|
��15���57
<br /> DEED �F TRUS�
<br /> Laan 1Vo: �7��5��4°� {�ol�$Inu�d} Page 4
<br /> SECUF�ITY AG�EE�ENT; F�NANCENG STATEII!lENTS. The �ol�ow�ng pro�isivns re[ating ta this Deed of Trust as a
<br /> securi�y agreement are a part of this Deed of Trust:
<br /> 5ecurity Agreement. This instrument sha[f cons�itute a Security Agreemen� to the ex-tent any o� the Property
<br /> cons�itutes fi�ures, and Lend�r shall na�e a[[ o�the righ�s o�a secured par�y under the Uniform Gommercial �ode
<br /> as amended�Frvm�ime�o�ime. .
<br /> Securify in�erest. Upon request by Lend�r, Trustor shall take whatever action �s requested by Lender to per�ect
<br /> and continue Lender's security in�eres� in�he Persona� Proper�y. f n addifiion to rec�rding this Deed of Trust in �he
<br /> rea[ prvp.erty records, Lender may, a� any time and without �urther authori�a�ion from Trustor, file executed
<br /> coun�erparts, capies or reproduc�ions o� this Deed o� Trus� as a financing statemen�. Trustar �hall re�mhurse
<br /> Lender for all expenses incurred in per��cting or cantinuing this securi�y interest: Upon de�ault, Trustor sha[I not
<br /> remfl�e, seWer or detach �he P�rsona[ Property from th.e Property. Upon defauit, Trustor shall assemble any
<br /> Pe�sona[ Property not a��ix�d to �the Property in a manner and at a p[ace reasonably coni��nient to Trus�or and
<br /> Lend�r and make ��t availa�le to Lender vvi�hin three �3� days after receipt o� iivritt�n demand firom Lender to the
<br /> extent permi��ed by appfi�able law.
<br /> Addresses. The ma��in� addresses of Trustor {dehtar} and Lender {secur�d party� from which inform�t�on
<br /> conce.rn�ng the security interest granted by this Deed o'f Trus� may be obtained {each as required by the [Jni�orm
<br /> Comme�cia[ Code� are as sta�ed on the�First page o�th�s Deed vf Trus�.
<br /> FURTHER ASSURANCES; �TT�RNEV-IN-FA�T. The �following pro�isions relating to further assu�-ances and
<br /> a��orney-in-�act are a part o�this Deed af Trust:
<br /> Further�ssurances. At any time, and from t�me to time, upvn request ofi Lender,Trust�r w��� make, execute and
<br /> deliWer, or wi[[ cause to be made; e�ecuted or de[iWer�d,to Lender or�v Lender's designee, and when reques�ted by
<br /> Lender, cause to be fil�d, recarded, refiled, or rerecorded, as the case may be, at such ti_mes and in such offices
<br /> and pfaces as Lender may de�m appropriate, any and a[[ such mortgages, deeds o-�trust, secur�ty deeds, se�urity
<br /> agre�men�s, financin� s�a�emen�s, continuafiian sta�ements, ins�ruments o�F �further assuranc�; certificates, and
<br /> o�her documen�s as may, in the sole opinion of Lende�f be necessary o�desirabl��n �rder to efFectuafie, complete,
<br /> per�ect, c�n�inue, or preserve �'i� Trustor's ❑b�igations under the Credi�Agreement, �his Deed o-�Trust, and the
<br /> Rela�ed Documents� and {�} the liens and security inter�sts cr�ated hy�his ❑eed o�F Trust as ���rst and prior iiens
<br /> on the Proper�y, �nrhethe�-naw ov�rned or hereafter acquired by Trus�or. Un[ess prQhibi�ed by Iavtir ar Lender agrees
<br /> tv the contrary in writing,Trustor shall reimburse Lender fvr all costs and e�penses incurred in�onnecti�n wi�h-�he
<br /> rna�ters re�erred to in th�s paragraph.
<br /> At�orney�n-Fa�ttl l�Trustor fails to d� any of th��hings referred to in the preced�ng paragraphr L�nder may do so
<br /> fvr and �n the name ��F Trustar and at Trus�or's expense. For such purposes, Trus�or hereby zrre�ocab�y appv�n�ts
<br /> . Lender as Trus��r`s a�torney-in-�act�or the purpose o�making, e�eecuting, deli�er�ng��iling, recording, and doing all
<br /> v�her things as may be necessary vr desirab[e, in Lender's so[e opinion, �o aGcamplish the mat�ers re�erred �o in
<br /> the preced�ng paragraph.
<br /> FULL 1PERF�RiIIiANCE. l�Trustor pays all the Indebtedness v�rh�n due,termina�es the credit[ine account,and otherv�rise
<br /> per�orms a�!the obligatians imposed upon Trustor under this Deed v�Trust, Lender sha[[ execute and de[iver tv Trustee
<br /> a r�ques� �For �u[[ recvn�eyance and sha�� e�e�cute and deiiver to Trus�or suitab[e s�atemen�s of �ermination of any
<br /> financing sta�emen� on file e�idencing Lender's securi�y interes� in the R�nts and �he Persanal Property. Any
<br /> recon�eyance fee required by[aw sha11 he pa�d by Trustor, if permit�ed by applicab[e law.
<br /> EVENTS �F DEFAULT. Trustor will be in de�au[�under th'rs �eed o�F Trust �f a�y o�the �of[awing happen: �A} Trustor
<br /> cornmits �raud or makes a material misrepresentation at any tirr�e in c�nnec�ion wi�h �h� Credit Agreement. ThEs can
<br /> include, for example, a false s�atement abvu� Trus�or's sncor�e, asse�s, 1�abi�€tfes, o� any oth�r aspec�s o� Trustor's
<br /> �inancia! condi�iort. {B� Trus-�o�-does not me��th� rep�yrrien��errr�s of the �redi�Agr�e�ent. �C} Trustor's ac�tion or
<br /> dnac�ian ad�ersely affects �the collat�ral vr Lender's rights �n �he collafierai. This can incfude, fior e�amp[e; failur� to
<br /> rnaintasra rec�u�red insurance, vvas�e or des�ructive use of the dwe��ing, fai�u�-e�a pay-�axes, death af a�i persons liab[e on
<br /> the accvunt, t�ans�er of �itle ar sa[e of �he dwelling, cre�tio� o�F a senivr [ien on �he dwef ling without Lender's
<br /> permiss;�n, �Fvre�losure by the halder of anoth�r�f�n, or-the use af funds��r the dwe[[ing for prohibited purposes.
<br /> RtGHTS AIVD REiIl�ED�ES �N DEFAUL�. lf an E�ent of Defau�t occurs under th�s ❑e�d o�Trus�, a�any tim��hereafter,
<br /> Trustee or Lender may exercise any an�or mflr�o�the€o[[�wing righ�s and remed�es:
<br /> A�ce�eration U�vn Defau�t;�tdditAvnaI Remedies. l�any EWent of De�ault accurs as per the�erms o�the Credit
<br /> Agr�ement secured hereby, Lender may deciare al[ lndebtedness secured �y this I��ed of Trust to he due and
<br /> payab[e a.nd fihe sa.m� shall thereupon become due and payab�e wi�hou�any presentment, demand, pratesfi or
<br /> notice vf any kind. �fhereaf�er,Lende�may:
<br /> �a} Ei��ter in persan ar hy ageni�■ 1N1��'l DC �nrithou� bringing any action or proceeding, vr by a recei��r
<br /> appoin�ed by a c�ur-�and wi�houit regard �o the adequacy v�its securi�y, en�er upon and take possession
<br /> of the Property, vr�ny par�thereo�, in ��ts own name o�'rn�he name o�Trustee, and do a-ny ac�s wh�ch i�
<br /> deems necessary or desirable to preserve�he�alued marke�ability or rentabili�y o��he Prop�r�y, or par�t of
<br /> the Praperfiy or in�erest in the Praperfi�; incr�ase the incflme from the Proper�y or protect the secu�ity o�
<br /> the Proper�y; and; vvi�h ar without taking possession of the Property, sue €or or vtherwise callect �he
<br /> r�n�s, issues and pro�its of th� Property, �ncluding fihvse past due and unpaid, and apply�he same; less
<br /> costs and expenses o�F opera�ion and �vl[ec�ion attvrneys' �Fees,t❑ any indebtedness secured by this Deed
<br /> o� Trust, all in such order as Lender may determine. The en�ering upon and taking possession o� the
<br /> Properfiy, �he c�llection of such renfis, issues and profits, and the application �herev� shall no� cure or
<br /> wai�e aRy de�aul�or notic� of de�ault under this Deed o�Trust or inva[idate any act d�ne in response t�
<br /> such de�au��vr pursuant ta such.no�ice�f defau��; and, natw�ths�anding�he�on��nuance in possessian of
<br /> the Prvper�y or the col�ect�on_, recei�t and app[�cation af rents, issues or pro�its, �rustee or Lender sha[[
<br /> . be en�itled -�a exercise �very right pro�Qded for in the �r�dit Agr�ernent �r the Re�ated Documents or by
<br /> law upon th�occurrence of any e�ent�f default, including the right to exerc�se th� pvwer o�sa[e;
<br /> �b� �o�r�ence an ac�ion���Foreclose th�s Deed �f Trus�as a mortgage, appvint a rece��er or speci�fica�ly
<br /> enforce ar�y o�F�he co�enan�ts hereof;and
<br /> {G� Del��er ta Trus�ee a writ�en dec.larafiion of d��ault and demand for sa[e and a written notic�o�def�ul�
<br /> and elect�on to cause Trustor's in�erest in the Property to be sold, which no�ice Trustee sha�i cause to be
<br /> dufy filed for re�ord in the appropriate offices o�F�he Gvunty in which the Property is ivca�ed;and
<br /> {d} Vllith respect to all or any part o�th� P�rsona[ Proper�y, Lender sha[i have�11�he righ�s and remedies
<br /> of a secured party under the Nebraska Uni�orm Commercial Code.
<br /> FarecIosure by Power of Sale. if L�nd�r elects ta foreclose by exercise of th�Power��Sal�herein can�ained,
<br /> • Ler�der sha1� noti-�y Trustee and sha�E deposit rrvith Trustee this Deed of�frus� and the Credit Agreement and
<br /> such�ece'ip�s and e�idence af e�ependi�ures rr�ade and secured by�this Deed o#-frus�as r rustee may requ�r�.
<br /> � �a} lJpvn rece�pt of such notice fr�r� Lender,Trustee shall cause�o be recorded. pub[�shed and d�[ivered
<br /> �fl Trusto�-such No�ice a� ��fau[t and Notice af Sa[e �s�khen required by �avv and by�his C��ed o�Trust.
<br /> Trustee shall, i�vith�u� demand on Trus��r, a€-te�- such t�.me as may then be requ�red by �aw and af-ter
<br /> rec�rda�ion of such Nvtice o�Defaulfi and afi�er �lv��ce of Sa[e haW�ng b��n given as required by [�wa sel�
<br />
|