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201209196
<br /> DEED OF TRtJSI"
<br /> Loan No: 10004288 (CUnttr�ued) Page 5
<br /> ofi a breach of the same provision of ihis Deed of Trust within the preceding twelve (12) months, it may be cured if
<br /> Trustor; after Lender,sends written notice to Bcttrower derrtandfng cure of s'uch default:• (7) cures tihe default
<br /> within twenty(20) days; or (2) if tfie cure requires more than twenty (20} days, immediately i�nitiates steps wnich
<br /> Lentler tleem's in Lender's sole cliscretion to be si.ufificient to cure tFie defiault and thereafter continues and
<br /> completes all reasonable'and necessary_steps sufficient to produce compliahce as'soon as reasonably practicaL
<br /> RIGHTS AND^FtEMlED1E$"Cf11i DEFAULT. Ifi an'Event o�Default occuts under this Deed oT Trust, at any time thereafter,
<br /> Truseee qr Lender may ezercise any one or more ofithe followirig rights and remediesi
<br /> secured�Frereby, Lender may declare all Indebrtednes any Event of Default occurs as per the terms of the Note
<br /> Accelera#ion�1 ore Defau➢Y Adziitiona!Remedies. df
<br /> s secured,by this.De�d of TruSt to be due and payable and
<br /> the same shall'thereupors become:due and payable.witFrout any preserltment;demand, protes#or noiice of any
<br /> kind. Thereafter, Lender.may: r ,
<br /> ,(aY Either in person nr by ag'en�, wii'H or without bringing any action or proceeding, ar by a receiver
<br /> ' '`appointedp Y��or ny part'thereof,gnr'��ts o n�name or�q�e�aecurity,enter upon and take poSsession
<br /> _.of the:Pro e ame of�Trusrtee, and do any aets which it
<br /> - deems necesSary or.de"sirable.to preserve the-value, marketat3ility or rentability of the PropeRq; orpart of
<br /> . � .�,the Property or;interest�in ther.PYoper�y;�.increase Yhe�it�come�from the��Property.or prot�et the s�curiYy of
<br /> � ���;.the�Prapertq,<:��and, with or-�witf�out�taking possession ofi the:��Propecky;,sue-for��or otherwiSe��Coilec�t�Yhe
<br /> rents,.issues and profits ofi the�.ProperYy,inc[uding fihoSA past due and unpaid, and apply the same, less
<br /> costs and expenses of op"era[ion and collection attorneys' fees,to any�ndebtedness seeured�y this Deed
<br /> ` ofi Trust, all in;such order as Lencier riiay determine. 'The entering'upon anc!`taking:po�session ofi fhe
<br /> Piropertq, the coll'eciion'of such rents, �ssues and profits, and`the appfication *hereof shall not clire or
<br /> 'waive any default or no�ice of default untler ihis Deed ofiTrust"or invalidate anq act done i� respo�se-to
<br /> such defanit or�purSuant to such notice of default; and, notwithstanding'the continuance in possession af
<br /> the Property or'the collecfion, �eceipt and app�ieatitln of rents, issues or profits, Trustee or Lender shall
<br /> 'be e'nYitled "to eicerci'se every right provided for in the Note,or the Ftelated Doeum�nts or by law upon the
<br /> `'occu'rrenca'of any evenY of defaulf, including tlie right to exercise the`power ofi sa(e;
<br /> (6) Commence an action to foreciose Yhis Deed of Trust as a m6rtgage, appoint a receiver or specifical(y
<br /> `enforce any of'the coGenants hereof;and '
<br /> : (c) Deliver taSrustee a written dectaratian of defauft and d�mand for sale and a writfen norice of default
<br /> and election ia cause Ttustor's iMe�esY in the Property to be sold, which notice Trustee shall cause to 6e
<br /> duly'filed fior record in the app�opriate offices:of-the County in whi�h the ProperCy is located�and
<br /> (d) With respect to al!_or any part of the Personal Property, Lender shall have ail tne rights and remedies
<br /> ofi a secured party under the Nebraska`Uniform':Comm�t-cial Code:,
<br /> Foreolosure by Powec of Sale. IF Lentler�1�'cts to foreclose diy exercise of fhe Povnter of Sale herein eonfained',
<br /> Lender shall notifiy Trustee and shall deposit with Trustee t�is Deed of Trust and Yhe Note and such receipts
<br /> and'evidence ofi expenditures made and secured 6y this Deed of Trusfi as Trustee may require,
<br /> (�) Up9n receipt ofsuch•notice firom Lender,Trusfae shall causato be"recorded, published and deliveted
<br /> to TrusYor sueh Notice,of Default and'Notice,of Sale as then required by law and by this Deed of Trust.
<br /> Trustee'shall, without'demanci on Tru,stor; aiYer such.time as may then be. required by law and,after
<br /> recordation of such Notice of'Defiaulf and afiter Notice of Sale having 6een giYen as required by law, sell
<br /> °.>the Property atthe time and place of s�le fixed by it in sueh [Votice of Sale, either as a whole, or in
<br /> - ��-�.:separate lots�or parcels-or items asTrws`tee shall deem�expetlienf,and�m such'�o�der as'�iC'mayde'terinine`,
<br /> -��:� a't public auction�to the�:higheSt�bidder-for casn�:in�lawfetl money of th'e+.Elnited��State� payatile a#�Yhe�Yime
<br /> : ofi sale,; Truste� shal[.deliv�r;;to such::purchaser o� pairchasers�ttie�eof iYs good`and'sufficienf"deeri-or
<br /> y" g �fne property;so sold,:�but without 8ny �avenar}'r or warranty,..expres5,a� implied�. The
<br /> ` ' reco als nnsucti'deed of an' matYers or'facts shal( be conclusive proof'ofi the truthfiuln�ss Yh�reof. Any
<br /> �, �.. .r-. person;.including withaut Iimitation:T�ustor,Ttustee,or'�'Lentler�,��rnay�puYchase��at sucn sale.� -� � � �
<br /> (b) As may be permitted by:,law, after deducting all costs, fees anel expenSes of Trustee;and ofi this
<br /> ��� �.�Trust,including�costs ofi evidence ofi title irt conneCtion with"sale„Trustee sfiall�apply,the proceeds of sale
<br /> ' to payment of,`:(i) alf sums expended under the terms of;this Deed of Trust or under the terms of the Nofe
<br /> not then.repaid, including but not,limrted to acc�ued inteFest and_late,charges,. (u all other sums then
<br /> ` secured��iereby,and {�j�}the remainder;if'any,tb the qerson oc persbns)egally entitled t-hereto:
<br /> �; (c) Trestee may in the�.msnner��provided by lawi`pos'tporie sale ofi"�IC or��any portiori of the'Prdperfy. �� � � '
<br /> "��Remeciies 9Vot Exclasive. Trustee and, Lende�,' and each of fherct, shal! be,,.�enYitled :to enforce payment and
<br /> �.performance of eny inde6fednes5 or obligations��secured�by'this Deed of.�rust�ntl Yo exe[cise all��-rights and poweYs
<br /> � -under tFiis Deed'bf Trust, uiide��Yhe.Not2, tand'e�ar5y�of the Related Documents;��or.under any other�agre�menY or
<br /> any.�laws now,:or hereafiter in-force; notvvithstariding, some dr=all��of sUch��iridetiXedness'and'obligations�secuYed 'oy
<br /> th7s Deed of Trusf may novv or hereafter be otheewi'se'securetl,whether 6y rriorfgage,.deed of trust, pledger 1ie'ra,
<br /> assignment or atherwise.- Neither the accepfance of"'[fiiss Deetl'of TPust nor-its enforcement•; whether by czsUrt
<br /> actiorn�-or pursuant to'�fie�powet�:i�f sale-'�or'oth�T�poweis con'Cained in fhis De'ed'of Trust; shaiT prejudice'�or in any
<br /> manner affEct Trustee's:or Lender'"s righf to realize upon or'enfor�e anY+other secul-ity now or hereafee� held by
<br /> Trustee.or Ler�der,.it being agreed that-�T�ustee and Lerid"eq and-�'ach af�theM, Sli�ll be entitletl Td'enforce�#his'Deed
<br /> of TruSt�and any otherrsecuritiy:now or�hereaffer held�,by�Lend�r or TrGstee in such orde'r and�:manner��'as they�o�
<br /> either-.o`f theri�;may in'�;their absolufe, discretion��tleterrriine: No remedy�eonfierred u�son'or F�eserved to'�Ti-u'sYee'�o��r
<br /> Lender;_is intendetl to be exclusive of any'oYher remedy in ihis Deed of•Tr'ust or by law`provided or pei`mittetl, but
<br /> each sHali be cumulative and sha❑ be.in addition to.,every otfie.r.remedy��givert in this �eed of Trust or now or
<br /> hereafte�existing at law'6r in"equity,or by statute. Every power or remedy given by the Note or any of the Related
<br /> 6ocuments to 'Tntstee`�,or Lender or to which� either bf Iherri� may be otherwise enti�led, may be -.exercised,
<br /> concur�enfly or�ndependently,..firom time to time and as`�often.as may be deemetl expedient by:,Trustee-�or Lender,
<br /> and 'either o'f Yhem' may pursue inconSisfent remedies. Noihing in����Yhis Deed of TrusY shall� be construed as
<br /> proNibiting Lend�r ,"rom seekirng a de�ic�ency,judgm�nt agaihst tFue TrUstor to'the'extent`such action is permitted by
<br /> law. _. .. .. ..,, ... . . . , ..� ., . � � .: . . . .. . . �. �. .
<br /> ElecEion� ofi�Re�'� � � s��'rights and remedies will be .cumulative and may be�� exercisec9�.,alone or
<br /> medies. ��AII of Lender'
<br /> toge'th��r. Ifi Lender decid'es to spend money or��Yo pefforM any.of TrustoF's obligations�.under��this�Deed of.Trust,
<br /> after'Trustor's�failure'to clo so;��that decision�by Lender will nof��affect Lender's��right fo tleclare Trustor in�default
<br /> . .. -and to exercise:�Lender's remedies�. �
<br /> `��Req�es`[fot Noticet'Trus'tor, ori��behalf of Trusfor and Lender;��hereby requests that a copy of any Notice ofi C�efiault
<br /> and a:copy of-any Notice of Sale under 2his Deed of T�ust be mailed 'to tiiem at-tt�e addtesses set fiorth in the first
<br /> paragrapF�ofi�this Deed of Trust. . . , �, , � ... �
<br /> AtEorneys' FeesC�;F�cpenses. �•'Ifi��Lender�.institutes any suit or action io enforce--any-of the terms o`F this�Deed�of �
<br /> Trust;�,Lender<shail b�'entitfed��to recover suCh�sum a�`Sh'e cOurt�irray a'djudge reasonable'as��attqrneys'--fees at��trial
<br /> and upon any�-:appeaL�::�Wi�ethee or not.�any Court �cfian is'invalu�d,�and`Yo the�exten'C not pFohibited��by law,�a[I
<br /> reasonab[e expenses�Lentlerr�incurs that in����Lender'���opinion�,:are�necessary at���.any time fioY Yhe��proYection of���fits
<br /> interest�.or the_enforcement of its�rights-shall become�a part ofi��tFie Indebtec]ness paya6le�an demand and�-si�all beaY
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