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��14�14�5
<br /> DEED DF TRUST
<br /> Lvan No: �7�4595�5 tContinued} Page 4
<br /> SE�URiTY AGI�EEMENT;�F�NANC�NG STATEMENTS. The following provisions rela�ing ta this Deed o� Trust as a
<br /> security agreemen�are a par��f this Deed of Trust:
<br /> 5ecurity Agree�nent, This ins�rument sha�� constitute � Se�uri�� Agreemen� �o �he ex��n� any of the Proper�y
<br /> �onsfi�ut�s �ixtures, arad Lender shall ha�e a[[ o�the r�ghts o�a se�ur-�d �party ;��der th� LJnifva-m Cvmmerciai Code
<br /> as amend�d�rom time to time.
<br /> SeGur��y Interes�. Upon request I�y Lender, Trustor shall take whate��r act�an is requested by Lender to perfec�
<br /> and continue Lenc�er's security in�er�s�in�he Persona[ Property. ln additivra�v recvrding this Deed of Trust in th�
<br /> real property records, Lender may, at any tim� and wi�hvu� �urther au�horization from Trus�or, file executed
<br /> caunterpar-xs, copi�s or �eproductions of this Deed o�f Trus� as a �Financing s�atement, Trus�or shall reimhurse
<br /> Lender �or all expenses incur�-ed in perfecting or continu�ng �his security interest. Upon default, Trus-�or sha[[ n�-�
<br /> r�mo�e, se�er or detach the Pe�sona[ Prap�rty �rom the Property. Up�n de�au[�, Trusto� shall assemble any
<br /> Persona[ Property nat a�F�ix�d �to th� Property in a manner and at a place reasonabiy convenient to Trustor and
<br /> Lender and mal�e i� a�ailable to Lender wi�hin thr�e �3} days afte� receipt of written demand from Lender to the
<br /> exten�permitted by app[icable law.
<br /> 1
<br /> Addr�sses. The mailing addresses of T�-ustor {debtar} and Lender �secured party} from which in�ormati�n
<br /> concerning the securi�y �nterest gran�ed by this De�d af Trust may b� ob�ained {�ach as required hy the Uni�orm
<br /> Commercial C�de� are as sfiated an the�irst pag�of this Deed of Trus�.
<br /> FURTHE� ASSUF�A�IfCESi ATT�RNEY-IN-FACT. The following proWisions rela�ing to further assurances and
<br /> attarney-in-fact are a part vf�his Deed o�f T�rust:
<br /> Further Assurances. At any�ime, and from �ime to tirne, upon reques�o�F Lender, Trustar itv�[[ make, e�€ecu�e and
<br /> deli�er, or wi[[ cause�o be made, executed vr deli�ered,�o Lender or�o Lender's designee; and when requested by
<br /> Lender, cause �o be filed, recorded� refi[ed, or rerecvrded, as the case may he, at sueh t�mes and in such v�ffrices
<br /> and p[aces as Lender may deem apprvpria�e, any and a[[ such mor-�gages, deeds vf trust, securi�y deeds, security
<br /> agreements, �inancing statements, cont�nuatiQn sfiatemenfis, ins�ruments o� further assuranc�, cert��icates, and
<br /> vthe�-documents as may, in�he sofe op�nion of Lender, be necessa�y or desirab�e in order to e�Ffec�uate, comple�e,
<br /> pe��ect, con�inue, ar preser�e ��� Trustor's obligations under�he Credi�Agreem�nt, this �eed �f Trust, and the
<br /> Re�ated Documen�s, and (�} the liens and security in�eres�s created by this Deed of Trust as�irs�and privr Iiens
<br /> on the Property, whether now owned or herea�ter acquired by Trustor. lJn�ess proh�bified by��w or Lender agrees
<br /> to the contrary i�}niriting f�rustor shall reimbu.rse Lender f�r all c�s�s and expenses incurretl in conn�ction�nrith�he
<br /> ma�ters refer�ed ta in this paragraph.
<br /> �lttvrner�-in-F�a��. l�Trustor fai[s to dv an�af�he things re�erred �o in the preceding paragraphr Lender may do so
<br /> for and in�h� name of Trusfior and a�T�us�tor's e�epense. For such purposes, Trusfior hereby i�re�ocably appoints
<br /> Lender as Trust�ir`s attorn�y--in--fa��for the purpose of making, executEng. deii�er�ng, filing, recording, and doing a!1
<br /> other �h:ings as may be necessary Qr desirable, in Lend��'s sole opinivn, to a��ompl�sh the mat�ers referr�d to in
<br /> the preced�ng paragraph.
<br /> FULL PE�F�R[tiItANCE. 1�Trustor pays all the [ndebtedness when due, �erminates the credit line accoun�, and �therwise
<br /> performs a[[the obligations impos�d upvn Trustor unde�-�his Deed of Trust, Lender shall e�ecute and deliver to T�rustee �
<br /> a reques� �or full recon�eyan�e and sha[[ execu�e and deliWer to Trustor suitab�e statements o� termination of any
<br /> -�inancing sfiat�ment on file e�idenc�ng Lender's securi-ty in�erest in �he Rents and �he Persona[ Property. Any
<br /> recon�eyance fee required by law sha[[ be paid b�Trustor�if permi��ed hy app�icabfe [aw.
<br /> EVENTS C3F DEFA4�LT. Trus�or wi[[ be an default under�his D��d a�Trust if any oT the �o([owing �happen; 41A} Trusfior
<br /> comrr�i�s fraud or rnakes a ma�eria[ r�isrepresen�ation a� any��'rne �n cvnnec�ion with the Credi� Agreerr�er��. This can
<br /> include, f�r example, a �alse st�atement abvut i ru��or°s ia�corr�e, ass��s, �iabi[ities, or �ny o�ther �spec-�s of Trus-�o�-rs
<br /> finaneial �ondi�iona �B� T�us��r does no�meet fhe rep�ym�r�t���ms ���he �redit Agreement. �G� Tr�s�to�'s act€on �r
<br /> Qnac�ion ad�e_�se[y af�ec$s the cv[[at�ra[ or Lender°s rights in �he c���.ate�a�. This can include, tor examp�e, fia�lure to
<br /> maintain requ�red insurance, waste or des�ructi�e use of the dw�[[ing, failure�o pay taxes, death of a[[ persons liab[e on
<br /> �he account, trans�er v�F title ar sale of the d�e[[ing, creativn ofi a senior [ien vn-the dwell�ng withou� Lender's
<br /> perr�nission, �Forec[osure by the hofder�f ano�her lien, or the use of#unds or the dwe�ling for prohibi-�ed purposes.
<br /> R�GHTS AND RENIEDIES ❑IV DEFAULT. If an E�ent of De�au[�t occurs under th.is Deed of Trust, at any time thereafter,
<br /> Trustee or Lender may exerc�se any one or more of the follov+�ing rights and remedies:
<br /> Accelerat�vn Upvn Default,Addition�f�emedies. [f any E�ent of�e�au[t occurs as per the terms o��he Credit
<br /> Agreemen�seGured hereby, Lender may dec�are all [ndebtedness secured by�his Deed o�Trust to be due and
<br /> payab[e �nd the same sh.a[[ thereupon become dr�e and p�yable without any pres�n�ment, demand, protes�or
<br /> nvtice of any k�nd. Thereafter, Lender rnay:
<br /> �a� Ei�he�- in person or �y agent; wi�h or w3thvu� bringing any ac�ion ar ���ceeding, ❑� by a �-eceiver
<br /> �ppoin�ed b�� c�ur�and witho��r�g�rd t��he ad�q�acy af its s�curity, er��er �apar� and �ake passession
<br /> �f�he P�-operty, or any par��hereo�, �n i�s own r�ame ar in the name of T��stee, and do any acts whi�h i�
<br /> deems necessary vr desirable to preserve�he�al�e, rnark�tabi[i�y vr ren�abi�i�ty of the Praperty. or par�a� �
<br /> the P�operty or interes� in the �Property; increase the income from the Property or protect the s�curi�y of
<br /> �he Property; and, with or withou� �aking posses.sion of �he Proper�y, sue for or otherwise co[[ect th�
<br /> rents, issues and pro�ifis of the Prope�y, �n�luding those pasfi due and unpaid, and apply the same, less
<br /> Cvsts and expenses of operation and co[lec�ion a��arneys' fees,to any indeb�ednes$secured by�his Deed
<br /> of Trus�, aI[ in such order as Lender may determine. The en�ering up�n and taking possessian of �he
<br /> Praperty, the collection of such renfis, issues and pro�i�s, anci the app[icatian �hereo�r shalE not cure ar
<br /> wai�e any d�fau[t o�- nvtice of default under�his Deed of Trust or invalidate any act dane in resp�nse to
<br /> su�h defaul�or pursuan�to such r�atice o�F de�au�tf and� no�withstanding the cantinuance �n possession�-�
<br /> �he Property or�he colleetion, receip� and applicatic�n of rents, �ssues ar prt��its, �rustee �r Ler�der shall
<br /> �e ent��[ed $o exercise e�ery righfi p���id�d far in �he Credi�Agreer�-�ent or the F�elated �oc�rr�+ents or �y
<br /> [arnr upo�the occurrence o�any e�ea��o�d�fa�lt, ancludirig the right�o exer�ise the p�wsr€��sa[e,
<br /> �b} ��rnme�ce an action�o �orec[ose this ��ed €��Trust as a mortgage, appvin�a rec�iv�r or speci�ically
<br /> enfvr�e any of the coWenan-�s hereof; and
<br /> �c} Deliver tv Trustee a wr'rtten de.c�arati�n of defauft and demand�For sale and a�rrit�en not�c�o�r default
<br /> and e[ection to cause Trustor's in�erest in�he Property to he sald, which na�ice Trustee shall cause to be
<br /> cIu[y filed for record �n the appropria#e offices of�he Caunty in which�he Proper�ty is[�cated;and
<br /> {d} 1111i�h respec��o a[[ o�any part vf�he Personal Property, Lender sha[f ha�e ail th� righ�s and remedies
<br /> o�a secured party unde�the Nebraska �niforrn Commercia;l Code.
<br /> Forec�vsure by P�wer�f Sale. lf Ler�der elects�v�vr�c;[ose by exercise of the Po�rver vf Sale herein conta�ned,
<br /> Lender s1�a�l n�tify Trustee and shall depo�it with �rustee th�s �eed a� Trus� �r�d th� �r�dit �gree�nent and
<br /> such receip�s ar�d��idence o�expendit�res rnade and secured by this Deed of Trust as Trus�ee rr�ay requiren
<br /> ;a� �Jpc�n �eceip�of such no�ice frorn Lender, ��ust�e sha[l cause to be recorded; pu�lished and del��ered
<br /> to Trustar su�h �[ot�ce o�Defau[-� and 1Vo�ice o� Safe as th�n r�quired �y lavv and b��h�s Deed ��Ts�us�e
<br /> Trustee shal�, wi�hou� deri�and on Trus�ar� after such �ime as may then be required by lav� and af�er
<br /> recordatior� o�su�h Natice of De�au�t and af�er �V�trce of Sale having be�n giWen as rec�uired b� �aw, sell
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