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' DEED OF TRUST � p 12 p 2� ��
<br />Loan No: 101250991 (Continued) Page 7
<br />proceeding, in an amount determined by Lender, in its sole discretion, as being an adequate reserve or bond for the
<br />dispute.
<br />Breech of Other Agreement. Any breach by Borrower or Trustor under the terms of any other agreement between
<br />Borrower or Trustor and Lender that is not remedied within any grace period provided therein, including without
<br />limitation any agreement concerning eny indebtedness or other obligation of Borrower or Trustor to Lender,
<br />whether existing now or leter.
<br />Events Affecting Guarantor. Any of the preceding events occurs with respect to any guarantor, endorser, surety,
<br />or accommodetion party of any of the Indebtedness or any guarantor, endorser, surety, or accommodation party
<br />dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any Guaranty of the
<br />Indebtedness.
<br />Adverse Chenge. A material adverse chenge occurs in Borrower's or Trustor's financiel condition, or Lender
<br />believes the prospect of payment 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 defeult in payment is curable and if Trustor has not been given e 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 then fifteen (15) days, immedietely initiates steps which
<br />Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues and
<br />completes all reasoneble and necessary steps sufficient to produce compliance as soon as reasonably practicel.
<br />RIGHTS AND REMEDIES ON DEFAULT. If an Event of Defeult 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 />Acceleration Upon Default; Additionel Remedies. If any Event of Defeult occurs as per the terms of the Note
<br />secured hereby, Lender may declere all Indebtedness secured by this Deed of Trust to be due and payable 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 ection or proceeding, or by e recelver
<br />appointed by a court and without regerd to the adequacy 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 eny acts which it
<br />deems necessary or desireble to preserve the value, marketability or rentability of the Property, or part of
<br />the Property or interest in the Property; increase the income trom the Property or protect the security of
<br />the Property; and, with or without taking possession of the Property, sue for or otherwise 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 and collection attorneys' fees, to eny 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, end the application thereof shalt not cure or
<br />waive any default or notice of default under this Deed of Trust or invalidate any ect done in response to
<br />such default or pursuant to such notice of default; and, notwithstending the continuance in possession of
<br />the Property or the collection, receipt and applicetion of rents, issues or profits, Trustee or Lender shell
<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 mortgege, appoint e receiver or specificelly
<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 default
<br />and election to cause Trustor's interest in the Property to be sold, which notice Trustee shall cause 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 Personel Property, Lender shall heve all the rights and remedies
<br />of a secured party under the Nebraska Uniform Commercial Code.
<br />Foreclosure by Power of Sale. If Lender elacts to foreclose by exercise of the Power of Sale herein conteined,
<br />Lender shall notify Trustee and shall deposit with Trustee this Deed of Trust and the Note and such receipts
<br />and evidence of expenditures made and secured by this Deed of Trust as Trustee may require.
<br />(a) 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 shall, without demand on Trustor, efter such time as may then be required by law and after
<br />recordation of such Notice of Default and after Notice of Sale having been given es required by law, sell
<br />the Property et the time and place of sale fixed by it in such Notice of Sale, either as a whole, or in
<br />separate lots or parcels or items as Trustee shall deem expedient, and in such order as it may determine,
<br />at public auction to the highest bidder for cash in lawful money of the United States peyable at the time
<br />of sale. Trustee shall deliver to such purcheser or purchesers thereof its good end sufficient deed or
<br />deeds conveying the property so sold, but without any covenant or warranty, express or implied. The
<br />recitals in such deed of any matters or facts shall be conclusive proof of the truthfulness thereof. Any
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