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v-9
<br /> ��15���SS 9
<br /> �EE� �F TRUST
<br /> Loan Na: '14'��8�347 �C�r�t�nU�d} Page 4 .
<br /> campletes all reasanable and necessary st�ps su�fi�ient to pr�du�e compliance as soon as reasonably practical.
<br /> R[GHTS AND REMEDIES ❑N DEFAULT. Upon the occurren�e nf any E�ent ofi De�ault under any inde��edness, or
<br /> should Borrower or Trus�or fail �o comply wi�h any of Sorrower's or Trus�ar's obligativns under this ❑eed a� Trust,
<br /> Trustee ar Lender may exercise any one or m�re�f the fol[awing righ�s and remedies:
<br /> Ac��lerat�on Upon Defiaul�t; A�ldi�ional Remedies. If any Event o�F De�ault occurs as per the t��ms of the Nate
<br /> secured he�eby, Lender may declare all lndeb�edness secured hy�his aeed of Trust to be due and payable and
<br /> the sam�shail fih�reupon bec�me due and payabi� without any presentment, demand, protest�r notice of any
<br /> kind, Thereafter, Lender may:
<br /> {a� Eith�r in person or by agen�, v►ri�h ar without bringing any actian vr proceed�n�, or by a receiver
<br /> appvinted by a caurt and without r�gard to t�e adequacy of i�s security, �nt�r upon and�ake poss�ssion
<br /> af the Property, �r any part fihereaf, in its o►nrn name vr�n the name of Trust�e, and d� any acts whi�h it
<br /> deems necessary or des�rable to preser�e the Walue, marke�ability vr renta��lity�f the Property, �r part v�
<br /> th� Praper�y or interest in the Prap�rty; in�r�ase the inG�me from �he Property or pratec�the security of
<br /> �he Pr�perty; an�1, with or with�u� taking possessian of �he Property, sue fvr ar otherwise collect �he
<br /> rents, issues and profi�s of the Prope�-ty, including those past due and unpaid, and apply the same, less
<br /> costs and expenses of operatian and collectian attorneys' fees,�o any indebtedness secured by this De�d
<br /> of Trus�, aIl in such order as Lender may de�ermine. The enterin� upon and �aking possessE�n o�F th�:
<br /> Proper�y, �he collec�ion af such rents, issues and p�afiits, and the application thereof shall not cure or
<br /> wa�ve any default or notice of default under this Deed of Trust ❑r in�alidate any a�t done in response ta
<br /> such default or pursuant to such nv�ice af de�fault; and. notwithstan�in�the �ontinuan�� in passessi�n of
<br /> �he Proper�y or �he co[I�ction, receipt and appl�cation of rents, issues or prafiits, Trustee or Lender shall
<br /> be entitled to exercise eWery right pro�ided far in the Not� ar the Related D�cuments or by law upon the
<br /> ��currence af any e�ent of de�ault, including th� righ�to exercise the pawer of sale;
<br /> �by Cvmrnence an acti�n to fareclose this Deed �t Trust as a m�rtgage, appoint a recei�er ar speci�ica�ly
<br /> enforce any vf the co�enants hereQf, and
<br /> �c} DeliWer ta Trus�ee a written declarati�n af de�aul�and d�mand far sale and a wri�rten no�ice o�default
<br /> an� el�ction t❑ cause Trustor's interest in the Pr�perty#v be sald, which nati�e Trus�ee shafl cause tv be
<br /> duly fil�d for record in the appropriate�ffices �f the �oun�y in which the Property is located; and
<br /> �d} 1Nith respect to ali ar any par�of the Personal Pr�perty, Lender shall haWe all the rights and rem�di�s
<br /> of a s�cured party und��the Nebraska �nifarm Commercial Code.
<br /> Fare�losure hy Power vf Sale. lf Lender elects to for�clvse by ex�rcise af the Power o�Sale herein c�ntained,
<br /> Lende� shall noti�y Trustee an� shall deposi� with Trustee this Deed af Trust and the No�e and such rec�ipts
<br /> and eviden�e of expenditures made and secured by�his #�eed a�Trus�as Trustee may requirs.
<br /> {a� L]pon r�ceipt�f such notice from Lender, Trustee shall caus�to be recorded, published and delivered
<br /> to Trust�r such Notice of D�fault and Nofiice of 5ale as �hen ��quired �y law and by this Deed o�Trus#.
<br /> Trustee shall, without demand on Trustar, a�ter such time as may then be required by law and af�er
<br /> recvrdation of such Natice of aefaul� and after Notice of Sale haWing been gi�en as required k�y law, sel�
<br /> the Property at th� �ime and place af sale fix�d by it in such Notice of SaE�, either as a whvle, ar in
<br /> separate lots or parc�ls or i�ems as Trustee shall d�em expedient, and in such arder as it may d�termine,
<br /> at public auction�� the highest bidd�r far cash in lawful maney of�he United States payabl� at the tim�
<br /> of sale, Trustee sha�l delEver to such pur�haser ar purchasers thereof its good and sufficient deed or
<br /> d�eds c�n�eying the pr�perty sfl sold, bu� w��hout any co�enant or warran�y, express ❑r implied. The
<br /> r�citals in su�h deed vf any rnatters �r fac�s shail be conclusi�e proaf of the truth�ulness ther�o#, Any
<br /> person, in�ludin� without limita�ion Trustor, Trustee, or Lend�r, may purchase at such sale.
<br /> {b� As may be permitted by lav►r, after d�:duc�ing all c�s�s, fees and expenses of Trus�ee and af this
<br /> Trust, including cos�s flfi eWid�n�e of title in canne�ti�n with sa�e,Truste�shal! apply the proc�eds of sal�
<br /> to payment�� fi� all sums �xpend�d unde��he terms of this Deed�f Trust or und�r the terms af th� Note
<br /> nat �hen repaid, inc[uding but not I�mited to accrued interest and late charges, {iE� all other sums then
<br /> secured hereby, and �iii� th� r�mainder, if any,i�o�he person vr persans legally enti�led th�ret�.
<br /> �c} Trust�e may in the manner pro�ided �y law postpone sale of al1 or any portian o�F the Prvperty.
<br /> Remedies Not Exclusive. Truste� and Lender, and each of them, shal! be �n�itled tv enforce payment and
<br /> performance af any indebte�lness or vbiiga�Eons secured by this De�d o�Trust and fa exercise all rights and po►rvers
<br /> under this Deed vf Trust, und�r �he N�te, under any af the Related �3o�uments, or under any other agreement or
<br /> any laws n�w ar hereafter in fvrc�; notwithstanding, some ar alf of such indebtedn�ss and obliga�ions se�ured by
<br /> this Deed �f Trust may now ❑r h�r�after be otherwise secured, whether by mo�tgage, deed o�F trust, pl�dg�, lien,
<br /> assi�nment �r otherwise. Neither the acceptance of �hEs aeed of Trust nor its en�For�ement, whether by court
<br /> ac�ion or pursuant t� the power af sal� �r other povvers contained in �his Deed of Trus�, shall prejudice ar in any
<br /> manner affe�t Trustee's flr Lender's right to realize upon ❑r en�force any other security now or hereafter held �ay
<br /> Trustee or L�nder, it being agreed�ha�Trus�ee and Lender, and ea�h of�them, shall be entitled to enfarc�this ❑�ed
<br /> v� Trust and any ��her secur�ty now �r herea�ter held by Lender or Trust�s in such order and manner as they or
<br /> either af them may in #heir absolute discretion deterrnine. No rem�dy conferred upon or reser�ed to Trus�se or
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