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<br /> • 24. Oov�minp L�w;S�v�r�blllty. Thia D��d of Tru�t sh�ll E� povern�d by lhe I�wi of ths St�ts oi Nsbra�ka. In th�
<br /> �v�nl any provl�ior. or el�u�� of thl� D��d of Truit aonllicts with spplic�bl� Law, �uch confilct thail not a(f�ct
<br /> olh�r provl�lon�of thl� p��d of Tru�t which can b�plven�(f�ct wlthout th�conflictlnp provlsione�nd lo thl��nd
<br /> th�provlilon�of thl�O��d oi Tru�t�n d�ci�nd to b� ��v�rabi�.
<br /> 23. ��.�a or o.r.uu. Each of th� follow!np ocournnc�� •h�ll Gon�tltute an evont of default hereunder (herelnafter
<br /> c�ll�d an'Ev�nt of Q�fault'):
<br /> (a) Truttor�h�ll hll to pay wh�n du��ny prinelpal,Inbr��t,or princlpal�nd Int�re�l on the Indsbt�dneu;
<br /> (b) Any w�rnnty oi Iltl�m�d�by Tru�tor h�nln�h�ll be untru�;
<br /> (c) Tru�tor �hall hll lo obs�rv� or p�rform�ny of th� covenrnti, apn�m�nt�, or condittone In thia Dead oi
<br /> 7ru�1;
<br /> (d) Any r�pn�snt�tion or w�rranty mad� by Truator on any finrncial �tatemsnts or reports aubmltted to
<br /> B�n�Hclary by or on b�htlf of Tru�tor�h�ll prov�f�ls�or mat�rf�lly mI�I��dinp;
<br /> (�) 7rwtor�h�ll hll to p�riorm or obprv�any of th� cov�nrnt�,conditlon�, or�pn�msnb cont�insd In, or
<br /> bindlnp upon Trurto► und�r �ny bulidlnp lo�n apn�m�nt, a�curlty apnsm�nt, lotn aprasmsnt, financinp
<br /> �tabm�nt,or�ny oth�r�pn�m�nt,In�trum�nt ar docum�nt sx�cut�d by Truttor In connsctlon wlth►he lo�n
<br /> �vid�nc�d by th�Nob;
<br /> (f) A tru�te�, r�alv�r, or Iiquld�tor of th� Trwt Prop�rty or of Tru�lor sh�ll b• appuinted, or�ny of ths
<br /> cnditor�of Yruitor�hall fll�� p�titlon In b�nkruptcy apaln�t Truitor, or for the norpanizatlon ot Trustor
<br /> pursuant to th�F�d�ral Bankruptcy Cod�,or�ny Nmilar law,whelher/sd�r�l or sala, and if suth order or
<br /> p�tidon ihall not b��I�ch�rp�d or diiml�s�d wlthln 30 d�ya�k�r the d�b on whlch such ord�r or p�titlon
<br /> was (il�d;
<br /> (p) Trwtor ahali flls a pstitlon punuant to th� F�dsnl Bankruptcy Coda or any�Imllar I�w, fed�ral or state,or
<br /> It Tru�tor shall b�adJudp�d a bankrupt,or be d�clusd In�olv�nt,or sh�ll m�k�an aulpnm�nt for Ih�b�n�8t
<br /> ot cr�dltors,or�h�ll�dmlt In writinp Its Inability to pay It�d�bt��s th�y b�com�du�,or shall cnnient to th�
<br /> ■ppointrrNnt of a nc�lvor of�II or�ny part of th�Trwt Prop�rty;
<br /> (h) Final Judpm�nt far th�paym�nt of mon�y sh�ll ba rsnd�nd apafn�t Trur.tor�nd T�ultor ihall not dischargo
<br /> it,or uw�It to be diich�rp�d,within 30 dayi aft�r th�sntry th�nol,or sh�ll not sppsal the•e f��m or fre i
<br /> th• ord�r, d�cn�, or procs�� upon which or pursuant to which th• Judpm�nt w�s pnnt�d, baa�d, or ►
<br /> �r.!�nd,�nd��cure a�t�y of�x�wtion pendinp Ih�appeal;
<br /> (I) Truator�hall aNl or convey Ihe Truat Property, or any part th�reo!, or �ny Interest thereln, or ahall be
<br /> dlv�ibd of Iti tIG�, or any Int�r�tt th�nin,In my m�nn�r or way, wh�th�r voluntarily or Involuntarily,
<br /> without th�writt�n con��nt of B�n�Bciary b�lnp flnt had �nd obtain�d; or ,
<br /> p) If Trwtor i�a corporatlon or partn�rthlp and mon than(Ifty p�rc�nt(60%)of th��har�t or b�eNicial In-
<br /> t�nsb In th�corporatlon or partn�r�hlp, as tha c��� m�y b�,�hall M tr�n�t�n�d or conv�y�d,+wh�th�r
<br /> volunt�rlly or Involuntarlly,wlMout th�wrltt�n con��nt of B�n�Nclary b�lnp�nt h�d�nd obtaln�d.
<br /> 28. Auwl�ratlon c(D�bt; FonGosun. Upon ths occurt�nc�ot�ny Ev�nt ot Default, or any tirrN th�natbr, 9�n�f1-
<br /> clary m�y,at Ib optfon,d�c�an all th�Ind�bt�dn�sa s�eur�d h�nby Imm�dlatAly due and p�yabt�,with Int�r�st at
<br /> th�d�f�ult rab,if sny,s�t forth In th�Not�,or oth�rwlN�t th�hlph��t rab p�rmltbd by I�w. and,trnlp�cUv�of
<br /> wh�th�r B�n�flGary�x�rcl���tht�optlon,It may, at Itn optlon�nd In Ib sol�diecnd�n, wlthout�ny furth�r notice
<br /> ar Cem_nd:a ar upan Truatcr,da ons ar mcsa of!he i�!!�:in�:
<br /> (a) B�nMclary may�nt�r upon,tsks po��es�lon of,m�n�pe�nd op�rat�th�Trutt Prop�rty or�ny put M�rsof;
<br /> mak�npaln and slt�raGon�and do�ny acts whieh B�n�flciary dNms prop�r to prot�et ih�a�eu�ity th�nof,
<br /> and�Ith�r with or without bklnp poa�a�lon, In It�own nart�,su�for or oth�ryvla� ooll�ct�nd��uiv�nnb,
<br /> iasw� �nd proflt�, includinp thost put du� �nd unpald, �nd apply th� sam�, I��s cosb and �My�n��s of
<br /> op�radon snd cdl�ctlon, includlnp r��sonable�ttom�y f���and B�nMeiary'a costa,u(ta�th� InMhlbqn�s� ,
<br /> s�cund h�nby�nd in tuch ord�r�i B�n�ficiary m�y detarmin�. Upon r�qu�st of B�n�flclary, TN'sto►:hall ,
<br /> •ss�mbl��nd�hsll m�k��vail�bl� to B�n�fld�ry�ny af ths Trwt Prop�rty which lu� bNn nmoved. Th� •
<br /> �nt��inp upon and tikinp pofi�alon ot th�Trwt Prop�rty,Ih�eoll�etion of�ny nnb,Itauu�nd profltf�,snd '
<br /> th��ppllcadon th�nof�i afon�sid,oh�ll not cun or walve any d��ault th�ntofon or th�n�ftK oeCUrtinp,
<br /> or�Hect�ny notic�of d�fault or natlu of tsfe h�nundsr or Invalldat�any act done pursu�nt to any'notiq.
<br /> Notwlth�tandinp B�n�flG�ry's wntlnuana in poss��slon or ncelpt and appliatlon of r�nb,Issu��a prM-
<br /> Its, B�n�ficiary sh�ll br entftl�d to ex�rcli� �v�ry ripht provid�d for in this D��d of Tru�t or by I�w upon or
<br /> att�r th�oeeun�nc� of�n Ev�nt of DNault, includlnp th� ripht to �x�rGr�th� pow�r pf��le. Any �f th�
<br /> acNans nf�►►�d to In thls parapraph m�y M t�k�n by B�nMcl�ry�t auch tlm��s B�mficl�ry may d�tKmin�
<br /> wltAout npard to th�ad�qu�cy of any ��cuNly for th� Ind�Atedn�s�s�eunQ h�r�by.
<br /> (b) B�n�flci�ry �hsll, wlthout npard to th�adaqu�cy oi�ny s�cuHty for th� Ind�Dt�d�ai s�currd hereby, b�
<br /> �ntltl�d to th�appbintm�nt of a nc�iv�r by�any court h�vinp ju�isdictlon,without nodu,to hk�po�i�aiion ot,
<br /> prot�et, end man�p� th• Trpst Prop�rty Mnd op�rat� the sam� end coll�ct t�• nnts, I�w�s �nd profit�
<br /> thenhom. �
<br /> (c) �BeMflcl�ry may brinp any potlon In �ny court of wmp�t�nt Jurladlctlon to ionclo�e thii DNd of Trwt or
<br /> enTac��ny of th• oov�n�nb h�noi.
<br /> (d) B�n�flciary may N�ct to eaus�tAe Trust Prop�rty or sny p�rt th�r�of to b�sold unMr th�pow�r of�aN,
<br /> and In tuch�v�nt, B�n�pclary a Tru�t���hall piv�sueh notic�of d�Tault�nd noda of aN�e� m�y b�
<br /> than r�qulnd by law. Th�naft�r, upon th��xplr�tlon of iuch tlm��nd the pirinp of�uch nodc�ot s�ls�•
<br /> may thon b�nquind by law,Trwt��,et th�tlm��nd pl�u ap�elllsd by th�nodw of�al�,ihall iNl.
<br /> th�Truit Prop�rty, o��ny p�rt thsnol speGfi�d by B�n�flelary, �t public�uction to Ih�hiph��t bidd�r fw
<br /> ca�h!n lawful mon�y of lh�Unitsd St�ht ot Am�ric�. Upon r�alpt of paym�nt of th�pria bid,Tru�tN
<br /> shall apply th�procNd�In th�iollowinp ordsr:(1)lo th�to�t rnd�zp�n���of�z�rdsl�p th� po�wr of
<br /> asl�and of the�al�,Includlnp but not Iimltsd to,trwh�'s f�ss a not mors than:500.00 plw 1/�% bf fhe
<br /> � • • pro�t t�l�prics,�nd nasonsbl��ttanay fe�r(il)to tn�Indebadn�aa;and(III) th��xc�u,If any, to th•
<br /> ' psnon a psr�qhs I�pally�ntlN�d th�rsto.
<br /> All cosb a►1d exp�nt�t Incurnd by B�nsflclary In entorclnq any rlyht under this �eed of Tr�st,includinp without
<br /> Ilmltatinn,abstnct or titl�i��i, �pprals�l fe��, pnmlumt for tltls Ineurance,attom�y f�ei�nd court coets,�hall be .
<br /> and constituto Ind�bt�dnsa�sscured h�reby.
<br /> 27. �ull��of Tru�t��. Tru�tor aprsa�that:
<br /> (a) Dull�i and oblipatlona of Truet�s�hall ba determined eolely by the sxpress provittone of thla Oeed of
<br /> Tru�t��d Truate� shall not be Il�ble except for the parformancs oi such dutlea and obliqatlona a� ars
<br /> sp�cifically est forth hsreln,and no ImpHed covenante or oblipatlone ehall be Impoeed upon TrustAe.
<br /> (b) No provlalon of thie Desd o}Truat ehall requira Truetee to expend or rlsk Ib own(unde,or otherwlae Incur
<br /> �ny flnanclal obllpation In the performance of any ot ita dutlea hereunder,or In the exercise of any of Its
<br /> ripht� or paw�n. .
<br /> (c) Tru�b�may Contult with counsN of Ib own choofinp�nd th� advi» ot wch couns�l�ha�ll b� full and
<br /> Compl�te autnoHZaaon ana protsaion m tne rap�cc oi any aciion i�k�n or sumr.d 'oy ii n•r.und.r in
<br /> pood t�ith �nd rell�ncs thenon.
<br /> (d) Truib��h�ll not be Ilable for any actlon t�kan by It In qood /alth and nasonably b�llsved Dy It to be
<br /> authoriz�d or wlthln Its dlaeretlon or riphty or powers eonforr�d upon !t by thl• De�d of Truet.
<br /> 29, S�curlly Apn�m�nt�nd Flxture Flllnp. Thls D�sd of Tru�t�hNl constitute a�acurity aflre�ment�nd ltxtun
<br /> Iitlnp und�r th�provlsion�of th�Nsbraaka Unliorm Commercial Cod�wlth r�spect to tho�b ilxturea dsacribad
<br /> In th�pnambt��h�nof��con�titutinp a p�rt of ths Tru�t Propsrty,topethsr with�I{oth�r prop�rty of Tru�tor,
<br /> �ith�r�Imll�r or dlsaimll�r to th��ame, now or here�R�r I�catsd at or on th�Truat Property.
<br /> Pap•�or s
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