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<br />Loan No: 101253832
<br />DEED OF TRUST 2 012 U 4 8 7 7
<br />IContinued)
<br />Page 7
<br />Trustor, after Lender sends written notice to Trustor demending cure of such defeult: (1) cures the default within
<br />fifteen (16) days; or (2) if the cure requires more then fifteen (161 days, immediately initiates steps which Lender
<br />deems in Lender's sole discretion to be sufficient to cure the default end thereafter continues and completes all
<br />reasoneble and necessary stepa sufficient to produce compliance es soon as reasonably practical.
<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 eny one or more of the following rights end remedies:
<br />Acceleration Upon Default; Additional Remedies. If a�y Event of Default occurs es per the terms of the Note
<br />secured hereby, Lender may declare all Indebtedness secured by this Deed of Trust to be due and payable and
<br />the seme shall thareupon become due and payable without eny presentment, demend, 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 recefver
<br />appointed by a court end without regerd to the adequacy of its security, enter upon end teke possession
<br />of the Property, or eny pert thereof, in its own neme or in the name of Trustee, and do any ects which it
<br />deems necessery or desirable to preserve the value, marketebility or rentability of the Property, or part of
<br />the Property or interest in the Property; increese 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 otherwise collect the
<br />rents, issues and profits of the Property, including those past due and unpaid, and apply the same, less
<br />costs end expenses of operedon 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 proflts, end 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 tn response to
<br />such defeult or pursuent to such notice of default; and, notwithstanding the conttnuance in possession of
<br />the Property or the collection, receipt and epplication of rents, issues or proflts, Trustee or Lender shall
<br />be entitled to exercise every right provided for fn 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 en ection to foreclose this Deed of Trust as a mortgege, appoint a receiver or specifically
<br />enforce eny of the covenents hereof; and
<br />(c) Deliver to Trustee a written declaration of defeult 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 loceted; end
<br />(d) With respect to all or eny part of the Personel Property, Lender shall have all the rights end remedies
<br />of a secured party under the Nebreske Uniform Commerciel 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 end shell deposit with Trustee this Deed of Trust end the Note and such receipts
<br />and evidence of expenditures made and secured by this Deed of Trust as Trustee mey require.
<br />la) Upon receipt of such notice from Lender, Trustee shall ceuse to be recorded, published and delivered
<br />to Trustor such Notice of Default and Notice of Sale as then required by lew end by this Deed of Trust.
<br />Trustee shall, without demend on Trustor, after such time as may then be required by lew end after
<br />recordation of such Notice of Default and after Notice of Sale having been given es required by law, sell
<br />the Property at the time and plece of sele Nxed by it in such Notice of Sele, 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 />at public auction to the highest bidder for cash in lawful money of the United States payeble at the time
<br />of sale. Trustee shell deliver to such purchaser or purchasers thereof its good and sufficient daed 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
<br />person, including without limitetion Trustor, Trustee, or Lender, mey purchase et such sele.
<br />(b) As may be permitted by law, after deducting ell costs, fees and expenses of Trustee and of this
<br />Trust, including costs of evidence of title in connection with sale, Trustee shell apply the proceeds of sale
<br />to payment of (i) all suma expended under the terms of this Deed of Trust or under the terms of the Note
<br />not then repeid, including but not limited to eccrued interest and late cherges, Up 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, shell be entitled to enforce payment end
<br />performance of any indebtedness or obligations aecured by this Deed ot Trust end to exercise all rights and powers
<br />under this Deed of Trust, under the Note, under eny of the Related Documents, or under any other egreement or
<br />any laws now or hereafter in force; notwithstanding, some or all of such indebtedness and obligations secured by
<br />this Deed of Trust mey now or hereafter be otherwise secured, whether by mortgege, deed of trust, pledge, lien,
<br />assignment or otherwise. Neither the acceptence of this Deed of Trust nor its enforcement, whether by court
<br />action or pursuant to the power of sale or other powers conteined in this Deed of Trust, shall prejudice or in eny
<br />menner effect Trustee's or Lender's right to realize upon or enforce any other security now or hereafter held by
<br />Trustee or Lender, it being agreed thet Trustee and Lender, and each of them, shell be entitled to enforce this Deed
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