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DEED OF TRUST 2 012 0 013 �
<br />Loan No: 101247796 (Continued) Page 6
<br />Trustor's behalf under this Deed of Trust or the Related Documents is false or misleading in any material respect,
<br />either now or at the time made or furnished or becomes false or misleading at any time thereafter.
<br />Defective Collateralization. This Deed of Trust or any of the Related Documents ceases to be in full force and
<br />effect (including failure of any collateral document to create e valid and perfected security interest or lien) at any
<br />time and for any reason.
<br />Insolvency. The dissolution or termination of Trustor's existence as a going business, the insolvency of Trustor,
<br />the appointment of a receiver for any part of Trustor's property, any assignment for the benefit of creditors, any
<br />type of creditor workout, or the commencement of any proceeding under eny bankruptcy or insolvency laws by or
<br />ageinst Trustor.
<br />Creditor or Forfelture Proceedings. Commencement of foreclosure or forfeiture proceedings, whether by judicial
<br />proceeding, self-help, repossession or eny other method, by eny creditor of Trustor or by any governmentel agency
<br />against any property securing the Indebtedness. This includes a gernishment of any of Trustor's accounts,
<br />including deposit accounts, with Lender. However, this Event of Default shall not apply if there is a good faith
<br />dispute by Trustor as to the validity or reasonableness of the claim which is the basis of the creditor or forfeiture
<br />proceeding and if Trustor gives Lender written notice of the creditor or forfeiture proceeding end deposits with
<br />Lender monies or a surety bond for the creditor or forfeiture proceeding, in an amount determined by Lender, in its
<br />sole discretion, as being an adequate reserve or bond for the dispute.
<br />Breach of Other Agreement. Any breach by Trustor under the terms of any othar agreement between Trustor and
<br />Lender that is not remedied within any grace period provided therein, including without limitation eny agreement
<br />concerning any indebtedness or other obligation of Trustor to Lender, whether existing now or later.
<br />Events Affecting Guarantor. Any of the preceding events occurs with respect to eny Guarantor of any of the
<br />Indebtedness or any Guarantor dies or becomes (ncompetent, or revokes or disputes the validity of, or liability
<br />under, any Gueranty of the Indebtedness.
<br />Adverse Change. A material adverse change occurs in Trustor's finencial condition, or Lender believes the
<br />prospect of peyment or performance of the Indebtedness is impaired.
<br />Insecurity. Lender in good faith believes itself insecure.
<br />Right to Cure. If any default, other than a default in payment is curable and if Trustor hes not been given a notfce
<br />of a breach of the same provision of this Deed of Trust within the preceding twelve (12) months, it mey be cured (f
<br />Trustor, after Lender sends written notice to Trustor demanding cure of such default: (1) cures the default within
<br />fifteen (15) days; or (2) if the cure requires more than fifteen (15) days, immediately initietes steps which Lender
<br />deems in Lender's sole discretion to be sufficient to cure the default end thereafter continues and completes all
<br />reasonable and necessery steps sufficient to produce compliance as soon as reasonably practicel.
<br />RIGHTS AND REMEDIES ON DEFAULT. If an Event of Default occurs under this Deed of Trust, at any time thereafter,
<br />Trustee or Lender may exercise any one or more of the following rights and remedies:
<br />Acceleratlon Upon Default; Additional Remedies. If eny Event of Default occurs as per the terms of the Note
<br />secured hereby, Lender may declare all Indebtedness secured by this Deed of Trust to be due end peyable and
<br />the same shall thereupon become due and payable without any presentment, demand, protest or notice of any
<br />kind. Thereafter, Lender may:
<br />(a) Either in person or by agent, with or without bringing any action or proceeding, or by e receiver
<br />appointed by a court end without regard to the adequacy of its security, enter upon end take possession
<br />of the Property, or any part thereof, in its own name or in the name af Trustee, and do any acts which it
<br />deems necessary or desirable to praserve the value, marketability or rentability of the Property, or part of
<br />the Property or interest in the Property; increase the (ncome from the Property or protect the aecurity of
<br />the Property; end, with or wlthout taking possession of the Property, sue for or otherwise collect the
<br />rents, issues and profits of the Property, including those past due end unpaid, end apply the same, less
<br />costs and expenses of operation and collection attorneys' fees, to any indebtedness secured by this Deed
<br />of Trust, all in such order as Lender may determine. The entering upon and taking possession of the
<br />Property, the collection of such rents, issues and profits, and the application thereof shall not cure or
<br />waive any default or notice of default under this Deed of Trust or invalidate any act done in response to
<br />such default or pursuant to such notice of default; and, notwithstanding the continuance in possession of
<br />the Property or the collection, receipt and application of rents, issuea or profits, Trustee or Lender shall
<br />be entitled to exercise every right provided for in the Note or the Related Documents or by law upon the
<br />occurrence of eny event of default, including the right to exercise the power of sale;
<br />(b) Commence an action to foreclose this Deed of Trust as a mortgage, appoint a receiver or specifically
<br />enforce any of the covenants hereof; and
<br />(c) Deliver to Trustee a written declaration of default and demand tor sale and a written notice of default
<br />and election to cause Trustor's interest in the Property to be sold, which notice Trustee shall ceuse to be
<br />duly filed for record in the appropriate offices of the County in which the Property is located; and
<br />(d) With respect to all or any part of the Personal Property, Lender shall have all the rights and remedies
<br />of e secured pany under the Nebraska Uniform Commercial Code.
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