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��14�37�4
<br /> DEED �F TRL1�T
<br /> ���t�tinu�d� Page �
<br /> law upon fihe vccurrence of any e�ent of default, includ�ng the right to exe�cise the pvw�r ot sale;
<br /> {b� Cammence an ac�ion�o foreGl�se�his Deed af Trusfi as a mor�gage, appoint a recei�er ar specifica�ly
<br /> enf�rce any of the co�enants herevf; and
<br /> {�} Deli�er ta Trust�e a�r+rritten declaration of default and demand for sale and a written n�fiice of default
<br /> and electivn ta cause Trustor's in�e�est in the Pr�perty to be sofd, which notice Trustee shail cause fiv be
<br /> duly filed for record in the appropr�ate of#ices o�fih� Cvunty in which the Property is lacated; and
<br /> {d} Vllith respec�t❑ afI ar any part Qf the Pers�nal Prvperty, Lender sha11 have all the rights and remedies
<br /> of a s�cured par�y under�h� fVebraska Unifarm Commercial Code.
<br /> Foreclvsu�e by Pvwer of Sale. �# Lender elects t�forecl�se by exercis� o�the P�wer o�5ale herein contained,
<br /> Lender sha[� noti�y Trus�kee and shal� deposit with Trustee this Deed of Trust and the Credit Agr�ement and
<br /> such receip�s and e��dence o�expenditures made and secured by this Deed of Trust as Trustee may require.
<br /> �a} Upon receipt of such notice frvm Lender, Trus�ee sha!! cause to be recvrded, puE�lished and delirrered
<br /> �� Trustar such Notice of Default and Natice of 5ale as then required by law and by thEs Deed of Trust.
<br /> Trus�ee shall, without demand on Trust�r, after such fiime as may then be requi�ed by law and after
<br /> recordat�on o�such N�tice �f Default and after Nvtice of 5ale ha�ing been gi�en as required by law, sel[
<br /> the Property at the time and place ofi sale fiixed hy it in such Notice of Sale, either as a whale, or in
<br /> separate lots vr parcels vr items as Trustee sha11 deem expedient, and in such order as it may determ�ne,
<br /> a� pub[i� aucti�n t� the highest bidder-�or cash in lawful mvney vf the Uni�ed States payab[e at the time
<br /> �f sale. Trustee shall deli�er �o such pu�chaser or purchasers thereof its gvod and sufficient deed vr
<br /> deeds �an�eying the property so so�d, but without any co�enant or v►rarranty, express or implied. The
<br /> recitals in such deed of any matters or facts shal� bs �anclusi�e provf flf the truthfuln�ss therev�f. Any
<br /> person, including withvut limitation Trustor,Truste�, �r Lender, may purchase at such sale.
<br /> �f�} As may be permitted by �aw, a#ter deducting aI� costs, fees and expenses of Trustee and of th�s
<br /> Trust, including costs of��idence❑f title in canneGt�vn with sale, Trustee shaC{ apply�he proceeds of sa�e
<br /> t� payment vf ��� all sums exp�nded under the terms v� this Deed vf Trust or under the fierms of the
<br /> Credit Agreement nvt then repaid, inc[uding t�ut n�t limited to a�crued interest and late charges, �iiy all
<br /> v�her sums then secured hereby, and �iii} the remainder, if any, to �he person or persvns legally en���led
<br /> the�eto.
<br /> {c� Trustee may in the manner pro�ided by law postpvne sale of a!i vr any portivn of the Praperty.
<br /> Rer�eddes No�t Exclusi��. Truste� and Lender, and each of them, shall be entitled to en�orce payment and
<br /> per�armance of any indebtedness vr obligations secured by this Deed�f Trust and to exercise ail righ�s and p�wers
<br /> under this Deed �f Trust, under the �redit Agreemen�, under any of the Related Dvcum�nts, ❑r under any other
<br /> agreement or any [aws n�w �r hereafter in fvrGe; na�twithstanding, some or a�i o�f such indeb�edness and
<br /> vb[�gations secur�d by this Deed vf Trust may n�w vr hereafter be o�herwise se�ured, whether by mortgage, deed
<br /> af trus�, pledge, lien, assignm�nt vr otherwis�. Nei�her�he a�ceptanc� o�this �e�d o�Trust nor i�s en��rcement,
<br /> whether by c�urt ac�ion or pursuan� �v the power vf sa[e or other powers contained in this aeed of Trust, shal!
<br /> prejudice or in any manner affect Trust�e's or Lender`s right to r�alize upvn or enforce any❑ther security nvw ar
<br /> h�r�a�fter h�ld by Trustee or Lender, it being agreed that Trustee and Lender, and each of them,shali be entitled to
<br /> en�vrce �his ❑eed of Trust and any o�her security naw or hereafter held by Lender vr Trustee in such order and
<br /> manner as they or ei�her of fihem may in their abs�lute discret�on d�t�rmine. Nv r�medy conferred upon or
<br /> reser�ed to Trustee or Lender, is intended to be exGlusirre vf any other remedy in �his D�ed of Trust or by faw
<br /> prv��ded vr permitted, bu� ea�h shall be cumulati�e and sha[[ be in addition ta ��ery other remedy given in this
<br /> Deed �f Trust or now ❑r hereafte� existing at lav►r or in equity or by statut�. Ev�ry power or remedy gi�en by the
<br /> Credit Agre�men� or any of the F�elated ❑ocuments to Trustee or Lende� vr �o which either of them may be
<br /> otherwise entit[ed, may be exer�ised, concurr�ntly �r �ndependently, fram time to time and as of�ten as may be
<br /> deemed e�cpedient by Trusfee ar Lende�r, and either o� them may pursu� inc�nsistent remedies. Noth�ng in this
<br /> ❑eed o�Trust sha�f be c�nstrued as prohibiting Lender from seeking a deficiency judgment against the Trustor�o
<br /> the extent such action is permit�ed by iaw.
<br /> Ele�t�on of Re�nedies. All of Lender's rights and r�medies will be cumulative and may be ex�rcised alone vr
<br /> tvg�ther. if Lender decides �❑ spend mvney �r t� perfvrm any of Trustvr's vbligativns under �his Deed of Trust,
<br /> a�fter Trus�or's �ailure t� do so, that decision by Lender will not affe�t Lender's right t� declare Trustvr in default
<br /> and to exercise Lender's remedi�s.
<br /> Request�For Noti�e. Trustor, vn behalf vf Trustor and Lender, hereby requ�sts that a copy of any No�ice of Default
<br /> and a copy of any No�ice of Sale under this Deed vf Trust be mai[ed tv them a�the addresses set forth in the first
<br /> paragraph of this ❑eed of Trust. .
<br /> At�orneys' Fees: Expenses. l� Lend�r ins�ifutes any suEt or act�on to enfvrce any vf the �erms of,this Deed af
<br /> Trust, Lender shalf f�e entitled to rec��er such sum as the court may adjudge reasonable as attvrneys' f�es at trial
<br /> and upvn any appea[. Whether or not any court activn is inrrvl�ed, and to the extent not prohibited by law, all
<br /> reasonable expenses Lender incurs that in Lender's vpinion are necessary a� any time for the protection of its
<br /> interest or the enforGement vf its rights shaf� become a part❑f the lndebtedness payable on demand and shall bear
<br /> interest a� the �redi� Agreement ra�e from the date vf the expendi�ure until repaid. Expenses co�ered by this
<br /> paragraph include, ►►vithout limitation. hawe�er sut�jec� �o any limits under appiicab�e law, Lend�r's�attorneys' fees
<br /> and Lender`s legal �xpenses, wh�ther ❑r not there is a lawsuit, includEng attorneys' ��es and expenses fvr
<br /> bankruptcy proceedings �including ef�orts tv mvdify or vacate any automatic stay vr injunctionf, appeals, and any
<br /> anticipa�ed post�judgment �oflection ser�ices, the cost of searching records, obtaining ti�le reporfis �including
<br /> foreclvsure rep�r�s�, surveyvrs' reports, and appra�sa! fees, t�tle insurance, and fees for the Trustee, ta the ex�ent
<br /> permi�ted by applicab[e iaw. Trustar also�EEI pay any caurt casts. in addit�on to all other sums pr��ided by la►nr.
<br /> NiI�CELLANEDUS PR�1lISI�NS. The fvllowing miscellan�ous prv��sions are a par�of this Deed o�Trust:
<br /> �o►rea�n�ng Law. This D�ect �� Trust wiil be go►►erne� hy �ederal iaw appli�able to Lender and, �v #h� exten� nut
<br /> preer�p�ed hy fed�ral�aw,the laws vf the S��te of Nebraska wi�hvut regard tv its cvnfli��s of law prov�sinns= This
<br /> �eed of Trust has been accepted by Lender in the 5�a�te vf Nebraska.
<br /> Time is of t�e Essence. Time is of the essence in�he perf�rmance of this Deed v�Trust.
<br /> V11ai►rer �f Hvmesteac� Ex�mp�ian. Trustor hereby releases and v►rai�es all rights and benefits �f the h�mestead
<br /> exemptivn�laws of the..5tate of Nebraska as to aIC lndebtedness�s,:���u.����...b�,y���,,,D�„�,e�c�;�,�r�.�,Trrus�_.:;,��..:.r�.:�.�
<br /> � � ,� Ls� .r xt 9��'•t E!:ri C'�•:..�' :� ' ,:��: . e.
<br /> .,v.. SF:_ ` '. ' '.• ia...�i
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<br /> n �.:,::. .;•; �-?�i�f7:��Y;ti�� s.
<br /> DEFIiVITlUI1�S. The f�llowing wards shall ha�e fihe fivliowing meanings�v�hen�u�s�d:�n 1��.�s.�9D,e�d��f`Trus�: 3
<br /> , � �'��i C.,�..�••w'-[�.��..•M1 z.'�9�w7.?�.'e,.... . y�r $�.
<br /> �
<br /> Beneficiary. The wvrd "Benefi�iary" means Pinnacle Bank- KIII�N,��n`�.F�i_���;s�c�Q�s��r:�ai�d �s��ign�:F• ':,
<br /> • ,'��rax�yc.cY�;xsar+�c�nc.r.ra:�cunx..�r.rn<.,�cc:us�r5•t.:r,�,x,�n.•scg.o.ra':... . ...-..,,�.•.�
<br /> Bv�rvwer. Th� word "Borrov�ier" means ASHLEY L'WASHBURN and JANA L AREHART and includes a�l co-signers
<br /> and �o-makers signing the Credif Agreemen�and a��their successors and assigns.
<br /> Credit►4greement. The words �rCredit Agreement" mean the credit ag�eement dated May �9, 2014, With �redit
<br /> IIC1'1�� �f $��,,���.�� from Trustor to Lender, tagether with a[[ renewa�s of, extensions of, m�difications of,
<br /> refinancings of, consv�idations of, and substitutivns for the promissvey no�e or agreement.
<br />
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