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��15�41�5
<br /> DEED �F TRLJST .
<br /> {Contir�ued� Page 5
<br /> Dgfecti�e Callaterali�a�ivn. Th�s fleed o� Trust �r any of the Related Documents �eases to be 'rn �uli fvrce and
<br /> ef�Fect �including fiailure a� any collateral document �o create a �alid and per�ec�ed security int�rest or lien} at any
<br /> time and for any reasvn.
<br /> Death vr InsQ��ency. The dissolution o� Trustor's �regardless of whether election tv �ontinue is madef, any
<br /> member withdraws from the fimited liability �ompany, or any ather termination af Trustor's existence as a going
<br /> business vr the death o� any member, the ins�l�ency vf Trustor, the appo�ntment ofi a recei�er �or any pa�-t of
<br /> T�us�flr's property, any assignment for the h�nefit o# creditors, any type of creditnr workout, ❑� the
<br /> cammencement o�any proc��ding under any bankrupficy or�nsol�ency faws by or against Trustvr.
<br /> Greditar or Forf�iture Proc�edings. Cvmmenc�men� of fareclosure or �vr�eiture proceedings, whether by judicial
<br /> proce�ding, s�if-help, r�p�ssession or any vther method, by any creditor a�F Trus�or or by any governmental ag�ncy
<br /> against any prop�rfiy securing the Indebtedness. This includes a garnishmen� ❑f any of Trustor's accounts,
<br /> . including d�posit accaunts. with Lender, Howe�er, this E�ent of []efault shall no� app�y i� there �s a goad faith
<br /> dispute by Trus�or as ta the �alidity �r reasonableness of�he claim ►►vhi�h is the basis o�the creditor or f�rfeiture
<br /> prviceeding and i� Trust�r gi�es Lend�r written notice �f the cr�ditor or forfeiture praceeding and deposits with
<br /> Lend�r monies�r a surety bond f�r the��editor ar for��iture proce�ding, in an amvunt det�rmined hy Lender, in its
<br /> sole discretion, as being an adequa�e reser�e ar band far�he dispu#e.
<br /> Brea�h vf D�her Agreement. Any breach by Trustvr under the'terms of any vther agreement �etween Trustor and
<br /> Lender that is no� r�medi�d within any grace period pro�ided ther�in. in�luding withaut iimitation any agreemen�
<br /> concerning any indebtedn�ss or vther�bligativn vf Trustor to Lender, whether existing now or later.
<br /> E�ents AfFecting Guarantor. Any of the preceding events �ccurs with r�sp�ct t❑ any guarantar. endorser, sure�y.
<br /> or accommodativn pa�-ty ❑f any o� the �ndebt�dness or any guarant�r, �ndvrser, surety, or a��vmmodat�vn party
<br /> dies or becomes incompetent� or re�okes or disputes �he �alidi#y of. vr liability under� any Guaranty af �he
<br /> indeb�edness.
<br /> Ad►►erse Change. A mate�ial adve�se change occurs in Trustvr's finan�ial c�nditivn. or Lend�r be�ie�es the
<br /> � prvsp�ct of payment c�r perfvrmanc�vf the Indebtedness is impaired.
<br /> Inse�urity. Lender in good faith helie�es i�s�lf insecure.
<br /> Right tv �ure. !f any default, ather�han a default in payment is curable and if Trustor has not been gi�en a notice
<br /> o#a breach o�the same pro�isian of this Deed af Trust wi�hin the preced�ng trrvel�e �1�y mon�hs, it may be cured if
<br /> Trustor. after Lender sends written notice to Trustvr demanding �ure�#su�h de#au1�: �1 y cures�he default within
<br /> twenty {2�} days; vr {�� if the cure requires mare than twen�y t�fl} days, immediately initiates steps which
<br /> Lend�r d�ems in Lender's so[e dis�reti�n to be suf�icient �o cure the default and the�ea#ter continues and
<br /> compl�tes all r�asonab�e and necessary s#eps sufticient to praduce compliance as svon as reasona�ly prac�ical.
<br /> R�GHTS AND REMEDIES �N DEFAULT. If an E�ent o� Defiault oc�u�s under this Deed �f Trust, a�any time�herea�ter,
<br /> Trus�ee or Lender may exercise any ane❑r mor�of the�rollowing �ights and remedies:
<br /> Accelgration Upon De�au�t:Addit�onal Remedi�s. If any E�ent of ❑efault��curs as per the��rms v�the No�e
<br /> secured hereby, Lender may declar�all lndebtedness se�ured by this De�d of Trust�o he du�and payab�e and
<br /> �he same shall th�reupan become due and payable wi�hout any presentment. demand, pro��st o�nofice of any
<br /> kind. Thereafter, Lender may:
<br /> �af Either in person or hy ag�nt, with or w�thvut bringing any act�on or pra�eeding, vr by a recei�er
<br /> appvinted �y a court and wi�thQu� regard to the adequa�y�f its security. enter upon and take possession
<br /> af the Property, or any part thereof, in ��s own name vr in the name vf Trustee, and do any acts which it
<br /> deems ne�essary or desira�le tv preser�e the�alue, marke�ahif�ty ar ren�abi�ity of the Property, ar part of
<br /> the Property or interest in the Proper�y; increase the income from the Praperty ❑r pro�e�t the security of
<br /> �#he Praperty; and. with or uvithout �aking possession of �he Property, sue �or ar otherwise collect �he
<br /> rents, issues and profits of the Property, including those pas� due and unpaid, and apply the same, less
<br /> costs and�xpenses af aperation and collection at�orneys` fees,�v any indebtedness se�ured by this Deed
<br /> a# Trust. a!I in such �rder as Lender may determine. The ente�ing upan and taking possession of the
<br /> Pr�perty. the c�llec�ian of such �en�s, issues and pro�Fi�s, and the applicativn ther�of sha11 nat cure �r
<br /> wai�e any d�faul� ar notice a�de�ault under this Deed o�Trust ar in�aiidate any act done in response �o
<br /> such d�fault vr pursuant to such notice of default; and, nv#withstanding the cantinuance in possession of
<br /> the Prvperty or the collection, receipt and applica�ion �� rents, issues or pr�fits. Trustee or Lender shafl
<br /> h� en�i�led 't❑ ex�rcise e�ery right pro�ided fior in the Note or the Related ❑acuments vr hy law upvn the
<br /> o�cur�-ence o�any e��nt of default, including the right to exerc�se�he pvwer�f saEe;
<br /> {b� Commence an action to foreclvse this ❑eed vf Trust as a m�r#gage. appaint a re�ei�er ar spe�ifically
<br /> enfarce any of the c��enants here�f; and
<br /> �c� Deli�er�o Truste�a writ�en declaratian af defauit and demand fivr sale and a written natice o�de�au��
<br /> and election to cause Trustor's interest in the Proper�y t❑�e sold, which natice Truste� shaf� cause ta be
<br /> duly filed for recard in�he appropriate vffi�es o�the �ounty in whiGh the Proper�y is locat�d; and
<br /> {d� With respec��o all ❑r any part of the Personal Property. Lender shall ha�e al!the righ�s and rem�dies
<br /> of a secured par�y under the Nebraska Unifarm C�mmer�ial Code.
<br /> Forec�asure by Pow�r af Sal�. lf Lender elects to�oreclvse hy sxer�ise o�the Pow�r ot 5a1� herein c�ntained,
<br /> Lender shall nati�y Trustee and shall deposi# wi�h Truste� this Deed a#Trust and the Nate and such re�eipts
<br /> and e�idence❑f expenditures made and secured by this ❑eed❑f Trust as Trus��e may require.
<br /> �ay Upon receipt af such notice from Lender. Trus�ee shai! �ause�o be recflrded. pubiished and deliWered
<br /> tv Trus#or such Noti�e of Default and Nvti�e af Sale as th�n required by �aw and by �his De�d of Trust.
<br /> Truste� shall, without demand on Trustor, after such time as may then be required by kaw and a�fter
<br /> recardation o�such Nv�ice of Default and a�ter Nvtice of Sale ha�ing been gi�en as requi�-sd by law. sell
<br /> �he Praperty at the time and plac� af sale fixed by i� in such Natice of Sale, either as a whole, ❑r �n
<br /> s�parate lots or par�els or items as Trustee shall deem �xpedien�, and in such vrder as it may determine,
<br /> at pu�lic au��tion �a the highest bidder for cash in la►rvful maney ❑f�he United States payable at the time
<br /> a# sale. Trustee shall deli�er t� such purchaser vr pur�hasers �herev� i�s good and sufficient deed ar
<br /> deeds cvn�eying th� pr�p�rty sa sold� but wi�hout any covenant flr warranty, express or impli�d. The
<br /> recitals in such deed af any ma�ters �r facts shall be canclusive pro�f o�the truthfulness thereof. Any
<br /> persnn, including ►►vithaut limitation Trustor,Trust�e, or Lender. may purchas�at such sa[�.
<br /> �b� As may be p�rmitted by lav+r, after deducting all cos�s. �Fees and expenses of Trustee and of this
<br /> Trus�, inc�uding costs vf e�idence o#title in connec�ion with saie, Truste�shall apply�he proceeds af sale
<br /> to payment o� ti� a11 sums expended under fihe terms o�this Deed vf Trust or under the�erms of the Note
<br /> not then repaid, including but not limited �a ac�rued interest and [ate charges. �iiy all ather sums then
<br /> secured hereby, and tiii} the remainder. if any, to�the persvn or p�rsons legally�ntitled ther��o.
<br /> �c} Trus�ee may in fihe manner pra�ided by law postpone saie��a1�or any portian af the Proper#y.
<br /> Rem�dies Not Ex��usi►►e. Trustee and Lend�r. and each vf �h�m, shall be en�i�led to en��rce payment and
<br /> performance of any indebtedness ar❑�ligations secured by this Deed of Trust and ta exercise all rights and powers
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