|
��14�79�4
<br /> L7EEI] �F TF�L15T
<br /> Loaa� nl�: 77��5 7 7�2 '
<br /> {C�r�t�nu�d� �ag� �
<br /> a recei�er�or any part vf Barrvv►rer's or Trustvr's property, any assignment for fihe benefit of creditvrs, any type of
<br /> creditor workout, ar the G�mmence.ment of any praceeding und�r any bankruptcy or insolvency Iaws by�r against
<br /> Borrawer or Trus�or.
<br /> Taking vf�he �ro�erty. Any creditvr or go�ernmenta� agency tries to take any of th� Property or any other of
<br /> Borr�wer's ar Trustorrs property �n whi�h Lender has a lien. This includes taking of, garnishing of or le�ying on
<br /> Borr�w��rs or Trustor's ac�oun�s with Lender. Hvwe�er, if Borrower ar Trustor disputes in good faith whether the
<br /> ciaim an wh�ch the tal�ing of the Prvperty is based is vaiid ar reasvnab�e, and if Borr�w��- or Trustor gives Lender
<br /> written n�tice af the cIair�n and furnishes Lender with monies �r a sure�y hond satis�actory�v Lender tv satisfy the
<br /> claim.then this default pro�ision will not apply.
<br /> Breach vf�ther Agreement. Any breach by 6vrrvwer or Trustor under the terms of any other agreerrient betwe�n
<br /> Bor�-ower ar Tru�tor and Lender t.hafi is nat remedi�d v�ri�hin any gra�e perivd p�avi.ded therein, inc�ud�ing wi�thvut
<br /> I�mitation any agreement Goncerning any indebtedness or ❑ther obligation o� Borrower a�r Trustor to Lender,
<br /> whether exist�ng navv or la�er.
<br /> Events Affe�t�ng Guarantvr. Any of the preceding e�ents accurs with respect to any guarantvrr endorser, surety;
<br /> or �ccommodativn party o� any of the Indebfiedness or any guarantor, endorser. surety, or accommodativn party
<br /> di�s or becornes incompetent, �r re�akes vr disputes the �alidi�y o�, ar IiabrIity under, any Guaranty of th�
<br /> lndebtedness.
<br /> Insecur�ty. Lender in good faith belie�es itself�nsecure.
<br /> l�ight tv Cure. [f any default, other than a default in payment is curable and �f Trustor has nat been giuen a notic�
<br /> ofi a breach o�the same prvvision of this Deed v�Trust within the pre�eding tv�ref�e ��2} months, it may be cur�d i�
<br /> Trus�or, after Lender sends written noti�e tv garrawer demanding cure of su�h default: �"I} �ures the detault
<br /> wi�hin tv►renty ���} days;ar ��} i�F th�Cure requ�res more than twen�y �ZD� days, immedia�Cely ini�iates steps which
<br /> Lender deems-in Lender's svle discretion to be suf€icient to cure the defau�t a�d �herea�fter continues and
<br /> completes al[r�asonable and necessary s�eps sufficient to produce compliance as sovn as reasonably pra�tical.
<br /> RlCHTS AND �iEMED��S �N DEFAULT. !f an E�ent o�Defauit occurs under�his Deed of Trust, at any tim�thereafter,
<br /> Tru��ee or Lender may exercise any one or more of fihe fo[[owin,g rights and remedies:
<br /> A�ce[eration Upon Defau[t;Additivnal Rer�aedies. !�F any E�ent of Defau�t occurs as per the terms of the hlote
<br /> secured h��eby, L�nder may declare a11 Indeb�tedness secured �y this Deed of Trust tv be due and payab[e and
<br /> the same shaIl ther�upon become du�and payable v►withaut any pres�ntment, demand, protest v�noti�e o�a.ny
<br /> kind. Thereafter, Lender may:
<br /> {a} Ei�her in person or by agent, wi�h or wi�hvut 6�ring_ing anry aet�on or pro�eeding, or by a r�ceiver
<br /> appoin�ed by a cvurt and withaut regard tv the adequacy of its security, en�er upon and t�ke possession
<br /> of the Property, vr any part the�eofr in its own n�me vr in�h� name o�Trustee. and dv any acts wh�ch it
<br /> deems necessary or desirak�ie to pres�rve�he�alue, marketability vr ren�ab�lity vfi�he Prvperty�ar part of
<br /> the Prvperty or interest �n the Property; in�rease the income frvm the Prvperty vr protect the security o�
<br /> the Prop�rty; and. with or withvut taking possession afi the Property, sue for o� ❑therwise colie;c� the
<br /> ren�s, issues and prafits of�the Property. in�Iuding �hose past due and unp�id, ar�d appiy the same, fess
<br /> costs and e�epenses vf operation and cvllec�ion attorneys'fees,to any ind�l�tedness secu�ed by this Deed
<br /> o�Trust, a�� in such order as Lender may determine. The enfiering upan a.nd taking possessian of the
<br /> Property, the co��ection of such rents. issues and profifis. and the appiication thereo� shall no� cure or
<br /> wai�e any default or notice of default under this De�d of Trust vr in�alidate any act done in response tv
<br /> su�h d��ault o�pursuant tv such notice a�default; and. na�withstanding th� cvntinuance`rn possession vf
<br /> the Property or the co�lect�on, receipt and applicat�on of rents, issues or profr�ts, Trustee or Lende� sha[[
<br /> be entitled �o exercis� e�e�y right pro�id�d for in the Note o�the R�Iated Docum�nts o�by�aw upvn the
<br /> oc�urrence af any e�ent o�F defiau�t, incl`ud.ing the right to exercise the pvwer of sale;
<br /> th� Commence an activn to forec�ose this Deed of Trust as a mor�gage, appain�a recei�er or specifically
<br /> en�arce any vf�he cvvenants h�reof; and
<br /> {c} D�Ii�er�o Trustee a written de�larativn of defaul�and d�mand for sa[e and a wri-tten notice of defauit
<br /> and el�c�ion tv cause Trustor`s interest in the Property to be sold. which no�iee Trustee sha1l cause to b�
<br /> duCy filed�For recvrd in the appropriate ofFices o#the Cvunty in which the PrQpe�y is located;and
<br /> {d} Wi�h t��spect to a�.� or any part of the Pe�sona� Prvperty� Lender shall ha�e a[I the rights and remedies
<br /> o�F a secured parry under the Nebraska Uniform Co.mmereia� �ode.
<br /> Foreclvsure by Power of Sale. lf Lender�lects to�oreelose by exercise of the Power of Sale herein contained,
<br /> Lender shali no�ify Trustee and shai� deposit with Trus�e�this Deed of Trust and the No�e and such receipts
<br /> and e�idence a�expenditures made and secured by this Deed of Trust as Trustee m�y require.
<br /> ��} Upon receipt of such notice frvm Lender, Trustee sha�`E c.ause to b� r�cv��d.ed, pub-�ished and defivered
<br /> tv Trustvr such Noti�e v� DefauI� and N;otiGe af S�le as�hen required by law and hy this Deed of Trus�.
<br /> Trus�ee shall, wi�hout demand on Trustor, after sueh time as may then be r�qu�red by law and after
<br /> reeordatian of such fvvtice of�e�aul� and af�er N��ice vf 5aie ha��ng been gi�en as reyuired by Caw, se[!
<br /> the Property at the ��me and place vf sale �r�xed by it in su.ch Nvtice a�F�5a�e, either as a who�e, or in
<br /> separa�e �ots or parGefs ❑r items as Trust�e shall deem expedient. and �n such order as it may determine,
<br /> at pub�ic auction tv the highest bidde��or cash in �awfu� money vf�he L]n�ted S�ates payable at�he time
<br /> of sale� Trustee shai[ deliver to such pu�chaser ar purchasers thereof its good and sufficient deed or
<br /> deeds con�eying the property so sold, bu�t without an� cv�enant vr rrvarranty, e�cpress vr impEied. The
<br /> re�itais in suGh deed vf any mat�ers or fac�s shal� be conc�usi�e pro�f o�the truth�ulness �hereo�. Any
<br /> persvn, includi'ng without Iimifiation T�ustvr,Trustee, �r Lender, may pur�hase at such sale.
<br /> {b} As may be permitted by Iaw. af�er deducting a!I �cflsts, fees and e�epenses of Trustee and v� this
<br /> Trust� including costs vf e�idence of t�tle in connection with sale,Trust��shall apply the proceeds v�sale
<br /> tv payment of �i} ail sums e�ep�nd�d under the terms of this Deed of Trust or unr�er th�terms of the No�e
<br /> n�-t then repaid� including but no� limited to accrued interest and late charges, �ii} all ather sums then
<br /> se�ured hereby, and {iii}the remainder, if any,tc�the person or persans Eegally entitled there�to.
<br /> �c} Trustee may in the manner pra�ided by law postpone sale of all or any port�vn Qf the Proper�y.
<br /> Remedies Not Exclus�rre. Trustee and Lender. and each of them, shali be entitled ta en�orce payment an�
<br /> performance of any indeb�edness or obligations s�cured by th�s Deed vf Trust and to e�ercise a1! rights and powers
<br /> under�his Deed of Trust, under the Note, under any ot the F�eIated Docum�n�s, or under any other agreemen-� or
<br /> any laws now or hereafifter in fvrce; n�twithstanding, some vr a!1 af such indebtedness and abligativns se�ured by
<br /> �his Deed af Trust may now or hereafter b� oth�rwise s�cured, whether by mortgage, deed of trustr p[edge, I�en;
<br /> ass�gnrnent vr otherwise. Neither the acceptanee o� this Deed of Trust nor it� en�orcement, whether by Cvurt
<br /> action or pursuan�to the power of sa�e o� vther pvwers contained in this D�ed pfi T�rus�, shall prejudice vr �n any
<br /> manner affe�t Trustee's vr Lender's r�gh��o realize upon �r enforce any other security now or he.�eafter held by
<br /> Trustee vr Lender.i�being agreed tha�Trustee and Lender, andl eaGh of them, shall E�e entitf�d to enfvrce this Deed
<br /> of Trust and any other security now or hereaft�r held by Lender or Trustee in sueh vrder and manner as �they or
<br /> either of�hem may in their ahsvlute discretion determine. No remedy conferred upon v� reserved to Trustee o�
<br />
|