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��14�4459
<br /> DEED �F TRLJST
<br /> Loan� Nv: ����78D�� �Co�tinued� Page 7
<br /> dispute.
<br /> Br�ach of��her Agreement. Any breach by Borrower or Trustvr under the terms ❑f any ather agreement between
<br /> Bo�rower or Trusto� and Lender �hat is nv� remedied within any �race period pro�ided therein, including without
<br /> limita�ion any agreemenfi concerning any indebtedness or ❑�her ohligation of Borrower or Trus�vr to Lender,
<br /> whether existing naw ❑r later.
<br /> Evenfs Affe�ting Guarantor. Any of th� preceding events vccurs wi�h respe�t�o any guaran�or, endvrser, sur�ty,
<br /> ❑r accommvdati�n party of any of�he Indebtedness or any guaran�or, endorser, surety, ar acc�mmvdation party
<br /> dies ar becomes incompetenfi, or re�akes ❑r d�sputes the va�idity ❑�, ar- liabi�ity under, any Guaranty of the
<br /> �ndebtedness.
<br /> Ad�r�rse Change. A material adverse change ❑ccurs in gorrower's or Trustar's financial conditson, ❑�- Lender
<br /> ��lie�es the prospec�of payment or performan�e o�f the Indeb�edness is impaired.
<br /> Ins�curity. Lender in gaod faith helie�es itselfi insecure.
<br /> Existing lndebfiedness. The paymen��� any installmen� ❑f principal or any interest on the Existing lndebtsdness is
<br /> no�made wi�hin the time required by�he promissory na�e e�idencing such indeb�edness, or a default accurs under
<br /> fihe instrument securing such indebtedn�ss and is nv�cured du�ing any applicable grace p�riod in such ins�rument,
<br /> or any sui�or other action is c�mmenced�❑�ore�lose any existing li�n❑n'�he Property.
<br /> Right�v Cu�e. If any default, v�her than a defau[t in payment is curable and if Trustor has not been gi�en a no�ice
<br /> of a b�each ❑f the same provision af this Deed ❑f Trus�within�he preceding twel�e �'i 2� mon�hs, it may be cur�d if
<br /> Trus�or, after Lender sends written noti�e t❑ Barrower demanding cure af such de�ault: ��� cures �he default
<br /> wi�hin fifteen �15} days; or �2} if the �ure requires mare than fifteen {15} days, immediately initiates st�ps which
<br /> Lender deems in Lender's sale discretion �o he suf�icient t� cure the de�ault and thereafter continu�s and
<br /> cvmpletes a�� reasanable and nec�ssary steps sufficien�to p�roduce campliance as saan as reasonably pra�tical.
<br /> R[GHTS AND REMEalES �N DEFAULT. if an E�ent o� Defaul�occu�s under this Deed o�Trust, at any time thereafter,
<br /> Trus�ee or Lender may exercise any❑ne ❑r mare af th�fol[owing rights and remedies:
<br /> Ac�elera�ion Upon Default;Additional Remedies. 1f any EWen�❑� Defaul� ❑ccurs as per the terms of the Note
<br /> se�ured hereby, Lender may de�lare all Indeb�edness secu�ed by�his Deed of T�usfi tv be due and payable and
<br /> fihe same shall thereupon become due and payable withou�any presen�m�nt, demand, protes�or notice of any
<br /> k�nd. Thereafter, Lender may:
<br /> {a� Either in pers�n ❑r by agen�, wi�h ❑r wi�thaut bringing any a�tion or pro�eeding, ❑r by a re�ei�er
<br /> appain�ed by a court and without regard�❑ the adequacy of its security, enter upon and take possession
<br /> vf the Proper�y, or any part thereof, in its own name or in the name o�Trus�ee, and do any acts which it
<br /> deems necessary or desirable�o preser�e the�alue, marketabifi�y or rentalaility of the Proper�y, or part af
<br /> �he Proper'�y ❑r infierest in �the Prvperfiy; increase �he income from �he Proper�y ❑r pratect the securi�y af
<br /> the Property; and, vtir�th or without taking passession o� the Prvperty, sue for ❑r otherwise cvlle�� the
<br /> rents, issues and profi�s o�f the Praperty, including thase past due and unpaid, and apply the same, [ess
<br /> costs and expenses a�❑perativn and collec�ian a�torneys' fees,�❑ any indeb�edness secured 1ay this Deed
<br /> o� Trust, all in such ❑rder as Lender may determine. The entering upon and taking possessson ❑f �h�
<br /> Praperty, the �vllec�ion of such ren�s, issues and profifis, and the applica�ion fihereof shail no� cure or
<br /> wai�e any default❑r nofiice of default under fihis Deed ❑f Trus�❑r in�alidate any act done in response t❑
<br /> such de�Fautt or pursuan�to su�h no�i�e af defaul�; and, notwi�hs�anding the con�inuance in possessian ❑f
<br /> the Property �r the coi3ection, receipt and applica�ivn of rents, issues or prvfits, Trus�ee ❑r Lender shall
<br /> be enti��ed to exe�rcise e�ery right pro�ided fiar in the Note or the Related ❑ocuments �r by la►nr upon the
<br /> occurrence of any e�ent��de�aul�, including�he right to exercise the pawer o�sale;
<br /> �b� Commence an ac�ion�o foreclose this �eed a�Trusfi as a martgage, appoin� a receive�r or specifiically
<br /> en�force any af fihe co�enants herevf; and
<br /> tc} ❑eli�er to Trustee a written declaration ❑f defau��and demand �or sale and a wri�fien notice of defaul�
<br /> and elec�ion ta cause Trustor's interest in the Property to be s�fd, which not�ce Trustee sha�f cause to be
<br /> du�y�iled for�ecord in the app��priate offiGes of the Coun�y in which�he Pro�erty is located; and
<br /> {d} Wifih respect t❑ all vr any part of�he Personal Praper�y, Lender shall ha�e a11 the rights and remedies
<br /> of a secured party und�r the Nebraska Uniform Commer�ial Code.
<br /> Forec�osure by Power of Sale. lf Lender elec�s to#oreclose by exercise o��h� Pawer❑f Sale h�rein con�tained,
<br /> Lender shall nvtify Trustee and shafl deposi� w€th Trustee this Deed of Trust and the Nate and such receip�s
<br /> and evidence vf expenditures made and secur�d by this Deed af Trus�t as Trus�ee may require.
<br /> {a} Upon receipt of such na�i�e from Lender, Trustee shall cause fio he rec�rded, published and deli�ered
<br /> ta Trustor such Notice ❑f Default and No�ice ❑� Saie as �hen required �y law and 1ay this aeed vf Trust.
<br /> Trustee sha1�, without demand ❑n Trustor, after such time as may then be required by �aw and after
<br /> r�cordation of such Notice ❑f De�ault and after Notice ❑f 5ale ha�ing been gi�en as required by law, sell
<br /> fihe Praperty a� the time and place ot sale �ixed by it in such Notice of Sale, either as a whole, or in
<br /> separate Iats vr parcels or items as Trustee shall deem expedisnfi, and in such order as ifi may determine,
<br /> a� pub�ic auc�ion �❑ the highest bidder�or cash in lawfiul maney ❑f the United States payab�e at�he fiime
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