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Loan No: 101251264
<br />DEED OF TRUST 2 012 0 2 6 4�
<br />(Continued)
<br />or any suit or other action is commenced to foreclose eny existing lien on the Properry.
<br />Page 7
<br />Right to Cure. If eny default, other than e default in payment is curable end if Trustor has not been given a notice
<br />of a breach of the same provision of this Deed of Trust within the preceding twelve (12) months, it may be cured if
<br />Trustor, after Lender sends written notice to Borrower demanding cure of such default: (1) cures the default
<br />within fifteen (15) days; or (2) if the cure requires more than fifteen (15) days, immediately initiates steps which
<br />Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter contfnues and
<br />completes all reasonable and necessary steps sufficient to produce complience as soon as reasonably practical.
<br />RI(3HTS AND REMEDIES ON DEFAULT. If an Evant 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 />Accelaration Upon Default; Additional Remedies. If any Event of Default occurs as per the terms of the Note
<br />secured hereby, Lender mey declare ell Indebtedness secured by this Deed of Trust to be due and 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 a receiver
<br />appointed by a court and without regerd to the edequacy of its security, enter upon and take possession
<br />of the Property, or any part thereof, in its own name or in the name of Trustee, and do any acts which it
<br />deems necessary or desirable to preserve the value, markatability or rentability of the Property, or part of
<br />the Property or interest in tMe Property; increase the income from the Property or protect the security of
<br />the Property; and, with or without taking possession of the Property, sue for or othervvise collect the
<br />rents, issues and profits of the Property, including those past due and unpaid, and apply the same, less
<br />costs and expenses of operation end 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 end profits, end the applicetion thereof shall not cure or
<br />waive any default or not(ce of default under this Deed of Trust or invalidete any act done in response to
<br />such default or pursuant to such notice of deteult; end, notwithstanding the continuance in posaession of
<br />the Property or the collection, receipt and epplication of rents, fssues 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 any 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 mongage, 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 for sale and a written notice of defeult
<br />and election to cause Trustor's interest in the Property to be sold, which notice Trustee shell ceuse to be
<br />duly filed for record in the eppropriate offices of the County in which the Property is located; and
<br />(d) With respect to all or any part of the Personel Property, Lender shall have ail the rights and remedies
<br />of a secured party under the Nebreska Uniform Commercial Code.
<br />Foreclosure by Power of Sale. If Lender elects to foreclose by exercise of the Power of Sale herein contained,
<br />Lender shall notify Trustee and shall deposit with Trustee this Deed of Trust end the Note and such receipts
<br />end evidence of expenditures made and secured by this Deed of Trust as Trustee may require.
<br />la► Upon receipt of such notice from Lender, Trustee shall cause to be recorded, published and delivered
<br />to Trustor such Notice of Default and Notice of Sale as then required by law and by this Deed of Trust.
<br />Trustee shell, without demand on Trustor, efter such time as may then be required by lew and after
<br />recordation of such Notice of Default and efter Notice of Sale heving been given as required by law, sell
<br />the Property et the time and place of sale fixed by it in such Notice of Sale, either as e whole, or in
<br />separate lots or parcels or items as Trustee shall deem expedient, and in such order as it may determine,
<br />et public auction to the highest bidder for cash in lawfut money of the United States payable et the time
<br />of sale. Trustee shell deliver to such purchaser or purchesers thereof its good and sufficient deed or
<br />deeds conveying the property so sold, but without any covenent or warranty, express or implied. The
<br />recitels in such deed of eny matters or facts shall be conclusive proof of the truthfulness thereof. Any
<br />person, including without limitetion Trustor, Trustee, or Lender, may purchase at such sale.
<br />(b) As may be permitted by law, after deducting all costs, fees and expenses of Trustee end of this
<br />Trust, including costs of evidence of title in connection with sale, Trustee shall apply the proceeds of sale
<br />to payment of (i) all sums expended under the terms of this Deed of Trust or under the terms of the Note
<br />not then repaid, including but not limited to accrued interest end lete charges, (ii) all other sums then
<br />secured hereby, and (iii) the remainder, if eny, to the person or persons legally entitled thereto.
<br />(c) Trustee may in the manner provided by law postpone sale of all or any portion of the Property.
<br />Remedies Not Exclusive. Trustee and Lender, and each of them, shall be entitled to enforce payment and
<br />performance of eny indebtedness or obligations secured by this Deed of Trust and to exercise all rights and powers
<br />under this Deed of Trust, under the Note, under any of the Related Documents, or under any other agreement or
<br />any lews now or hereafter in force; notwithstanding, some or all of such indebtedness and obligations secured by
<br />this Deed of Trust may now or hereafter be otherwise secured, whether by mortgage, deed of trust, pledge, lien,
<br />assignment or otherwise. Neither the acceptance of this Deed of Trust nor its enforcement, whether by court
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