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��15�353�
<br /> DEED �F TRUST
<br /> tC�nt��ued� Page 5
<br /> Defecti�e Cvllateralization. This De�d of Trusfi or any of the Relat�d �acuments ��ases to be in full for�e and
<br /> effect �including fai{ure ❑fi any collateral dv�ument to creat� a �alid and perfec�ed seGurity in�terest or �ien� at any
<br /> �ime and for any reasan.
<br /> Death ar lnsoiWen�y. The diss��utian o� Trustor's trega�dless of whe�her ele��ian fia con�inue is made}, any
<br /> member wi�hdraws fram the I�mited fiability company, or any other termination af Trustvr's existence as a going
<br /> bus�ness ❑r the dea#h of any memher, the insol�en�y o� Trustor, th� app�intment o� a recei�er fQr any part of
<br /> Trustvr`s prape��y, any ass�gnment for �he benefi�k of creditors, any type ❑f creditvr v+rvrkout, or the
<br /> commen�emen�t af any proceeding under any bankruptcy or insol�en�y !a►nrs by�r against Trustor.
<br /> Creditor vr Fvrfei#ure Praceedings. Commencement o� fvreclosure ar forfieiture proceedings, v►►hether by judicial
<br /> pr��eeding, self-help, repossessivn ar any ather methvd, hy any creditor o�Trus��r vr by any go�ernmentaf agency
<br /> against any property securing �he Indeb�tedness. This inciudes a garnishment of any af Trus�or's accaunts,
<br /> including deposit accaunts, with Lender. Howe�er, this E�en� of Default shall nat apply if �here is a good faith
<br /> dispute hy Trustor as to the validi�y �r reasonableness af the claim which is the hasis o�the creditor ❑r fvrfeiture
<br /> prviceeding and i� TrustQr gives Lender written nvti�e af the credi�or or forfei�ure pro�eeding and deposits with
<br /> Lender manies or a surety bond far th�creditor or forfei�ure proceeding, in an amount determ�ned by Lend�r, in its
<br /> saie discreti�n, as being an adequate reser�e or band for the dispute.
<br /> greach of�ther Agreemen#. Any hreach by Trus�or under the terms of any �ther agreement t��twe�n T�us�kar and
<br /> Lender �hat is not remedied within any grace per�od pro�ided there�n, including without limitation any agreement
<br /> concerning any inde�tedn�ss or ather af�ligativn a�Trustor to Lender, whether�xisting now ar later.
<br /> E�ents Affecting �ua�antor. Any of the preceding events ��curs with r�sp�ct to any guarantor, endvrser, surety,
<br /> or a�commodatian party of any o� the Indebtedness vr any guaran�ar, endarser, surety, or accommvdatian party
<br /> dies or beGomes �nGvmpetent, �r re�ol�es or disputes the �alidity of, ar liab�fi�y under, any Gua�anty vf �he
<br /> I ndebt�dness.
<br /> AdWerse Change. A material adverse change ��curs in Trustvr's financial Gvnditifln, ar Lender beli��es the
<br /> prvspe�t of payment or performance of the lndeh�edness is impaired,
<br /> lnsecurity. Lender in g�od�aith belEe�es itseff insecure.
<br /> Right#o Cure. If any default, v�her than a default in payment is curable and i�Trustar has not been gi�en a nvti�e
<br /> of a breach o�f the same pro��sian o�this D�ed of Trust within the preceding twel�e �'��� m�n�hs, i#may be cured i�
<br /> Trustar, a�ter Lender sends written nati�e to Trustar deman�iing cure of such defaul�: �1� cures#he default within
<br /> twenty ���} days; or {�f if th� cure requires mare than �wenty �2�� days, immediately initiates steps which
<br /> Lender deems in Lender"s sole discretion ta be sufficient to �ure �he default and thereafter continues and
<br /> comple�es ali reasanahfe and necessary st�ps su�fic��nt to praduce complian�e as soon as reasvnahly pracfiical,
<br /> RI�HTS AND REMEDIES DN f�EFAULT, if an E�ent�f Default occurs under�his fleed o#Trust, at any fiime thereafter,
<br /> Trus#ee ar Lender may�xercise any one❑r mor�of th�#ollor►ving righ�s and remedi�s:
<br /> A��elerativn Upon Default; Additional Remedies. I� any E�enfi of Default occurs as per the terms of the Note
<br /> s��ured herehy, Lende�-may deGla�e a�l Indel�tedness secured by�his Deed of Trust to be due and payabie and
<br /> the same shall thereupon become due and payat�le with�ut any presentment, demand, protest ar notiGe of any
<br /> kind, Thereaft��, Lender may:
<br /> �a� Either in persvn �r by agent, with ar withou� br�nging any ac�tion ❑r praceeding, or by a re�ei�er
<br /> appain�ed by a cvu�t and withaut regard to�he adequacy ofi its securi�y, en#er up�n and take poss�ssion
<br /> of the Proper�y, or any part thereof, in its own name or in the name of Trustee, and do any ac�s whiGh ��
<br /> deems necessary or desirabie ta preser�e the�alue, marketabili�y❑r rentabili�y of the Prop�rty, or par�of
<br /> the Property or interes� in the Praperty; incr�ase �he inc�me fram the Property or pr�te�t the securi�y of
<br /> the P�vp�rty; and, with or without �ak�ng pvssession ❑fi the Property, sue for or otherwise colle�t the
<br /> rents, issues and pra�its af the Property, including those past due and unpaid, and appfy the same, less
<br /> �osts and exp�nses of vpera�tion and callect�on attorneys' ��es, to any inde�t�dness se�ured by this Deed
<br /> of Trust, a!! in such arder as Lender may de��rmin�. The entering upon and taking pvssession o� the
<br /> Praperty, the �ollectian ❑f such rents, �ssues and pr�fits, and �he appficatian thereo� sha!! nvt �ure or
<br /> wai�e any de�ault vr nQtic� of de�ault under this ❑eed of Trust vr in�alida�e any ac�done in response to
<br /> such default or pursuant to su�h notice o#defaul�; and, notwithstanding th�c�ntinuance in pvssession of
<br /> �he Prvperty or the collectian, receipt and application a� rents, issues ar profitsr TI'LlSteE' Qi' Lender sha11
<br /> be entitled ta exer�ise e�ery right pra�ided fior in the No�e or the Related ❑ocuments or by law upan the
<br /> accurrence flfi any e�ent a#default, including the right to�xercise the power of sale;
<br /> {b� Commence an actian to f�rec�ose this Deed of Trust as a mor�gage, appoin�a recei�er�r specifically
<br /> �nforGe any vf the cv�enants h�reo�; and
<br /> �c} De�i��r to Trust��a►rvritt�n de�laration of default and demand fvr saf� and a written noti�e of defaul�
<br /> and electivn to cause Trustor's interest in the Proper�y to be sold, which notiGe Trus�ee shall cause to be
<br /> duly filed fiar recard in the apprvpriate offices af�the Cvunty in which the Property is �ocated; and
<br /> �d} With respect to afl ar any part o�the Persvnal Property, Lender shall ha�e all the rights �nd remedies
<br /> v�F a secured par�y under the Ne�raska Uniform Commercial �ade.
<br /> Foreclosure by Pnwer of Sa1e. lf Lender elects ta fvr�clase by exercis�a�f�he Pawer of 5ale herein contained,
<br /> Lender shall notify Trustee and shal� deposi� with Trustee �his Deed af Trust and the Note and such re�eip�s
<br /> and e�iden�e of expendi�ures made and se�ured by#his D��d❑f Trust as Trustee may require.
<br /> �a} Upon receipt of such notice from Lend�r, Trus�e�shall cause to be recorded, published and delivered
<br /> to Trustor such Nvt��e a� Default and Notice of Sale as then required by law and by this Deed a�Trust.
<br /> Trustee shall, withaut demand on Trustvr, after such time as may �hen be re�uired by law and a�ter
<br /> . re��rdation vf su�h Notice of De�ault and at�er Notice of Sale ha�ing been gi�en as requir�� by law, sell
<br /> the Property a�k the time and p�ace ofi sale fixed hy �t in such Nati�e of Sale, either as a ►rvhale, �r in
<br /> separa�e lots❑r parcels ar items as Trustee shall de�m expedi�nt, and in such ard�r as it may de��rmine,
<br /> at pubiic auction ta the highest bidd�r far cash in lawful maney af the United States payah�e at th� time
<br /> of sa1e. Truste� shaii defi��r ta such pur�haser or purchasers there�f i�s govd and sufficien� deed or
<br /> deeds con�eying the property sv sald, �ut v+rith�ut any �o�enant or warranty, express ar imp��ed. The
<br /> recita[s in such deed of any matters ar facts sha�l b� �onciusi�e proaf of the t�uth�ulness th�reo�f. Any
<br /> person, incfuding without l�mitatian Trustor, Trustee, ar Lender, may purchase at such sal�.
<br /> �b� As may be permitted by law, after deducting all costs, fees and expenses af Trustee and of this
<br /> Trust, including costs af e�idence af title in conn�ction with safe, Trustee shafi apply the proc��ds o�sal�
<br /> ta payment o� �i} all sums�xpended under the t�rms of this Deed v�Trust vr under the terms of the Nate
<br /> not then repaid, including but not lim�ted to accrued interest and fate �hargss, �ii� all �ther sums then
<br /> s�cured hereby, and {iii} the remainder, if any, tv�he person ar persons legally entitled there#v.
<br /> �cy Trustee may in the manner provid�d by !aw postpane sa�e of afl or any portion of the P�aperfiy.
<br /> R�medies Not Exclusi�e. Trustee and Lender, and each of them, shall be en�itled �o en�force payment and
<br /> performance vf any indebtedness�r ahiigations secured by this aeed ofi Trust and�a exer�ise all rights and powers
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