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Z�15�535� I3EED D�` TRUST ��i��iC�u�d� Page 5 Payment Default. Bvrrower fails ta make any paymen�when due under the Indebtedness. �ther Defaults. Borrawer or Trustor fails to comp�y wi�h or to perForm any other term, ob�iga��on, ��Wenant or Ganditivn contained in this Deed of Trust or in any vf the Relate� D��uments ar fa comp�y wifh o�ta perfvrm any term,❑bligatian,ca�enan�or c�nditian con�ained in any❑�her agreem�n�between Lender and Borrower or Trustor_ Cvmp[ian�e Defau�t. Fa��ure to c�mply wi�h any ❑ther term, �bligation, covenant vr �anditian �ontained in this Deed of Trust,the iVate ar in any of the Rela�ed Documents. Defaul�vn�ther Payments. Failure of Trustor within the time required by this De�d of Trust�o make any paymen# for taxes❑r insurance,or any ather payment necessary ta pre��nt�iling of or to ef�ect dis�harge af any lien. ❑efau{t in Favvr vf Third Parties. Shou�d Bo�rovirer vr any Grantar de�ault under any laan, extension ❑f cred it, se�urity agreement, purchase or sales ag�-eernent, or any ather agreement, in�a�or❑f any o�her creditar❑r pers�n that may materia�ly affect any vf Bvrrvwer's ❑r any Grantor's prvper�y or Barrawer's ability t� repay the Indebtedness ar Barrower's or Grantor's ability ta per�orm their respecti�e obligativns under this ❑eed of Trust o� any❑f the Related Dacuments. False Staternents. Any warran�y, �epresenta�ion vr s�atement made or furnished ta Lender by gorrower or T�-ustor or on B�rrQwer's vr Trust�r`s b�half under this Deed of Trust or#he Rela�ed Documents is faise or misleading in any ma�e�-iaf respect, either nvw vr a� �he time made ar furn�shed ❑r becomes fa�se or mis��ading at any time �hereafi�er_ Defecti�e Cvllate�alization. This Deed ❑f Trust or any ❑f the Refated ❑o�uments ceases to be in full �vrce and ef�ec� �in�luding failure af any col�at�ral document to creat�a�alid and pe�ected securE�y interest ar[ien}at any �ims and far any reasan. ❑eath or lnsvl��ncy. The dissolutian af Trustor's tregard�ess af whe�her �lection t❑ continue is made), any mernber withdraws from the limited iiabi�ity company,or any other��rrnination of Barrower's o�Trustor's existence as a gving business �r the dea�h ❑f any mernber, the insol�ency of Barrower or Trustvr, the appointment of a recei�er for any part af gorrower's or Trus�or's prap�rty, any assi�nmenf for th� benefit of�reditors, any type of c�edit�r workaut, nr the cornmencement vf any procesding under any bankrupt�y or ir�sal�ency laws by v�againsf garrawer or Trustor. �reditar vr Forfei�ur� Pro�e�dings, Comrnen�ernent of fore�lasure ar forFeiture pro�eed�ngs, whether by�udi�ia� proceeding, self--help, repossession or any other methad, by any creditar vf Bvrrvwer or Trustar ar by any gavernmental agency against any prope�y securing th� �ndebtedness. This includes a �arnishment af any af B�rrawer's or Trus�or's accounfs, including dep�sit acGounts, with Lender. Hawe�er, th�s Event af Defaui� shall nofi apply if there is a goad fa�fh dispute by Borrawer�r Trustar as�❑ the �alidity ❑�reasanahleness of the claim which is the bas�s of the cre�itor❑r forfeitu re proceeding and if Barrower ar Trustvr gi�es Lender written noti�e af the Greditor❑r forFei�ure pro�eeding and d�pasi�s wifh Lender monies or a surety band fvr the Greditor ar forfei�ure prviceed�ng,in an arnount de�ermin�d by Lender,in its sale discr�tian,as being an adequat�res�rve or bvnd for the dispu�e. Breach�f�finer Agr�ement. Any breach by B�rrovuer or Trustar unde�the terms afi any other agreement�etween Borrower or Trus�ar and Lender that is not r�rnedied within any grace periad pravided �herein, in�luding �rv�thout limi'�at�on any agreement cancerning any indebtedness or other obligation of Barrovver or Trus�ar t❑ Lender, whether exis�ing now or la�er. E�ents Affecting Guarantor. Any❑�the preceding e�ents❑ccurs with respect t❑ any gua�antor, endarser, surety, ❑r accamrnadafian party of any vf the Indebtedness or any guarantor, endorser, surety, ar accommodati�n party dies vr be�omes �ncampetent, ar revakes or disputes the �alidit� af, or liabiliiy under, any Guaranty vf the 1 ndeb�edness. Ad�erse Change. A material ad�erse change occurs in B�rrawer's or Trustor's financial �ondition, ❑r Lender �eiieves the prQspect of payment ar perFarmanGe af the Indebtedness is impaired. �nsecuri�y. Lender in good faith belie�es itsel�inse�u�e. Existing ln�iebtedness. Th� payment a�any ins�allmenf of principal or any inte�est on the Existing Indebfedness is na�rnade within the time r�quired by the promissory nat�e�idencing such indebtedness, ❑r a default occurs und�r the instrument securing such indebtedness and is not cured during any applicable grace period in suGh instrument, vr any suit or vther actian is commenced to forec�os�any existing lien on the Property. R[GHTS AN❑ REMEDlES ON DEFAULT, lf an E�ent of Default occurs under�his De�d of Trust, at any time thereaf�er, Trustee or Lender may exercise any vne❑r rnare of the fol iowi ng rights and remedies: AcGeleration Upvn Default; Addifional Remedies. If any Ev�rrt o�De�auit occur�as per the terrns af the Note secured hereby,Lende�'may deGlare ali indebtedness secured by�his Deed o�Trust�o be due and payable and the same shall thereupon become due and payable withau�any presentrnent,demand,pratest❑r no�ice of any kind. Thereafker,Lender may: (a} Either in p�rson vr i�y agent, with or without bringing any act�on ar pr�ceeding, or by a recei�er appoin�ed by a cour�and withouf regard to the adequacy of its security, enter upon and take possession a�the Property,or any part�hereof, in its av►rn name or in th�name af Trustee, and do any ac�s whiGh i� deems neoessary or desirable�o presen�e the ualue, marketabi�ity or rentabil��y of�he Proper�y,or part of th�Praperty or in'�erest in�he Prap�riy; �ncrease�he income�rom the Proper-ty ar pro�e�t the securi�.}r of the Property; and, with ar withvut�aki ng pnssession of the Property, sue for ar otherwise col lect the rent5, issu�s and profits of the Property, induding�hase past due and unpaid, and app�y�he same, 1P�S cos�s and expenses of operatian and callection at�arneys'fees,to any�ndebtedn�ss secured by�his�eed of Trust, all in such ❑rder as Lender may determine. The enterin� upon and taking possession of the Property, the collection o�such rents, issues and prafi�s, and the application thereo� shall not �ure ❑r waive any default or�natice of de�au�t under this Deed of Trust or in�a�idate any act dane in response to such de�ault or pursuant to such nofi�e af defau[t;and, nv�vvithstanding the cvntinuance in passess�on af the Property or the callectivn, receip�and appl�cat�on of rents, issues❑r profts, Trustee ar Lender shal� be entitled to exercise e�ery r�gh�prv�ided for in the 1Vote�r the Related Documents or by law upon�h� accurrence of any e�en�a�default,including the right ta exercise the power af sale; �h} Gammenoe an activn tv foreclose fhis Deed o�Trust as a mortgage, appa�nt a�ecei�e�ar specifically enforce any of the co�enants hereof;and �c} Deli�er�o Trus�ee a written d�cfaration af defaui�and demand far sa��and a wri�ten notice❑f default and elect�on to cause Trustar's jnterest�n th�P�operry to be svld,which notice Trustee shall cause to be duly fi��d for record�n the appropriate affiGes af th�County in which the Prope�-ty is located;and td} 1Ni�h respect to al�❑r any par�of�he Persanal Proper[y,Lender sha��ha�e all the�ights and remedies of a secured party under the Nehraska Uniform Corr-�merc�al Code. Fo�e�losur�by Power o�Sale. ��Lender e��cts�o foreciose by exerc�se Qf�e Pawer of Saie herein car�fi�:�ined, L�nder shaI� notify Trustee and shall deposit with Trustee�his Deed of Trust and�he Nate and such �-eceipts and e�idenoe of exp�nditures made and s�cured by this Deed af Trus�as Trus�ee may require.