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Z�15��957
<br /> �EE❑ oF -rRusT
<br /> {C�ntinued} Pa�e 5
<br /> Deed of Trust,the Na�e or in any af the Related Documents.
<br /> Default on�ther Payments. Fai�ure of Trustvr within the time required hy this Deed of Trus#t❑ make any payment
<br /> far�ax�s ar insuran�e,or any oth�r paymen�ne�essary to pre�ent filiny of�r to e�fe�t discharge o�f any lien.
<br /> ❑efault in Fa�or vf Third Parties. Shauid 6arrawer or any Grantor de�auft under any loan, extensian of �redit,
<br /> security agreemen�, pur�hase ar saCes agreement, ar any ather agreemen�, in�a�or of any other creditar�r person
<br /> that may rnaterially affect any of gorro►nr�r`5 ❑r any Gran�ar`s property ❑r garrower's ability to repay the
<br /> Indebtedness ❑r Svrrower's or �ran�or's ability to perf�rm their respec�i�e obliga�ians under this Deed ❑f Trus�ar
<br /> any of the Related Dv�uments.
<br /> False 5tatements. Any warranty, representatian or staternent mad�ar furnished tQ Lender by Borrvv►r�r vr Trus�vr
<br /> or on Borrower's or Trustar"s beha�� under this Deed of Trust vr the Refated Dacuments is false vr misleading in
<br /> any rna#erial respe�t� eith�r naw or at the tim� made ar furnished or be�omes fa�s�;ar misieading at any t�rne
<br /> thereafter.
<br /> Defec�i�� �alla�eralization, This ❑eed �f Trust or any o� �he Related Documents ceases to be in �ull fvrce and
<br /> effect �inc�uding �ailur� o'f any �ollat�raf d�cument to create a �alid and perfected security interest or [ieny at any
<br /> �time and�or any reason.
<br /> Death ar Insvl�ency. The death of Barrower or Trustor, the insolvency of gvrrower ar Trustor, the appa�ntmen�t o�
<br /> a recei�er for any par�of Bvrrower"s ar Trustar's property, any assignment far th� benefit af creditors, any type af
<br /> �redi�or wvrl��ut, or the camrnencement o#any proceeding under any bankrupt�y �r insolvency larrvs �y or against
<br /> Borrower vr Trustar.
<br /> Craditor ar Far�eiture Prvice�dings. Commencem�nt a� foreGlasur� vr �arfe��ure prviceedin�s, whether by judi�ial
<br /> pr�ceeding, sel#-help� reposs�ssi�n or any other methad, by any creditor �� gorr�wer or Trustor ar by any
<br /> gaWernmentai agency agains�C any prop�rty securing the Ind�htedness. This incfudes a garnishmen� vf any of
<br /> Bvrrawer's vr Trus�tar's ac�vunts, incfuding deposi� accounts, vvith Lender. Hawe��r, this E�ent �f De�ault shall
<br /> nat app�y if there is a gvvd faith dispute �y Borrower or Trustar as to the �aiidity or reas�nableness o�F the claim
<br /> which is the bas�s�f�he creditor or forfeiture proceeding and if Bvrrawer❑�Trustvr gi�es Lender written notice of
<br /> the creditor or f�rfeiture pro�eeding and deposits with Lender monies or a surety#�vnd#ar the�redi�or or for��iture
<br /> proceeding, in an amount det�rmined by Lender, in its saie diseretivn, as being an adequate reserve ar�and for the
<br /> dispute.
<br /> Br�ach of�thgr Agreem�nt. Any breach by Borrower or Trus�or under�he terms vf any�ther agreement between
<br /> �orrower r�r Trustar and Lender �ha� is nat remedi�d within any grace p�riod pro�ided therein, inciuding without
<br /> 1'rmitation any agreement concerning any indebt�dness or oth�r �bligati¢n ❑� Borrv►rver or Trustor to L�nd�r,
<br /> whether existing naw or later.
<br /> E►►ents Affec#�ng Guaran#vr, Any af the preceding events accurs with respect to any guarant�r, endorser, surety,
<br /> or accornmvdatian par�y vf any of�he Indebtedness ar any guarantor, endorser, surety, �r a�Gommodation party
<br /> di�s or becom�s incompetent. ar revokes vr disputes the �afidity �f, or I�abifity under, any Guaranty of the
<br /> lndebtedness.
<br /> Ad►►erse Changg. A material ad�e�-s� change v�curs in Borr�wer's or Trustar`s finan�ial condition, or Lender
<br /> beiie�es the prosp��t vf payrnen�t or perfvrmanc�o�the lndebtedness is impaired.
<br /> �ns�curity. Lender in goad�aith believes its�lf insecur�.
<br /> Righ�tv Cur�. lf any defau�t, other than a defaul�in payment, is curable and if Trustar has not been giWen a notice
<br /> v�a hr�a�h vf the same prouision afi this Deed of Trust within the pre��ding twel�e =�2y manths, it may be�ured if
<br /> Trustor, after L�nder sends writtsn no�ice to Barrower demanding cure vf such defauft: �1 f cures the default
<br /> within twenty��Df days; ar (Z} i�the cure requires rnvre than twenty �20y days, imm�diateiy initiates steps which
<br /> Lender deems in L�nder's sole dis�retian to be sufficient ta cur� the de#auit and thereafter Gontinues and
<br /> �ompletes all reasonahie and necessary steps sufficient t❑produ�e compliance as sovn as reasonab�y prac�ical.
<br /> RIGHTS AND REMEDIES aN ❑EFAULT. if an E�ent of D�fiaui�C �ccurs under this D�ed of Trust, at any time thereafter,
<br /> Trustee or Lender may exerc�se any one vr more of the fvffov►�ing rights and remedies.
<br /> Ac�eleratian Upon De#ault; ►4dditiana�Remediss. ff any E�ent of Default accurs as p�r�h�terms❑f the N�te
<br /> se�ured hereby, Lender may declare al[Indebtedness secured by this ❑eed❑f Trust ta be due and payable and
<br /> the same shaii the�eupon become due and payable withaut any presen�ment, demand, p�-atest or nvtic�af any
<br /> k�nd. Ther�aft�r, Lender may:
<br /> �a7 Either in p�rson ar �y agent, ►n►i�h ar withaut bringing any ac�ion vr proceeding, or by a receiver
<br /> appointed by a�aurt and wi�hout regard t�the adequacy of its securi�y, enter upan and take possessivn
<br /> af the Property, or any part thereo#, in its own nam�or in the name of Trustee, and do any ac�s which it
<br /> deerns necessary ar desirable ta preser�e the Ualue, marketabifi�y vr rentability vf the Property, or par�❑f
<br /> �h� Property or interest in the Property; increase the income from the Praperty ar protect the securi�y af
<br /> fihe Property; and, with ar without taking p�ssession of the Praperty, sue #or or otherviris� �vllsct the
<br /> rents, issues and prv�its v�the Property, including thase past due and unpaid,;and apply the same. ��55
<br /> �os�s and expenses vf vperation and collectivn attarneys' fi��s, �o any inde�tedness secured by this Deed
<br /> af Trus�, all in such order as Lender may determine. The entering upvn and �aking possession of the
<br /> Property, the cvll�cti�n af such rents, issues and prv�fits, and the applicat��n thereof shall n�t cure ❑r
<br /> waive any default vr natice vfi default under this Deed o#Trust or in�alidate any a�t done in response ta
<br /> such default or pursuant to su�h natice of default; and, natwithstanding the Gontinuance in pass�ssian o�
<br /> the Prop�rty vr the co!lection, receipt and applica�ion of rents, issues or pro�i�s, Trustee or Lender shall
<br /> be entitfed t� exer�ise e�ery right praWided far in the N�te ar the Reiated Da�uments nr hy !aw upvn the
<br /> ac�urrence of any event o#de#ault, including th�right to exercise the pvwer of;sale;
<br /> [�� �omm�nce an activn ta fore�iose this Deed of Trust as a mvrtgage, appoint a receE�er or specifically
<br /> enfar��any o#�he co�enan�s hereof; and
<br /> �cf ❑eli�er ta Trus�ee a written de�iarat��n of de�au�t and demand fior sale and a wri�ten natice of default
<br /> and election to caus�Trustor's interest in the Proper�Cy to be sold, which n�tice Trustee shall cause t4 be
<br /> duly filed for record in the appropriate offices of�the County in which the Praperty is located; and
<br /> [df With respect tv all or any part❑f the Persona! Prap�rty, L�nder shall ha�e all the rights and remedies
<br /> ofi a secured par�y under�he Nebraska Uni�arrn Commer�ial Code,
<br /> Fvreclvsur�hy Power of Sale. If Lender�lects�ko foreclose by exer�ise af the Power o�5ale herein cvntained,
<br /> Lender shall natify Trustee and shaff deposit with Trustee this De�d of Trust and th� 1Vot� and su�h receipts
<br /> and e�idence af expenditur�s mad�and se�ured by�his Deed af Trust as Trustee may require.
<br /> {a� Upan receip�of such not�c�fram Lender, Trustee shall cause fiv be re��rded, puhlished and deli�ered
<br /> �v Trustar such Notice of Defauft and Nvtice af Sal� as then required by !aw and by this Deed of Trust.
<br /> Trustee shall, wifihaut demand on Trusfior, efter such time as may �hen be required by law and aft�r
<br /> recardativn af such Nvtice of Defauit and after Notic� of Sale having been gi�en as required hy law, sell
<br /> the Proper�y at fihe time and pla�e of sale fixed by it in such Notic� ❑f Sale, either as a wh�le, ar En
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