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' 'a. � � 3------�- --�-- ---� . . i� , _ _ � ��— �c,�� . � -_-_- - .� - � �_�r fI 'Proceeds")m connection with condemnation or other taking of the Property or part thareof,or for conveyance in lieu ot condemnation. �: � . : _ . � Le�der shali be entiUed at its opGon to commence,appear in and prosecute in its own nama any accion or proceedings,and shatl atso _ be entiUed to make any compramise or settlement in connection with such taking or damage.In the event any portIon of the Properry is . • � � so taken or damaged, Lender shall have the option in its sale and absolute discxetton,to apply a0 such proceeds. after deducting �, , _;' therefrom ail oosts and expenses incurted by it in connection with such Proeeeds,upon any mdebtedness sacured hereby and in such K i order as l.�ndee may determine,or 4fl appty a!I such Proceeds,after such deductions, to the restoration of the Properry upon such con- • ;- ditions as Lender may determine.My application of Pmceeds to indebtedness shall not extend or postpone the due date of any pay- � � . ments under the Note,or cura any default thereunder or hereunder.Any unapplied funds shall be paid to Trustor. � ' . : - ' 8. Perfcrmance by Lender.Upon the occurrence of an Event of Defautt hereunder,or if any act is taken or legal proceeding ' . G: . . . -- commenced which rteaterialiy a"rfects Lender's interest in the Property,Lender may in its own discretion,but without obtigation to do so. � � and without notice ta or der►sand upon 7rustor and vrithout reteasing Trustor from any obtiga6on, do any act which Trustor has agreed • � ', � _.�� but failed to do and may also do any other act it deems necessary to protect the secunty hereof. Trustor shail, immediately upon _ ;_ _ ___ _ demand therefor by Lender,pay to Lender all costs and expanses incurred and sums expended by Lender in connection with the exer- , � cise by Lender of the foregoing rights,together with interest thereon at the defauft rate provided in the Note,v�hich shall ba added to � . the indebtednass secured hereby.Lender shall not incur any liability bepuse of anytiting it may do or omit to do hereurtder. • .. • 9. Harandous Matertats.Trustor shall keep the Property in complian�vrith all applipble taws,ordinances and regulations • . � retating to indusUial hygiene or environmentsl pratection(wllecGvely referred to herein as'Environmental Laws�.Trustor shall keep � - - . . - the Properly free irom all substances deemed to be hazardous or toxic under any Environmenial Laws(cattec6ve{y referred to harein • . as'Hazardous Materiats�.Trustor hereby vrarrants and represents to Lender that there are no Hazardaus MateriaLs on or under fhe � Property.Trustor hereby agrees to indemnify and hold hartnless Lender,its directors,officers,employees and agents,and any succes- �=- -- sors tn Lenders interest,from and against any and all Gaims,damages,losses and Iiabitities arising in connection with the presence, - Y�*�-°_--�l use,disposal or tr2sssport of any Ha7ardoLS h1aterials on,under,from or about the Property.THE FOREGOING WARRANTIES AND � .,,,:;L;,;,� � REPRESEN7ATIQNS.AND TRUSTOR'S OBLIGATIONS PURSUANT TO THE FOREGOING INDEMNITY, SHALL SURVIVE .,f-. , �`> . RECONVEYANCE OF THIS D�EO OF TRUST. " :��. `-� �.�--. 10.Assignment o!Rents.Trustor hereby assigns to Lender,and grants Lender a security interest in,all presenL future and �e�Y;^;.;;� i� ,' after arising rents,issues and profits of the i�oAarty;provided that Trustor shall,until the occurrence of�n Evant of Default,heteunder. �. . have the right to caliect and reiain such rents,issues and profits as they become due snd payable.Upe��e occurrence of an Event of '�' �� Y-= ' Qefault,Lender may,either in pe�son or by agent,with or without bringing any action or proceeding,cr by a receiver appoinled by a .__ ` court and without regard to the adequacy of its security,enter upon and take possession of the PropeRy,or any paR thereof,in its own - • - �'� .� � name or in the name of the Trustee,and do any acts whic� R deems necessary or desirable to preserve the value,marketability or ' f��s":'— • � rentability of the Property,or any part thereof or interest therein,or to increase the income therefrom or proted the security hereof and, ' with or without taking possession of the Property,sue for or otherwise colleci the rents,issues and profits thereof,including those past �`ff•.�' �:,.,, r k•-.- , ' due and unpaid,by noMying tenants tu make payments to Lender.Lender may apply rents,issues and profrts,less costs and expens- �, a� :, = , es of operation and collecKion induding attomey's fees,to any indebtedness secured hereby,alt in such order as Lender may deter- ";��'�� ! � mine.The entering upon and taking possession of the Property,the coltecNon of such rents,Issues and profits,and the applicaUan ��;� >. _ thereof as aforesaid shalt not cure or waive any defauft or notice of detault hereunder or inva8date any act done in response to such default or pursuant to such notice of default and,notwithstanding the oontinuance in possessian of the properly or the collection, �v�'L , � receipi and applicatfion of rents,issues or profits, Trustee and Lender shall be entitled to exercise every right provided for i�any of Me . 4�^� . ,r5-' ''- :y'- Loan Instruments or by taw upon occurtence of any Event of Default,including without limitation the rigfit to exercise the power oi sate. �;�.:.,�...; '. � . � Furlher.LendeYs dghts and rem2dies under fhis paragraph shall be cumulaGve with,and in no way a IimitaUon on,Lender's rights and ��'""• � s„°5 � . remedies under any assignment of leases and rents recorded against the Property.Lender,Trustee and tfie receiver shall be liable 40 �'�'r � • '' , . ' 1'. � account only for those rents actually reoeived. . �� ' ��° � + 11.EvenZs of Dafault The following shall constitute an Event of Dafault under this Deed of Trust t ` �' �-. (a)Faiture to pay any installment of principai or interest or any otl�ar sum seared hereby when due; -�� =��`�. • �, (b)A breach of or default under any provlsion contalned in the Note,this Deed ot Trust,any ot the Loan lnstruments,or any '_�Y ' ��` � other Ilen or encumbrance upon the Property; - �:- (c)A writ of executlan or attachment or any similar process shall be entered against Trustor which shall become a lien on ;�_�� ,.� •. �', tho Property or any poRion thereof or interest therein; , ";:-�:°_. . (d)There shall be filed by or against Trustor or Borrower an action under any present or future federal,state or other shatuL�, '�--�,:�,_,_:.:, � . law or ragutaUon retating to bankruptcy,Insolvancy or other relief for debtors:or fhere shell be appointed any Wstee,receivar ar , --- liqu:dator oi Trustor or Borrower or af all or any paR of fhe Property,or the rents,issues or profits thereof,or Tn�stor ar Borra�a�;. ' 'ry� • �''�•�� . � shall make any general assignment forthe benefit of creditors; '�-'�� . ' (e)The sale,transfer,tease,assignment,canvay�nce or further encumbrance of all or any part of or any interest in the ' �� Property,either votuntarity or invotunta�ity,wlthout tt�e exprass written consent oi Lender,provlded that Trustor shall be permit- ��-� -- '; ted to exec�te a lease of the Property that does not contain an opUon to purchase and the term of whlch does not exoeed one ,�s"'°°�',�""'�" ..�r.,f�rb • year, ��-,.m��r.�=. . :��- _ ;;_ (�Abandonmeni of the Property:or ','�° •-,--��.-. . � (g)If Trustor is not an Indivldual,the issuance,sale,transfer,assignment,conveyance or encumbrance oi more than(if a ��-�=-+ri�; corparatlon)a total of percent of its issued and outstanding sWck,or(if a partnersNp)a total of per- . . cent of partnershlp interests,or(H a limlted Iiability company)a total o! percent of the Ilmited liability compa- - -- •- � �'� 4� � ny interesis or voting righte du�ing the pertod this Deed of Trust remalns a lien on the property. �� . _�.�' _-,`,.._�� 12.Remedles;Acceleratlon Upon Oatautt In the event of any Event oi Detault Lender may,without noUoe exoepi as requlred • ,r�cr�#�� -,;�:,p-.• • d� Iaw,dedare sll indebtedness seeured hereb to be due end s ble and the same shall thereu n become due and a abte wlth- -��°`�- Y Y P Ya Po P Y .t�,��st�.:.�.�:u�:�• :. out any presentment,demand,Rrotesi or notice ot any kind.Thereafter Lender may: (a)Demand that Trustee exerGse the POWER OF SALE granted hereln,and Trustee shatl thereafter cause Trustor's Inter- ' ��;�� . _ . 'r`<<•,.:.• est in the Property to be sold and the proceeds to be distributed,aU in the manner provided in the Nebraska Trust Deeds Ack _�,;�,�__�_ . (b)Exercise any and all rfghts provided tor 1n any oT the Loan Instruments or by law upon occurrence of any Event ot • _r Defaul�and • • . ' (c)Cflmmence an action to forectose thia Oeed oi Trust as a mortgage,appoint a receiver,or speeificatty enforce any of the • _ , _� covanants hereoL � � . . na remedy hereln coMerred u�cn o�reserved to Trustee or Lender is intended to be exdusive of any other remedy herein,in ti�e Loan . • . tnstrumenis or by law provlded or permitted,but each shall be cumulaUve,shalt be in addition to every other remedy given hereunder, � � •, — . � In tha Loan Instruments or now or hereafter exlsting at law or in equity or by stetute,and may be exerdsed concurrenUy,independently . . � „ •, orsuccesive{y. . 13.Trustee.The Trustee may res3gn at any tlma w(thout cause,and Lender may at any time and wlthout cause appoint a sua �� ' . cessor or substltute Trustee.Trustoe shali not bo Ilable to any party,Including wlthout Iimi4ation Lender,Borrower,Trustor or any pur- . . • chaser of the Property,tot ar►y loss or damage untess due to recktess or wlilful misconduct,and sha11 not 6e requlred to ffike any actlon '. = In connection with the entorcement of this Deed of Trust unless indemnifled,in wridng,for alt costs,oompensatlon or expenses which . - � may bo associated therewith. In addition,Trusteo may become a purchaser at any sale of the Property Qudicial or undor the po�rer of ' • � � _ � sate granted herein);postpone the sale of all or any portion of the Property,as provided by law,or seli the Properiy as a whole,or in � .. • ' separata parcets or lots at Tnistee's discretion. . 14.Fees and F.�cpansss.In the event Trustee sells th�Property by oxerclse ot power of sale.Trustee shall be entiUed to appty , • �• - � any sale proceeds flrst to payment oi all costs and expenses of exercising power oi sate.including alI Trustee's tees,and Lender's and �. ' Trustee's attomey's fees, actually incuned to extent pertnitted by appticable law.In the event Borrovrer or Trustor exerclses any right - — provlded by law to cure en Event of Default,Lendar shall be entitled to recover irom Trustor all costs and expenses actuafly incuRed es • . • ' a result of Trustor's defautt,including without Ilmitaqon all Trustee's and attomey's fees.to the extent pormitted by appticable law. . . _._._i �5 F!�!�rg+4c�+►a.nces. Upon reqt�est o�8orrower.�en�er may,2t its op6on. make addi�ion?1 and tuture advan�s and read- � - = • - - vances to Borrower.Such advances and readvances,vath interest thereon,shall ba secured by this Deed of Trust.At no time shall the . �----- - -•. . f ' ., ` .. ' � ' � � � ------- ----- -- -- �-- ------�--.-� -_.. ._ --- --------- ---------- - _ - .. � ��. � . .. . --.�-----�----�� . . . , � � . �,; .. , ' , ' -- --- . �,., : .�. , . . .. � , . .. . � � � . .. ` . . . � . � , � . . .� . . ;., ' ..