewer),fines and impositions levled againsl or on sCCOUnt of ih9 Proparty,and shall pay when due afl clalmS�or work done on or}Or • �
<br /> servicos rendered or material furnished to ihe Property. Trustor shall maintain the Property iree of aii Iiens having prlodty over or equal to ihe �•
<br /> interest o1 Lender under ihis Oeed o1 Trust,except tor tne lien o}taxes and assessments not due and except as othervrise providod in this Deed
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