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��15��414
<br /> DEE� �F` TRLJ��
<br /> ���C��i�1u�d� Page 3
<br /> Even�s Affe��ing Guararatar. Any a��he pre�eding e�en�ts �ccu�s wi�h respect to any guarantor. endorser, surety,
<br /> or accommadation par�y of any of the lndebtedness ar any guarantor, endorser, sure�y, ar accommodation par�y
<br /> dies or becvrn�s incompetent, or r��okes or disputes the �alidity of, �r liabi[ity under, any Guaranty o� �he
<br /> lnd�btedness,
<br /> Adrrerse �han�e. A materia[ ad�erse change occurs in garrower's or Trustor's �inancia[ cvndition, or Lender
<br /> belie�es�he prospect of payment vr perfvrman�e of the �ndebtedness is impaired.
<br /> Cnsecurity. Lender in good faith �elie�es itse[f Ensecure.
<br /> R�GHT'S AN1] REllVYEDeES t3N ❑EFAULT. Upon the occurren�e a� any E�ent ofi Defau[t under any indebtedness, or
<br /> should Borrower or Trustor fail to c�mply with any vf Borrower's �r Trustor's obligations under this Deed of Trust,
<br /> Trustee or Lende�-may exercise any�ne or more o�th��ollowing rights and remedies:
<br /> A�ce[erafian Upon Defauit: Acfdi�iana� Remedies. 1f any E�ent ofi Default occurs as per the terms ❑f the No�e
<br /> secured herehy, Lender may de�lare all lndebtedness secured by�his Deed o�Trus�to E�e due and payable and
<br /> th� same shal� thereup�n be��me due and payable without any presentment, demand or prv�est �f any kind.
<br /> Therea��er, Lend�r may:
<br /> �a� Either in pers�n or by agent, with or without bringing any action or prQceeding, or hy a receiver
<br /> appointed by a court and w�thou� regard to the adequacy of its secur�ty, enter upvn and take passession
<br /> o��he Property, or any par�thereof, in its ❑wn name or in�he name o#Trustee, and do any acts which it
<br /> deems nec�ssary vr desirable�t� preser�e the �a[ue, marketa�i[ity or rentability of the Prop�rty, or par�of
<br /> the Proper�y or interest an the Pr�perty; increase the �ncome -from �h� Property or protec��khe securi�y a�
<br /> the Praperty; and, vErith or without �aking passess�vn vf the Property, sue fior ❑r otherwise co[fect the
<br /> rents, issues and pro�its o#the Property, including those pas� due and unpaid, and apply �he same, iess
<br /> cos�s and e�cpens�s vf aperation and collec�ion attorneys' fees,ta any indet�tedness secur�d by this aeed
<br /> �� Trust, a[[ in such order as Lender may de�ermine. The entering upon and taking possession �f �he
<br /> Property, the callection vf such rents, issues and prvfii�s, and the app[ica�ivn thereof shall no-t cure flr
<br /> waiWe any default�r notice o�default under this Deed of Trust vr in�alidate any a�t don� �n response t❑
<br /> such de�ault or pursuant ta such notice af d��ault; and, notwithstanding the continuance in possessi�n of
<br /> the Property vr the collection, receipt and applicati�n of ren�s, issues vr pro�its, Truste� or Lender shall
<br /> be entit[ed �a exercise e�ery righ� pro�ided far in the Note or the Re[ated Do�uments vr by iaw upon �he
<br /> accurrence of any e�en�of default, including th� ��ght to exercise th� pvwer❑f sa�e;
<br /> �b} Commen�� an act�on to �areclose this Deed of Trus�as a marfigage, appQint a receiver or specifiica�ly
<br /> enfor�e any of the co�enants hereof; and
<br /> �c� ❑eli�er to Trustee a written declaration of default and demand for sale and a �rvritten notice o�default
<br /> and election to cause Trustor's interest in the Proper�y to be sa�d, which no�ice Trustee shall cause�a be
<br /> du[y�iled f�r record in the apprapriate❑ffiices o�the �aunty in v►�hich the Properfiy is locat�d; and
<br /> {d} With resp�ct�o all ar any part vf�he Persanal Property, Lender sha11 ha�e a[[the rights and remedies
<br /> �of a secured party und�r the Nebraska Uniform Commercial Code.
<br /> Fare�lvsur� by Pvwer of Sale. l�L�nder elects to foreclose by exercise vf fihe Power of Sale herein contained,
<br /> Lender shal[ natify Trusfiee and shall deposit wi�h Trustee �his ❑eed of Trust and the No�e and such receip�ks
<br /> and e��dence�f expendi�ures made and secured t�y this Deed vf Trusfi as Trustee may require.
<br /> �a� Upon receipt o�F such natice frvm Lender, Trust�� shali cause to be re�orded, published and de�i�ered
<br /> to Trustor such IVoti�e of Default and Natice of Sa�e as then requi�ed by la�nr and by th�s Deed v�Trust.
<br /> Trus�ee sha�l, with�ut demand on Trustor, af��r such time as may th�n be required by law and after
<br /> r�cordation of such Notic� of De�Fault and after No�ice v# Sale ha�ing been gi�en as required by lavU, sell
<br /> the Property at the �kime and place o�F saie fixed f�y it in such Notice o# Sale, eE�her as a whole, or in
<br /> separate f�ts vr parcels or it�ms as Trustee shall deem �xpedien�, and in such �rder as i-� may de�ermine,
<br /> at publi� auction to the highest bidder for cash in faw'�u! m�ney of�he Unit�d States payable at�he time
<br /> n# sale. Truste� shall deliver to such purchaser ar purchasers thereofi its good and sut�icient deed or
<br /> deeds �anWey�ng the prop�rty sa s�[d, but without any c��enanfi or warranty, express or �mplied. The
<br /> reci�als in such deed of any ma��ers or €acts shall be conclusi�e prov� ❑f the truth#ulness ther���. Any
<br /> persan, inc[uding v�rithou�limitativn Trustor, Trus�ee, or Lender, may purchase at such sale.
<br /> {b} As may be p�rmi�ted by law, after deductin� a11 CD5�5, f��s and expenses v� Trus�ee and �f this
<br /> Trust, including cvsts of e��denc� af tit�e �n connec�ion with sale,Trust�e shal! apply the proceeds of sa[e
<br /> to payment of {�} all sums expend�d under the terms of th�s Deed ❑f Trusf or under the fierms of the Note
<br /> not then repaid, including but not �imited to accrued interes� and late charges, 4ii; a�� other sums �hen
<br /> secured h�reby, and �i�i� the rema�nder, i-�any, �❑�he pers�n�r persons lega[�y entitled thereto.
<br /> �c} Trustee may in the manner proWided hy law postpone sa[e�f a11 or any part�fln of the Property.
<br /> Remed�es iVo� Exc�usiWe. Trustee and Lender, and each vf them, shall be entitled tv en�Force payment and
<br /> performan�e v�any indebtedness �r ahligations s�cured by th�s Deed of Trust and t� exerc�se all rights and powers
<br /> under this ❑eed of Trust, under the Note, under any of the ReCated Dvcuments, or under any o�her agreemsnt or
<br /> any iaws now or hereafter in for�e; notwiths�anding, some ar all ❑f such indeb�edness and ❑bligations secured by
<br /> this Deed o#Trus� may now or hereafter E�e a�herv�rise secured, whether by mortgage, deed of trust, pfedge, lien,
<br /> assignment or otherwise. Neither the acceptance �f this Deed o� Trust nor its en�vr�ement, vvhether by cour�
<br /> actian or pursuant ta the pawer of sa[e vr other powers con�ained in this Deed ofi Trus�, shall prejudice or in any
<br /> mann�r a�F�Fe�t Trustee's or Lender's righ� to rea�ize up�n �r enforce any o�her se�urity now or h�reafter held by
<br /> Trustee�r Lender, it being agreed tha�Trustee and Lender, and each of them, shall be entitled ta enfiorce this Deed
<br /> o� Trus� and any vther security now or herea�Fter held by L�nder or Trus�ee in such order and mann�r as they or
<br /> either of them may in fiheir absolute discretion determin�. No remedy conf�rred upvn or reser�ed to Trustee or
<br /> Lender, is in�ended �o be exclusi�e of any other remedy in th�s Deed af Trust or by law pro�ided or permitted, but
<br /> each shall be cumulati�e and shall be in addition fio e�ery other remedy gi�en �n th�s Deed of Trust or n�w or
<br /> hereafter e�cisting afi law or in�quity or�y statute. E�ery power or remedy gi��n E�y the Note or any o�f the Related
<br /> ❑ocuments to Trus�ee or Lender �r to which ei�ther o� them may be vtherwise en-�it[ed, may be exercised,
<br /> cvn�urrent[y �r independently, �rom fiime to fime and as vften as may be deemed e�cpedien� by Trustee or Lender,
<br /> and either af them may pursue inconsistent remedies. Nothing in th�s ❑eed o�f Trust sha[� be construed as
<br /> prohibiting Lender�ram seeking a defi�iency judgment against th�Trus�or to the extent such action is permitted by
<br /> law. Election by Lender to pursue any remedy shalf no� exclude pursuit v� any other remedy, and an e[ection to
<br /> make expenditures ❑r �o take action �o perf�rm an obligation ❑f Trustor under �his ❑eed �f Trust, a�ter Trus�or's
<br /> �ailure t� per�rarm, shal[ nat affect Lend�r's right ta dec[are a default and �xercise its remedies.
<br /> �equest fvr Notice. Trustor, �n beha[f❑fi Trustor and Lender, hereby requests tha�a copy of any Not�ce vf Defau[t
<br /> and a copy of any No�ice of Sale under�his Deed o�Trust be mailed to them at the addresses set farth in�he first
<br /> paragraph��this aeed of Trust.
<br /> Aftvrneys' Fees: Expenses. I� Lender institutes any sui� or action tv enforce any of the terms of this Deed ��
<br /> Trus�, Lender shali be entitled to reco��r such sum as the court may ad�udge reas�nab€e as at�orneys' fees at�rial
<br /> and upon any appeal. Whether or not any courfi ac�ion is in�of�ed, and t� the extent not prahibi��d by [aw, all
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