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��14��114
<br /> I]EE�3 4�F TFi�JST
<br /> Loan Nv; 'I�7�7�1 D� ���ntinued} Page 7'
<br /> lnsecurity. Lender in good faith belie�es itself insecure.
<br /> Exis�ing [ndebtedn�ss. The payment o�any instal�men� of principal or any interes�on the Exis�ing �ndeb�edness is
<br /> nat made wi�hin the time required by�he promissory n��e e�i�l�nc�ng such indehtedness, or a default occurs under
<br /> the instrumen�securing such inde�tedn�ss and is not cur�d during any applicable gra�e period in such instrument,
<br /> ❑r any suit or other action is commenced to for�close any existing lien an the Property.
<br /> Right�o Cure. If any default, other than a default in payment is curable and if Trustor has not been gi�en a notice
<br /> af a breach of the same provisian of#his De�d o�F Trust within the pr���ding twel�e �1�� months� it may be cured if
<br /> Trust�r, after Lender sends writt�n n��ice to Borrower demanding cure af such de�fault: �1� cures the default
<br /> within fiifte�n �15} days; or {2} if�he cur� requires more than �i�tesn �15y days, immedia�ely initiates steps which
<br /> Lender deems in Lender's so�e discret�on to be suffici�nt t� cur� the default and �hereafter cont�nues and
<br /> completes all reasonable and necessary steps sufficient to produce campliance as soon as reasonably practi�al.
<br /> RIGHTS AND RE�ED�ES �N �EFAULT. [f an E�ent o�F aefault o�curs under�his Deed o�F Trus�. at any tim�thereafter,
<br /> Trustee or Lend�r may�x�rcise any one�r mare af th�fa�lflwing rights and remedEes:
<br /> Accelera�tivn Upan Defau[t: Addit�onal Remedies. I�any E�en� of Defauft ❑ccurs as per'th� terms �f the Nvte
<br /> secured hereby, Lender may declare all fndebtedn�ss secured by this Deed of Trus��o be due and payable and
<br /> the same shall thereupon be��me due and payable withou�any presentm�nt. demand� pratest or notice o�any
<br /> kind. Thereafter, Lender may:
<br /> �a} Either in person or by agent, wi�h or withau� bringing any action or proceeding, or by a r��eiver
<br /> appointed by a �nurt and wifihout regard t� th� adequa�y of its security, enter upan and take pvssession
<br /> af�the Property, or any part thereof, in its own name or in the name o�Trus�ee, and do any acts which i�
<br /> deems ne��ssary or desirable t� preser�e the value, marke�abil�ty or rentabi[ity of the Prop�rty� or part��F
<br /> the Prap�rty or in�er�st in �he Praperty; increase the income fr�m the Praperty or protec��he security o�
<br /> the Property; and, with or withou� �al�ing possession of the Praper�y, sue far nr oth�rwise collect the
<br /> renfis, issues and pro�its af the Proper-�y, inc�uding �hvse past due and unpaid, and app[y the same, less
<br /> casts and expenses ofi operation and collec�ion attorneys' f�es,�o any indehtedn�ss secur�d hy this Deed
<br /> of Trust, a�l in s.uch arder as Lender may determEne. The entering upan and taking pass�ssion �f the
<br /> Praperty, the collec�ian ofi su�h ren�s, issues and profits, and the application �her�o# shall not cure ❑r
<br /> wai�e any default vr natic� ofi default under this Deed vf Trust or invalidate any act done En response�v
<br /> such d�fault or pursuan�to su�h notice of de�Fauit; an�, notwithstanding the continuance in passessian af
<br /> �he Pr�perty vr the collectian, rec�ipt an� app[ica�ion of rents, issues �r profits, Truste� ar Lender shall
<br /> f�e �n�itled to exercise ��ery righ� pr��ided for in the �Vo�e or the Relat�d aocuments or by law upon #h�
<br /> �ccurrence of any�v�nt of default� including the righ��o exer�ise�he pawer af sa[�;
<br /> {b} Commen�e an a�tion to forec�vse this Deed o�f Trust as a ma��ga�e, appaint a receiver�r speciticaliy
<br /> enforce any of the co�enants here�f; and
<br /> tcf Delivsr�o Trus�ee a writt�n �eclara�ion of default and demand for sale and a written n��ice of defaul�
<br /> and election t❑ cause Trustor's interest in the Property to be sold, which notic�Trustee shall cause to be
<br /> duly filed far recvrd in the appropriate of�ices of the County in which the Proper�y is laGated; and
<br /> �d} VIlith respec��o all �r any part o�the Personal Praperty, Lender shall hav� all the rights and remedies
<br /> of a secured party under the Nebraska Uni�vrrn Commer�ia� Code.
<br /> For�Glvsure by Pawer of Safe. �f Len�er elec�s�o�oreclose by exercise a�the Pvwer of 5ale herein cantained,
<br /> Lender shal� natify Trustee and shall d�pasit with Trustee this Deed o�Trust and �h� Nvte and such receipts
<br /> and e�idence of expenditures made and secured by this Deed of Trus�as Trus�ee may require.
<br /> {a} lJpon receipt of such no�ice �From Lender, Trustee sha11 cause to be recorded, publish�d and deliWered
<br /> to Trustor such Natic� ofi De�ault and Nofice ofi 5ale as then required by law and by this D��d o�f Trus�.
<br /> Trustee shall, without demand on Trustor, after such time as may then be re�uired �y law and after
<br /> recordation vf such Natice of Default and a�Fter N�tice of Sal� ha�ing heen given as required by �aw, sell
<br /> �he Property at the tim� and place of sale fixed by it in such Noti�e o� Sale� either as a wh�le, ar in
<br /> separa�e ���5 �r parce[s ar items as Trus�ee shall deem expedient, and in such order as it may d�t�rmine�
<br /> at public auc�ion tv the highes�bidder for cash �n lawful money af th� Unit�d 5tates payab[e at�he time
<br /> of sale. Trustee shall deli�er �o such pur�haser or purchas�rs �hereaf i�s g��d and sufficient deed or
<br /> de�ds can�eying the pr�perty sa sold. but with�ut any covenant or warranty, express �r imp[ied. The
<br /> recitals in su�h deed of any matters or �acts shall be canclusi�e prvof of the truthfulness thereaf. Any
<br /> p�rson, including without limitatifln Trus�orf Trustee, or Lender, may pur�hase at such sale.
<br /> �b� As may be permitted by law, af�ter d�ducting all costs, �ees and expens�s of Trusfie� and ❑f this
<br /> Trus�, including cvs�s of��idenc���title in cvnnection with sa[�,Trus�ee shall apply the prac��ds o�F sale
<br /> to �aym�n��f �i} ail sums expended und�r th��erms of�his Deed of Trus�ar under�he terms af�he hlo�e
<br /> not then repaid, including but n�� limi�ed to accrued int���st an� late charges, {ii} all other sums then
<br /> se�ured hereby, and �iii7 th� remainder, if any, to the p�rson�r persons legally en�'rtled ther�to.
<br /> �c� Trustee may in the manner prv�ided by law postpone safe vf all or any porti�n af the Property.
<br /> Remedies Not Ex�lusi�e. Trustee and L�nder� and each o� them, shall be entitled t❑ �nfarce payment and
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