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��14��35�
<br /> DEED �F TRLJST
<br /> ��ontinued} Page S
<br /> commencemen�of any proceeding under any bankrup#cy or insoivency laws by or against Trustor.
<br />. Taking of#he Prvperty. Any credi�or or go�ernmental agency #ries ta take any o�the Praperty or any a#h�r ��
<br /> Trus�ar's prope�ty in which Lender has a lien. This includes tak�ng of, garnishing of or fevy�ng an Trus�or's
<br /> accoun#s wi�h Lender. Hawever, i�Trustor dispu�es in good fai�h whe#her the claim on which the taking of�he
<br /> Prop��ty is based is Walid or reasonable, and if Trustor g�ves Lender written notice of the claim -and furnishes
<br />' Lender with monies or a surety bond sa#isfactory�a Lender�a�a#isfy the claim, then #his default provision wifl no#
<br /> apply.
<br /> Breach of�l�her Agreemen�. Any b��ach by Trustar under the #erms of any o�her agreement between Trustor and �
<br />- Lender tha# is nnt remed�ed with�n any grace period provided therein, incfuding withaut �imitatian any agre�ment
<br /> concerning any indebfedness or o�her obliga�ion❑f Trustar to Lender,whethe�existing now ar[ater.
<br /> E�ents AfFecfing Guaran�or. Any of the prec�ding events occurs with respect to any guaran�or, endorse�, surety,
<br /> or accommodatian party af any of the lndebtedness or any guarantar, endors�r, surety, ❑r accommodation parky
<br /> dies or becomes incompet�nt, or r��okes or disputes �he �alidi�y of, or liabifity under, any Guaranty of the
<br /> I ndebt�d ness.
<br /> Existing 1nd�b��dness. The payment of any insta�iment o�principal or any in�erest�n the Exis�ing Indebtedness is
<br /> not made within the time required by the promissor� note e�idencing such indebtedness, or a d�fault accur�s under
<br /> . the ins�rument securing such indebtedness and €s not cured dur�ng any applicable grace period in such instrum�nt,
<br /> or any suit or other action is commenced to for�close any existing [ien an�he Praperty.
<br /> RIGHTS AND REi1AEDIES 4N DEFAULT, If an Event o�Default occurs under this Deed of Trust, at any tim�thereafte�,
<br /> Trustee or Lender may exercise any one or mare of�he fo�lowing righ�s and rem�di�s:
<br /> Acceleration Llpan Default; Additional Remedies. If any Event of❑efaul�accurs as per the�erms of�he No�e
<br /> se�ured hereby, Lend�r may de�lare aIC lndebtedness secu�ed by�his Deed of T�ust�o be due and payable and
<br /> the same shall thereupan become due and paya��e without any presentment, demand, p�rotest ar notice of any
<br /> kind. Thereafter, Lende�may:
<br /> �a} Ei�her in person ar by agent, wifh or withaut bringing any �ction or proceeding, or by a recei�er
<br /> appoint�d by a court and without regard �o�he adequacy af�ts secur}�y, enter upvn and take possessi�n
<br /> of the Pr�perty, or any part thereof, in its own name o�in the name of Trus�ee, and da any acts whtch it
<br /> deems necessary flr desirabl�to preserve the�alue, marke�ability or ren�ability❑f the Property, ar�par#af
<br /> the Prape�ty or in�erest in the Properky; increase the income from the Praperty or pratec��he security af
<br /> �he Property; and, with or wi�hout �aking possession of �he Property, su� �ar or atherwise collect the
<br /> rents, issues and profi�s af the Prape�#y, including those past due and unpa�d, and apply th� same, �ess
<br /> costs and �xpenses o�op�rat�on and collecti�n at�arneys'fees,to any�ndebtedness secured by this Deed
<br /> af Trust, a11 in such ard�r as Lender may determine. The entering upan and �aking passession o�'�he
<br /> Proper�y, �he cai�ectian �f such ren�s, issues and profi�s, and the applieation �hereof sha�l no� cure or
<br /> - v�ai�e any d�fau[t o�no�ice of defau�t under this �eed of Trus�or ir��afidate any a�t done �n response to
<br /> such d�fau{t ar pursuant to such no���e of de�Fault; and, na�viths�anding the �ontinuance in passession of
<br /> the Praperty or the c�llection, receipt and applica�ion of rents, �ssues or profits, T�us�ee ar Lender shal�
<br /> be en#itled�o exercise eve�y right pro�ided for in the Nate or the R�lated Documents or by iaw upon the
<br /> occurrence of any e�ent of defaul�, incfuding the r�ght�o�x�rcise the power o�sale;
<br /> _ �b} Cammence an aetion t�fo�eclose this ❑eed of T�ust as a m�rtgage, appoint a recei�e�or specifically
<br /> enforce any of the co�enants hereof; and
<br /> �c} ❑eli�er to Trustee a wri�ten dec�arat�an of defau�t and demand for sale and a written notice of de�ault
<br /> and election to cause Trus�or's �nteres�in the Property fio be sald,which no#ice Trus�ee shal� cause to be
<br /> duly filed for recard in�he appropriate of�ices of the�aunty in which the Prop�rty is lflcat�d; and
<br /> (d} V11ith respe�t ta aC�or any par�af�h� Personal Proper�y, Lende�shall ha�e al��he rights and remedies
<br /> ��a secured party under th� Nebraska Un�form Commercia�Code.
<br /> Foreclasure by Pawer vf Sale, lf Lender elects�o foreeiose by exer�ise of�he Power�f Sale herein contained,
<br /> L�nder shall notify Trus�ee and shai� deposit with Trustee�his Deed of Trust and �he Note and su�h rece�pts
<br /> and evidence v�expend�#ures made and s�cured by�his Deed o�Trust as Trustee may requ�re.
<br /> �a} Upon rece�pt of such notice fr�m Lender, Trustee shall cause to be recQrded, published and de�i�e�ed
<br /> � to Trust�r such Notice ❑f�efault and Notice of Sale as then �equired by !aw and by this Deed of Trust.
<br /> Trustee sha�i, without demand on Trustor, after such time as may �hen be required by �aw and after
<br /> recordat�on of such Notice ❑f Defau�t and after [Votice of Sale ha�ing been given as required by law, seil
<br /> �he Proper�y at the �ime and place of sale fix�d by it in such Notice of Sale, either as a wh�ke, ar in
<br /> s�parate lots ❑r parceis or items as Trustee shai� deem exped'€en�, and in such order as it may determine,
<br /> at pub�ic auct�on �fl �he highest bidder f�r cash in �avu�ul money af the United S�a�es payable at the time
<br /> of sale. Trustee shall de�iv�r to such purchaser ar purchasers �he�eo� its gaod and sufficien� deed or
<br /> deeds cvn�ey�ng the praper-�y so sald, bu�without any cavenant or warranty, express or implied. The
<br /> recitais in such deed o�f any matters or facts shall be conclusi�e proof of the truthfulness the�eof. Any
<br /> person, including without�imita�ion Trus�or,Trustee, or Lender, may purchase a�such sa�e.
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