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Loan No: � 01255410
<br />DEED OF TRUST 2 � 1 w O s 3��
<br />(Continued) Page 7
<br />Breach 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 />limitetion any agreement concerning eny indebtedness or other obligation of Borrower or Trustor to Lender,
<br />whether existing now or later.
<br />Everrts Affect(ng QueraMor. Any of the preceding events occurs with respect to any guarantor, endorser, surety,
<br />or accommodation perty of eny of the Indebtedness or any guarantor, endorser, aurety, or accammodation perty
<br />dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any Guaranty of the
<br />Indebtedness.
<br />Adverse Change. A material edverse chenge occurs in Borrower's or Trustor's financial condition, or Lender
<br />believes the prospect of payment or performance of the Indebtedness is impaired.
<br />Insecurity. Lender in good fa(th believes itself insecure.
<br />Extsting Indebtedness. The payment of eny installment of principal or eny interest on the Existing Indebtedness is
<br />not made within the time required by the promissory note evidencing such indebtedness, or a default occurs under
<br />the instrument securing such indebtedness and is not cured during any applicable grece period in such instrument,
<br />or any suit or other action is commenced to foreclose any existfng lien on the Property.
<br />Right to Cure. If any default, other than a default in peyment is curable and if Trustor has not been given a notice
<br />of e breach of the same provision of this Deed of Trust w(thin the preceding tweive (12) months, it may be cured if
<br />Trustor, after Lender sends written notice to Borrower demending cure ot 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 />Lende� deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues and
<br />completes ell reasoneble and necessary steps sufficient to produce compflsnce es soon as reasonably prectical.
<br />RIGHTS AND REMEDIES ON DEFAULT. If an Event of Default occurs under this Deed of Trust; et any time thereafter,
<br />Trustee or Lender may exercise any one or more of the following rights and remedies:
<br />Acceleretion Upon Defauk; Additional Remedies. If eny Event of Defeult occurs es 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 peyable without any presentment, demand, protest or notice of any
<br />kind. Thereafter, Lender may:
<br />(a) Either in person or by egent, with or without bringing any action or proceeding, or by a receiver
<br />appointed by a court end without regerd to the adequacy of its security, enter upon end 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 desirable to preserve the velue, merketability or rentability of the Property, or part of
<br />the Property or interest in the 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 otherwise collect the
<br />rents, issues and profits of the Property, including those past due and unpaid, and epply the seme, less
<br />costs and expenses of operation and collection ettorneys' 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 profits, and the application thereof shall not cure or
<br />waive eny default or notice of defeult under this Deed of Trust or invalidate any act done in response to
<br />such default or pursuant to such notice of defeult; and, notwithstanding the continuance in possession of
<br />the Property or the collection, receipt and epplicetion 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 any event of default, including the right to exercise the power of sele;
<br />(b) Commence en ection to foreclose this Deed of Trust as a mortgege, appoint a receiver or specifically
<br />enforce eny of the covenants hereof; end
<br />(c) Deliver to Trustee a written declaretion of default end demand for sele and a written notice of default
<br />end election to cauae Trustor's interest in the Properry to be sold, which notice Trustee shell cause to be
<br />duly filed for record in the appropriete offices of the County in which the Property is loceted; and
<br />(d) With respect to all or any part of the Personal Property, Lender shall have all the rights end remedies
<br />of e secured party under the Nebraska 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 and the Note and auch 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 es then required by lew and 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 Defeult and after Notice of Sale having been given es 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, and in such order as It may determine,
<br />et public auction to the highest bidder for cesh in lawful money of the United Stetes payable et the time
<br />of sale. Trustee shall deliver to such purchaser or purchasers thereof its good and sufficient deed or
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