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�2-28-1999 2�Q�U(� � �� DEED OF TRUST Page 5
<br /> � Losn No 1066406 (Continued)
<br /> possession of the Property or the collection, receipt and apptication of rents, issues or profits, Trustee or Lender shall be enHtled to
<br /> exercise every right provided for in the Note or the Related Documents or by Iaw upon the occurrence of any event of defauit,fncluding the
<br /> right to exercise the power of sale;
<br /> (b) Commence an acHon to foreclose this Deed of Trust as a mortgage, appoint a receiver or speciflcally enforce any of the covenants
<br /> hereof;and
<br /> (c) Deliver to Trustee a written declaration of default and demand for sale and a written notice of default and election to cause Trustor's
<br /> interest in the Property to be sold, which notice Trustee shall cause to be duly filed for record in the appropriate otRces of the County in
<br /> which the Property is located;and
<br /> (d) With respect to all or any part of the Personal Property, Lender shall have all the rights and remedies of a secured party under the
<br /> Nebraska Uniform Commercial Code.
<br /> Foreclosure by Power of Sale. If Lender elects to foreclose by exercise of the Power of Sale herein contained,Lender shall notify Trustee and
<br /> shall deposit with Trustee this Deed of Trust and the Note and such receipts and evidence of expenditures made and secured by this Deed of
<br /> Trust as Trustee may require.
<br /> (a) Upon rec;eipt of such notice from Lender,Trustee shall cause to be recorded,published and delivered to Trustor such Notice of Default
<br /> and NoUce of Sate as then required by Iaw and by this Deed of Trust. Trustee shall,without demand on Trustor,after such dme as may
<br /> then be required by law and after recordation of such Notice of Default and after Notice of Sale having been given as required by law,seN
<br /> the Property at the time and place of sale foced by it dn such Notice of Sate,either as a whole, or in separate lots or parcela a items as
<br /> Trustee shaH deem expedient,and in such order as it may determina, at public auction to the highest bidder for cash in law(W money of
<br /> the United States payable at the time of sale. Trustee shall deliver to such purchaser or purchasers thereof its good and sufficient deed or
<br /> deeds conveying the property so sold,but without any covenant or warranty,express or implied. The recitals in such deed of any matters
<br /> or facts shall be conclusive proof of the truthfulness thereof. Any person, including without limitation Trustor, Trustee, or Lender, mey
<br /> purchase at such sale.
<br /> (b) As may be permitted by Iaw,after deducting all costs,fees and expenses of Trustee and of this Trust, including cosls of evidence of
<br /> title in connection with sale,Trustee shall apply the proceeds of sale to payment of (i)all sums expended under the terms of this Deed of
<br /> Trust or under the terms of the Note not then repaid,including but not limited to accrued interest and late charges, (fi)all other sums then
<br /> secured hereby,and (iii)the remainder,if any,to the person or persons legally entitled thereto.
<br /> (c) Trustee may in the manner provided by law postpone sale of all or any portion of the Property.
<br /> Remedies Not Exclusive. Trustee and Lender,and each of them,shall be entitled to enforce payment and performance of any indebtedness
<br /> or obligations secured by this Deed of Trust and to exercise all rights and powers under this Deed of Trust, under the Note, under any of the
<br /> Related Documents, or under any other egreement or any laws now or hereafter in force; notwithstanding, some or all of such indebtedness
<br /> and obligations secured by this Deed of Trust may now or hereafter be otherwise secured, whether by mortgage, deed of trust, pledge,lien,
<br /> assignment or othe►wise. Neither the acceptance of this Deed of Trust nor its enforcement,whether by court action or pursuant to the power of
<br /> sale or other powers contained in this Deed of Trust, shall prejudice or in any manner affect Trustee's or Lender's right to realize upon or
<br /> enforce any other security now or hereafter held by Trustee or Lender, it being agreed that'frustee and�endeF;and h of them, shall be
<br /> entitled to enforce this Deed of Trust and any other security now or hereafter held by Lender or?rustee in such ordec anc manner as they or
<br /> either of them may in their absolute discretion determine. No remedy conferred upon or reserved to Trustee or Eende�, is intended to be
<br /> exclusive of any other remedy in this Deed of Trust or by Iaw provided or permitted, but each shall be Cumulative and sftall be in addition to
<br /> every other remedy given in this Deed of Trust or now or hereafter existing at law or irl eqUity 6r by st8tate: Every power a temedy piven by the
<br /> Note or any of the Related Documents to Trustee or Lender or to which either of them may be otherwise entided, may be exeroised,
<br /> concurrenBy or independently, from time to time and as often as may be deemed expedient by Trustee or Lender, and either of them may
<br /> pursue inconsistent remedies. Nothing in this Deed of Trust shall be construed as prohibiHng Lender from seeking a deflciency JudgmeM
<br /> ageinst the Trustor to the extent such action is permitted by law.
<br /> Request For Notice. Trustor,on behalf of Trustor and Lender,hereby requests that a copy of any NoNce of De(sult and a copy of any NoHce
<br /> of Sale under this Deed of Tn�st be mailed to them at the addresses set forth in the 8rst paragraph of this Deed of Trust.
<br /> Wdver; Elactlon of Remedies. A waiver by any party of a breach of a provision of this Deed of Trust shall not constitute a waiver of or
<br /> preJudice the part�s righis otherwise to demand strict compliance with that provision or any other provision. Election by Lender to pursue any
<br /> remedy provided in this Deed of Trust,the Note, in any Related Document, or provided by Iaw shall not exclude pursuit of any other remedy,
<br /> end an electlon to make expenditures or to take action to perform an obligation of Trustor under this Deed ot Trust after failure of Trustor to
<br /> perform shall not affect Lender's right to declare a default and to exercise any of its remedies.
<br /> Attomeys'Fees; bcpenses. if Lender institutes any suit or action to enforce any of the terms of this Deed of Trust,Lender shall be entided to
<br /> recover such sum as the court may adjudge reasonable as attorneys' fees at trial and on any appeal. Whether or not any court action is
<br /> invdved,all reasonable expenses incurred by Lender which in Lender's opinion are necessary at any time for the protection of its interest or the
<br /> enforc;ement of its rights shall become a part of the Indebtedness payable on demand and shall bear interest at the Note rate irom the date of
<br /> expenditure until repaid. Expenses covered by this paragraph include,without limitation, however subject to any limits under applicable law,
<br /> Lender's attwneys'fees whether or not there is a lawsuit, including attorneys'fees for bankruptcy proceedings (includiny efforts to modify or
<br /> vacete any automatic stay or injunction), appeals and any anticipated post judgment collection services, the cost of searching records,
<br /> obtaining title reports (including foreclosure reports), surveyors' reports, appraisal fees, tide insurance, and fees for the Trustee, to the extent
<br /> permitted by applicable law. Trustor also will pay any court costs,in addition to all other sums provided by Iaw. �
<br /> Riphts of Trustee. Trustee shall have ail of the rights and duties of Lender as set forth in this section.
<br /> POWERS AND OBLIGATIONS OF TRUSTEE. The following provisions relating to the powers and obligations of Trustee are pa�t of this Deed of
<br /> Trust.
<br /> Powers oi Trustee. In addition to all powers of Trustee arising as a matter of Iaw,Trustee shall have the power to take the following actions
<br /> with respect to the Property upon the written request of Lender and Trustor: (a)join in preparing and filing a map or plat of the Real Properly,
<br /> including the dedication of streets or other rights to the public; (b)join in granting any easement or creating any restriction on the Real Property;
<br /> and (c))an in any subordination or other agreement affecting this Deed of Trust or the interest of Lender under this Deed of Trust.
<br /> Trustee. Trustee shall meet all qualifications required for Trustee under applicable Iaw. In addition to the rights and remedies set forth above,
<br /> with respect to all or any part of the Property,the Trustee shall have the right to foreclose by nofice and sale,and Lender shall have the right to
<br /> fweclose by judicial foreclosure,in either case in accordance with and to the full extent provided by applicable Iaw.
<br /> Succeseor Truates. Lender,at Lender's option,may irom time to time appant a successor Trustee to any Trustee appointed hereunder by an
<br /> instrument executed artd acknowledged by Lender and recorded�n the office of the r�prder of HALL County, Nebreska. Trie instrument shaN
<br /> contain, in addition to all other matters required by state Iaw,the names of the original Lender,Trustee, and Trustor,the book and page(or
<br /> computer system reference)where this Deed of Trust is recorded,and the name and address of the successor trustee,and the instrument shall
<br /> be executed and acknowledged by all the beneficiaries under the Deed of Trust or their successors in interest. The successor trustee,without
<br /> conveyance of the Property,shall succeed to all the title,power,and duties conferred upon the Trustee in this Deed of Trust and by applicable
<br /> law. This procedure for substitution of trustee shall govern to the exclusion of all other provisions for substitution.
<br /> NOTICES TO TRUSTOR AND OTHER PARTIES. Any notice under this Deed of Trust shall be in writing, may be sent by telefacsimile (unless
<br /> otherwise required by law), and shall be effective when actually delivered, or when deposited with a nationally recognized overnight courier, or, if
<br /> mailed,shall be deemed effective when deposited in the United States mail first class,certifled or registered mail,postage prepaid, directed to the
<br /> addresses shown near the beginning of this Deed of Trust. Any party may change its address for notices under this Deed of Trust by yivinp formal
<br /> written notice to the other parties,specifying that the purpose of the notice is to change the party's address. All copies of notices of foreclosure from
<br /> the holder of any lien which has priority over this Deed of Trust shall be sent to Lender's address,as shown near the beginning of this Deed of Tru�t.
<br /> For notice purposes,Trustor agraes to keep Lender and Trustee informed at all times of Trustor's current address.
<br /> MISCELLANEOUS PROVISIONS. The following miscellaneous provisions are a pa�t of this Deed of Trust:
<br /> Amendments. This Deed of Trust,together with any Related Documents,constitutes the entire understanding and agreement of the parties as
<br /> to the matters set forth in this Deed of Trust. No alteration of or amendment to this Deed of Trust shall be effective unless given in wridny and
<br /> siyned by the party or parties sought to be charged or bound by the alteration or amendment.
<br /> ApplM.able Lew. This Deed of Trust has been delivered to Leader and accepted by Lender In the State ot Nebroska. This Deed of Trust
<br /> shdl be�ovemed by anc�„con�t,rued.in acc�or�aace with the laws of the State of Nebraska.
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