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Z�15��956 <br /> DEED �F TRUST <br /> �Continued� Page 5 <br /> condition ��ntained in this Deed of Trust or in any of the Related aflcuments or t� comply with ar to perform any <br /> term, obligation, co�enant ar conditivn contained in any❑�her agreernent�etween Lender and Borrower or Trustor. <br /> Compliance ❑efault. F�ilure ta comply with any �ther term, obligatian� co�enant �r conditian cvntained in th�s <br /> Deed of Trust,th�Na�e or in any 4�the Related Do�uments. <br /> Default on�ther Payments. Failur�a�Trustor►n►ithin the time r�quired by this❑eed of Trus�to make any payment <br /> for taxes or insuran��, ar any vfiher payment necessary ta pre�ent fil�ng vf or to e#�ect dischar�e o�any lien. <br /> Defauit �n Fa��r a# Third Parties, Shou[d Borrvwer �r any �ran�vr default under any Ioanr extensian af credit� <br /> security agreement, purchase vr sa[es agreement, or any❑ther agreement, in fa�or vf any other creditvr or pers�n <br /> #ha� may materiaily af�ec# any of Barrov+rer's vr any Grantor's proper#y ar Barrotin►er's ab�f�ty t� repay th� <br /> Indebtedness or Barrawer`s or Grantor's ability tv perf�rm their respect�ve ❑bligativns under�his Deed o�Trust or <br /> any of the Re�ated Documents. <br /> False S�atemen�s. Any►lvarranty, representation❑r statement made or�urnished to Lender by Borrawer or Trustar <br /> vr Qn gorrv►nrer`s �r Trus�vr's behalf und�r this Deed o�Trust or the Related Docurnents is false ar misleadin� �n <br /> any material respect, either naw �r at the #ime made or furnish�d o�- becomes �alse ar rn�steading at any time <br /> thereafter. <br /> Def��ti�e C�Ilatera�ization. Th�s �eed af Trust ar any o� the Related Documents ceases to be in fuli force and <br /> effe�t ��ncluding faiiure o�any ca!lateral dacument to �reate a �alid and perfected security interest or li�ny at any <br /> time and �or any reason. <br /> Death ar�nsol�ency. The death o�Bvrrower or Trustor, the �nsol�ency o�Barrawer or Trustvr, the appaintment vf <br /> a re�ei�er for any part af B�rrower"s�r Trustor's property, any assignment for the b�ne�i#o�creditars, any typ�afi <br /> creditar wvrk�ut, or the cflmmencement of any prv�eeding under any bankrup�tcy❑r insQlv�ncy laws by or against <br /> BorrQwer or Trustor. <br /> Creditar or Forfeitur� Proceed`rngs. Commencement of fvreclvsure vr forfeiture pra�e�dings, whether hy judic�a� <br /> praceeding, s��f-heip, repvssess��n or any other m��had, by any creditvr vf Borrowe� or Trustar or by any <br /> go�ernmen�a9 agen�y against any property se�uring the Indeb#edness. This includes a garnishment vf any of <br /> Borrov►rer's ar Trustor's acc�unts, �ncluding deposit accounts, with Lender. Haw��er. this E�►ent af Defaul�t shall <br /> nv# apply if there is a gavd �ai�h dispu�te by Borrower or Trus�vr as to the val�dity or reasvna�leness of the claim <br /> which is�he basis a�F the creditor❑r��rfeiture proceeding and if Borrawer or Trus�v�gives Lender written notice�f <br /> the �redit�r or farfeiture prviceeding and deposits with L�nder mvnies ar a surety band for the creditar or forfeiture <br /> proceeding, in an amvunt determined by Lender, in i�s sole discretion, as �eing an adequa�te reser�e ar hand fior the <br /> dispute. <br /> Breach af Dther Agreement. Any hreach by 6orrnwer or Trustor under the terms vf any vther agreemen�be�v+reen <br /> Borro�nrer or Trustor and Lender tha� is nvt remedied ►rvithin any gra�� per�ad pra�ided therein, �n�luding vvithout <br /> limitation any agreement concerning any indebtedness ❑r other o�ligatian af B�rrvw�r or Trustor ta Lender, <br /> v►�hether existing naw or later. . <br /> Events Affec�ing Guarantor. Any af th� pre�eding e�ents o��urs with respect to any guarantor, endorser, surety, <br /> ar ac�ommodatian pa�ty of any of the �ndebfiedness or any guarantor, endarser, surety, ❑r accommodation party <br /> dies ❑r be�omes in��mpeten�, ar re�vkes ❑r disputes �h� �afidity of, or liabifity under, any Guaranty af the <br /> (nd�btedness. <br /> Adverse Change. ►4 material ad�ers� change ❑GCLl�S in Barrvwer's or Trustor's financial �andition, or Lender <br /> belie��s the praspect af payment❑r performanc�of the indebtedness is impaired. <br /> lnsecurity, Lender in good fiaith be�ie�es itself insecur�. <br /> Right�o Cure. Ifi any�efaul#,ather than a default in paym�nt, is �urabie and if T�rustvr has nat been gi�en a noti�e <br /> �f a hreach vf�h�same provision of#his ❑eed of Trus�within th�pr��eding fiwel�e���� months, �t may be cured if <br /> Trus�vr, afte� Lender sends wr�tten noti�e to Bvr�ower demanding cure vf such defaul�t: {1} cures the default <br /> within twen�y��flf days; o� ��y i�the cure�-equires mvre�han twenty ���y days, immediately initiates steps which <br /> Lender deerns in Lend�r's svle discre�ion to be sufficient ta cure the defauft and therea�t�r continues and <br /> compietes a[C reasonable and necessary steps sufficient fio produce complianc�as soon as reasvnably pra��ical. <br /> R�GHTS AND REME�lES �N ❑EFAULT. If an Ev�nt af Default o�curs under this Deed of Trust, at any time thereaf#er, <br /> Trustee or Lender may exercise any one vr more ofi the fallvwing rights and rernedies. <br /> A�ce�era�on Upon Q�fault;Addi�ivna! Remedies. lf any E�ent of❑e�ault accurs as per the terms ��the NQ�e <br /> secured h�reby, Lender may dec�are a�f lndebtedness secured by�h�s Deed o#Trust to be due and payable and <br /> the sam�shall thereupon be��me due and payable withaut any presen�ment,demand, pratest❑r noti�e vf any <br /> kind. Thereaf�er, Lender may: <br /> �aj Ei�her in persan or by agent, with or uvithout bringing any action or proceeding, or by a recei�er <br /> appvinted by a court and without regard to the adequacy af iis security, enter upan and take possessiQn <br /> a�the Property, or any part thereaf, in i�s own name ar in the name of Truste�, and d�any acts which it <br /> deems necessary o�desirab�e to preserve the�alue, marke�abifity or ren�ab"rlity of the PrQperty, vr part Qf <br /> fihe Property or interes�in the Proper�y; in�reas�the in�ome from the Prope�ty❑r pratect the se�urity�f <br /> the Property; and, wifih or without taking possessi�n o� the Property, sue f�r �r ❑therwise �ollect the <br /> ren�s, issu�s and profits ofi the Property, inc�uding those past d ue and unpaid, and apply the same� less <br /> �os�s and expenses of ap�ration and cvlle�tion attarneys' fees,to any indebtedness secured by this Deed <br /> ❑f Trust, all in such ❑rder as Lender may determ�ne. The entering upon and taking possessian of the <br /> Property, the cvlle�tion of such r�nts. issu�s and prafits, and the applicat��n thereof shall not cure or <br /> wa�ve any default or n�tice of de�au�t under�his ❑eed o�T�ust or in�al�dat� any act dvne in respans�tv <br /> such defau[�vr pursuant tv such nvtice af default; and, notwi�hstanding the�Qntinuance in passession o� <br /> the Prapsrty ar�he coll�ction, receipt and applicafii�n af rents, issues ar profi�s. Trustee ❑r Lender shall <br /> be entitied to exercise e��ry right p�o�ided for in the Nate ar the Related Documen�s or by law up�n�he <br /> oGcurren�e o�any e�ent of default, including the right to exercis�the pawer af sale; <br /> =bj Commence an action t❑�vreclose this D�ed v�Trus�as a mvrtgage. appoint a recei�er❑r spe�i#ically <br /> en#vrce any�f the Gv�enants hereof; and <br /> {c} Del�v�r ta Trustee a written declarati�n vf default and demand for sale and a wri�ten nvtice of default <br /> and ele�tion t❑cause Trustvr's interest in the Praperty ta he so�d, which notice Trus�ee shall cause t�he <br /> duly filed#ar record in�the apprvpriat�affices o�the�oun#y in which the Praper�y is IvGated; and <br /> {�} 11Vith respect to al] vr any part af the Persanal Property, Lend�r shall ha�� alf th� righis and remedies <br /> of a se�ured party under the Nebraska Llniform �ammercial Cod�. <br /> For�clasure hy Pvwer of Sale. !fr Lender elect5 t��or�close by exercise of the Pow�r ofi Sale herein con#ained, <br /> Lender shall nat�fy Truste� and sha11 deposit with Trustee this Deed af Trus�and �he Note and such r��eipts <br /> and evidence af�xpenditures made and secured by this Deed a�Trust as Trustee may require. <br /> {ay EJpan receipt of such nvtice�rom Lender, Trustee sha!!cause to he recvrded, published and deli�ered <br /> to Trust�r such Nati�e of���auft and Natice of Sal� as�hen requ�red by 1aw and by this Deed ❑f Trust. <br /> � �� <br /> � <br />