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<br /> • • 24. Gov�rnln� L�w; 8evsrabllity. Thl�D��d ol Yruat ihHll be pov�rrnd by ths I�w�af tl�e Slat�of N�brark�. in th•
<br /> event ony provialon or cl�uss o}thl� Dsed o� Trust r,onllicta wlth spplicabla Law, euch co�fllr,t eh�ll not �fteot
<br /> other provislon�of lhl�D��c!of 7ruat whlch can l» piven elfect without th�confllctlnp pruviflons�nd to lhie end
<br /> the pravl�lons of thi� Dsad o(Tru�t�r� d�cland ta b� asverabl�.
<br /> 25. Eventa of D�tault. Eacl� of the followinp occurnnas�ehall conalilute�n ev�nt of dNault h�reund�r, (hnnfn�fter
<br /> called �n "Evant ol Default');
<br /> (A) Trustor�h�ll f�ll to p�y when due�ny princlp�l, inlere�t,or principal and Intenst on th� Irtd�btodne�a,
<br /> (b) Any warranty o}tille mode by Truelor hereln ehall be untrue,
<br /> (r.) Tru�tor stnll f+�l� ta abaerve or perlorm any ol tlio covenantc, apraomantc, or condlllons In thl: na�d of �-
<br /> 7ruat,
<br /> (d) Any repraaentatlon or warranty made by Truetor on eny finenclal stetements or report� �ubmltted la
<br /> 8sneflclory by or on behalf of Tru�tor shall prova fal�e or materlally mleleadlnp,
<br /> (e) Truetor eh�ll lpll to peAorm ar ob�erva any� of the covemnts, candltlons or apreements conlelned In, ar
<br /> bindlnp uporn Tn�.stor under any bulld�rty�Ioa�n a�qreement,eecurity apreement, loon aprsement, (In�ncinp
<br /> etatemenl,or#n�r other apresmsnt,Eas�iummn.t or.dccumenl executed by TruBtor in connecUon with the loan
<br /> axirf9nCAt�I�K Ute lYQto.
<br /> (f) A I:rusRss,rece6ver pr Iiquidai:ar Q4 tha Yvust Prope�ky or ctt iro.stor ehvll be appolntad,or any ot lhe credltoro
<br /> of Trust�r sAaSE f,j6e i�petlllpn Itt bankQURCCy a�Zdic�st Truskor,rzr, fce the rreor�anlzation of Truetor purauant lo
<br /> . the Peda�,at F,•lr,in!.rv.ptcy Code,or any sire�l[u�0ar�, whathaF feQaral or atat.n,and It such order or petlllon shell
<br /> not be discr�i;f,�;cr dismissed wllhin thir�y •�3D) days afur ithe cta��o�c��.�1��ch such order or peGtlon wae
<br /> filed, � �
<br /> ' (O� TfUf10f lhill�Im a��Iltlnn r��re�iy�l fL+th�F��I�ra�pa�krs�mhCV COdw 0�Al1V ilfflll8��.iW.fednril 0!itYtO,p�
<br /> If Trustor sAaCl�adJudped a bankrupt,or be deGared Inaclrant,or shall maks an asstQnment Tar ihe bsn�fit
<br />- oi cnditora,oirsfiall admit in writinp ita in�bility to pry its d�bts aa they become dua,or shall concent to the
<br /> appointment�,'�t,rsGivsr of all or Any pad of lhe Tru�t Propefty,
<br /> (h) Final)udpm�nl tor ths payment ot mnney�hall be rendered apalnst Trustor�nd Trustor shall not disch�rp�
<br /> fh0 same, or cause it to be disoharped, withln thirty (30)days after lhe antry thereaf,or sholl not appeal
<br /> .��Z�av� from or Iram th• ordst, decroe or proceae uRe�.:r.whleh or pursumt lo whieh said Judpm�nt was
<br /> �{�ranted, based,or entered, and aecurs a etay of execu�-o�,�endtnp such appsal,
<br /> (I) 7zai5ior shpll.s�ll or convey ths Trust Prop4rty, or a�t�j; yar: thereof, or any Intsro�Q�tn�nin, or ahall bs
<br /> dlveateQ Of hits tltle, or any Intera�t therein4 in sny ma�nni or way, wheth�r vnluntarily or Invoiuntarily,
<br /> withou!!he+a��t�t:an conaent of Ben�ficlary bnirp fint had ond obtalnW,or °
<br /> Ii Trusior,la�a ci+z,N�calion or parMerahin and mon thm fifty perant (50%)o(ths sh�re�oa benaHr,lal Intaroata in . i'�
<br /> such r�r,cn•ra1i;i�R a�r p�rtn�rship, �i the c�se m�y be, shsll ba tr�n�fsrr�d or convsy�d, xrhethsr voluntarlly or , -
<br /> Invot►�saVa.r•ity,Wl`ytf;:v:,�ihe wrltten conaent of Ben�ticl�ry bdny fint I�ad and obt�insd,
<br /> 26. Accele��id�i oP Qq�U;,Fondowro. Upon th�occurrence of any Evenl of D�fault, or any time thereaRer, B�nsfl-
<br /> i:li�y�T�.y�:i ii.v�'e�v:.�:G!'.Pa�!:ha !^d.�.l2:T.�.".Lr!.S�ts:�� �:t,•ir����.�I�ZI.��d!!.s�rl n�vaFf�w f�(Ifl ihl�ltame -
<br /> sh�ll bear Inbntt�9'�Iho dsfault rats,iF any, set,�flith In Sh�Note,or otherwlee at ths hiphest rat�parmitta�j Izy law,
<br /> � � • and, Irns�psctiv� of whath�r 8en�ticiary�x��C�eo� ai�id optton,it m�y, at E9�nptlon and in Its sol� d10cr�tion,
<br /> wlthout any furlher notice or dsm�nd to or upon Trt�stor,d�nnh qr more at l�o followinp: ,
<br /> (a) �}eniflciary may ent�r upon,take poasesaton of,manape s�n��perate Ihb Trust Property or nny paR th�rsaf;
<br />� make npsirs and alt�ratlon��nd do�ny acU whlch BsneY.itilary,deems,gr�a>par to prot�et the s�eurity thsrsof,
<br /> • and slther with 4r without takinp po��salon,6n its own namn, aue for c�r�oYrs►wias cotlect and realve rente,
<br />; Isw�s and pratits, InGudinp thos� past due�t1pd unpald, md appiy i4�ro �a;�,e, �eei co�ts and expsn�sa of
<br />� op�radon and•COilscUon,Indudinp nason�bte attorn�y ts���nd BeneFlryyarlj'�costa, upon !he Ind�badnss�
<br /> � aecund h�nby�nd In such ordor a�Benstlt�ary may dstermins. Upon raG��at oi BanefiG�ry,Trustor�hall
<br /> = asl��mhla and �h�ll mak� avail�ble to 8an�tlG�ry any of th�Trwt propsrty whlch has�i�n remov�d. Th•
<br /> ent�rinp upon and tskinq poss�sslon of th�Trutt Prop�rty,th� collection oi any rente;�sr:u,di�nd proHts,and
<br /> tM rpplicado� th�rwf as atonsald,sh�ll not cure or waiw�ny dsfault th�ntotore o'r►�tioreift�r oCCUrrinp,
<br /> or afl�et any nolic�of d�fault or notice ot g�Se hareunder or invdldd� any aet dons pursu�nf te,a�ny such
<br /> . notlo�. Notwith�tandinp Beneflaary's cont�avrnnce In poss��sfon or nc�ipt and �ppllcaUan ol rq�e��.�,�s�uu
<br /> or profib,8�n�}IGary sh�ll b��ntitl�d to•exer,;,Ty�every riphl provid�e!for in thls Msd of Trust O���g�aw upon
<br /> �� or�ttsr th�occurcsnce o(an Event of OsfNK,InGudiny tM ripht to�xsrdss the po+iwr,pl:at��:jA�y�ot Me .
<br /> acxtr�ns ref�rnd lo in thl�psrayraph mav b�taken by 9ena�cisry�t such lime�r B�net��i�may d�Nrmin� ,' ,
<br /> � v4itY��u!r�q�rd to th�ad�quacy of any�ecuflty for the 1(aa�abtednas�sawr�d hor4by. �, > � ,
<br /> � (b) �in�flclary shall,without rtpard to ths adequ�cy of bny �curity for fh�Ind�btedneo�s�cund h�r�by, b�1
<br /> - entltl�d to th�sppointrthnt of a rsc�lver by any aourt havinp�urisd:cHon,without notics,to tek!pou�sslon of, • _
<br /> prot��K, and manaq� th• Trust Prop�riy arzf pparats th���me and collect the ront�, Issuea �nd proflt� 'y __
<br /> Ih�ntrom. �
<br /> �� (c) Ben�fldary may brinp �ny ectlon In sny court of comp�t�nt Jurlsdlciion to foreclos�a��lnia l�d o(Truit or
<br /> t �nfora rny of th� cov�nen1y h.9r+�of. � •
<br /> ' (d) B�n�fldary may slect ta cs�fa��t�as 1'rua S?toQerty or any put th�raof to be iold unddt th�powar of uN,
<br /> � and in such svent, B�n�flciary�.ar'i'ruste�3nall piv�wsh notioe of d�tault and noUa of sal��s may b�
<br /> ; than rsqulred by i�w. Thet�pfl�r, upon�I�h4"6Mplfatlon of such time and the plvin�of such notlee of sslo aa _
<br /> � may then bs r�qu3red by IaW,T�iuet�e. 91 tnw•lim�and piaa sp�Gtled by the notice of sal�,shall all such , -
<br /> } Trust Proparty,or��y porr..er„nr,00�_ypsGPisd by Ben�flcisry,�t public�ueUon to ths hlgh�st bldd�r for uah
<br /> 3n�lawfut money of the Undtn�s::=�aar�of Americ�. Upon re�lpt of payment of the price bld,Trusb�shall
<br /> � inp�y lhs proc��de In the fqllow�;�q order:(1) to th�cost and expsns�� oi�xsrclsinp ths pow�r of sale�nd
<br /> ot th�ql�,Including bul not Ilrt�ltsd to.4oaesl�e'�fees or nol mon ti�an SS00.00 piu�one-half of on�
<br /> , perwnt of th�,�gro`aa wle pdce, and reda���Ffa1e attorney fe�s, (u) to tM�o ►nGsbt�dnese,and(ill)the exaee,
<br /> , II any,to thq�Iy��rs�n or p�raon�lep�ll�e:r,.u:noct theroto. '
<br /> , All coris and expenaes io�quyr�d by l3eneflcl�ry la+��+�W.r�inp any rlpht under thi�Deed ot Trriat,Includinp wiMout
<br /> � iimltatiore, �io�,ttaCt or Qtle fees,apRr?I�a�B�NC,•{'•�aYrirzis for tltle Insurance,attorney f�0�tir'S,��ir�Y.costs,shall be
<br /> . and conyu�tC��r:o �inQebtedneas secured'hre���:�c�. ' � , `
<br /> • • 27. �1a�,c,��a at Truat��. Trustor apreea that: �' .
<br /> ! � (a) Rutiss ar,ti,'m'n�tpaHona ot 7rustee Yt�r�i�i'hE,determined eolely by t�mx�sresa'Eh��+7�ions of utfs I�eed ot
<br /> ' Troa�ai14'i c;:atee shall not be Ual�fe m���upl for the pedormmc�af,o�u;c:.4 duties �nd obllpae�,a�s as are
<br /> spea�'ical:q�vet forth hereln,arsd nm fm�qiad coven�nts a obliqetcorts skac�be tmpoaed upon 7rust�e,
<br /> �[sl ko praviaion ot this D�ed c,t 7cust a�ltalf roquire Trustee to expend o+•r�sk tPS o�am funds,or otherwise incur
<br /> any 15ttartGal obllpatioan fn cr!�}Arl'ormance of any oi Ita dutlea herou�i4er,a'i�T aic ezercise or any m its
<br /> i7�yhYt a•nawers,
<br /> (c) TrusH�inay cansult with co�ntel�oi`Ii�own cfioosing md lNs advlse ot euch counsst shall b� hill�nd
<br /> comptal��+thorization �nd prot�cico�o kti the rerp�ct ol�ny�ctiun taken or suN�rsd by It hereundsr In
<br /> pood talth and reliancs thereon,and
<br /> (d) Tru�tee shall nol be Iloble for any actlon taken by it In pood failh and reasonably bnllevsd by It to b�
<br /> vuthorized or within Its discretlon qr rlyhb or powers conterred upon It by thl�D�ed of Trust.
<br /> 28. Security Apreement and Fixture Fillna. Thl� Oeed of Trust�hAli con�iitule a t�curity aqraemsnt and tlxture
<br /> filin�under tha provlyicns of the NebraaY.a Uni(am Commerdal Cod�with rs�pect to thoss fixture�de�cxibed
<br /> In th�preamblea hereof as constitulinp a port of the Tru�t Property,teyethar wlth all oth�r property oi Trwtor,
<br /> elther simllar ur dis�lmllar to the same, now or hereaftsr(a�ted at or on the Trust ProperRy.
<br />_ Pi�e�uf 5
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