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<br />' ��14�7�95
<br />� DEED �F TRUST
<br /> Lvan Nv: '1���813�� �Continued� Page 7
<br /> RIGHTS AND REMEDIES �N DEFAULT. f�f an E�ent a�f I3efau�t❑�curs under this Deed ❑f Trus�, at any�ime�hereaf�er,
<br /> Trustee or Lender may exerc�se any ane�r more ❑f�he fo2ivwing rights and remed�es:
<br /> Accelerativn Upvn Default; Additianal Remedies. �f any Even�of De�ault occurs as per�he terms ot�he N�t�
<br /> se�u�-ed hereby, Lender may de�lare all lndebtedness secured by this Deed o�Trust to be due and payahle and
<br /> �he same shal[�hereupan be�ome due and payahle wi�hout any p�-�sentmen�, demand, pratest o�r no�tice��any
<br /> kind. Therea-Ft�r, Lender may:
<br /> � {a} Either in person ❑r 1ay agent, with ar without bringing any action or proceeding, ar by a recei�er
<br /> appointed by a courfi and wi�hout regard to fihe adequacy o�f its security, enter upon and take pvssession
<br /> ❑�fihe Prvperty, or any part thereof, in i�s own name or in the name of Trusfiee, and da any a�ts wh�ch it
<br /> deems necessary o�r des�rabEe to preser�e the�aluef marketability or ren�abE�Ety of the Proper-ky, or part❑�
<br /> the Property ❑r interest in�he Property; increase fihe in�om� from the Pr�perty or protect the securi�ky of
<br /> the P�vperty; and, wi�h ❑r with�ufi �aking possessivn vf �he Property, sue for ar otherwEse caEiect the ,
<br /> �-ents, issues and pro�fits ❑f the Property, including those past due and unpaid, and apply�he same, less
<br /> � costs and expenses v�aperafiion and �vl�ection atto�neys' fees,t❑ any inde�tedness secured by�his �eed
<br /> o� T�-usfi, a[I in such orde�- as Lender may determine. The entering upon and taking possession ❑� the
<br /> ProQerty, the collection ❑f su�h rents, issues and profits, and the applicatian the�eof shall nat cure or
<br /> wai�e any default vr no�ice of de�ault under this fleed of Trust or in�afidate any act dane in response�❑
<br /> such de�aul�❑r pursuant�o such no�ice of default; and, notwithstanding the c�ntinuan�e in possessivn❑�F
<br /> the Property or the collectivn, receipfi and applicafiion af rents, issues or profi�s, Trus�ee or Lender sha[l
<br /> be en�it�ed ta exercise e�ery righ� pro�ided for in�khe iVote vr the Related ❑vcuments �r hy �aw upvn fihe
<br /> occurrence af any e�ent of de�aul�, �ncluding fihe right tv�xercise the power af sale;
<br /> {b} Commence an action t�foreclose�his ❑eed of Trust as a mflrtgage, appoin�a re�ei�er❑r speci�ically
<br /> enfarce any of the ca�enan�s hereof; and
<br /> � {cj Deli�er ta Trustee a wrififien dec�ara�ivn❑f default and demand fvr safe and a writ�en no�ice af defaul�
<br /> and electian�o cause T�-ustar's in�erest in the Property t❑ be sold, which nv�ice Trus�ee shall �ause to be
<br /> duly filed�for record in the apprvp�riate af�ices af the County in�which�he Prvperty is located; and
<br /> tdy V1lith respec��o all or any part❑f#he Persvnal Property, Lender shall haW� all�he rights and remedies
<br /> of a secured �arty under the Nebraska Uni�arm Commer�ial Code.
<br /> Fvreclosure by Pvwer nf Sale. ��f Lender elec�s�o forecl�se by exer�ise❑fi the Pvwer af Sale herein confiained,
<br /> Lender shall no�ify Trustee and sha�l deposit wfth Trustee�his Deed af Trust and the Nate and such receipts
<br /> and e�id�nce of�xpenditures made and secured by this Deed o�Trust as Trustee may rsquire.
<br /> �ay Upon receipt o�F such notice �rvm Lender,Trustee shall cause fiv }�e recorded, published and dei��ered
<br /> to Trustar such No�ice o� De�fault and Natice of Sale as�hen r�quired by 1aw and by this ❑eed ot Trust. -
<br /> �Trustee shali, without demand an Trustor, after such -�ime as may then he required by law and after
<br /> recvrda�ion o�such Nvtice ❑f ae�Faul� and after Nvtice a� 5ale having been gi�en as required by law, se�l
<br /> the P�vper-�y at the �ime and place of sale fixed by i� En such Noti�e ❑f Sale, either as a whvle, or in
<br /> separate [o�s o�-parcels o�items as Trus�ee shall de�m expedEent, and in such order as i� may dete�-mine,
<br /> at public auctivn ta the highest bidder fv�-cash En law�ul money�fi fihe United States payabl� at the t�me
<br /> of sale. Trustee shall deli�er to such purchaser or purchasers thereof its g��d and su€ficient deed or
<br /> . deeds conu�ying the property so sold, �ut vuE�hvut any co�enant or warran�y, express vr implied. The
<br /> recitals in such deed af any matters vr�ac�s shall be canclusi�e proo� v��he firuthfulness thereof. Any
<br /> persfln, including withaut limi�at�on Trustor,Trustee, �r Lende�-, may purchase a�su�h sale.
<br /> �b} As may be permitted by law, after deducting all Cfl5�5. �ees and expenses af Trus�ee and af �his
<br /> Trust, inciuding cvsts❑t e�idence ❑�title in connectivn with saEe,Trustee shall apply the p�-oc�eds of sale
<br /> �ko payment of �i} al�sums expended under�he terms o�this Deed of Trust or und�r the terms❑��he No�e
<br /> nvt�hen repaid, inc�uding but not limited to accrued in�erest and late charges, {ii} all other sums then
<br /> secured hereby, and �Fii}the remainder, if any,ta�he persvn ar persvns legally entitled therefio.
<br /> {c} Trustee may in the manner pro�ided hy law postpone sa[e of all ar any port�on❑f�he Praper�y.
<br /> � Remedies Not Exclusive. Trustee and Lender, and each af �hem, shall be ent�tled t❑ enfarce paymenf and
<br /> performance vf any indebtedness vr❑hliga�ions secured l�y this ❑eed o�Trust and to ex�rctse a!1 rights and powers
<br /> under�his Deed ❑f Trus�, under the Nvte, under any ❑f the Re�ated Documenfis, ❑r under any vther a�reem�nt ❑r
<br /> any [aws naw ❑r hereafter in force; na�withstand�ng, some or all a�such inde��edness and ❑bligations secured hy
<br /> this Deed ❑f Trust may now or he�-eafter be ❑therwise secured, whether by mor�gage, deed o�f�trust, pledge, lien, �
<br /> assignment or a�herwise. Neither the acceptance ❑fi �his Deed ❑f Trust nor i�s enforcement, whe�her by caurt
<br /> ac�ion or pursuant�o �he power o�sale or o�her_ pvwers cvntained in th�s ❑eed o#Trust. shall prejud��e or in any
<br /> manner affect Trustee's or Lender's righ� to realize upvn or enforce any vther security now ❑r hereafter h�fd �ay
<br /> Trus�ee or Lende�, it being agreed�hat Trust�e and Lender, and each�€�hem, shall f�e enti�led to en�vrce this ❑eed
<br /> a#Trust and any other se�ur�ty now or hereafter hefd by Lender ar Trustee in such ardet- and manner as they ❑r
<br /> either ❑f th�m may in their absalute discretian defiermine. No remedy conferred upon ❑r �-eserved ta Trustee vr
<br /> Lender, is intended ta be exclusi�e af any��her remedy �n this Deed af Trust ar by law pra�ided or permitted, bu�t
<br /> each shaj[ be cumulati�e and shall be in addition tv e�ery �fiher remedy gi�en in this Deed vf T�us� ❑r now or
<br /> hereafter exist'tng at law or in equi�y ar by sta�ute. E�ery power vr remedy giWen by#he Note❑r any❑f the Related
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