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��14�3�1�
<br /> vEEv oF TRu�T
<br /> �C�ntirlued� Page 5
<br /> effect �inciud�ng �ailure vf any �vE�ateral dvcument tv create a �alid and perfected security interest vr fienj at any
<br /> time and fvr any reason.
<br /> Death or Insotvency. The dissvlution ❑r te�mination vf Barrvwer's or Trust�r's existen�e as a gving business, the
<br /> insal�ency vf Bvrrower v� Trustor, the appvintment vf a recei�er#or any part of Borrvwsr's or Trust�r's praperty,
<br /> any assignment fvr the h�ne#it vf creditors, any type of��editor work�ut, or the cvmmencement of any proceeding
<br /> under any bankruptcy vr insvE�ency Eaws by❑r against Borrvwer or Trustor.
<br /> Creditor ar Forfeiture Prviceedings. Comm�ncement vf fareclosure or forfeiture proceedings, wheth�r by jud�cial
<br /> prviceeding, self-h�lp, repassession or any other methvd, by any creditvr of Bvrro►rver ar Trustvr vr by any
<br /> go�ernmental agency against any prvp�rty securing the lndeb#edness. This includes a garnishment of any vf
<br /> Borrnw�r's or Trustor's accvunts, including deposit accvunts, wi#h Lender. Hvwe��r, this E�ent vf Default shall
<br /> nvt apply if there is a gvvd faith dispute by Bvrrawer or Trustvr as to th� �alidity vr reasonab�eness af the �laim
<br /> which is the basEs of the cr�dEtor vr forfeiture proceeding and if Borrower or Trustor g��es Lender written notice af
<br /> the creditor vr forfeiture procesding and deposits with Lender mvnies or a surety bond for the creditvr vr fvrfeiture
<br /> prviceeding, in an amaunt detsrmined by Lender, in its sv�e discretivn, as being an adequate reser�e❑r band f�r the
<br /> dispute.
<br /> Brsach o#�ther Agreement. Any breach by Bo�-�ower vr Trustvr under the terms vf any other agreement between
<br /> B�rrower or Trustor and Lender that �s not remed�ed wEthin any grace perivd p�o��ded therein, in�luding without
<br /> ��mitativn any agreemen� cancerning any indebtedness or other obliga�ion v# Borro►rver vr Trustvr tv Lender,
<br /> whether existing now ❑r later.
<br /> E�ents Affecting Guarantor. Any vf the preceding e�ents occurs with resp��t ta any Guarantor of any of the
<br /> Ind�btedness o� any Guaran#ar dies ❑r becomes incampetent, or re�okes vr disputes #he �alidity of. or liability
<br /> under, any Guaranty vt the Indebtedness.
<br /> Ad�erse Change. A material ad�erse �hange oc�urs tn Barrower's vr Trustvr's financia� cvndition, ar Lender
<br /> belie�es the prospect vf payment ar perfvrmance vf the lnd�htedness is impaired,
<br /> Insecur�ty. Lender in good#aith belie�es itsel#insecure.
<br /> RIGHTS AND REMEDIES �N DEFAULT. If an E�ent of Defauit o��urs under this D��d vf Trust, at any time thereafter,
<br /> Trustee vr Lender may exer�ise any ons or more af th�following rights and r�medies:
<br /> Accslerat�vn Upon Default; Additivnal Remedies. if any E�ent vf Default occurs as per the terms a�the Nate
<br /> secur�d hereby, Lender may declare a�� lndehtedness s�cured by this Deed of Trust tv be du� and payable and
<br /> the same shall�hereupon be�vme due and payalale withou�any pr�sentment, demand, pratest vr notice o�any
<br /> kind. Thereafter, Lender may:
<br /> �a� Either in p�rson vr by ag�nt, with or with�ut bringing any action ar proceeding, ❑r hy a recei�er
<br /> appointed by a �ourt and wEthout regard to the adequa�y ❑f its security, enter up�n and take possession
<br /> ❑f th� Property, vr any part thereof, in its own name or in the name vf Trustee, and do any acts which �t
<br /> d�ems ne�essary vr desirable to preser�e#he �alu�. marketahility or rentability o�the Praperty, or part of
<br /> the Prvperty �r inter�st in the Property; increase the �ncome fram the Prvperty ❑r protect the security ❑f
<br /> the Property; and� with vr withvut taking possession o# the Praperty, sue fvr vr otherwise co[�ect the
<br /> �ents, issues and prafits of the Property, includ�ng thvse past due and unpaid, and app�y the same, less
<br /> costs and exp�nses of operati�n and callection attorneys' fees, to any indehtedness se�ured �y this Deed
<br /> of Trust, all in such vrder as Lender may determine. The entering upan and taking possession ❑fi the
<br /> Prvperty. the collection af such rentsr 155LiQ.5 and profits. and the applicati�n therevf sha�E not cure �r
<br /> wai�e any default �r notE�e of default under this Deed ❑#Trust vr �n�alidate any a�t done in response to
<br /> such de�ault❑r pursuant tv such noti�e of default; and. notwithstanding the continuance in p�ss�ssion vf
<br /> the Property or the collection, receipt and application ❑f rents, issues ar profits, Trustee or Lender shal�
<br /> be entit�ed tv exercis� e��ry right prv�ided for in the Nvte vr the Refated Documents vr by �aw upon the
<br /> occurrence vf any e�ent of defau�t, including the right to exercise the pvwsr of sale;
<br /> {b� Cammence an ac#ion to fareclose this Deed ❑f Trust as a mortgage, appoint a rece��er or specifically
<br /> enfvrce any vf the co�enants hereaf; and
<br /> tcy ❑eli�er t❑T�ustee a written deciarativn of defauit and demand for sale and a written notice of default
<br /> and ele�tivn tv cause Trustvr's interest in the Praperty ta be sold, whtch notice Trustee shall cause t❑ be
<br /> duly filed fvr record in the appropriate o�fices of th� Coun#y in whi�h the Prvperty is Iocated; and
<br /> �d} With respect t❑ aIf ❑r any part of the PersonaE P�vperty, Lender shall ha�� all the rights and remedies
<br /> of a secured party under the Nehraska lJnifiorm Commerc€a� Cod�.
<br /> Foreclvsure by Pvwer af 5ale. If Lender elects tv forecEvse by exer�ise vf the Pawer of SaCe h�rein contained,
<br /> L�nder shall nvtify Trustee and shall deposit with Trustee this Deed of Trust and the Note and such re�eipts
<br /> and e�idence❑f expenditures made and secured by this Deed of Trust as Trustee may requi�e.
<br /> �a� Up�n receipt�f su�h notice from Lender, Trustee sha�1 cause to he recorded. published and de�i�ered
<br /> to T�ustor such Notice vf Defau�t and Natice vf Sale as th�n �equi�ed by law and hy this Deed of Trust.
<br /> Trustee shal�. without demand on Trustvr, after such time as may then be required by faw and after
<br /> reco�dation vf such Natice v# Default and a#ter Nv#ice vf Sa[e ha�ing �een gi��n as requi�ed by 1aw, sell
<br /> the Property at th� time and place �f sale fixed by it in such Notice of 5aie. eithsr as a whole, vr in
<br /> separate lots vr parce�s or items as Trustee shall deem sxpedien�, and in such order as it may determine,
<br /> at public auctivn to the highest bidder far �ash in lawful money of#he LJnited States payable at the time
<br /> ❑f sal�. Trustee shall de�i�er tv such purchaser vr purchasers therevf its good and su�#icient deed vr
<br /> d��ds con�eying the property so sold, but with�ut any ca�enant or warranty, express or implied. The
<br /> recitais in such deed of any matters vr #acts shali be conclusE�e prvof ❑f the #ruthfulness thereof. Any
<br /> person, including withvut�imitativn Trustar, Trustee, or Lender, may purchase at such sale.
<br /> �by As may be permitted by law, aft�r deducting all costs, fees and expens�s of Trust�� and af this
<br /> Trust, in�luding �osts vf e��dence vf title in conr�ect�on with sale, Trust�e shall appfy the proceeds of sale
<br /> to payment o# �i� all sums expended under the terms vf this Deed �f Trust ar under the terms of ths Note
<br /> not then repaid. including but nvt limited tv accrued interest and late charges, {ii� ail ather sums then
<br /> secured hereby, and �iii} the remainder, i#any, tv the person vr persons legally entitled thereto.
<br /> tc� Trustee may in the manner pro�ided hy law pastpone sale vf all or any portivn of the Prvperty.
<br /> Remedies Not Exclusi�e. Trustee and Lender, and each of them, shall be entitled to enforce payment and
<br /> performance af any indebtedness or obligations se�ured by this Deed❑t Trust and t� exercise ail rights and powers
<br /> under this ❑eed af Trust, under �he [Vote, under any of the Related Documents, ❑r under any oth�r agreement ❑r
<br /> any laws now or hereafter �n force; notv►rithstanding, some ❑r all of su�h indebtedness and �bligations s�cur�d by
<br /> #his Deed ❑f Trust may now or hereafter be otherw�se secured, whether by mo�tgage, deed of trus#, pledge. lien,
<br /> assignment or otherwise. Neither the acceptance of this ❑eed ❑f Trust nor its enforcement, v+►hether �y court
<br /> action ❑r pursuant to the power vf sale or other powers contained in this Desd o�Trust, shall prejudice vr in any
<br /> manner affe�t Trustee's or Lender's right to realize upon ar enfvrce any vther securEty naw vr hereafter held by
<br /> Trustee vr Lender, �t being agreed that Trustee and Lender, and each vf them, shal! h�entitled t�en�orce this ❑eed
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