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��15�1415
<br /> D�ED �F 1��.�J�T
<br /> �
<br /> �Con��nu�d� Pa�� 5
<br /> Even#s Affe�#ing Guarantor. �r�y of the pr�ceding e�en#s occurs wi�h r�spect tt�any�uarantor, endorser, surety,
<br /> or accomrriodat��n par�y of any af the Indebtedness or any guarantar, endorser, surety, or accommvdafiian party
<br /> dies vr becames incampetent, or re�vl�es ar disputes the validity ❑f, vr liability under, any G�aran�y of th�
<br /> lndebtedness.
<br /> InseGurify. Lender in gaod€a3�h belie�es itself insecure..
<br /> Exrsting Indebtedness. The payment of any ins�ailmen�of princi�al or any interest on th� Exis�ing Indebt�dness is
<br /> no�made within�he time required by the promissor�nat�e�idencing such indeb�edness, vr a defau[t a�curs und�r
<br /> the instrumen�se�urin�g su�h ind�htedness and is no�cured d�ring any applicabl��race period in such instrument,
<br /> or any suit❑r ather a�tion is eommenced ta foreclose any exisfir�g lien on#he Pr�per#y.
<br /> RIGHTS AN❑REMED[ES �N DEFAULT. If an E�ent af Default flccurs under�his Deed o�Trus�, at any time fihereafter,
<br /> Tru�tee v�-Lender ma}r exercis�any ane❑r more of the fallowing rights and remedies:
<br /> AccQleratian Upon �e�aul�; Additfanal Remedies. !�'any Eu�nt of Defau[��ccurs as per#he#erms flf�he Note
<br /> s�cured here�y, Ler�der may declare al[ lndebtedness se�ur�ed by this C�eed of Trus��o be due and payable and
<br /> the same shall�hereupon become due and payab{e v►ri�hou�an�pres�ntmen�,demand,protes�vr natice af any
<br /> kind. Thereafter, Lender may:.
<br /> �a} Either in person or by agent, �rvith or withau� �ringing any action or proceeding, or by a recei�er
<br /> appointed b�r a�ou�and without regard to the adequ��y of its se�urify, enter upon and take pnsses�ian
<br /> of the Property, or any part thereof, in its vwn name r�r in fhe name vf Trustee, and dn any acts wh�ch �t
<br /> deems ne�essary ar desirah�e to preserve�he�alue, m�rketabili�y ar renfiability of the Property,�r par�of
<br /> the Property or interest in the Property; in�rease#he income fr�m the Property or prvte�t the se�uri�y of
<br /> �he Prope�y; ar��, wi#h ❑r without fiaking possessi�n of�the Pr�perty, sue for ar ofherwise co�lect th�
<br /> ren�s, issues and profits o��he Proper�y�, includin� those p�st due and unpaid, an�d apply th� same, le�s
<br /> casts and expenses of op�ratian and�vlle�tion aftorneys'fees,�o�ny indebtedne�s secured by#his Deed
<br /> of Trus�, all in such order as Lender may det�rmEne. The enterin� upvn and taking possession a�t��
<br /> Proper�y, the coElectifln af su�h rents, issues and proiits, and the applica�ion thereaf shall na� cur� or
<br /> wai�e any defaui#or natice of defaul�under�his �eed o�Trust or in�alidat� any ac�dvne in respanse to
<br /> such defaulfi Qr pursuant tv�uch notice of defaul�;and, notw��hstanding the cantinuance in possessian vf.
<br /> th� Pr�pe�ty vr the col�ection, receipt and ap�licativn of ren�s, issues or profts, Trustee or Lender shall
<br /> h� entitled to ex�rGise every right pro�id�� fvr in the Note vr#�e Related Documents or by law upon�h�
<br /> occurrence v�an�e�ent of default,in�lud�ng the right�a�xercis�fihe pawer of sale;
<br /> {b} Cvmmence an ac�ior��a f�reclose this Qee� of T�-usf as a m�rtgag�e, ap��int a recei�er vr specificall�
<br /> enfiorce any o�th�co��nan�s hereof; and
<br /> {c} De�iver�o Trustee a wr�tten declar�tion of default and demar�d far sale and a written no�ice o�default
<br /> and election to cause Trustvr's�nterest in the Property to be sold,which notice Trus���shall cause�v be.
<br /> duly filed for recard in the app�opriate offices af the Count�in which the Prope�ky is lacated;and
<br /> (d� Witi�respect to a�l or any pa�t of�he Pers�na! Prop�r#y, Lende�shail hav�all the rights and rem�dies
<br /> o�a secure�d party und�r the Nebraska Uniform Commercial Gade.
<br /> Foreclasure b�Pvwer o�5ale. }�F Lender elec�s�v fare�lase by exercise of the Power of Sa�e herein�ontaine�i,
<br /> �ender shall notify Trus�ee and shall deposit with Trustee this �aed o�'Trust and �he Nvte and such receipts
<br /> and e�id�nce of expendi��res made and secur�ed by t'his Deed of Trust as Tru�tee rr�ay r�quire.
<br /> �a} Upor�receip�a�such natice fram Lender, Trustee shall cause ta be recorded, publish�d and deli�ered
<br /> to Trustar such Notice of Default�nd Nvtice �f Sale as�hen re�uired by Iav�r and �y this D�e� nf Trusf.
<br /> Trustee shal[, withaut demand vn Trus�or, a�ker` such time as rr�ay then be required by law a�d af�er
<br /> recardation of such Noti�e o�❑efault and�fter NQtice af 5ale having �e�n gi�en as required by law, sell
<br /> �he Prop�rty at the time and p�aGe ❑f sa�e fixed by it in such No�i�e a� Saie, either as a whole, or in
<br /> separate Ints ar parcels ar items as Trus�ee shalf deem e�pedient, and in such order as i�may de�ermine,
<br /> at pub[i�au�tion�v�he highest bidder fnr cash �n lawful mon�y af the Uni�ed 5fiates payab�e a��he time
<br /> of sale. Trustee shall deli�er to such purcha�ser a� p�rchasers �hereof its g�vd and su�icEent de�d vr
<br /> deeds con�eying the property sv sold, but without any �ovenant❑r warranty, express vr imp�ied. The
<br /> r�citals in such d�ed af any rna�ters or�acts shai� be cfln�lusiv� prvvf of�he truth�ulness thereaf. Any
<br /> persan, in�luding wi�hvut iimitation T�-ustvr,Truste�,or Le�der,may pur�hase at such sale.
<br /> �b} As may be permitted by law; after d�ductinc� all �osts, fees a��d expense� of Trustee and af this
<br /> Trust, inc�uding cos�s a�eWidence of title in cannec�ivn wifh sale,Trustee shall apply the prvice�ds of sa[e
<br /> to payrnent of �i}all sums expend�d under the terms of this Deed af Trust or u�nder the terms a�the No�e
<br /> na#�hen repaid; in�luding but r�o� limited to �C�ru+ed interes� and late charges, �ii} a�l other sums then
<br /> s�cur�d hereby,and �iii}th�remainder, i�any, �a the person vr persvns I�gally entitfed�here�o.
<br /> �c} Trust�e ma�in#he rnann�r pro�ided by law pvstpvne sale o�all❑r any partion of the Property.
<br /> RemedEes IVot Exclus��rre. Trust�e and Lender, and each of therr�, �hal[ be er�ti#led ta enforce payment and
<br /> performance of any indebtedness or obiigations secured b�this Deed vf Trus�and to e�cer�ise ali r�ghfs and powe�s
<br /> under�his Deed of Trus�, und�r the Nate, under a�y af the Relat�d �ocuments, ar under any oth�r agreerYtent or
<br /> any laws nnw vr hereaf�er in farce; notwiths�and;ng, sarne ❑r all of such indebtedness �nd ❑bligat�ons secured by
<br /> this D�ed of Tru��may now vr her�a�er be vtherwi�e secr�red; whe��er by mor�gage, deed of tru�t, �Iedge, lien,
<br /> assignment ar otherwise. Neither the a�c�p�ance o�this Deed of Trusf nor its �n�orcement, whether by cvur#
<br /> action ❑r pursua�#to the pawPr�f sa��or other pawers contained ir� this D�ed �f Trust, shall p�e�udice or in any
<br /> manner af�e�t Trustee's or Lender's right#a rea[ize upan ❑r en�orce any�ther security now or hereafter heid by
<br /> Trustee ar Lertder, it being agreed that Trust�e and��nc�er,and each v�them, sh�ll be entit[ed fia enforce this�eed
<br /> of Trust and any other s�curity now or hereaf�er heid by Lender❑r Trustee in su�h ❑rder and manner as they or
<br /> �ither nf th�m r�ay in their absolute discre�ion de�ermine: IVo remedy �on��rre� upan ar reserved �a Trustee ar
<br /> Lender, is in�ended to be exc[us��e of any v�her remedy in this ❑eed �f Trust or by lauv pra�i�ied ❑r permitted, bu#
<br /> each shafl b� cumuiatiWe and shall be in addition to ewery other rernedy given in this Deed �� Trust ❑r nvw ar�
<br /> hereafter existing at law ar in equity or by sta�u�e. E�ery pawer or remedy giWen by the Note Qr any a��he Related
<br /> �ocurnen#s ta Tr�stee or Lender ar tv whi�h either of them may be v�f�en�vise entitled, mayr be �xercised,
<br /> cvncurrent�y or independent�y,fram�ime to fime and as often a� may be deemed expedient by Trustee or Lender,
<br /> and either of �herr� may pursu� inconsisten�t rernedi�s. i�vthing in thrs Deed af Trust shall be cons�ru�d as
<br /> prohibiting Lender fr�m�eekin�a deficiency judgrr�en�against th�Trustor to�he e�c�en�such a�fion is permi�ted by
<br /> I av�.
<br /> Election af R+emedies. All vf Lender's rights and r�medies will be cumulati�e and ma� be �xercised alone ar
<br /> �ogether. 1�Lender de�ides to spend mon�y ar�� perForm any of Trustvr's ob�igations under this Deed af Trust,
<br /> after Trustvr"s failure�v do so, that decision by Lender wil! nvt aff�ct Lender's right to de�[are Trustor in defiau��
<br /> and to�xercise Lend�r's remedie�.
<br /> Request for Nof��e. Trustvr, on behalf�f Trusfor and Lender, here�y r�quests�hat a Gvpy of any Natice of C3efau[f
<br /> and a capy�f any Notic�of�a�e under this ❑eed o�Tru�t be maiied t��hem�t the addresses s��fo�th in the first
<br /> paragraph o��his De�d of Trus�.
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