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F 1 <br />. : �.. ,� . .. <br />Loan No: 101253817 <br />20i2n49i� <br />DEED OF TRUST <br />(Continued) <br />P�ge 4 <br />Foreclosure by Power of Sale. If Lender elects to foreciose by exercise of the Power of Sale herein contelned, <br />Lender shall notify Trustee end shell deposit with Trustee this Deed ot Trust end the Credit Agreement end <br />such receipts and evidence of expenditures made and secured by this Deed of Trust es Trustee mey require. <br />(a) Upon receipt of such notice from Lender, Trustee ahall cause to be recorded, published end delivered <br />to Trustor such Notice of Default and Notice of Sete as then required by law end by this Deed of Trust. <br />Trustee shall, without demand on Trustor, after such time as may then be required by law and efter <br />recordation of such Notice of Default and efter Notice of Sale having been given as required by lew, sell <br />the Property at 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, end in such order as it mey determine, <br />at public auction to the highest bidder for cesh in lawful money of the United Stetea payable et the time <br />af sale. Trustee shell deliver to such purchaser or purchasers thereof ita good and sufficient deed or <br />deeds conveying the properry so sold, but without any covenant or warranty, express or implied. The <br />recitals in such deed of any metters or facts shell be conclusive proof ot the truthfulness thereof. Any <br />person, includtng without Ilmitation Trustor, Trustee, or Lender, may purchase at such sale. <br />(b) As may be permitted by lew, efter deducting ell costs, fees end expenses of Trustee and of this <br />Trust, including costs of evidence of title in connection with sale, Trustee shell apply the proceeds of sele <br />to payment of (i) all sums expended under the terms of this Deed of Trust or under the terms of the <br />Credit Agreement not then repaid, including but not limited #o accrued interest and lete cherges, (ii) all <br />other sums then secured hereby, and (ili) the remeinder, ff eny, to the person or persons legelly entitled <br />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 any indebtednesa or obligations secured by this Deed of Trust and to exercise ell rights and powers <br />under thia Deed of Trust, under the Credit Agreement, under any of the Related Documents, or under any other <br />agreement or any laws now or hereafter in force; notwithstending, aome or all of auch indebtedness end <br />obligations secured by this Deed of Trust may now or hereafter be otherwise secured, whether by mortgage, deed <br />of trust, pledge, lien, essignment or otherwise. Neither the acceptance of thls Deed of Trust nor ita enforcement, <br />whether by court action or pursuent to the power of sele or other powers contained in this Deed of Trust, shell <br />prejudice or in any menner affect Trustee's or Lender's right to realize upon or enforce any other security now or <br />hereafter held by Trustee or Lender, it being egreed that Trustee end Lender, and each of them, shall be entitled to <br />enforce this Deed of Trust end any other security now ar hereafter held by Lender or Trustee in such order end <br />manner es they or either of them mey in their absolute discretion determine. No remedy conferred upon or <br />reserved to Trustee or Lender, is intended to be exclusive of any other remedy in this Deed of Trust or by law <br />provided or permitted, but each shall be cumuletive and shall be in additton to every other remedy given in this <br />Deed of Trust or now or hereafter existing at law or in equity�or by statute. Every power or remedy glven by the <br />Credit Agreement or eny of the Related Documents to Trustee or Lender or to which either of them may be <br />otherwise entitled, may be exercised, concurrently or independently, ftom time to time end as often es mey be <br />deemed expedient by Trustee or Lender, and either of them mey pursue inconsistent remedies. Nothing in this <br />Deed of Trust shall be construed es prohibiting Lender from seeking a deficiency judgment against the Trustor to <br />the extent such action is permitted by lew. <br />Electlon of Remedies. All of Lender's rights and remedies will be cumulative and may be exercised elone or <br />together. If Lender decides to spend money or to perform any of Trustor's obligations under this Deed of Trust, <br />after Trustor's failure to do so, that decision by Lender will not affect Lender's right to declare Trustor in default <br />and to exercise Lender's remedies. <br />Request for Notice. Trustor, on behelf ot Trustor and Lender, hereby requests thet e copy of any Notice of Default <br />and a copy of any Notice of Sale under this Deed of Trust be mailed to them at the eddresses set forth in the first <br />peregraph of this Deecl of Trust. <br />Attorneys' Fees; Expenses. If Lender institutea any auit or action to enforce eny of the terms of this Deed of <br />Trust, Lender ahall be entitled to recover such sum as the court may adjudge reasoneble ea attorneys' fees et trial <br />and upon eny eppeal. Whether or not any coun action is involved, and to the extent not prohibited by law, all <br />reasoneble expenses Lender incurs that in Lender's opinion are necessary at eny time for the protection of its <br />interest or the enforcement of its rights shell become a pert of the Indebtedness payeble on demand and shall bear <br />interest at the Credit Agreement rate from the dete of the expenditure until repeid. Expenses covered by this <br />paregraph include, wlthout limitation, however subject to eny Iimits under appliceble law, Lender's attorneys' fees <br />and Lender's legel expenses, whether or not there is a lawsuit, inctuding attorneys' fees and expenses for <br />bankruptcy proceedings (including efforts to modify or vacate eny autometic stay or injunction), appeals, and eny <br />anticipated post-judgment collection services, the cost of searching records, obtaining title reports (including <br />foreclosure reports►, surveyors' reports, end appraisel fees, t(tle insurance, and fees for the Truatee, to the extent <br />permitted by applicable law. Trustor also will pay any court costs, in addition to all other sums provided by lew. <br />MISCELLANEOUS PROVISIONS. The following miscellaneous provisions are a part of this Deed of Trust: <br />4 <br />Goveming Law. Thls Deed of Trust will be governed by federal law eppticable to Lender and, to the exter�t not <br />preempted by federal law, the laws of the State of Nebraska wlthout regard to its conflicts of law provlsions. This <br />