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��14�7971
<br /> ��E� �F -��u�T
<br /> Loan No: 'i�'I��'1537 �Continu�d} � Page �
<br /> Trustor's proper�y in which Lender has a lien, This includes taking of, garnishing o� or le�ying an Trusfiar's
<br /> a�counts with Lender. HoweWer, if Trustar disputes in good fai�h whether �he �laim on whiGh th� taking of the
<br /> Property is based is �a�id or reasonable, and i� Trustor gi��s Lender written natice of the claim and furnishes
<br /> Lender with manies v� a sur�ty bond satisfia�tory�o Lender to satisfy the claim, then �his default prvWision will no�
<br /> apply,
<br /> 6reach of�ther Agreement. Any breach by Trus�or under�he�erms af any other agreement be�ween Trust�r and
<br /> Lender tha� �s not remedied wi�hin any grace p�riocl provided therein, including withaut limi�atian any agreement
<br /> co.ncerning any indeb�edness ar��her obli�ativn vf Trustor to Lender, whether exis�ing nnw or later.
<br /> Events A�fecting Guarantor. Any af the pre��ding e�ents occurs w�th respec�to any guarantar, end�rser, surety,
<br /> or a�c�mmodation party af any v� the lndeb�tedness �r any guaran�or, �ndorser, surety, or accommodation party
<br /> dies ❑r becomes incompet�nt, ar revokes ar disputes the �alidity of, or liabili�y under, any Guaranty of �th�
<br /> �ndebtedness.
<br /> Insecuri�ky. Lender in goad faith bef i�v�s itself insecure.
<br /> Right to Gure. lf any�efau��, other fhan a defaul� in payment is curable and i�F Trustor has no�bsen gi�en a noti�e
<br /> of a br�a�h �f the same pravi�ion of this Deed of Trus�w�thin�he preceding twel�e ��2} months, it may b�cured if
<br /> Trustor, after Lender s�nds wri�ten n�tice to Trustor demanding �ure �f such defau��: {1} cures the default within
<br /> ten �'��} days; ar {�� if�the cure requires mvre than�en {1�} days, immedia�ely�nitiates steps which Lender deems
<br /> in Lender's sole discreti�n to be suff�cient to cure the defaul�and�hereafter c�n�inues and cample�es all reasanabfe
<br /> and necessary steps sufficient tv produce campliance as s�an as r�asonably practical.
<br /> RI�HTS AN❑ REMEDlES �N DEFAULT. lf an EWent o�Default�ccurs under this Deed af Trust, at any time thereafter,
<br /> Trustee or Lender may exercise any on�or rnore o�the following rights and remedies:
<br /> Acceleration Upon Defiault; Addifiianal Remedies. If any Event af Default�ccurs as per the terms a�f the N���
<br /> secured hereby, Lender may declare al! Indebt�dness secured by this Deed o�Trust�a b�due and payab�e and
<br /> the same shal��hereupon become due and payable without any presentment. �emand. pr�tes�tir notiGe of any
<br /> kind. Ther�after, Lender may:
<br /> �a) Either in person or by agent, wi�h �r with�ut bringing any action or proceeding, or by a re�ei�er
<br /> appointed by a court and without r��ard to the adequa�y af its s�curity� en�er upon and take passession
<br /> af th� Proper�y, or any part th�reof, in its own name ar in the name af Trustee, and do any acts which it
<br /> deems necessary or desirable to pr�serve the �alue. ma�ketability or rentabiiity�f the Prop�rty, or part of
<br /> the Praperty❑r interest in the Praperty; increa�e the inG�me from the Praperty ar pr��tect th� se�uri�y of
<br /> �h� Property; and, with ar withvut taki�g possess�on vf �he Property, sue for or otherwise �nlle�t the
<br /> rents, IS5U�5 and pra�its of the Proper�y, including those past due and unpaid, and apply �he same. less
<br /> cvsts and expenses �f operati�n and co�lection a�torneys' f�es,to any in�lehtedn�ss secured by this Deed
<br /> af Trus�, all in such �rder as Lender may determine. Th� ent�ring upon and taking passession a� the
<br /> Praperty, the collection of suGh rents, issues and profits, and the application thereof shall not cur� or
<br /> wai�e any de�ault ar notice o�dei`ault under this Deed of Trust o� invalida�e any act done in respanse to
<br /> such default ar pursuant to such notice�f de�Fault; and. nvtwithstanding the �ontinuan�e in possession of
<br /> the Property or the coll�ction, rece�pt and appliGatian o� rents. issues �r profiits, Trustee vr Lender shall
<br /> be enti�tl�d to exercise every right pro�ided for �n the Nat� nr the Re[ate� Documents or by law upan the
<br /> occurren�e af any e�enf of defaul�, in�ludin� the �ight to exercise the power ofi sale;
<br /> {�} C�mmence an acti�n tv foreclose�his Deed of Trus� as a martgage, appvint a recei�er or specifica[ly
<br /> enf�rce any of the caWenants hereof; and
<br /> {�} D��iver�❑ Trustee a writt�n declaration o�default and demand fior sai� and a wri��en natice of default
<br /> and eiection to cause Trustor's interes�in�he Property�ko be sold, which notice Trus�ee shall cause tv be
<br /> duly�i�ed fo�record in�he appropriate offices of the Caunty in which th� Proper�y is I�ca�ed; and
<br /> {d� Vllith respe�t to all or any part�f the Personal Property, Lender shal3 ha�e a�l the rights and remedies
<br /> o�F a secured par�y under the Nebraska Uni�orm Commercia! Cade.
<br /> Foreclosure by Power of 5ale. If Lender elects�o��reclose by exercise o#the Pow�r of Sal�herein con-�ained.
<br /> Lender shall notify Trust�e and shall depvsit w�th Trus�ee this ❑eed vf Trust and the Note and such receipts
<br /> and eWidence�f expenditures made and secured by this Deed at Trus�as Trustee may require.
<br /> {a} Llpon receipt o�such no�ice from Lenci�r, Trustee shall cause to be recorded, published and delivered
<br /> to Trustar such Not��e af Default and lVotice �f Sale as th�n required by law and by this Deed o�f Trus�.
<br /> Trus�tee shaEl, without demand on Trustar, af�ter such time as may then b� required by law and a�ter
<br /> re�ardation o�such Natic� of Defauit and af�er Notice vf Sale ha�ing been given as requEred by law� se11
<br /> the Property at the time and place ofi sale #ixed by �t in su�h Notice nf 5ale, ei�her as a whole, or in
<br /> separate iats or parcels ar it�ms as Trustee shall deem expedi�n�, and �n such arder as it may determine,
<br /> at public auction to the high�st bidder f�r cash in lawfui money of�he United Sta��s payabie at the time
<br /> �f sale. Trustee shall de�iver �o su�h purchaser �r purchasers there�f i�ks �aod and sufficient deed or
<br /> deeds conveyfn� �he proper�y so sald, but without any c�venant or warranty, express ar implied. The
<br /> recitais �n such deed af any matters ar facts shall be con�lusiv� proof af the �ruth�ulness therevf. Any
<br /> person, including withou��imitativn Trustar, Trustee, ar Lender, may purchase at such sale.
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