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Z�15�5��5
<br /> DEED �F TRUST
<br /> ��or�tinu�d� Page 5
<br /> either naw or at the t+me made or furnishgd ar becornes fa#se or rnisleading at any time thereafter.
<br /> De�e�#i�e Gollateralization. This Deed of Trust ar any v� the Related Dacuments ceases tv be in full force and
<br /> �ffect 4including failure af any collaterel dv�ument ta cree�e a �alid and perfected security interest vr lienj at any
<br /> time and for any reasan.
<br /> Death or Insol�ency. The dissolution of Trustor's �r�gardiess af whether elgction ta continue is made). any
<br /> member withdraws fram the iimited liability cvmpany, vr any vther termination of Trustor's ex�stsnce as � gaing
<br /> �usiness ar the dsath of any member� the insvl�ency n# Trustor, the appaintment vf a recei�er for any part vf
<br /> Trustvr's property, any assignment far the be�efit af creditars� sny type of creditor warkout, ar the
<br /> commencement a�any proceeding undar any hankruptcy or insal�en�y laws by or against Trustvr.
<br /> Cred�tor ar F�r�faitura Pracesdings. Commencement of forecl¢su�e or forfeiture proceedings, wheth�r by judicial
<br /> prviceeding, self-help, repossession or any nther method. by�ny�reditor of Trustor vr hy any s��ernmen#a�agency
<br /> against any prop�rty securing the lndehtedness. This includes � gamishment of any of Trustor's �ccaunts,
<br /> including deposit accaunts, with Lender. Hawe�er, this E�ent vf Def�u�t shall not app�y if there is � yood faith
<br /> dispute by Trustor as to the validity�r reasonabieness af�he claim which is the basis af the creditor or�or�eiture
<br /> praceeding and if Trustor gi�es Lender written notice ❑f the creditor or �or-teiture proceedin� and deposits with
<br /> Lender monies or a surety bond for the creditar or forfeiturg proceeding.in an amaunt determined by Lend�r, in its
<br /> so�e discretion, as being an adequate resen►e ar bond for the dispute.
<br /> Breach of�ther Agraement. Any hreach!ay Trustor under the terms of any other agreement between Trus#ar and
<br /> Lender that is not remgdiad wi#h1n any grace perrad pro�ided therein, includ�ng withvut iimitation any agraement
<br /> con�erning any indebtedness or other vbligatian af Trustvr#o Lender, whether existing naw or 18ter. ,
<br /> E�ents Aifecting Guarantor. Any vf the pr�ceding e�ents occurs with respect ta any guarantor, endorser, surety,
<br /> or accammodat;an party of any af the fndebtedness or any guarantor� endorser, surety� or accommodation party
<br /> dies or heGornes incompetent, or re�vkss ar disputes the �alid+ty of, ar liability under, any Guara�nty a� the
<br /> Indebtedness.
<br /> Ad�erse Chenge. A matgr�aE ad►►erse �hange accurs in Trustnr's financia� �ondition, ar Lender belie�es the
<br /> praspect of payment vr perfvrmance vf the Ind�btedness is impaired.
<br /> Insecuri#y. Lender in gaad faith belie�es itself inse�ure.
<br /> Right to Cur�. If any default, ather than a defauit in payment, is cura��e and if Trustar has nvt be�n gi�gn a notice
<br /> vf a breach af the same prv�ision af this Deed of Trus#within the preceding twel�e (��f manths,it may be cured if
<br /> Trustor, after Lender sends writtsn notice to Trustor demandin8�ure of such default: �1} cures the defau�t within
<br /> twenty t�4y days; �r �2� if the cure requ�r�s mare than twenty �Z�� day�, immed'rately �nit�ates steps which �
<br /> Lender deems +n Lander's svle discrg#ivn to be sutfic�ent to cure thg default and there�fter cantinues and
<br /> c8mpletes efl reasonable and necessary steps sufficisnt ta prvduce camplian�e�s saon as reasoneh�y practical. �
<br /> RiGHTS AND REMEDIES �N DEFAULT. If an E�ent of Detauit❑ccurs under this Deed v#Trust, at�ny time thereafter.
<br /> Trustee vr Lender may exercise any ona or mvr�❑f the foliowing rights and remgdies:
<br /> Acceleration Upan Default;Additional Remedies. If�ny E�ent of Default vccurs as per the terms of the Note
<br /> secured hereby, Lender may declare a�t lndebtedness secured by this Deed of Trust to be due and payable and '
<br /> the same shalf thereupon hecvme due and p�yabl�without any presentment.demand,protsst ar no#ice o#eny
<br /> kind. The�eafter, Lender may:
<br /> {af Either in person or by agent, with or withaut bringing any actian �r proceeding, vr by a recei�er
<br /> appointed by a court and with�u�regard to the�dequecy of its security, enter upon and teke possession
<br /> af the Pr�perty,or any part thereof.in its own name or in the name af Trust�e, and do any acts which it
<br /> deems necessary or desirable ta presen�e the�alus, marketabi�ity or rentabiiity af the Property.or part of
<br /> �he Property or interest in the Prvpgrty; increase the Encvme firvm the Prvperty or prvtect the sscurity af
<br /> the Property; and. with ar with�ut taktng possessian of the Property. sue for ar otherwise callect the
<br /> � rents, issues and prafits af the PrvpBrty, �ncluding thvse pest due and unpsid, and a�aply the seme, less
<br /> casts and expenses af operetiQn and coliac#ion attarneys'f�ea,ta any indebtednsss secured hy this Dsed
<br /> vf Trust, a�� in such nrder as Lender may determine. The entering upon and taking possession vf the
<br /> Pr�perty, the colle�tivn of su�h rents, issues and profits� and the applic�tion thereof ah�Ef not cure vr
<br /> waive any detault or natice af defau�t under this �eed of Trust or in►►alidate any act done in responss to
<br /> su�h default vr pursuant to such notice of default; and, nvtwithstanding the continuence in pvssession of
<br /> the Praperty �r the ��Ile�tian, rece�pt and appli�atian a#rents. issues❑r prafits, Trustee or Lender shall
<br /> be entit�ed t�exercise e�ery right prv�Edsd for in the Note �r the F�elated ❑ocuments vr by!aw upon the
<br /> occurrence vf any e�ent flf default. including the right tv exerc�se the power o#sale;
<br /> �
<br /> �bf Commence an a�tian t❑foreclose this Deed o#Trust as a mortgage, �ppaint a re�e��ar vr speclfl��lly
<br /> �n�vr�e any o�the ca�enants hereof; and
<br /> (cf Deli�er to Trustee a written deciaratinn of default and demand far saEe and a wri#ten notice of detault �
<br /> and ele�tion tv�ause Trustor's interest in the Prvperty t❑ be said, which notice Trustee sha�l cause to be
<br /> duly filed for recard in#he apprapriate❑�#icss vf the County in whi�h the Praperty is Iocated;and
<br /> td� With r�spect to all or any part of the Persvnaf Prvperty. Lender shall havs all thg rights and remed+es
<br /> of a s�cured party under the Nebrask�Unitvrm Commerciaf Code.
<br /> Fo�ec�asure h PawBr vf 5a1e. ' �
<br /> Y lf Lender efects to tarecivse hy exercise of the Power of Sa�e her�in contained,
<br /> Lender shall notify Trustee and shall deposit with Trustee this Deed of Trust and the Note and such reCeipts
<br /> and e�idence of expenditures mad�and secured!ay this I]eed of Trust as Trustee rnay require.
<br /> �a] Upan receipt o�su�h natice fram Lender,Trustee shal!cause to be recorded, published and de�i�ered �
<br /> tv Trustor such Notice oi Defeult and Notice ❑f Sale as then required by 18w and by this Deed of Trust.
<br /> Trustee sha��. without demand vn Trustor, after such time as may then be required by [aw and efter
<br /> recvrdation af such Notice of Default and af#er Notice o#5afe ha�ing b�en gi�en as required by I�w� sell
<br /> the Property at the time and pla�e vf sale fixed by it in such Notice af S�le� eithe� as a whole, or in
<br /> separate lots or percels or items as Trustee shall deerr�expedient�and in such order as it may determine�
<br /> at public auction to the highest bidder for cash in lawful money vf the United States payable at the time
<br /> , of sale. Trustee sha�� deri�er #o such purchaser or purchasars thereo� �ts goQd and sufficient deed or
<br /> deeds con�eyin� the proparty s❑ sold, but without any co�enant or warranty, express or implied, The
<br /> rs�itals in such d�ed af any matters ar facts shall be conclusi�e proof of the truth�ulnes�thereof. Any
<br /> person,inciudins wtthaut lirnit�tian Trustar,Trustee,or Lender, may purchase at such sele.
<br /> �b} As may be permitted by law, e#te� deducting all costs� fees end expgnses of Trustee and of this �
<br /> Trust,including casts af e�Idence of titEe'rn�nnnsction with sale,Trustea shafl apply the pr�ceads af sale �
<br /> ta payrnent of �if all sums expended under the terms of this Deed of Trust�r under the terms of the Note
<br /> nat then repaid, includins but not limited ta accrued interest and late charges� tii] s�# other sums then
<br /> secured hereby,and {iii}the remainder� if any,ta the persan or persvns lega[fy ent�tled theretv.
<br /> �c) Trustee may in the manner pro�idgd by law pas#pone saie o��II❑r any portion vf the Prvpa�ty.
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